Update shared on27 Aug 2025
Fair value Decreased 1.42%Aker BP’s consensus price target was revised marginally lower as a sharp increase in its future P/E signals reduced earnings expectations despite stable discount rates.
What's in the News
- Aker BP completed the Omega Alfa exploration campaign in the Norwegian North Sea, discovering 96-134 mmboe and significantly increasing resources in the Yggdrasil area.
- The campaign involved five exploration targets via a record-setting multilateral well, gathering high-quality reservoir data and reducing subsurface uncertainty, accelerating concept studies for tie-back to Yggdrasil.
- Yggdrasil field development is progressing as planned, with first oil expected in 2027 and proven resources of approximately 700 mmboe, targeting growth to over one billion barrels through further exploration.
- Full-year 2025 production guidance was revised upwards to 400-420 mboepd from 390-420 mboepd.
- Preliminary Q2 2025 production was 415 mboepd, down from 441.4 mboepd in Q1, while Aker BP and partners received Approval in Principle for a next-generation LCO2 carrier, supporting the European CCS value chain.
Valuation Changes
Summary of Valuation Changes for Aker BP
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from NOK260.53 to NOK256.50.
- The Future P/E for Aker BP has significantly risen from 12.13x to 121.92x.
- The Discount Rate for Aker BP remained effectively unchanged, moving only marginally from 6.93% to 6.90%.
Disclaimer
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