Aker BP ASA

DB:ARC Stock Report

Market Cap: €11.5b

Aker BP Management

Management criteria checks 4/4

Aker BP's CEO is Karl Hersvik, appointed in May 2014, has a tenure of 10.58 years. total yearly compensation is $1.40M, comprised of 64% salary and 36% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth €39.15K. The average tenure of the management team and the board of directors is 2.3 years and 4.9 years respectively.

Key information

Karl Hersvik

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage64.0%
CEO tenure10.6yrs
CEO ownership0.0003%
Management average tenure2.3yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Karl Hersvik's remuneration changed compared to Aker BP's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$1b

Jun 30 2024n/an/a

US$2b

Mar 31 2024n/an/a

US$2b

Dec 31 2023US$1mUS$899k

US$1b

Sep 30 2023n/an/a

US$1b

Jun 30 2023n/an/a

US$1b

Mar 31 2023n/an/a

US$1b

Dec 31 2022US$4mUS$967k

US$2b

Sep 30 2022n/an/a

US$2b

Jun 30 2022n/an/a

US$1b

Mar 31 2022n/an/a

US$1b

Dec 31 2021US$2mUS$929k

US$828m

Sep 30 2021n/an/a

US$616m

Jun 30 2021n/an/a

US$491m

Mar 31 2021n/an/a

US$506m

Dec 31 2020US$2mUS$830k

US$45m

Sep 30 2020n/an/a

US$27m

Jun 30 2020n/an/a

-US$97m

Mar 31 2020n/an/a

-US$204m

Dec 31 2019US$1mUS$826k

US$141m

Sep 30 2019n/an/a

US$92m

Jun 30 2019n/an/a

US$252m

Mar 31 2019n/an/a

US$318m

Dec 31 2018US$2mUS$783k

US$476m

Sep 30 2018n/an/a

US$447m

Jun 30 2018n/an/a

US$443m

Mar 31 2018n/an/a

US$374m

Dec 31 2017US$2mUS$721k

US$275m

Compensation vs Market: Karl's total compensation ($USD1.40M) is below average for companies of similar size in the German market ($USD4.85M).

Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.

CEO

Karl Hersvik (52 yo)

10.6yrs

Tenure

US$1,404,000

Compensation

Mr. Karl Johnny Hersvik serves as Chairman of the Board at Aker Clean Hydrogen AS. He has been the Chief Executive Officer of Aker BP ASA since May 1, 2014. Mr. Hersvik served as a Senior Vice President at...

Leadership Team

NamePositionTenureCompensationOwnership
Karl Hersvik
Chief Executive Officer10.6yrsUS$1.40m0.00034%
€ 39.1k
David Tonne
Chief Financial Officer5.8yrsUS$644.00k0.0043%
€ 492.8k
Per Kongelf
Chief Operating Officer2.2yrsUS$628.00k0.00088%
€ 101.3k
Marit Blaasmo
Senior Vice President of People and Safety2.2yrsUS$458.00k0.0014%
€ 164.7k
Arne Sigmundstad
Senior Vice President of Drilling & Wells8.9yrsUS$542.00k0.00023%
€ 26.5k
Ole-Johan Molvig
Senior Vice President of Valhall2.2yrsUS$523.00k0.0035%
€ 401.9k
Knut Arne Sandvik
Senior Vice President of Projects5.4yrsUS$535.00k0.0012%
€ 138.2k
Ine Dolve
Senior Vice President of Alvheim2.2yrsUS$506.00k0.0014%
€ 164.7k
Lars Hoeier
Senior Vice President- NOAKA4.3yrsUS$553.00k0.0020%
€ 231.4k
Paula Doyle
Chief Digital Officer2.4yrsUS$527.00k0.00022%
€ 25.3k
Thomas Hoff-Hansen
Senior Vice President of Ula2.2yrsUS$412.00k0.00080%
€ 92.1k
Kari Nielsen
Senior Vice President of Edvard Grieg and Ivar Aasen2.2yrsUS$424.00k0.000070%
€ 8.1k

2.3yrs

Average Tenure

52yo

Average Age

Experienced Management: ARC's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Charles Ashley Heppenstall
Shareholder-elected Member2.5yrsUS$43.00k0.13%
€ 15.5m
Kjell Røkke
Director11.7yrsUS$34.00kno data
Oyvind Eriksen
Chairman of the Board8.8yrsUS$92.00kno data
Trond Brandsrud
Independent Director8.8yrsUS$65.00kno data
Anne Cannon
Independent Deputy Chair of the Board11.7yrsUS$66.00k0.0019%
€ 219.9k
Valborg Lundegaard
Shareholder-elected Member2.7yrsUS$40.00kno data
Katherine Thomson
Director8.3yrsno datano data
Ingard Haugeberg
Employee Representative Director6.3yrsUS$23.00k0.00026%
€ 29.9k
Tore Vik
Employee Representative Director3.4yrsUS$23.00k0.0011%
€ 126.7k
Thomas Husvaeg
Employee Representative Director1.2yrsUS$6.00k0.00013%
€ 15.0k
Marit Dorum
Employee Representative Director1.9yrsUS$3.00kno data
Ani Chiang
Employee Representative Director1.9yrsUS$3.00k0.00026%
€ 29.9k

4.9yrs

Average Tenure

61yo

Average Age

Experienced Board: ARC's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 09:50
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Aker BP ASA is covered by 44 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert Jan VosABN AMRO Bank N.V.
Christian YggesethArctic Securities ASA
Lydia RainforthBarclays