Aker BP Management

Management criteria checks 4/4

Aker BP's CEO is Karl Hersvik, appointed in May 2014, has a tenure of 10.5 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 NOK486.77K. The average tenure of the management team and the board of directors is 2.2 years and 4.8 years respectively.

Key information

Karl Hersvik

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	64.0%
CEO tenure	10.5yrs
CEO ownership	0.0003%
Management average tenure	2.2yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Karl Hersvik's remuneration changed compared to Aker BP's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$1m	US$899k	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$4m	US$967k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$2m	US$929k	US$828m
Sep 30 2021	n/a	n/a	US$616m
Jun 30 2021	n/a	n/a	US$491m
Mar 31 2021	n/a	n/a	US$506m
Dec 31 2020	US$2m	US$830k	US$45m
Sep 30 2020	n/a	n/a	US$27m
Jun 30 2020	n/a	n/a	-US$97m
Mar 31 2020	n/a	n/a	-US$204m
Dec 31 2019	US$1m	US$826k	US$141m
Sep 30 2019	n/a	n/a	US$92m
Jun 30 2019	n/a	n/a	US$252m
Mar 31 2019	n/a	n/a	US$318m
Dec 31 2018	US$2m	US$783k	US$476m
Sep 30 2018	n/a	n/a	US$447m
Jun 30 2018	n/a	n/a	US$443m
Mar 31 2018	n/a	n/a	US$374m
Dec 31 2017	US$2m	US$721k	US$275m

Compensation vs Market: Karl's total compensation ($USD1.40M) is below average for companies of similar size in the UK market ($USD5.78M).

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

CEO

Karl Hersvik (52 yo)

10.5yrs

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

Name	Position	Tenure	Compensation	Ownership
Karl Hersvik	Chief Executive Officer	10.5yrs	US$1.40m	0.00034% NOK 486.8k
David Tonne	Chief Financial Officer	5.8yrs	US$644.00k	0.0043% NOK 6.1m
Per Kongelf	Chief Operating Officer	2.1yrs	US$628.00k	0.00088% NOK 1.3m
Marit Blaasmo	Senior Vice President of People and Safety	2.1yrs	US$458.00k	0.0014% NOK 2.0m
Arne Sigmundstad	Senior Vice President of Drilling & Wells	8.8yrs	US$542.00k	0.00023% NOK 329.3k
Ole-Johan Molvig	Senior Vice President of Valhall	2.1yrs	US$523.00k	0.0035% NOK 5.0m
Knut Arne Sandvik	Senior Vice President of Projects	5.3yrs	US$535.00k	0.0012% NOK 1.7m
Ine Dolve	Senior Vice President of Alvheim	2.1yrs	US$506.00k	0.0014% NOK 2.0m
Lars Hoeier	Senior Vice President- NOAKA	4.2yrs	US$553.00k	0.0020% NOK 2.9m
Paula Doyle	Chief Digital Officer	2.3yrs	US$527.00k	0.00022% NOK 315.0k
Thomas Hoff-Hansen	Senior Vice President of Ula	2.1yrs	US$412.00k	0.00080% NOK 1.1m
Kari Nielsen	Senior Vice President of Edvard Grieg and Ivar Aasen	2.1yrs	US$424.00k	0.000070% NOK 100.2k

2.2yrs

Average Tenure

52yo

Average Age

Experienced Management: 0M5J's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Ashley Heppenstall	Shareholder-elected Member	2.4yrs	US$43.00k	0.13% NOK 193.0m
Kjell Røkke	Director	11.6yrs	US$34.00k	no data
Oyvind Eriksen	Chairman of the Board	8.7yrs	US$92.00k	no data
Trond Brandsrud	Independent Director	8.7yrs	US$65.00k	no data
Anne Cannon	Independent Deputy Chair of the Board	11.6yrs	US$66.00k	0.0019% NOK 2.7m
Valborg Lundegaard	Shareholder-elected Member	2.6yrs	US$40.00k	no data
Katherine Thomson	Director	8.2yrs	no data	no data
Ingard Haugeberg	Employee Representative Director	6.3yrs	US$23.00k	0.00026% NOK 372.2k
Tore Vik	Employee Representative Director	3.3yrs	US$23.00k	0.0011% NOK 1.6m
Thomas Husvaeg	Employee Representative Director	1.1yrs	US$6.00k	0.00013% NOK 186.1k
Marit Dorum	Employee Representative Director	1.8yrs	US$3.00k	no data
Ani Chiang	Employee Representative Director	1.8yrs	US$3.00k	0.00026% NOK 372.2k

4.8yrs

Average Tenure

61yo

Average Age

Experienced Board: 0M5J's board of directors are considered experienced (4.8 years average tenure).

Aker BP Management

Management criteria checks 4/4

Key information

Recent management updates

Aker BP ASA, Annual General Meeting, May 09, 2025

Insider recently sold kr2.5m worth of stock

Aker BP ASA Appoints Doris Reiter as Director of the Board

Aker BP Elects Employee Representatives to the Board

Chief Financial Officer recently sold kr755k worth of stock

Chief Financial Officer recently bought kr968k worth of stock

Recent updates

New major risk - Revenue and earnings growth

Third quarter dividend of kr6.59 announced

Third quarter 2024 earnings released: EPS: US$0.28 (vs US$0.93 in 3Q 2023)

Aker BP ASA Announces Cash Dividend for the Fourth Quarter of 2024, Payable on 13 November 2024

Second quarter 2024 earnings released: EPS: US$0.89 (vs US$0.63 in 2Q 2023)

Aker BP ASA Announces Cash Dividend for the Third Quarter of 2024, Payable on 25 July 2024

Aker BP ASA Revises Production Guidance for the Full Year 2024

Aker BP ASA, Annual General Meeting, May 09, 2025

Aker BP ASA to Report Q1, 2025 Results on May 07, 2025

Insider recently sold kr2.5m worth of stock

Aker BP ASA Appoints Doris Reiter as Director of the Board

First quarter dividend of kr6.59 announced

First quarter 2024 earnings released: EPS: US$0.84 (vs US$0.30 in 1Q 2023)

Aker BP ASA Announces Cash Dividend for the Second Quarter of 2024, Payable on 8 May 2024

Aker BP ASA Announces Production Start from Hanz in the North Sea

Full year 2023 earnings released: EPS: US$2.12 (vs US$3.23 in FY 2022)

Aker BP ASA Announces Cash Dividend for the First Quarter of 2024, Payable on 21 February 2024

Aker BP Asa Resumes Production At the Alvheim Field

Aker BP Elects Employee Representatives to the Board

Third quarter 2023 earnings released: EPS: US$0.93 (vs US$1.24 in 3Q 2022)

Aker BP ASA Announces Cash Dividend for the Fourth Quarter of 2023, Payable on 9 November 2023

Chief Financial Officer recently sold kr755k worth of stock

Aker Bp Asa Announces Production Guidance for 2023

Second quarter 2023 earnings released: EPS: US$0.63 (vs US$0.52 in 2Q 2022)

Aker Bp Declares Dividend for the Third Quarter 2023, Payable on 26 July 2023

Aker BP ASA to Report Q4, 2023 Results on Feb 07, 2024

Aker BP ASA Launches Multi-Tranche Offering

Chief Financial Officer recently bought kr968k worth of stock

Aker BP ASA Announces Production Capacity at Johan Sverdrup Field Has Been Successfully Test at 755,000 Barrels Oil Per Day

Full year 2022 earnings released: EPS: US$3.23 (vs US$2.30 in FY 2021)

Full year 2022 earnings released: EPS: US$3.23 (vs US$2.37 in FY 2021)

Aker BP ASA Provides Production Guidance for the Year 2023

Aker BP ASA Announces Cash Dividends for the First Quarter of 2023, Payable on 23 February 2023

Aker BP Starts Drilling an Exploration Well in the North Sea Licence PL867

Aker BP Announces Johan Sverdrup Phase 2 on Stream

Aker BP's Board Approves Field Development Projects

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: US$1.24 (vs US$0.57 in 3Q 2021)

Aker BP ASA Declares Cash Dividend for the Fourth Quarter of 2022, Payable on November 8, 2022

Upcoming dividend of US$0.53 per share

Aker Says It Is No Longer Part of Group Seeking to Buy OMV's E&P Business

Aker BP ASA to Report Q3, 2023 Results on Oct 27, 2023

Insider recently sold kr61k worth of stock

Vår Energi AS (OB:VAR) agreed to acquire 30% stake in Licenses PL820 S and PL 820 SB in the North Sea from Lime Petroleum AS, Pandion Energy AS and Aker BP ASA (OB:AKRBP).

Upcoming dividend of kr5.21 per share

Second quarter 2022 earnings released: EPS: US$0.52 (vs US$0.43 in 2Q 2021)

Aker BP ASA Announces Cash Dividend for the Third Quarter 2022, Payable on 24 August 2022

Aker Completes Drilling of the Storjo Exploration Well in Production License 261 Near the Skarv Field in the Nororwegian Sea

Aker BP ASA (OB:AKRBP) completed the acquisition of Oil and gas business from Lundin Energy AB (publ) (OM:LUNE).

Investor sentiment deteriorated over the past week

Aker BP ASA Appoints Paula Doyle as Chief Digital Officer

First quarter 2022 earnings released: EPS: US$1.49 (vs US$0.35 in 1Q 2021)

Aker BP ASA Plans Cash Dividend for the Second Quarter of 2022, Payable on 11 May 2022

Upcoming dividend of US$0.47 per share

Less than half of directors are independent

Aker BP ASA Announces Production Start at Hod B

Aker BP ASA Elects Valborg Lundegaard as Board Member

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Aker BP ASA Provides Dividend Guidance for the Year 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Aker BP Announces That Development Plan for Kobra East & Gekko (KEG) Aker BP

Aker BP ASA Announces Cash Dividend for the First Quarter of 2022, Payable on 23 February 2022

Upcoming dividend of US$0.47 per share

Aramco Overseas Company B.V. acquired 7.4% stake in Cognite AS from Aker BP ASA (OB:AKRBP).

Aker BP ASA (OB:AKRBP) entered into a transaction agreement to acquire Oil and gas business of Lundin Energy AB (publ) (OM:LUNE).

Third quarter 2021 earnings released: EPS US$0.001 (vs US$0.22 in 3Q 2020)

Employee Representative Director recently sold kr220k worth of stock

Less than half of directors are independent