Aker BP (OB:AKRBP) Full Year 2024 Results
Key Financial Results
- Revenue: US$12.4b (down 9.4% from FY 2023).
- Net income: US$1.83b (up 37% from FY 2023).
- Profit margin: 15% (up from 9.8% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: US$2.90 (up from US$2.12 in FY 2023).
AKRBP Production
Combined production- Oil equivalent production: 160.7 MMboe (166.7 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aker BP EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%.
In the last 12 months, the only revenue segment was Exploration for and Production of Petroleum contributing US$12.4b. The most substantial expense, totaling US$6.64b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how AKRBP's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the Oil and Gas industry in Norway.
Performance of the Norwegian Oil and Gas industry.
The company's shares are down 2.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Aker BP (1 is potentially serious!) that you need to take into consideration.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OB:AKRBP
Aker BP
Explores for, develops, and produces oil and gas on the Norwegian Continental Shelf.
Undervalued with excellent balance sheet.
Similar Companies
Market Insights
Community Narratives
