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 $42.05K. 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 percentage | 64.0% |
| CEO tenure | 10.6yrs |
| CEO ownership | 0.0003% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| 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 US market ($USD12.85M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 10.6yrs | US$1.40m | 0.00034% $ 42.1k | |
| Chief Financial Officer | 5.8yrs | US$644.00k | 0.0043% $ 529.4k | |
| Chief Operating Officer | 2.2yrs | US$628.00k | 0.00088% $ 108.8k | |
| Senior Vice President of People and Safety | 2.2yrs | US$458.00k | 0.0014% $ 176.9k | |
| Senior Vice President of Drilling & Wells | 8.9yrs | US$542.00k | 0.00023% $ 28.4k | |
| Senior Vice President of Valhall | 2.2yrs | US$523.00k | 0.0035% $ 431.7k | |
| Senior Vice President of Projects | 5.4yrs | US$535.00k | 0.0012% $ 148.4k | |
| Senior Vice President of Alvheim | 2.2yrs | US$506.00k | 0.0014% $ 176.9k | |
| Senior Vice President- NOAKA | 4.3yrs | US$553.00k | 0.0020% $ 248.6k | |
| Chief Digital Officer | 2.4yrs | US$527.00k | 0.00022% $ 27.2k | |
| Senior Vice President of Ula | 2.2yrs | US$412.00k | 0.00080% $ 98.9k | |
| Senior Vice President of Edvard Grieg and Ivar Aasen | 2.2yrs | US$424.00k | 0.000070% $ 8.7k |
2.3yrs
Average Tenure
52yo
Average Age
Experienced Management: AKRB.F's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Shareholder-elected Member | 2.5yrs | US$43.00k | 0.13% $ 16.7m | |
| Director | 11.7yrs | US$34.00k | no data | |
| Chairman of the Board | 8.8yrs | US$92.00k | no data | |
| Independent Director | 8.8yrs | US$65.00k | no data | |
| Independent Deputy Chair of the Board | 11.7yrs | US$66.00k | 0.0019% $ 236.2k | |
| Shareholder-elected Member | 2.7yrs | US$40.00k | no data | |
| Director | 8.3yrs | no data | no data | |
| Employee Representative Director | 6.3yrs | US$23.00k | 0.00026% $ 32.2k | |
| Employee Representative Director | 3.4yrs | US$23.00k | 0.0011% $ 136.1k | |
| Employee Representative Director | 1.2yrs | US$6.00k | 0.00013% $ 16.1k | |
| Employee Representative Director | 1.9yrs | US$3.00k | no data | |
| Employee Representative Director | 1.9yrs | US$3.00k | 0.00026% $ 32.2k |
4.9yrs
Average Tenure
61yo
Average Age
Experienced Board: AKRB.F's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 13:24 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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.
| Analyst | Institution |
|---|---|
| Robert Jan Vos | ABN AMRO Bank N.V. |
| Christian Yggeseth | Arctic Securities ASA |
| Lydia Rainforth | Barclays |