Aker BP Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Karl Hersvik

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	64.0%
CEO tenure	10yrs
CEO ownership	0.0003%
Management average tenure	1.7yrs
Board average tenure	4.9yrs

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
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 ($USD1.40M) is below average for companies of similar size in the US market ($USD13.53M).

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

CEO

Karl Hersvik (51 yo)

10yrs

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	10yrs	US$1.40m	0.00034% $ 52.7k
David Tonne	Chief Financial Officer	5.3yrs	US$644.00k	0.0038% $ 591.0k
Per Kongelf	Chief Operating Officer	1.6yrs	US$628.00k	0.00088% $ 136.5k
Marit Blaasmo	Senior Vice President of People and Safety	1.6yrs	US$458.00k	0.0012% $ 181.5k
Arne Sigmundstad	Senior Vice President of Drilling & Wells	8.3yrs	US$542.00k	0.00055% $ 85.3k
Ole-Johan Molvig	Senior Vice President of Valhall	1.6yrs	US$523.00k	0.0029% $ 445.2k
Knut Arne Sandvik	Senior Vice President of Projects	4.8yrs	US$535.00k	0.00095% $ 147.4k
Ine Dolve	Senior Vice President of Alvheim	1.6yrs	US$506.00k	0.0012% $ 183.1k
Lars Hoeier	Senior Vice President- NOAKA	3.7yrs	US$553.00k	0.0017% $ 263.7k
Paula Doyle	Chief Digital Officer	1.8yrs	US$527.00k	0.000050% $ 7.8k
Thomas Hoff-Hansen	Senior Vice President of Ula	1.6yrs	US$412.00k	0.00073% $ 113.2k
Kari Nielsen	Senior Vice President of Edvard Grieg and Ivar Aasen	1.6yrs	US$424.00k	0.000070% $ 10.9k

1.7yrs

Average Tenure

51yo

Average Age

Experienced Management: AKRB.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Ashley Heppenstall	Shareholder-elected Member	1.9yrs	US$43.00k	0.14% $ 21.0m
Kjell Røkke	Director	11.1yrs	US$34.00k	no data
Oyvind Eriksen	Chairman of the Board	8.2yrs	US$92.00k	no data
Trond Brandsrud	Independent Director	8.2yrs	US$65.00k	no data
Anne Cannon	Independent Deputy Chair of the Board	11.1yrs	US$66.00k	0.0019% $ 296.3k
Valborg Lundegaard	Shareholder-elected Member	2.1yrs	US$40.00k	no data
Murray Auchincloss	Director	4.1yrs	no data	no data
Katherine Thomson	Director	7.7yrs	no data	no data
Ingard Haugeberg	Employee Representative Director	5.8yrs	US$23.00k	0.00020% $ 31.0k
Tore Vik	Employee Representative Director	2.8yrs	US$23.00k	0.00088% $ 136.5k
Thomas Husvaeg	Employee Representative Director	less than a year	US$6.00k	0.000070% $ 10.9k
Ani Chiang	Employee Representative Director	1.3yrs	US$3.00k	no data

4.9yrs

Average Tenure

60yo

Average Age

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

Aker BP Management

Management criteria checks 3/4

Key information

Recent management updates

Aker BP ASA Appoints Doris Reiter as Director of the Board

Aker BP Elects Employee Representatives to the Board

Aker BP ASA Appoints Paula Doyle as Chief Digital Officer

Aker BP ASA Elects Valborg Lundegaard as Board Member

Recent updates

Aker BP ASA Appoints Doris Reiter as Director of the Board

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

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 Asa Resumes Production At the Alvheim Field

Aker BP Elects Employee Representatives to the Board

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

Aker Bp Asa Announces Production Guidance for 2023

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

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

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

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

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

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).

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).

Aker BP ASA Appoints Paula Doyle as Chief Digital Officer

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

Aker BP ASA Announces Production Start at Hod B

Aker BP ASA Elects Valborg Lundegaard as Board Member

Aker BP ASA Provides Dividend Guidance for the Year 2022

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

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

Aker BP ASA (OB:AKRBP) acquired an additional 20% interest in PL006C License from DNO ASA (OB:DNO).

Aker BP Announces Quarterly Dividend

Aker BP ASA to Report Q4, 2021 Results on Feb 09, 2022

Aker BP ASA to Develop the Gråsel Discovery in 2021

Aker BP and Cognite Pioneer Robotics Deployment Offshore to Transform Oil and Gas Industry with Autonomous Mission

PGNiG Upstream Norway and Aker BP ASA Found Natgas and Crude Oil Reserves at Alve Nord East Prospect in Norway

Aker BP ASA to Report First Half, 2021 Results on Jul 15, 2021

PGNiG Upstream Norway AS completed the acquisition of minority interests in Gina Krog Field and License 127C from Aker BP ASA (OB:AKERBP).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age