Aker BP ASA delivers operating profit of $3.959B in Q3 2022
The company records a net profit of $783M
By AP News
Published - Oct 26, 2022, 01:50 AM ET
Last Updated - Jun 24, 2023, 01:31 AM EDT
FORNEBU, Norway, Oct. 26, 2022 /PRNewswire/ -- In its first full quarter after the Lundin acquisition, Aker BP delivered an operating profit of USD 3.959 billion and net profit of $783 million.
Highlights:
- New production record of 412 mboepd with high production efficiency
- Industry-leading low emissions of 3.4 kg CO2 per boe
- Strong free cash flow of USD 1.9 billion driven by high prices and low operating costs
- On track to submit Plans for Development and Operations (PDOs) by year-end
- Lundin integration completed – new organisation implemented from 1 October
The Lundin transaction was consolidated in the statement of financial position per 30 June 2022, and is reflected in the income statement as from the third quarter 2022.
