Milliardutbytte from Aker BP – E24

(E24) Published: 07:02 – 31.10.2016, Updated: 07:16 – 31.10.2016

the Case is updated.

Oil company Aker BP (former yugoslavia. The Norwegian) released on Monday morning its third-quarter results. The company is now in the process of implementing the last formal processes before the business to what was The Norwegian oil company and Bp’s Norwegian operations officially one company.

Aker BP had in the third quarter a turnover of 248 million dollars, down from 316 million dollars in the same period last year. Gross operating profit (EBITDA) came in at 179 million dollars, down from 260 a year ago.

It was prior expected that the oil company would end with a turnover of 258 million dollars and a gross operating profit (EBITDA) of 178 million.

Aker Bp’s production ended on the 59.800 barrels of oil equivalent per day, down from 62.800 fat on the same time last year. On average, secured the company an oil price of 47 dollars a barrel, down from 52 dollars.

This is far over it, for example, Statoil was in the third quarter. They reported an oil price of 40 dollars on average, but Statoil has, in return, a large international services are and more gas, which affects the numbers.

Aker BP delivered strong results in the third quarter, with stable, safe and efficient operation, in addition to establishing a platform to build a strong and cost-Aker BP. The integration process continues to go as planned and the board of directors proposes to pay a kvartalsmessig dividends from December 2016, ” says chief executive Karl Johnny Hersvik, in the quarterly report.

Stock to The Norwegian (now Aker BP) has had an adventurous development in recent times. In just the last three months the stock has risen 21,9 per cent, and since the new year is the up the whole 135,3 per cent. The market value of the oil is now 43,9 billion.

also Read: Aker BP-boss doesn’t let off the accelerator pedal: – A unique chance for renewing the Norwegian continental shelf

Now comes the yields

Prior to the merger with Bp’s Norwegian operations was not applicable to distributions from The Norwegian before 2020. But by getting into the BP fields on the Norwegian continental shelf, the company has come in a completely different financial position, and the new company now plans to start a dividend payable.

This was also one of the important benefits Aker ceo Øyvind Eriksen pulled forward when Aker BP merger was presented earlier in the year.

Aker BPs board of directors proposes now a dividend of 125 million dollars, equivalent to one billion, to the payment in December 2016 and march 2017, according to the quarterly report.