Q1 2026 Aker BP ASA Earnings Call Transcript

May 7, 2026 / 06:30 AM GMT

Release Date Price: $35.39 (-3.07%)

Transcript

Key Points

Positve

Aker BP ASA (AKRBF) achieved a production efficiency of 97%, which is among the best in the industry.
The company delivered production at the high end of its guidance range, with daily production averaging just above 398,000 barrels.
Production costs were reduced to $7.7 per barrel, maintaining Aker BP ASA (AKRBF) as one of the lowest cost producers in the industry.
The Symbar project came on stream nine months ahead of schedule, showcasing strong project execution.
Aker BP ASA (AKRBF) realized oil prices significantly above market expectations, with an average realized oil price of $83.5 per barrel in Q1 and $127 per barrel in the first month of Q2.

Negative

The geopolitical disruptions in the Middle East have created uncertainty in the global energy markets.
Despite strong operational performance, the company did not upgrade its P50 production guidance for the year.
The company faces potential challenges in sustaining production above 500,000 barrels per day beyond 2028 without additional exploration success or M&A.
There is a risk of increased costs due to the strengthening of the Norwegian kroner, which could pressure costs measured in dollar terms.
The company remains in a peak investment phase in 2026, which could impact free cash flow generation in the short term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AKRBP.OL - Aker BP ASA
Q1 2026 Aker BP ASA Earnings Call
May 07, 2026 / 06:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning and welcome to AKA BP's first quarter 2026 results presentation.

We entered 2026 with a strong momentum and it continued in Q1.

Production efficiency was 97%, consistently among the best in the industry.

Symbar came on stream nine months ahead of the original plan, and the broader development portfolio hit its key milestones.

And when the oil price moved higher late in the quarter, driven by geopolitical disruptions in the Middle East, a high-performing portfolio enabled us to capture the upside with tailwinds carrying into Q2.

We delivered production in the high end of our guided range, sector-leading cost, a significant project delivered nine months early and realized prices well above

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.