Aker BP ASA (OSL:AKRBP)
kr 275.9 7 (2.6%) Market Cap: 174.17 Bil Enterprise Value: 209.30 Bil PE Ratio: 9.70 PB Ratio: 1.31 GF Score: 94/100

Q4 2022 Aker BP ASA Earnings Call Transcript

Feb 10, 2023 / 07:30AM GMT
Release Date Price: kr304.7 (-2.56%)
Karl Johnny Hersvik
Aker BP ASA - CEO

Good morning and welcome to this presentation of Aker BP's Fourth Quarter and Full Year 2022. Our CFO, David Tønne and I will hopefully provide some insight into our performance and provide updated guidance and outlook for the company. We will do this through the lens of the strategy that we presented back in July.

Let me start by sharing some perspectives on the year 2022 for Aker BP. This was the year we completed the acquisition of Lundin Energy, the largest ever cross-border transaction done by a Norwegian company, which has roughly doubled the size of Aker BP. It took 6 months to complete the transaction and another 3 months to put in place a new organizational structure where we are all now integrated as 1 team. We are a stronger, more diversified and more confident company than ever. And our asset base and opportunity set are second to none in this industry.

Another important event in 2022 was the maturation of a large set of new field development projects, up to the point of final investment decision and submitting the PDOs to the

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