Aker BP ASA (STU:ARC) Accounts Payable & Accrued Expense : €3,416 Mil (As of Mar. 2024)

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What is Aker BP ASA Accounts Payable & Accrued Expense?

Aker BP ASA's quarterly accounts payable & accrued expense declined from Sep. 2023 (€3,944 Mil) to Dec. 2023 (€3,647 Mil) and declined from Dec. 2023 (€3,647 Mil) to Mar. 2024 (€3,416 Mil).

Aker BP ASA's annual accounts payable & accrued expense increased from Dec. 2021 (€1,456 Mil) to Dec. 2022 (€5,016 Mil) but then declined from Dec. 2022 (€5,016 Mil) to Dec. 2023 (€3,647 Mil).

Aker BP ASA Accounts Payable & Accrued Expense Historical Data

The historical data trend for Aker BP ASA's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aker BP ASA Accounts Payable & Accrued Expense Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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455.49

227.59

1,455.52

5,016.23

3,646.63

Aker BP ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															4,508.74	3,238.85	3,944.49	3,646.63	3,416.05

Aker BP ASA Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Aker BP ASA (STU:ARC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AKRBY:USA AKRBF:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK 0M5J:UK

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. Fields in close proximity to Alvheim are tied to Alvheim's FPSO. From the tiebacks, oil is transported from the field with shuttle tankers, and associated gas is exported to Scotland through a gas evacuation system.