Aker BP ASA (LTS:0M5J) Retained Earnings : kr-13,884 Mil (As of Sep. 2024)

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What is Aker BP ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Aker BP ASA's retained earnings for the quarter that ended in Sep. 2024 was kr-13,884 Mil.

Aker BP ASA's quarterly retained earnings increased from Mar. 2024 (kr-13,470 Mil) to Jun. 2024 (kr-11,668 Mil) but then declined from Jun. 2024 (kr-11,668 Mil) to Sep. 2024 (kr-13,884 Mil).

Aker BP ASA Retained Earnings Historical Data

The historical data trend for Aker BP ASA's Retained Earnings 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 Retained Earnings Chart

Aker BP ASA Annual Data

Trend

Dec14

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Retained Earnings

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Aker BP ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-13,516.34	-	-13,469.94	-11,668.45	-13,883.74

Aker BP ASA Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Aker BP ASA (LTS:0M5J) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Aker BP ASA Business Description

Industry

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AKRBY:USA AKRBF:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK ARC:Germany

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, Johan Sverdrup, Ula 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. The group's business is entirely related to exploration for and production of petroleum on, or to the borderline of the Norwegian continental shelf.

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