OKEA Reports 71% Profit Increase in Q1 2026
OKEA, a Norwegian oil and gas operator, reported a 71% increase in net profit to $36 million in Q1 2026, driven by a non-cash reversal of prior impairments at the Statfjord project. The company also saw a rise in earnings per share and production volumes, though operating income declined due to unrealised hedging losses.
Topics: Earnings Per Share Norwegian Continental Shelf Oil and Gas Industry Profit Increase Statfjord Project