Aker BP Reports Q3 Revenue Growth and Reaffirms Full-Year Production Guidance
Aker BP has reported its third-quarter financial results, highlighted by a significant year-over-year revenue increase of 48.8%, reaching $3.87 billion. The company posted a GAAP Earnings Per Share (EPS) of $1.56 for the period. Despite undergoing planned maintenance, net production reached 374 mboepd, while net sold volumes rose by five percent to 396 mboepd. Based on these results, Aker BP has reaffirmed its full-year production guidance in the range of 380–400 mboepd.
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Topics: earnings report oil and gas production guidance revenue growth