EnergyWatch

Aker BP anchors with solid profit

Higher oil and gas prices provided some much-needed stability for Aker BP in Q3, with Norwegian tax rebates slightly boosting the bottom line as well.

Photo: PR/Aker BP

Norway's Aker BP had already prepared for a financial storm such as the one comprised by the oil price war and Covid-19 in 2020.

A heavy loss of USD 335 million, an impairment by USD 654 million and a hitherto unheard of reduction in 2020 dividends from USD 850 million to USD 283 million were the gruesome main numbers in Aker BP's first quarter financials this year.

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