Aker BP : Reassuring Q2 results and guidance but an increase in debt and limited catalysts in the short term - Neutral rating confirmed
>Operating profit 2% below forecasts but a welcome surprise on net profit - Aker BP has reported its Q2 2024 earnings with revenue and EBITDA in line with forecasts. That said, EBIT came in 3% below forecasts at $ 2.3bn (+4.6% q-o-q). Net profit was 4% above expectations at $ 561m benefiting from a stable tax rate of 75% and lower financial charges. CFFO was down from $1.45bn to $1.14bn but this was due to the payment of two installement taxes, this situation shoul...Aker BP ASA engages in the exploration, development, and production of petroleum resources on the Norwegian Shelf. In addition, Co. has a separate Johan Sverdrup business unit to manage its interest.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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