Aker BP : Good operating performance and guidance upgraded
>Good operating result but net income affected by taxes once again - Aker BP reported Q2 2023 results that were 2% ahead of expectations at the EBIT level, but with net income of $ 397m (+112% q-o-q), well below what we and the consensus expected. The gap stemmed from a higher-than-expected tax rate of 82% vs 78% given the non-deductibility of the impairments. CFFO after tax was down, as expected, at € 121m vs € 1,682m in Q1 due to tax outlays with negative FCF also ...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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