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Aker BP: First quarter 2024 results
LYSAKER, Norway, April 24, 2024 /PRNewswire/ -- Aker BP delivered continued strong operational performance in the first quarter of 2024, with low cost and low emissions, and with all field development projects progressing according to plan.
Highlights
Increased production: Oil and gas production reached 448 mboepd in the first quarter, one percent higher than in the fourth quarter
Low cost: Production cost amounted to USD 6.1 per barrel produced, down from USD 6.2 in the fourth quarter
Low emissions: Greenhouse gas emissions (scope 1&2) averaged 3.0 kg CO2e per boe, ranking among the lowest in the global oil & gas industry
Development projects on track: All field development projects are progressing as planned and within budget
Strong financial performance: EBITDA of USD 2.8 (3.2) billion, operating profit of USD 2.2 (2.2) billion, net profit of USD 531 (164) million, and free cash flow of ...