- Aker BP’s fourth-quarter revenue came in at $3.07 billion, surpassing estimates of $3.03 billion.
- EBITDA reached $2.72 billion, exceeding expectations of $2.66 billion.
- Operating income (EBIT) was reported at $2.08 billion.
- Pre-tax income stood at $2.05 billion.
- Net income significantly beat forecasts, hitting $561.8 million compared to an estimated $432.4 million.
- Earnings per share (EPS) were 89 cents, outperforming the projected 72 cents.
- Production costs per barrel of oil equivalent were lower than anticipated at $5.70, versus an estimated $7.08.
- Exploration expenses amounted to $110.7 million, slightly above the estimated $104 million.
- Net debt for the company was reported at $3.93 billion.
- Analyst recommendations include 14 buy ratings, 8 hold ratings, and 4 sell ratings.
A look at Aker BP ASA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have given Aker BP ASA a positive long-term outlook based on their Smart Scores. With a high score in dividend and strong ratings in value, growth, resilience, and momentum, Aker BP ASA is positioned well for the future. The company, operating in the oil and gas sector with a focus on exploration and production on the Norwegian Shelf, demonstrates solid fundamentals across various key factors according to the Smart Scores analysis.
Aker BP ASA‘s impressive ratings across multiple categories such as value, dividend, growth, resilience, and momentum indicate a promising future. As an oil and gas exploration and production company, the company’s strengths in these areas bode well for its long-term sustainability and growth potential in the industry as highlighted by the Smart Scores evaluation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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