Aker Bp Asa (AKRBF) - Thursday, Jul 10, 2025

Key points (machine generated)

• Aker BP, led by CEO Karl Johnny Hersvik since 2014, has achieved a 22% annualized return and focuses on the Norwegian Continental Shelf.
• The company was formed through significant mergers, including the 2016 merger of Det norske and BP Norge, and the 2022 acquisition of Lundin Energy for $14 billion.
• Aker BP has a breakeven oil price below $35 per barrel, competitive production costs of approximately $6 per barrel of oil equivalent, and 10.6 years of proven reserves.

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