Aker BP Raises 2025 Oil Production Forecast Amid Q3 Profit Decline

Aker BP ASA reported a higher net profit of $285.5 million in Q3 2025 despite a 9.1% decline in revenue to $2.6 billion, surpassing analyst expectations for revenue but missing on operating profit. The company raised its production forecast for fiscal 2025 to 410-425 thousand barrels of oil equivalent per day, up from the previous 400-420 mboepd range, while maintaining production costs around $7 per boe and a quarterly dividend of $0.63 per share. Operationally, Aker BP demonstrated strong performance with stable production averaging 414 mboepd, high uptime, and progress on major growth projects such as Yggdrasil and Valhall. A key highlight was the Omega Alfa oil discovery, one of the largest on the Norwegian Continental Shelf in the past decade, estimated to hold 96–134 million barrels of recoverable oil equivalent. The company's EBITDA of $2.3 billion slightly exceeded analyst forecasts, with a margin of 87%, though operating profit and net profit were somewhat below consensus. Overall, Aker BP's robust financial position and disciplined capital allocation enable continued investment and resilient dividends to shareholders.