Aker BP ASA

Aker BP ASA

Aker BP ASA

Overview
Date Founded

2001

Headquarters

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, 1366, NOR

Type of Company

Public

Employees (Worldwide)

1,493

Industries

Oil & Gas

Company Description

Aker BP ASA engages in the exploration, development and production of petroleum in Norway. The firm conducts its activities on the Norwegian Continental Shelf. It has balanced portfolio and is the operator of the Valhall, Ula, Ivar Aasen, Alvheim and Skarv field hubs. The company was founded in 2001 and is headquartered in Lysaker, Norway.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Senior Vice President-Operations & Asset Development

Senior Vice President Projects

Senior Vice President HSEQ

Senior Vice President Exploration

Senior Vice President-Strategy & Business Development

Senior Vice President Drilling & Well

Senior Vice President Improvement

Senior Vice President Reservoir

Board of Directors

President & Chief Executive Officer at Aker ASA

Former Director-Investment Banking Energy Team at J. Henry Schroder Wagg & Co. Ltd.

Former Professional at Aker BioMarine ASA

Chief Executive Officer & Director at BP Plc

Group Head of Tax at BP Plc

Aker BP ASA

Chief Executive Officer at Agility Group AS

Aker BP ASA

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Owners & Shareholders
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Folketrygdfondet is an active, value-oriented, long-term manager which administers the Government Pension Fund Norway following rules set by the Ministry of Finance mandate requiring them to invest in equities and fixed-income instruments in a counter-cyclical manner in Norway, Denmark, Finland and Sweden. The strategic benchmark stipulates a 60 percent allocation to equities and 40 percent to fixed income, with a regional split of 85 percent in Norway and 15 percent across the rest of the Nordic region. The firm's managers apply both qualitative and quantitative criteria. Folketrygdfondet focus on fundamental factors such as macroeconomic assessments, performance trends, equity returns, capital structure, pricing, cash flow and analyses of corporate governance, environmental and social matters.

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DNB AM uses both active and passive investment processes to invest globally in a variety of asset classes including equity, debt, money market instruments, commodities and alternative investments. They invest across market-caps and sectors, with the bulk of their assets in Norwegian blue chip equity. The firm's investment approach for fixed-income and money market instruments takes into accounts short-term trends and long-term strategy. Index funds are geared towards maximal cost effectiveness. Actively managed portfolios are diversified, uncorrelated and favor liquid markets. They use disciplined review and exit processes including stop-losses. DNB AM's SRI screening process includes risk classification according to objective risk criteria; verification through independent sources and; direct company contact.

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AB Kapital invests globally in debt and equity across sectors and market-caps, aiming to achieve long-term stable outperformance. Their geographic focus is on Norway and Nordic countries. The firm believes that thorough research can identify market anomalies and achieve superior and consistent investment results. Their internal allocation team performs both tactical and strategic asset allocation to construct portfolios.

Recent Transactions
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Aker BP ASA purchases Equinor ASA /King Lear Discovery from Equinor ASA

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Pandion Energy AS, Kerogen Capital (Asia) Limited purchase Aker BP ASA /Valhall & Hod Fields from Aker BP ASA

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Aker BP ASA purchases Hess Norge AS from Hess Corp.

Clients

BP Plc operates as an integrated oil and gas company. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. The firm also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. The company was founded by William Knox D'Arcy in 1908 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2019
Market Capitalization
$88.9B
Total Enterprise Value
$134B
Earnings Per Share
$3.45
Revenue
$29.4B
Five Year Compounded Annual Growth Rate Of Revenue
63.01%
EBITDAMargin
69.42%
Three Year Compounded Annual Growth Rate Of Revenue
40.57%
Debt TEV
0.24x
TEVNet Income
108.23x
Enterprise Value EBITDAOperating
6.59x
Enterprise Value Sales
4.57x
EBITDA
$20.4B
Total Equity
$20.8B
Total Debt
$31.6B
Net Profit
$1.24B
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Aker Solutions ASA Oil & Gas | Lysaker, Norway

Aker Solutions ASA engages in the provision of products, systems, and services to the oil and gas industry. It operates through following segments: Projects, Services, and Other. The Projects segment offers subsea equipment and systems, engineering and procurement in addition to brownfield maintenance, modifications and hook-up. The Services segment covers the subsea lifecycle services and production asset services. The Other segment includes unallocated corporate costs, onerous lease cost and the effect of hedges not qualifying for hedge accounting. The company was founded in 1841 and is headquartered in Lysaker, Norway.

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