Aker BP ASA: Industry Leading Break Even Cost, High Payout Ratio And Growth Beyond 2027

  • Aker BP ASA is down 23% YoY, more than the S&P Global index probably due to its growth factor and its exposure to the oil price. Production expected to dip until 2027 due to field maturity, but Yggdrasil will drive growth beyond that. Recent projects delivered below-budget investments and early first oil, underscoring strong execution capabilities. Aker BP maintains industry-leading production efficiency (~93%) and lowest operational costs among peers. The company remains profitable even with oil prices near $40/bbl, showcasing resilience.