Considerable growth on all fronts
Aker BP’s (DETNF) current strategy is straightforward: acquire licenses and stakes from oil supermajors and compose the first-class portfolio of petroleum assets solely on the Norwegian Continental Shelf. This strategy bears fruit, as Aker BP turns ‘non-core’ assets of other companies into cash-generating units. As we see from Q3 FY18 results, the cash machine is running as expected:
- The top line increased by 2.5% Q/Q. In Q3 FY17, total revenue was 67.7% lower than in the same quarter of FY18.
- EBITDAX, one of the most important KPIs of