Aker BP ASA (OTCPK:AKRBF)
$ 20 0.12 (0.6%) Market Cap: 12.89 Bil Enterprise Value: 16.12 Bil PE Ratio: 8.85 PB Ratio: 1.05 GF Score: 79/100

Q3 2020 Aker BP ASA Earnings Call Transcript

Oct 29, 2020 / 07:30AM GMT
Release Date Price: $16.5
Kjetil Bakken
Aker BP ASA - VP of IR

Good morning, and welcome to Aker BP's Third Quarter 2020 Results. My name is Kjetil Bakken, and I'm heading the company's Investor Relations department.

Today's presenters are CEO, Karl Johnny Hersvik; and CFO, David Tønne.

The presentation will be followed by a questions and answers session.

Before we start, I would like to refer you to the disclaimer on Page 2 in the presentation.

And with that, I leave the floor to Karl Johnny.

Karl Johnny Hersvik
Aker BP ASA - CEO

Thank you, Kjetil, and a warm welcome to all of you who are listening to this call. I sincerely hope you are all safe and healthy. Third quarter of 2020 was a very good quarter for Aker BP. I would, of course, like to have seen high oil prices, but we delivered strong performance within most of the areas we control. We are well on the track to the level of our production guidance for the year. Our development projects are progressing as planned and we are keeping costs under control as well as, that's the message.

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