# Aker BP Reports $986 Million Profit With Impairment-Reversal Boost

The Norwegian oil producer maintained its annual production forecast and outlined progress toward 2027 project start-ups.

By Will Langan | 24X7 News
Published: 2026-10-29T07:04:44.678Z
Updated: 2026-10-29T07:04:44.678Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/aker-bp-third-quarter-results-october-29-2026

Aker BP reported October 29 that third-quarter net profit reached $986 million, including a $262 million after-tax benefit from reversing an earlier impairment.

The company generated $3.4 billion in earnings before interest, taxes, depreciation and amortization and $2.4 billion in operating cash flow. Net sold volumes averaged 396,000 barrels of oil equivalent a day, 5% above the preceding quarter.

Production averaged 374,000 barrels of oil equivalent daily, reflecting planned maintenance. Aker BP maintained its full-year production forecast of 380,000–400,000 barrels a day on the same equivalent basis.

Management said major offshore components had been installed for Yggdrasil and Valhall PWP–Fenris, with commissioning work underway. Both developments remain scheduled for first production next summer; those dates are company forecasts.

The Skarv Satellites project began production in late August. That start-up is background to Thursday’s results, rather than a newly completed October event.

Aker BP reported $5.8 billion in available liquidity and announced a quarterly dividend of $0.6615 per share, payable around November 12.

Sources
Aker BP — October 29 Results: https://akerbp.com/en/borsmelding/third-quarter-2026-results/

## Sources
- Aker BP — Third-Quarter Results, October 29: https://akerbp.com/en/borsmelding/third-quarter-2026-results/