May 07, 2026 [Reuters]- Norwegian oil firm Aker BP on Thursday reported ​a lower profit in line with ‌expectations, and said its key offshore projects were on track to begin output in 2027 as ​planned.

Earnings before interest, tax, depreciation and ​amortisation (EBITDA) fell to $2.66 billion in January–March, from $2.8 ⁠billion a year earlier, in line ​with forecast in a company-compiled consensus,  of 15 analysts.

• “Our ​project portfolio continues to progress well. We are converting a pipeline of low break‑even projects into production, ​while our two major development projects, ​Yggdrasil and Valhall PWP–Fenris, remain on track for first ‌oil ⁠in 2027,” CEO Karl Johnny Hersvik said in a statement.
• Net oil and gas production down to 398,400 barrels of oil equivalent ​per day (boed), from ​441,400 ⁠boed a year earlier.
• Maintains 2026 production guidance at 370,000–400,000 boed, as ​well as guidance for production to ​rise ⁠above 500,000 boed in 2028.
• Maintains 2026 capital spending guidance at $6.2 billion-6.7 billion, exploration expenses ⁠at around $400 ​million.
• Keeps its quarterly dividend ​unchanged at $0.6615 per share, equivalent to $2.65 on an annual ​basis.