Aker BP’s Q2 operating profit jumps amid record output

Oslo — Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record output offset weaker prices for oil and gas.

Norway’s second-largest listed oil company, partly owned by BP, said operating profit was $2.26 billion against a year-earlier $1.16 billion and a $2.3 billion analyst consensus forecast published by Aker BP.

Reporting by Nora Buli, editing by Anna Ringstrom – Reuters

This article was originally posted at sweetcrudereports.com

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