Aker BP more than doubles Q2 result

Norwegian Aker BP increased its profit after taxes to USD 136 million, shows the Q2 report. Increasing oil prices contributed.

Photo: Aker BP

Norwegian oil company Aker BP more than doubled its result after taxes in Q2, shows an interim report Friday. Here, the company booked a USD 136 million profit against a USD 60 million result in the same period last year.

Meanwhile, revenue was positively impacted by increasing oil prices, the hallmark of the second quarter. On average, the price for a barrel of oil sat at USD 76, an increase from USD 51 in Q1 2017, reports the company. Revenue ended at USD 975 million.

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