LYSAKER,
- Increased production: Oil and gas production reached 448 mboepd in the first quarter, one percent higher than in the fourth quarter
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Low cost: Production cost amounted to
USD 6.1 per barrel produced, down fromUSD 6.2 in the fourth quarter - Low emissions: Greenhouse gas emissions (scope 1&2) averaged 3.0 kg CO2e per boe, ranking among the lowest in the global oil & gas industry
- Development projects on track: All field development projects are progressing as planned and within budget
-
Strong financial performance: EBITDA of
USD 2.8 (3.2) billion, operating profit ofUSD 2.2 (2.2) billion, net profit ofUSD 531 (164) million, and free cash flow ofUSD 339 (461) million -
Returning value: Quarterly dividend of
USD 0.60 per share
"
Our field development projects are on track, and construction activity is ramping up at multiple sites in
We are pleased to report another quarter marked by robust cash flow and a strong financial position, which further underpins the ongoing investments in our profitable projects and attractive dividends to our shareholders."
Today at
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