November 3, 2023
Third quarter 2023: Heading into the final months of the year with high activity and executing on growth projects
We are approaching the end of a year where both markets and companies have veered between optimism for the future and more pessimistic recalibrations of strategy and outlook. At Aker, we are continuing into the final months of the year executing on growth projects, driving progress towards higher and even more sustainable energy production, leveraging new and existing partnerships, and continuously finding ways to develop and deploy innovative digital solutions and technologies.
July 18, 2023
Halfway through 2023: strong operational performance despite market headwinds
Continued inflation concerns, an ongoing war in Europe, regional bank failures, a debt ceiling debate, fears of recession and a wave of optimism surrounding AI – it has certainly been an eventful first half of the year for capital markets. For Aker, the share price in the first half of the year ended down 13.3 percent, adjusted for paid dividend. However, neither market uncertainties nor energy price headwinds stopped Aker portfolio companies, like Aker BP and Aker Solutions, from experiencing one of the strongest operational quarters on record. Looking ahead, I am confident in Aker’s strong portfolio composition, powered by evolving trends and robust long-term trajectories.
May 5, 2023
First quarter 2023: Executing on growth projects
We close the first quarter of 2023 with remarkably high activity across the portfolio, both within conventional energy, renewables and other segments. Oil and gas production reached a new record level at 453 mboepd, with industry-leading and record low emissions intensity.
March 29, 2023
Annual Letter 2022: Strong industrial foundation, opportunities for growth
The fiscal year 2022 has come to a close, a year that will be regarded as a hinge in history – marking the end of one era and the beginning of another. We turned a corner on the first global pandemic in a century, saw major war return to Europe, and experienced the sharpest tightening of monetary policy since the 1980s. While we may have closed the books for the year, 2022’s events will undoubtably contribute to what will be an uncertain and divided decade. Through the turmoil, Aker is maintaining a steady course and our long-term strategy stands.
February 17, 2023
Fourth quarter 2022: Lessons learned, optimism intact, and renewed preparedness
We entered 2022 with hopes of returns to normalcy and decreased volatility. We close off the year facing a fresh set of unprecedented crises. Highlighted by the ongoing war in Europe, shift in globalization, the uncertainty of the times, and fraying ties of the world economy, 2022 extended what will undoubtedly be remembered as a particularly disruptive period in human history. Gone is the sentiment of the last few decades, marked by political stability, free trade, affordable energy, and liberalization – a time where business has trumped politics. Instead, politics is now trumping business.
November 15, 2022
Third quarter 2022: Reckoning between tomorrow’s climate ambitions and today’s energy needs
Russia’s invasion of Ukraine and the current energy crisis has laid bare some uncomfortable truths about the current state of the world. It goes far beyond a question of energy security. It unveils both deep vulnerabilities and misconceptions about how we got here in the first place. We need to rethink our collective way forward. At Aker, we are committed to being a part of the solution in a way that faces up to realities and reckons between tomorrow’s climate ambitions and today’s energy needs.
August 23, 2022
Halfway through 2022 – Macroeconomics underpinning strategic considerations
At Aker, we have been on a journey for several years to strengthen and utilize the industrial foundation in our portfolio companies for responsible and sustainable value creation. While the second quarter was marked by market fear from volatile macroeconomic and geopolitical developments, our portfolio companies are showing determination and resilience through uncertain times. While Aker’s share price has not escaped the global sentiment, we are coupling our strong industrial foundation with new technologies, ideas, and partnerships. Halfway through the year, long-term efforts are bearing fruit and new shoots taking root.
May 4, 2022
First quarter 2022: leveraging our industrial foundation through uncertain times
Our portfolio companies continue to demonstrate their ability to adapt to volatile market conditions and to drive growth. While uncertainty looms on many fronts, our path forward is – as always - to both strengthen and utilize our industrial foundation for responsible and sustainable value creation. Watch the video below for some highlights from today’s report and presentation
March 30, 2022
Sustainability Report 2021: Leveraging existing capabilities for sustainable value creation
Despite the continuing impacts of the Covid-19 pandemic, rising geopolitical tension, and the Russian invasion of Ukraine, Aker is experiencing one of its most transformative periods in its 180-years history. Aker has adapted trough an increasingly volatile operating environment and is now more resilient and better positioned to contribute to a low- carbon future.
March 30, 2022
Annual Letter 2021: A future-oriented Aker
Aker is changing. 2021 was probably the most active year in Aker’s 180-year history. Measured in billions of kroner, we have never generated greater value for our shareholders. Now, the most important thing is to implement and deliver through action for continued value creation.
February 18, 2022
Fourth quarter 2021: Investing along global megatrends
Aker has gone through a year, and fourth quarter especially, with remarkably high activity. Aker and its portfolio companies used 2021 to prepare ourselves for the kind of market volatility we have gone through this year and strengthen the foundation for industry and value development through the cycles.