NORWEGIAN oil and gas operator Aker BP has reported record quarterly production and an improved net profit on the previous three months, while making solid progress on its multibillion-dollar field development projects. The company set a new quarterly production record of 453,000 barrels of oil equivalent per day in the first quarter of 2023, driven by the continued ramp-up of output from the Johan Sverdrup phase two project. Total revenues for the three months ending 31 March 2023 was $3.3 billion compared with $3.8 billion in the previous quarter. Net profit was $187 million versus $112 million in the prior three months. Operating profit of $1.9 billion was below the $2.2 billion tally of the previous quarter. The company reported free cash flow of $977 million and a Q1 2023 dividend of 55 US cents per share.
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