Aker BP ASA (LTS:0M5J)
kr 228.4 -0.3 (-0.13%) Market Cap: 143.25 Bil Enterprise Value: 179.89 Bil PE Ratio: 9.41 PB Ratio: 1.07 GF Score: 80/100
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Q1 2020 Aker BP ASA Earnings Call Transcript

May 06, 2020 / 06:30AM GMT
Release Date Price: kr167.78 (-5.93%)
Kjetil Bakken
Aker BP ASA - VP of IR

Good morning, everyone, and welcome to Aker BP's First Quarter 2020 Presentation, which will be given today by CEO, Karl Johnny Hersvik; and CFO, David Tønne. My name is Kjetil Bakken, and I am the Head of Investor Relations here at Aker BP.

Before we start, I would like to refer you to the disclaimer included on Slide 2 in the presentation deck. And assuming that you have already read that, I now leave the floor to Karl Johnny to kick off the presentation.

Karl Johnny Hersvik
Aker BP ASA - CEO

Thank you, Kjetil, and good morning to everyone. I guess most of us agree that we are living in pretty extraordinary times. The combination of the COVID-19 pandemic and the collapse of the oil price has created a situation, which is, in my view, totally unprecedented. And there is no doubt, this is a highly dramatic situation, a situation which holds the potential to destroy companies, but it's also a situation where companies with robust strategies will be rewarded. I believe Aker BP is such a company, and it makes me

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