Karl Hersvik - Aker BP Chief Officer
| DETNFDelisted Stock | USD 23.57 0.77 3.38% |
Executive
Mr. Karl Johnny Hersvik was appointed Chief Executive Officer of AKER BP ASA, effective as of May 1, 2014. He was also Acting Senior Vice President Improvement of the Company from January 1, 2016 till September 5, 2016. He came from the position as Senior Vice President of Statoil Research and Development division in Trondheim, a position he has held since January 2011. He has held many professional and management positions in StatoilHydro and Norsk Hydro, including Chief Reservoir Engineer and Operations Manager. Mr. Hersvik has also held several positions in business development, including Vice President and Project Manager for the West Qurna project in Iraq and Vice President for Production Technology. He holds a number of directorships, including Chair of the Board at OG21, and is member of several boards whose objective is to promote cooperation between industry and academia. Mr. Hersvik holds a Cand. Scient. degree in Industrial Mathematics from the University of Bergen . since 2016.
| Age | 51 |
| Tenure | 8 years |
| Phone | 47 51 35 30 00 |
| Web | https://akerbp.com |
Aker BP Management Efficiency
The company has return on total asset (ROA) of 0.237 % which means that it generated a profit of $0.237 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2171 %, meaning that it generated $0.2171 on every $100 dollars invested by stockholders. Aker BP's management efficiency ratios could be used to measure how well Aker BP manages its routine affairs as well as how well it operates its assets and liabilities.The company has accumulated 3.58 B in total debt with debt to equity ratio (D/E) of 0.46, which is about average as compared to similar companies. Aker BP ASA has a current ratio of 0.73, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Aker BP until it has trouble settling it off, either with new capital or with free cash flow. So, Aker BP's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aker BP ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aker to invest in growth at high rates of return. When we think about Aker BP's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 0.22 | |||
| Return On Asset | 0.24 |
Aker BP ASA Leadership Team
Elected by the shareholders, the Aker BP's board of directors comprises two types of representatives: Aker BP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aker. The board's role is to monitor Aker BP's management team and ensure that shareholders' interests are well served. Aker BP's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aker BP's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Terje Solheim, Director, Employee Representative | ||
| Trond Brandsrud, Director | ||
| Rolf Broske, Senior Vice President Communication | ||
| Svein Liknes, Interim Head of Operations | ||
| Knut Sandvik, Senior Vice President Projects | ||
| Karl Hersvik, Chief Officer | ||
| Bernard Looney, Director | ||
| David Tonne, CFO | ||
| Gro Kielland, Director | ||
| Sverre Skogen, Executive Chairman and Member of Remuneration Committee | ||
| Lars Hoeier, Sr NOAKA | ||
| Orjan Holstad, Director, Employee Representative | ||
| Evy GlorstadClark, Senior Vice President Exploration | ||
| Gro Haatvedt, Senior Vice President Exploration | ||
| Geir Solli, Sr. VP of Operations | ||
| Kate Thomson, Director | ||
| Marit Blaasmo, Senior Vice President for Health, Safety, Security, Environment & Quality | ||
| Ine Dolve, VP Devel | ||
| Ole Molvig, Senior Vice President Reservoir | ||
| Lene Landoy, Director of Strategy and Business Development | ||
| Oyvind Bratsberg, COO and General Manager | ||
| Kjetil Bakken, Vice President Investor Relations | ||
| Bjorn Ribesen, Director, Employee Representative | ||
| David Toenne, Chief Officer | ||
| Leif Hestholm, Senior Vice President HSE & Quality | ||
| Kjell Pedersen, Director | ||
| Ingard Haugeberg, Director, Employee Representative | ||
| Evy GloerstadClark, VP Devel | ||
| Alexander Krane, CFO | ||
| Jonas Gamre, Head Investor Relations Contact | ||
| Kjetil Kristiansen, Senior Vice President Human Resources | ||
| Olav Henriksen, Senior Vice President Projects | ||
| Oyvind Eriksen, Chairman of the Board | ||
| Anette Helgesen, Director, Employee Representative | ||
| Katherine Hall, Director | ||
| Kjetel Digre, Senior Vice President Operations | ||
| Per Kongelf, Senior Vice President Improvement | ||
| Jorgen Rostrup, Director | ||
| Eldar Larsen, Senior Vice President Operations | ||
| Gudmund Evju, Director, Employee Representative | ||
| Kjell Rokke, Director | ||
| Elke Njaa, Senior Vice President Special Projects, Acting Senior Vice President Corporate Development | ||
| Jorunn Kvaale, Senior Vice President HSE | ||
| Kristin Gjertsen, Director, Employee Representative | ||
| Anne Cannon, Deputy Chairman of the Board | ||
| Lone Olstad, Director, Employee Representative | ||
| Arne Sigmundstad, Senior Vice President Drilling and Well |
Aker Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Aker BP a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.22 | |||
| Return On Asset | 0.24 | |||
| Profit Margin | 0.12 % | |||
| Operating Margin | 0.76 % | |||
| Current Valuation | 21.09 B | |||
| Shares Outstanding | 631.3 M | |||
| Shares Owned By Insiders | 51.41 % | |||
| Shares Owned By Institutions | 27.02 % | |||
| Price To Earning | 24.06 X | |||
| Price To Book | 1.61 X |
Pair Trading with Aker BP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aker BP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aker BP will appreciate offsetting losses from the drop in the long position's value.Moving against Aker Pink Sheet
| 0.76 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
| 0.75 | KB | KB Financial Group Earnings Call Today | PairCorr |
| 0.73 | SHG | Shinhan Financial Earnings Call Today | PairCorr |
| 0.73 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
| 0.71 | PXD | Pioneer Natural Resources Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Aker BP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aker BP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aker BP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aker BP ASA to buy it.
The correlation of Aker BP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aker BP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aker BP ASA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aker BP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Consideration for investing in Aker Pink Sheet
If you are still planning to invest in Aker BP ASA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aker BP's history and understand the potential risks before investing.
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