April 26, 2019 / 5:26 AM / 3 months ago

Aker BP's first-quarter operating profit lags forecast

OSLO, April 26 (Reuters) - Aker BP, a Norwegian oil firm partly owned by BP, posted smaller-than-expected first-quarter earnings on Friday.

Its earnings before interest and taxes (EBIT) fell to $286.5 million from $505 million in the same quarter a year ago, lagging the $303 million expected by analysts in a Reuters poll.

Aker BP repeated its full year guidance and said the Equinor-operated Johan Sverdrup oilfield, where it has an 11.6 percent stake, was on track to start production in November, as planned. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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