Aker BP to buy own shares for employee plan

Aker BP intends to buy back up to 1,500,000 of its own shares as part of the company's employee share savings plan. The acquisition process is scheduled to conclude by September 30, 2026.

The company stated that the price per share will range from a minimum of NOK 50 to a maximum of NOK 500. This sets the upper limit for the total share purchase program at NOK 750 million.

This share buyback initiative is designed to align employee interests with the company's performance and to retain talent. Aker BP is one of Europe's largest independent oil companies by production volume.

The disclosure of this information is in accordance with the Norwegian Securities Trading Act and the EU Market Abuse Regulation.