AkerBP is the 2. biggest oil comany in norway. Based on their reports they are one of the leaders in low carbon emitions per barrel of oil they produce. They allso have 9 projects this year, with projects beeing new platforms exc.
•Their production cost is around 7$ per barrel
•New projects break- even oil prices are around 40$
Good roadmap for net-zero emitions
From what i can see, oil is going to still be relevant for many years forward, and the future of oil is simply lower emitions. Becouse of this, and their rapid upscaling, i believe AkerBP is a good investment.
Ofcourse i post this here for a reason, i would like more oppinions on the stock. What's the future for Norwegian oil? Is AkerBP the best oil company to invest in? Is investing in oil even smart?
Thanks!
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