Globe Newswire
Report for the three months ended 31 March 2021
Record quarterly revenue of USD 1.1 billion with an achieved oil price of USD 61 per barrelStrong free cash flow generation of MUSD 526, operating cost below guidance at USD 2.85 per boe and net debt reduced to below USD 3.5 billionDividend of USD 1.80 per share corresponding to MUSD 512 for the financial year 2020, approved by the 2021 AGMStrong production performance of 183 Mboepd, above mid-point of guidance for the quarterJohan Sverdrup Phase 1 production set to increase to 535 Mbopd ahead of schedule in May 2021Key projects on track to deliver growth to over 200 Mboepd by 2023 and pipeline of new projects being matured to sustain productionDecarbonisation Strategy on track to achieve carbon neutrality from 2025 from operational emissionsWorld’s first certified carbon neutrally produced crude oil sale Financial summary 1 Jan 2021-31 Mar 20213 months1 Jan 2020-31 Mar 20203 months1 Jan 2020-31 Dec 202012 monthsProduction in Mboepd182.9152.4164.5Revenue and other income in MUSD1,111.9695.22,564.4CFFO in…
