OTC Markets Group Welcomes Aker BP ASA to OTCQX
OTC Markets Group Inc. (OTCM) announced that Aker BP ASA, a leading independent oil and gas producer in Norway, has upgraded to the OTCQX® Best Market from the Pink® market. With an $18.5 billion market cap, Aker BP ASA will now trade under the symbols “AKRBF” and “AKRBY.” This upgrade aims to enhance trading transparency for U.S. investors and aligns with Aker BP’s growth strategy, which includes plans for significant developments in profitable oil fields. The company produces over 400,000 barrels of oil equivalent daily, boasting low-cost operations and minimal emission intensity in the sector.
- Aker BP ASA upgraded to OTCQX Best Market, enhancing visibility and transparency for U.S. investors.
- Company plans for substantial growth through new field developments, increasing shareholder value.
- None.
NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Aker BP ASA (OSE: AKRBP) (OTCQX: AKRBF; AKRBY), a Norwegian oil and gas company with an
Aker BP ASA begins trading today on OTCQX under the symbols “AKRBF” and “AKRBY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
“Aker BP is the leading independent oil and gas producer in Norway, producing above 400,000 barrels oil equivalent from a diversified asset base at low cost and with the lowest emission intensity in the industry. We plan for significant growth through several new, profitable field developments over the coming years which will drive further value creation for our shareholders. By joining the OTCQX Best Market, our goal is to generate a broader recognition and improve the attractiveness and availability of Aker BP as an investment opportunity for investors in the United States,” said David Tonne, CFO of Aker BP.
About Aker BP ASA
Aker BP explores for and produces oil and gas on the Norwegian continental shelf, and is the largest independent E&P company in Europe. The company operates five production hubs: Alvheim, Edvard Grieg/Ivar Aasen, Skarv, Ula and Valhall, and is a partner in the giant Johan Sverdrup field. Aker BP’s headquarters is in Fornebu near Oslo, Norway. For more information about the company, visit www.akerbp.com.
About OTC Markets Group Inc.
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