The latest announcement is out from OKEA ASA ( (DE:3SX) ).
OKEA ASA reported a significant increase in total operating income for the first quarter of 2025, reaching MUSD 278 compared to MUSD 205 in the previous quarter. Despite a slight decline in net production, the company saw an increase in net sold volumes and realized prices for crude oil, NGL, and gas. The company also announced a shift in its financial reporting currency from NOK to USD starting this quarter, reflecting its strategic adjustments to market conditions.
More about OKEA ASA
OKEA ASA is a prominent operator in the mid- and late-life stages on the Norwegian continental shelf, focusing on growth, value creation, and capital discipline. The company is listed on the Oslo Stock Exchange.
YTD Price Performance: -17.49%
Average Trading Volume: 303
Technical Sentiment Signal: Buy
Current Market Cap: €145.5M
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