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OKEA ASA ( (DE:3SX) ) has shared an announcement.
OKEA ASA reported a decline in its second-quarter 2025 financial performance, with reduced operating income and lower realized prices for crude oil, NGL, and gas compared to the previous quarter. Despite these challenges, the company increased its cash reserves and issued new bonds, indicating a focus on financial stability and strategic growth. The announcement also noted expected technical goodwill impairments due to reduced forward prices, which could impact financial results.
More about OKEA ASA
OKEA ASA is a prominent operator on the Norwegian continental shelf, focusing on mid- and late-life oil and gas operations. The company is known for its strategy of growth, value creation, and capital discipline, often finding value in assets where others divest. OKEA is publicly traded on the Oslo Stock Exchange.
Average Trading Volume: 234,393
Current Market Cap: NOK1.79B
Learn more about 3SX stock on TipRanks’ Stock Analysis page.