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OKEA ASA ( (DE:3SX) ) has provided an update.
OKEA ASA reported its third quarter 2025 financial performance, highlighting an increase in total operating income to USD 224 million, up from USD 206 million in the previous quarter. The company anticipates non-cash impairment charges between USD 130-170 million due to reduced reserve estimates at the Statfjord area and Draugen, with a post-tax impact of USD 40-50 million, potentially affecting future cost reductions and stakeholder returns.
More about OKEA ASA
OKEA ASA is a prominent operator on the Norwegian continental shelf, focusing on mid- and late-life oil and gas assets. The company aims to create value through strategic acquisitions and disciplined capital management, and it is publicly listed on the Oslo Stock Exchange.
Average Trading Volume: 280,717
Current Market Cap: NOK1.89B
For detailed information about 3SX stock, go to TipRanks’ Stock Analysis page.