Bw Energy: Third Quarter Results 2024
Portfolio Pulse from
BW Energy reported strong third-quarter results for 2024, with an EBITDA of USD 130 million and a net profit of USD 48 million. The company achieved record operational cash flow and production levels, particularly from the Dussafu license in Gabon. BW Energy is on track to complete ESP change-outs in Gabon by year-end and has finalized agreements for exploration blocks offshore Gabon.
November 15, 2024 | 6:45 am
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POSITIVE IMPACT
BW Energy's Q3 2024 results show significant growth with an EBITDA of USD 130 million, driven by record production and sales. The company maintains a strong cash position and is advancing its projects in Gabon.
The significant increase in EBITDA and net profit, along with record production levels, indicate strong operational performance. The company's progress in Gabon and a solid cash position further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100