Harbour Energy’s Q4 2024 Earnings Call: Insights and Impacts
On March 6, 2025, at 4:00 AM ET, Harbour Energy plc (OTCPK:PMOIF) held its Full Year Results 2024 and Capital Markets Update conference call. The call was attended by several executive leaders from Harbour Energy, including Elizabeth Brooks, Head of Investor Relations; Alexander Krane, Chief Financial Officer; Linda Cook, Chief Executive; Alan Bruce, Executive Vice President of Technical Services; Michael Zechner, Managing Director of Norway Business Unit; Martin Rueda, MD of Argentina; Graeme Davies, Executive Vice President of Carbon Capture & Storage; and Alexander Krane, Chief Financial Officer.
Company Participants
- Elizabeth Brooks – Head, Investor Relations
- Alexander Krane – Chief Financial Officer
- Linda Cook – Chief Executive
- Alan Bruce – Executive Vice President, Technical Services
- Michael Zechner – Managing Director, Norway Business Unit
- Martin Rueda – MD, Argentina
- Graeme Davies – Executive Vice President, Carbon Capture & Storage
Conference Call Participants
- Lydia Rainforth – Barclays
- Matt Smith – Bank of America
- Chris Wheaton – Stifel
- Sasikanth Chilukuru – Morgan Stanley
- Werner Riding – Peel Hunt
- Mark Wilson – Jefferies
During the call, Harbour Energy discussed its financial performance for the year ended December 31, 2024, as well as its plans for future business developments. The company reported strong earnings, with revenue up by 15% compared to the previous year.
Harbour Energy also announced its plans to expand its business in Norway and Argentina, with the aim of increasing production and reducing carbon emissions. The company’s Managing Director of Norway Business Unit, Michael Zechner, shared details about ongoing projects and future investments in the country. Similarly, Martin Rueda, MD of Argentina, discussed the potential for growth in the Argentine oil and gas sector.
Graeme Davies, Executive Vice President of Carbon Capture & Storage, updated investors on Harbour Energy’s progress in this area, highlighting the company’s commitment to reducing its carbon footprint and contributing to a more sustainable energy future.
Impacts on Individuals
The strong financial performance and expansion plans of Harbour Energy may have positive impacts on individuals in several ways. For investors, the company’s growth and success could lead to increased stock value and potential returns. Additionally, the expansion of Harbour Energy’s business in Norway and Argentina could create job opportunities for local residents and contribute to economic growth in those countries.
Impacts on the World
Harbour Energy’s commitment to reducing carbon emissions and investing in carbon capture and storage technology is an important step towards addressing climate change and transitioning to a more sustainable energy future. As the world continues to grapple with the challenges of reducing greenhouse gas emissions, companies like Harbour Energy that prioritize this issue can play a crucial role in driving progress.
Furthermore, Harbour Energy’s expansion plans in Norway and Argentina could contribute to the global energy supply, helping to meet the world’s increasing demand for oil and gas while also reducing the carbon intensity of those industries through the use of advanced technologies and practices.
Conclusion
Harbour Energy’s Q4 2024 earnings call provided valuable insights into the company’s financial performance and future business plans. With strong earnings and expansion plans in Norway and Argentina, Harbour Energy is poised for continued growth. Moreover, the company’s commitment to reducing carbon emissions and investing in carbon capture and storage technology is an important contribution to the global effort to address climate change and transition to a more sustainable energy future.
Individuals may benefit from Harbour Energy’s success as investors, while the expansion of the company’s business in Norway and Argentina could create job opportunities and contribute to economic growth in those countries. On a larger scale, Harbour Energy’s commitment to reducing carbon emissions and investing in carbon capture and storage technology can help drive progress towards a more sustainable energy future for the world.
