Total Q2 revenue rose 4.4% to $1.24B, but total expenses jumped 47.4% to $1.4B.
Total netbacks fell to $27.18/boe from $28.44/boe in Q1, weighed by higher operating costs in the U.K. and Norway.
Production from ongoing operations in its core regions rose 12% to 300K boe, with core region liquids production up 20% to 115K boe.
Realized natural gas prices in North America rose 11% Y/Y but fell 11% Q/Q.
Says proceeds from asset sales will continue to cut corporate debt to help maintain a strong balance sheet, as it works to reduce its exposure to the North Sea and other non-core areas.