Ithaca Energy starts CEO search: GBP 4.9 billion values Ithaca Energy stock
Published on 10/18/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLeadership and operating milestones
- Luciano Vasques announced his retirement on October 16, 2026, effective March 31, 2027.
- Ithaca Energy averaged 128,000 barrels of oil equivalent per day in the first half of 2026.
- Ithaca Energy had a GBP 4.9 billion market value on October 16, 2026.
- The next earnings report is scheduled for November 25, 2026.
Ithaca Energy starts a CEO succession process after Luciano Vasques told the board on October 16, 2026, that he plans to retire by March 31, 2027. Offshore Energy reported that the board had already begun searching for a successor.
Succession follows rapid expansion
The leadership change follows a year of expansion for the North Sea producer. On October 5, 2026, Ithaca agreed to acquire offshore Canadian assets from Suncor Energy for USD 860.00 million in upfront cash, with up to USD 250.00 million in contingent payments. Yahoo Finance said completion was expected in the first half of 2027, subject to approvals.
The chronology shows how quickly the operating story has developed. On August 19, 2026, Ithaca reported record second-quarter production of 131,000 barrels of oil equivalent per day and first-half average production of 128,000 barrels per day. On October 5, 2026, it announced the USD 860.00 million Canadian acquisition. On October 16, 2026, Vasques disclosed his planned departure by March 31, 2027. Financial News reported the first-half production and dividend figures.
What comes next for operations?
The immediate test is whether the successor search preserves execution across the enlarged portfolio. Ithaca reaffirmed 2026 production guidance of 120,000 to 130,000 barrels of oil equivalent per day and raised full-year dividend guidance to USD 500.00 million to USD 530.00 million, according to the same September 29, 2026 report from Financial News.
Upcoming reporting date
Investing.com lists November 25, 2026, as the next earnings date. Vasques is due to retire by March 31, 2027, giving the board several months to complete the handover.
Market value and London listing
Ithaca Energy had a market capitalization of GBP 4.9 billion on October 16, 2026. The London Stock Exchange closing price was GBp 298.20 on that date, while the 52-week range was GBp 149.80 to GBp 299.40. The company is listed under ticker ITH on the London Stock Exchange and operates in the energy sector.
The further course of trading is shown by the continuously updated real-time quote of Ithaca Energy stock.
Ithaca Energy stock facts
- Company: Ithaca Energy plc
- ISIN: GB00BPJHV584
- Ticker: ITH
- Primary exchange: London Stock Exchange
- Market capitalization: GBP 4.9 billion (as of October 16, 2026)
- 52-week range: GBp 149.80-GBp 299.40 (as of October 16, 2026)
- Sector / Industry: Energy / Oil and Gas
- Index membership: FTSE 100
- Next earnings date: November 25, 2026
Market context: Market report FTSE 100.
