Business description: Var Energi

Vår Energi ASA specializes in the exploration and production of oil and natural gas on the Norwegian Continental Shelf (NCS). Net sales break down by activity as follows:

- sale of crude oil (55.5%);

- sale of natural gas (41.3%);

- sale of liquefied natural gas (3.2%).

At the end of 2023, the group operated 47 oil fields.

Number of employees: 1,400

Sales by Activity: Var Energi

Fiscal Period: December20192020202120222023

Oil & Gas - Exploration & Production

24.87B 26.95B 6.04B 9.78B 6.82B
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Geographical breakdown of sales: Var Energi

Fiscal Period: December20192020202120222023

Unallocated

- 1.62B - - -

EU

21.24B 25.23B 5.92B 9.46B -

Norway

3.63B 101M 123M 323M -
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Managers: Var Energi

Director TitleAgeSince
Chief Executive Officer 63 2023-09-04
Chief Executive Officer 51 2021-05-31
Investor Relations Contact - 2021-12-31
Human Resources Officer 58 2022-10-31
Corporate Officer/Principal 45 2022-10-31
See VAR ENERGI governance

Members of the board: Var Energi

Manager TitleAgeSince
Chairman 69 2022-01-25
Director/Board Member 64 2022-01-25
Director/Board Member 56 2020-09-10
Director/Board Member 55 2021-12-09
Director/Board Member 69 2022-01-25
Director/Board Member 62 2020-03-25
Director/Board Member 59 2022-05-03
Director/Board Member 47 2024-05-06
Composition of the Board of Directors

Shareholders: Var Energi

NameEquities%Valuation
ENI S.P.A
63.04 %
1,573,713,749 63.04 % 4 842 M kr
Folketrygdfondet
3.084 %
76,989,715 3.084 % 237 M kr
46,947,876 1.881 % 144 M kr
Alfred Berg Kapitalforvaltning AS
1.477 %
36,871,622 1.477 % 113 M kr
ODIN Forvaltning AS
1.058 %
26,416,068 1.058 % 81 M kr
List of VAR ENERGI shareholders

Company details: Var Energi

Vår Energi ASA

Vestre Svanholmen 1

4313, Sandnes

+

http://www.varenergi.no
address Var Energi(VAR)

Oil Exploration & Production - Offshore

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Change 5d. change 1-year change 3-years change Capi.($)
+0.49%+0.76%+9.55% - 7.76B
+5.37%+5.90%+4.93%-11.11% 4.2B
-0.33%+39.09%+146.01%+214.74% 2.72B
+0.56%+2.32%+5.02%+7.64% 2.3B
+0.44%+6.00%+46.53%+169.82% 1.66B
-0.60%+14.44%+112.37%+1,598.97% 621M
-1.40%-0.96%+38.25%-48.58% 594M
+4.11%+6.29%+63.15%+126.89% 317M
-0.32%-2.37%-16.05%-35.36% 177M
Average +0.92%+7.54%+45.53%+252.88% 2.26B
Weighted average by Cap. +1.35%+7.88%+33.93%+145.78%
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Trading Rating
Investor Rating
ESG MSCI
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
3.109USD
Average target price
3.726USD
Spread / Average Target
+19.84%
Consensus

Quarterly revenue - Rate of surprise