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 (66.2%);

- sale of natural gas (30.8%);

- sale of liquefied natural gas (3%).

At the end of 2025, the group operated 42 oil fields.

Number of employees: 1,433

Sales by Activity: Var Energi

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Oil & Gas - Exploration & Production

6.04B 9.78B 6.82B 7.37B 7.97B

Geographical breakdown of sales: Var Energi

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

EU

5.92B 9.46B - - -

Norway

123M 323M - - -

Executive Committee: Var Energi

Manager TitleAgeSince
Chief Executive Officer 64 2023-09-04
Director of Finance/CFO 45 2024-11-30
Compliance Officer 51 2024-03-31
Chief Tech/Sci/R&D Officer 59 -
Chief Executive Officer 52 2021-05-31

Composition of the Board of Directors: Var Energi

Director TitleAgeSince
Chairman 70 2022-01-25
Director/Board Member 65 2022-01-25
Director/Board Member 57 2020-09-10
Director/Board Member 56 2021-12-09
Director/Board Member 70 2022-01-25
Director/Board Member 63 2020-03-25
Director/Board Member 60 2022-05-03
Director/Board Member 48 2024-05-06
Director/Board Member 47 2024-05-06
Director/Board Member 45 2024-05-06

Shareholders: Var Energi

NameEquities%Valuation
63.04 %
1,573,713,749 63.04 % 8 165 M kr
Folketrygdfondet
3.518 %
87,816,954 3.518 % 456 M kr
0.706 %
17,623,590 0.706 % 91 M kr
Storebrand Asset Management AS
0.3575 %
8,924,842 0.3575 % 46 M kr
ODIN Forvaltning AS
0.3405 %
8,500,000 0.3405 % 44 M kr

Company details: Var Energi

Vår Energi ASA

Vestre Svanholmen 1

4313, Sandnes

+

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

Oil Exploration & Production - Offshore

Change 5d. change 1-year change 3-years change Capi.($)
+1.34%-2.47%+50.34%+73.39% 11.57B
+0.19%+0.19%+80.03%+57.18% 8.32B
+2.43%+0.96%-0.12%-31.93% 2.06B
-1.38%-0.48%+0.62%+86.45% 1.99B
+3.61%+10.34%-27.35%+38.86% 2B
+1.38%+2.21%+151.71%+107.14% 1.84B
+0.09%-10.77%+70.26%+376.73% 908M
-3.73%+0.51%+18.69%+112.94% 464M
+0.66%-5.35%+127.82%+23.86% 421M
-6.45%-3.33%+673.33%+246.27% 314M
Average -0.54%-0.76%+114.53%+109.09% 2.99B
Weighted average by Cap. +0.62%-2.85%+60.62%+73.21%
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
4.685USD
Average target price
5.029USD
Spread / Average Target
+7.34%

Quarterly revenue - Rate of surprise