Vår Energi AS

Oslo Stock Exchange:VAR.OL

Sector

⚡️ Energy

Industries

⛽ Oil & Gas

🛠 Drilling

💨 Gas

🛢 Offshore Drilling

Location

Norway

Market Cap

USD 8.23 B

Share Price

USD 3.24

Avg Daily Volume

5,472,004

Change (1 day)

-2.26%

Change (1 year)

-4.33%

Change (YTD)

4.17%

Vår Energi AS Free Cash Flow for the year ending December 31, 2024: USD 466.69 M

Vår Energi AS Free Cash Flow is USD 466.69 M for the year ending December 31, 2024, a -40.11% change year over year. Free cash flow is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Vår Energi AS Free Cash Flow for the year ending December 31, 2023 was USD 779.24 M, a -74.77% change year over year.
Vår Energi AS Free Cash Flow for the year ending December 31, 2022 was USD 3.09 B, a 54.82% change year over year.
Vår Energi AS Free Cash Flow for the year ending December 31, 2021 was USD 1.99 B, a -3,033.94% change year over year.
Vår Energi AS Free Cash Flow for the year ending December 31, 2020 was USD -68.00 M, a -131.26% change year over year.

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Key data

Date	Free Cash Flow	Operating Cash Flow	Capital Expenditure	Net Cash Used For Investing Activities

Oslo Stock Exchange: VAR.OL

Vår Energi AS

CEO	Mr. Nicholas John Robert Walker B.Sc.
IPO Date	Feb. 16, 2022
Location	Norway
Headquarters	Vestre Svanholmen 1
Employees	1,400
Sector	⚡️ Energy
Industries Oil & Gas 🛠 Drilling 💨 Gas 🛢 Offshore Drilling

Description

Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Energi AS is a subsidiary of Eni International B.V.