Vår Energi AS

Oslo Stock Exchange VAR.OL

Vår Energi AS Net Income Margin for the year ending December 31, 2023: 8.95%

Vår Energi AS Net Income Margin is 8.95% for the year ending December 31, 2023, a -6.49% change year over year. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.

Vår Energi AS Net Income Margin for the year ending December 31, 2022 was 9.57%, a -11.58% change year over year.
Vår Energi AS Net Income Margin for the year ending December 31, 2021 was 10.83%, a 119.10% change year over year.
Vår Energi AS Net Income Margin for the year ending December 31, 2020 was -56.70%, a -2,139.66% change year over year.
Vår Energi AS Net Income Margin for the year ending December 31, 2019 was 2.78%.

Key data

Date	Net Income Margin	EBITDA Margin	EBIT Margin	EBITDA

Oslo Stock Exchange: VAR.OL

Vår Energi AS

CEO	Mr. Nicholas John Robert Walker
IPO Date	Feb. 16, 2022
Location	Norway
Headquarters	Vestre Svanholmen 1
Employees	1,400
Sector	Energy
Industries Oil & Gas Biofuel Drilling Gas Offshore Drilling Oil Sands Petrochemicals

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.

Key trends

Past 5 years