About DNO
DNO is a company based in Oslo (Norway) founded in 1971 was acquired by Panoro Energy in June 2018. The company has 1,070 employees. DNO has completed 4 acquisitions, including Capricorn, Faroe Petroleum and Origo Exploration.
- Headquarter Oslo, Norway
- Employees 1,070
- Stage Public
- SectorsEnergy & Utilities
- Website dno.no
- Social LinkedIn Facebook
- Acquired by Panoro Energy (Jun 2018)
- Legal Name Dno Asa Class A
- Annual Revenue$1.52 B (USD)113.44as on Dec 31, 2025
- Net Profit-$48.11 M (USD)-66.39as on Dec 31, 2025
- EBITDA$841.34 M (USD)138.25as on Dec 31, 2025
- Latest Funding Round$54M (USD), Grant
Apr 2021
- InvestorsPanoro Energy
& 1 more
- Employee Count1,070
- Investments & AcquisitionsCapricorn
& 3 more
- Acquired byPanoro Energy
(Jun 2018)
Funding Insights of DNO
- Total Rounds 4
- Last Round Grant — $54M
- First Round $123.27M
(Mar 2015)
- Investors Count 1
All 4 funding rounds of DNO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $54M | Grant | – | – | |
| May 2019 | $400M | Debt – Conventional | – | – | – |
| Jun 2018 | – | Post-IPO | – | – | – |
| Mar 2015 | $123.27M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in DNO
DNO has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Panoro Energy and Kurdistan Regional Government.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Public services, infrastructure, and economic initiatives are provided regionally. | 2006 | gov.krd | Erbil, Iraq | |
Oil and gas exploration and production services are provided globally. | 2009 | panoroenergy.com | London, United Kingdom |
Investor details for DNO
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People of DNO
133 people are tracked at DNO (20 in leadership, 5 in board & advisors, 108 in team); the tracked headcount is 1,070.
| Name | Role | Group |
|---|---|---|
Haakon Sandborg | Chief Financial Officer | Leadership |
Justin Wolst | Head Of Compliance | Leadership |
Geir Arne Skau | Human Resources Director | Leadership |
Abby Giljum | Head Of HR | Leadership |
Erling Moen Synnes | Chief Information Officer | Leadership |
Ute Joas Quinn | Group General Counsel, Corporate Secretary & Chief Compliance Officer | Leadership |
Chris Craft | Head Of Business Development And Commercial | Leadership |
Hossein Safaei | Head Of Commercial Middle East | Leadership |
Chris Spencer | Managing Director | Leadership |
Andrew Ryland-Day | Finance Director | Leadership |
Sameh Hanna | General Manager, KRI | Leadership |
Wieske Paulissen | Group Head, Exploration & Subsurface | Leadership |
Wolfgang Leeb | Head Of Development, Kurdistan | Leadership |
Alexander Tuvström | Head Of Cyber Security | Leadership |
Keith Mustard | Chief Drilling Engineer | Leadership |
Baraa Habib | Head Of Production Operations Support | Leadership |
Dirk Kramers | Head Corporate Supply Chain | Leadership |
Peter Sahlström | Chief Supply Chain Officer | Leadership |
Rama Chandran | Sr Production Operator/sr Well Head Penal | Leadership |
Neil McAdie | Head Of Production Laboratories | Leadership |
113 more people are available in the full profile.
Complete people profiles for DNO
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IPO & Listings of DNO
DNO is a publicly listed company on the OSL with ticker symbol DNO in Norway, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Oct 2012
- Listed onNYSE: DNO
- Listed entityDNO ASA Class A
- Exchange sectorEnergy minerals
- ISINNO0003921009
- Share price19.26 NOK (-0.82% on the day) · 2026-10-09
- Market capitalisation18,934,500,074.00 NOK
- Price to earnings26.4
- EPS (diluted, trailing year)0.73 NOK
- Dividend yield7.72%
- Volume (last session)549,867
Financials of DNO
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 15.31B NOK | -484.9M NOK | 8.48B NOK |
| 2024 | 7.17B NOK | -291.4M NOK | 3.56B NOK |
| 2023 | 7.06B NOK | 196.6M NOK | 4.00B NOK |
| 2022 | 13.25B NOK | 3.70B NOK | 9.80B NOK |
| 2021 | 8.63B NOK | 1.75B NOK | 5.32B NOK |
Detailed financial statements for DNO
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Investments & Acquisitions by DNO
DNO has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Capricorn, Faroe Petroleum and Origo Exploration.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Oil and gas exploration and production services are provided globally. | capricornenergy.com | Edinburgh, United Kingdom | 1980 | Sep 2026 | •••• | |
Exploration and development of oil and gas fields are undertaken. | sval-energi.no | Stavanger, Norway | 2011 | Mar 2025 | $1.6B | |
Jute and cotton bags, ribbons, and decorative items are manufactured. | fp.fo | Aberdeen, Scotland | 1997 | Feb 2019 | •••• | |
Exploration and production of oil and gas | origoexploration.com | Stavanger, Norway | 2014 | Jun 2017 | •••• |
Complete acquisition details for DNO
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Timeline of DNO
9 dated milestones of DNO across 55 years, from founding to its latest funding, stage changes and deals.
- Founded DNO is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $123.3M.
- Acquisition Acquires Origo Exploration.
- Exit Acquired by Panoro Energy.
- Acquisition Acquires Faroe Petroleum.
- Funding Latest funding round, Grant, of $54.0M.
- Acquisition Acquires Sval.
- Acquisition Acquires Capricorn.
Web traffic of DNO
The website of DNO (dno.no) receives about 21.6K visits a month.
- Monthly visits21.6K
▲ 13.5% vs previous month
Websites whose visitors overlap most with DNO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| statoil.com | 100% | – | #8,084,162 | View details | |
lundin-petroleum.com | lundin-petroleum.com | 100% | – | – | – |
| tullowoil.com | 91% | 25K | #1,175,766 | View details | |
| chevron.com | 90% | 1M | #71,592 | View details | |
| anadarko.com | 89% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for DNO
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
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Latest news on Dno
Complete news archive for DNO
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to DNO
10 companies that operate in the same segment as DNO (Oil & Gas Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | – | USD 35.69 B | 110,000 | |
MET Group is engaged in energy trading and renewable production. | 2012 | Zug, Zug, Switzerland | USD 58.74 M | USD 33.52 M | – | |
bp is recognized as a global energy company. | 1909 | United States | – | USD 185.5 B | 100,500 | |
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | – | USD 16.73 B | 14,700 | |
Provider of oil & gas downstream services | 1997 | United States | – | USD 13.55 B | 10,680 | |
Energy infrastructure services are provided by Kinder Morgan. | 1997 | United States | – | USD 16.81 B | 10,930 | |
Shell is recognized as a global energy and petrochemical company. | 1907 | London, England, United Kingdom | – | USD 262.93 B | 104,000 | |
Provider of natural gas & oil exploration and transportation services | 1922 | Buenos Aires, Argentina | – | – | – | |
Midstream services for oil and gas are provided. | 1996 | Dallas, Texas, United States | – | USD 85.54 B | 16,250 | |
Integrated petroleum services are provided worldwide by Oxy. | 1920 | Houston, Texas, United States | – | USD 21.56 B | 13,320 |
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Frequently Asked Questions about DNO
DNO was founded in 1971 and raised its 1st funding round 44 years after it was founded.
DNO is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
DNO has 1,070 employees.
Annual revenue of DNO is $1.52B as on Dec 31, 2025.
DNO was established in 1971 as a Norway-based public oil and gas company. Upstream activities are centered on exploration, development, and production in the Middle East-North Africa region and the North Sea. Stakes are maintained in onshore and offshore licenses at various stages in the Kurdistan region of Iraq, Norway, Oman, Somaliland, Tunisia, the United Kingdom, and Yemen. Operations span multiple countries with a focus on hydrocarbon resources.
Yes, DNO is publicly traded on OSL under the ticker symbol DNO.
DNO has made 4 acquisitions, including Capricorn, Faroe Petroleum, and Origo Exploration.
DNO has 2 investors. Key investors include Panoro Energy, and Kurdistan Regional Government.
Yes. DNO was acquired by Panoro Energy in June 2018.