About Vår Energi
Vår Energi is a publicly listed company based in Sandnes (Norway) founded in 1965. Vår Energi is engaged in oil and gas production in Norway. It operates on a Direct-to-Consumer (D2C) model. The company has 1,400 employees. Vår Energi has completed 2 acquisitions, including Feistein CCS and Neptune Energy. Its website varenergi.no draws about 27 thousand monthly visits. Vår Energi offers products and services including Oil Production and Gas Production. Its focus areas include Energy, Oil & Gas and Exploration & Production. Its legal entity is Vår Energi ASA.
Company details
Vår Energi is recognized as a leading pure-play exploration and production company focused on oil and gas within the Norwegian Continental Shelf. The company is positioned as the third largest oil and gas producer in Norway, managing interests in approximately 50 of all producing assets. A balanced commodity mix is maintained, with around 30 gas in the portfolio. Operations are conducted across 42 producing fields, targeting a production of 350-400 thousand barrels per day towards 2030. Sustainability is prioritized with an ambition to achieve carbon neutrality in net operational emissions by 2030. The company is committed to safe and responsible practices while delivering reliable energy to Europe.
- Headquarters Sandnes, Norway
- Employees 1,400
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website varenergi.no
- Social LinkedIn Facebook Instagram
- Legal Name Var Energi Asa
- Annual Revenue$8.21 B (USD)4.33as on Dec 31, 2025
- Net Profit$803.64 M (USD)183.95as on Dec 31, 2025
- EBITDA$6.66 B (USD)8.27as on Dec 31, 2025
- Latest Funding Round$6B (USD), Debt – Conventional
Nov 2021
- Investors
- Employee Count1,400
- Investments & AcquisitionsFeistein CCS
& 1 more
Products & Services of Vår Energi
Vår Energi offers a comprehensive portfolio of products and services, including Oil Production and Gas Production.
Oil is extracted and produced from Norwegian fields.
Gas is sourced and supplied from Norwegian assets.
Funding Insights of Vår Energi
- Total Rounds 2
- Last Round Debt – Conventional — $6B
- Investors Count 1
All 2 funding rounds of Vår Energi 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 |
|---|---|---|---|---|---|
| Nov 2021 | $6B | Debt – Conventional | – | – | – |
| Jun 2016 | Unspecified | – | HitecVision | – |
1 investors in total: 1 institutional.
Investors in Vår Energi
Vår Energi has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include HitecVision.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
HitecVision is focused on investments in the European energy sector. | hitecvision.com | Stavanger, Norway |
Investor details for Vår Energi
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People of Vår Energi
170 people are tracked at Vår Energi (33 in leadership, 8 in board & advisors, 129 in team); the tracked headcount is 1,400.
| Name | Role | Group |
|---|---|---|
Thorhild Widvey | Chairman | Leadership |
Ove Gusevik | Board Member | Leadership |
Alexey Mayer Chusov | IT Business Partner Assets | Leadership |
Rune Oldervoll | VP, Operations | Leadership |
Laila Gravdal | Human Resources Business Partner | Leadership |
Ove André Årdal | VP, Commercial | Leadership |
Torger Rød | CEO | Leadership |
Stefano Pujatti | CFO | Leadership |
Nina Knudsen | IT & Digital Business Partner | Leadership |
Atle Rettedal | VP North Sea | Leadership |
Jarle Klungtveit | VP Liquids Sales & Transportation | Leadership |
Astrid Huglen | VP People & Leadership | Leadership |
Inger Johanne Aukland | VP P&c Excellence | Leadership |
Mari Sande Kjønnerød | VP Health Environment | Leadership |
Eva Fagernes | VP Supply Chain Management | Leadership |
Audun Våge | VP Compliance | Leadership |
Thomas Gabrielsen | VP Organisation & Change | Leadership |
Linn Marita Egge | VP Business Plan & Economics | Leadership |
Ida Marie Fjellheim | Head Of Investor Relations | Leadership |
Borghild Kristine Stava | VP IT & Digital Service Delivery | Leadership |
150 more people are available in the full profile.
Complete people profiles for Vår Energi
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IPO & Listings of Vår Energi
Vår Energi is a publicly listed company on the OSL with ticker symbol VAR 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 date16 Feb 2022
- Listed onEuronext: VAR
- Listed entityVar Energi ASA
- Exchange sectorEnergy minerals
- ISINNO0011202772
- Share price54.62 NOK (+0.85% on the day) · 2026-10-14
- Market capitalisation135,205,362,336.00 NOK
- Price to earnings11.5
- EPS (diluted, trailing year)4.75 NOK
- Dividend yield9.15%
- Volume (last session)237,183
Financials of Vår Energi
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 82.72B NOK | 8.10B NOK | 67.15B NOK |
| 2024 | 79.29B NOK | 2.85B NOK | 62.03B NOK |
| 2023 | 72.05B NOK | 6.45B NOK | 58.48B NOK |
| 2022 | 94.10B NOK | 9.01B NOK | 81.61B NOK |
| 2021 | 51.96B NOK | 5.63B NOK | 40.98B NOK |
Detailed financial statements for Vår Energi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Vår Energi
Vår Energi has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Feistein CCS and Neptune Energy.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of carbon capture & storage solutions | 0 | Jul 2023 | •••• | |||
Oil and natural gas production and exploration services are provided. | neptuneenergy.com | London, United Kingdom | 1994 | Jun 2023 | $4.9B |
Complete acquisition details for Vår Energi
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Timeline of Vår Energi
7 dated milestones of Vår Energi across 58 years, from founding to its latest funding, stage changes and deals.
- Founded Vår Energi is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $6.0B.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Neptune Energy.
- Acquisition Acquires Feistein CCS.
- Acquisition Acquires Feistein CCS.
Web traffic of Vår Energi
The website of Vår Energi (varenergi.no) receives about 27.1K visits a month.
- Monthly visits27.1K
▲ 2.9% vs previous month
Websites whose visitors overlap most with Vår Energi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| norskpetroleum.no | 100% | 40.8K | #776,966 | View details | |
| oedigital.com | 82% | #394,093 | View details | ||
| eni.com | 82% | 1.2M | #41,082 | View details | |
| veidekke.no | 50% | #902,590 | View details | ||
| moelven.com | 49% | 79.1K | #389,191 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Vår Energi
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Related news about Vår Energi
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Frequently Asked Questions about Vår Energi
Vår Energi was founded in 1965 and raised its 1st funding round 51 years after it was founded.
Vår Energi is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.
Vår Energi has 1,400 employees.
Annual revenue of Vår Energi is $8.21B as on Dec 31, 2025.
Vår Energi is recognized as a leading pure-play exploration and production company focused on oil and gas within the Norwegian Continental Shelf. The company is positioned as the third largest oil and gas producer in Norway, managing interests in approximately 50 of all producing assets. A balanced commodity mix is maintained, with around 30 gas in the portfolio. Operations are conducted across 42 producing fields, targeting a production of 350-400 thousand barrels per day towards 2030. Sustainability is prioritized with an ambition to achieve carbon neutrality in net operational emissions by 2030. The company is committed to safe and responsible practices while delivering reliable energy to Europe.
Vår Energi offers Oil Production and Gas Production.
Yes, Vår Energi is publicly traded on OSL under the ticker symbol VAR.
Vår Energi has made 2 acquisitions, including Feistein CCS, and Neptune Energy.
Vår Energi has 1 investor. Key investors include HitecVision.
Vår Energi operates through Vår Energi Asa.