Vår Energi AS (VAR.OL)
Vår Energi AS operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Sandnes, RO, NO. The stock last traded at $51.10, down 4.09% on the session, giving a market capitalisation of $127.57B. Its beta of -0.48 implies it has historically moved less than the broad market.
Vår Energi AS functions as an autonomous enterprise primarily focused on the upstream oil and gas sector, engaging in the exploration, development, and extraction of hydrocarbons. The company directly manages four significant fields on the Norwegian continental shelf—Goliat, Marulk, Balder, and the Ringhorne and Ringhorne East fields—which are situated across the Barents, Norwegian, and North Seas. Additionally, it holds ownership stakes in 32 other active, partner-operated fields within the Norwegian continental shelf. Its reported reserves in this area amount to 1,147 million barrels of oil equivalent. Established in 1965, the company, with its headquarters in Sandnes, Norway, adopted its current name, Vår Energi AS, in December 2018, having previously been known as Eni Norge AS. It operates as a subsidiary of Eni International B.V.
Vår Energi AS is most often compared with the following Energy names: