Var Energi Overview
- Status
-
Public
- Employees
-
1,400
- Stock Symbol
-
VARo
- Investments
-
5
- Share Price
-
$3.14
- (As of Friday Closing)
Var Energi General Information
Description
Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.
Contact Information
Website
www.varenergi.noCorporate Office
- Vestre Svanholmen 1
- 4313 Sandnes
- Norway
Corporate Office
- Vestre Svanholmen 1
- 4313 Sandnes
- Norway
Var Energi Timeline
Var Energi Stock Performance
As of 21-Mar-2025, Var Energi’s stock price is $3.14. Its current market cap is $7.83B with 2.5B shares.
(As of Friday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $3.14 | $3.11 | $2.65 - $3.64 | $7.83B | 2.5B | 134K | $0.11 |
Var Energi Financials Summary
As of 31-Dec-2024, Var Energi has a trailing 12-month revenue of $7.37B.
|
In Thousands, USD |
TTM 31-Dec-2024 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 |
|---|---|---|---|---|
| EV | 12,729,101 | 12,729,101 | 10,995,127 | 10,209,308 |
| Revenue | 7,372,336 | 7,372,336 | 6,815,966 | 9,780,543 |
| EBITDA | 5,200,772 | 5,200,772 | 4,772,554 | 7,302,455 |
| Net Income | 327,108 | 327,108 | 610,229 | 936,402 |
| Total Assets | 21,868,164 | 21,868,164 | 19,289,199 | 18,797,288 |
| Total Debt | 5,294,027 | 5,294,027 | 3,263,510 | 3,165,235 |
Var Energi Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Var Energi Comparisons
Industry
Financing
Details
Var Energi Competitors (1)
One of Var Energi’s competitors is Aker BP, a Formerly PE-Backed company based in Lysaker, Norway.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Aker BP | Formerly PE-Backed | Lysaker, Norway |
Var Energi Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Var Energi Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Var Energi Investments & Acquisitions (5)
Var Energi’s most recent deal was a Merger/Acquisition with Neptune Energy for . The deal was made on 31-Jan-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Neptune Energy | 31-Jan-2024 | Merger/Acquisition | Energy Exploration | ||
| Feistein CCS | 11-Jul-2023 | Merger/Acquisition | Energy Storage | ||
| Hywind Tampen | 30-Sep-2022 | Joint Venture | Energy Production | ||
| ExxonMobil (Upstream Assets in Norway) | 10-Dec-2019 | Buyout/LBO | Other Energy | ||
| Point Resources | 10-Dec-2018 | Merger/Acquisition | Energy Exploration |
Var Energi ESG
Risk Overview
Risk Rating
Updated December, 28, 2024
27.88 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 14,946
Rank
Percentile
Oil & Gas Producers
Industry
of 294
Rank
Percentile
Oil & Gas Exploration and Production
Subindustry
of 154
Rank
Percentile
Var Energi Affiliates
Subsidiaries (2)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Feistein CCS | Stavanger, Norway | 2022 | |
| Var Energi (Balder and Ringhorne fields) | Norway |
Var Energi FAQs
-
Where is Var Energi headquartered?
Var Energi is headquartered in Sandnes, Norway.
-
What is the size of Var Energi?
Var Energi has 1,400 total employees.
-
What industry is Var Energi in?
Var Energi’s primary industry is Energy Exploration.
-
Is Var Energi a private or public company?
Var Energi is a Public company.
-
What is Var Energi’s stock symbol?
The ticker symbol for Var Energi is VARo.
-
What is the current stock price of Var Energi?
As of 21-Mar-2025 the stock price of Var Energi is $3.14.
-
What is the current market cap of Var Energi?
The current market capitalization of Var Energi is $7.83B.
-
What is Var Energi’s current revenue?
The trailing twelve month revenue for Var Energi is $7.37B.
-
Who are Var Energi’s competitors?
Aker BP is a competitor of Var Energi.
-
What is Var Energi’s annual earnings per share (EPS)?
Var Energi’s EPS for 12 months was $0.11.
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