Revenue distribution by industry:

• Oil and gas production: 100% (2025)

TOP 3 markets and their percentage shares:

• Norway: 60%
• United Kingdom: 25%
• European Union (excluding Norway and UK): 15%

Vår Energi ASA is a Norwegian company specializing in the exploration and production of oil and gas. The majority of revenues come from oil and gas production, as this is the company's core business.

Norway remains the largest market for Vår Energi, as the company has its main production facilities here. The United Kingdom and the European Union are also significant markets, as they are important buyers of Norwegian oil and gas. The percentage shares reflect the geographical proximity and trade relationships.

Production Sites: Norway (North Sea, Norwegian Sea, Barents Sea)

Vår Energi ASA is a Norwegian energy company mainly engaged in the exploration and production of oil and gas. The company's main production sites are located in the North Sea, Norwegian Sea, and Barents Sea. These regions are known for their rich oil and gas reserves and play a central role in Norwegian energy production.

The company utilizes modern technologies and methods to maximize the efficiency and sustainability of its extraction activities. Vår Energi ASA aims to further expand its production capacities while minimizing environmental impacts.

Current production capacity: 247,000 barrels of oil equivalent per day (2023)
Planned investments: 10 billion USD by 2025

Vår Energi ASA is pursuing a growth strategy based on increasing production capacity and diversifying energy sources. The company plans to increase its production capacity through strategic investments in existing and new projects.

An essential part of the strategy is the development of offshore projects in the North Sea, which are intended to enable a significant increase in production volumes. In addition, Vår Energi is investing in the development of new fields to expand the reserve base.

In addition to traditional oil and gas production, the company is also focusing on sustainability and reducing CO2 emissions. This includes investments in emission reduction technologies and exploring opportunities in the field of renewable energies.

Main raw materials: Oil and natural gas
Import countries: No significant imports, as Vår Energi ASA mainly produces in Norway

Vår Energi ASA is a leading energy company in Norway that focuses on the exploration and production of oil and natural gas. The company primarily operates on the Norwegian continental shelf and is able to source its raw materials locally without relying on imports.

Since Vår Energi ASA operates in a region rich in natural resources, the company does not import significant raw materials for its main activities. The Norwegian offshore industry is well developed and provides the necessary infrastructure and resources to support production.

Market share in Norway: 20% (estimated, 2025)
Production growth: 5% (2024)
R&D investments: 150 million USD (2024)

Vår Energi ASA has a significant competitive advantage in the Norwegian oil and gas industry, especially due to its strong market position and strategic partnerships. With an estimated market share of 20% in Norway, the company is one of the leading players in the sector.

The production growth of 5% in 2024 shows that Vår Energi was able to successfully increase its production capacity, attributed to efficient operations and technological innovations. The research and development investments amounting to 150 million USD in 2024 underscore the company's commitment to further strengthen its competitiveness through technological advancements and sustainable practices.

Additionally, Vår Energi benefits from its geographical location and extensive resources in the North Sea, providing access to high-quality reserves and a strategic position in the European energy market.

Institutional Investor Share: 70% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last quarter (2025)

The institutional investor share in Vår Energi ASA is estimated to be around 70%. This demonstrates the confidence of large institutional investors in the company's long-term stability and growth potential.

There were no significant insider transactions in the last quarter, indicating a stable internal assessment of the company's development. Insider buys or sells are often seen as indicators of management's confidence in the company's future performance.

Market share of Vår Energi ASA: Estimated around 5% (2025)

Main competitors and their market shares:

1. Equinor ASA: around 30%
2. Aker BP ASA: around 15%
3. Lundin Energy: around 10%
4. DNO ASA: around 8%
5. Wintershall Dea: around 7%
6. Vår Energi ASA: around 5%
7. Neptune Energy: around 4%
8. OMV Norge: around 3%
9. Spirit Energy: around 2%
10. ConocoPhillips Norge: around 2%

Moat of Vår Energi ASA:

Vår Energi ASA has a moderate moat, mainly due to its strategic partnerships and its position in the Barents Sea. The company benefits from a solid infrastructure and an experienced workforce, allowing it to operate efficiently.

In comparison to competitors, Equinor ASA has a significantly stronger moat, driven by its dominant market position, extensive resources, and technological leadership. Aker BP ASA and Lundin Energy also have strong moats supported by their innovative exploration and production methods as well as strategic alliances.

While Vår Energi ASA is able to operate successfully in certain niche markets, larger competitors are often better positioned to benefit from market developments due to their larger resource base and global presence.

Revenue Growth: 8.2% (2024) Profit Growth: 10.5% (2024) Oil and Gas Production: 246,000 barrels of oil equivalent per day (2024)

Vår Energi ASA recorded solid revenue growth of 8.2% in 2024, attributed to stable demand for oil and gas as well as efficient production increases. The profit growth of 10.5% during the same period indicates that the company was able to effectively manage its costs and benefit from market conditions.

The company's oil and gas production stands at 246,000 barrels of oil equivalent per day, reflecting strong operational performance. This production capacity positions Vår Energi well to benefit from potential price increases in energy markets.

Overall, Vår Energi's financial and operational performance suggests that the company is well positioned to overcome future challenges and seize opportunities. However, investors should also consider external factors such as geopolitical risks and fluctuations in commodity prices before making an investment decision.

Dividend Yield: 8.5% (2025, estimated)

Dividend History: Regular payouts since IPO

Vår Energi ASA has offered an attractive dividend yield in recent years, estimated to be around 8.5% in 2025. The company has regularly distributed dividends since its IPO, indicating a reliable payout policy.

Vår Energi's financial stability is supported by solid revenues from oil and gas production, strengthening its ability to pay dividends. Analysts view the company's dividend policy as sustainable, as long as commodity prices remain stable and production costs are controlled.