Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Energi AS is a subsidiary of Eni International B.V.
Revenue of Vår Energi AS (VAR.OL)
Revenue in 2023 (TTM): $620.87 M
According to Vår Energi AS's latest financial reports the company's current revenue (TTM) is $620.87 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Vår Energi AS
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $620.87 M | $528.95 M | $482.54 M | $305.78 M | $55.59 M |
| 2022 | $890.91 M | $654.89 M | $724.96 M | $533.41 M | $85.3 M |
| 2021 | $550.49 M | $291.29 M | $405.67 M | $241.09 M | $59.61 M |
| 2020 | $261.3 M | $165 M | $-30,165,540 | $-200,762,682 | $-148,169,149 |
| 2019 | $256.97 M | $170.57 M | $153.27 M | $41.12 M | $7.14 M |