Company Vår Energi AS OTC Markets
Stocks
VARR.Y
US92212W1009
Oil & Gas Exploration and Production
Business description: Vår Energi AS
- sale of crude oil (66.2%);
- sale of natural gas (30.8%);
- sale of liquefied natural gas (3%).
At the end of 2025, the group operated 42 oil fields.
Number of employees: 1,433
Sales by Activity: Vår Energi AS
| Fiscal Period: December | 2021 (USD) | 2022 (USD) | 2023 (USD) | 2024 (USD) | 2025 (USD) |
|---|---|---|---|---|---|
Oil & Gas - Exploration & Production | 6.04B | 9.78B | 6.82B | 7.37B | 7.97B |
Geographical breakdown of sales: Vår Energi AS
| Fiscal Period: December | 2021 (USD) | 2022 (USD) | 2023 (USD) | 2024 (USD) | 2025 (USD) |
|---|---|---|---|---|---|
EU | 5.92B | 9.46B | - | - | - |
Norway | 123M | 323M | - | - | - |
Executive Committee: Vår Energi AS
| Manager | Title | Age | Since |
|---|---|---|---|
Nicholas Walker
CEO | Chief Executive Officer | 64 | 2023-09-04 |
Carlo Santopadre
DFI | Director of Finance/CFO | 45 | 2024-11-30 |
| Compliance Officer | 51 | 2024-03-31 | |
Tone Rognstad
CTO | Chief Tech/Sci/R&D Officer | 59 | - |
Torger Rød
CEO | Chief Executive Officer | 52 | 2021-05-31 |
Composition of the Board of Directors: Vår Energi AS
| Director | Title | Age | Since |
|---|---|---|---|
Thorhild Widvey
CHM | Chairman | 70 | 2022-01-25 |
| Director/Board Member | 65 | 2022-01-25 | |
Francesco Gattei
BRD | Director/Board Member | 57 | 2020-09-10 |
Guido Brusco
BRD | Director/Board Member | 56 | 2021-12-09 |
| Director/Board Member | 71 | 2022-01-25 | |
Jan Inge Nesheim
BRD | Director/Board Member | 63 | 2020-03-25 |
| Director/Board Member | 60 | 2022-05-03 | |
| Director/Board Member | 48 | 2024-05-06 | |
Claudia Almadori
BRD | Director/Board Member | 47 | 2024-05-06 |
| Director/Board Member | 45 | 2024-05-06 |
Company details: Vår Energi AS
Oil Exploration & Production - Offshore
| Change | 5-day change | 1-year change | 3-year change | Capi.($) | ||
|---|---|---|---|---|---|---|
 | -3.66% | +2.33% | +47.06% | +58.30% | 13.79B | |
| +2.34% | +3.33% | +105.81% | +128.05% | 11.57B | |
| -0.70% | +1.84% | -17.25% | -31.17% | 1.97B | |
| +0.86% | +4.34% | -9.96% | +34.03% | 1.72B | |
| +0.72% | +4.93% | +59.92% | +83.53% | 1.58B | |
| -0.23% | +5.90% | +58.98% | +487.44% | 1.01B | |
| -0.89% | +19.88% | -81.71% | -52.03% | 973M | |
| -1.87% | +4.23% | +122.63% | -1.57% | 447M | |
| -0.53% | +0.54% | +484.38% | +163.38% | 239M | |
| Average | -0.50% | +6.90% | +85.54% | +96.66% | 3.7B | |
| Weighted average by Cap. | -0.76% | +5.91% | +62.08% | +86.96% |
Sector
Trader
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
