In this piece, we will take a look at the five biggest Norwegian companies by market cap. For more companies, head on over to 20 Biggest Norwegian Companies by Market Cap.
5. Telenor ASA (OSE:TEL.OL)
Market Capitalization as of December 28, 2022: $12.73 billion
Telenor ASA (OSE:TEL.OL) is Norway’s state owned telecommunications carrier that is based in Fornebu. The firm is also one of the oldest companies in the world, after being set up in 1855. It offers a wide variety of services such as mobile, fixed line, broadband, cable, and others. It is also the country’s largest carrier and has a global presence through operations in Denmark, Sweden, Finland, Bangladesh, and Pakistan among other countries. It is also a strong player in the machine to machine (M2M) market.
4. Norsk Hydro ASA (OSE:NHY.OL)
Market Capitalization as of December 28, 2022: $14.96 billion
Norsk Hydro ASA (OSE:NHY.OL) is an aluminum and energy company that is based in Oslo. The firm has operations in its home country, Germany, Brazil, Qatar, and the U.S. It also produced renewable energy through wind, solar, and hydrogen plants. It is also Norway’s largest producer of hydroelectric power. Additionally, it also sources renewable energy for its aluminum production plants in Norway.
3. Aker BP ASA (OSE:AKRBP.OL)
Market Capitalization as of December 28, 2022: $19.4 billion
Aker BP ASA (OSE:AKRBP.OL) is an oil exploration company that is a subsidiary of Aker SA. The firm explores and produces oil on the Norwegian continental shelf. It is a relatively younger company that was set up in 2001 and is headquartered in Fornebu. Additionally, petro giant BP p.l.c. (NYSE:BP) also has a minority stake in Aker BP ASA (OSE:AKRBP.OL). It has dozens of projects, and by the end of 2021, Aker BP ASA (OSE:AKRBP.OL)’s estimated and total proved oil reserves were equal to 802 million barrels of oil equivalents.
2. DNB Bank ASA (OSE:DNB.OL)
Market Capitalization as of December 28, 2022: $30.2 billion
DNB Bank ASA (OSE:DNB.OL) is a government owned bank that is also the largest in its home country. The firm was set up in 1822 and is headquartered in Oslo. While its largest shareholder is the Norwegian trade ministry, DNB Bank ASA (OSE:DNB.OL) is structured to also allow its customers to hold a stake in the bank. Additionally, DNB Bank ASA (OSE:DNB.OL) is known for its strong presence in the global freight shipping market. Naturally, this also lends it an international presence, with the bank having operations in the U.S., China, Singapore, Chile, Brazil, Germany, and Finland along with other countries.
1. Equinor ASA (NYSE:EQNR)
Market Capitalization as of December 28, 2022: $113 billion
Equinor ASA (NYSE:EQNR) is a state owned oil exploration company. It was set up in 1972 and is based in Stavanger. The firm is the largest oil producer on the Norwegian continental shelf, and it has oil and gas fields in a host of different countries such as the U.S., China, Libya, Russia, Venezuela, and Nigeria. Additionally, Equinor ASA (NYSE:EQNR) also operates wind farms in Scotland. As of 2021 end, it had proven oil and gas reserves of 5.3 billion of oil equivalent, when it also raked in $90 billion in revenue.
17 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had bought Equinor ASA (NYSE:EQNR)’s shares.
Equinor ASA (NYSE:EQNR)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 9.9 million shares that are worth $329 million.
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Disclosure: None. You can also take a peek at Agriculture Stocks List: 25 Biggest Companies and 20 Largest Hotel Chains in the World.
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