Var Energi ASA is a Norwegian energy company formed in 2018 through a merger between Eni Norge and Point Resources. It focuses on exploration, production, and development of oil and gas resources, with operations primarily in the Norwegian Continental Shelf.
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Var Energi ASA Key financial highlights:
- Revenue: Var Energi ASA’s revenue is primarily influenced by oil and gas prices, production levels, and operational efficiency. In previous years, it has reported 6.04 billion U.S. dollars in revenue.
- Profit: The biggest challenge for Var Energi ASA to stay profitable is navigating fluctuations in global energy demand and market prices. Var Energi ASA has historically maintained a considerable net income of 621.6 million U.S. dollars.
- Var Energi ASA’s assets include oil and gas reserves, production facilities, pipelines, and exploration licenses across the Norwegian Continental Shelf.. Var Energi ASA has reported 19.88 billion U.S. dollars in assets.
- Var Energi ASA’s market value in the investment market is determined by factors such as its financial performance, asset portfolio, growth prospects, and prevailing market conditions. Var Energi ASA’s current market value is 11.13 billion U.S. dollars.
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