Norway’s top 10 companies, including Equinor, Yara International, and Norsk Hydro, generate a combined revenue of $129 billion. These companies span industries such as energy, chemicals, telecommunications, and construction, contributing to Norway’s economic growth and global presence. Explore the diverse range of products and services offered by these industry leaders.
1. Equinor
Industry: energy
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $119,200 Millions
Stock symbol: EQNR
Equinor, founded in 1972, is headquartered in Stavanger, Norway. It operates in more than 30 countries worldwide. Equinor is primarily engaged in the exploration, production, and distribution of oil, gas, and renewable energy. The company offers a wide range of products and services related to energy, including petroleum, natural gas, wind power, and carbon capture and storage. Equinor is known for its commitment to sustainability and has brands such as Equinor, Statoil, and Hywind. In 2024, Equinor further expanded its offshore wind portfolio and strengthened its investments in green hydrogen projects across Europe.
2. Yara International
Industry: chemicals
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $18,900 Millions
Stock symbol: YAR.OL
Yara International is headquartered in Oslo, Norway and was founded in 1905. It operates in more than 60 countries worldwide. The company’s main activities include the production and distribution of fertilizers, industrial products, and environmental solutions. Yara International is known for its leading brands in the agricultural industry, providing innovative products and services to support sustainable farming practices. In 2024, Yara increased its focus on digital farming solutions and green ammonia production to support decarbonization in agriculture.
3. Norsk Hydro
Industry: basic materials
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $18,100 Millions
Stock symbol: NHY.OL
Norsk Hydro is a Norwegian company headquartered in Oslo, founded in 1905. It operates in multiple countries, with operations in over 40 countries worldwide. The company is primarily engaged in the production and distribution of aluminum and renewable energy. It offers a wide range of products and services, including extruded aluminum solutions, rolled products, and energy solutions. Norsk Hydro is also known for its well-established brands, such as Hydro, CIRCAL, and REDUXA. In 2024, Norsk Hydro advanced its sustainability initiatives by increasing recycled aluminum production and investing in battery technology.
4. Telenor
Industry: telecommunications
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $10,900 Millions
Stock symbol: TEL.OL
Telenor is a telecommunications company headquartered in Oslo, Norway, founded in 1855. It operates in 9 countries, including Norway, Sweden, Denmark, and Thailand. Telenor provides mobile and fixed-line telephony, broadband, and television services. It also offers digital services and solutions for businesses. Some of its well-known brands include Telenor, Djuice, and Grameenphone. In 2024, Telenor expanded its 5G network and strengthened its cybersecurity services for enterprise customers.
5. Aker BP
Industry: energy
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $9,800 Millions
Stock symbol: AKRBP.OL
Aker BP is a Norwegian oil company headquartered in Fornebu, Norway. It was founded in 2001. The company operates in Norway and has operations in several other countries. Aker BP is primarily engaged in the exploration, development, and production of oil and gas resources. They offer a range of products and services related to the oil and gas industry. Aker BP is known for its strong portfolio of brands and its commitment to sustainable and responsible operations. In 2024, Aker BP made significant investments in digital oilfield technologies and low-carbon solutions.
6. DNB
Industry: financial services
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $7,300 Millions
Stock symbol: DNB.OL
DNB is a financial institution headquartered in Oslo, Norway, founded in 1822. It operates in multiple countries, with a presence in over 20 countries worldwide. DNB’s main activities include banking, insurance, and asset management services. They offer a wide range of products and services, catering to both individual and corporate clients. DNB is known for its strong brand presence and is one of the largest financial institutions in Norway. In 2024, DNB accelerated its digital transformation and expanded its sustainable finance offerings.
7. Orkla
Industry: consumer goods
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $5,700 Millions
Stock symbol: ORKLF
Orkla is a multinational company with its headquarters in Oslo, Norway. It was founded in 1654, making it one of the oldest companies in the world. Orkla operates in multiple countries, with a presence in over 40 countries worldwide. The company is primarily engaged in the production and distribution of branded consumer goods, including food, snacks, beverages, and personal care products. Some of its well-known brands include Orkla Foods, Orkla Confectionery & Snacks, and Orkla Care. In 2024, Orkla expanded its plant-based food portfolio and increased investments in sustainable packaging.
8. Mowi
Industry: food and beverage
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $5,200 Millions
Stock symbol: MNHVF
Mowi, headquartered in Bergen, Norway, was founded in 1964. It operates in over 25 countries worldwide. The company’s main activities revolve around the production and distribution of seafood, particularly salmon. Mowi offers a wide range of products and services related to aquaculture, including fish farming, processing, and sales. It is known for its high-quality seafood products and is recognized under the Mowi brand. In 2024, Mowi continued to invest in sustainable aquaculture technology and expanded its value-added product lines.
9. Elkem
Industry: chemicals
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $4,200 Millions
Stock symbol: ELK.OL
Elkem is a multinational company with its headquarters in Oslo, Norway. It was founded in 1904. The company operates in multiple countries, with a presence in over 40 countries worldwide. Elkem is primarily engaged in the production and distribution of silicones, silicon, and carbon-based materials. They offer a wide range of products and services, including specialty chemicals, silicone elastomers, and carbon materials. Elkem is known for its various brands, such as Silgrain, Silcolapse, and Elkem Foundry Products. In 2024, Elkem invested in expanding its battery materials segment and enhancing its circular economy initiatives.
10. Veidekke
Industry: construction
Revenue (2024: Q1; 2023: Q2, Q3, Q4): $3,900 Millions
Stock symbol: VEI.OL
Veidekke is a construction company headquartered in Oslo, Norway, founded in 1936. It operates in multiple countries, with a presence in Sweden, Denmark, Finland, and Germany. Veidekke specializes in construction, civil engineering, and property development. They offer a wide range of services, including building residential and commercial properties, infrastructure projects, and renovation. Veidekke is known for its commitment to sustainability and has established itself as a trusted brand in the construction industry. In 2024, Veidekke increased its focus on green building projects and digital construction management tools.
Leave a Reply