WHITSON AS
whitson - petroleum engineering software
Petroleum engineering software, training and consulting: DCA, PVT, bottomhole pressure calculations, flowing material balance, RTA and nodal.
Organization
- CEO
- ML
- Chairman of the board
- ML
- Years since formation
- 30 years
- since Feb 19, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 21
Ownership
- Number of shares and share classes
- 110,000
- 2 share classes
- Total number of shareholders
- 22
- 7 companies, 15 persons
Financials
- Total operating income 2024
- 97,135,656
- NOK
- Annual total result 2024
- 48,078,770
- NOK
- Total equity 2024
- 31,721,420
- NOK
Last update: Sep 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
ML | Managing Director/CEO | 18.18 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
CH | Board Member | 4.55 % indirectly |
ML | Chairman | 18.18 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
ML | Managing Director/CEO, Chairman | 18.18 % indirectly |
MM | - | 14.55 % indirectly |
MH | - | 9.09 % indirectly |
CH | Board Member | 4.55 % indirectly |
GØ | - | 4.55 % indirectly |
| - | 2.55 % directly | |
KS 1967 | - | 2.55 % indirectly |
| - | 2.55 % directly | |
HL 1998 | - | 2.55 % directly |
SM 1993 | - | 2.55 % directly |
Last update: Aug 13, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Class B shares | 28,000 | 25.45 % | |
| Class B shares | 20,000 | 18.18 % | |
| Class B shares | 16,000 | 14.55 % | |
| A-shares | 10,000 | 9.09 % | |
| Class B shares | 10,000 | 9.09 % | |
HL 1998 | Class B shares | 2,800 | 2.55 % |
| Class B shares | 2,800 | 2.55 % | |
| Class B shares | 2,800 | 2.55 % | |
MH | Class B shares | 2,800 | 2.55 % |
AA | Class B shares | 2,800 | 2.55 % |
| Class B shares | 2,800 | 2.55 % | |
SM 1993 | Class B shares | 2,800 | 2.55 % |
| Class B shares | 1,000 | 0.91 % | |
| Class B shares | 1,000 | 0.91 % | |
| Class B shares | 1,000 | 0.91 % | |
HB 2002 | Class B shares | 1,000 | 0.91 % |
| Class B shares | 700 | 0.64 % | |
| Class B shares | 600 | 0.55 % | |
| Class B shares | 400 | 0.36 % | |
HJ | Class B shares | 300 | 0.27 % |
| Class B shares | 200 | 0.18 % | |
AW 1984 | Class B shares | 200 | 0.18 % |
Shares owned by the WHITSON AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Class B shares | 1,000 | 0.91 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 97,135,656 | 49,222,617 | 35,024,821 | 16,345,099 |
Annual Total Result | 48,078,770 | 16,580,693 | 14,672,647 | 1,380,040 |
Total assets | 97,434,292 | 42,976,123 | 26,328,912 | 15,638,121 |
Total liabilities | 65,712,872 | 37,238,933 | 20,992,323 | 11,418,857 |
Total equity | 31,721,420 | 5,737,191 | 5,336,590 | 4,219,264 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 97,135,656 | 49,222,617 | 35,024,821 | 16,345,099 |
Total operating costs | 43,802,338 | 28,322,054 | 19,630,929 | 15,109,223 |
Operating result | 53,333,318 | 20,900,564 | 15,393,892 | 1,235,875 |
Financial income/costs | 7,031,395 | -577,682 | 984,848 | 144,164 |
Profit before tax | 60,364,712 | 20,322,881 | 16,378,740 | 1,380,040 |
Total tax & extraordinary income/cost | 12,285,942 | 3,742,188 | 1,706,093 | 0 |
Annual Total Result | 48,078,770 | 16,580,693 | 14,672,647 | 1,380,040 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 220,729 | 235,876 | 178,360 | 680,041 |
Total current assets | 97,213,563 | 42,740,247 | 26,150,552 | 14,958,079 |
Total assets | 97,434,292 | 42,976,123 | 26,328,912 | 15,638,121 |
Short term debt | 65,697,921 | 37,238,933 | 20,970,006 | 10,243,857 |
Long term debt | 14,951 | 0 | 22,317 | 1,175,000 |
Total liabilities | 65,712,872 | 37,238,933 | 20,992,323 | 11,418,857 |
Contributed capital | 6,255,227 | 6,123,104 | 5,325,509 | 5,030,830 |
Retained earnings | 25,466,193 | -385,914 | 11,080 | -811,566 |
Total equity | 31,721,420 | 5,737,191 | 5,336,590 | 4,219,264 |
Total equity and liabilities | 97,434,292 | 42,976,123 | 26,328,912 | 15,638,121 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises