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NATIONAL OILWELL VARCO NORWAY AS
Keywords
productionelevatorsconveyor beltsmachinesdrillingcuttingloweringtunnel boringsiftingsortingwashingcrushingconcrete mixersmortar mixersbulldozersangle dozerssorting machinesgradersexcavatorsloadersram truckspile driversmortar spreadersasphalt spreaderstracked vehiclestractorsdump trucks
Organization
- CEO
- JR
- Chairman of the board
- JE
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 1511
Ownership
- Number of shares and share classes
- 37,631,444
- 1 share class
- Total number of shareholders
- 1
- person
- Belongs to group of
Financials
- Total operating income 2024
- 620,290,000
- NOK
- Annual total result 2024
- 58,843,000
- NOK
- Total equity 2024
- 440,136,000
- NOK
Last update: Jul 14, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JR | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
JE | Chairman | - |
JR | Board Member | - |
TB | Board Member | - |
TL | Board Member | - |
TB | Board Member | - |
SH 1970 | Alternate Member | - |
HE 1983 | Board Member | - |
OS | Alternate Member | - |
| Alternate Member | - | |
SF 1974 | Board Member | - |
LE | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Mar 18, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 37,631,444 | 100 % |
Shares owned by the NATIONAL OILWELL VARCO NORWAY AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 500,000 | 100 % | |
| Ordinary shares | 251 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 620,290,000Operating profit 2024: NOK 58,388,000Employees: 1511
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 620,290,000 | 542,320,000 | 415,735,000 | 419,420,000 |
Annual Total Result | 58,843,000 | 911,000 | 26,775,000 | 11,030,000 |
Total assets | 1,284,762,000 | 1,181,930,000 | 1,130,588,000 | 1,571,979,000 |
Total liabilities | 844,627,000 | 790,550,000 | 793,582,000 | 967,973,000 |
Total equity | 440,136,000 | 391,381,000 | 337,007,000 | 604,006,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 620,290,000 | 542,320,000 | 415,735,000 | 419,420,000 |
Total operating costs | 561,902,000 | 516,169,000 | 403,070,000 | 404,123,000 |
Operating result | 58,388,000 | 26,151,000 | 12,665,000 | 15,297,000 |
Financial income/costs | 10,843,000 | -5,891,000 | 11,456,000 | -6,725,000 |
Profit before tax | 69,231,000 | 20,260,000 | 24,121,000 | 8,572,000 |
Total tax & extraordinary income/cost | 10,388,000 | 19,349,000 | -2,654,000 | -2,458,000 |
Annual Total Result | 58,843,000 | 911,000 | 26,775,000 | 11,030,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 789,697,000 | 763,977,000 | 730,099,000 | 1,108,686,000 |
Total current assets | 495,065,000 | 417,953,000 | 400,489,000 | 463,293,000 |
Total assets | 1,284,762,000 | 1,181,930,000 | 1,130,588,000 | 1,571,979,000 |
Short term debt | 452,812,000 | 387,695,000 | 552,420,000 | 475,004,000 |
Long term debt | 391,815,000 | 402,855,000 | 241,162,000 | 492,969,000 |
Total liabilities | 844,627,000 | 790,550,000 | 793,582,000 | 967,973,000 |
Contributed capital | 361,100,000 | 361,101,000 | 311,259,000 | 311,259,000 |
Retained earnings | 79,036,000 | 30,280,000 | 25,748,000 | 292,747,000 |
Total equity | 440,136,000 | 391,381,000 | 337,007,000 | 604,006,000 |
Total equity and liabilities | 1,284,763,000 | 1,181,931,000 | 1,130,589,000 | 1,571,979,000 |
Classification
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
C
Main industrial area
Manufacturing
28
Activity
Manufacture of machinery and equipment n.e.c.
28.9
Main industrial group
Manufacture of other special-purpose machinery
28.92
Industrial group
Manufacture of machinery for mining, quarrying and construction
28.920
Industrial group
Manufacture of machinery for mining, quarrying and construction