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Friday, August 12, 2022

Statoil still tops list of Norway’s biggest companies

Norwegian state oil company Statoil remained firmly at the top of Norway’s latest list of the country’s 500 largest companies, compiled by newspaper Dagens Næringsliv (DN). The so-called DN500 list was published in DN on Tuesday.

It shows Statoil towering over the country’s next-biggest company, Telenor, with six times the international telecoms firm’s operating revenues. In third place was fertilizer firm Yara International.

Then came the life insurance mutual KLP (Kommunal Landspensjonskasse), which delivers pension, financial and insurance services to Norwegian townships and counties. Rounding out Norway’s five largest companies was Hydro, formerly known as Norsk Hydro, which is now mostly an aluminum company more than 100 years after its historic beginnings capturing power from Norway’s waterfalls in the hydroelectic business.

The next five-biggest companies include two of Norway’s grocery retailers and wholesalers, with NorgesGruppen in sixth place and Reitangruppen in ninth. The state-owned health care delivery firm Helse Sør-Øst ranked seventh followed by insurance firm Storebrand in eighth place and power firm Statkraft in 10th.

newsinenglish.no staff

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