Norwegian business newspaper Dagens Næringsliv (DN) recently released its rundown of the country’s 500 largest companies. Statoil continued to top the list with revenues nearly four times that of Telenor in the number-two spot.
Statoil’s operating revenues of NOK 482.8 billion last year placed it way ahead of the next biggest company on the list, even though they fell 22.5 percent in line with the dive in the price of oil. Telenor’s revenues were up nearly 17 percent, to NOK 128.2 billion, narrowing the gap between itself and Statoil in 2014, when Statoil’s revenues were more than six times Telenor’s.
Yara International ranked third on the DN500, with revenues up 17.4 percent to 111.9 billion, followed by Hydro with NOK 88.6 billion. Yara was once part of Hydro, formed when Hydro spun off its fertilizer division. Hydro, now primarily a metals company, later also spun off its oil and gas division, to Statoil, so that it now ranks below both Statoil and Yara.
The state-owned company running Norway’s hospitals in the southeastern portion of the county, Helse Sør-Øst, claimed the fifth spot on the DN500, followed by grocery retailer and wholesaler NorgesGruppen, grocery concern Reitangruppen, pension fund manager Kommunal Landspensjonskasse, metals firm Sapa and DNB.