Olje og gass ranking 2022

Benchmarks · fiscal year 2022

Quartiles among the 17 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin−16.5%1.5%2.5%
Profit margin−17.8%1.4%3.8%
Return on assets−4.5%3.6%10.7%
Equity ratio26.8%49.1%69.9%
Debt-to-equity0.380.601.87
Current ratio1.081.321.85
Revenue growth–––

Ranked per size tier: small: 7 · medium: 5 · large: 4 · unknown size: 1. Medium from 100 MNOK in revenue, large from 1,000 MNOK.

Distribution of the overall index · 2022

024Index 0–10: 1 companies10Index 10–20: 1 companies110Index 20–30: 1 companies120Index 30–40: 4 companies430Index 40–50: 1 companies140Index 50–60: 2 companies250Index 60–70: 4 companies460Index 70–80: 3 companies370Index 80–90: 0 companies80Index 90–100: 0 companies90100Index →

Best in each category · 2022

Operating marginVETCO GRAY SCANDINAVIA AS13.7%
Return on assetsOZ MIDCO AS65.9%

Ranking · 2022

Morning Enterprise Index 0–100, version 2: every key figure is compared with companies in the same sector and size tier. Click a column heading to sort.

Rank Company Size Index Operating margin Equity ratio Current ratio Revenue growth Revenue
1 OZ MIDCO AS 2025 missing large 76 – 95.5% 1.34 – –
2 SARENS AS 2025 missing small 72 2.5% 62.7% 2.13 – 46 MNOK
3 KELLOGG BROWN & ROOT (NORWAY) AS 2025 missing small 72 – 94.5% 230.69 – 0 MNOK
4 NOBLE INVINCIBLE OPERATIONS AS 2025 missing small 66 – 100.0% – – –
5 ALTUS INTERVENTION AS 2025 missing large 63 11.3% 63.3% 1.25 – 1,179 MNOK
6 BAKER HUGHES NORGE AS 2025 missing large 63 −16.5% 75.4% 3.18 – 3,637 MNOK
7 NOBLE INTREPID OPERATIONS AS 2025 missing medium 61 1.8% 46.1% 1.75 – 976 MNOK
8 VAN OORD NORWAY AS 2025 missing medium 58 11.7% 35.6% 1.75 – 332 MNOK
9 VETCO GRAY SCANDINAVIA AS 2025 missing large 55 13.7% 34.2% 1.38 – 2,574 MNOK
10 NØSTE ENERGI AS 2025 missing small 48 −59.9% 69.9% 3.32 – 0 MNOK
11 PETRONOR AS 2025 missing small 40 1.5% 14.2% 1.16 – 2 MNOK
12 NOBLE INTEGRATOR OPERATIONS AS 2025 missing medium 39 2.2% 8.3% 1.01 – 538 MNOK
13 CACTUS INTERNATIONAL AS 2025 missing small 37 – 49.1% 0.00 – 0 MNOK
14 SEADRILL OFFSHORE AS 2025 missing – 35 −102.7% 68.3% 1.10 – –
15 OPTIME SUBSEA AS 2025 missing medium 30 −11.9% 26.8% 1.30 – 153 MNOK
16 NOBLE DRILLING (NORWAY) AS 2025 missing medium 16 −0.3% −253.7% 0.28 – 861 MNOK
17 ENVIROFUELS AS 2025 missing small 7 −40.3% −9.1% 0.63 – 10 MNOK
– INTEROIL DRILLING SERVICES AS 2025 missingnot ranked: Balance sheet missing – – – – 0.00 – –

Bankrupt or being wound up

These companies are left out of the ranking.

About the figures

  • Only limited companies (AS and ASA) are included. Sole proprietorships are normally not required to file annual accounts and are therefore missing.
  • The Brønnøysund Register Centre only checks that accounts are filed, not their content. Suspicious figures are flagged on the company page, not hidden.
  • Figures are company accounts, not group accounts. Holding companies can be marked in admin and then do not count in sector averages.