Norway is a sovereign and unitary monarchy whose territory comprises the western portion of the Scandinavian Peninsula plus the island Jan Mayen and the archipelago of Svalbard.
The country maintains a combination of market economy and a Nordic welfare model with universal health care and a comprehensive social security system. Norway has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, fresh water and hydropower. The petroleum industry accounts for around a quarter of the country's gross domestic product (GDP).[1] On a per-capita basis, Norway is the world's largest producer of oil and natural gas outside the Middle East.[2][3]
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Norway".
Largest firms
editThis list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before March 31, 2017.[4] Only the top five firms (if available) are included as a sample.
Rank | Image | Name | 2016 revenues (USD $M) | Employees | Notes |
---|---|---|---|---|---|
207 | Equinor | $45,873 | 20,539 | Multinational oil and gas firm operating in 36 countries. Significant declines in revenues have led to a drop from their high of 36 on the list to the current position of 207. |
Notable firms
editThis list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
AF Group | Industrials | Heavy construction | Oslo | 1985 | Engineering and construction | P | A |
Aker ASA | Conglomerates | - | Oslo | 2004 | Holding company | P | A |
Aker BioMarine | Consumer goods | Farming & fishing | Oslo | 2006 | Fishing and biotech, part of Aker ASA | P | A |
Aker Floating Production | Industrials | Transportation services | Oslo | 2006 | Logistics and support, part of Aker ASA | P | A |
Aker Solutions | Oil & gas | Exploration & production | Fornebu | 2008 | Oil, part of Aker ASA | P | A |
Arthur Soltvedt Møbelfabrikk | Consumer goods | Household goods | Follese | 1942 | Furniture, defunct 2011 | P | D |
Bama Gruppen | Consumer goods | Food products | Oslo | 1886 | Produce | P | A |
Bertel O. Steen | Industrials | Diversified industrials | Lørenskog | 1901 | Trading | P | A |
Cermaq | Consumer goods | Farming & fishing | Oslo | 1995 | Fishing | P | A |
Coop Norge | Consumer services | Broadline retailers | Oslo | 1906 | Retail cooperatives | P | A |
DNB ASA | Financials | Investment services | Oslo | 1822 | Financial services | P | A |
DNV GL | Industrials | Business support services | Bærum | 1864 | Inspections | P | A |
Elkjøp | Consumer goods | Consumer electronics | Lørenskog | 1962 | Consumer electronics | P | A |
Equinor | Oil & gas | Exploration & production | Stavanger | 1972 | State-owned oil and gas producer | S | A |
Ferd | Financials | Investment services | Bærum | 2001 | Investments | P | A |
Gjensidige | Financials | Full line insurance | Oslo | 1923 | Insurance | P | A |
Hafslund | Utilities | Conventional electricity | Oslo | 1898 | Power | P | A |
Havfisk | Consumer goods | Food products | Ålesund | 2005 | Seafood, part of Lerøy | P | A |
Helgø Matsenter | Consumer services | Food retailers & wholesalers | Stavanger | 1958 | Supermarkets | P | A |
Jotun | Industrials | Building materials & fixtures | Sandefjord | 1926 | Paints | P | A |
Kommunal Landspensjonskasse | Financials | Full line insurance | Oslo | 1949 | Mutual insurance | P | A |
Kongsberg Gruppen | Industrials | Defense | Kongsberg | 1814 | Defense | P | A |
Lerøy | Consumer goods | Food products | Bergen | 1939 | Seafood | P | A |
Luxo | Consumer goods | Durable household products | Oslo | 1934 | Lamps | P | A |
Moelven Industrier | Industrials | Diversified industrials | Ringsaker[5] | 1899 | Industrial | P | A |
Møller Mobility Group | Consumer goods | Automobiles | Oslo | 1936 | Automotive | P | A |
NorgesGruppen | Consumer services | Food retailers & wholesalers | Oslo | 1994 | Wholesaler | P | A |
Nammo | Industrials | Ammunition | Raufoss | 1998 | Manufacturer | S | A |
Norsk Hydro | Basic materials | Aluminum | Oslo | 1905 | Aluminum | P | A |
Norsk Tipping | Consumer services | Gambling | Hamar | 1948 | Lottery | P | A |
Norske Skog | Basic materials | Paper | Lysaker | 1962 | Pulp and paper | P | A |
Nortura | Consumer goods | Food products | Oslo | 2006 | Cooperative | P | A |
OneSubsea | Oil and Gas | Service company | Oslo | 2012 | P | A | |
O. N. Sunde | Conglomerates | - | Oslo | 1988 | Shipping, real estate, consumer goods | P | A |
Odfjell | Industrials | Marine transportation | Bergen | 1914 | Shipping | P | A |
Orkla Group | Conglomerates | - | Oslo | 1654 | Consumer goods, mining, financials | P | A |
Petroleum Geo-Services | Oil & gas | Exploration & production | Oslo | 1991 | Oilfields | P | A |
Posten Norge | Industrials | Delivery services | Oslo | 1647 | Postal | S | A |
Reitan Group | Consumer services | Broadline retailers | Trondheim | 1948 | Retailer | P | A |
Scandinavian Bunkering | Basic materials | Specialty chemicals | Tønsberg | 1993 | Industrial lubricants | P | A |
SpareBank 1 | Financials | Banks | Oslo | 1996 | Bank | P | A |
Star Shipping | Industrials | Marine transportation | Bergen | 1961 | Shipping | P | A |
Statkraft | Utilities | Conventional electricity | Oslo | 1986 | State-owned electrical | S | A |
Statnett | Utilities | Conventional electricity | Oslo | 1992 | Power grid | S | A |
Storebrand | Financials | Consumer finance | Lysaker | 1767 | Financial services | P | A |
Telenor | Telecommunications | Fixed line telecommunications | Fornebu | 1970 | Telecommunications | S | A |
Telia Norge | Telecommunications | Mobile telecommunications | Oslo | 1993 | Mobile phones | P | A |
Thin Film Electronics ASA | Industrials | Electronic equipment | Oslo | 2005 | Electronics | P | A |
Tine | Consumer goods | Food products | Oslo | 1928 | Dairy | P | A |
Varner-Gruppen | Consumer goods | Clothing & accessories | Oslo | 1962 | Textiles | P | A |
Veidekke | Industrials | Heavy construction | Oslo | 1936 | Construction | P | A |
Vinmonopolet | Consumer services | Specialty retailers | Oslo | 1922 | State alcoholic beverage retailer | S | A |
Vy | Industrials | Railroads | Oslo | 1996 | Railway | S | A |
Wilh. Wilhelmsen | Industrials | Marine transportation | Lysaker | 1861 | Maritime industry | P | A |
Yara International | Basic materials | Specialty chemicals | Oslo | 1905 | Chemicals | P | A |
-
Agriculture in Flakstad Municipality.
-
Oil production at the Statfjord oil field.
See also
editReferences
edit- ^ "UPDATE 1-Statistics Norway raises '07 GDP outlook, cuts '08". Reuters. 6 September 2007. Archived from the original on January 11, 2009. Retrieved 8 March 2009.
- ^ "Country Comparison :: Crude oil – production". CIA – The World Factbook. Archived from the original on May 12, 2013. Retrieved 2016-03-16.
- ^ "Country Comparison :: Natural gas – production". CIA – The World Factbook. Archived from the original on June 16, 2013. Retrieved 2016-03-16.
- ^ DeCarlo, Scott (20 July 2017). "The Fortune 2017 Global 500". Fortune.
- ^ "Moelven Industrier ASA - Company Profile and News". Bloomberg News.