Location of Norway
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
This 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
This 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.
Notable companies
Status: P=Private, S=State; A=Active, D=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
See also
References
List of companies of Europe
Sovereign states States with limited recognition Dependencies and other entities Other entities