Largest Listed Companies in Norway by Market Capitalization
Oslo Børs, established in 1818 and now operating as Euronext Oslo, lists around 315 companies — many of them tied to Norway’s strength in offshore energy, seafood, and maritime industries. The OBX blue-chip index tracks the 25 most liquid shares on the exchange, with constituents rotated every June and December.
The Norwegian government maintains significant ownership stakes across several listed companies. Equinor, formed by the 2007 merger of Statoil with Norsk Hydro’s oil and gas division, is majority-owned by the state. DNB Bank, founded in 1822, is the country’s largest bank. Telenor, the state-owned telecom carrier established in 1855, operates across Scandinavia and parts of Asia.
Key sectors and companies on the Norwegian market include:
- Energy (Oil & Gas): Equinor, Aker BP — both focused on the Norwegian Continental Shelf
- Finance: DNB Bank, Storebrand
- Aquaculture: Mowi — Norway is a global leader in farmed salmon
- Defense & Maritime: Kongsberg Gruppen, supplying missiles, ship automation, and autonomous vessel technology to NATO allies
- Aluminum & Renewables: Norsk Hydro, also Norway’s largest producer of hydroelectric power
- Fertilizers & Consumer Goods: Yara International, Orkla
All trading on Euronext Oslo is denominated in Norwegian kroner (NOK), with sessions running from 9:00 AM to 4:30 PM CET. A historical curiosity: from 1920 to 1936, whaling shares accounted for roughly half the exchange’s total turnover. For broader context, see how Norwegian companies compare with Sweden’s largest listed companies, Denmark’s top firms, or the full ranking of Europe’s largest companies by market cap.
Regulated brokerThe table below ranks the largest Norwegian publicly traded companies by market capitalization, with data updated regularly.
| Stock | Price | Marketcap |
|---|---|---|
 Equinor EQNR | $41.60 | 103.74B |
 DNB DNB.OL | NOK289.60 | 420.85B |
 Telenor TEL.OL | NOK165.90 | 226.99B |
 Aker BP AKRBP.OL | NOK351.60 | 222.12B |
 Norsk Hydro NHY.OL | NOK85.92 | 168.86B |
 Yara International YAR.OL | NOK516.40 | 131.54B |
 Mowi MNHVF | $24.20 | 12.79B |
 Gjensidige Forsikring GJF.OL | NOK261.40 | 130.69B |
 Kongsberg Gruppen KOG.OL | NOK400.30 | 352.09B |
 ORKLA ASA ORKLF | $13.55 | 13.30B |
Tomra TOM.OL | NOK110.00 | 32.49B |
 Storebrand STB.OL | NOK168.50 | 71.22B |
 Leroy Seafood LSG.OL | NOK48.34 | 28.79B |
Nordic Semiconductor NOD.OL | NOK146.00 | 28.86B |
Elkem ELK.OL | NOK25.78 | 16.35B |
Entra ENTRA.OL | NOK107.00 | 19.41B |
 Borregaard BRG.OL | NOK163.80 | 16.34B |
 Veidekke VEI.OL | NOK188.20 | 25.40B |
SpareBank 1 SPOL.OL | NOK201.50 | 27.36B |
Atea ASA ATEA.OL | NOK137.20 | 15.28B |
Arendals Fossekompani AFK.OL | NOK158.00 | 8.68B |
Bonheur ASA BONHR.OL | NOK227.50 | 9.68B |
Norwegian Air Shuttle NAS.OL | NOK14.40 | 15.13B |
Opera OPRA | $14.36 | 1.29B |
 Pexip PEXIP.OL | NOK63.80 | 6.54B |