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.

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The table below ranks the largest Norwegian publicly traded companies by market capitalization, with data updated regularly.

Largest listed companies in Norway
StockPriceMarketcap
EQNR
Equinor
EQNR
$42.76101.18B
DNB.OL
DNB
DNB.OL
NOK326.40463.24B
TEL.OL
Telenor
TEL.OL
NOK136.00184.25B
AKRBP.OL
Aker BP
AKRBP.OL
NOK326.40206.02B
NHY.OL
Norsk Hydro
NHY.OL
NOK69.34136.27B
YAR.OL
Yara International
YAR.OL
NOK406.10103.42B
MNHVF
Mowi
MNHVF
$23.5512.45B
GJF.OL
Gjensidige Forsikring
GJF.OL
NOK278.20139.09B
KOG.OL
Kongsberg Gruppen
KOG.OL
NOK344.90303.38B
ORKLF
ORKLA ASA
ORKLF
$11.0810.50B
TOM.OL
Tomra
TOM.OL
NOK98.6529.17B
STB.OL
Storebrand
STB.OL
NOK207.2086.50B
LSG.OL
Leroy Seafood
LSG.OL
NOK44.4426.46B
NOD.OL
Nordic Semiconductor
NOD.OL
NOK182.8036.16B
ELK.OL
Elkem
ELK.OL
NOK32.0011.60B
ENTRA.OL
Entra
ENTRA.OL
NOK99.1017.93B
BRG.OL
Borregaard
BRG.OL
NOK156.8015.62B
VEI.OL
Veidekke
VEI.OL
NOK226.0030.61B
SPOL.OL
SpareBank 1
SPOL.OL
NOK209.6528.47B
ATEA.OL
Atea ASA
ATEA.OL
NOK168.6018.82B
AFK.OL
Arendals Fossekompani
AFK.OL
NOK190.0010.45B
BONHR.OL
Bonheur ASA
BONHR.OL
NOK284.5012.10B
NAS.OL
Norwegian Air Shuttle
NAS.OL
NOK13.4214.14B
OPRA
Opera
OPRA
$15.631.39B
PEXIP.OL
Pexip
PEXIP.OL
NOK69.607.28B