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
$31.3378.00B
DNB.OL
DNB
DNB.OL
NOK293.00420.46B
TEL.OL
Telenor
TEL.OL
NOK143.10195.52B
AKRBP.OL
Aker BP
AKRBP.OL
NOK303.00191.42B
NHY.OL
Norsk Hydro
NHY.OL
NOK89.64176.17B
YAR.OL
Yara International
YAR.OL
NOK431.90110.02B
MNHVF
Mowi
MNHVF
$19.1010.10B
GJF.OL
Gjensidige Forsikring
GJF.OL
NOK268.60134.29B
KOG.OL
Kongsberg Gruppen
KOG.OL
NOK293.10257.81B
ORKLF
ORKLA ASA
ORKLF
$11.3010.98B
TOM.OL
Tomra
TOM.OL
NOK94.0027.77B
STB.OL
Storebrand
STB.OL
NOK182.9076.63B
LSG.OL
Leroy Seafood
LSG.OL
NOK39.9023.76B
NOD.OL
Nordic Semiconductor
NOD.OL
NOK174.8034.52B
ELK.OL
Elkem
ELK.OL
NOK30.7811.16B
ENTRA.OL
Entra
ENTRA.OL
NOK105.4019.19B
BRG.OL
Borregaard
BRG.OL
NOK148.8014.83B
VEI.OL
Veidekke
VEI.OL
NOK190.4025.70B
SPOL.OL
SpareBank 1
SPOL.OL
NOK189.7425.77B
ATEA.OL
Atea ASA
ATEA.OL
NOK174.6019.46B
AFK.OL
Arendals Fossekompani
AFK.OL
NOK175.509.65B
BONHR.OL
Bonheur ASA
BONHR.OL
NOK232.509.89B
NAS.OL
Norwegian Air Shuttle
NAS.OL
NOK14.6515.40B
OPRA
Opera
OPRA
$19.701.76B
PEXIP.OL
Pexip
PEXIP.OL
NOK75.907.92B