Below are the financial statements of Var Energi, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Petroleum revenues | 7,372.34a | 6,815.97a |
| Other operating income | 77.72a | 33.75a |
| Total income | 7,450.06a | 6,849.72a |
| Production costs | -1,402.95a | -1,137.68a |
| Exploration expenses | -192.36a | -86.49a |
| Depreciation and amortisation | -1,915.85a | -1,422.6a |
| Impairment loss and reversals | -3.82a | -526.43a |
| Other operating expenses | -144.62a | -159.98a |
| Total operating expenses | -3,659.61a | -3,333.17a |
| Operating profit / (loss) | 3,790.45a | 3,516.55a |
| Net financial income / (expenses) | -106.89a | -112.91a |
| Net exchange rate gain / (loss) | -370.44a | -46.7a |
| Profit / (loss) before taxes | 3,313.12a | 3,356.93a |
| Income tax (expense) / income | -2,986.01a | -2,746.7a |
| Profit / (loss) for the period | 327.11a | 610.23a |
| Attributable to: holders of ordinary shares | 311.51a | 610.23a |
| Dividends on hybrid capital | 15.6a | 0a |
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