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Employees: 538
Size Okea (OKEA.OL) is a Norway Energy company (Integrated Oil) with a market value of $513M, the 88th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 45.85 on 6 Nov 2026.
Performance Over six months the shares gained 18.6%, against -13.9% for the median peer and +2.7% for the Norway market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 2.2% over the last twelve months (peer median +23.2%); the operating margin is 35.8% (peer median 20.6%).
Valuation It trades at 4.8× forward earnings against a peer median of 8.9× (6th cheapest of 15).
Credit Okea has 1 bond outstanding ($175M) and trading like B+ at a weighted spread of 280 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 9.56B | NOK 8.14B | NOK 11.0B | NOK 8.74B | NOK 6.40B |
| Revenue growth | — | -26% | +26% | +37% | — |
| Gross profit | NOK 3.35B | NOK 2.07B | NOK 4.27B | NOK 4.05B | NOK 3.97B |
| EBITDA | NOK 5.62B | NOK 4.60B | NOK 7.33B | NOK 5.74B | NOK 4.67B |
| Net income | NOK 586M | -NOK 568M | NOK 383M | -NOK 935M | NOK 670M |
| Free cash flow | NOK 3.65B | NOK 3.03B | NOK 4.03B | NOK 3.10B | NOK 2.06B |
| Capital expenditure | NOK 3.71B | NOK 3.91B | NOK 3.24B | NOK 1.99B | NOK 1.40B |
| Total debt | NOK 3.61B | NOK 3.14B | NOK 2.99B | NOK 1.95B | NOK 1.95B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OKEA.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.8% | -7.6% | 2nd highest of 21 |
| 6-month return | +18.6% | -13.9% | 4th highest of 21 |
| Distance from 52-week high | -9.6% | -30.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +2.2% | +23.2% | 7th lowest of 18 |
| Operating margin | 35.8% | 20.6% | 4th highest of 19 |
| Forward P/E | 4.8× | 8.9× | 6th cheapest of 15 |
| EV / EBITDA | 0.7× | 5.5× | cheapest of 15 |
| Net debt / EBITDA | -0.2× | 1.0× | 5th least indebted of 15 |
| Bond spread | 280 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Okea OKEA.OL | Norway | $513M | +19% | +2% | 36% | 4.8× | n/a | n/a |
| Hankook Shell Oil 002960.KS | South Korea | $500M | +3% | +4% | 16% | 17.1× | -10.0% | +11.5% |
| CITIC Resources 1205.HK | Hong Kong | $481M | -13% | -29% | 4% | n/a | n/a | n/a |
| Panoro Energy PEN.OL | Norway | $441M | -16% | -23% | 16% | 11.1× | n/a | n/a |
| Deutsche Rohstoff DR0.DE | Germany | $427M | -18% | -6% | 23% | 1.5× | n/a | n/a |
| Sable Offshore SOC | United States | $370M | -85% | n/a | -293% | 3.1× | n/a | n/a |
| Logan Energy LGN.V | Canada | $726M | +61% | +64% | 28% | 9.3× | n/a | n/a |
| TXO Partners, L.P TXO | United States | $728M | +7% | +50% | 23% | 6.9× | -13.3% | +36.9% |
| InPlay Oil IPO.TO | Canada | $346M | +3% | +79% | 12% | 8.8× | 9.0% | +45.2% |
| Antelopus Selan Energy ANTELOPUS.NS | India | $333M | +33% | +83% | 56% | n/a | n/a | n/a |
| Infinity Natural Resources INR | United States | $811M | -17% | +75% | 44% | 4.5× | n/a | n/a |
| Presidio Production FTW | United States | $321M | -7% | n/a | n/a | 8,050.5× | n/a | n/a |
| China Risun 1907.HK | Hong Kong | $841M | -45% | -2% | 3% | 9.0× | n/a | n/a |
| Coelacanth Energy CEI.V | Canada | $299M | -20% | +409% | 18% | 44.0× | n/a | n/a |
| Riley Exploration Permian REPX | United States | $913M | +24% | +23% | 39% | 4.2× | -7.1% | +164.3% |
| Saturn Oil & Gas SOIL.TO | Canada | $941M | +13% | +6% | 28% | 3.0× | -13.8% | +161.8% |
| Shanxi Blue Flame 000968.SZ | China | $961M | -28% | -1% | 14% | n/a | -6.8% | +7.9% |
| Tamboran Resources TBN | United States | $1.01B | -19% | n/a | n/a | n/a | n/a | n/a |
| Sino Geophysical 300191.SZ | China | $1.10B | -47% | +136% | 14% | n/a | n/a | n/a |
| Sino Prima Gas Technology 300483.SZ | China | $1.11B | -15% | +40% | 24% | 12.5× | -8.7% | +13.3% |
| Totalenergies EP Gabon EC.PA | France | $1.14B | -5% | -13% | 25% | n/a | -10.7% | -0.6% |
Okea has 1 bond outstanding with $175M face value. Weighted yield 7.36%, a spread of 280 bp over government bonds.