Overview
Dansk Olie og Naturgas A/S
The Danish energy giant company, Ørsted, renamed from DONG (Danish Oil and Natural Gas) Energy in 2017 after selling off its upstream oil and gas production (or black energy) assets, becoming a renewable energy company. Ørsted develops, constructs, operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is on one of the global leader on climate action
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Read More and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). The Denmark generates almost 85% of total revenue. The company begins in 1973 when the Danish State established a company called Dansk Olie & Naturgas A/S (Danish Oil and Natural Gas), also known as DONG.
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Read More and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). The Denmark generates almost 85% of total revenue. The company begins in 1973 when the Danish State established a company called Dansk Olie & Naturgas A/S (Danish Oil and Natural Gas), also known as DONG.
Read Less
Rasmus Errboe
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Natural Gas Distribution
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Electric Power Generation, Transmission and Distribution
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Pipeline Transportation of Natural Gas
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Architectural, Engineering, and Related Services
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Gas transmission and distribution
See All Industries , Distribution, electric power , Storage, natural gas Engineering services
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Actual
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Modelled
$8.34 billion
Actual
-14.83%
$298,786
DEC
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OMXCop:ORSTED
Contacts
Get in Touch with 13 Principals*
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Rasmus ErrboeManaging Director
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$8.34 billion
USD
Actual
1 USD = 7.0532 DKK
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $2,602 | $4,045 | $1,691 |
| Net Investing Cash | -$3,085 | -$4,924 | -$2,540 |
| Net Financing Cash | $2,246 | $38 | $1,954 |
| Net Change in Cash | $1,764 | -$841 | $1,105 |
| Cash at Beginning of Period | $1,438 | $2,293 | $1,221 |
| Cash at End of Period | $3,278 | $1,438 | $2,293 |
| Capital Expenditure | -$6,047 | -$5,416 | -$4,679 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $3,234 | $1,370 | $1,943 |
| Accounts Receivable | $1,282 | $1,575 | $1,801 |
| Inventories | $2,474 | $1,494 | $2,000 |
| Other Current Assets | $4,301 | $7,478 | $10,239 |
| Asset Summary | |||
| Total Current Assets | $11,291 | $11,917 | $15,982 |
| Tangible Fixed Assets | $28,596 | $25,487 | $25,189 |
| Intangible Assets | $370 | $486 | $571 |
| Total Assets | $298,786 | $281,136 | $314,142 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2,953 | $2,115 | $2,926 |
| Short-Term Debt | $581 | $54 | $401 |
| Other Current Liabilities | $4,087 | $6,224 | $7,287 |
| Liability Summary | |||
| Total Current Liabilities | $7,621 | $8,393 | $10,615 |
| Long-Term Debt | $11,854 | $11,234 | $8,571 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $29,108 | $28,830 | $30,994 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $596 | $596 | $596 |
| Retained Earnings | $8,946 | $8,908 | $12,523 |
| Equity Summary | |||
| Total Equity | $11,781 | $10,759 | $12,978 |
| Shares Outstanding | 420,234,763 | 420,230,296 | 420,226,736 |