WELLESLEY PETROLEUM AS
Score · fiscal year 2024
38of 100
How to read this: the company is ahead of 20 % of large companies in the same sector in 2024. What does this mean?
Rank: 424 of 586 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 0 and solidity 76 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
WELLESLEY PETROLEUM AS is 12 points below the median for large companies in the same sector in 2024.
Median score 50 among 95 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 2,688 MNOK |
| Operating margin | – | 10.7% |
| Profit margin | – | 12.5% |
| Return on assets | −16.5% | 14.7% |
| Equity ratio | 58.5% | 25.9% |
| Debt-to-equity | 0.71 | 2.71 |
| Current ratio | 25.56 | 1.12 |
| Revenue growth | −100.0% | 5.9% |
| Revenue per employee | 0.00 MNOK | 5.39 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 38, WELLESLEY PETROLEUM AS does better than 20% of large companies in the same sector (95 companies) in 2024.
Score 2023–2025
- WELLESLEY PETROLEUM AS
- Median: large companies in the same sector
What the numbers say
WELLESLEY PETROLEUM AS had an operating margin of – and an equity ratio of 58.5% in 2024, and ranks 424 of 586 in Olje og gass.
From 2023 to 2024: went from a profit to a loss before tax and revenue fell by 100%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 823 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 823 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 12.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.5% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 0 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | 2 | weight 15% |
| Consistency | 28 | weight 15% |
Durability: 58 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is WELLESLEY PETROLEUM AS?
The operating margin was – in 2024, against a median of 10.7% among large companies in the same sector. Return on assets was −16.5%. The company made a loss before tax.
How solid is WELLESLEY PETROLEUM AS?
The equity ratio was 58.5% in 2024 (median 25.9%). Debt-to-equity was 0.71 (median 2.71).
What is the liquidity of WELLESLEY PETROLEUM AS like?
The current ratio was 25.56 in 2024 (median 1.12).
How does WELLESLEY PETROLEUM AS compare in Olje og gass?
WELLESLEY PETROLEUM AS ranks 424 of 586 in Olje og gass for 2024. Among companies of the same size (large companies) it ranks 76 of 95. Revenue changed by −100.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 913561473
- Legal form
- AS
- Sector
- Olje og gass (06.100)
- Size tier
- large
- Employees
- 15 registered 10 March 2025
- Founded
- 10 April 2014 12 years in operation
- Share capital
- 270.13 MNOK
- Business address
- Reidar Berges gate 9, 4013 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Kari Langvik Østhus
- Chair of the board
- Peter Mellbye
- Board member
- Kari Langvik Østhus
- Board member
- Callum Macqueen Smyth
- Board member
- Richard Alexander Pearson Tiley
- Board member
- Martin Somerville
- Board member
- Christopher James Elliott
- Auditor
- ERNST & YOUNG AS
- Accountant
- ADMENTO AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 77 | 38 | 38 | |
| Rank | 41 | 424 | 409 | |
| Operating margin | 94.5% | – | −5,957.7% | |
| Return on assets | 230.0% | −16.5% | −8.8% | |
| Equity ratio | 58.9% | 58.5% | 53.7% | |
| Current ratio | 13.65 | 25.56 | 14.21 | |
| Revenue growth | – | −100.0% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,368.6 MNOK | 0.0 MNOK | 2.7 MNOK |
| Operating profit | 3,182.8 MNOK | −285.2 MNOK | −163.6 MNOK |
| Profit before tax | 3,339.6 MNOK | −257.9 MNOK | −163.6 MNOK |
| Net profit | 3,462.3 MNOK | −58.4 MNOK | −46.4 MNOK |
| Financial expenses | 102.5 MNOK | 26.5 MNOK | 37.2 MNOK |
| Total assets | 1,496.3 MNOK | 1,406.6 MNOK | 1,444.4 MNOK |
| Current assets | 703.1 MNOK | 618.3 MNOK | 481.0 MNOK |
| Equity | 881.0 MNOK | 822.5 MNOK | 776.1 MNOK |
| Retained earnings | −117.6 MNOK | −176.0 MNOK | −222.4 MNOK |
| Total liabilities | 615.3 MNOK | 584.1 MNOK | 668.3 MNOK |
| Current liabilities | 51.5 MNOK | 24.2 MNOK | 33.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6036423.
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