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Orron Energy AB Company profile

About Lundin Energy AB

Lundin Energy AB, formerly Lundin Petroleum AB is a Sweden-based oil and gas exploration and production Company. The Company’s main business is the exploration, the development of, and the production of oil and gas. The Company maintains a portfolio of oil and gas production assets and development projects in various countries with exposure to exploration opportunities. The Group operates within several geographical areas with a focus on Norway.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Lundin Energy AB revenues was not reported. Net loss before extraordinary items decreased 10% to $16.1M. Lower net loss reflects Other finance income increase from $0K to $1.4M (income), Equity Earnings -Before Taxes increase from $100K (expense) to $900K (income). Dividend per share increased from $1.80 to $2.25. Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.06.