Vår Energi reports first quarter 2022 results
Sandnes, Norway, 27 April 2022: Vår Energi ASA (OSE: VAR) today reported USD 2 491 million in total income for the first quarter of 2022, an increase of 10% from the previous quarter, primarily driven by higher oil and gas prices. EBIT was USD 1 674 million (+36%) and cash flow from operations (CFFO) was USD 2 182 million (+137%) in the quarter. The Company raised its dividend guidance for 2022 to USD 1 billion, under current market conditions, from the previously communicated USD 800 million. This includes USD 225 million to be paid in May for the first quarter and guidance for a