Norway oil fund holdings

Norway's trillion-dollar sovereign wealth fund plans to dump 134 oil and gas stocks from its benchmark index, the finance ministry announced on Friday. Norway's sovereign wealth fund, the world's biggest thanks to petrodollars, will sell off stakes in oil and gas exploration and production companies to reduce its exposure to black gold, the government said Friday. "The objective is to reduce the vulnerability of our common wealth to a

31 Aug 2016 Norway's sovereign investment fund is absolutely enormous. These are the stocks it holds in the largest volumes. What it does: The world's largest oil company is also the 5th largest publicly traded company in terms of  Norway To Okay $1-Trillion Wealth Fund's Plan To Dump Oil Stocks. By Tsvetana Paraskova - Jun 12, 2019, 4:00 PM CDT Wealth fund. Norway's Parliament is  8 Mar 2019 Norway's $1tn wealth fund to divest from oil and gas exploration 1.2% of its equity holdings, worth about 66bn Norwegian krone (£5.7bn). 27 Feb 2018 The decision to up the fund's equities holdings was made in the midst of a blockbuster year for global stock markets, which experienced their best  The purpose of the Government Pension Fund is to facilitate government Fund Global to reduce the aggregate oil price risk in the Norwegian economy.

18 Nov 2019 At the end of 2017, the fund recommended the removal of more than US $35 billion worth of oil and gas holdings from the fund's equity 

21 Aug 2019 Other investors have said they regard the fund's move as something of a countercyclical indicator. “If I see the oil fund stocking up on stocks, I  24 Jul 2019 OSLO, July 24 (Xinhua) -- Norway's oil fund has set a new record and As Norwegian krone remained unusually weak, the fund's holdings in  18 Nov 2019 At the end of 2017, the fund recommended the removal of more than US $35 billion worth of oil and gas holdings from the fund's equity  26 Aug 2019 Norway's wealth fund proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its 

Norway’s Oil Disposal Drama Descends Into Farce just the top two oil and gas holdings in the fund at year end – Royal Dutch Shell Plc and BP Plc – are worth more than the fund’s entire

27 Feb 2018 The decision to up the fund's equities holdings was made in the midst of a blockbuster year for global stock markets, which experienced their best  The purpose of the Government Pension Fund is to facilitate government Fund Global to reduce the aggregate oil price risk in the Norwegian economy. 8 Mar 2019 Norway's trillion-dollar sovereign wealth fund moved to cut its investments in oil and gas stocks, taking a significant step to diversify its holdings  8 Mar 2019 Norway's finance ministry proposed Friday that the country's huge sovereign wealth fund should drop holdings in oil exploration and production  17 Nov 2016 Oil rig Norway's oil profits have formed the largest wealth fund on the from investing in volatile holdings such as shares over the long term.

8 Mar 2019 The stocks today comprises 66 billion kroners (€6.7 billion) of value, or 1,2 percent of the total portfolio of the Fund, the Ministry informs. On list are 

LONDON — The Norwegian government has recommended that the country’s $1 trillion wealth fund sell its holdings in a group of companies that focus on finding and producing oil and gas. Norway's $1 trillion sovereign wealth fund is expected to sell some of its oil and gas holdings. The world's largest sovereign wealth fund owns $37bn of shares in oil companies such as BP, Shell Norway's Ministry of Finance has proposed excluding holdings of oil exploration and production companies from the portfolio of the country's €902bn sovereign wealth fund - the Government Pension Fund Global, also known as the oil fund because of the source of its inflows.

27 Feb 2019 The NGOs Greenpeace Norway, Framtiden i våre hender (FIVH) and Urgewald have again trawled through the Norway's Oil Fund holdings 

THE NORWEGIAN GOVERNMENT PENSION FUND GLOBAL: The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1 trillion in assets, including 1.3% of global stocks and shares, making it the world’s largest sovereign wealth fund. The value of Norway's sovereign wealth fund, the world's largest, grew to a record 10 trillion Norwegian crowns ($1.09 trillion) on Friday, boosted by rising global stocks and the strength of the Norway’s oil fund, the world’s largest sovereign wealth fund, has topped $1tn in assets for the first time in its history. The oil fund, which started in 1996, reached NKr7,811bn ($1.001tn) in Norway's sovereign wealth fund has a very diverse portfolio. Reuters The sovereign wealth fund of Norway, officially known as the Government Pension Fund of Norway, is the largest in the world

Scandinavia's oil-rich Norway has the world's largest sovereign wealth fund — the Government Pension Fund Global — which made news in September 2017 after reaching the $1 trillion mark for the