InterOil Exploration and Production ASA is a Norwegian independent oil and gas company headquartered in Oslo, with operations across Latin America and Africa. Its shares trade on the Oslo Stock Exchange under the ticker IOX.
🌍 Company Overview
- Founded: 2005, headquartered in Oslo, Norway
- Industry: Petroleum exploration and production
- Operations: Active in Colombia, Argentina, Peru, Ghana, and Angola
- Business Model: Focused on exploration, development, and production of oil and gas assets, with growth driven by maximizing existing portfolios and acquiring new sustainable assets
📊 Stock Market Details
- Ticker Symbol: IOX (Oslo Stock Exchange)
- Current Price: 1.18 NOK
- Previous Close: 1.25 NOK
- Daily Change: -0.08 NOK (-6.07%)
👔 Leadership
- CEO: Tom Wolden
- Chairman: Mårten Rød
📈 Historical Context
- Revenue (2006): USD 41.2 million
- Employees (2007): 178
- Over time, the company has shifted focus toward Latin American operations, particularly Colombia and Argentina, which provide stable production and cash flow.
⚠️ Risks & Considerations
- Commodity Price Volatility: As with all petroleum companies, profitability is highly sensitive to oil and gas prices.
- Geopolitical Exposure: Operations in Latin America and Africa expose the company to regulatory and political risks.
- Scale: Compared to larger oil majors, InterOil is relatively small, which can limit resilience during downturns.
🔎 Investor Takeaway
InterOil Exploration and Production ASA is a niche petroleum player with a footprint in emerging markets. Its stock is thinly traded, making it more volatile than larger peers. Investors typically view it as a speculative play tied to exploration success and regional production stability.
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Website: www.interoil.no