BW Energy Limited

OB:BWE Stock Report

Market Cap: NOK 14.1b

BW Energy Management

Management criteria checks 2/4

BW Energy's CEO is Carl Arnet, appointed in Jul 2019, has a tenure of less than a year. directly owns 1.57% of the company’s shares, worth NOK222.04M. The average tenure of the management team and the board of directors is 3 years and 3.2 years respectively.

Key information

Carl Arnet

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure7yrs
CEO ownership1.6%
Management average tenure3yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

Narrative Update Jul 06

BWE: Longer Licence And 2026 Output Plans Will Shape Measured Upside

Analysts have raised their fair value price target for BW Energy from NOK 49.91 to NOK 54.00, citing updated assumptions relating to revenue growth, profitability and future P/E expectations. What’s in the News for BW Energy BW Energy issued production guidance for 2026, indicating an expected range of 24 to 27 kbopd, or 8.8 to 9.9 mmboe for the year.
Narrative Update Jun 22

BWE: Long-Term Licence Extension And Rising Output Will Support Upside Potential

Analysts have revised their price target for BW Energy to NOK 90.11 from NOK 57.72, citing updated assumptions for revenue growth, profit margins and a lower discount rate, as well as a reduced future P/E multiple in their valuation models. What’s in the News for BW Energy ReconAfrica, NAMCOR and BW Energy have started multi zone production testing at the Kavango West 1X well in Namibia, the first cased production test in the country, to evaluate six hydrocarbon bearing zones across about 420 meters in the Huttenburg and Elandshoek formations, with results guiding further appraisal plans.
Analysis Article Jun 19

BW Energy (OB:BWE) Stock Could Be 30.2% Undervalued As Maromba Growth Plan Builds

Recent interest in BW Energy (OB:BWE) has been driven by the company’s plan to scale oil output through the Maromba project, reusing existing infrastructure and targeting a significant increase in production capacity by 2028. See our latest analysis for BW Energy. BW Energy’s recent Maromba plans come as the stock has given up some near term momentum, with the 7 day share price return down 10.15% and the 90 day share price return down 10.62%. However, the 1 year total shareholder return of...
Narrative Update Jun 05

BWE: Extended Dussafu Licence Will Support Long Term Production Upside

Analysts have modestly lifted their price target for BW Energy to NOK 74.81 from NOK 71.73, reflecting updated assumptions around higher revenue growth, a different profit margin profile, and a lower future P/E multiple. What's in the News BW Energy reported Q1 2026 net production of 2.3 million barrels of oil, or 25,200 barrels per day, from the Dussafu field in Gabon and the Golfinho field in Brazil, according to its first quarter 2026 operating results.
Analysis Article May 29

BW Energy Limited (OB:BWE) Analysts Just Slashed This Year's Estimates

Market forces rained on the parade of BW Energy Limited ( OB:BWE ) shareholders today, when the analysts downgraded...
Analysis Article May 27

We Think That There Are More Issues For BW Energy (OB:BWE) Than Just Sluggish Earnings

BW Energy Limited's ( OB:BWE ) stock showed strength, with investors undeterred by its weak earnings report. While...
New Narrative May 20

Maromba And Golfinho Execution Risks Will Shape Future Production And Cash Flow

Catalysts About BW Energy BW Energy is an oil and gas exploration and production company focused on developing offshore fields such as Dussafu, Golfinho, Maromba and assets in Namibia and Angola. What are the underlying business or industry changes driving this perspective?
Narrative Update May 17

BWE: Extended Dussafu Licence Will Support Long Term Cash Flow Potential

Analysts have updated their view on BW Energy, with the price target shifting from NOK 48.84 to NOK 71.73. This change reflects revised assumptions around revenue growth, profit margins and future P/E expectations.
Analysis Article Apr 15

Analysts Just Published A Bright New Outlook For BW Energy Limited's (OB:BWE)

BW Energy Limited ( OB:BWE ) shareholders will have a reason to smile today, with the analysts making substantial...
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New Narrative Mar 14

Maromba Project Will Increase Production To 50,000 Barrels Per Day

Major field developments and increased production capacity, particularly from the Maromba project, anticipate boosting future revenue through enhanced capital efficiency.
Analysis Article Nov 17

Is BW Energy Limited (OB:BWE) Expensive For A Reason? A Look At Its Intrinsic Value

Key Insights The projected fair value for BW Energy is kr21.39 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article Jul 25

BW Energy (OB:BWE) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jun 03

News Flash: 3 Analysts Think BW Energy Limited (OB:BWE) Earnings Are Under Threat

One thing we could say about the analysts on BW Energy Limited ( OB:BWE ) - they aren't optimistic, having just made a...

CEO

Carl Arnet (70 yo)

7yrs
Tenure

Mr. Carl Krogh Arnet has been the Chief Executive Officer at BW Energy Limited since July 1, 2019 and is its Director since May 11, 2026. Mr. Arnet has also been the Managing Director of APL since 1996. Pr...


Leadership Team

NamePositionTenureCompensationOwnership
Carl Arnet
CEO & Director7yrsno data1.57%
NOK 222.0m
Thomas Young
Chief Financial Officerless than a yearno data0.020%
NOK 2.9m
Brice Morlot
Chief Operating Officerless than a yearno datano data
Jerome Bertheau
Chief Technical Officer1.5yrsno datano data
Martin Simensen
Vice President of Investor Relationsno datano datano data
Tara Leiter
Chief Legal Officer4.5yrsno datano data
Liana Almeida
Chief Human Resources Officer4.5yrsno datano data
Thomas Kolanski
Chief Commercial Officerno datano data0.24%
NOK 33.4m
3.0yrs
Average Tenure

Experienced Management: BWE's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Carl Arnet
CEO & Directorless than a yearno data1.57%
NOK 222.0m
Darrell McKenna
Independent Director2.2yrsno datano data
Andreas Sohmen-Pao
Chairman of the Board6.7yrsno datano data
Hilde Dronen
Independent Director6.5yrsno datano data
Ana Lucia Zambelli
Independent Director3.2yrsno datano data
William Scheirman
Independent Director6.7yrsno datano data
Alan Dowokpor
Independent Director2.2yrsno datano data
3.2yrs
Average Tenure
65yo
Average Age

Experienced Board: BWE's board of directors are considered experienced (3.2 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/24 16:53
End of Day Share Price 2026/07/24 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BW Energy Limited is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Christian YggesethDanske Bank
Steffen EvjenDanske Bank