The Norwegian Oil Fund's Record Profit – 2,500 Billion

The investments are going well for the Norwegian Government Pension Fund Global, the formal name of the Norwegian oil fund.

In 2024, the fund achieved a return of 13 percent on its investments, equivalent to NOK 2,511 billion, SEK 2,447 billion.

It was primarily the American technology stocks that contributed to the result, says fund manager Nicolai Tangen.

The stock investments performed best and achieved an 18 percent return. On the other hand, the investments in unlisted companies operating in the infrastructure segment for renewable energy are doing poorly, with a return of -10 percent.

The fund manages a total of NOK 19,742 billion.