Ineos E&p A/S
Public limited companyCVR 73349613VirumActive
Ineos E&p A/S is a public limited company, based in Virum, active in extraction of crude petroleum, founded in 1983. After a loss in 2024, the company made a profit of DKK 9.6bn in 2025. With 302 employees, the company is about 14 times larger than the industry median. Equity grew to DKK 11.3bn in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 126% (2024 → 2025), to DKK 1.9bn.
- Revenue fell 16% (2024 → 2025), to DKK 1.1bn.
- Net profit went from a loss of DKK 716.1m to a profit of DKK 9.6bn (2024 → 2025).
- Equity rose 579% (2024 → 2025), to DKK 11.3bn.
Employees
- 5 more employees than a year earlier: 302 (07/2026) against 297 (07/2025).
Management and owners, last 24 months
- New in management: René Bak Lange (deputy chair, 28/03/2025).
- Stepped down: David James Bucknall (deputy chair, 28/03/2025).
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 534,874 | 860,072 | 1,152,393 | 842,656 | 1,272,104 | 1,066,252 | −16.2% |
| Gross profit | 389,578 | 354,249 | 563,554 | 297,801 | 844,898 | 1,905,352 | +125.5% |
| Operating profit (EBIT) | 398,782 | 588,758 | 533,291 | −66,759 | −922,863 | 1,650,179 | +278.8% |
| Profit before tax | −252,567 | 1,256,676 | 2,633,118 | −923,258 | −1,372,344 | 5,171,850 | +476.9% |
| Net profit | −252,139 | 1,668,390 | 2,435,118 | −812,258 | −716,125 | 9,624,930 | +1,444% |
| Total assets | 8,281,805 | 9,970,192 | 11,046,177 | 7,609,170 | 7,491,129 | 16,920,632 | +125.9% |
| Equity | 1,876,106 | 3,562,760 | 5,997,879 | 2,185,620 | 1,661,915 | 11,286,845 | +579.1% |
| Liabilities | 6,405,699 | 6,407,423 | 5,048,298 | 5,423,550 | 5,829,214 | 5,633,787 | −3.4% |
| Cash and cash equivalents | 113,935 | 98,657 | 238,809 | 343,226 | 810 | 739 | −8.8% |
| Average number of employees | 195 | 183 | 245 | 265 | 285 | 288 | +1.1% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Gross profit can exceed revenue when the company has other operating income or is a financial company.
Download the figures as CSV · free with an account, amounts in whole DKK
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 30/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 01/07/2025 | The company | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 05/07/2024 | The company | PDF not statedXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 03/07/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 14/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 01/07/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
5 companies in the databaseComparison with the other companies in extraction of crude petroleum based on the latest financial year.
Industry median: gross profit DKK 403.7m, net profit −DKK 9.9m, equity DKK 1.3bn, 21 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 200–499 employees796 companies in the comparison | No. 6of 763 Better than 99% | No. 6of 796 Better than 99% |
| Companies that are at least 30 years old10,276 companies in the comparison | No. 42of 10,152 Better than 100% | No. 33of 10,275 Better than 100% |
| All companies of type A/S18,025 companies in the comparison | No. 67of 17,786 Better than 100% | No. 52of 18,024 Better than 100% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Extraction of crude petroleum- Ineos E&p A/SDKK 1.9bn
- INEOS Energy (Syd Arne) ApSDKK 697.1m
- BlueNord Energy Denmark A/SDKK 403.7m
- Ineos E&p A/SDKK 9.6bn
- INEOS Energy (Syd Arne) ApSDKK 2.5bn
- BlueNord Energy Denmark A/S−DKK 9.9m
- Ineos E&p A/SDKK 11.3bn
- INEOS Energy (Syd Arne) ApSDKK 3.3bn
- BlueNord Energy Denmark A/SDKK 189.5m
- Ineos E&p A/S302
- INEOS Energy (Syd Arne) ApS70
- BlueNord Energy Denmark A/S20
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- INEOS UK E&P Holdings Limited100%
Subsidiaries are shown only if they are in the database.
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Mads Weng Gade | CEO | 02/10/2020 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Erik Fantoft Magnesen | Chair of the board | 29/05/2019 |
| Mads Weng Gade | Board member | 02/10/2020 |
| René Bak Lange | Deputy chair | 28/03/2025 |
Former management (60)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Thorkild Meiner-Jensen | Deputy board member | 25/08/1983 | 01/07/1991 |
| Tom Togsverd | Deputy board member | 25/08/1983 | 11/01/1990 |
| Niels Erik Hoff-Clausen | Deputy board member | 25/08/1983 | 16/04/2002 |
| Jørgen Einar Tandrup | Board member | 25/08/1983 | 08/05/1996 |
| Søren Bent Guldborg | Deputy board member | 25/08/1983 | 16/04/2002 |
| Peter Wiese | Board member | 25/08/1983 | 27/06/1989 |
| Erik Sprunk-Jansen | Board member | 25/08/1983 | 24/05/1994 |
| Peter Skak-Iversen | Board member | 25/08/1983 | 23/04/2003 |
| Holger Lavesen | Chair of the board | 25/08/1983 | 01/08/2001 |
| Erik Mollerup | Board member | 25/08/1983 | 11/01/1990 |
| Hans Jørgen Paludan-Müller Koch | Deputy board member | 25/08/1983 | 11/01/1990 |
| Erling Jørgensen | Board member | 25/08/1983 | 12/09/1988 |
| Michael Lunn | Deputy chair | 25/08/1983 | 11/01/1990 |
| Birgit Halmind | Deputy board member | 25/08/1983 | 01/07/1991 |
| Leonhard Schrøder | Board member | 25/08/1983 | 11/01/1990 |
| Ole Christian Tarp | Deputy board member | 25/08/1983 | 27/06/1989 |
| Martin Herbert Tatham Procter | Board member | 25/08/1983 | 21/07/1988 |
| Hans Würtzen | Board member | 25/08/1983 | 11/01/1990 |
| Carsten Ivar Pedersen | Board member | 25/08/1983 | 20/09/1995 |
| Celia Grete Juhl | Deputy board member | 25/08/1983 | 18/05/1999 |
| Bjarne Leth Nielsen | Board member | 25/08/1983 | 17/05/1995 |
| Søren Gath Hansen | Director | 25/08/1983 | 15/12/2014 |
| Jørgen Ancher Høy | Board member | 25/08/1983 | 23/02/1995 |
| Jørgen Nørgaard | Board member | 25/08/1983 | 26/05/1993 |
| Povl Dons Christensen | Board member | 25/08/1983 | 18/05/1999 |
| Thomas Bastholm Bille | Deputy board member | 08/05/1996 | 04/12/1996 |
| Lars Nørby Johansen | Board member | 06/06/1996 | 23/01/1997 |
| Ulla Lund | Board member | 27/02/1997 | 18/05/1999 |
| Jacob Heinsen | Board member | 18/05/1999 | 16/04/2002 |
| Gerhard Albrechtsen | Board member | 18/05/1999 | 16/04/2002 |
| Peter Helmer Steen | Board member | 18/05/1999 | 16/04/2002 |
| Søren van der Sterren Enevoldsen | Deputy board member | 18/05/1999 | 16/04/2002 |
| Jesper Ricard Magtengaard | Board member | 18/05/1999 | 16/04/2002 |
| Svend-Aage Petersen | Board member | 18/05/1999 | 16/04/2002 |
| Jens Jakob Kjær | Deputy board member | 30/09/1999 | 16/04/2002 |
| Arne Rosenkrands | Deputy board member | 30/09/1999 | 31/12/2000 |
| Troels Dam | Board member | 30/09/1999 | 16/04/2002 |
| Per Mørch Sørensen | Director | 29/03/2000 | 16/04/2002 |
| Anders Eldrup | Chair of the board | 01/08/2001 | 13/03/2012 |
| Hans Jørgen Kruuse Rasmusen | Deputy chair | 16/04/2002 | 23/02/2006 |
| Hans Jørgen Kruuse Rasmusen | Director | 16/04/2002 | 16/04/2002 |
| Carsten Krogsgaard Thomsen | Chair of the board | 13/03/2012 | 09/10/2013 |
| Hanne Legardt Blume Levy | Deputy chair | 13/03/2012 | 29/09/2017 |
| Jeppe Hoff Nielsen | Board member | 09/08/2013 | 29/09/2017 |
| Marianne Wiinholt | Chair of the board | 09/10/2013 | 29/09/2017 |
| David Bruce Cook | Director | 15/12/2014 | 01/01/2018 |
| Sebastian Koks Andreassen | Board member | 29/09/2017 | 24/09/2018 |
| Geir Tuft | Chair of the board | 29/09/2017 | 24/09/2018 |
| Roger Bell | Deputy chair | 29/09/2017 | 24/09/2018 |
| Flemming Horn Nielsen | CEO | 01/01/2018 | 12/07/2018 |
| Ronald Daniel Coyle | CEO | 12/07/2018 | 29/05/2019 |
| Flemming Horn Nielsen | Deputy chair | 24/09/2018 | 29/05/2019 |
| Tanja Jo Dalgaard | Board member | 24/09/2018 | 29/05/2019 |
| Gareth Jon Anderson | Chair of the board | 24/09/2018 | 29/05/2019 |
| Ronald Daniel Coyle | Board member | 24/09/2018 | 29/05/2019 |
| Sebastian Koks Andreassen | Board member | 29/05/2019 | 02/10/2020 |
| Sebastian Koks Andreassen | CEO | 29/05/2019 | 02/10/2020 |
| Morten Rosenløv Jensen | Deputy chair | 29/05/2019 | 26/03/2021 |
| Douglas Stewart Scott | Deputy chair | 26/03/2021 | 17/11/2021 |
| David James Bucknall | Deputy chair | 17/11/2021 | 28/03/2025 |
Signing rule: Selskabet tegnes af tre medlemmer af bestyrelsen i forening, eller af bestyrelsens formand eller næstformand i forening med en direktør
Address and production units
2 active production unitsTeknikerbyen 5
2830 Virum
Rudersdal Municipality · Postcode 2830
Other companies at the address (1)
- INEOS Energy (Syd Arne) ApSExtraction of crude petroleum
| Production unit | Address | Employees | P number |
|---|---|---|---|
| INEOS E&P A/S, Offshore Base Esbjerg | Trafikhavnskaj 11, 6700 Esbjerg | 205 | 1015710817 |
| INEOS E&P A/S | Teknikerbyen 5, 1, Søllerød, 2830 Virum | 100 | 1022584517 |
Purpose
Selskabets formål er, i Danmark eller andetsteds, (i) at efterforske og indvinde kulbrinter, (ii) at efterforske og anvende undergrunden til lagring eller andre formål end indvinding, (iii) at handle med kulbrinter såvel som andre energiformer samt produkter og ydelser relateret hertil, samt (iv) at drive enhver virksomhed relateret til de førnævnte aktiviteter.
The purpose is quoted from the register in Danish.
Changes year by year
145 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20253 changesaccounts 1 · management 2
- AccountsAnnual report for 2024 published
- ManagementRené Bak Lange appointed deputy chair
- ManagementDavid James Bucknall stepped down as deputy chair
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20215 changesmanagement 4 · accounts 1
- ManagementDavid James Bucknall appointed deputy chair
- ManagementDouglas Stewart Scott stepped down as deputy chair
- AccountsAnnual report for 2020 published
- ManagementDouglas Stewart Scott appointed deputy chair
- ManagementMorten Rosenløv Jensen stepped down as deputy chair
20204 changesmanagement 4
- ManagementMads Weng Gade appointed board member
- ManagementMads Weng Gade appointed ceo
- ManagementSebastian Koks Andreassen stepped down as board member
- ManagementSebastian Koks Andreassen stepped down as ceo
201910 changesmanagement 9 · address 1
- ManagementSebastian Koks Andreassen appointed board member
- ManagementErik Fantoft Magnesen appointed chair of the board
- ManagementMorten Rosenløv Jensen appointed deputy chair
- ManagementSebastian Koks Andreassen appointed ceo
- ManagementTanja Jo Dalgaard stepped down as board member
- ManagementRonald Daniel Coyle stepped down as board member
- ManagementGareth Jon Anderson stepped down as chair of the board
- ManagementFlemming Horn Nielsen stepped down as deputy chair
- ManagementRonald Daniel Coyle stepped down as ceo
- AddressMoved to Teknikerbyen 5, 1, Søllerød, 2830 Virum
201811 changesmanagement 11
- ManagementTanja Jo Dalgaard appointed board member
- ManagementRonald Daniel Coyle appointed board member
- ManagementGareth Jon Anderson appointed chair of the board
- ManagementFlemming Horn Nielsen appointed deputy chair
- ManagementSebastian Koks Andreassen stepped down as board member
- ManagementRoger Bell stepped down as deputy chair
- ManagementGeir Tuft stepped down as chair of the board
- ManagementRonald Daniel Coyle appointed ceo
- ManagementFlemming Horn Nielsen stepped down as ceo
- ManagementFlemming Horn Nielsen appointed ceo
- ManagementDavid Bruce Cook stepped down as director
201711 changesname 1 · address 1 · management 6 · ownership 2 · capital 1
- NameName changed from DONG E&P A/S to INEOS E&P A/S
- AddressMoved to Nesa Allé 1, 2820 Gentofte
- ManagementSebastian Koks Andreassen appointed board member
- ManagementRoger Bell appointed deputy chair
- ManagementGeir Tuft appointed chair of the board
- ManagementMarianne Wiinholt stepped down as chair of the board
- ManagementJeppe Hoff Nielsen stepped down as board member
- ManagementHanne Legardt Blume Levy stepped down as deputy chair
- OwnershipINEOS UK E&P Holdings Limited registered as owner (100%)
- OwnershipØrsted A/S is no longer registered as owner
- CapitalShare capital changed from 1,380,000,000 DKK to 500,000,000 DKK
20161 changecapital 1
- CapitalShare capital changed from 720,000,000 DKK to 1,380,000,000 DKK
20151 changecapital 1
- CapitalShare capital changed from 420,000,000 DKK to 720,000,000 DKK
20143 changesmanagement 2 · capital 1
- ManagementDavid Bruce Cook appointed director
- ManagementSøren Gath Hansen stepped down as director
- CapitalShare capital changed from 300,000,000 DKK to 420,000,000 DKK
20133 changesmanagement 3
- ManagementMarianne Wiinholt appointed chair of the board
- ManagementCarsten Krogsgaard Thomsen stepped down as chair of the board
- ManagementJeppe Hoff Nielsen appointed board member
20123 changesmanagement 3
- ManagementHanne Legardt Blume Levy appointed deputy chair
- ManagementCarsten Krogsgaard Thomsen appointed chair of the board
- ManagementAnders Eldrup stepped down as chair of the board
20081 changeindustry 1
- IndustryIndustry changed to Extraction of crude petroleum (061000)
20071 changeownership 1
- OwnershipØrsted A/S registered as owner (100%)
20063 changesname 1 · address 1 · management 1
- NameName changed from DONG EFTERFORSKNING OG PRODUKTION A/S to DONG E&P A/S
- AddressMoved to Kraftværksvej 53, Skærbæk, 7000 Fredericia
- ManagementHans Jørgen Kruuse Rasmusen stepped down as deputy chair
20031 changemanagement 1
- ManagementPeter Skak-Iversen stepped down as board member
200214 changesmanagement 14
- ManagementHans Jørgen Kruuse Rasmusen appointed director
- ManagementHans Jørgen Kruuse Rasmusen stepped down as director
- ManagementHans Jørgen Kruuse Rasmusen appointed deputy chair
- ManagementPer Mørch Sørensen stepped down as director
- ManagementJens Jakob Kjær stepped down as deputy board member
- ManagementTroels Dam stepped down as board member
- ManagementJesper Ricard Magtengaard stepped down as board member
- ManagementJacob Heinsen stepped down as board member
- ManagementGerhard Albrechtsen stepped down as board member
- ManagementPeter Helmer Steen stepped down as board member
- ManagementSøren van der Sterren Enevoldsen stepped down as deputy board member
- ManagementSvend-Aage Petersen stepped down as board member
- ManagementSøren Bent Guldborg stepped down as deputy board member
- ManagementNiels Erik Hoff-Clausen stepped down as deputy board member
20012 changesmanagement 2
- ManagementAnders Eldrup appointed chair of the board
- ManagementHolger Lavesen stepped down as chair of the board
20003 changesmanagement 2 · industry 1
- ManagementArne Rosenkrands stepped down as deputy board member
- ManagementPer Mørch Sørensen appointed director
- IndustryIndustry changed to Udvinding af råolie og naturgas (111000)
199913 changesmanagement 11 · name 1 · capital 1
- ManagementJens Jakob Kjær appointed deputy board member
- ManagementTroels Dam appointed board member
- ManagementArne Rosenkrands appointed deputy board member
- NameName changed from DANSK OLIE- OG GASPRODUKTION A/S to DONG EFTERFORSKNING OG PRODUKTION A/S
- CapitalShare capital changed from 275,000,000 DKK to 300,000,000 DKK
- ManagementJesper Ricard Magtengaard appointed board member
- ManagementJacob Heinsen appointed board member
- ManagementGerhard Albrechtsen appointed board member
- ManagementPeter Helmer Steen appointed board member
- ManagementSøren van der Sterren Enevoldsen appointed deputy board member
- ManagementSvend-Aage Petersen appointed board member
- ManagementUlla Lund stepped down as board member
- ManagementCelia Grete Juhl stepped down as deputy board member
19981 changecapital 1
- CapitalShare capital changed from 250,000,000 DKK to 275,000,000 DKK
19973 changescapital 1 · management 2
- CapitalShare capital changed from 241,600,000 DKK to 250,000,000 DKK
- ManagementUlla Lund appointed board member
- ManagementLars Nørby Johansen stepped down as board member
19964 changesmanagement 4
- ManagementThomas Bastholm Bille stepped down as deputy board member
- ManagementLars Nørby Johansen appointed board member
- ManagementThomas Bastholm Bille appointed deputy board member
- ManagementJørgen Einar Tandrup stepped down as board member
19953 changesmanagement 3
- ManagementCarsten Ivar Pedersen stepped down as board member
- ManagementBjarne Leth Nielsen stepped down as board member
- ManagementJørgen Ancher Høy stepped down as board member
19941 changemanagement 1
- ManagementErik Sprunk-Jansen stepped down as board member
19911 changemanagement 1
- ManagementBirgit Halmind stepped down as deputy board member
19906 changescapital 1 · management 5
- CapitalShare capital changed from 221,600,000 DKK to 241,600,000 DKK
- ManagementHans Würtzen stepped down as board member
- ManagementLeonhard Schrøder stepped down as board member
- ManagementMichael Lunn stepped down as deputy chair
- ManagementHans Jørgen Paludan-Müller Koch stepped down as deputy board member
- ManagementErik Mollerup stepped down as board member
19893 changesmanagement 2 · capital 1
- ManagementOle Christian Tarp stepped down as deputy board member
- ManagementPeter Wiese stepped down as board member
- CapitalShare capital changed from 211,600,000 DKK to 221,600,000 DKK
19883 changesmanagement 2 · capital 1
- ManagementErling Jørgensen stepped down as board member
- ManagementMartin Herbert Tatham Procter stepped down as board member
- CapitalShare capital changed from 176,600,000 DKK to 211,600,000 DKK
19871 changecapital 1
- CapitalShare capital changed from 141,600,000 DKK to 176,600,000 DKK
198322 changesfounded 1 · management 21
- FoundedRegistered as DANSK OLIE- OG GASPRODUKTION A/S
- ManagementJørgen Ancher Høy appointed board member
- ManagementSøren Gath Hansen appointed director
- ManagementBjarne Leth Nielsen appointed board member
- ManagementCelia Grete Juhl appointed deputy board member
- ManagementCarsten Ivar Pedersen appointed board member
- ManagementHans Würtzen appointed board member
- ManagementMartin Herbert Tatham Procter appointed board member
- ManagementOle Christian Tarp appointed deputy board member
- ManagementLeonhard Schrøder appointed board member
- ManagementBirgit Halmind appointed deputy board member
- ManagementMichael Lunn appointed deputy chair
- ManagementErling Jørgensen appointed board member
- ManagementHans Jørgen Paludan-Müller Koch appointed deputy board member
- ManagementErik Mollerup appointed board member
- ManagementHolger Lavesen appointed chair of the board
- ManagementPeter Skak-Iversen appointed board member
- ManagementErik Sprunk-Jansen appointed board member
- ManagementPeter Wiese appointed board member
- ManagementSøren Bent Guldborg appointed deputy board member
- ManagementJørgen Einar Tandrup appointed board member
- ManagementNiels Erik Hoff-Clausen appointed deputy board member
Related companies
Same people in management
- Falck Danmark A/Svia Lars Nørby Johansen
- Københavns Lufthavne A/Svia Lars Nørby Johansen
- Danfoss A/Svia Erik Mollerup
- Tivoli A/Svia Erik Mollerup
- H. Lundbeck A/Svia Erik Sprunk-Jansen
- MT Højgaard Danmark A/Svia Gerhard Albrechtsen
Largest in the industry
- INEOS Energy (Syd Arne) ApSDKK 697.1m
- BlueNord Energy Denmark A/SDKK 403.7m
- TotalEnergies EP Danmark A/SDKK 309.2m
- Danoil Exploration A/SDKK 4.3m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.