U.S. companies have a strong presence, with over 650 firms employing 50,000+ people in Norway (per U.S. State Department data). Giants like BlackRock, a major institutional investor, hold stakes in Norwegian firms such as Equinor (1-2% ownership) and manage funds like the iShares MSCI Norway ETF. The U.S. likely ranks among the top individual countries for FDI, especially in energy and tech.

Large asset managers like BlackRock (U.S.), Vanguard (U.S.), and sovereign funds from places like Abu Dhabi or China also invest heavily in Norwegian equities and bonds via global portfolios. BlackRock’s involvement in projects like the Guleslettene wind farm (2018) shows targeted investment beyond mere stock ownership.