Norway's $1.9 trillion sovereign wealth fund reduced its holdings in several oil and gas majors in the first half of the year, according to holdings posted on its website on Tuesday.

The fund trimmed its position in Exxon Mobil (XOM) to 1.32% from 1.46% at the end of 2024, while its stake in Shell (SHEL) fell to 2.55% from 2.78%.

Positions in Chevron Corp (CVX) were cut from 1.14% to 1.07%, BP (BP) from 4.40% to 3.15% and TotalEnergies (TTE) was also cut from 1.85% to 1.49%.