The company reported a 48% year-on-year increase in net income to €1.8 billion ($2.5 billion) as it lifted oil and gas sales by 16% to €14.8 billion, despite a production shutdown in Libya.
Chief executive Rainer Seele said the company is targeting investments of €4 billion over the next five years to grow its operations, with a “special focus” on Norway and Russia, in marked contrast to majors that are cutting capital expenditure.
“We
