Statoil CEO presents "very ambitious" green energy target

After presenting the company's best quarterly report ever, Statoil's CEO Eldar Sætre elaborated on the energy major's increased focus on renewables, its 2030 target and the slightly criticized new name. "It's a clear strategy that we will not just be an oil and gas company," he said.

Photo: Roar Lindefjeld/Woldcam - Statoil PR

Eldar Sætre, CEO of Statoil, was chipper when he presented his best adjusted quarterly report ever at an investor conference Wednesday.

"This is the strongest quarterly report I've been able to present. We're now really seeing the improvement of reduced costs and increased capacity. Along with higher oil and gas prices, there is significant value creation," he said.

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