Biggest earnings miss since 2016 underscores recent volatility in firm’s earnings

Profit at three-year high but refining and trading fall short of expectations

Market value and total output of Europe’s largest energy company still below that of Exxon

Asset sales and cost cuts have helped the company pay down debt and boost profit

Europe’s largest oil company continues to adjust to the slump in energy prices

Crude’s collapse below $28 a barrel has driven firm’s market value to seven-year low

Brent crude surges by as much as 12% to hit $54 a barrel, WTI moves above $50 a barrel