Number of Employees

Number of employees (by operating segment)

2025

2024

By operating segment:

Average

Year-end

Average

Year-end

Lease and Operate

3,553

3,650

3,061

3,455

Turnkey

2,281

2,374

2,112

2,188

Other

772

825

710

718

Total excluding employees working for JVs and associates

6,605

6,849

5,883

6,361

Employees working for JVs and associates

29

2

294

56

Total

6,634

6,851

6,176

6,417

Number of employees (by geographical area)

2025

2024

By geographical area:

Average

Year-end

Average

Year-end

the Netherlands

576

621

513

530

Worldwide

6,030

6,228

5,370

5,831

Total excluding employees working for JVs and associates

6,605

6,849

5,883

6,361

Employees working for JVs and associates

29

2

294

56

Total

6,634

6,851

6,176

6,417

The figures exclude fleet personnel hired through crewing agencies as well as other agency and freelance staff for whom expenses are included within ’Other employee benefits’.

The increase of headcount at year end is primarily due to the strong FPSO construction portfolio, with good progress on FPSO Jaguar and FPSO GranMorgu, the production ramp-up on FPSO Almirante Tamandaré, FPSO Alexandre de Gusmão and FPSO ONE GUYANA in 2025, offset by the sale of FPSO Aseng in 2025.

The reduction in the average ’Employees working for JVs and associates’ line is explained by the sale of FPSO Kikeh at the end of 2024 and the change in consolidation method of FPSOs N’Goma, Saxi Batuque and Mondo as local employees were transferred from the ’Employees working for JVs and associates’ line to the ’Lease and Operate’ line.