Austrian integrated oil and gas company OMV recorded a 44% increase in second-quarter operating income, revealed in its financial results released Wednesday.

It rose from $805 million in the same period last year, to $1.1 billion in Q2 2019, Kallanish Energy reports.

Net income was $566 million in the second quarter, a 36.6% increase from last year’s $384 million.

Total capital expenditures (Capex) was $547 million, a sharp 71.2% plunge from last year’s $1.9 billion. In Q2 2018, the high Capex was due to the acquisition of a 20% stake in two offshore oil fields in Abu Dhabi for $1.5 billion.

Organically, Capex for the year is expected to reach $2.5 billion, which would be a 16% increase from $2.1 billion in 2018.