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Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), beating analysts' expectations, helped in part by a positive arbitration outcome.
Eni's fourth-quarter and 2023 earnings surpassed estimates, largely due to a record-breaking performance in its gas and LNG division, offsetting weaker oil prices and refining margins.
Eni has completed the drilling of a second appraisal well at the Cronos natural gas discovery offshore Cyprus
Cargo volumes from Ukraine’s deep-water ports are running at about two-thirds of their pre-invasion levels
Eni S.p.A. (ETR:ENI – Get Free Report)’s stock price was down 0.5% on Monday . The company traded as low as €14.29 ($15.36) and last traded at €14.30 ($15.38). Approximately 2,037 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 27,056 shares. The stock had previously closed at […]