Baku 17° C
Eni's net profit falls 49% on weaker energy prices
Energy
- 28 July, 2023
- 08:47
Add Report.az to preferred Google sources
Stay up to date with the top news!
Italy's Eni ENI.MI said its second-quarter adjusted net profit dropped 49% from last year reflecting falling oil and gas prices and weaker refining margins.
Report informs via Reuters that adjusted net profit in the period came in at 1.94 billion euros ($2.13 billion) down from a bumper result of 3.81 billion euros a year ago, but above an analyst consensus of 1.6 billion euros.
Eni said it would continue its buy-back programme worth 2.2 billion euros.
Author
Latest News
15:32
Expert calls for legal and tax reforms to develop Islamic finance in Azerbaijan
Finance
15:25
Burkina Faso welcomes holding of OIC anti-corruption bodies' meeting in Baku
Other
15:25
Photo
Azerbaijan, Dutch firm Wonderful discuss accelerating digital transformation
ICT
15:19
Armenia and Slovenia sign memorandum to expand political dialogue
Region
15:14
Azerbaijan to host 10th World Forum on Gastronomy Tourism
Tourism
15:12
Expert: New microcredit market could be created in Azerbaijan
Finance
15:04
Naftogaz, US State Department agree on partnership in oil and gas sector
Other countries
14:54
Ankara to host OTS Foreign Ministers meeting tomorrow
Foreign policy
14:36
Presidential office in S. Korea to hold emergency meeting over financial-sector hacking attacks
Other countries