Eni 2Q Net Profit Soared on Higher Oil Prices, Production
27 Julio 2018 - 1:48AM
Noticias Dow Jones
By Alberto Delclaux
Eni SpA (ENI.MI) said Friday that its second-quarter net profit
soared on year, on the back of higher oil prices and production
growth.
Net profit at the Italian oil major was 1.25 billion euros
($1.46 billion) compared with EUR18 million in the year-earlier
period.
Adjusted net profit jumped to EUR767 million from EUR463
million, but fell short of a company-compiled analysts' forecast of
EUR1.00 billion, as its operating performance was offset by lower
income from investments and financial items, along with an
increased tax rate, Eni said.
Adjusted operating profit more than doubled to EUR2.56 billion
from EUR1.02 billion, close to estimates of EUR2.58 billion, driven
by improved performance from the exploration and production
business. Adjusted operating profit at the unit rose to EUR2.74
billion from EUR845 million.
Revenue climbed to EUR18.84 billion from EUR18.07 billion.
Eni said it expects capital expenditure to amount to EUR7.7
billion in 2018.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
July 27, 2018 02:33 ET (06:33 GMT)
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