By Max Bernhard

Eni SpA (ENI.MI) said Wednesday that its first-quarter net profit and revenue rose and confirmed its 2019 outlook for hydrocarbon production.

Net profit was 1.09 billion euros ($1.22 billion) compared with EUR946 million in the year-earlier period. Adjusted operating profit was EUR2.35 billion, compared with EUR2.38 billion last year and analyst expectations of EUR2.53 billion.

Revenue rose to EUR18.80 billion from EUR18.07 billion.

Looking to the year ahead, the company confirmed its outlook for hydrocarbon production, which it expects to grow 2.5%.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

April 24, 2019 08:48 ET (12:48 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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