Eni (E) says it plans to increase its 2012 dividend by ~4% despite a similar-sized drop in its...

|By:, SA News Editor

Eni (E) says it plans to increase its 2012 dividend by ~4% despite a similar-sized drop in its Q4 profit, weighed by higher taxes and weaker natural gas sales. "The company will achieve industry-leading upstream growth rates," in 2013, Eni says, with production rising thanks to the start-up of big projects such as the Kashagan oil field in Kazakhstan and the Angola liquefied natural gas project.