ENI S.p.A. (E) - NYSE
  • Feb. 13, 2014, 4:38 AM
    • Eni's (E) Q4 adjusted net profit dropped 14% to €1.3B but topped forecasts of €1.2B.
    • Net sales from operations fell 19% to €26.3B.
    • Output dropped 9.7% to 1.577M barrels of oil equivalent a day.
    • Eni's earnings were hurt by disruptions to its operations in Africa, lower refining results and the strengthening of the euro vs the dollar.
    • Nonetheless, Eni plans to increase its dividend by 1.9% to €1.10 a share on 2013 earnings.
    • Eni also said that it has discovered the equivalent of 2.5B barrels of oil and gas off the coast of the Republic of Congo in West Africa.
    • Eni gave a downbeat outlook for 2014, "due to weak growth prospects in the eurozone and risks concerning emerging economies." (PR)
    | Feb. 13, 2014, 4:38 AM
Company Description
Eni SpA engages in the exploration and production of oil and natural gas; processing, transportation, and refining of crude oil; transport of natural gas; storage and distribution of petroleum products; and the production of base chemicals, plastics and elastomers. It operates through the... More
Industry: Major Integrated Oil & Gas
Country: Italy