comscore Eni 3Q profit rises 3 percent
Top News

Eni 3Q profit rises 3 percent

Honolulu Star-Advertiser logo
Unlimited access to premium stories for as low as $12.95 /mo.
Get It Now
[ AD HAS BEEN REMOVED FROM THIS STORY ]

MILAN (AP) — Eni SpA, Italy’s largest natural gas and oil company, says third-quarter net profit rose 3 percent despite production setbacks from the Libyan conflict.

Net profit for the quarter that ended Sept. 30 was (euro) 1.77 billion ($2.47 billion), compared with (euro) 1.72 billion in the same period a year earlier.

The Rome-based company said Thursday adjusted net profit, which excludes changes in the value of inventories and special items, was up 5 percent to (euro) 1.79 billion from (euro) 1.7 billion a year earlier.

Eni said oil and natural gas production was down 13.6 percent to 1.47 million barrels of oil equivalent a day. Eni restarted both natural gas and oil production in Libya during the last part of the quarter.

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up