Eni’s Profits Soar On “Excellent” Gas Business

OilPrice.com | Oct 28, 2022 at 10:45 AM
  • Reported on Friday third-quarter core earnings and net profit beating analyst expectations amid what the Italian energy group described as an “excellent performance” of its Global Gas & LNG Portfolio.
  • Eni’s adjusted net profit for the third quarter came in at $3.7 billion (3.73 billion euros), more than double compared to the same period of 2021, and above the consensus estimate.
  • Norway’s Equinor raised its extraordinary dividend after reporting on Friday record earnings for the third quarter due to surging natural gas prices in Europe.