Italy’s Eni, the international oil and gas company, today net profit of €6.33 billion for the nine months and €2.48 billion for the quarter 2012.
The oil company’s net profit was at €5.61 billion for the nine months (an increase of 4.6%) and €1.78 billion for the quarter (up 3.1%).
Oil and natural gas production also rose. The production was at 1.718 million boe per day in the quarter. Up 16% from 2011 on a comparable basis (up 8% in the nine months)
Paolo Scaroni, Chief Executive Officer, commented:
“In the third quarter, Eni delivered strong results with production growth supported by the continued improvement of the Libyan output. In the gas, refining and chemical sectors we have contained the impact of a difficult European scenario. Eni’s financial structure has been strengthened as a result of the divestment of our stakes in Snam and Galp and this will bolster our excellent growth prospects, which will be further fuelled by our portfolio of development projects and our extraordinary success in exploration activities.‘
Offshore Energy Today Staff, October 30, 2012