Skip to main content

Eni in profit

Published by
LNG Industry,

Eni swung to a net profit last year on the back of higher oil and gas prices and an increase in production.

Eni reported a net profit of €3.43 billion for the full year of 2017, compared to a €1.46 billion loss in the year before.

On an adjusted basis net profit jumped to €2.41 billion in 2017 as compared to €340 million loss the year before.

Eni said its net profit and adjusted net profit in the last quarter of 2017 was €2.1 billion and €0.98 billion, respectfully. This compares to €340 million and €459 million in the previous year.

Eni said that hydrocarbon production reached 1.92 million boe/d in December 2017, marking an all-time high for the company.

The Italian company produced an average of 1.89 million boe/d in the fourth quarter, up by 1.9%, while full-year production rose 3.2% to 1.82 million boe/d.

Eni expects its production to rise 3% this year.

Eni confirmed a dividend of €0.8 a share.

Read the article online at:

You might also like


[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »


Embed article link: (copy the HTML code below):