Eni Q1 Profit Misses Forecast

Wednesday, April 24, 2019

Italian energy group Eni stuck to its production growth targets for the year on Wednesday, as it reported profits for the first quarter coming in below market expectations.

Adjusted net profit in the quarter rose 4 percent to 992 million euros ($1.1 billion), below an analyst consensus provided by the company of 1.05 billion euros.

The oil major confirmed its oil and gas production would grow by 2.5 percent in 2019 with Brent at $62 per barrel and net of portfolio transactions. 


($1 = 0.8922 euros)

(Reporting by Stephen Jewkes Editing by Isla Binnie)

Categories: Finance Energy Industry News Oil Production

Related Stories

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Brownfield Output Decline Accelerates, says IEA

DOF Secures Moorings Hook-Up Job in Asia Pacific

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

Norwegian Oil Investment Will Peak in '25

CNOOC Brings New Offshore Gas Field On Stream

CNOOC Starts Production at Offshore Field in South China Sea

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com