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Eni S.p.A. Reports Strong Start to 2024
Company Announcements

Eni S.p.A. Reports Strong Start to 2024

Eni S.P.A. (E) has released an update.

Eni S.p.A., an Italian multinational oil and gas company, has reported a robust first quarter in 2024, with a significant increase in hydrocarbon production and a strong adjusted net profit of €1.6 billion, despite a challenging market with fluctuating gas prices and refining margins. The company has made strategic moves including the acquisition of Neptune Energy and a combination with Ithaca Energy, aimed at bolstering its gas and OECD country exposure. Additionally, investments in the renewable and retail segment through Enilive and Plenitude have shown substantial growth, contributing positively to Eni’s financial performance.

For further insights into E stock, check out TipRanks’ Stock Analysis page.

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