The group reported Q2 15 earnings in line with expectation at €0.5bn (excluding Saipem). Including Saipem, adjusted net profit came in at €0.14bn (vs. €883m a year earlier). By division: 1) E&P adjusted operating income came in at €1.5bn, down 48% yoy, but 50% higher than in the Q1 15 thanks to higher production. Production came in at 1.754mbpd up 11% yoy thanks to the PSC effect, but also to the continuing ramp-up of production (+105kbpd) at fields started at the end

30 Jul 2015
Strong cash flow, upwards revision on production

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong cash flow, upwards revision on production
Eni S.p.A. (ENI:WBO) | 0 0 0.9% | Mkt Cap: 49,527m
- Published:
30 Jul 2015 -
Author:
Alexandre Andlauer -
Pages:
2 -
The group reported Q2 15 earnings in line with expectation at €0.5bn (excluding Saipem). Including Saipem, adjusted net profit came in at €0.14bn (vs. €883m a year earlier). By division: 1) E&P adjusted operating income came in at €1.5bn, down 48% yoy, but 50% higher than in the Q1 15 thanks to higher production. Production came in at 1.754mbpd up 11% yoy thanks to the PSC effect, but also to the continuing ramp-up of production (+105kbpd) at fields started at the end