The company published its Q4 16 results this morning and reported better than expected results with a net income at €459m for Q4 16 compared to the €200m expected by the consensus. Cash flow was also good as the group generated €3.2bn in Q4 16, up from €1.3bn in Q3 16. For the full year, cash flow from operations was €8.3bn, covering 95% of capex with oil prices at $44/bbl on average. Q4 16 production came down 1.5% yoy while for the full year 2016 it was 1.76mbpd, st
01 Mar 2017
First view: better than expected on strong E&P
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First view: better than expected on strong E&P
Eni S.p.A. (ENI:WBO) | 0 0 0.9% | Mkt Cap: 49,527m
- Published:
01 Mar 2017 -
Author:
Alexandre Andlauer -
Pages:
2
The company published its Q4 16 results this morning and reported better than expected results with a net income at €459m for Q4 16 compared to the €200m expected by the consensus. Cash flow was also good as the group generated €3.2bn in Q4 16, up from €1.3bn in Q3 16. For the full year, cash flow from operations was €8.3bn, covering 95% of capex with oil prices at $44/bbl on average. Q4 16 production came down 1.5% yoy while for the full year 2016 it was 1.76mbpd, st