Some comments on ENI's Q3 15 reports. The group reported a net loss (excluding Saipem) of €0.3bn vs. expected. Adjusted operating profit was €752m. By division: - In the E&P division, adjusted operating profit was €757m, down 75% yoy, mainly driven by lower energy prices. Production in Q3 15 was up 8.1% to 1.7mbpd and full-year guidance was raised to 9% growth (vs. 7% earlier), the second upward revision for the year. Excluding price effects, production increased by 4.3% du
12 Nov 2015
Strong Upstream, worrying Gas & Power
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Strong Upstream, worrying Gas & Power
Eni S.p.A. (ENI:WBO) | 0 0 0.9% | Mkt Cap: 49,527m
- Published:
12 Nov 2015 -
Author:
Alexandre Andlauer -
Pages:
2
Some comments on ENI's Q3 15 reports. The group reported a net loss (excluding Saipem) of €0.3bn vs. expected. Adjusted operating profit was €752m. By division: - In the E&P division, adjusted operating profit was €757m, down 75% yoy, mainly driven by lower energy prices. Production in Q3 15 was up 8.1% to 1.7mbpd and full-year guidance was raised to 9% growth (vs. 7% earlier), the second upward revision for the year. Excluding price effects, production increased by 4.3% du