The company reported its Q4 17 figures with adjusted net results of €975m, 69% higher than expected by the consensus. The beat on expectations was driven by a greater sensitivity to oil prices than previously expected and lower taxes. All in all, good results but the cash flow position remains a bit less attractive vs. the sector currently (cash flow break-even at $57/bbl).
19 Feb 2018
Q4 17: above expectations, greater sensitivity to oil prices
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Q4 17: above expectations, greater sensitivity to oil prices
Eni S.p.A. (ENI:WBO) | 0 0 0.9% | Mkt Cap: 49,527m
- Published:
19 Feb 2018 -
Author:
Alexandre Andlauer -
Pages:
3
The company reported its Q4 17 figures with adjusted net results of €975m, 69% higher than expected by the consensus. The beat on expectations was driven by a greater sensitivity to oil prices than previously expected and lower taxes. All in all, good results but the cash flow position remains a bit less attractive vs. the sector currently (cash flow break-even at $57/bbl).