Italy’s Eni posted adjusted operating profit of €3.49 billion in the first quarter of this year, down 6.8% from the first quarter 2013.
Financial highlights
Operational highlights
Paolo Scaroni, Chief Executive Officer , commented: “Eni delivered solid results in the first quarter 2014, despite a difficult market environment, thanks to a good performance in E&P and progress in the mid and downstream businesses, in particular with the renegotiation of the Statoil gas supply contract. The outlook for 2014 is in line with our expectations, benefiting from the ramp-up of new projects and restructuring activities in G&P, R&M and Chemicals, in the context of continued volatility in Libya and weakness in European demand.”