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  • Data analysis

    Eni reported a 29% YoY fall in Q3-2013 adjusted net profit to €1.2 billion (US$1.6 billion). The decline was due to weaker operating results, lower income from interest and industrial JVs, and an increase in tax rates.Production was down 4% YoY to 1.65 MMBOE/d (51% liquids) due to extraordinary reductions in Nigeria and...

    • October 30, 2013
    Headlines,Results & Reports
    • October 30, 2013
    Headlines,Results & Reports

    Eni reported a 29% YoY fall in Q3-2013 adjusted net profit to €1.2 billion (US$1.6 billion). The decline was due to weaker operating results, lower income from interest and industrial JVs, and an increase in tax rates.

    Production was down 4% YoY to 1.65 MMBOE/d (51% liquids) due to extraordinary reductions in Nigeria and Libya.

    Q3-2013 highlights

    • Revenue of €29.4 billion, down 7% YoY
    • Net gain of €3 billion on the divestment of 28.57% interest in Area-4, Mozambique, to CNPC
    • Capex was €3.05 billion, down 5% YoY

    The company expects full year production to be lower compared to 2012 due to the impact of geopolitical factors, particularly in Nigeria and Libya.

    View Eni press release