MILAN, Feb 16 (Reuters) - Italian oil major Eni signalled on Friday it could create "substantial surplus value" for shareholders in the future after profits in the fourth quarter more than doubled, beating market expectations.
Eni Chief Executive Claudio Descalzi said in a statement the group saw excellent growth prospects for all of its businesses and that "should conditions be more favourable, (Eni) will be in a position to create a substantial surplus value for shareholders."
The state-controlled major confirmed a dividend of 0.8 euros a share.
Eni said its adjusted net profit in the last quarter of 2017 was 0.98 billion euros, well above an analyst consensus provided by the company of 0.57 billion euros.
The group, which hit its all time production high in December with 1.92 million boe/d, said it expected its production to rise 3 percent this year.
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