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Italian energy group

Eni Q1 profits jump on stronger oil prices
Markets

Eni Q1 profits jump on stronger oil prices

  • Adjusted net profits in the period came in at 0.27 billion euros ($327 million), below an analyst consensus provided by the company of 0.44 billion euros. In the fourth quarter they were 0.5 billion euros.
Published 30 Apr, 2021 11:24am
Eni unit to buy FRI-EL Biogas in decarbonisation drive
Business & Finance

Eni unit to buy FRI-EL Biogas in decarbonisation drive

  • Eni said its unit Ecofuel had reached an agreement with FRI-EL Greenpower, a Gostner family holding, to buy FRI-EL Biogas Holding, but did not provide any financial details of the deal.
  • The deal is part of Eni's broader decarbonization strategy, which aims to eliminate all emissions from industrial processes and products by 2050.
Published 22 Mar, 2021 07:11pm
Italy's Eni beats expectations in last quarter after 'year like no other'
Markets

Italy's Eni beats expectations in last quarter after 'year like no other'

  • The unprecedented fall in demand triggered by the COVID-19 pandemic led bigger European rivals Shell and BP and US majors Exxon Mobil and Chevron to report heavy losses for the year.
  • Eni shares fell sharply last year, hitting their lowest in a quarter of a century as the health pandemic shook oil markets.
Published 19 Feb, 2021 06:20pm