Eni's Q2 profit exceeds expectations, leading to a €1bn increase in full-year EBIT guidance.
Eni's second-quarter profit beat expectations due to strong performance in its upstream business, prompting the company to raise its guidance for the year. The Italian energy giant reported an adjusted net income of €1.52 billion ($1.7 billion) for the second quarter, exceeding the average analyst estimate of €1.46 billion. Eni raised its full-year target for proforma adjusted earnings before interest and taxes by €1 billion to about €15 billion.
July 26, 2024
7 Articles