Energean reports significant production and earnings growth, targeting asset sales and investing in sustainability.

Energean, an oil and gas firm, reported a 31% rise in daily production and a 44% increase in earnings before taxes, interest, depreciation, and amortization (EBIDTAX) to $894 million in the January-September 2024 period. Production in Israel increased 39% year-over-year, unaffected by geopolitical events. Energean aims to complete the sale of its Egypt, Italy, and Croatia assets by year-end 2024 and has secured funding for its Prinos carbon storage project in Greece. The company is focused on sustainability and shareholder value.

November 28, 2024
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