ENI SpA : Q2 2024 earnings above forecasts and guidance lifted. On track for a decline in debt and improved cash returns
>Q2 earnings better than expected - ENI reported its Q2 2024 results with adjusted operating profit at € 3.19bn, up 5% q-o-q and 18.8% above the consensus. Adjusted net profit stood at € 1.52bn, 7% ahead of the consensus with a good performance in E&P by the GG&P division. A strong performance in E&P, guidance lifted for GG&P - In E&P, adjusted operating profit was 9% above the consensus’ forecasts, benefiting from robust production up 5.9% y-o-y f...Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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