ENI SpA : Q3 2024 results ahead of expectations – Progress in strategic plan with improved returns to shareholders
>Q3 results ahead of expectations - ENI reported its Q3 2024 results with adjusted operating profit at € 2.44bn, down 23% q-o-q and 8.5% above the consensus. Adjusted net profit stood at € 1.27bn, 18% ahead of the consensus with a good performance in all divisions apart from downstream. A strong performance in E&P, guidance lifted for GG&P - In E&P, adjusted operating profit was 4% above consensus despite a 3% decline in production to 1,661 kboe/d....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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