ENI SpA : Results in line, increase in debt and share buybacks
>Operating profit 9% ahead of expectations, net profit in line - ENI has reported its Q1 2024 results, with adjusted operating profit of € 3bn, up 9% QoQ and 9% above the consensus. Adjusted net profit was € 1.58bn, 1% above the consensus. The group has made a number of changes to its reporting to include joint ventures in operating profit.Solid production in E&P, GGP could surprise favourably once again - In E&P, adjusted EBIT came in 2% below consen...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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