Eni: Q2 adjusted net profit falls 21%

(CercleFinance.com) - Eni announces a 21% drop in Q2 adjusted net profit, to E1.
52bn, broadly in line with expectations, despite a 6% rise in hydrocarbon production.

Adjusted EBIT (proforma) came to E4.1bn, down 3%.

Based on the positive operating performance of E&P (Exploration & Production), Eni expects full-year hydrocarbon production to be at the upper end of the anticipated range of 1.69m to 1.71m barrels of oil equivalent per day, at a forecast Brent price of $86 per barrel.

For Enilive and Plenitude, Eni is targeting pro forma adjusted EBITDA of around E1bn for each segment, despite a weaker market environment.

Finally, the group aims to achieve installed renewable capacity of 4 GW by the end of 2024 (+30% y-o-y).


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