Eni Profit Rises 13% on Higher Oil Prices, Recovered Output
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Eni SpA, Italy’s largest oil producer, reported a 13 percent gain in first-quarter profit after crude prices increased and Libyan output recovered.
Adjusted net income rose to 2.48 billion euros ($3.27 billion) from 2.22 billion euros a year earlier, the Rome-based company said today in a statement. That beat the 2.28 billion-euro average estimate of 14 analysts surveyed by Bloomberg.