Eni Profit Beats Estimates Despite Falling Oil Price, Output
- Production declines on disruptions in Nigeria, Kazakhstan
- Oil majors are still posting high profits amid energy crunch
This article is for subscribers only.
Eni SpA’s profit remained strong in the third quarter, beating estimates despite a decline in oil and gas prices.
The Italian energy follows Shell Plc and TotalEnergies SE, which extended a run of historically high earnings this week. The performance is delivering greater returns for investors, while also keeping the industry in the cross-hairs of governments around the world that are grappling with the cost of energy and considering further market interventions.