Eni, the international oil and gas company, today announces its group results for the second quarter and the first half of 2011 (unaudited).
Financial Highlights
Operational Highlights
Paolo Scaroni, Chief Executive Officer, commented:
“The main feature impacting Eni’s results in the first half of 2011 was the disruption in supply of oil and gas from Libya, which affected all of our business activities. G&P results also suffered from the high supply costs of natural gas, which currently take no account of the expected retroactive benefits of ongoing renegotiations. In this context, Eni delivered solid results, benefitting in particular from improved profitability in E&P. In the first half of the year we have strengthened our growth prospects through the progress on key development projects, continuing exploration success and new agreements which secure access to resources in core and new high potential areas. Management’s expectations for solid full-year results and the Company’s growth and profitability outlook underpin our dividend policy and our proposal for an interim dividend of €0.52 per share.”
[mappress] Source: Eni, July 29, 2011;