Eni SpA posted a surprise loss as a heavier tax burden added to the problems of low oil prices and a production shutdown in Italy. Shares fell.
The company’s adjusted net loss was 290 million euros ($321 million) compared with a profit of 505 million euros a year earlier, it said in a statement Friday. That compares with the 78.2 million-euro average profit estimate in a Bloomberg survey. The company maintained its dividend at 40 euro cents a share.