Eni records slight dip in net profit. Production rises

Italian oil company Eni reported a slight drop in its first-quarter profit of 2018, compared to the first quarter of 2017.

The company’s first-quarter profit was 946 million euros, two percent down from 965 million euros realized in the first quarter a year ago. Worth noting, 1Q 2017 included a gain recorded on the divestment of a 10% interest in the Zohr gas field amounting to €339 million.

Eni’s adjusted net profit in 1Q 2018 was 978 million euros, a 31 percent increase compared to 744 million euros in the first quarter a year ago.

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