Eni profit soars on higher output

The Italian company on Friday posted a net profit of 1.25 billion euros for the second quarter of 2018 compared to a profit of €18 million in the same period last year.

Eni’s adjusted operating profit in the quarter was €2.56 billion, up by 152% when compared to the last year’s performance and adjusted operating profit of €1.019 billion.

Eni’s hydrocarbon production for the second quarter 2018 was 1.86 million boe/d, a 5% increase from last year’s quarterly production of 1.77 million boe/d.

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