Eni sees profit drop in 2Q

Italian oil and gas company Eni saw its profit drop by 66% in the second quarter 2019 when compared to the same period last year.

Eni reported on Friday that its adjusted operating profit for 2Q 2019 was €2.28 billion, down by 11% q-o-q and adjusted operating profit of €2.56 billion. Excluding the impact of the loss of control over Eni Norge on the 2018 results to allow a-like-for-like comparison, the group adjusted operating profit increased by 9% in the quarter.

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