The company’s net profit for the quarter was 523 million euros, down 66 percent from 1,5 billion euros in the third quarter of 2018. Adjusted net profit was 776 million euros, a 44 percent fall compared to 1,38 billion euros in the corresponding quarter of last year.
Explaining the profit drop, Eni cited lower oil and gas prices (Brent was down by 18% compared to 3Q 2018) and the prior year contribution from the former subsidiary Eni Norge which was merged with Point Resources to establish Vår Energi, leading to the de-recognition of Eni Norge.
Brazil Energy Insight 
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