Economy News – Follow-up
The Italian Energy Company reported a remarkable net profit of €0.9 billion ($0.94 billion) for the fourth quarter. This significant financial achievement underscores the resilience and strategic execution of the company during a dynamic economic landscape.
CEO Claudio Descalzi commented, “2024 has been an exceptional year in terms of growth and value creation for Eni.” His remarks reflect the company’s performance and its ongoing efforts to enhance operational efficiency.
Total revenue before interest and taxes reached €2.7 billion, indicating a robust financial position. In the exploration and production sector specifically, revenues before interest and taxes amounted to €2.8 billion, bolstered by the successful integration of high-value barrels from new projects alongside strong implementation and effective cost management.
To receive more updates, subscribe to our channel on Tilekram
