Eni chops capex amid $5 billion loss as Covid-19 slashes output

Italian player cuts capex by $3 billion, approximately 35% lower than the initial capital budget

Q2 loss: Eni chief executive Claudio Descalzi
Q2 loss: Eni chief executive Claudio DescalziPhoto: REUTERS/SCANPIX
Published 30 July 2020, 07:59Updated 30 July 2020, 07:59