Eni’s profits halve in first quarter but remain ahead of forecasts

Share price increases in morning trading as company beats expectations and announces higher buyback target

Eni's chief executive Claudio Descalzi speaking during the opening ceremony of the commissioning of the new oil and gas field, exploited by Eni and its partner Petroci in Port-Bouet, Ivory Coast, last November. — Eni's chief executive Claudio Descalzi speaking during the opening ceremony of the commissioning of the new oil and gas field, exploited by Eni and its partner Petroci in Port-Bouet, Ivory Coast, last November.Photo: AFP/SCANPIX

Davide Ghilotti

Acting Breaking News EditorLondon

Eni Claudio Descalzi Guido Brusco Europe Western Europe

Published 24 April 2024, 06:21Updated 24 April 2024, 07:38