Eni's 3Q Net Loss Narrows
October 28 2016 - 3:02AM
Dow Jones News
By Eric Sylvers
MILAN--Eni SpA (ENI.MI) Friday said its third quarter net loss
narrowed as the Italian oil and gas company booked fewer
extraordinary charges but continued to struggle with low crude
prices.
The net loss in the three months to the end of September was 562
million euros ($613 million) compared with a net loss of EUR783
million in the same period last year. Revenue fell 18% to EUR13.12
billion.
Production remained largely unchanged in the quarter at 1.71
million barrels of oil equivalent a day. The startup of new fields
offset the forced temporary shutdown of the Italian company's main
domestic production site. Excluding the shutdown, production rose
2.2%.
Write to Eric Sylvers at eric.sylvers@wsj.com
(END) Dow Jones Newswires
October 28, 2016 02:47 ET (06:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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