Eni: 3.71 billion profit. Descalzi, “Excellent results” – AGI – Agenzia Journalistic Italy

Eni: 3.71 billion profit. Descalzi, "Excellent results" – AGI – Agenzia Journalistic Italy

Economy

22:31 February 18, 2015

(AGI) – Rome, February 18 – “In the fourth quarter, in the presence of an unfavorable market environment, Eni has achieved excellent results and cash generation record over the past six years.” So ‘the CEO of Eni, Claudio Descalzi, commented on the results of the last three months of the year. “The main reasons for this performance were the high value of the upstream production and accelerate the restructuring of the business mid-downstream. Also continued – explained Descalzi – initiatives, launched in May 2014, the rebalancing of the portfolio group , focusing on the activities ‘core upstream further strengthened by the continuing exploration success and a constant organic growth of proved reserves, and the search for a greater level of efficiency. Depending on the results achieved propose’ to the next Board of Directors to distribute a final dividend 2014 of 0.56 euro per share. ”

Descalzi added that Eni in Libya currently has a production of around 300,000 barrels per day. Last year, the media and ‘amounted to about 240 million barrels a day. “In the last quarter we went close to 275,000 barrels per day,” said the manager, pointing out that there have been no damage to structures Eni in the country.

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