Eni said Thursday that it made an
adjusted net profit at 1.41 billion euros in the first three
months of 2025, a drop of 11% compared to the same period in
2024. The Italian energy giant said hydrocarbon production fell
by 5% in the quarter to 1.64 million barrels per day.
It also said that it has revised its spending plans for 2025 due
to "macro headwinds and uncertainty around trade tariffs.
"Mitigating actions around capex, portfolio, costs and other
cash initiatives are expected to offset over €2 bln of negative
scenario effects," Eni said.
The Financial Times, meanwhile, reported that the British
government and Eni on Thursday will give the final go-ahead to a
huge carbon capture and storage project in the HyNet North West
industrial hub close to Liverpool and Manchester.
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