Home Fossil Energy Sharp fall in gas prices brings Eni slump in profit
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April 24, 2024,
by
Melisa Čavčić
With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year. However, the oil major still recorded strong financial and operating results, fueled by production growth due to recent acquisitions and an output boost from existing projects.
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