Eni SpA

ENI: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€29.10	Cppr	Mbzyzjn

Eni Earnings: Profit Falls on Lower Oil and Gas Prices

Allen Good

Apr 28, 2023

Eni reported adjusted net earnings of EUR 2.9 billion for the first quarter, a small decline from adjusted net earnings of EUR 3.2 billion a year ago. The weakening profit was a result of lower oil and gas prices, which fell 20% and 42%, respectively, from last year.

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