Italy’s oil and gas giant Eni posted a net profit of more than €8.3 billion for the full year of 2023, marking a 38% decrease from its previous year’s profit of $13.3 billion, according to its financial results statement released on Friday.
Despite volatile markets with weaker oil and plummeting European natural gas prices, the Italian company reported a €3.2 billion fourth-quarter profit before tax, bringing full-year profit to €15.1 billion, the company said.
According to Eni CEO Claudio Descalzi, “2023 was another year of excellent results for Eni in the face of an uncertain and volatile scenario.”
“We delivered strongly on both financial and operational targets and we continued to progress our strategy of generating value while decarbonizing and ensuring secure and affordable energy supplies to markets,” Descalzi added.
Eni will issue its financial and operating targets for 2024 and its strategic plans at a capital markets day on March 14, according to the statement.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr