Oil And Gas Business Helps Eni Beat Q3 Earnings Estimates ...Middle East

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Italy’s energy major Eni (NYSE: E) booked an adjusted net profit for the third quarter that beat consensus estimates as strong upstream performance partly offset lower commodity prices compared to the same period last year. Eni reported on Friday adjusted net profit of $1.9 billion (1.82 billion euros), which was “impacted by weaker hydrocarbon prices, but significantly offset by underlying business outperformance.” The figure compares with a company-provided analyst consensus of $1.72 billion (1.63 billion euros). Year-over-year,…

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