Friday, February 15, 2013 3:30 am
Eni Q4 earnings flat as Libya offset by taxes
The Associated Press
Eni says Friday its net profit for the quarter ending Dec. 31 was (EURO)1.52 billion ($2 billion) against (EURO)1.54 billion a year earlier.
Eni says 2012 was a record year for exploration with discovered resources of 3.64 billion barrels of oil equivalent, or six times annual production. Progress was made in Mozambique, West Africa, Indonesia and the Barents Sea.
Oil and natural gas production for the year was 1.7 million barrels a day, up 7 percent from 2011.
Full year earnings rose 3 percent at (EURO)7.1 billion.
Eni is also raising the dividend to (EURO)1.08 a share from (EURO)1.04.