Story perspectives

Eni's Profit Plummets 46%, Plans Strategic Overhaul Ahead

2/28/2025

37 4

Summary

Story summary

Eni's fourth-quarter adjusted net profit fell 46% to 892 million euros, missing analyst forecasts.
CEO Claudio Descalzi noted a pro-forma leverage decrease to 15%, supporting ongoing investments and shareholder returns.
The company reported annual capital expenditures of 8.8 billion euros and operational cash flow of 2.89 billion euros.
Significant losses occurred in Eni's refining and chemicals divisions, prompting an upcoming strategy update.
Eni established a joint venture memorandum with Petronas for projects in Indonesia and Malaysia.

1 of 1

Story summary

Eni's fourth-quarter adjusted net profit fell 46% to 892 million euros, missing analyst forecasts.
CEO Claudio Descalzi noted a pro-forma leverage decrease to 15%, supporting ongoing investments and shareholder returns.
The company reported annual capital expenditures of 8.8 billion euros and operational cash flow of 2.89 billion euros.
Significant losses occurred in Eni's refining and chemicals divisions, prompting an upcoming strategy update.
Eni established a joint venture memorandum with Petronas for projects in Indonesia and Malaysia.