Italian Eni reports almost €2.4 million profit in 1Q23

Italian Eni posted a 33% loss in net profit during the first quarter of 2023 of around €2.4 billion (around $2.6 billion) compared to €3.6 billion in the same quarter of last year, according to its financial results statement released on Friday.

The company recorded nearly $627 million in profit during the last quarter of last year.

The revenue for the January–March period reached €27.4 billion, compared to €32.5 billion for the same quarter of 2022.

The company’s fourth-quarter 2022 revenue amounted to €31.4 billion.

• company's fourth-quarter 2022 revenue amounted to €31.4 billion.