Enis new sustainability report describes the company s transformation towards net zero
édité le 12/05/2021 - Plus de news de ENI - Voir la fiche entreprise de ENI
Today, Eni releases Eni for 2020, its 15th voluntary sustainability report, which illustrates Enis concrete contribution to a just transition, building on the company s path towards carbon neutrality by 2050.
Eni for shows our commitment to a socially fair and inclusive energy transition that ensures access to energy for all while protecting the environment, said Claudio Descalzi, Enis Chief Executive Officer. In the last years, we have set our strategy on an evolution of our business model that is strongly focused on long-term value creation for all our stakeholders, tracing the path to carbon neutrality by 2050. By pursuing this vision, we have strengthened our partnerships with international organizations and development agencies which constitute an effective tool to mobilize resources that are not e
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Eni reports five-fold jump in adjusted net profit in Q1 2021 03 May 2021 (Last Updated May 3rd, 2021 12:31)
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Eni petrol station in Lentiai, Italy. Credit: Petar Milošević.
Italian multinational oil and gas company Eni has reported a nearly five-fold increase in adjusted net profit in the first quarter of this year.
The figure jumped from €59m in Q1 2020 to €270m in Q1 2021 as stronger oil prices mitigated the impact of lower production.
The company’s quarterly adjusted operating profit increased 1% from €1.3bn to €1.32bn on a year-on-year basis.
Furthermore, the exploration and production (E&P) business continued its rebound recording a first quarter adjusted operating profit of €1.38bn, a 33% jump compared to €1.03bn posted in the same period a year ago.
Eni announces first quarter 2021 results
03 May 2021
Having examined the results, Eni CEO Claudio Descalzi said: The first quarter of 2021 has been significantly impacted by ongoing national lockdowns, however despite this Eni has achieved significantly improved results, most notably driven by E&P and the chemicals business. Meanwhile, our retail G&P business continued to grow steadily, with year-on-year EBIT increasing by 19% as we leverage our unique and expanding customer base in the power segment and benefit from a greater contribution from extra-commodity services.
The performance of R&M was largely driven by lower demand for fuels across Europe due to the pandemic, plus negative refining margins. Against the backdrop of an ongoing complex scenario, adjusted EBIT of €1.3 billion is in line with the first quarter of last year and three times higher than the fourth quarter of 2020, while net profit grew to €270 million, an almost five times increase compared to the first