Oct 26, 2018
MILAN | Italy's Eni sees profits triple on higher oil prices
MILAN | Italy’s Eni sees profits triple on higher oil prices
MILAN— Italian oil and gas producer Eni said its third-quarter profits tripled as oil prices hit the highest levels in four years.
Eni, which is about one-third government-owned, made net income of 1.53 billion euros ($1.74 billion), compared with 344 million euros a year earlier. The company cited higher crude prices, which were up about 45 percent in the period amid better economic growth and…
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