2011 Q1 ResultsAdjusted operating profit:up 18.4% to €5.13 billionAdjusted net profit: up 21.6% to €2.22 billion Paolo Scaroni, Chief Executive Officer, commented: "In the first quarter of 2011, marked by the Libyan events, Eni delivered a solid set of financial results on the back of a favourable oil price environment. In spite of ongoing uncertainties regarding resumption of our activities in Libya, the profitability and growth outlook for our Company has remained positive underpinned by a sound financial position, the quality of our asset portfolio, and a strong projects pipeline".
The parties discussed the issues of bilateral cooperation in the energy sector within their Strategic Partnership Agreement.
Eni announces the names of the researchers and scientists awarded in the fifth edition of the Eni Award.
Eni finalizes an agreement with Cadogan Petroleum to farm in two exploration and development licenses in Ukraine
The agreement, which is in line with Eni's strategy of strengthening its position in East Europe, will enable the Company to acquire 30% with an option to increase its participation up to 60% in the Pokrovskoe exploration licence.
The Sankofa well results provide evidence of the success of the exploration activities carried out by the Eni-led consortium, in full compliance with safety and environmental protection standards
Today Eni's Annual Report on Form 20-F for the year ended December 31, 2010, has been filed with the U.S. Securities and Exchange Commission (SEC).
The well has been drilled at a water depth of 373 metres and encountered a significant hydrocarbon column. Eni is in process in completing drilling of the exploration well. The exploration well will be drilled to a vertical depth of 2,250 metres.
The bonds will enable Eni to maintain a well-balanced financial structure in terms of short term and medium/long-term debt, and may be listed on regulated markets
The parties agreed to collaborate on the study of initiatives in conventional and unconventional oil and gas on the basis of a mutual sharing of data, competencies and technology.
Convening of the annual Shareholders' MeetingConsolidated net profit for the year: €6.32 billion; net profit of the parent company: €6.18 billionProposed dividend per share of €1.00
High production growth: > 3% CAGR to 2014Gas sales in Italy and key European markets: +5% CAGR to 2014R&M efficiency program: new target of €200 mln by 2014Sound financial position and sustainable dividend in a 70$/bl scenario
Eni announces a significant hydrocarbon discovery in the UK sector of the Central North Sea