Management’s expectations for our business performance in 2018 are provided below.
Eni’s business outlook and financial and operational targets of the 2018-2021 industrial plan were illustrated during our strategy presentation on 16 March 2018.
The outlook for the year 2018 is summarized below:
Expected a 4% growth rate in 2018 FY production. This will be driven by:
Expected an enhanced performance with an adjusted EBIT projected at €0.3 billion due to new renegotiation of long-term supply contracts, reduction of logistic costs and synergies from upstream integration in the LNG business.
Expected a refining breakeven margin at around 3 $/barrel at 2018 year end, leveraging on new initiatives of plants set-up and supply optimization.
2018 FY capex projected at € 7.7 billion.
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