Italy鈥檚 oil and gas giant Eni posted a net profit of more than 鈧�8.3 billion for the full year of 2023, marking a 38% decrease from its previous year鈥檚 profit of $13.3 billion, according to its financial results statement released on Friday.
Despite volatile markets with weaker oil and plummeting European natural gas prices, the Italian company reported a 鈧�3.2 billion fourth-quarter profit before tax, bringing full-year profit to 鈧�15.1 billion, the company said.
According to Eni CEO Claudio Descalzi, 鈥�2023 was another year of excellent results for Eni in the face of an uncertain and volatile scenario.鈥�
鈥淲e delivered strongly on both financial and operational targets and we continued to progress our strategy of generating value while decarbonizing and ensuring secure and affordable energy supplies to markets,鈥� Descalzi added.
Eni will issue its financial and operating targets for 2024 and its strategic plans at a capital markets day on March 14, according to the statement.
By Handan Kazanci
Anadolu Agency
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