Eni Steps Up Buybacks After Quadrupling Q2 Earnings ...Middle East

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Eni Steps Up Buybacks After Quadrupling Q2 Earnings
source : OILPRICE ( Middle East ) () 29
Italy’s Eni followed other European majors in increasing share buyback programs after posting quadrupled second-quarter earnings beating expectations. High commodity prices, strong refining margins, and cost management helped Eni (NYSE: E) quadruple its adjusted net profit for the second quarter compared to the same period last year, beating the analyst consensus. Eni’s adjusted net profit jumped to $3.87 billion (3.81 billion euro) for the second quarter of 2022, up from $943 million (929 million euro) for the same period of 2021.…

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