Eni's net profit falls 11%: drop in production and a weak dollar offset acquisitions
Article Abstract:
Third-quarter net profit for Italian energy firm Eni S.p.A. fell 11% to $3.1 bil, due partly to a weaker US dollar and lower hydrocarbon production. Adjusted net profit, which discounts special item and inventory changes, dropped 28%. Net revenue decreased 0.9%. However, Eni made significant acquisitions this year.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Total's net climbs 29%, helped by higher output
Article Abstract:
Third-quarter net profit for French petroleum company TOTAL S.A. rose by 29% to reach $4.54 bil, due in part to inventory re-evaluation and a tax adjustment on its Sanofi-Aventis S.A. holding. Sales increased 2.8% on higher output and crude prices.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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