Italian oil and gas company Eni reported Friday 3Q adjusted net profits of EUR2.62 billion up 7% from EUR2.45 billion in the respective period of 2005.
The results were better than expected, as Reuters forecasts were for EUR2.4 billion. Adjusted net income excludes inventory gains and special charges.
Eni, Europe’s fourth-biggest oil company by market capitalization had hydrocarbon output of 1.709 million barrels of oil equivalent per day compared with 1.715 million in the same quarter last year.