Tag Archives | Financial Reports

Eni Sees Challenging 2012 .

Eni SpA, one of Europe's biggest oil companies by market value, Wednesday said the continent's economic slowdown took a bite out of 2011 profit and warned that this year will also be "challenging," as the slump hits its core market of Italy and other European nations. The Rome-based company suffered in 2011 from loss of […]

Eni Fourth-Quarter Profit Declines as Libyan Closures Cut Its Production

Eni SpA (ENI), Italy’s largest oil producer, reported a 9.5 percent decline in fourth-quarter profit as field closures in Libya cut output and natural-gas demand dropped. Adjusted net income dropped to 1.54 billion euros ($2 billion) from 1.7 billion euros a year earlier, the Rome-based company said today in a statement. The profit was in […]

Total's Profit Rises on High Oil Prices

French oil giant Total SA on Friday said 2012 has begun favorably and that it will step up investments over the next three years after it reported a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output. The group plans to invest a net $20 […]

Conoco earnings fall on Libyan instability

ConocoPhillips, the third-biggest US oil company by market capitalisation, reported a 16 per cent drop in third-quarter earnings, citing a range of factors, including suspended operations in Libya and offshore China. The company, which next year will split its exploration and production and its refining operations into two separate companies, on Wednesday reported earnings of […]