(ANSA) - Rome, February 16 - Italian energy giant Eni said Friday that it was back in the black in 2017, making earnings of 3.43 billion euros compared to a 1.4-billion-euro loss in 2016. It said its net adjusted profit for 2017 was 2.41 billion euros. The rise was driven by net profit of 2.1 billion euros and a 0.98-billion-euro adjusted profit in the fourth quarter thanks to higher gas prices and record production.
"Should conditions be more favourable, we will be in a position to create substantial surplus value for our shareholders," said Eni CEO Claudio Descalzi.
Eni back in black, 3.43 bn earnings in 2017
Descalzi sees 'substantial surplus value for our shareholders'