Italian energy firm Eni said
Friday that it would cut its 2015 dividend, reduce investments,
dispose of assets, but increase production.
In a presentation on its long-term plans, Eni said that
this year's dividend would be reduced to 0.80 euro per share, a
significant drop from last year's dividend of 1.12 euros per
share.
As well, asset sales between 2015 and 2018 are expected to
total eight billion euros while planned investments will be
reduced over the same period by 17%.
At the same time, Eni projects production to increase by
3.5% per year.
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