Eni's net profit rose 5% to €2.52 billion in the first nine months of the year, the energy giant said Friday.
    There was a 54% jump in net profit for the third quarter to €803 million.
    Net cash flow fell 5% to €8.98 billion in the first nine months, while in the quarter, it rose 3% to over €3 billion.
    Eni's third-quarter results "are excellent, and all key operational, economic, and financial indicators exceeded expectations," CEO Claudio Descalzi said, emphasizing that "production of 1.76 million barrels per day (bpd) is growing strongly (+6% compared to last year) and allows us to raise our full-year guidance to 1.72 million bpd." According to the manager, this confirms "the accelerating trend that is set to continue in the coming months thanks to the new fields under development in Congo, the United Arab Emirates, Qatar, and Libya, and the launch of the business combination in Indonesia and Malaysia, which will create one of the main players in the Asian LNG market."
   

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