Eni's Operational Momentum Continues

Dow Jones07-29

0806 GMT - Italian energy major Eni's strong operational performance continues, RBC Capital Markets analyst Biraj Borkhataria writes. Its second-quarter results are relatively strong, the analyst says after the company posted a 12% beat to net income consensus expectations. Oil and gas production is 3% above market views while the unit's earnings are broadly in line, he writes. Eni's global gas & LNG, Enilive and Plenitude divisions all come in ahead of consensus, he says. Some of this is offset by higher corporate charges, he adds. Shares rise 4.6% to 23.02 euros.

 

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