Eni's Profits Soar 125% as Refining Boom Fuels Massive Investor Payouts

Italian energy group Eni is boosting its payout to investors with an extraordinary dividend and increased share buybacks after more than doubling its third-quarter earnings on higher oil and gas production and soaring refining margins. Eni’s adjusted net profit more than doubled from a year earlier to $3.14 billion (2.8 billion euros) for the third quarter, driven by higher oil and gas production and realizations and more than doubled refining margins across its operations, the Italian company s

Source: OilPrice.com