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ENI Eni Spa

14.708
-0.116 (-0.78%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eni Spa BIT:ENI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.116 -0.78% 14.708 14.662 14.80 14.854 14.656 14.846 8,546,828 17:00:00

Eni SpA Sees Write-Down of EUR3.5 Billion on Lower Outlook for Prices --Reuters

07/07/2020 12:34am

Dow Jones News


Eni (BIT:ENI)
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From May 2019 to May 2024

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By Josh Beckerman

 

--Eni SpA expects to record an asset write-down of about 3.5 billion euros ($3.96 billion) due to a lower long-term outlook for energy prices, Reuters reported.

--Eni is reducing its 2023 long-term price assumption for Brent to $60 a barrel from $70, and is also lowering its gas price assumption, Reuters reported.

Full story: https://www.reuters.com/article/us-health-coronavirus-eni-impairments/eni-to-book-3-5-billion-euro-asset-writedown-after-cutting-price-outlook-idUSKBN2472PO

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

July 06, 2020 19:19 ET (23:19 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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