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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ENI Spa | NYSE:E | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.77 | -2.35% | 32.03 | 32.71 | 32.00 | 32.69 | 279,903 | 21:25:05 |
From May 2019 to May 2024
By Mauro Orru
Eni SpA said Wednesday that it would reduce its capex for 2020 and 2021 amid a sharp decrease in commodities prices and as the coronavirus pandemic continues to spread.
The Italian oil-and-gas major said it would cut its capex by about 2 billion euros ($2.16 billion) in 2020, and by a range of approximately EUR2.5 billion and EUR3 billion for 2021.
Eni added that it expects production for 2020 of between 1.8 million and 1.84 million barrels of oil equivalent a day, adding that this would remain unchanged in the following year as well.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 25, 2020 13:30 ET (17:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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