Milan, Italy, April 24, 2025 (AFP) - Eni plans 2 bn in cuts to offset potential tariffs

NAMPA / AFP
2025-04-24
Italian oil and gas giant Eni said it would make cuts worth 2 billion euros this year due to the macroeconomic downturn and uncertainty over tariffs, but stood by planned dividend payments to shareholders. Eni's quarterly profit dropped by three percent to 1.17 billion ($1.33 billion) from 1.21 billion in the year-ago period in what chief executive Claudio Descalzi called solid results "despite the uncertain macro-economic backdrop" and a drop in......
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