Eni net loss goes up to €2.34 billion
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Eni declared a slightly higher yearly dividend of €1.12 a share.
Eni said it marked down the value of its oil and product inventories by €860 million and booked asset impairments and other after-tax charges of €1.94 billion. It has declared a slightly higher yearly dividend of €1.12 a share, up from €1.10 a share in 2013.
Production in the fourth quarter rose 4.5% to 1.65 million barrels of oil and equivalent natural gas volumes a day. Eni said it expects production to increase this year as new projects come online in Angola, Congo, the U.K., the U.S. and Norway.
For the full year, Eni said net profit fell by 74% to €1.33 billion from €5.16 billion in 2013. ■