Eni said Thursday that it made an adjusted net profit at 1.41 billion euros in the first three months of 2025, a drop of 11% compared to the same period in 2024.

The Italian energy giant said hydrocarbon production fell by 5% in the quarter to 1.64 million barrels per day.
    It also said that it has revised its spending plans for 2025 due to "macro headwinds and uncertainty around trade tariffs.
    "Mitigating actions around capex, portfolio, costs and other cash initiatives are expected to offset over €2 bln of negative scenario effects," Eni said.
    The Financial Times, meanwhile, reported that the British government and Eni on Thursday will give the final go-ahead to a huge carbon capture and storage project in the HyNet North West industrial hub close to Liverpool and Manchester.

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