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Italian energy group Eni on Friday reported a third-quarter adjusted net profit of €1.3 billion ($1.4 billion), down from last year’s €1.8 billion but still beating forecasts. Eni described the company’s performance as “resilient” in spite of a “weaker trading environment” and said it was raising its share buyback programme to €2 billion. In the third quarter of 2024, the Exploration & Production (E&P) segment reported a pro forma adjusted EBIT of €3.2 billion, benefiting from the ramp-up of higher value barrels associated with new projects and strong operational execution. In contrast, the re…

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