Italian energy group Eni 
ENI said on Thursday its fourth-quarter adjusted net profit fell 46% from the previous year, hit by lower energy prices and continued weakness at its refining and chemicals divisions.
The adjusted net profit came in at 892 million euros ($934 million) between October and December, below an analyst consensus of 960 million euros compiled by the company and down from 1.66 billion euros in the fourth quarter of 2023.
Eni said its pro-forma leverage, which measures total debt in relation to equity taking into account also agreed disposals yet to be completed, fell to 15% at the end of last year.
“Our portfolio actions mean our pro-forma leverage is now an historically low 15%, enabling us to continue to invest in the…
