Italian oil company Eni (NYSE: E) (MIB: ENI) reported 9,5% less profit over Q4 2011. The profit loss can be explained by the crisis in Libya, lower gas prices and lower margins in the Refining & Marketing devision.
Full-year adjusted operating profit was EUR 17.97 billion, an increase of 4% from 2010 driven by the Exploration & Production division.
The Board of Directors intends to submit a proposal for distributing a cash dividend of EUR 1.04 per share (EUR 1.00 in 2010) at the Annual Shareholders’ Meeting. Included in this annual payment is EUR 0.52 per share which was paid as interim dividend in September 2011. The balance of EUR 0.52 per share is payable to shareholders on May 24, 2012, the ex-dividend date being May 21, 2012.