Eni SpA Sees Write-Down of EUR3.5 Billion on Lower Outlook for Prices --Reuters
07 July 2020 - 9:34AM
Dow Jones News
By Josh Beckerman
--Eni SpA expects to record an asset write-down of about 3.5
billion euros ($3.96 billion) due to a lower long-term outlook for
energy prices, Reuters reported.
--Eni is reducing its 2023 long-term price assumption for Brent
to $60 a barrel from $70, and is also lowering its gas price
assumption, Reuters reported.
Full story:
https://www.reuters.com/article/us-health-coronavirus-eni-impairments/eni-to-book-3-5-billion-euro-asset-writedown-after-cutting-price-outlook-idUSKBN2472PO
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 06, 2020 19:19 ET (23:19 GMT)
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