Adjusted operating profit was E5.91 billion, up 12.5% from the first quarter of 2007 and due to an improved operating performance reported by the exploration and production division.
The company reported that oil and natural gas production was up 3.6% to 1.79 million barrels per day for the first quarter of 2008. Natural gas sales were up 9.3% to 30.91 billion cubic meters for the first quarter of 2008.
Paolo Scaroni, CEO of Eni, said: Eni has delivered an excellent set of results, driven by a strong underlying performance and higher oil prices. The results were achieved despite the impact of adverse currency movements and an unfavorable trading environment in our downstream activities. We are delivering on our strategic objectives, generating value from our 2007 acquisitions and remain focused on continued improvement in all our businesses.
