First, let's examine Eni . The company is engaged in oil and gas, petrochemicals, and electricity generation.
Fourth-quarter and 2013 earnings and fake oakley sunglasses. revenue were not satisfactory for Eni. The company's adjusted net profit dropped 35% year over year to 4.43 billion euros in 2013. The company blamed "extraordinary interruptions to production" and the 4.9% appreciation of the euro against the dollar for the poor results.
Despite the company's performance in 2013, fake oakleys. recent international endeavors are encouraging for Eni. The company's discoveries in Mozambique, Cyprus, Congo, Ghana, and Pakistan should give earnings a near-term boost. Eni's execution of its 2013-2016 strategic plan is proceeding relatively well, allowing its production growth target to surpass 4% per year. During 2013 alone, Eni brought six upstream projects online that augmented its portfolio by 1.6 billion barrels of oil equivalent resources.
Regarding the situation in Italy, Eni can withstand the political shakedown. The company's international diversification is outstanding, with upstream operations in Cyprus, Egypt, Vietnam, Indonesia, Pakistan, and Kenya. It also has project start-ups in Algeria, Iraq, Australia, and Russia. The company has liquefied-gas production assets in Angola and a strategic position in nonconventional gas as well.