Energean (GB:ENOG) has released an update.
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Energean PLC reported strong half-year results for 2024, with a significant increase in production and financial performance, including a 47% year-on-year increase in revenue to $867 million and a 65% rise in adjusted EBITDAX. The company also announced a strategic divestment of its assets in Egypt, Italy, and Croatia to Carlyle, with the proceeds expected to facilitate a special dividend post-transaction. Further, Energean highlighted progress on key projects and the continuation of its commitment to shareholder returns and sustainable energy production.
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