Italian energy company Eni said it managed to turn a corner after trimming investments last year to turn in its first quarterly profit in more than a year. “The 2016 results mark the successful conclusion of a radical transformation process,” CEO Claudio Descalzi said in a statement . “Over the past three years, Eni has restructured to withstand one of the most complex environments in the history of the oil industry, while strengthening its growth prospects and preserving a robust balance sheet.” Eni reported a net profit of $484 million during the fourth quarter, a year after taking an adjusted net loss of nearly $320 million. The company is coming off a string of successes. In February, […]