On Friday, April 24, 2020, Italian energy giant Eni S.p.A. (E) announced its first quarter 2020 earnings results. At first glance, these results were quite disappointing as the company posted a year-over-year revenue decline as well as a net loss. Admittedly though, we expected nothing less when we consider what has been happening to energy prices ever since the worldwide coronavirus pandemic broke out. A closer look at the actual earnings report does indeed show that the company has been negatively impacted by the steep decline in energy prices that we have seen