Eni Expects Plenitude Valuation to Cross $11B Amid Strong Demand
E plans to sell another stake in Plenitude, aiming for a valuation above $11 billion as investor interest stays strong.
Eni Eyes More Upstream Asset Sales After $1.65B Vitol Deal
E is exploring further upstream asset sales after offloading stakes in Ivory Coast and Congo to Vitol in a $1.65 billion deal.
This is Why Eni SpA (E) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eni SpA (E) have what it takes?
Eni confirms US will no longer allow oil payments from Venezuela's PDVSA
Italy's Eni confirmed on Sunday it was notified by U.S. authorities it would no longer be allowed to be repaid for gas production in Venezuela through oil supplies given by Venezuelan state oil company PDVSA.
Eni Remains Heavily Undervalued
Eni, an Italian multinational oil company, generates strong cash flow from its global asset portfolio. Despite its robust financial performance, Eni remains an undervalued investment based on its latest earnings report. The company's global portfolio and consistent cash flow generation highlight its potential for significant returns.
Eni's chemicals unit opens new recycled plastic production plan
Versalis, the chemical division of Italian energy group Eni , on Monday opened a plant in Porto Marghera for the production of plastics made from mechanically recycled raw materials.
Eni to Divest Stakes in Cote d'Ivoire and Congo Assets to Vitol
E and Vitol's latest agreement allows the latter to gain access to high-value upstream assets in West Africa, including the giant Baleine discovery and the Congo LNG project.
Eni agrees to sell Vitol stakes in Ivory Coast, Congo upstream assets
Italian energy group Eni has agreed to sell stakes in assets in Ivory Coast and the Republic of Congo to global energy trader Vitol for an aggregate value of $1.65 billion at January 1 2024, with cash adjustment at closing.
Italy's antitrust opens probe into Eni's Plenitude for alleged unfair commercial practices
Italy's antitrust regulator said on Friday it had opened a probe into Eni's Plenitude unit for alleged unfair commercial practices.
Eni SpA (E) Upgraded to Buy: Here's What You Should Know
Eni SpA (E) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Eni: Same Strategy, Higher Payout, And Buy Confirmed
Following the release of Eni Capital Market Day, we expect a positive reaction, thanks to the company lifting its CFFO payout ratio by 5pp and a plus +5% DPS. Given the fast progress made on the satellite strategy, we believe Eni should be less sensitive to Brent's price in both directions. Double digit return (dividend and buyback), discount vs peers and modest leverage make Eni a buy.
Five suitors vying for Eni's carbon capture business, sources say
Five suitors have submitted non-binding bids for a minority stake in the carbon capture and storage (CCS) business of Italian energy group Eni , two source said.
