Eni: This Ignored Major Trades At A Discount
Eni S.p.A., a smaller European oil major, boasts a $40 billion market cap, strong profits, and a unique energy asset portfolio, justifying its current valuation. The company has achieved a 4% YoY production growth, a nearly 8% dividend yield, and aggressive share repurchases, ensuring robust shareholder returns. Eni's transition strategy includes a $3 billion KKR investment in Enilive, expanding biofuel and renewable energy capacities, and considering public listings for divisions.
Eni Confirms Fire at Calenzano Fuel Depot Near Florence
A truck explosion at E's Calenzano storage site in Italy leads to a deadly fire, killing two workers. Investigations into the cause are underway.
Italy's Eni wins appeal against $5.3 million antitrust fine
Plenitude, the retail unit of Italian energy group Eni , on Monday won an appeal against a 5-million-euro ($5.3 million)fine it received last year from Italy's antitrust agency (AGCM) over billing practices.
Looking At Oil, Gas, Eni S.p.A
Eni S.p.A. is a compelling buy due to its strategic focus on decarbonization, renewable energy, and innovative asset separation, despite market volatility. The company's plan includes significant investments in biorefining, renewables, and E-mobility, aiming for carbon neutrality by 2050. Eni's financial health is strong, with increased dividends, buybacks, and low leverage, making it a stable investment with a 6%+ yield.
Eni's Renewable Business Receives New Investment From EIP
E's satellite strategy gains momentum as EIP strikes a new deal to increase its stake in Plenitude from 7.6% to 10% through the purchase of newly issued shares.
Swiss asset manager EIP increases stake in Eni's Plenitude to 10%
Swiss asset manager Energy Infrastructure Partners (EIP) will up its stake in Eni's Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than 10 billion euros ($11 billion) including debt, Eni said.
Eni pockets $1 billion from Alaska upstream assets sale
Italian energy group Eni said on Monday it pocketed $1 billion from a planned sale of the Nikaitchuq and Oooguruk upstream offshore assets in Alaska to U.S. private company Hilcorp.
Eni (E) Q3 Earnings Fall Short of Estimates, Revenues Decline Y/Y
Lower throughputs and average liquids' price realization hurt Eni's earnings in Q3.
Egypt President, Eni CEO discuss moves to support gas production
Egypt's president met with Eni CEO on Monday to discuss moves aimed at supporting gas production, the Italian energy group said after the African country was forced to turn to the liquefied natural gas (LNG) market to cover domestic demand.
Eni S.p.A. (E) Q3 2024 Earnings Call Transcript
Eni S.p.A. (NYSE:E ) Q3 2024 Earnings Conference Call October 25, 2024 8:00 AM ET Company Participants Francesco Gattei - Chief Transition & Financial Officer Adriano Alfani - Chief Executive Officer, Versalis Guido Brusco - Chief Operating Officer, Global Natural Resources Giuseppe Ricci - Chief Operating Officer, Industrial Transformation Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Conference Call Participants Josh Stone - UBS Alessandro Pozzi - Mediobanca Giacomo Romeo - Jefferies Kim Fustier - HSBC Biraj Borkhataria - RBC Irene Himona - Bernstein Matt Smith - Bank of America Michele Della Vigna - Goldman Sachs Peter Low - Redburn Atlantic Massimo Bonisoli - Equita Lydia Rainforth - Barclays Henry Tarr - Berenberg Paul Redman - BNP Paribas Matt Lofting - JPMorgan Operator [Starts Abruptly] Chief Transition and Financial Officer. For the duration of the call, you will be in listen-only mode.
Italy's Eni sees 2.5-billion-euro net proceeds from disposals in 2025
Italian energy group Eni expects 2.5 billion euros ($2.7 billion) in net proceeds from additional disposals that will be completed next year, Chief Transition & Financial Officer Francesco Gattei said on Friday.
Italy's Eni ups buyback to 2 bln euros after better than expected Q3
Italian energy group Eni said on Friday it would increase its share buyback programme to 2 billion euros ($2.2 billion) after reporting better than expected third-quarter results.
