E expands its renewable fuels business through a BMW partnership, boosting HVO adoption and strengthening its sustainable mobility strategy.
Italian energy group Eni and battery storage firm Seri Industrial announced on Monday the launch of FAENIX, a new company which will specialise in the commercial and technological development of Europe's lithium iron phosphate (LFP) stationary battery supply chain.
The global oil market will break out of its roughly $80-$100 range by the first quarter of 2027 at the latest, boosting inflation and reducing energy demand, if the Middle East conflict continues, Claudio Descalzi, the CEO of Italian state-controlled group Eni said.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Claudio Descalzi CEO | XFRA Exchange | 26874R108 CUSIP |
| IT Country | 32,492 Employees | 19 May 2026 Last Dividend | 10 Jan 2006 Last Split | - IPO Date |
Founded in 1953 and headquartered in Rome, Italy, Eni S.p.A. stands as a global powerhouse in the integrated energy sector. It operates across a broad spectrum of activities including the exploration, development, extraction, manufacturing, and marketing of crude oil and natural gas, as well as the production and sale of oil-based fuels, chemical products, and gas-fired power. Furthermore, Eni is actively involved in developing energy solutions from renewable sources. The company's operations are segmented into Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities, distinguishing its wide-reaching capabilities in driving innovation while contributing to sustainable energy solutions.
Eni S.p.A.’s diverse portfolio of products and services is characterized by a commitment to excellence and sustainability across various sectors of the energy industry.