|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's range||36.09 - 36.55|
|52-week range||29.44 - 40.15|
|PE ratio (TTM)||16.96|
|Forward dividend & yield||1.87 (5.20%)|
|1y target est||42.00|
Total Fina Elf SA (TOT) is the most-declining stock this week from the integrated energy sector. It decreased from last week’s close of $60.59 to $58.54 on June 21, a fall of ~3.2%. Total Fina Elf SA fell on all four days of the week, with the majority of the decline on June 19 and 21.
Paul Manafort lost his bid to toss money-laundering charges filed against him. A day earlier, a judge also denied Mr. Manafort's request to suppress evidence.
Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including Exxon Mobil Corp. and Eni SpA, are close to being finalized. Winners of the bidding round have awaited legislation and a new model for exploration and production concession contracts, which should be resolved by July, Agostinho Rodrigues Chibielo, an official at Instituto Nacional de Petroleo’s exploration division, said in an interview on the sidelines of a conference in Ghana’s capital, Accra. Once the contracts have been signed, Exxon plans to drill two wells and Eni at least one next year, he said.
Since trade tensions could drastically dent investor confidence, picking value stocks with low-beta looks like a smart option at this point.
The Zacks Analyst Blog Highlights: SAP SE, Infineon Technologies AG, Peugeot S.A., Ferrari N.V. and Eni S.p.A.
European stocks jumped, while the euro slumped against the dollar after the ECB indicated that it will not raise interest rates before summer 2019.
The Zacks Analyst Blog Highlights: CSX, Eni, Kimberly-Clark, Caterpillar and Check Point Software
Italy's Supreme Court threw out an appeal from Shell (RDSa.L) and four former Shell managers to stymie a corruption trial that has also involved Eni's (ENI.MI) chief executive, legal sources said on Wednesday. The long-running graft case on alleged corruption in Nigeria, revolves around the 2011 purchase by Eni and Shell of Nigeria's OPL-245 offshore oilfield for about $1.3 billion (974.3 million pounds). Nine current and former executives or contractors, including Eni Chief Executive Claudio Descalzi, have been accused by Italian prosecutors of paying bribes to secure the licence to explore OPL-245.
Italy's Supreme Court threw out an appeal from Shell (LSE: RDSB.L - news) and four former Shell managers to stymie a corruption trial that has also involved Eni (LSE: 0N9S.L - news) 's chief executive, legal sources said on Wednesday. The long-running graft case on alleged corruption in Nigeria, revolves around the 2011 purchase by Eni and Shell of Nigeria's OPL-245 offshore oilfield for about $1.3 billion. Nine current and former executives or contractors, including Eni Chief Executive Claudio Descalzi, have been accused by Italian prosecutors of paying bribes to secure the licence to explore OPL-245.
Venezuela is OPEC’s eighth-largest crude oil producer. Reuters estimates that Venezuela’s crude oil output decreased by 50,000 bpd (barrels per day) to 1,450,000 bpd in May—compared to the previous month. The country’s crude oil production is near a 15-year low.
The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a price spike from any supply disruption. Spare capacity is the extra production oil producing states can bring onstream and sustain at short notice, providing global markets with a cushion in the event of natural disaster, conflict or any other cause of an unplanned supply outage. "You would essentially be taking 3.2 million barrels per day (bpd) of spare capacity down to approximately 2 million bpd," Jefferies analyst Jason Gammel said, adding global demand was 100 million bpd.
Eni Sp.A. (BIT:ENI), a €54.82B large-cap, operates in the oil and gas industry which has seen a prolonged oil price downturn since 2014. However, energy-sector analysts are forecasting for theRead More...
Environmentalists and aid agencies urged executives of the world's top oil companies attending a Vatican conference on climate change on Friday to heed Pope Francis's warnings about global warming. Pope Francis, who wrote a major document on protecting the environment from global warming in 2015, will address the some 40 participants - including leading oil and gas executives and major industry investors - on Saturday (Shenzhen: 002291.SZ - news) .
Per Eni's (E) evaluations, the company's operations in Iran will not be subject to any specific waiver against the sanctions announced by the Trump administration.
European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member's crude exports after the United States imposed sanctions on Tehran, company and trading sources said. The drop in crude purchases from the Islamic republic could complicate efforts by European governments to salvage the Iranian nuclear deal disavowed by U.S. President Donald Trump last month. Although European governments have not followed Washington by creating new sanctions, banks, insurers and shippers are gradually severing ties with Iran under pressure from the U.S. restrictions, making trade with Tehran complicated and risky.
A record close for the Nasdaq overnight lifted European sector peers to a 17-year peak on Tuesday, helping the broader market in Europe stabilise after last week's sell-off triggered by political worries ...
The Vatican will host executives of the world's top oil companies for a conference next week on climate change and the transition away from fossil fuels, a Vatican source said on Friday. Pope Francis, who wrote a major document on protection of the environment from global warming in 2015, is expected to address the group on the last day of the June 8-9 conference.
Analysts expect uncertainty about Italy's role in Europe and worries over its finances are here to stay, keeping markets turbulent, but investors say that could make good companies cheaper, boosting returns over the longer term. "In the last couple of weeks we've been investing a little bit more in Italy as prices have come down," said Luiz Sauerbronn, director at San Diego, California-based Brandes Investment Partners, where he helps manage $30 billion. "We're long-term investors and if people sell off indiscriminately Italy, we see an opportunity," he said.
RAPALLO, Italy - (Reuters) - Italy's oil and gas major Eni (ENI.MI) is in the process of reducing its stakes in its oilfields in Mexico and Indonesia, Chief Financial Officer Massimo Mondazzi said on Thursday. "We define our strategy as "dual exploration": we normally start with a very high stake in a field and then reduce it through an ongoing process.
(Reuters) - European oil companies' spending budgets are likely to be lower in 2018 and 2019, and that, along with improving project delivery, will drive the strongest volume and cash flow growth in over ...