|Bid||34.71 x 2500|
|Ask||34.75 x 1000|
|Day's range||34.53 - 34.98|
|52-week range||29.44 - 37.48|
|PE ratio (TTM)||14.85|
|Forward dividend & yield||1.88 (5.40%)|
|1y target est||35.44|
Royal Dutch Shell (RDS.A) decided to end its association in New Zealand by selling its business for $578 million, while Norway-based Statoil (STO) plans to change its name to Equinor.
LONDON/MILAN (Reuters) - Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. Eni was the first oil major to cut its dividend three years ago after a steep decline in the oil price forced the industry to tighten its belt. State-controlled Eni said in its new business plan to 2021 that it would pay a dividend this year of 0.83 euros ($1.02) per share, 3.7 percent more than last year.
LONDON/MILAN, March 16 (Reuters) - Italian oil major Eni (Euronext: ENI.NX - news) hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. Eni (LSE: 0N9S.L - news) was the first oil major to cut its dividend three years ago after a steep decline in the oil price forced the industry to tighten its belt.
Italian oil major Eni (ENI.MI) is discussing the sanctions situation in Russia with U.S. and European authorities to obtain greater clarity on the situation, the Eni CEO said on Friday. Last year Eni extended a cooperation agreement with Rosneft to explore the Russian Barents Sea and the Black Sea, and consider further opportunities together. "We are careful to maintain relations with Rosneft but we have to respect U.S. and European norms," Claudio Descalzi said on the sidelines of a business plan presentation.
Eni Chief Executive Officer Claudio Descalzi discusses oil and gas exploration. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open." (Source: Bloomberg)
Eni's (E) Nooros field reports record production, owing to the commissioning of the NW-7 well, the thirteenth drilled within this field.
Italy’s state-backed oil giant Eni is raising its dividend, in a fresh sign that the international energy industry is bouncing back from a three-year downturn.
Amnesty International on Friday accused international oil majors Shell and Eni (Euronext: ENI.NX - news) of negligence when addressing spills in Nigeria. Describing their actions as "serious negligence", Amnesty said the companies were "taking weeks to respond to reports of spills and publishing misleading information about the cause and severity of spills, which may result in communities not receiving compensation".
Eni SpA’s unit in the Republic of Congo will sponsor a $30 million research center that will search for oil and renewable energy, government spokesman Thierry Moungalla said.
Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group ...
ExxonMobil (XOM) occupies the fifth slot on the list of top eight dividend-yielding stocks. Three years back, XOM made a quarterly dividend payment of $0.69 per share on March 10, 2015. In the past three years, ExxonMobil stock witnessed an 11% decline in its stock price, the second stock so far to see a decline in stock price.
There are indications that the 'more hawkish' Mike Pompeo might lead U.S. exit from the Iran nuclear deal. This has injected uncertainty into the oil market and can potentially send prices higher.
ENI has a current dividend yield of 5.4%. Three years back, ENI had made a semi-annual dividend payment of $1.4 per share on October 6, 2014. During this three-year period, ENI’s stock price had fallen 2%, the first stock we’ve discussed in this series so far to witness a decline in stock price.
Iraq, OPEC's second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in the country's low-return environment slackens. Having slashed production targets in 2013 and 2014, most international oil firms in Iraq are revising their oilfields' plateau production levels even lower, and the discussions involved are moving slowly, Iraqi and company sources say. Growth has been the hallmark of Iraq's oil production in the past decade with a rise of over 2.5 million barrels per day to a peak of 4.71 million bpd in late 2016, Reuters assessments show.