E - Eni S.p.A.

NYSE - Nasdaq Real-time price. Currency in USD
-0.05 (-0.25%)
As of 12:32PM EDT. Market open.
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Previous close20.21
Bid20.20 x 800
Ask20.25 x 1100
Day's range19.97 - 20.34
52-week range12.10 - 36.06
Avg. volume489,620
Market cap36.289B
Beta (5Y monthly)0.91
PE ratio (TTM)5.43
EPS (TTM)3.71
Earnings dateN/A
Forward dividend & yield1.88 (9.29%)
Ex-dividend date22 Sep 2019
1y target est21.50
  • EOG Resources Foresees Weak Q1 as Coronavirus Drags Oil Down

    EOG Resources Foresees Weak Q1 as Coronavirus Drags Oil Down

    Despite reduction in 2020 capital budget, EOG Resources (EOG) expects its production volumes to remain the same as in 2019, reflecting strong operational efficiencies.

  • Should You Worry About Eni S.p.A.'s (BIT:ENI) CEO Pay?
    Simply Wall St.

    Should You Worry About Eni S.p.A.'s (BIT:ENI) CEO Pay?

    Claudio Descalzi has been the CEO of Eni S.p.A. (BIT:ENI) since 2017. This report will, first, examine the CEO...

  • Reuters - UK Focus

    LIVE MARKETS-Mass U.S. layoffs meet placid market reaction

    * U.S. weekly jobless claims surge to record 3.28m Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. Initial claims for unemployment benefits rose to 3.28 million last week, that's close to 5 times more than in 1982, and over 3 times more than the Reuters consensus.

  • Eni (E) Revises 2020 Capex Downward on Oil Price Weakness

    Eni (E) Revises 2020 Capex Downward on Oil Price Weakness

    With downward revision of capital budget, Eni (E) expects production volumes to decline year over year in 2020.

  • Reuters - UK Focus

    LIVE MARKETS-Bracing for "gargoylesque" U.S. job data

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. You know you're in a heavy news cycle when a 2 trillion U.S. stimulus package is yesterday's news. Yep, all eyes now are on the U.S. job data to be released at 12h30 GMT.

  • Oil & Gas Stock Roundup: More E&P Companies Cut Capital Spending

    Oil & Gas Stock Roundup: More E&P Companies Cut Capital Spending

    Even the 'Big Oil' companies don's seem to be immune to this price crash as evidenced by spending cuts by supermajors Royal Dutch Shell (RDS.A) and TOTAL S.A. (TOT).

  • Reuters - UK Focus

    Italy to bolster special powers in strategic assets - officials

    Italy is close to approving measures to bolster the special powers it has over key industries to ward off unwanted foreign interest, officials said on Sunday. Since Feb. 23, when Rome imposed the first set of measures to contain the coronavirus outbreak, Milan's all-share stock index has fallen more than 35%. On Saturday, Italy recorded a jump in deaths from COVID-19 of almost 800, taking the overall toll in the world's hardest-hit country to almost 5,000.

  • Eni (E) Withdraws Share Repurchase Plan Amid Crude Oil Plunge

    Eni (E) Withdraws Share Repurchase Plan Amid Crude Oil Plunge

    Eni (E) says it will reconsider the stock buyback program once the Brent crude price recovers to at least $60 per barrel.

  • Reuters - UK Focus

    Eni to cut spending and buyback plans due to coronavirus fears

    Italian energy group Eni followed rivals on Wednesday by cancelling a share buyback and sharply cutting investments as a result of the coronavirus outbreak and falling oil prices. "Eni's priorities at the moment are safeguarding the health of our people and the communities we operate in, as well as our robust balance sheet and the dividend," Eni CEO Claudio Descalzi said in a statement. Oil prices plunged on Wednesday after Goldman Sachs said lockdowns to counter the coronavirus pandemic raised the prospect of the steepest ever annual fall in oil demand.

  • Oilprice.com

    The Harsh Truth About Emissions Reduction

    Oil supermajor Eni surprised the world with an ambitious plan to reduce carbon emissions, but there’s a harsh truth that environmentalists need to realize

  • Reuters - UK Focus

    Shell reports 41% rise in onshore Nigeria oil spills due to sabotage

    Royal Dutch Shell's onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline sabotage in 2019, the group said in its annual report. Shell Petroleum Development Company of Nigeria (SPDC) also recorded a rise in the volume of oil spilt in the Niger Delta as a result of illegal activity to 2,000 tonnes in 2019 from 1,600 tonnes a year earlier. Of a total 164 SPDC spills of more than 100 kilograms in the delta, 157 were due to theft and sabotage, Shell said.

  • The Oil Crisis Is Even Worse News for Shell and BP

    The Oil Crisis Is Even Worse News for Shell and BP

    (Bloomberg Opinion) -- The collapse in crude prices has brought into relief the correlation between oil majors’ financial leverage and the valuation of their shares. It’s a relationship that looks like particularly bad news for the bigger European firms.Investors’ knee-jerk reaction to the downward lurch in the oil price was, naturally, more severe toward the companies that were more indebted. So shares in BP Plc, Royal Dutch Shell Plc, Equinor ASA and Eni SpA suffered more than Total SA and the two big U.S. majors, Exxon Mobil Corp. and Chevron Corp., when European markets closed on Monday.Investors’ worries about leverage are longstanding. The top five European oil majors have a ratio of net debt to total capital — a leverage measure known as gearing — averaging 28% based on their 2019 annual results. Meanwhile, Exxon and Chevron were at 20% and 15%, respectively, at the full year, according to Bloomberg data. Valuations based on forward earnings have historically been lower in Europe than in the U.S., and analysts have suggested that leverage may help explain why investors rate the European sector less favorably. As research from UBS Group AG noted ahead of Monday’s sell-off, balance-sheet strength would define which oil majors got “less badly hurt” in a market where there would be no winners.Despite these dynamics, the most levered of the European groups have been making relatively slow progress at debt reduction, and the latest crisis is only going to hamper this further. BP and Shell’s gearing is already above their own near-term targets of 20%- 30% and 25% respectively. These targets assumed a different environment, and preventing gearing going back up would require some painful compromises around uses of cash.Shell’s free cash flow in 2019 was only just enough to cover its dividends and debt interest, adjusting for working capital and excluding what it made selling assets. That was with oil prices in the $55-$70 per barrel range, against around $37 now. Capex was also already below the company’s stated floor, and the group has just gone through a colossal efficiency program following the 2016 acquisition of BG Group. As for debt reduction, this is a terrible market in which to be selling assets. True, Shell could scrap its share buyback program, but that would halt progress on reducing the share count and in turn the absolute cost of the dividend.BP, on the other hand, provocatively raised its dividend last month, anticipating cash from recently agreed-on disposals and from the sale of a putative $5 billion worth of assets yet to find buyers. But the number put on that fresh divestment program must now be in doubt.The oil crisis should force a fresh appraisal of gearing targets and dividend levels. But investors crave the income, and the pressure to maintain payouts will be immense. The firms with lower leverage may feel they have earned the right to let borrowings tick up as a way of maintaining investment and cash to shareholders. For others, Shell in particular, the room for maneuver is more limited. Defending the dividend is likely to mean finding more costs and capital expenditure to cut, just when investing in the energy transition is the top strategic priority.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Nicole Torres at ntorres51@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    Big oil faces 'survival mode' payout strategies as prices dive

    An oil price plunge means the world's top energy companies will have to review promises to return billions to investors, either by slowing down share buybacks or reintroducing non-cash dividends, analysts said on Monday. Brent crude was trading at around $36 a barrel, down around 20% by 1645 GMT on Monday, when analysts lowered share price forecasts for top oil and gas producers. The slide is expected to force a rethink of spending plans by boards that had cut costs in response to a 2014 oil downturn when OPEC opened wide the oil taps to try to protect market share following the U.S. shale oil revolution.

  • Reuters - UK Focus

    U.S. oil boom vs Europe's renewables focus? Big Oil's gap widens -- in words

    NEW YORK/LONDON, March 5 (Reuters) - Exxon and Chevron boasted to investors this week about booming U.S. oil production, illustrating how the gap has widened - at least in words - between top American oil and gas companies and their European rivals over efforts to transition to clean energy and fight climate change. U.S.-based Exxon Mobil and Chevron this week focused their investor outlooks on sharp growth in oil and gas output, a stark contrast from their European rivals including BP and Italy's Eni which last month unveiled plans to trim their traditional business and reduce greenhouse gas emissions.

  • Eni (E) Earnings Miss Estimates in Q4, Revenues Fall Y/Y

    Eni (E) Earnings Miss Estimates in Q4, Revenues Fall Y/Y

    Lower average realized prices of liquids and natural gas hurt Eni's (E) Q4 earnings.

  • Reuters

    Venezuela's oil exports rose 9% ahead of wind-down expiration date -data

    Venezuela's oil exports rose 9% in February from the previous month, as some buyers rushed to take cargoes ahead of the expiration of a wind-down period as part of new U.S. sanctions on PDVSA and its trade partners, data from the state-run firm and Refinitiv Eikon showed. Washington imposed tough sanctions on PDVSA in 2019 and launched a strategy of "maximum pressure" this year to oust Venezuela's President, Nicolas Maduro, extending sanctions to PDVSA's main trade partner, Rosneft Trading, while making threats on other customers. Prior to sanctions, the United States was the biggest buyer of Venezuela's oil.

  • Are Eni S.p.A.’s (BIT:ENI) Returns On Investment Worth Your While?
    Simply Wall St.

    Are Eni S.p.A.’s (BIT:ENI) Returns On Investment Worth Your While?

    Today we'll evaluate Eni S.p.A. (BIT:ENI) to determine whether it could have potential as an investment idea. In...

  • Reuters - UK Focus

    No reform, no cash: majors hold out for new Nigerian oil law

    A Nigerian oil reform two decades in the making is urgently needed to get money into its energy sector, industry executives say, as tax increases and regulatory uncertainty scupper investments. Africa's largest oil exporting nation has not carried out a full revamp of the law underpinning its oil and gas sector since the 1960s. Government officials say a sweeping overhaul is imminent and will be presented to the National Assembly next week, which for industry leaders is not a moment too soon.

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