|Bid||13.18 x 0|
|Ask||13.18 x 0|
|Day's range||12.94 - 13.19|
|52-week range||10.42 - 14.98|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||3.58|
|Earnings date||28 Jul 2023|
|Forward dividend & yield||0.91 (6.98%)|
|Ex-dividend date||18 Sept 2023|
|1y target est||16.50|
Eni (E) and Sonangol sign a Memorandum of Understanding to cooperate in their shared objective of deploying greener resources as part of their decarbonization strategy.
An increase in refinery throughput volumes aid Eni's (E) earnings in Q1.
An Italian administrative court said on Wednesday it had annulled measures taken by Italy's competition watchdog against Eni and Acea, which were charged over improper price-setting for gas and electricity. The TAR del Lazio court said it had dropped the antitrust case because there was no adequate legal basis for the action. Last December, Italy's antitrust body suspended the validity of contracts from Aug. 10, 2022, to April 30 this year that allowed seven companies under its investigation to change their prices, which it said contravened a government decree issued last August.
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Positive expectations for Eni's gas division are supporting the 2023 outlook, CFO Francesco Gattei said on Friday, after the Italian energy group's first-quarter profit declined, but exceeded expectations. Eni's adjusted net profit in the first three months fell 11% year-on-year to 2.91 billion euros ($3.2 billion), but was above analysts' consensus forecasts of 2.31 billion euros. However, Eni said its gas and liquefied natural gas division (GGP) would remain strong after reporting earnings before interest and taxes (EBIT) that were nearly double analysts' estimates for the first quarter.
Norwegian oil and gas firm Vaar Energi, majority owned by Italy's Eni, on Monday maintained its quarterly dividend payment at $270 million after the company's January to March operating profit fell from a year ago. The company said development projects that underpin its long-term production growth were progressing according to plan. "Overall, we maintain a high activity level to deliver more than 50% production growth over the next three years," Chief Executive Torger Roed said in a statement.
Eni (E) brings an immersive experience for visitors to explore the future of mobility. It does so with its Walk the Talk - Energy in motion installation at the FuoriSalone 2023 exhibition, hosted by Interni.
In the latest trading session, Eni SpA (E) closed at $29.15, marking a -0.99% move from the previous day.
Italy's Eni said on Friday it was involved in five carbon capture projects selected by Britain in a first group of initiatives worth 20 billion pounds ($25 billion) of government funding. The British government on Thursday said it had shortlisted a total of eight projects that could help reduce the country's carbon dioxide emissions and kick-start a hydrogen-based economy. Eni said it will be responsible for the transportation and storage of carbon dioxide emissions in the five projects submitted as part of the HyNet North West consortium.
Eni SpA (E) closed the most recent trading day at $27.16, moving +1.34% from the previous trading session.
Combined, Eni (E) and CIP's three offshore projects will produce about 5 TWh/year.
Eni SpA (E) closed at $26.67 in the latest trading session, marking a -0.89% move from the prior day.
According to preliminary estimates, Eni's (E) latest discovery can hold 200 million barrels of oil.
Eni SpA (E) closed at $26.21 in the latest trading session, marking a +0.19% move from the prior day.
Benefitting from the rising commodity prices, the company announces a share buyback plan of 2.2 billion euros for 2023.
Eni (E) was the first energy company to invest in fusion, which can significantly contribute to the energy transition once it is developed on an industrial level.
CFS's CEO Bob Mumgaard and ENI's CEO, Claudio Descalzi on Thursday, March, 9, 2023, at the Commonwealth Fusion Systems Site in Devens. ENI and CFS sign cooperation agreement for the development of fusion energy. DEVENS, Mass., March 10, 2023 (GLOBE NEWSWIRE) -- The Italian energy giant Eni and CFS (Commonwealth Fusion Systems), a spin-out of the Massachusetts Institute of Technology (MIT), thursday signed a cooperation agreement, with the aim of accelerating the industrialization of fusion energ
Blackrock, the world’s largest assets manager has said that European fourth-quarter earnings painted a picture of overall corporate health well beyond the region’s bedrock sectors of energy and banking
The agreement is part of Eni's (E) plan to develop sustainable transport services via its new company, Eni Sustainable Mobility.
Energy group Eni has signed a two-year contract with Italy's Spinelli to power the trucks of the logistic group with a diesel fuel produced from 100% renewable raw materials. The biofuel is produced from waste raw materials, vegetable residue and oils processed in Eni's bio refineries in the Sicilian town of Gela and in Venice, the group said on Wednesday. The contract is part of Eni's strategy to develop sustainable transport services through its new dedicated company dubbed Eni Sustainable Mobility.
Italian prosecutors have asked for a case against Eni and its head over alleged obstruction of justice in corruption cases in Nigeria and Algeria to be dropped, two sources with direct knowledge of the matter said on Friday. Eni Chief Executive Claudio Descalzi had been investigated by prosecutors in the preliminary proceedings, but the sources said the case against him, another manager and the company would now be dropped as evidence clearing them had been found. Both Eni and CEO Descalzi's lawyer declined to comment.
A decline in oil and gas production hurts Eni's (E) earnings in Q4.
Italian energy group Eni pledged to return more cash to investors after reporting record profit last year and defended its strategy of continuing to invest in gas. Shares in Eni fell as much as 5.4% despite the company becoming the latest energy group to report bumper results for 2022, underpinned by an unprecedented spike in commodity prices due to the war in Ukraine. Eni Chief Executive Claudio Descalzi said he was not surprised at the market reaction.