Eni Expands in Mediterranean With Cyprus Block 6 Gas Deal
- E partners with Egypt and Cyprus to develop and export Cyprus' Block 6 gas via Egypt's infrastructure, strengthening the Eastern Mediterranean's role in global energy.
- 02/18/2025
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KKR to buy additional 5% stake in Eni biofuel business
- U.S. fund KKR has signed an agreement with Italy's Eni to buy an additional 5% stake in Eni's biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said on Tuesday.
- 02/18/2025
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Eni signs deal to bring Cypriot offshore gas to Europe, via Egypt
- Italian energy group Eni signed an agreement on Monday to export Cyprus' offshore gas via Egypt, hailing it as a "milestone" towards the creation of a gas hub in the eastern Mediterranean.
- 02/17/2025
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Eni Rejects Exmar's FLNG Bonus Claim in Congo LNG Dispute
- E rejects Exmar's demand for a bonus on the FLNG Tango, a key part of the Congo LNG project, sparking a contractual dispute between the two energy firms.
- 02/11/2025
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AM Best Assigns Credit Ratings to Eni Insurance S.p.A.
- AMSTERDAM--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Eni Insurance S.p.A. (EIS) (Italy), a captive of Eni S.p.A. (Eni), a multinational energy company based in Italy. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect EIS's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and app.
- 02/04/2025
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Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 01/27/2025
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Eni Concludes Construction of 200 MW Battery Storage System in Texas
- E's newly built Guajillo plant is the company's largest battery storage system, equipped with lithium-ion LFP batteries.
- 01/16/2025
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Eni Poised to Witness 3 Billion Euros in Asset Sales by 2025
- Eni is set to sell an additional 3 billion euros in assets by 2025, bringing it closer to its 8 billion euro goal ahead of schedule as it focuses on its energy transition strategy.
- 01/13/2025
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Eni and Egypt to Restart Drilling at Zohr Gas Field to Boost Output
- E is set to resume drilling at Egypt's Zohr gas field, aiming to increase production amid declining domestic output and revive Egypt's energy export potential.
- 01/06/2025
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Egypt and Eni say drilling ship to begin work at Zohr gas field
- A drilling ship will arrive in Egypt this month as operator Eni starts work on increasing production from the giant Zohr offshore gas field, Egypt's petroleum ministry said.
- 01/03/2025
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Eni Expands Offshore Output With Baleine Phase 2 Milestone
- E begins Baleine Phase 2, raising oil and gas output in Cote d'Ivoire to new heights and advancing its net-zero emission goals.
- 12/30/2024
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Eni begins second phase of oil and gas production at Ivory Coast Baleine field
- Italy's Eni on Saturday started a second phase of oil and gas production at Ivory Coast's offshore Baleine field, the energy group said on Saturday.
- 12/28/2024
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Eni: This Ignored Major Trades At A Discount
- Eni S.p.A., a smaller European oil major, boasts a $40 billion market cap, strong profits, and a unique energy asset portfolio, justifying its current valuation. The company has achieved a 4% YoY production growth, a nearly 8% dividend yield, and aggressive share repurchases, ensuring robust shareholder returns. Eni's transition strategy includes a $3 billion KKR investment in Enilive, expanding biofuel and renewable energy capacities, and considering public listings for divisions.
- 12/26/2024
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Eni Confirms Fire at Calenzano Fuel Depot Near Florence
- A truck explosion at E's Calenzano storage site in Italy leads to a deadly fire, killing two workers. Investigations into the cause are underway.
- 12/11/2024
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Eni's Enilive and easyJet Join Forces for SAF Supply in Italy
- E's Enilive and easyJet team up for sustainable aviation fuel supply in Italy, promoting greener air travel and reducing emissions across easyJet's new Milan routes.
- 12/05/2024
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Eni & MSC Sign MoU to Drive Carbon Neutrality Goals & Clean Practices
- E and MSC Group sign an MoU to advance decarbonization efforts, focus on clean fuels and renewable energy and accelerate their energy transition journey.
- 11/26/2024
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The Gold Standard Oil And Gas Companies
- ESG as a theme is probably a fad, yet some aspects of it are useful as risk assessment tools. A big risk for oil and gas stocks is methane emissions, and until now, it has not been easy to assess this. The Oil & Gas Methane Partnership 2.0 is the United Nations Environment Programme's flagship oil and gas reporting and mitigation programme.
- 11/25/2024
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Eni Boosts Congo LNG Capacity With New Nguya FLNG Facility
- E launches Nguya FLNG in China, doubling Congo's LNG capacity to 3 million tons per annum by 2025, signaling a boost to its global energy ambitions.
- 11/25/2024
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Italy's Eni wins appeal against $5.3 million antitrust fine
- Plenitude, the retail unit of Italian energy group Eni , on Monday won an appeal against a 5-million-euro ($5.3 million)fine it received last year from Italy's antitrust agency (AGCM) over billing practices.
- 11/18/2024
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4 Integrated Energy Stocks to Watch Amid Industry Challenges
- Rising demand for renewable energy is adding uncertainty to the prospects of the Zacks Oil and Gas Integrated International industry's outlook. XOM, SHEL, BP & E will probably overcome market challenges.
- 11/15/2024
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Looking At Oil, Gas, Eni S.p.A
- Eni S.p.A. is a compelling buy due to its strategic focus on decarbonization, renewable energy, and innovative asset separation, despite market volatility. The company's plan includes significant investments in biorefining, renewables, and E-mobility, aiming for carbon neutrality by 2050. Eni's financial health is strong, with increased dividends, buybacks, and low leverage, making it a stable investment with a 6%+ yield.
- 11/13/2024
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Eni's Renewable Business Receives New Investment From EIP
- E's satellite strategy gains momentum as EIP strikes a new deal to increase its stake in Plenitude from 7.6% to 10% through the purchase of newly issued shares.
- 11/12/2024
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Swiss asset manager EIP increases stake in Eni's Plenitude to 10%
- Swiss asset manager Energy Infrastructure Partners (EIP) will up its stake in Eni's Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than 10 billion euros ($11 billion) including debt, Eni said.
- 11/11/2024
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High Yield Oil And Gas Ranked By Relative Quality
- With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.
- 11/10/2024
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OPEC actions increasing volatility and hampering new investment in oil and gas, Eni CEO says
- OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered investment in new production, the CEO of Italian energy company Eni said on Monday.
- 11/04/2024
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Eni pockets $1 billion from Alaska upstream assets sale
- Italian energy group Eni said on Monday it pocketed $1 billion from a planned sale of the Nikaitchuq and Oooguruk upstream offshore assets in Alaska to U.S. private company Hilcorp.
- 11/04/2024
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Eni (E) Q3 Earnings Fall Short of Estimates, Revenues Decline Y/Y
- Lower throughputs and average liquids' price realization hurt Eni's earnings in Q3.
- 10/28/2024
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Egypt President, Eni CEO discuss moves to support gas production
- Egypt's president met with Eni CEO on Monday to discuss moves aimed at supporting gas production, the Italian energy group said after the African country was forced to turn to the liquefied natural gas (LNG) market to cover domestic demand.
- 10/28/2024
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Italy's Eni and BP resume onshore drilling in Libya after 10-year hiatus, NOC says
- Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya's national oil corporation (NOC) said on Saturday.
- 10/26/2024
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Eni S.p.A. (E) Q3 2024 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q3 2024 Earnings Conference Call October 25, 2024 8:00 AM ET Company Participants Francesco Gattei - Chief Transition & Financial Officer Adriano Alfani - Chief Executive Officer, Versalis Guido Brusco - Chief Operating Officer, Global Natural Resources Giuseppe Ricci - Chief Operating Officer, Industrial Transformation Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Conference Call Participants Josh Stone - UBS Alessandro Pozzi - Mediobanca Giacomo Romeo - Jefferies Kim Fustier - HSBC Biraj Borkhataria - RBC Irene Himona - Bernstein Matt Smith - Bank of America Michele Della Vigna - Goldman Sachs Peter Low - Redburn Atlantic Massimo Bonisoli - Equita Lydia Rainforth - Barclays Henry Tarr - Berenberg Paul Redman - BNP Paribas Matt Lofting - JPMorgan Operator [Starts Abruptly] Chief Transition and Financial Officer. For the duration of the call, you will be in listen-only mode.
- 10/25/2024
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Italy's Eni sees 2.5-billion-euro net proceeds from disposals in 2025
- Italian energy group Eni expects 2.5 billion euros ($2.7 billion) in net proceeds from additional disposals that will be completed next year, Chief Transition & Financial Officer Francesco Gattei said on Friday.
- 10/25/2024
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Italy's Eni ups buyback to 2 bln euros after better than expected Q3
- Italian energy group Eni said on Friday it would increase its share buyback programme to 2 billion euros ($2.2 billion) after reporting better than expected third-quarter results.
- 10/25/2024
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Eni to invest 2 bln euro in five years to overhaul chemical unit
- Italian energy group Eni said on Thursday it would invest 2 billion euros ($2.2 billion) in five years to decarbonise and relaunch its loss-making chemical unit Versalis.
- 10/24/2024
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Eni's Plenitude Expands Spanish Footprint With New Wind Plant
- E's Plenitude launches the 13 MW Numancia wind farm in Soria, producing 31 GWh annually and powering 9,500 homes, further expanding its renewable energy footprint in Spain.
- 10/11/2024
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The Zacks Analyst Blog ExxonMobil's, APA, TotalEnergies', Eni SpA and EQT
- ExxonMobil's, APA, TotalEnergies', Eni SpA and EQT are included in this Analyst Blog.
- 10/11/2024
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Eni Backs CLEAN Initiative, Expands LNG Cooperation With Japan
- E strengthens its LNG ties with Japan, joining forces to promote decarbonization through the CLEAN Initiative and expand its Mozambique LNG projects.
- 10/08/2024
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Eni to Develop CCS Project to Aid UK's Decarbonization Efforts
- E will leverage its existing knowledge and capabilities in handling complex projects to repurpose the existing pipeline infrastructure and platforms for the new CCS project.
- 10/07/2024
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Italy's Eni in talks with Japan on supplying LNG, executive says
- Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni's director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday.
- 10/05/2024
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Eni-Ithaca Merger Expands Footprint in North Sea Oil and Gas
- E's upstream merger with Ithaca Energy creates a major player in the North Sea, setting the stage for substantial oil and gas production and UK energy security.
- 10/04/2024
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Eni's Plenitude Launches New Identity for Electric Mobility
- E's subsidiary, Plenitude, introduces "On the Road," streamlining its charging solutions to improve customer experience and promote electric mobility in Europe.
- 10/02/2024
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Eni: 2 Likely Spin-Offs Make It Uniquely Attractive
- Eni is known as one of the oil majors. Few know that E has many fast-growing units, such as the biofuel division Enilive and the renewables business Plenitude. These businesses are attracting big investments by large international funds, making Eni's current valuation look deeply discounted. I suggest taking advantage of the current dip and going long.
- 10/02/2024
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Eni Nears KKR Deal as Investors Eye Second Biofuel Stake Sale
- As E finalizes a stake sale to KKR for its biofuel arm Enilive, new investors, including Stonepeak, are exploring opportunities to acquire a second stake in the growing unit.
- 09/27/2024
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Eni Publishes First Methane Report, Aims for Near-Zero Emissions
- E's first Methane Report outlines the company's decade-long mission to reduce methane emissions and its goal to achieve near-zero emissions by 2030.
- 09/25/2024
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Eni CEO sees Brent oil price around $80 per barrel in Q4
- The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
- 09/25/2024
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Italy's Eni plans to start exploration in North Africa's Ghadames basin in 2025
- Italy's Eni considers Libya a key country for upstream activities and plans to start exploration in the Ghadames basin next year, the energy group's head of North Africa and Levant said on Monday.
- 09/23/2024
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Eni Eyes New Plenitude Stake Sale to Boost Energy Transition
- E is in talks with several funds to sell a 10% stake in its renewable unit Plenitude, valued at over 10 billion euros, as part of its strategy to fund its energy transition.
- 09/16/2024
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Exclusive: Eni in talks with funds on another Plenitude stake sale, sources say
- Italian energy group Eni is in talks with several funds over the potential sale of a minority stake in its renewable and retail business Plenitude, two sources with knowledge of the matter said on Friday.
- 09/13/2024
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Eni Restructures Business to Unlock Satellite Value and Boost Growth
- E restructures its business to unlock satellite company value, drive chemical division transformation and accelerate decarbonization efforts.
- 09/13/2024
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Eni Secures Ministry Approval for Livorno Biorefinery Project
- E is set to begin construction of its third biorefinery in Livorno after receiving approval from Italian regulators, advancing its mission to achieve carbon neutrality by 2050.
- 09/12/2024
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Eni approves new business structure to boost units, consider new IPOs
- Italy's Eni has approved a new business structure to enhance the value of its satellite companies such as Plenitude and Enilive and consider new partners and future public listings, the energy group said on Thursday.
- 09/12/2024
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Eni and SOCAR Sign MoUs on Biofuels and Emission Reduction
- E and SOCAR sign three MOUs to enhance energy security, reduce emissions and explore biofuel production ahead of COP29 in Azerbaijan.
- 09/09/2024
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E vs. XOM: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Oil and Gas - Integrated - International sector have probably already heard of Eni SpA (E) and Exxon Mobil (XOM). But which of these two stocks is more attractive to value investors?
- 09/06/2024
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Are Investors Undervaluing Eni (E) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/06/2024
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Eni and Snam Advance CO2 Storage in Italy's Ravenna Project
- E and Snam kick off CO2 injection at Italy's first CCS project in Ravenna, setting the stage for significant emission reductions and driving industrial decarbonization.
- 09/04/2024
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Eni, Snam launch Italy's first carbon capture project
- Eni and Snam have launched Italy's first carbon capture, transport and storage (CCS) project to help heavy polluting industries cut carbon dioxide (CO2) emissions, they said on Tuesday.
- 09/03/2024
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These 3 Energy Stock Dividends Are Dirt Cheap
- AI is in and energy is out. As usual. Which is just dandy for contrarian dividend investors like us.
- 09/02/2024
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Zacks Industry Outlook Chevron, Shell, BP and Eni SpA
- Chevron, Shell, BP and Eni SpA have been highlighted in this Industry Outlook article.
- 08/26/2024
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Eni (E) Secures New Offshore Gas Hub Approvals in Indonesia
- Eni (E) gets the green signal for two new gas projects in Indonesia, enhancing its Kutei Basin operations and increasing gas and condensates production.
- 08/26/2024
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4 Integrated Energy Stocks to Watch Amid Industry Turbulence
- Weak refining is hurting the Zacks Oil and Gas Integrated International industry's outlook. XOM, SHEL, BP & E will probably overcome market challenges.
- 08/23/2024
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Eni (E) Begins Gas Production From Major Argo Cassiopea Project
- Eni (E) starts gas production at the Argo Cassiopea field in Sicily, a project expected to supply up to 1.5 billion cubic meters of gas annually, marking a key step in Italy's energy strategy.
- 08/20/2024
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3 Major Integrated Firms Leading the Energy Transition
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 08/15/2024
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Eni (E) Q2 Earnings Miss Estimates Despite Revenue Growth
- Lower throughputs and declining gas sales contribute to Eni's (E) lower-than-expected Q2 earnings.
- 07/29/2024
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Eni: Incoming Precedent Transactions Strengthen Value Case
- Eni S.p.A. has a solid E&P business with growth engines in Enilive and Plentitude, that have precedent values. Strong organic and inorganic action in E&P offset challenges in chemical and refining sectors, as well as gas. The residual businesses don't look highly valued enough, which gels with an ample ongoing buyback programme.
- 07/28/2024
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Eni could raise more than 8 billion euros from disposals, CEO says
- Eni could pocket more than 8 billion euros ($8.7 billion) in net proceeds from disposals by 2027, CEO Claudio Descalzi said on Friday after the Italian energy group reported second-quarter results ahead of consensus.
- 07/26/2024
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Eni S.p.A. (E) Q2 2024 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q2 2024 Earnings Conference Call July 26, 2024 8:00 AM ET Company Participants Claudio Descalzi - CEO Stefano Ballista - CEO, Enilive Francesco Gattei - CFO Guido Brusco - Head of Natural Resources Cristian Signoretto - Head of GGP Adriano Alfani - CEO, Versalis Jon Rigby - Head of IR & Strategic Analysis Conference Call Participants Irene Himona - Bernstein Josh Stone - UBS Biraj Borkhataria - RBC Capital Markets Alejandro Vigil - Santander Alessandro Pozzi - Mediobanca Alastair Syme - Citi Lydia Rainforth - Barclays Peter Low - Redburn Atlantic Michele Della Vigna - Goldman Sachs Matt Smith - Bank of America Martijn Rats - Morgan Stanley Matt Lofting - JPMorgan Operator Good afternoon ladies and gentlemen and welcome to Eni's 2024 First Half Results Conference Call hosted by Mr. Claudio Descalzi, Chief Executive Officer.
- 07/26/2024
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Eni (E) in Exclusive Talks With KKR for Enilive Stake Sale
- The move aligns with Eni's (E) broader strategy of developing focused business units, thereby enhancing its financial autonomy.
- 07/24/2024
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Italy's Eni in exclusive talks with KKR over sale of minority stake in biofuel unit
- Eni said on Tuesday it signed an exclusivity agreement with investment firm KKR over the potential sale of a 20%-25% stake in its biofuel unit Enilive, based on a valuation of the company of up to 12.5 billion euros ($13.6 billion).
- 07/23/2024
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3 Nuclear Fusion Stocks Energizing the Future
- At the moment, the concept of nuclear fusion stocks – or at least the pure-play version – doesn't quite exist. But that doesn't mean you can't position your portfolio to take advantage of the underlying innovation.
- 07/21/2024
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Eni (E) and KMG Commence 250 MW Hybrid Plant in Zhanaozen
- Eni (E) and KazMunayGas have started constructing a 250 MW hybrid power plant in Kazakhstan, integrating solar, wind and gas power. This project marks a significant step toward a low-carbon future for the Mangystau Region.
- 07/17/2024
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Eni (E) Set to Launch Quantum Computing Venture Eniquantic
- Eni (E), through Eniquantic, aims to drive the energy transition by leveraging quantum computing for advancements in energy efficiency, material discovery and operational optimization.
- 07/16/2024
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Eni's (E) Versalis Makes Breakthrough in Food Contact Packaging
- The collaboration between Eni's (E) Versalis and Forever Plast aims to address application sectors, such as food packaging, wherein sustainability and quality are paramount.
- 07/12/2024
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Eni (E) Strikes Big With New Discovery in Sureste Basin
- Eni (E) announces a major oil and gas discovery in the Sureste Basin off Mexico, with an estimated 300-400 million barrels of oil equivalent. The finding might lead to a new production hub in the region.
- 07/09/2024
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Here's Why Hold Strategy is Apt for Eni (E) Stock Right Now
- Eni's (E) diversified business model, combining traditional oil and gas operations with renewable energy and biorefining, positions the company for sustainable growth.
- 07/05/2024
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Eni's (E) Sale to Oando Approved Amid Nigeria Regulatory Shifts
- The sale of Eni's (E) NAOC to Oando has been pending for months due to regulatory requirements under Nigeria's new oil industry law.
- 07/04/2024
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Nigerian oil regulator approves Eni, Equinor assets sale
- Nigeria's upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim, to acquire assets, the head of the agency, Gbenga Komolafe, said on Wednesday.
- 07/03/2024
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Eni (E) Targets Raising 4B Euros From Upstream Asset Sales
- Eni (E) aims to raise more than 4 billion euros from global upstream asset sales, part of a broader 8 billion euros disposal plan to support its shift toward sustainable energy.
- 07/02/2024
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Eni (E) Signs Deal to Divest Alaska Offshore Assets to Hilcorp
- The divestment is part of Eni's (E) broader strategy to generate a net portfolio inflow of 8 billion euros between 2024 and 2027.
- 06/28/2024
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Italy's Eni agrees to sell two Alaska upstream assets to Hilcorp
- Italy's Eni said on Thursday it had signed a binding agreement to sell its Nikaitchuq and Oooguruk upstream offshore assets in Alaska to U.S. private company Hilcorp.
- 06/27/2024
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Eni (E) Forges Partnership to Accelerate Energy Transition
- The collaboration between Eni (E) and the FS Group seeks to uncover fresh opportunities in the transportation, energy and materials sectors.
- 06/26/2024
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Eni (E) CEO Confirms Enilive Stake Sale Completion by 2024 End
- Eni's (E) CEO Claudio Descalzi confirms that the sale of a minority stake in Enilive is set to be closed by the end of 2024. This move aligns with Eni's strategy to create 'satellites' for its business units, attracting investments and driving growth.
- 06/25/2024
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Italy's Eni likely to finalise Enilive stake sale by year-end, CEO says
- Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio De Scalzi said on Monday.
- 06/24/2024
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Eni (E) Launches Major Forest Conservation Project in Mozambique
- Eni (E) and Biocarbon Partners have launched the Great Limpopo project, the largest forest conservation initiative in Mozambique, aiming to protect 4 million hectares of forest and involve more than 320,000 community members.
- 06/20/2024
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5 Stocks With Recent Dividend Hike for a Stable Portfolio
- Five stocks with recent dividend hike in focus are: HWC, UNH, E, FDX, HLNE.
- 06/14/2024
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Eni (E) Sells 10% Stake of Saipem to Focus on Core Operations
- Following the divestment, Eni (E) retains 21.19% of Saipem's capital.
- 06/12/2024
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Eni's (E) Versalis and Crocco Team Up for Eco-Friendly Packaging
- Eni's (E) Versalis and Crocco join forces to revolutionize food packaging with chemically recycled materials, marking a leap toward enhancing sustainability in the retail market.
- 06/06/2024
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Eni's (E) Enilive Iberia Grows Spanish Network With Atenoil Deal
- Eni's (E) mobility transformation company Enilive Iberia acquires Atenoil, adding 21 new service stations in Spain, advancing its sustainable mobility strategy and strengthening market presence.
- 06/04/2024
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Eni (E) Announces Ambitious Share Repurchase Program for 2024
- As part of the initial phase of the buyback, Eni (E) will acquire up to 6.4 million of its shares, representing 0.25 of its share capital.
- 05/28/2024
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Eni (E) Considers 20% Stake Sale in Its Enilive Biorefining Unit
- Eni (E) considers divesting a 20% stake in Enilive, its biorefining arm, signaling a strategic shift toward renewable energy.
- 05/23/2024
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Is Eni (E) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/22/2024
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Eni's (E) Kenyan Subsidiary Secures Funding for Green Transport
- Eni (E) partners with IFC and the Italian Climate Fund to secure a $210 million investment, aiming to revolutionize Kenya's biofuel industry, empower farmers, and decarbonize transportation.
- 05/20/2024
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Watch These 3 Energy Stocks Leading the Green Transition
- Investors are advised to monitor three energy companies, namely Eni SpA (E), TotalEnergies SE (TTE), and BP, as these are at the forefront of the energy transition.
- 05/20/2024
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Eni (E) to Divest $1.52B Stake to Help Reduce Italy's Debt
- The sale involves 2.8% of Eni's (E) shares and is being conducted through an accelerated book building process.
- 05/16/2024
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E or FUPBY: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Oil and Gas - Integrated - International sector have probably already heard of Eni SpA (E) and Fuchs Petrolub SE Unsponsored ADR (FUPBY). But which of these two stocks presents investors with the better value opportunity right now?
- 05/16/2024
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Eni (E) Explores Oil and Gas Spin-offs for Green Investments
- Eni (E) charts a new course as it considers using an innovative satellite model to spin off oil and gas projects to propel the transition to low-carbon energy solutions worldwide.
- 05/14/2024
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Focus: Eni eyes new oil and gas spin-offs in energy transition satellite strategy
- Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said.
- 05/13/2024
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Should Value Investors Buy Eni (E) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/06/2024
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Eni (E) Misses on Q1 Earnings, Expects Higher '24 Production
- Lower natural gas price realization hurts Eni's (E) earnings in Q1.
- 05/03/2024
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BP-Eni JV signs agreement for Namibia offshore license
- A BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday.
- 05/03/2024
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E vs. FUPBY: Which Stock Is the Better Value Option?
- Investors with an interest in Oil and Gas - Integrated - International stocks have likely encountered both Eni SpA (E) and Fuchs Petrolub SE Unsponsored ADR (FUPBY). But which of these two stocks presents investors with the better value opportunity right now?
- 04/30/2024
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Best Income Stocks to Buy for April 30th
- SSRM, E and FBP made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 30, 2023.
- 04/30/2024
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Eni (E) to Divest Its UK Upstream Assets to Ithaca Energy
- Per the deal, Eni (E) will receive new shares in Ithaca Energy, amounting to 38.5% of the total shares post-merger.
- 04/25/2024
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Eni S.p.A. (E) Q1 2024 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q1 2024 Results Conference Call April 24, 2024 8:00 AM ET Company Participants Francesco Gattei - Chief Financial Officer Cristian Signoretto - Head of GGP Guido Brusco - Head of Natural Resources Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Adriano Alfani - Chief Executive Officer, Versalis Aldo Napolitano – Director of Exploration Stefano Goberti - Chief Executive Officer, Plenitude Conference Call Participants Josh Stone - UBS Giacomo Romeo - Jefferies Matt Smith - Bank of America Alessandro Pozzi - Mediobanca Biraj Borkhataria - Royal Bank of Canada Henry Tarr - Berenberg Irene Himona - Bernstein Peter Low - Redburn Atlantic Michele Della Vigna - Goldman Sachs Alastair Syme - Citi Lydia Rainforth - Barclays Kim Fustier - HSBC Alejandro Vigil - Santander Massimo Bonisoli - Equita Bertrand Hodee - Kepler Cheuvreux Operator Good afternoon, ladies and gentlemen, and welcome to Eni's 2024 First Quarter Results Conference Call, hosted by Mr. Francesco Gattei, Chief Financial Officer.
- 04/24/2024
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Here's Why Hold Strategy is Apt for Eni (E) Stock Right Now
- Eni (E) maintains a consistent focus on high-impact exploration activities for 15 consecutive years, leading to significant discoveries in diverse geographic locations.
- 04/22/2024
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Eni (E) Plans Stake Sales in Biofuel, Bioplastic Units
- Eni (E) aims to drive sustainability by offloading stakes in biofuel and bioplastic units, totaling approximately 1.3 billion euros, thereby accelerating its sustainable energy transition plan.
- 04/16/2024
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Eni (E) Plenitude Starts Building Renopool Solar Park in Spain
- The Renopool solar park is the key to achieving Eni's (E) sustainability goals, showcasing its dedication to global sustainable energy innovation.
- 04/11/2024
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Eni (E) Extends Partnership With MIT Energy for a Greener Future
- Eni's (E) renewed partnership with MIT Energy drives innovation for low-carbon energy solutions, marking a milestone in the journey toward achieving net zero emissions.
- 04/04/2024
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Italy's Eni mulls sale of newswire AGI amid conflict of interest row
- Eni is evaluating an expression of interest for its newswire Agenzia Giornalistica Italia (AGI), a spokesperson for the energy group said on Tuesday, adding the discussion was preliminary and non-exclusive.
- 04/02/2024
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Eni (E) & Ithaca Energy in Talks for UK Upstream Assets Merger
- Eni (E) and Ithaca Energy strike an exclusivity deal, as both companies explore a merger that could elevate their positions in the U.K.'s upstream sector, unlocking new opportunities.
- 03/28/2024
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Eni (E), Fincantieri, RINA Team up to Decarbonize Maritime Sector
- Eni (E), Fincantieri and RINA collaborate to revolutionize maritime transport and reduce carbon footprint, aiming for net-zero emissions by 2050.
- 03/26/2024
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Eni (E) Boosts UK's Decarbonization With HyNet North West
- The HyNet North West project is set to establish a significant new industry within the UK, enhancing Eni's (E) position as a leader in providing decarbonization services at competitive costs.
- 03/22/2024
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Eni's (E) Capital Update Unveils $1.2B Buyback, Dividend Hike
- Eni (E) charts an ambitious 2024-2027 plan with a $1.2B stock buyback, aiming to reduce emissions, boost dividends and pave the way for a greener future.
- 03/15/2024
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Italy's Eni increases investor reward in updated strategy
- Italian energy group Eni said it would increase its distribution policy to between 30% and 35% of its cash flow from operations (CFFO) as it expects 8 billion euros ($8.74 billion)in net proceeds from asset portfolio management in the 2024-27 period.
- 03/14/2024
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Eni's (E) Exploratory Efforts in Block CI-205 Yield Results
- Eni (E) has made a significant hydrocarbon discovery in Block CI-205, off the coast of Cote d???Ivoire. This is the second largest discovery in Cote d?
- 03/13/2024
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Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 03/08/2024
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4 Integrated Energy Stocks Set to Escape Industry Weakness
- Refining business uncertainties and the energy market???s increasing focus on renewables are making the outlook for the Zacks Oil and Gas Integrated International industry dull.
- 03/07/2024
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Eni (E) Reports Y/Y Declines in Earnings & Revenues in Q4
- Lower average realized commodity prices hurt Eni's (E) earnings in Q4.
- 02/19/2024
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Eni beats Q4 profit forecasts thanks to strong gas, LNG business
- Italian energy group Eni reported on Friday fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), beating analysts expectations thanks to a better than expected performance of its global gas and LNG division.
- 02/16/2024
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Indonesia teams up with Italy's Eni on decarbonisation
- Indonesia's Energy and Mineral Resources Ministry said on Friday it had signed a memorandum of understanding with Italian energy group Eni to accelerate its decarbonisation programmes.
- 02/02/2024
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Eni (E) Completes Purchase of UK's Neptune Energy for $4.9B
- The transaction brings substantial benefits to Eni (E), including increased gas production in North Africa, and potential carbon capture and storage opportunities in Northern Europe.
- 02/01/2024
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Eni (E) Proceeds With Livorno's Conversion to Biorefinery
- As part of this initiative, Eni (E) halts the import of crude oil and initiates the shutdown of the Livorno refinery's lubricant production lines and topping plant.
- 01/30/2024
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Environmental group criticises Italy's Eni for use of palm oil by-product
- European environmental lobby group Transport & Environment (T&E) criticised Eni in a report on Monday, saying the Italian energy group's use of a palm oil by-product in its biofuel output showed it was reneging on previous commitments.
- 01/29/2024
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3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 01/26/2024
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Eni's (E) Plentitude Collaborates With BlueFloat-Sener JV
- Eni's (E) renewable wing, Plentitude, joins forces with the BlueFloat and Sener joint venture for the development of offshore wind projects in Spain, promoting growth in the renewables sector.
- 01/24/2024
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Eni (E), KMG Sign Agreement for 250 MW Renewables-Gas Project
- Eni (E) and KMG join forces for a revolutionary 250 MW Hybrid Renewables-Gas Project, ushering in a new era of sustainable energy in Kazakhstan.
- 01/22/2024
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Eni (E) Proceeds With Biorefinery Project in South Korea
- The biorefinery is set to play a pivotal role in Eni's (E) overarching strategy to contribute to achieving net-zero emissions by 2050.
- 01/19/2024
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Italy's Eni, LG Chem press ahead with South Korea's biorefinery project
- Eni's sustainable mobility unit Enilive has signed joint venture agreement with LG Chem to develop a biorefinery in South Korea.
- 01/19/2024
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Shell's Q4 Update & Sunoco's $1B Sale Lead the Oil & Gas Stock Roundup
- SHEL, SUN, E, TRP and VAL emerge as the energy headline makers during the week.
- 01/17/2024
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The 3 Best Oil Stocks to Buy in January 2024
- In a world where energy is absolutely vital, oil companies continue to play an important role in its structure. Fossil fuels will continue to operate for many more years before a complete transition to 100% green energy occurs.
- 01/13/2024
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Eni's (E) Plenitude Secures 80% Stake in US Solar Farm Trio
- Eni's (E) Plenitude elevates its U.S. renewable energy capacity by adding 272 MW through a majority stake in three operational solar farms.
- 01/11/2024
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Eni's (E) GreenIT Advances Toward Italy's Renewable Future
- The efforts of Eni's (E) GreenIT and Galileo come at a pivotal moment, contributing not only to Italy's energy landscape but also resonating with Europe's renewable energy sector.
- 01/09/2024
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How Smart Acquisitions Are Fueling Growth in the Energy Sector
- The year 2023 reshaped the oil and gas industry as companies like ExxonMobil, Chevron, OXY and Harbour Energy made strategic, eco-friendly moves, setting industry trends.
- 01/04/2024
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Eni (E) Initiates First Gas Into Congo's Tango FLNG Facility
- The facility is an important part of the Congo LNG project and fits with Eni's (E) goal of having a variety of energy sources. It is meant to meet the country's needs for generating power.
- 01/02/2024
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Eni (E) Strengthens Position as U.K.'s Leading CCS Operator
- Eni (E) accelerates the U.K.'s carbon capture journey through the expansion of HyNet, while also revealing the CCUS Vision and outlining plans for a second CCUS facility, the Bacton Energy Hub.
- 12/28/2023
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Eni (E) and IOM Join Forces to Boost Youth Employment in Libya
- Eni's (E) North African branch signs a 5-year agreement with IOM to empower 850 Libyan youths, bridging skill gaps in agribusiness and industry.
- 12/27/2023
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Eni (E) Signs Deal to Divest Minority Stake in Plenitude to EIP
- The deal is expected to enhance Eni's (E) capital structure by reducing its consolidated net financial leverage and optimizing its capital base.
- 12/26/2023
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Eni (E) Boosts UK CCS Leadership With CCUS Market Launch
- Eni (E) plays a significant role in the expansion of the HyNet Cluster, operating CO2 transport and storage within this initiative.
- 12/22/2023
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Eni (E) Considers Selling Stake in Bioplastic Firm Novamont
- The divestment of the stake aligns with Eni's (E) strategy to bolster the sustainability of its entire chemical business.
- 12/18/2023
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Eni (E) Signs a 3B Euro Deal to Strengthen Green Initiative
- Eni (E) signs a new 3-billion-euro sustainability-linked credit line tied to carbon reduction and renewable energy goals, signaling a major leap toward a greener tomorrow.
- 12/11/2023
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Eni (E), Repsol to Restore Venezuela Oil Terms, Focus on Gas
- Eni (E) and Repsol (REPYY) aim to secure exports from a crucial project that holds rights to the largest offshore gas field in South America.
- 12/08/2023
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Eni (E) Signs MoU With Ministry of Defence for Italy's Security
- The MoU between Eni (E) and Italy's Ministry of Defence signals a shared commitment to safeguarding Italy's interests and boosting technological advancements.
- 12/06/2023
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Eni (E) Joins Global Drive to Tackle Methane Emissions at COP28
- Eni (E) collaborates with World Bank to combat methane emissions and flaring globally, with the shared goal of achieving nearly zero impact by 2030.
- 12/05/2023
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Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 12/01/2023
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Eni (E) to Ensure Continuous Gas Supply to Switzerland & Italy
- Eni (E) continues to advance its strategy to consolidate gas supplies, a response to the energy crisis stemming from the challenging and ongoing international scenario.
- 11/29/2023
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Italy minister sees Eni share buyback as good way to cut state's stake
- Cutting Italy's stake in Eni by using the company's share buyback scheme is a good idea, Economy Minister Giancarlo Giorgetti said on Wednesday.
- 11/29/2023
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Cutting Italy's stake in Eni via co's share buyback makes sense, minister says
- Italy's Economy Minister Giancarlo Giorgetti said on Wednesday that cutting the state's stake in Eni by using the company's share buyback was a proposal which made sense.
- 11/29/2023
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Eni (E) Triumphs in $600M LNG Arbitration Clash With Uniper
- Eni (E) clinches a decisive win in a $600 million arbitration case against Germany's Uniper over an expired LNG supply contract.
- 11/28/2023
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Projects sponsored by Snam, Eni and Terna get priority status from EU
- The European Commission has included several energy initiatives sponsored by Italy's Snam , Eni and Terna in a new list of Projects of Common Interest (PCI) published on Tuesday.
- 11/28/2023
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Italy's Eni wins in arbitration case against Uniper -sources
- Eni has won a $600-million award after an arbitration court decided in the Italian firm's favour and against Germany's Uniper in a row over a liquefied natural gas (LNG) supply contract, three trading sources said.
- 11/27/2023
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Eni (E) and ILO Forge Safety Partnership for Small Farmers
- Eni (E) and ILO collaborate on a transformative initiative for five years, enhancing occupational safety and health for 150,000 small farmers in Kenya and Cote d'Ivoire.
- 11/27/2023
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Eni's Success Amid Oil Market Turmoil: A 50% Return Story And What Comes Next
- Eni S.p.A. has outperformed its peers and returned around 50% with dividends factored in. The war in Ukraine, political unrest in Israel, and Europe's need to diversify gas suppliers make Eni an attractive investment. Eni has also developed a profitable renewable energy business - Plenitude - which is supposed to soon IPO, creating additional value.
- 11/25/2023
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Eni (E) CEO and President Ouattara Celebrate Baleine Field Launch
- Eni (E) CEO Descalzi and president Ouattara applaud the launch of Baleine oil field, marking Africa's first net-zero oil development.
- 11/24/2023
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Eni (E) Decides to Suspend Nigerian Oilfield Arbitration
- With the move, Eni (E) aims to extend the negotiation timeframe and facilitate the conversion of the prospecting license into a production license.
- 11/22/2023
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Eni suspends World Bank arbitration in Nigeria oilfield dispute - sources
- Italy's Eni has temporary halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the licence from prospecting to mining, sources with direct knowledge of the matter told Reuters.
- 11/20/2023
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Eni (E) & Saipem Join Forces for Biorefinery Revolution
- Eni (E) and Saipem unite to revolutionize energy with biorefineries, marking an increase in sustainable fuel production.
- 11/14/2023
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Bankers propose Italy's Treasury sells part of Eni stake, sources say
- Several investment banks have approached Italy's Treasury with offers to help it sell part of its stake in Eni , saying the group's current share buyback will allow Rome to reduce its holding without losing full control, sources said on Friday.
- 11/10/2023
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Eni (E) Nears 8B Euros Plenitude Deal With EIP for Renewables Push
- Eni (E) discloses advanced talks with EIP on a potential 10% stake sale in Plenitude for 750M euros.
- 11/10/2023
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Eni, Saipem join forces to develop new bio-refineries
- Italian energy group Eni and energy services company Saipem have signed a deal to support the transformation of traditional refineries and the development of new Eni's bio-refineries, the two groups said on Monday.
- 11/06/2023
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Eni (E) Q3 Earnings Beat Estimates, Revenues Fall Y/Y
- Eni's (E) third-quarter earnings benefit from higher oil and gas production volumes. However, lower commodity price realizations have offset the positives.
- 10/30/2023
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Israel awards gas exploration licences to ENI, BP and four others
- Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean Coast, aiming to create more competition and diversify suppliers.
- 10/29/2023
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Eni S.p.A. (E) Q3 2023 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q3 2023 Earnings Conference Call October 27, 2023 8:00 AM ET Company Participants Francesco Gattei - Chief Financial Officer Cristian Signoretto - Deputy Chief Operating Officer, Natural Resources Guido Brusco - Chief Operating Officer, Natural Resources Aldo Napolitano - Executive Vice President, Exploration Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Adriano Alfani - Chief Executive Officer, Versalis Stefano Goberti - Chief Executive Officer, Plenitude Conference Call Participants Giacomo Romeo - Jefferies Biraj Borkhataria - RBC Oswald Clint - Bernstein Alessandro Pozzi - Mediobanca Irene Himona - Societe Generale Michele Della Vigna - Goldman Sachs Henri Patricot - UBS Henry Tarr - Berenberg Massimo Bonisoli - Equita Alejandro Vigil - Santander Operator Welcome to Eni's 2023 Third Quarter Results Conference Call hosted by Mr. Francesco Gattei, Chief Financial Officer.
- 10/27/2023
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Snam, Eni's carbon capture hub can serve also southern Europe
- A project by Italian gas grid Snam and energy group Eni to capture carbon dioxide and store it in depleted gas fields can help decarbonise businesses both in Italy and in southern European industries, Snam CEO Stefano Venier said.
- 10/23/2023
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Eni (E) Reaches Landmark CCS Agreement With U.K. Government
- Eni (E) and the U.K. Government join forces to revolutionize carbon storage in HyNet North West, which is set to become the world's first asset-based regulated CCS business model.
- 10/18/2023
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Eni: Mattei Plan Is The Key To Success, Strong Buy
- Eni has achieved a double-digit return but remains significantly below its target price by over 35%. Eni stands to benefit from the Italian "Mattei Plan," which aims to create economic ties with African countries for energy resources. While exact growth figures from the Mattei Plan are uncertain, I think it will further establish Eni as an industry leader.
- 10/17/2023
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Eni (E) & Dompe Farmaceutici Partner to Drive Health Research
- Eni (E) and Pharma Leader Dompe sign a letter of intent to accelerate vital healthcare discoveries using advanced technology.
- 10/13/2023
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Eni Is A Buy Ahead Of Q3
- Eni plays a vital role in the Mediterranean Eastern region but has no direct implication with the Israel/Hamas conflict. A potential Iran involvement with a possible Middle East escalation might result in higher for longer oil prices. Eni has a solid balance sheet with a supportive FCF yield. The company also closed the gap with peers, paying the dividend on a quarterly basis.
- 10/13/2023
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Eni (E) to Conclude FID on Mozambique LNG Project by Mid 2024
- Eni (E) and partners aim for a major investment decision on second Mozambique LNG venture by mid-2024.
- 10/11/2023
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Exclusive: Eni and partners to decide on Mozambique LNG investment by mid 2024, sources say
- Italy's Eni SpA hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.
- 10/10/2023
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Shift from oil to gas is key pillar of Eni transformation, CEO says
- Italian energy group Eni will continue to gradually shift its activity from oil to gas in the coming years, the group's chief executive said on Tuesday, adding the move has been one of the pillars of Eni's transformation strategy.
- 10/10/2023
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New Strong Sell Stocks for October 10th
- CBRE, E and IMXI have been added to the Zacks Rank #5 (Strong Sell) List on October 10, 2023.
- 10/10/2023
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Oil and gas demand is growing but you have to be 'efficient and effective,' ENI CEO says
- Eni CEO Claudio Descalzi says oil and gas demand is growing, but has to be "efficient and effective" for new technologies.
- 10/02/2023
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Italy's Eni makes big gas discovery in Indonesia's Kutei Basin
- Italian energy group Eni said on Monday it had made a significant gas discovery from the Geng North-1 exploration well drilled in the North Ganal PSC, about 85 kilometres off the coast of East Kalimantan in Indonesia.
- 10/02/2023
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Eni CEO discusses its new gas discovery in Indonesia
- Claudio Descalzi, CEO of the Italian energy giant, speaks to CNBC at ADIPEC in Abu Dhabi about its gas discovery in Indonesia.
- 10/02/2023
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Eni Made 'Huge' Gas Discovery in Indonesia, CEO Says
- Eni SpA Chief Executive Officer Claudio Descalzi says the Italian energy giant has discovered natural gas in a block in Indonesia that is close to existing facilities. He speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East and Africa.
- 10/02/2023
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Energy storage is good in Europe but prices are still volatile, Eni CEO says
- Claudio Descalzi, CEO of Eni, discusses whether Europe has passed the energy crisis.
- 10/02/2023
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Eni's (E) Plenitude Initiates Solar Power Project in Kazakhstan
- The Shaulder solar project launch emphasizes Eni's (E) commitment to renewables and its leadership in the global energy transition.
- 09/28/2023
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Eni (E) Secures 2 Out of 4 Blocks in Egypt's Oil & Gas Auction
- Eni (E) dominates Egypt's oil and gas auction, securing concessions for two out of the four crucial blocks.
- 09/27/2023
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Gas markets 'very volatile' due to lack of Russian supply, Eni CEO says
- Gas markets remain "very volatile" due to the halt in Russian supplies to Europe, the head of Italian energy group Eni said on Wednesday.
- 09/27/2023
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Eni's (E) Hewett Project in U.K. Secures CO2 Storage License
- Eni (E) announces that its U.K. subsidiary's Hewett gas field project secured the Carbon Dioxide Appraisal and Storage License.
- 09/18/2023
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Eni: Cash Flow Growth And Shareholder Distributions Driving Double-Digit Returns
- Eni offers strong earnings and cash flow growth, supported by exploration success and capabilities in gas and LNG. The company has a strong portfolio of projects that will drive production growth and profitability. We believe Eni offers double-digit total shareholder returns over the mid-term and we recommend buying Eni shares.
- 09/15/2023
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Eni (E) and LG Chem Collaborate on Innovative Biorefinery Project
- Eni (E) and LG Chem embark on an innovative biorefinery project, which is set to revolutionize sustainable fuel and plastics production.
- 09/15/2023
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Italy's Eni wins second UK carbon storage licence
- Italian energy group Eni has won a second carbon dioxide storage licence in Britain, the company said on Friday.
- 09/15/2023
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North Africa will be Italy's key gas supplier for years, Eni top exec says
- Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects.
- 09/12/2023
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Eni SpA (E) is a Great Momentum Stock: Should You Buy?
- Does Eni SpA (E) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 09/08/2023
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Is Eni (E) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how Eni SpA (E) and Magellan Midstream Partners (MMP) have performed compared to their sector so far this year.
- 09/08/2023
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Should Value Investors Buy Eni (E) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/08/2023
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Eni's (E) Subsidiary Versalis and Flo Group Introduce R-Hybrid
- Eni (E)-owned chemical company Versalis, in collaboration with the Flo Group, introduced R-Hybrid, the first vending cup made from recycled polystyrene.
- 09/07/2023
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Nigerian state oil company says Eni unit did not obtain its consent in Oando sale - letter
- Nigerian state oil firm NNPC Ltd says a subsidiary of Italy's Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local firm Oando PLC, a failure that could have breached terms of a joint operating agreement, according to a letter seen by Reuters.
- 09/07/2023
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Eni's (E) Chemical Subsidiary Signs an Agreement With Technip
- Eni (E)-owned chemical company Versalis signs an agreement with Technip Energies to integrate and develop advanced technologies for recycling of plastic waste.
- 09/06/2023
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Eni (E) Signs Deal to Divest Nigeria Onshore Assets to Oando
- With the divestment, Eni (E) gets closer to its long-term strategy to reduce oil exposure in favor of natural gas.
- 09/05/2023
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Eni (E) and Snam Emphasize the Importance of CCS Project, Italy
- Eni (E) and Snam reveal that their first CCS project could position Italy as a pivotal country for carbon storage in Southern Europe.
- 09/04/2023
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Italy's Eni and Saudi Acwa Power sign accord to develop green hydrogen project
- Italy's Eni and Saudi Acwa Power signed on Monday a Memorandum of Understanding (MoU) to jointly develop a green hydrogen project in the Middle East and Africa at the Investment Forum between Italy and Saudi Arabia in Milan.
- 09/04/2023
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3 Oil Companies to Gain From Renewable Energy Investment
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are Shell (SHEL), Eni (E) and Enbridge (ENB).
- 09/01/2023
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Eni, Snam set ambitions for Italy's first carbon storage project
- Carbon capture and storage (CCS) technology is key to ensuring the survival and the competitiveness in Italy of industries including steel, cement and chemicals, energy group Eni and gas grid operator Snam said on Friday.
- 09/01/2023
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Eni's Norwegian to ramp up Arctic drilling
- Eni's Norwegian subsidiary Vaar Energi said on Thursday it would ramp up exploration in the Arctic Barents Sea to increase its oil and gas production in the region.
- 08/31/2023
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Eni (E) Starts Oil & Gas Production From Baleine Offshore Field
- The second phase of Eni's (E) Baleine field development is expected to commence by the end of 2024.
- 08/31/2023
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Eni begins oil and gas production at Ivory Coast Baleine field
- Italy's Eni has begun oil and gas production at the giant Baleine field in deep waters offshore Ivory Coast, the energy group said on Monday, confirming a previous announcement by the Ivorian energy ministry.
- 08/28/2023
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Here's Why Hold Strategy is Apt for Eni (E) Stock Right Now
- Eni's (E) lower capital budget will increase its cash flow significantly, which can have a powerful impact on its value in the marketplace.
- 08/24/2023
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Eni (E) & BP Award Offshore Contracts Worth $700M in Total
- The Eni (E) and BP contracts follow Saipem's recent agreement worth $1 billion with Mellitah Oil & Gas, which involves a gas project offshore Libya.
- 08/15/2023
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Italy's Saipem wins two contracts with Eni, BP worth a total $700 mln
- Italian energy services group Saipem on Thursday said it was awarded two new contracts by Eni's Eni Congo and BP , worth a total of around $700 million.
- 08/10/2023
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Eni (E) Shares Dip 1.1% Despite Reporting Q2 Earnings Beat
- An increase in refinery throughput volumes and higher hydrocarbon production aid Eni's (E) earnings in Q2.
- 08/08/2023
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50 Large-Cap High-Yield Stocks For August
- dogsofthedow.com (DOD) recently published this list of 50 large-cap high-dividend stocks as of 8/3/23 per data from YCharts. The DOD list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Investors reduce this volatility/risk by searching for high dividends from large well-established companies. For example, YCharts net-gain estimates (updated 8/3/23) for STLA, PBA, ET, BTI, TEF, T, PBR, IEP, VOD & MO ranged 36.88%-65.73%.
- 08/07/2023
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Italy's antitrust drops fuel prices probe on Eni, Exxon and others
- Italy's antitrust authority AGCM said on Monday it had closed a probe into several energy groups, including Eni and Exxon Mobil's ESSO Italiana unit, without imposing any sanctions.
- 07/31/2023
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Eni S.p.A. (E) Q2 2023 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q2 2023 Earnings Conference Call July 28, 2023 8:00 AM ET Company Participants Claudio Descalzi – Chief Executive Officer Guido Brusco – Chief Operating Officer-Natural Resources Cristian Signoretto – Deputy Chief Operating Officer-Natural Resources Francesco Gattei – Chief Financial Officer Conference Call Participants Biraj Borkhataria – RBC Oswald Clint – Bernstein Alessandro Pozzi – Mediobanca Alastair Syme – Citi Henry Tarr – Berenberg Henri Patricot – UBS Irene Himona – Societe Generale Martijn Rats – Morgan Stanley Massimo Bonisoli – Equita Bertrand Hodee – Kepler Cheuvreux Kim Fustier – HSBC Operator Good afternoon, ladies and gentlemen, and welcome to Eni's 2023 First Half Results Conference Call, hosted by Mr. Claudio Descalzi, Chief Executive Officer.
- 07/28/2023
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Eni (E) to Acquire Chevron's Stake in Indonesia Project
- Eni (E) will become the new operator of the Indonesia Deepwater Development project, replacing the position previously held by Chevron.
- 07/25/2023
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Eni (E) Collaborates With Maritime Majors for Decarbonization
- Eni (E) partners with various companies from the marine sector with an objective to decarbonize the industry and achieve zero CO2 emissions.
- 07/14/2023
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Eni (E) JV Signs Deal to Develop Photovoltaic Projects in Italy
- GreenIT, led by Eni (E), expects the agrivoltaic parks to satisfy the power requirements of 150,000 households.
- 07/12/2023
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Eni (E) Delivers First LNG Cargo to Italy's Piombino Terminal
- Eni (E) expects the terminal's production capacity to increase to five billion cubic meters of gas per year.
- 07/11/2023
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Eni Is An Underrated European Oil Major
- Eni S.p.A. is among the smallest of the large oil companies, with a market capitalization of just under $50 billion. The company has strong production that we expect it'll be able to continue growing as it explores. The company has political risk, but it's continuing to generate substantial free cash flow, making it a valuable investment.
- 07/10/2023
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Eni's JV GreenIT signs deal to start up four solar projects in Italy
- Eni-led renewable energy joint venture GreenIT has signed a deal with UK-based Hive Energy and SunLeonard Energy to build up four agri-voltaic solar projects in Italy, the Italian energy group said on Monday.
- 07/10/2023
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Eni (E) to Develop Second FLNG Facility Offshore Mozambique
- Eni (E) hires Consultec to conduct the environmental impact assessment process.
- 07/04/2023
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Italy's Eni wants to reduce oil exposure with asset sales
- Italy's Eni aims to reduce its exposure to oil in favour of natural gas and non-fossil fuels in part through asset sales, the energy group's CEO Claudio Descalzi said on Tuesday.
- 07/04/2023
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July's Top 50 Large-Cap High-Yield Dividend Stocks
- Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 6/29/23. This list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up”. Investors reduce volatility/risk by limiting high-dividend searches to large-well-established companies. For example, net gain estimates (as-of-6/29/23) for PXD, WES, TEF, DVN, T, ET, STLA, PBR, BTI, & topped-by VOD, ranged 31.24%-56.04%.
- 07/01/2023
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Eni (E) Announces Closing of St. Bernard Biorefinery JV
- The project increases Eni's (E) biorefining capacity to 1.6 million tons from 1.1 million tons.
- 06/29/2023
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Eni (E) Agrees to Sell $300M Non-Core Congo Assets to Perenco
- Eni (E) signs an agreement with Perenco for the sale of its non-core oil assets in Congo worth $300 million.
- 06/28/2023
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Eni (E) Negotiates to Acquire Neptune Energy Worth $5M
- The negotiations have progressed after Eni (E) increases its offer price to acquire Neptune Energy, which is currently between $5 billion and $6 billion.
- 06/23/2023
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Eni (E) Expands Car Sharing Fleet in Rome by Adding EVs
- Eni's (E) Enjoy will recharge EVs and ensure that the new cars are available with a minimum battery level of 30%.
- 06/20/2023
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Patterson-UTI, NexTier Combine to Create Oil Services Giant
- The current stockholders of Patterson-UTI Energy (PTEN) will own approximately 55% of the combined company, with NexTier Oilfield Solutions (NEX) shareholders owning the rest.
- 06/20/2023
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Inventory Build on All Fronts, Fed Stance Push Oil Lower
- Recent market worries notwithstanding, it would be prudent to add energy stocks like Profire Energy (PFIE), Eni S.p.A. (E) and Enterprise Products Partners (EPD).
- 06/15/2023
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Eni (E) to Divest Minority Stake in Plenitude Renewable Unit
- Eni (E) is planning to divest 5-10% of Plenitude. The unit could be worth more than 6 billion euros.
- 06/15/2023
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Exclusive: Eni intensifies talks to sell stake in low-carbon unit -sources
- Italian energy group Eni has intensified talks with several investors over a potential sale of a minority stake in its renewables and retail business Plenitude, three sources with knowledge of the matter said on Wednesday.
- 06/14/2023
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New Strong Buy Stocks for June 14th
- ORLA, CCU, WIRE, E and VLRS have been added to the Zacks Rank #1 (Strong Buy) List on June 14, 2023.
- 06/14/2023
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Best Value Stocks to Buy for June 14th
- E, WIRE and RCMT made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 14, 2023.
- 06/14/2023
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Best Income Stocks to Buy for June 14th
- PFLT, E and CCU made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 14, 2023.
- 06/14/2023
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Here's Why it is Worth Investing in Eni (E) Stock Right Now
- Benefitting from rising commodity prices, Eni (E) announces a share buyback plan of 2.2 billion euros for 2023.
- 06/13/2023
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Eni (E) to Build Kazakhstan's First Hybrid Renewable Gas Plant
- The project marks a step toward expanding Eni's (E) renewable generation capacity, while supporting Kazakhstan's decarbonization plans.
- 06/12/2023
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Are Investors Undervaluing Eni (E) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/08/2023
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Eni (E) to Explore Emission Reduction Opportunities in Libya
- Per the terms of the agreement, Eni (E) will work on cutting carbon dioxide emissions by reducing routine gas flaring, fugitive emissions and venting.
- 06/08/2023
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Oil Price Edges Higher With Refineries Running Full-Throttle
- At this point, it would be prudent to add energy stocks like NOW Inc. (DNOW), Eni S.p.A. (E) and Enterprise Products Partners (EPD).
- 06/08/2023
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Eni SpA (E) Upgraded to Strong Buy: Here's Why
- Eni SpA (E) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 06/06/2023
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New Strong Buy Stocks for June 6th
- SWRAY, ELF, MTH, VSAT and E have been added to the Zacks Rank #1 (Strong Buy) List on June 6, 2023.
- 06/06/2023
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Exclusive: Italy's Eni enters exclusive talks to acquire Neptune Energy -sources
- Italian energy giant Eni has entered exclusive talks to acquire private-equity backed gas and oil producer Neptune Energy after sweetening its previous offer to below $6 billion, industry sources said.
- 06/06/2023
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Best Value Stocks to Buy for June 6th
- E, MTH and TRMK made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 6, 2023.
- 06/06/2023
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Eni (E) Signs Agreement With RINA to Aid Decarbonization
- Eni (E) and RINA sign an agreement to co-develop projects that will aid in the decarbonization of their respective operations, particularly maritime transportation.
- 06/01/2023
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June's Top 50 Large-Cap High-Yield Dividend Stocks
- Dogsofthedow.com originally published this list of 50 large-cap high-dividend stocks as-of 5/5/23. This list targeted-investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Limiting investors high-dividend search to large, well-established companies reduces this volatility/risk. For example, YCharts net-gain estimates from 5/29/23 for RIO, T, ET, CHK, BBVA, VOD, BTI, STLA, EC, & PBR ranged 40.39%-74.75%.
- 05/31/2023
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Empyrean Energy raises capital in oversubscribed placing
- Empyrean Energy PLC (AIM:EME) told investors it has successfully completed an oversubscribed share placing, to raise £1.52 million, as the company awaits the resolution of negotiations over the Mako gas sales agreement (GSA). At the same time it has agreed changes to its borrowings, with a convertible loan note restructured.
- 05/30/2023
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Eni (E) Signs MoU With Sonangol for Decarbonization Efforts
- 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.
- 05/26/2023
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Eni (E) Shares Dip 3.4% Despite Reporting Q1 Earnings Beat
- An increase in refinery throughput volumes aid Eni's (E) earnings in Q1.
- 05/25/2023
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43 May 2023 Ideal Dividend Large-Cap High-Yield Stocks
- Dogsofthedow.com published this May list of 50 Large Cap High Dividend stocks 5/5/23. Dogsofthedow.com published this list for investors who “don't want to simply focus on high dividend yield only to discover the stock price plunging or the corporation has gone belly-up."
- 05/09/2023
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Eni S.p.A. (E) Q1 2023 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q1 2023 Earnings Conference Call April 28, 2023 8:00 AM ET Company Participants Francesco Gattei - Chief Financial Officer Cristian Signoretto - Deputy Chief Operating Officer, Natural Resources Giuseppe Ricci - Chief Operating Officer, Energy Evolution Division Aldo Napolitano - Executive Vice President, Exploration Projects Management Stefano Goberti - Chief Executive Officer Guido Brusco - Chief Operating Officer, Natural Resources Adriano Alfani - Chief Executive Officer, Versalis Conference Call Participants Martijn Rats - Morgan Stanley Oswald Clint - Sanford C. Bernstein & Co. Alessandro Pozzi - Mediobanca Biraj Borkhataria - Royal Bank of Canada Irene Himona - Societe Generale Giacomo Romeo - Jefferies Henri Patricot - UBS Roberto Ranieri - Stifel Massimo Bonisoli - Equita Amy Wong - Credit Suisse Kim Fustier - HSBC Bertrand Hodee - Kepler Cheuvreux Operator Good afternoon, ladies and gentlemen, and welcome to the Eni's 2023 First Quarter Results Conference Call hosted by Mr.
- 04/28/2023
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Thoughts on Europe's Big Oil
- The world is on track to surpass the 1.5-degree target set out by the Paris Agreement within the next decade, indicating the need for a significant acceleration in low-carbon solutions. To ensure emission reduction by 2030 and reach net zero by 2050, companies and countries alike are setting and aiming to achieve ambitious targets.
- 04/21/2023
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Eni (E) Presents Walk the Talk Energy Installation in Milan
- 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.
- 04/19/2023
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Kazakhstan Files $16.5B Oilfield Arbitration Claim
- Kazakhstan launches a $16.5 billion arbitration case against a consortium developing its Kashagan and Karachaganak oilfields, alleging unauthorized spending and disputing profit-sharing deductions.
- 04/14/2023
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Eni: 3 Reasons Why This Stock Is A Strong Buy
- OPEC decision to cut production will boost Eni's profits. Eni's management policy seems to be very effective.
- 04/09/2023
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ETFs to Play on Surprise Output Cut Decision By OPEC+
- The surprise decision of OPEC+ to cut its production supply caused oil prices to rise. Check how energy ETFs are affected
- 04/05/2023
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Eni: Oil Major Opportunity Trading At 12% Shareholders Yield, 2x Cash Flow
- Eni delivered stellar results in 2022 and generated more than €20.4 billion cash from operations, a 111% year-on-year increase. With a bullish medium-term outlook for oil prices, Eni set in its strategic plan to deliver another €69 billion CFFO over the next four years, 150% the current market cap.
- 03/30/2023
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Energy Company Eni Launches ESG-Focused Supply Chain Finance Program
- Energy company Eni has launched a supply chain finance program designed to incentivize sustainable development.
- 03/27/2023
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Eni (E) Signs Deal to Develop Offshore Wind Projects in Italy
- Combined, Eni (E) and CIP's three offshore projects will produce about 5 TWh/year.
- 03/23/2023
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Discoveries by Equinor and Eni Lead Oil & Gas Stock Roundup
- Apart from Equinor (EQNR) and Eni (E), ConocoPhillips (COP), Pembina Pipeline (PBA) and Petrobras (PBR) hogged attention during the week.
- 03/22/2023
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Eni (E) Makes Oil Discovery at Yatzil-1 Well Offshore Mexico
- According to preliminary estimates, Eni's (E) latest discovery can hold 200 million barrels of oil.
- 03/20/2023
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Here's Why Hold Strategy is Apt for Eni (E) Stock Right Now
- Benefitting from the rising commodity prices, the company announces a share buyback plan of 2.2 billion euros for 2023.
- 03/16/2023
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Eni (E) Signs Deal to Develop Fusion Energy Plant With CFS
- 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.
- 03/10/2023
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Eni (E) Signs Deal to Supply HVOlution to the Spinelli Group
- The agreement is part of Eni's (E) plan to develop sustainable transport services via its new company, Eni Sustainable Mobility.
- 03/09/2023
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I Am Long Eni: Dividend Raise And Key Role For Europe
- Eni is an oil major that is set to play a strategic role for Europe in trying to diversify its gas supply chain. Eni is set to achieve strong results even in case of a more normalized scenario.
- 02/25/2023
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Eni SpA (E) Upgraded to Buy: Here's What You Should Know
- Eni SpA (E) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 02/21/2023
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Eni SpA (E) Stock Jumps 3% After It Joins Forces With Nexi
- Nexi to develop electronic and digital payment solutions for Eni (E) and its firms in Italy and Europe.
- 02/09/2023
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What Makes Eni SpA (E) a Strong Momentum Stock: Buy Now?
- Does Eni SpA (E) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/25/2023
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Eni (E) Signs Energy Security Agreements With Sonatrach
- As part of the deal, Eni (E) and Sonatrach will perform research to determine possible measures to improve Algeria's energy export capacity to Europe.
- 01/24/2023
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Should Value Investors Buy Eni (E) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/23/2023
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5 Integrated Oil Stocks From the Promising Industry
- High oil price and mild recession expectations are making the outlook for the Zacks Oil & Gas Integrated International industry bright. ExxonMobil (XOM), Chevron (CVX), Shell (SHEL), BP and Eni (E) are well-positioned to make the most of the highly favorable business environment.
- 01/20/2023
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Eni Is At Full Potential
- There is a potential for a new contract in Guyana for Saipem. The Fangtooth oil discovery is large enough to require a new platform. Saipem offshore E&C division is at record levels in 2023.
- 01/19/2023
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Eni (E) Makes Gas Discovery at Nargis-1 Well Offshore Egypt
- The discovery is intended to be developed by utilizing Eni's (E) existing facilities.
- 01/17/2023
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Italy's Eni, Esso offices raided in antitrust probe over fuel price breaches
- Italy's antitrust authority said on Monday the offices of several oil companies, including Italy's Eni and Exxon Mobil Corp's ESSO Italiana unit, have been searched over alleged fuel price violations.
- 01/16/2023
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Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell plc (SHEL) and Eni SpA (E).
- 01/13/2023
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Eni (E) and Snam Finalize Deal for Algeria-Italy Gas Pipelines
- Per the deal, Snam will pay 405 million euros to Eni (E) for the acquisition.
- 01/12/2023
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Best Value Stocks to Buy for January 9th
- OPRT, E and STLA made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 9, 2023.
- 01/09/2023
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Oil Investors, You Should Look At Eni
- In Egypt, there are new tender offers for exploration licenses. Eni will not have to compensate Nigeria for the Opl 245 case. No more liability claims.
- 12/29/2022
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Eni (E) Makes Gas Discovery at Lupa Well in Barents Sea
- The discovery is the largest on the Norwegian Continental Shelf this year and bolsters Eni's (E) expansion strategies in the area.
- 12/27/2022
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Eni (E) to Put a Second FLNG Unit in Congo to Boost Production
- Eni (E) signs an agreement with Wison Heavy Industry to construct and install an FLNG unit with a capacity of 2.4 MTPA.
- 12/23/2022
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Eni (E) Commences Production at Tunisia Solar Power Facility
- Eni's (E) solar photovoltaic facility is expected to supply more than 20 GWh of power to Tunisia's national electricity grid per year.
- 12/14/2022
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20 big oil companies expected to be cash gushers in 2023 despite short-term uncertainty
- The energy sector of the S&P 500 has been the year's best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries.
- 11/30/2022
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Eni's (E) Q3 Earnings Surpass Estimates, Shares Increase 12%
- The higher average realized price of liquids and natural gas aids Eni's (E) earnings in Q3.
- 11/23/2022
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Eni: Will Likely Shine Amidst An Oil And Gas Armageddon Narrative
- Eni has underperformed the broad market over the last five years. However, in the last year, the company has turned market beater. Broad industry trends are key to the sustainability of the company's returns.
- 11/08/2022
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Eni S.p.A. (E) Q3 2022 Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q3 2022 Earnings Conference Call October 28, 2022 8:00 AM ET Company Participants Francesco Gattei - CFO Giuseppe Ricci - COO, Energy Evolution Division Guido Brusco - COO, Natural Resources Aldo Napolitano - EVP Exploration Projects Management Cristian Signoretto - Deputy COO, Natural Resources Conference Call Participants Irene Himona - Societe Generale Massimo Bonisoli - Equita Biraj Borkhataria - RBC Capital Markets Henri Patricot - UBS Oswald Clint - Sanford C. Bernstein & Co. Martijn Rats - Morgan Stanley Bertrand Hodee - Kepler Cheuvreux Alessandro Pozzi - Mediobanca Operator Good afternoon, ladies and gentlemen, and welcome to Eni's 2022 Third Quarter Results Conference Call.
- 10/28/2022
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Are Investors Undervaluing Eni (E) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/25/2022
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Eni: Q3 Expectations
- Plenitude (Eni's renewable arm) is accelerating inorganic growth and is looking at the PLT Energia dossier. Eni also announced the acquisition of BP's gas activities in Algeria.
- 10/24/2022
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Eni to receive part of gas supply from Gazprom after Austria's flows resumed
- Italy's Eni will receive only part of the gas it has requested from Russian supplier Gazprom for Wednesday after hindrances to gas dispatching through Austria have been overcome, the company said on GME platform late on Tuesday.
- 10/05/2022
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3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell plc (SHEL) and Eni SpA (E).
- 10/04/2022
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Italy's Eni says Russia will not supply gas requested for Oct. 1
- Italy's Eni said on Saturday it not would receive any of the gas it had requested from Russian supplier Gazprom for Oct. 1.
- 10/01/2022
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3 Reasons Why Growth Investors Shouldn't Overlook Eni SpA (E)
- Eni SpA (E) possesses solid growth attributes, which could help it handily outperform the market.
- 09/27/2022
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Factbox: Companies potentially affected by Italy's election
- A right-wing alliance led by Giorgia Meloni's Brothers of Italy party looks set to win a clear majority in the next parliament, exit polls said on Sunday after voting ended in an Italian national election.
- 09/25/2022
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Eni (E) to Develop Renewable Energy Projects in Italy And Spain
- The partnership will introduce a key development platform to Eni's (E) portfolio to boost its energy generation capabilities from renewable sources.
- 09/23/2022
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Eni (E) Submits Application for CCS License in Hewett Gas Field
- Eni (E) aims to develop a CCS project, which will deviate a large volume of CO2, which would otherwise be released into the atmosphere.
- 09/22/2022
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Is Eni (E) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/21/2022
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Here's Why Eni SpA (E) is a Strong Value Stock
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 09/15/2022
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The Good And Bad: Eni SpA And Eaton Corporation
- See two of the featured stocks from this month's model portfolios.
- 09/15/2022
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Alphabet (GOOGL) to Offer Enhanced Security Via Nest Cam Kits
- Alphabet's (GOOGL) Google forms a partnership with The National ASE and the Asian American Federation to provide Nest Cam Kits to AAPI businesses.
- 09/14/2022
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E vs. FUPBY: Which Stock Should Value Investors Buy Now?
- E vs. FUPBY: Which Stock Is the Better Value Option?
- 09/13/2022
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I Locked In Some Profits From My Oil Stocks, But I Kept Eni
- In this article, I want to cover the only oil stock I kept in my portfolio while I locked in some gains from my other holdings. Eni is implementing a new dividend policy with a variable quarterly dividend instead of a semi-annual one.
- 09/09/2022
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Is Eni SpA (E) a Solid Growth Stock? 3 Reasons to Think "Yes"
- Eni SpA (E) possesses solid growth attributes, which could help it handily outperform the market.
- 09/02/2022
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Is Eni (E) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/02/2022
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Eni: Political Risks Priced In
- Russia continues to cut gas supplies to Europe. The spot gas price is just over €280 per MWh. Higher extra tax for Eni now accounts for almost €1.5 billion.
- 09/02/2022
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Here's Why Eni (E) Appears to be an Attractive Investment Bet
- The positive trajectory in oil price is a boon for Eni's (E) upstream operations.
- 08/25/2022
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Eni, TotalEnergies Find Gas in Cronos-1 Well Offshore Cyprus
- Eni (E) operates Block 6 with a 50% stake, while partner TotalEnergies (TTE) owns the rest.
- 08/24/2022
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Eni (E) Beats Q2 Earnings Estimates, Hikes Share Buyback
- The higher realizations of average liquid and gas prices aid Eni's (E) earnings in Q2.
- 08/18/2022
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E or FUPBY: Which Is the Better Value Stock Right Now?
- E vs. FUPBY: Which Stock Is the Better Value Option?
- 08/18/2022
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Should Value Investors Buy Eni (E) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/17/2022
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Eni SpA (E) is an Incredible Growth Stock: 3 Reasons Why
- Eni SpA (E) possesses solid growth attributes, which could help it handily outperform the market.
- 08/15/2022
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Eni S.p.A. (E) CEO Claudio Descalzi on Q2 2022 Results - Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q2 2022 Results Earnings Conference Call July 29, 2022 8:00 AM ET Company Participants Claudio Descalzi - Chief Executive Officer Francesco Gattei - Chief Financial Officer Giuseppe Ricci - Chief Operating Officer of Energy Evolution Cristian Signoretto - Deputy of Chief Operating Officer, Natural Resources Stefano Goberti - Chief Executive Officer, Eni gas e luce Guido Brusco - Chief Operating Officer, Natural Resources Conference Call Participants Irene Himona - Société Générale Oswald Clint - Bernstein Mehdi Ennebati - Bank of America Alessandro Pozzi - Mediobanca Martijn Rats - Morgan Stanley Henri Patricot - UBS Massimo Bonisoli - Equita Bertrand Hodee - Kepler Cheuvreux Giacomo Romeo - Jefferies Operator Good afternoon, ladies and gentlemen, and welcome to Eni's 2022 First Half Results Conference Call hosted by Mr. Claudio Descalzi, Chief Executive Officer.
- 07/31/2022
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E vs. FUPBY: Which Stock Is the Better Value Option?
- E vs. FUPBY: Which Stock Is the Better Value Option?
- 07/29/2022
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Eni SpA (E) Flat As Market Gains: What You Should Know
- Eni SpA (E) closed the most recent trading day at $22.60, making no change from the previous trading session.
- 07/21/2022
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Best Income Stocks to Buy for July 20th
- BFIN, GIL, and E made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 20, 2022.
- 07/20/2022
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New Strong Buy Stocks for July 19th
- E, MATX, CMRE, PBR, and ARCB have been added to the Zacks Rank #1 (Strong Buy) List on July 19, 2022.
- 07/19/2022
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5 Energy Stocks From the Promising Integrated Oil Industry
- High oil price and mild recession expectations are making the outlook for the Zacks Oil & Gas Integrated International industry bright. ExxonMobil (XOM), Chevron (CVX), Shell (SHEL), BP and Eni (E) are well-positioned to make the most of the highly favorable business environment.
- 07/14/2022
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Here is Why Growth Investors Should Buy Eni SpA (E) Now
- Eni SpA (E) could produce exceptional returns because of its solid growth attributes.
- 07/12/2022
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Eni SpA (E) Loses 17.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
- The heavy selling pressure might have exhausted for Eni SpA (E) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 07/12/2022
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Is Eni (E) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/12/2022
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Why Eni SpA (E) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 07/04/2022
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Eni (E) Announced Plans to Postpone Milan Listing of Plenitude
- Eni (E) will continue to assess market conditions and implement its strategy to provide customers with decarbonized energy.
- 06/24/2022
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Deals by Cenovus and BP Dominate Oil & Gas Stock Roundup
- Apart from Cenovus Energy (CVE) and BP plc (BP), Eni (E), Cheniere Energy (LNG) and Matador Resources (MTDR) hog the limelight during the week.
- 06/22/2022
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Eni (E) Joins Qatar Gas Project to Increase LNG Exports
- The agreement aligns well with Eni's (E) ambition to diversify into cleaner and more reliable energy sources.
- 06/20/2022
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Rating 9 Oil Stocks With the Highest Dividends
- With the hydrocarbon industry suddenly becoming relevant, here are the oil stocks to consider based on their dividends. The post Rating 9 Oil Stocks With the Highest Dividends appeared first on InvestorPlace.
- 06/20/2022
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Venezuelan oil cargo for Eni departing, supertanker to load next -document, sources
- A 650,000-barrel-cargo of Venezuela's heavy crude chartered by Italy's oil company Eni is about to set sail carrying the first export of crude to Europe from the U.S.-sanctioned country in two years, following an authorization granted by Washington in May, Refinitiv Eikon data showed on Friday.
- 06/17/2022
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Eni (E) Negotiates With Egypt to Increase LNG Supplies to Italy
- Eni (E) is working on all possible ways to obtain an additional quantity of gas or LNG, which could contribute to Italy and Europe's energy security.
- 06/16/2022
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Eni (E) to Proceed With Planned Milan Listing of Plenitude
- Eni (E) will conduct the IPO on Euronext Milan stock exchange, which will help Plenitude diversify its ownership structure, consolidate its position and develop rapidly.
- 06/13/2022
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Eni: Positive News Ahead
- Eni is in a consortium for the largest gas plant in the world. A deal worth $30 billion. Plenitude IPO to be completed by the end of June.
- 06/13/2022
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Eni SpA (E) is a Top-Ranked Value Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 06/09/2022
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Eni to join Exxon, Total, Shell, Conoco in Qatar's mega-LNG expansion - sources
- Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world's largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday.
- 06/08/2022
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Eni, Repsol to Start Importing Venezuela Crude Oil to Europe
- Under the new settlement, Eni (E) and Repsol (REPYY) will be able to extract Venezuela crude as repayments for past investments and export abroad.
- 06/07/2022
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Exclusive: U.S. to let Eni, Repsol ship Venezuela oil to Europe for debt - sources
- Italian oil company Eni SpA and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela.
- 06/05/2022
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Eni to open accounts for Russian gas after EU clarification - sources
- Italian energy group Eni will open accounts this week to pay for Russian gas after clarification such a move will not breach sanctions, two sources said on Monday.
- 05/16/2022
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Eni (E) Stock Declines 2.1% Despite Posting Q1 Earnings Beat
- Higher realizations of average liquids and natural gas prices aid Eni's (E) earnings in Q1.
- 05/10/2022
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Eni: 10% Yield With Even Higher Shareholder Returns On The Horizon
- Only roughly one year after reducing their dividends during the now infamously severe downturn of 2020, Eni had already had them completely reinstated. Whilst the prospects for further growth were minimal, fast forward to now and their new revised shareholder returns policy accounts for these very strong oil prices.
- 05/02/2022
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Eni S.p.A. (E) Management on Q1 2022 Results - Earnings Call Transcript
- Eni S.p.A. (NYSE:E ) Q1 2022 Earnings Conference Call April 29, 2022 8:00 AM ET Company Participants Francesco Gattei - CFO Guido Brusco - Chief Operating Officer Natural Resources Cristian Signoretto - Deputy of COO of Natural Resources Giuseppe Ricci - COO of Energy Evolution Division Cristian Signoretto - Deputy of COO of Natural Resources Luca-Bertelli - Chief Exploration Officer Stefano Goberti - Chief Executive Officer Conference Call Participants Michele Della Vigna - Goldman Sachs Irene Himona - Societe Generale Massimo Bonisoli - Equita Biraj Borkhataria - RBC Oswald Clint - Bernstein Henri Patricot - UBS Alessandro Pozzi - Mediobanca Bertrand Hodee - Kepler Cheuvreux Alastair Syme - Citi Operator Good afternoon, ladies and gentlemen, and welcome to Eni's 2022 First Quarter Results Conference Call hosted by Mr. Francesco Gattei, Chief Financial Officer.
- 04/29/2022
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E or XOM: Which Is the Better Value Stock Right Now?
- E vs. XOM: Which Stock Is the Better Value Option?
- 04/28/2022
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Eni SpA (E) is an Incredible Growth Stock: 3 Reasons Why
- Eni SpA (E) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 04/27/2022
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Is Eni (E) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/25/2022
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What Makes Eni SpA (E) a Strong Momentum Stock: Buy Now?
- Does Eni SpA (E) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/14/2022
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Eni (E) Discovers Oil & Gas in Egypt's Meleiha Concession
- With the discoveries, Eni (E) adds 8,500 barrels of oil equivalent per day to its overall production.
- 04/14/2022
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E vs. BAK: Which Stock Should Value Investors Buy Now?
- E vs. BAK: Which Stock Is the Better Value Option?
- 04/12/2022
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3 Reasons Growth Investors Will Love Eni SpA (E)
- Eni SpA (E) could produce exceptional returns because of its solid growth attributes.
- 04/08/2022
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Best Momentum Stocks to Buy for April 8th
- E, GRIN, and AR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 8, 2022.
- 04/08/2022
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Best Growth Stocks to Buy for April 8th
- COP, DOW, and E made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 8, 2022.
- 04/08/2022
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Best Value Stocks to Buy for April 8th
- SBSW, E, and GIII made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 8, 2022.
- 04/08/2022
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Best Income Stocks to Buy for April 8th
- GRIN, E, and ALIZY made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 8, 2022.
- 04/08/2022
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Eni (E) Raises Resource Estimates at Angola's Ndungu Field
- Eni (E) performs an intensive data collection to evaluate the maximum potential of the Ndungu-2 appraisal well.
- 04/01/2022
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It's a 'big mistake' to be 'radical' and focus only on renewables as an energy source, says Eni CEO
- Claudio Descalzi of Eni discusses the energy crisis and says it's "crazy to think there is something to replace everything."
- 03/28/2022
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Eni (E) Makes Major Onshore Oil & Gas Discovery in Algeria
- The latest discovery will back Eni's (E) near-field and infrastructure-led exploration strategy, enabling a rapid valuation of the new resources.
- 03/23/2022
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Eni (E) Decides to Divest 49% Stake in Power Generation Unit
- The latest divestment decision primarily reflects Eni's (E) strong focus on allocating capital toward cleaner energy.
- 03/16/2022
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4 Energy Stocks From the Promising Integrated Oil Industry
- With economies reopening and people socializing & going to work, the outlook for the Zacks Oil & Gas Integrated International industry is brightening up. ExxonMobil (XOM), Chevron (CVX), BP (BP) and Eni (E) are well positioned to make the most of the highly favorable business environment.
- 03/11/2022
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Soaring oil prices to have the biggest impact on energy majors as they exit Russia, analyst says
- Sophie Lund-Yates, senior equity analyst at Hargreaves Lansdown, says the biggest fallout energy majors face from Russia's invasion of Ukraine is the spike in oil prices. She adds that their ongoing ESG plans are unlikely to be derailed by the current conflict.
- 03/02/2022
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Higher Oil Prices Favor Eni as More Benefits Are Ahead
- Oil prices are surging as the Russia-Ukraine conflict intensifies. As of this writing, Brent oil futures for May are hovering around $96 a barrel, up 3.2% from Monday, while West Texas Intermediate futures for April are up 5% to $95 a barrel.
- 02/22/2022
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Eni (E) Q4 Earnings Beat Estimates on High Liquid & Gas Prices
- Higher realizations of average liquids and natural gas prices aid Eni's (E) earnings in Q4.
- 02/22/2022
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Eni: Mixed News Lead To A Neutral Rating
- Plentitude spin-off not priced in.
- 02/11/2022
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The Best Value Stocks Right Now
- Inflation is at historical highs. The Fed is under pressure to raise rates.
- 02/11/2022
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Eni (E) Makes Natural Gas Discovery in Offshore Abu Dhabi
- Eni's (E) latest discovery was the first from Abu Dhabi's offshore exploration concessions.
- 02/04/2022
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Eni (E) to Decarbonize Aviation Industry Using HVO Biofuel
- Eni (E) delivers 5,000 liters of pure HVO biofuel at the Fiumicino airport from its Venice biorefinery in Porto Marghera.
- 01/28/2022
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Stocks Stage Comeback Ahead of Fed Decision: What To Do Now
- Stocks Stage Comeback Ahead of Fed Decision: What To Do Now
- 01/26/2022
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Eni (E) to List Vaar Energi Shares as Part of Clean Energy Plan
- Eni (E) and HitecVision intend to remain committed owners of Vaar Energi.
- 01/26/2022
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Eni (E) to Divest Stake in Power Unit After Raising Interest
- U.S. investment firm Sixth Street Partners is in advanced negotiations with Eni (E) to acquire a minority stake in EniPower.
- 01/17/2022
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Eni (E) Acquires Solar Konzept Greece Amid Clean Energy Plan
- With the acquisition, Eni (E) extends its renewable energy footprint to Greece as it aims to reach carbon neutrality by 2050.
- 01/14/2022
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Eni (E) Grabs Five Natural Gas Exploration Licenses in Egypt
- The bid results fit Eni's (E) strategy to explore and produce natural gas to serve the domestic market and contribute to LNG export.
- 01/12/2022
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News From Eni & Shell Dominate Oil & Gas Stock Roundup
- Apart from Eni (E) and Royal Dutch Shell (RDS.A), developments at BP plc (BP), Helmerich & Payne (HP) and Delek US Holdings (DK) during the week remained in focus.
- 12/31/2021
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Eni (E) Signs Agreement With Enel for EV Charging in Italy
- The latest agreement is part of Eni's (E) strategy for sustainable mobility in the future.
- 12/23/2021
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Eni (E) to Develop Innovative Technology for Biogas Production
- Eni (E) and BTS Biogas will support the development of advanced biomethane production with reduced greenhouse gas emissions and no agronomic impact.
- 12/20/2021
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Eni (E) Signs Deal With CIP to Develop Offshore Wind in Poland
- Eni (E) and CIP extend their existing offshore wind partnership to the Polish seas.
- 12/16/2021
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Eni (E) Signs Deal With Sonatrach in Algeria's Berkine Basin
- Eni (E) and Sonatrach also signed a MoU that aims to enhance the existing technological collaboration and continue their efforts to reduce emissions.
- 12/15/2021
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Italy prosecutors to drop obstruction of justice case for Eni, CEO - sources
- Italian prosecutors are set to ask for a case against Eni and its head over alleged obstruction of justice in corruption cases in Nigeria and Algeria to be dropped after wrapping up a probe, according to a document and sources.
- 12/10/2021
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Eni (E) Reaches FID for Angola's Caraculo Photovoltaic Project
- Eni (E) expects the facility's construction, which involves the installation of 50 megawatts-peak of solar photovoltaic panels near Caraculo, to begin in the fourth quarter of 2022.
- 12/10/2021
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Elliott: SSE Has 30% Upside
- Maybe I have a cognitive bias, but I very often agree with activist demands. Upon reviewing the letter Elliott Investment Management sent to SSE PLC's ( LSE:SSE , Financial) chairman, Sir John Manzoni, this morning, I must admit I agree with everything the activist is saying.
- 12/07/2021
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Eni (E) Decides to Divest Stakes in Algerian Gas Pipelines
- Eni added that the new resources that the transaction will make available are likely to aid it in the energy transition path.
- 11/30/2021
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Best Income Stocks to Buy for November 29th
- BP, CC, E, and HAFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 29, 2021.
- 11/29/2021
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Eni agrees to sell Snam 49.9% stake in Algeria gas pipelines for 385 million euros
- Italian energy group Eni has agreed to sell gas group Snam 49.9% of its stake in strategic pipelines carrying Algerian gas into Italy for 385 million euros ($436 million), the two companies said on Saturday.
- 11/27/2021
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Bet On These 3 Oil Stocks With Lucrative Dividend Yield
- It is high time to allocate money those high dividend yield paying oil stocks investing in renewables while maintaining a strong upstream presence. BP, E and TTE are well poised to gain.
- 11/26/2021
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Here's Why Eni (E) is an Attractive Investment Bet Right Now
- The positive trajectory in oil price is a boon for Eni's (E) upstream operations.
- 11/26/2021
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Eni (E) Introduces Plenitude, To Lead Energy Transition
- The planned IPO reflects Eni's (E) strong belief that Plenitude will get more capital and will be able to grow at a faster pace on its own.
- 11/23/2021
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E vs. CVX: Which Stock Is the Better Value Option?
- E vs. CVX: Which Stock Is the Better Value Option?
- 11/17/2021
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5 Value Stocks You Don't Want to Miss
- Avoid the value trap with stocks such as these.
- 11/16/2021
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Best Income Stocks to Buy for November 12th
- E, MC, and R made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 12, 2021.
- 11/12/2021
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SSE sells stake in offshore wind farm Dogger Bank to Italy's Eni
- SSE PLC (LSE:SSE) announced it will sell a 10% stake in Dogger Bank C to Eni for an equity consideration of £70mln. The FTSE 100 group said the project, which it owns in a 50/50 joint venture with Norway's Equinor, will be the world's largest offshore wind farm when completed.
- 11/02/2021
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Eni S.p.A. (E) Management on Q3 2021 Results - Earnings Call Transcript
- Eni S.p.A. (E) Management on Q3 2021 Results - Earnings Call Transcript
- 11/01/2021
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Eni (E) Q3 Earnings Beat Estimates on Refinery Throughputs
- Higher realizations of average liquids and natural gas prices aid Eni's (E) Q3 earnings.
- 11/01/2021
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E or CVX: Which Is the Better Value Stock Right Now?
- E vs. CVX: Which Stock Is the Better Value Option?
- 10/15/2021
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These 3 Integrated Majors Are Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Royal Dutch Shell plc (RDS.A) and Eni SpA (E).
- 10/15/2021
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Top Ranked Momentum Stocks to Buy for October 13th
- ALKS, BP, and E made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 13, 2021.
- 10/13/2021
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Top Ranked Income Stocks to Buy for October 13th
- BBY, E, and M made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 13, 2021.
- 10/13/2021
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Eni (E) to Divest Minority Stake in Newly Merged R&R Business
- The transaction will allow Eni (E) to raise 2-3 billion euros in the IPO and double its R&R EBITDA to 1.2 billion euros in 2025.
- 10/08/2021
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Eni (E) Begins Production From Cabaca North Offshore Angola
- Eni (E) is using the Armada Olombendo FPSO vessel for producing hydrocarbons from the Cabaca North development project.
- 09/28/2021
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Why Eni (E) is Such a Great Value Stock Pick Right Now
- Eni (E) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 09/28/2021
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Europe needs long-term energy plan, Eni CEO says
- Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy's Eni has told La Repubblica newspaper.
- 09/25/2021
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Top Ranked Income Stocks to Buy for September 24th
- E, BGSF, FNF, and WTBA made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 24, 2021.
- 09/24/2021
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Bet on These 4 Top-Ranked Stocks With Upgraded Broker Ratings
- It is always recommended to follow broker rating upgrades for finding profitable stocks. Hence, we pick Steven Madden (SHOO), Methanex (MEOH), Teradata (TDC), and Eni SpA (E) as these have recorded ratings upgrades.
- 09/23/2021
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Eni (E) to Divest Power Division to Fund Low-Carbon Transition
- Eni (E) is planning to divest 40% of Enipower's stake and expects non-binding bids for the transaction to start in two to three weeks.
- 09/21/2021
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Eni (E) Signs Agreement to Decarbonize the Aviation Industry
- Eni (E) and ADR will work on decarbonization and digitalization projects for ADR-managed airports.
- 09/17/2021
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Eni (E) Affiliate Wins Drilling Permit for Barents Sea Wildcat
- Eni's (E) subsidiary, VarEnergi, is likely to use the Scarabeo 8 drilling rig to drill the wildcat well in the Barents Sea.
- 09/13/2021
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Eni: 8% Yield Already Completely Reinstated, But No Reasons To Expect More Growth
- Eni: 8% Yield Already Completely Reinstated, But No Reasons To Expect More Growth
- 09/13/2021
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Eni SpA: The First to Successfully Test Magnetic Confinement Fusion
- The fight against climate change requires a drastic reduction of emissions of CO2 and other greenhouse gases. This means using less fossil fuels to produce electricity; fossil fuels must gradually be replaced with cleaner sources of energy.
- 09/09/2021
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Eni's Oil Find & Shell's Timi FID Dominate Oil & Gas Stock Roundup
- Apart from Eni (E) and Royal Dutch Shell (RDS.A) there was news from Chevron (CVX), TechnipFMC (FTI) and Petrobras (PBR) during the week.
- 09/09/2021
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Eni (E) Signs Deal With XEC for Battery Replacement Services
- Eni (E) and XEV will enforce an innovative battery-swapping service, Battery Xchange, which replaces discharged batteries with charged batteries.
- 09/07/2021
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Eni (E) Announces Massive Offshore Oil Discovery in Ivory Coast
- Eni (E) reveals that the discovered well was drilled with the employment of the Saipem 10,000 drill ship at a water depth of 1,200 meters.
- 09/02/2021
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E or CVX: Which Is the Better Value Stock Right Now?
- E vs. CVX: Which Stock Is the Better Value Option?
- 08/11/2021
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Eni (E) Gains 2% as Q2 Earnings Beat Estimates, Finds New Oil
- Higher realizations of commodity prices primarily aid Eni's (E) Q2 earnings.
- 08/04/2021
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Eni SpA (E) CEO Claudio Descalzi on Q2 2021 Results - Earnings Call Transcript
- Eni SpA (E) CEO Claudio Descalzi on Q2 2021 Results - Earnings Call Transcript
- 07/30/2021
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Eni (E) to Acquire 1.2GW Renewable Energy Projects in Spain
- Eni (E) signs an agreement to acquire nine renewable energy projects in Spain, with a combined capacity of 1.2 GW. It also acquires Dhamma to expand its presence in France and Spain.
- 07/29/2021
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Eni (E) Enters Into an Accord to Acquire Italian Wind Projects
- Eni (E) estimates total production capacity of the portfolio of wind farms at 315 MW.
- 07/09/2021
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Stay Bullish on Energy Names, but Steer Toward Europe, Says JPMorgan
- Oil companies are in the spotlight as OPEC+ bickers. Look no further than Europe, says JPMorgan.
- 07/06/2021
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Eni: Achieving ESG With A Double E
- Exploration efforts place Eni well for their transition into a more environmentally conscious company. The outlook for oil is durable, and discounts on players like Eni seem unfounded given their horizon to change.
- 06/30/2021
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Eni's (E) Versalis & Saipem to Produce Advanced Biofuel
- The latest deal signed by Eni's (E) chemical company Versalis can play a huge role in the overall decarbonization program of the former.
- 06/24/2021
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PTR vs. E: Which Stock Should Value Investors Buy Now?
- PTR vs. E: Which Stock Is the Better Value Option?
- 06/23/2021
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Eni (E) Affiliate Makes Significant Oil Discovery in North Sea
- Eni (E) estimates 60-135 million barrels of recoverable oil equivalent from the discovery in offshore Norway.
- 06/21/2021
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Eni (E) and Partners Set to Merge Two Concessions in Egypt
- Eni (E) is likely to use high-resolution 3D seismic data for the development of the prolific Egyptian Western Desert basin.
- 06/17/2021
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Exclusive-Energy majors bid for Qatar LNG project despite lower returns
- Six top western energy firms are vying to partner in the vast expansion of Qatar's liquefied natural gas output, industry sources said, helping the Gulf state cement its position as the leading LNG producer while several large projects around the world recently stalled.
- 06/13/2021
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Eni's (E) Successful Maha 2 Well to Boost Indonesian Output
- Eni (E) is likely to tie-in the deep-water Maha project with the existing Jangkrik FPU.
- 06/08/2021
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Eni Looks Into Buying Oil & Gas Assets of BP in Algeria
- Eni (E) is in talks with BP to buy the latter's Algeria assets to refocus its businesses in reducing debt burdens, while addressing declining margins and climate pressures.
- 06/02/2021
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Eni: The Best Payout In Oil And Gas
- Buybacks and dividends give Eni a fantastic yield profile. Moreover, Eni is better positioned than most other oil majors for the renewable transition, with extensive relationships in the far-ahead Italian renewable energy cluster.
- 05/31/2021
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Exclusive-Eni, BP in talks over oil and gas assets in Algeria
- BP and Eni are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate pressures, three sources said. Europe's top energy companies are cutting back their oil and gas portfolios to keep only the assets most likely to be profitable and redeploy capital for a transition to clean energy as uncertainty mounts over future demand for fossil fue
- 05/31/2021
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PTR or E: Which Is the Better Value Stock Right Now?
- PTR vs. E: Which Stock Is the Better Value Option?
- 05/04/2021
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Eni S.p.A. (E) CEO Claudio Descalzi on Q1 2021 Results - Earnings Call Transcript
- Eni S.p.A. (E) CEO Claudio Descalzi on Q1 2021 Results - Earnings Call Transcript
- 04/30/2021
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What Deutsche Bank Found to Love in European Oil Giants
- It's not easy these days to find analysts who are upbeat about oil companies' prospects over a period longer than a few months or a year.
- 04/21/2021
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REPYY or E: Which Is the Better Value Stock Right Now?
- REPYY vs. E: Which Stock Is the Better Value Option?
- 04/13/2021
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Eni (E) Boosts Presence in Vietnam With New Acquisition
- Eni's (E) latest acquisition offshore Vietnam is in line with its strategy of ramping up the natural gas portfolio in Asian Far East.
- 04/13/2021
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Jefferies lifts oil-price view and upgrades Eni and Exxon Mobil
- Analysts at Jefferies increased their oil price view as well as their ratings on Eni and Exxon Mobil. They lifted their long-term Brent oil forecast to $58 from $55, citing recovering demand as the vaccination rollout continues and a lower supply risk from the high levels of OPEC+ spare capacity.
- 04/12/2021
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Eni (E) Plans Investment of $7B in Angola, Expects Huge Growth
- Eni (E) believes investments in Angola are extremely profitable and will provide ample growth opportunities.
- 04/08/2021
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Moody's on the outlook for emissions-intensive companies in the energy transition
- Sven Reinke, senior vice president at Moody's, discusses the outlook for many oil & gas companies seeking to build up investment in renewable energies.
- 04/01/2021
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Eni: Biogas And Other Renewables Present An Opportunity
- Eni recently announced the acquisition of 21 plants that will be producing biogas for the technology.
- 03/30/2021
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Can Eni's (E) FRI-EL Biogas Acquisition be a Game Changer?
- Eni's (E) acquisition of FRI-EL Biogas Holding can make it a major biomethane producer in Italy.
- 03/23/2021
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Eni: Grab A 10% Shareholder Yield If This Oil Price Rally Continues
- So far 2021 has started off far better than 2020, and if this oil price rally holds, then Eni could once again offer their shareholders a 10% shareholder yield.
- 03/22/2021
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Eni (E) Acquires Funding of 33M Pound for Decarbonization Project
- Eni (E) receives a funding of 33 million Pound from the U.K. government for the HyNet North West project to lower carbon emissions from the industry, domestic heat and transport of north-west England.
- 03/18/2021
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Eni's (E) Affiliate Gets Approval for Subsea Life Extension
- VarEnergi, wherein Eni (E) holds a 69.85% stake, receives consent from the Norwegian offshore safety authority to extend Marulk field subsea facilities' service life.
- 03/16/2021
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REPYY vs. E: Which Stock Should Value Investors Buy Now?
- REPYY vs. E: Which Stock Is the Better Value Option?
- 03/15/2021
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Eni (E) Creates New JV GreenIT to Focus on Renewables in Italy
- Eni's (E) GreenIT joint venture will invest EUR 800 million over five years in renewables.
- 03/12/2021
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Eni (E) Eyeing Retail Renewable Energy Business Spin-Off
- Eni (E) intends to become carbon neutral by 2050, abiding by the Paris Agreement.
- 03/09/2021
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3 Top-Rated Stocks That Flaunt Superb Earnings Acceleration
- Eni S.p.A. (E), Exxon Mobil (XOM) and LPL Financial (LPLA) are worth buying at present, thanks to stellar earnings acceleration.
- 03/05/2021
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REPYY or E: Which Is the Better Value Stock Right Now?
- REPYY vs. E: Which Stock Is the Better Value Option?
- 02/25/2021
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Eni (E) Beats on Q4 Earnings, Plans Full Decarbonization
- Higher petrochemical product sales aid Eni's (E) Q4 earnings.
- 02/24/2021
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5 Solid Stocks From the Prospering International Oil Industry
- 5 Solid Stocks From the Prospering International Oil Industry
- 02/22/2021
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Eni S.p.A. (E) CEO Claudio Descalzi on Q4 2020 Results - Earnings Call Transcript
- Eni S.p.A. (E) CEO Claudio Descalzi on Q4 2020 Results - Earnings Call Transcript
- 02/19/2021
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Italy's Eni vows to become carbon neutral by 2050 in latest green push
- Italian energy group Eni on Friday raised its ambition to cut greenhouse gas emissions, vowing to become net carbon neutral by 2050, as it seeks to keep up pace in an industry under pressure from investors to go green.
- 02/19/2021
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Factors to Pay Attention to Ahead of Eni's (E) Q4 Earnings
- Eni's (E) Exploration & Production segment is likely to have been affected by low oil prices in the fourth quarter.
- 02/17/2021
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Eni's (E) Var Energi Wins 10 Exploration Licenses in Norway
- Eni's (E) majority-owned Var Energi receives 10 exploration licenses on the Norwegian Continental Shelf, consisting of five operatorships and five partnerships.
- 01/22/2021
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5 Energy Stocks With Incredible Momentum and More Upside Left
- To tap the energy market's rally, it will be prudent to invest in momentum stocks that have more upside left. Our choices are TOTAL (TOT), Enerplus (ERF), Eni (E), Suncor Energy (SU) and Imperial Oil (IMO).
- 01/22/2021
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A Look Back At the News Stories That Shaped Energy in 2020
- The coronavirus pandemic led to plummeting energy demand and prices. Even supermajors like Royal Dutch Shell (RDS.A) and BP plc (BP) were forced to slash their prized dividend to stay afloat.
- 01/08/2021
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Why Shares of Oil Giant Eni Fell 33% in 2020
- It was a terrible, no-good year for oil stocks in 2020, and Italy's Eni couldn't avoid the pain.
- 01/04/2021
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Eni: Continual Expansion Into Renewables Proves Promising
- Eni recently entered into a partnership for the development and deployment of renewable hydrogen. Renewable hydrogen could offer a better solution for energy storage than batteries.
- 12/27/2020
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Eni (E) Enters Decarbonization Accord, Discovers New Oil
- Eni's (E) agreement with Snam and CDP calls for the companies' initiatives to decarbonize the energy system.
- 12/24/2020
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Eni (E) Plans to Divest Its Oil & Gas Assets in Pakistan
- Eni (E) looks to sell its assets in Pakistan as part of plans to refocus its portfolio amid a shift in the company's plans this year.
- 12/15/2020
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Italy's Eni to buy 20% stake in world's largest offshore wind farm
- The scale of the Dogger Bank A & B project is considerable, with a large amount of money being invested in the scheme.
- 12/07/2020
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Italy's Eni Buys Stake in World's Largest Offshore Wind Project
- The project, expected to be completed in March 2026, will be the largest offshore wind farm in the world, generating enough electricity to supply 5% of the U.K.'s demand.
- 12/04/2020
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Eni S.p.A.'s (E) on Q3 2020 Results - Earnings Call Transcript
- Eni S.p.A.'s (E) on Q3 2020 Results - Earnings Call Transcript
- 10/28/2020
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Eni (E) Gains 4% Despite Q2 Earnings Miss, Cuts Capex View
- Lower production volumes and average realized prices of liquids and natural gas hurt Eni's (E) Q2 earnings.
- 08/17/2020
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Mexico president wants plan to execute energy vision by late Sept -sources
- Mexico's president has given officials until late September to craft a plan to reassert state control over the energy industry as an alternative to constitutional change to achieve the same goals, according to three people familiar with the matter. According to the sources, Lopez Obrador read out the memorandum to some two dozen regulators and officials and gave them until Sept. 22, the date of a planned follow-up meeting, to report back on how to make its 17 points a reality. Published by Mexican media and seen by Reuters, the memorandum distilled how Lopez Obrador intends to roll back the business-friendly 2013-14 liberalization of the energy market pushed through by his predecessor, Enrique Pena Nieto.
- 08/11/2020
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The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Royal Dutch Shell, TOTAL and Eni
- The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Royal Dutch Shell, TOTAL and Eni
- 08/11/2020
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How Did the Big Oil Firms Stack Up This Earnings Season?
- The quarter's extreme volatility presented an opportunity for Shell (RDS.A) and TOTAL (TOT) to rake in massive trading profits - something missing from the books of ExxonMobil (XOM) and Chevron (CVX).
- 08/10/2020
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The Pandemic Is Causing Some Companies to Switch to Variable Dividends
- Most companies pay a fixed dividend. That could be changing as the pandemic has forced a slew of companies to cut or suspend their payouts.
- 08/06/2020
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Think Big Oil Makes Its Cash Pumping Crude? Not Anymore.
- (Bloomberg Opinion) -- Trading saved European Big Oil from the full impact of this year’s oil crisis. It’s not the first time that massive profits from in-house trading desks ameliorated poor operating results from the core business of finding and producing hydrocarbons — and it won’t be the last. But the companies may struggle to carry this safety net into the era of decarbonization.As my Bloomberg Opinion colleague Chris Hughes wrote this week, Royal Dutch Shell Plc proved it could make a profit even amid the carnage of the oil market in the April-June quarter. The slump in oil and gas production — down 7% year on year and 11% quarter on quarter — and collapse in prices was offset by aggressive cost and capital-expenditure reductions, plus a “very strong” trading result.The company’s American peers, Exxon Mobil Corp. and Chevron Corp., largely avoid pure trading, sticking instead to marketing their own production. That deprived them of the safety net enjoyed by Shell and Italy’s Eni SpA (and presumably also BP Plc, which reports earnings on Tuesday).It showed in their second-quarter results. On Friday Chevron reported its worst quarterly loss in at least three decades and warned that the global Covid-19 pandemic may continue to drag on earnings. With the recovery in oil demand running out of steam, that’s not a big surprise. Exxon followed hard on its heels with its biggest-ever loss, as the collapse in crude prices hit upstream earnings, while the slump in demand hit its refining and chemical businesses. Exxon was probably glad to not have a big trading operation, as it managed to lose money there too.As Bloomberg News’s Javier Blas explains here, Shell profited from the sharp drop in the price of crude for prompt delivery relative to that for future supplies, allowing it to lock in a profit by buying and storing oil, while selling forward in the derivatives market. With low borrowing costs and plentiful cheap storage capacity throughout its supply chain, the company enjoyed advantages over the independent trading companies.But the gap in prices has narrowed since the end of April. Now the profit that can be locked in, less than $2 a barrel, probably won’t even cover Shell’s storage and financing costs. Will the gap widen again? Almost certainly, at some point. Will it get as wide as it was at the end of March or late April? Maybe not, as that was the widest it’s been in the data going back to October 2007. The last big blow-out was during the great oil disruption in January 2009, which was triggered by the financial crisis.Of course, trading profits don’t just rely on extreme and rare events. They have made significant contributions to the incomes of European oil majors in what might be termed “more normal” times too. And that raises a longer-term question for these companies as they become less reliant on oil.Although oil trading is well established, with a vast array of derivative contracts that can be utilized to generate profits, trading in natural gas is much less mature and may never develop in the same way as oil markets. Despite the growing volume of gas transported around the world in super-chilled liquid form, most supplies are still delivered through pipelines that tie buyers and sellers into long-term relationships and multi-year contracts. Trading instruments in electricity and renewable energy sources are even less well developed.Over the past decade, the “oil” companies, whose profits were mostly derived from pumping crude out of the oil fields they discovered, transformed themselves into “oil and gas” companies. Now they are evolving once again to become “energy” companies. Shell’s latest report shows that almost half of its production was natural gas, compared with less than 40% in 2005.The swing is likely to become even more pronounced. Companies like Shell aren’t going to stop producing oil, but it will become less important as the world increasingly embraces less carbon-intensive forms of energy. As they become more focused on natural gas, electricity and, very likely, hydrogen, their ability to offset any weaknesses in their core activities through trading profits are likely to be severely curtailed.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Julian Lee is an oil strategist for Bloomberg. Previously he worked as a senior analyst at the Centre for Global Energy Studies.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.
- 08/02/2020
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Eni: Earnings Likely To Be Suppressed For Quite Some Time
- Eni saw its results negatively impacted by both the weakness in energy prices and by the OPEC+ production cuts.
- 07/31/2020
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Eni S.p.A (E) Q2 2020 Earnings Call Transcript
- In February, we communicated a strategic road map toward 2050 that will take our company through the energy transition. In line with this strategy, in June, we announced the new organization, creating two new integrated business groups.
- 07/31/2020
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Eni S.p.A.'s (E) CEO Claudio Descalzi on Q2 2020 Results - Earnings Call Transcript
- Eni S.p.A. (NYSE:E) Q2 2020 Earnings Conference Call July 30, 2020 3:00 AM ET Company Participants Claudio Descalzi - Chief Executive Officer Massimo Mondazzi - Chief Operating Officer Energy Evolution, Chief Financial Officer Giuseppe Ricci - Deputy of Chief Operating Officer Energy Evolution Alessandro Puliti - Chief Operating Officer Natural Resources Cristian Signoretto - Deputy of Chief Operating Officer Natural Resources Conference Call Participants Oswald Clint - Sanford C.
- 07/31/2020
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Eni S.p.A. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Eni S.p.A. in conjunction with their 2020 Q2 earnings call..
- 07/30/2020
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Eni Cuts Dividend as Virus Crisis Erases Quarterly Profit
- (Bloomberg) -- Eni SpA reported a second-quarter loss and reduced its dividend as the coronavirus crisis sent oil prices plunging.The Italian giant, one of several European energy majors reporting results on Thursday, was hurt by slumping demand for crude and fuels as governments imposed lockdowns to contain the virus. Consumption fell particularly sharply in its home market, the first European economy crippled by the pandemic.Eni’s adjusted net loss was 714 million euros ($839 million) in the quarter, compared with a profit a year earlier, the Rome-based company said in a statement. Analysts had estimated a 1.11 billion-euro loss.Eni now sees its full-year dividend at 55 euro cents a share, compared with an expectation of 89 euro cents back in February. The decision to cut follows similar moves at Royal Dutch Shell Plc and Equinor ASA.“We have gone through what is likely to be one of the most challenging quarters the oil and gas industry has faced in its history,” Chief Executive Officer Claudio Descalzi said in the statement. “Emerging from the pandemic will be difficult, with signs of great uncertainty still to come.”Eni shares fell 3.8% in Milan to trade at 8.09 euros as of 9:25 a.m. local time. The stock has slumped 42% this year.The company’s quarterly production slid to 1.71 million barrels of oil equivalent a day from 1.83 million a day a year earlier, according to the statement. Eni cut its forecast for the year to 1.71 million to 1.76 million barrels a day from a previous projection of as much as 1.8 million.The revision reflects a 2.6 billion-euro reduction in 2020 capital spending, lower global gas demand and persistent operational problems in Libya.Shell and Total SE also reported quarterly results on Thursday, with both beating estimates thanks to their mammoth trading operations.(Updates with CEO comment in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/30/2020
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Assessing The Threat Of The Energy Transition Part 1: Power
- While most would agree that renewables are a long-term threat to hydrocarbons, there is less agreement on what constitutes long term.
- 07/29/2020
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EnerCom Announces the Initial Lineup for its Virtual The Oil & Gas Conference® August 17-19, 2020
- EnerCom, Inc. is pleased to announce the initial lineup for the 25th Anniversary of The Oil and Gas Conference®. EnerCom will continue to announce more companies as they are added to their lineup. You can check the most up-to-date agenda by clicking here.
- 07/28/2020
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RPT-India's Petronet plans to cancel 10-yr LNG import tender - sources
- India's top gas importer Petronet LNG is set to cancel its offer to buy an annual 1 million tonnes of liquefied natural gas (LNG) for 10 years, two sources said, as signing long-term contracts are not attractive in the current scenario. India is scouting for cheap gas for price-sensitive consumers as Prime Minister Narendra Modi wants to raise the share of natural gas in the national energy mix to 15% by 2030 from the current 6.2% to reduce pollution. Earlier this year, Petronet invited bids to buy LNG with pricing linked to Henry Hub natural gas futures in the United States and Dutch TTF gas futures and shipped on a delivered ex-ship basis.
- 07/24/2020
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Eni Plans to Divest Assets in Norway & Congo Amid Low Oil
- Eni (E) is reportedly planning to divest the Jotun floating production, storage and offloading vessel in Norway.
- 07/22/2020
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Eni CEO Should Get 8 Years Jail on Bribe Charge, Prosecutor Says
- (Bloomberg) -- A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal.The court should reach a conclusion later this year on the accusation that most of that payment was distributed as bribes. Any verdict could be subject to a long appeals process.In his closing arguments on Tuesday, prosecutor Fabio De Pasquale asked the court in Milan for the sentence for Descalzi, who oversaw the company’s oil exploration and production unit at the time. The CEO denies any wrongdoing and he was re-appointed to the position by the Italian government in April.Several former executives of Eni and Royal Dutch Shell Plc are also on trial. The prosecutor sought eight years for Eni’s former CEO Paolo Scaroni and seven years and four months for Malcolm Brinded, who ran Shell’s exploration and production division at the time. He also requested the seizure of $1.09 billion from each of the companies.Shares of Eni were unchanged at 8.93 euros as of 9:12 a.m. in Milan on Wednesday, while Shell rose 0.6% to 1,259 pence in London.The companies and individuals accused have consistently denied any wrongdoing. Eni said in a statement on Tuesday that the prosecutor’s requests are “completely groundless.” Shell said it does not believe there is a basis to convict the company or any of its employees in Milan.The allegation is that the executives involved in the 2011 deal to secure the offshore Oil Prospecting License 245 knew that the money that they deposited in an escrow account controlled by the Nigerian government would be disbursed as bribes. In 2018, two middlemen were found guilty of corruption in a separate trial related to the transaction.The prosecution has suffered several setbacks. In January, Isaac Eke, a high-ranking retired Nigerian police officer, failed to corroborate the corruption allegations. In March 2019, a retired Swiss oil executive withdrew accusations against Shell and Eni executives, saying earlier statements that they were part of a network of bribes and kickbacks had been made under pressure.The Italian system has three rounds of sentencing before coming to a final conviction. The first of these is expected to come by the end of the year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/22/2020
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Brent Climbs to Four-Month High on Signs of Economic Recovery
- (Bloomberg) -- Oil settled at the highest level since early March in London as indications of an economic recovery from the coronavirus pandemic helped drive a rally in commodities.Both Brent and West Texas Intermediate crude futures jumped more than 2% during Tuesday’s session. European Union leaders agreed on an unprecedented stimulus package to pull their economies out of the worst recession in memory. At the same time, European regulators are eyeing a potential approval of the first Covid-19 vaccine this year, further adding to the positive sentiment.On the supply side, the industry-funded American Petroleum Institute showed a build in U.S. crude stockpiles of 7.5 million barrels last week, which would be the largest since the week of May 22 if the Energy Information Administration confirms it on Wednesday.The “truly historic stimulus from the European Union governing body” is a “big positive for the oil market,” said John Kilduff, a partner at Again Capital LLC. “That’s going to be very supportive of their economies and should translate into a better economic outlook and better fuel demand.”Brent futures climbed toward $45 a barrel for the first time since early March when a meeting between OPEC and its allies broke down acrimoniously and the alliance began a short-lived price war. Since then, prices have recovered but remain range-bound as worldwide virus cases approach 15 million and various U.S. states mull reimposing lockdown measures.“The idea that things are going to continue to recover, demand is going to push back to pre-pandemic levels and there’s going to be enough supply off the market to keep tightening the picture, is where the buying is coming from,” said Gene McGillian, vice president of market research at Tradition Energy.But pandemic-driven demand concerns spurred by the virus aren’t yet in the rear-view mirror, challenging prices from posting a stronger breakout rally. Far more people were infected with the novel coronavirus than previously reported in several corners of the U.S., according to data released Tuesday by the Centers for Disease Control and Prevention.In the New York City metropolitan area, the CDC estimated based on samples collected in March and April that the number of people who contracted the virus could be at least 12 times the number of reported cases.“We don’t have this virus under control in terms of number of cases and yet oil prices are still moving higher,” said Stewart Glickman, an energy equity analyst at CFRA Research. “One of two things happens, either the market is anticipating some kind of remedy that’s around the corner or folks are going to be disappointed and oil’s going to come back for a relapse.”The API also reported a 2 million barrel decline in gasoline stockpiles and a 1.36 million barrel contraction in distillate supplies.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/21/2020
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INSIGHT-EU's greenhouse gas strategy fails to plug methane hole
- The European Union does not plan to crack down on planet-warming methane emissions from gas imports despite pressure from oil companies, activists and academics, according to its draft strategy and sources familiar with the matter. While the EU plans to impose carbon dioxide (CO2) taxes on imports of energy intensive goods, critics say the world's biggest gas importer is not targeting suppliers of the fuel hard enough in its methane strategy due to be unveiled this year. While the EU regulates methane emissions from gas burned in the bloc, it doesn't regulate emissions during the production or transport of gas imported by Europe.
- 07/17/2020
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Eni: New Discovery Enhances Egyptian Story
- Eni discovered a new natural gas in Egypt, but we do not know yet how large it is. The company has significant opportunities in Egypt, and it has already begun to take advantage of them.
- 07/17/2020
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Wall Street Breakfast: Data Deal Voided As Twitter Gets Hacked
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 07/16/2020
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Oil & Gas Stock Roundup: Eni's EUR 3.5B Impairment, BP's Reliance Deal & More
- Italy's Eni SpA (E) to announce a EUR3.5 billion write-down, while British major BP plc (BP) shelled out $1 billion to India's Reliance Industries for a 49% stake in its retail fuel business.
- 07/14/2020
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Eni to Exit Traditional Oil Refineries in Next Decade
- (Bloomberg) -- The coronavirus pandemic will accelerate Eni SpA’s pivot away from conventional refineries to investing in greener facilities.“Instead of slowing down, we see Covid as a reason to accelerate the transition to low-carbon energy,” Chief Executive Officer Claudio Descalzi said in an interview with Bloomberg Monday.In February, Eni set tougher climate goals, in which the Italian energy giant pledged to slash net emissions by 80% by 2050. Less than two weeks later, Italy became the first European country to impose a lockdown to curb the spread of the coronavirus. Country after country followed, sending oil demand and prices tumbling to record-lows.While consumption of gasoline and diesel in the country is now recovering, Eni’s biorefineries haven’t been affected by the pandemic. Its two plants -- Venice and Gela -- were the only ones in its refining system that did not reduce production during Italy’s lockdown as they “worked very well,” Descalzi said.Along with its European peers, Eni slashed spending plans and cut a 400 million-euro ($455 million) share buyback, but has so far left its dividend intact. Investors and analysts have questioned how European oil majors will pay for the energy transition they’re promising, as renewables typically have lower returns than oil and gas projects.Bio-ReturnsDescalzi remains optimistic. Biorefineries have an internal rate of return of 15%, which is “not bad” compared with upstream, he said. Originally, the company had planned to fund its new renewables projects with free cash flow from oil above $50 to $60 a barrel. Following the pandemic’s impact on prices, the company is now looking for new ways to finance projects. While securing capital for green projects will be different, “access to funds will be easier.”Eni plans to spend 4.9 billion euros between 2020 and 2023. With oil at around $40 a barrel, “we won’t cut low-carbon spend, instead we will be cutting oil and gas” capex by 35% to 40% this year, Descalzi said.The CEO expects Eni will exceed its initial climate ambition, saying the company will now “match Europe’s goal of reaching net-zero emissions by 2050, across Scope 1, 2, and 3.” This would cover emissions from its own operations as well from the use of its products by customers.Beyond converting refineries into biorefineries, the company will look to divestments as part of its emissions-reduction plan. Eni expects to sell marginal activities in some countries including “maybe the U.S.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/14/2020
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Oil Extends Drop on OPEC+ Taper Jitters and U.S.-China Tension
- (Bloomberg) -- Oil dropped for a second day on expectations that OPEC+ will start winding down production cuts next month and as escalating tension between Washington and Beijing worsened sentiment across financial markets.Futures in New York fell toward $39 a barrel after retreating 1.1% on Monday. OPEC+’s Joint Ministerial Monitoring Committee meets Wednesday and the group is expected to stick to its plan of tapering the cuts from August even as the coronavirus rages unabated in many parts of the world, particularly the U.S.See also: U.S. Economic Recovery Loses Momentum With Virus Cases SurgingCrude was also caught up in a broad downward move in markets late on Monday after the White House rejected Beijing’s expansive maritime claims in the South China Sea. While the immediate impact wasn’t clear, it was the latest in a series of disputes between the world’s two largest economies that threaten to complicate the global recovery from the pandemic.An increase in supply from OPEC+ would hit a global economy that’s still far from pre-virus levels of activity, with a range of indicators in the U.S. suggesting the recovery has slowed in the past few weeks. The contango in Brent crude’s three-month timespread has widened this month, showing that concerns about a potential supply glut are starting to resurface.If OPEC+ does taper its cuts as expected, it will have only a “limited impact” as the global market is likely to remain in deficit, said Warren Patterson, head of commodities strategy at ING Bank NV. A surprise extension of the current levels would give the market a short-term boost, he said.West Texas Intermediate for August delivery fell 2.1% to $39.27 a barrel on the New York Mercantile Exchange as of 9:42 a.m in Singapore. Brent for September settlement dropped 1.7% to $42.01 on the ICE Futures Europe exchange after declining 1.2% on Monday.The global benchmark’s three-month timespread was 76 cents in contango -- where prompt prices are cheaper than later-dated contracts -- widening from 41 cents at the end of June.The OPEC+ committee will consider whether the alliance should keep 9.6 million barrels of daily output off the market for another month, or taper the cutback to 7.7 million barrels as originally planned. Members are leaning toward the latter, according to several national delegates who asked not to be identified.Meanwhile, compliance with the existing agreement seems to be improving. Saudi Arabia commended Iraq for implementing almost all of its oil production cuts last month, according to the state-run Saudi Press Agency.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/14/2020
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Why The Hydrogen Boom Is Good News For Natural Gas
- The EU’s ambitious hydrogen targets are good news for the natural gas sector as most of the produced hydrogen will be labeled as ‘blue hydrogen’
- 07/13/2020
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To Deal Or Not To Deal, That Is The Question...
- While Africa's geological appeal for frontier oil and gas exploration will remain strong relative to other regions, the early 2020 oil price crash will have significant and long-lasting impacts on upstream activity within the continent.
- 07/12/2020
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Here's Why Eni Has Decided to Write Off EUR 3.5B From Assets
- Eni (E) makes downward revisions for oil price forecasts since the coronavirus pandemic has dented global energy demand.
- 07/07/2020
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Oil & Gas Stock Roundup: Shell & Exxon's Q2 Updates, BP's Divestment & More
- Royal Dutch Shell (RDS.A) and ExxonMobil (XOM) issued updates on their upcoming Q2 earnings, while BP plc (BP) agreed to sell its global petrochemicals business for $5 billion.
- 07/07/2020
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MORNING BID-Shanghai surprise
- Nasdaq futures are down too, after the tech index yesterday continued to do what’s become a habit -- touch another record high. Monday's 10.4% rise in industrial orders also showed Europe's biggest economy is past the worst of the COVID-linked downturn.
- 07/07/2020
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Italy’s Eni Says Covid-19 Is Reshaping Oil Industry
- (Bloomberg) -- Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry.Eni now sees benchmark Brent crude at $60 a barrel in 2023 real terms, down from a previous estimate of $70, the company said late Monday, warning of impairment charges. Rivals Royal Dutch Shell Plc and BP Plc have also cut price forecasts as the lockdown-induced slump batters their business, forcing producers to reassess the value of their assets amid a shift to cleaner energy.“Having considered the prospect of the pandemic having an enduring impact on the global economy and the energy scenario, Eni has revised its view of market fundamentals,” the Rome-based producer said in a statement. The company said it would stick to -- or even speed up -- its long-term climate strategy presented in February.The spread of the coronavirus across the world this year wiped out fuel demand, hitting oil majors’ earnings in the first quarter and threatening worse to come in the second. Despite a recent rebound in consumption in some of the worst-hit countries, resurgent waves of the virus show the recovery remains fragile.Lowering price forecasts “appears to be the flavor of the month,” Biraj Borkhataria, an analyst at RBC Europe, said in a note. At Eni, “we do not see its current dividend as compatible with its aggressive decarbonization strategy.”Last month, BP signaled it would make the biggest writedown on the value of its business since the 2010 Deepwater Horizon disaster, as it cut estimates for oil and gas prices in the coming decades between 20% and 30%. Two weeks later, Shell also said it had revised its mid- and long-term pricing outlook, and warned of a record writedown.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/07/2020
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Eni Discovers Gas in Bashrush Prospect, Off the Coast of Egypt
- The new gas discovery strengthens Eni's (E) upstream portfolio.
- 07/02/2020
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Oil & Gas Stock Roundup: Chesapeake's Bankruptcy, Eni's Renewable Push & More
- The long struggling shale pioneer Chesapeake Energy (CHK) filed for Chapter 11 bankruptcy protection, while Italy's Eni SpA (E) acquired three wind farm projects.
- 06/30/2020
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Saudi Aramco's Dividend Math Doesn't Add Up
- (Bloomberg Opinion) -- It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Officer Amin Nasser’s promise to continue that level of returns for the next five years an extraordinary vote of confidence in an oil market awash with uncertainties. Saudi Aramco will be prepared to borrow money to ensure that it meets its commitment this year despite oil prices heading into negative territory, he said this month.Running up debts to keep the dividend on track is standard practice for energy companies amid the carnage of 2020’s oil market — except for those, like Shell, which plan to cut payouts altogether. You only want to fund dividends out of borrowings, though, if you’re certain it’ll be a strictly temporary measure. The risk for Aramco is that upholding such a long-term promise to shareholders will bend its entire business out of shape, just when it needs to be especially nimble as crude demand slows and goes into reverse. The core of Aramco’s profitability is its astonishingly low production costs, with operating expenses amounting to not much more than $8 a barrel of oil and equivalent products last year. It’s remarkable how quickly the spending adds up, though. Royalties paid to the Saudi state alone added another $10 a barrel or so, while corporate income tax came to around $19 a barrel and dividends swallowed a further $15. Once all those tolls were paid, Aramco didn’t have a lot of spare change left out of $60-a-barrel oil, let alone the stuff in the $40-a-barrel range it’s selling at the moment.A firm dividend policy is an unusually inflexible cost. Unlike the royalties and income taxes levied as a percentage of Aramco’s revenues and profits, payouts don’t automatically shrink if the price of crude declines. If anything, the burden per barrel rises further when prices and output fall. Perhaps in recognition of this, the Saudi state has from the start agreed to forgo its portion of any payouts to the extent that receiving them would get in the way of Umm-and-Abu investors getting their share(1). That may help maintain a theoretical $75 billion-a-year payout but it makes a nonsense of the idea that all shareholders are equal, not to mention the principle that a dividend policy is some sort of a commitment to future earnings. It’s not clear, either, why a company with this get-out clause would want to take on debt to meet its promised payments, although Aramco’s borrowing costs are essentially identical to those of the Saudi state.Dividends aren’t the end of Aramco’s committed spending. Its purchase of a majority stake in chemicals company Saudi Basic Industries Corp., or Sabic, was completed this month, committing it to about $69 billion of payments over the next six years — even after a restructured plan pushed the bulk of the cash outflow toward the middle of the decade.Then there’s a potential $15 billion investment in Reliance Industries Ltd.’s Jamnagar refinery in India, $20 billion on a separate planned chemicals venture with Sabic, plus Sabic’s own $5 billion a year or so of capital spending which will now sit on Aramco’s balance sheet.Add it all up and the picture is troubling. It’s likely to be several years before operating cash flows rise above $100 billion a year again, even with Sabic’s business consolidated. If Aramco wants to spend three-quarters of that sum on its dividend while laying out $10 billion to $15 billion annually for Sabic’s finance and investment costs, then capex on its core operations will have to fall to a third or less of the $35 billion-odd that the company was spending until recently. For all that executives are confident of their ability to increase production at very low costs, that sort of belt-tightening would make the easiest route to higher profits — lifting crude output from its pre-Covid 10 million daily barrels to around 13 million — extraordinarily difficult to achieve.That path is likely to be constrained, anyway, by several years of weak demand growth as the world recovers from Covid-19. Not to mention the fact that Aramco’s importance to the oil market rests on the proposition that increases in its output, coordinated via OPEC+, should make prices move in the opposite direction, resulting in little by way of net revenue gains for the company.Unlike most of its competitors, Saudi Aramco doesn’t really need to be so focused on dividends. All but 1.5% of its shares are held by the same state that’s hoovering up royalty and tax payments further up the income statement. Riyadh shouldn’t really care how it’s getting paid, as long as it’s getting paid.That dividend policy looks more like a swaggering attempt to hold back the tide of an oil market on the edge of terminal decline. The quicker Aramco acknowledges that, the better equipped it will be to handle the coming turmoil.(1) Americans would call them "Mom-and-Pop shareholders."This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.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.
- 06/28/2020
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Income Investors Need to Look Beyond BP Stock
- On its face, BP (NYSE:BP) stock looks like a wonderful pick for income investors. BP's dividend now yields over 10%. That seems to be hugely attractive for a large, diversified oil company.Source: FotograFFF / Shutterstock.com Indeed, that yield is the highest among the largest oil producers, even for investors willing to look overseas for oil stocks. The dividends of Italy's Eni S.p.A. (NYSE:E) and France's Total S.A. (NYSE:TOT) are close to that of BP, but neither European company's yield is over 10%.The market, however, is aware of BP's dividend and is pricing BP stock accordingly. This isn't a case where investors have a wonderful opportunity to get double-digit annual returns, excluding share-price appreciation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRather, the BP stock price implies a very real expectation of a dividend cut. News last week suggests that such a cut is likely to occur -- and could arrive in a hurry. A Massive WritedownIn a press release last week, BP detailed its rather muted outlook for global oil prices. The impact of the coronavirus pandemic on the industry is well-known: oil futures even briefly went negative in April. * 10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave But BP expects the pandemic to have a long-term impact as well. As the company wrote:bp's management also has a growing expectation that the aftermath of the pandemic will accelerate the pace of transition to a lower carbon economy and energy system, as countries seek to 'build back better' so that their economies will be more resilient in the future.And so BP lowered its long-term outlook for oil and gas prices. For Brent crude, the company now expects prices of $55 per barrel, versus its previous forecast of $70. And BP now predicts that Henry Hub natural gas prices will stay below $3 per mm Btu (million British Thermal Units).That more negative view of the future will lead to significant charges in the present. BP anticipates that its second-quarter results will include impairment charges totaling $13 billion to $17.5 billion.That's obviously a huge sum. And it suggests that there will be significant near-term pressures on BP's dividend. A Dividend at RiskThe writedown will significantly reduce BP's equity. That, in turn, will increase its "gearing," or its ratio of equity to debt.As one analyst told Bloomberg, BP's gearing could near 50% after the writedown. That may become the highest such figure among the large oil firms.More importantly from a near-term perspective, the figure is well above BP's long-term target of just 20% to 30%. And so it seems likely that debt reduction will become a priority for the company.The problem is that, in this environment, it's exceedingly difficult for BP to cut debt. Its 2020 cash flows are taking a hit from depressed oil prices. Asset sales will be difficult for the company at a time when nearly every other oil producer is looking to protect its own balance sheet. And the writeoff itself suggests that BP has significant acreage where drilling won't make economic sense in this "new normal."That leaves a dividend cut and cutting explorations budgets as the only near-term debt- reduction strategies. BP's dividend distributions cost over $8 billion annually. That means the company can at least start to tackle its debt load, which was $51.4 billion net of cash at the end of Q1, by cutting its dividend.The reason BP stock has a dividend yield of over 10% is not because the market isn't paying attention. It's because investors believe, for good reason, that a dividend cut is on the way. The Case for BP StockAll that said, I'm not completely bearish on BP stock. I've recommended the name in the past. And it's possible that the selloff went too far.One blunt way to make that argument is to compare the writedown to the decline of BP stock so far this year. The $17.5 billion figure at the high end of the projected writedown range sounds enormous. But BP stock has lost about $45 billion of market value so far this year.For several reasons, it's too simplistic to argue that the size of the writedown should match the decline of the company's market capitalization. But an investor can argue that lower oil prices are priced into the shares, at least to some extent. Meanwhile, oil bulls might see BP's higher debt load as a relatively positive: it could cause the shares to climb further if BP's updated projections prove too conservative.Meanwhile, Exxon Mobil (NYSE:XOM) still seems to have significant strategic questions and a lengthening history of substandard returns. Chevron (NYSE:CVX) is a solid operator, but its stock probably is the most expensive among the large oil producers across a variety of metrics.So there's a case for BP stock as a nice combination of execution (which had been solid since the Deepwater Horizon tragedy) and value at these levels.But that case can't include the dividend. Not at this point. BP's dividend is at significant risk, and investors should prepare accordingly.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned.The post Income Investors Need to Look Beyond BP Stock appeared first on InvestorPlace.
- 06/26/2020
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RPT-INSIGHT-Satellites reveal major new gas industry methane leaks
- Last fall, European Space Agency satellites detected huge plumes of the invisible planet-warming gas methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe. Energy consultancy Kayrros estimated one leak was spewing out 93 tonnes of methane every hour, meaning the daily emissions from the leakage were equivalent to the amount of carbon dioxide pumped out in a year by 15,000 cars in the United States. The find, which has not been reported, is part of a growing effort by companies, academics and some energy producers to use space-age technology to find the biggest methane leaks as the potent heat-trapping gas builds up rapidly in the atmosphere.
- 06/26/2020
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Forget Oil, Renewable Energy Is All Charged Up: 4 Winners
- Future for all the oil and gas companies lies in renewable energy since investors are building pressure on the firms to lower net emissions.
- 06/25/2020
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Eni: Recent Strides In Renewables Offer Growth Potential
- Eni recently acquired three wind farm projects in Italy. This continues the company's goal of becoming a major player in the acceleration of renewable energy ca
- 06/24/2020
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Eni Buys 3 Onshore Wind Farms in Italy to Cut Carbon Emission
- With this acquisition, Eni (E) makes a significant progress in its decarbonization process. This is expected to significantly reduce its net emissions of greenhouse gases by 2050.
- 06/23/2020
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What’s Next For Big Oil?
- As the world scrambles to tackle the climate crisis, Big Oil is doing its part, rushing to reduce carbon emissions at a surprising rate
- 06/22/2020
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Eni (E) Plans to Exit Pakistan Through Huge Asset Divestment
- Eni (E) produces 37 billion cubic feet of natural gas annually in Pakistan.
- 06/22/2020
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End of Venezuela’s Oil Fortune Looms Over Maduro’s Regime
- (Bloomberg) -- Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime.Crude exports that once accounted for 95% of foreign currency inflow to the country tumbled by almost half this month, after hitting a 73-year low in May. The plunge comes as U.S. sanctions continue to target Venezuela, home of the world’s largest oil reserves.Maduro’s regime is already plagued by a humanitarian crisis aggravated by the global pandemic that’s sapping domestic demand for fuels. There’s only one more oil tanker expected to load for the remaining 12 days of the month, documents show. Venezuela used to load two vessels per day two years ago before financial sanctions were imposed.Oil storage tanks in the country are nearly full, forcing operators to shut in production to levels not seen since the end of the Second World War. It’s next to impossible to sell crude to foreign buyers with most oil vessels booked to export crude forced to cancel due to the Trump administration’s sanctions.“Without oil money life gets a lot harder for Maduro,” said Diego Moya-Ocampos, a political-risk consultant at IHS Markit in London. “He will have to rely more on gold mining and illegal activities such as drug trafficking to pay for his security apparatus.”Shipments of oil, used to barter for fuels and food, slumped to 167,222 barrels a day this month through Thursday, down 45% compared to the same period in May, data from loading programs and ship-tracking compiled by Bloomberg show.After the U.S. levied sanctions on Mexican firm Libre Abordo SA de CV and its affiliate Schlager Business Group, Venezuela began relying on shipments to its ally Cuba and to Italian refiner Eni SpA and Repsol SA from Spain. Both Eni and Repsol have said in the past they are collecting oil as payment to settle old debts.“Repsol receives cargoes as payment for outstanding debts,” said spokesperson Kristian Rix in an email. “Repsol is fully compliant with international laws and regulations and will, of course, remain so.”Eni has been recovering receivables from PDVSA via the supply of crude oil in full compliance with U.S. sanctions, according to a company statement.Inventories have ballooned as exports tumble. Stockpiles are averaging 15.2 million barrels in June, up 43% compared with January. Tanks have enough spare room to store no more than 800,000 barrels, documents show. As a result, oil upgrading facilities run by state oil company Petroleos de Venezuela SA in partnership with Chevron Corp. and China National Petroleum Corp. had to stop activities in June as they ran out of space to store crude.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/20/2020
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Hedge Funds Are Souring On Eni SpA (E)
- In this article we will take a look at whether hedge funds think Eni SpA (NYSE:E) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
- 06/10/2020
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Libya Restarts a Second Oil Field Even as OPEC+ Extends Cuts
- (Bloomberg) -- Libya took another step toward reviving its moribund oil industry by restarting production at a second important field after a five-month halt.Pumping began on Sunday at the El-Feel deposit, which had suspended operations due to the North African country’s civil war. El-Feel is resuming just a day after oil started flowing again from Libya’s largest deposit, Sharara.Any fresh barrels from these fields could complicate efforts by the OPEC+ producer alliance to limit global supply and push crude prices higher. The group agreed on Saturday to extend historic production cuts of 9.6 million barrels a day through July. Libya, with Africa’s largest oil reserves, is exempted from the cuts due to the country’s strife.The two southwestern fields previously pumped a combined 400,000 barrels a day, though they could take months to return to that level of output, if they reach it at all.“This is a situation we’ll have to look at in more detail once recovery actually starts,” Russian Energy Minister Alexander Novak said Monday at a press briefing held by the Organization of Petroleum Exporting Countries and its allies.Novak’s Saudi counterpart, Prince Abdulaziz bin Salman, said at the same briefing that it would be “unfair and unproductive” at this early stage to engage with Libya about its rising output. Libya is “a very committed member of OPEC+,” and “we wish them well,” Prince Abdulaziz said.Operations are gradually resuming at El-Feel, which is operated by a joint venture between Italy’s Eni SpA and the state-run National Oil Corp., according to a person with knowledge of the situation who asked not to be identified. The NOC wasn’t immediately available for comment.Output at the fields halted in January amid a military offensive by forces loyal to Khalifa Haftar, a commander based in eastern Libya. His fighters shut down most of the country’s crude production, which plunged from 1.2 million barrels a day to some 90,000. The collapse has cost the oil-dependent nation billions of dollars in lost revenue.READ: Haftar’s Losses Cloud Outlook for Libya’s Battered Oil IndustryThe resumption of production at the two fields follows setbacks for Haftar in recent weeks. His forces have lost strongholds in western Libya after battling for more than a year to seize the capital, Tripoli, from the United Nations-backed government of Fayez al-Sarraj.Haftar has accepted an Egyptian-sponsored cease-fire, though Sarraj’s administration said Sunday that government forces would continue their campaign to retake two key cities before any political negotiations to end the war.The NOC on Sunday said production at Sharara will resume at an initial 30,000 barrels a day and will take three months to return to full capacity, due to damage caused by the shutdown. However, a return to full production at either field probably won’t happen without a truce between Haftar’s Libyan National Army and Sarraj’s Government of National Accord.(Updates with comments from Russian oil minister in fifth paragraph; Saudi minister in sixth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/08/2020
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Eni (E) to Restructure, Separate Green Energy From Oil & Gas
- Eni's (E) newly created Energy Evolution will focus on the transition from fossil fuels to renewable sources.
- 06/05/2020
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ExxonMobil's delayed FID on Mozambique project should come next year -official
- The oil giant postponed its FID for the project, which had been expected this year, in March as the coronavirus outbreak and an oil price slump forced firms to delay projects and slash spending. "The final investment decision of the Rovuma LNG project has been postponed to, in principle, next year," INP Chairman Carlos Zacarias told a press conference, referring to the project in the gas-rich province of Cabo Delgado led by Exxon.
- 06/03/2020
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13 Energy Stocks Moving In Tuesday's Pre-Market Session
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Oil Majors Face Another Impossible Decision
- The recent oil price crash has left oil majors with a clear choice as markets recover, either expand to become broader energy firms or specialize within the oil and gas industry
- 06/01/2020
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Oil Posts Fourth Weekly Gain Despite Doubts Over China Growth
- (Bloomberg) -- Oil fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China’s economic growth.Futures in New York slid 2% Friday but notched a 13% increase for the week.Major producers continue to scale back production. U.S. explorers laid down another 21 oil rigs, bringing the total to the lowest since 2009. Beijing abandoned its economic growth target for this year due to “great uncertainty” over the coronavirus, triggering concerns over a demand recovery.“We are starting to see some gradual improvements in the global economy, notwithstanding China, and it’s going to get better from here,” said Bill O’Grady, chief market strategist at Confluence Investment Management LLC. “So, we’ve gone from being undervalued due to fears of the lack of inventory capacity to now being about where we ought to be based on where inventories are.”However, there are still warning signs that any recovery will be long and slow. The research unit of state-owned China National Petroleum Corp. said fuel demand in the country will drop by 5% this year. Plus, U.S. oil production shut-ins have peaked, Mark Rossano, an analyst with consultancy Primary Vision said.Yet, output cuts by major producers have helped shrink inventories globally at the same time that OPEC+ works to implement its pledged reductions. The alliance’s program this month is on the way to trimming 9.7 million barrels of daily crude output -- roughly 10% of global supplies and stockpiles at the storage hub at Cushing, Oklahoma, shrank by the most on record last week.China’s oil demand earlier this month was probably at 92% of levels at the same time last year, IHS Markit said, and full-year consumption is likely to be around 8% lower than in 2019.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/22/2020
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Shell, Eni Win Dismissal of Nigeria Bribery Lawsuit
- (Bloomberg) -- Royal Dutch Shell Plc and Eni SpA won dismissal of a $1 billion U.K. lawsuit brought against them over allegations they knew about bribes in a Nigerian oil deal.A London judge ruled Friday that England has no jurisdiction to try the case as it involves the same essential facts as a separate Italian criminal case.The ruling is a victory for the oil companies, which have been clouded by accusations in a years-old dispute over exploration rights to a tract in the Gulf of Guinea called Oil Prospecting License 245 that has spread to courtrooms throughout Europe.The Nigerian government claims that money the companies paid to acquire the oil exploration license in 2011 was diverted to bribes and kickbacks. It says Shell and Eni are partly responsible for the behavior of Nigerian officials who used a $1.1 billion payment to acquire the oil block for personal enrichment. Shell and Eni have denied any wrongdoing.“We maintain that the 2011 settlement of long-standing legal disputes related to OPL 245 was a fully legal transaction with Eni and the Federal Government of Nigeria, represented by the most senior officials of the relevant ministries,” Shell said in a statement.Eni said it was pleased with the decision and added that the U.S. Securities & Exchange Commission and U.S. Department of Justice have also closed investigations into the Italian company’s involvement with OPL 245.The Nigerian government said in its own statement that the Italian criminal case has a completely separate legal basis from the U.K. civil case and it would seek permission to appeal.The ruling does not affect ongoing Italian criminal proceedings, where Nigeria has a separate legal claim.(Updates with Eni comment in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/22/2020
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America's Fossil Fuel or Europe's Bet on Low Carbon Future?
- The coronavirus pandemic has indelibly impacted the global energy sector. Although the demand for oil has noticeably dropped and prices have plunged, the pace of shift to renewable energy from fossil fuel is still uncertain.
- 05/21/2020
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Eni appoints Citi to sell Australia gas assets - sources
- Italian energy group Eni is working with investment bank Citi to sell natural gas assets in Australia that could fetch up to $1 billion, sources said. The sale, which is expected to be launched next week in a two-round process, could see Eni all but exit from Australia. Eni declined to comment, while Citi was not immediately available for comment.
- 05/15/2020
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Investor Legal & General to vote against Exxon chair re-election over climate
- British investor Legal & General said on Wednesday it would vote against re-electing the chair of Exxon Mobil at a shareholder meeting on May 27, saying the U.S. oil giant had not done enough to tackle climate change. Legal & General Investment Management (LGIM), which has $1.5 trillion under management and owns about 0.5% of Exxon or shares worth about $1 billion, said the U.S. company had not disclosed its full greenhouse gas emissions and had failed to set company-wide emissions reduction targets.
- 05/12/2020
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The Unnoticed Power Grab Unfolding In Libya’s Oil Crescent
- The situation on the ground in Libya is growing worse and forces of Field Marshall Haftar continue to effectively blockade all Libyan ports and export terminals
- 05/06/2020
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Iraq emerging as OPEC's main laggard in making record output cut - sources
- Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said. Less than full compliance by Iraq, as well as by smaller producers such as Nigeria and Angola, could hurt the OPEC+ group's efforts to cut output by 9.7 million barrels per day from May 1, equivalent to about 10% of world demand before the coronavirus crisis led to a slide in consumption and prices.
- 05/06/2020
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A Rare Week Of Optimism For Oil
- Oil markets are on course to see their first weekly gain in over a month as the OPEC+ production cut comes into effect and a wave of shut-ins hit the shale patch
- 05/01/2020
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Royal Bank of Canada Reaffirms "Underperform" Rating for ENI (NYSE:E)
- Royal Bank of Canada reiterated their underperform rating on shares of ENI (NYSE:E) in a research note released on Monday, The Fly reports. Several other analysts have also recently issued reports on the stock. Morgan Stanley raised shares of ENI from an underweight rating to an equal weight rating in a research note on Friday, […]
- 05/01/2020
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Iraq faces problems cutting 1 mln bpd of crude output -sources
- BASRA, Iraq/BAGHDAD, April 30 (Reuters) - Iraq will struggle to cut crude output a record 1 million barrels per day (bpd) or 23 % from May under OPEC's deal with Russia and other producers, and Baghdad has yet to agree with oil majors about where the cuts will come from, industry sources said. Majors
- 04/30/2020
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It's Politics as Usual in Italy's State-Led Firms
- (Bloomberg Opinion) -- The anti-politics Five Star Movement may be part of Italy’s ruling coalition, but recent nominations to the boards of Italy’s state-backed companies look as pro-politics as ever.Oil major Eni SpA, utility Enel SpA and defense group Leonardo SpA are among those that get a boardroom review every three years. The quixotic hope is that appointments are made via a clear process and at arm’s length from politics. This time around, unfortunately, one gets the impression of low-level horse trading.Nominations seem to have been crudely carved up between the two sides of the ruling coalition, with the Democratic Party choosing the chief executives and Five Star nominating the chairmen. This turns good governance into a political balancing act.The CEOs have mainly been reconfirmed in their roles. Fair enough. Ditching well-regarded executives in a crisis risks creating instability when it can least be afforded. All the same, the Democratic Party could be seen as merely ratifying the candidates it appointed or confirmed last time around.At the chairmen level, new faces abound. Assuming these are Five Star placements, it’s hard to believe there’s no agenda in forcing change. Eni receives a commercial law professor, who is also on the board of the publisher of newspaper Il Fatto Quotidiano. The paper has recently been critical of CEO Claudio Descalzi, who is the subject of litigation relating to corruption allegations. Meanwhile, Enel gets a banking regulation lawyer, who advised the bailed-out Banca Monte dei Paschi di Siena SpA. Over at defense group Leonardo SpA, the new chairman is, sensibly enough, the head of Italy’s foreign intelligence services. But a different board nominee has created controversy over reported ties to foreign affairs minister Luigi di Maio.The acid test is what independent shareholders will make of all this. The Eni appointment sends a message to Descalzi that governance must be taken seriously and that he should not relax even if the litigation against him (which is now concluding) fails. The snag is that the oil industry is facing its biggest operational and strategic challenge in decades, with Brent crude at a lowly $21 per barrel and clean energy an investment imperative. If a crisis of this magnitude isn’t the time to pair Descalzi with an industry veteran, then when is?Over at Enel, outside shareholders will have questions about the strategic implications of installing a new chairman right now. Enel has been under pressure to combine its fiber broadband unit with that of Telecom Italia SpA, to help provide universal internet access — a central Five Star goal. Thus far, CEO Francesco Starace has been cautious about agreeing to a deal. The logic and terms of such a transaction would be a concern to Enel’s non-state investors who own the majority of the group.Of course, the chairman role at Italian state-owned companies is really more administrative than in, say, a U.K. company where the occupant can fire the CEO. At all three of these firms, CEO and chairman alike answer to the state. The government can phone up Starace and dictate aims any time. Besides, finding the perfect chairman or CEO is tough anywhere. The holy grail is someone who has relevant experience, strategic vision and can strengthen the diversity of the board. They don’t exactly grow on trees.But depoliticizing these appointments has to start somewhere. Pandemic bailouts will see more firms taking on the state as a shareholder. If supposedly anti-politics Italy is anything to go by, those holdings will be kept awkwardly close.This column does not necessarily reflect the opinion of the editorial board or 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.
- 04/27/2020
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Big Oil’s Dilemma: Cut Dividends Or Cut Operations
- While oil majors have a much better ability to survive the current crisis than smaller independent drillers, they will likely have to take on much more debt or shrink the size of their operations
- 04/26/2020
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This Rebound Is Only Temporary
- While oil prices have rebounded from the record lows they hit last week, the rebound is likely to only be temporary as more bearish news piles up
- 04/24/2020
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Europe's Week Ahead (April 27-May 1): Virus Infects Sovereign Credits
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Should Value Investors Pick Eni S.p.A. (E) Stock Right Now?
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Jefferies Financial Group Downgrades ENI (NYSE:E) to Hold
- ENI (NYSE:E) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Monday, Marketbeat.com reports. A number of other research analysts also recently issued reports on E. Berenberg Bank reiterated a “hold” rating on shares of ENI in a research note on Wednesday, […]
- 04/22/2020
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Shares of several energy companies are trading lower as oil prices collapse amid high supply. The coronavirus pandemic has led to a sharp decline in oil demand.
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Occidental Petroleum Could Be Worth $24 Per Share
- This current oil price is unsustainable, thus there is a high probability it will bounce back in the next two years. Occidental Petroleum can raise enough liqui
- 04/20/2020
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Shares of several oil stocks are trading lower after the price of oil fell significantly as storage for the commodity runs out and global demand remains depressed. UPDATE: Shares of several names in the space have reversed, sector now mixed.
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ENI (NYSE:E) Upgraded at Morgan Stanley
- ENI (NYSE:E) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Friday, Marketbeat reports. A number of other analysts have also commented on E. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a […]
- 04/19/2020
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Saudi Arabia’s Oil Stock Gambit
- Saudi Arabia’s sovereign wealth fund has been on a rampage, buying up stocks in European oil majors while crude prices remain low
- 04/17/2020
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Shares of several energy companies are trading lower after OPEC further cut global oil demand forecasts.
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Ladenburg Thalmann Financial Services Inc. Trims Holdings in Eni SpA (NYSE:E)
- Ladenburg Thalmann Financial Services Inc. cut its stake in Eni SpA (NYSE:E) by 17.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,012 shares of the oil and gas exploration company’s stock after selling 1,879 shares during the quarter. Ladenburg Thalmann Financial Services […]
- 04/16/2020
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OPEC+ Powerless As s Near $20
- Despite its best efforts, OPEC+ has failed to inject bullish sentiment into markets, with oil having now given up all of the gains it had made from the start of the month
- 04/14/2020
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Investing Lessons From the Saudis
- The Public Investment Fund of Saudi Arabia is betting big on 2 unloved sectors Continue reading...
- 04/10/2020
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Investing Lessons From the Saudis
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Saudi Arabia Is Buying Up European Oil Majors
- The Saudi sovereign wealth fund has bought stakes worth a combined $1 billion in four European oil majors: Shell, Total, Eni, and Equinor
- 04/09/2020
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Saudi Sovereign Wealth Fund Takes Stakes In Eni, Equinor, Shell, Total
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YPF Energia Electrica S.A. -- Moody´s downgrades ratings for 9 Argentine Utilities and Infrastructure Issuers
- Buenos Aires City, April 08, 2020 -- Moody´s Latin America Agente de Calificación de Riesgo S.A., ("Moody´s") downgraded the ratings and changed the outlook to negative of 9 utilities and infrastructure companies operating in Argentina. The rating action follows the downgrade of the Government of Argentina's senior unsecured ratings to Ca from Caa2, and outlook change to negative from ratings under review for downgrade, and reflects the strong credit linkages and exposure these companies have to Argentina's regulations and operating environment.
- 04/08/2020
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Empresa Provincial de Energia de Cordoba -- Moody´s downgrades ratings for 9 Argentine Utilities and Infrastructure Issuers
- Buenos Aires City, April 08, 2020 -- Moody´s Latin America Agente de Calificación de Riesgo S.A., ("Moody´s") downgraded the ratings and changed the outlook to negative of 9 utilities and infrastructure companies operating in Argentina. The rating action follows the downgrade of the Government of Argentina's senior unsecured ratings to Ca from Caa2, and outlook change to negative from ratings under review for downgrade, and reflects the strong credit linkages and exposure these companies have to Argentina's regulations and operating environment.
- 04/08/2020
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Eni says rocket episode in southern Iraq relatively far from its Basra ops
- Italian oil and gas group Eni said on Monday rockets that landed in southern Iraq had fallen some distance from its Zubair field and operations continued. "All personnel of the field are in a safe condition and production hasn't been affected," an Eni spokeswoman said. Three rockets landed
- 04/06/2020
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OPEC’s Plan To Take Over The Global Oil Industry
- Much of the commentary surrounding the oil price crash has focused on the pain felt by OPEC nations, but it is their National Oil Companies that may come out of this crisis as the true superpower
- 04/05/2020
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Oil Industry Joins The Fight Against Coronavirus
- The coronavirus has forced businesses to change in order to not only survive the pandemic but to help fight it, and now the oil and gas industry is joining the global effort
- 04/05/2020
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Italy plans to widen special powers over strategic sectors
- Italy plans to extend the special powers it has to shield key industries from unwanted foreign interest, a senior government official said on Saturday, adding that the measures would apply to investors from other European Union nations. The plan reflects concerns in Italy's ruling coalition that foreign investors could take advantage of the recent collapse of share prices triggered by the coronavirus crisis to buy assets in industries deemed as strategic for the country. Cabinet undersecretary Riccardo Fraccaro said on Saturday that Rome would expand its vetting powers to the whole banking and insurance sector, as well as the health and food industry.
- 04/04/2020
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Eni SpA shares are trading lower. Not seeing any news to justify the price action. NOTE: The oil & gas sector is trading higher on production cut expectations.
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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...
- 04/01/2020
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Oil & Gas Stock Roundup: Operators Clamp Down on Capex to Combat Price Slump
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Is Change in Payout Strategy Need Of the Hour for Big Oil?
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Oil Tumbles Towards $20 As Glut Grows
- The brief rebound in oil prices was never going to last in the current environment, and as the global crude glut nears historic highs, prices are heading towards $20
- 03/27/2020
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Eni (E) Revises 2020 Capex Downward on Oil Price Weakness
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Shares of several consumer goods companies are trading higher amid market strength on hopes of a US economic stimulus agreement. The sector has been volatile recently amid consumer demand for household staples and cleaning products.
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Eni (E) Withdraws Share Repurchase Plan Amid Crude Oil Plunge
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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.
- 03/18/2020
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European Oil Stocks Pay Amazing Dividends — and They May Even Be Safe
- Royal Dutch Shell stock, which has fallen by 50% in a month, was yielding 16% on Wednesday. BP had a dividend yield of 14%. Goldman Sachs says the market is too pessimistic.
- 03/18/2020
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CPC shareholders in standoff after Transneft blocks new board - sources
- The CPC pipeline, essential to ship 1.4 million of light Caspian barrels per day (bpd) to the Mediterranean markets, is facing a shareholder standoff after its board was dissolved, potentially hitting further expansion plans, three sources said. The Caspian Pipeline Consortium (CPC), the largest privately-operated route connecting oil fields in Kazakhstan and Russia with the Black Sea, is co-owned by a number of shareholders with a history of failing to reach agreement. Disagreements between Russia's oil pipeline monopoly Transneft, Kazakhstan and other shareholders have capped expansion plans in the past.
- 03/17/2020
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Do Hedge Funds Love Illinois Tool Works Inc. (ITW)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/16/2020
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Hedge Funds Have Never Been This Bullish On Prologis Inc (PLD)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/16/2020
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Is Eni SpA (E) A Good Stock To Buy?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/16/2020
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Impact Of Oil Collapse On High Yield Bond Market
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Stocks That Hit 52-Week Lows On Thursday
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Hedge Funds Piled Into Vertex Pharmaceuticals (VRTX) Just In Time
- Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we publish an article with the title "Recession is Imminent: We Need A Travel Ban NOW". We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6
- 03/12/2020
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Do Hedge Funds Love CSX Corporation (CSX)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with
- 03/11/2020
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Shares of several oil companies are trading lower as oil prices fall after Saudi Arabia directed producer Saudi Aramco to raise its production capacity.
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Shares of several oil companies are trading higher as oil prices rebound following Monday's selloff. The US late Monday said it may take certain steps to improve the US economy amid the virus outbreak, which has potentially helped lift markets as well.
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101 Stocks Moving In Monday's Mid-Day Session
- Gainers
Spherix Incorporated (NASDAQ: SPEX) shares jumped 139% to $3.92 after jumping 131% on Friday.
AIM ImmunoTech Inc. (NYSE: AIM) shares jumped 63.1% to $3.43 amid the...
- 03/09/2020
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's Top Upgrades, Downgrades For March 9, 2020
- Upgrades
For TC Energy Corp (NYSE: TRP), B of A Securities upgraded the stock from Neutral to Buy. In the fourth quarter, TC Energy showed an EPS of $0.79,...
- 03/09/2020
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Bernstein Downgrades Eni to Market Perform
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Stocks That Hit 52-Week Lows On Friday
- Friday morning, 940 companies set new 52-week lows.
Interesting Points:
The largest company by market cap to set a new 52-week low was Bank of America (NYSE: BAC).
The...
- 03/06/2020
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9 Energy Stocks Moving In Monday's Pre-Market Session
- Gainers
Taronis Technologies, Inc. (NASDAQ: TRNX) shares increased by 5.6% to $0.32 during Monday's pre-market session.
Chesapeake Energy, Inc. (NYSE: CHK) stock...
- 03/02/2020
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Stocks That Hit 52-Week Lows On Friday
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Stocks That Hit 52-Week Lows On Thursday
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5 Energy Stocks Moving In Wednesday's Pre-Market Session
- Gainers
TechnipFMC, Inc. (NYSE: FTI) stock surged 2.6% to $15.67 during Wednesday's pre-market session. According to the most recent rating by Bernstein, on January...
- 02/26/2020
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Shares of several oil stocks are trading lower after the price of crude oil fell ~4% due to demand concerns related to the spread of Coronavirus.
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Stocks That Hit 52-Week Lows On Friday
- Friday's morning session saw 156 companies set new 52-week lows.
Facts of Interest:
Exxon Mobil (NYSE: XOM) was the biggest company on a market cap basis to set a...
- 02/21/2020
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BP: Growth Plan Playing Out, Albeit With A Negative From Pricing
- BP generally handed in mixed results in terms of what analysts were expecting. The company was adversely impacted by the fact that energy prices were lower on a
- 02/10/2020
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ENI CEO Says Group Oil Production In Libya Halved To Around 160,000 BOED
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Shares of several oil & gas companies are trading higher as markets gain momentum amid optimism regarding a potential coronavirus treatment.
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Stocks That Hit 52-Week Lows On Monday
- Monday's morning session saw 187 companies set new 52-week lows.
Interesting Highlights:
Xperi (NASDAQ: XPER) was the biggest company on a market cap basis to set a...
- 02/03/2020
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Stocks That Hit 52-Week Lows On Friday
- Friday's morning session saw 167 companies set new 52-week lows.
Facts of Interest:
The largest company in terms of market cap to set a new 52-week low was Xperi (...
- 01/31/2020
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Eni Signs Deal With Enea for International DTT Project Valued @ €600M
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Oil & Gas Stock Roundup: Halliburton, Kinder Morgan & Baker Hughes Report Q4 Earnings
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Will Chevron (CVX) Pull Out of Indonesian Deepwater Stake?
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5 Energy Stocks Moving In Wednesday's Pre-Market Session
- Gainers
Chesapeake Energy, Inc. (NYSE: CHK) shares increased by 1.2% to $0.60 during Wednesday's pre-market session. The most recent rating by Imperial Capital, on...
- 01/22/2020
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Oil & Gas Stock Roundup: Schlumberger's Q4, Eni's Agogo Start-Up & More
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Eni Begins Production From Agogo Oilfield Offshore Angola
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ExxonMobil (XOM) to Exit From Romanian Neptun Deep Project
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Shares of several oil & gas companies are trading lower after EIA crude inventories for January 3rd showed a 1.164 million barrel build vs a 3.572 million barrel draw estimate. Companies continued to trade lower after President Trump gave a press conference which eased investors concern over escalation in the Middle East.
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Shares of oil companies are trading lower, cooling down from the recent rally as traders' concerns of Middle East tensions ease.
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Shares of several oil and gas companies are trading higher on continued momentum after the U.S. confirmed an airstrike that killed a top Iranian commander. The death of Soleimani raised geopolitical concerns in the Middle East, causing oil prices to rise.
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Eni & Partners Ink Deal to Expand LNG Production in Nigeria
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Eni Signs Deal With SNDP To Assess, Extend Experimental Castor Cultivation To Be Used To Produce Sustainable Biofuels, No Terms Disclosed
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Eni: Assessing The Viability Of Its Dividend
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Saipem seeking merger deal with rival Subsea 7 - Bloomberg
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Total seeks sale of stake in Nigerian offshore block - Reuters
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6 Energy Stocks Moving In Tuesday's Pre-Market Session
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Eni: The Growth Story Continues To Play Out
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Eni: Positive FCF Despite Unfavorable Environment
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Eni SpA (E) Q3 2019 Results - Earnings Call Transcript
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Eni tallies highest-ever Q3 production rate
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10 Energy Stocks Moving In Wednesday's Pre-Market Session
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Shell pulling out of two Kazakh offshore projects
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7 Energy Stocks Moving In Friday's Pre-Market Session
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New Turkish sanctions urged over Cyprus gas drilling
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ENI Ceo Says Co Confirms Its Commitment To The Exploration Of The Cypriot EEZ And The Contractual Commitments With The Country, Says Co Planning A Joint Exploration Campaign In The First Half Of 2020 Together With Its Partner Total
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TechnipFMC (FTI) and Partners Clinch Mozambique EPC Contract
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Exxon will not take FID on Mozambique project this week - Reuters
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Shares of oil companies are trading lower following a larger-than-expected build in US crude inventories. Additionally, overall market weakness and recession fears are weighing on oil demand outlook.
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9 Energy Stocks Moving In Tuesday's Pre-Market Session
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Eni: A Growing Natural Gas Behemoth
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OMV: A Vertically Integrated Oil And Gas Player With A 10% Free Cash Flow Yield
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Eni CEO under investigation over Congo contracts
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Exxon confirms sale of Norway upstream assets for $4.5B
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Eni Awarded Wind Project Through Its Local Subsidiary Armwind Llp, Joint Venture Between Eni And General Electric; Co. To Develop 48 MW Wind Plant In Kazakhstan
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Nigeria eyes lower stakes in oil JVs in bid to spark foreign investment
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ENI goes ex-dividend on Monday
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UK Government Spokesman Says We Have Now Shared In Written Form A Series Of Confidential Technical Non-papers Which Reflect The Ideas The UK Has Been Putting Forward
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European oil majors upgraded at J.P. Morgan
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Shares of many oil & gas companies are trading higher due to heightened tensions following an attack on a Saudi Arabian oil field supposedly by Iran. NOTE: The strike on the oil field has disrupted about half of Saudi Arabia's oil production equivalent to 5% of the daily global oil supply.
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5 Oil Stocks to Win Big as Prices Jump on Middle East Tension
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Wall Street Breakfast: The Big Tech Crackdown
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Exxon confirms exclusivity deal with Var Energi for Norway assets
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Oil & Gas Stock Roundup: BP Out of Alaska, Equinor Speeds Up Oil Field Start Up
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Valaris Receives Contracts for 6 Rigs, Adds $84M to Backlog
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Stock Market News for Aug 28, 2019
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Total, Qatar Petroleum sign asset transfer deals
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Shares of several oil & gas companies are trading lower on escalated trade tensions after China announced it plans to impose a 5%-10% tariff rate on $75 billion worth of U.S. goods.
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Shares of several oil and gas companies are trading higher following API and EIA data showing bigger-than-expected crude inventory withdrawals.
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ExxonMobil to Speed Up Exit From Offshore Oil Plays in Norway
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Shares of several oil & gas companies are trading lower with the overall market following US and UK yield curve inversions, which have raised concerns of a recession.
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Shares of several oil & gas companies are trading higher with the overall market after the U.S. announced it is excluding and delaying the additional 10% tariff on certain products.
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Fortune Global 500 Stocks Pay Piddly Dividends, Part 1
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Stocks Unaffected Amid Report Iraq Is Close To A Pipeline Deal With BP, Eni Instead Of ExxonMobil
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Stocks That Fell Through 52-Week Lows Wednesday
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