Eni SpA (E) Stock

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.

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.

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.

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.

Lower throughputs and average liquids' price realization hurt Eni's earnings in Q3.

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.

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.

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.

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.