Eni SpA (E) News & Sentiment

On Friday, Italy's antitrust authority announced that it has started an investigation into Eni's Plenitude division for suspected unfair business practices.

After the Eni Capital Market Day, we anticipate a favorable response because the company has increased its CFFO payout ratio by 5 percentage points and raised its DPS by 5%. With the rapid advancements in its satellite strategy, we think Eni will be less affected by changes in Brent's price. The potential for double-digit returns from dividends and buybacks, along with a lower valuation compared to competitors and manageable debt levels, makes Eni a good investment.

Ghana's oil and gas industry is improving as Eni and GNPC work together to enhance production, search for new reserves, and maintain sustainable output.

In the fourth quarter, E's earnings were negatively affected by lower production levels and average prices for liquids.

On Thursday, the Italian energy company Eni announced that its adjusted net profit for the fourth quarter dropped by 46% compared to last year. This decline was due to lower energy prices and ongoing challenges in its refining and chemicals sectors.

On Thursday, the Italian energy company Eni announced that it has signed a memorandum of understanding with Malaysia's state energy company, Petroliam Nasional Bhd (Petronas). This agreement is to form a joint venture that will manage certain upstream assets in Indonesia and Malaysia.

Investors looking at energy stocks should pay attention to the earnings reports for the fourth quarter of 2024 from OII, PUMP, E, and NOG.

On Monday, the Italian energy company Eni made an agreement to export gas from Cyprus' offshore reserves through Egypt. They described this deal as a significant step towards establishing a gas hub in the eastern Mediterranean.

E has recently completed the construction of its Guajillo plant, which is now the biggest battery storage facility for the company. It features lithium-ion LFP batteries.