Previous Close | 535.95 |
Open | 0.00 |
Bid | 0.00 x 24200 |
Ask | 0.00 x 300000 |
Day's Range | 535.95 - 535.95 |
52 Week Range | 340.15 - 535.95 |
Volume | |
Avg. Volume | 5 |
Market Cap | 900.053B |
Beta (5Y Monthly) | 1.03 |
PE Ratio (TTM) | 5.31 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Apr 30, 2024 |
1y Target Est | N/A |
ROME (Reuters) -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 Descalzi said on Monday. "The (sale) plan is in progress, there are still issues that are being discussed... our goal is to close by the end of this year, (talks) have accelerated," Descalzi said, when asked about the sale at a conference organised by daily Il Giornale in Milan. Reuters reported in April that the sale of minority stakes in both Enilive and bioplastic unit Novamont could fetch around 1.3 billion euros ($1.4 billion) in total and be completed by year-end.
Eni reduced net carbon emissions in the upstream sector by 40% and overall emissions by 30% last year compared with the levels of 2018, the Italian energy company said on Wednesday as it published its sustainability report. EGAS in Egypt, and ADNOC in the United Arab Emirates, to support them in the energy transition path. The state-controlled group has set a target of net-zero carbon emissions (Scope 1 and Scope 2) from upstream operations by 2030, which is part of its ultimate goal to reach carbon neutrality by 2050.
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. Such deals would expand veteran CEO Claudio Descalzi's strategy to split some of Eni's operations into separate entities, or satellites, to raise money and tap investors such as private equity firms and infrastructure funds. The carve-outs allow investors focused on oil and gas but uninterested in low-carbon activities - or vice versa - to be more precise about where they put their money.