Morningstar

Morningstar

Feb 24, 2023

Eni S.p.A.: Eni Announces Future Capital Expenditure and Distribution Plans After Strong Quarter of Earnings

Symbols

E

Sector(s)

Energy

Rating

Current Price

$28.95

Fair Value

Economic Moat

Stewardship

Summary

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2021, Eni held reserves of 6.6 billion barrels of oil equivalent, 49% of which are liquids. The Italian government owns a 30.1% stake in the company.

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level

Upgrade

Related Reports

CNQ: Lowering target price to $35.00

Jan 15, 2025

CNQ

CVE: What does Argus have to say about CVE?

Jan 15, 2025

CVE

MUR: Raising target price to $36.00

Jan 15, 2025

MUR

B: What does Argus have to say about B?

Jan 15, 2025

B

TRP: Lowering target price to $49.00

Jan 15, 2025

TRP

View more related reports

Analyst Profile

Allen Good

Sector Strategist

Allen Good, CFA, is an energy strategist for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, he covers the oil and gas industries. He is also a member of the Morningstar Research Services Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar.Before joining Morningstar in 2008, he performed merger and acquisition advisory work for a middle-market investment bank. Before that, he spent several years at Black & Decker in various operational roles.Good holds a bachelor’s degree in business from the University of Tennessee and a master’s degree in business administration from Kenan-Flagler Business School at the University of North Carolina. He also holds the Chartered Financial Analyst® designation.