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Eni SpA (E.N)

E.N on New York Stock Exchange

19.62USD
30 Nov 2020
Change (% chg)

$-0.82 (-4.01%)
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$20.44
Open
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$19.62
Volume
90,507
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67,269
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$32.18
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$12.12

Latest Key Developments (Source: Significant Developments)

Eni and Hera Units To Set Up JV For Industrial Waste Management In Ravenna, Italy
Friday, 20 Nov 2020 

Nov 20 (Reuters) - Eni SpA ::UNIT ENI REWIND AND HERA'S UNIT HERAMBIENTE SIGN DEAL TO SET UP JOINT VENTURE.JOINT VENTURE TO CREATE MULTIFUNCTIONAL PLATFORM FOR PRE-PROCESSING AND PROCESSING OF SPECIAL WASTE IN INDUSTRIAL AREA OF RAVENNA, ITALY.  Full Article

Eni Launches Pilot Plant For Biofixation Of Carbon Dioxide
Thursday, 12 Nov 2020 

Nov 12 (Reuters) - Eni SpA ::DEVELOPS INNOVATIVE TECHNOLOGY TO FIX THE CO2 USING ARTIFICIAL LIGHT.PILOT PLANT STARTED UP AT ENI RESEARCH CENTER IN NOVARA, ITALY.  Full Article

Eni Joins Ocean Energy Europe (OEE) And Its Board
Tuesday, 3 Nov 2020 

Nov 3 (Reuters) - Eni SpA ::ENI JOINS, AS LEAD PARTNER, OCEAN ENERGY EUROPE (OEE) AND THE BOARD OF DIRECTORS OF THE ORGANISATION.  Full Article

Eni Q3 Adj. Net Loss At EUR 153 Mln
Wednesday, 28 Oct 2020 

Oct 28 (Reuters) - Eni SpA ::Q3 ADJUSTED NET LOSS EUR 153 MILLION VERSUS LOSS EUR 0.18 BILLION IN CONSENSUS PROVIDED BY COMPANY.Q3 PRODUCTION 1,70 KBOE/D VERSUS 1,703 KBOE/D IN CONSENSUS PROVIDED BY COMPANY.Q3 ADJUSTED OPERATING PROFIT EUR 537 MILLION VERSUS PROFIT EUR 0.10 BILLION IN CONSENSUS PROVIDED BY COMPANY.Q3 NET CASH FROM OPERATIONS EUR 1.46 BILLION.OUTLOOK FOR FOURTH QUARTER OF 2020 CONFIRMS THE TRENDS RECORDED IN Q3.PLANNED FOR 2021 REDUCTION IN COSTS OF € 1.4 BILLION AND INVESTMENTS OF € 2.4 BILLION.CAPEX MOVE FOR 2020/21 TO BE FOCUSED ALMOST EXCLUSIVELY ON UPSTREAM.AGREEMENTS ADVANCED DURING THE YEAR ON GROSS DISPOSALS OF APPROXIMATELY € 1 BILLION.CONFIRMED 2020 PRODUCTION TARGET WITHIN THE RANGE OF 1.72-1.74 MBOE/D INCLUDING OPEC+ CUTS, IN LINE WITH WHAT PREVIOUSLY ANNOUNCED, BASED ON CAPEX CURTAILMENTS IN RESPONSE TO COVID-19 CRISIS.ENI FORESEES FOR 2022/23 MORE INVESTMENTS FOR AROUND EUR 800 MILLION ON GREEN BUSINESS.IN 2020, INVESTMENT OPTIMIZATIONS OF €2.6 BILLION (FOR A TOTAL REDUCTION OF 35% COMPARED TO THE ORIGINAL PLANS); COST OPTIMIZATIONS OF €1.4 BILLION.AT SEPT 30, COMPANY CAN COUNT ON LIQUIDITY RESERVE OF APPROXIMATELY €17.4 BILLION.  Full Article

Eni CEO: bio refinering returns can be 14-16%
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - Eni SpA ::ENI CEO SAYS BIO REFINERY RETURNS ON INVESTMENT CAN BE 14-16%.ENI CEO SAYS SAYS GAS FROM MOZAMBIQUE PROJECT WILL BE NEEDED.ENI CEO SAYS MOZAMBIQUE GAS PROJECT HAS VERY GOOD COST BASE.  Full Article

Eni To Issue Hybrid Bonds For Up To EUR 5 Bln
Thursday, 1 Oct 2020 

Oct 1 (Reuters) - Eni SpA ::BOARD APPROVED POSSIBLE ISSUE OF ONE OR MORE HYBRID SUBORDINATED BONDS FOR MAXIMUM VALUE OF EUR 5 BILLION.HYBRID SUBORDINATED BONDS TO BE ISSUED IN ONE OR MORE TRANCHES BY 30 JUNE 2022.  Full Article

Falck Renewables And Eni US Sign Deal To Acquire Wind Projects In The US
Thursday, 27 Aug 2020 

Aug 27 (Reuters) - Falck Renewables SpA , Eni SpA ::FALCK RENEWABLES AND ENI US SIGN DEAL TO ACQUIRE 62 MW OF OPERATING WIND AND SOLAR AND UP TO 160 MW WIND DEVELOPMENT PIPELINE IN THE UNITED STATES.WHOLLY OWNED SUBSIDIARY OF NOVIS WILL ACQUIRE EQUITY OF ALL PROJECTS, DEVELOPMENT ASSETS, AND OTHER ACTIVITIES OF BEHUS FOR $32.5 MILLION.CLOSING IS FORESEEN BY YEAR END.  Full Article

Eni And ASSTRA Enter Partnership To Promote Decarbonized Mobility
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Eni SpA ::ENI AND ASSTRA ENTER PARTNERSHIP TO PROMOTE SUSTAINABLE AND DECARBONIZED MOBILITY.ASSTRA IS THE NATIONAL ASSOCIATION OF LOCAL PUBLIC TRANSPORT COMPANIES IN ITALY.  Full Article

Eni Q2 Adj. Net Loss At EUR 714 Mln
Thursday, 30 Jul 2020 

July 30 (Reuters) - Eni SpA ::Q2 ADJUSTED NET LOSS EUR 714 MILLION VERSUS LOSS EUR 0.93 BILLION IN CONSENSUS PROVIDED BY COMPANY.Q2 ADJUSTED OPERATING LOSS EUR 434 MILLION VERSUS LOSS EUR 0.65 BILLION IN CONSENSUS PROVIDED BY COMPANY.Q2 NET CASH FROM OPERATIONS EUR 1.40 BILLION.Q2 PRODUCTION 1,713 KBOE/D VERSUS 1,692 KBOE/D IN CONSENSUS PROVIDED BY COMPANY.2020 EBIT ADJUSTED MID-DOWNSTREAM (G&P, R&M WITH PRO-FORMA ADNOC AND VERSALIS): €0.8 BILLION.EXPECTED PRODUCTION OF 1.71–1.76 MBOE/D IN 2020 INCLUDING OPEC+ CUTS.  Full Article

Eni Updates Dividend In Light Of COVID-19
Thursday, 30 Jul 2020 

July 30 (Reuters) - Eni SpA ::ACTIONS AGAINST COVID-19 PANDEMIC EFFECTS AND CONSEQUENT MARKET VOLATILITY CONTINUE.IN 2020, INVESTMENTS OPTIMIZATION OF 2.6 BILLION EUROS (VERSUS 2.3 BILLION EUROS ALREADY ANNOUNCED), COSTS OPTIMIZATION OF 1,4 BILLION EUROS.IN 2021, COSTS REDUCTION OF 1.4 BILLION EUROS AND INVESTMENTS DECREASE OF 2.4 BILLION EUROS.PRODUCTION PROFILE REVIEWED AND EXPECTED TO REACH AROUND 2 MILLION BARRELS OF OIL EQUIVALENT PER DAY IN 2023, RISING TO PEAK OF AROUND 2.05-2.10 MILLION BARRELS OF OIL EQUIVALENT PER DAY IN 2025.ADDITIONAL INVESTMENTS OF 800 MILLION EUROS IN 2022 AND 2023 ALLOCATED TO BIO-REFINERIES PROJECTS, RENEWABLES AND RETAIL CUSTOMERS GROWTH STRATEGY.ENI CEO SAYS "WE HAVE REVIEWED OUR STRATEGY BY REDUCING OUR SPENDING IN COSTS AND INVESTMENTS FOR THE 2020-2021 PERIOD, WHICH WILL BE THE MOST CRITICAL".ENI CEO SAYS REVISION WILL IMPLY THAT UPSTREAM PRODUCTION PROFILE WILL CHANGE.ENI CEO SAYS TARGETS ALREADY SET FOR THE OTHER BUSINESSES COULD BE RELAUNCHED THANKS TO ALLOCATION OF NEW ADDITIONAL RESOURCES.ENI CEO SAYS DIVIDEND WILL NO LONGER BE A FIXED AMOUNT, IN AN ENVIRONMENT INCREASINGLY SUBJECT TO HIGH VARIABILITY.25%-30% OF COST REDUCTION IDENTIFIED FOR 2020 AND 2021 WILL BE STRUCTURAL.ALL THE OTHER 2023 TARGETS RELATED TO THE ENERGY TRANSITION BUSINESSES ARE CONFIRMED.REVIEWED ITS SHAREHOLDERS' REMUNERATION POLICY IN ORDER TO GIVE THEM MAXIMUM VISIBILITY ON DIVIDENDS PAYMENTS AND FUTURE BUY BACK PLAN.  Full Article

UPDATE 1-Eni declares force majeure on Nigeria Brass River crude exports

LONDON, Nov 24 Eni declared force majeure on exports of Nigerian Brass River crude oil following pipeline explosions in Bayelsa state, the company said on Tuesday.