ENI SpA : Eni revises down its long-term oil price from $ 70/b to $ 60/b and expects an impairment of € 3.5 bn in Q2 2020
>Eni revises down its commodity prices and expects impairments in Q2 2020 - Eni has just updated its outlook for 2020-2024 and its long-term commodity price scenario. It now expects Brent prices at $ 40/48/55/b in 2020/21/22 compared to $ 44/55/70/b previously and $ 60/b in 2023+ compared to $ 70/b previously which remains slightly above our scenario of $ 55/b and $ 55/b for BP but in line with RD Shell at $ 60/b. It has also revised down its natural gas price for...Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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