ENI SpA : Q2 earnings well above expectations, ENI keeps its promise on the increase in dividends and launch of share buybacks
>Q2 2021 results beat the consensus by 26% at the operational level - Q2 2021 EBIT was € 2,045m, i.e. 26% above our forecast and the consensus (ODDO BHF: € 1,638m, consensus: € 1,620m). Adjusted net profit was € 929m, 63% above the consensus (ODDO BHF: € 571m, consensus: € 570m) benefiting from a lower tax rate at 47.4% vs 75% in Q1 due to a more favourable geographic mix and the group has confirmed its guidance for 55-60% for the full year. E&P benefited...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.