Report
Ahmed Ben Salem

ENI SpA : Set for more ambitious carbon neutrality and better returns to shareholders

>Natural resources: production capped at 2.1 Md/d vs 2.3 Mb/d initially - In its strategy presentation, the group outlined its ambitions for the natural resources division which includes E&P, LNG and carbon capture. In E&P, ENI announced that after declining 7% in 2020, production should stabilise in 2021 and then grow by 4% per year on average but now plateau at 2.1 Mb/d in 2024, i.e. 200 kb/d less than in the previous plan. Production has been affected by Libya, w...
Underlying
Eni S.p.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

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