ENI SpA : CMD feedback – Disposals and discipline on capex to control debt and increase the dividend
>E&P: the group’s strong point with growth revised down following the disposals - At the CMD on Thursday, ENI lowered its production guidance for 2024-2027 from 3-4% to 2% to take into account the forthcoming planned disposals. The group expects ~€ 8bn in disposals during the plan though it did not provide precise details on the types of disposals. They will most likely affect E&P but probably also other divisions. Production will therefore go from 1.66 Mboe/d in ...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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