ENI SpA : CMD feedback –growth in production and capex with shareholder returns simplified but less significant than expected
>Longer production plateau and capex growth but decarbonisation targets intact - At yesterday’s CMD, Eni upgraded its production guidance for 2023-2026 from 3% to 3-4% with a lower base following the problems seen in 2022, notably in Nigeria. Eni also indicated that this production is expected to plateau in 2030 vs 2025 previously, coupled with capex growth of 15%, with an increase to € 9.25bn p.a., which is above expectations. This decision relates to the group’s ...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.