ENI SpA : Q2 results ahead of expectations, increase in share buyback with cash yield at 14%
>Q2 2022 16% above the consensus - ENI reported its Q2 2022 results, with operating profit of € 5,841m 15%/11.5% above our and the consensus estimates. Adjusted net profit totalled € 3,808m,16% ahead of expectations, benefiting from a low effective tax rate of 38.47% due to a favourable geographic mix.E&P at the top, guidance in GGP confirmed despite risks - In E&P, adjusted operating profit was a shade above expectations at € 4,867m (vs € 4,381m 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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