Eni is a global energy company based in Italy, primarily engaged in the exploration, production, and distribution of oil and natural gas. The company operates across several segments, including upstream activities that involve discovering and extracting hydrocarbons, as well as downstream operations that encompass refining, marketing, and selling a wide range of petroleum products. Eni also invests in renewable energy sources and technologies, reflecting its commitment to sustainable development and the transition toward a low-carbon economy. Through its extensive portfolio and international presence, Eni aims to meet the world's growing energy demands while promoting environmental stewardship and innovation in the energy sector. Read More
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at sit-down dining stocks, starting with Red Robin (NASDAQ:RRGB).
ENI reported decrease in Q4 pro forma adjusted EBIT and net profit. Hydrocarbon production increased while E&P and GGP segment earnings declined. CEO highlights progress in asset sales and exploration. Company completed buyback program and saw decrease in operating cash flow.
KKR to acquire 5% stake in Enilive for €587.5 million, bringing their total ownership to 30%. This investment will enhance Eni's capital structure and support their push for energy transition. KKR also acquired a stake in Employment Hero from SEEK Investments.
Today's Research Daily features new research reports on 16 major stocks, including Shopify Inc., The Sherwin-Williams Co., and Fortinet, Inc., as well as a micro-cap stock Hamilton Beach Brands Holding Co.
Eni S.p.A. trading higher after selling Alaska assets for $1 billion. Sale aligns with strategy to streamline portfolio and reach €8 billion inflow goal by 2025.
Last week’s pullback has investors looking for stocks to buy. One of the most popular sectors for investors to look at is the energy sector. Most of us spend more money and time at gas stations than we’d like to.
Shell PLC and ENI lead funding round for Mantel Capture, a carbon capture tech startup using molten salts to extract 95% of emissions from industrial sites.
Eni extends agreement with Vår Energi to supply up to 5 bcm of gas between 2024 and 2036, demonstrating commitment to being a reliable energy supplier.
Italian oil company Eni plans to spin-off interests in oil and gas projects to focus on low-carbon activities. It also aims to raise funds through deals and divestitures.
Eni reportedly plans to sell minority stakes in biofuel and bio-plastic units, aiming for EUR1.3B. It may also set up separate entities for greener businesses.
