Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Borsa Italiana  >  Eni S.p.A.    ENI   IT0003132476

ENI S.P.A.

(ENI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Eni S p A : to invest $7 billion in Angola over next four years

04/07/2021 | 12:57pm EDT
FILE PHOTO: FILE PHOTO: Eni's logo is seen in front of its headquarters in San Donato Milanese

MILAN (Reuters) - Italian energy group Eni plans to spend around $7 billion in Angola over the next four years along with its partners in a country it sees as key to its future growth strategy.

The money will be invested by Eni and its joint venture partners in the country in exploration and production, refining and solar energy.

The plans were discussed in a meeting between Angolan President Joao Lourenco and Eni CEO Claudio Descalzi on Tuesday, and confirmed by Eni on Wednesday.

Eni, which has been in Angola since 1980, currently produces around 120,000 barrels of equity oil equivalent per day (boe) in the country.

On Tuesday it announced a new offshore light oil discovery in its Block 15/06 where it has discovered over two billion boe since 2018.

Besides its oil and gas activity, Eni is building a solar power plant in the country, which is expected to start operating in 2022, and jointly runs the Luanda Refinery with state oil giant Sonangol.

Angola has been working to improve the investment environment by amending legal and fiscal terms.

Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.

(Reporting by Stephen Jewkes; Editing by Pravin Char)


© Reuters 2021
All news about ENI S.P.A.
04/13ENI S P A† : Exane BNP Paribas Upgrades ENI SpA to Neutral From Underperform
MT
04/13ENI† : JP Morgan keeps a Sell rating
MD
04/12ENI S P A† : Upgraded to Neutral From Underperform by Credit Suisse as Firm Rais..
MT
04/12ENI S P A† : Jefferies Upgrades ENI to Buy From Hold
MT
04/12ENI† : Upgraded to Neutral by Credit Suisse
MD
04/12Eni Acquires Block 115/09 in Vietnam From KrisEnergy
DJ
04/12ENI† : Raised to Buy by Jefferies
MD
04/09US Oil Rig Count Stays at One-Year High, Baker Hughes Says
MT
04/09Sanctions-hit Venezuelan facility completes offloading of stored crude
RE
04/07ENI S P A† : to invest $7 billion in Angola over next four years
RE
More news
Financials
Sales 2021 57 600 M 69 004 M 69 004 M
Net income 2021 2 316 M 2 774 M 2 774 M
Net Debt 2021 17 135 M 20 528 M 20 528 M
P/E ratio 2021 15,8x
Yield 2021 6,51%
Capitalization 37 469 M 44 862 M 44 887 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,89x
Nbr of Employees 31 495
Free-Float 67,0%
Chart ENI S.P.A.
Duration : Period :
Eni S.p.A. Technical Analysis Chart | ENI | IT0003132476 | MarketScreener
Technical analysis trends ENI S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 11,16 €
Last Close Price 10,49 €
Spread / Highest target 33,5%
Spread / Average Target 6,44%
Spread / Lowest Target -23,7%
EPS Revisions
Managers and Directors
NameTitle
Claudio Descalzi Chief Executive Officer, Director & GM
Francesco Gattei Chief Financial Officer
Lucia Calvosa Chairman
Francesca Zarri Director-Technology, Research & Development
Luca Franceschini Secretary & Director-Integrated Compliance
Sector and Competitors
1st jan.Capitalization (M$)
ENI S.P.A.19.63%43 585
SAUDI ARABIAN OIL COMPANY1.43%1 889 458
ROYAL DUTCH SHELL PLC11.21%146 494
TOTAL SE7.29%118 824
PETROCHINA COMPANY LIMITED15.83%112 613
GAZPROM5.67%69 305