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.
  • TickerENI
  • ISINIT0003132476
  • SectorOil & Gas Producers
  • CountryItaly

Analysts

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/03/2019

...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : IEA report: growth demand intact, market balance close but OPEC still vigilant

>Demand growth confirmed for 2019 at +1.4mb/d - The IEA has maintained its demand growth estimates for 2019 at +1.4mb/d, vs +1.3mb/d in 2018 to reach 100.7mb/d. The agency has maintained its estimates despite the 0.2pp upgrade in world GDP growth assumptions to 3.5%. This revision does not affect emerging markets, which are the main force driving growth in oil demand. Indeed, demand continues to be dominated by non-OECD countries, with +1mb/d, at the same level as in ...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : Rapport AIE : croissance de la demande intacte, un marché proche de l’équilibre mais l’OPEP reste vigilante

>Croissance de la demande confirmée pour 2019 à +1.4 Mb/j - L’AIE a maintenu ses estimations de croissance de la demande pour 2019 à +1.4 Mb/j vs +1.3 Mb/j en 2018 pour atteindre finalement 100.7 Mb/j. L’agence a maintenu ses estimations malgré le relèvement des hypothèses de croissance du PIB mondial de 0.2 pt à 3.5%. Cette révision n’a pas touché les pays émergents, qui sont le principal moteur de la croissance de la demande de pétrole. En effet, la demande reste do...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

Eni S.p.A.: Eni's Purchase of a Stake in ADNOC Refining Is Credit Positive as It Strengthens Its Business Profile

The announced acquisition of a 20% stake in Abu Dhabi Oil Refining Company and a 20% stake in a to-be-established trading joint venture strengthens Eni's business profile.

Eni S.p.A. - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eni S.p.A.: Update following ratings downgrade driven by Italian sovereign rating action

Stronger upstream performance and conservative financial policy support Eni's Baa1 rating, but links with Italy limit the differential with the Baa3 Italian sovereign rating to two notches

Eni S.p.A. - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eni S.p.A.: Update following ratings under review for downgrade driven by Italian sovereign rating action

Stronger upstream performance and conservative financial policy support Eni's A3 rating, but links with Italy limit the differential with the Italian sovereign rating to two notches.

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : IEA report: growth demand intact, market balance close but OPEC still vigilant

>Demand growth confirmed for 2019 at +1.4mb/d - The IEA has maintained its demand growth estimates for 2019 at +1.4mb/d, vs +1.3mb/d in 2018 to reach 100.7mb/d. The agency has maintained its estimates despite the 0.2pp upgrade in world GDP growth assumptions to 3.5%. This revision does not affect emerging markets, which are the main force driving growth in oil demand. Indeed, demand continues to be dominated by non-OECD countries, with +1mb/d, at the same level as in ...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : Rapport AIE : croissance de la demande intacte, un marché proche de l’équilibre mais l’OPEP reste vigilante

>Croissance de la demande confirmée pour 2019 à +1.4 Mb/j - L’AIE a maintenu ses estimations de croissance de la demande pour 2019 à +1.4 Mb/j vs +1.3 Mb/j en 2018 pour atteindre finalement 100.7 Mb/j. L’agence a maintenu ses estimations malgré le relèvement des hypothèses de croissance du PIB mondial de 0.2 pt à 3.5%. Cette révision n’a pas touché les pays émergents, qui sont le principal moteur de la croissance de la demande de pétrole. En effet, la demande reste do...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/03/2019

...

Ahmed Ben Salem

ENI SpA : Solid growth combined with more substantial cash returns to shareholders

>E&P: long-term growth revised up with new, more profitable projects - In its strategic presentation, Eni confirmed its previous growth guidance of 3.5% for 2019e-2022e and revised it upwards from 3% to 3.5% for the 2022e-2025e period, exactly in line with our assumptions (see preview of 5 March 2019), i.e. a total increase of 30% over 2018-2025e. Growth in 2019 will nonetheless be moderate at 1.62% but will accelerate subsequently. Eni should benefit from the ramp-up...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2019

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Laurence Hofmann
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Samantha Jeary
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/03/2019

...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/12/2019

...

Ahmed Ben Salem ...
  • Antoine Boivin-Champeaux
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/03/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard
  • Martial Descoutures
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/14/2019

...

For ENI, the environment deterioration entails a downgrade to Neutral

ENI (IT), a company active in the Integrated Oil & Gas industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date January 25, 2019, the closing price was EUR 14.57 and its expected value was estimated at EUR 14.28.

Eni

Eni

Eni

Eni

MarketLine Department

OMV AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's OMV AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by OMV AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

MarketLine Department

BP Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's BP Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by BP Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

MarketLine Department

Premier Oil plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Premier Oil plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Premier Oil plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

GlobalData Department

Eni SpA (ENI) - Power - Deals and Alliances Profile

Summary Eni SpA (Eni) is an integrated oil and gas company that carries out oil and natural gas exploration, field development and production activities. It is also involved in supply, trading and shipping of natural gas, LNG, electricity and fuels. The company has operations in Italy, Cyprus, the UK, Portugal, Algeria, Egypt, Gabon, Nigeria, Russia, Venezuela and other countries. Through its refineries, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and allied products. The company commercializes these products through wholesalers and retail networks. It h...

Eni SpA (ENI) - Power - Deals and Alliances Profile

Summary Eni S.p.A. (Eni) is an integrated oil and gas company, which carries out oil and natural gas exploration, field development and production activities. It also involves in supply, trading and shipping of natural gas, LNG, electricity and fuels. The company manages developed and undeveloped acreage in Italy, Cyprus, the UK, Portugal, Algeria, Egypt, Gabon, Nigeria, Russia, Venezuela and other countries. Through its refineries, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and allied products. The company commercializes these products through wholesal...

Eni SPA – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 10/05/2018

In item 3, shareholders are called to an advisory vote on the remuneration policy adopted by the Company for executive Directors and other executives with strategic responsibilities. The level of disclosure is high, as all performance conditions are disclosed, including the ex-post disclosure of the level of achievement of targets, and targets related to the performance share plan are quantified. We regret that the maximum variable remuneration exceeds out voting policy limit of 300% of the base salary (the CEO's variable remuneration is capped at 477% of his base salary, of which 146% linked ...

Matthieu DRIOL

Short term view - ENI : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €16.668.

Matthieu DRIOL

Analyse court terme - ENI : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 16,668 €.

Matthieu DRIOL

Short term view - ENI : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €14.713.

Matthieu DRIOL

Analyse court terme - ENI : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 14,713 €.

Matthieu DRIOL

Analyse moyen terme - ENI : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 14,243 €.

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