Eni ADR Stock News

Italy's Eni confirmed on Sunday it was notified by U.S. authorities it would no longer be allowed to be repaid for gas production in Venezuela through oil supplies given by Venezuelan state oil company PDVSA.

Many investors seeking passive income have been pouring money into treasuries as interest rates have been solid for these assets.

Eni, an Italian multinational oil company, generates strong cash flow from its global asset portfolio. Despite its robust financial performance, Eni remains an undervalued investment based on its latest earnings report. The company's global portfolio and consistent cash flow generation highlight its potential for significant returns.

Versalis, the chemical division of Italian energy group Eni , on Monday opened a plant in Porto Marghera for the production of plastics made from mechanically recycled raw materials.

Italian energy group Eni has agreed to sell stakes in assets in Ivory Coast and the Republic of Congo to global energy trader Vitol for an aggregate value of $1.65 billion at January 1 2024, with cash adjustment at closing.

Italy's antitrust regulator said on Friday it had opened a probe into Eni's Plenitude unit for alleged unfair commercial practices.

Following the release of Eni Capital Market Day, we expect a positive reaction, thanks to the company lifting its CFFO payout ratio by 5pp and a plus +5% DPS. Given the fast progress made on the satellite strategy, we believe Eni should be less sensitive to Brent's price in both directions. Double digit return (dividend and buyback), discount vs peers and modest leverage make Eni a buy.

Five suitors have submitted non-binding bids for a minority stake in the carbon capture and storage (CCS) business of Italian energy group Eni , two source said.