In my dividend growth portfolio, the European oil major Eni (NYSE: E ) has found its place for two reasons: I believe we live in a world where the energy demand is so great that we will I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low ...

Eni SpA (E) , Italy's leading oil and gas company, has made a significant stride in its environmental efforts with the publication of its first dedicated "Methane Report 2024." The report was released during the IEA-COP29 High-Level Event on Turning Methane Pledges Into Action in New York. This report represents a milestone in Eni's ongoing mission to reduce global methane emissions, emphasizing transparency and industry-wide collaboration. Eni's Methane Reduction Efforts in the Oil & Gas Sector E's report ...

Eni SpA (E) , Italy's leading oil and gas company, is in discussions with several investment funds about selling a minority stake in its renewable and retail business, Plenitude, per a Reuters report. This potential sale would mark another step in Eni's ongoing strategy to attract specialized investors to support its energy transition efforts. Earlier this year, in March, Eni completed the sale of 7.6% of Plenitude to Energy Infrastructure Partners ("EIP"). The ongoing talks between Eni and the potential in ...

Core Viewpoint - Eni SpA is undergoing a significant reorganization to enhance growth, operational efficiency, and support its sustainable energy transition efforts [1][6] Group 1: Reorganization Structure - Eni's new structure will consist of three key areas, each led by a COO reporting to CEO Claudio Descalzi [3][4][5] - The Transition and Financial area will focus on financial strategy and oversee renewable energy units Plenitude and Enilive [3] - The Global Natural Resources unit will integrate power generation, marketing operations, and oil trading activities [4] - The Industrial Transformation unit will manage the restructuring of Eni's chemical business and downstream refining activities [5] Group 2: Strategic Goals - The reorganization aims to unlock value in Eni's satellite companies through partnerships and potential public listings [2] - Eni's leadership emphasizes the importance of the new structure in achieving strategic goals related to renewable energy and sustainable practices [6][7] - The restructuring is seen as a pivotal moment in Eni's journey toward becoming a leader in the energy transition [7]

Eni SpA (E) , Italy's leading oil and gas company, is set to begin construction of its third biorefinery in Italy, Livorno, after receiving final approval from the Italian Ministry of the Environment and Energy Security. The authorization, issued in collaboration with the Ministry of Culture and based on recommendations from the National Institute of Health and Tuscany's regional government, marks a significant step forward in Eni's ambitious decarbonization strategy. The Environmental Impact Assessment, su ...

Core Insights - Eni SpA and SOCAR have signed three Memorandums of Understanding to enhance energy security, reduce greenhouse gas emissions, and strengthen the biofuel production chain [1][5] Group 1: Hydrocarbon Exploration and Production - The first MoU focuses on expanding cooperation in hydrocarbon exploration and production, aimed at strengthening energy security in Europe, particularly Italy [2] - This collaboration is crucial for ensuring stable energy supplies in Europe amid global market fluctuations [2] Group 2: Greenhouse Gas Emissions Reduction - The second MoU targets the reduction of greenhouse gas emissions in Azerbaijan's upstream sector through advanced technologies [3] - It includes evaluating carbon capture, utilization, and storage (CCUS) solutions, which are essential for mitigating industrial emissions [3] - The agreement also outlines plans for renewable energy development projects in Azerbaijan, aligning with global decarbonization trends [3] Group 3: Biofuel Production Chain - The third MoU aims to foster cooperation in the biofuel production chain, focusing on energy crops and converting traditional refineries into biorefineries [4] - These initiatives are in line with Eni's decarbonization strategy and its goal of producing sustainable energy in the Caucasus region [4] Group 4: Strategic Context - These agreements are part of the ongoing cooperation between Eni and SOCAR leading up to the United Nations Climate Change Conference COP29, scheduled for November 2024 in Azerbaijan [5] - They also support Eni's long-term strategy to achieve carbon neutrality by 2050, reinforcing its commitment to addressing climate change while ensuring energy security for Europe [5]

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

Core Viewpoint - Eni SpA has received approval from Indonesian authorities to develop two offshore fields, establishing a new gas and condensates production hub in the Kutei Basin, which will significantly enhance its gas production capacity and expand its presence in the Asian market [1][7]. New Production Hub in the Kutei Basin - The integrated development involves the Geng North and Gehem fields, collectively forming the "Northern Hub," tapping into 5 trillion cubic feet (tcf) of gas and 400 million barrels of condensates from Geng North and 1.6 tcf of gas from Gehem [2]. - The project includes the installation of subsea wells, flowlines, and a floating production storage and offloading (FPSO) unit capable of handling approximately 1 billion cubic feet per day (bcf/d) of gas and 80,000 barrels of condensates per day, with a storage capacity of 1 million barrels [3]. Gas and Condensates Management - Gas produced will be processed on the FPSO and transported to onshore facilities at the Santan terminal, integrated into the East Kalimantan pipeline network, and partially liquefied at the Bontang LNG facility for export [4]. Expansion of Existing Operations - Indonesian authorities have also approved the development plan for the Gendalo & Gandang fields, estimated to hold 2 tcf of gas reserves, extending the production plateau by at least 15 years [5]. Strategic Milestone for Eni - Eni aims to establish a production capacity of approximately 2 bcf/d of gas and 80,000 barrels per day of condensates in East Kalimantan, catering to both domestic and international markets [6]. - The approval of the Northern Hub and Gendalo & Gandang development plans is seen as a critical step toward final investment decisions, aligning with Eni's goals of decarbonization and energy security [7]. Future Exploration Plans - Eni plans to conduct a drilling campaign over the next four to five years to explore near-field potential within its operated blocks in the Kutei Basin, estimated to contain more than 30 tcf of gas [8]. Collaborative Efforts and Outlook - Eni holds an 83.3% stake in the North Ganal Block and an 82% stake in the Ganal and Rapak blocks, collaborating closely with SKK Migas, Indonesia's oil and gas regulator, to achieve these milestones [9]. - These projects are expected to boost local content, increase utilization of the Bontang LNG plant's capacity, and secure gas supply for domestic consumption [9]. Contribution to Energy Security - Through these strategic initiatives, Eni is set to strengthen its role in the global energy market while contributing to Indonesia's energy security and economic development [10].

Core Viewpoint - Eni SpA has initiated gas production from the Argo Cassiopea field, which is expected to significantly enhance Italy's energy supply and security [1]. Production Details - Initial test production has commenced from one of the four subsea wells drilled recently, with plans to gradually bring the remaining wells and infrastructure online in the coming months [2]. - The gas is transported via a 60 km subsea pipeline to the Gela processing plant, where it is integrated into the national grid [3]. Environmental Impact and Emissions - Eni has implemented environmentally sustainable practices, conducting operations underwater to minimize visual impact and achieve near-zero emissions [4]. - A 3.6 MWp photovoltaic panel installation is dedicated to achieving carbon neutrality for the project's Scope 1 and 2 emissions [4]. Strategic Importance - The Argo Cassiopea project, operated in partnership with Energean, aims to increase the use of domestic natural gas, with reserves estimated at approximately 10 billion cubic meters and peak production expected to reach 1.5 billion cubic meters annually [5]. - This development enhances Italy's energy independence and aligns with Eni's low-emission goals [5][6].

Total quarterly revenues of $24.8 billion increased from $21.6 billion recorded a year ago. However, the top line missed the Zacks Consensus Estimate of $25.7 billion. Eni operates through four business segments — Exploration & Production, Global Gas & LNG Portfolio, Enilive Refining and Chemicals, and Plenitude & Power. Liquids production totaled 777 thousand barrels per day (MBbl/d), up 3% from the year-ago quarter's 757 MBbl/d. Natural gas production increased to 4,888 million cubic feet per day from 4,4 ...