Eni SpA’s (E) low-carbon and retail unit, Plenitude, has embarked on a groundbreaking project by initiating the construction of the Renopool solar park in Badajoz, Spain.This ambitious venture marks the company’s largest solar project globally, boasting an impressive capacity of 330 megawatts peak.The Renopool project, comprising seven solar farms, is set to generate 660 gigawatt-hours of electricity annually. This will meet the energy needs of 200,000 households, showcasing the project’s significant scale ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Eni SpA (E) , a leading global energy company, has reaffirmed its dedication to low-carbon energy research by extending its membership in the MIT Energy Initiative (“MITEI”) until the end of 2027. This four-year agreement, revealed last week, underscores Eni's commitment to technological innovation that is crucial for achieving net-zero emissions.Eni's collaboration with MITEI is expected to prioritize the development of low and zero-carbon solutions, targeting key challenges across the energy value chain. ...

Eni SPA (E) received a significant boost in its decarbonization efforts in the United Kingdom, with the government granting a Development Consent Order (“DCO”) for the HyNet North West carbon dioxide (CO2) pipeline.The decision enables Eni to proceed with constructing, operating, and maintaining a crucial infrastructure aimed at transporting CO2 from various capture plants to safe storage locations.The HyNet North West project is a groundbreaking initiative, marking the first Anglo-Welsh cross-border applic ...

Eni SpA (E) unveiled a comprehensive capital market update, outlining its strategic plans for the period 2024-2027, on Thursday. Let's delve into the details of Eni's ambitious initiatives.Shareholder Rewards and Distribution PolicyEni intends to initiate a share buyback program amounting to approximately euro 1.1 billion (approximately $1.2 billion) and increase its dividend to euro 1 per share for the current fiscal year. This move accompanies an expansion of its shareholder distribution policy to 30-35% ...

Eni S.p.A (E) , the Italian energy giant, has made a significant hydrocarbon discovery in Block CI-205, off the coast of Côte d’Ivoire. In a meeting held in Abidjan, the President of the country, Alassane Ouattara, and Eni’s CEO, Claudio Descalzi, discussed the company’s activities in the country along with the success of the exploratory well Murene 1X on the discovery, named Calao. The meeting was also attended by Côte d’Ivoire’s prime minister, Robert Beugré Mambé, and the minister of Mines, Petroleum and ...

Eni SpA (E) reported fourth-quarter 2023 diluted earnings per share of 5 cents, which declined from the year-ago quarter’s 21 cents.Total quarterly revenues of €25 billion declined from the €31.8 billion recorded a year ago.Quarterly earnings resulted from lower average realized commodity prices.Operational PerformanceThe company operates through four business segments — Exploration & Production, Global Gas & LNG Portfolio, Enilive Refining and Chemicals, and Plenitude & Power.Exploration & ProductionThe to ...

Eni S.p.A. (NYSE:E) Q4 2023 Q4 2023 Earnings Conference Call February 16, 2024 8:00 AM ET Company Participants Claudio Descalzi - Chief Executive Officer Francesco Gattei - Chief Financial Officer Cristian Signoretto - Deputy Chief Operating Officer, Natural Resources Guido Brusco - Chief Operating Officer, Natural Resources Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Adriano Alfani - Chief Executive Officer, Versalis Conference Call Participants Biraj Borkhataria - Royal Bank of Ca ...

Eni SPA (E) has completed the acquisition of the U.K.-based independent Neptune Energy in a deal valued at $4.9 billion.The acquisition encompasses Neptune Energy’s extensive portfolio, excluding its operations in Norway and Germany. Eni's Norwegian subsidiary, Vaar Energi, acquired Neptune Energy’s assets in Norway.Vaar Energi acquired Neptune Energy's business in Norway separately before the completion of the overall transaction. Activities in Germany were carved out and will continue to be owned and oper ...

Eni SpA (E) confirmed its decision to establish Italy’s third bio-refinery in Livorno, marking a significant step in the company’s commitment to decarbonization and meeting ambitious environmental targets.Eni is set to convert its existing 84,000-barrel-per-day conventional crude oil refinery in Livorno into Italy's third biorefinery. The Livorno refinery’s transformation aligns with the company’s broader goal of achieving carbon neutrality by 2050 and increasing its bio-refining capacity from 1.65 million ...