Eni puzzle

Eni’s new reality in the trading market In keeping with Eni’s overall strategy in respect of the global energy transition, starting from January 1, 2021, Eni Trade & Biofuels SpA ("ETB"), fully owned by Eni SpA, will be the sole entity responsible for the international trading of crude oil, petroleum products, bio-fuels and related financial derivatives for the Eni group.In particular, ETB will be responsible for marketing Eni’s oil equity productions, sourcing hydrocarbon and bio feedstock and marketing the resulting productions of its traditional and green refineries and of its petrochemical arm Versalis.ETB’s activities further include the sourcing and management of maritime transportation and logistic services, and the provision of oil risk management services, for itself and on behalf of the whole Eni group, by trading commodity derivatives on the main regulated and over the counter markets.ETB’s integration with the wider Eni businesses ensures a global and integrated approach that is further reinforced by Eni's relationships and broad portfolio of global assets. Continue reading Reduce Modello 231 Eni Trade and Biofuels SpA has adopted its own Model of Organization, Management and Control in accordance with Legislative Decree no. 231 of June 8, 2001 (the "Model 231"). Document available below. Below you can find the Brexit-compliant references relevant to our activities related to Eni Trade & Biofuels S.p.A. - UK Establishment:Eni Trade & Biofuels S.p.A.Eni House, 10 Ebury Bridge Road, London SW1W 8PZUK establishment number: BR022620Head Office: Piazzale Enrico Mattei n. 1 – 00144 – ROME - ITALYRegistered at Chamber Of Commerce, Industry, Handicrafts And Agriculture Of RomaRegistration number: RN - 1609163Joint Stock Company - Public Company Limited by Shares Continue reading Reduce Activities ETB is the trading arm of the Eni group for crude oil, petroleum products and bio-fuels; on the 1st of January 2021 ETB completed the acquisition of Eni Trading and Shipping S.p.A. activities and related shipping services.ETB relies on a team of about 250 people distributed in three offices (Rome, London and Singapore) with the addition in Houston of Eni Trading & Shipping Inc. (ETS Inc) which handles marketing of oils and petroleum products for the US market.ETB, together with ETS Inc., ensures a global presence on the international markets.The ETB team is made up of motivated and highly qualified people who:ensure in-depth knowledge of the energy commodities and financial markets;take advantage of the vast experience gained previously in Eni group;have access to a broad background of

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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 operated by existing Neptune Energy shareholders as a standalone group. Neptune Energy operates primarily in the U.K. and Norway, focusing on natural gas production. The company also has a presence in the Netherlands, Germany, Algeria, Egypt and Indonesia. Eni's acquisition aligns with its goal of integrating a high-quality, low-carbon-intensity portfolio, offering geographic and operational complementarity. The deal also includes Neptune Energy's participation in the Eni-operated Geng North-1 gas discovery offshore Indonesia, along with projects in Western Europe, Australia and North Africa. The transaction brings substantial benefits to Eni, including increased gas production in North Africa and potential carbon capture and storage opportunities in Northern Europe. Eni will assume the operatorship of the Cygnus Field off the U.K. as part of the acquired assets. Notably, Neptune Energy reported an 80% increase in profits in 2022 and produced approximately 139,100 barrels of oil equivalent per day in the third quarter of 2023, with a predominant focus on natural gas. The acquisition marks a significant shift in the trend among European oil majors, which have generally been more inclined to divest oil and gas assets in a bid to reduce carbon emissions and transition toward renewables. Eni's move stands out as one of the largest oil and gas deals in recent years, signaling a strategic expansion of its natural gas business. Eni, a prominent player in the energy sector, plans to make more than 90% of its fuel from gas by 2050, reducing crude production and cutting its carbon footprint. The Neptune Energy acquisition is a significant step toward achieving these goals, strengthening Eni's role in the changing energy sector. Eni currently carries a Zacks Rank #3 (Hold). Investors interested in the energy sector may look at some better-ranked companies mentioned below. The three companies presently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Unlock stock picks and a broker-level newsfeed that powers Wall Street. In This Article: Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand Eni S.p.A. (BIT:ENI). Our data shows Eni has a return on equity of 4.8% for the last year. Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.05. See our latest analysis for Eni The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Eni: 4.8% = €2.4b ÷ €51b (Based on the trailing twelve months to September 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. It is the capital paid in by shareholders, plus any retained earnings. You can calculate shareholders' equity by subtracting the company's total liabilities from its total assets. ROE looks at the amount a company earns relative to the money it has kept within the business. The 'return' is the yearly profit. A higher profit will lead to a higher ROE. So, as a general rule, a high ROE is a good thing. That means ROE can be used to compare two businesses. One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. If you look at the image below, you can see Eni has a lower ROE than the average (10%) in the Oil and Gas industry classification. BIT:ENI Past Revenue and Net Income, December 3rd 2019 That's not what we like to see. It is better when the ROE is above industry average, but a low one doesn't necessarily mean the business is overpriced. Nonetheless, it might be wise to check if insiders have been selling. Companies usually need to invest money to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. That will make the ROE look better than if no debt was used. While Eni does have some debt, with debt to equity of just 0.47, we wouldn't say debt is excessive.

Professional, cultural and gender experiences;work with passion, determination and are oriented towards excellence;guarantee reliability, speed and flexibility in achieving the assigned objectives;share the values ​​of integrity, transparency and social responsibility. Principles that are the basis of our work, in compliance with the law, our Code of Ethics and Eni's regulatory system;undertake to achieve best practices in the application of Eni's regulatory system, with particular attention to Anti-Corruption, Antitrust, HSEand Market Abuse regulations and in compliance with the applicable laws on economic and financial sanctions. Continue reading Reduce The different activities of the company dedicated to international trading Global management of the international trading of crude oil, oil products, bio raw materials for the production of biofuels and related financial derivatives for the Eni Group. Trading Shipping Vetting Trading The trading activities of ETB are focused on maximising the value of Eni equity crude oil productions and Green/Traditional Refinery and Marketing’s ’s refined products, whilst ensuring optimal purchase and delivery of best suited feedstock (both traditional and Bio) to the Eni refinery and petrochemical system. A global and an active market presence both aimed at selling equity and at acquiring alternative grades for our refineries is paramount to ensure the above value maximisation. Similarly, refined products portfolio optimisation is fundamental to ensure maximum value, particularly in volatile markets.The trading activity is also developed through an articulated logistics network of assets (some of Eni’s property, others leased from third parties) through which the business is further enhanced and optimized. Continue reading Reduce Shipping Shipping activities consist in the sourcing and management of maritime transportation and logistic services for crude oil and petroleum / chemical products, both on international and national routes, carried out for own use and offered to other Eni’s business lines and to other companies of Eni Group.In particular, the international transport of crude oils and refined products is carried out between the places of production or refining and other facilities of both Eni and third-party operators.Domestic transport, on the other hand, mainly refers to semi-finished and finished products, both refining and petrochemicals, between the various production and distribution centres of Eni's operating units. Continue reading Reduce Vetting: Vessel assessment and inspections For ETB it is essential that charters and related technical operators comply with all environmental and international safety codes.To ensure this, ETB has set up its own Vetting team that guarantees the selection and authorization of the use

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. E is trading at a 759% premium. Fair Value ARS 23,547.88 Uncertainty Medium 1-Star Price ARS 76,429.265-Star Price ARS 6,385.92Economic Moat DqpCapital Allocation — Previous Close Price — Bid/Ask — / — Market Cap — Volume/Avg — / — Price/Earnings (Normalized) 10.96Price/Sales 0.68Dividend Yield (Trailing) 5.34%Dividend Yield (Forward) 6.03%Total Yield 9.45% Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point. Sector EnergyIndustry Oil & Gas IntegratedStock Style Box Large ValueTotal Number of Employees 34,244Website