SKU: E Category:


Eni’s results were disappointing as it failed to meet analyst’s revenue and earnings expectations. The company effectively adapted to the changing energy landscape by focusing on core strengths like E&P and GGP while venturing into emerging sectors such as Plenitude, Enilive, Biochemical, and CCUS. A significant milestone was the commencement of production at the Baleine offshore Ivoire Coast, a testament to Eni’s efficient integration of exploration and development strategies. The company exceeded its full-year target of 700 million BOE in discovered resources, with the Geng North discovery offshore Indonesia recognized as the industry’s largest in 2023. Eni’s proactive portfolio management included selling the Nigerian onshore production company and the ongoing acquisition of Neptune, aligning with the strategic shift towards a gas-focused upstream portfolio. Eni’s commitment to environmental responsibility was evident in the progress of its CCUS initiatives, securing licenses and agreements for projects in the UK. In the Energy Evolution segment, Eni demonstrated agility, closing the purchase of Novamont, progressing in biorefining strategies, and achieving strong financial results across various businesses.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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