Eni Raises Share Buyback to €1.6 Billion on Strong Cash Flow [Financial Post (Toronto, Ontario, Canada)]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Eni SpA increased its planned share buyback this year to €1.6 billion ($1.7 billion) due to stronger cash flow, while reporting profit in the first quarter that matched estimates. While earnings at the Italian energy giant's natural gas business were down significantly from a a year earlier, profit at its exploration and production, or upstream, unit proved resilient and the company raised its expectations for oil prices this year. Article content Article content “The results put the company firmly on track to exceed the full-year earnings and cash flow guidance as we work to efficiently grow the upstream,” Chief Executive Officer Claudio Descalzi said in a statement. Shares of the company rose 0.2% to €15.55 euros as of 9:06 a.m. in Milan. Eni sees cash flow from operations before working capital at replacement cost this year of €14 billion
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News
- Eni (E) Misses on Q1 Earnings, Expects Higher '24 Production [Yahoo! Finance]Yahoo! Finance
- E vs. FUPBY: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Eni S.p.A. (NYSE: E) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Eni (E) to Divest Its UK Upstream Assets to Ithaca Energy [Yahoo! Finance]Yahoo! Finance
- Eni S.p.A. (NYSE: E) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
E
Sec Filings
- 4/24/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/5/24 - Form IRANNOTICE
- E's page on the SEC website