Eni SpA ADR

E: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$97.20	Dpv	Twjnjgpgf

Eni Balances Hydrocarbon Growth With Low Carbon Investment in Net-Zero Push

Allen Good

Dec 13, 2023

Business Strategy and Outlook

Eni’s latest strategy to achieve carbon neutrality in 2050 mirrors that of many peers as it seeks to invest in new low-carbon businesses. However, as with others its legacy hydrocarbon business will remain the primary earnings driver during the next decade and command the majority of investment.

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