Eni SpA
ENI: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.& | LOCK|?? | LOCK|mvVp?#! |
Eni Earnings: Cash Flexibility Supports Distribution Targets Despite E&P Weakness
Eni’s second-quarter results came in ahead of market expectations. Lower oil prices and production weighed on exploration and production's adjusted EBIT, down 33% year over year. The firm adjusted guidance on a more optimistic $70/barrel outlook, while leaving distribution targets unchanged.
