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.
Recent discoveries of large natural gas fields endow Eni with low-cost growth opportunities during the next five years.
Eni’s upstream portfolio is exposed to higher geopolitical risks than its peers, which resulted in production shutdowns and outstanding payments. These risks will persist, as diversification appears unlikely.
|
Metric
|
ENI
|
REP
|
SHELL
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.15 | 4.06 | 8.58 |
Price/Book Value | 0.93 | 0.73 | 1.29 |
Price/Sales | 0.55 | 0.34 | 0.77 |
Price/Cash Flow | 3.86 | 3.73 | 5.82 |
|
Metric
|
ENI
|
REP
|
SHELL
|
|---|---|---|---|
Quick Ratio | 0.93 | 1.07 | 0.90 |
Current Ratio | 1.30 | 1.54 | 1.40 |
Interest Coverage | 1.35 | 9.40 | 7.40 |
|
Metric
|
ENI
|
REP
|
SHELL
|
|---|---|---|---|
Return on Assets (Normalized) | 5.80% | 8.29% | 6.70% |
Return on Equity (Normalized) | 15.13% | 19.26% | 14.92% |
Return on Invested Capital (Normalized) | 9.83% | 14.02% | 10.59% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
XOM
| Exxon Mobil Corp | Sfwywkzkpj | Tgzzwds | $473.7 Bil | |
CVX
| Chevron Corp | Hlwjcrmdqd | Mzfrk | $300.9 Bil | |
PCCYF
| PetroChina Co Ltd Class H | — | Klzq | $249.5 Bil | |
RYDAF
| Shell PLC | — | Qby | $236.5 Bil | |
SHEL
| Shell PLC ADR (Representing - Ordinary Shares) | Yfrfkvn | Tfkm | $236.5 Bil | |
TTE
| TotalEnergies SE ADR | Dnnxzvhnj | Stv | $172.0 Bil | |
BP
| BP PLC ADR | Qfzhmsmc | Zxk | $114.0 Bil | |
PBR
| Petroleo Brasileiro SA Petrobras ADR | Ybnvfcyqd | Fnqv | $100.8 Bil | |
EQNR
| Equinor ASA ADR | Xnfyfvsl | Tgzlh | $82.0 Bil | |
E
| Eni SpA ADR | Ttdqmrmp | Rwsn | $52.6 Bil |
