Skip to Content
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Eni's Q1 Earnings Improve on Higher Oil Prices, Though Refining Weakness Weighs on Results

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Eni reported adjusted net profit of EUR 270 million in the first quarter of 2021 compared with adjusted net profit of EUR 59 million the year before. The company reported negative free cash flow of EUR 109 million compared with negative free cash flow of EUR 922 million a year ago. Net debt excluding leases decreased to EUR 12.2 billion, implying a gearing ratio of 30% compared with 29% the year before. Eni reiterated capital spending guidance of EUR 6 billion for 2021.

Read Full Analysis

Company Profile

Business Description

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2020, the company produced 0.8 million barrels of liquids and 4.7 billion cubic feet of natural gas per day. At year-end 2020, Eni held reserves of 6.9 billion barrels of oil equivalent, 51% of which are liquids. The Italian government owns a 30.1% stake in the company.

Contact
1, Piazzale Enrico Mattei
Rome, 00144, Italy
T +39 659821
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 31,495

Related