Eni SpA (NYSE:E)
$ 26.95 0.34 (1.28%) Market Cap: 41.60 Bil Enterprise Value: 63.29 Bil PE Ratio: 16.82 PB Ratio: 0.80 GF Score: 74/100

Q2 2021 Eni SpA Earnings Call Transcript

Jul 30, 2021 / 12:00PM GMT
Release Date Price: $23.5 (-0.84%)
Operator

Good afternoon, ladies and gentlemen, and welcome to Eni's first half 2021 Results Conference Call, hosted by Mr. Claudio Descalzi, Chief Executive Officer. (Operator Instructions)

I am now handing you over to your host to begin today's conference.

Claudio Descalzi
Eni S.p.A. - CEO, GM & Director

Thank you, and good afternoon, and welcome to Eni's first half conference call. In the first part of the year, we witnessed a strong recovery in the energy market. The rebound in global GDP, the growth in oil consumption and the OPEC Plus agreement translated into a steady increase in crude prices. The gas market is similarly recovering with summer prices at decade highest. While a highly volatile environment persists, oil and gas fundamentals remain positive. Today, we'll focus on 3 elements, which define our investment case. First, the 2021 shareholder distribution with the dividend raised to pre-COVID level, confirming our commitment to share part of our excess cash generation with shareholders. Second, the progress achieved on our retail and renewable

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