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

Q3 2023 Eni SpA Earnings Call Transcript

Oct 27, 2023 / 12:00PM GMT
Release Date Price: $32.46 (-0.06%)
Operator

Good afternoon, ladies and gentlemen, and welcome to Eni's 2023 Third Quarter Results Conference Call, hosted by Mr. Francesco Gattei, Chief Financial Officer. (Operator Instructions) I am now handing you over to your host to begin today's conference.

Francesco Gattei
Eni S.p.A. - CFO

Good afternoon, and welcome to Eni's Third Quarter and 9 Month 2023 Results Conference call. Energy markets remained volatile, but at Eni our focus is on delivering results in all scenarios, while at the same time advancing our longer-term strategy. Q3 has seen as successfully achieving both of these things. Before digging deeper into the numbers, let me emphasize the key strategic accomplishment for the quarter. We are evolving and strengthening core business, such as E&P and GGP for the challenge of transitioning energy markets, and taking opportunity to build the new relevant businesses such as Plenitude, Enilive, Biochemical and CCUS. In upstream, in August, we began production of Baleine offshore Ivoire Coast less than 2 years after discovery, further evidence of the

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