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 2024 Eni SpA Earnings Call Transcript

Jul 26, 2024 / 12:00PM GMT
Release Date Price: $31.66 (+4.52%)
Claudio Descalzi
Eni SpA - Chief Executive Officer, General Manager, Director

Good afternoon and welcome to our second quarter, first half results conference call. This quarter confirms we are making significant stride forward in delivering on our strategy and the four-year plan set out in March. I will discuss our financial results in more detail. But in summary, our performance in the first half exceeded our plan in terms of financial outcomes and cash flow generation with capital expenditure and leverage showing a positive trend.

Touching on some important milestones in the year so far, we are materially enhancing our upstream portfolio. We completed the high accretive acquisition of Neptune in January, already delivering significant value for any shareholders. Thanks to synergies in Indonesia, Norway, and Algeria.

Following the step-up of our exposure on the UKCS with Neptune, we have moved quickly and are creating one of the largest independent players in the country through the combination of -- with Ithaca Energy. At the same time, we are also making real progress in high

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot