Eni SpA (MEX:E)

MXN 632.5 0 (0%) Market Cap: 976.32 Bil Enterprise Value: 1.42 Til PE Ratio: 16.82 PB Ratio: 0.80 GF Score: 77/100

Q1 2022 Eni SpA Capital Markets Day Transcript

Mar 18, 2022 / 01:00PM GMT

Release Date Price: MXN624

Transcript

Claudio Descalzi

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

(presentation)

Good afternoon. Today, we cannot begin our meeting without expressing our solidarity with Ukraine people in their suffering and their losses. We hope that this can be resolved soon, returning to their long for peace that allows all the people involved to rebuild their lives.

The war has led us to reconsider our activities in Russia. Our presence in Russia is not material. Following the start of the war, we announced the divestment of our stake in the Blue Stream pipeline that delivers Russian gas to Turkey. The exploration joint venture with Rosneft were frozen in 2014, and this remain the case today. This crisis has put a spotlight on Europe's dependence on Russian gas, adding volatility to an energy market, which was already characterized by tight supply and high prices in 2021.

This situation make us even more resolute in our ultimate goal to work for the security and sustainability of the energy system while keeping a sharp focus on a just energy transition and value creation for our stakeholders. We are

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