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Saipem SpA SPM Stock Quote

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Morningstar‘s Stock Analysis SPM

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Increasing Investment in Offshore Oil and Gas Projects Will Elevate Demand for Saipem's Services

Business Strategy and Outlook

| Katherine Olexa |

Saipem offers services in four distinct business lines: offshore engineering and construction, or E&C, onshore E&C, offshore drilling and onshore drilling.

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Key Statistics SPM

Company Profile SPM

Business Description

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

Via Martiri di Cefalonia, 67, San Donato Milanese
Milan, 20097, Italy
T +39 244231
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 27,520