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Morningstar’s Analysis

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Eni's Q2 Earnings Surge on Higher Prices; Management Raises Dividend and Resumes Share Repurchases

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Eni reported adjusted net earnings of EUR 929 million in the second quarter of 2021 compared with an adjusted net loss of EUR 714 million the year before.

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Company Profile

Business Description

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2020, the company produced 0.8 million barrels of liquids and 4.7 billion cubic feet of natural gas per day. At year-end 2020, Eni held reserves of 6.9 billion barrels of oil equivalent, 51% of which are liquids. The Italian government owns a 30.1% stake in the company.

Contact
1, Piazzale Enrico Mattei
Rome, 00144, Italy
T +39 659821
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 31,436

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