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Eni S.p.A (E) Q1 2021 Earnings Call Transcript


Eni S.p.A (E) Q1 2021 Earnings Call Transcript
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Eni S.p.A (NYSE: E)
Chief Executive Officer
Good afternoon and welcome to Eni First Quarter 2021 Results. 2021 is still a year of transition and the first quarter has demonstrated a different pace of recovery for our businesses. The quarter was positive for oil, with an 11% growth of Brent price in euro versus first quarter 2020. We have recorded a partial rebound of demand, now at around 95 million barrel per day and a more materially disciplined supply, mainly thanks to the OPEC+ cut and natural decline of state oil production. Likewise, chemicals rebounded strongly, benefiting from industrywide disruptions due to the winter weather in the US and higher demand in Asia. On the other end, other sector are still facing a weak environment. Downstream was impacted by negative refining margins and the lower vol ....

United States , United Kingdom , Jawa Timur , Baja California , Taza Al Hoceima Taounate , Mehdi Ennebati , Giacomo Romeo Jefferies , Alessandro Puliti , Adriano Alfani , Jon Rigby , Vigna Goldman Sachs , Bertrand Hodee , Bertrand Hodee Kepler Cheuvreux , Societe Generale , Cristian Signoretto , Lydia Rainforth , Massimo Bonisoli , Francesco Gattei , Giacomo Romeo , Irene Himona , Lydia Rainforth Barclays , Alessandro Pozzi Mediobanca , Alessandro Pozzi , Oswald Clint , Lucas Herrmann , Claudio Descalzi ,

Eni to upscale oil JV operations in Nigeria

By Muyiwa Lucas Italian oil exploration firm, Eni is considering spinning off oil and gas operations in Nigeria, other West Africa and the Middle East countries into new joint ventures (JVs) to help reduce debts and fund its shift to low-carbon energy, according to sources. Africa’s biggest foreign oil and gas producer, Eni has prized assets in Nigeria, Congo and Angola. Apart from its big production centres in Egypt and Libya, it has built a. ....

Muyiwa Lucas , Claudio Descalzi , Francesco Gattei , Oslo Stock Exchange , West Africa , Middle East , Near Far East , Far East , Chief Financial Officer Francesco Gattei , Var Energi , Norwegian Var , Det Norske , Oslo Stock , கிளாடியோ சேக்காலஜி , ஒசிலோ ஸ்டாக் பரிமாற்றம் , நடுத்தர கிழக்கு , இதுவரை கிழக்கு , வார் எனர்ஜி , டேட் நோர்ஸ்கே , ஒசிலோ ஸ்டாக் ,

Eni S p A : Italy's Eni to shed retail-renewable energy stake


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MILAN, April 30 (Reuters) - Italian energy group Eni
is planning to spin off a minority stake in its new
retail and renewable business next year, it said on Friday,
after announcing first quarter profits that missed expectations.
Several European energy companies, including Spain s Repsol
, aim to divest parts of their renewables business to
raise money to reduce debt and pay for the shift away from oil
and gas.
Eni said it planned to list or sell a minority stake in the
business that includes renewable energy and retail energy sales
next year, confirming a Reuters report from March. ....

Stephen Jewkes , Barbara Lewis , Edmund Blair , Claudio Descalzi , Francesco Gattei , Executive Claudio Descalzi , Louise Heavens , ஸ்டீபன் நகைகள் , பார்பரா லெவிஸ் , எட்மண்ட் பிளேயர் , கிளாடியோ சேக்காலஜி , நிர்வாகி கிளாடியோ சேக்காலஜி , லூயிஸ் வானம் ,

Eni to shed retail-renewable energy stake


Eni to shed retail-renewable energy stake
4/30/2021
 Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.
Several European energy companies, including Spain s Repsol , aim to divest parts of their renewables business to raise money to reduce debt and pay for the shift away from oil and gas.
Eni said it planned to list or sell a minority stake in the business that includes renewable energy and retail energy sales next year, confirming a Reuters report from March. ....

Stephen Jewkes , Barbara Lewis , Edmund Blair , Claudio Descalzi , Francesco Gattei , Executive Claudio Descalzi , Louise Heavens , ஸ்டீபன் நகைகள் , பார்பரா லெவிஸ் , எட்மண்ட் பிளேயர் , கிளாடியோ சேக்காலஜி , நிர்வாகி கிளாடியோ சேக்காலஜி , லூயிஸ் வானம் ,