
Italy's Eni is negotiating new contracts for its oil and gas projects in Venezuela and expects fast development for the Junin 5 oilfield once investment restarts, the energy group's CEO said on Wednesday.
Eni SpA is dedicated to the exploration, development and production of crude oil and natural gas. The company is headquartered in Rome, Italy.
| Revenue (TTM) | $84.48B |
| Gross Profit (TTM) | $17.57B |
| EBITDA | $12.03B |
| Operating Margin | 4.29% |
| Return on Equity | 5.91% |
| Return on Assets | 2.25% |
| Revenue/Share (TTM) | $56.40 |
| Book Value | $37.99 |
| Price-to-Book | 1.31 |
| Price-to-Sales (TTM) | 0.86 |
| EV/Revenue | 0.983 |
| EV/EBITDA | 3.99 |
| Quarterly Earnings Growth (YoY) | 1.00% |
| Quarterly Revenue Growth (YoY) | -12.60% |
| Shares Outstanding | $1.45B |
| Float | $934.12M |
| % Insiders | 0.00% |
| % Institutions | 1.73% |
Volatility is currently expanding

Italy's Eni is negotiating new contracts for its oil and gas projects in Venezuela and expects fast development for the Junin 5 oilfield once investment restarts, the energy group's CEO said on Wednesday.

The Italian oil major raised its full-year share buyback as second-quarter production growth coincided with higher oil and gas prices triggered by the Middle East conflict.

Italian energy group Eni on Wednesday lifted its share buyback programme to €3.4 billion ($3.9 billion) from €2.8 billion after reporting better than expected second-quarter results.

France's TotalEnergies and Italy's Eni have approved the development of the Cronos gas field in Cyprus to supply Europe with liquefied natural gas, with production start-up expected in 2028, TotalEnergies said on Tuesday.

The companies said Tuesday that they have taken the final investment decision on the deep-water offshore project in the Cronos field.

E awards SAPMF a $260 million Cote d'Ivoire long-term drilling contract, with the Santorini drillship set to begin the campaign in 2027.

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8 billion North Hub project in Indonesia, the Indonesian government said.

The deal—for an undisclosed sum—was made through its Enilive subsidiary that is co-owned with U.S private equity company KKR, which has a 30% stake.

The oil and gas industry is diversifying investments towards Southeast Asia and Latin America in reaction to the prolonged disruption of shipping flows in the Strait of Hormuz, the chief executive of Italian energy group Eni said on Thursday.

E expands its renewable fuels business through a BMW partnership, boosting HVO adoption and strengthening its sustainable mobility strategy.
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