Eni S.p.A. (NYSE:E) Q3 2022 Earnings Conference Call October 28, 2022 8:00 AM ET
Company Participants
Francesco Gattei - CFO
Giuseppe Ricci - COO, Energy Evolution Division
Guido Brusco - COO, Natural Resources
Aldo Napolitano - EVP Exploration Projects Management
Cristian Signoretto - Deputy COO, Natural Resources
Conference Call Participants
Irene Himona - Societe Generale
Massimo Bonisoli - Equita
Biraj Borkhataria - RBC Capital Markets
Henri Patricot - UBS
Oswald Clint - Sanford C. Bernstein & Co.
Martijn Rats - Morgan Stanley
Bertrand Hodee - Kepler Cheuvreux
Alessandro Pozzi - Mediobanca
Operator
Good afternoon, ladies and gentlemen, and welcome to Eni's 2022 Third Quarter Results Conference Call. For the duration of the call, you will be in listen-only mode. [Operator Instructions].
The call will be hosted by Mr. Francesco Gattei, Chief Executive Officer. I am now handing you over to your host to begin today's conference. Thank you.
Francesco Gattei
Okay. Thank you. Good afternoon. Welcome to Eni Third Quarter and 9 Months 2022 Results Conference Call. The world and the energy markets, in particular, continue to be impacted by very significant geopolitical events, uncertain economic conditions and volatility. This would be challenging upfront, but we are also continuing to deal with the legacy of the pandemic on supply chains, the long duration energy transition and the deep cyclical legacy of 7, 8 years of underinvestment. In that context, we are delighted with the -- how Eni is delivering on its strategic and financial objectives, while managing the evident risks.
In the last quarter, oil price fell from the level since in the previous 2 quarters. The oil market has pulled back and has traded mostly in the $90, $100 barrel range with a number of important but often competing factors such as the pushing up of production towards the ceiling of capacity, the impending
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