J2R
Taking advantage of our recent oil update on TotalEnergies SE, we are back to comment on Eni S.p.A. (NYSE:E). Last time, we reported our supportive view thanks to 1) the company's satellite strategy, 2) Eni's lower sensitivity to Brent's price
Eni: Solid Q1, Buy Confirmed
Summary
- Share buybacks remain intact with CAPEX flexibility.
- Eni is progressing well with its satellite strategy. Vår Energi also increased its DPS year-on-year.
- Even with lower 2025 guidance, thanks to a solid start to the year and downside protection from a double-digit total return, Eni remains a buy.
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