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Publication date: March 25, 2025
- Year of incorporation: 1953
- Year added to EUROSTOXX 50: 1998
- Highest price ever: €28.94 in January 2007
- Average trading volume: Approximately 22 million shares per day
- Price performance over the past 12 months: - 0,61%
Introduction about the company
Eni S.p.A. is a leading Italian energy company with a global presence in the oil, gas, and renewable energy sectors. Headquartered in Rome, the company operates in 66 countries and has a strong focus on innovation and sustainability. With activities ranging from exploration and production to refining and chemicals, Eni plays a crucial role in the global energy market.
Key figures & performance
In the past year, Eni achieved revenues of €89.93 billion and net profits of €7.59 billion. The company has over 33,000 employees worldwide and continues to invest heavily in renewable energy solutions. As of March 2025, Eni's market capitalization was €43.46 billion. The company recently expanded a share buyback program to €2 billion, a strategic move to increase shareholder value.
History & development
Eni was founded in 1953 as Ente Nazionale Idrocarburi, an Italian government-run energy company. In the decades that followed, it grew into one of the largest energy companies in the world. The company started out as a traditional oil and gas company, but in recent years, it has invested heavily in the transition to renewable energy. Eni is investing in biofuels, hydrogen, and carbon capture technologies. In 2024, the company sold a 25% stake in its biofuel division Enilive to KKR for €2.9 billion, strengthening its green strategy.
Sector & competition
Eni operates in the highly competitive global energy market, taking on giants such as ExxonMobil, Shell and BP. The company stands out with its integrated business model, which includes both fossil and renewable energy.
By investing in green hydrogen, solar power and biofuels, Eni seeks to play a leading role in the energy transition. Yet, dependence on oil and gas revenues remains a challenge as global demand for fossil fuels slowly declines.
Influence of Eni SpA on the EURO STOXX 50
Eni has a weighting of 0.85% in the EURO STOXX 50 (measured in December 2024). The share price is influenced by factors such as global oil and gas prices, geopolitical developments, and the transition to renewable energy sources. In 2024, Eni benefited from higher oil prices, which supported profitability. Nevertheless, the company remains vulnerable to market volatility and policy changes within the EU aimed at CO2 reduction.
Investment analysis & outlook
The chart below shows Eni's share price performance over the past five years. During this period, the stock rose by only 1.13%, while the EURO STOXX 50 showed a gain of 43.88%. Eni's lagging performance is largely due to the sharp decline in its share price during the 2020 coronavirus pandemic.
When global oil prices plummeted due to the sudden drop in demand, Eni shares fell more than 50% in just a few months. This was a direct result of the collapse of the oil industry, as demand for fuel fell dramatically due to lockdowns and travel restrictions.
Although Eni has since experienced a gradual recovery, the stock price is still not back to pre-pandemic levels. The energy market has since changed structurally, with a greater focus on renewable energy and stricter regulations surrounding fossil fuels. As a result, despite the recent recovery, Eni still lags behind the broader market.
Despite the focus on renewable energy, more than 80% of sales remain from oil and gas. This provides solid cash flow but also exposure to fluctuations in energy prices. Analysts see Eni as a stable dividend company but point to risks such as stricter environmental regulations and possible declines in oil prices.
The company is strongly committed to expanding renewable energy with investments in solar and wind power projects. Eni is also developing a hydrogen production strategy and working on new oil and gas explorations in Africa and the Middle East. Eni's future depends on how well the company balances its traditional revenue streams with the transition to more sustainable energy solutions.
News & updates
In the period from October 2024 to February 2025, Eni S.p.A. made significant strides in its energy transition and business development strategy. In October 2024, Eni announced that US investment fund KKR would acquire a 25% stake in Enilive, Eni's biofuel division, bringing its value to €11.75 billion. This transaction strengthened Eni's financial position and underscored the attractiveness of its sustainable initiatives.
In November 2024, Eni completed the sale of its offshore assets in Alaska to Hilcorp for $1 billion. This divestment was part of Eni's broader strategy to generate €8 billion in revenue between 2024 and 2027 by divesting upstream assets and attracting investors to its low-carbon initiatives.
In February 2025, Eni reported strong financial results for the fourth quarter and full year 2024, with pro forma adjusted EBIT of €14.3 billion and adjusted cash flow of €13.6 billion, both above expectations. This success was attributed to effective strategic execution and cost control.
In addition, Eni announced a partnership with Malaysian state-owned energy company Petronas to combine upstream assets in Indonesia and Malaysia. This joint venture will manage approximately 3 billion barrels of oil equivalent reserves, with an additional potential of 10 billion barrels, strengthening Eni's position in the Asian energy market.
These developments illustrate Eni's commitment to strengthening its financial position and advancing sustainable energy solutions while adapting to the dynamic global energy market. For more information about the company, please visit its official website: www.eni.com.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are, therefore, for educational purposes only.
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