Eni shares, ENI share prices on the Stock Exchange

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ISIN code: IT0003132476
Sector: Energy minerals
Industry: Integrated oil

Le actions of Eni are listed on the Italian market under the ticker ENI.

Look at the history of the quotation of the share on the Milan Stock Exchange

Company Description

Eni SpA is an Italian multinational active in the oil, natural gas, chemical, production and marketing of electricity and energy from fossil fuels sectors. Eni is considered one of the "supermajor" oil companies in the world. Over the years it has diversified its activities into other sectors such as nuclear energy, renewable energy, mining, chemicals and plastics, refining/extraction machinery and distribution, textile industry and news.

In 2020, Eni ranked 113th in terms of turnover and 24th in the energy sector in the ranking of Fortune Global 500 by turnover. According to Forbes Global 2000, Eni is the 468th largest public company in the world.

It operates in 68 countries with 30.775 employees, 21,170 in Italy alone. The head office is in the EUR district in Rome.
The company is currently led by Lucia Calvosa (president since May 13, 2020) and by Claudio Descalzi (CEO since 8 May 2014).

As of 2021, Eni has about 20% of the market in Italian service stations.

The activities are divided into three main divisions: Exploration & Production, Gas & Power and Refining & Marketing.

Since its creation in 1953 Eni is owned by the Italian State. In the nineties the State decides to privatize the company. Between 1995 and 2001, the government sold part of the share capital, retaining a share of more than 30%. Thanks to the stake in its possession, the Italian government, through the Ministry of Economy and Finance, has control of the company. the Italian state, according to the law of 30 July 1994, n. 474, has some special powers (golden shares) to be exercised in compliance with pre-established criteria.

Eni is listed on the FTSE MIB index of the Milan Stock Exchange. The company is a member of the Euro Stoxx 50 stock index and is also listed on the New York Stock Exchange (NYSE).

THEshareholders is composed as follows:

• Public Shareholder, 30,334%
• Institutional investors. 48,290%
• Retail, 20,454%
• Treasury shares, 0,916%

Eni is controlled by the Ministry of Economy and Finance through a stake held both directly (4,37%) and through Cassa Depositi e Prestiti SpA (25,96%).

Other relevant shareholders I'm:

• Norges Bank, 1,42%
• Unicredit, 0,99%
• Eni, 0,92%
• BlackRock Advisors (UK) Ltd, 0,69%
• Amundi Asset Management SA (Investment Management), 0,64%
• Massachusetts Financial Services Co., 0,61%
• National Insurance and Assistance Agency for Doctors, 0,51%

Geographically the shareholding is divided as follows:

• Italy, 57,19%
• UK and Ireland, 6,19%
• Europe, 14,38
• USA and Canada, 11%
• Rest of the world, 10,29%

In 2020 the turnover was 43,987 billion euros with a negative net profit of -8,645 billion.

As of September 2021, it had a capitalization of 41.572.508.597 billion euros.

Le subsidiaries or associated companies from Eni are:

• Eni gas e luce SpA: offers gas and electricity sales and marketing services for households and businesses.
• Enipower: company dedicated to the production of electricity and steam.
• Saipem, 30,54%: off-shore and on-shore construction company, pipeline laying, drilling.
• Banque Eni Sa: deals with banking activities for the provision of financial services to Eni and Eni companies.
• Ecofuel Spa: manages the production and marketing of clean components for petrol and methanol at an international level.
• Eni Corporate University: carries out training activities, ensuring the supervision, dissemination and development of the corporate culture.
• Eni International Resources: center for finding and selecting the best talents in the energy sector in Italy and abroad.
• Eni Global Energy Market (EGEM): operates in international gas, power, CO2, LNG and oil derivatives trading.
• Eni Finance International: company in charge of centralizing the financing activity of the non-Italian companies of Eni SpA.
• EniProgetti: engineering company.
• Eni Rewind: the company that provides an integrated service in the field of environmental remediation.
• EniServizi: operates in the sector of supplying integrated services to buildings, people and business support.
• Eni Trade & Biofuels (ETB): manages the international trading of crude oil, petroleum products, bio raw materials for the production of biofuels and related financial derivatives for the Eni group.
• LNG Shipping SpA: company operating in the sea transport of liquefied natural gas (LNG).
• Unión Fenosa Gas Comercializadora (UFGC): supplies gas to the industrial segments and small and medium enterprises.
• Serfactoring: offers services to related industries and Group companies.
• Fondo Bombole Metano Services (SFBM): performs technical and administrative services for the Fondo Bombole Metano Committee. to which it remits all operating costs through the Management of the Metano Bombole Fund.
• Versalis: which deals nationally and internationally with the production and distribution of numerous petrochemical products.
• Aldro Energía, (through Eni gas and electricity): Iberian company that operates in the marketing of electricity and gas.
• Evolvere 70% (through Eni gas and electricity): Italian company operating in the green economy sector.
• Journalistic Agency Italy - AGI: press agency
• Milazzo Refinery (in partnership with Kuwait Petroleum Italia).
• Eni Next LLC: Corporate Venture Capital company of the Eni Group.

The tagline is "Together we have another energy."

Economic and financial analysis of the company

ENI (acronym for Ente Nazionale Idrocarburi) was created by the Italian state as a public body under the presidency of Enrico Mattei in 1953. ENI had the task of "promoting and undertaking initiatives of national interest in the hydrocarbon and natural gas sectors". Mattei became president of Eni and of the main subsidiaries including Agip, Snam and Anic. The birth of ENI met with opposition from private industrialists who accused the company of unfair competition since Eni was financed by the state.
To counter the constant attacks it suffered from public opinion and the press, Eni contributed to the birth of the newspaper The day.

In the early years Eni was very active in all levels of the hydrocarbon cycle but also began to operate in other sectors.
In Italy he developed:

• the pipeline network,
• the network of petrol stations,
• relations with private individuals
• The chemical sector

In 1956 it was founded Snam Progetti SpA.

In the engineering field he acquires the New Pignone of Florence saving the company from bankruptcy.

It was established in 1957 Saipem SpA, a company operating in the sector of services for the energy and infrastructure sector.

In the 1960 is born SEMI – Motel Italia SpA operating company. active in the tourism-hotel sector. The purpose of SEMI was to manage the fuel distribution plants, the Agip Motels and the hotels on the motorways and the bars at the service stations.

To seek supplies for Italy, Eni turned to the foreign market. Eni was among the last oil companies to enter the Middle East, finding huge competition.
Mattei decided to focus on Africa, where, in addition to concluding research agreements, he built refineries and distribution networks.

in 1962 acquires the Lanerossi textile companyin serious economic conditions.

The October 27 1962 Enrico Mattei dies in a plane crash.
After his death Eni tried to reorganize its financial situation. He tried to improve his relationships with her "Seven Sisters" who had been Mattei's main opponents.

The company made an agreement with esso and with other oil companies for the supply of crude oil. In the XNUMXs Eni preferred to enter into supply agreements without having to deal with exploration and extraction.

Since 1965 he has been in control of AGI, l'Agenzia Giornalistica Italia, Italian news agency.

In 1967, through Snam, it took control of Italgas.

In 1968 Eni acquired a stake in the newly formed company Montedison. The small share package still made the company Montedison's largest shareholder.

In the chemical and pharmaceutical fields, he tried to take advantage of the competition, acquiring and participating in numerous small and medium-sized companies.

The advent of Gaddafi in Libya it leads to the nationalization of oil exploration in the territory. Agip was the only company to save itself and remained the only one to operate in that country for many years.

The 1973 oil crisis caused a sharp increase in crude oil prices and Eni closed its accounts at a loss for the first time. The crisis led to the abandonment of Italy by some oil companies. Eni was thus forced to take over the refineries and the distribution network to provide supplies.

In 1974 it built gas pipelines for the import of methane from the Netherlands and the USSR while Agip bought the network of distributors Shell Italy.

In 1977 it acquired the shares of theEGAM, Mining management body, a company that will be dissolved the following year. The Egam's assets were divided between IRI and Eni, through the creation of Sanim.

In 1980 Eni completely exits the Montedison share package.

In the 1981 is born EniChemistry, which absorbed the companies of the anic group and takes control of companies SIR, Rumianca and Euteco of the Rovelli group.

In the 1983 is born EniChem, a new petrochemical company of the ENI group, which had absorbed the main activities of EniChimica SpA.

in 1985 EniChimica is incorporated into Agip.

In 1986 Eni sold Lanerossi and its entire textile sector.

In 1988 the Enimont which concentrated all the Italian basic chemistry. Enimont was born following the decision of Eni and Montedison to merge their activities, a joint venture equally owned by the two companies (40% each), with the remaining 20% ​​in the hands of the stock market. However, the company was short-lived; in 1990 Montedison sold 40% of Enimont to ENI for the price of 2.800 billion lire. Enimont will be dissolved in 1991.

With the decree law n. 333 of 11 July 1992, Eni was privatized and transformed into a limited company controlled by the Ministry of the Treasury. The company was profoundly restructured: the marginal activities were sold and the chemical sector downsized. The company's attention turned to oil and gas.

In 1993, as part of the privatization of the company, Nuovo Pignone is sold to General Electric.

in 1994 Sanim becomes Enirisorse with the aim of also entering the steel industry.

In 1995 a first share of Eni's capital was placed on the market. Eni is listed on the Milan and New York stock exchanges. The Ministry of the Treasury drops to about 30% of the capital but with the golden shares retain control of the company.

Profitability improves allowing Eni to distribute good dividends to public shareholders.

in 1998 Agip and Agip Petroli are merged into Eni.

In January 1999 EniChem SpA took the name of Syndial SpA.

In February 1999, with the liberalization of the electricity and natural gas market, it was born Eni Power.

With the sale of the last motels, SEMI is closed.

In 2001, Snam spun off the activities not related to gas transportation: it was born Snam Rete Gas. Snam is incorporated into Eni creating the Gas&Power Division.

In the XNUMXs Eni expands abroad by acquiring British Borneo, Lasmo, Burren and Dominion and starts an energy transition by deciding to focus on renewable energies.

In 2002, it transferred the petrochemical business to Polimeri Europa which from 5 April 2012 assumes the name of Versalis SpA.

On 7 February 2003, Eni launches a tender offer acquiring 100% of the share package of Italgas.

in 2006 Saipem buys all the shares from Eni Snamprojects.

In 2008 he acquired Distrigas da Suez and becomes the first gas operator in Belgium.

In 2009 Eni sold Italgas for 3,07 billion euro and Stogit for 1,65 billion to Snam Rete Gas SpA.

The 5 October 2012, Eni sells its 30% stake in Snam to Cassa Depositi e Prestiti for a sum of approximately 3,517 billion euros.

In 2012 he completes the acquisitions of 100% of the capital of Belgian companies Nuon Belgium NV and Nuon Power Generation Wallon. It is founded Eni Gas & Power NV/SA after merger between Distrigas and Nuon Belgiumn.

In the 2013 is born Enjoy, a brand of Eni Smart Consumer SpA, which offers the car sharing service in Italian cities.

In 2014 the refinery of Porto Marghera it is reconverted into a biorefinery plant with the aim of transforming raw materials of biological origin into high quality biofuels.

In 2015 Eni discovers in Egypt, Zohr, the largest gas field in the Mediterranean.

The division was created in 2017 Eni Energy Solutions, which deals with renewable energy with the task of building and operating the developed renewable energy plants.
Eni decides to spin off the retail activities by creating Eni gas and light SpA.

In March 2017, it sold its activities in Belgium; sells to Eneco, Eni Gas & Power NV/SA and its subsidiary Eni Wind Belgium NV/SA.

The first one was inaugurated in 2018 photovoltaic system in Sardinia at the industrial pole of assemini followed the following year by a second plant a Porto Torres.

The activities undertaken by Eni on the reduction of Co2 emissions lead the company to be recognized as a leader for the Carbon Disclosure Project and to be defined as the best oil company for sustainability by Carbon Tracker.

In 2018 Eni became the first shareholder of the American company Commonwealth Fusion Systems (CFS), company related to the Massachusetts Institute of Technology (MIT) of Boston. The company's goal is to build a fusion reactor based on tokamak technology.

In 2019, Eni's environmental company, Syndial, changed its name and became Eni Rewind.

In 2020 Eni, through its subsidiary Eni gas and light, completes the acquisition of 70% of To evolve, an Italian company operating in the green economy sector.

In January 2021 Eni gas e luce enters the Iberian energy market through the acquisition of Aldro Energy.

In March 2021 it acquires Union Fenosa Gas Comercializadora, a company operating on the Spanish natural gas market.

In July 2021, it strengthens its presence in renewables in Spain and France, by acquiring the company Dhamma Energy Group, owner of a platform for the development of photovoltaic plants in the two countries.

In September 2021, Versalis, Eni's chemical company, rose to 100%. Finproject, a company from the Marche region active in the compounding sector and in the production of ultralight products.

In November 2021 Eni announces the creation of "Plenitude", a new company that will deal with retail, renewables and electric mobility which will be listed on the Stock Exchange in 2022.
Enter the capital of Ferrara land reclamation participating in the capital increase. The investment is 20 million euros which leads Eni to have 3,32% of BF.