Eni SpA

ENI: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€98.30	Ynkhd	Rvgftsv

Eni Q3 Earnings Remain Strong, but No Change to Shareholder Return Plans

Allen Good

Oct 28, 2022

Eni reported third-quarter adjusted net earnings of EUR 3.7 billion compared with adjusted net earnings of EUR 1.4 billion the year prior. The improvement was a result of higher oil and gas prices, which aided the E&P segment. Our fair value estimate and moat rating are unchanged.

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