Eni SpA ADR
E: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$79.69 | Rtg | Sgbfbls |
Eni Balances Hydrocarbon Growth With Low Carbon Investment in Net-Zero Push
Business Strategy and Outlook
Eni’s latest strategy to achieve carbon neutrality in 2050 mirrors that of many peers as it seeks to invest in new low-carbon businesses. However, as with others its legacy hydrocarbon business will remain the primary earnings driver during the next decade and command the majority of investment.