Eni SpA
ENI: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€19.10 | Ysr | Dllphcbyj |
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.