The Q4 results were below consensus but the focus is on the long-term strategy update. 2020 has brought a lot of updates in the ESG segment and each company is outbidding each other. Eni is now taking a serious commitment by announcing that oil production will decline after 2025. While the expansion into green assets will bring stability to the group, it also means that Eni’s exploration pedigree is becoming less relevant for the long-term valuation.
28 Feb 2020
Q4 and CMD: time for a name change?
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Q4 and CMD: time for a name change?
The Q4 results were below consensus but the focus is on the long-term strategy update. 2020 has brought a lot of updates in the ESG segment and each company is outbidding each other. Eni is now taking a serious commitment by announcing that oil production will decline after 2025. While the expansion into green assets will bring stability to the group, it also means that Eni’s exploration pedigree is becoming less relevant for the long-term valuation.