For shareholders, the latest update is encouraging as the focus is also on its redistribution policy after all the efforts it has made and its exploration successes. Buy-backs will also be done when cash exceeds the leverage target of 20-25%. The group also highlighted its focus on upstream with more than 80% of its capex going to the division in the next four years. Sensitivity to oil prices is still increasing for the group.
17 Mar 2018
Encouraging update for shareholders
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Encouraging update for shareholders
Eni S.p.A. (ENI:WBO) | 0 0 0.9% | Mkt Cap: 49,527m
- Published:
17 Mar 2018 -
Author:
Alexandre Andlauer -
Pages:
2
For shareholders, the latest update is encouraging as the focus is also on its redistribution policy after all the efforts it has made and its exploration successes. Buy-backs will also be done when cash exceeds the leverage target of 20-25%. The group also highlighted its focus on upstream with more than 80% of its capex going to the division in the next four years. Sensitivity to oil prices is still increasing for the group.