1251 GMT - Eni's updated strategy contained no surprises and effectively extends prior strategic guidance, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. The strategy, set out Thursday, continues to focus on value creation in its upstream division and a focused energy transition strategy which is already working, they write. The Italian energy major has continued its joint-venture 'satellite' model but as this proliferates, investors may begin to wonder whether the benefits are offset by the complicated nature of its portfolio, they add. "Understanding cash flow trends over time will depend on the dividend policies of such entities, and this creates less transparency," they write. Shares trade down 1.6% at 13.85 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 07:51 ET (12:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。