Energy · Oil & Gas Integrated
Price
$46.87
Market Cap
$68.5B
Employees
32,492
Beta
0.23
Avg Volume
485,750
CEO
Claudio Descalzi
Business Description
Eni S.p.A. is an international energy company primarily engaged in the discovery, development, and extraction of crude oil and natural gas resources. Its operations are organized into distinct divisions: Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities. The Exploration & Production division is responsible for the research, development, and output of oil, condensates, and natural gas, additionally undertaking initiatives in forestry conservation and carbon dioxide capture and storage. Its Global Gas & LNG Portfolio division oversees the procurement and wholesale distribution of natural gas via pipelines, including international transport, along with the acquisition and sale of liquefied natural gas (LNG). The Refining & Marketing and Chemicals segment manages the processing, supply, distribution, and commercialization of various fuels and chemical products. The Plenitude and Power segment, formerly known as Eni gas e luce, handles the retail provision of gas and electricity, alongside related services, and is involved in generating and wholesaling electricity from both thermoelectric and renewable power facilities. As of December 31, 2021, the company declared net proved reserves totaling 6,628 million barrels of oil equivalent and possessed an operational capacity of 4.5 gigawatts (GW). Established in 1953, Eni's corporate headquarters are situated in Rome, Italy.
Business History
Price Overview
Price at report time · Jul 3, 4:49am (0m ago)
$46.87
Change · Jul 3
+1.30 (+2.85%)
Day Range
$46.26 – $46.87
52-Week Range
$32.33 – $58.00
50-Day MA
$52.83
200-Day MA
$44.45
Volume
473,419.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$64.30
Consensus
$64.30
High
$64.30
(3 analysts)
Share Structure
Outstanding
1,460,562,799.00
Float
1,419,439,599.00
Free Float
97.2%
High free float
— 97.2% of shares trade freely, ~2.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
23.96
Stock Price: $46.87
EPS (Diluted): 1.72
EPS (Diluted): 1.72
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.14
Stock Price: $46.87
Total Equity: $42.94B
Shares: 1,544,050,000
Total Equity: $42.94B
Shares: 1,544,050,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
6.00
Market Cap: $68.46B
Total Debt: $33.50B
Cash: $8.10B
EBITDA: $21.30B
Total Debt: $33.50B
Cash: $8.10B
EBITDA: $21.30B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$79.9B
Market Cap: $68.46B
Total Debt: $33.50B
Cash: $8.10B
Total Debt: $33.50B
Cash: $8.10B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
9.4%
Gross Profit: $7.75B
Revenue: $82.15B
Revenue: $82.15B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
5.5%
Operating Income: $4.51B
Revenue: $82.15B
Revenue: $82.15B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.2%
Net Income: $2.61B
Revenue: $82.15B
Revenue: $82.15B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
5.2%
Net Income: $2.61B
Total Equity: $42.94B
Total Equity: $42.94B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
1.6%
Operating Income: $4.51B
Tax Rate: 52.3%
Equity: $42.94B
Total Debt: $33.50B
Cash: $8.10B
Tax Rate: 52.3%
Equity: $42.94B
Total Debt: $33.50B
Cash: $8.10B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.19
Current Assets: $40.86B
Current Liabilities: $34.27B
Current Liabilities: $34.27B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.78
Short-Term Debt: $8.36B
Long-Term Debt: $25.14B
Total Debt: $33.50B
Total Equity: $42.94B
Long-Term Debt: $25.14B
Total Debt: $33.50B
Total Equity: $42.94B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$53.20
Revenue: $82.15B
Shares: 1,544,050,000
Shares: 1,544,050,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$27.81
Total Equity: $42.94B
Shares: 1,544,050,000
Shares: 1,544,050,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$3.00
Operating CF: $13.33B
CapEx: -$8.70B
Shares: 1,544,050,000
CapEx: -$8.70B
Shares: 1,544,050,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
6.3%
Last Dividend: N/A
Stock Price: $46.87
Stock Price: $46.87
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.61B
Net Income: $2.61B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares E against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 3, 2026 4:49am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $76.6B | $132.5B | $93.7B | $88.8B | $82.2B |
| Cost of Revenue | $61.7B | $105.6B | $80.2B | $77.3B | $74.4B |
| Gross Profit | $14.9B | $26.9B | $13.5B | $11.5B | $7.7B |
| Operating Expenses | $3.1B | $6.2B | $3.7B | $1.4B | $3.2B |
| Operating Income | $11.7B | $20.7B | $9.7B | $10.2B | $4.5B |
| Net Income | $5.8B | $13.9B | $4.8B | $2.6B | $2.6B |
| EBITDA | $18.8B | $30.4B | $19.1B | $15.6B | $21.3B |
| EPS | $3.22 | $7.92 | $2.82 | $1.58 | $1.72 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 3, 2026 4:49am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $8.3B | $10.2B | $10.2B | $8.2B | $8.1B |
| Total Current Assets | $57.6B | $61.6B | $46.7B | $43.6B | $40.9B |
| Total Assets | $143.6B | $156.4B | $146.4B | $150.1B | $139.2B |
| Current Liabilities | $43.2B | $48.7B | $36.1B | $37.8B | $34.3B |
| Long-Term Debt | $28.7B | $24.4B | $26.8B | $26.6B | $25.1B |
| Total Liabilities | $104.1B | $106.1B | $97.8B | $99.4B | $91.4B |
| Total Equity | $39.4B | $49.8B | $48.1B | $47.8B | $42.9B |
| Retained Earnings | $28.6B | $37.3B | $37.8B | $35.2B | $35.8B |
Cash Flow (Annual)
Last updated: Jul 3, 2026 4:49am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $12.9B | $17.5B | $15.1B | $13.1B | $13.3B |
| Capital Expenditure | -$5.0B | -$7.7B | -$8.7B | -$8.0B | -$8.7B |
| Free Cash Flow | $7.9B | $9.8B | $6.4B | $5.1B | $4.6B |
| Acquisitions (net) | -$1.6B | -$1.5B | -$776.0M | $1.0B | $2.0B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$400.0M | -$2.4B | -$1.8B | -$2.0B | -$1.9B |
| Net Change in Cash | -$1.2B | $1.9B | $38.0M | -$2.0B | -$83.0M |
Analyst Estimates (Annual)
Last updated: Jul 3, 2026 4:49am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$88.6B $62.3B – $107.2B
|
$91.5B $70.0B – $113.5B
|
$89.9B $68.7B – $111.4B
|
$119.4B $91.3B – $148.0B
|
| EBITDA |
$19.7B $13.9B – $23.9B
|
$20.4B $15.6B – $25.3B
|
$20.0B $15.3B – $24.8B
|
$26.6B $20.3B – $33.0B
|
| Net Income |
$7.4B $6.2B – $8.1B
|
$7.7B $5.3B – $10.1B
|
$8.1B $5.6B – $10.6B
|
$10.1B $7.0B – $13.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 3, 2026 4:49am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +73.0% | -29.3% | -5.2% | -7.5% |
| Gross Profit Growth | +81.2% | -50.0% | -14.3% | -32.9% |
| Operating Income Growth | +76.6% | -53.0% | +4.2% | -55.6% |
| Net Income Growth | +138.6% | -65.6% | -45.0% | -0.6% |
| EBITDA Growth | +61.8% | -37.1% | -18.2% | +36.3% |
Dividend History (Last 20)
Last updated: Jul 3, 2026 4:49am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-19 | $0.63 | 2026-04-02 | 2026-05-19 | 2026-06-05 |
| 2026-03-24 | $0.60 | 2026-02-25 | 2026-03-24 | 2026-04-08 |
| 2025-11-25 | $0.60 | 2025-09-04 | 2025-11-25 | 2025-12-05 |
| 2025-09-23 | $0.61 | 2025-07-24 | 2025-09-23 | 2025-10-07 |
| 2025-05-20 | $0.57 | 2025-04-11 | 2025-05-20 | 2025-06-09 |
| 2025-03-25 | $0.58 | 2025-03-04 | 2025-03-25 | 2025-04-07 |
| 2024-11-19 | $0.52 | 2024-06-05 | 2024-11-19 | 2024-12-06 |
| 2024-09-24 | $0.62 | 2024-06-05 | 2024-09-24 | 2024-10-07 |
| 2024-05-20 | $0.54 | 2024-04-15 | 2024-05-21 | 2024-06-07 |
| 2024-03-18 | $0.56 | 2024-02-23 | 2024-03-19 | 2024-04-08 |
| 2023-11-20 | $0.55 | 2023-10-31 | 2023-11-21 | 2023-12-07 |
| 2023-09-18 | $0.54 | 2023-08-03 | 2023-09-19 | 2023-10-06 |
| 2023-05-22 | $0.51 | 2023-04-04 | 2023-05-23 | 2023-06-08 |
| 2023-03-20 | $0.52 | 2023-02-27 | 2023-03-21 | 2023-04-07 |
| 2022-11-21 | $0.46 | 2022-08-24 | 2022-11-22 | 2022-12-07 |
| 2022-09-19 | $0.42 | 2022-08-24 | 2022-09-20 | 2022-10-07 |
| 2022-05-23 | $0.98 | 2022-03-09 | 2022-05-24 | 2022-06-08 |
| 2021-09-20 | $1.17 | 2021-09-21 | 2021-10-07 | |
| 2021-05-24 | $0.71 | 2021-04-29 | 2021-05-25 | 2021-06-10 |
| 2020-09-21 | $0.33 | 2020-09-08 | 2020-09-22 | 2020-10-08 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for E — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.373 · 697c9e64 · 2026-07-02 20:17:59