Eni SpA (MIL:ENI)
€ 14.66 -0.168 (-1.13%) Market Cap: 46.83 Bil Enterprise Value: 66.46 Bil PE Ratio: 13.70 PB Ratio: 0.86 GF Score: 80/100

Q2 2021 Eni SpA Earnings Call Transcript

Jul 30, 2021 / 12:00PM GMT
Release Date Price: €10.02 (+0.10%)
Operator

Good afternoon, ladies and gentlemen, and welcome to Eni's first half 2021 Results Conference Call, hosted by Mr. Claudio Descalzi, Chief Executive Officer. (Operator Instructions)

I am now handing you over to your host to begin today's conference.

Claudio Descalzi
Eni S.p.A. - CEO, GM & Director

Thank you, and good afternoon, and welcome to Eni's first half conference call. In the first part of the year, we witnessed a strong recovery in the energy market. The rebound in global GDP, the growth in oil consumption and the OPEC Plus agreement translated into a steady increase in crude prices. The gas market is similarly recovering with summer prices at decade highest. While a highly volatile environment persists, oil and gas fundamentals remain positive. Today, we'll focus on 3 elements, which define our investment case. First, the 2021 shareholder distribution with the dividend raised to pre-COVID level, confirming our commitment to share part of our excess cash generation with shareholders. Second, the progress achieved on our retail and renewable

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