This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

(Graphic: Business Wire)

Stock quotes in this article: E

S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Eni SpA.

Eni SpA (NYSE: E), an integrated energy company, engages in oil and gas exploration & production, international gas transportation and marketing, power generation, refining and marketing, petrochemicals and oilfield services. The company is also engaged in the transportation, distribution and storage of gas in Italy through Snam SpA (Eni's interest being 20.22%). In 2011, Snam SpA has been identified by the company as a non-core asset and on May 30, 2012, Eni announced the sale of a 30% controlling stake in Snam Spa. The transaction was completed.

Exploration & Production (E&P) is Eni's largest division, accounting for approximately $52.5 billion of 2011 net capital employed.

In 2011, Eni reported liquids and gas production of 1,581 kboe/d which was affected by the temporary shutdown of the company's activities in Libya. Excluding the impact of events in Libya and lower entitlements in the company's PSAs due to higher oil prices, production was in line with 2010 (1,815 kboe/d). In 2011, the division accounted for $22 billion out of the company's overall adjusted operating profits of $25 billion.

The Gas & Power (G&P) division is engaged in supply, transport, distribution and sale of natural gas. It buys gas, mainly from long-term suppliers such as Russia's Gazprom, Algeria's Sonatrach and others, but also equity gas from E&P. It transports gas through international pipelines and markets the gas, leveraging on a leading position in Europe, and transforms a portion of it into electricity.

Eni has a relatively small Refining & Marketing business (R&M), with around 750kboe/d of refining capacity, and over 6,000 service stations, of which the majority in Italy.

The company operates in Engineering, Construction & Drilling (offshore & onshore) for the oil & gas industry through Saipem, a 43% owned subsidiary. Saipem is well positioned in the market of large, complex projects for the development of offshore hydrocarbon fields leveraging on its technical and operational skills.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs