Eni’s clean energy strategy deserves more credit

Quick Summary:

Equity market sentiment towards clean energy businesses clearly is not good enough to support that as yet.

Oil investors’ preoccupation with just securing more share buybacks also plays its part — despite Eni recently improving its distributions policy to 30 to 35 per cent of cash flow from operations, versus 25 to 30 per cent previously.

Eni is in talks with KKR to sell a 20 to 25 per cent stake in its biofuels business Enilive.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: MarketsFinanceInvesting

Markets: United States

Topics: Financial Satellite Cent Biofuels Value Business Energy Year Enilive Been Businesses

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 14:00:35 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21752572

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions