BRIEF-Eni CEO says deal with Petronas is transformational

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- Eni ENI.MI executive say in post-results call:

  • ENI CEO: GROUP IS ACCELERATING RESTRUCTURING OF CHEMICAL BUSINESS WITH EARLY CLOSURES OF TWO STEAM CRACKERS IN ITALY

  • ENI CEO: JV WITH PETRONAS WILL FOCUS ON 19 BLOCKS IN INDONESIA AND MALAYSIA

  • ENI EXEC: NEW LNG CONTRACT WITH VENTURE GLOBAL IS VERY COMPETITIVE

  • ENI CEO: ASKED ABOUT SUCCESSION PLAN, SAYS THERE IS NO WORRY INSIDE GROUP BECAUSE MANAGEMENT TEAM IS STRONG

  • ENI CEO: JV WITH PETRONAS IS TRANSFORMATIONAL PROJECT FOR GROUP

  • ENI CEO: THERE IS A POSSIBILITY THAT SHARE BUY BACK COULD BE INCREASED, WILL SEE IN NEXT MONTHS

  • ENI CEO: SATELLITE STRATEGY AND BUSINESS COMBINATIONS ARE HELPING US TO REDUCE OVERLAPS AND COSTS

  • ENI EXEC: GROUP IS FOCUSED ON OWN RESOURCES IN NAMIBIA, NOT INTERESTED IN SALE PROCESS BY GALP

  • ENI EXEC SEES AROUND 100 MILLION EURO POSITIVE EFFECTS IN H2 2025 FROM CLOSURE OF CRACKERS IN ITALY

  • ENI EXEC: MORE POSITIVE IMPACT FROM CHEMICAL RESTRUCTURING EXPECTED IN 2026

  • ENI EXEC: PLAN IS TO TAKE FINAL INVESTMENT DECISION (FID) ON ARGENTINA LNG PROJECT BY Q1 2026

Source text: [ID:]

Further company coverage: ENI.MI


(Reporting by Milan newsroom)

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