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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Eni SpA is on track to complete its asset selloff plan ahead of schedule, having already sold €5.9 billion worth of assets, with an additional €3 billion expected by the end of 2025. The Italian energy group aims to divest €8 billion in total by 2027, focusing on upstream activities and stakes in various units. Eni's strategy includes transitioning away from hydrocarbon-related operations to support its energy transition plan, with plans to spin off a new carbon capture and storage division.
Eni SpA is progressing rapidly with its asset selloff plan, having already completed over half of its target. According to UBS, the Italian energy group has sold assets worth €5.9 billion and is expected to announce an additional €3 billion in sales by the end of 2025, primarily focusing on its upstream business.
UBS has maintained a 'Buy' rating for Eni, setting a target price of 15.50 euros. Analyst Joshua Stone noted that the restructuring of Versalis is in progress, with the discontinuation of steam crackers for ethylene production in Italy expected to impact earnings from 2026, while positive contributions are anticipated from 2027. As of December 4, Eni's stock was trading at approximately 13.41 euros, reflecting a slight decline of 0.58%.
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