Eni Confirms €2 Billion Plan to Reshape Italy Chemicals Unit [Financial Post (Toronto, Ontario, Canada)]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Eni SpA will invest about €2 billion ($2.2 billion) over five years to relaunch its aging chemicals business in Italy. With the plan, the oil and gas major aims to significantly reduce the exposure of its unit Versalis to the basic chemicals sector, which is facing “structural and irreversible decline in Europe”, according to a company statement on Thursday. Activity at Versalis's cracking plants in Puglia and Sicily, and the polyethylene plant in Sicily, will be phased out, Eni said. The announcement confirms an earlier report by Bloomberg. The move comes as Europe's chemicals industry faces a pivotal moment amid high energy costs and competition from Asia. Saudi Arabia's SABIC decommissioned a naphtha cracking facility in the Netherlands this year while Exxon Mobil Corp. is closing chemicals operations in France. LyondellBasell in May announced a review of some Europe
Show less
Read more
Impact Snapshot
Event Time:
E
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
E alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
E alerts
High impacting ENI S.p.A. news events
Weekly update
A roundup of the hottest topics
E
News
- Oil Trader Faces Lawsuit Over Company Hit by US-Iran Sanctions [Yahoo! Finance]Yahoo! Finance
- Austria Braces for End of Six Decades of Russian Gas Dependence [Yahoo! Finance]Yahoo! Finance
- Shell Overturns Dutch Court Order to Slash Emissions Faster [Yahoo! Finance]Yahoo! Finance
- Marine Electronics Global Industry Market Report 2024-2030: Advancements in GPS, Radar, and AIS Systems, & Growing Importance of Vessel Fuel Efficiency and Route Optimization Propels Demand [Yahoo! Finance]Yahoo! Finance
- Eni S.p.A. (NYSE: E) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
E
Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/6/24 - Form 6-K
- E's page on the SEC website