S&P Capital IQ Initiates Coverage on ENI S.P.A. ADS. in Standard & Poor’s Factual Stock Reports Business Wire NEW YORK -- January 31, 2013 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. Eni also owns & operates Versalis, a petrochemical company with a wide portfolio of petrochemical products. Eni is active in 85 countries with 79,000 employees. Standard & Poor’s Factual Stock Report coverage on Eni SpA will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit -http://www.eni.com for additional information. About Standard & Poor's Factual Stock Reports Currently profiling approximately 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks. Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account. About S&P Capital IQ S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations, and Compustat; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need. For more information visit www.spcapitaliq.com. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130131005104/en/ Multimedia Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50547927&lang=en Contact: Eni Spa Investor Relations, +39-02-520-51651 firstname.lastname@example.org or S&P Capital IQ Customers Richard Albanese, 212-438-3647 email@example.com or Media Relations Michael Privitera, 212-438-6679 michael_Privitera@spcapitaliq.com
S&P Capital IQ Initiates Coverage on ENI S.P.A. ADS. in Standard & Poor’s Factual Stock Reports
Press spacebar to pause and continue. Press esc to stop.