Eni reports big oil discovery off Ivory Coast

  • Eni (E) says it made a major oil discovery offshore Ivory Coast it says could contain as much as 2B barrels of oil.
  • The company says it found light oil in its 90%-owned block CI-101, which could hold 1.5B-2B barrels of oil in place and 1.8T-2.4T cf of associated gas.
  • The Baleine-1x exploration well 60 km off the coast is Eni 's first drilled in the Ivory Coast, where the company has stakes in four other deepwater blocks.
  • Eni recently said it made a new discovery offshore Mexico which could contain 150M-200M boe in place.

    Over the current book year the total revenue will be 65.23 billion euros (consensus estimates). This is hugely more than 2021's revenue of 43.99 billion euros.

    Historical revenues and results Eni plus estimates 2021


    The analysts expect for 2021 a net profit of 3.08 billion euros. The majority of the analysts expects for this year a profit per share of 84 cent. The price/earnings-ratio is then 12.65.

    Huge dividend Eni

    For this year the analysts expect a dividend of 83 cents per share. The dividend yield is then 7.81 percent. The average dividend yield of the oil & gas producers is an attractive 2.91 percent.

    Based on the current number of shares Eni 's market capitalization equals 37.98 billion euros. 44

    At 17.17 the stock trades 0.88 percent lower at 10.63 euros.

    Historical stock prices Eni period 2007-2021

    fundamental data eni

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