Eni is an Italian multinational oil and gas company. Founded 65 years ago, it is now amongst the world’s largest industrial companies by market capitalisation.
Eni has also been perpetually ranking among the top 100 on Fortune Global 500 list for largest companies in terms of revenue.
Popular Italian stock broker TradeFW provides the overview of investing potential of this multinational company.
Eni – from a small Italian company to a global giant in the oil & gas industry
Eni was founded in 1953 from an existing company, Agip – which is now its subsidiary. Initially, the name of Eni had a particular significance – Ente Nazionale Idrocarburi (National Hydrocarbons Authority); however, years later, the company expanded its expertise and the name was no longer relevant.
The oil price collapse from 1998 was the one that forced Eni to make some changes both in the explorations department, as well as in the international acquisitions one. The results of these transitional changes were the ones that marked the beginning of one of the most successful companies in the world. Some of the biggest achievements include: the Kashagan oilfield discovery in 2000; the Iraqi Zubair oilfield discovery in 2010; the Mamba South/North and North East natural gas fields discovery in 2011-2012; as well as the gas field discovery on the Egypt coast. In January 2015, Eni signed a $7 billion contract with the government of Ghana to produce oil and gas in the Western Region of Ghana.
The array of products and services that Eni offers in the present times is vast. Apart from gas and oil – the company is also a lead operator in the refining and marketing of petroleum products at retail markets in Europe; it also engages in the petrochemical and electricity generation businesses. Eni operates through its 5 subsidiaries, 4 of which it fully owns and expands over 79 countries. Its headquarters are located in Rome, Italy – the company’s key people are Chairwoman Emma Marcegaglia and CEO Claudio Descalzi.
Eni on the Stock Market
Eni is publicly listed and can be traded on the Italian Stock Exchange (BIT: ENI) and the New York Stock Exchange (NYSE: E). The Italian government owns a 30.303% golden share of the company; while another 2.012% of the shares belong to the People’s Bank of China. No wonder everybody wants to be part of it! The company is one of the world’s largest publicly traded oil and gas companies and has an appealing financial health, as well as a promising future, according to analysts!
With a total debt well-covered by the operating cash flow, in the fiscal year of 2017 – Eni had €70.980 billion in revenue, a €5.795 billion operating income; and €80.416 billion in total assets. The company’s earnings growth is positive and has been like this for the previous 5 years, as well. More than that, the earnings growth rate is expected to reach 3.2% in the following three years – which is a great sign for investors!
How to invest in the Eni stock
Because all you need to invest in a Eni stock is a contract for difference (CFD) and a broker, we’ll provide a quick and efficient guide. TradeFw.com is a stock broker that any investor could work with professionally; no matter the level of experience you might have. We’ll use it as an example in the following guide.
Make sure the broker is regulated
Your capital is at stake, so before anything else, you should check whether the company you’re about to work with is licensed by a regulatory body or not. As you can see, TradeFw proudly shows on its homepage that it is licensed and regulated by CySEC.
Choose a suitable account type
If you’re a beginner, there’s no reason why you should go for an account that was designed for experienced investors only. TradeFw made this decision easier for its clients, by offering two account types (standard and VIP), that contain features for beginners and advanced investors.
Check the fees and commissions for CFDs & stock trading
If you want to invest in one of the biggest companies in the world from the oil & gas industry, while also enjoying the services offered by a broker – well, that comes with a cost! Make sure to check the commission rates and other fees. Not all brokers are like TradeFw and list them transparently, so do all it takes to not miss this step!
Create a trading plan that includes a strategy, objectives and your financial goals
You can’t jump right in without a plan, especially since we’re talking about such a grand company! Invest in this stock just when you know the exact results you want from this investment and the way you will reach those results and when.
Many successful traders choose to invest in Eni because of how well and stable it performs on the stock market. There’s no reason why you should hesitate investing in this stock. It can be a great addition to your portfolio and has all the chances to bring you very, very pleasant returns!