Introduction
Due to the sheer turmoil across the oil and gas industry, one of the main questions that investors are asking is which companies will reduce their dividends. When Eni (E) held their conference call for the first quarter of 2020, management deferred the question by stating that “… in July, we can update on the dividend.” I have previously warned that their dividend was under threat and this article provides an update that incorporates their latest financial results, new guidance, recent changes in operating conditions as well as additional considerations.