- Buybacks and dividends give Eni a fantastic yield profile.
- Moreover, Eni is better positioned than most other oil majors for the renewable transition, with extensive relationships in the far-ahead Italian renewable energy cluster.
- Biogas also remains an interesting exposure, acting as a hedge for a less complete renewable energy transition.
- Multiples remain exceptionally low, same as BP, indicating a very muted expectation by markets for the oil price despite current commodity inflation.
- Similar attractiveness to BP and deserves a closer look by yield hunters.
For further details see:
Eni: The Best Payout In Oil And Gas