Name: Eni eyes new oil and gas spin-offs in energy transition satellite strategy
Uploaded: 2024-05-13T05:22:25-04:00
Duration: 5 min
Description: By Francesca Landini and Ron Bousso MILAN (Reuters) – Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said. Such deals would expand veteran CEO Claudio Descalzi’s strategy to split […]

Tag: Spinoffs

Eni eyes new oil and gas spin-offs in energy transition satellite strategy

By Francesca Landini and Ron Bousso MILAN (Reuters) – Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said. Such deals would expand veteran CEO Claudio Descalzi’s strategy to split […]

GE, 3M Spinoffs Join S&P 500, Divide Investors Over Valuation

(Bloomberg) — Corporate breakups have come back in vogue, but only one of the two blue-chip spinoffs joining the S&P 500 Index this week found favor with investors. Most Read from Bloomberg GE Vernova Inc., General Electric’s clean energy spinoff, has climbed some 19% from the start of early trading to outshine the index’s flat […]