0939 GMT - Eni's 3Q earnings were better than market expectations, boosted by gas trading and lower tax, Citi analysts say in a note. The Italian energy company lifted its buyback guidance by 25% thanks to asset sales and a lower payout ratio compared with rivals, the analysts say. Its share valuation is now 5%-10% higher than European oil peers like TotalEnergies, Shell, and BP, which is unusual compared to past trends and likely limits potential for further gains, they say. Shares are up 0.7% at 14.32 euros. (christian.moess@wsj.com)
(END) Dow Jones Newswires
October 25, 2024 05:40 ET (09:40 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。