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Eni SWOT & PESTLE Analysis

ID : 52524553| Mar 2019| 15 pages

COMPANY PROFILE -ENI

Business Sector :Oil and Gas.

Operating Geography :Italy, Europe, Global

About ENI :

ENI S.P.A. (ENI) was established in 1953 as an oil producing and refining company in Italy, Europe. The company engages in 3 lines of business namely, Exploration and Production, Gas and Power and, Refining and Marketing. Their upstream business includes exploration and production activities like oil and natural gas exploration and field production along-with production of LNG gas fields in more than 40 countries including Italy, Libya, Norway, Egypt, Angola, U.K., U.S.A, Russia, Kazakhstan, Australia, Indonesia, etc. As on 31st December, ENI's proven hydrocarbon reserves mounts to 6990 million barrels of Oil equivalents. ENI's Gas and Power unit includes trading, supply and marketing of natural gas, LNG, electricity, international gas transport activities and commodity trading. ENI's Refining and Marketing segment includes activities like supply of crude oil, refining and marketing of petroleum and its products in retail and wholesale markets nationally and internationally. ENI has its operations in 71 countries globally and employs over 32,000 employees as on 2018.

ENI Revenue :


€ 75,810 million - FY ended 31st December 2018 (year-on-year growth of 13.28%)
€ 66,919 million - FY ended 31st December 2017

Competitive Analysis of ENI

SWOT
PESTLE
The SWOT Analysis for ENI is presented below:
Strengths
Weaknesses
1. Strong Global Presence and Financial discipline
2. Delivering operational excellence
3. R&D and innovation
4. Commitment to strategic planning and objectives
5. Strong sustainability statement and low carbon footprint vision
1. Allegations of unethical business practices
2. Limited success outside core business
3. Rigid Organizational Structure
4. High rate of oil spills
Opportunities
Threats
1. Expansion in the Middle East
2. ENI's Egyptian upside
3. 100% replacement ratio
4. Strategy 2018-2021: Growth and value across all business units
5. 360 degree sustainability initiatives
1. Growing energy demand and environmental concerns
2. Potential market risks and global oil price volatility
3. Country and geographical threat
4. Operational and Health and Safety risks
5. Threat associated with trading environment and competition in the market
SWOT & PESTLE (combined)
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Detailed SWOT Analysis of ENI

 

Strength

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Weakness

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Opportunity

1. Expansion in the Middle East: Middle East is one of the richest oil and gas producing regions in the world. CEO Claudio Descalzi in Feb 2019 stated" it's not finished, we've started", referring to company's plan to expand its Middle East market and reduce its alliance form African states. ENI has secured 9 deals in UAE in 2018, gained a foothold in Bahrain, expanded in Oman and decided to buy $3.3 billion worth of world's 4th largest refinery in UAE which will help to increase ENI's downstream capacity by 35%. In a groundbreaking deal, ENI has invested 20 percent in Abu Dhabi National Oil Company’s (ADNOC) refining business in January 2019 for around $3.3 billion which also furthers Eni’s diversification away from Africa. Its CEO also stated that ENI is looking forward to Asian market for its gas expeditions and Alaskan gulf for its oil expedition which consists of huge potential for revenue generation market for ENI.

2. ENI's Egyptian Upside: ENI has been operating in Egypt since 1954, ENI leveraged huge opportunity in natural gas production in Egypt as the demand for natural gas consumption in Egypt soared after the Egyptian Civil Crises in 2013. ENI sensed the opportunity in Egyptian natural gas market and discovered the offshore Zohr Field though "Dual Exploration Technique" in 2015 and achieved its first gas in 2017. The Zohr field is expected to house 30 trillion cubic feet of gas in place, equals to 850 cubic meters or 5.5 billion barrels of oil equivalent. ENI holds 50% of working capital interest in the Zohr field. ENI expects to boost up the production from Zohr field to 3.2 Bcf/d by 2019, equals to 33 billion cubic meters per year. Currently the output rests at 2 Bcf/d which is equivalent to 21 billion cubic meters per year.

3. 100% reserve replacement ratio: Reserve replacement ratio is the ratio of amount of proven hydrocarbon reserves added in the company's operating asset against the amount of oil and gas produced during that year. The ratio is used by investors to map the operating performance of an oil and gas company. ENI during the course of its operations in 2017-18 managed to add new proven reserves of resources with a value of around 673 millions of oil equivalent which was sufficient enough for ENI to replace the resources company extracted from the ground. It is important for an oil producing company to gather as much natural reserves because the energy business is an extractive one and the resource supply is finite from the geography, hence companies in business like ENI must continually discover or otherwise obtain new sources of oil and gas before running out of resource supply.

The remaining section of “Strength” is available only in the 'Complete Report' on purchase.

Threat

This section is available only in the 'Complete Report' on purchase.

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TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in ENI Analysis Report

1. Investors Page- https://www.eni.com/en_IT/investors.page

2. Sustainability Page- https://www.eni.com/en_IT/sustainability.page

3. Media Page- https://www.eni.com/en_IT/media.page

4. Profits fall despite high oil prices- https://www.reuters.com/article/us-total/total-profits-fall-despite-high-oil-prices-idUSTRE76S10F20110729

5. Profit declines with weak revenue production- https://markets.businessinsider.com/news/stocks/eni-spa-q4-profit-declines-with-weak-revenue-production-lifts-dividend-1027955799

Copyrights and Disclaimer

Eni SWOT and PESTLE analysis has been conducted by Rizul Agarwal and reviewed by senior analysts from Barakaat Consulting.

Copyright of Eni SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

Eni SWOT & PESTLE Analysis
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