Eni Monetizes Oil Past to Finance Clean Energy Future: Report
Italian oil company Eni plans to spin-off interests in oil and gas projects to focus on low-carbon activities. It also aims to raise funds through deals and divestitures.
What’s Going On With Italian Energy Company Eni Shares Today?
Eni reportedly plans to sell minority stakes in biofuel and bio-plastic units, aiming for EUR1.3B. It may also set up separate entities for greener businesses.
Tsakos Energy Navigation Sails Past Revenue Estimates Despite Choppy Waters In Q4
Tsakos Energy Navigation Ltd reported Q4 revenue of $220.2M, down from $270.3M in prior year. EPS was $0.85, below $3.17 in prior year. Adjusted EBITDA was $124M. Cash reserves at $377M, debt at $1.56. Plans to pay $0.60 dividend in June 2024, double the amount in 2023.