Eni SpA

NYSE:EUnited States

By Christian Moess Laursen

Eni sold its two Alaskan offshore oil fields Nikaitchuq and Oooguruk for $1 billion to Hilcorp.

The Italian energy major said Monday the deal, announced in June, was now completed.

07:52 AM EDT, 10/29/2024 (MT Newswires) -- Eni's (E) Italian stock has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from EUR13 to EUR18.50. (MT Newswires covers equity, commodity and econ...

0943 GMT - Shares in European oil-and-gas majors are taking a hit from a sharp fall in oil prices. Brent crude oil and WTI are down more than 4% in morning trading in Europe as Middle East tensions eased and a spreading regional war seems less likely. Israel's attack on Iran over the weekend was more contained than expected and no nuclear or oil infrastructure was targeted, clearly signaling a de-escalation of tensions, Swissquote Bank analyst Ipek Ozkardeskaya says in a note. Shares in the U.K.'s Shell and BP are down 2.1% at 24.97 pounds and 2.0% at 3.97 pounds. Meanwhile, France's TotalEnergies traded lower at 1.1% at 59.64 euros. Italy's Eni and Norway's Equinor are down 1.8% at 14.17 euros and 3.9% at 271.50 Norwegian kroner, respectively. (christian.moess@wsj.com)