Eni's Resource Depth Could Drive Faster Growth, RBC Says
RBC analyst Biraj Borkhataria sees Eni growing ahead of its targets thanks to exploration success, while shares fell 0.8% to 24.84 euros.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Italian oil major Eni could expand well beyond its own goals, according to RBC Capital Markets analyst Biraj Borkhataria, as reported by Market Talk. He argues that exploration results will change the makeup of the company's upstream assets and position it for sizeable expansion ahead of rival producers.
RBC projects total output rising 8% through 2027 and by nearly 10% in 2028, with the outcome hinging on how projects in Venezuela advance. At the time of the report, Eni shares were down 0.8% at 24.84 euros.
why it matters
This is one analyst's view rather than a company decision, so its effect is mainly on sentiment toward Eni and other European majors. The dependence of the forecasts on Venezuela adds a clear source of uncertainty.
tags
instruments
sources
- Eni's Upstream Resource Depth Pays Dividends — Market Talk, 9 November 2026 at 08:43 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗