We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eni (E) Signs MoU With Sonangol for Decarbonization Efforts
Read MoreHide Full Article
Eni SpA’s (E - Free Report) CEO Claudio Descalzi signed a memorandum of understanding (MoU) with Sonangol in order to expand the scope of understanding between the two companies. They plan to do so by conducting research on the agribusiness value chain and other decarbonization matters, such as energy transition minerals and innovation ecosystem.
Per the terms of the MoU, Eni and Sonangol will work in tandem to identify and assess opportunities in the energy transition field. Their efforts will also include assessment of agro-industrial supply chains for the generation of low-carbon fuels, valorization of residual biomass and the use of green ammonia for agro-industrial applications.
The companies will also evaluate agribusiness potential, including research to support synergies across national agricultural food and bioenergy value chains. They will do so with an eye on improved seeds and biotechnologies, mechanization, fertilizers and logistics services.
Other potential areas of cooperation include energy transition minerals, innovation ecosystem, development of innovative technologies and digital solutions in the fields of energy transition and agribusiness. Eni and Sonangol will do so by lending support to the environment of start-ups and small medium enterprises.
The MoU supports Sonangol's decarbonization strategy to invest in and implement energy projects that employ greener sources. It is also in line with Eni's vision to play a significant role in the overall decarbonization process.
In accordance with the terms of the Paris Climate Change Agreement and the Sustainable Development Goals, the MoU further strengthens Eni's objectives by encouraging dependence on renewable energy sources and other low-carbon energy vectors and technologies.
Sunoco, a distributor of motor fuel to approximately 10,000 convenience stores, has a stable business model with sustainable and predictable cash flows. For this year, SUN has witnessed an upward earnings estimate revision in the past 30 days.
Murphy USA, a leading retailer of gasoline, operates stations close to Walmart supercenters and sells low-cost, high-volume fuel. MUSA, with more than 1,700 stores, witnessed an upward earnings estimate revision for 2023 in the past seven days.
Dril-Quip is a leading provider of highly engineered equipment, service and innovative technologies that are being employed in the energy sector. DRQ’s balance sheet has zero debt, highlighting a sound financial position.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Eni (E) Signs MoU With Sonangol for Decarbonization Efforts
Eni SpA’s (E - Free Report) CEO Claudio Descalzi signed a memorandum of understanding (MoU) with Sonangol in order to expand the scope of understanding between the two companies. They plan to do so by conducting research on the agribusiness value chain and other decarbonization matters, such as energy transition minerals and innovation ecosystem.
Per the terms of the MoU, Eni and Sonangol will work in tandem to identify and assess opportunities in the energy transition field. Their efforts will also include assessment of agro-industrial supply chains for the generation of low-carbon fuels, valorization of residual biomass and the use of green ammonia for agro-industrial applications.
The companies will also evaluate agribusiness potential, including research to support synergies across national agricultural food and bioenergy value chains. They will do so with an eye on improved seeds and biotechnologies, mechanization, fertilizers and logistics services.
Other potential areas of cooperation include energy transition minerals, innovation ecosystem, development of innovative technologies and digital solutions in the fields of energy transition and agribusiness. Eni and Sonangol will do so by lending support to the environment of start-ups and small medium enterprises.
The MoU supports Sonangol's decarbonization strategy to invest in and implement energy projects that employ greener sources. It is also in line with Eni's vision to play a significant role in the overall decarbonization process.
In accordance with the terms of the Paris Climate Change Agreement and the Sustainable Development Goals, the MoU further strengthens Eni's objectives by encouraging dependence on renewable energy sources and other low-carbon energy vectors and technologies.
Zacks Rank & Key Picks
Eni currently carries a Zack Rank #3 (Hold).
Some better-ranked stocks for investors interested in the energy sector are Sunoco LP (SUN - Free Report) , Murphy USA Inc. (MUSA - Free Report) and Dril-Quip, Inc. . While both Sunoco and Murphy USA sport a Zacks Rank #1 (Strong Buy), Dril-Quip carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sunoco, a distributor of motor fuel to approximately 10,000 convenience stores, has a stable business model with sustainable and predictable cash flows. For this year, SUN has witnessed an upward earnings estimate revision in the past 30 days.
Murphy USA, a leading retailer of gasoline, operates stations close to Walmart supercenters and sells low-cost, high-volume fuel. MUSA, with more than 1,700 stores, witnessed an upward earnings estimate revision for 2023 in the past seven days.
Dril-Quip is a leading provider of highly engineered equipment, service and innovative technologies that are being employed in the energy sector. DRQ’s balance sheet has zero debt, highlighting a sound financial position.