What does ENI mean in News & Media?

Eni

Eni S.p.A. (Italian pronunciation: [ˈɛːni]) is an Italian multinational oil and gas company headquartered in Rome. Considered one of the global supermajors, it has operations in 79 countries, and is currently world's 11th largest industrial company with a market capitalization of 68 billion euros (US$ 90 billion), as of August 14, 2013. The Italian government owns a 30.303% golden share in the company, 3.934% held through the state Treasury and 26.369% held through the Cassa Depositi e Prestiti. Another 2.012% of the shares are held by the People's Bank of China. The company is a component of the Euro Stoxx 50 stock market index.The name "ENI" was initially the acronym of "Ente Nazionale Idrocarburi" (National Hydrocarbons Authority). Through the years after its foundation however, it operated in a large number of fields including contracting, nuclear power, energy, mining, chemicals and plastics, refining/extraction and distribution machinery, hospitality industry and even textile industry and news. Eni constantly ranks among the top 100 on Fortune Global 500 list for largest companies by revenue. In 2016, the company holds the 65th place, a fall of 40 places from the previous year's 25th rank.In terms of share capitalisation (the market value of shares), Eni is ranked eighth in comparison with the principal companies operating in the same sector: Exxon, Shell, Chevron, Total, BP, ConocoPhillips, Equinor, Anadarko, Apache and Marathon Oil.

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