Eni Partners with TechnipFMC for Deepwater Project in Indonesia

Eni SpA has partnered with TechnipFMC for the deepwater Maha project in Indonesia, valued between $250 million and $500 million. Eni is an integrated oil and gas company with a market capitalization of $56.92 billion, operating in the energy sector. The company's financial health shows a mixed picture with expanding operating margins but a high dividend payout ratio. Eni's valuation metrics reveal insights into its market positioning, with a P/E ratio of 20.57 and a target price of $37.87.