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Eni celebrated the 30th anniversary of its Wall Street listing. Beneath the Corinthian columns of the New York Stock Exchange’s neoclassical façade, the Italian group’s six-legged dog emblem stood alongside the stars and stripes of the U.S. flag. Inside, CEO Claudio Descalzi rang the opening bell, celebrating the company’s achievements and ongoing ambitions. Since its inception in November 1995, Eni has evolved into a worldwide energy technology firm dedicated not just to traditional energy sources but also to renewables. This identity draws investors, notably Americans, who account for 25% of the non-Italian free float and 40% of institutional investors. During his journey to the United States, Descalzi spoke with analysts and financial figures. Discussing its energy transition strategy, the CEO affirmed that it constitutes a fundamental aspect of Eni's business model: a trajectory "we must steadfastly pursue, albeit without overstatement or ideological rigidity". That is, providing "jobs and revenues, without burdening bills and debt" and actively seeking "to meet current and future demand". Globally, the firm is spending "heavy" in solar and wind power, with a goal of reaching 5.5 gigawatts by the end of the year. In the United States alone, there are "nearly two gigawatts of renewables" backed by long-term contracts. Even with an administration like Donald Trump's, which appears to be opposed to alternative energy sources.
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