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Corporate Strategy

Eni’s Transition Strategy Breaks With Integrated Model

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AP_443056040860-headquarters Eni
  • Eni has launched the IPO process for its retail and renewables (R&R) arm, Plenitude, making it the first oil major to spin off a clean energy business. 
  • The planned flotation will be a moment of truth for Western majors and investors who are looking for the right business model to create value while addressing the energy transition. 
  • The jury is still out on spinoffs, with most majors ruling out such a move, but if the Plenitude IPO is successful investors could force the issue. 

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