Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, the company produced 0.9 million barrels of liquids and 5.3 billion cubic feet of natural gas per day. At year-end 2019, Eni held reserves of 7.3 billion barrels of oil equivalent, 52% of which are liquids. The Italian government has de facto control of Eni through a 30.1% stake in the company.
Allen Good, CFA, is an energy strategist for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, he covers the oil and gas industries. He is also a member of the Morningstar Research Services Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar.Before joining Morningstar in 2008, he performed merger and acquisition advisory work for a middle-market investment bank. Before that, he spent several years at Black & Decker in various operational roles.Good holds a bachelor’s degree in business from the University of Tennessee and a master’s degree in business administration from Kenan-Flagler Business School at the University of North Carolina. He also holds the Chartered Financial Analyst® designation.