Eni SpA (WBO:ENI) Retained Earnings : €37,997 Mil (As of Mar. 2024)

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What is Eni SpA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Eni SpA's retained earnings for the quarter that ended in Mar. 2024 was €37,997 Mil.

Eni SpA's quarterly retained earnings declined from Sep. 2023 (€38,661 Mil) to Dec. 2023 (€37,759 Mil) but then increased from Dec. 2023 (€37,759 Mil) to Mar. 2024 (€37,997 Mil).

Eni SpA's annual retained earnings increased from Dec. 2021 (€28,571 Mil) to Dec. 2022 (€37,342 Mil) and increased from Dec. 2022 (€37,342 Mil) to Dec. 2023 (€37,759 Mil).

Eni SpA Retained Earnings Historical Data

The historical data trend for Eni SpA's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Eni SpA Retained Earnings Chart

Eni SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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36,042.00

25,408.00

28,571.00

37,342.00

37,759.00

Eni SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															38,235.00	38,111.00	38,661.00	37,759.00	37,997.00

Eni SpA Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Eni SpA (WBO:ENI) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Eni SpA (WBO:ENI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (WBO:ENI) » Definitions » Retained Earnings

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Traded in Other Exchanges

EIPAF:USA E:USA ENI:Italy 0TD2:UK ENIm:UK 0N9S:UK ENI:Germany E:Argentina

Address

1, Piazzale Enrico Mattei, Rome, ITA, 00144

Website

https://www.eni.com

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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