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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ENI Spa | NYSE:E | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.10 | 0.32% | 31.71 | 31.75 | 31.53 | 31.71 | 95,672 | 01:00:00 |
From May 2019 to May 2024
By Giulia Petroni
Eni SpA said late Thursday that Chief Executive Claudio Descalzi and all senior managers would defer half of their 2020 long-term incentive plans until 2021.
"The decision has been made due to the current health emergency and the situation in the oil-and-gas sector, and it joins the company's measures to reduce investment and operating costs," the Italian oil-and-gas company said.
This action will reduce Eni's outflows by 30.2 million euros ($32.6 million) this year, it said.
Eni also said it would reduce costs related to the remuneration of senior management this year, saving a total of EUR16.5 million. Combined with additional administrative savings, the company said it will save a total of EUR62.3 million in 2020.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 24, 2020 01:31 ET (05:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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