Eni Monitors Iraq's Security Situation Amid US Embassy Evacuation

Italian energy major Eni S.p.A. E is keeping a close watch on the evolving security conditions in Iraq following the U.S. decision to evacuate its embassy in the country. A spokesperson for Eni stated on June 12 that the company is adhering to its stringent security protocols and international best practices in light of recent geopolitical developments.Eni Maintains Operations at Key Zubair OilfieldDespite heightened tensions, Eni has not reported any disruption to its operations in Iraq. The company has maintained a presence in the country since 2009 through a technical service contract at the Zubair oil and gas field, one of Iraq’s largest producing assets. Eni currently employs over 500 personnel in Iraq, the majority of whom are international staff.While the company refrained from commenting on the broader political dynamics, it emphasized that it continues to monitor the situation closely and take appropriate security measures to safeguard its workforce and assets.Regional Instability Poses Risks to Energy OperationsThe evacuation of the U.S. embassy underscores rising concerns about regional instability, which poses potential operational and logistical risks for foreign energy companies active in Iraq. As one of the key players in Iraq’s oil sector, Eni’s ongoing operations are crucial to the country’s production targets and upstream portfolio.Eni’s cautious approach reflects a broader trend among global energy firms operating in geopolitically sensitive regions, where maintaining safety and business continuity remains a delicate balancing act.E’s Zacks Rank & Key PicksE currently carries a Zack Rank #4 (Sell).Investors interested in the energy sector may look at some better-ranked stocks like Subsea 7 S.A. SUBCY, Energy Transfer LP ET and RPC Inc. RES. Subsea 7 presently sports a Zacks Rank #1 (Strong Buy), while Energy Transfer and RPC carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.Subsea 7 helps build underwater oil and gas fields. It is a top player in the Oil and Gas Equipment and Services market, which is expected to grow as oil and gas production moves further offshore.The Zacks Consensus Estimate for SUBCY’s 2025 EPS is pegged at $1.31. The company has a Value Score of A.Energy Transfer is poised to benefit from long-term fee-based commitments. It is also focused on expanding operations through organic and inorganic initiatives. The firm is looking for solutions to meet growing energy demands from additional demand centers through its pipeline network. Energy Transfer’s systematic investments should boost its total fractionation capacity at Mont Belvieu and raise its top line.The Zacks Consensus Estimate for ET’s 2025 EPS is pegged at $1.44. The company has a Value Score of A.RPC generates strong and stable revenues through a diverse range of oilfield services, including pressure pumping, coiled tubing and rental tools. The company is strongly committed to returning value to shareholders through consistent dividends and share buybacks. RPC’s current dividend yield is higher than that of the composite stocks in the industry. Its new Tier IV dual-fuel fleet has boosted profits, with plans to further expand high-efficiency equipment to enhance operational capabilities. The Zacks Consensus Estimate for RES’ 2025 EPS is pegged at 38 cents. The company has a Value Score of A. 7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eni SpA (E): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis Report RPC, Inc. (RES): Free Stock Analysis Report Subsea 7 SA (SUBCY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks