eni spa (ENI) Snapshot

PetroChina Co. Ltd. (SEHK:857) is seeking acquisition opportunities. PetroChina will seek to increase cooperation with companies including Exxon Mobil Corporation (NYSE:XOM), BP plc (LSE:BP) and Royal Dutch Shell plc (LSE:RDSA) as it looks to add overseas resources. PetroChina will also seek to work with Eni SpA (BIT:ENI) and Chevron Corporation (NYSE:CVX) as its makes expansion abroad a priority, Chairman Zhou Jiping told Bloomberg. The cooperation could involve teaming up to make acquisitions or joint exploration activities, Mao Zefeng, PetroChina’s spokesman said after the press conference. As of May 23, 2013, PetroChina share fell 2.2% to HKD 9.5 in Hong Kong.

Knight Vinke Asset Management LLC, Shareholder of Eni SpA (BIT:ENI), has asked to lower its stake in Saipem SpA (BIT:SPM) to below 20% or buy minorities to take over control, Eric Knight, Chief Executive Officer of Knight Vinke said. One of the two options must be taken without biding time, Knight added. Knight Vinke holds 1% in Eni, which in turn owns 43% in Saipem.

Eni SpA announced that at the annual meeting held on May 10, 2013 approved the payment of the balance of the 2012 dividend amounting to EUR 0.54, payable starting from May 23, 2013, with an ex-dividend date of May 20, 2013 and a record date of May 22, 2013. The total dividend per share for financial year 2012 therefore amounts to EUR 1.08 per share.