Challenges and transformations: Eni CEO Claudio Descalzi celebrated Eni’s IPO 20th anniversary with the New York Stock Exchange Closing Bell ceremony.
Italian integrated oil and gas company Eni is continuing to explore for oil, however is not going out on a limb, its CEO said Tuesday.
Rather it is concentrating on ranges it knows exceptionally well, Claudio Descalzi said in a meeting with CNBC’s “End Bell.”
“On the off chance that you need to hold your expenses down, you should investigate and investigate and get great results, and afterward you can begin creating.”
Since Descalzi took the position two years prior, oil has had an unpleasant ride. The test was changing the company’s way of life while keeping on working together, he said.
“You need to change your comapny. You need to do things another way, however you need to proceed and advance and contribute,” said Descalzi. “So you need to lessen costs yet without cutting production, without changing your business model.”
Source: CNBC
