Eni and Mercuria unveil energy commodities trading partnership

Key Facts

Amid volatile global energy markets, major oil companies are looking to bolster their trading arms to capture the large profit margins enjoyed by independent traders. In this context, Italian energy giant Eni and Swiss trading house Mercuria announced the formation of a partnership to trade energy commodities, according to a report by the Financial Times.

The partnership aims to combine Eni's production expertise with Mercuria's financial and physical trading capabilities, potentially allowing both firms to replicate the margins achieved by top independent traders such as Vitol and Trafigura. Financial terms of the deal were not disclosed, but the move represents a strategic shift for Eni to expand its trading operations.

Eni shares (E) traded at $46.60 (close June 29, 2026), with a daily range between $46.39 and $46.94. Investors will focus on how the partnership impacts Eni's earnings in coming quarters, as well as any developments in the energy trading sector that could affect peer stocks.