{"id":119071,"date":"2026-09-07T06:35:56","date_gmt":"2026-09-07T06:35:56","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/119071\/"},"modified":"2026-09-07T06:35:56","modified_gmt":"2026-09-07T06:35:56","slug":"morgan-stanley-sees-eni-leading-european-oil-majors-in-production-growth-through-2030-shell-and-bp-also-upgraded","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/119071\/","title":{"rendered":"Morgan Stanley Sees Eni Leading European Oil Majors in Production Growth Through 2030, Shell and BP also upgraded"},"content":{"rendered":"

\"Oil<\/a> Oil refinery flare \u00a9Adobe Stock Images <\/p>\n

Morgan Stanley identified Eni (BIT:ENI) as having the highest projected production growth among the European oil majors covered in its latest analysis of approximately 4,000 oil and gas fields. <\/p>\n

The bank’s research estimated aggregate production growth for the sector at an annual rate of 2.9% between 2025 and 2030, up from 1.2% in its previous year’s forecast. Rolling four-year forward production increased by 8.3%. <\/p>\n

The analysis used bottom-up information from multiple data consultants to assess production trends across major European energy companies. <\/p>\n

Eni Production Growth Forecast at 4.5% <\/p>\n

Eni recorded the highest projected production growth among the companies included in the study, with Morgan Stanley forecasting growth of 4.5% through 2030. <\/p>\n

The bank’s analysis indicated that Eni’s production could continue increasing through 2034. <\/p>\n

By comparison, Equinor (TG:DNQ) was identified as facing the largest production growth challenges among the European majors covered by the research. <\/p>\n

Morgan Stanley Upgrades Shell to Overweight <\/p>\n

Morgan Stanley also upgraded Shell (LSE:SHEL) to Overweight and designated the company as a Top Pick. <\/p>\n

The bank expects a total shareholder return of 15% and anticipates an acceleration in dividend per share following recent changes in the business. <\/p>\n

The rating and shareholder return expectations represent Morgan Stanley’s assessment rather than a guarantee of future performance. <\/p>\n

BP Retains Overweight Rating <\/p>\n

Morgan Stanley maintained its Overweight rating on BP (LSE:BP.). <\/p>\n

The firm cited its expectations that BP could reduce net debt faster than the company’s stated targets, alongside its assessment of the company’s valuation and potential catalysts. <\/p>\n

The research forms part of Morgan Stanley’s broader assessment of production growth and shareholder returns among Europe’s major oil and gas companies. <\/p>\n","protected":false},"excerpt":{"rendered":"Oil refinery flare \u00a9Adobe Stock Images Morgan Stanley identified Eni (BIT:ENI) as having the highest projected production growth…\n","protected":false},"author":2,"featured_media":119072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20685],"tags":[67,48469,33805,48468,634,6481,48467,48466,37062,48470,1150,4496],"class_list":["post-119071","post","type-post","status-publish","format-standard","has-post-thumbnail","category-shell","tag-bp","tag-bp-lse","tag-eni","tag-eni-production-growth","tag-european","tag-morgan-stanley","tag-morgan-stanley-upgrades-shell","tag-morgan-stanleys","tag-overweight","tag-overweight-morgan-stanley","tag-shell","tag-shell-plc"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117228377550783003","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/119071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=119071"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/119071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/119072"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=119071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=119071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=119071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}