** ENI's decision to cut its dividend is likely toput pressure on big oil peers in similar positions where theability to fund payouts from profits is getting stretched
** ENI in the worst state among peers, with trailing DPSthree times that of EPS, but others not far behind. Chart: http://link.reuters.com/her34w
** Co to pay a 2015 dividend of 0.8 euros per share comparedwith the 1.12 euros per share it paid in 2014
** ENI the first oil major to cut dividend - previously seenas sacrosanct among oil majors
** BP's DPS twice its EPS, yield of 6.2 pct nearlythree times FCF yield of 2.2 pct
** Total, Repsol and Statoil alluncovered on DPS/EPS basis
** Shell covered but yield of 6.4 pct not supportedby 2.8 pct FCF yield
** Traders say sellers of big oil names in US and Europeseen on ENI news (RM: alasdair.pal.thomsonreuters.com@reuters.net)