Eni S.p.A. Sustains Share Buyback Program on Steady Upstream Cash Flows

Eni's Capital Allocation Discipline

Italian multinational energy leader Eni S.p.A. confirmed the ongoing execution of its multi-billion euro share buyback initiative, utilizing robust operational cash flow generated across its Mediterranean and African exploration concessions.

Financial Resilience

• Diversified Upstream Footprint: High-margin natural gas extraction assets in North Africa and Cyprus continue to deliver stable supply to European utility grids.
• Plenitude & Biorefining: Eni's renewable and retail energy subsidiary Plenitude reached 4.2 GW of operational capacity, shielding the group from raw crude volatility.
• Shareholder Returns: Management reiterated its commitment to returning between 30% and 35% of annual operating cash flow to investors via dividends and buybacks.