{"id":339797,"date":"2026-02-27T07:00:00","date_gmt":"2026-02-27T11:00:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=339797"},"modified":"2026-02-26T16:50:11","modified_gmt":"2026-02-26T20:50:11","slug":"eni-increases-share-buyback-after-exceeding-2025-expectations","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/eni-increases-share-buyback-after-exceeding-2025-expectations\/","title":{"rendered":"Eni increases share buyback after exceeding 2025 expectations"},"content":{"rendered":"\n

The Italian oil company Eni concluded 2025 with results exceeding market projections, with an adjusted net profit attributable to shareholders reaching \u20ac1.2 billion<\/strong>, representing a 35% year-on-year<\/strong> increase. This improvement was achieved despite a 15% drop in the Brent price<\/a><\/strong> and the appreciation of the euro. <\/p>\n\n

The group’s pro forma adjusted EBIT also advanced by 6% to \u20ac2.87 billion<\/strong>, thus consolidating the company’s operational resilience. On an annual level, the multinational reported an adjusted net profit of \u20ac4.99 billion<\/strong>, representing a slight 5% drop attributed to more complex macro conditions. <\/p>\n\n

Expanding production and reserves<\/h2>\n\n

One of the pillars of Eni’s strong performance has been its upstream activity, with an average hydrocarbon production in 2025 of 1.73 million barrels of oil equivalent per day (boe\/d)<\/strong>, with a year-on-year increase of more than 7% in the fourth quarter, reaching 1.84 million boe\/d. Additionally, the company reported a reserve replacement rate of 167%, reinforcing the future sustainability of its operations. <\/p>\n\n

During the year, the company launched six key projects in Angola, Indonesia, Norway, and the Congo, strengthening its medium-term production capacity.<\/p>\n\n

Boost to natural gas and presence in Asia<\/h2>\n\n

In its global consolidation strategy, Eni signed a binding agreement with Petronas<\/strong> to integrate its upstream assets<\/a><\/strong> in Indonesia and Malaysia under a joint entity. The goal is to exceed 500,000 boe\/d in sustainable production<\/strong>, marking a significant step in the company’s expansion in Asia. <\/p>\n\n

In parallel, the company closed long-term liquefied natural gas (LNG) sales contracts in Turkey and Thailand, strengthening its exposure to emerging markets with the highest growth in energy demand.<\/p>\n\n

Energy transition businesses and divestments<\/h2>\n\n

Business lines focused on the energy transition<\/a><\/strong> also recorded significant progress. Plenitude, Eni’s renewable energy subsidiary, closed the year with an installed capacity of 5.8 GW<\/strong>, representing a 41% increase. Enilive, for its part, benefited from the recovery of biofuel margins in the European market. <\/p>\n\n

In terms of capital, the company chose to crystallize value through strategic sales; it divested 20% of Plenitude to Ares for \u20ac2 billion and sold 49.99% of its carbon capture and storage unit to the GIP fund. These operations valued the energy transition businesses at over \u20ac23 billion. <\/p>\n\n

Strong cash flow and balance sheet improvement<\/h2>\n\n

Adjusted cash flow generated from operations amounted to \u20ac12.5 billion<\/strong>. This performance allowed Eni to reduce its net debt before leases to \u20ac9.4 billion<\/strong>, decreasing leverage to a range of 14-15%. <\/p>\n\n

In response to this financial strength, the company increased its share buyback program by 20%, reinforcing its shareholder return policy.<\/p>\n\n

Outlook for 2026<\/h2>\n\n

For the next fiscal year, Eni expects its production growth to be aligned with its 2025-2028 strategic plan. Gross capital expenditure is estimated at \u20ac7 billion, maintaining a disciplined investment focus and a target leverage between 10% and 15%, under a Brent scenario of $62 per barrel. <\/p>\n\n

Source: Eni<\/a><\/strong><\/p>\n\n

Photo: Shutterstock<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Eni closed the year with a better-than-expected quarterly profit and strengthens its strategic positioning in production, natural gas, and energy transition.<\/p>\n","protected":false},"author":10019,"featured_media":339508,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-339797","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/339797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=339797"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/339797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/339508"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=339797"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=339797"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=339797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}