Eni Raises 2026 Buyback Plan to €3.8 Billion as Refining Margin More Than Triples

Italian energy company Eni raised its 2026 buyback plan to €3.8 billion and approved an extraordinary dividend of about €1.3 billion as a refining-margin surge helped lift adjusted net profit 125% year over year. Adjusted net profit attributable to Eni shareholders reached €2.801 billion in the third quarter, compared with €1.247 billion a year earlier. Unadjusted net profit was €3.205 billion, up 299% from €803 million. Cash flow from operations before working-capital changes increased 30% to €4.287 billion. The Standard Eni Refining Margin averaged $28.10 per barrel, compared with $8.90 a year earlier and $8.30 in the second quarter.

Source: TokenPost