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Eni launches €1.5bn buyback, raises cash flow guidance

Shares in Eni gained on Friday after the Italian energy giant announced a €1.5bn buyback plan and raised a number of full-year targets.

  • Eni SpA
  • 25 July 2025 14:17:26

Source: Sharecast

Despite commodity and currency headwinds, the company said it produced "excellent results" in the second quarter.

"The economic environment remains challenging, but Eni’s business model is strong and flexible," said chief executive Claudio Descalzi.

"Strict financial discipline, a stronger portfolio, and low breakeven projects support this resilience and ensure a self-funded growth strategy. At the same time, we continue to deliver value for shareholders while keeping the balance sheet stronger than ever."

Cash flow from operations before working capital adjustments is now expected to come in a €11.5bn over 2025, up €500m from the original guidance.

Meanwhile, self-help efficiency measures will now total €3bn, up from €2bn previously, while proforma adjusted EBIT from the Global Gas and LNG Portfolio will now be around €1bn, up from earlier guidance of €0.8bn.

The company also announced a 5% dividend increase to €1.05 per share and the launch of a share repurchase programme of "at least €1.5bn".

Second-quarter proforma adjusted EBIT came in at €2.68bn, down 35% over last year, due to the significant impact of weaker commodity prices and a weaker US dollar.

Shares were up 1.2% at €14.57 by 1516 in Milan.

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