Earnings ·
Eni S.p.A. reported first-half 2026 proforma adjusted EBIT of €8.91 billion, a 40% increase year-over-year, driven by…
EIPAFEni SPA
Eni S.p.A. reported first-half 2026 proforma adjusted EBIT of €8.91 billion, a 40% increase year-over-year, driven by strong performance in Exploration & Production and Global Gas & LNG Portfolio. Adjusted net profit rose 43% to €3.6 billion. The company returned €2.4 billion to shareholders, comprising the 2025 dividend of €1.6 billion and a €0.8 billion buyback program. Strategic developments include establishing a 50/50 joint venture with Petronas named Searah for LNG assets in Southeast Asia, acquiring interests in Argentine upstream assets, and securing a $2 billion capital contribution from AC Europe II SCSp (managed by Ares). Eni also reached final investment decisions for the Baleine Phase 3 field, the Greater PAJ project in Angola, and the Cronos gas project in Cyprus. The company operates in the global energy sector, focusing on exploration, production, refining, chemicals, and renewable energy transition.