Recent Updates — EIPAF

Eni acquired 3,772,376 shares on the Euronext Milan at a weighted average price of €26.5085 per share for a total consideration of approximately €100 million during the period from October 19 to 23, 2026. These purchases were executed within the second tranche of the treasury shares program approved by shareholders on May 6, 2026, intended as additional remuneration alongside dividends. Since the program's inception on May 8, 2026, Eni has acquired a total of 89,030,488 shares for €2.05 billion, bringing its total treasury holdings to 175,858,595 shares, representing 5.81% of the share capital. The company operates in the integrated energy sector.

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.