Eni Buys Back €50 Million in Shares as Part of Ongoing Repurchase Program

Core Insights - Eni S.p.A. has executed a share buyback of 3,283,799 shares at an average price of €15.23, totaling €49.99 million, as part of its ongoing buyback program approved in May 2025 [1] - The total shares repurchased since May 20, 2025, have reached 65 million, representing 2.07% of Eni's share capital, with an overall expenditure of €930 million [2] - Eni's buyback initiative is part of a broader shareholder remuneration strategy that aims to optimize capital structure and enhance investor returns amid energy market volatility [3] Company Strategy - Eni is balancing traditional oil and gas operations with investments in low-carbon energy, reflecting a strategic shift in response to market conditions [4] - Share buybacks are increasingly utilized by major European energy companies, including Shell, BP, and TotalEnergies, to demonstrate financial strength and return excess cash to shareholders [4]