Eni Lifts Buyback and Outlook After Strong Q3 Driven by Upstream Growth
Yahoo Finance·2025-10-27 04:59
Eni S.p.A. (BIT: ENI) reported strong third-quarter 2025 results marked by 6% year-on-year production growth, record upstream performance, and continued progress on its energy transition strategy, prompting the company to raise its full-year cash flow outlook and increase its share buyback program by 20% to €1.8 billion. The Italian energy major delivered a proforma EBIT of €3 billion and net profit of €1.2 billion—20% above expectations—while operating cash flow reached €3.3 billion despite weaker oil pr ...