Eni Bets on Upstream Strength and Transition Growth in 2030 Plan

Italian energy major has set out an ambitious five-year strategy aimed at boosting production, expanding its energy transition portfolio, and significantly increasing shareholder returns through stronger cash generation and lower leverage. At the core of the plan is a dual-track growth model: scaling its oil and gas portfolio while accelerating standalone transition businesses such as Plenitude and Enilive. Eni expects to generate more than €40 billion in free cash flow between 2026 and 2030, enabling hig ...