Eni Cancels 118.8 Million Treasury Shares Without Cutting Share Capital

ENI S.p.A. ( (IT:ENI) ) has issued an announcement.

Eni has updated its share capital structure after cancelling 118,782,928 treasury shares, following a mandate granted by shareholders at the May 2025 extraordinary meeting. The cancellation, executed without reducing the overall share capital of €4,005,358,876, reduces the total number of outstanding ordinary shares from 3,146,765,114 to 3,027,982,186, potentially enhancing earnings per share and signaling continued capital management discipline.

The change required an amendment to Article 5 of Eni’s Articles of Association, which has now been formally filed with the Companies Register. By maintaining the same total capital while shrinking the share count, the move may improve capital efficiency, affect per‑share metrics and support shareholder‑friendly policies such as dividends that carry a regular entitlement date of 1 January 2026.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR22.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

More about ENI S.p.A.

Eni S.p.A. is a Rome-based integrated energy company operating primarily in the oil and gas sector, with activities spanning exploration, production, refining and marketing. The group also has growing interests in low‑carbon and renewable energy solutions, positioning itself as a major player in the European and global energy markets.

Average Trading Volume: 10,693,077

Technical Sentiment Signal: Buy

Current Market Cap: €60.99B

See more data about ENI stock on TipRanks’ Stock Analysis page.