Eni Launches New Share Buyback Program to Enhance Shareholder Value

ENI S.p.A. ( (IT:ENI) ) just unveiled an update.

Eni has announced the initiation of a new share buyback program following shareholder approval, aiming to repurchase up to 315 million shares, which equates to about 10% of its share capital, with a budget of up to 1.5 billion euros. This program, which could potentially increase to 3.5 billion euros depending on cash flow, is designed to offer additional shareholder remuneration and involves canceling the repurchased shares by July 2026, potentially enhancing shareholder value and reflecting confidence in the company’s financial stability.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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 major player in the energy sector, primarily focusing on oil and gas exploration, production, and distribution. The company is known for its integrated operations across the energy value chain and is committed to providing sustainable energy solutions.

Average Trading Volume: 15,466,895

Technical Sentiment Signal: Buy

Current Market Cap: €41.01B

For detailed information about ENI stock, go to TipRanks’ Stock Analysis page.