ENI S.p.A. ( (IT:ENI) ) has shared an announcement.
Eni’s Board of Directors has proposed a new buyback program to be presented at the upcoming Shareholders’ Meeting, aiming to purchase up to 315 million treasury shares, approximately 10% of its share capital, by April 2026. This initiative is part of Eni’s 2025-2028 Strategic Plan, which seeks to distribute a significant portion of its cash flow to shareholders through dividends and buybacks, potentially increasing the buyback amount to 3.5 billion euros if cash flow exceeds expectations.
More about ENI S.p.A.
Eni S.p.A. is a prominent player in the energy industry, primarily engaged in the exploration, production, refining, and marketing of oil and natural gas. The company focuses on delivering sustainable energy solutions and operates globally, with a significant presence in Europe and Africa.
YTD Price Performance: 11.29%
Average Trading Volume: 1,660,443
Technical Sentiment Signal: Strong Sell
Current Market Cap: €43.84B
For detailed information about ENI stock, go to TipRanks’ Stock Analysis page.