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Eni S.p.A. Advances Share Buyback Program

Eni S.p.A. Advances Share Buyback Program

Eni SPA (E) has released an update.

Eni S.p.A., the Italian multinational oil and gas company, has reported the acquisition of 2,728,500 treasury shares at an average price of 13.9274 euros per share, amounting to a total investment of 38,000,973.16 euros. This purchase, conducted between September 9 and 13, 2024, forms part of the second tranche of the buyback program initiated post-shareholder approval on May 15, 2024, aimed at providing additional shareholder remuneration beyond dividends. As of now, Eni holds a total of 139,698,419 shares, representing 4.25% of its share capital.

For further insights into E stock, check out TipRanks’ Stock Analysis page.

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