Eni S.P.A. Reports Strong 2024 Financial Performance

Eni S.P.A. ( (E) ) has released its Q4 earnings. Here is a breakdown of the information Eni S.P.A. presented to its investors.

Eni S.P.A., a prominent player in the energy sector, is known for its integrated operations in oil, gas, and renewable energy, with a focus on sustainable practices and technological innovation. In its latest earnings report for the fourth quarter and full year of 2024, Eni showcased robust financial performance, surpassing its annual guidance. The company highlighted strategic investments and partnerships, particularly in its transition-focused satellite businesses, which have significantly contributed to its growth and value creation. Key financial metrics revealed a proforma adjusted EBIT of €14.3 billion and an adjusted cash flow of €13.6 billion, both exceeding expectations. Eni’s exploration and production segment reported a 3% increase in oil and gas production, while its renewable energy capacity grew by 37%. The company also returned over €5 billion to shareholders through dividends and share buybacks. Looking ahead, Eni remains committed to its strategic objectives, focusing on sustainable growth and shareholder value, as it continues to leverage its competitive edge in the evolving energy market.