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Fri, Oct

Eni Buys Back €50 Million in Shares as Part of Ongoing Repurchase Program

Eni Buys Back €50 Million in Shares as Part of Ongoing Repurchase Program

Financial News
Eni Buys Back €50 Million in Shares as Part of Ongoing Repurchase Program

Italian energy giant Eni S.p.A. (BIT: ENI) purchased 3,283,799 of its own shares on the Euronext Milan between October 6 and 10, 2025, at an average price of €15.23 per share, for a total value of €49.99 million, under its ongoing share buyback program approved by shareholders in May 2025.

The buyback, part of Eni’s capital return strategy, raises the company’s total repurchases since May 20, 2025, to 65 million shares, equivalent to 2.07% of its share capital, for a total outlay of €930 million. Including previously held shares, Eni now owns 156.6 million treasury shares, representing 4.98% of its total capital.

Eni launched the 2025 buyback as part of its broader shareholder remuneration policy, which combines dividends with strategic repurchases to optimize capital structure and enhance investor returns. The program follows strong financial results and reflects the company’s confidence in its long-term value amid ongoing energy market volatility.

Eni, one of Europe’s largest integrated energy firms, has been balancing its traditional oil and gas operations with growing investments in low-carbon energy. Share buybacks have become a key instrument among major European energy companies - including Shell, BP, and TotalEnergies - to signal financial strength and return excess cash amid stable commodity prices.

By Charles Kennedy for Oilprice.com

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