Eni raises its stock buyback program by €600M and signals a potential extra dividend amid stronger Q2 earnings.
Eni increased its stock buyback program by €600M to €3.4B (~$3.87B) after reporting Q2 profit more than doubled, exceeding market expectations. The energy company also indicated it may pay an additional dividend in Q4 if Brent crude prices remain favorable.
Shares of Eni surged 7.1% in Wednesday’s trading following the announcement. The company’s Q2 performance reflects improved operational efficiency and higher energy prices compared to the same period last year.
The expanded buyback and potential dividend underscore confidence in sustained cash flow and shareholder returns.