Eni Reports Lower Q1 Earnings but Increases Share Buyback to €2.8 Billion
Eni reported first quarter adjusted net profit of €1.3 billion, below analyst expectations, due to weakness in refining and chemicals and downstream maintenance. However, the company raised its 2026 share buyback to €2.8 billion and increased cash flow from operations guidance by 20% to €13.8 billion. The company also outlined strategic growth plans and partnerships.
Topics: Earnings Miss Energy Sector Eni Share Buyback Strategic Outlook