Eni raises share buyback target to €2.8 billion amid higher energy prices

10 articles · Updated · The Wall Street Journal · Apr 24

The Italian energy company increased its buyback plan by 90% and raised cash flow forecasts by 20% following a 9% rise in oil and gas production.
Eni’s first-quarter net profit fell 9% to €1.07 billion, while Brent crude price expectations were raised to $83 a barrel for the year.
The Middle East conflict has disrupted oil and gas flows, boosting energy prices and benefiting oil majors, though Eni’s refining and chemicals units showed weakness despite strong operational momentum.

Can Eni's record shareholder payouts be sustained without continued global instability driving up energy prices?

As Eni's profits soar from high prices, will governments impose a windfall tax to help struggling consumers?

Eni bets big on high oil prices, but what if the Middle East conflict suddenly ends?

How is Eni's pivot to African oil and gas reshaping Europe's energy security away from the Middle East?

With Eni profiting from conflict, is its green energy unit a genuine pivot or just strategic window dressing?

Is the current oil crisis a death knell for the green transition or the shock needed to accelerate it?