Story perspectives

Eni triples buyback to €3.8 billion after profits

By Drooid · Oct 23, 2026, 3:17 PM UTC · How we work

Summary

Story summary

Eni reported third-quarter adjusted net profit of €2.8 billion, more than double its 2025 result.
Eni announced an extraordinary dividend of €0.46 per share, totaling €1.3 billion, payable on 9 December 2026.
Eni increased its 2026 share-buyback programme by 12% to €3.8 billion, nearly triple the original €1.5 billion plan.
Eni raised its full-year adjusted operating cash-flow outlook to €16.5 billion, assuming Brent oil at $95 per barrel.

History

Historical Context

The October 1973 OAPEC oil embargo, led by Saudi King Faisal, forced crude prices from about $3 to $12 per barrel—a roughly 300 % jump that caused shortages and a global recession. Decades later, Italy’s Eni posted a €2.8 billion Q3 profit in 2026, echoing the windfall patterns first created by that shock.

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Story summary

Eni reported third-quarter adjusted net profit of €2.8 billion, more than double its 2025 result.
Eni announced an extraordinary dividend of €0.46 per share, totaling €1.3 billion, payable on 9 December 2026.
Eni increased its 2026 share-buyback programme by 12% to €3.8 billion, nearly triple the original €1.5 billion plan.
Eni raised its full-year adjusted operating cash-flow outlook to €16.5 billion, assuming Brent oil at $95 per barrel.

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