Morningstar

Eni Increases Distribution Policy, Launches $1.72 Billion Buyback

Provided by Dow Jones Mar 19, 2026, 1:46:00 PM

By Adam Whittaker

Eni said it wants to return more cash to shareholders under a strategic plan through 2030, including by buying at least 1.5 billion euros ($1.72 billion) of shares over this year.

The Italian energy major said Thursday that it expects to grow operating cash flow per share by 14% on a compound rate through to 2030. This gives it more money that can be distributed to shareholders.

It said it now plans to return between 35% to 45% of operating cash flow to shareholders, compared with a previous target of up to 40%. It also confirmed that it would return additional cash to shareholders in instances where oil, gas and refining margins are higher, as in previous years.

For 2026, Eni said its buyback could grow to a maximum of 4 billion euros. It also declared a 5% rise in its dividend to 1.10 euros a share.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

March 19, 2026 09:46 ET (13:46 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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