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Eni Reports Over €6 Billion H1 Cash Flow and Approves €1.5 Billion Buyback

The oil major beat expectations with a €2.54 billion adjusted profit, maintained a 0.10 debt ratio, raised its dividend to €1.05 per share.

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Overview

  • Operating cash flow exceeded €6 billion and organic free cash flow reached €2.3 billion in the first half, covering €3.9 billion of investments.
  • Eni sustained hydrocarbons output at 1.68 million barrels per day in H1 and reaffirmed its 1.7 mbpd target for full-year 2025.
  • Renewable capacity jumped 45% to 4.5 GW under Plenitude, while bio-refining throughput hit 1.65 million tonnes annually.
  • The group advanced upstream projects with new finds in Namibia and Angola and inked a gas development pact with Petronas in Indonesia and Malaysia.
  • A sale of 30% stakes in Plenitude and Enilive generated €6.4 billion, bolstering funds for carbon capture and other energy-transition initiatives.