How Investors Are Reacting To Eni (BIT:ENI) Accelerating €930 Million Share Buyback Program

Eni announced that it repurchased more than 3.2 million of its own shares on the Euronext Milan as part of its ongoing buyback program, raising total repurchases since May 2025 to 65 million shares and spending €930 million. This buyback activity highlights Eni's commitment to optimizing its capital structure and reflects management’s confidence in the company’s long-term value, even amid energy market fluctuations. With Eni accelerating its share buybacks, we'll explore how this capital return initiative influences the company's investment story and shareholder appeal.

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Eni Investment Narrative Recap

To be an Eni shareholder today, you need to believe in the company’s ability to execute its energy transition strategy while navigating the volatility of global oil and gas markets. The recent acceleration of the buyback program is significant for near-term shareholder returns but does not materially change the most important short-term catalyst: Eni’s LNG expansion and project delivery. The biggest risk remains the slow turnaround and persistent losses at the Versalis chemicals unit, which continue to drag on group earnings.

Among recent announcements, Eni’s exclusive talks to sell a 20% stake in Plenitude to Ares highlight the company's intent to attract capital into its renewables arm. This move could help support cash flow needs tied to energy transition projects, offsetting the prolonged cash flow neutrality timeline for Plenitude. Against this backdrop, new investments and partnerships will remain closely watched by investors.

In contrast, ongoing challenges in the European chemical sector continue to weigh on Eni’s fundamentals and may signal risks for those focused on group profitability...

Read the full narrative on Eni (it's free!)

Eni's outlook projects €88.8 billion in revenue and €5.1 billion in earnings by 2028. This implies a -0.7% annual revenue decline and an increase in earnings of €2.8 billion from the current €2.3 billion.

Uncover how Eni's forecasts yield a €15.54 fair value, a 5% upside to its current price.

Exploring Other PerspectivesBIT:ENI Community Fair Values as at Oct 2025

Simply Wall St Community members estimate Eni’s fair value between €15.54 and €20.08, based on three distinct viewpoints. While optimism surrounds Eni’s LNG project growth, persistent negative free cash flow from legacy businesses highlights why investor opinions can widely differ and suggests a need to explore several alternative viewpoints.

Explore 3 other fair value estimates on Eni - why the stock might be worth as much as 35% more than the current price!

Story Continues

Build Your Own Eni Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

A great starting point for your Eni research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Our free Eni research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Eni's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ENI.bit.

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