Eni Profits Jump 125% and Increases Share Buybacks

Eni reported a 125% increase in adjusted net profit for the third quarter of 2026, reaching $3.14 billion. The growth followed a 4% rise in oil and gas production and a sharp increase in refining margins, which climbed to $28.1 per barrel from $8.9 the previous year.

Citing "the excellent operating and financial performance of the nine months ‘26 and an improved cash flow projection," the company announced it will pay $1.46 billion in extraordinary dividends in December. Eni also increased its share buyback program by 12% to $4.26 billion, marking the third upward revision to the repurchase program this year.

The energy group characterized 2026 as a year of outperformance enabled by supportive commodity scenarios.