{"id":4595,"date":"2026-07-29T12:30:00","date_gmt":"2026-07-29T09:30:00","guid":{"rendered":"https:\/\/mikhailinvest.com\/eni-increases-2026-buybacks-as-production-growth-accelerates\/"},"modified":"2026-07-29T12:30:00","modified_gmt":"2026-07-29T09:30:00","slug":"eni-increases-2026-buybacks-as-production-growth-accelerates","status":"publish","type":"post","link":"https:\/\/mikhailinvest.com\/ru\/eni-increases-2026-buybacks-as-production-growth-accelerates\/","title":{"rendered":"Eni Increases 2026 Buybacks as Production Growth Accelerates"},"content":{"rendered":"

Eni (E:NYSE<\/a>) is raising its share buyback program for the year after reporting on Wednesday consensus-beating earnings for the second quarter on the back of higher oil and gas prices and a jump in upstream production.<\/p>\n

The Italian energy major booked<\/a> an adjusted net profit of $2.65 billion (2.33 billion euros) for the second quarter, more than doubled from $1.29 billion (1.13 billion euros) for the same period last year, and higher than a company-provided consensus estimate of $2.4 billion (2.09 billion euros).<\/p>\n

Eni attributed the profit jump to higher oil and gas realizations in a \u201csupportive pricing environment,\u201d as well as to growth in volumes and cost management.<\/p>\n

The exploration and production (E&P) division reported pro forma adjusted EBIT soaring by 42% from the first quarter of 2026 and by 97% from the second quarter of 2025, driven by favorable volume and mix effects, cost discipline, and better oil realizations, Eni said.<\/p>\n

Eni\u2019s average realized price of liquids jumped by 54% from a year earlier to $96.50 per barrel for the second quarter of 2026.<\/p>\n

Total oil and gas production averaged 1.79 million boe\/d in April to June, up by 7% year over year, driven by project ramp-ups in Norway, Congo, and Mexico, new project start-ups in Angola, and higher contribution from Indonesia\/Malaysia, where the new JV Searah was launched<\/a>. Quarterly underlying annual production growth was 11%, adjusted for the impact of portfolio transactions and price effects.<\/p>\n

As a result of strong execution and the market environment, Eni today raised its guidance on 2026 production to around 5% underlying growth and increased its distribution policy for the year to $3.9 billion (3.4 billion euros) of share buybacks, up by $683 million (600 million euros) from the previous guidance on the 2026 share repurchase program.<\/p>\n

With the strong Q2 results, Eni joins European majors TotalEnergies<\/a> \u0438 Equinor<\/a>, which saw their profits jump from a year earlier as oil and gas prices surged during the Middle East crisis and delivered windfall earnings to the biggest energy firms.<\/p>\n

\u0426\u0432\u0435\u0442\u0430\u043d\u0430 \u041f\u0430\u0440\u0430\u0441\u043a\u043e\u0432\u0430 \u0434\u043b\u044f Oilprice.com<\/p>\n

\u0414\u0440\u0443\u0433\u0438\u0435 \u043b\u0443\u0447\u0448\u0438\u0435 \u0441\u0442\u0430\u0442\u044c\u0438 \u0441 \u0441\u0430\u0439\u0442\u0430 Oilprice.com<\/strong><\/p>\n