Eni Announces Special Dividend and Increased Share Buyback Following Strong Q3 Results

Eni S.p.A. has declared a special dividend of 1.3 billion euros and increased its annual share buyback program from 3.4 billion to 3.8 billion euros following a strong Q3 performance. The company reported an adjusted net profit of 2.8 billion euros, exceeding analyst estimates of 2.5 billion euros and more than doubling the profit from the same quarter last year. This growth was driven by high oil prices and improved refining margins, alongside an expansion in oil and gas production capacity.