Eni Shareholders Approve €4 Billion Buyback & €1.1 Dividend, Reappoint CEO Descalzi

summarizeSummary

Eni's shareholders approved a new share buyback program of up to €4 billion and a €1.1 per share dividend for 2026, while also reappointing Claudio Descalzi as CEO.

check_boxKey Events

• Shareholders Authorize Major Buyback Program

  Shareholders approved a new share buyback program, authorizing the purchase of up to 303 million ordinary shares for a total outlay of up to €4 billion by April 2027. The first tranche, for 5.1 million shares, will be launched shortly to serve the Long-Term Incentive Plan.

• 2026 Dividend Set at €1.1 Per Share

  Shareholders approved a total dividend of €1.1 per share for the 2026 financial year, to be distributed in four tranches between September 2026 and May 2027.

• Claudio Descalzi Reconfirmed as CEO

  The Board of Directors re-appointed Claudio Descalzi as Chief Executive Officer and General Manager, ensuring continuity in leadership.

• New Board of Directors Appointed

  Nine directors were appointed, including Giuseppina Di Foggia as Chairman, for a three-year term expiring with the approval of the 2028 financial statements.

auto_awesomeAnalysis

This filing details significant capital allocation decisions following the annual shareholders' meeting. The authorization and launch of a substantial share buyback program, potentially reaching €4 billion, signals a strong commitment to returning value to shareholders and could significantly reduce the outstanding share count. The confirmed €1.1 per share dividend for 2026, with a clear payment schedule, provides further clarity on shareholder returns. The re-appointment of Claudio Descalzi as CEO ensures leadership continuity, reinforcing the company's strategic direction.