Italian energy company Eni increased its 2024 share buyback to €1.6bn after Q1 net income exceeded expectations.
Eni, an Italian energy company, increased its planned share buyback to €1.6bn ($1.7bn) in 2024 after better-than-expected Q1 net income. The adjusted net profit reached €1.58bn, surpassing the average analyst estimate of €1.56bn. Eni's hydrocarbon production increased by 5% to 1.74 million barrels of oil equivalent per day, mainly due to acquisitions and project ramp-ups.
April 24, 2024
5 Articles