Eni is annouce strong third-quarter results, which were released on October 24. Highlights include a significant increase in production and an expanded share buyback program.
Third-quarter (Q3) 2025 financial results
Eni announced a 6% year-on-year increase in its oil and gas production for Q3 2025, reaching 1.76 million barrels of oil equivalent per day (mmboe/d).
The company reported an adjusted net profit of €1.25 billion, surpassing analyst consensus estimates of €1.02 billion.
Following the announcement, Eni’s shares rose, with one report noting a 6.7% increase, reflecting a positive market response to the stronger-than-expected earnings.
Raised guidance and shareholder returns
Eni said it is raising its 2025 share buyback program by 20%, from €1.5 billion to €1.8 billion, a move that signals improved cash flow generation.
The company raised its full-year 2025 production guidance to a range of 1.71–1.72 mmboe/d, with a projection for Q4 to be around 1.8 mmboe/d.
Eni attributed its strong operational performance to project momentum: Accelerated start-ups and ramp-ups of new projects contributed to the production growth. Operational efficiency with a Strong operational continuity and optimized turnaround activities also helped drive the positive results. The company noted that new fields coming on stream in locations like Congo, the UAE, Qatar, and Libya are expected to sustain this growth trend.
Eni’s financial position was strengthened by its ability to manage debt through asset disposals and a cost-reduction program.
Note By Alessandro Bazzoni