Reported about 1 month ago
Italian energy company Eni plans to raise its share buyback program by 25% to 2 billion euros after reporting a Q3 profit of 1.27 billion euros, exceeding expectations despite a decline from last year's figures. The decision comes amidst efforts to stabilize finances amid lower oil price predictions, while ongoing divestments and cost controls help maintain shareholder returns. Eni also announced a partnership with KKR in its biofuel sector, emphasizing its commitment to energy transition and improved operational performance.
Source: YAHOO