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Eni boosts 2026 guidance, expands gas trading, and doubles share buyback to €2.8B amid growth strategy.

Analyst Insights
02 Jul 2026
Seeking Alpha
View Source
Bullish
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Eni has expanded its integrated gas, LNG, and energy trading platform with recent investments in Argentina, Angola, Libya, and a new joint venture with Mercuria. The company raised its full-year 2026 guidance, including a 30% increase in its Global Gas & LNG Portfolio EBIT, while keeping its capital expenditure plan unchanged. Reflecting confidence in future cash flow, Eni nearly doubled its share buyback program to €2.8 billion. An updated valuation analysis supports an equity value of approximately €80.2 billion, indicating around 29% upside despite recent share price performance.

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