Rome, Jul. 29 (LaPresse) – “Our determination in executing our strategy has enabled us to achieve excellent results in the second quarter of 2026, supported by our diversified business portfolio, which provides us with a wide range of strategic options and a profitable growth outlook across the various businesses within our energy mix. These results stem from the effectiveness of our industrial and financial management and are growing significantly faster than the reference commodity price scenario.” Eni Chief Executive Officer Claudio Descalzi said this while commenting on the results for the second quarter and the first half of the year. “We are further strengthening our Exploration & Production business, which is entering another phase of growth and value generation, thanks to the launch of the Searah JV between Indonesia and Malaysia, which will allow us to enhance our significant gas discoveries in the Kutei basin, as well as through the progress made in numerous projects and the expansion of our activities into new geographical areas. The strength of this business and our excellence in exploration and production have supported extraordinary production growth, up 11% on a like-for-like basis,” he added. As for the transition businesses, they “are increasing their contribution to the Group’s results while simultaneously driving their own self-financed growth. Plenitude is in line with the plan to increase installed capacity to 6.5 GW by the end of the year and already has a customer base of 11 million users. Enilive is developing new production capacity to seize the opportunities offered by the rapid growth in demand for biofuels and has been able to fully capitalize on the conditions of this market phase.” “The half-year results – Descalzi continued – demonstrate that, year after year, we are building an increasingly solid company, thanks to the quality of our geographically diversified portfolio based on competitive assets, our distinctive exploration capabilities, our growing exposure to energy transition businesses, and opportunities for early asset enhancement.” “These factors will support long-term recurring cash generation, allowing us to continue ensuring significant returns to shareholders, with substantial sharing of the benefits deriving from more favorable market scenarios, while maintaining an extremely robust financial structure, as demonstrated by the pro forma leverage ratio at a historic low of 10%. Thanks to these results, the buyback program is increased by an additional €600 million, reaching €3.4 billion,” he concluded.
Eni, Descalzi: “Excellent results thanks to effective management”
Rome, Jul. 29 (LaPresse) – “Our determination in executing our strategy has enabled us to achieve excellent results in the second quarter of 2026, supported by our diversified business portfolio, which provides us with a wide range of strategic options and a profitable growth outlook across the various businesses within our energy mix. These results stem from the effectiveness of our industrial and financial management and are growing significantly faster than the reference commodity price scenario.” Eni Chief Executive Officer Claudio Descalzi said this while commenting on the results for the second quarter and the first half of the year. “We are further strengthening our Exploration & Production business, which is entering another phase of growth and value generation, thanks to the launch of the Searah JV between Indonesia and Malaysia, which will allow us to enhance our significant gas discoveries in the Kutei basin, as well as through the progress made in numerous projects and the expansion of our activities into new geographical areas. The strength of this business and our excellence in exploration and production have supported extraordinary production growth, up 11% on a like-for-like basis,” he added. As for the transition businesses, they “are increasing their contribution to the Group’s results while simultaneously driving their own self-financed growth. Plenitude is in line with the plan to increase installed capacity to 6.5 GW by the end of the year and already has a customer base of 11 million users. Enilive is developing new production capacity to seize the opportunities offered by the rapid growth in demand for biofuels and has been able to fully capitalize on the conditions of this market phase.” “The half-year results – Descalzi continued – demonstrate that, year after year, we are building an increasingly solid company, thanks to the quality of our geographically diversified portfolio based on competitive assets, our distinctive exploration capabilities, our growing exposure to energy transition businesses, and opportunities for early asset enhancement.” “These factors will support long-term recurring cash generation, allowing us to continue ensuring significant returns to shareholders, with substantial sharing of the benefits deriving from more favorable market scenarios, while maintaining an extremely robust financial structure, as demonstrated by the pro forma leverage ratio at a historic low of 10%. Thanks to these results, the buyback program is increased by an additional €600 million, reaching €3.4 billion,” he concluded.
