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Friday, October 23, 2026Updated 10:29 UTC

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Eni's Profits Soar 125% as Refining Boom Fuels Massive Investor Payouts

Source: OilPrice.com · Oct 23, 2026 09:29 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Italian energy group Eni is boosting its payout to investors with an extraordinary dividend and increased share buybacks after more than doubling its third-quarter earnings on higher oil and gas production and soaring refining margins. Eni’s adjusted net profit more than doubled from a year earlier to $3.14 billion (2.8 billion euros) for the third quarter, driven by higher oil and gas production

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