Eni, Italy’s energy giant, has acquired 4.08 million treasury shares for a total of €99.99 mn between 5 and 9 October 2026 as part of the second tranche of its share buyback program, the Italian energy company said on 14 October.

The company purchased 4.01 million shares on Euronext Milan at a weighted average price of around €24.51 per share, equivalent to 0.13% of its share capital.

The purchases were made under a program approved by shareholders on 6 May to provide additional remuneration beyond the dividends approved at the same meeting.

Eni acquired the shares in five daily transactions, each worth approximately €20 mn.

Since launching the buyback program on 8 May, Eni has purchased 81.36 million shares, equivalent to 2.69% of its share capital, for a total consideration of €1.85 bn.

Following these purchases, including treasury shares already held, the company owns 168.18 million treasury shares, representing 5.55% of its share capital.

On 6 May, Eni’s shareholders approved authorizing its Board of Directors to proceed with the purchase of treasury shares of the company, in multiple tranches, for a period up to the end of April 2027, up to a maximum of 303 million ordinary shares for a total outlay of up to €4bn.