Eni’s oil and gas production from its global portfolio  rose by over 7% year on year (YoY) during Q4 of 2025, reaching 1.84 million barrels of oil equivalent per day (boe/d), thanks to the accelerated start-ups and ramp-ups as well as excellent base business performance, the company said in a statement.

The company’s Adjusted net income reached €1.2 Bn, marking a 35% YoY increase, while cash flow from operations rose 4% to €3 Bn.

This came as Eni’s Board of Directors, chaired by Giuseppe Zafarana, the company’s chairman, approved the unaudited consolidated results for the fourth quarter and the FY 2025 on February 25, 2026.

“In 2025 we proved that the consistent execution of our strategy, developed in the most recent years, is delivering a resilient business with structurally stronger earnings power. We delivered strong operational performance, brought key projects on stream on schedule, and continued to reduce debt while increasing returns to our investors. Exploration & Production results were outstanding, driven by accretive production growth and disciplined costs,” Eni CEO Claudio Descalzi said.

According to Descalzi, Eni started up six major projects, enabling production to finish above full-year guidance and delivering underlying growth of 4%. It also took Final Investment Decisions (FID)s on four major projects, reinforcing its medium-term outlook.

In parallel, Eni created a new growth platform through its largest business combination with Petronas in Indonesia and Malaysia, focused on LNG, Descalzi added.

Looking ahead, Eni expects oil and gas production growth to be consistent with its 2025–28 guidance, with net capital expenditure (Capex) of around €5 Bn.