Eni Doubles Profits, Raises Dividend and Share Buybacks

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Italian energy giant Eni reported third-quarter adjusted net profit of €2.8 billion, more than doubling last year’s €1.25 billion and beating analyst expectations. Stronger oil and gas production, higher energy prices and refining margins boosted earnings. Eni announced a €1.3 billion special dividend, increased its share buyback programme to €3.8 billion and raised its annual operating cash flow forecast.

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https://www.upstreamonline.com/finance/eni-beats-profit-forecasts-hikes-dividend-and-buyback/2-1-2063119

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