ROMA (ITALPRESS) – The Ad of Eni Claudio Descalzi, together with the top management of the company, illustrated to the financial community the details of the strategic plan 2026-2030. In particular, investments are expected in the Plan range of less than 6 billion per year, less than 2 billion compared to Plan 2025-2028, thanks to further efficiency and focus actions, as well as the deconsolidation of some activities; including the contribution of portfolio operations, net investments in the Plan range are reduced from 6 billion to about 5 billion per year. In 2026 the investments are expected to 7 billion, down by 18% compared to 2025, i.e. approximately 5 billion including the effects of portfolio operations.
Thanks to the efficiency and effectiveness of Eni’s investments and the quality of the portfolio of new projects, Eni is expected to grow highly competitive. Eni estimates that the CFFO per share will grow at an average annual rate (CAGR) of 14% up to 2030, driven by the growth of all business and supported by performance improvement initiatives and efficiency measures. It is what emerges from the data of the strategic plan 2026-2030. Starting from a level of 11.5 billion in 2026, with a scenario of 70 dollars per barrel, Eni previews a total CFFO within the plan of approximately 71 billion. In combination with a regulated and efficient investment program, this will generate over 40 billion free cash flow in the period 2026-2030 or over 45 billion including the contribution of portfolio operations. The strong growth in cash generation, the disciplined allocation of the capital and the flows generated by the new streams of projects guarantee definitely positive returns, so Eni expects a ROACE level of approximately 13% in 2030.
“The strategic leadership of Eni remains coherence, decisive in an uncertain and volatile market context. Our world-class exploratory activity, our great ability to realize projects, our cutting-edge technologies and a clear and defined financial strategy are the pillars that in synergistic way fuel our growth, guarantee resilience and a highly attractive remuneration policy for our shareholders. The implementation of the strategy allowed us to achieve exceptional performance in 2025, which represents a concrete and important confirmation for the future.” Thus Claudio Descalzi, Ad di Eni, commenting on the strategic plan 2026-2030 of the society. “We will ensure production growth at the top of industry thanks to an extraordinary series of development projects. The combination of the volumes and value of these projects, together with the increasing marketing share of our equity productions, will generate progressively higher cash flows, a significant flexibility in the execution of projects and more important returns in the upstream,” he added.
“Looking at the future, our geographical diversification, commodity and technology reduces the risk of our portfolio and guarantees security of supply, as well as economic sustainability and emissions reduction. Our transition-related businesses will play a complementary role, responding to the growing demand for energy. As part of the transition activities, we are the only ones in industry to create autonomous, self-financed and sustainable business. The success of our strategy is confirmed by the financial value recognised to these businesses by leading financial investors internationally, with an important return for shareholders that makes it possible to further sustainable growth and returns Eni even more balance and resilience. At 2030 Eni will have a significantly greater cash generation, driven by further growth in our core business, as well as by the continuous cost reduction and performance improvements in other businesses. We expect a level of Cash Flow From Operation to approximately 17 billion in 2030, which corresponds to an average growth rate per share of 14%”.
“Thanks to a disciplined allocation of capital, we expect to generate a free cash flow within the plan of approximately 70% of our current market capitalization and a low level of financial indebtedness, with a gearing in the range of 10-15%, on the minimum historical levels. This allows us to strengthen the distribution to shareholders with a total payout of 35-45% of the CFFO, with the commitment to share the upside with our shareholders. For the 2026 we will propose a dividend of 1,10 euros, in increase of approximately 5%, and a program of repurchase of own shares initially fixed to 1,5 billion, with possibility of further increase of the buyback distributing 60% of the incremental cash flow in case of results or scenario better than the plan, as already happened in the past. For particularly high price scenarios, we expect to distribute 100% additional cash flow in the form of extraordinary dividends,” said Descalzi.
-Photos print office Eni-
(ITALPRESS).
