Eni Unveils 2030 Strategic Plan with Increased Dividends and Buyback Program

Eni has announced its 2030 strategic plan, which includes distributing 100% of additional cash flow as extraordinary dividends if oil prices exceed $90 per barrel or gas prices rise by 50%. The company is reducing annual investments to €6 billion while targeting a 14% CAGR in cash flow from operations and implementing a share buyback program of up to €4 billion. Eni also anticipates a 3-4% annual production growth and aims for 5 million tons of biofuel production capacity by 2030.

Published Mar 20, 2026

Eni has launched its 2030 strategic plan, promising to distribute 100% of additional cash flow as extraordinary dividends if oil prices exceed $90 per barrel or gas prices surge by 50%. The company is cutting annual investments to €6 billion while targeting a 14% CAGR in cash flow from operations (CFFO) until 2030.

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Eni plans a share buyback program of €1.5 billion, potentially increasing to €4 billion based on cash flow performance. The CFFO distribution target has been raised to 35-45%. Eni expects to report a production growth of 3-4% annually until 2030 and achieve 5 million tons of biofuel production capacity by 2030.