1315 GMT - Eni's share buyback could grow to 2.5 billion euros this year, Jefferies analysts Giacomo Romeo and Kai Ye Loh write. The Italian energy major plans to initially buy back 1.5 billion euros of shares over the year but said it could be as high as 3.5 billion euros. In reality, it is more likely to be between 1.8 billion and 2.5 billion euros, the analysts write. Overall, the oil major's revised strategy contains higher-than-expected distributions, higher upstream production and unchanged capital expenditure guidance despite exchange-rate headwinds, the analysts write. Shares trade down 1.6% at 13.85 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 08:15 ET (13:15 GMT)
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