Eni SpA

ENI: XMIL (ITA)
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Eni Earnings: Leaning Into Satellite Strategy and Boosting Payouts

Eni reported fourth-quarter results below expectations. Its strategic update brought an extension of guidance through 2028, an increase in its overall payout policy from 30%-35% to 35%-40% of cash flow from operations, the introduction of a CCUS satellite, and a Southeast Asia upstream combination.

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