Eni Q3 Profit Doubles on Refining Boom, Boosts Investor Payouts

Eni's adjusted net profit surged 125% to $3.14B in Q3, beating consensus, driven by higher production and more than doubled refining margins. The company announced an extraordinary dividend and increased buybacks, signaling strong cash generation and shareholder returns. This reflects a broader refining margin upcycle that could support European energy equities.

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