Shareholders’ remuneration

Our distribution policy confirms the progressive growth in shareholder value as we execute our strategy. We rank distribution as a top priority in our financial framework by allocating a percentage of the operating cashflow - a transparent link to our business performance. In the context of a strong balance sheet, new satellites and de-consolidated cashflows and lower capex, Eni raised its target distribution payout to 35-45% of CFFO from 35-40%, previously. Dividend is our first priority within the capital framework. We expect to grow dividend over time while also improving its quality.

• an annual dividend of €1.10/share, a 5% increase versus 2025
• a share buyback programme initially set at €1.5 bln, with the potential for further increases in the buyback by distributing 60% of incremental cash flow in the event of results or scenarios exceeding the Plan, as already occurred in the past
• following Q1 results, considering strong underlying performance and improved scenario, FY CFFO guidance is raised by 20% to €13.8 bln. Consistent with Eni’s distribution policy of material upside participation for shareholders, the proposed share buyback is raised by around 90% to €2.8 bln
• in scenarios of particularly high oil prices (above $90 per barrel, or with a 50% increase in gas prices or refining margins) we plan to distribute 100% of the additional cash flow in the form of an extraordinary dividend.

The dividend is split into 4 instalments paid every year in March, May, September and November.

2026 Dividend: the payments are scheduled as follows:
 

• first tranche: €0.27 per share to be paid on September 23, 2026 (ex-dividend date: September 21, 2026; record date: September 22, 2026).
• second tranche: €0.27 per share to be paid on November 25, 2026 (ex-dividend date: November 23, 2026; record date: November 24, 2026).
• third tranche: €0.28 per share to be paid in March 2027.
• fourth tranche: €0.28 per share to be paid in May 2027.

The fourth tranche of the 2025 dividend has been paid on May 20, 2026 (ex-dividend date: May 18, 2026; record date: May 19, 2026).

This is the ratio between the dividend and the share price. The following methodology was used for the calculation of values: value of dividend in relation to the average of closing prices in the December of the year to which the dividend pertains. For example: 2014 dividend yield = €1.12 (2014 dividend distributed with an interim dividend in September 2014 and the balance in May 2015) /€14.72 (average share price in December 2014). The dividend yield is used as an indicator of the return regardless of gains/losses. It should not be considered as an expected return as it takes into account the dividend for each year.

_{* 1 euro = 1936.27 lire}