Claudio Descalzi: consistency is the primary pillar of Eni's strategic vision

May 20, 2026 - PRLog -- Eni's 2026-30 Plan and Strategic Outlook: a roadmap by CEO Claudio Descalzi

During the presentation of Eni's 2026-30 Plan and Strategic Outlook on March 19, 2026, CEO Claudio Descalzi detailed five strategic pillars designed to harmonize consistency with industrial evolution. On one hand, the roadmap emphasizes the execution of strategy and the management of a solid E&P portfolio, currently the most robust in the company's history. On the other hand, it prioritizes investments in technology and human capital alongside the development of transition-focused business models. A component of this shift is the deconsolidation of Plenitude, which is closely linked to the financial model established by the CEO to extract value from satellite companies and enhance the Group's overall cash generation. Building on these elements, Eni is launching a new strategic plan toward 2030, supported by an annual investment of 5 billion euro. CEO Claudio Descalzi noted that consistency remains Eni's strategic cornerstone, which is crucial in a volatile market environment. He further explained that exploration, project execution, and technology act as the pillars that fuel growth and guarantee a highly attractive remuneration policy. Looking ahead, the CEO highlighted that the plan will boost cash generation through core business growth and continued cost efficiency. Eni expects cash flow from operations to reach approximately 17 billion euro by 2030, representing a 14% compound annual growth rate per share. Finally, the plan introduces a strengthened dividend policy – for 2026, the proposed dividend will rise to 1.10 euro per share, a 5% increase. Additionally, the 1.5-billion-euro buyback may be expanded up to 4 billion euro, depending on CFFO performance.

Claudio Descalzi on Eni's 2026-2030 Plan: a clear strategy for growth

Eni's 2026-30 roadmap also includes an enhancement plan through which the Group will share any operating cash flow upside with its shareholders. Specifically, if brent prices reach 90 USD per barrel, Eni will allocate 60% of the incremental flows – relative to the Plan – toward a further buyback of treasury shares, as per the Board's resolution. Furthermore, should brent exceed 90 USD, or if gas prices and refining margins surpass budget scenarios by 50%, Eni will distribute an extraordinary coupon financed by the entire incremental cash flow, to be released in the final quarter of the year. Regarding operational efficiency, the Group aims to further streamline its internal machinery. Investments in 2026 are expected to reach 7 billion euro, representing an 18% decrease compared to 2025. This discipline is designed to bolster operating cash flow, which Claudio Descalzi (https://en.ilsole24ore.com/art/eni-new-plan-5-billion-l-y...) noted will grow at an average annual rate of 14% through 2030, totaling 71 billion euro over the plan's duration.