Share Buyback Proposal Signals Eni’s Focus on Shareholder Returns Eni plans to seek approval for a $1.64 billion share repurchase, potentially expanding to $3.5 billion, at its May 14 shareholder meeting. The program, part of Eni’s 2025-28 strategy, aims to return 35-40% of annual cash flow to investors, even as recent profits and cash flow have declined year-over-year.34