Eni completes Nigeria sale. Eni stock falls 2.43 percent

Published on 10/27/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AENR held 5.00 percent in Nigeria's Renaissance JV. Eni stock stands at EUR 26.48 on October 27, 2026, minus 2.43 percent versus EUR 27.14 Xetra close.

Eni broadens its portfolio reshaping

Eni completed the sale of its Nigerian subsidiary AENR to Apex on October 26, 2026.
The transaction follows October agreements to sell 10.00 percent stakes in Indonesian assets to Pertamina and Medco.
Eni stock was at EUR 26.48 at Lang & Schwarz on October 27, 2026, down 2.43 percent versus the EUR 27.14 Xetra close.

Eni, IT0003132476, Illustration mit AI erstellt.

Eni (ISIN IT0003132476) was trading at EUR 26.48 at Lang & Schwarz on October 27, 2026 at 3:34 p.m. CET, down 2.43 percent versus the Xetra close of October 26, 2026 at EUR 27.14. On October 26, Eni completed the sale of its Nigerian subsidiary AENR to Apex, according to the Eni release.

Nigeria adds to portfolio reshaping

AENR held a 5.00 percent interest in the Renaissance joint venture, whose other participants include operator Renaissance at 30.00 percent, TotalEnergies at 10.00 percent and Nigeria National Petroleum Corporation at 55.00 percent. Eni said the approved transaction supports a rebalancing of upstream assets and divests non-strategic positions, while the company retains deep offshore and Nigeria LNG activities.

The Nigerian sale broadens the portfolio action beyond the Indonesian transactions already announced in October. Eni said it had signed binding agreements to sell retained 10.00 percent interests in two Kutei Basin gas portfolios to Pertamina and Medco, covering the Northern and Southern hubs and the Geliga discovery, in its third-quarter results release.

Cash returns remain part of the picture

Eni's third-quarter and nine-month results released on October 23 showed proforma adjusted EBIT of EUR 6.00 billion in the third quarter of 2026 and adjusted net profit of EUR 2.80 billion. Underlying production increased 7.00 percent year over year to 1.83 million barrels of oil equivalent per day.

The same release raised the 2026 buyback to EUR 3.80 billion and set an extraordinary dividend of EUR 0.46 per share. The ex-dividend date is December 7, 2026, with payment scheduled for December 9, 2026.

Stock position after the latest move

The market picture now combines a broader upstream asset rotation with sizeable shareholder distributions. The 2.43 percent decline against the October 26 Xetra close leaves the price below that level, while Eni's reported 9.00 percent proforma gearing for the third quarter of 2026 provides a balance-sheet metric for assessing the cash-return program.

At Lang & Schwarz, Eni was trading at EUR 26.48 on October 27, 2026 at 3:34 p.m. CET, down 2.43 percent versus the Xetra close of October 26, 2026 at EUR 27.14. The further course of trading is shown by the continuously updated real-time quote of Eni stock.