Eni updates its strategy for low carbon solutions, shares in focus for energy investors

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-29, 20:36.

Eni S.p.A. (IT0003128367) has recently updated investors on the development of its low carbon solutions platform, refining targets and business structure as part of its broader transition strategy. The Milan-listed group positions the division as a key lever alongside its traditional oil and gas activities, setting out medium-term goals in its latest capital markets communication per company materials.

New roadmap for low carbon business

Eni describes its low carbon solutions portfolio as focusing on carbon capture and storage, biofuels and other decarbonization services, integrated with its existing upstream and downstream infrastructure according to its investor presentations. The company flags partnerships with industrial clients in Europe, where it competes with peers like Shell and BP in offering decarbonization projects tied to large industrial clusters.

The Italian energy major outlines expected capacity expansions in carbon capture sites and bio-refining volumes over the next few years, using existing assets and joint ventures to scale activities according to the latest strategy slides. It sees the business as generating resilient cash flows under long-term service contracts, aiming to mitigate commodity price volatility from the core oil and gas operations.

Portfolio positioning and sector peers

Eni continues to run a diversified model across upstream, gas and LNG, refining and marketing, and power generation, while pushing the low carbon solutions unit as an additional pillar according to its communications. Sector peers such as TotalEnergies and Repsol pursue comparable integrated strategies, combining traditional fuels with renewables, low carbon fuels and customer solutions.

The company maintains a strong presence in the Mediterranean and African upstream regions, complemented by gas and LNG trading activities that support supply security for European customers as industry sources highlight. Its refining and marketing footprint in Italy and other European markets provides optionality for biofuels development, with bio-refineries integrated into existing sites to optimize logistics and feedstocks.

How Eni makes its money

Eni earns the bulk of its cash flow from exploration and production of oil and gas, complemented by natural gas and LNG sales, refining and fuel retail, and power generation from conventional and renewable sources. The low carbon solutions division adds revenue streams from decarbonization services, including carbon capture and biofuels, sold to industrial and commercial clients under long-term arrangements.

Where the stock trades

Eni shares trade primarily on the Borsa Italiana in Milan, with the stock also available via various international trading platforms, giving global investors access to the integrated Italian energy group.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.