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Shareholders remuneration policy

Eni’s Shareholders remuneration policy is structured as follows:

 an annual dividend of:

  • 0.36 €/share for Brent Reference Price of 43 $/bbl (floor dividend)
  • 0.41 €/share for Brent Reference Price between 44 and 46 $/bbl
  • 0.49 €/share for Brent Reference Price between 47 and 50 $/bbl
  • 0.61 €/share for Brent Reference Price between 51 and 55 $/bbl
  • 0.75 €/share for Brent Reference Price between 56 and 60 $/bbl
  • 0.86 €/share for Brent Reference Price between 61 and 79 $/bbl
  • 0.88 €/share for Brent Reference Price between 80 and 90 $/bbl.

share buyback triggered by a Brent Reference Price of 56 $/bbl with a value of 300 Mln euro per year. This amount will rise to:

  • 400 Mln euro per year for Brent Reference Price between 61 and 65 $/bbl
  • 800 Mln euro per year for Brent Reference Price between 66 and 79 $/bbl
  • 1.1 Bln euro per year for Brent Reference Price between 80 and 90 $/bbl.

In addition, for scenarios above 90 $/bbl,  further buyback equivalent to 30% of the associated incremental FCF will be made. These scenario assessments will be done in July and updated in October.