Eni S.p.A. has released its Q1 2026 results, confirming a strategy that uses cash flows from traditional oil and gas production to fund a transition toward low-carbon energy. The company is focusing on bio-refining, carbon capture, and renewable power to align with European climate policies. While upstream operations remain the primary profit engine, Eni is actively reshaping its portfolio. This includes diversifying gas sourcing away from Russia and converting traditional refineries into bio-refineries to reduce long-term emissions impact.
