Eni shares traded steadily after the Italian energy group reported higher adjusted net profit for 2024 and outlined continued investment in renewables and low-carbon businesses. The company is building utility-scale solar and wind projects, biofuels initiatives, and carbon capture solutions to gradually reduce exposure to commodity price swings and emissions regulation. Operating cash flow remained robust in 2024, supporting capital expenditure across oil, gas, and power while maintaining dividends. Investors are watching how Eni's renewables segment contributes to earnings over time, as the core upstream and gas operations still drive most financial results.
