Eni extends fuel discounts and Eni stock trades 2.66 percent below its high

Published on 10/02/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni posted EUR 3.60 billion adjusted net profit in the first half of 2026. Eni stock costs EUR 24.35 on October 2, 2026 after EUR 24.14.

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Eni stock was trading at EUR 24.35 at Lang & Schwarz on October 2, 2026 at 4:03 p.m. CEST, 2.66 percent below its 52-week high of EUR 25.02. On October 2, 2026, Eni extended a 20.00 percent discount on agricultural and fishing diesel and gasoline until October 31, with a possible extension through year-end, according to Eni.

Fuel discount reaches two sectors

The offer applies to Enilive customers and reduces prices net of value-added tax. Marketscreener reported on October 2, 2026 that the measure follows Eni's retail fuel price cap of EUR 2.19 for diesel and EUR 1.99 for gasoline, announced the prior week. The discount therefore links Eni's downstream business to a direct consumer-price measure rather than to a change in production volumes.

First-half profit provides the financial base

Eni's investor materials show EUR 8.90 billion of pro forma adjusted EBIT and EUR 3.60 billion of adjusted net profit for the first half of 2026. The same period produced EUR 7.30 billion of cash flow from operations before working-capital changes and daily hydrocarbon production of 1.80 million barrels of oil equivalent, according to Eni.

The operating figures give the fuel initiative a broader context: the company entered the October promotion with substantial first-half adjusted earnings and cash generation. For investors, the key comparison is the EUR 3.60 billion adjusted net profit alongside EUR 7.30 billion of operating cash flow before working-capital changes, rather than the discount percentage alone.

HSBC target sits above the quote

On September 25, 2026, HSBC analyst Sadnan Ali raised the price target for Eni from EUR 24.00 to EUR 25.50 and kept a Hold rating, as Markets Insider reported. The new target is 4.72 percent above the Lang & Schwarz price, using the same euro currency, while the quote remains 2.66 percent below the 52-week high.

Next results date is October 23

Eni's next scheduled earnings report is October 23, 2026, according to Investing.com. The date follows the company's second-quarter results and keeps the upcoming reporting cycle as the next major scheduled test for the figures behind the stock.

Stock stays below its yearly high

At Lang & Schwarz, Eni was trading at EUR 24.35 on October 2, 2026 at 4:03 p.m. CEST, up 0.87 percent versus the EUR 24.14 prior close of October 1, 2026. The Milan-listed company had a market capitalization of EUR 70.0 billion and a 52-week range of EUR 14.54 to EUR 25.02 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Eni stock.