Eni completes CCS platform as Eni stock sits 22.41 percent below target

Published on 10/09/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays lifted its target to EUR 32.00 on October 5, 2026. Eni stock costs EUR 24.83 on October 9, 2026 versus EUR 24.81.

Key points in brief

Eni completed installation of the Douglas CCS platform at Liverpool Bay on October 8, 2026.
The Liverpool Bay CCS network is 50.00 percent complete, according to Eni.
Eni stock was at EUR 24.83 at Lang & Schwarz on October 9, 2026, up 0.08 percent from EUR 24.81.
Barclays raised its Eni target from EUR 30.50 to EUR 32.00 on October 5, 2026.

Aquarellbild der Skyline von Rom mit modernem Bürogebäude im Vordergrund — Aquarellmalerei zeigt die Skyline von Rom mit Bürohochhaus, Sitz von Eni S.p.A., ISIN IT0003132476, Illustration mit AI erstellt.

Eni (ISIN IT0003132476) was trading at EUR 24.83 at Lang & Schwarz on October 9, 2026 at 11:47 a.m. CEST, up 0.08 percent from the prior close of EUR 24.81. On October 8, Eni CCUS Holding completed installation of the Douglas CCS platform in Liverpool Bay, as Eni reported. Barclays had raised its target from EUR 30.50 to EUR 32.00 on October 5, 2026, leaving the share price 22.41 percent below that target, according to Markets Insider.

CCS project reaches 50.00 percent

The Douglas platform is designed to receive captured carbon dioxide from industrial facilities across North West England and North Wales. The facility includes 1,885 tonnes of topside equipment, a 1,755-tonne jacket and eight foundation piles weighing 730 tonnes in total, according to Eni's October 8 release.

Eni said the wider Liverpool Bay CCS network was 50.00 percent complete on October 8. The project uses existing offshore pipelines and depleted gas reservoirs, while more than 2,000 construction jobs are supported by the investment.

What does the platform add?

The project gives Eni a concrete infrastructure milestone in carbon transport and storage rather than a broad transition target. The company said the platform was delivered in less than 18 months from contract award, and that 60.00 percent of project expenditure was being delivered through UK-based supply chains.

The operational scale matters because Eni's investor materials identify hydrocarbon prices as a major sensitivity for profits. CCS therefore adds a separate industrial infrastructure theme while the stock remains 22.41 percent below the Barclays target of EUR 32.00.

Three dated Eni milestones

On July 29, 2026, Eni reported first-half adjusted EBIT of EUR 8.90 billion and adjusted net profit of EUR 3.60 billion, according to Eni. On October 5, 2026, Barclays raised its target from EUR 30.50 to EUR 32.00, according to Markets Insider. On October 8, 2026, Eni reported completion of the Douglas CCS installation and 50.00 percent progress across the network, according to Eni.

Results and dividend dates

Eni's next reported date is October 23, 2026, when the company has scheduled its third-quarter results and conference call, according to Eni. The board is expected to approve the second dividend tranche on October 22, 2026, according to Economia Italia.

Eni stock stays near EUR 25.00

The Eni quote was EUR 24.83 at Lang & Schwarz on October 9, 2026 at 11:47 a.m. CEST, up 0.08 percent versus the Lang & Schwarz prior close of EUR 24.81. The further course of trading is shown by the continuously updated real-time quote of Eni stock.