Eni stock holds near a 52-week high after oil turns firmer

Eni stock is trading at €24.01 after a 1.01% move, with the share price sitting just below its €25.01 52-week high.

Eni S.p.A. (IT0003128367) traded at €24.01 on August 18, 2026, with a market value of €69.28 billion and a 52-week range of €14.50 to €25.01. The move came as oil-related market sentiment firmed, with Reuters noting on August 18, 2026 that crude and bond-yield pressure lifted energy shares in Europe. Recent Reuters reporting tied the broader tone to higher crude prices and Middle East risk, a backdrop that matters for Eni stock because the company is still anchored by upstream oil and gas earnings.

Q2 sales jumped

For the most recent quarter, Eni reported revenue of €22.31 billion in Q2 2026, up 18.9% year over year, while net income reached €3.32 billion, up 511.2% from the prior-year quarter. EBITDA in that quarter was €4.05 billion, down 38.2% year over year, which shows why traders can still separate top-line strength from margin pressure in the same report.

That mix is visible in the company’s trailing figures too: revenue stood at €82.88 billion, EBITDA at €7.45 billion, and free cash flow at €3.64 billion. The stock’s one-month return of 10.95% and year-to-date gain of 49.32% show that the market has already been rewarding the recent operating rebound.

Balance sheet still matters

Eni’s Q2 2026 debt load was €36.99 billion, while cash and short-term investments were €15.09 billion. Free cash flow of €2.18 billion in Q2 2026 was up 59.3% year over year, a useful counterweight to the softer EBITDA line and a reminder that cash generation remains central to the investment case.

Compared with a year earlier, the stock has also re-rated sharply. Eni was trading 60.71% above its August 18, 2025 level, and the latest close sits only 4.0% below the 52-week high of €25.01.

What Eni sells

Eni is an integrated energy company with exploration and production, natural gas, refining, and retail power and gas operations. Its portfolio also includes renewable energy and carbon capture activities, which adds a second earnings driver alongside the core hydrocarbon business.

Share setup

Eni shares closed at €24.01 on August 18, 2026. The stock remains within a narrow band near its 52-week high, with a daily range of €23.95 to €24.26 and a market cap of €69.28 billion.

Fact box

Company: Eni S.p.A.

ISIN: IT0003128367

Ticker: ENI

Exchange: Xetra

Price (as of August 18, 2026): EUR 24.01

Market cap: EUR 69.28 billion

Sector / Industry: Energy / Oil, Gas and Consumable Fuels

Index membership: FTSE MIB

Next earnings date: October 23, 2026