Eni evaluates return to oil and gas trading to match rivals

Energy giant Eni is exploring a return to oil and gas trading to capture profits seen by rivals. CEO Claudio Descalzi aims to leverage market price volatility.

Insights:
Eni S.p.A. , the major energy company headquartered in Italy ITIT, is weighing a strategic return to the oil and gas trading business. CEO Claudio Descalzi disclosed in an interview with the Financial Times on February 18, 2026, that the company is currently evaluating a re-entry into the sector it exited in 2019. The move is currently under discussion as the firm seeks to capitalize on market conditions that have proven highly profitable for its industry peers.
The logo of Italian multinational energy company Eni is displayed at its booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
The logo of Italian multinational energy company Eni is displayed at its booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
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