Eni SpA (BIT:ENI) surpassed fourth quarter profit expectations by 35% with adjusted net profit of €1.20 billion, driven by strong production and disciplined costs. The Italian energy giant reported €2.87 billion adjusted proforma EBIT, exceeding estimates by 11.5%. Production rose 7.2% YoY to 1.84 million barrels of oil equivalent per day, offsetting a 15% price decline and currency impact. The exploration and production segment delivered €1.80 billion EBIT, well above the €1.52 billion consensus.

Shares gained 1.7% post-results. CEO Claudio Descalzi highlighted the strategy's success in building resilient earnings. For 2025, Eni achieved 4% higher production and a 167% organic reserve replacement. 2026 production growth is expected in line with plans, though capex is projected at €5 billion, below analyst forecasts.

This robust performance underscores Eni's operational strength in a challenging market.