ENI raised its 2026 underlying oil and gas production outlook to more than 5% above the upper end of its previous range. During the first half, ENI sanctioned Baleine Phase Three in Côte d’Ivoire, Geng North in Indonesia and Cronos in Cyprus. Global Gas & LNG pro forma EBIT is now expected to exceed €1.4 billion, while Plenitude and Enilive’s combined full-year pro forma EBITDA target was increased to €2.6 billion from €2.4 billion. Descalzi said Global Gas & LNG generated €470 million of pro forma EBIT in the second quarter. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.