Italian integrated energy company Eni (E) Wednesday posted a 7% rise in Q2 hydrocarbon production to 1.8 million barrels of oil equivalent per day, from 1.7 Mboe/d a year ago, driven by project ramp-ups in Norway, Congo, and Mexico and project start-ups in Angola.
Higher output from Indonesia and Malaysia following the formation of Searah joint venture also contributed to the production increase.
Liquid production was 832,000 barrels per day in Q2, up 1% from 825,000 bbl/d in Q2 2025. Natural gas output rose 14% to 5.01 billion cubic feet per day from 4.42 bcf/d a year ago.
Eni said that, after adjusting for the impact of portfolio transactions and price effects, the quarterly underlying production was up 11% year over year.
The company results showed that gas sales grew 19% to 10.75 billion cubic meters in Q2, from 9.01 bcm a year earlier. Of the total volume, liquefied natural gas accounted for 2.9 bcm, representing a 4% rise from the prior year's 2.8 bcm.
Meanwhile, thermoelectric production from the power generation business stood at 3.91 terawatt-hours, down 14% from 4.53 TWh in Q2 2025, as plant utilization rate decreased because of planned maintenance activities.
In the transition business, Eni subsidiary Enilive reported a 3% year-over-year decline in total sales to 5.2 million metric tons from 5.4 mmt, as bio throughputs and bio refinery utilization rate remained largely stable at around 275,000 metric tons and 74%, respectively.
Plenitude, on the other hand, saw a 33% year-over-year surge in installed renewable capacity to 6.0 gigawatts in Q2 from 4.5 GW a year ago, and a 47% jump in renewable energy production to 2.2 TWh from 1.5 TWh.
The capacity expansion reflected "the organic development in Spain, the UK, Greece, Italy and Kazakhstan, as well as the acquisitions in France and in the US," the company said.
Eni's refining unit logged a 20% drop in total throughputs to 5.1 mmt during the quarter, compared with the prior year's 6.4 mmt. Refinery utilization rate also fell to 74% from 84% a year earlier.
Refinery throughputs in Italy declined due to planned maintenance activities, while those in the rest of the world slipped because of product unavailability caused by shipping disruptions in the Strait of Hormuz, the report said.