Eni Profits Soar Five-Fold as Energy Costs Loom Over Marche’s Industry

Italian energy major Eni reported a five-fold increase in profits in the second quarter of 2026, joining a wave of oil companies capitalizing on rising crude prices driven by the conflict in the Middle East, according to The Local Italy. The company’s earnings surge comes as households and businesses across the country continue to face elevated energy costs.

The profit announcement is likely to reignite debate about the burden of energy prices on Italy’s industrial base, particularly in regions such as Marche where manufacturing districts are concentrated. The region’s economy relies heavily on energy-intensive sectors including footwear, furniture, and mechanical engineering, all of which are sensitive to electricity and gas costs.