Why are Eni's shares falling for the fifth consecutive day?

Eni's shares are falling for the fifth consecutive day amid speculation that the Italian government may impose a windfall tax on energy companies to help finance fuel-price cuts in response to the U.S.-Iran war, with the stock down 0.7% at 1000 GMT in Milan morning trading and losses since August 20 exceeding 6%.

What is the current status of Italy's political debate over a windfall tax on energy firms?

Italy's ruling coalition is split on whether to impose a windfall tax on energy companies, with the far-right League supporting the proposal and the more moderate Forza Italia seen as opposing it.

Eni Shares Fall Fifth Day Amid Italy Windfall Tax Debate

Aug 27, 2026

Eni shares fell for five consecutive days amid speculation that Italy may impose a windfall tax on energy firms to finance fuel-price cuts. The move comes as the government extends excise duty reductions and discusses EU-wide profit taxation mechanisms.

reuters

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