Eni Stock Holds Above $54 as Argentina LNG Project Advances
Eni's stock has remained resilient in New York, trading above $54 as of August 13, 2026. The NYSE-listed shares have gained strongly since the start of the year, with a 44.5 percent increase from the January 2026 starting level of $37.93.
The stock's performance is being influenced by the company's latest earnings and guidance, as well as its Argentina LNG regulatory milestone. The project, promoted by YPF, Eni, and XRG, aims to export liquefied natural gas derived from the Vaca Muerta shale formation in Argentina.
The application to join the Large Investment Incentive Regime (RIGI) is intended to secure stable, long-term fiscal and regulatory conditions that can support the financing and construction of large LNG infrastructure. This move reinforces Eni's strategy of building a diversified LNG portfolio across multiple regions.