Venezuela owed Eni around $3.3 billion at end of 2025, annual report shows

Eni reported $3.3 billion owed by Venezuela's PDVSA at year-end, including roughly $1.0 billion of accrued interest, in its annual report. The disclosure highlights a material receivable and sovereign counterparty exposure to PDVSA that could affect Eni's cash collection and credit risk, but it is presented as a balance-sheet item rather than an immediate market-moving event.

Analysis

Eni reported $3.3 billion owed by Venezuela's PDVSA at year-end, including roughly $1.0 billion of accrued interest, in its annual report. The disclosure highlights a material receivable and sovereign counterparty exposure to PDVSA that could affect Eni's cash collection and credit risk, but it is presented as a balance-sheet item rather than an immediate market-moving event.