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HIGHLIGHTS

MISSION

We are a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas.
Eni men and women have a passion for challenges, continuous improvement, excellence and particularly value people, the environment and integrity.

 

Company Profile

Company Profile

Eni operates in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction and engineering industries. In these businesses it has a strong edge and leading international market position.

Every action will be more and more based on making the most of people, contributing to the development and well-being of the communities with which it works protecting the environment, investing in the technological innovation and energy efficiency, as well as mitigating the risks of climate change.

Eni is active in 77 countries with a staff of about 78,400 employees.

  • 2010 Highlights2010 Highlights
  • 2009 Results2009 Results
  • governance at a glance governance at a glance
  • BusinessesBusinesses
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  • ChartsCharts

Results for the second quarter and the first half of 2010


Financial Highlights

  • Adjusted operating profit: €4.13 billion in the quarter (up 61.9%); €8.46 billion in the first half (up 34.2%).
  • Adjusted net profit: €1.63 billion in the quarter (up 80.2%); €3.45 billion in the first half (up 29.5%).
  • Net profit: €1.82 billion in the quarter (up 119.2%); €4.05 billion in the first half (up 47.9%).
  • Cash flow: €4.59 billion in the quarter; €9.14 billion in the first half.


Operational Highlights

  • Oil and natural gas production: 1.758 million barrels per day in the quarter, unchanged from 2009 on a comparable basis (up 1.0% in the first half).
  • Natural gas sales: down 6.2% to 19.2 billion cubic meters in the quarter (down 5.9% in the first half).
  • In the first half of 2010, 5 new fields were put into production in Italy, Congo, Algeria and Tunisia and Eni is on track to achieve the target of 12 field start-ups for 2010.
  • Significant exploration success was achieved in Angola, Venezuela, Pakistan, Norway and Indonesia increasing Eni’s resource base by 600 million barrels in the first half 2010.


Important events 2010 - first six months

January

April

May

June


Oil & Gas exploration and production activities in the first half 2010

Exploration success

Production start-ups


Results 2009

  • Net profit: €4.37 billion
  • Dividend proposal: €1.00 per share
  • Net sales from operations: €83.23 billion
  • Cash flow: €11.14 billion
  • Market capitalization: €64.5 billion
  • Oil and natural gas production: 1,769 kboe/d
  • Natural gas sales: 103.72 bcm

Board of Directors General Managers of Eni S.p.A.

Board of Statutory Auditors

Gas and Power Refining and Marketing Exploration and Production Engeneering and Construction Polimeri Europa Petrochemical

 

List of Eni's subsidiaries for year 2008

Eni’s businesses are:


The search for and production of hydrocarbons
Oil and natural gas production for the full year 2009 amounted to 1,769 kboe/d, representing a decrease of 28 kboe/d from 2008 (down 1.6%).

Leveraging on organic growth in Africa and Central Asia, Eni expects to deliver more than 2.5% compound average growth rate over the next four-year period, targeting a production level in excess of 2 mmboe/d by 2013 under Brent scenario at $65 per barrel.

Estimated net proved reserves at December 31, 2009 were 6.57 bboe (down 0.4% from 2008) based on a 12-month average Brent price of $59.9 per barrel.



The supply, transport, distribution and marketing of natural gas; production and sale of electricity
In 2009 Eni’s natural gas sales (103.72 bcm) were slightly down as a result of offsetting trends. On the negative side, volumes supplied to the Italian market were materially lower from a year ago against the backdrop of the economic downturn and stronger competitive pressures (down 12.83 bcm, or 24.3%). On the plus side, volumes gains were associated with the full contribution of the Distrigas acquisition (up 12.02 bcm for the full year) and organic growth achieved in a number of European markets.

Natural gas volumes transported on the Italian network were 76.90 bcm, down 10.2% from 2008.

Electricity volumes sold were 33.96 TWh, increasing by 4.03 TWh, or 13.5%, from 2008.



The refining and marketing of petroleum products
In 2009, excluding the impact of the divestment of marketing activities in the Iberian Peninsula in 2008 (down 1.52 mmtonnes), sales volumes of refined products (45.59 mmtonnes) were down 3.57 mmtonnes from 2008, or 7.3%, main In 2009 some 36.11 mmtonnes of crude purchased were marketed, up 38.9% from 2008, mainly driven by higher trading activities.

In addition, 2.92 mmtonnes of intermediate products were purchased (3.39 mmtonnes in the 2008) to be used as feedstock in conversion plants and 13.98 mmtonnes of refined products (17.42 mmtonnes in the 2008) were purchased to be sold on markets outside Italy (10.10 mmtonnes) and on the domestic market (3.88 mmtonnes) as a complement to available production.ly due to lower wholesale sales on the domestic and foreign market.



Oilfield Services, Construction and Engineering
Order backlog was €18,730 million at December 31, 2009 (€19,105 million at December 31, 2008), related in particular to projects in North Africa (30%), West Africa (15%) and the Rest of Europe (13%).



Petrochemical
Sales of petrochemical products were 4,265 ktonnes, down 419 ktonnes from last year, or 8.9%, due to a context of economic downturn, especially in the automotive sector, that negatively influenced demand for petrochemical products.

Liquids production Natural gas production

Natural gas supplies of Eni's consolidated subsidiaries

Shareholder structure

Dividend performance





Last updated on 12/08/10