12.5 bln
euro
Adjusted cash flow
In 2025, Eni made significant progress in executing its distinctive transformation strategy, focused on growing and enhancing the value of both traditional and transition businesses. This success is built on the pillars of organic growth, diversification, vertical integration, the development of new technologies, and the implementation of innovative business models. We have strengthened our portfolio and applied rigorous investment discipline, making Eni even more resilient to market volatility through a solid capital structure and low leverage. At the same time, we have increased shareholder remuneration delivering industry-leading returns.
Business activities are organised into three areas: Global Natural Resources, Transition Businesses and Industrial Transformation.
Manages the upstream oil & gas portfolio and the development of CCS and agri-hubs.
Plays an increasingly important role in stabilising and strengthening the Group’s results.
Focused on chemicals, traditional downstream restructuring, and environmental remediation.
Eni’s exploration approach leverages a unique model of organic growth by divesting stakes in high-potential discoveries. This accelerates time-to-market while maximizing equity production margins.
Our Transition businesses delivered material growth and value creation, further diversifying and strengthening earnings.
Focused on accelerating industrial transformation in the chemical sector, traditional downstream conversion, and the evolution of environmental remediation activities.
We are an integrated energy company operating across the entire value chain: from exploration, development and resources extraction to the commercialisation of energy, products and services for end users.
Lead the Change: practical choices that combine business and sustainability to turn strategy into shared value.
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