In February, we communicated the strategic roadmap towards 2050 that will take our company through the energy transition.
In line with this Strategy, in June, we announced the new organization, creating two new integrated business groups:
- Natural Resources will develop the upstream oil & gas portfolio sustainably, promoting energy efficiency and carbon capture. The business group will be integrated along the gas value chain, from exploration to development to wholesale via pipeline or LNG, leveraging our technical and commercial competences. In addition this business will lead CCUS, Forestry, Sustainability and Environmental Remediation: key activities for the sustainable delivery of decarbonized products.
- The second business group, Energy Evolution, is dedicated to supporting the evolution of the company’s power generation, product transformation and marketing from fossil to bio, blue and green. Thanks to the business group’s coordination, the Company will be able to develop these activities in an integrated way, both geographically and in terms of business lines, maximizing results in terms of product development, customer service and profitability.
Alongside corporate functions, the business groups will be supported by a new Technology, R&D and Digital function.
Our organization will deliver a better balanced portfolio, reducing the exposure to the volatility of hydrocarbon prices, to become a leader in the decarbonization process.