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Eni's transformation since 2014

Technology at the heart of our strategy

Technology, and proprietary technology in particular, is the foundation of our strategy and one of the pillars underpinning Eni's industrial model. Since 2014, we have progressively strengthened its role across all our businesses, from E&P to the development of new activities connected with the energy transition.

Today, technology and know-how are a key enabler in the execution of our five-year Plan. In our traditional activities, they strengthen the competitiveness of exploration and production by improving operational efficiency, resource identification and project optimisation. This gives us the flexibility we need to respond effectively to energy demand.

At the same time, technology is a fundamental driver of growth in our transition-related businesses, supporting the development of solutions such as renewables, biofuels, carbon capture and storage, and emerging low-carbon energy technologies such as fusion.

To this end, we have developed a distinctive business model, the satellite model, built around dedicated companies capable of attracting new capital. By unlocking the value of these entities, we can access new resources while maintaining financial efficiency and strengthening our balance sheet. Furthermore, by progressively scaling our activities, we are able to generate competitive returns for shareholders.

In this context, partnership with our stakeholders is essential to implementing new models and technologies successfully, and to engaging all parties in the transformation of the energy system.

 

The following infographic summarises the key business and financial KPIs.

Business KPIs  The infographic presents some of Eni’s business KPIs, with a comparison between 2014 and 2025 data. The first graph shows production in million barrels of oil equivalent per day (Mboe/d). In 2014, production was 1.58 Mboe/d, while in 2025 it reached 1.73 Mboe/d, a 9% increase. The second graph describes installed renewable capacity in gigawatts (GW). In 2014, capacity was 0 GW, while in 2025 it reached 5.8 GW. The third graph illustrates biorefining capacity in million tonnes per annum (MTPA), described as an area of strong growth. In 2014, capacity was 0.40 MTPA, while in 2025 it rose to 1.65 MTPA. Financial KPIs  The infographic presents some of Eni’s financial KPIs, with a comparison between 2014 and 2025 data. The first graph shows capital expenditure (Capex) in billions of euros. In 2014, the value was 12.2 billion euros, falling to 8.5 billion euros in 2025, a 30% reduction. The second graph describes adjusted net profit in billions of euros. The value went from 3.7 billion euros in 2014 to 5 billion euros in 2025, an increase of more than 1.3 times. The third graph illustrates net debt in billions of euros. In 2014, it was 13.7 billion euros, while in 2025 it decreased to 9.4 billion euros, a 31% drop.