The whole of Italy has been faced with an unprecedented situation: theCovid-19 health emergency has changed our lives, putting us all to the test. In the face of this challenge, we have joined forces and made our skills available to respond hand in hand with the rest of the country.
During a global emergency such as this, we must mobilise all available resources to overcome the challenge we face. We at Eni are honoured to be able to contribute to trying to find solutions for this challenge for humanity.
We have provided immediate support, drawing on the experience we gained in past pandemics, such as SARS-CoV-1 and Ebola. We have mobilised significant resources in economic terms, and in terms of human and technological capital, to support our country, our people and the communities where Eni operates. We have put in place an extensive series of medical and social activities, launching important initiatives to support local health structures in the places where we operate.
The economic commitment of the many projects, such as being the sole partner of Agostino Gemelli University Policlinic in building its COVID 2 Hospital in Rome (formerly the private Columbus Hospital), has amounted to approximately 35 million euros.
We have also made the HPC5 supercomputer available for research to support the scientific community in fighting the Covid-19 pandemic. In the field of communication, we have financed public information campaigns with the Italian Federation of general practitioners on the role of the family doctor as the primary point of contact in the fight against Covid-19, as well as a campaign to inform the elderly about services available for their daily needs when they were unable to leave their homes for an extended period.
In addition, we have made Doblò Cargo Enjoy available for the delivery of medical equipment donated by Eni to local health authorities and hospitals.
In the Versalis plant in Crescentino (near Vercelli), we have also started production of a new line of hand sanitiser, whose active ingredient is ethanol, obtained from raw vegetable material, to support the still widespread demand in Italy for this personal protective equipment.
Together we can make a difference
€35m
Eni’s financial commitment
600
ventilators donated
51.7
million billion
>€600 thousand
for the CRI through hours donated by Eni peop
2020 will be remembered for the global health crisis caused by Covid-19 and the impact it had on global economies, energy consumption and society as a whole. The deeper effects of this crisis will be even more evident, in particular, in non-OECD countries.
The Covid-19 pandemic touched the lives of all humanity, with far-reaching consequences for economic activity, the freedom of movement of people and the energy sector. The contraction in global oil demand was the highest on record, at around -9%. In the face of market discontinuity on this scale, Eni reacted quickly, demonstrating its ability to find the strength, resources and adaptability to overcome crises in difficult times. During the most acute phase of the downturn, we took decisive steps to strengthen the Company's financial resilience and capital stability by setting clear priorities for cash allocation. We revised our short- to medium-term plans by reducing our cost and investment outlays by €8 billion over the 2020-2021 period, and adapted our production growth profile accordingly.
Despite the major impact of the crisis on our cash income, which contracted significantly compared to forecasts at the beginning of the year, as a result of these actions we managed to generate an adjusted cash flow of €6.7 billion.
In the face of the crisis, we seized the moment to strengthen our climate commitment and our role in a just energy transition. Progressing with the change that began in 2014, we have reinforced the strategy that will allow Eni to achieve full carbon neutrality by 2050.
PRESS RELEASE - BOARD OF DIRECTOR'S COMMUNICATIONS - 06 JULY 2020 - Eni remains committed to its decarbonization strategy, revises long-term prices assumptions, having assessed the disruptions in the trading environment due to COVID-19
During the months of the Covid-19 health emergency, Eni never stopped. From those who ensured production plant continuity, to the thousands of staffengagedin smart working, to those who manned our offices, everyone played their part with a huge sense of responsibility. An internal task force worked every day to ensure the safety of people and workplaces and to provide constant and up-to-date information.
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. PERSON"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”
In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation").
The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein.
Confirmation of Understanding and Acceptance of Disclaimer
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I certify that:
I am not resident of, or located in, the United States, Australia, Canada, Japan or South Africa or any of the Other Countries or I am not a U.S. Person; or
If I am a resident of, or located in, the EEA, I am a Qualified Investor within the meaning of Article 2(e) of the Prospectus Regulation; or
If I am a resident of, or located in, the United Kingdom, I am a Qualified Investor and a relevant person.
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website.
WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
You must read the following information before continuing.
The information contained in this segment of the website is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in the United Kingdom, Canada, Australia, Japan or any other jurisdiction in which it is unlawful to do so. The information also is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in Italy who are not “qualified investors” (investitori qualificati), as defined in Article 2, letter e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) pursuant to Article 1, fourth paragraph, letter a) of the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018.
By clicking the button below labeled “I agree”, you are certifying that (A) if you are in the European Economic Area, you are a “Qualified Investor”; (B) you are not accessing this portion of the website from the United Kingdom, Australia, Canada or Japan; (C) if you are a resident or physically present in Italy, you are a qualified investor as defined under the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018; and (D) you are not located in a jurisdiction where it is unlawful to access this portion of the website.
You acknowledge that the information and statements contained in the document you are accessing on this website speak only as of the date of such document (or such other date(s) specified therein), and such information and statements may become inaccurate, stale and/or out-of-date thereafter and should not be relied upon for any investment decision.
You acknowledge that the materials on this website that you are accessing are confidential and intended only for you and you agree you will not forward, reproduce, copy, download or publish any of such materials (electronically or otherwise) to any other person if this is not in accordance with the law.
You acknowledge that the access to information and documents contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access this portion of the website. If you are not authorized to access the information and document contained on this portion of the website or you are not sure that you are permitted to view these materials, you should leave this portion of the website.
You acknowledge that no registration or approval has been obtained and Eni Gas e Luce S.p.A. società benefit and its affiliates assume no responsibility if there is a violation of applicable law and regulation by any person.
By clicking the button below labeled “I agree”, you are confirming that you have read and understood the disclaimer above.
If you cannot so confirm, you must exit this portion of the website