What happened in 2023: technologies, agreements, discoveries

Another year of outstanding results

In 2023, Eni significantly advanced its strategic vision, achieving strong results and furthering its transition strategy amidst market volatility. The company prioritized agility and decarbonization, adopting the satellite model to balance investment and returns, thereby establishing itself as a leader in energy transformation and sustainability. Delivering gas as a critical transition energy source and advancing low carbon projects is one aspect of the transition plan as the company materially grows its presence in the new energies. The year also saw rapid progress in upstream projects, including the completion on time and on budget of the two flagship low-carbon projects of Baleine in Cote d’Ivoire and Congo LNG, and the significant Geng North gas discovery in Indonesia. At the same time, Eni completed strategic moves in the biorefining and biochemical sectors respectively with the acquisition of Chalmette biorefinery and Novamont. Furthermore, Eni's growth in renewable energy was marked by launching significant offshore wind projects, expanding solar ventures, and forming pivotal partnerships, highlighted by a significant deal with Energy Infrastructure Partners acquiring a stake in Plenitude. This reflected Plenitude's enterprise value and contributed to Eni's financial strength. In CCS, Eni reached an agreement with the UK Government on Hynet CCS and underlined its key position in Europe's CO2 management, emphasizing its commitment to crucial future business areas.

2024 Capital Markets Update

On March 14, Eni presented the Capital Markets Update 2024, video on demand is available.

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