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press release
Finance, strategy and reporting

Eni: third quarter and nine months of 2014 results

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30 October 2014 - 7:49 AM CET
press release
Finance, strategy and reporting | Global gas & LNG | Refining and bio-refining | Natural resources

Eni 2014-2017 Strategic Plan

Growing cash generation underpins shareholder returnsE&P: leveraging on exploration success to deliver profitable growth~3% production CAGR 2014-2017, rising to ~4% 2017-2023 G&P: renegotiation of supply costs and increasing focus on premium segments 100% of supply cost aligned to market by 2016R&M:  cutting refining capacity in line with new market conditionsAdditional cuts in Italian refining capacity by 2017Financial targets: Operating cashflow generation: 55% increase by 2016-2017 Value-creation from disposals: ~€9bn Capex cut: 5% reduction in investments vs. previous planProgressive shareholder distribution policy: distribution proposal for 2014 at € 1.12 per share [+1.8%]

13 February 2014 - 3:00 PM CET
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