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We are one of the global oil and gas super-players – operating in 71 countries worldwide and employing around 33,000 people. As of March 31, 2018, the company's market capitalisation was calculated at $64 billion. Eni is consistently ranked among the top 150 companies on the Fortune Global 500 list according to revenue. Here is a preview of our main oil and gas exploration, production, refining and selling operations, electricity and chemistry – the foundations on which our work is based – and the values that inspire our actions.
Upstream refers to our onshore and offshore projects, from choosing oil exploration blocks and drilling wells through to our hydrocarbon production operations. Cutting-edge seismic surveying and subsoil analysis technology, as well as sophisticated tools and the expertise of our geologists and engineers, allow our oil fields to begin their productive life.
Midstream refers to activities associated with the transportation and storage of hydrocarbons; downstream includes oil refining and distribution. Eni's new strategy involves restructuring this sector to improve its efficiency and productivity. Biorefineries and green chemistry underpin Eni's green economy.
Our integrated approach means contributing to the development of the countries in which we work. Our firm belief, which dates back to the time of our founder Enrico Mattei, is that oil-producing countries should be self-sufficient in terms of their energy supplies. We build a relationship of trust with our partners and create sustainable, long-term value.
Eni stands for sustainability, innovation and environmental protection. These principles guide all our actions and provide us with a unique way of working. Our activities have always been focused on respecting human rights, compliance with safe and fair working standards, environmental protection and the fight against corruption.
Upstream refers to our onshore and offshore projects, from choosing oil exploration blocks and drilling wells through to our hydrocarbon production operations. Cutting-edge seismic surveying and subsoil analysis technology, as well as sophisticated tools and the expertise of our geologists and engineers, allow our oil fields to begin their productive life.
Midstream refers to activities associated with the transportation and storage of hydrocarbons; downstream includes oil refining and distribution. Eni's new strategy involves restructuring this sector to improve its efficiency and productivity. Biorefineries and green chemistry underpin Eni's green economy.
Our integrated approach means contributing to the development of the countries in which we work. Our firm belief, which dates back to the time of our founder Enrico Mattei, is that oil-producing countries should be self-sufficient in terms of their energy supplies. We build a relationship of trust with our partners and create sustainable, long-term value.
Eni stands for sustainability, innovation and environmental protection. These principles guide all our actions and provide us with a unique way of working. Our activities have always been focused on respecting human rights, compliance with safe and fair working standards, environmental protection and the fight against corruption.
In 2017, the Carbon Disclosure Project (CDP) recognised us as one of the leading oil and gas companies on the Climate A List. We are heading increasingly towards the decarbonization of the energy system. Natural gas represents an opportunity for us to strategically reposition ourselves, given its lower carbon intensity and the possibility of integrating it with renewable sources in the production of electricity. We want to invest in the methane supply chain in order to continue to reduce CO2 emissions.
The strategy launched in 2014, which is now producing significant results, is a necessary response to the complexity of the energy world. What are the pillars that support the new strategy?
Between 2014 and 2017, Eni completely overhauled its structure. Eni is now a fully integrated O&G company, focused on its core operations, targeting greater efficiency and higher cash generation in all businesses. In less than four years, Eni has been set to grow in a lower-price scenario, enhancing value for shareholders.
In 2017 we continued our transformation, with excellent results, thanks to our commitment, pragmatism and skill. Here are the main figures of the first nine months of 2017.
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