Company Profile
An energy company
Reliability and sustainability: watch the video that describes Eni's mission
Eni: an Italian company at work all over the world
We operate in 73 different countries around the globe, with roughly 33,000 men and women working for us. We are a multinational Oil & Gas company, considered one of the global supermajors, it has operations in 73 countries, with a market capitalisation of US$55 billion, as of June 30, 2017. Eni constantly ranks among the top 100 on Fortune Global 500 list for largest companies by revenue. In 2016, the company was listed in 65th place. Here is a preview of our main oil and gas exploration, production, refining and selling operations – the foundations on which our work is based – and the values that inspire our actions.
Eni and energy transition
In 2016 the Carbon Disclosure Project (CDP) ranked us top of the major oil and gas companies in the Climate A List. We are moving ever closer towards decarbonising the energy system. Natural gas represents a strategic repositioning opportunity for us, because it has a lower carbon intensity and can be combined with renewable sources for electricity production. In addition, we want to invest in the methane supply chain, so we can continue to reduce CO2 emissions.
Eni's transformation and its short- and long-term results
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?
What we did in 2016
Our continued evolution towards becoming an integrated energy company saw us grappling with the restructuring of the business, which has saved us €700m a year. We generated €5bn in the three-year period 2014-16 by restructuring the mid-downstream sector, and refined our upstream model to ensure we can continue to create value despite the collapse in the oil price and in European gas consumption.
Our results in 2016
In 2016 we continued our transformation, with excellent results, thanks to our commitment, pragmatism and skill.
