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    1. Home
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    3. #SetforGrowth strategy
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    • #SetforGrowth strategy
      • Our transformation from 2014
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    Strategy

    Strategy

    Value expansion in all business

    Our commitments and aims for the period to 2021

    Our commitments and aims for the period to 2021

    What we have achieved so far

    Over the past four years (2014-18) we have transformed the company, delivering on our strategy to strengthen Eni operationally and financially. We have enhanced our strategic upstream sector, both in terms of exploration and development, and made good progress in the turnaround.

    Becoming a fully integrated oil and gas company

    Eni is now a fully integrated oil and gas company, focused on its core operations, targeting greater efficiency and higher cash generation across all businesses.

    Enhancing Upstream

    Exploration is a key feature of our organic growth. Our integrated model allows us to work on multiple development stages simultaneously, thereby optimising both time and cost.

    Restructuring Mid-Downstream

    We have restructured all of our businesses and today they are making a positive contribution to the group's results and cash-flow generation. Gas & Power, Refining & Marketing and Versalis are all prepared for a new era of growth.

    Financial discipline

    Thanks to the actions we have taken and our structural efficiency programme, our strong balance sheet guarantees the sustainability of our remuneration policy in all price scenarios.

    See the infographic

    Eni strategy 2018-21: #SetforGrowth

    We are now entering a renewed phase of enhanced industrial expansion, driven by deeper business integration and a relentless focus on efficiency and capital discipline. Rigorous financial discipline and a strong commitment to digitalisation and decarbonization will unlock growth opportunities and generate greater value for shareholders. The 2018-21 plan represents the natural evolution of the strategy implemented in previous years and is designed to increase the value of all businesses.

      See the Targets

      Value expansion in all businesses

      Our new plan is characterised by the strong growth of all businesses, which is sustainable even in challenging scenarios, thanks to the robust actions we are taking.

      • Strategic Plan 2018-21 | Press Release
      • Strategic Plan 2018-2021 | Video on demand
      • Strategic Plan 2018-21 | Press Release
      • Strategic Plan 2018-2021 | Video on demand

      Enhancing business integration

      Organic growth, cost flexibility and fastest time-to-market continue to be the main pillars of Eni’s strategy. Our value creation begins Upstream with exploration, but development is no less important. We have strengthened our in-house engineering model with new skill sets to enable us to speed up the different phases of development while exercising greater control over their execution.

      • Our exploration model
      • Restructuring Mid-Downstream

      Decarbonization as a key driver of the new strategy

      Companies operating in the energy sector have to face challenges that have arisen from COP21, such as climate change and the gradual process of decarbonization. Our decarbonization policy concerns our prospecting for new energy sources as well as our mainstream business activities. It is based on these pillars:

      Reducing climate-altering emissions

      Targeting a reduction in Upstream GHG emissions of 43 per cent compared to 2014 through projects aimed at eliminating process flaring, reducing fugitive emissions of methane and greater energy-efficiency measures.

      Promoting the use of natural gas

      Natural gas comprises a mixture of gas hydrocarbons, dominated by methane. Of all fossil fuels, it has the lowest carbon impact. We aim to combine sound finances with social and environmental sustainability.

      Commitment to renewable energy, bio-refinery and green chemistry

      The development of green business through our growing commitment to renewable energy, the development of the second phase of the Venice bio-refinery, the start-up of the new Gela bio-refinery by the end of 2018 and the consolidation of our green chemistry techniques.

      Commitment to scientific and technological research activities

      Our commitment is further evidence of our vision for the future of energy. We are moving from a system based on fossil fuels to one focused on renewable sources – with natural gas, an energy source with a low carbon content, to bridge the gap.

      Discover the infographic

      We are in the crucial phase of our digitalisation process, with 150 projects across all business areas and over 150 managers involved, with the aim of achieving economic benefits in the medium and short term.

      Claudio Descalzi

      Digitalisation: taking energy into a new era

      We are counting on digital technology to drive future growth and create value. The results we have achieved in exploration and the reduction of time-to-market for projects are clear evidence of a great leap forward in our calculation and computing capacities. Not to mention the benefits of the Green Data Center, which has enabled us to greatly reduce our emissions. For Eni, new skills and technology are a strategic choice.

      • Strategy 2018-2021 | Digitalisation
      Digitalisation: taking energy into a new era
      • Strategy 2018-2021 | Digitalisation

      Financial strategy

      Eni will continue to focus on financial discipline combined with the sustainable growth of industrial projects in order to accelerate the generation of value for shareholders. The four-year investment plan, focused on high-value projects with rapid returns, envisages capital expenditure of less than €32 billion, of which more than 80 per cent will be in Upstream. Approximately €3.5 billion is expected to be invested in the R&M and Chemicals business, with an expected return rate of around 10 per cent. By 2021, more than 50 per cent of investments will be uncommitted, ensuring wide flexibility.

        Find out more on enipedia

        • 2016 results and 2017-2020 strategy
        • 2017-2020 Strategic Plan targets
        • Our strategic plan 2016-2019
        • 2015-2018 Strategy Presentation
        • 2013 Results and 2014-2017 Strategy
        eni

        We are an energy company.
        We are working to build a future where everyone can access energy resources efficiently and sustainably. Our work is based on passion and innovation, on our unique strengths and skills, on the quality of our people and in recognising that diversity across all aspects of our operations and organisation is something to be cherished. We believe in the value of long term partnerships with the countries and communities where we operate.

        Registered Head Office
        Piazzale Enrico Mattei, 1 00144 Rome, Italy

        Company Share Capital € 4.005.358.876,00 paid up

        Rome Company Register, Tax Identification Number 00484960588 VAT Number 00905811006

        Branches
        Via Emilia, 1
        and
        Piazza Ezio Vanoni, 1
        20097 San Donato Milanese, Milan, Italy

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