We do energy and we do it with competence and passion.
Energy is our business
Our strength is to do what we do best – and our strategy is to keep improving how we do it. We deal with energy in all its forms; we look for it, produce it and distribute it, and we are committed to doing all of it with competence and passion. Our roots are in Italy, but we work all over the world, starting with the 66 countries with which we co-operate. Producing, transporting and distributing energy is a collaborative effort and we have always been committed to the development of the communities in which we operate.
Reliability and safety
In 2015 we maintained a level of production growth of 9 per cent, despite having reduced investments by 17 per cent in response to lower oil prices. In the first nine months of the year, we discovered 1.2 billion boe – more than double the objectives stated to the market. In the first three months we launched five large start-ups, with an industry-leading time to market. In refining and marketing, and in chemicals, we have achieved a positive cash flow two years ahead of our target. In gas and power retail we now have 10m customers, 2.5m of which are outside Italy.
In the same year, we reduced accidents at work by 37 per cent.