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.

Activities

  • Development

    Main start-ups are the Area 1 project (Eni operator with a 100% interest) in Mexico, the Merakes project (Eni operator with an 85% interest) in Indonesia, the gas development of the Offshore Cape Three Points license (Eni operator with a 44.44% interest) in Ghana, as well as phased start-up of the discoveries in the Great Nooros Area in Egypt and in the Block 15/06 (Eni's operator with a 36.84% interest) in Angola.

  • Distribution of Refined Products

    In 2017, retail sales of refined products (33.20 mmtonnes) were down by 0.21 mmtonnes or by 0.6% from 2016, mainly due to the decrease of wholesale sales in Italy and the asset disposals in Hungary and Slovenia in the second half of 2016.

  • Exploration

    In 2017, exploration expenditure amounted to €442 million, and mainly concerned Cyprus, Norway, Mexico, Egypt, Libya and Ivory Coast as well as related to the completion of the 25 new exploratory wells (15.9 net to Eni). In addition, 78 exploratory drilled wells are in progress at year-end (41.2 net to Eni). In 2017 additions to the Company's reserve backlog were 1 billion boe of new resources, of which 800 million boe from in-house exploration with a discovery cost of approximately $1 per barrel. From 2014, we discovered over 4 billion boe, approximately double of equity production in the same period.

  • Gas Supply

    In 2017, Eni’s consolidated subsidiaries supplied 78.28 bcm of natural gas, down by 4.36 bcm or by 5.3% from 2016. Gas volumes supplied outside Italy from consolidated subsidiaries (73.23 bcm), imported in Italy or sold outside Italy, represented approximately 94% of total supplies, down by 3.41 bcm or by 4.4% from 2016. This reflected lower volumes purchased in the Netherlands (down by 4.40 bcm) following a contractual termination, in Qatar (down by 0.92 bcm) and in Norway (down by 0.70 bcm) partially offset by higher purchases in the United Kingdom (up by 0.28 bcm) and in Algeria (up by 0.28 bcm).

  • Gas sales

    In 2017 characterized by a raising competitive pressure and a slight recovery in demand, natural gas sales amounted to 80.83 bcm (including Eni’s own consumption and Eni’s share of sales made by equity-accounted entities), down by 5.48 bcm or 6.3% from the previous year.

  • Power Generation

    Eni’s power generation sites are located in Ferrera Erbognone, Ravenna, Mantova, Brindisi, Ferrara and Bolgiano. As of December 31, 2017, installed operational capacity of Enipower’s power plants was 4.7 GW (unchanged from December 31, 2016). In 2017, power generation was 22.42 TWh, up by 0.64 TWh or by 2.9% from 2016. Electricity trading (12.91 TWh) reported a decrease of 15.5% thanks to the optimization of inflows and outflows of power.

  • Power sales

    In 2017, power sales of 35.33 TWh declined by 4.6% from the full year of 2016 and were directed to the free market (75%), the Italian power exchange (15%), industrial sites (8%) and other (2%).

  • Production

    In 2017, oil and natural gas production averaged a record level of 1,816 kboe/d, up by 3.2%. This performance was driven by new project start-ups and the ramp-ups at fields started up in 2016, mainly in Angola, Egypt, Ghana, Indonesia and Kazakhstan as well as by restarting production at certain Libyan fields thanks to better safety conditions. These positive results were partly offset by OPEC production cuts, negative price effects at PSAs contracts and lower production as a result of planned and unplanned shutdowns in Norway, the United Kingdom and the Gulf of Mexico, as well as declines from mature fields. When excluding price effects at PSAs contracts and OPEC cuts (overall 35 kboe/d), hydrocarbons production increased by 5.3%. The share of oil and natural gas produced outside Italy was 93% (92% in 2016).

  • Refining

    In 2017, Eni’s refining throughputs in Europe were 24.02 mmtonnes, decreased by 2% from 2016 due to the downtime of some plants at Sannazzaro refinery and the shutdown at the Taranto refinery, partly offset by a better performance of Milazzo and Livorno refineries. In Italy, the decreasing of refinery throughputs (down by 2.1%) was caused by the same drivers above mentioned. The volumes of biofuels produced from vegetable oil at the Venice green refinery increased by 14.3% from the corresponding period of 2016.

  • Trading

    Through Eni Trading & Shipping (ETS), Eni is involved in the international marketing of crude oil and petroleum products, and the shipping and trading of all Eni commodities. ETS operates as Eni’s single interface on the international markets for crude oil, gas, power, CO₂ and petroleum products derived from oil refining, but also to the related shipping markets, ensuring a comprehensive and integrated approach that is reinforced by relationships and Eni’s extensive portfolio of assets. The company also develops advanced risk management solutions.

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.

Eni history

The history of Eni and its companies is a long one, and is closely related to the development of Italy. Take a journey back in time, through pictures and videos on the EniHistory web site to find our about our past.

Visit the website

Eni in numbers

2015(*) 2016 2017
Production of oil and gas (Mboe/d) 1.8 1.8 1.8
Eni adj. Operating profit (€ billion) 4.5 2.3 5.8
Eni adj. Net profit (€ billion) 0.8 -0.3 2.4
Capital expenditure (€ billion) 10.7 9.2 7.6
Net cash flow from operations (€ billion) 12.2 7.7 10.0
Net debt (€ billion) 16.9 14.8 10.9
Leverage (ratio) 0.29 0.28 0.23

(¹) net of Saipem

Source: Fact Sheet

Stories of the earth born of the sea

Stories of the earth born of the sea The 2016 Eni Award is given to Emiliano Mutti for his research into deep-sea sedimentation. Currents at sea help understand the earth and climate The sands carried

20 October 2016 eni.com Section: Innovation

Eni in the world

Back to globe We were born in Italy, but we have our head in the world: we operate in 66 countries and every day we create value. Eni men and women have a passion for challenges, continuous improvement, [...] people, the environment and integrity. We were born in Italy, but we ...

eni.com

Eni after 6

Eni after 6 Debating the world after work Eni after 6 is our flagship event in Brussels. Born in 2015, it brings together policy and opinion makers, corporate leaders and NGOs to debate the hot topics [...] by Sonja van Renssen. For further information, please contact eniafter6@eni.com Previous editions ...

29 May 2018 eni.com Section: media

Photographs from Eni’s Historical Archive

historic photo archive of Eni was born in February of 2005: what are the assets that make it up and the contents. Documents from Eni's Historical Archive The books and e-books produced by Eni: authentic documents [...] history of Eni and many of its companies. This page provides a brief ...

12 May 2016 eni.com Section: enipedia

Ordinary Shareholders' Meeting May 27, 2005

Directors to dispose: - up to 7,043,400 Eni treasury shares as follows: - up to 1,600,000 Eni treasury shares to implement the stock grant Plan 2003-2005; - up to 5,443,400 Eni treasury shares, to implement the [...] documentation for the AGM downloadable in pdf Resolutions Eni S.p ...

30 May 2005 eni.com Section: enipedia

Contributors to the “Gatto Selvatico”, Eni’s in-house magazine

historic photo archive of Eni was born in February of 2005: what are the assets that make it up and the contents. Documents from Eni's Historical Archive The books and e-books produced by Eni: authentic documents

12 May 2016 eni.com Section: enipedia

Documents from Eni’s Historical Archive

the men and women of Eni" , 2012: including stories of the corporate life of the employees who participated in the competition, "Narrated Memory", organised by the Association of Eni Pioneers and Veterans. [...] Veterans. Read also Photographs from Eni's Historical Archive The historic photo archive of Eni was born in ...

12 May 2016 eni.com Section: enipedia

Enrico Mattei: biography

the life of Enrico Mattei - born into a family of modest means, but who would go on to become chairman of Eni. Childhood and the quest for independence Enrico Mattei was born on 29 April 1906 in Acqualagna, [...] political parties to support him in realizing his dream. Success came in ...

12 May 2016 eni.com Section: company

Safety culture

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12 May 2016 eni.com Section: Sustainability

The assets of Eni’s Historical Archive

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12 May 2016 eni.com Section: enipedia

Andrea Gemma

Ministry of the Economy and Finance Independent non-executive director. He was born in Rome in 1973 and has been Director of Eni since May 2014. He is Professor of Private Law at The Third University of Rome

12 July 2018 eni.com Section: company

Andrea Parolini

Ministry of Economy and Finance Standing Statutory Auditor He was born in Lecco in 1967 and he has been standing Statutory Auditor of Eni since April 2017. He is a certified chartered accountant and certified [...] dell'EU Tax Law Group. He is currently standing Statutory Auditor of Ing. Luigi Conti ...

28 March 2018 eni.com Section: company

Emma Marcegaglia

Emma Marcegaglia Chairman of the Board She was born in Mantua in 1965 and has been Chairman of Eni since May 2014. She has been Chairman of the Fondazione Eni Enrico Mattei since November 2014. She is also

6 July 2018 eni.com Section: company

Fabrizio Pagani

submitted by the Ministry of the Economy and Finance Non-executive Director. He was born in Pisa in 1967 and has been a Director in Eni since May 2014. He is Global Head of Economics and Capital Market Strategy

12 May 2016 eni.com Section: company

Karina A. Litvack

foreign Institutional Investors Independent Non-executive Director. She was born in Montreal in 1962 and she has been a Director in Eni since May 2014. She is currently a member of the Global Advisory Council

11 December 2017 eni.com Section: company

Diva Moriani

of candidates submitted by the Ministry of the Economy and Finance She was born in Arezzo in 1968 and has been a Director in Eni since May 2014. She is currently Executive Vice Chairman of Intek Group SpA,

12 May 2016 eni.com Section: company

Marco Petracchini

He was born in Rome in 1964, and is Senior Executive Vice President of Internal Audit in Eni. He is also a member of the Supervisory Board and Secretary of the Committee for Control and Risk of Eni SpA. [...] Esso Italiana holding various positions in the IT, Finance and Audit ...

12 February 2018 eni.com Section: company

Marco Seracini

Auditors of Ing. Luigi Conti Vecchi SpA - Eni Group, and LNG Shipping SpA -Eni Group. Statutory auditor in Trans Tunisian Pipeline Company SpA - Eni Group, Eni Fuel SpA - Eni Group, Immobiliare Novoli SpA, Sandonato [...] presented by the Ministry of Economy and Finance Statutory auditor. He was born in Florence in ...

28 March 2018 eni.com Section: company

Pietro Guindani

and foreign Institutional Investors Independent non-executive Director. He was born in Milan in 1958 and has been Director of Eni since May 2014. Since July 2008 he has been Chairman of the Board of Directors

12 May 2016 eni.com Section: company

Roberto Ulissi

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12 May 2016 eni.com Section: company