The strategic transformation outlined in the plan will create a much more robust Eni, able to face a period of low oil prices while continuing to create sustainable value.

Business lines

  • Exploration & Production

    E&P is our main business. It is currently present in over 40 countries and is focused on finding and producing oil and gas. Eni’s strategy is to deliver organic production growth, leveraging on a highquality portfolio of assets and longstanding relationships with host countries. Our strategy combines geographical diversification with scale benefits and project synergies.


  • Gas & Power

    G&P is engaged in all phases of the gas value chain: supply, trading and marketing of gas and electricity, gas infrastructures, and LNG supply and marketing. Eni sells more than 60% of its gas outside Italy and its leading position in the European gas market is supported by competitive advantages, including its multicountry approach, longterm gas availability, access to infrastructure, market knowledge, wide product range and strong customer base.

  • Refining & Marketing and Chemicals

    R&M refines and markets fuels and other oil products primarily in Italy. Our R&M division is relatively small compared to the R&M segment of our peers. Eni is the largest refiner in Italy and the leading operator in retail marketing of fuels with a market share of around 25%. Eni’s strategy in R&M is to cut capacity and costs and enhance margins to return to profitability.

R&M - 2017 highlights

  • adj operating profit (€ millions) 991
  • capex (€ billions) 0.7
  • throughput (Mtonnes/year) 24

E&P - 2017 highlight

  • adj operating profit (€ millions) 5.2
  • capex (€ billions) 7.7
  • production (Mboe/d) 1.82
  • proved reserves with a life index of 11,6 y (bln boe) 7
  • organic reserve replacement ratio (%) 103

G&P - 2017 highlights

  • adj operating profit (€ millions) 214
  • capex (€ billions) 0.1
  • gas sold worldwide (bcm) 81
  • electricity sold (TWh) 35

2018 Business Outlook

Management’s expectations for our business performance in 2018 are provided below.

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Our mission

Our model for sustainable development.

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Eni's strategy

Our commitment and aims for the period to 2021

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From Enivideochannel

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#SetforGrowth 2018-2021 Strategy - Eni's plan | Eni Video Channel

Eni's 2018-2021 plan: value expansion in all business. 2018-2021 Strategy.

Eni financial highlights and key performance Indicators

The key financial, economic and operational figures on continuing operations. Economic, financial and operational performance over the past three years Over the past three years, we have made significant [...] both growth and the creation of value. This process of radical change, begun in 2014, has enabled ENI to transform its ...

3 May 2017 eni.com Section: investors

Development of green investments

expected in 2018-2021, with an investment in profitable projects of around 1.2 billion and a potential installed capacity of around 1 GW by 2021 (doubling the investments compared to the previous 2017-2020 [...] Green chemistry To support the traditional chemical business, Eni has developed the green chemistry business. Through its ...

6 July 2018 eni.com Section: Sustainability

Performance and investments

In 2017, our overall spending on R&D in the Exploration & Production sector was 83 million. The investment planned for our green businesses in the period 2018-21 is more than 1.8 billion, including expenditure [...] scenarios. Mid-Downstream restructuring All our Mid-Downstream sectors are now able to finance their own investments ...

27 April 2018 eni.com Section: operations

Our answers to Amnesty International - Key finding 4 - Request for information

technology for prompt pipeline repair Local Development and Sustainability by promoting community investment projects, local content, stakeholders' engagement. Environmental Conservation: Awareness Campaign

16 March 2018 eni.com Section: media

Eni's upstream model: the key to business development

Eni's upstream model: the key to business development Eni's upstream model: the key to business development Overview In detail: the date of the event and a list of speakers the presentation viewable [...] Production Documents eni's upstream model - the key to business development pdf 3 MB Conference call ...

14 March 2013 eni.com Section: enipedia

Eni's investments in the Exploration & Production segment

approximately 5% from 2016. Successes and investments In 2016 we achieved numerous goals including investing in development, exploration and production. Capital investment Capital expenditure Capital expenditure [...] News Exploration and production: performance and investments during the year Among the results achieved in 2016: the trend of GHG emission index compared to ...

4 May 2017 eni.com Section: operations

OGCI: the energy of collaboration

sustainable future. The environment: a sound investment On 4 November 2016, the OGCI Climate Investments scheme was announced in London: over the next decade, Eni and the other companies involved will finance [...] announces $1 billion investment to accelerate development and deployment of innovative low emissions technologies Towards a sustainable future ...

27 October 2017 eni.com Section: Sustainability

Gas and power: performance and investments during the year

performance and investments during the year The sector saw an increase in gas sales, increased investment and the development of power stations. Our results 2016 saw a rise in gas sales and investment as well [...] These effects were partly offset by optimization actions and better performance in trading activities. Eni ...

12 May 2016 eni.com Section: operations

Climate change and new forms of energy

activity. A billion dollars to fight climate change The Oil and Gas Climate Initiative (OGCI) investment, which included Eni as well as ten others, will be allocated in the next ten years to initiatives and projects [...] Our governance on climate We are one of the key players in the energy ...

12 May 2016 eni.com Section: Sustainability

The path to decarbonization

opportunities for growth and continue to strengthen Eni both operationally and financially. Increasing sustainability through projects and investments As part of the 2018-21 plan, we are investing 1.2 billion [...] other architectural structures. The development of renewable energy in the countries where Eni operates is a key strategy. We have ...

18 July 2018 eni.com Section: operations

Community development projects

around the world, in which Eni has conducted community development projects areas in which Eni is active (health, education, socio-economic empowerment) data on community investments in the last three years [...] issues of the exploitation of women in society, access to power and resources. Community investment Community Investments by sector ( thousands ...

12 May 2016 eni.com Section: enipedia

Our answers to Amnesty International - Key finding 3 - Unreliable or misleading information

data recording. The fact that the JIV reports are publicly available, makes it possible to compare key data agreed on the field, and those reported by the company. At the end of the Joint Investigation [...] report. Moreover, the digital copy of the JIV report is available on the NAOC sustainability ...

16 March 2018 eni.com Section: media

Our answers to Amnesty International - Key finding 2 - Failure to take prompt steps to prevent pollution

manage oil spill emergencies, the NAOC JV developed an Oil Spill Contingency Plan, in compliance with Eni standards and international guidelines (IPIECA). The Plan defines and governs the process to handle [...] cause of the spill. Booms are the most effective means to reduce the spread of the oil spill impacts ...

16 March 2018 eni.com Section: media

Eni’s activities on flaring

down project in the Congo. Over the next four years, thanks to new investments in addition to the more than $2 billion invested since 2007, Eni foresees a further reduction of 25% of the daily volume of gas [...] flaring in the period 2007-2015. Particularly worth the investment of an additional ...

2 February 2017 eni.com Section: enipedia

Decarbonisation

Release | Eni: first meeting of the Advisory Board Strategies and recognition for decarbonization As part of the Oil & Gas Climate Initiative (OGCI), we are contributors to the billion-dollar investment programme [...] are pursuing a clear strategy that is integral to our business model. Our decarbonization plan As a key player in ...

26 April 2018 eni.com Section: operations

Investor Day 2016

09/30/2016 When the OGCI announces a billion-dollar investment programme to finance projects, initiatives and technological solutions to reduce emissions, Eni is first in line. 11/04/2016 The Investor Day in [...] value." 03/13/2015 One year on, we are back in London. Long-term growth, transformation and evolution ...

12 February 2018 eni.com Section: media

Refining and marketing: performance and investments

News Refining and marketing: performance and investments The improvement in results is due to better refining margins as well as efficiencies and optimisation of the refineries structure. Successes and

3 May 2017 eni.com Section: operations

Decarbonisation

Release | Eni: first meeting of the Advisory Board Strategies and recognition for decarbonisation As part of the Oil & Gas Climate Initiative (OGCI), we are contributors to the billion-dollar investment programme [...] are pursuing a clear strategy that is integral to our business model. Our decarbonisation plan As a key player in ...

26 April 2018 eni.com Section: operations

Our answers to Amnesty International - Key finding 1 - Failure to take all reasonable measures to prevent spills

Contacts Spill prevention and pipeline protection NAOC, as operator of the NAOC JV, complies with Company Standards, national legislation and applicable international standards in all its operations a

16 March 2018 eni.com Section: media

Exploration in 2016

industry (50% for Eni). At the end of the year there were 79 wells in progress (40 for Eni). Exploration wells and proven hydrocarbon reserves In 2011, 16 new exploration wells (10.2 for Eni) were completed, [...] Exploration activities: key facts in 2016 Two agreements have been signed for the ...

10 August 2017 eni.com Section: enipedia