The company’s four-year investment plan is focused on high value projects with quick returns and the development of conventional projects.

Capital expenditure

2015 2016 2017
Exploration & Production (€ million) 9,980 8,254 7,739
Gas & Power (€ million) 154 120 142
Refining & Marketing and Chemicals (€ million) 628 664 729
Corporate and financial companies (€ million) 64 55 87
Impact of unrealized intragroup profit elimination (€ million) -85 87 -16
Capital expenditure - continuing operations (€ million) 10,741 9,180 8,681
Capital expenditure - discontinued operations (€ million) 561 - -
Capital expenditure (€ million) 11,302 9,180 8,681

Source: Integrated Annual Report 2017

Technological innovation

2015 2016 2017
R&D expenditure(¹) (€ million) 176 161 185
First patent filing applications (number) 33 40 27
- of which filed on renewable sources (number) 16 12 11

(¹) Net of general and administrative costs

Source: Integrated Annual Report 2017

Eni Award

out more Research Research is the basis of our competitiveness which is why we invest in technology. The meaning of the Eni Award is looking to the future. Claudio Descalzi [...] Changes ahead with the 10th award Energy scenarios change, the landscape evolves, new talents emerge. The Eni Award will celebrate ...

20 October 2016 Section: media

Eni Corporate University

Contacts Eni Corporate University Eni Corporate University is dedicated to the development of technical and managerial knowledge and development and promotion of Eni's corporate identity and employer brand. [...] training has played a key role at Eni. The company's founder had great confidence that people could make a contribution ...

1 August 2017 Section: careers

Being part of Eni

balanced generational change. People who become part of the Eni team are given the opportunity to: accelerate their professional growth : when joining Eni, everyone has the opportunity to access training of the [...] respect for the environment to the promotion of the wellbeing of the communities where we operate. Eni in ...

27 July 2017 Section: careers

Versalis: industrial chemical company in Eni

portfolio with higher added-value products. In completing the transformation process, we will continue to invest both in the development of a product portfolio offering greater added value and in international

26 April 2018 Section: operations

Upstream Italy

in production Ravenna: towards a low-carbon future with Italian gas Eni has been conducting Upstream activities in Ravenna since 1952 , the year the first gas discovery was made. This long tradition has [...] represents Eni's industrial history in Sicily. The Upstream activities conducted here are carried out by Eni Mediterranea ...

9 May 2018 Section: operations

What it means to work at Eni

Home Being part of eni With 29,000 employees in 66 countries, working at Eni is a unique experience for each one of our colleagues. But our passion for delivering excellence, our ability to innovate and [...] excellence and continuous innovation. The best way to achieve this success is to invest ...

12 May 2016

The business integration strategy in Eni

in the world and the first ever in the Barents Sea. The strength of our core business enables us to invest in the energy of tomorrow by integrating natural gas in the transition to renewables and developing

20 July 2016 Section: operations

Our strategy in Italy

safety, for a total exceeding 6,000 patents. In the context of the new plan we will invest over 750 million. Our skills We invest in the future To ensure long-term sustainability, we promote scientific and technological [...] billion spent in research and development from 2009 to 2017 6,000 Eni ...

18 April 2018 Section: media

Performance and investments

model. How we achieve our results We are prepared to face difficult conditions, we have chosen to invest in technologies and we foster our people and know-how. Results achieved by restructuring and investing [...] our company so we can cope with even the most unfavourable market conditions. Our policy has been ...

27 April 2018 Section: operations

Versalis, chemistry to evolve

We have now completed the restructuring process, and our new layout will make us competitive globally, taking us back to the top league. Daniele Ferrari, CEO Versalis Main projects Porto Marghera Th

24 January 2017 Section: operations

Training and Guidance

Eni Corporate University We profoundly believe in the value of education. This is why we invest in a structure that integrates tradition (Scuola Mattei) and innovation (distance learning platforms and

1 January 2016 Section: careers

Sport for all

The Eni stand brings together the stories of extraordinary protagonists, emotions and dreams that become reality. A world to be discovered, experienced and a dimension in which to invest with the certainty [...] certainty that sport is indivisible and cannot accept differences. European paralympic athletics Eni was the Gold Partner of ...

2 September 2016 Section: media

A voyage to undertake together

the environment and integrity are fundamental values for us wherever we go. Further analysis Eni for 2016 Eni promotes a broad portfolio of initiatives for local communities in those Countries in which [...] creation of value. Health and safety We focus on safeguarding the health and safety of our people. We ...

29 September 2016 Section: media

Eni’s environmental management system: approach and strategies

participation. The safety and health of people at Eni, the community and our partners, and the protection of the environment, are key priorities for Eni in the conduct of its business. from the "Operational [...] advanced technologies and technical standards in the area of health, safety and the environment. We invest ...

12 May 2016 Section: Sustainability

Our strategy for renewables: the "Progetto Italia" - Project Italy

renewable sources on industrial areas available for use and of little interest for economic activities. We invest in the country where we were born We are building plants designed with innovative technologies to [...] tonnes. As with the conversion of the downstream sites into green businesses, with these initiatives, Eni once ...

12 April 2018

Company profile

for a low-carbon future The continuous creation of value Between 2014 and 2017, Eni completely overhauled its structure. Eni is now a fully integrated O&G company, focused on its core operations, targeting [...] relationship of trust with our partners and create sustainable, long-term value. The values that inspire us Eni ...

12 May 2016 Section: company

Caring for Australia: sustainability projects

that is different to the majority of non-Aboriginals. It is not a commodity to be bought and sold. Eni has worked to develop an understanding of the indigenous people's cultural ties to their sacred land [...] development. The establishment of Aboriginal ranger groups has been a central part of the ...

13 September 2017 Section: media

Eni’s operations: mission, challenges and exploratory successes

production A record breaking field - Nooros #NessunDorma - Zohr | Podcast Interview with Giorgio De Rita - Eni Basilicata (in Italian only) Exploration successes Thanks to our innovative dual exploration model [...] conditions did not stop us from achieving the maximum yield. MID-DOWNSTREAM Leaders of a revolution We invest in electricity and gas as ...

10 August 2017 Section: operations

Eni’s commitment to renewables

in 2014, 0.2 million tonnes of biomass was processed for biofuel production. This is where Eni manufactures Eni Diesel + (launched on the Italian market in 2016) which, with a 15% renewable component, maintains [...] Claudio Descalzi The development of renewables The development of renewable energy in the countries where Eni ...

12 May 2016 Section: Sustainability

Eni Peers

Contacts Eni Peers How Eni compares with the principal companies operating in the same sector: Exxon, Shell, Chevron, Total, BP, Conocophillips, Statoil, Anadarko, Apache e Marathon Oil. Comparison with [...] shares). The graph below compares Eni with its peers in terms of free cash flow yield - the ratio between net cash ...

27 July 2017 Section: investors