In detail:
  • an overview of the results for the first half of 2017, closed with an adjusted net profit of 1.2 billion euros and an adjusted operating profit of 2.9 billion euros
  • the results of the second quarter and of the semester by sector of activity
  • the press release for the second quarter and the first half of 2017
  • the presentation of the results for the first half of 2017 in .pdf format
  • the audio on demand webcast of the results of the second quarter of 2017

Exploration & Production

With new resources capable of yielding 500 million boe/d and 200,000 boe/d of new production, in the first half of the year the trend set in earlier months has continued, reaching a growth rate of over 6 per cent. These results have been achieved while maintaining an efficient cost structure, which will enable us to reduce our capital expenditure (CAPEX) by 18 per cent compared with 2016. The East Hub (Angola), OCTP (Ghana) and Jangkrik (Indonesia) projects came on stream ahead of schedule

  • The first of these boasts one of the best time-to-market results in the sector: production in the Cabaça South East field began after just three years – five months ahead of schedule.
  • The second project involved both oil and gas development: production started after just over two years, giving local populations access to energy.
  • The third, with a time-to-market of only three-and-a-half years, confirms the validity of our “near-field exploration” strategy.
One of the strengths of our new exploration model, the FPU will operate as a hub, not only for fields in the Jangkrik Complex, but also for the new Merakes discovery. By the end of the year, the Zohr field is also scheduled to come on stream – an example of the success of our dual-exploration model – and we shall be fine-tuning our development plan for the Mexican offshore area. This is a major new area of exploration for Eni, with two wells drilled in the Amoco field. Thanks to the start-up of these new projects (in Angola, Ghana and Indonesia) and the ramp-up of those initiated in 2016 (in Kazakhstan, Egypt and Norway), Eni is keeping to its production target of 1.84 million boe/d.

Refining & Marketing

Risultati eccellenti nel settore della Chimica, con 310 milioni di euro di utile nel semestre. La ristrutturazione che ha interessato il settore Mid-downstream lo ha reso in grado di autofinanziarsi. La chimica in particolare nel 2015 e nel 2016 ha registrato le performance migliori di sempre. Performance positive anche per la raffinazione, con un utile di 231 milioni di euro nel semestre.

Gas & Power

Achieving more than triple the result recorded for the same period last year, Eni posted an adjusted operating profit of €192 million in the gas and power sector. Net of one-off effects, this is an increase of €184 million on the first half of 2016, confirming a huge improvement in the performance of the business. Having sold our retail interest in Belgium, our objective now is to maintain our market share in both midstream and retail operations, making the most of our customer base by developing innovative, integrated commercial services.
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