Eni S.p.A.

Eni S.p.A. is an Italian multinational oil and gas company, established in 1953. It has significant interests around the world, including the Middle East, developing countries, North and Sub-Saharan Africa, Australia and the United States. The company primarily engages in the exploration, development and production of crude oil and natural gas. Its portfolio includes oil and gas, gas & LNG, refining & marketing, chemicals, power and other corporate activities. Its oil and gas segment is focused on research, development and production of oil and natural gas as well as its forestry conservation and CO2 capture & storage projects.

In 2021, Eni S.p.A. reported net profit of $2.6 billion on revenues of $86.6 billion, demonstrating its strong financial performance. Eni S.p.A. has a market capitalization of approximately $37.9 billion, and its shares are listed on the Milan Stock Exchange. The company has a major presence in the global oil and gas industry, with net proved reserves of 6.628 million barrels of oil equivalent by the end of 2021. In 2021, the company reported total operational hydrocarbon production of 1.8 million barrels of oil equivalent per day, while its average daily equity production reached 1.51 million boe/day.

In 2021, ENI S.p.A. reported a considerable increase in the delivery and use of natural gas and electricity due to the increased demand, which increased their total electricity capacity and natural gas throughput by 10.6% and 8.2% respectively. Additionally, the company has also been focusing on selling electricity produced by thermoelectric and renewable plants via its retail sales of electricity and gas. By the end of 2021, Eni S.p.A. had an installed operational capacity of 4.5 GW in the electricity retail business.

The company is pursuing a strategy of creating value for its shareholders and stakeholders by investing in high-potential activities and projects and focusing on gas, power and renewables, with an increasing emphasis on the circular economy and digitalization. Its strategy also involves reducing emissions, developing enhanced oil recovery (EOR) activities and creating an integrated network of hydrogen activities. ENI S.p.A is committed to pursuing sustainable growth and delivering consistent, long-term value to its stakeholders.