Eni S.p.A.
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in mil. unless spec.Company Description
- CEO
- Claudio Descalzi
- Full Time Employees
- 32,349
- Sector
- Energy minerals
- Industry
- Oil refining/Marketing
- Address
- Piazzale Enrico Mattei 1 Rome RM Italy 00144
- IPO Date
- Nov 28, 1995
- Website
- eni.com
- Similar Companies
- Business
- Eni S.p.A. operates as an integrated energy company focused on the exploration, development, production, refining, and marketing of oil, natural gas, and related products, alongside advancing renewable energy, biofuels, and low-carbon technologies. Founded in 1953 and headquartered in Rome, Italy, the company conducts operations across approximately 64 countries, including key regions in Europe, Africa, Asia, the Americas, and the Middle East; it structures its activities through segments such as Exploration & Production, Global Gas & LNG Portfolio, Enilive for refining and chemicals including biofuels and biomethane, Plenitude for retail gas, electricity, renewables, and EV charging, and other units encompassing chemicals via Versalis and corporate functions. Core offerings include crude oil and natural gas exploration and production targeting around 1.66 million barrels of oil equivalent per day, wholesale natural gas supply and LNG trading with ambitions to reach 30 million tons per year by 2030, refined petroleum products like gasoline, diesel, jet fuel, lubricants, and bitumens, biofuels from proprietary biorefineries with over five million tonnes annual capacity targeted by 2030, renewable power generation exceeding four gigawatts installed by late 2024 through Plenitude's wind and solar assets, smart mobility services including EV charging networks, petrochemicals and plastics recycling via Novamont technologies, and emerging carbon capture and storage solutions aiming for over 15 million tonnes per annum pre-2030. Recent strategic developments feature the 2024-2027 plan emphasizing value maximization from traditional assets alongside energy transition acceleration, including the launch of a dedicated CCS satellite company in 2025; a proposed nearly 50% stake sale in its CCS business to Global Infrastructure Partners for around $1.2 billion; a $1 billion-plus power purchase agreement with Commonwealth Fusion Systems in 2025 to advance fusion energy industrialization; significant investments such as $10 billion in Indonesia's East Kalimantan offshore gas and over $8 billion in Algeria for gas production growth; farm-out deals and joint ventures like with Petronas for Southeast Asian gas resources; sales of minority stakes including 25% in Enilive to KKR and interests in Plenitude to EIP and Ares Management to fund expansion; and ongoing portfolio rationalization through exploration successes and tail asset divestments. Plenitude targets 15 gigawatts of installed capacity by 2030 while Enilive scales biorefining beyond three million tonnes per annum by 2026, supporting Eni's broader commitment to carbon neutrality by 2050 via diversified energy products blending fossil fuels, gas as a transition fuel, and innovative decarbonization levers.
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