Company Overview

Eni S.p.A. is an integrated energy company headquartered in Italy, operating across the oil and gas, energy transition, renewable power, and energy services industries. The company’s core activities span the entire energy value chain, including hydrocarbon exploration and production, natural gas supply, liquefied natural gas (LNG), refining, chemicals, power generation, and the marketing of energy products to industrial, commercial, and retail customers. Eni is publicly listed and remains partially owned by the Italian government, which is a significant shareholder.

The company’s primary revenue drivers historically have been upstream oil and gas production and gas marketing, while downstream and transition-focused businesses have grown in strategic importance. Eni serves a diversified customer base across Europe, Africa, the Middle East, Asia, and the Americas, supplying energy to utilities, industrial clients, governments, and retail consumers. A key element of Eni’s positioning is its integrated model combined with a stated strategy to progressively rebalance its portfolio toward lower-carbon businesses while maintaining cash generation from traditional hydrocarbons. Founded in 1953 through the transformation of the state-owned Agip group, Eni expanded internationally during the post-war period and evolved into one of Europe’s largest energy companies with a strong presence in emerging markets.

Business Operations

Eni organizes its activities across several major business segments, including Exploration & Production, Global Gas & LNG Portfolio, Refining & Chemicals, Plenitude, and EniPower. The Exploration & Production segment focuses on the discovery, development, and production of oil and natural gas, with assets in Africa, the Middle East, the North Sea, Asia, and the Americas. The Global Gas & LNG Portfolio manages natural gas supply, LNG contracts, trading, and infrastructure, generating revenue through long-term contracts and market-based sales, particularly in Europe.

Downstream operations include refining, fuel marketing, and chemical production through Eni Versalis, while power generation and energy services are provided via EniPower. The company also controls Plenitude, which integrates renewable power generation, energy retail, and electric vehicle charging services. Eni operates through a combination of wholly owned subsidiaries, joint ventures, and production-sharing agreements, and it maintains partnerships with national oil companies and international energy firms in multiple jurisdictions.

Strategic Position & Investments

Eni’s strategic direction emphasizes capital discipline, portfolio optimization, and a gradual shift toward lower-carbon energy while preserving profitability from upstream operations. Growth initiatives include expanding LNG supply, increasing natural gas production, and scaling renewable energy capacity through Plenitude. The company has pursued a satellite and stake-rotation model, partially listing or selling minority stakes in selected businesses to unlock value while retaining operational control.

Major investments in recent years have included upstream developments in Africa and the Eastern Mediterranean, as well as the expansion of bio-refining and renewable projects in Europe and other regions. Eni has also invested in emerging technologies related to biofuels, carbon capture and storage, and hydrogen, primarily through dedicated business units and partnerships. Notable subsidiaries and controlled entities include Plenitude, Eni Versalis, and EniPower, which collectively support the company’s long-term transition strategy.

Geographic Footprint

Eni operates on a global scale, with its corporate headquarters in Italy and significant operational presence across Europe, Africa, the Middle East, Asia-Pacific, and the Americas. Africa represents one of Eni’s most important regions, particularly for upstream oil and gas production, with long-standing operations in countries such as Libya, Egypt, Nigeria, Angola, and Mozambique. Europe remains central for gas supply, LNG marketing, refining, chemicals, and retail energy services.

The company also maintains upstream and LNG activities in the Middle East and Asia, including offshore and onshore projects, while its presence in the Americas includes exploration, production, and research activities. Through international investments, joint ventures, and supply contracts, Eni exerts influence across multiple global energy markets, particularly in natural gas flows into Europe.

Leadership & Governance

Eni was established under the leadership of Enrico Mattei, whose vision shaped the company’s early international expansion and state-linked governance model. Today, Eni is managed under a corporate governance structure that combines public-market accountability with significant state ownership, and its leadership emphasizes financial resilience, operational safety, and the integration of sustainability into strategic planning.

Key members of the executive leadership team include:

• Claudio Descalzi – Chief Executive Officer
• Francesco Gattei – Chief Financial Officer
• Giuseppe Ricci – Chief Operating Officer Energy Evolution
• Guido Brusco – Chief Operating Officer Natural Resources
• Lucia Calvosa – Chair of the Board of Directors

The leadership’s stated strategic vision focuses on maintaining competitiveness in traditional energy while progressively transforming Eni into a broader energy solutions provider aligned with long-term decarbonization objectives.