Company Overview

Eni S.p.A. is an integrated energy company headquartered in Italy, operating across the oil, natural gas, renewable energy, biofuels, and chemicals industries. The company’s activities span the full energy value chain, including exploration and production, midstream transportation, refining, power generation, chemicals manufacturing, and energy retail. Eni serves a broad range of customers, including governments, industrial users, utilities, and retail consumers, with revenue primarily driven by upstream hydrocarbon production, natural gas sales, and downstream energy products.

Founded in 1953 as Ente Nazionale Idrocarburi, Eni played a central role in Italy’s post-war energy development under the leadership of its founder Enrico Mattei. Over time, the company evolved from a state-owned oil and gas operator into a publicly traded multinational energy group, while the Italian government has retained a significant ownership stake. Eni positions itself as a transition-focused energy company, emphasizing decarbonization, diversification of supply, and integration of renewable and low-carbon solutions alongside its traditional hydrocarbon portfolio.

Business Operations

Eni organizes its activities across several core business segments, including Exploration & Production, Global Gas & LNG Portfolio, Refining & Chemicals, and Energy Evolution. The Exploration & Production segment is the primary revenue driver, encompassing oil and natural gas exploration, development, and production activities worldwide. The Global Gas & LNG Portfolio manages gas supply, liquefaction, transportation, and marketing, with a strong focus on long-term contracts and LNG trading. Downstream activities include refining, fuel marketing, and chemicals through Versalis, while low-carbon and consumer-facing activities are consolidated under Plenitude, which integrates renewables generation, retail energy sales, and electric vehicle charging infrastructure.

The company operates both domestically and internationally, controlling a wide range of physical assets such as offshore platforms, LNG facilities, pipelines, refineries, power plants, and renewable energy installations. Eni maintains partnerships and joint ventures with national oil companies and international energy firms, particularly in upstream projects across Africa, the Middle East, and Asia. Its portfolio reflects a balance between operated assets and collaborative developments, allowing risk sharing and access to resource-rich regions.

Strategic Position & Investments

Eni’s strategic direction emphasizes energy security, disciplined capital allocation, and a gradual transition toward lower-carbon energy systems. Key growth initiatives include expanding natural gas and LNG supply, scaling renewable energy capacity, increasing bio-refining output, and investing in carbon capture, utilization, and storage (CCUS). The company has also prioritized modular business models, enabling selective investment and potential value realization through partial listings or partnerships.

Major recent investments include the acquisition of Neptune Energy, which strengthened Eni’s upstream portfolio in Europe, North Africa, and Asia-Pacific. Eni has also invested in advanced biofuels, circular economy initiatives, and proprietary technologies related to emissions reduction. Notable subsidiaries and platforms such as Plenitude and Versalis are positioned as key vehicles for growth in power generation, energy retail, and sustainable chemicals, reflecting Eni’s broader transition strategy.

Geographic Footprint

Eni maintains a global operational presence across Europe, Africa, the Middle East, Asia-Pacific, and the Americas, with corporate headquarters in Rome. Africa represents a particularly strategic region, contributing a substantial share of upstream production and gas supply, with long-standing operations in countries such as Algeria, Egypt, Libya, Nigeria, and Angola. Europe remains central for refining, chemicals, power generation, and retail energy activities, as well as for LNG marketing and gas distribution.

Beyond Europe and Africa, Eni has material upstream and LNG interests in the Middle East, Southeast Asia, and Australia, alongside trading and marketing operations with global reach. The company’s international investments provide diversification across resource types and geopolitical contexts, supporting its role as a key energy supplier to European and global markets.

Leadership & Governance

Eni was founded by Enrico Mattei, whose vision shaped the company’s early international expansion and strategic independence. Today, Eni is led by an executive team focused on operational excellence, financial discipline, and energy transition, under a governance structure that includes significant oversight from the Italian state as a major shareholder. The leadership emphasizes long-term value creation, sustainability integration, and resilience in volatile energy markets.

Key executives include:

• Claudio Descalzi – Chief Executive Officer
• Francesco Gattei – Chief Transition & Financial Officer
• Giuseppe Ricci – Chief Operating Officer, Energy Evolution
• Guido Brusco – Chief Operating Officer, Natural Resources
• Paolo Scaroni – Chairman of the Board