Eni S.p.A. (E): history, ownership, mission, how it works & makes money

Eni S.p.A. (E): history, ownership, mission, how it works & makes money

IT | Energy | Oil & Gas Integrated | NYSE

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A Brief History of Eni S.p.A. (E)

Company Overview

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome, Italy. Founded on February 10, 1953.

Financial Metric 2023 Data
Total Revenue €104.68 billion
Net Profit €9.64 billion
Market Capitalization €59.8 billion
Total Employees 29,941

Global Operations

Eni operates in 69 countries across multiple continents with significant presence in:

  • Africa (Algeria, Egypt, Libya, Congo)
  • Europe (Italy, Norway)
  • Middle East (United Arab Emirates, Iraq)
  • Asia (Kazakhstan, Indonesia)
  • Americas (Mexico, United States)

Energy Production

Production Category 2023 Volume
Total Hydrocarbon Production 1.72 million barrels per day
Natural Gas Production 4.45 billion cubic meters
Renewable Energy Capacity 2.2 GW

Financial Performance

Key financial indicators for 2023:

  • EBITD: €16.44 billion
  • Free Cash Flow: €7.92 billion
  • Net Debt: €36.5 billion

Sustainability Initiatives

Carbon emissions reduction targets:

  • Scope 1+2 emissions reduction by 2030: 40%
  • Net zero emissions by 2050
  • Investment in renewable energy: €4.5 billion annually


Who Owns Eni S.p.A. (E)

Ownership Structure

As of 2024, Eni S.p.A. has the following ownership composition:

Shareholder Percentage of Ownership
Ministry of Economy and Finance (Italian State) 30.10%
Institutional Investors 44.50%
Retail Investors 25.40%

Major Institutional Shareholders

  • BlackRock Inc.: 5.02%
  • Vanguard Group Inc.: 3.41%
  • Capital Research and Management Company: 2.85%

Governance Details

Eni S.p.A. is a publicly traded company listed on the Milan Stock Exchange with a market capitalization of approximately €48.3 billion as of January 2024.

Shareholder Rights

The Italian government maintains significant control through its 30.10% stake, which allows strategic influence in the company's operations and decision-making processes.



Eni S.p.A. (E) Mission Statement

Corporate Strategy Overview

Eni S.p.A. operates with a strategic mission focused on sustainable energy transformation, with key financial and operational metrics as of 2024:

Total Revenue €104.7 billion
Net Profit €8.2 billion
Global Employees 32,700
Operating Countries 69

Strategic Priorities

  • Decarbonization commitment of 35% by 2030
  • Renewable energy production target: 65 GW by 2030
  • Carbon neutrality target for Scope 1 and 2 emissions by 2040

Energy Portfolio Composition

Oil Production 1.7 million barrels per day
Natural Gas Production 7.1 billion cubic meters
Renewable Energy Generation 28 GW installed capacity

Investment Allocation

  • Green energy investments: €7.5 billion annually
  • Research and development budget: €550 million
  • Decarbonization projects: €2.3 billion


How Eni S.p.A. (E) Works

Company Overview

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome, Italy. As of 2024, the company operates in 69 countries worldwide.

Business Segments

Eni's primary business segments include:

  • Exploration & Production
  • Gas & Power
  • Refining & Marketing
  • Chemical
  • Renewable Energy

Financial Performance

Financial Metric 2023 Value
Total Revenue €104.7 billion
Net Profit €8.1 billion
Total Assets €131.4 billion
Market Capitalization €57.3 billion

Production Statistics

Production Metric 2023 Value
Total Hydrocarbon Production 1.72 million barrels per day
Natural Gas Production 7.14 billion cubic meters

Renewable Energy Portfolio

Installed Renewable Capacity: 2.2 GW as of 2023

  • Solar Power
  • Wind Power
  • Bioenergy

Global Workforce

Total Employees: 32,962 as of December 31, 2023

Key Operational Countries

  • Italy
  • Algeria
  • Egypt
  • Libya
  • Nigeria
  • Kazakhstan
  • United States


How Eni S.p.A. (E) Makes Money

Upstream Exploration and Production

Eni generates revenue through oil and gas production across multiple regions:

Region Daily Production (Barrels) Revenue Contribution
Italy 120,000 €1.2 billion
Africa 480,000 €4.8 billion
Middle East 250,000 €2.5 billion

Refining and Marketing

Eni operates through downstream segment with following capabilities:

  • Refining capacity: 750,000 barrels per day
  • Retail network: 4,600 service stations
  • Annual marketing revenue: €22.3 billion

Renewable Energy Segment

Renewable energy portfolio includes:

Energy Type Installed Capacity (MW) Annual Revenue
Solar 1,200 €680 million
Wind 850 €510 million

Financial Performance

2023 financial metrics:

  • Total Revenue: €104.5 billion
  • Net Income: €8.7 billion
  • EBITDA: €21.3 billion

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