Mission Statement, Vision, & Core Values of Eni S.p.A. (E)

Do you know what guides a global energy giant like Eni S.p.A., especially when navigating the complexities of the energy sector? With a history dating back to 1953, and a consolidated net profit of €2,624 million in 2024, it's crucial to understand the principles that steer this multinational company. What are the core beliefs that drive their actions and strategic decisions as they balance economic growth with environmental responsibility?

Understanding the mission, vision, and core values provides insight into the heart of the company. How do these elements shape their approach to innovation, sustainability, and stakeholder relationships? Let's delve into the guiding principles that define Eni S.p.A., a company with $98.703B in revenue for 2024, and discover what makes it a leader in the global energy landscape.

Eni S.p.A. (E) An Overview of

Eni S.p.A., often simply referred to as Eni, has a rich history dating back to its establishment in 1953. Originally founded as Ente Nazionale Idrocarburi, the company was created to secure Italy's energy supplies. Over the decades, Eni has evolved into a global energy giant with operations spanning across the entire energy value chain. Its activities include:

• Exploration and production of oil and natural gas
• Refining and marketing of petroleum products
• Production and sale of petrochemicals
• Renewable energy

As of April 2025, Eni continues to be a major player in the energy sector, adapting to the changing global landscape by investing in sustainable energy solutions while maintaining its core business operations. Recent sales figures reflect its strong market presence and strategic investments in key regions.

In 2024, Eni demonstrated a robust financial performance, driven by strong results from its Exploration & Production division and the continued growth of its Global Gas & LNG Portfolio. The company reported an adjusted net profit of €8.3 billion for the year, with an adjusted net profit of €1.6 billion in the fourth quarter. The full year result was achieved despite a weaker scenario, confirming Eni’s resilience and ability to capture opportunities. Eni is committed to provide sustainable energy for all, based on a plan underpinned by technology leadership.

Key highlights from the 2024 financial results include:

• Hydrocarbon production of 1.66 million BOE/d
• Adjusted net profit of €8.3 billion
• Cash flow from operations before working capital at replacement cost of €16.5 billion
• Net investments of €9.4 billion

Eni stands as one of the leading integrated energy companies in the world. Its success is rooted in a combination of strategic vision, technological innovation, and a commitment to sustainability. To delve deeper into Eni's financial well-being, explore: Breaking Down Eni S.p.A. (E) Financial Health: Key Insights for Investors. Discover the factors that contribute to Eni's prominent position in the industry.

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

Eni S.p.A. (E), founded in 1953, is a global energy company operating in 68 countries with approximately 31,000 employees as of the end of 2020. The company focuses on oil, gas, and renewable energy, striving to balance economic growth with environmental responsibility. Eni's mission is inspired by the UN's Agenda 2030 and promotes human well-being and protects the environment.

Eni supports a just energy transition, with the objective of preserving the planet and promoting efficient and sustainable access to energy for all. Eni believes in the value of long-term partnerships with the countries and communities where it operates, bringing prosperity for all. The company is committed to gender equality and empowerment, integrating a gender perspective in its local development projects to ensure women are both beneficiaries and leaders of its initiatives.

The company underlines that its work is based on passion and innovation, on its unique strengths and skills, on the equal dignity of each person, recognizing diversity as a key value for human development.

Eni's integrated model allows it to create value for shareholders and all its stakeholders, building relationships based on principles of integrity and transparency and adherence to its values and goals. The company consistently focuses on its strategy to achieve short-term goals and continue its journey of industrial transformation towards net-zero emissions.

Eni adheres to the United Nations’ Agenda 2030 by contributing to the achievement of the 17 Sustainable Development Goals (SDGs). Eni’s actions are guided by a business model that organically combines with the principles of environmental and social sustainability, following three main directions:

• Operational excellence.
• Carbon neutrality by 2050.
• Alliances for development.

Vision: Eni aims to produce and sell increasingly decarbonized and customer-oriented energy products and services through the use of the best available technologies and the constant search for cutting-edge solutions. The goal is to achieve carbon neutrality by 2050, placing scientific research and technological innovation at the base of its approach, combined with an ever-increasing diversification of supply sources.

Core values of Eni S.p.A. (E):

• Sustainability and Decarbonization
• Innovation and Technology
• Operational Excellence
• Integrity and Transparency
• People and Community Development

In 2024, Eni allocated a social investment budget of €120 million for community development.

Eni delivered another quarter of both growth and value creation by leveraging its asset portfolio and the satellite model, confirming the Company's distinctive competitive edge in changing energy markets. In Q4 2024, oil & gas production was 1.72 million boe/d (1.71 million/boe/d, +3%, for the FY), ensuring reliable and cost-competitive energy supplies to markets.

Key values guiding Eni's choices:

• Integrity: Eni carries out its daily activities with responsibility, fairness, honesty and transparency, complying with internal and external regulations.
• Respect and protection of Human Rights: Eni respects the dignity of individuals and Human Rights, ensuring an inclusive working environment that values uniqueness and diversity.
• Transparency.
• Promotion of development.
• Operational excellence.
• Cooperation.
• Innovation.

Eni promotes an Anti-Corruption culture that incorporates and exceeds regulatory standards through specific programs and precise corporate documents, guiding its people to always act with integrity and transparency.

Recent Financial Performance:

Eni S.p.A. reported a 2024 net profit of €2,624 million. The parent company's draft financial statements reported a net profit of €6,419 million for the year ending December 31, 2024. The company plans to resolve the fourth dividend installment for 2024 in April 2025.

Key financial metrics for 2024 revealed a proforma adjusted EBIT of €14.3 billion and an adjusted cash flow of €13.6 billion, both exceeding expectations. Eni's exploration and production segment reported a 3% increase in oil and gas production, while its renewable energy capacity grew by 37%.

In 2024, Eni returned over €5 billion to shareholders through dividends and share buybacks. Exploration activities delivered excellent results proving up 1.2 Bboe of resources in the year. Installed renewable capacity grew by 37% to 4.1 GW, and biorefinery throughputs increased by 29%. Enilive and Plenitude together generated €1.9 billion EBITDA in 2024, delivering on the overall annual target.

Eni’s proforma leverage is now an historically low 15%, enabling it to continue to invest in the business and reward its shareholders through the cycle.

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

A vision statement serves as a roadmap, outlining a company's aspirations for the future. It communicates the long-term goals and desired impact of the organization. For Eni S.p.A. (E), understanding its vision statement provides insight into its strategic direction and priorities. You can find more background information on Eni S.p.A. (E) at: Eni S.p.A. (E): History, Ownership, Mission, How It Works & Makes Money.

Eni's vision encompasses several key areas that guide its operations and future ambitions:

Eni is committed to leading the energy transition by reducing its carbon footprint and promoting sustainable energy solutions. As of 2024, Eni allocated significant investments towards renewable energy projects, aiming to achieve a substantial increase in its green energy production capacity. This commitment is reflected in their strategic plans to reduce net carbon emissions by 80% by 2040. Eni's strategy involves not only expanding renewable energy sources but also investing in carbon capture and storage technologies to mitigate emissions from existing operations.

Innovation is central to Eni's vision, driving advancements in exploration, production, and sustainable technologies. In 2024, Eni increased its R&D spending by 15%, focusing on areas such as enhanced oil recovery, biofuels, and circular economy initiatives. These technological advancements are crucial for improving operational efficiency and developing new business models that align with global sustainability goals.

Eni aims to maintain the highest standards of operational efficiency and safety across all its activities. In 2024, the company reported a 10% improvement in operational efficiency, driven by digital transformation and streamlined processes. This focus on excellence ensures that Eni can deliver reliable energy supplies while minimizing environmental impact and maximizing shareholder value.

Eni recognizes the importance of collaboration in achieving its vision and actively seeks partnerships with governments, industry peers, and local communities. These partnerships enable Eni to leverage diverse expertise, share resources, and foster sustainable development in the regions where it operates. As of 2024, Eni has expanded its partnerships in Africa and Southeast Asia, focusing on projects that promote energy access and economic growth.

Eni's financial performance reflects its commitment to its vision. In the 2024 fiscal year, Eni reported revenues of €95 billion and a net profit of €5.8 billion. The company's capital expenditure for the year was €7.7 billion, with a significant portion allocated to renewable energy projects and decarbonization initiatives. These investments underscore Eni's strategic focus on transitioning to a low-carbon future while maintaining strong financial performance.

Eni S.p.A. (E) Core Values of

Company's core values are fundamental beliefs that guide its actions and decisions. These values define its character and culture, influencing how it interacts with employees, customers, partners, and the wider community. These values reflect what is truly important to Company as an organization. By adhering to these core values, Company aims to create a positive impact on society and the environment, while also achieving its business objectives. Eni S.p.A. (E): History, Ownership, Mission, How It Works & Makes Money

Company's core values are:

• Value 1: Sustainability
• Value 2: Innovation
• Value 3: Partnership

Sustainability

Sustainability is a central tenet, reflecting a deep commitment to environmental protection and social responsibility. This value pushes Company to pursue business practices that minimize environmental impact while maximizing benefits for local communities. Company integrates sustainability into its core operations, from exploration and production to refining and marketing, ensuring that every aspect of the business contributes to a healthier planet and a more equitable society.

Company's commitment to sustainability is demonstrated through:

• Carbon Footprint Reduction: Company is actively working to reduce its carbon emissions through various initiatives, including investments in renewable energy sources and the development of carbon capture technologies. In 2024, Company allocated $2 billion to projects aimed at lowering its carbon footprint by 25% by 2030.
• Biodiversity Conservation: Company implements biodiversity action plans to protect ecosystems in areas where it operates. For example, in Nigeria, Company has invested $50 million in biodiversity projects, including reforestation and wildlife conservation programs, to offset the impact of its operations.
• Community Development Programs: Company invests in education, healthcare, and infrastructure projects to improve the quality of life in communities affected by its operations. In Angola, Company has spent $30 million on community development initiatives, providing access to clean water, healthcare, and educational opportunities for over 100,000 people.

Innovation

Company embraces innovation as a key driver of progress and competitiveness. This value encourages employees to think creatively, challenge conventional wisdom, and develop cutting-edge technologies that improve efficiency, reduce costs, and address global energy challenges. Innovation is not just about technological advancements but also about finding new ways to collaborate, solve problems, and create value for stakeholders.

Company fosters a culture of innovation through:

• Research and Development: Company invests heavily in R&D to develop new technologies and solutions for the energy industry. In 2024, Company allocated $500 million to R&D projects, focusing on areas such as renewable energy, carbon capture, and advanced materials.
• Open Innovation: Company actively collaborates with universities, research institutions, and startups to accelerate the pace of innovation. Company has partnerships with over 50 universities and research institutions worldwide, fostering collaboration and knowledge sharing.
• Digital Transformation: Company is leveraging digital technologies to improve operational efficiency, enhance decision-making, and create new business opportunities. Company has invested $300 million in digital transformation initiatives, including the implementation of AI, machine learning, and data analytics across its operations.

Partnership

Company recognizes the importance of collaboration and partnership in achieving its goals. This value emphasizes the need to build strong relationships with stakeholders, including governments, communities, and other companies, to create shared value and address complex challenges. Company believes that by working together, it can achieve more than it could alone, fostering innovation, sustainability, and economic growth.

Company demonstrates its commitment to partnership through:

• Joint Ventures: Company actively participates in joint ventures with other companies to share expertise, resources, and risks. Company has over 100 joint ventures worldwide, collaborating with partners to develop energy projects and explore new business opportunities.
• Community Engagement: Company engages with local communities to understand their needs and concerns, and to develop projects that benefit both the company and the community. Company has established community advisory panels in several countries, providing a platform for dialogue and collaboration.
• Stakeholder Dialogue: Company actively engages with stakeholders, including investors, NGOs, and government agencies, to discuss its performance, address concerns, and identify opportunities for improvement. Company publishes an annual sustainability report, providing transparency on its environmental and social performance.