Scenario and Performance

An international environment characterized by oversupply and low prices, the ongoing transformations in the European mid-downstream businesses and the process of decarbonization in the energy system, represent the main challenges faced by the oil companies. The surplus in supply and the downward dynamic on prices continue to require a strategy of capex rationalization, addressed to projects with lower break-even and initiatives finalized to cost reduction.

To achieve the target of limiting global temperature increase, natural gas will play a central role as main full alternative to carbon.

Efficient and valuable growth (graphic)Efficient and valuable growth (graphic)

Efficient and valuable growth

Transformation (graphic)Transformation (graphic)

Transformation

Mid-downstream restructuring (graphic)Mid-downstream restructuring (graphic)

Mid-downstream restructuring