Letter to shareholders
The new oil environment featured by significantly lower prices than in the past over the short-to-medium term warrants higher flexibility and efficiency from the oil industry in order to continue to grow and create value for all stakeholders.
We believe that our company is in an ideal strategic position to face this challenge successfully
The organizational structure, division-based in the past years, has been fully integrated, streamlined and refocused on the priority of our core business. This allowed Eni in the past and will allow again in the future to achieve significant cost efficiencies, also thanks to the centralization of technical services.
CEO and General manager
In 2014, in spite of an increasingly weak scenario, Eni achieved excellent results supported by record cash flow over the last six years.
In light of these results, the Board of Directors will propose to the Annual Shareholders’ Meeting a cash dividend of €1.12 per share, of which €0.56 per share paid as interim dividend in September 2014 (€1.1 in 2013).