Scroll down for more content
Overview
Letter to shareholders
In 2015 the transformation of Eni which management started in 2014 anticipating a prolonged downturn in crude oil prices, has achieved outstanding results by growing the core oil&gas business, restructuring the industrial setup in other businesses and by improving organizational efficiency.
Emma Marcegaglia
Chairman
Claudio Descalzi
CEO and general manager
Integrated report
Eni’s 2015 integrated annual report is prepared in accordance with principles included in the “International Framework”, published by International Integrated Reporting Council (IIRC). It is aimed at representing financial and sustainability performance, underlining the existing connections between competitive environment, group strategy, business model, integrated risk management and a stringent corporate governance system.
Since 2011, Eni takes part in the IIRC Pilot Program, whose aim is to define an international framework for integrated reporting
Performance of the year
self financed investments at 53$/bl Brent scenario
Performance of the year
Performance of the year
from 1.76 mln bl/d
Performance of the year
of supply contracts indexed to market conditions
Operating review
Exploration & Production
Eni’s Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations in 42 countries, including Italy, Angola, Congo, Egypt, Ghana, Libya, Mozambique, Nigeria, Norway, Kazakhstan, the United Kingdom, the United States and Venezuela.
Gas & Power
Eni’s Gas & Power segment engages in supply, trading and marketing of gas and electricity, international gas transport activities, and LNG supply and marketing. This segment also includes the activity of electricity generation that is ancillary to the marketing of electricity.
Refining & Marketing
Eni’s Refining & Marketing segment engages in crude oil supply and refining. It markets petroleum products to wholesalers or through retail networks, mainly in Italy and in the rest of Europe.
Performance
In 2015, on the back of a weak Brent price scenario, Eni achieved remarkable results leveraging on its refocused portfolio, profitable growth in the upstream segment and cost efficiency programs.
