Key Figures 2023

Eni Annual Report 2023

2023

2022

2021

Financial data

(€ million)

Sales from operations

93,717

132,512

76,575

Operating profit (loss)

8,257

17,510

12,341

Adjusted operating profit (loss)^(a)

13,805

20,386

9,664

Net profit (loss)^(b)

4,771

13,887

5,821

Adjusted net profit (loss)^(b)

8,322

13,301

4,330

Total comprehensive income (loss)

3,309

15,718

7,891

Balance Sheet

(€ million)

Total assets at year end

142,606

152,130

137,765

Fixed assets

83,278

81,041

74,251

Net working capital

(13,398)

(13,204)

(14,728)

Capital employed, net

69,879

67,207

58,843

Shareholders’ equity at year end

53,644

55,230

44,519

Net borrowings at year end before IFRS 16

10,899

7,026

8,987

Net borrowings at year end after IFRS 16

16,235

11,977

14,324

Cash flow

(€ million)

Adjusted net cash before changes in working capital at replacement cost

16,498

20,380

12,711

Net cash flow from operating activities

15,119

17,460

12,861

Capital expenditure

9,215

8,056

5,234

Free cash flow

3,560

9,656

5,582

Dividends paid to Eni’s shareholders

3,046

3,009

2,358

Net increase (decrease) in cash and cash equivalents

1,916

(1,148)

Per share data

Earnings (loss) per share^(b)

(€)

1.40

3.95

1.60

Adjusted net profit (loss) per share^(c)

(€)

2.47

3.78

1.19

Share price at year end

(€)

15.4

13.3

12.2

Dividend pertaining to the year per share

(€)

0.94

0.88

0.86

Dividend yield^(d)

(%)

6.2

6.5

7.1

Employee data

Employees at year end

(number)

33,142

32,188

32,689

TRIR (Total Recordable Injury Rate)

(total recordable injuries/worked hours) x 1,000,000

0.40

0.41

0.34

Other financial data

Adjusted Return on average capital employed (ROACE)

(%)

12.3

22.0

8.4

Leverage before IFRS 16

(%)

Debt coverage

(%)

93.1

145.8

89.8

Market capitalization^(e)

(€ billion)

Adjusted net profit by business segment

(€ million)

Adjusted net profit (loss)^(b)

8,322

13,301

4,330

Exploration & Production

5,516

10,834

5,593

Global Gas & LNG Portfolio

2,373

982

169

Enilive, Refining and Chemicals

670

1,914

Plenitude & Power

414

397

327

Corporate and other activities

(599)

(767)

(1,626)

Impact of unrealized intragroup profit elimination and other consolidation adjustments^(f)

(4)

(176)

(a)	Non-GAAP measures.
(b)	Attributable to Eni’s shareholders.
(c)	Fully diluted. Ratio of net profit/cash flow and average number of shares outstanding in the period. Dollar amounts are converted on the basis of the average EUR/USD exchange rate quoted by Reuters (WMR) for the period presented.
(d)	Ratio of dividend for the period and the average price of Eni shares as recorded in December.
(e)	Number of outstanding shares by reference price at year end.
(f)	This item concerned mainly intragroup sales of commodities, services and capital goods recorded in the assets of the purchasing business segment as of end of the period.