Key Figures 2025
Financial highlights
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Sales from operations |
(€ million) |
82,151 |
88,797 |
93,717 |
Operating profit (loss) |
|
5,010 |
5,238 |
8,257 |
Adjusted operating profit (loss)(a) |
|
8,344 |
10,348 |
13,805 |
Proforma adjusted operating profit (loss)(a) |
|
12,223 |
14,322 |
17,809 |
Exploration & Production |
|
11,163 |
13,022 |
13,538 |
Global Gas & LNG Portfolio and Power |
|
1,392 |
1,274 |
3,599 |
Enilive and Plenitude |
|
1,208 |
1,143 |
1,253 |
Refining and Chemicals |
|
(689) |
(713) |
46 |
|
4,989 |
5,257 |
8,322 |
|
Net profit (loss)(b) |
|
2,608 |
2,624 |
4,771 |
Adjusted net cash before changes in working capital at replacement cost |
|
12,496 |
13,590 |
16,498 |
Capital expenditure |
|
8,647 |
8,485 |
9,215 |
of which: exploration |
|
391 |
433 |
784 |
development of hydrocarbon reserves |
|
5,502 |
5,564 |
6,293 |
Dividend to Eni’s shareholders pertaining to the year(c) |
|
3,176 |
3,094 |
3,034 |
Cash dividend to Eni’s shareholders |
|
3,080 |
3,068 |
3,046 |
Total assets at year end |
|
137,069 |
146,939 |
142,606 |
Shareholders’ equity including non-controlling interests at year end |
|
52,787 |
55,648 |
53,644 |
Net borrowings at year end before IFRS 16 |
|
9,386 |
12,175 |
10,899 |
Net borrowings at year end after IFRS 16 |
|
15,086 |
18,628 |
16,235 |
Net capital employed at year end |
|
67,873 |
74,276 |
69,879 |
of which: Exploration & Production |
|
49,182 |
56,132 |
51,687 |
Global Gas & LNG Portfolio and Power |
|
(683) |
(1,322) |
1,876 |
Enilive and Plenitude |
|
10,424 |
10,396 |
8,688 |
Refining and Chemicals |
|
7,161 |
7,760 |
7,868 |
Share price at year end |
(€) |
16.1 |
13.1 |
15.4 |
Weighted average number of shares outstanding |
(million) |
3,024.8 |
3,167.0 |
3,303.8 |
Market capitalization at period end(d) |
(€ billion) |
48 |
40 |
50 |
(a) Non-GAAP measures.
(b) Attributable to Eni’s shareholders.
(c) The amount of dividend for the year 2025 is based on the Board’s proposal.
(d) Number of outstanding shares by reference price at year end.
Summary financial data
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Net profit (loss) |
|
|
|
|
per share(a) |
(€) |
0.78 |
0.78 |
1.40 |
($) |
1.76 |
1.69 |
3.03 |
|
Adjusted net profit (loss) |
|
|
|
|
per share(a) |
(€) |
1.55 |
1.60 |
2.47 |
($) |
3.50 |
3.46 |
5.34 |
|
Cash flow |
|
|
|
|
per share(a) |
(€) |
4.41 |
4.13 |
4.58 |
per ADR(a)(b) |
($) |
9.97 |
8.94 |
9.90 |
Adjusted Return on average capital employed (ROACE) |
(%) |
7.6 |
7.6 |
12.3 |
Gearing before lease liabilities ex IFRS 16(c) |
|
14 |
18 |
17 |
Coverage |
|
6.1 |
8.7 |
17.5 |
Current ratio |
|
1.2 |
1.2 |
1.3 |
Debt coverage |
|
88.4 |
70.3 |
93.1 |
Net Debt/EBITDA adjusted |
|
95.9 |
100.5 |
74.4 |
Dividend pertaining to the year |
(€ per share) |
1.05 |
1.00 |
0.94 |
Total Shareholder Return (TSR) |
(%) |
32 |
(9) |
23 |
(a) 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.
(b) One American Depositary Receipt (ADR) is equal to two Eni ordinary shares.
(c) Figure as at December 31, 2025 on a proforma basis, considering ongoing disposals/acquisitions.
Employees
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Exploration & Production |
(number) |
9,141 |
9,188 |
9,840 |
Global Gas & LNG Portfolio and Power |
|
1,077 |
1,151 |
1,130 |
Enilive and Plenitude |
|
6,064 |
5,899 |
5,759 |
Refining and Chemicals |
|
10,117 |
10,060 |
10,449 |
Corporate and other activities |
|
5,950 |
6,194 |
5,964 |
Group |
|
32,349 |
32,492 |
33,142 |
Innovation
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
R&D expenditure |
(€ million) |
207 |
178 |
166 |
First patent filing application |
(number) |
42 |
39 |
28 |
Climate
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Net Scope 1+2 Upstream(a) |
(Mt CO2eq.) |
4.7 |
6.8 |
9.0 |
Net Scope Eni(a) |
|
21.4 |
23.8 |
26.7 |
Intensity Net Scope 1+2+3(b) |
(gCO2eq./MJ) |
59.0 |
59.2 |
60.1 |
Direct GHG emissions (Scope 1)(c) |
(Mt CO2eq.) |
18.6 |
21.2 |
22.7 |
Indirect GHG emissions (Scope 2)(c) |
|
0.5 |
0.6 |
0.6 |
Direct methane emissions (Scope 1)(c) |
(ktonnes CH4) |
14.8 |
16.0 |
16.6 |
(a) KPIs calculated on a consolidated basis. The 2024 and 2023 data are reported accordingly.
(b) KPI includes Scope 1+2 emissions (consolidated scope) and Scope 3 emissions from the use of products sold (Cat.11), estimated on the basis of Eni’s equity share of upstream production. The 2024 and 2023 data are reported accordingly.
(c) KPIs refer to 100% of the operated assets, consolidated and unconsolidated, with reference to the operatorship criteria expressed in the standards of the Sustainability Statement.
Health, safety and environment(a)
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Total Recordable Injury Rate (TRIR) |
(total recordable injuries/ |
0.55 |
0.70 |
0.57 |
employees |
|
0.60 |
0.73 |
0.66 |
contractors |
|
0.51 |
0.68 |
0.52 |
Total volume of oil spills (> 1 barrel) |
(barrels) |
217 |
2,815 |
12,719 |
of which: due to sabotage |
|
0 |
2,140 |
5,094 |
operational |
|
217 |
675 |
7,625 |
Fresh water withdrawals |
(mmcm) |
114 |
127 |
109 |
Re-injected produced water |
(%) |
56 |
51 |
42 |
(a) KPIs refer to 100% of the operated assets, consolidated and unconsolidated.
Operation data – Exploration & Production
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Hydrocarbon production |
(kboe/d) |
1,728 |
1,707 |
1,655 |
Net proved reserves of hydrocarbons |
(mmboe) |
6,885 |
6,497 |
6,614 |
Reserve life index |
(years) |
10.9 |
10.4 |
10.6 |
Organic reserve replacement ratio |
(%) |
167 |
124 |
69 |
Profit per boe(a) |
($/boe) |
7.80 |
3.69 |
8.58 |
Opex per boe(b) |
|
9.2 |
9.2 |
8.6 |
|
17.0 |
22.7 |
26.3 |
Operating data – Global Gas & LNG Portfolio and Power
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Natural gas sales |
(bcm) |
43.72 |
50.88 |
50.51 |
of which: Italy |
|
21.00 |
24.40 |
24.40 |
outside Italy |
|
22.72 |
26.48 |
26.11 |
LNG sales |
|
12.1 |
9.8 |
9.6 |
Thermoelectric production |
(TWh) |
20.53 |
20.16 |
20.66 |
Power sales in the open market |
|
27.57 |
26.55 |
27.30 |
Operating data – Enilive
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Biorefining capacity |
(mmtonnes/year) |
1.65 |
1.65 |
1.65 |
Sold production of biofuels |
(ktonnes) |
925 |
982 |
635 |
Average bio refineries utilization rate |
(%) |
78 |
74 |
71 |
Retail sales of petroleum products in Europe |
(mmtonnes) |
7.81 |
7.70 |
7.52 |
Service stations in Europe at year end |
(number) |
5,294 |
5,254 |
5,267 |
Operating data – Plenitude
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Installed capacity from renewables at period end |
(GW) |
5.8 |
4.1 |
3.0 |
Energy production from renewable sources |
(TWh) |
5.6 |
4.7 |
4.0 |
Gas sales to end customers |
(bcm) |
5.29 |
5.51 |
6.06 |
Power sales to end customers |
(TWh) |
18.63 |
18.28 |
17.98 |
Retail and business customers at period end |
(mln pod) |
10.0 |
10.0 |
10.1 |
EV charging points |
(thousand) |
22.8 |
21.3 |
19.0 |
Operating data – Refining and Chemicals
|
|
2025 |
2024 |
2023 |
|---|---|---|---|---|
Refinery throughputs on own account |
(mmtonnes) |
24.94 |
24.21 |
27.39 |
Average oil refineries utilization rate |
(%) |
80 |
78 |
77 |
Production of chemical products |
(ktonnes) |
4,105 |
5,685 |
5,663 |
Average chemical plant utilization rate |
(%) |
49 |
50 |
51 |
(a) Related to consolidated subsidiaries.
(b) Includes Eni’s share in joint ventures and equity-accounted entities.
(c) Three-year average.