Quarterly information

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Main financial data (a) (b)

 

2011

2012

2013

(€ million)

I quarter

II quarter

III quarter

IV quarter

 

I quarter

II quarter

III quarter

IV quarter

 

I quarter

II quarter

III quarter

IV quarter

 

(a)

Quarterly data are unaudited.

(b)

In accordance with the guidelines of IFRS 5, results of the Italian regulated businesses managed by Snam divested in accordance to Article 15 of Law Decree No. 1 of January 24, 2012, enacted into Law No. 27 of March 24, 2012 have been reported as discontinued operations from July 1, 2012. Prior year data have been reclassified accordingly.

(c)

Net profit attributable to Eni’s shareholders.

Net sales from operations

28,408

24,118

25,516

29,648

107,690

33,140

30,063

31,494

32,523

127,220

31,165

28,111

29,423

26,023

114,722

Operating profit

5,583

3,604

4,241

3,375

16,803

6,549

2,791

4,081

1,650

15,071

3,834

1,459

3,303

260

8,856

Adjusted operating profit:

5,010

3,717

4,267

4,236

17,230

6,237

4,221

4,370

4,970

19,798

3,713

1,947

3,439

3,519

12,618

Exploration & Production

4,131

3,822

3,909

4,213

16,075

5,095

4,239

4,336

4,867

18,537

3,999

3,409

3,917

3,321

14,646

Gas & Power

335

(314)

(196)

(72)

(247)

1,019

(401)

(304)

42

356

(227)

(436)

(356)

356

(663)

Refining & Marketing

(149)

(124)

2

(268)

(539)

(224)

(142)

52

(7)

(321)

(152)

(174)

(61)

(95)

(482)

Versalis

(13)

(32)

(77)

(151)

(273)

(169)

(25)

(173)

(116)

(483)

(63)

(82)

(111)

(130)

(386)

Engineering & Construction

342

378

333

390

1,443

378

389

387

320

1,474

204

(680)

238

154

(84)

Other activities

(45)

(60)

(52)

(69)

(226)

(45)

(57)

(40)

(80)

(222)

(55)

(52)

(52)

(51)

(210)

Corporate and financial companies

(84)

(69)

(94)

(19)

(266)

(80)

(99)

(64)

(82)

(325)

(82)

(76)

(92)

(82)

(332)

Unrealized profit intragroup elimination and consolidation adjustments

493

116

442

212

1,263

263

317

176

26

782

89

38

(44)

46

129

Net profit (c)

2,547

1,254

1,770

1,289

6,860

3,617

227

2,485

1,461

7,790

1,543

275

3,989

(647)

5,160

- continuing operations

2,614

1,197

1,775

1,316

6,902

3,544

156

2,464

(1,964)

4,200

1,543

275

3,989

(647)

5,160

- discontinued operations

(67)

57

(5)

(27)

(42)

73

71

21

3,425

3,590

 

 

 

 

 

Capital expenditure

2,615

3,343

2,568

3,383

11,909

2,632

3,015

3,224

3,890

12,761

3,119

2,812

3,053

3,766

12,750

Investments

41

87

92

140

360

245

61

207

56

569

113

63

40

101

317

Net borrowings at period end

24,951

25,978

28,273

28,032

28,032

27,426

26,909

19,617

15,511

15,511

15,985

16,492

15,146

15,428

15,428
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Key market indicators

 

2011

2012

2013

 

I quarter

II quarter

III quarter

IV quarter

 

I quarter

II quarter

III quarter

IV quarter

 

I quarter

II quarter

III quarter

IV quarter

 

(a)

In USD per barrel. Source: Platt’s Oilgram.

(b)

Source: BCE.

(c)

In USD per barrel FOB Mediterranean Brent dated crude oil. Eni elaborations on Platt’s Oilgram data.

(d)

In USD per BTU. Source Platt’s Oilgram.

Average price of Brent dated crude oil (a)

104.97

117.36

113.46

109.31

111.27

118.49

108.19

109.61

110.02

111.58

112.60

102.44

110.37

109.27

108.66

Average EUR/USD exchange rate (b)

1.367

1.439

1.413

1.348

1.392

1.311

1.281

1.250

1.297

1.285

1.321

1.306

1.324

1.361

1.328

Average price in euro of Brent dated crude oil

76.79

81.56

80.30

81.09

79.94

90.38

84.46

87.69

84.83

86.83

85.24

78.44

83.36

80.29

81.82

Average European refining margin (c)

1.74

1.09

2.87

2.52

2.06

2.92

5.89

7.96

2.54

4.83

3.97

3.97

2.14

0.48

2.64

Average European refining margins Brent/Ural (c)

3.35

2.20

2.92

3.13

2.90

3.26

6.31

7.35

2.83

4.94

4.30

3.76

1.69

0.64

2.60

Average European refining margins in euro

1.27

0.76

2.03

1.87

1.48

2.23

4.60

6.37

1.96

3.76

3.01

3.04

1.62

0.35

1.99

Price of NBP gas (d)

9.09

9.36

8.74

8.92

9.03

9.34

9.09

9.00

10.49

9.48

11.46

10.06

10.11

10.95

10.64

Euribor - three-month euro rate (%)

1.1

1.4

1.6

1.5

1.4

1.0

0.7

0.4

0.2

0.6

0.2

0.2

0.2

0.2

0.2

Libor - three-month dollar rate (%)

0.3

0.3

0.3

0.5

0.3

0.5

0.5

0.4

0.3

0.4

0.3

0.3

0.3

0.2

0.3
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Main operating data

 

 

2011

2012

2013

 

 

I quarter

II quarter

III quarter

IV quarter

 

I quarter

II quarter

III quarter

IV quarter

 

I quarter

II quarter

III quarter

IV quarter

 

Liquids production

(kbbl/d)

899

793

793

896

845

867

856

891

912

882

818

845

851

816

833

Natural gas production

(mmcf/d)

4,356

3,867

3,773

4,345

4,085

4,480

4,394

4,545

4,584

4,501

4,290

4,410

4,402

4,177

4,320

Hydrocarbons production

(kboe/d)

1,684

1,489

1,473

1,678

1,581

1,683

1,656

1,718

1,747

1,701

1,600

1,648

1,653

1,577

1,619

Italy

 

186

172

193

191

186

188

187

187

195

189

180

181

189

192

186

Rest of Europe

 

224

221

203

217

216

206

173

162

172

178

158

151

141

173

155

North Africa

 

505

384

367

497

438

570

573

593

610

586

554

598

569

506

556

Sub-Saharan Africa

 

375

356

364

381

369

335

333

387

324

345

313

322

377

316

332

Kazakhstan

 

117

106

96

105

106

111

106

90

99

102

103

105

90

102

100

Rest of Asia

 

120

104

103

121

112

111

128

128

149

129

141

150

143

143

144

America

 

131

122

121

128

126

119

120

135

166

135

119

110

117

116

116

Australia and Oceania

 

26

24

26

38

28

43

36

36

32

37

32

31

27

29

30

Production sold

(mmboe)

145.7

129.1

130.0

143.7

548.5

149.2

144.6

150.5

154.4

598.7

135.8

140.3

141.8

137.4

555.3

Sales of natural gas to third parties

(bcm)

27.87

17.33

14.59

21.23

81.02

26.12

16.38

16.56

21.91

80.97

26.71

16.13

15.27

22.17

80.28

Own consumption of natural gas

 

1.65

1.53

1.41

1.62

6.21

1.77

1.57

1.58

1.51

6.43

1.56

1.29

1.53

1.55

5.93

Sales to third parties and own consumption

 

29.52

18.86

16.00

22.85

87.23

27.89

17.95

18.14

23.42

87.40

28.27

17.42

16.80

23.72

86.21

Sales of natural gas of Eni’s affiliates (net to Eni)

 

2.81

2.14

1.96

2.62

9.53

2.72

2.20

1.34

1.66

7.92

1.95

1.62

1.55

1.84

6.96

Total sales and own consumption of natural gas

 

32.33

21.00

17.96

25.47

96.76

30.61

20.15

19.48

25.08

95.32

30.22

19.04

18.35

25.56

93.17

Electricity sales

(TWh)

9.68

9.66

9.55

11.39

40.28

12.29

9.62

10.54

10.13

42.58

9.16

8.69

8.45

8.75

35.05

Sales of refined products

(mmtonnes)

10.34

11.03

13.16

10.49

45.02

10.01

12.73

13.25

12.34

48.33

10.65

10.42

11.91

10.51

43.49

Retail sales in Italy

 

1.94

2.14

2.23

2.05

8.36

1.81

1.98

2.24

1.80

7.83

1.65

1.71

1.71

1.57

6.64

Wholesale sales in Italy

 

2.19

2.22

2.47

2.48

9.36

2.06

2.18

2.20

2.18

8.62

1.86

2.08

2.26

2.17

8.37

Retail sales Rest of Europe

 

0.70

0.76

0.80

0.75

3.01

0.72

0.76

0.81

0.75

3.04

0.68

0.78

0.83

0.76

3.05

Wholesale sales Rets of Europe

 

0.81

0.97

1.08

0.98

3.84

0.89

1.03

1.05

0.99

3.96

0.94

1.08

1.10

1.11

4.23

Wholesale sales outside Europe

 

0.10

0.11

0.11

0.11

0.43

0.10

0.11

0.10

0.11

0.42

0.10

0.11

0.11

0.11

0.43

Other markets

 

4.60

4.83

6.47

4.12

20.02

4.43

6.67

6.85

6.51

24.46

5.42

4.66

5.90

4.79

20.77