About Us

Eni S.p.A. is an Italian multinational oil and gas company, one of the largest in the world. It is involved in a wide range of activities across the energy sector, including the exploration, production, and marketing of oil and natural gas, as well as the development of renewable energy sources, refining, and petrochemicals.

Key Aspects of Eni:

1. Foundation and History:

   • Founded: 1953, originally as “Ente Nazionale Idrocarburi” (National Hydrocarbons Authority).
   • Headquarters: Rome, Italy.
   • Eni was initially created as a state-owned company, but it became a publicly traded company over time, with the Italian government maintaining a significant stake.

2. Core Business Areas:

   • Exploration & Production: Eni explores for oil and gas reserves in several regions, including Africa, the Middle East, and the North Sea. The company has a large presence in offshore exploration and production.
   • Refining & Marketing: Eni operates refineries and markets petroleum products globally. The company is also involved in the production and marketing of biofuels and lubricants.
   • Natural Gas: Eni has a strong presence in the natural gas market, with significant assets in LNG (Liquefied Natural Gas) and pipeline transportation of gas.
   • Renewable Energy & Energy Transition: Eni is making strides in the transition to a more sustainable energy mix. This includes investments in wind and solar power, bioenergy, and carbon capture technologies.

3. Global Presence: Eni operates in more than 70 countries, with a particularly strong presence in Africa (e.g., Libya, Nigeria, Egypt), the Middle East (e.g., Iraq, Oman), and parts of Latin America (e.g., Venezuela, Brazil).

4. Technology and Innovation: Eni has been investing heavily in research and development to improve efficiency and environmental performance. This includes advancements in carbon capture and storage (CCS), green hydrogen production, and other innovative technologies aimed at reducing the carbon footprint of energy production.

5. Sustainability and ESG (Environmental, Social, Governance): Eni has committed to achieving net-zero emissions by 2050. The company has also taken steps to improve its sustainability profile, including reducing its overall carbon emissions, promoting circular economy practices, and enhancing the environmental and social governance aspects of its business.

6. Financials and Market Position: Eni is listed on the Milan Stock Exchange (ENI) and is one of Italy’s largest companies by revenue. It is a constituent of the FTSE MIB index, which tracks the top 40 companies in Italy.

7. Key Challenges:

   • Market Volatility: Eni, like other oil and gas companies, faces challenges from fluctuations in global oil prices, regulatory changes, and geopolitical risks.
   • Energy Transition: The shift from fossil fuels to renewable energy sources presents both an opportunity and a challenge for companies like Eni. The company is actively working to balance its traditional business with new, greener alternatives.

8. Partnerships and Joint Ventures: Eni collaborates with other major oil and gas companies, as well as national oil companies, to develop large-scale projects and expand its reach in new markets.

In summary, Eni is a key player in the global energy sector, with a rich history in oil and gas, and a growing commitment to sustainability and innovation in the energy transition.