Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2023 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2023 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 1-14090 |
Entity Registrant Name | Eni SpA |
Entity Incorporation, State or Country Code | L6 |
Entity Address, Address Line One | 1, piazzale Enrico Mattei |
Entity Address, Postal Zip Code | 00144 |
Entity Address, City or Town | Roma |
Entity Address, Country | IT |
Entity Common Stock, Shares Outstanding | 3,375,937,893 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Entity Central Index Key | 0001002242 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | FY |
ICFR Auditor Attestation Flag | true |
Auditor Name | PricewaterhouseCoopers SpA |
Auditor Location | Rome, Italy |
Auditor Firm ID | 30 |
Document Financial Statement Error Correction [Flag] | false |
Business Contact | |
Document Information [Line Items] | |
Contact Personnel Name | Francesco Esposito |
Entity Registrant Name | Eni SpA |
Entity Address, Address Line One | 1, piazza Ezio Vanoni |
Entity Address, Postal Zip Code | 20097 |
Entity Address, City or Town | San Donato Milanese (Milano) |
Entity Address, Country | IT |
City Area Code | 39 |
Local Phone Number | 02 52061632 |
Contact Personnel Fax Number | 06 59822575 |
Ordinary shares | |
Document Information [Line Items] | |
Title of 12(b) Security | Shares |
Trading Symbol | E |
Security Exchange Name | NYSE |
American Depositary Shares | |
Document Information [Line Items] | |
Title of 12(b) Security | American Depositary Shares |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash and cash equivalents | € 10,193 | € 10,155 |
Financial assets at fair value through profit or loss | 6,782 | 8,251 |
Other current financial assets | 896 | 1,504 |
Trade and other receivables | 16,551 | 20,840 |
Inventories | 6,186 | 7,709 |
Income tax receivables | 460 | 317 |
Other current assets | 5,637 | 12,821 |
Current assets | 46,705 | 61,597 |
Non-current assets | ||
Property, plant and equipment | 56,299 | 56,332 |
Right-of-use assets | 4,834 | 4,446 |
Intangible assets | 6,379 | 5,525 |
Inventory - Compulsory stock | 1,576 | 1,786 |
Equity-accounted investments | 12,630 | 12,092 |
Other investments | 1,256 | 1,202 |
Other non-current financial assets | 2,301 | 1,967 |
Deferred tax assets | 4,482 | 4,569 |
Income tax receivables | 142 | 114 |
Other non-current assets | 3,393 | 2,236 |
Non-current assets | 93,292 | 90,269 |
Assets held for sale | 2,609 | 264 |
TOTAL ASSETS | 142,606 | 152,130 |
Current liabilities | ||
Short-term debt | 4,092 | 4,446 |
Current portion of long-term debt | 2,921 | 3,097 |
Current portion of long-term lease liabilities | 1,128 | 884 |
Trade and other payables | 20,654 | 25,709 |
Income tax payables | 1,685 | 2,108 |
Other current liabilities | 5,579 | 12,473 |
Current liabilities | 36,059 | 48,717 |
Non-current liabilities | ||
Long-term debt | 21,716 | 19,374 |
Long-term lease liabilities | 4,208 | 4,067 |
Provisions | 15,533 | 15,267 |
Provisions for employee benefits | 748 | 786 |
Deferred tax liabilities | 4,702 | 5,094 |
Income tax payables | 38 | 253 |
Other non-current liabilities | 4,096 | 3,234 |
Non-current liabilities | 51,041 | 48,075 |
Liabilities directly associated with assets held for sale | 1,862 | 108 |
TOTAL LIABILITIES | 88,962 | 96,900 |
EQUITY | ||
Share capital | 4,005 | 4,005 |
Retained earnings | 32,988 | 23,455 |
Cumulative currency translation differences | 5,238 | 7,564 |
Other reserves and equity instruments | 8,515 | 8,785 |
Treasury shares | (2,333) | (2,937) |
Profit | 4,771 | 13,887 |
Equity attributable to equity holders of Eni | 53,184 | 54,759 |
Non-controlling interest | 460 | 471 |
TOTAL EQUITY | 53,644 | 55,230 |
TOTAL LIABILITIES AND EQUITY | 142,606 | 152,130 |
Related parties | ||
Current assets | ||
Cash and cash equivalents | 3 | 10 |
Other current financial assets | 19 | 16 |
Trade and other receivables | 1,363 | 2,427 |
Other current assets | 32 | 341 |
Non-current assets | ||
Other non-current financial assets | 1,840 | 1,631 |
Other non-current assets | 168 | 26 |
Current liabilities | ||
Short-term debt | 222 | 307 |
Current portion of long-term debt | 21 | 36 |
Current portion of long-term lease liabilities | 21 | 35 |
Trade and other payables | 4,245 | 3,203 |
Other current liabilities | 62 | 232 |
Non-current liabilities | ||
Long-term debt | 65 | 26 |
Long-term lease liabilities | 6 | 28 |
Other non-current liabilities | € 511 | € 462 |
CONSOLIDATED PROFIT AND LOSS AC
CONSOLIDATED PROFIT AND LOSS ACCOUNT - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement | |||
Sales from operations | € 93,717 | € 132,512 | € 76,575 |
Other income and revenues | 1,099 | 1,175 | 1,196 |
REVENUES AND OTHER INCOME | 94,816 | 133,687 | 77,771 |
Purchases, services and other | (73,836) | (102,529) | (55,549) |
Net (impairments) reversals of trade and other receivables | (249) | 47 | (279) |
Payroll and related costs | (3,136) | (3,015) | (2,888) |
Other operating income (expense) | 478 | (1,736) | 903 |
Depreciation and amortization | (7,479) | (7,205) | (7,063) |
Net (impairments) reversals of tangible, intangible and right-of-use assets | (1,802) | (1,140) | (167) |
Write-off of tangible and intangible assets | (535) | (599) | (387) |
OPERATING PROFIT (LOSS) | 8,257 | 17,510 | 12,341 |
Finance income | 7,417 | 8,450 | 3,723 |
Finance expense | (8,113) | (9,333) | (4,216) |
Net finance income (expense) from financial assets at fair value through profit or loss | 284 | (55) | 11 |
Derivative financial instruments | (61) | 13 | (306) |
FINANCE INCOME (EXPENSE) | (473) | (925) | (788) |
Share of profit (loss) from equity-accounted investments | 1,336 | 1,841 | (1,091) |
Other gain (loss) from investments | 1,108 | 3,623 | 223 |
INCOME (EXPENSE) FROM INVESTMENTS | 2,444 | 5,464 | (868) |
PROFIT (LOSS) BEFORE INCOME TAXES | 10,228 | 22,049 | 10,685 |
Income taxes | (5,368) | (8,088) | (4,845) |
PROFIT (LOSS) | 4,860 | 13,961 | 5,840 |
Attributable to Eni | 4,771 | 13,887 | 5,821 |
Attributable to non-controlling interest | € 89 | € 74 | € 19 |
Earnings per share (€ per share) | |||
Basic | € 1.41 | € 3.96 | € 1.61 |
Diluted | € 1.4 | € 3.95 | € 1.6 |
Related parties | |||
Statement | |||
Sales from operations | € 4,322 | € 10,872 | € 3,000 |
Other income and revenues | 156 | 156 | 52 |
Purchases, services and other | (15,885) | (15,327) | (8,644) |
Net (impairments) reversals of trade and other receivables | 5 | (2) | (6) |
Payroll and related costs | (8) | (18) | (21) |
Other operating income (expense) | 17 | 3,306 | 735 |
Finance income | 155 | 160 | 79 |
Finance expense | (28) | (164) | € (46) |
Derivative financial instruments | 1 | 2 | |
Other gain (loss) from investments | € 445 | € 30 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Profit (loss) | € 4,860 | € 13,961 | € 5,840 |
Items that are not reclassified to profit or loss in later periods | |||
Remeasurements of defined benefit plans | (31) | 60 | 119 |
Share of other comprehensive income (loss) on equity-accounted investments | (2) | 3 | 2 |
Change of minor investments measured at fair value with effects to OCI | 45 | 56 | 105 |
Tax effect | 10 | (5) | (77) |
Total items that are not reclassified to profit or loss in later periods, net of tax | 22 | 114 | 149 |
Items that may be reclassified to profit or loss in later periods | |||
Currency translation differences | (2,010) | 1,095 | 2,828 |
Change in the fair value of cash flow hedging derivatives | 541 | 794 | (1,264) |
Share of other comprehensive income (loss) on equity-accounted investments | 54 | (12) | (34) |
Tax effect | (158) | (234) | 372 |
Total items that may be reclassified to profit or loss in later periods, net of tax | (1,573) | 1,643 | 1,902 |
Total other items of comprehensive income (loss) | (1,551) | 1,757 | 2,051 |
Total comprehensive income (loss) | 3,309 | 15,718 | 7,891 |
Attributable to Eni | 3,220 | 15,643 | 7,872 |
Attributable to non-controlling interest | € 89 | € 75 | € 19 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - EUR (€) € in Millions | Total | Share capital | Retained earnings | Cumulative currency translation differences | Other reserves and equity instruments | Treasury shares | Profit (loss) for the year | Total | Non-controlling interests |
Balance at Dec. 31, 2020 | € 37,493 | € 4,005 | € 34,043 | € 3,895 | € 4,688 | € (581) | € (8,635) | € 37,415 | € 78 |
Profit for the year | 5,840 | 5,821 | 5,821 | 19 | |||||
Items that are not reclassified to profit or loss in later periods | |||||||||
Remeasurements of defined benefit plans net of tax effect | 42 | 42 | 42 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments related to benefit plans remeasurements | 2 | 2 | 2 | ||||||
Change of minor investments measured at fair value with effects to OCI | 105 | 105 | 105 | ||||||
Items that are not reclassified to profit or loss in later periods | 149 | 149 | 149 | ||||||
Items that may be reclassified to profit or loss in later periods | |||||||||
Currency translation differences | 2,828 | 2,828 | 2,828 | ||||||
Change in the fair value of cash flow hedge derivatives net of tax effect | (892) | (892) | (892) | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | (34) | (34) | (34) | ||||||
Items that may be reclassified to profit or loss in later periods | 1,902 | 2,828 | (926) | 1,902 | |||||
Total comprehensive income (loss) of the year | 7,891 | 2,828 | (777) | 5,821 | 7,872 | 19 | |||
Dividend distribution of Eni SpA | (857) | 429 | (1,286) | (857) | |||||
Interim dividend distribution of Eni SpA | (1,533) | (1,533) | (1,533) | ||||||
Dividend distribution of other companies | (5) | (5) | |||||||
Allocation of profit (loss) | (9,921) | 9,921 | |||||||
Purchase of treasury shares | (400) | (400) | 400 | (400) | (400) | ||||
Long-term share-based incentive plan | 16 | 16 | (23) | 23 | 16 | ||||
Increase in non-controlling interest relating to acquisition of consolidated entities | (11) | (11) | |||||||
Issue of perpetual subordinated bonds | 2,000 | 2,000 | 2,000 | ||||||
Coupon payment on perpetual subordinated bonds | (61) | (61) | (61) | ||||||
Transactions with holders of equity instruments | (851) | (11,470) | 2,377 | (377) | 8,635 | (835) | (16) | ||
Costs for the issue of perpetual subordinated bonds | (15) | (15) | (15) | ||||||
Other changes | 1 | 192 | (193) | 1 | 1 | ||||
Other changes in equity | (14) | 177 | (193) | 1 | (15) | 1 | |||
Balance at Dec. 31, 2021 | 44,519 | 4,005 | 22,750 | 6,530 | 6,289 | (958) | 5,821 | 44,437 | 82 |
Profit for the year | 13,961 | 13,887 | 13,887 | 74 | |||||
Items that are not reclassified to profit or loss in later periods | |||||||||
Remeasurements of defined benefit plans net of tax effect | 55 | 55 | 55 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments related to benefit plans remeasurements | 3 | 3 | 3 | ||||||
Change of minor investments measured at fair value with effects to OCI | 56 | 56 | 56 | ||||||
Items that are not reclassified to profit or loss in later periods | 114 | 114 | 114 | ||||||
Items that may be reclassified to profit or loss in later periods | |||||||||
Currency translation differences | 1,095 | 1,093 | 1 | 1,094 | 1 | ||||
Change in the fair value of cash flow hedge derivatives net of tax effect | 560 | 560 | 560 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | (12) | (12) | (12) | ||||||
Items that may be reclassified to profit or loss in later periods | 1,643 | 1,093 | 549 | 1,642 | 1 | ||||
Total comprehensive income (loss) of the year | 15,718 | 1,093 | 663 | 13,887 | 15,643 | 75 | |||
Dividend distribution of Eni SpA | (1,522) | (1,522) | (1,522) | ||||||
Interim dividend distribution of Eni SpA | (1,500) | (1,500) | (1,500) | ||||||
Dividend distribution of other companies | (60) | (60) | |||||||
Allocation of profit (loss) | 4,299 | (4,299) | |||||||
Capital contribution by non-controlling interests | 92 | 92 | |||||||
Purchase of treasury shares | (2,400) | (2,400) | 2,400 | (2,400) | (2,400) | ||||
Cancellation of treasury shares | (400) | 400 | |||||||
Long-term share-based incentive plan | 18 | 18 | (21) | 21 | 18 | ||||
Coupon payment on perpetual subordinated bonds | (138) | (138) | (138) | ||||||
Change in non‐controlling interest | 477 | 196 | 196 | 281 | |||||
Transactions with holders of equity instruments | (5,033) | 475 | 1,979 | (1,979) | (5,821) | (5,346) | 313 | ||
Other changes | 26 | 230 | (59) | (146) | 25 | 1 | |||
Other changes in equity | 26 | 230 | (59) | (146) | 25 | 1 | |||
Balance at Dec. 31, 2022 | 55,230 | 4,005 | 23,455 | 7,564 | 8,785 | (2,937) | 13,887 | 54,759 | 471 |
Profit for the year | 4,860 | 4,771 | 4,771 | 89 | |||||
Items that are not reclassified to profit or loss in later periods | |||||||||
Remeasurements of defined benefit plans net of tax effect | (21) | (21) | (21) | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments related to benefit plans remeasurements | (2) | (2) | (2) | ||||||
Change of minor investments measured at fair value with effects to OCI | 45 | 45 | 45 | ||||||
Items that are not reclassified to profit or loss in later periods | 22 | 22 | 22 | ||||||
Items that may be reclassified to profit or loss in later periods | |||||||||
Currency translation differences | (2,010) | (2,001) | (9) | (2,010) | |||||
Change in the fair value of cash flow hedge derivatives net of tax effect | 383 | 383 | 383 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | 54 | 54 | 54 | ||||||
Items that may be reclassified to profit or loss in later periods | (1,573) | (2,001) | 428 | (1,573) | |||||
Total comprehensive income (loss) of the year | 3,309 | (2,001) | 450 | 4,771 | 3,220 | 89 | |||
Dividend distribution of Eni SpA | (3,005) | (3,005) | (3,005) | ||||||
Dividend distribution of other companies | (36) | (36) | |||||||
Allocation of profit (loss) | 13,887 | (13,887) | |||||||
Reimbursement to non-controlling interests | (16) | (16) | |||||||
Purchase of treasury shares | (1,837) | (1,837) | 1,837 | (1,837) | (1,837) | ||||
Cancellation of treasury shares | 2,400 | (2,400) | 2,400 | ||||||
Long-term share-based incentive plan | 20 | 20 | (41) | 41 | 20 | ||||
Coupon payment on perpetual subordinated bonds | (138) | (138) | (138) | ||||||
Change in non‐controlling interest | 47 | 47 | (47) | ||||||
Transactions with holders of equity instruments | (5,012) | 8,974 | (604) | 604 | (13,887) | (4,913) | (99) | ||
Effect of the issue of convertible bonds | 79 | 79 | 79 | ||||||
Other changes | 38 | 559 | (325) | (195) | 39 | (1) | |||
Other changes in equity | 117 | 559 | (325) | (116) | 118 | (1) | |||
Balance at Dec. 31, 2023 | € 53,644 | € 4,005 | € 32,988 | € 5,238 | € 8,515 | € (2,333) | € 4,771 | € 53,184 | € 460 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||||
Statement | ||||||
Profit (loss) | € 4,860 | € 13,961 | € 5,840 | |||
Adjustments to reconcile profit (loss) to net cash provided by operating activities | ||||||
Depreciation and amortization | 7,479 | 7,205 | 7,063 | |||
Net Impairments (reversals) of tangible, intangible and right-of-use assets | 1,802 | 1,140 | 167 | |||
Write-off of tangible and intangible assets | 535 | 599 | 387 | |||
Share of (profit) loss of equity-accounted investments | (1,336) | (1,841) | 1,091 | |||
Net gain on disposal of assets | (441) | (524) | (102) | |||
Dividend income | (255) | (351) | (230) | |||
Interest income | (517) | (159) | (75) | |||
Interest expense | 1,000 | 1,033 | 794 | |||
Income taxes | 5,368 | 8,088 | 4,845 | |||
Other changes | (700) | (2,773) | (194) | |||
Cash flow from changes in working capital: | 1,811 | (1,279) | (3,146) | |||
- inventories | 1,792 | (2,528) | (2,033) | |||
- trade receivables | 3,322 | (1,036) | (7,888) | |||
- trade payables | (4,823) | 2,284 | 7,744 | |||
- provisions | 97 | 2,028 | (406) | |||
- other assets and liabilities | 1,423 | (2,027) | (563) | |||
Change in the provisions for employee benefits | 1 | 39 | 54 | |||
Dividends received | 2,255 | 1,545 | 857 | |||
Interest received | 459 | 116 | 28 | |||
Interest paid | (919) | (851) | (792) | |||
Income taxes paid, net of tax receivables received | (6,283) | (8,488) | (3,726) | |||
Net cash provided by operating activities | 15,119 | 17,460 | 12,861 | |||
Cash flow from investing activities | (12,404) | (10,793) | (7,815) | |||
- tangible assets | (8,739) | (7,700) | (4,950) | |||
- prepaid right-of-use assets | (3) | (2) | ||||
- intangible assets | (476) | (356) | (284) | |||
- consolidated subsidiaries and businesses net of cash and cash equivalents acquired | (1,277) | (1,636) | (1,901) | |||
- investments | (1,315) | (1,675) | (837) | |||
- securities and financing receivables held for operating purposes | (388) | (350) | (227) | |||
- change in payables in relation to investing activities | (209) | 927 | 386 | |||
Cash flow from disposals | 845 | 2,989 | 536 | |||
- tangible assets | 122 | 149 | 207 | |||
- intangible assets | 32 | 17 | 1 | |||
- consolidated subsidiaries and businesses net of cash and cash equivalents disposed of | 395 | (60) | 76 | |||
- tax on disposals | (35) | |||||
- investments | 47 | 1,096 | 155 | |||
- securities and financing receivables held for operating purposes | 32 | 483 | 141 | |||
- change in receivables in relation to disposals | 217 | 1,304 | (9) | |||
Net change in securities and financing receivables held for non-operating purposes | 2,194 | 786 | (4,743) | |||
Net cash used in investing activities | (9,365) | (7,018) | (12,022) | |||
Increase in long-term financial debt | 4,971 | 130 | 3,556 | |||
Repayments of long-term financial debt | (3,161) | (4,074) | (2,890) | |||
Payments of lease liabilities | (963) | (994) | (939) | |||
Increase (decrease) in short-term financial debt | (1,495) | 1,375 | (910) | |||
Dividends paid to Eni's shareholders | (3,046) | (3,009) | (2,358) | |||
Dividends paid to non-controlling interest | (36) | (60) | (5) | |||
Capital contribution by non-controlling interests | (16) | 92 | ||||
Sale (purchase) of additional interests in consolidated subsidiaries | (60) | 536 | (17) | |||
Purchase of treasury shares | (1,803) | (2,400) | (400) | |||
Issuing effect of convertible bonds | 79 | |||||
Issue of perpetual subordinated bonds | 1,985 | |||||
Coupon payment on perpetual subordinated bonds | (138) | (138) | (61) | |||
Net cash used in financing activities | (5,668) | (8,542) | (2,039) | |||
Effect of exchange rate changes and other changes on cash and cash equivalents | (62) | 16 | 52 | |||
Net increase (decrease) in cash and cash equivalents | 24 | 1,916 | (1,148) | |||
Cash and cash equivalents - beginning of the year | 10,181 | [1] | 8,265 | [1] | 9,413 | |
Cash and cash equivalents - end of the year | [1] | 10,205 | 10,181 | 8,265 | ||
Related parties | ||||||
Adjustments to reconcile profit (loss) to net cash provided by operating activities | ||||||
Net cash provided by operating activities | (7,011) | 223 | (4,331) | |||
Net cash used in investing activities | (1,695) | (32) | (976) | |||
Net cash used in financing activities | (162) | (88) | (13) | |||
Effect of exchange rate changes and other changes on cash and cash equivalents | (7) | 8 | 2 | |||
Net increase (decrease) in cash and cash equivalents | € (8,875) | € 111 | € (5,318) | |||
[1]As of December 31, 2023, cash and cash equivalents included €12 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item "Assets held for sale" (€26 million at December 31, 2022). |
CONSOLIDATED STATEMENT OF CAS_2
CONSOLIDATED STATEMENT OF CASH FLOWS (Parenthetical) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
CONSOLIDATED STATEMENT OF CASH FLOWS | ||
Cash and cash equivalents classified as part of disposal group held for sale | € 12 | € 26 |
Significant accounting policies
Significant accounting policies, estimates and judgements | 12 Months Ended |
Dec. 31, 2023 | |
Significant accounting policies, estimates and judgements | |
Significant accounting policies, estimates and judgements | 1 Significant accounting policies, estimates and judgments Basis of preparation The Consolidated Financial Statements of Eni SpA and its subsidiaries (collectively referred to as Eni or the Group) have been prepared on a going concern basis in accordance with International Financial Reporting Standards (IFRS) 1 The Consolidated Financial Statements have been prepared under the historical cost convention, taking into account, where appropriate, value adjustments, except for certain items that under IFRSs must be measured at fair value as described in the accounting policies that follow. The principles of consolidation and the significant accounting policies that follow have been consistently applied to all years presented, except where otherwise indicated. The 2023 The Consolidated Financial Statements are presented in euros and all values are rounded to the nearest million euros (€ million), except where otherwise indicated. Significant accounting estimates and judgements The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognised in the financial statements, as well as amounts included in the notes thereto, including disclosure of contingent assets and contingent liabilities. Estimates made are based on complex judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant judgments and estimates to be used in the preparation of the Consolidated Financial Statements are in relation to the accounting for oil and natural gas activities, specifically in the determination of reserves, impairment of financial and non-financial assets, leases, decommissioning and restoration liabilities, environmental liabilities, business combinations, employee benefits, revenue from contracts with customers, fair value measurements and income taxes. Although the Company uses its best estimates and judgements, actual results could differ from the estimates and assumptions used. The accounting estimates and judgments relevant for the preparation of the Consolidated Financial Statement are illustrated in the description of the respective accounting policy. Significant accounting estimates and judgments made in assessing the impacts of climate-related risks Significant accounting estimates and judgments made by management for the preparation of the 2023 The Eni strategy towards Carbon Neutrality, in line with the provisions of the scenarios compatible with maintaining global warming within the 1.5 1 Such scenarios represent the basis for significant estimates and judgments relating to: (i) the assessment of the intention to continue exploration projects; (ii) the assessment of the recoverability of non-current assets and credit exposures towards National Oil Companies; (iii) the definition of useful lives and residual values of fixed assets; (iv) impacts on provisions (e.g. the anticipation of the expected timing of decommissioning and restoration costs). Principles of consolidation Subsidiaries The Consolidated Financial Statements comprise the financial statements of the parent Company Eni SpA and those of its subsidiaries, being those entities over which the Company has control, either directly or indirectly, through exposure or rights to their variable returns and the ability to affect those returns through its power over the investees. Subsidiaries are consolidated, on the basis of consistent accounting policies, from the date on which control is obtained until the date that control ceases. Assets, liabilities, income and expenses of consolidated subsidiaries are fully recognised with those of the parent in the Consolidated Financial Statements, taking into account the appropriate eliminations of intragroup transactions (see the accounting policy for “Intragroup transactions”); the parent’s investment in each subsidiary is eliminated against the corresponding parent’s portion of equity of each subsidiary. Non-controlling interests are presented separately on the balance sheet within equity; the profit or loss and comprehensive income attributable to non-controlling interests are presented in specific line items, respectively, in the profit and loss account and in the statement of comprehensive income. Taking into account the lack of any material 2 3 When the proportion of the equity held by non-controlling interests changes, any difference between the consideration paid/received and the amount by which the related non-controlling interests are adjusted is attributed to Eni owners’ equity (within the line item “Retained earnings”). Conversely, the sale of equity interests with loss of control determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred net assets; (ii) any gain or loss recognised as a result of the remeasurement of any investment retained in the former subsidiary at its fair value; (iii) the estimate of fair value of any contingent consideration, to be settled in cash if specified future events occur or conditions are met; and (iv) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 4 2 3 4 Interests in joint arrangements Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Investments in joint ventures are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have enforceable rights to the assets, and enforceable obligations for the liabilities, relating to the arrangement; in the Consolidated Financial Statements, Eni recognises its share of the assets/liabilities and revenues/expenses of joint operations on the basis of its rights and obligations relating to the arrangements. After the initial recognition, the assets/liabilities and revenues/expenses of the joint operations are measured in accordance with the applicable measurement criteria. Immaterial joint operations structured through a separate vehicle are accounted for using the equity method or, if this does not result in a misrepresentation of the Company’s financial position and performance, at cost less any impairment losses. Investments in joint venture, previously classified as joint operations are measured on the date of change in the classification of the joint arrangement at the net amount of the carrying amounts of the assets and liabilities that Eni had previously recognised, line by line, on the basis of its rights and obligations relating to the arrangement. Investments in associates An associate is an entity over which Eni has significant influence, that is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies. Investments in associates are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. The equity method of accounting Investments in joint ventures, associates and immaterial unconsolidated subsidiaries, are accounted for using the equity method. 5 Under the equity method, investments are initially recognised at cost 6 one 5 6 investee , the investee and the fair value of any consideration trans Whenever there is objective evidence of impairment (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the , .), the carrying amount of the net investment, resulting from the application of the abovementioned measurement criteria, is tested for impairment by comparing it with the related recoverable amount, determined by adopting the criteria indicated in the accounting policy for “Impairment of non-financial assets”. When an impairment loss no longer exists or has decreased, any reversal of the impairment loss is in the profit and loss account within “Income (Expense) from investments”. The impairment reversal of the net investment shall not exceed the previously impairment losses. The sale of equity interests with loss of joint control or significant influence over the determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss as a result of the of any investment retained in the former joint venture/associate at its fair value 7 ; and (iii) any amount related to the former joint venture/associate previously in other comprehensive income which may be reclassified subsequently to the profit and loss account 8 . Any investment retained in the former joint venture/associate is at its fair value at the date when joint control or significant influence is lost and shall be accounted for in accordance with the applicable measurement criteria. Business combinations Business combinations are accounted for by applying the acquisition method. The consideration transferred in a business combination is the sum of the acquisition-date fair value of the assets transferred, the liabilities incurred and the equity interests issued by the acquirer. The consideration transferred includes also the fair value of any assets or liabilities resulting from contingent considerations, contractually agreed and dependent upon the occurrence of specified future events. Acquisition-related costs are accounted for as expenses. The acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 9 Any non-controlling interests are measured as the proportionate share in the recognised amounts of the acquiree’s identifiable net assets at the acquisition date excluding the portion of goodwill attributable to them (partial goodwill method). In a business combination achieved in stages, the purchase price is determined by summing the acquisition-date fair value of previously held equity interests in the acquiree and the consideration transferred for obtaining control; the previously held equity interests are remeasured at their acquisition-date fair value and the resulting gain or loss, if any, is recognised in the profit and loss account. Furthermore, on obtaining control, any amount recognised in other comprehensive income related to the previously held equity interests is reclassified to the profit and loss account, or in another item of equity when such amount may not be reclassified to the profit and loss account. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the provisional amounts recognised at the acquisition date shall be retrospectively adjusted within one The acquisition of interests in a joint operation whose activity constitutes a business is accounted for applying the principles on business combinations accounting. In this regard, if the entity obtains control over a business that was a joint operation, the previously held interest in the joint operation is remeasured at the acquisition-date fair value and the resulting gain or loss is recognized in the profit and loss account. 10 7 8 9 10 the entity acquires additional interests in a joint operation that is a business, while retaining joint control, the previously held interest in the joint operation is not . Significant accounting estimates and judgments: investments and business combinations The assessment of the existence of control, joint control, significant influence over an investee, as well as for joint operations, the assessment of the existence of enforceable rights to the investee’s assets and enforceable obligations for the investee’s liabilities imply that management makes complex judgments on the basis of the characteristics of the investee’s structure, arrangements between parties and other relevant facts and circumstances. Significant accounting estimates by management are required also for measuring the identifiable assets acquired and the liabilities assumed in a business combination at their acquisition-date fair values. For such measurement, to be performed also for the application of the equity method, Eni adopts the valuation techniques generally used by market participants taking into account the available information; for the most significant acquisitions, Eni engages external independent evaluators. Intragroup transactions All balances and transactions between consolidated companies, and not yet realised with third parties, including unrealised profits arising from such transactions have been eliminated 11 Unrealised profits arising from transactions between the Group and its equity-accounted entities are eliminated to the extent of the Group’s interest in the equity-accounted entity; such accounting treatment is applied also for transfer of businesses to equity-accounted entities (so-called downstream transactions). In both cases, the unrealised losses are not eliminated as the transaction provides evidence of an impairment loss of the asset transferred. Foreign currency translation The financial statements of foreign operations having a functional currency other than the euro, that represents the parent’s functional currency as well as the presentation currency of the Consolidated Financial Statements, are translated into euros using the spot exchange rates on the balance sheet date for assets and liabilities, historical exchange rates for equity and average exchange rates for the profit and loss account and the statement of cash flows. The cumulative resulting exchange differences are presented in the separate component of Eni owners’ equity “Cumulative currency translation differences” 12 The financial statements of foreign operations which are translated into euros are denominated in the foreign operations’ functional currencies which generally is the U.S. dollar. 11 12 The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: (currency amount for 1 Annual average exchange rate 2023 Exchange rate at December 31, 2023 Annual average exchange rate 2022 Exchange rate at December 31, 2022 Annual average exchange rate 2021 Exchange rate at December 31, 2021 U.S. Dollar 1.08 1.11 1.05 1.07 1.18 1.13 Pound Sterling 0.87 0.87 0.85 0.89 0.86 0.84 Australian Dollar 1.63 1.63 1.52 1.57 1.57 1.56 Material accounting policies The material accounting policies used in the preparation of the Consolidated Financial Statements are described below. Oil and natural gas exploration, appraisal, development and production activities Oil and natural gas exploration, appraisal and development activities are accounted for using the principles of the successful efforts method of accounting as described below. Acquisition of exploration rights Costs incurred for the acquisition of exploration rights (or their extension) are initially capitalised within the line item “Intangible assets” as “exploration rights — unproved” pending determination of whether the exploration and appraisal activities in the reference areas are successful or not. Unproved exploration rights are not amortised, but reviewed to confirm that there is no indication that the carrying amount exceeds the recoverable amount. This review is based on the confirmation of the commitment of the Company to continue the exploration activities and on the analysis of facts and circumstances that indicate the absence of uncertainties related to the recoverability of the carrying amount. If no future activity is planned, the carrying amount of the related exploration rights is recognised in the profit and loss account as write-off. Lower value exploration rights are pooled and amortised on a straight-line basis over the estimated period of exploration. In the event of a discovery of proved reserves (i.e. upon recognition of proved reserves and internal approval for development), the carrying amount of the related unproved exploration rights is reclassified to “proved exploration rights”, within the line item “Intangible assets”. Upon reclassification, as well as whether there is any indication of impairment, the carrying amount of exploration rights to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration rights are amortised according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortisation”). Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalised in connection with the assets acquired (such as exploration potential, possible and probable reserves and proved reserves). When the acquisition is related to a set of exploration potential and reserves, the cost is allocated to the different assets acquired based on their expected discounted cash flows. Acquired exploration potential is measured in accordance with the criteria illustrated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortised according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortised until classified as proved reserves; in case of a negative result of the subsequent appraisal activities, it is written off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognised as an expense as incurred. Costs directly associated with an exploration well are initially recognised within tangible assets in progress, as “exploration and appraisal costs — unproved” (exploration wells in progress) until the drilling of the well is completed and can continue to be capitalised in the following 12-month period pending the evaluation of drilling results (suspended exploration wells). If, at the end of this period, it is ascertained that the result is negative (no hydrocarbon found) or that the discovery is not sufficiently significant to justify the development, the wells are declared dry/unsuccessful and the related costs are written-off. Conversely, these costs continue to be capitalised if and until: (i) the well has found a sufficient quantity of reserves to justify its completion as a producing well, and (ii) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project; on the contrary, the capitalised costs are recognised in the profit and loss account as write-off. Analogous recognition criteria are adopted for the costs related to the appraisal activity. When proved reserves of oil and/or natural gas are determined, the relevant expenditure recognised as unproved is reclassified to proved exploration and appraisal costs within tangible assets in progress. Upon reclassification, or when there is any indication of impairment, the carrying amount of the costs to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration and appraisal costs are depreciated according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Development costs Development costs, including the costs related to unsuccessful and damaged development wells, are capitalised as “Tangible asset in progress — proved”. Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas. They are amortised, from the commencement of production, generally on a UOP basis. When development projects are unfeasible/not carried on, the related costs are written off when it is decided to abandon the project. Development costs are tested for impairment in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. UOP depreciation, depletion and amortisation Proved oil and gas assets are depreciated generally under the UOP method, as their useful life is closely related to the availability of proved oil and gas reserves, by applying, to the depreciable amounts at the end of each quarter a rate representing the ratio between the volumes extracted during the quarter and the reserves existing at the end of the quarter, increased by the volumes extracted during the quarter. This method is applied with reference to the smallest aggregate representing a direct correlation between expenditures to be depreciated and oil and gas reserves. Proved exploration rights and acquired proved mineral interests are amortised over proved reserves; proved exploration and appraisal costs and development costs are depreciated over proved developed reserves, while common facilities are depreciated over total proved reserves. Proved reserves are determined according to U.S. SEC rules that require the use of the yearly average oil and gas prices for assessing the economic producibility; material changes in reference prices could result in depreciation charges not reflecting the pattern in which the assets’ future economic benefits are expected to be consumed to the extent that, for example, certain non-current assets would be fully depreciated within a short term. In these cases the reserves considered in determining the UOP rate are estimated on the basis of economic viability parameters, reasonable and consistent with management’s expectations of production, in order to recognise depreciation charges that more appropriately reflect the expected utilization of the assets concerned. Production costs Production costs are those costs incurred to operate and maintain wells and field equipment and are recognised as an expense as incurred. Production Sharing Agreements and service contracts Oil and gas reserves related to Production Sharing Agreements are determined on the basis of contractual terms related to the recovery of the contractor’s costs to undertake and finance exploration, development and production activities at its own risk (Cost Oil) and the Company’s stipulated share of the production remaining after such cost recovery (Profit Oil). Revenues from the sale of the lifted production, against both Cost Oil and Profit Oil, are accounted for on an accrual basis, whilst exploration, development and production costs are accounted for according to the above-mentioned accounting policies. A similar scheme applies to the service contracts where the Group is entitled to a share of the production as consideration for the rendered service. The Company’s share of production volumes and reserves includes the share of hydrocarbons that corresponds to the taxes to be paid, according to the contractual agreement, by the national government on behalf of the Company. As a consequence, the Company has to recognise at the same time an increase in the taxable profit, through the increase of the revenue, and a tax expense. Plugging and abandonment of wells Costs expected to be incurred with respect to the plugging and abandonment of a well, dismantlement and removal of production facilities, as well as site restoration, are capitalised, consistent with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Significant accounting estimates and judgments: oil and natural gas activities Engineering estimates of the Company’s oil and gas reserves are inherently uncertain. Proved reserves are the estimated volumes of crude oil, natural gas and gas condensates, liquids and associated substances which geological and engineering data demonstrate that can be economically producible with reasonable certainty from known reservoirs under existing economic conditions and operating methods. Although there are authoritative guidelines regarding the engineering and geological criteria that must be met before estimated oil and gas reserves can be categorised as “proved”, the accuracy of reserve estimates depends on a number of factors, assumptions and variables, including: (i) the quality of available geological, technical and economic data and their interpretation and judgment; (ii) projections regarding future rates of production and operating costs and development costs; (iii) changes in the prevailing tax rules, other government regulations and contractual conditions; (iv) results of drilling, testing and the actual production performance of the Company’s reservoirs after the date of the estimates which may drive substantial upward or downward revisions; and (v) changes in oil and natural gas commodity prices which could affect expected future cash flows and the quantities of the Company’s proved reserves since the estimates of reserves are based on prices and costs existing as of the date when these estimates are made. Lower oil prices or the projections of higher operating and development costs may impair the ability of the Company to economically produce reserves leading to downward reserve revisions. Many of the factors, assumptions and variables involved in estimating proved reserves are subject to change over time and therefore affect the estimates of oil and natural gas reserves. Similar uncertanties concern unproved reserves. The determination of whether potentially economic oil and natural gas reserves have been discovered by an exploration well is made within a year after well completion. The evaluation process of a discovery, which requires performing additional appraisal activities on the potential oil and natural gas field and establishing the optimum development plans, can take longer, in most cases, depending on the complexity of the project and on the size of capital expenditures required. During this period, the costs related to these exploration wells remain suspended on the balance sheet. In any case, all such capitalised costs are reviewed, at least, on an annual basis to confirm the continued intent to develop, or otherwise to extract value from the discovery. Field reserves will be categorised as proved only when all the criteria for attribution of proved status have been met. Proved reserves can be classified as developed or undeveloped. Volumes are classified into proved developed reserves as a consequence of development activity. Generally, reserves are booked as proved developed at the start of production. Major development projects typically take one four Estimated proved reserves are used in determining depreciation, amortisation and depletion charges (see the accounting policy for “UOP depreciation, depletion and amortisation”) judgment. Assuming all other variables are held constant, an increase in estimated proved developed reserves for each field decreases depreciation, amortisation and depletion charge under the UOP method. Conversely, a decrease in estimated proved developed reserves increases depreciation, amortisation and depletion charge. Property, plant and equipment Property, plant and equipment, including investment properties, are recognized using the cost model and initially stated at their purchase price or construction cost including any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management 13 For assets that necessarily take a substantial period of time to get ready for their intended use, the purchase price or construction cost comprises the borrowing costs incurred in the period to get the asset ready for use that would have been avoided if the expenditure had not been made. In the case of a present obligation for dismantling and removal of assets and restoration of sites, the initial carrying amount of an item of property, plant and equipment includes the estimated (discounted) costs to be incurred when the removal event occurs; a corresponding amount is recognised as part of a specific provision (see the accounting policy for “Decommissioning and restoration liabilities”). Analogous approach is adopted for present obligations to realise social projects in oil and gas development areas. Property, plant and equipment are not revalued for financial reporting purposes. Expenditures on upgrading, revamping and reconversion are recognised as items of property, plant and equipment when it is probable that they will increase the expected future economic benefits of the asset. Assets acquired for safety or environmental reasons, although not directly increasing the future economic benefits of any particular existing item of property, plant and equipment, qualify for recognition as assets when they are necessary for running the business. 13 Depreciation of tangible assets begins when they are available for use, i.e. when they are in the location and condition necessary for it to be capable of operating as planned. Property, plant and equipment are depreciated on a systematic basis over their useful life. The useful life is the period over which an asset is expected to be available for use by the Company. When tangible assets are composed of more than one significant part with different useful lives, each part is depreciated separately. The depreciable amount is the asset’s carrying amount less its residual value at the end of its useful life, if it is significant and can be reasonably determined. Land is not depreciated, even when acquired together with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). Changes in the asset's useful life, in its residual value or in the pattern of consumption of the future economic benefits embodied in the asset, are accounted for prospectively. Assets to be handed over for no consideration are depreciated over the shorter term between the duration of the concession or the asset’s useful life. Replacement costs of identifiable parts in complex assets are capitalised and depreciated over their useful life; the residual carrying amount of the part that has been substituted is charged to the profit and loss account. Non-removable leasehold improvements are depreciated over the earlier of the useful life of the improvements and the lease term. Expenditures for ordinary maintenance and repairs, other than replacements of identifiable components, which reintegrate, and do not increase the performance of the assets, are recognised as an expense as incurred. The carrying amount of property, plant and equipment is derecognised on disposal or when no future economic benefits are expected from its use or disposal; the arising gain or loss is recognized in the profit and loss account. Leases 14 A contract is, or contains, a lease, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration 15 At the commencement date of the lease (i.e. the date on which the underlying asset is available for use), a lessee recognises on the balance sheet an asset representing its right to use the underlying leased asset (hereinafter also referred as right-of-use asset) and a liability representing its obligation to make lease payments during the lease term (hereinafter also referred as lease liability). 16 14 As expressly provided for in IFRS 16 this accounting policy does not apply to leases to explore for and extract resources such as those for oil and gas rights, leases of land and any rights of way related to oil and gas activities. 15 The assessment of whether the contract is, or contains, a lease is performed at the inception date, that is the earlier of the date of a lease agreement and the date of commitment by the parties to the principal terms and conditions of the lease. 16 Eni applies the recognition exemptions allowed for short-term leases (for certain classes of underlying assets) and low-value leases, by recognising the lease payments associated with those leases as an expense on a straight-line ba |
Primary financial statements
Primary financial statements | 12 Months Ended |
Dec. 31, 2023 | |
Primary financial statements | |
Primary financial statements | 2 Primary financial statements Assets and liabilities on the balance sheet are classified as current and non-current. Items in the profit and loss account are presented by nature. The balance sheet and the profit and loss account are the same of the ones used in the previous reporting period . The statement of comprehensive income (loss) shows net profit integrated with income and expenses that are not recognised directly in the profit and loss account according to IFRSs. The statement of changes in equity includes the total comprehensive income (loss) for the year, transactions with owners in their capacity as owners and other changes in equity. The statement of cash flows is presented using the indirect method, whereby net profit (loss) is adjusted for the effects of non-cash transactions. |
Changes in accounting policies
Changes in accounting policies | 12 Months Ended |
Dec. 31, 2023 | |
Changes in accounting policies | |
Changes in accounting policies | 3 Changes in accounting policies The amendments to IFRSs, as well as the requirements of IFRS 17 2023 The Italian Legislative Decree No. 209 2023 2022 2523 Two one During the year, analyses, on the basis of current data and prospective assumptions, have been performed to assess any material exposure for the Group to the payment of top-up tax with reference to countries in which the Group operates; at the current stage of the analyses, the Group does not expect significant impacts arising from the requirements of the new tax measures which shall be effective starting from January 1, 2024. On this regard, Eni, for the preparation of 2023 12 Two Two |
IFRSs not yet effective
IFRSs not yet effective | 12 Months Ended |
Dec. 31, 2023 | |
IFRSs not yet effective | |
IFRSs not yet effective | 4 IFRSs not yet effective On January 23, 2020 and on October 31, 2022, respectively, the IASB issued the amendments to IAS 1 On September 22, 2022, the IASB issued the amendments to IFRS 16 On May 25, 2023, the IASB issued the amendments to IAS 7 7 2024 On August 15, 2023, the IASB issued the amendments to IAS 21 2025 Eni is currently reviewing the IFRSs not yet effective in order to determine the likely impact on the Consolidated Financial Statements. |
Business combinations and other
Business combinations and other significant transactions | 12 Months Ended |
Dec. 31, 2023 | |
Business combinations and other significant transactions | |
Business combinations and other significant transactions | 5 Business combinations and other significant transactions Acquisitions In 2023 Plenitude business line On January 30, 2023, Eni purchased the Kellam photovoltaic plant with an installed capacity of 81 MW located in North Texas. The consideration of the transaction amounted to €37 million with assumption of net financial liabilities of €2 million, of which cash and cash equivalents for €1 million. The price allocation of the acquired net assets was made on a provisional basis without recognition of goodwill . On February 9, 2023, Eni acqui red the Spanish company Maristella Directorship SLU, owner of a solar energy project with a capacity of 90 MWp. The consideration of the transaction amounted to €5 million , which were allocated to property, plant and equipment in progress. On May 11, 2023, Eni acqui red two Spanish companies, Wind Hero SLU and Wind Grower SLU, which have the rights to develop two solar energy projects with a capacity of 50 MW each. The consideration of the transaction amounted to €8 million, of which €4 million paid as advance in 2022 On June 21, 2023, Eni acqui red two Spanish companies, HLS Bonete PV SLU and HLS Bonete Topco SLU, which are operating two photovoltaic plant s with a total capacity of 96 MW p. The c onsideration of the transaction amounted to €118 million with assumption of cash and cash equivalents for €22 million. The price allocation of the acquired net assets was made on a provisional basis with recognition of goodwill for € 6 million. On October 5, 2023, Eni acqui red Spanish companies , Boceto Solar SLU, Cornisa Solar SLU e Ladronera Solar SLU , which have the rights to build photovoltaic assets with a total capacity of 150 MW . Construction activities are planned to start shortly. The consideration of the transaction amounted to €25 million, of which €4 million paid as advance in 2021 On October 23 , 2023 red the Spanish company Renopool 1 , owner of a pipeline of solar energy project s with a total capacity of 330 MW in a “R eady to B uild ” status . The consideration of the transaction amounted to € 100 million with assumption of net financial liabilities for € 20 million , of which cash and cash equivalents for €6 million . On December 13, 2023, Eni acquired the Spanish company Armadura Solar SLU, owner of a solar energy project with a capacity of 250 MW. The consideration for the transaction amounted to €24 million, net of advances for €19 million paid before closing of the transaction. On December 13, 2023, Eni acqui red five Spanish compan ies, Almazara Solar SLU, Atlante Solar SLU, Chapitel Solar SLU, Fortaleza Solar SLU and Garita Solar SLU, which have the rights to develop solar energy project with a total capacity of 230 MW. The consideration of the transaction amounted to €26 million, net of advances for € 21 million paid before the closing of the transaction . On December 30, 2023 Plenitude, through its subsidiary Eni New Energy US Inc, signed an agreement with the global leader company in the energy sector EDP Renováveis, SA (“EDPR”) for the acquisition of 80% of three already operational photovoltaic systems located in the United States. In this regard, the Cattlemen (Texas) and Timber Road Blue Harvest (Ohio) parks have a total installed capacity of 0.38 GW of Plenitude’s share. Other minor acquisitions and price adjustment s on 2022 Exploration & Production segment On February 28, 2023, Eni closed the acquisition of the BP business in Algeria, including the two gas-producing concessions “In Amenas” (Eni In Amenas Ltd) and “In Salah” (Eni In Salah Ltd), jointly operated with Sonatrach and Equinor . The consideration of the transaction amounted to €476 million. Price allocation of the net assets acquired was made on a definite basis and without recognition of goodwill, attributing the allocated consideration to tangible assets to unproven and proven mining titles for €40 million for €508 million . On October 2, 2023, Eni farmed in the working interests of Chevron and the operatorship in the Ganal PSC (62%), the Rapak PSC (62%) and the Makassar Straits PSC (72%) blocks in the Kutei Basin, East Kalimantan, offshore Indonesia (Ganal and Rapak) , wh e re Eni already retained a participating interest of 20%. The consideration for the transaction was €188 million, with assumption of net financial assets for €120 million, of which cash and cash equivalents for €122 million. The price allocation of the acquired net assets was made on a definite basis without recognition of goodwill by allocating to tangible assets to unproved mining titles for € 91 million and €13 million to proved property . Chemical s business line On October 18, 2023 Eni closed the acquisition of control of Novamont by purchasing the remaining 64% of the share capital ( already owned by Versalis SpA with a 36% stake ) . The group is engaged in the production of resins and biodegradable plastic s derived from renewable feedstock . The consideration for the purchase of 64% was €404 million, with assumption of net financial liabilities for €207 million, of which cash and cash equivalents for €4 million. The allocation of the purchase price (€404 million) and the fair value of the stake already owned (€227 million) of the acquired net assets was made on a provisional basis with the recognition of goodwill of € 19 million. Balance sheet values at the acquisition date of the business combinations realized in 202 3 are shown in the following table: (€ million) Plenitude business line Exploration & Production segment Chemicals business line Total Cash and cash equivalents 29 122 4 155 Other current assets 5 208 195 408 Current assets 34 330 199 563 Property, plant and equipment 168 652 255 1,075 Goodwill 6 19 25 Deferred tax assets 3 33 36 Other non-current assets 259 91 524 874 Non-current assets 436 743 831 2,010 TOTAL ASSETS 470 1,073 1,030 2,573 Current financial liabilities 1 103 104 Other current liabilities 9 125 184 318 Current liabilities 10 125 287 422 Non-current financial liabilities 32 2 108 142 Provisions 2 86 88 Deferred tax liabilities 13 195 208 Other non-current liabilities 3 1 4 8 Non-current liabilities 50 284 112 446 TOTAL LIABILITIES 60 409 399 868 Equity attributable to Eni 408 664 631 1,703 Non-controlling interest 2 2 TOTAL EQUITY 410 664 631 1,705 TOTAL LIABILITIES AND EQUITY 470 1,073 1,030 2,573 For transactions where the purchase allocations are provisional as of December 31, 202 3 , not all the relevant information has been obtained by the Company in order to finalize related estimates of the fair values of certain assets and liabilities acquired. Information about the definitive purchase price allocation of business combinations made in 202 2 is provided in note 27 Divestments In 202 3 Eni closed the divestment of certain subsidiaries and investments receiving in exchange a cash consideration o f €420 million and an interest in a joint ventures valued at €580 million, also dismissing net financial liabilities for € 180 million, of which cash and cash equivalents of € 25 million . On January 1 0 , 2023 Eni closed the sale to Snam of 49.9% of the equity interest directly and indirectly held in the companies operating two groups of international gas pipelines connecting Algeria to Italy , including an onshore gas pipeline running from the Algeria border to the Tunisian coast (TTPC) and an offshore gas pipelines connecting the Tunisian coast to Italy (TMPC) , re classified to assets held for sale in 2022 . This transaction led to establishing the joint venture SeaCorridor Srl and the consequent derecognition of net assets and liabilities for €331 million, of which net financial assets of €172 million, including cash and cash equivalents for €25 million, the recognition of the investment in SeaCorridor Srl (Eni share 50.1%) for €580 million and a capital gain realized from the sale to Snam of the 49.9% share of the capital of SeaCorridor Srl for €420 million , i nclud ing the realization of positive exchange differences for €7 million. Furthermore, Eni realized a capital gain from the fair value valuation of the remaining 50.1% share of the capital of SeaCorridor Srl for €414 million. On September 19, 2023 Eni divested its exploration activities in Gabon , re classified to assets held for sale in 2022 . The transaction involved the sale of Eni Gabon SA and the derecognition of net financial assets for €8 million , while a capital gain for €7 million was recognized through profit and loss . Balance sheet values of the divestments and/or business combinations realized in 202 3 are shown in the following table: (€ million) EniCorridor Srl (now SeaCorridor Srl) Exploration activities in Gabon Total Cash and cash equivalents 25 25 Current financial assets 147 8 155 Other current assets 130 130 Current assets 302 8 310 Property, plant and equipment 8 8 Deferred tax assets 8 8 Other non-current assets 137 137 Non-current assets 153 153 TOTAL ASSETS 455 8 463 Other current liabilities 112 112 Current liabilities 112 112 Other non-current liabilities 12 12 Non-current liabilities 12 12 TOTAL LIABILITIES 124 124 Equity attributable to Eni 331 8 339 TOTAL EQUITY 331 8 339 TOTAL LIABILITIES AND EQUITY 455 8 463 |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2023 | |
Cash and cash equivalents | |
Cash and cash equivalents | 6 Cash and cash equivalents Cash and cash equivalents of € 10,193 million (€ 10,155 million at December 31, 202 2 ) included financial assets with maturity of up to three 6,462 million (€ 6,804 million at December 31, 202 2 ) and mainly included deposits with financial institutions, having notice of more than 48 Expected credit losses on deposits with banks and financial institutions measured at amortized cost we re immaterial. Cash and cash equivalents mainly consist ed of deposits in US dollars (€7,328 million) and in euros (€1,945 million) representing the use of cash on hand in the market for the financial needs of the Group. Restricted cash amounted to € 205 million (€ 97 million at December 31, 202 2 ) in relation to foreclosure measures by third parties and obligations relating to the payment of debts. The average maturity of financial assets originally due within 3 was 12 days with a n effective interest rate of 5.48 % for bank deposits in U.S. dollars (€ 5,275 million) and 55 days with an effective interest rate of 3.87 % for bank deposits in euros (€ 598 million) . |
Financial assets at fair value
Financial assets at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2023 | |
Financial assets at fair value through profit or loss | |
Financial assets at fair value through profit or loss | 7 Financial assets at fair value through profit or loss (€ million) December 31, 2023 December 31, 2022 Bonds issued by sovereign states 1,250 1,244 Other 5,196 5,243 Financial assets held for trading 6,446 6,487 Other financial assets at fair value through profit or loss 336 1,764 Total financial assets at fair value through profit or loss 6,782 8,251 The Company has established a liquidity reserve as part of its internal targets and financial strategy with a view of ensuring an adequate level of flexibility to the Group development plans and of matching unplanned fund requirements or managing restrictions in accessing financial markets. The management of this liquidity reserve is performed through trading activities with the aim of optimizing returns, within a predefined and authorized level of risk threshold, targeting the preservation of the invested capital and the ability to promptly convert it into cash. Financial assets held for trading include securities subject to lending agreements of € 1,288 million (€1,090 million at December 31, 202 2 ). The breakdown by currency is provided below: (€ million) December 31, 2023 December 31, 2022 Euro 3,766 3,599 U.S. dollars 2,680 2,885 Other currencies 3 Financial assets held for trading 6,446 6,487 Euro 200 1,201 U.S. dollars 136 563 Other financial assets at fair value through profit or loss 336 1,764 Total financial assets at fair value through profit or loss 6,782 8,251 The breakdown by issuing entity and credit rating is presented below: Nominal value (€ million) Fair Value (€ million) Rating - Moody's Rating - S&P Quoted bonds issued by sovereign states Fixed rate bonds Italy 178 180 Baa3 BBB United States of America 603 536 Aaa AA+ Spain 166 170 Baa1 A Canada 65 59 Aaa AAA France 58 58 Aa2 AA Other (*) 96 89 from Aaa to A3 from AAA to A 1,166 1,092 Floating rate bonds Italy 155 158 Baa3 BBB 155 158 Total quoted bonds issued by sovereign states 1,321 1,250 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,995 1,885 from Aaa to Baa2 from AAA to BBB Quoted bonds issued by financial and insurance companies 819 788 from Aaa to Baa3 from AAA to BBB- Other bonds 1,023 1,007 from Aaa to Baa3 from AAA to BBB- 3,837 3,680 Floating rate bonds Quoted bonds issued by financial and insurance companies 629 616 from Aaa to Baa2 from AAA to BBB- Quoted bonds issued by industrial companies 469 452 from Aa2 to Baa3 from AA to BBB- Other bonds 476 448 from Aaa to Baa2 from AAA to BBB 1,574 1,516 Total other bonds 5,411 5,196 Total financial assets held for trading 6,732 6,446 Other financial assets at fair value through profit or loss 350 336 from AAAm to BBB 7,082 6,782 (*) Amounts included herein are lower than €50 million. Other financial assets at fair value through profit or loss consisted of investments in Money Market funds. The fair value hierarchy is level 1 5,106 million and level 2 1,340 million. T he fair value hierarchy for Other financial assets measured at fair value with effects to profit or loss is level 2 During 202 3 , there were no significant transfers between the different hierarchy levels of fair value. |
Trade and other receivables
Trade and other receivables | 12 Months Ended |
Dec. 31, 2023 | |
Trade and other receivables | |
Trade and other receivables | 8 Trade and other receivables (€ million) December 31, 2023 December 31, 2022 Trade receivables 13,184 16,556 Receivables from joint ventures in exploration and production activities 1,365 1,645 Receivables from divestments 200 301 Other receivables 1,802 2,338 Total trade and other receivables, net of allowance for doubtful accounts 16,551 20,840 Generally, trade receivables do not bear interest and provide payment terms within 180 days. The decrease in trade receivables of €3,372 million referred to the segments Global Gas & LNG Portfolio for €3,889 million and Plenitude & Power for €267 million partially offset by the increase in the segments Exploration & Production for €620 million and Enilive, Refining and Chemicals for €103 million. The decrease in the Global Gas & LNG Portfolio and Plenitude & Power reflected the decline in the prices of energy commodities, which decreased the nominal value of the receivables. At December 31, 2023, Eni factored without recourse receivables due in 2024 2023 2023 At the balance sheet date Eni owned €1,156 million of net trade receivables, part of which past due, towards Egyptian state oil companies in relation to supplies of equity hydrocarbons, mainly natural gas. The accumulation in trade receivables has accelerated in the second half of the year because of the rapid deterioration of the country's economic and financial situation, worsened by the crisis in the Middle East, which led to a contraction in foreign exchange reserves leading to a slowdown in the payments of receivables owed to oil companies operating in the country. On the basis of the commitments of the country's authorities to normalize the outstanding exposure towards Eni, an expected credit loss was estimated taking into account the expected timing of collection. At December 31, 2023, a past due trade receivable for the supply of natural gas to the customer Acciaierie d'Italia (former ILVA) was outstanding for an amount of €75 million (€373 million at December 31, 2022). A parent company guarantee has been issued by the shareholders of the debtor, which cover the entire amount of the receivable. Receivables owed to Eni by joint operators in Nigeria have been reclassified to assets held for sale because of the ongoing divestment of the Nigerian subsidiary NAOC, whose assets included past due net receivables amounting to €236 million at December 31, 2023, which are owed to Eni by the counterparty of the possible transaction (see note 25 2024 Receivables from other counterparties comprised several miscellaneous items. The two Trade and other receivables stated in euro and U.S. dollars amounted to €9,915 million and €6,041 million, respectively. Credit risk exposure and expected losses relating to trade and other receivables has been prepared on the basis of internal ratings as follows: Performing receivables Defaulted receivables Plenitude customers Total (€ million) Low risk Medium Risk High Risk December 31, 2023 Business customers 3,577 5,303 331 909 10,120 National Oil Companies and Public Administrations 215 634 168 2,438 3,455 Other counterparties 1,103 616 10 590 2,995 5,314 Gross amount 4,895 6,553 509 3,937 2,995 18,889 Allowance for doubtful accounts (19 ) (72 ) (23 ) (1,668 ) (556 ) (2,338 ) Net amount 4,876 6,481 486 2,269 2,439 16,551 Expected loss (% net of counterpart risk mitigation factors) 0.4 1.1 4.5 42.4 18.6 12.4 December 31, 2022 Business customers 4,815 7,970 378 1,583 14,746 National Oil Companies and Public Administrations 215 852 2,248 3,315 Other counterparties 1,673 725 13 122 3,200 5,733 Gross amount 6,703 9,547 391 3,953 3,200 23,794 Allowance for doubtful accounts (23 ) (169 ) (15 ) (2,176 ) (571 ) (2,954 ) Net amount 6,680 9,378 376 1,777 2,629 20,840 Expected loss (% net of counterpart risk mitigation factors) 0.4 1.8 3.8 55.0 17.8 12.4 The classification of the Company’s customers and counterparties and the definition of the classes of counterparty risk are disclosed in note 1 The assessments of the recoverability of trade receivables for the supply of hydrocarbons, products and power to retail, business customers and national oil companies and of receivables towards joint operators of the Exploration & Production segment for cash calls (national oil companies, local private operators or international oil companies) are reviewed periodically to reflect the current economic environment and business trends, as well as any possible increase in the counterparty risks. The exposure to credit risk and expected losses relating to customers of Plenitude was assessed based on a provision matrix as follows: Past due (€ million) Not-past due from 0 to 3 from 3 to 6 from 6 to 12 over 12 Total December 31, 2023 Plenitude customers: - Retail 1,477 107 45 93 207 1,929 - Middle 716 39 7 11 134 907 - Other 149 4 1 4 1 159 Gross amount 2,342 150 53 108 342 2,995 Allowance for doubtful accounts (72 ) (40 ) (38 ) (76 ) (330 ) (556 ) Net amount 2,270 110 15 32 12 2,439 Expected loss (%) 3.1 26.7 71.7 70.4 96.5 18.6 December 31, 2022 Plenitude customers: - Retail 1,508 74 35 63 203 1,883 - Middle 657 33 11 7 162 870 - Other 436 1 5 4 1 447 Gross amount 2,601 108 51 74 366 3,200 Allowance for doubtful accounts (83 ) (31 ) (31 ) (66 ) (360 ) (571 ) Net amount 2,518 77 20 8 6 2,629 Expected loss (%) 3.2 28.7 60.8 89.2 98.4 17.8 The following table analyses the allowance for doubtful accounts for trade and other receivables: (€ million) 2023 2022 Allowance for doubtful accounts - beginning of the year 2,954 3,313 Additions for trade and other performing receivables 160 166 Additions for trade and other defaulted receivables 342 253 Utilizations for trade and other performing receivables (140 ) (37 ) Utilizations for trade and other defaulted receivables (485 ) (758 ) Other changes (493 ) 17 Allowance for doubtful accounts - end of the year 2,338 2,954 The allowance for doubtful accounts was determined considering mitigation factors of the counterparty risk amounting to €3,493 million (€5,744 million at December 31, 2022), which included escrow accounts, insurance policies, sureties and bank guarantees. Additions to allowance for doubtful accounts for trade and other performing receivables related to: (i) the Plenitude business line for €78 million (€61 million in 2022 2022 Additions to allowance for doubtful accounts for trade and other defaulted receivables related to: (i) the Exploration & Production segment for €238 million (€122 million in 2022 2022 Utilizations of allowance for doubtful accounts for trade and other performing and defaulted receivables amounted to €625 million and mainly related to: (i) to the Global Gas & LNG Portfolio segment for €160 million as consequence of the reduction in credit exposures due to the changed market conditions; (ii) the Plenitude business line for €182 million, in particular utilizations against charges of €126 million; (iii) the Exploration & Production segment for €90 million, of which €59 million for unused provisions following the in-kind reimbursements of the overdue receivables owed to Eni by the state-owned company PDVSA in Venezuela during the year. Other changes included €662 million related to the reclassification to assets held for sale of the allowance for doubtful accounts relating to the subsidiary Nigerian Agip Oil Company Ltd. Net (impairments) reversals of trade and other receivables are disclosed as follows: (€ million) 2023 2022 2021 New provisions (502 ) (419 ) (550 ) Net credit losses (98 ) (81 ) (66 ) Reversals 351 547 337 Net (impairments) reversals of trade and other receivables (249 ) 47 (279 ) Receivables with related parties are disclosed in note 36 |
Current and non-current invento
Current and non-current inventories | 12 Months Ended |
Dec. 31, 2023 | |
Current and non-current inventories | |
Current and non-current inventories | 9 Current inventories are disclosed as follows: (€ million) December 31, 2023 December 31, 2022 Raw and auxiliary materials and consumables 1,292 1,228 Components and spare parts for drilling operations, plans and equipment 1,628 1,515 Semi-finished, finished products and goods 3,260 4,962 Other 6 4 Current inventories 6,186 7,709 Raw and auxiliary materials and consumables include oil-based feedstock and other consumables pertaining to refining and chemical activities. Components to be consumed in drilling activities and spare parts of the Exploration & Production segment amounted to €1,490 million (€1,387 million at December 31, 202 2 ) . Semi-finished, finished products and goods included natural gas and oil products for € 2,376 million (€ 3,818 million at December 31, 202 2 ) and chemical products for € 666 million (€ 790 million at December 31, 202 2 ). Inventories are stated net of write-down provisions of € 583 million (€ 672 million at December 31, 202 2 ). Non-current i nventories of € 1,576 million (€1,786 million at December 31, 202 2 ) are held for compliance purposes and related to Italian subsidiaries for € 1,555 million (€1,764 million at December 31, 202 2 ) in accordance with minimum stock requirements for oil and petroleum products set forth by applicable laws. The de crease in current and non-current inventories was essentially due to the decline in oil and hydrocarbons prices. |
Income tax receivables and paya
Income tax receivables and payables | 12 Months Ended |
Dec. 31, 2023 | |
Income tax receivables and payables | |
Income tax receivables and payables | 10 ncome tax receivables and payables (€ million) December 31, 2023 December 31, 2022 Receivables Payables Receivables Payables Current Non-current Current Non-current Current Non-current Current Non-current Income taxes 460 142 1,685 38 317 114 2,108 253 Income taxes are described in note 33 — Income tax es . Current income tax payables include a portion of €455 million relating to the one-off Solidarity Contribution for 2023, enacted by Budget Law 2023, the payment of which was deferred to 2024 as a result of regulatory provisions. Non-current income tax payables include the likely outcome of pending litigation with tax authorities in relation to uncertain tax matters relating to foreign subsidiaries of the Exploration & Production segment for € 33 million (€206 million at December 31, 202 2 ). |
Other assets and liabilities
Other assets and liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Other assets and liabilities | |
Other assets and liabilities | 11 Other assets and liabilities December 31, 2023 December 31, 2022 (€ million) Assets Liabilities Assets Liabilities Current Non-current Current Non-current Current Non-current Current Non-current Fair value of derivative financial instruments 3,323 46 2,414 153 11,076 129 9,042 286 Contract liabilities 437 691 1,145 706 Other Taxes 915 137 1,811 16 807 157 1,463 34 Other 1,399 3,210 917 3,236 938 1,950 823 2,208 5,637 3,393 5,579 4,096 12,821 2,236 12,473 3,234 The fair value related to derivative financial instruments is disclosed in note 24 – Derivative financial instruments and hedge accounting. Assets related to other taxes included VAT for €755 million, of which € 637 million are current, and advances made in December (€ 569 million at December 31, 202 2 , of which € 432 million current). Other assets included: (i) tax credits current of € 812 million (€ 366 million at December 31, 202 2 ) and non-current of € 2,247 million ( € 903 million at December 31, 202 2 ) deriving from Italian tax measures to incentivize the renovation of residential buildings and energy saving s ; (ii) gas volumes prepayments that were made in previous years due to the take-or-pay obligations in relation to the Company's long-term supply contracts, whose underlying current portion Eni plans to recover beyond 12 307 million ( within 12 and beyond 12 € 357 million at December 31, 202 2 ); (i ii ) underlifting positions of the Exploration & Production segment of € 295 million (€ 239 million at December 31, 2022); ( i v ) non-current receivables from divestment activities for € 205 million (€ 23 million at December 31, 2022 ). Contract liabilities included: (i) advances received from Società Oleodotti Meridionali SpA for the infrastructure upgrade of the crude oil transport system from Val d'Agri to the Taranto refinery for € 469 million (€ 430 million at December 31, 202 2 ); (ii) prepaid electronic fuel vouchers for € 292 million (€ 338 million at December 31, 202 2 ); (iii) advances received from Engie SA (former Suez) relating to a long-term agreement for supplying natural gas and electricity. The current portion amounted to € 56 million (€ 58 million at December 31, 202 2 ), the non-current portion amounted to € 275 million (€ 333 million at December 31, 202 2); (iv) advances received from customers for future gas supplies for € 10 million (€ 538 million at December 31, 202 2 ). Revenues recognized during the year related to contract liabilities stated at December 31, 202 3 are indicated in note 29– Revenues and other income. Liabilities related to other current taxes include excise duties and consumer taxes for € 1,034 million (€ 613 million at December 31, 202 2 ) and VAT liabilities for € 326 million (€ 332 million at December 31, 202 2 ). Other liabilities included: (i) non-current payables to factoring companies connected with the derecognition of the abovementioned tax credit deriving from Italian tax measures to incentivize the renovation of residential buildings and energy savings for € 2,040 million (€ 758 million at December 31, 20 22 ); (ii) the value of gas paid and undrawn by customers due to the triggering of the take-or-pay clause provided for by the relevant long-term contracts for € 391 million (€ 443 million at December 31, 202 2 ), of which the underlying volumes are expected to be drawn within the next 12 131 million (€ 85 million at December 31, 202 2 ); (iii) prepaid revenues and deferred income of which current for € 134 million (€ 104 million at December 31, 202 2 ) ; (iv) current overlifting imbalances of the Exploration & Production segment for €312 million (€ 479 million at December 31, 202 2 ); (v) non-current cautionary deposits for € 286 million (€ 305 million at December 31, 202 2 ), of which € 213 million from retail customers for the supply of gas and electricity (€222 million at December 31, 202 2 ); (vi) payables related to investing activities for € 101 million (€83 million at December 31, 202 2 ). Transactions with related parties are described in note 36 |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2023 | |
Property, plant and equipment | |
Property, plant and equipment | 12 (€ million) Land and buildings E&P wells, plant and machinery Other plant and machinery E&P exploration assets and appraisal E&P tangible assets in progress Other tangible assets in progress and advances Total 2023 Net carrying amount - beginning of the year 1,088 40,492 4,280 1,345 7,494 1,633 56,332 Additions 22 407 764 6,294 1,252 8,739 Depreciation capitalized 20 184 1 205 Depreciation (*) (47 ) (5,699 ) (610 ) (6,356 ) Impairments (30 ) (1,164 ) (366 ) (226 ) (390 ) (2,176 ) Reversals 109 42 257 36 444 Write-off (2 ) (420 ) (25 ) (447 ) Currency translation differences 1 (1,223 ) (39 ) (46 ) (268 ) (3 ) (1,578 ) Initial recognition and changes in estimates 3 698 16 17 14 748 Changes in the scope of consolidation - included entities 48 521 298 131 77 1,075 Changes in the scope of consolidation - excluded entities (1 ) (1 ) Transfers 37 5,592 595 (70 ) (5,522 ) (632 ) Other changes (11 ) (1,905 ) (32 ) (42 ) 1,349 (45 ) (686 ) Net carrying amount - end of the year 1,111 37,421 4,588 1,568 9,682 1,929 56,299 Gross carrying amount - end of the year 4,354 139,866 32,121 1,568 13,670 4,308 195,887 Provisions for depreciation and impairments 3,243 102,445 27,533 3,988 2,379 139,588 2022 Net carrying amount - beginning of the year 1,071 42,342 3,850 1,244 6,497 1,295 56,299 Additions 22 132 456 655 5,361 1,074 7,700 Depreciation capitalized 11 179 190 Depreciation (*) (51 ) (5,466 ) (555 ) (6,072 ) Impairments (21 ) (313 ) (485 ) (149 ) (414 ) (1,382 ) Reversals 3 40 191 141 38 413 Write-off (1 ) (2 ) (365 ) (218 ) (586 ) Currency translation differences 2 2,422 55 74 368 5 2,926 Initial recognition and changes in estimates (173 ) 2 (7 ) 98 (80 ) Changes in the scope of consolidation - included entities 9 650 695 118 1,472 Changes in the scope of consolidation - excluded entities (1 ) (3,687 ) (6 ) (119 ) (546 ) (4,359 ) Transfers 41 4,402 426 (149 ) (4,253 ) (467 ) Other changes 14 143 (347 ) 1 16 (16 ) (189 ) Net carrying amount - end of the year 1,088 40,492 4,280 1,345 7,494 1,633 56,332 Gross carrying amount - end of the year 4,255 143,432 31,328 1,345 11,654 3,798 195,812 Provisions for depreciation and impairments 3,167 102,940 27,048 4,160 2,165 139,480 (*) Before capitalization of depreciation of tangible assets C apital 94 38 202 2 ) related to the Exploration & Production segment for € 64 22 20 22 ) average interest rate of 3.0 % ( 2.1 % at December 31, 20 22 ). Capital expenditures primarily related to the Exploration & Production segment for € 7,105 million (€ million in 202 2 ). The line item “O ther changes ” (€ 966 million) included e xpenditures to purchase plant s and equipment from suppliers , with whom delayed payment terms were agreed and were reclassified in the balance sheet to financing payables . Capital expenditures by industry segment and geographical area of destination are reported in note 35 Depreciation other than that of oil&gas assets, relating to biorefineries, petrochemical plants, thermoelectric plants, photovoltaic or wind power systems, and other ancillary assets are calculated on a straight-line basis, based on their economic-technical lives . The main depreciation rates adopted are included in the following ranges and have remained unchanged compared to 202 2 : (%) Buildings 2 - 10 Refining and chemical plants 3 - 17 Gas pipelines and compression stations 4 - 12 Power plants 3 - 5 Other plant and machinery 6 - 12 Industrial and commercial equipment 5 - 25 Other assets 10 - 20 P lant and equipment used in the extraction and treatment of hydrocarbons we re depreciated according to the UOP method, where depreciation depends on production of the estimated proved reserves according to the US Securities & Exchange Commission “SEC” criteria (see note 1 section UOP depreciation, depletion and amortisation ). The production plans associated with the existing assets gradually deplete the SEC proved reserves recorded at the balance sheet date, which are expected to be produced within about ten . Asset net impairment losses of property, plant and equipment related to: (i) o il&gas properties (€ million) due to negative reserve revisions at assets in Alaska, Gulf of Mexico, Turkmenistan and Australia , and because of the projections of lower natural gas prices which negatively affected the expected cash flows of assets in Italy, net of recovery in value of an oil field in Congo; (ii) expenditures incurred for compliance and stay-in-business at CGUs in the refining sector, which were impaired in previous reporting periods and continued lacking any profitability prospects (€ 345 million) ; (iii) petrochemical plants for production of intermediates, styrenics and, to a lesser extent, elastomers due to lower future expected cash flows driven by a deteriorated industry outlook (€ 367 million) . More information about Eni ’s impairment review and the sensitivity of the outcome to different commodities scenarios is reported in note 15 Reversals (Impairments) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to decarbonisation scenarios. Currency translation differences related to subsidiaries utiliz ing the U.S. dollar as functional currency (€ million). Initial recognition and change in estimate s includes the increase in the asset retirement cost of tangible assets in the Exploration & Production se gment due to the increase in abandonment cost estimates, start of new projects and the decrease in discount rates . Changes in the scope of consolidation related: (i) for € 548 million to the acquisition of BP business in Algeria, including the two gas-producing concessions “In Amenas” (Eni In Amenas Ltd) and “In Salah” (Eni In Salah Ltd) jointly operated with Sonatrach and Equinor ; million the acquisition of control of Novamont, already owned by Eni with 36% interest, operating in the production of bioplastics; (iii) for €168 million to the acquisitions of renewables activities in the Plenitude business line , particular ly the two million the acquisition from Chevron of the companies now renamed as Eni Ganal Deepwater Ltd and Eni Rapak Deepwater Ltd which hold a 62% share, respectively, in the Ganal and Rapak blocks already owned with a 20% interest by Eni in addition to the company now renamed as Eni Makassar Ltd which holds a 72% share in Makassar block. Other changes include d other . Transfers from E&P tangible assets in progress to E&P UOP wells, plant and equipment 5,355 commissioning of wells, plants and machinery primarily in Ivory Coast, Italy, Congo, Egypt, Iraq, Mexico, United States and Al geria . In 2023, exploration and appraisal activities decreased by €420 million due to the write-offs of the capitalized costs of exploration wells pending economic and technical evaluation in Egypt, Mexico, Mozambique, Morocco, United Arab Emirates and Lebanon. Exploration and appraisal activities related for € 1,391 million to the costs of suspended exploration wells pending final determination of commerciality based on management’s continuing commitment and for € 177 million to costs of exploration wells in progress at the end of the year. Changes relating to suspended wells are reported below: (€ million) 2023 2022 2021 Costs for exploratory wells suspended - beginning of the year 1,085 1,101 1,268 Increases for which is ongoing the determination of proved reserves 834 547 288 Amounts previously capitalized and expensed in the year (388 ) (374 ) (286 ) Reclassification to successful exploratory wells following the estimation of proved reserves (72 ) (147 ) (43 ) Disposals (3 ) (2 ) (3 ) Changes in the scope of consolidation (114 ) (199 ) Currency translation differences (40 ) 65 100 Other changes (25 ) 9 (24 ) Costs for exploratory wells suspended - end of the year 1,391 1,085 1,101 The following information relates to the stratification of the suspended wells pending final determination (ageing): 2023 2022 2021 (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) Costs capitalized and suspended for exploratory well activity - within 1 417 7.9 216 5.0 175 4.0 - between 1 3 347 6.1 246 4.9 269 12.2 - beyond 3 627 14.5 623 13.9 657 19.7 1,391 28.5 1,085 23.8 1,101 35.9 Costs capitalized for suspended wells - fields including wells drilled over the last 12 417 7.9 204 4.5 175 4.0 - fields for which the delineation campaign is in progress 804 14.0 579 11.3 567 17.9 - fields including commercial discoveries that are progressing to a FID 170 6.6 302 8.0 359 14.0 1,391 28.5 1,085 23.8 1,101 35.9 Suspended wells costs awaiting a final investment decision amounted to € 170 million and primarily related to initiatives in the main countries of presence (Egypt, Nigeria and Congo). Unproved mineral interests, comprised of assets in progress of the Exploration & Production segment, include the purchase price allocated to unproved reserves following business combinations or acquisition of individual properties. Unproved mineral interests were as follows: (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt United Arab Emirates Italy Indonesia Total 2023 Carrying amount - beginning of the year 198 958 95 16 211 3 520 2 2,003 Additions 61 92 153 Net (impairments) reversals 243 (93 ) 8 158 Reclassification to Proved Mineral Interest (1 ) (51 ) (1 ) (28 ) (81 ) Currency translation differences and other changes (12 ) (33 ) (2 ) (1 ) (6 ) (17 ) (3 ) (74 ) Carrying amount - end of the year 429 924 23 215 2 475 2 89 2,159 2022 Carrying amount - beginning of the year 218 892 3 68 114 16 508 1,819 Additions 11 110 (2 ) 2 121 Net (impairments) reversals (28 ) 93 (56 ) 9 Reclassification to Proved Mineral Interest (6 ) (19 ) (12 ) (19 ) (56 ) Currency translation differences and other changes 14 55 (1 ) 4 6 1 31 110 Carrying amount - end of the year 198 958 95 16 211 3 520 2 2,003 Unproved mineral interests comprised the Oil Prospecting License 245 245 exploration period expired on May 11, 2021 . The property book value included € 888 million corresponding to the price paid in 2011 the Nigerian Government to acquire a 50% interest in the asset , plus the subsequent capitalized exploration costs and pre-development costs bringing the total net book value to € million. A lengthy and complex criminal proceeding before the Court of Milan was def i nitively resolved during 2022 , which related to alleged crimes of international corruption regarding the acquisition of the license , whereas in 2023 a claim to obtain compensation for the alleged damages (see note 28 Nigerian authorities to start the development of the reserves is still pending. Given the inaction of the Nigerian authorities, a few years ago Eni started an arbitration proceeding before an ICSID tribunal, the International Centre for Settlement of Investment Disputes, to preserve the value of the investment. Regardless of the outcome of the ongoing arbitration, the estimate of the asset value in the perspective of its economic u tilization confirmed the recoverability of the asset’s book value by discounting the expected cash flows at the country WACC (8%) . Accumulated provisions for impairments amounted to € 22,650 million (€21,715 million at December 31, 202 2 ) . Property, plant and equipment includes assets subject to operating leases for € 347 million, essentially relating to service stations of the Enilive and Refining business line. A s of December 31, 202 3 , Eni pledged property, plant and equipment for €24 million to guarantee payments of excise duties (same amount as of December 31, 202 2 ). Government grants recorded as a decrease of property, plant and equipment amounted to € 91 million (€115 million at December 31, 202 2 ). Contractual commitments related to the purchase of property, plant and equipment are disclosed in note 28 – Liquidity risk. Property, plant and equipment under concession arrangements are described in note 28 |
Right-of-use assets and lease l
Right-of-use assets and lease liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Right-of-use assets and lease liabilities | |
Right-of-use assets and lease liabilities | 13 Right-of-use assets and lease liabilities (€ million) Floating production storage and offloading vessels (FPSO) Drilling rig Naval facilities and related logistic bases for oil and gas transportation Motorway concessions and service stations Oil and gas distribution facilities O ffice buildings Vehicles Other Total 2023 Net carrying amount - beginning of the year 2,142 148 682 457 19 595 42 361 4,446 Additions 14 570 402 133 19 110 14 322 1,584 Depreciation (a) (145 ) (219 ) (315 ) (74 ) (18 ) (125 ) (12 ) (65 ) (973 ) Impairments (3 ) (2 ) (36 ) (41 ) Reversals 3 2 5 Currency translation differences (71 ) (8 ) (5 ) 4 (2 ) (7 ) (89 ) Changes in the scope of consolidation 3 10 13 Other changes 37 (42 ) (40 ) (28 ) (1 ) (1 ) (27 ) (9 ) (111 ) Net carrying amount - end of the year 1,977 449 724 492 17 580 17 578 4,834 Gross carrying amount - end of the year 2,409 985 1,593 822 81 1,039 47 826 7,802 Provisions for depreciation and impairment 432 536 869 330 64 459 30 248 2,968 2022 Net carrying amount - beginning of the year 2,667 183 575 454 14 618 48 262 4,821 Additions 1,342 189 530 76 28 108 21 110 2,404 Depreciation (a) (226 ) (197 ) (303 ) (70 ) (13 ) (130 ) (21 ) (53 ) (1,013 ) Impairments (5 ) (5 ) (1 ) (7 ) (18 ) Reversals 14 14 Currency translation differences 239 12 10 3 3 267 Changes in the scope of consolidation (1,878 ) (34 ) (39 ) (1 ) 73 (1,879 ) Other changes (2 ) (5 ) (100 ) (6 ) (5 ) (3 ) (5 ) (24 ) (150 ) Net carrying amount - end of the year 2,142 148 682 457 19 595 42 361 4,446 Gross carrying amount - end of the year 2,507 516 1,360 734 87 1,010 86 562 6,862 Provisions for depreciation and impairment 365 368 678 277 68 415 44 201 2,416 (a) Before capitalization of depreciation of tangible assets Right-of-use assets (RoU) of € 4,834 million related: (i) for € 2,959 million (€ 2,653 million at December 31, 202 2 ) to the Exploration & Production segment and mainly comprised leases of certain FPSO vessels hired in connection with operations at offshore development projects in Ghana (OCTP) and Area 1 n expected term ranging between 13 and 17 years , including a renewal option as well as multi-year lease s of offshore drilling rigs; (ii) for € 965 million (€ 800 million at December 31, 202 2 ) to the Enilive, Refining and Chemicals segment relating to high way s concessions to market fuels , land leases, leases of service stations for the sale of oil products, leasing of vessels for shipping activities and the car fleet dedicated to the car sharing business; (iii) for € 519 million (€ 548 million at December 31, 202 2 ) to the Corporate and Other activities segment mainly regarding property rental contracts. The increase recorded in 202 3 The main leasing contracts signed for which the asset is not yet available concern: (i) a contract with a nominal value of € 437 million relating to leasing of office buildings with an expiry date of 20 years ; (ii) storage capacity and time charter vessels rental contracts of € 131 million . Main future cash outflows potentially due not reflected in the measurements of lease liabilities related to: (i) options for the extension or termination of lease for office buildings of € 1,177 million; (ii) extension options related to ancillary assets in the upstream business for € 545 million ; ( i ii) extension options related to service stations for the sale of oil products of € 133 million. Liabilities for leased assets were as follows: (€ million) Current portion of long-term lease liabilities Long-term lease liabilities Total 2023 Carrying amount at the beginning of the year 884 4,067 4,951 Additions 1,584 1,584 Decreases (949 ) (14 ) (963 ) Currency translation differences (16 ) (81 ) (97 ) Changes in the scope of consolidation 1 12 13 Other changes 1,208 (1,360 ) (152 ) Carrying amount at the end of the year 1,128 4,208 5,336 2022 Carrying amount at the beginning of the year 948 4,389 5,337 Additions 2,401 2,401 Decreases (980 ) (14 ) (994 ) Currency translation differences 43 242 285 Changes in the scope of consolidation (299 ) (1,654 ) (1,953 ) Other changes 1,172 (1,297 ) (125 ) Carrying amount at the end of the year 884 4,067 4,951 Lease liabilities related for €480 20 22 Total cash outflows for leases consisted of the following: (i) cash payments for the principal portion of the lease liability for € 963 million; (ii) cash payments for the interest portion of € 255 million. Lease liabilities stated in U.S. dollars and euro amounted to € 3,573 million and € 1,608 million, respectively. Other changes in right-of-use assets and lease liabilities essentially related to early termination or renegotiation of lease contracts. Liabilities for leased assets with related parties are described in note 36 The amounts recognised in the profit and loss account consist of the following: (€ million) 2023 2022 2021 Other income and revenues Income from remeasurement of lease liabilities 17 6 18 17 6 18 Purchases, services and other Short-term leases 59 113 85 Low-value leases 37 27 31 Variable lease payments not included in the measurement of lease liabilities 20 14 14 Capitalized direct cost associated with self-constructed assets - tangible assets (5 ) (5 ) (4 ) 111 149 126 Depreciation and impairments Depreciation of RoU leased assets 973 1,013 928 Capitalized amortization of RoU leased assets - tangible assets (199 ) (186 ) (110 ) Impairments of RoU leased assets 41 18 59 Reversals of RoU leased assets (5 ) (14 ) 810 831 877 Finance income (expense) from leases Interests on lease liabilities (267 ) (315 ) (304 ) Capitalized finance expense of RoU leased assets - tangible assets 11 8 5 Net currency translation differences on lease liabilities 19 (4 ) (34 ) (237 ) (311 ) (333 ) |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2023 | |
Intangible assets | |
Intangible assets | 14 (€ million) Exploration rights Industrial patents and intellectual property rights Other intangible assets with definite useful lives Intangible assets with definite useful lives Goodwill Other intangible assets with indefinite useful lives To t al 2023 Net carrying amount - beginning of the year 793 176 1,394 2,363 3,138 24 5,525 Additions 20 41 415 476 476 Amortization (8 ) (92 ) (255 ) (355 ) (355 ) Impairments (22 ) (17 ) (39 ) (6 ) (45 ) Reversals 11 11 11 Write-off (85 ) (3 ) (88 ) (88 ) Changes in the scope of consolidation 291 461 752 25 2 779 Currency translation differences (19 ) (1 ) (20 ) (20 ) Other changes (27 ) 34 113 120 (24 ) 96 Net carrying amount - end of the year 663 450 2,107 3,220 3,133 26 6,379 Gross carrying amount - end of the year 1,295 2,119 4,674 8,088 Provisions for amortization and impairment 632 1,669 2,567 4,868 2022 Net carrying amount - beginning of the year 913 155 845 1,913 2,862 24 4,799 Additions 53 28 275 356 356 Amortization (12 ) (74 ) (224 ) (310 ) (310 ) Impairments (14 ) (14 ) (153 ) (167 ) Write-off (13 ) (13 ) (13 ) Changes in the scope of consolidation (200 ) 391 191 482 673 Currency translation differences 54 1 55 11 66 Other changes (2 ) 67 120 185 (64 ) 121 Net carrying amount - end of the year 793 176 1,394 2,363 3,138 24 5,525 Gross carrying amount - end of the year 1,428 1,806 3,705 6,939 Provisions for amortization and impairment 635 1,630 2,311 4,576 Exploration rights comprised the residual book value of signature bonuses and acquisition costs of exploration licenses relating to areas with proved reserves, which are amortized based on UOP criteria and are regularly reviewed for impairment. The cost s of licenses with unproved reserves are also in this item and are suspended pending a final determination of the success of the exploration activity or until management confirms its commitment to the initiative . Additions for the year relate d to signature bonuses paid for the acquisition of new exploration acreage in Egypt . The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2023 December 31, 2022 Proved licence and leasehold property acquisition costs 91 104 Unproved licence and leasehold property acquisition costs 572 689 663 793 Industrial patents and intellectual property rights mainly regarded the acquisition and internal development of software and rights for the use of production processes and software. Write-offs of € 85 million related to the abandonment of underlying initiatives. Change s in the scope of consolidation of assets with a finite useful life concerned : (i) for € 515 million t he acquisition of control of Novamont group ; (ii) for €237 million the acquisitions finalized by Plenitude in relation to renewables activities , in particular Spanish companies . Other changes relating to intangible assets with a finite useful life related : (i) for € 58 million to the definitive price allocation of acquisitions made in 202 2 (further information is provided in note 27 ; (ii) for € 25 million the decrease relating to the reclassification to assets held for sale of unproved potential and exploration rights of the company Nigerian Agip Oil Co Ltd (further information is disclosed in note 25 Assets held for sale and liabilities directly associated with assets held for sale ). Other intangible assets comprised: (i) concessions, licenses, trademarks and similar items for €1,148 million (€ 692 million at December 31, 202 2 ), of which €879 million relating to relating to the Plenitude business line essentially for activities in relation to renewable energy sources ; (i i ) customer acquisition costs relating to the Plenitude business line for € 393 million (€358 million at December 31, 202 2 ); (iii) customer relationship for € 92 million recognized following the acquisition of Finproject group (€101 million at December 31, 202 2 ). The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP Concessions, licenses, trademarks and similar items 3 - 33 Industrial patents and intellectual property rights 20 - 33 Capitalized costs for customer acquisition 17 - 33 Other intangible assets 3 - 20 Cumulative impairment charges of goodwill at the end of the year amounted to € 2,656 million. The breakdown of goodwill by segment and business line is provided below: (€ million) December 31, 2023 December 31, 2022 Plenitude 2,909 2,927 Enilive and Refining 102 102 Chemicals 112 93 Corporate and Other activities 10 16 3,133 3,138 C hanges in the scope of consolidation of goodwill related to : (i) the acquisition of control of Novamont group for €19 million ; (ii) acquisitions in relation to renewables activities of the Plenitude business line for €6 million . O ther negative changes relating to goodwill of €24 million concern ed the definitive allocation of some acquisitions made in 2022 provide d in note 27 – Other information). C ontributions recorded as decrease of intangible assets amount ed to € 28 million . Information about the allocations of goodwill deriving from business combinations is provided in note 5 – Business combinations and other significant transactions . Goodwill acquired through business combinations has been allocated to the CGUs that are expected to benefit from the synergies of the acquisition. The Plenitude business line is engaged in the retail sale of natural gas and electricity, in the electricity generation from renewable sources and in installing and managing a network of re charg es for electric vehicles. Plenitude has closed several acquisitions in past reporting years and in 202 3 , those latter commented in note 5 and other significant transactions , leading to the recognition of significant amounts of goodwill in each of those activities. G oodwill allocated to the activity of the retail sale of natural gas and electricity amounted to € 1,215 million and to test its recoverability has been allocated to a single CGU encompassing all European retail markets where Plenitude is operating considering the significant cross-market synergies and geographic integration. The impairment review performed at the balance sheet date confirmed the recoverability of the carrying amount of this CGU comprising the book value of the allocated goodwill. The impairment review of the CGU Retail 27 , including goodwill, was performed by comparing the carrying amount to the value in use of the CGU, which was estimated based on the cash flows of the four , risk-adjusted WACC s of the retail business in each country of operation , with values in a range of approximately 5 % . There are no reasonable assumptions of changes in the discount rate, growth rate, profitability or volumes that would lead to zeroing the headroom amounting to about €6.4 b illion of the value in use of the CGU Retail with respect to its book value, including the allocated goodwill. The renewable business of Plenitude included a goodwill of €976 million related to the business combinations made in Italy and in other European markets where operations are being developed (Spain, France, Greece) in 2023 The cash flows include those obtainable from assets under operations and the repowering of existing plants and facilities . The recoverability test of the book values of renewable assets including the allocated goodwill was performed based on the discounted cash flows which comprised the financial projections of the four the management and the subsequent cash flows associated with the useful lives of the plants by using normalized cash flows. Cash flows have been discounted at sector and country-specific WACC s , which were comprised in a range of 5.5 % - 6.1 %. Th is test has confirmed the recoverability of the book values of the complex of plants generating renewable electricity, including the allocated goodwill. The headroom of €130 million is reduced to zero in case of a 0.3 G oodwill of the electric mobility business of Plenitude of €718 million recognized in connection with the acquisition in 2021 of the entire share capital of Be Power SpA, which through the subsidiary Be Charge is the second Italian operator in the segment of charging infrastructures for electric mobility, was assessed by updating the valuation model of the operation. The recoverability of the allocated goodwill was tested based on the discounted cash flows of the activity, which comprised the financial projections of the four that reflects trend forecasts in sales of electric vehicles , discounted at a WACC of 10.8%. This test confirmed the recoverability of the allocated goodwill and showed a headroom of about €400 million which would go to zero . 27 |
Reversals (Impairments) of tang
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | 12 Months Ended |
Dec. 31, 2023 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | 15 Reversals (I mpairment s) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to decarbonisation scenarios The recoverability test of carrying amounts of oil&gas cash generating units (CGUs) is the most important of the critical accounting estimates in the preparation of Eni’s consolidated financial statements. This owes to the relative weight of the invested capital in the sector on total consolidated assets . Future expected cash flows associated with the use of oil&gas assets are based on management’s judgment and subjective evaluation about highly uncertain matters like future hydrocarbons prices, assets’ useful lives, projections of future operating and capital expenditures, including CO 2 emission costs relating to geographies where legal obligations are present , the volumes of reserves that will ultimately be recovered and costs of decommissioning oil&gas assets at the end of their useful lives. The hydrocarbon prices are forecasted as part of Eni's scenario, which considers macroeconomic and industry projections, policies, regulations, and technologies (in place or foreseeable) and providing a holistic and consistent framework for the economic and energy variables of interest. These forecasts incorporate management’s best estimate of the various energy market fundamentals while considering the changing market environment and challenges related to the energy transition. Eni’s scenario is constantly benchmarked against the market view of investment banks and energy consultants. Below are the main price assumptions for assessing the recoverability of oil&gas assets, expressed in 202 2 real term s for comparability with the IEA scenario: 2024 2027 2030 2040 2050 Brent $/bbl 73 68 68 58 48 TTF natural gas price $/mmBtu 8.7 9.9 6.8 6.8 6.2 This scenario does not differ significantly from the one ing year , with the exception of forecast s of lower natural gas prices in the short term . Actual hydrocarbons prices utilized in the calculation of future revenues of oil&gas assets in the impairment review are derived from the main market benchmarks by applying appropriate price differentials, which were estimated by the management to consider factors like crude qualities, different indexation mechanisms and regional price trends. The discount rate of the future cash flows of the CGUs was estimated as the weighted average cost of equity (Ke) and net borrowings , based on the Capital Asset Pricing Model methodology. Specifically, the cost of equity considers both a premium for the non-diversifiable market risk measured on the basis of the long-term returns of the S&P 500 202 3 , a Group cost of capital (“WAAC”) of approximately 7 % was estimated and was substantially unchanged compared to 202 2 due to a lower cost of equity as a consequence of the reduction in the company's financial risk, which offset the increased yields on risk-free assets. The Group WACC is adjusted to account for the specific operational risks of each geography against the average portfolio, where oil&gas activities are conducted, by adding a corrective factor (WACC adjusted on a country-by-country basis). The impairment test was performed at all of the Group’s oil&gas CG U s based on the price scenario of management and the country WACCs described above, which substantially confirmed the carrying amounts of the properties, with the exception of some assets which were marked to their lower recoverable values due to downward reserves revisions and expected reduction s in natural gas prices , recognizing approximately € 1 b illion of net impairment losses. The geographical areas involved were mainly Alaska , Gulf of Mexico , Turkmenistan and Australia in relation to reserves revisions and gas assets in Italy in relation to gas prices . The post-tax discount rates were comprised in a range 6.0 % - 7.5 % ; the pre-tax discount rates for the main net impairment losses were set to 5.1% in Italy and 20.3% in Alaska. The value in use (VIU) of the oil&gas CGUs under the management’s scenario assumptions displayed a headroom (difference between VIU and book values) of approximately 80 % of the assets’ carrying amounts, discounting the expected expenses associated with the purchase of carbon credits as part of the Company’s strategy to decarbonize its o il&gas operations also through nature-based solutions of carbon offsets . Those sensitivity analys e s included assets of all consolidated entities, joint ventures and associates, excluding Vår Energi AS A and Azule Energy Holdings Ltd. Considering the judgemental nature of the assumptions underlying the estimate of the VIU, management has stress-tested its base case by applying the following sensitivity analyses to the assumptions underlying the oil&gas CGUs values -in-use of the base case : (i) a 10 to hydrocarbon prices applied to all the years of the cash flow projections; (ii) a one ; (iii) the projections of hydrocarbon prices and CO2 costs of the decarbonization scenario Net Zero Emission 2050 (NZE 2050) elaborated by IEA. The values-in-use of oil&gas assets calculated under the different stress-test scenarios exhibit in their entirety a headroom over the assets book values; however it is possible the incurrence of impairment losses as shown in the table below. The results of those sensitivity test s expressed in terms of percentage ratio of the cumulated headroom of the oil&gas CGUs to their corresponding book values under each scenario and potential pre-tax income statement impacts are provided below : Value in use of the O&G CGUs Headroom vs Carrying amounts Possible impairments Assumption at 2050 2022 Tax-deductible CO 2 Non tax-deductible CO 2 € billion Brent price European gas price Cost of CO 2 Eni's scenario 77 % - 48 $/bbl 6.2 $/mmBTU CO 2 costs projections in the EU/ETS + projections of forestry costs 10 56 % - (1.0) CO 2 costs projections in the EU/ETS + projections of forestry costs Eni's scenario with + 1 67 % - (0.2) CO 2 IEA NZE 2050 28 % 23 % (3.2) - (4.3) 25 $/bbl 4.1 $/mmBTU 250 - $ per tonne of CO 2 (*) (*) Range of values depending on advanced or emerging economies with or without net zero commitments. For low-income economies a lower cost is expected. These sensitivities do not consider possible actions t o mitigate a changed price environment, such as rescheduling and/or cancellation of planned development activities, contractual renegotiations, costs efficiencies or actions aimed at accelerating the pay-back period. Sensitivity was not applied to Chemicals and G as power generation business lines considering the immateriality of the residual book values of property, plant and equipment (€ 581 million and € 766 million, respectively) and of economic-technical lives, while no impact can be associated for refineries considering that their book values are zero . |
Investments
Investments | 12 Months Ended |
Dec. 31, 2023 | |
Investments | |
Investments | 16 Equity-accounted investments 2023 2022 Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Carrying amount - beginning of the year 50 7,065 4,977 12,092 44 2,057 3,786 5,887 Additions and subscriptions 3 1,024 186 1,213 21 900 686 1,607 Divestments and reimbursements (2 ) (1 ) (477 ) (480 ) Share of profit of equity-accounted investments 4 818 800 1,622 5 474 1,684 2,163 Share of loss of equity-accounted investments (3 ) (149 ) (129 ) (281 ) (6 ) (197 ) (82 ) (285 ) Deduction for dividends (1 ) (939 ) (1,060 ) (2,000 ) (3 ) (483 ) (708 ) (1,194 ) Changes in the scope of consolidation 3 13 (227 ) (211 ) 5 (710 ) (1,122 ) (1,827 ) Currency translation differences (2 ) (244 ) (166 ) (412 ) 2 (231 ) 230 1 Other changes (1 ) 662 (54 ) 607 (16 ) 5,256 980 6,220 Carrying amount - end of the year 53 8,250 4,327 12,630 50 7,065 4,977 12,092 Acquisitions and share capital increases mainly related : (i) for € 882 million to the acquisition from PBF Energy Inc of 50% of the capital of St. Bernard Renewables Llc, an operating biorefinery at Chalmette hub in Louisiana (United States of America) , whose production started in the second half of the 2023 . The price allocation to the net assets acquired was carried out on a provisional basis, with the recognition of goodwill of €45 million; (ii) for €154 million to the capital subscription of QatarEnergy LNG NFE ( 5 (former Qatar Liquefied Gas Company Limited ( 9 ) (Eni's interest 25%), a company participating in the North Field East (NFE) project with a 12.5% interest, equal to an Eni’s interest of 3.125% in the giant project for the development of the country's LNG; (iii) for €42 million to the subscription of the capital increase of Vårgrønn AS, the joint venture (Eni’s interest 65%) which owns the 20% stake in the Doggerbank A, B and C offshore wind projects in the United Kingdom . Share of profit from equity-accounted investments essentially refe r r ed to: (i) Azule Energy Holdings Ltd for €653 mi l lion; (ii) Vår Energi ASA for €356 mil l ion; (iii) Abu Dhabi Oil Refining Company (TAKREER) for €296 mi l lion; (iv) ADNOC Global Trading Ltd for €120 mi l lion; (v) Saipem SpA for €56 mil l ion; (vi) SeaCorridor Srl for €49 mi l lion; (vii) Mozambique Rovuma Venture SpA for €47 mi l lion . Share of loss from equity-accounted investments essentially refe r r ed to: (i) Vårgrønn AS for €50 million; (ii) St. Bernard Renewables Llc for €42 million; (iii) Coral FLNG SA for €40 million. Reduction for dividends related to : (i) Azule Energy Holdings Ltd for €829 million; (ii) Vår Energi ASA for € 640 million; (iii) Abu Dhabi Oil Refining Company (TAKREER) for € million; (iv) ADNOC Global Trading Ltd for € million; (v) SeaCorridor Srl for € million. Change s in the scope of consolidation referred for € 227 million to the acquisition of the control of Novamont Business combinations are commented in note 5 - Business combinations and other significant transactions . Other changes i ncluded the initial recognition of the joint venture SeaCorridor Srl (Eni's interest 50.1%) for €580 million, €414 million higher than the book value of the corresponding company share maintained, following the business combination which involved the sale to Snam of 49.9% interest of the Eni’s companies operating natural gas transportation from Algeria through the TTPC and TMPC pipelines . Net carrying amount s December 31, 2023 December 31, 2022 (€ million) Net carrying amount % of the investment Net carrying amount % of the investment Investments in unconsolidated entities controlled by Eni Other 53 50 53 50 Joint ventures Azule Energy Holdings Ltd 4,750 50.00 5,073 50.00 St. Bernard Renewables Llc 829 50.00 Saipem SpA 722 31.20 645 31.20 SeaCorridor Srl 530 50.10 Cardón IV SA 443 50.00 433 50.00 Mozambique Rovuma Venture SpA 343 35.71 308 35.71 Vårgrønn AS 336 65.00 370 65.00 GreenIT SpA 92 51.00 74 51.00 Lotte Versalis Elastomers Co Ltd 43 50.00 41 50.00 Hergo Renewables SpA 32 65.00 33 65.00 LabAnalysis Environmental Scienze Srl 25 30.00 Società Oleodotti Meridionali - SOM SpA 21 70.00 29 70.00 Other 84 59 8,250 7,065 Associates Abu Dhabi Oil Refining Company (Takreer) 2,434 20.00 2,497 20.00 Vår Energi ASA 447 63.04 763 63.08 QatarEnergy LNG NFE ( 5 439 25.00 302 25.00 Coral FLNG SA 239 25.00 330 25.00 ADNOC Global Trading Ltd 145 20.00 158 20.00 United Gas Derivatives Co 81 33.33 72 33.33 Novis Renewables Holdings Llc 70 49.00 74 49.00 Bluebell Solar Class A Holdings II Llc 70 99.00 73 99.00 Novamont SpA 255 35.00 Altre 402 453 4,327 4,977 12,630 12,092 The results of equity-accounted investments by segment are disclosed in note 35 As of December 31, 202 3 , the book and market values of Saipem SpA and Vår Energi ASA, equity-accounted companies listed on the Italian and the Norwegian stock exchange, respectively, were as follows : Saipem SpA Vår Energi ASA Number of shares held 662,476,192 1,573,713,749 % of the investment 31.20 63.04 Share price (€) 1.47000 2.86287 Market value (€ million) 915 4,505 Book value (€ million) 722 447 At December 31, 202 3 , the market capitalization of Saipem shares exceeded the book value of the investment by € 193 million, the carrying amount is in line with the corresponding fraction of the investee's book equity , less the fraction of the investee net assets corresponding to the equity component of a convertible bond . At December 31, 202 3 , the market capitalization of the Vår Energi ASA share for Eni's stake wa s € 4,058 million higher than the book value of the investment. Additional information is included in note 37 Other investments (€ million) 2023 2022 Carrying amount - beginning of the year 1,202 1,294 Additions and subscriptions 102 68 Change in the fair value with effect to OCI 45 56 Currency translation differences (28 ) 42 Other changes (65 ) (258 ) Carrying amount - end of the year 1,256 1,202 The fair value of the main non-controlling interests in non-listed investees on regulated markets, classified within level 3 net profits , as a gauge of the future profitability of the investees, derived from the business plans, but adjusted, where appropriate, to include the assumptions that market participants would incorporate; (ii) the cost of capital, adjusted to include the risk premium of the specific country in which each investee operates. A stress test based on a 1% change in the cost of capital considered in the valuation did not produce significant changes at the fair value valuation. Dividend income from these investments is disclosed in note 3 2 – Income (expense) from investments. The investment book value as of December 31, 202 3 primarily related to Nigeria LNG Ltd for € 642 million (€668 million at December 31, 202 2 ) , Saudi European Petrochemical Co “IBN ZAHR” for €121 million (€108 million at December 31, 202 2 ) and Darwin LNG Pty Ltd for €78 mi l lion (€71 mi l lion at December 31, 2022 ) . |
Other financial assets
Other financial assets | 12 Months Ended |
Dec. 31, 2023 | |
Other financial assets | |
Other financial assets | 17 Other financial assets December 31, 2023 December 31, 2022 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 34 2,240 11 1,911 Short-term financing receivables held for operating purposes 7 8 41 2,240 19 1,911 Financing receivables held for non-operating purposes 855 1,485 896 2,240 1,504 1,911 Securities held for operating purposes 61 56 896 2,301 1,504 1,967 Changes in allowance for doubtful accounts were as follows: (€ million) 2023 2022 Carrying amount at the beginning of the year 391 403 Additions 15 13 Deductions (9 ) (43 ) Currency translation differences (13 ) 21 Other changes (1 ) (3 ) Carrying amount at the end of the year 383 391 Financing receivables held for operating purposes primarily related to funds provided to joint ventures and associates in the Exploration & Production segment (€2,173 million) to execute capital projects of interest to Eni. These receivables are long-term interests in the initiatives funded. The main amounts were towards: (i) the joint venture Mozambique Rovuma Venture SpA (Eni’s interest 35.71%) for €1,339 million (€1,187 million at December 31, 2022) engaged in the development of natural gas reserves of the Mamba in Area 4 offshore Mozambique; (ii) Coral FLNG SA (Eni’s interest 25%) for €453 million (€356 million at December 31, 2022). Financing receivables held for operating purposes due beyond five The fair value of non-current financing receivables held for operating purposes of €2,285 million has been estimated based on the present value of expected future cash flows discounted at rates ranging from 1.9% to 5.2% (1.8% and 5.1% at December 31, 2022). The recoverability of other long-term financial assets was assessed by considering the expected probability of default in the next twelve Financing receivables held for non-operating purposes of €712 million (€1,266 million at December 31, 2022) related to restricted deposits in escrow to guarantee transactions on derivative contracts mainly in the Global Gas & LNG Portfolio segment. Financing receivables were denominated in euro and U.S. dollar for €630 million and €2,503 million, respectively. Securities for €19 million (€20 million at December 31, 2022) were pledged as guarantee of the deposit for gas cylinders as provided for by the Italian law. The following table analyses securities per issuing entity: Amortized cost (€ million) Nominal value (€ million) Fair Value Nominal rate of return (%) Maturity date Rating - Moody's Rating - S&P Sovereign states Fixed rate bonds Italy 19 19 17 from 0 to 2.65 from 2024 to 2031 Baa3 BBB Others (*) 25 25 25 from 0.1 to 5.0 from 2024 to 2027 from Aa1 to Baa2 from AA+ to BBB- Floating rate bonds Italy 12 12 12 from 4.62 to 5.07 from 2024 to 2026 Baa3 BBB Total sovereign states 56 56 54 Other financial institutions European Bank of Investments 5 5 5 3.98 from 2023 to 2024 Aaa AAA Total 61 61 59 ( *) Amounts included herein are lower than €10 million. Securities having maturity within five years amounted to €55 million. The fair value of securities was derived from quoted market prices. Receivables with related parties are described in note 36 |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2023 | |
Trade and other payables | |
Trade and other payables | 1 8 Trade and other payables (€ million) December 31, 2023 December 31, 2022 Trade payables 14,231 19,527 Down payments and advances from joint ventures in exploration & production activities 717 606 Payables for purchase of non-current assets 2,335 2,561 Payables due to partners in exploration & production activities 1,215 1,235 Other payables 2,156 1,780 20,654 25,709 The de crease in trade payables of €5,296 million refer red to Global Gas & LNG Portfolio segment for € 5,711 million and wa s affected by the dec line in energy commodity prices which decreased the nominal value of the payables. This decrease was partially offset by the increas e in the Enilive, Refining and Chemicals segment for €493 million . Other payables included: (i) payables to factoring companies in relation to the derecognition of Eni's tax credits for € 728 million (€246 million at December 31, 2022) ; (ii) payroll payables for € 287 million (€ 255 million at December 31, 202 2 ) ; (iii) the amounts still due to the triggering of the take-or-pay clause of the long-term supply contracts for €187 million (€284 million at December 31, 2022); (iv) payables for social security contributions for € 110 million (€100 million at December 31, 202 2 ) . Trade and other payables were denominated in euro for € 10,200 million and in U.S. dollar for € 10,421 million. Because of the short-term maturity and conditions of remuneration of trade payables, the fair values approximated the carrying amounts. Trade and other p ayables due to related parties are described in note 36 |
Finance debt
Finance debt | 12 Months Ended |
Dec. 31, 2023 | |
Finance debts | |
Finance debt | 1 9 Finance debt December 31, 2023 December 31, 2022 Short-term debt Current portion of long-term debt Long-term debt Total Short-term debt Current portion of long-term debt Long-term debt Total (€ million) Banks 2,810 600 1,116 4,526 3,645 851 1,999 6,495 Ordinary bonds 1,956 19,535 21,491 2,142 17,368 19,510 Sustainability-linked convertible bonds 9 917 926 Other financial institutions 1,282 356 148 1,786 801 104 7 912 4,092 2,921 21,716 28,729 4,446 3,097 19,374 26,917 Finance debt in creased by € 1,812 million as disclosed in table “ Changes in liabilities arising from financing activities ” detailed at the end of this paragraph . As of December 31, 202 3 , finance debt include d € 701 million of sustainability-linked financial contracts with leading banking institutions which provide for an adjustment mechanism of the funding cost linked to the achievement of certain sustainability targets, which are disclosed in the comment of ordinary bonds. Eni entered into long-term borrowing facilities with the European Investment Bank. These borrowing facilities are subject to the retention of a minimum level of credit rating. According to the agreements, should the Company lose the minimum credit rating, new guarantees could be required to be agreed upon with the European Investment Bank. At December 31, 202 3 , debts subjected to restrictive covenants amounted to € 732 million (€ 862 million at December 31, 202 2 ) . Eni was in compliance with those covenants. Eni has in place a program for the issuance of Euro Medium Term Notes up to € 20 billion, of which € 16.8 billion were drawn as of December 31, 202 3 . The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 20 2 3 : (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Issuing entity Euro Medium Term Notes Eni SpA 1,250 22 1,272 EUR 2033 4.250 Eni SpA 1,200 14 1,214 EUR 2025 3.750 Eni SpA 1,000 31 1,031 EUR 2029 3.625 Eni SpA 1,000 12 1,012 EUR 2026 1.500 Eni SpA 1,000 4 1,004 EUR 2030 0.625 Eni SpA 1,000 4 1,004 EUR 2026 1.250 Eni SpA 1,000 10 1,010 EUR 2031 2.000 Eni SpA 900 1 901 EUR 2024 0.625 Eni SpA 800 3 803 EUR 2028 1.625 Eni SpA 750 13 763 EUR 2024 1.750 Eni SpA 750 8 758 EUR 2027 1.500 Eni SpA 750 (3 ) 747 EUR 2034 1.000 Eni SpA 679 10 689 USD 2027 variable Eni SpA 650 5 655 EUR 2025 1.000 Eni SpA 600 (2 ) 598 EUR 2028 1.125 Eni SpA 500 3 503 EUR 2025 1.275 Eni SpA 452 452 USD 2026 variable Eni SpA 452 (1 ) 451 USD 2026 variable Eni SpA 100 4 104 EUR 2028 5.441 Eni SpA 75 2 77 EUR 2043 3.875 70 1 71 EUR 2032 4.000 50 (1 ) 49 EUR 2031 4.800 Eni SpA – Sustainability-linked 1,000 (1 ) 999 EUR 2028 0.375 Eni SpA – Sustainability-linked 750 14 764 EUR 2027 3.625 16,778 153 16,931 Other bonds Eni SpA 905 7 912 USD 2028 4.750 Eni SpA 905 1 906 USD 2029 4.250 Eni USA Inc 362 1 363 USD 2027 7.300 Eni SpA 317 1 318 USD 2040 5.700 Eni Plenitude Wind 2022 17 17 EUR 2031 variable 2,000 44 2,044 EUR 2028 4.300 4,506 54 4,560 21,284 207 21,491 During 2023, a total of €4,000 million of ordinary bond were issued. The new issues concerned, in particular, a bond of €1,250 million within the Euro Medium Term Notes program and two sustainability-linked bond, the first intended for a retail public of €2,000 million and the second as part of the Euro Medium Term Notes program of €750 million. The sustainability parameters are: (i) net carbon footprint upstream (GHG emission Scope 1 2 2 In addition, within the Euro Medium Term Notes program, a sustainability-linked bond was outstanding for a total nominal amount of €1,000 million which was indexed to achievement of the following sustainability targets: (i) net carbon footprint upstream (GHG emission Scope 1 2 2 2024 2025 . In case the Company misses those targets, a step-up mechanism will be applied, increasing the interest cost . As of December 31, 202 3 , ordinary bonds maturing within 18 2,821 Information relating to the senior unsecured sustainability-linked convertible bonds is as follows : (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Issuing entity Eni SpA – Convertible senior unsecured sustainability-linked bonds 1,000 5 1,005 EUR 2030 2.950 of which financial liabilities 920 6 926 EUR of which equity 80 (1 ) 79 EUR During 2023 Eni SpA issued a sustainability-linked senior unsecured convertible bond with an aggregate nominal amount of €1,000 million. The bonds will be convertible into Eni existing ordinary shares bought under the share buyback programme approved by the Shareholders’ Meeting held on 10 May 2023. The bonds will have a maturity of 7 years, will be issued at 100% of par and will pay an annual coupon of 2.95%. The conversion price will be €17.5513, representing a premium of 20% above the reference price of €14.6261, which has been determined as the volume weighted average price of Eni ordinary shares on the regulated market of Borsa Italiana on September 7 2023 The b onds will be linked to the achievement of sustainability targets related to Net Carbon Footprint Upstream (Scope 1 2 The following table provides a breakdown by currency of finance debt and the related weighted average interest rates: December 31, 2023 December 31, 2022 Short term debt (€ million) Weighted average rate (%) Long term debt and current portion of long-term debt (€ million) Weighted average rate (%) Short term debt (€ million) Weighted average rate (%) Long term debt and current portion of long-term debt (€ million) Weighted av erage rate (%) Euro 3,469 3.3 20,293 2.4 3,994 0.9 17,171 1.8 U.S. dollar 614 5.5 4,342 5.9 337 2.2 5,298 5.1 Other currencies 9 2.5 2 5.9 115 2 2.4 4,092 24,637 4,446 22,471 As of December 31, 20 2 3 , Eni retained committed borrowing facilities of €9,120 million (€8,298 million at December 31, 2022) . Those facilities bore interest rates reflecting prevailing conditions i n the marketplace. The breakdown of committed borrowing facilities are as follows: (€ million) December 31, 2023 December 31, 2022 Undrawn long-term sustainability-linked credit facilities with current portion of long-term 9,000 8,100 Other undrawn long-term borrowing facilities 12 2 Other drawn long-term borrowing facilities with current portion of long-term 3 70 Long-term borrowing facilities 9,015 8,172 Undrawn short-term borrowing facilities 38 43 Drawn short-term borrowing facilities 67 83 Short-term borrowing facilities 105 126 9,120 8,298 As of December 31, 20 2 3 , Eni was in compliance with covenants and other contractual provisions in relation to borrowing facilities. Fair value of long-term debt, including the current portion of long-term debt is described below: (€ million) December 31, 2023 December 31, 2022 Ordinary bonds and sustainability-linked bonds 21,025 18,167 Convertible sustainability-linked bonds 1,061 Banks 1,652 2,733 Other financial institutions 505 111 24,243 21,011 Fair value of financ e debt s was calculated by discounting the expected future cash flows at discount rates ranging from 1.9 % to 5.2 % ( 1.8 % and 5.1 % at December 31, 202 2 ) . Because of the short-term maturity and conditions of remuneration of short-term debt, the fair value approximated the carrying amount. Changes in liabilities arising from financing activities (€ million) Long-term debt and current portion of long-term debt Short-term debt Long-term and current portion of long-term lease Total 2023 Carrying amount - beginning of the year 22,471 4,446 4,951 31,868 Cash flows 1,810 (1,495 ) (963 ) (648 ) Currency translation differences (144 ) 182 (116 ) (78 ) Changes in the scope of consolidation 38 352 13 403 Other non-monetary changes 462 607 1,451 2,520 Carrying amount - end of the year 24,637 4,092 5,336 34,065 2022 Carrying amount - beginning of the year 25,495 2,299 5,337 33,131 Cash flows (3,944 ) 1,375 (994 ) (3,563 ) Currency translation differences 208 547 289 1,044 Changes in the scope of consolidation 477 (95 ) (1,953 ) (1,571 ) Other non-monetary changes 235 320 2,272 2,827 Carrying amount - end of the year 22,471 4,446 4,951 31,868 Changes in the scope of consolidation referred to the acquisition of Novamont for € 211 million and to the acquisitions in relation to renewables activities of the Plenitude business line for €33 million . Other non-monetary changes include lease liabilities assumptions for €1,584 million and € 1,047 million of trade payables on which payment term extensions have been negotiated, resulting in the classification of the debt as financial. Lease liabilities are described in note 1 3 – Right-of-use assets and lease liabilities. Transactions with related parties are described in note 36 |
Information on net borrowings
Information on net borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Information on net borrowings | |
Information on net borrowings | 20 Information on net borrowings (€ million) December 31, 2023 December 31, 2022 A. Cash 3,731 3,351 B. Cash equivalents 6,462 6,804 C. Other current financial assets 7,637 9,736 D Liquidity (A+B+C) 17,830 19,891 E. Current financial debt 6,057 6,588 F. Current portion of non-current financial debt 2,084 1,839 G. Current financial indebtedness (E+F) 8,141 8,427 H. Net current financial indebtedness (G-D) (9,689 ) (11,464 ) I. Non-current financial debt 5,472 6,073 J. Debt instruments 20,452 17,368 K. Non‐current trade and other payables L. Non-current financial indebtedness (I+J+K) 25,924 23,441 M. Total financial indebtedness (H+L) 16,235 11,977 Cash and cash equivalents include €205 million Other current financial assets include: (i) financial assets at fair value through profit or loss, disclosed in note 7 17 Current and non-current debts are disclosed in note 19 Current portion of non-current financial debt and non-current financial debt include lease liabilities of €1,128 million and €4,208 million (€884 million and €4,067 million at December 31, 2022, respectively), of which €480 million (€494 million at December 31, 2022) related to the share of joint operators in upstream projects operated by Eni which will be recovered through a partner cash-call billing process. More information on lease liabilities is reported in note 13 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of other provisions [abstract] | |
Provisions | 2 1 Provisions (€ million) Provisions for site restoration, abandonment and social projects Environmental provisions Provisions for litigations Provisions for taxes other than income taxes Loss adjustments and actuarial provisions for insurance companies Provisions for losses on investments Provisions for OIL insurance coverage Other Total Carrying amount at December 31, 2022 9,322 3,503 947 219 327 189 97 663 15,267 New or increased provisions 310 783 132 16 97 20 3 574 1,935 Initial recognition and changes in estimates 748 748 Accretion discount 284 57 341 Reversal of utilized provisions (731 ) (476 ) (202 ) (16 ) (161 ) (75 ) (1,661 ) Reversal of unutilized provisions (5 ) (224 ) (219 ) (8 ) (15 ) (4 ) (41 ) (516 ) Currency translation differences (156 ) (2 ) (11 ) (4 ) (1 ) (4 ) (178 ) Change in scope of consolidation 88 88 Other changes (390 ) (28 ) 34 (24 ) (18 ) 15 9 (89 ) (491 ) Carrying amount at December 31, 2023 9,470 3,613 681 183 245 208 105 1,028 15,533 The decommissioning p rovision : (i) for € 8,027 dismantling oil and natural gas on facilities at the end of the producing lives of fields, well-plugging, site clean-up and environmental restoration ; (ii) for € 817 costs , relating for € 442 to the estimate d as part of the commitments between Eni SpA and the Basilicata region in relation to the oil development program in the Val d’Agri concession area ; (iii) for € 547 dismantling and restoration costs of production lines and auxiliary logistics structures of the Enilive and Refining business. In 202 3 , the main changes in the decommissioning provision related to : (i) revis ion of cost s relating to o il & as assets completely written-down or no more producing ; (ii) a €92 d ismantling production lines and auxiliary refining logistics structures for which management assessed the absence of economic prospects in the current scenario of refined products, as well as lack of any economic options of reconversion or reuse in a decarbonisation ; (iii) for €33 decommissioning . Initial recognition and changes e s were primarily recognized at assets in UK, Italy, USA and Libya . T he provision also increased due to a n rates in relation to the down ward movement of the Euro yield curve . The unwinding of discount recognized through profit and loss was determined based on discount rates ranging from 2.2 % to 5.4 % (from -0.3 % to 6.1 % at December 31, 202 2 ) . Change s in the scope of consolidation mainly refer red to Exploration & Production segment for € 87 million. Main expenditures associated with decommissioning operations are expected to be incurred over a fifty -year period , with utilizations essentially starting after 12 months . Provisions for environmental risks included the estimated costs for environmental clean-up and remediation of soil and groundwater in areas owned or under concession where the Group performed in the past industrial operations that were progressively divested, shut down, dismantled or restructured. The provision was accrued because at the balance sheet date there is a legal or constructive obligation for Eni to carry out environmental clean-up and remediation and the expected costs can be estimated reliably. The provision included the expected charges associated with strict liability related to obligations of cleaning up and remediating polluted areas that met the parameters set by law at the time when the pollution occurred but presently are no more in compliance with current environmental laws and regulations, or because Eni assumed the liability borne by other operators when the Company acquired or otherwise took over site operations. The prerequisite for the recognition of these environmental costs is the evaluation of the probability of their being incurred and the possibility of estimating them reliably. P rovision s related: (i) for €283 million to remediation activities at brownfield sites in Italy and costs related to groundwater treatment s; (ii) for about €200 million to refining plants, depots, fuel distribution systems and oil pipelines ; (iii) for € 58 million to remediation activities at petrochemical plant s . At December 31, 20 2 3 , environmental provision primarily related to Eni Rewind SpA for € 2,391 million and to the Enilive and Refining business line for € 739 million. Litigation provisions comprise d expected liabilities associated with legal proceedings and other matters arising from contractual claims, including arbitrations, fines and penalties due to antitrust proceedings and administrative matters. The provision was allocated on the basis of the best estimate of the existing liability at the balance sheet date and refer red to the Exploration & Production segment for € 290 million. Provisions for uncertain tax matters relate d to the estimated losses that the Company expects to incur to settle tax litigations and tax claims pending with tax authorities in relation to uncertainties in applying rules in force and referred to the Exploration & Production segment for € 154 million. In particular, charges mainly relate to the dispute regarding the taxation of Italian local administrations on Eni offshore platforms located in common territorial waters. Loss adjustments and actuarial provisions of Eni’s insurance company Eni Insurance DAC represented the estimated liabilities accru ed on the basis for third party claims. Against such liability w ere recorded receivables for € 38 million towards insurance companies for reinsurance contracts. Provisions for losses on investments included provisions relating to investments whose loss exceeds equity and primarily related to Industria Siciliana Acido Fosforico - ISAF - SpA (in liquida tion ) for € 168 million. Provisions for the Everen insurance coverage included insurance premiums which will be charged to Eni in the next five years by the mutual insurance company in which Eni participates together with other oil companies . Based on the outlay forecasts in relation to the progress of the restoration and decommissioning activities of depleted oil assets, the short-term portion of the risk provisions amounts to approximately €1.3 billion. |
Provisions for employee benefit
Provisions for employee benefits | 12 Months Ended |
Dec. 31, 2023 | |
Provisions for employee benefits | |
Provisions for employee benefits | 2 2 Provisions for employee benefits (€ million) December 31, 2023 December 31, 2022 Italian defined benefit plans 156 177 Foreign defined benefit plans 121 142 FISDE, foreign medical plans and other 118 126 Defined benefit plans 395 445 Other benefit plans 353 341 Provision for employee benefits 748 786 The liability relating to Eni's commitment to cover the healthcare costs of personnel is determined based on the contributions paid by the Company. Other employee benefit plans related to deferred monetary incentive plans for €120 million, expansion contracts for €118 million, isopensione Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: 2023 2022 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE,foreign medical plans and other Defined benefit plans Other benefit plans Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total Present value of benefit liabilities at beginning of year 177 644 126 947 341 1,288 227 761 162 1,150 301 1,451 Current service cost 1 10 2 13 51 64 1 11 3 15 52 67 Interest cost 6 29 4 39 10 49 2 24 2 28 1 29 Remeasurements: 5 24 1 30 (2 ) 28 (26 ) (118 ) (33 ) (177 ) (22 ) (199 ) - actuarial (gains) losses due to changes in demographic assumptions 1 1 2 (1 ) 1 9 9 (2 ) 7 - actuarial (gains) losses due to changes in financial assumptions 4 8 2 14 1 15 (34 ) (144 ) (35 ) (213 ) (15 ) (228 ) - experience (gains) losses 15 (1 ) 14 (2 ) 12 8 17 2 27 (5 ) 22 Past service cost and (gain) loss on settlements 2 (13 ) 4 (7 ) 91 84 127 127 Plan contributions: 1 1 1 1 1 1 - employee contributions 1 1 1 1 1 1 Benefits paid (37 ) (39 ) (9 ) (85 ) (97 ) (182 ) (28 ) (30 ) (8 ) (66 ) (87 ) (153 ) Reclassification to liabilities directly associated with assets held for sale (147 ) (6 ) (153 ) (2 ) (155 ) (2 ) (2 ) (4 ) (4 ) Currency translation differences and other changes 2 (129 ) (4 ) (131 ) (39 ) (170 ) 1 (3 ) 2 (31 ) (31 ) Present value of benefit liabilities at end of year (a) 156 380 118 654 353 1,007 177 644 126 947 341 1,288 Plan assets at beginning of year 503 503 503 633 633 633 Interest income 19 19 19 18 18 18 Return on plan assets (117 ) (117 ) (117 ) Past service cost and (gains) losses settlements (1 ) (1 ) (1 ) Plan contributions: 25 25 25 14 14 14 - employee contributions 1 1 1 1 1 1 - employer contributions 24 24 24 13 13 13 Benefits paid (31 ) (31 ) (31 ) (21 ) (21 ) (21 ) Reclassification to liabilities directly associated with assets held for sale (123 ) (123 ) (123 ) Currency translation differences and other changes (132 ) (132 ) (132 ) (23 ) (23 ) (23 ) Plan assets at end of year (b) 261 261 261 503 503 503 Asset ceiling at beginning of year 1 1 1 1 1 1 Change in asset ceiling 1 1 1 Asset ceiling at end of year (c) 2 2 2 1 1 1 Net liability recognized at end of year (a-b+c) 156 121 118 395 353 748 177 142 126 445 341 786 Costs charged to the profit and loss account, valued using actuarial assumptions, consisted of the following: (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total 2023 Current service cost 1 10 2 13 51 64 Past service cost and (gains) losses on settlements 2 (13 ) 4 (7 ) 91 84 Interest cost (income), net: - interest cost on liabilities 6 29 4 39 10 49 - interest income on plan assets (19 ) (19 ) (19 ) Total interest cost (income), net 6 10 4 20 10 30 - of which recognized in "Payroll and related cost" 10 10 - of which recognized in "Financial income (expense)" 6 10 4 20 20 Remeasurements for long-term plans (2 ) (2 ) Administrative fees paid Total 9 7 10 26 150 176 - of which recognized in "Payroll and related cost" 3 (3 ) 6 6 150 156 - of which recognized in "Financial income (expense)" 6 10 4 20 20 2022 Current service cost 1 11 3 15 52 67 Past service cost and (gains) losses on settlements 127 127 Interest cost (income), net: - interest cost on liabilities 2 24 2 28 1 29 - interest income on plan assets (18 ) ( ) (18 ) Total interest cost (income), net 2 6 2 10 1 11 - of which recognized in "Payroll and related cost" 1 1 - of which recognized in "Financial income (expense)" 2 6 2 10 10 Remeasurements for long-term plans (22 ) (22 ) Administrative fees paid 1 1 1 Total 3 18 5 26 158 184 - of which recognized in "Payroll and related cost" 1 12 3 16 158 174 - of which recognized in "Financial income (expense)" 2 6 2 10 10 F-80 Table of Contents Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2023 2022 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Actuarial (gains)/losses due to changes in demographic assumptions 1 1 2 9 9 Actuarial (gains)/losses due to changes in financial assumptions 4 8 2 14 (34 ) (144 ) (35 ) (213 ) Experience (gains) losses 15 (1 ) 14 8 17 2 27 Return on plan assets 117 117 Changes in asset ceiling 1 1 Remeasurements 5 25 1 31 (26 ) (1 ) (33 ) (60 ) Plan assets consisted of the following: (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by insurance companies Other Total December 31, 2023 Plan assets with a quoted market price 4 24 121 11 55 5 15 235 Plan assets without a quoted market price 26 26 4 24 121 11 55 31 15 261 December 31, 2022 Plan assets with a quoted market price 23 25 260 11 4 4 26 146 499 Plan assets without a quoted market price 4 4 23 25 260 11 4 4 30 146 503 The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 2024 consisted of the following: Italian defined benefit plans Foreign defined benefit plans FISDE Other benefit plans 2023 Discount rate (%) 3.1 1.4-25.9 3.1 3.1-3.3 Rate of compensation increase (%) 3.0 1.9-20.0 Rate of price inflation (%) 2.0 1.2-15.5 2.0 2.0 Life expectations on retirement at age 65 (years) 14-23 24 2022 Discount rate (%) 3.7 2.2-15.4 3.7 3.4-3.7 Rate of compensation increase (%) 3.4 1.9-12.5 Rate of price inflation (%) 2.4 1.2-11.5 2.4 2.4 Life expectations on retirement at age 65 (years) 13-24 24 The following is an analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans: Euro area Rest of Europe Africa Other areas Foreign defined benefit plans 2023 Discount rate (%) 3.2-3.3 1.4-4.5 3.2-25.9 6.9 1.4-25.9 Rate of compensation increase (%) 1.9-3.0 3.0 5.0-20.0 5.0 1.9-20.0 Rate of price inflation (%) 1.9-2.1 1.2-3.4 3.1-15.5 3.5 1.2-15.5 Life expectations on retirement at age 65 (years) 21-23 23 14-18 14-23 2022 Discount rate (%) 3.5-3.8 2.2-4.8 3.8-15.4 7.0 2.2-15.4 Rate of compensation increase (%) 1.9-3.0 3.0-4.0 1.9-12.5 5.0 1.9-12.5 Rate of price inflation (%) 1.9-2.2 1.2-3.5 3.0-11.5 3.0 1.2-11.5 Life expectations on retirement at age 65 (years) 21-22 23-24 13-17 13-24 The effects of a possible change in the main actuarial assumptions at the end of the year are not material. The amount of contributions expected to be paid for employee benefit plans in the next year amounted to €147 million, of which €40 million related to defined benefit plans. The following is an analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration: (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Other benefit plans December 31, 2023 2024 14 24 9 107 2025 13 22 9 103 2026 14 23 7 86 2027 16 22 7 30 2028 18 23 7 14 2029 81 7 79 13 Weighted average duration (years) 6.8 13.6 10.8 2.3 December 31, 2022 2023 14 29 7 94 2024 13 28 7 95 2025 14 26 7 85 2026 17 35 7 30 2027 15 31 7 16 2028 104 (7 ) 91 21 Weighted average duration (years) 7.5 13.2 11.5 2.5 |
Deferred tax assets and liabili
Deferred tax assets and liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Deferred tax assets and liabilities | |
Deferred tax assets and liabilities | 2 3 Deferred tax assets and liabilities (€ million) December 31, 2023 December 31, 2022 Deferred tax liabilities before offsetting 8,461 9,315 Deferred tax assets available for offset (3,759 ) (4,221 ) Deferred tax liabilities 4,702 5,094 Deferred tax assets before offsetting (net of accumulated write-down provisions) 8,241 8,790 Deferred tax liabilities available for offset (3,759 ) (4,221 ) Deferred tax assets 4,482 4,569 The most significant temporary differences giving rise to net deferred tax assets and liabilities are disclosed below: (€ million) Carrying amount at December 31, 2023 Carrying amount at December 31, 2022 Deferred tax liabilities Accelerated tax depreciation 6,028 6,707 Derivative financial instruments 451 788 Difference between the fair value and the carrying amount of assets acquired 305 288 Site restoration and abandonment (tangible assets) 265 276 Leasing 150 162 Application of the weighted average cost method in evaluation of inventories 47 52 Other 1,215 1,042 8,461 9,315 Deferred tax assets, gross Carry-forward tax losses (5,677 ) (6,752 ) Site restoration and abandonment (provisions for contingencies) (1,802 ) (1,986 ) Timing differences on depreciation and amortization (1,567 ) (1,710 ) Impairment losses (1,517 ) (1,490 ) Accruals for impairment losses and provisions for contingencies (1,279 ) (1,246 ) Leasing (198 ) (182 ) Employee benefits (168 ) (161 ) Unrealized intercompany profits (57 ) (68 ) Derivative financial instruments (236 ) (60 ) Over/Under lifting (124 ) (59 ) Other (1,284 ) (1,246 ) (13,909 ) (14,960 ) Accumulated write-downs of deferred tax assets 5,668 6,170 Deferred tax assets, net (8,241 ) (8,790 ) The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax liabilities before offsetting Deferred tax assets before offsetting, gross Accumulated write-downs of deferred tax assets Deferred tax assets before offsetting net of accumulated write-down provisions 2023 Carrying amount - beginning of the year 9,315 (14,960 ) 6,170 (8,790 ) Additions 654 (2,161 ) 639 (1,522 ) Deductions (1,099 ) 2,565 (861 ) 1,704 Changes with effect to OCI (69 ) 223 223 Currency translation differences (247 ) 213 (68 ) 145 Change in scope of consolidation 348 (183 ) 13 (170 ) Other changes (441 ) 394 (225 ) 169 Carrying amount - end of the year 8,461 (13,909 ) 5,668 (8,241 ) 2022 Carrying amount - beginning of the year 10,668 (17,150 ) 8,604 (8,546 ) Additions 1,176 (2,215 ) 464 (1,751 ) Deductions (1,351 ) 2,532 (2,409 ) 123 Changes with effect to OCI 382 (147 ) (147 ) Currency translation differences 611 (610 ) 165 (445 ) Change in scope of consolidation (1,951 ) 2,279 (549 ) 1,730 Other changes (220 ) 351 (105 ) 246 Carrying amount - end of the year 9,315 (14,960 ) 6,170 (8,790 ) Carry-forward tax losses amounted to € 21,896 million , of which € 17,319 million can be carried forward indefinitely. Carry-forward tax losses were € 12,063 million at Italian subsidiaries and €9,833 million at foreign subsidiaries. Deferred tax assets gross of accumulated write-downs recognized on these losses amounted to €2,895 million and €2,782 million, respectively. The I talian tax law allows the carry-forward of tax losses indefinitely. Foreign tax laws generally allow the carry-forward of tax losses over a period longer than five A tax rate of 24 % was applied to tax losses of Italian subsidiaries to determine the portion of the carry-forwards tax losses. The corresponding average rate for foreign subsidiaries was 28.3 %. Accumulated write-downs of deferred tax assets related to Italian companies for € 3,975 million and non-Italian companies for € 1,693 million. Deferred tax assets of Italian companies of €538 million were restored in relation to an expected higher taxable income . Taxes are also described in note 3 3 – Income taxes. |
Derivative financial instrument
Derivative financial instruments and hedge accounting | 12 Months Ended |
Dec. 31, 2023 | |
Derivative financial instruments and hedge accounting | |
Derivative financial instruments and hedge accounting | 2 4 Derivative financial instruments and hedge accounting December 31, 2023 December 31, 2022 (€ million) Fair value asset Fair value liability Level of Fair value Fair value asset Fair value liability Level of Fair value Non-hedging derivatives Derivatives on exchange rate - Currency swap 70 168 2 110 132 2 - Interest currency swap 84 2 1 144 2 - Outright 3 12 2 70 252 114 288 Derivatives on interest rate - Interest rate swap 62 34 2 137 58 2 62 34 137 58 Derivatives on commodities - Over the counter 2,902 2,103 2 9,571 8,663 2 - Future 3,027 2,905 1 6,886 5,764 1 - Options 106 114 2 2 1 - Other 11 2 80 2 6,046 5,122 16,457 14,509 6,178 5,408 16,708 14,855 Cash flow hedge derivatives Derivatives on commodities - Over the counter 80 13 2 - Future 339 192 1 80 13 339 192 Derivatives on interest rate - Interest rate swap 6 1 21 2 6 21 86 13 360 192 Options - Other options 41 2 144 3 41 144 Gross amount 6,264 5,462 17,068 15,191 Offsetting (2,895 ) (2,895 ) (5,863 ) (5,863 ) Net amount 3,369 2,567 11,205 9,328 Of which: - current 3,323 2,414 11,076 9,042 - non-current 46 153 129 286 Eni is exposed to market risk, which is the risk that changes in prices of energy commodities, exchange rates and interest rates could reduce the expected cash flows or the fair value of the assets. Eni enters into financial and commodities derivatives traded on organized markets (like MTF and OTF) and into commodities derivatives traded over the counter (swaps, forward, contracts for differences and options on commodities) to reduce this risk in relation to the underlying commodities , currencies or interest rates a nd, to a limited extent in compliance with internal authorization thresholds, with speculative purposes to profit from expected market trends . Derivative s fair values were estimated based on market quotations provided by primary info-provider or, alternatively, appropriate valuation techniques generally adopted in the marketplace. Fair values of non-hedging derivatives essentially comprised forward sale contracts of natural gas for physical delivery which were not entitled to the own use exemption, as well as derivatives for proprietary trading activities . Fair value of cash flow hedge derivatives essentially related to commodity hedges were entered into by the Global Gas & LNG Portfolio segment. These derivatives were entered into to hedge variability in future cash flows associated with highly probable future trade transactions of gas or electricity or on already contracted trades due to different indexation mechanism s of supply costs versus selling prices. A similar scheme applies to exchange rate hedging derivatives. The existence of a relationship between the hedged item and the hedging derivative is checked at inception to verify eligibility for hedge accounting by observing the offset in changes of the fair values at both the underlying commodity and the derivative. The hedging relationship is also stress-tested against the level of credit risk of the counterparty in the derivative transaction. The hedge ratio is defined consistently with the Company’s risk management objectives, under a defined risk management strategy. The hedging relationship is discontinued when it ceases to meet the qualifying criteria and the risk management objectives on the basis of which hedge accounting has initially been applied. The effects of the measurement at fair value of cash flow hedge derivatives are given in note 2 6 – Equity . Information on hedged risks , the hedging policies are disclosed in note 2 8 – Guarantees, commitments and risks - Risk factors. Eni entered into sustainability-linked interest rate swaps with leading banking institutions which provide for a cost adjustment mechanism linked to the achievement of certain sustainability targets. At December 31, 202 3 , the fair value of these contracts amounted to positive € 15 million. In 202 3 , t he exposure to the exchange rate risk deriving from securities denominated in U . S . dollars included in the strategic liquidity portfolio amounting to € 2,562 million was hedged by using, in a fair value hedge relationship, posi tive exchange differences for € 75 million resulting on a portion of bonds denominated in U . S . dollars amounting to € 2,135 million. The offsetting of financial derivatives primarily related to Eni Global Energy Markets SpA . During 20 2 3 , there were no transfers between the different hierarchy levels of fair value. Hedging derivative instruments are disclosed below: December 31, 2023 December 31, 2022 (€ million) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Cash flow hedge derivatives Derivatives on commodity - Over the counter 310 147 6 83 (4 ) - Future (23 ) 1,350 (3,912 ) 275 - Other 9 310 124 6 1,433 (3,907 ) 275 Derivatives on interest rate - Interest rate swap 128 (19 ) 127 24 128 (19 ) 127 24 438 105 6 1,560 (3,883 ) 275 The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2023 December 31, 2022 (€ million) Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Cash flow hedge derivatives Commodity price risk - Planned sales (169 ) 56 (436 ) 4,059 (499 ) (4,666 ) (169 ) 56 (436 ) 4,059 (499 ) (4,666 ) Derivatives on interest rate - hedged flows (19 ) (6 ) (15 ) 16 (11 ) (19 ) (6 ) (15 ) 16 (11 ) (169 ) 50 (436 ) 4,044 (483 ) (4,677 ) More information is reported in note 2 8 Financial risks . Effects recognized in other operating profit (loss) Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2023 2022 2021 Net income (loss) on cash flow hedging derivatives 6 275 (51 ) Net income (loss) on other derivatives 472 (2,011 ) 954 478 (1,736 ) 903 Net income (loss) on cash flow hedging derivatives related to the ineffective portion of the hedging relationship on commodity derivatives was recognized through profit and loss. Net income (loss) on other derivatives included the fair value measurement and settlement of commodity derivatives which could not be elected for hedge accounting under IFRS because they related to net exposure to commodity risk and derivatives for trading purposes and proprietary trading. Effects recognized in finance income (loss) (€ million) 2023 2022 2021 Derivatives on exchange rate (63 ) (70 ) (322 ) Derivatives on interest rate 2 81 16 Options 2 (61 ) 13 (306 ) Net financial income from derivative financial instruments was recognized in connection with the fair value valuation of certain derivatives which lacked the formal criteria to be treated in accordance with hedge accounting under IFRS , as they were entered into for amounts equal to the net exposure to exchange rate risk and interest rate risk, and as such, they cannot be referred to specific trade or financing transactions. Exchange rate derivatives were entered into in order to manage exposures to foreign currency exchange rates arising from the pricing formulas of commodities. More information is disclosed in note 36 |
Assets held for sale and liabil
Assets held for sale and liabilities directly associated with assets held for sale | 12 Months Ended |
Dec. 31, 2023 | |
Assets held for sale and liabilities directly associated with assets held for sale | |
Assets held for sale and liabilities directly associated with assets held for sale | 2 5 Assets held for sale and liabilities directly associated with assets held for sale As of December 31, 20 2 3 , assets held for sale of € 2,609 million (€264 million at 31 December 202 2 ) and directly associated liabilities of € 1,862 million (€108 million at 31 December 202 2 ) mainly concern ed t he agreement for the sale of onshore assets in Nigeria and some licenses and exploration permits in Congo. The carrying amount of assets held for sale and liabilities directly associated amounted to € 2,597 million (of which current assets € 846 million) and € 1,862 million (of which current liabilities €681 million) , respectively. During 2023 , assets reclassified to held for sale in the 20 22 financial statements relating to natural gas transportation activities from Algeria and exploration activities in Gabon were sold (see note 5 Business combinations and other significant transactions ) . |
Equity
Equity | 12 Months Ended |
Dec. 31, 2023 | |
Equity | |
Equity | 2 6 Equity Non -controlling interest Net Profit Equity (€ million) 2023 2022 December 31, 2023 December 31, 2022 EniPower Group 86 54 406 373 Eni Plenitude Group 3 20 54 97 Others 1 89 74 460 471 Equity attributable to equity holders of Eni (€ million) December 31, 2023 December 31, 2022 Share capital 4,005 4,005 Retained earnings 32,988 23,455 Cumulative currency translation differences 5,238 7,564 Other reserves and equity instruments: - Perpetual subordinated bonds 5,000 5,000 - Legal reserve 959 959 - Reserve for treasury shares 2,333 2,937 - Reserve for OCI on cash flow hedging derivatives net of tax effect 36 (342 ) - Reserve for OCI on defined benefit plans net of tax effect (88 ) (58 ) - Reserve for OCI on equity-accounted investments 98 46 - Reserve for OCI on other investments valued at fair value 98 53 - Reserve for convertible bond issue 79 - Other reserves 190 Treasury shares (2,333 ) (2,937 ) Profit for the year 4,771 13,887 53,184 54,759 Share capital As of December 31, 20 2 3 , the parent company’s issued share capital consisted of €4,005,358,876 (same amount as of December 31, 202 2 ) represented by 3,375,937,893 ordinary shares without nominal value ( 3,571,487,977 ordinary shares at December 31, 202 2 ) . On May 10, 2023, Eni’s Shareholders’ Meeting resolved: (i) to distribute available reserves by way of and in place of the payment of the dividend for the year 2023 €0.24 per share), November 2023 (for an amount equal to €0.23 per share), March 2024 (for an amount equal to €0.24) and May 2024 (for an amount equal to €0.23); (ii) to cancel 195,550,084 treasury shares with no par value without changing the amount of the share capital and reducing the related reserve by the amount of €2,400 million (equal to the carrying value of the cancelled shares); (iii) to authorize the Board of Directors pursuant to and for the purposes of Art. 2357 ’s ordinary shares in a maximum number equal to 337,000,000 by April 30, 2024 purpose of remunerating Shareholders; (b) up to a maximum of 62,000,000 shares for setting up the so-called stock. In execution of this resolution, as of December 31 , 2023 128,894,264 treasury shares had been purchased for a total value of € 1,837 million. Cumulative foreign currency translation differences The cumulative foreign currency translation differences arose from the translation of financial statements denominated in currencies other than euro. Perpetual subordinated hybrid bonds The hybrid bonds are governed by English law and are traded on the regulated market of the Luxembourg Stock Exchange . As of December 31, 202 3 , hybrid bonds amounted to € 5 billion (same amount as at December 31, 202 2 ) . The key characteristics of the two 5 5 ; (iii) an issue of €1 billion perpetual 6-year subordinated non-call hybrid notes with a re-offer price of 100% and an annual fixed coupon of 2.000% until the first reset date of May 11, 2027. As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the bond will bear interest per annum determined according to the relevant 5 May 11, 2047 ; (iv) an issue of €1 billion perpetual 9-year subordinated non-call hybrid notes with a re-offer price of 99.607 % and an annual fixed coupon of 2.750 % until the first reset date of May 11, 2030 . As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the bond will bear interest per annum determined according to the relevant 5 277.1 basis points, increased by additional 25 basis points as from May 11, 2035 and a subsequent increase of additional 75 basis points as from May 11, 2050 . Legal reserve This reserve represents earnings restricted from the payment of dividends pursuant to Article 2430 Reserve for treasury shares The reserve for treasury shares represents the reserve that was established in previous reporting period s to repurchase the Company shares in accordance with resolutions at Eni’s Shareholders’ Meetings. Reserves for Other Comprehensive Income Reserve for OCI on cash flow hedge derivatives Reserve for OCI on defined benefit plans Reserve for OCI on equity-accounted investments (*) Reserve for OCI on investments valued at fair value (€ million) Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Reserve as of December 31, 2022 (483 ) 141 (342 ) ( 20 ) (38 ) (58 ) 46 53 Changes of the year 105 (32 ) 73 (31 ) 10 (21 ) 52 45 Currency translation differences (43 ) 34 (9 ) Reversal to inventories adjustments (8 ) 3 (5 ) Reclassification to retained earnings Changes in scope of consolidation Reclassification adjustments 436 (126 ) 310 Reserve as of December 31, 2023 50 (14 ) 36 (94 ) 6 (88 ) 98 98 Reserve as of December 31, 2021 (1,269 ) 373 (896 ) (84 ) (33 ) (117 ) 54 141 Changes of the year (3,883 ) 1,133 (2,750 ) 60 (5 ) 55 92 56 Currency translation differences 1 1 Reversal to inventories adjustments (8 ) 2 (6 ) Reclassification to retained earnings (144 ) Changes in scope of consolidation 3 3 1 Reclassification adjustments 4,677 (1,367 ) 3,310 (101 ) Reserve as of December 31, 2022 (483 ) 141 (342 ) (20 ) (38 ) (58 ) 46 53 (*) D ecember 31 2023 €1 million Treasury shares A total of 157,115,336 of Eni’s ordinary shares ( 226,097,834 at December 31, 202 2 ) were held in treasury for a total cost of € 2,333 million (€ 2,937 million at December 31, 202 2 ) . During 202 3 , 128,894,264 shares were acquired, for a total value of € 1,837 million, 195,550,084 treasury shares have been cancelled for a total value of € 2,400 million and 2,326,678 treasury shares were assigned free of charge to Eni executives , following the conclusion of the Vesting Period as required by the “Long-Term Monetary Incentive Plan 20 20 - 20 22 ” approved by Eni's Shareholders' Meeting of May 13, 20 20 . Distributable reserves As of December 31, 20 2 3 , equity attributable to Eni included distributable reserves of approximately €43 billion. Reconciliation of profit and equity of the parent company Eni SpA to the consolidated profit and equity Profit Shareholders’ equity (€ million) 2023 2022 December 31, 2023 December 31, 2022 As recorded in Eni SpA's Financial Statements 3,272 5,403 51,019 52,520 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company 3,202 7,375 (814 ) (1,302 ) Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity 153 153 - adjustments to comply with Group accounting policies (2,266 ) 797 3,774 4,468 - elimination of unrealized intercompany profits 86 124 (437 ) (533 ) - deferred taxation 566 262 (51 ) (76 ) 4,860 13,961 53,644 55,230 Non-controlling interest (89 ) (74 ) (460 ) (471 ) As recorded in Consolidated Financial Statements 4,771 13,887 53,184 54,759 |
Other information
Other information | 12 Months Ended |
Dec. 31, 2023 | |
Other information | |
Other information | 2 7 Other information Supplemental cash flow information (€ million) 2023 2022 2021 Investment in consolidated subsidiaries and businesses Current assets 408 147 262 Non-current assets 1,985 1,981 1,124 Net borrowings (91 ) (541 ) (486 ) Current and non-current liabilities (622 ) (366 ) (349 ) Net effect of investments 1,680 1,221 551 Goodwill 25 482 1,574 Fair value of investments held before the acquisition of control (271 ) (21 ) (99 ) Non-controlling interests (2 ) (15 ) (4 ) Purchase price 1,432 1,667 2,022 less: Cash and cash equivalents acquired (155 ) (31 ) (121 ) Consolidated subsidiaries and businesses net of cash and cash equivalent acquired 1,277 1,636 1,901 Disposal of consolidated subsidiaries and businesses Current assets 130 1,377 2 Non-current assets 153 8,618 Net borrowings 180 (2,085 ) Current and non-current liabilities (124 ) (2,351 ) Net effect of disposals 339 5,559 2 Current value of the stake held for business combinations (580 ) (5,726 ) Reclassification among other items of OCI (7 ) (918 ) Gain on disposal of business combinations 427 2,704 Fair value of share capital held after the sale of control 414 Credits for divestments (173 ) (1,609 ) Selling price 420 10 2 less: Cash and cash equivalents sold (25 ) (70 ) Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination 395 (60 ) 2 Business combination Unión Fenosa Gas Investment in Unión Fenosa Gas sold 232 less: Investments and businesses acquired Current assets 370 Non-current assets 378 Net borrowings (128 ) Long-term and short-term liabilities (420 ) Total investments and businesses acquired 200 Total net disposals 32 less: Cash and cash equivalents acquired 42 Business combination Unión Fenosa Gas net of cash and cash equivalent acquired 74 Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of 395 (60 ) 76 Investments and disposals in 202 3 are disclosed in note 5 c ombinations and other significant transactions. Investments in 202 2 concerned: (i) the 100% acquisition of the company SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA), which owns a pipeline of photovoltaic projects totalling around 800 MW in Greece ; (ii) the acquisition of the Corazon I Solar plant with 266 MW of capacity, in Texas (USA) and the Guajillo storage project; (iii) the acquisition of 100% of the company Energía Eólica Boreas SLU, with a generation capacity of 104.5 MW ; (iv) the acquisition of a 100% stake in the company Export LNG Ltd which owns the Tango FLNG floating liquefaction plant ; (v) the acquisitions of PLT Energia Srl ( now Eni Plenitude Wind & Energy Srl) and SEF Srl ( now Eni Plenitude Solar & Miniwind Italia Srl) . Disposals in 202 2 concerned : (i) the establishment by bp and Eni of Azule Energy Holdings Ltd, a 50/50 joint venture combining the two partners' Angolan hydrocarbon exploration and production assets. The transaction resulted in the loss of control of Eni Angola SpA, Eni Angola Exploration BV and Eni Angola Production BV which were contributed to Azule Energy Holdings Ltd in exchange of a 50% stake in the new entity ; (ii) the disposal of 100% of the consolidated company Eni North Sea Wind Ltd which owned a 20% interest in the Dogger Bank A, B and C projects in the United Kingdom to the Norwegian joint venture Vårgrønn AS (Eni's interest 65%) ; (iii) the dispos al of the stakes in exploration and production activities in Pakistan. Investments in 2021 concerned : (i) the acquisition of a 100% stake of Aldro Energía y Soluciones SLU (now Eni Plenitude Iberia SLU) active in the market for the sale of power, gas and services in the retail business; (ii) the acquisition of a 100% stake of the company FRI-EL Biogas Holding (now EniBioCh 4 thirteen (iv) the acquisition of Dhamma Energy Group; (v) the acquisition from Azora Capital of a portfolio of nine 2020 i i) a 100% stake in Be Power, acquired by Zouk Capital and Aretex, companies active in the segment of charging infrastructure for power mobility. Disposals in 2021 concerned the restructuring of the joint venture Unión Fenosa Gas SA following the agreements with the authorities of the Arab Republic of Egypt (ARE) and the Spanish partner Naturgy for the resolution of all outstanding issues of the joint venture with Egyptian partners which resulted in an overall cash adjustment for the benefit of Eni, represented in the disposals. Business combinations The provisional and definitive price allocation of the net assets acquired in 202 2 is shown below: (€ million) Energía Eólica Boreas SLU (Provisional allocation) Energía Eólica Boreas SLU (Definitive allocation) PLT (PLT Energia Srl e SEF Srl) (Provisional allocation) PLT (PLT Energia Srl e SEF Srl) (Definitive allocation) Current assets 1 1 145 145 Property, plant and equipment 100 100 532 532 Goodwill 18 16 412 390 Other non-current assets 157 160 288 337 Cash and cash equivalent (Net borrowings) (59 ) (59 ) (390 ) (390 ) Current and non-current liabilities (114 ) (115 ) (237 ) (264 ) Net effects of investments 103 103 750 750 Advances paid in 2021 (16 ) (16 ) Total purchase price 87 87 750 750 Following the definitive allocation of the 202 2 b usiness c ombinations, financial statements were not restated taking into account the immateriality of the changes. |
Guarantees, commitments and ris
Guarantees, commitments and risks | 12 Months Ended |
Dec. 31, 2023 | |
Guarantees, commitments and risks | |
Guarantees, commitments and risks | 28 Guarantees (€ million) December 31, 2023 December 31, 2022 Consolidated subsidiaries 7,772 7,082 Unconsolidated subsidiaries 196 202 Joint ventures and associates 9,294 9,802 Others 398 477 17,660 17,563 Guarantees issued on behalf of consolidated subsidiaries primarily consisted of: (i) autonomous guarantee contracts given to third parties relating to bid bonds and performance bonds for € 3,783 million (€ 3,282 million at December 31, 202 2 ) ; (ii) autonomous guarantee contracts issued by the Exploration & Production segment primarily in relation to oil & gas activities for € 1,096 million (€ 1,098 million at December 31, 202 2 ) ; (iii) autonomous guarantee contracts issued to cover the sale of stored gas, gas transportation and potential exposures to the gas system in Italy for € 385 million (€ 388 million at December 31, 202 2 ) ; (iv) guarantees issued to social security institutes in relation to employee redundancy incentive agreements for €375 million (€205 million at December 31, 2022 ; (v) guarantees issued towards financial administration for credits VAT refunds for €258 million (€47 million at 31 December 2022). At December 31, 202 3 , the underlying commitment issued on behalf of consolidated subsidiaries covered by these guarantees was € 7,662 million (€ 7,003 million at December 31, 202 2 ). Guarantees issued on behalf of joint ventures and associates primarily consisted of: (i) autonomous guarantee contracts given to the Azule Group for € 3,055 million (€ 3,164 million at December 31, 202 2 ) relating to leasing contracts of FPSO vessels to be used as part of the development projects in Angola; (ii) guarantees issued against the contractual commitments undertaken by Vår Energi ASA in relation to Oil&Gas activities for €2,013 million (€2,151 million at 31 December 2022); ( i ii) autonomous guarantee contracts and other personal guarantees given to third parties relating to bid bonds and performance bonds for € 1,397 million (€ 1,613 million at December 31, 202 2 ) of which € 1,327 million (€ 1,378 million at December 31, 202 2 ) related to guarantees issued towards the contractors who were building a floating vessel for gas liquefaction and exportation (FLNG) as part of the Coral development project offshore Mozambique; (iv) autonomous guarantee contracts issued towards banks and other lending institutions for € 1,448 million (€ 1,499 million at December 31, 202 2 ) in relation to loans and lines of credit received as part of the Coral development project offshore Mozambique with respect to the financing agreements of the project with Export Credit Agencies and banks; ( v ) autonomous guarantee contracts issued in favor of third parties for the investment in the offshore wind project of Dogger Bank for € 1,272 million (€ 1,259 million at December 31, 202 2 ) . At December 31, 202 3 , the underlying commitment issued on behalf of joint ventures and associates covered by these guarantees was € 6,077 million (€ 6,859 million at December 31, 202 2 ). As provided by the contract that regulates the petroleum activities in Area 4 which are located exclusively within the concession area , an irrevocable and unconditional parent company guarantee in respect of any possible claims or any contractual breaches in connection with the petroleum activities to be carried out in the contractual area, including those activities in charge of the special purpose entities like Coral FLNG SA, to the benefit of the Government of Mozambique and third parties. The obligation of the guarantor towards the Government of Mozambique is unlimited (non-quantifiable commitments), whereas they provide a maximum liability of € 1,357 million in respect of third-parties claims. This guarantee will be effective until the completion of any decommissioning activity related to both the development plan of Coral as well as any development plan to be executed within Area 4 venture Mozambi que Rovuma Venture SpA, in proportion to their respective participating interest in Area 4 Guarantees issued on behalf of third parties consisted of: (i) a guarantee issued in favor of Gulf LNG Energy and Gulf LNG Pipeline on behalf of Angola LNG Supply Service Llc to cover contractual commitments of paying re-gasification fees for € 184 million (€ 190 million at December 31, 202 2 ); (ii) the share of the guarantee attributable to the State oil Company of Mozambique ENH, which was assumed by Eni in favor of the consortium financing the construction of the Coral project FLNG vessel for € 161 million (€ 167 million at December 31, 202 2 ) . At December 31, 202 3 , the underlying commitment issued on behalf of third parties covered by these guarantees was € 296 million (€ 323 million at December 31, 202 2 ). Commitments and risks (€ million) December 31, 2023 December 31, 2022 Commitments 79,513 77,481 Risks 1,140 1,228 80,653 78,709 Commitments related to: (i) parent company guarantees that were issued in connection with certain contractual commitments for hydrocarbon exploration and production activities and quantified, based on the capital expenditures to be incurred, to be € 73,615 million (€ 73,334 million at December 31, 202 2 ); (ii) a parent company guarantee of € 3,619 million (€ 3,748 million at December 31, 202 2 ) given on behalf of Eni Abu Dhabi Refining & Trading BV following the Share Purchase Agreement to acquire from Abu Dhabi National Oil Company (ADNOC) a 20% equity interest in ADNOC Refining and the set-up of ADNOC Global Trading Ltd dedicated to marketing petroleum products. The parent company guarantee still outstanding has been issued to guarantee the obligations set out in the Shareholders Agreements and will remain in force as long as the investment is maintained; (iii) commitments in the Exploration & Production segment for the purchase of Neptune Energy Group Limited ("Neptune") for about € 2 billion; ( i v ) commitments in the Plenitude business line for the purchase of renewable energy projects in Spain , United States and Italy for €107 million € 210 million at December 31, 2022) . Risks relate to potential risks associated with: (i) contractual assurances given to acquirers of certain investments and businesses of Eni for € 250 million (€ 262 million at December 31, 202 2 ); (ii) assets of third parties under the custody of Eni for € 879 million (€ 957 million at December 31, 202 2 ). Other commitments and risks A parent company guarantee was issued on behalf of Cardón IV SA (Eni ’s interest 50%), a joint venture operating the Perla gas field located in Venezuela, for the supply to PDVSA GAS of the volumes of gas produced by the field until the end of the concession agreement ( 2036 billion. Notwithstanding this amount does not properly represent the guarantee exposure, nonetheless such amount represents the maximum financial exposure at risk for Eni. A similar guarantee was issued by PDVSA on behalf of Eni for the fulfillment of the purchase commitments of the gas volumes by PDVSA GAS. Other commitments include the agreements entered into for forestry initiatives, implemented within the low carbon strategy defined by the Company, concerning the commitments for the purchase, until 2038 On February 5, 2021, EniServizi SpA (EniServizi) signed on behalf of Eni SpA (Eni) an addendum to the lease contract of a property to be built signed in July 2017 between Eni and the management company of the real estate investment fund owner of the new complex construction in San Donato Milanese (the Property), including the postponement of the delivery date of the property from July 28, 2020 31, 2021 Subsequently, on June 16, 2023, the parties agreed to start the delivery procedures despite the absence of completion (scheduled for April 2024) of one of the car parks adjacent to the real estate complex. The inspections and preparatory controls to the delivery involved a series of activities to remedy defects and substantial discrepancies on the part of the Property to be carried out before delivery and still being completed, with consequent failure to complete the same by December 31, 2023. Eni has therefore applied to the Property the penalties for late delivery provided for in the Contract, supported by first demand sureties for the amount of €16.86 million, equal to approximately €30 million. In addition, Eni is is exposed to non-quantifiable risks related to contractual guarantees issued in case of certain Eni transactions, including loss of control of subsidiaries and divestment of businesses and investments, against certain contingent liabilities deriving from tax, social security contributions, environmental issues and other matters applicable to periods during which such assets were operated by Eni or as result of Eni’s loss of control of formerly consolidated subsidiaries . Eni believes such matters will not have a material adverse effect on Eni’s results of operations and cash flow. Eni has in place long-term natural gas supply contracts with the Russian company Gazprom. During 2023 supplies to Eni, which has regularly recognized the minimum contractual quantities, were effectively reduced to zero contractual commitments, expects this situation to continue in 2024 also considering that the external context has not undergone any changes. Risk factors The following is the description of financial risks and their management and control. With reference to the issues related to credit risk, the parameters adopted for the determination of expected losses and the estimates of the probability of default and the loss given default have been updated to take into account the current energy crisis and the impacts associated with the conflict s between Russia and Ukraine and in the Middle East . As of December 31, 202 3 , the Company retains liquidity reserves that management deems enough to meet the financial obligations due in the next eighteen months Financial risks Financial risks are managed in respect of the guidelines issued by the Board of Directors of Eni SpA in its role of directing and setting the risk limits, targeting to align and centrally coordinate Group companies’ policies on financial risks (“Guidelines on financial risks management and control”). The “Guidelines” define for each financial risk the key components of the management and control process, such as the target of the risk management, the valuation methodology, the structure of limits, the relationship model and the hedging and mitigation instruments. Market risk Market risk is the possibility that changes in currency exchange rates, interest rates or commodity prices will adversely affect the value of the Group’s financial assets, liabilities or expected future cash flows. The Company actively manages market risk in accordance with a set of policies and guidelines that provide a centralized model of handling finance, treasury and risk management transactions based on the Company’s departments of operational finance: the parent company’s (Eni SpA) finance department, Eni Finance International SA - merged into Eni SpA in December 2023 - and Banque Eni SA, which is subject to certain bank regulatory restrictions preventing the Group’s exposure to concentrations of credit risk, and Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA that are in charge to execute certain activities relating to commodity derivatives. In particular, Eni Corporate finance department ( and Eni Finance International SA until the date of the merge) manage s subsidiaries’ financing requirements, respectively, covering funding requirements and using available surpluses and a ll the transactions concerning currencies and derivative contracts on interest rates and currencies different from commodities of Eni, while Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA execute the negotiation of commodity derivatives over the market. Eni SpA, Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA (also through the subsidiary Eni Trading & Shipping Inc) perform trading activities in financial derivatives on external trading venues, such as European and non-European regulated markets, Multilateral Trading Facility (MTF), Organized Trading Facility (OTF), or similar and brokerage platforms (i.e. SEF), and over the counter on a bilateral basis with external counterparties. Other legal entities belonging to Eni that require financial derivatives enter into these transactions through Eni Trade & Biofuels SpA, Eni Global Energy Markets SpA and Eni SpA based on the relevant asset class expertise. Eni uses derivative financial instruments (derivatives) in order to minimize exposure to market risks related to fluctuations in exchange rates relating to those transactions denominated in a currency other than the functional currency (the euro) and interest rates, as well as to optimize exposure to commodity prices fluctuations taking into account the currency in which commodities are quoted. Eni monitors every activity in derivatives classified as risk-reducing directly or indirectly related to covered industrial assets, so as to effectively optimize the risk profile to which Eni is exposed or could be exposed. If the result of the monitoring shows those derivatives should not be considered as risk reducing, these derivatives are reclassified in proprietary trading. As proprietary trading is considered separately from the other activities in specific portfolios of Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA, their exposure is subject to specific controls, both in terms of Value at Risk (VaR) and stop loss and in terms of nominal gross value. For Eni, the gross nominal value of proprietary trading activities is compared with the limits set by the relevant international standards. The framework defined by Eni’s policies and guidelines provides that the valuation and control of market risk is performed on the basis of maximum tolerable levels of risk exposure defined in terms of limits of stop loss, which expresses the maximum tolerable amount of losses associated with a certain portfolio of assets over a pre-defined time horizon; limits of revision strategy, which consist in the triggering of a revision process of the strategy in the event of exceeding the level of profit and loss given and VaR, which measures the maximum potential loss of the portfolio, given a certain confidence level and holding period, assuming adverse changes in market variables and taking into account the correlation among the different positions held in the portfolio. Eni’s finance department defines the maximum tolerable levels of risk exposure to changes in interest rates and foreign currency exchange rates in terms of VaR, pooling Group companies’ risk positions maximizing, when possible, the benefits of the netting activity. Eni’s calculation and valuation techniques for interest rate and foreign currency exchange rate risks are in accordance with banking standards, as established by the Basel Committee for bank activities surveillance. Tolerable levels of risk are based on a conservative approach, considering the industrial nature of the Company. Eni’s guidelines prescribe that Eni Group companies minimize such kinds of market risks by transferring risk exposure to the parent company finance department. Eni’s guidelines define rules to manage the commodity risk aiming at optimizing core activities and pursuing preset targets of stabilizing industrial and commercial margins. The maximum tolerable level of risk exposure is defined in terms of VaR, limits of revision strategy, stop loss and volumes in connection with exposure deriving from commercial activities, as well as exposure deriving from proprietary trading, exclusively managed by Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA. Internal mandates to manage the commodity risk provide for a mechanism of allocation of the Group maximum tolerable risk level to each business unit. In this framework, Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA, in addition to managing risk exposure associated with their own commercial activity and proprietary trading, pool the requests for negotiating commodity derivatives and execute them in the marketplace. According to the targets of financial structure included in the financial plan approved by the Board of Directors, Eni decided to retain a cash reserve to face any extraordinary requirement. Eni’s finance department, with the aim of optimizing the efficiency and ensuring maximum protection of capital, manages such reserve and its immediate liquidity within the limits assigned. The management of strategic cash is part of the asset management pursued through transactions on own risk in view of optimizing financial returns, while respecting authorized risk levels, safeguarding the Company’s assets and retaining quick access to liquidity. The four Market risk - Exchange rate Exchange rate risk derives from the fact that Eni’s operations are conducted in currencies other than euro (mainly U.S. dollar). Revenues and expenses denominated in foreign currencies may be significantly affected by exchange rate fluctuations due to conversion differences on single transactions arising from the time lag existing between execution and definition of relevant contractual terms (economic risk) and conversion of foreign currency-denominated trade and financing payables and receivables (transactional risk). Exchange rate fluctuations affect the Group’s reported results and net equity as financial statements of subsidiaries denominated in currencies other than euro are translated from their functional currency into euro. Generally, an appreciation of U.S. dollar versus euro has a positive impact on Eni’s results of operations, and vice versa. Eni’s foreign exchange risk management policy is to minimize transactional exposures arising from foreign currency movements and to optimize exposures arising from commodity risk. Eni does not undertake any hedging activity for risks deriving from the translation of foreign currency denominated profits or assets and liabilities of subsidiaries, which prepare financial statements in a currency other than euro, except for single transactions to be evaluated on a case-by-case basis. Effective management of exchange rate risk is performed within Eni’s finance departments, which pool Group companies’ positions, hedging the Group net exposure by using certain derivatives, such as currency swaps, forwards and options. Such derivatives are evaluated at fair value based on market prices provided by specialized info-providers. The VaR techniques are based on variance/covariance simulation models and are used to monitor the risk exposure arising from possible future changes in market values over a 24 Market risk - Interest rate Changes in interest rates affect the market value of financial assets and liabilities of the Company and the level of net finance charges. interest rate risk management policy is to minimize risk with the aim to achieve financial structure objectives defined and approved in management’s “Finance plan”. The Group’s central departments pool borrowing requirements of the Group companies in order to manage net positions and fund portfolio developments consistent with management plan, thereby maintaining a level of risk exposure within prescribed limits. enters into interest rate derivative transactions, in particular interest rate swaps, to effectively manage the balance between fixed and floating rate debt. Such derivatives are evaluated at fair value based on market prices provided from specialized sources. deriving from interest rate exposure is measured daily based on a variance/covariance model, with a % confidence level and a -day holding period. Market risk - Commodity Price risk of commodities is identified as the possibility that fluctuations in the price of materials and basic products produce significant changes in Eni’s operating margins, determining an impact on the economic result such as to compromise the targets defined in the four four one financial derivatives traded over the counter (swaps, forward, contracts for differences and options on commodities) with the underlying commodities being crude oil, gas, refined products, power or emission certificates. Such financial derivatives are valued at fair value based on market prices provided from specialized sources or, absent market prices, based on estimates provided by brokers or suitable valuation techniques. VaR deriving from commodity exposure is measured daily based on a historical simulation technique, with a 95% confidence level and a one-day Market risk - Strategic liquidity Market risk deriving from liquidity management is identified as the possibility that changes in prices of financial instruments (bonds, money market instruments and mutual funds) affect the value of these instruments in case of sale or when they are valued at fair value in the financial statements. The setting up and maintenance of the liquidity reserve are mainly aimed to guarantee a proper financial flexibility. Liquidity should allow Eni to fund any extraordinary need (such as difficulty in access to credit, exogenous shock, macroeconomic environment, as well as merger and acquisitions) and must be dimensioned to provide a coverage of short-term debts and of medium and long-term finance debts due within a time horizon of 24 months. In order to manage the investment activity of the strategic liquidity, Eni defined a specific investment policy with aims and constraints in terms of financial activities and operational boundaries, as well as governance guidelines regulating management and control systems. In particular, strategic liquidity management is regulated in terms of VaR (measured based on a parametrical methodology with a one-day . As of 31 December 202 3 , the rating of the Strategic liquidity investment portfolio was A/A-, in line compared to the end of 202 2 . The following tables show amounts in terms of 202 3 202 2 (Value at risk - parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2023 2022 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 7.26 0.90 2.30 1.32 9.05 2.61 5.19 3.22 Exchange rate (a) 0.62 0.04 0.21 0.33 0.95 0.09 0.29 0.34 a) Value at risk deriving from interest and exchange rates exposures include the following finance departments: Corporate Finance Department, Finance International SA (incorporated in as of D 2023) and SA. (Value at risk - Historic simulation method; holding period: 1 2023 2022 (€ million) High Low Average At year end High Low Average At year end Commercial exposures - Management Portfolio (a) 257.89 6.38 55.35 6.71 800.39 30.65 261.41 30.65 Trading (b) 1.53 0.05 0.43 0.21 1.63 0.01 0.36 0.04 (a) Refers to Global Gas & LNG Portfolio business area, Power Generation & Marketing, EE-REVT, Plenitude, Eni Trading & Biofuels, Eni Global Energy Markets (commercial portfolio). VaR is calculated on the so-called Statutory view, with a time horizon that coincides with the year considering all the volumes delivered in the year and the relevant financial hedging derivatives. Consequently, during the year the VaR pertaining to GGP, Power G&M, EE-REVT and Plenitude during the year presents a decreasing trend following the progressive reaching of the maturity of the positions within the annual horizon. (b) Cross-commodity proprietary trading, through financial instruments, refers to Trading & and Global Energy Markets (London- -Singapore) and Trading & Shipping (Houston). (Sensitivity - Dollar value of 1 2023 2022 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity - € Portfolio (a) 0.22 0.13 0.18 0.19 0.30 0.16 0.23 0.16 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity - Dollar value of 1 2023 2022 ($ million) High Low Average At year end High Low Average At year end Strategic liquidity - US dollar Portfolio (b) 0.12 0.04 0.08 0.11 0.13 0.04 0.08 0.04 (a) Management of strategic liquidity portfolio in US dollar currency starting from August 2017. Credit risk Credit risk is the potential exposure of the Group to losses in case counterparties fail to perform or pay amounts due. Eni defined credit risk management policies consistent with the nature and characteristics of the counterparties of commercial and financial transactions regarding the centralized finance model. The Company adopted a model to quantify and control the credit risk based on the evaluation of the expected credit loss which represents the probability of default and the capacity to recover credits in default that is estimated through the so-called Loss Given Default. In the credit risk management and control model, credit exposures are distinguished by commercial nature, in relation to sales contracts on commodities related to Eni’s businesses, and by financial nature, in relation to the financial instruments used by Eni, such as deposits, derivatives and securities. Credit risk for commercial exposures Credit risk arising from commercial counterparties is managed by the business units and by the specialized corporate finance and dedicated administration departments and is operated based on formal procedures for the assessment of commercial counterparties, the monitoring of credit exposures, credit recovery activities and disputes. A t a corporate level, the general guidelines and methodologies for quantifying and controlling customer risk are defined, in particular the riskiness of commercial counterparties is assessed through an internal rating model that combines different default factors deriving from economic variables, financial indicators, payment experiences and information from specialized primary info providers. The probability of default related to State Entities or their closely related counterparties (e.g. National Oil Company), essentially represented by the probability of late payments, is determined by using the country risk premiums adopted for the purposes of the determination of the WACCs for the impairment of non-financial assets. Finally , for retail positions without specific ratings, risk is determined by distinguishing customers in homogeneous risk clusters based on historical series of data relating to payments, periodically updated. Credit risk for financial exposures With regard to credit risk arising from financial counterparties deriving from current and strategic use of liquidity, derivative contracts and transactions with underlying financial assets valued at fair value, Eni has established internal policies providing exposure control and concentration through maximum credit risk limits corresponding to different classes of financial counterparties defined by the Company’s Board of Directors and based on ratings provided for by primary credit rating agencies. Credit risk arising from financial counterparties is managed by the Eni’s operating finance departments, Eni Global Energy Markets SpA, Eni Trade & Biofuels SpA and Eni Trading & Shipping Inc specifically for commodity derivatives transactions, as well as by companies and business areas limitedly to physical transactions with financial counterparties, consistently with the Group centralized finance model. Eligible financial counterparties are closely monitored by each counterpart and by group of belonging to check exposures against the limits assigned daily and the expected credit loss analysis and the concentration periodically. Liquidity risk Liquidity risk is the risk that suitable sources of funding for the Group may not be available, or the Group is unable to sell its assets in the marketplace in order to meet short-term finance requirements and to settle obligations. Such a situation would negatively affect Group results, as it would result in the Company incurring higher borrowing expenses to meet its obligations or under the worst of conditions the inability of the Company to continue as a going concern. Eni’s risk management targets include the maintaining of an adequate level of financial resources readily available to deal with external shocks (drastic changes in the scenario, restrictions on access to capital markets, etc.) or to ensure an adequate level of operational flexibility for the development projects of the Company. The strategic liquidity reserve is employed in short-term marketable financial assets, favoring investments with a very low risk profile. At present, the Group believes to have access to more than sufficient funding to meet the current foreseeable borrowing requirements due to available cash on hand financial assets and lines of credit and the access to a wide range of funding opportunities which can be activated through the credit system and capital markets. Due to the continuing volatility of commodity markets and the related financial commitment linked to the margin of commodity derivatives, Eni has consolidated its higher financial flexibility achieved in the last year through the activation of liquidity swap s in addition to new financing lines acquired . Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which € 16.8 billion were drawn as of December 31, 202 3 . The Group has credit ratings of A- outlook Stable and A- 2 1 Stabl e and P- 2 Stable and F 1 202 3 , Moody’s revised Eni's outlook from Negative to Stable , due to the improvement in the Italian outlook. During 202 3 Eni renegotiated and expanded its portfolio of committed credit lines through the stipulation of a sustainability-linked bond facility agreed with a pool of banks for € 3.0 billion. At December 31, 202 3 available committed borrowing facilit ies amounted to € 9.1 billion. Expected payments for financial debts , lease liabilities , trade and other payables The table below summarizes the Group main contractual obligations for finance debt and lease liability repayments, including expected payments for interest charges and liabilities for derivative financial instruments. Maturity year (€ million) 2024 2025 2026 2027 2028 2029 Total December 31, 2023 Non-current financial liabilities (including the current portion) 3,340 2,689 3,219 2,611 5,520 7,780 25,159 Current financial liabilities 4,092 4,092 Lease liabilities 1,120 691 476 399 364 2,270 5,320 Fair value of derivative instruments 2,414 21 40 5 37 50 2,567 10,966 3,401 3,735 3,015 5,921 10,100 37,138 Interest on finance debt 738 676 572 496 389 804 3,675 Interest on lease liabilities 269 221 188 167 148 668 1,661 1,007 897 760 663 537 1,472 5,336 Financial guarantees 1,114 1,114 Maturity year (€ million) 2023 2024 2025 2026 2027 2028 Total December 31, 2022 Non-current financial liabilities (including the current portion) 2,883 2,339 2,640 3,298 1,927 9,246 22,333 Current financial liabilities 4,446 4,446 Lease liabilities 851 584 445 365 347 2,312 4,904 Fair value of derivative instruments 9,042 1 51 54 180 9,328 17,222 2,924 3,136 3,717 2,274 11,738 41,011 Interest on finance debt 590 494 459 365 284 716 2,908 Interest on lease liabilities 235 209 184 165 147 685 1,625 825 703 643 530 431 1,401 4,533 Financial guarantees 1,668 1,668 Liabilities for leased assets including interest charges for € 741 million (€ 760 million at December 31, 202 2 ) pertained to the share of joint operators participating in unincorporated joint operation operated by Eni which will be recovered through a partner-billing process. The table below presents the timing of the expenditures for trade and other payables. Maturity year (€ million) 2024 2025 2028 2029 Total December 31, 2023 Trade payables 14,231 14,231 Other payables and advances 6,423 50 104 6,577 20,654 50 104 20,808 Maturity year (€ million) 2023 2024 2027 2028 Total December 31, 2022 Trade payables 19,527 19,527 Other payables and advances 6,182 77 110 6,369 25,709 77 110 25,896 Expected payments under contractual obligations 25 In addition to lease, financial, trade and other liabilities represented in the balance sheet, the Company is subject to non-cancellable contractual obligations or obligations, the cancellation of which requires the payment of a penalty. These obligations will require cash settlements in future reporting periods. These liabilities are valued based on the net cost for the company to fulfill the contract, which consists of the lowest amount between the costs for the fulfillment of the contractual obligation and the contractual compensation/penalty in the event of non-performance. The Company’s main contractual obligations at the balance sheet date comprise take-or-pay clauses contained in the Company’s gas supply contracts or shipping arrangements |
Revenues and other income
Revenues and other income | 12 Months Ended |
Dec. 31, 2023 | |
Revenues and other income | |
Revenues and other income | 2 9 Revenues and other income Sales from operations (€ million) Exploration & Production Global Gas & LNG Portfolio Enilive, Refining and Chemicals Plenitude & Power Corporate and Other activities Total 2023 Sales from operations 10,843 16,910 52,165 13,598 201 93,717 Products sales and service revenues Sales of crude oil 3,632 22,053 25,685 Sales of oil products 1,081 24,427 25,508 Sales of natural gas and LNG 5,858 16,638 23 4,431 26,950 Sales of petrochemical products 4,385 4,385 Sales of power 7,252 7,252 Sales of other products 44 23 333 106 3 509 Services 228 249 944 1,809 198 3,428 Products sales and service revenues 10,843 16,910 52,165 13,598 201 93,717 Transfer of goods/services Goods/Services transferred in a specific moment 10,526 16,825 51,892 13,598 64 92,905 Goods/Services transferred over a period of time 317 85 273 137 812 2022 Sales from operations 12,889 41,230 58,470 19,726 197 132,512 Products sales and service revenues Sales of crude oil 5,438 20,839 26,277 Sales of oil products 1,070 29,700 30,770 Sales of natural gas and LNG 6,108 40,840 65 5,571 52,584 Sales of petrochemical products 6,241 3 6,244 Sales of power 12,448 12,448 Sales of other products 68 411 223 2 704 Services 205 390 1,214 1,484 192 3,485 Products sales and service revenues 12,889 41,230 58,470 19,726 197 132,512 Transfer of goods/services Goods/Services transferred in a specific moment 12,585 41,047 58,145 19,599 65 131,441 Goods/Services transferred over a period of time 304 183 325 127 132 1,071 2021 Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Products sales and service revenues Sales of crude oil 3,573 14,710 18,283 Sales of oil products 885 18,739 19,624 Sales of natural gas and LNG 4,122 16,608 34 3,245 24,009 Sales of petrochemical products 5,652 7 5,659 Sales of power 5,104 5,104 Sales of other products 40 6 132 212 1 391 Services 226 359 784 1,956 180 3,505 8,846 16,973 40,051 10,517 188 76,575 Transfer of goods/services Goods/Services transferred in a specific moment 8,506 16,823 39,836 10,517 72 75,754 Goods/Services transferred over a period of time 340 150 215 116 821 (€ million) 2023 2022 2021 Revenues associated with contract liabilities at the beginning of the period 642 157 658 Revenues associated with performance obligations totally or partially satisfied in previous years 1,087 1 30 Sales from operations by industry segment and geographical area of destination are disclosed in note 35 Sales from operations with related parties are disclosed in note 36 Other income and revenues (€ million) 2023 2022 2021 Gains from sale of assets and businesses 27 48 107 Other proceeds 1,072 1,127 1,089 1,099 1,175 1,196 Other proceeds include €121 million (€204 million and €281 million in 2022 2021 Other income and revenues with related parties are disclosed in note 36 |
Costs
Costs | 12 Months Ended |
Dec. 31, 2023 | |
Costs | |
Costs | 30 Costs Purchase, services and other charges (€ million) 2023 2022 2021 Production costs - raw, ancillary and consumable materials and goods 58,170 85,139 41,174 Production costs - services 11,512 10,303 10,646 Lease expense and other 1,432 2,301 1,233 Net provisions for contingencies 1,369 2,985 707 Other expenses 1,746 2,069 1,983 74,229 102,797 55,743 less: - capitalized direct costs associated with self-constructed assets - tangible assets (367 ) (246 ) (185 ) - capitalized direct costs associated with self-constructed assets - intangible assets (26 ) (22 ) (9 ) 73,836 102,529 55,549 Purchase, services and other charges include d prospecting costs, geological and geophysical studies of exploration activities for € 205 million (€ 220 million and € 194 million in 202 2 and 202 1 , respectively ) . Costs incurred in connection with research and development activities expensed through profit and loss, as they did not meet the requirements to be recognized as long-lived assets, amounted to € 166 million (€ 164 million and € 177 million in 202 2 and 202 1 , respectively ). Royalties on the extraction rights of hydrocarbons amounted to € 1,138 million (€ 1,570 million and € 946 million in 202 2 and 202 1 , respectively ). Additions to provisions net of reversal of unused provisions related to net additions for environmental liabilities amounting to € 559 million (net additions of € 1,700 million and net reversals of € 279 million in 202 2 and 202 1 , respectively ) and net reversals for litigations amounting to € 87 million (net additions of € 501 million and € 162 million in 202 2 and 202 1 , respectively ) . More information is provided in note 2 1 – Provisions. Net additions to provisions by segment are disclosed in note 35 Segment information and information by geographical area . Information about leases is disclosed in note 1 3 – Right-of-use assets and lease liabilities. Payroll and related costs (€ million) 2023 2022 2021 Wages and salaries 2,427 2,311 2,182 Social security contributions 497 465 455 Cost related to employee benefit plans 156 174 165 Other costs 196 194 204 3,276 3,144 3,006 less: - capitalized direct costs associated with self-constructed assets - tangible assets (131 ) (120 ) (111 ) - capitalized direct costs associated with self-constructed assets - intangible assets (9 ) (9 ) (7 ) 3,136 3,015 2,888 Other costs comprised provisions for redundancy incentives of € 56 million (€ 78 million and € 94 million in 202 2 and 202 1 , respectively ) and costs for defined contribution plans of € 102 million (€ 103 million and € 97 million in 202 2 and 202 1 , respectively ). Cost related to employee benefit plans are described in note 2 2 – Provisions for employee benefits. Costs with related parties are disclosed in note 36 Average number of employees The Group average number and breakdown of employees by category is reported below: 2023 2022 2021 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 944 19 957 19 966 18 Junior managers 9,157 84 9,084 80 9,143 78 Employees 15,810 420 15,517 420 15,747 380 Workers 5,937 294 6,074 288 5,476 284 31,848 817 31,632 807 31,332 760 The average number of employees was calculated as the average between the number of employees at the beginning and the end of the year . The average number of senior managers included managers employed in foreign countries, whose position is comparable to a senior manager’s status. Long-term monetary incentive plan for the managers of Eni T he main characteristic of long term- incentive plans with treasury shares whose assignments are in place at the end of 2023 are described below . On May 13, 20 20 and on May 1 0 , 202 3 , the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 20 20 - 20 22 and 202 3 - 202 5 and empowered the Board of Directors to execute the p lan by authorizing it to dispose up to a maximum of 20 million of treasury shares in service of the p lan 20 20 - 20 22 and 16 million in service of the plan 202 3 - 202 5 (also authorizing the disposal of treasury shares originally intended for the 2020 2022 . The Long-Term Monetary Incentive plans provide for three annual awards ( 2020 2021 2022 and 202 3 , 202 4 and 202 5 , respectively) and are intended for the Chief Executive Officer of Eni and for the managers of Eni and its subsidiaries who qualify as “senior managers deemed critical for the business”, selected among those who are in charge of tasks directly linked to the Group results or of strategic clout to the business. The Plans provide the granting of Eni shares for no consideration to eligible managers after a three-year With reference to the 2020 2022 (i) for 25% on a market relative objective related to the three over the three adjus ted for the Eni ’s correlation index and compared with the same return recorded by each company of a group of Eni's competitors ("Peer Group" ) ; (ii) for 20% on an industrial relative objective measured in terms of annual unit value ($/boe) of the Net Present Value of proved reserves (NPV), compared with the same values recorded by the Peer Group companies, with a final result equal to the average of the annual results over the three (iii) for 20% on an economic - financial absolute objective measured by the o rganic Free Cash Flow (FCF) cumulated over the three three years of the Strategic Plan approved by the Board of Administration in the year of award and assumed unchanged over the performance period. The final calculation of the FCF is carried out net of the effects of exogenous variables, in application of a variance analysis methodology predetermined and approved by the Remuneration Committee, with the aim of enhancing the effective company performance deriving from management action ; (iv) for the remaining part (35%) by an objective of environmental sustainability and energy transition divided into three absolute objectives over the three (a) for 15% from a decarbonisation objective measured by the final value of the intensity of upstream GHG emissions at the end of the three 2 assumed unchanged in the performance period; (b) 10% from an energy transition objective measured at the end of the three assumed unchanged in the performance period ; (c) for 10% on a circular economy objective measured in terms of the progress at the end of the three assumed unchanged during the performance period . With reference to the 202 3 - 202 5 Plan, the number of shares that will be granted at the end of the vesting period will depend: (i) for 25% on a market relative objective related to the Total Shareholder Return (TSR) measured by the difference, over the three-year the Peer Group; (ii) for 40 o rganic Free Cash Flow (FCF) cumulated over the three-year three years ii ) for the remaining part (35%) by an objective of environmental sustainability and energy transition divided into three absolute objectives over the three-year % from a decarbonisation objective measured by the final value of the intensity of Scope 1 2 three 2 % from an energy transition objective measured at the end of the three-year and biojet fuel production capacity in terms of kton , both compared to the equivalent value expected in the third year of the Strategic Plan approved by the Board of Directors in the year of attribution assumed unchanged in the performance period; (c) for 10% from a circular economy objective measured in terms of percentage value of vertical integration of Agribusiness for the production of biofuels at the end of the three-year compared to the progress expected in the third year of the Strategic Plan approved by the Board of Directors in the year of attribution assumed unchanged during the performance period. Depending on the performance of the parameters mentioned above, the number of shares that will vest free of charge after three years A 50% of the shares that will effectively be granted to each beneficiary in service will be subject to a lock-up clause of one year after the vesting date for the 2020 2022 and two years after the vesting date for the 202 3 - 202 5 Long-Term Incentive Plan . The number of shares awarded at the grant date was : (i) 1,909,849 shares in 202 3 ; with a weighted average fair value of €10.82 per share; ( i i) 2,069,685 shares in 2022 ( i i i) 2,365,581 shares in 2021 8.15 per share . The estimation of the fair value was calculated by adopting specific valuation techniques regarding the different performance parameters provided by the plan (stochastic method for both Long-Term Monetary Incentive plan ), taking into account the fair value of the Eni shar e at the grant date ( between € 15.482 and € 15.068 depending on the grant date for the 202 3 award; between € 12.918 and € 14.324 depending on the grant date for the 202 2 award; between € 12.164 and € 11.642 depending on the grant date for the 202 1 award ) , reduced by dividends expected along the vesting period ( between 6.6 % and 6.8 % for the 202 3 ; 6.8 % and 6.1 % for the 20 22 ; 7.1% and 7.4 % for the 202 1 ) , considering the volatility of the stock ( between 28.2 % and 28.4 % for the 202 3 award; between 30 % and 31 % for the 202 2 award; 44 % and 45 % for the 202 1 award ), the forecasts relating to the performance parameters, as well as the lower value attributable to the shares considering the lock-up period at the end of the vesting period. In 20 2 3 , the costs related to the long-term monetary incentive plan, recognized as a component of the payroll cost with contra-entry to equity reserves, as they pertain to company employees, amounted to € 20 million (€ 18 million and € 16 million in 202 2 and 202 1 , respectively ). Compensation of key management personnel Compensation , including contributions and collateral expenses, of personnel holding key positions in planning, directing and controlling the Eni Group subsidiaries, including executive and non-executive officers, general managers and managers with strategic responsibilities in office during the year consisted of the following: (€ million) 2023 2022 2021 Wages and salaries 35 37 29 Post-employment benefits 3 3 3 Other long-term benefits 19 17 15 Indemnities upon termination of employment 9 57 66 47 Compensation of Directors and Statutory Auditors of Eni SpA Compensation of Directors amounted to € 13.9 million, € 11.12 million and € 10.13 million in 202 3 , 20 2 2 and 20 2 1 , respectively. Compensation of Statutory Auditors amounted to € 0.580 million, € million and € million in 202 3 , 202 2 and 202 1 , respectively . Compensation included emoluments and social security benefits due for the office as Director or Statutory Auditor held at the parent company Eni SpA or other Group subsidiaries, which was recognized as a cost to the Group, even if not subject to personal income tax. |
Finance income (expense)
Finance income (expense) | 12 Months Ended |
Dec. 31, 2023 | |
Finance income (expense) | |
Finance income (expense) | 3 1 Finance income (expense) (€ million) 2023 2022 2021 Finance income 7,417 8,450 3,723 Finance expense (8,113 ) (9,333 ) (4,216 ) Net finance income (expense) from financial assets at fair value through profit or loss 284 (55 ) 11 Income (expense) from derivative financial instruments (61 ) 13 (306 ) Finance income (expense) (473 ) (925 ) (788 ) The analysis of finance income (expense) was as follows: (€ million) 2023 2022 2021 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (667 ) (507 ) (475 ) Net finance income (expense) on financial assets held for trading 250 (53 ) 11 Net expenses on other financial assets valued at fair value with effects on profit and loss 34 (2 ) Interest and other expense due to banks and other financial institutions (207 ) (128 ) (94 ) Interest on lease liabilities (267 ) (315 ) (304 ) Interest from banks 356 57 4 Interest and other income on financial receivables and securities held for non-operating purposes 14 9 9 (487 ) (939 ) (849 ) Exchange differences 255 238 476 Income (expense) from derivative financial instruments (61 ) 13 (306 ) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 153 128 67 Capitalized finance expense 94 38 68 Finance expense due to the passage of time (accretion discount) (a) (341 ) (199 ) (144 ) Other finance income (expense) (86 ) (204 ) (100 ) (180 ) (237 ) (109 ) (473 ) (925 ) (788 ) (a) Information about leases is disclosed in note 1 3 – Right-of-use assets and lease liabilities. The analysis of derivative financial income (expense) is disclosed in note 2 4 – Derivative financial instruments and hedge accounting. Finance income (expense) with related parties are disclosed in note 36 |
Income (expense) from investmen
Income (expense) from investments | 12 Months Ended |
Dec. 31, 2022 | |
Income (expense) from investments | |
Income (expense) from investments | 3 2 Income (expense) from investments Share of profit (loss) of equity-accounted investments More information is provided in note 16 – Investments. Share of profit or loss of equity accounted investments by industry segment is disclosed in note 35 Segment information and information by geographical area . Other gain (loss) from investments (€ million) 2023 2022 2021 Dividends 255 351 230 Net gain (loss) on disposals 430 483 1 Other net income (expense) 423 2,789 (8 ) 1,108 3,623 223 Dividend income primarily related to Nigeria LNG Ltd for € 179 million (€ 247 million in 202 2 and € 144 million in 20 2 1 ) and to Saudi European Petrochemical Co 'IBN ZAHR' for € 55 million (€ 77 million in 20 2 2 and € 54 million in 20 2 1 ). Gains on disposals for 202 3 referred for €420 million to the capital gain realized from the sale to Snam of the 49.9% stake of SeaCorridor Srl including positive exchange differences of €7 million. Other net income for 2022 o the capital gain from the fair value measurement of the residual 50.1% stake of SeaCorridor Srl. Gains on disposals for 2022 referred for €448 million to the capital gains realized following the listing, through an IPO on the Oslo Stock Exchange, of the investee Vår Energi ASA and subsequent sales made on the market. Other net income for 2022 refer red for €2,542 million to the capital gain from the fair value measurement of the business combination between Eni and bp with the establishment of the joint venture Azule Energy Holdings Ltd and includes realized exchange differences on translation of €764 million. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income taxes | |
Income taxes | 3 3 Income taxes (€ million) 2023 2022 2021 Current taxes: - Italian subsidiaries 97 1,920 439 - subsidiaries of the Exploration & Production segment - outside Italy 5,349 7,027 3,609 - other subsidiaries - outside Italy 185 944 157 5,631 9,891 4,205 Net deferred taxes: - Italian subsidiaries (137 ) (2,191 ) (45 ) - subsidiaries of the Exploration & Production segment - outside Italy (22 ) 713 552 - other subsidiaries - outside Italy (104 ) (325 ) 133 (263 ) (1,803 ) 640 5,368 8,088 4,845 Current income taxes payable by Italian subsidiaries include foreign taxes for €242 million. Income taxes for 2022 2022 51 2022 197 2022 2023 2022 The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24% (same amount in 2022 2021 (€ million) 2023 2022 2021 Profit (loss) before taxation 10,228 22,049 10,685 Tax rate (IRES) (%) 24.0 24.0 24.0 Statutory corporation tax charge (credit) on profit or loss 2,455 5,292 2,564 Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 3,036 3,388 2,301 - extraordinary contribution effect for companies in energy sector 1,971 - impact pursuant to foreign tax effects of italian entities 66 108 - effect of the valuation of the investments under the equity method (26 ) 50 180 - effect due to the tax regime provided for intercompany dividends 7 11 54 - Italian regional income tax (IRAP) 91 (18 ) 140 - tax effects related to previous years 48 (19 ) 52 - effect of reversals (impairments) of deferred tax assets (96 ) (241 ) - impact pursuant to (reversal) impairment of deferred tax assets (221 ) (2,087 ) (666 ) - other adjustments 74 (325 ) 112 2,913 2,796 2,281 Effective tax charge 5,368 8,088 4,845 The higher tax charges at non-Italian subsidiaries related to the Exploration & Production segment for €3,026 million (€2,940 million and €2,040 million in 2022 2021 Group’s effective tax rate amounted to 52.5% and increased compared to the comparative periods due to (36.7% in 2022 2021 2022 |
Earnings (loss) per share
Earnings (loss) per share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings (loss) per share | |
Earnings (loss) per share | 3 4 Earnings (loss) per share Basic earnings (loss) per ordinary share are calculated by dividing net profit (loss) for the period attributable to Eni’s shareholders by the weighted average number of ordinary shares issued and outstanding during the period, excluding treasury shares. Diluted earnings (loss) per share are calculated by dividing the net profit (loss) of the period attributable to Eni’s shareholders by the weighted average number of shares fully-diluted , excluding treasury shares, and including the number of potential shares to be issued. As of December 31, 20 2 3 , the shares that could be potentially issued related to the estimation of new share s that will vest in connection with the 2020 2022 and 2023 2025 long-term monetary incentive plan s and the convertible bond issued in 2023 . In determining basic and diluted earnings (loss) per share, the net profit (loss) for the period attributable to Eni is adjusted to take into account the remuneration of perpetual subordinated bonds and the convertible bond , net of tax effect, calculated by using the amortized cost method. Reconciliation of basic and diluted earnings (loss) per share was as follows: 2023 2022 2021 Weighted average number of shares used for basic earnings (loss) per share 3,303,766,512 3,483,633,816 3,565,973,883 Potential shares to be issued for ILT incentive plan 6,352,583 6,319,989 7,598,593 Potential shares to be issued for Sustainability-linked bond 17,014,702 Weighted average number of shares used for diluted earnings (loss) per share 3,327,133,797 3,489,953,805 3,573,572,476 Eni’s profit (loss) (€ million) 4,771 13,887 5,821 Remuneration of subordinated perpetual bonds net of tax effect (€ million) (109 ) (109 ) (95 ) Remuneration of Sustainability-linked bond net of tax effect (€ million) 9 Eni’s profit (loss) for basic and diluted earnings (loss) per share (€ million) 4,671 13,778 5,726 Basic earnings (loss) per share (€ per share) 1.41 3.96 1.61 Diluted earnings (loss) per share (€ per share) 1.40 3.95 1.60 |
Segment information and informa
Segment information and information by geographical area | 12 Months Ended |
Dec. 31, 2023 | |
Segment information and information by geographical area | |
Segment information and information by geographical area | 3 5 Segment information and information by geographic area Segment information Eni’s segmental reporting reflects the Group’s operating segments, whose results are regularly reviewed by the Chief Operating Decision Maker (the CEO) to assess segment performance and to make decisions about resources to be allocated to each segment. The organization is based on two General Departments: Natural Resources, aimed to build up the value of Eni’s Oil & Gas upstream portfolio, reducing its carbon footprint by scaling up energy efficiency and expanding production in the natural gas business, and its position in the wholesale market. Furthermore, the Department focuses its actions on the development of carbon capture/ transportation/storage/reuse and CO 2 2 Energy Evolution , focus ed on the evolution of the businesses of power generation, transformation and marketing of products from fossil to bio and blue. The responsibility of this Department include s the grow th of power generation from renewable energy and biomethane, the coordinat ion of the bio and circular evolution of the Company’s traditional and bio refining system and chemical business, and the develop ment of Eni’s retail portfolio, providing increasingly more decarbonized products for mobility, household consumption and small enterprises. The Department incorporate s the activities of power generation from natural gas and renewables, the R efining and C hemicals businesses, Retail Gas & Power and mobility Marketing. The companies Versalis (chemical products) , Enilive (biorefining and sustainable mobility), Eni Plenitude, EniPower and Eni Rewind are consolidated in this Department . In relation to financial reporting purposes , consistently with the provisions of the applicable accounting principles , management evaluated that the components of the Company whose operating results are regularly reviewed by the CEO to make decisions about the allocation of resources and to assess performances would continue being the single business units which are comprised in the two General Departments , rather than the two 8 as of December 31, 2023, are identified as follows: Exploration & Production : research, development and production of crude oil, condensates and natural gas. Global Gas & LNG Portfolio (GGP) : supply and sale of wholesale natural gas via pipeline, international transport and purchase and marketing of LNG. It includes gas trading activities finalized to hedging and stabilizing the trade margins, as well as optimising the gas asset portfolio. Enilive , Refining and Chemicals : supply and processing of crude oil to manufacture refined products (fuels, bitumens, lubricants etcetera) performed by the Refining operating segment. Enilive is the Eni new subsidiary of sustainable mobility and biorefining, which is operational as of January 1, 2023 following the in-kind contibution of certain Group activities, engages in the manufacturing of biofules and the retail marketing of traditional and bio fuels, including the distribution of several energy carriers for mobility, including fossil and biological fuels and electric charging at service stations, as well as the offer of services connected to mobility such as the Enjoy car sharing, catering and in general the services at outlets. It also engages in the wholesale supplies of fuels, bitumen and lubricants. The operating segment Refining and Enilive have been aggregated because the Chief Operating Decision Maker assesses the integrated margins on the refining and sales of fuels. Furthermore, the results of the Chemicals business operating segment were aggregated in this reporting segment because this operating segment presents similar economic returns and similarities in the industrial processes as the refining activity. Finally, this reportable segment also comprises activities of trading oil and products aimed to execute transactions on the market in order to balance supply and stabilize and cover commercial margins. Plenitude & Power : r etail sales of gas, electricity and related services, production and wholesale sales of electricity from thermoelectric and renewable plants , services for E-mobility (installation of charging stations) . It includes trading activities of CO 2 emission certificates and forward sale of electricity with a view to hedging/optimising the margins of the electricity. C orporate and Other activities : includes the main business support functions, in particular holding, central treasury, IT, human resources, real estate services, captive insurance activities, research and development, new technologies, business digitalization and the environmental remediation activity developed by the subsidiary Eni Rewind. The segment also includes CCUS projects, agribusiness and forestry conservation (REDD+) , under development, which were previously reported in the Exploration & Production segment. This resegmentation: (i) reflects the circumstance that the 2023 economics of the businesses involved (CCUS, agri-business and forest conservation) are currently not significant, without, among all, revenues generation; (ii) is functional to allow greater comparability of the E&P segment data with those of peers and take into account the presence of risk factors and returns as well as different production processes between the Exploration & Production activities and those associated with CCUS, Agri and forest conservation. The comparative periods have been restated in line with this reclassification. Segment information presented to the CEO (the Chief Operating Decision Maker, ex IFRS 8 includes: revenues, operating profit and directly attributable assets and liabilities. (€ million) Exploration Global Gas & LNG Portfolio Enilive, Refining Plenitude & Power Corporate and Other activities Adjustments of intragroup profits Total 2023 Sales from operations including intersegment sales 23,903 20,139 52,558 14,256 1,972 Less: intersegment sales (13,060 ) (3,229 ) (393 ) (658 ) (1,771 ) Sales from operations 10,843 16,910 52,165 13,598 201 93,717 Operating profit 8,549 2,431 (1,397 ) (464 ) (943 ) 81 8,257 Net provisions for contingencies (347 ) (205 ) (392 ) (74 ) (339 ) (12 ) (1,369 ) Depreciation and amortization (6,148 ) (233 ) (524) (466 ) (142 ) 34 (7,479 ) Impairments of tangible and intangible assets and right-of-use assets (1,413 ) (3 ) (770 ) (18 ) (58 ) (2,262 ) Reversals of tangible and intangible assets and right-of-use assets 376 4 6 48 26 460 Write-off of tangible and intangible assets (531 ) (5 ) 1 (535 ) Share of profit (loss) of equity-accounted investments 1,009 49 343 (55 ) (10 ) 1,336 Identifiable assets (a) 62,180 6,381 15,530 13,999 1,952 (378 ) 99,664 Unallocated assets (b) 42,942 Equity-accounted investments 6,773 531 3,582 667 1,077 12,630 Identifiable liabilities (a) 18,020 5,997 10,200 6,076 4,629 (56 ) 44,866 Unallocated liabilities (b) 44,096 Capital expenditure in tangible and intangible assets 7,133 16 982 740 363 (19 ) 9,215 2022 Sales from operations including intersegment sales 31,194 48,586 59,178 20,883 1,886 Less: intersegment sales (18,305 ) (7,356 ) (708 ) (1,157 ) (1,689 ) Sales from operations 12,889 41,230 58,470 19,726 197 132,512 Operating profit 15,963 3,730 460 (825 ) (1,956 ) 138 17,510 Net provisions for contingencies (147 ) (393 ) (1,110 ) (14 ) (1,340 ) 19 (2,985 ) Depreciation and amortization (6,017 ) (217 ) (506 ) (358 ) (140 ) 33 (7,205 ) Impairments of tangible and intangible assets and right-of-use assets (613 ) (6 ) (752 ) (125 ) (71 ) (1,567 ) Reversals of tangible and intangible assets and right-of-use assets 181 18 35 162 31 427 Write-off of tangible and intangible assets (596 ) (1 ) (2 ) (599 ) Share of profit (loss) of equity-accounted investments 1,526 4 446 (20 ) (115 ) 1,841 Identifiable assets (a) 60,298 12,282 14,925 11,987 1,666 (472 ) 100,686 Unallocated assets (b) 51,444 Equity-accounted investments 7,314 1 3,084 663 1,030 12,092 Identifiable liabilities (a) 17,339 12,572 9,011 4,787 4,462 (68 ) 48,103 Unallocated liabilities (b) 48,797 Capital expenditure in tangible and intangible assets 6,252 23 878 631 276 (4 ) 8,056 2021 Sales from operations including intersegment sales 21,742 20,843 40,374 11,187 1,698 Less: intersegment sales (12,896 ) (3,870 ) (323 ) (670 ) (1,510 ) Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Operating profit 10,113 899 45 2,355 (863 ) (208 ) 12,341 Net provisions for contingencies (221 ) (139 ) (137 ) (1 ) (186 ) (23 ) (707 ) Depreciation and amortization (5,976 ) (174 ) (512 ) (286 ) (148 ) 33 (7,063 ) Impairments of tangible and intangible assets and right-of-use assets (194 ) (28 ) (1,342 ) (132 ) (27 ) (1,723 ) Reversals of tangible and intangible assets 1,438 2 112 4 1,556 Write-off of tangible and intangible assets (375 ) (2 ) (1 ) (9 ) (387) Share of profit (loss) of equity-accounted investments 8 (333 ) (766 ) (1,091) Identifiable assets (a) 61,699 10,022 13,326 8,343 1,493 (591 ) 94,292 Unallocated assets (b) 43,473 Equity-accounted investments 2,639 17 2,366 667 198 5,887 Identifiable liabilities (a) 17,024 10,072 6,796 3,786 3,360 (49 ) 40,989 Unallocated liabilities (b) 52,257 Capital expenditure in tangible and intangible assets 3,824 19 728 443 224 (4 ) 5,234 (a) Include assets/liabilities directly associated with the generation of operating profit (b) Include assets/liabilities not directly associated with the generation of operating profit Information by geographical area Identifiable assets and investments by geographical area of origin (€ million) Italy Other European Union Rest of Europe Americas Asia Africa Other areas Total 2023 Identifiable assets (a) 30,026 6,962 5,124 7,658 17,855 30,928 1,111 99,664 Capital expenditure in tangible and intangible assets 2,006 485 235 609 1,471 4,105 304 9,215 2022 Identifiable assets (a) 29,195 7,689 6,564 8,892 18,653 28,167 1,526 100,686 Capital expenditure in tangible and intangible assets 1,475 415 205 1,266 1,390 3,163 142 8,056 2021 Identifiable assets (a) 23,718 6,902 6,114 5,718 17,483 33,499 858 94,292 Capital expenditure in tangible and intangible assets 1,333 199 202 659 1,203 1,604 34 5,234 ( a) Include assets directly associated with the generation of operating profit. Sales from operations by geographical area of destination (€ million) 2023 2022 2021 Italy 33,450 60,090 29,968 Other European Union 18,271 25,413 14,671 Rest of Europe 18,476 21,748 12,470 Americas 7,004 6,929 4,420 Asia 7,404 9,062 7,891 Africa 9,057 9,191 7,040 Other areas 55 79 115 93,717 132,512 76,575 |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of transactions between related parties [abstract] | |
Transactions with related parties | 3 6 Transactions with related parties In the ordinary course of its business, Eni enters into transactions mainly regarding: a) purchase/supply of goods and services and the provision of financing to joint ventures, associates and non-consolidated subsidiaries; b) purchase/supply of goods and services to entities controlled by the Italian Government; c) purchase/supply of goods and services to companies related to through members of the Board of Directors. Most of these transactions are exempt from the application of the internal procedure “Transactions involving interests of Directors and Statutory Auditors and transactions with related parties” pursuant to the Regulation, since they relate to ordinary transactions conducted at market or standard conditions, or because they fall below the materiality threshold provided for by the procedure; d) contributions to non-profit entities correlated to Eni with the aim to develop solidarity, culture and research initiatives. In particular these related to: (i) Eni Foundation, established by Eni as a non-profit entity with the aim of pursuing exclusively solidarity initiatives in the fields of social assistance, health, education, culture and environment, as well as scientific and technological research; and (ii) Eni Enrico Mattei Foundation, established by Eni with the aim of enhancing, through studies, research and training initiatives, knowledge enrichment in the fields of economics, energy and environment, both at the national and international level. Transactions with related parties were conducted in the interest of Eni companies and, with exception of those with entities whose aim is to develop charitable, cultural and scientific initiatives, are related to the ordinary course of Eni’s business. Transactions and balances with related parties (€ million) December 31, 2023 2023 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 1 194 308 Cardón IV SA 24 142 4 1 Coral FLNG SA 4 1,327 6 Azule Group 113 475 3,156 86 2,146 Saipem Group 5 235 9 6 768 SeaCorridor Group 29 29 1 357 Vårgrønn Group 1,321 Karachaganak Petroleum Operating BV 17 250 1,183 Mellitah Oil & Gas BV 49 20 16 517 Petrobel Belayim Petroleum Co 58 885 870 Società Oleodotti Meridionali SpA 11 473 19 12 Société Centrale Electrique du Congo SA 74 79 Vår Energi ASA 51 764 2,013 58 4,487 (165 ) Other (*) 62 73 19 83 203 498 3,540 7,845 358 10,852 (165 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 183 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 152 4 1 12 Other 13 10 12 13 30 165 14 196 25 30 663 3,554 8,041 383 10,882 (165 ) Entities controlled by the Government Cassa Depositi e Prestiti Group 5 33 2 69 Enel Group 95 168 93 497 (109 ) Italgas Group 1 149 8 (20 ) Snam Group 245 352 1,157 1,625 Terna Group 85 61 400 317 8 GSE - Gestore Servizi Energetici 230 219 2,104 1,875 283 ITA Airways - Italia Trasporto Aereo SpA 5 238 Other (*) 11 68 52 38 677 1,050 4,054 4,401 182 Other related parties 1 2 1 36 Groupement Sonatrach – Eni «GSE» 222 212 40 569 1,563 4,818 8,041 4,478 15,888 17 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2022 2022 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 17 71 224 Angola LNG Ltd 79 Coral FLNG SA 10 1,378 12 Azule Group 320 517 3,268 46 1,152 Saipem Group 3 195 9 9 452 Vårgrønn Group 1,259 Karachaganak Petroleum Operating BV 27 251 1,347 Mellitah Oil & Gas BV 58 144 9 234 Petrobel Belayim Petroleum Co 33 595 944 Société Centrale Electrique du Congo SA 47 74 Società Oleodotti Meridionali SpA 6 433 16 14 Vår Energi ASA 58 722 2,378 84 4,085 (597 ) Other (*) 127 76 9 167 338 706 3,004 8,301 417 8,869 (597 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 190 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 139 4 1 15 Other 8 10 11 7 15 147 14 202 22 15 853 3,018 8,503 439 8,884 (597 ) Entities controlled by the Government Cassa Depositi e Prestiti Group 2 47 3 86 Enel Group 438 264 97 275 484 Italgas Group 218 8 84 Snam Group 763 25 1,767 873 Terna Group 119 159 612 701 (18 ) GSE - Gestore Servizi Energetici 207 225 7,786 4,039 3,437 ITA Airways - Italia Trasporto Aereo SpA 3 179 Other 12 35 27 33 1,762 763 10,555 6,007 3,903 Other related parties 2 1 39 Groupement Sonatrach – Eni «GSE» 179 114 33 417 2,794 3,897 8,503 11,028 15,347 3,306 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2021 2021 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 13 57 189 Angola LNG Ltd 73 Angola LNG Supply Services Llc 179 Coral FLNG SA 17 1,260 43 Saipem Group 4 134 9 28 174 Karachaganak Petroleum Operating BV 24 213 989 Mellitah Oil & Gas BV 65 290 3 263 Petrobel Belayim Petroleum Co 24 391 2 651 Société Centrale Electrique du Congo SA 50 66 Societa' Oleodotti Meridionali SpA 6 396 18 12 Vår Energi AS 62 526 495 104 2,224 (409 ) Other (*) 137 53 2 95 234 402 2,060 1,945 359 4,809 (409 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 179 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 124 1 1 13 Other 10 5 10 8 10 134 6 190 21 10 536 2,066 2,135 380 4,819 (409 ) Entities controlled by the Government Enel Group 583 461 41 417 373 Italgas Group 1 49 3 560 Snam Group 160 152 159 1,013 1 Terna Group 51 85 203 309 4 GSE - Gestore Servizi Energetici 311 125 2,216 1,238 766 Other (*) 10 33 20 60 1,116 905 2,642 3,597 1,144 Other related parties 2 33 Groupement Sonatrach – Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 170 79 30 222 1,822 3,052 2,135 3,052 8,671 735 (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • Eni’s share of expenses incurred to develop oil fields from Agiba Petroleum Co, Karachaganak Petroleum Operating BV, Mellitah Oil & Gas BV, Petrobel Belayim Petroleum Co, Groupement Sonatrach - Eni «GSE» and, limited to Karachaganak Petroleum Operating BV, purchase of crude oil by Eni Trade & Biofuels SpA. Services charged to Eni’s associates are invoiced on the basis of incurred costs ; • the residual debt relating to the payment of the consideration for the assignment of Cardón IV credits; • supply of upstream specialist services and the share of the guarantee granted to Coral FLNG SA on behalf of the Consortium TJS for the contractual obligations assumed following the award of the EPCIC contract for the construction of a floating gas liquefaction plant (for more information see note 28 • purchase of crude oil and issue of guarantees against leasing contracts of FPSO vessels from the Azule Group; • engineering, construction and drilling services by Saipem Group mainly for the Exploration & Production segment; • acquisition of transport services from SeaCorridor Group; • a guarantee issued to Vårgrønn Group in relation to the participation in the Dogger Bank offshore wind project; • the sale of gas to Société Centrale Electrique du Congo SA; • advances received from Società Oleodotti Meridionali SpA for the infrastructure upgrade of the crude oil transport system at the Taranto refinery; • guarantees issued in compliance with contractual agreements in the interest of Vår Energi ASA, the supply of upstream specialist services and maritime transport, the purchase of crude oil, condensates and gas and the realized part of forward contracts for the purchase of gas; • a guarantee issued granted to Eni BTC Ltd for the construction of an oil pipeline; and • services for environmental restoration to Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation). The most significant transactions with entities controlled by the Italian Government concerned: • activities aimed at guaranteeing the operation, upgrading and efficiency of the plants for the Ansaldo Group of Cassa Depositi e Prestiti; • sale of fuel, sale and purchase of gas, acquisition of power distribution services and fair value of derivative financial instruments with Enel Group; • acquisition of natural gas transportation, distribution and storage services with Snam Group and Italgas Group on the basis of the tariffs set by the Italian Regulatory Authority for Energy, Networks and Environment and purchase and with Snam Group the receivable for divestment relating to the sale of the 49.9% share capital of SeaCorridor Srl and the purchase and sale of natural gas for granting the system balancing on the basis of prices referred to the quotations of the main energy commodities; • acquisition of electricity transmission services and sale and purchase of electricity for granting the system balancing based on prices referred to the quotations of the main energy commodities, and derivatives on commodities entered to hedge the price risk related to the utilization of transport capacity rights with Terna Group; • sale and purchase of electricity, gas, environmental certificates, fair value of derivative financial instruments, sale of oil products and storage capacity with GSE - Gestore Servizi Energetici for the setting-up of a specific stock held by the Organismo Centrale di Stoccaggio Italiano (OCSIT) according to the Legislative Decree No. 249 12 • the sale of jet fuel to ITA Airways - Italia Trasporto Aereo SpA. Transactions with other related parties concerned: • provisions to pension funds managed by Eni of €27 million; • contributions and service provisions to Eni Enrico Mattei Foundation for €5 million and to Eni Foundation for €4 million. Financing transactions and balances with related parties (€ million) December 31, 2023 2023 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes and derivative financial instruments Finance Expenses Other Gain (loss) from Investments Joint ventures and associates Coral FLNG SA 453 15 Coral South FLNG DMCC 1,448 Saipem Group 56 8 Mozambique Rovuma Venture SpA 1,339 170 101 Other 49 13 1 39 14 1 1,841 239 1,449 155 22 1 Unconsolidated entities controlled by Eni Other 7 38 1 1 7 38 1 1 Entities controlled by the Government Cassa Depositi e Prestiti Group 56 2 Snam Group 443 Other 14 2 3 1 14 58 5 444 1,862 335 1,449 156 28 445 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2022 2022 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes and derivative financial instruments Finance Expenses Gain on disposals Joint ventures and associates Coral FLNG SA 356 140 Coral South FLNG DMCC 1,499 1 1 Mozambique Rovuma Venture SpA 1,187 57 48 5 Saipem Group 100 16 3 Other (*) 96 28 2 91 10 1,639 185 1,501 156 159 Unconsolidated entities controlled by Eni Other 8 31 5 4 8 31 5 4 Entities controlled by the Government Enel Group 176 Italgas Group 30 Other 10 40 1 1 10 216 1 1 30 1,657 432 1,501 162 164 30 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2021 2021 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes Finance Expenses Joint ventures and associates Cardón IV SA 199 2 37 Coral FLNG SA 383 4 1 Coral South FLNG DMCC 1,413 2 Mozambique Rovuma Venture SpA 1,008 72 Other (*) 70 43 35 43 1,660 117 1,413 78 44 Unconsolidated entities controlled by Eni Other 38 34 1 1 38 34 1 1 Entities controlled by the Government Enel Group 109 Other 2 17 1 2 126 1 1,700 277 1,413 79 46 (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • 4 • 28 • • The most significant transactions with entities controlled by the Italian Government concerned: • • Impact of transactions and positions with related parties on the balance sheet, profit and loss account and statement of cash flows The impact of transactions and positions with related parties on the balance sheet accounts consisted of the following: (€ million) December 31, 2023 December 31, 2022 Total Related parties Impact % Total Related parties Impact % Cash and cash equivalents 10,193 3 0.03 10,155 10 0.10 Other current financial assets 896 19 2.12 1,504 16 1.06 Trade and other receivables 16,551 1,363 8.24 20,840 2,427 11.65 Other current assets 5,637 32 0.57 12,821 341 2.66 Other non-current financial assets 2,301 1,840 79.97 1,967 1,631 82.92 Other non-current assets 3,393 168 4.95 2,236 26 1.16 Short-term debt 4,092 222 5.43 4,446 307 6.91 Current portion of long-term debt 2,921 21 0.72 3,097 36 1.16 Current portion of non-current lease liabilities 1,128 21 1.86 884 35 3.96 Trade and other payables 20,654 4,245 20.55 25,709 3,203 12.46 Other current liabilities 5,579 62 1.11 12,473 232 1.86 Long-term debt 21,716 65 0.30 19,374 26 0.13 Non-current lease liabilities 4,208 6 0.14 4,067 28 0.69 Other non-current liabilities 4,096 511 12.48 3,234 462 14.29 The impact of transactions with related parties on the profit and loss accounts consisted of the following: (€ million) 2023 2022 2021 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Sales from operations 93,717 4,322 4.61 132,512 10,872 8.20 76,575 3,000 3.92 Other income and revenues 1,099 156 14.19 1,175 156 13.28 1,196 52 4.35 Purchases, services and other (73,836 ) (15,885 ) 21.51 (102,529 ) (15,327 ) 14.95 (55,549 ) (8,644 ) 15.56 Net (impairments) reversals of trade and other receivables (249 ) 5 .. 47 (2 ) .. (279 ) (6 ) 2.15 Payroll and related costs (3,136 ) (8 ) 0.26 (3,015 ) (18 ) 0.60 (2,888 ) (21 ) 0.73 Other operating income (expense) 478 17 3.56 (1,736 ) 3,306 .. 903 735 81.40 Finance income 7,417 155 2.09 8,450 160 1.89 3,723 79 2.12 Finance expense (8,113 ) (28 ) 0.35 (9,333 ) (164 ) 1.76 (4,216 ) (46 ) 1.09 Derivative financial instruments (61 ) 1 .. 13 2 15.38 (306 ) Other income (expense) from investments 1,108 445 40.16 3,623 30 0.83 223 Main cash flows with related parties are provided below: (€ million) 2023 2022 2021 Revenues and other income 4,478 11,028 3,052 Costs and other expenses (13,539 ) (13,749 ) (7,814 ) Other operating income (loss) 17 3,306 735 Net change in trade and other receivables and payables 1,916 (431 ) (342 ) Net interests 117 69 38 Net cash provided from operating activities (7,011 ) 223 (4,331 ) Capital expenditure in tangible and intangible assets (2,349 ) (1,596 ) (851 ) Disposal of investments 440 165 Net change in accounts payable and receivable in relation to investments 504 1,480 (20 ) Change in financial receivables (290 ) (81 ) (105 ) Net cash used in investing activities (1,695 ) (32 ) (976 ) Change in financial and lease liabilities (162 ) (88 ) (13 ) Net cash used in financing activities (162 ) (88 ) (13 ) Change in cash and cash equivalents (7 ) 8 2 Total financial flows to related parties (8,875 ) 111 (5,318 ) The impact of cash flows with related parties consisted of the following: (€ million) 2023 2022 2021 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Net cash provided from operating activities 15,119 (7,011 ) .. 17,460 223 1.28 12,861 (4,331 ) .. Net cash used in investing activities (9,365 ) (1,695 ) 18.10 (7,018 ) (32 ) 0.46 (12,022 ) (976 ) 8.12 Net cash used in financing activities (5,668 ) (162 ) 2.86 (8,542 ) (88 ) 1.03 (2,039 ) (13 ) 0.64 |
Other information about investm
Other information about investments | 12 Months Ended |
Dec. 31, 2023 | |
Other information about investments | |
Other information about investments | GLOBAL GAS & LNG PORTFOLIO IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or Eni Gas Transport Services Srl San Donato Milanese (MI) Italy EUR 120,000 Eni SpA 100.00 Co. Eni Global Energy Markets SpA Rome Italy EUR 41,233,720 Eni SpA 100.00 100.00 F.C. LNG Shipping SpA San Donato Milanese (MI) Italy EUR 240,900,000 Eni SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or Eni España Comercializadora de Gas SAU Madrid (Spain) Spain EUR 2,340,240 Eni SpA 100.00 100.00 F.C. Eni G&P Trading BV Amsterdam (Netherlands) Turkey EUR 70,000 Eni International BV 100.00 100.00 F.C. Eni Gas Liquefaction BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. ENILIVE, REFINING AND CHEMICALS Enilive and Refining IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Ecofuel SpA San Donato Milanese (MI) Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. EniBioCh4 in Alexandria Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4in Aprilia Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Flaibano Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Grupellum Società Agricola Srl San Donato Milanese (MI) Italy EUR 100,000 EniBioCh 4 98.00 98.00 F.C. Third parties 2.00 EniBioCh4 in Jonica Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Momo Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Pannellia BioGas Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Po Energia Srl Società Agricola (former Po' Energia Srl Società Agricola) San Donato Milanese (MI) Italy EUR 10,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Quadruvium Srl Società Agricola San Donato Milanese (MI) Italy EUR 100,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Service BioGas Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in SpA San Donato Milanese (MI) Italy EUR 2,500,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Enimoov SpA (former Eni Fuel SpA) Rome Italy EUR 59,944,310 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Sustainable Mobility SpA Rome Italy EUR 311,509,143 Eni SpA 100.00 100.00 F.C. Eni Trade & Biofuels SpA Rome Italy EUR 22,568,759 Eni SpA 100.00 100.00 F.C. Petroven Srl Genova Italy EUR 918,520 Ecofuel SpA 100.00 100.00 F.C. Raffineria di Gela SpA Gela (CL) Italy EUR 15,000,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Third parties 20.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni Abu Dhabi Refining & Trading BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Abu Dhabi Refining & Trading Services BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni Abu Dhabi R&T BV 100.00 Eq. Eni Austria GmbH Wien (Austria) Austria EUR 78,500,000 Eni Sust. Mobility SpA 75.00 100.00 F.C. Eni Deutsch. GmbH 25.00 Eni Benelux BV Rotterdam (Netherlands) Netherlands EUR 1,934,040 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Deutschland GmbH Munich (Germany) Germany EUR 90,000,000 Eni Sust. Mobility SpA 89.00 100.00 F.C. Eni International BV 11.00 Eni Ecuador SA Quito (Ecuador) Ecuador USD 103,142.08 Eni International BV 99.93 100.00 F.C. Esain SA 0.07 Eni Energy (Shanghai) Co Ltd Shanghai (China) China EUR 5,000,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni France Sàrl Lyon (France) France EUR 56,800,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Iberia SLU Alcobendas (Spain) Spain EUR 17,299,100 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Marketing Austria GmbH Wien (Austria) Austria EUR 19,621,665.23 Eni Mineralölh. GmbH 99.99 100.00 F.C. Eni Sust. Mobility SpA (..) Eni Mineralölhandel GmbH Wien (Austria) Austria EUR 34,156,232.06 Eni Austria GmbH 100.00 100.00 F.C. Eni Schmiertechnik GmbH Wurzburg (Germany) Germany EUR 2,000,000 Eni Deutsch. GmbH 100.00 100.00 F.C. Eni Suisse SA Lausanne (Switzerland) Switzerland CHF 102,500,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Sustainable Mobility US Inc Dover (USA) USA USD 1,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Trading & Shipping Inc Dover (USA) USA USD 1,000,000 ET&B SpA 100.00 100.00 F.C. Eni Transporte y Suministro México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni USA R&M Co Inc Wilmington (USA) USA USD 11,000,000 Eni International BV 100.00 Eq. Esacontrol SA Quito (Ecuador) Ecuador USD 60,000 Eni Ecuador SA Third parties 87.00 13.00 Eq. Esain SA Quito (Ecuador) Ecuador USD 30,000 Eni Ecuador SA Tecnoesa SA 99.99 (..) 100.00 F.C. Oléoduc du Rhône SA Bovernier (Switzerland) Switzerland CHF 7,000,000 Eni International BV 100.00 Eq. Tecnoesa SA Quito (Ecuador) Ecuador USD 36,000 Eni Ecuador SA Esain SA 99.99 (..) Eq. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Chemicals IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Versalis SpA San Donato Milanese (MI) Italy EUR 300,000,000 Eni SpA 100.00 100.00 F.C. Finproject SpA Morrovalle (MC) Italy EUR 18,500,000 Versalis SpA 100.00 100.00 F.C. Mater-Agro Srl Novara Italy EUR 50,000 Novamont SpA 85.00 Eq. Third parties 15.00 Mater-Biotech SpA Novara Italy EUR 120,000 Novamont SpA 100.00 100.00 F.C. Matrìca SpA Porto Torres (SS) Italy EUR 37,500,000 Novamont SpA 50.00 100.00 F.C. Versalis SpA 50.00 Novamont SpA Novara Italy EUR 20,000,000 Versalis SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Asian Compounds Ltd Hong Kong (Hong Kong) Hong Kong HKD 1,000 Finproject Asia Ltd 100.00 100.00 F.C. BBI Sverige AB Torsby (Sweden) Sweden SEK 100,000 BioBag International 100.00 Eq. BioBag Americas Inc Dunedin (USA) USA USD 476 BioBag International 100.00 100.00 F.C. BioBag Finland OY Vantaa (Finland) Finland EUR 203,784 BioBag International 97.99 Eq. Third parties 2.01 BioBag Inc Toronto (Canada) Canada CAD 100 BioBag International 100.00 Eq. BioBag International AS Indre Østfold (Norway) Norway NOK 3,565,000 Novamont SpA 100.00 100.00 F.C. BioBag Norge AS Indre Østfold (Norway) Norway NOK 200,000 BioBag International 100.00 Eq. BioBag Plastics Ltd Delgany (Ireland) Ireland EUR 1,000 BioBag International 90.10 Eq. Third parties 9.90 BioBag Polska Sp zoo Wroclaw (Poland) Poland PLN 106,100 BioBag International 100.00 Eq. BioBag UK Ltd Belfast (United Kingdom) United Kingdom GBP 1,000 BioBag International 90.10 Eq. Third parties 9.90 BioBag Zenzo A/S Hillerød (Denmark) Denmark DKK 400,000 BioBag International 100.00 Eq. Dagöplast AS Hiiumaa (Estonia) Estonia EUR 76,800 BioBag International 100.00 100.00 F.C. Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest (Hungary) Hungary HUF 5,219,443,200 Versalis SpA Versalis Deutsch. GmbH 96.34 1.83 100.00 F.C. Versalis International SA 1.83 Finproject Asia Ltd Hong Kong (Hong Kong) Hong Kong USD 1,000 Finproject SpA 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Finproject Brasil Industria De Solados Eireli Franca (Brazil) Brazil BRL 1,000,000 Finproject SpA 100.00 Eq. Finproject Guangzhou Trading Co Ltd Guangzhou (China) China USD 180,000 Finproject SpA 100.00 100.00 F.C. Finproject India Pvt Ltd Jaipur (India) India INR 46,712,940 Versalis Singapore P. Ltd 99.99 100.00 F.C. Finproject SpA (..) Finproject Romania Srl Valea Lui Mihai (Romania) Romania RON 7,523,030 Finproject SpA 100.00 100.00 F.C. Finproject Viet Nam Company Limited Hai Phong (Vietnam) Vietnam VND 19,623,250,000 Finproject Asia Ltd 100.00 Eq. Foam Creations (2008) Inc Quebec City (Canada) Canada CAD 1,215,000 Finproject SpA 100.00 100.00 F.C. Foam Creations México SA de CV León (Mexico) Mexico MXN 35,956,433 Foam Creations ( 2008 53.23 100.00 F.C. Finproject SpA 46.77 Novamont France SAS Paris (France) France EUR 40,000 Novamont SpA 100.00 100.00 F.C. Novamont GmbH Eschborn (Germany) Germany EUR 25,564 Novamont SpA 100.00 Eq. Novamont Iberia SLU Cornellà de Llobregat (Spain) Spain EUR 50,000 Novamont SpA 100.00 100.00 F.C. Novamont North America Inc Shelton (USA) USA USD 50,000 Novamont SpA 100.00 100.00 F.C. Padanaplast America Llc Wilmington (USA) USA USD 70,000 Finproject SpA 100.00 Eq. Padanaplast Deutschland GmbH Hannover (Germany) Germany EUR 25,000 Finproject SpA 100.00 Eq. Versalis Americas Inc Dover (USA) USA USD 100,000 Versalis International SA 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 1,000,000 Versalis International SA 100.00 100.00 F.C. Versalis Deutschland GmbH Eschborn (Germany) Germany EUR 100,000 Versalis SpA 100.00 100.00 F.C. Versalis France SAS Mardyck (France) France EUR 126,115,582.90 Versalis SpA 100.00 100.00 F.C. Versalis International Côte d'Ivoire Sarlu Abidjan (Ivory Coast) Ivory Coast XOF 270,000,000 Versalis International SA 100.00 Eq. Versalis International SA Bruxelles (Belgium) Belgium EUR 15,449,173.88 Versalis SpA Versalis Deutsch. GmbH 59.00 23.71 100.00 F.C. Dunastyr Zrt 14.43 Versalis France 2.86 Versalis Kimya Ticaret Limited Sirketi Istanbul (Turkey) Turkey TRY 20,000 Versalis International SA 100.00 100.00 F.C. Versalis México S. de RL de CV Mexico City (Mexico) Mexico MXN 45,001,000 Versalis International SA 99.99 100.00 F.C. Versalis SpA (..) Versalis Pacific (India) Private Ltd Mumbai (India) India INR 238,700 Versalis Singapore P. Ltd 99.99 100.00 F.C. Versalis International SA (..) Versalis Pacific Trading (Shanghai) Co Ltd Shanghai (China) China CNY 15,237,236 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapore (Singapore) Singapore SGD 5,886,800 Versalis SpA 100.00 100.00 F.C. Versalis UK Ltd London (United Kingdom) United Kingdom GBP 4,018,042 Versalis SpA 100.00 100.00 F.C. Versalis Zeal Ltd Takoradi (Ghana) Ghana GHS 5,650,000 Versalis International SA 80.00 80.00 F.C. Third parties 20.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. PLENITUDE & POWER Plenitude IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or Eni Plenitude SpA Società Benefit San Donato Milanese (MI) Italy EUR 770,000,000 Eni SpA 100.00 100.00 F.C. Agrikroton Srl - Società Agricola Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Be Charge Srl Milan Italy EUR 500,000 Be Power SpA 100.00 100.00 F.C. Be Charge Valle d'Aosta Srl Milan Italy EUR 10,000 Be Charge Srl 100.00 100.00 F.C. Be Power SpA Milan Italy EUR 698,251 Eni Plenitude SpA SB 99.19 (a) 100.00 F.C. Third parties 0.81 Borgia Wind Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Corridonia Energia Srl Cesena (FC) Italy EUR 20,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Dynamica Srl Cesena (FC) Italy EUR 50,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Ecoener Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Elettro Sannio Wind 2 Srl Cesena (FC) Italy EUR 1,225,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Enerkall Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eni New Energy SpA San Donato Milanese (MI) Italy EUR 9,296,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Miniwind Srl (former SEF Miniwind Srl) Cesena (FC) Italy EUR 50,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Società Agricola Bio Srl (former Società Agricola SEF Bio Srl) Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar & Miniwind Italia Srl (former SEF Srl) Cesena (FC) Italy EUR 25,000 Eni New Energy SpA 100.00 100.00 F.C. Eni Plenitude Solar Abruzzo Srl (former SEF Solar Abruzzo Srl) Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar III Srl (former SEF Green Srl) Cesena (FC) Italy EUR 500 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar II Srl (former SEF Solar II Srl) Cesena (FC) Italy EUR 1,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar Srl (former SEF Solar Srl) Cesena (FC) Italy EUR 120,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni Plenitude SpA SB 100.00 Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni Plenitude Technical Services Srl (former PLT Engineering Srl) Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eni Plenitude Wind & Energy Srl (former PLT Energia Srl) Cesena (FC) Italy EUR 3,865,474 Eni New Energy SpA 100.00 100.00 F.C. Eni Plenitude Wind 2020 Srl (former PLT Wind 2020 Srl) Cesena (FC) Italy EUR 1,000,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eni Plenitude Wind 2022 SpA (former PLT Wind 2022 SpA) Cesena (FC) Italy EUR 1,000,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eolica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eolica Wind Power Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Eolo Energie - Corleone - Campofiorito Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Evolvere SpA Società Benefit Milan Italy EUR 1,130,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Evolvere Venture SpA Milan Italy EUR 50,000 Evolvere SpA Soc. Ben. 100.00 100.00 F.C. Faren Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar III Srl 100.00 100.00 F.C. FAS Srl Cesena (FC) Italy EUR 119,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Fotovoltaica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. FV4P Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Gemsa Solar Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. GPC Due Srl Cesena (FC) Italy EUR 12,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. GPC Uno Srl Cesena (FC) Italy EUR 25,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Green Parity Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Lugo Società Agricola Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Lugo Solar Tech Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Marano Solar Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Marano Solare Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Marcellinara Wind Srl Cesena (FC) Italy EUR 35,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Micropower Srl Cesena (FC) Italy EUR 30,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Molinetto Srl Cesena (FC) Italy EUR 10,000 Faren Srl 100.00 100.00 F.C. Montefano Energia Srl Cesena (FC) Italy EUR 20,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Monte San Giusto Solar Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Olivadi Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Parco Eolico di Tursi e Colobraro Srl Cesena (FC) Italy EUR 31,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Pescina Wind Srl Cesena (FC) Italy EUR 50,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Pieve5 Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Pollenza Sole Srl Cesena (FC) Italy EUR 32,500 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Ravenna 1 FTV Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. RF-AVIO Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. RF-Cavallerizza Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Ruggiero Wind Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. SAV - Santa Maria Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Società Agricola Agricentro Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Società Agricola Casemurate Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Società Agricola Forestale Pianura Verde Srl Cesena (FC) Italy EUR 100,000 Soc. Agr. Agricentro Srl 100.00 100.00 F.C. Società Agricola Isola d'Agri Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Società Agricola L'Albero Azzurro Srl Cesena (FC) Italy EUR 100,000 Soc. Agr. Agricentro Srl 100.00 100.00 F.C. Timpe Muzzunetti 2 Srl Cesena (FC) Italy EUR 2,500 Eni Plen. Wind & En. Srl 70.00 70.00 F.C. Third parties 30.00 Vivaro FTV Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. VRG Wind 127 Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. VRG Wind 149 Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2022 100.00 100.00 F.C. W-Energy Srl Cesena (FC) Italy EUR 93,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Wind Salandra Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Windsol Srl Cesena (FC) Italy EUR 3,250,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Wind Turbines Engineering 2 Srl Cesena (FC) Italy EUR 5,450,000 Eni Plen. Wind 2020 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana Ljubljana (Slovenia) Slovenia EUR 12,956,935 Eni Plenitude SpA SB Third parties 51.00 49.00 51.00 F.C. Aleria Solar SAS Bastia (France) France EUR 100 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Almazara Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Alpinia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Anberia Invest SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Argon SAS Argenteuil (France) France EUR 180,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Armadura Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Arm Wind Llp Astana (Kazakhstan) Kazakhstan KZT 19,069,100,000 Eni Energy Solutions BV 100.00 100.00 F.C. Athies-Samoussy Solar PV1 SAS Argenteuil (France) France EUR 68,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV2 SAS Argenteuil (France) France EUR 40,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV3 SAS Argenteuil (France) France EUR 36,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV4 SAS Argenteuil (France) France EUR 14,000 Xenon SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV5 SAS Argenteuil (France) France EUR 14,000 Xenon SAS 100.00 100.00 F.C. Atlante Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Belle Magiocche Solaire SAS Bastia (France) France EUR 10,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Boceto Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Bonete Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Brazoria Class B Member Llc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 100.00 F.C. Brazoria County Solar Project Llc Dover (USA) USA USD 1,000 Brazoria HoldCo Llc 100.00 90.69 F.C. Brazoria HoldCo Llc Dover (USA) USA USD 194,670,209 Brazoria Class B 90.69 90.69 F.C. Third parties 9.31 BT Kellam Solar Llc Austin (USA) USA USD 1,000 Kellam Tax Eq. Partn. 100.00 95.25 F.C. Camelia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Celtis Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Chapitel Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Corazon Energy Class B Llc Dover (USA) USA USD 100 Eni New Energy US Inc 100.00 100.00 F.C. Corazon Energy Llc Dover (USA) USA USD 100 Corazon Tax Eq. Part. Llc 100.00 94.03 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Corazon Energy Services Llc Dover (USA) USA USD 100 Eni New Energy US Inc 100.00 Eq. Corazon Tax Equity Partnership Llc Dover (USA) USA USD 184,488,333 Corazon En. Class B Llc 94.03 94.03 F.C. Third parties 5.97 Corlinter 5000 SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Cornisa Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Desarrollos Empresariales Illas SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Desarrollos Energéticos Riojanos SL Madrid (Spain) Spain EUR 876,042 Eni Plenitude SpA SB 60.00 100.00 F.C. Energías Amb. de Outes 40.00 Ecovent Parc Eolic SAU Madrid (Spain) Spain EUR 1,037,350 Eni Plenitude SpA SB 100.00 100.00 F.C. Ekain Renovables SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Energía Eólica Boreas SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Energías Alternativas Eólicas Riojanas SL Madrid (Spain) Spain EUR 2,008,901.71 Eni Plenitude SpA SB 57.50 100.00 F.C. Des. Energéticos Riojanos 42.50 Energías Ambientales de Outes SLU Madrid (Spain) Spain EUR 643,451.49 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Energy Solutions BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Gas & Power France SA Levallois Perret (France) France EUR 239,500,800 Eni Plenitude SpA SB 99.99 100.00 F.C. Third parties (..) Eni New Energy Australia Pty Ltd Perth (Australia) Australia AUD 4 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni New Energy Batchelor Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy Katherine Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy Manton Dam Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy US Holding Llc Dover (USA) USA USD 100 Eni New Energy US Inc 99.00 100.00 F.C. Eni New Energy US Inv.Inc 1.00 Eni New Energy US Inc Dover (USA) USA USD 100 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni New Energy US Investing Inc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 100.00 F.C. Eni Plenitude Iberia SLU Santander (Spain) Spain EUR 3,192,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Investment Colombia SAS (former PLT Colombia SAS) Bogotà (Colombia) Colombia COP 510,840,000 Eni Plen. Wind & En. Srl 51.00 51.00 F.C. Third parties 49.00 Eni Plenitude Investment Spain SL (former PLT Spagna SL) Madrid (Spain) Spain EUR 100,000 Eni Plen. Wind & En. Srl 51.00 51.00 F.C. Third parties 49.00 Eni Plenitude Operations France SAS Argenteuil (France) France EUR 1,116,489.72 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Renewables France SAS Argenteuil (France) France EUR 51,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Renewables Hellas Single Member SA Athens (Greece) Greece EUR 8,227,464 Eni Plenitude SpA SB 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Eni Plenitude Renewables Renewables Luxembourg Sàrl Luxembourg (Luxembourg) Luxembourg EUR 10,253,560 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Renewables Spain SLU Madrid (Spain) Spain EUR 6,680 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Rooftop France SAS Argenteuil (France) France EUR 40,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Technical Services Colombia SAS (former PLT Engineering Colombia SAS) Bogotà (Colombia) Colombia COP 1,000,000 Eni Plen. Tech. Serv. Srl Third parties 60.00 40.00 60.00 F.C. Eni Plenitude Technical Services Romania Srl (former PLT Engineering Romania Srl) Cluj-Napoca (Romania) Romania RON 4,400 Eni Plen. Tech. Serv. Srl Ruggiero Wind Srl 95.00 5.00 100.00 F.C. Eni Plenitude Technical Services Spain SLU (formerPLTEngineering Spagna SLU) Madrid (Spain) Spain EUR 3,000 Eni Plen. Tech. Serv. Srl 100.00 100.00 F.C. Eolica Cuellar de la Sierra SLU Madrid (Spain) Spain EUR 110,999.77 Eni Plen. Inv. Spain SL 100.00 51.00 F.C. Estanque Redondo Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Fortaleza Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Fotovoltaica Escudero SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Garita Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Gas Supply Company Thessaloniki-Thessalia SA Thessaloniki (Greece) Greece EUR 13,761,788 Eni Plenitude SpA SB 100.00 100.00 F.C. Guajillo Energy Storage Llc Dover (USA) USA USD 100 Eni New Energy US H. Llc 100.00 100.00 F.C. Guilleus Consulting SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. HLS Bonete PV SLU Madrid (Spain) Spain EUR 3,602 HLS Bonete Topco SLU 100.00 100.00 F.C. HLS Bonete Topco SLU Madrid (Spain) Spain EUR 6,602 Eni Plenitude SpA SB 100.00 100.00 F.C. Holding Lanas Solar Sàrl Argenteuil (France) France EUR 100 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Inveese SAS Bogotá (Colombia) Colombia COP 100,000,000 Eni Plen. Inv. Colombia Third parties 75.00 25.00 38.25 F.C. Ixia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Kellam Solar Class B Llc Dover (USA) USA USD 1 Eni New Energy US Inc 100.00 100.00 F.C. Kellam Tax Equity Partnership Llc Dover (USA) USA USD 41,199,357 Kellam Solar Class B 95.25 95.25 F.C. Third parties 4.75 Krypton SAS Argenteuil (France) France EUR 180,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Ladronera Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Lanas Solar SAS Argenteuil (France) France EUR 100 Holding Lanas Solar Sàrl 100.00 100.00 F.C. Maristella Directorship SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Spain SLU 100.00 100.00 F.C. Membrio Solar SLU Lodosa (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Miburia Trade SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Olea Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren.Lux. Sàrl 100.00 100.00 F.C. Opalo Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux.Sàrl 100.00 100.00 F.C. Pistacia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux.Sàrl 100.00 100.00 F.C. POP Solar SAS Argenteuil (France) France EUR 1,000 Eni Plen. Ren. Lux.Sàrl 100.00 100.00 F.C. Punes Trade SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Renopool 1 SLU Madrid (Spain) Spain EUR 3,015 Eni Plen. Ren. Spain SLU 100.00 100.00 F.C. SKGRPV1 Single Member Private Company Athens (Greece) Greece EUR 37,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV2 Single Member Private Company Athens (Greece) Greece EUR 39,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV3 Single Member Private Company Athens (Greece) Greece EUR 37,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV4 Single Member Private Company Athens (Greece) Greece EUR 36,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV5 Single Member Private Company Athens (Greece) Greece EUR 22,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV6 Single Member Private Company Athens (Greece) Greece EUR 28,300 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV7 Single Member Private Company Athens (Greece) Greece EUR 66,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV8 Single Member Private Company Athens (Greece) Greece EUR 27,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV9 Single Member Private Company Athens (Greece) Greece EUR 27,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV10 Single Member Private Company Athens (Greece) Greece EUR 19,800 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV11 Single Member Private Company Athens (Greece) Greece EUR 26,300 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV12 Single Member Private Company Athens (Greece) Greece EUR 31,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV13 Single Member Private Company Athens (Greece) Greece EUR 45,100 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV14 Single Member Private Company Athens (Greece) Greece EUR 121,900 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV15 Single Member Private Company Athens (Greece) Greece EUR 39,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV16 Single Member Private Company Athens (Greece) Greece EUR 32,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV17 Single Member Private Company Athens (Greece) Greece EUR 50,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV18 Single Member Private Company Athens (Greece) Greece EUR 6,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation SKGRPV19Single Member Private Company Athens (Greece) Greece EUR 91,400 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV20 Single Member Private Company Athens (Greece) Greece EUR 59,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. Tantalio Renovables SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Spain SLU 100.00 100.00 F.C. Tebar Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Wind Grower SLU Ourense (Spain) Spain EUR 593,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Wind Hero SLU Ourense (Spain) Spain EUR 563,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Xenon SAS Argenteuil (France) France EUR 1,500,100 Eni Plen. Op. Fr. SAS 0.01 (a) 100.00 F.C. Third parties 99.99 Zinnia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Power IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation EniPower SpA San Donato Milanese (MI) Italy EUR 200,000,000 Eni SpA Third parties 51.00 49.00 51.00 F.C. EniPower Mantova SpA San Donato Milanese (MI) Italy EUR 144,000,000 EniPower SpA 86.50 44.12 F.C. Third parties 13.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accoun |
Significant non-recurring event
Significant non-recurring events and operations | 12 Months Ended |
Dec. 31, 2023 | |
Significant non-recurring events and operations | |
Significant non-recurring events and operations | 3 8 Significant non-recurring events and operations In 20 2 3 , in 20 2 2 and 20 2 1 , Eni did not report any non-recurring events and operations. |
Positions or transactions deriv
Positions or transactions deriving from atypical and/or unusual operations | 12 Months Ended |
Dec. 31, 2023 | |
Positions or transactions deriving from atypical and/or unusual operations | |
Positions or transactions deriving from atypical and/or unusual operations | 39 Positions or transactions deriving from atypical and/or unusual operations In 202 3 , in 202 2 and 202 1 , no transactions deriving from atypical and/or unusual operations were reported. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent events | |
Subsequent events | 4 0 Subsequent events On January 31, 2024, Eni finalized the acquisition of 100% of Neptune Energy Group, a group based in the United Kingdom and active in the research, development and production of hydrocarbons, mainly natural gas assets in Indonesia, Algeria and United Kingdom. The transaction, which implies an outlay for Eni of approximately €2 billion, was conducted in agreement with the associate Vår Energi ASA which acquired Neptune's assets in Norway. Price allocation to the net assets acquired is underway. In March 2024, Eni Plenitude SpA Società Benefit finalized an agreement with Energy Infrastructure Partners (EIP) which allowed EIP to enter the share capital of Plenitude through a capital increase of €0.6 billion, equal to 7.6% of the Company's share capital. |
Significant accounting polici_2
Significant accounting policies, estimates and judgements (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Significant accounting policies, estimates and judgements | |
Basis of preparation | Basis of preparation The Consolidated Financial Statements of Eni SpA and its subsidiaries (collectively referred to as Eni or the Group) have been prepared on a going concern basis in accordance with International Financial Reporting Standards (IFRS) 1 The Consolidated Financial Statements have been prepared under the historical cost convention, taking into account, where appropriate, value adjustments, except for certain items that under IFRSs must be measured at fair value as described in the accounting policies that follow. The principles of consolidation and the significant accounting policies that follow have been consistently applied to all years presented, except where otherwise indicated. The 2023 The Consolidated Financial Statements are presented in euros and all values are rounded to the nearest million euros (€ million), except where otherwise indicated. |
Significant accounting estimates and judgements | Significant accounting estimates and judgements The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognised in the financial statements, as well as amounts included in the notes thereto, including disclosure of contingent assets and contingent liabilities. Estimates made are based on complex judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant judgments and estimates to be used in the preparation of the Consolidated Financial Statements are in relation to the accounting for oil and natural gas activities, specifically in the determination of reserves, impairment of financial and non-financial assets, leases, decommissioning and restoration liabilities, environmental liabilities, business combinations, employee benefits, revenue from contracts with customers, fair value measurements and income taxes. Although the Company uses its best estimates and judgements, actual results could differ from the estimates and assumptions used. The accounting estimates and judgments relevant for the preparation of the Consolidated Financial Statement are illustrated in the description of the respective accounting policy. Significant accounting estimates and judgments made in assessing the impacts of climate-related risks Significant accounting estimates and judgments made by management for the preparation of the 2023 The Eni strategy towards Carbon Neutrality, in line with the provisions of the scenarios compatible with maintaining global warming within the 1.5 1 Such scenarios represent the basis for significant estimates and judgments relating to: (i) the assessment of the intention to continue exploration projects; (ii) the assessment of the recoverability of non-current assets and credit exposures towards National Oil Companies; (iii) the definition of useful lives and residual values of fixed assets; (iv) impacts on provisions (e.g. the anticipation of the expected timing of decommissioning and restoration costs). |
Subsidiaries | Principles of consolidation Subsidiaries The Consolidated Financial Statements comprise the financial statements of the parent Company Eni SpA and those of its subsidiaries, being those entities over which the Company has control, either directly or indirectly, through exposure or rights to their variable returns and the ability to affect those returns through its power over the investees. Subsidiaries are consolidated, on the basis of consistent accounting policies, from the date on which control is obtained until the date that control ceases. Assets, liabilities, income and expenses of consolidated subsidiaries are fully recognised with those of the parent in the Consolidated Financial Statements, taking into account the appropriate eliminations of intragroup transactions (see the accounting policy for “Intragroup transactions”); the parent’s investment in each subsidiary is eliminated against the corresponding parent’s portion of equity of each subsidiary. Non-controlling interests are presented separately on the balance sheet within equity; the profit or loss and comprehensive income attributable to non-controlling interests are presented in specific line items, respectively, in the profit and loss account and in the statement of comprehensive income. Taking into account the lack of any material 2 3 When the proportion of the equity held by non-controlling interests changes, any difference between the consideration paid/received and the amount by which the related non-controlling interests are adjusted is attributed to Eni owners’ equity (within the line item “Retained earnings”). Conversely, the sale of equity interests with loss of control determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred net assets; (ii) any gain or loss recognised as a result of the remeasurement of any investment retained in the former subsidiary at its fair value; (iii) the estimate of fair value of any contingent consideration, to be settled in cash if specified future events occur or conditions are met; and (iv) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 4 2 3 4 |
Interests in joint arrangements | Interests in joint arrangements Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Investments in joint ventures are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have enforceable rights to the assets, and enforceable obligations for the liabilities, relating to the arrangement; in the Consolidated Financial Statements, Eni recognises its share of the assets/liabilities and revenues/expenses of joint operations on the basis of its rights and obligations relating to the arrangements. After the initial recognition, the assets/liabilities and revenues/expenses of the joint operations are measured in accordance with the applicable measurement criteria. Immaterial joint operations structured through a separate vehicle are accounted for using the equity method or, if this does not result in a misrepresentation of the Company’s financial position and performance, at cost less any impairment losses. Investments in joint venture, previously classified as joint operations are measured on the date of change in the classification of the joint arrangement at the net amount of the carrying amounts of the assets and liabilities that Eni had previously recognised, line by line, on the basis of its rights and obligations relating to the arrangement. |
Investments in associates | Investments in associates An associate is an entity over which Eni has significant influence, that is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies. Investments in associates are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. |
The equity method of accounting | The equity method of accounting Investments in joint ventures, associates and immaterial unconsolidated subsidiaries, are accounted for using the equity method. 5 Under the equity method, investments are initially recognised at cost 6 one 5 6 investee , the investee and the fair value of any consideration trans Whenever there is objective evidence of impairment (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the , .), the carrying amount of the net investment, resulting from the application of the abovementioned measurement criteria, is tested for impairment by comparing it with the related recoverable amount, determined by adopting the criteria indicated in the accounting policy for “Impairment of non-financial assets”. When an impairment loss no longer exists or has decreased, any reversal of the impairment loss is in the profit and loss account within “Income (Expense) from investments”. The impairment reversal of the net investment shall not exceed the previously impairment losses. The sale of equity interests with loss of joint control or significant influence over the determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss as a result of the of any investment retained in the former joint venture/associate at its fair value 7 ; and (iii) any amount related to the former joint venture/associate previously in other comprehensive income which may be reclassified subsequently to the profit and loss account 8 . Any investment retained in the former joint venture/associate is at its fair value at the date when joint control or significant influence is lost and shall be accounted for in accordance with the applicable measurement criteria. |
Business combinations | Business combinations Business combinations are accounted for by applying the acquisition method. The consideration transferred in a business combination is the sum of the acquisition-date fair value of the assets transferred, the liabilities incurred and the equity interests issued by the acquirer. The consideration transferred includes also the fair value of any assets or liabilities resulting from contingent considerations, contractually agreed and dependent upon the occurrence of specified future events. Acquisition-related costs are accounted for as expenses. The acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 9 Any non-controlling interests are measured as the proportionate share in the recognised amounts of the acquiree’s identifiable net assets at the acquisition date excluding the portion of goodwill attributable to them (partial goodwill method). In a business combination achieved in stages, the purchase price is determined by summing the acquisition-date fair value of previously held equity interests in the acquiree and the consideration transferred for obtaining control; the previously held equity interests are remeasured at their acquisition-date fair value and the resulting gain or loss, if any, is recognised in the profit and loss account. Furthermore, on obtaining control, any amount recognised in other comprehensive income related to the previously held equity interests is reclassified to the profit and loss account, or in another item of equity when such amount may not be reclassified to the profit and loss account. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the provisional amounts recognised at the acquisition date shall be retrospectively adjusted within one The acquisition of interests in a joint operation whose activity constitutes a business is accounted for applying the principles on business combinations accounting. In this regard, if the entity obtains control over a business that was a joint operation, the previously held interest in the joint operation is remeasured at the acquisition-date fair value and the resulting gain or loss is recognized in the profit and loss account. 10 7 8 9 10 the entity acquires additional interests in a joint operation that is a business, while retaining joint control, the previously held interest in the joint operation is not . |
Significant accounting estimates and judgements: investments and business combinations | Significant accounting estimates and judgments: investments and business combinations The assessment of the existence of control, joint control, significant influence over an investee, as well as for joint operations, the assessment of the existence of enforceable rights to the investee’s assets and enforceable obligations for the investee’s liabilities imply that management makes complex judgments on the basis of the characteristics of the investee’s structure, arrangements between parties and other relevant facts and circumstances. Significant accounting estimates by management are required also for measuring the identifiable assets acquired and the liabilities assumed in a business combination at their acquisition-date fair values. For such measurement, to be performed also for the application of the equity method, Eni adopts the valuation techniques generally used by market participants taking into account the available information; for the most significant acquisitions, Eni engages external independent evaluators. |
Intragroup transactions | Intragroup transactions All balances and transactions between consolidated companies, and not yet realised with third parties, including unrealised profits arising from such transactions have been eliminated 11 Unrealised profits arising from transactions between the Group and its equity-accounted entities are eliminated to the extent of the Group’s interest in the equity-accounted entity; such accounting treatment is applied also for transfer of businesses to equity-accounted entities (so-called downstream transactions). In both cases, the unrealised losses are not eliminated as the transaction provides evidence of an impairment loss of the asset transferred. |
Foreign currency translation | Foreign currency translation The financial statements of foreign operations having a functional currency other than the euro, that represents the parent’s functional currency as well as the presentation currency of the Consolidated Financial Statements, are translated into euros using the spot exchange rates on the balance sheet date for assets and liabilities, historical exchange rates for equity and average exchange rates for the profit and loss account and the statement of cash flows. The cumulative resulting exchange differences are presented in the separate component of Eni owners’ equity “Cumulative currency translation differences” 12 The financial statements of foreign operations which are translated into euros are denominated in the foreign operations’ functional currencies which generally is the U.S. dollar. 11 12 The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: (currency amount for 1 Annual average exchange rate 2023 Exchange rate at December 31, 2023 Annual average exchange rate 2022 Exchange rate at December 31, 2022 Annual average exchange rate 2021 Exchange rate at December 31, 2021 U.S. Dollar 1.08 1.11 1.05 1.07 1.18 1.13 Pound Sterling 0.87 0.87 0.85 0.89 0.86 0.84 Australian Dollar 1.63 1.63 1.52 1.57 1.57 1.56 |
Oil and natural gas exploration, appraisal, development and production activities | Oil and natural gas exploration, appraisal, development and production activities Oil and natural gas exploration, appraisal and development activities are accounted for using the principles of the successful efforts method of accounting as described below. Acquisition of exploration rights Costs incurred for the acquisition of exploration rights (or their extension) are initially capitalised within the line item “Intangible assets” as “exploration rights — unproved” pending determination of whether the exploration and appraisal activities in the reference areas are successful or not. Unproved exploration rights are not amortised, but reviewed to confirm that there is no indication that the carrying amount exceeds the recoverable amount. This review is based on the confirmation of the commitment of the Company to continue the exploration activities and on the analysis of facts and circumstances that indicate the absence of uncertainties related to the recoverability of the carrying amount. If no future activity is planned, the carrying amount of the related exploration rights is recognised in the profit and loss account as write-off. Lower value exploration rights are pooled and amortised on a straight-line basis over the estimated period of exploration. In the event of a discovery of proved reserves (i.e. upon recognition of proved reserves and internal approval for development), the carrying amount of the related unproved exploration rights is reclassified to “proved exploration rights”, within the line item “Intangible assets”. Upon reclassification, as well as whether there is any indication of impairment, the carrying amount of exploration rights to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration rights are amortised according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortisation”). Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalised in connection with the assets acquired (such as exploration potential, possible and probable reserves and proved reserves). When the acquisition is related to a set of exploration potential and reserves, the cost is allocated to the different assets acquired based on their expected discounted cash flows. Acquired exploration potential is measured in accordance with the criteria illustrated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortised according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortised until classified as proved reserves; in case of a negative result of the subsequent appraisal activities, it is written off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognised as an expense as incurred. Costs directly associated with an exploration well are initially recognised within tangible assets in progress, as “exploration and appraisal costs — unproved” (exploration wells in progress) until the drilling of the well is completed and can continue to be capitalised in the following 12-month period pending the evaluation of drilling results (suspended exploration wells). If, at the end of this period, it is ascertained that the result is negative (no hydrocarbon found) or that the discovery is not sufficiently significant to justify the development, the wells are declared dry/unsuccessful and the related costs are written-off. Conversely, these costs continue to be capitalised if and until: (i) the well has found a sufficient quantity of reserves to justify its completion as a producing well, and (ii) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project; on the contrary, the capitalised costs are recognised in the profit and loss account as write-off. Analogous recognition criteria are adopted for the costs related to the appraisal activity. When proved reserves of oil and/or natural gas are determined, the relevant expenditure recognised as unproved is reclassified to proved exploration and appraisal costs within tangible assets in progress. Upon reclassification, or when there is any indication of impairment, the carrying amount of the costs to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration and appraisal costs are depreciated according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Development costs Development costs, including the costs related to unsuccessful and damaged development wells, are capitalised as “Tangible asset in progress — proved”. Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas. They are amortised, from the commencement of production, generally on a UOP basis. When development projects are unfeasible/not carried on, the related costs are written off when it is decided to abandon the project. Development costs are tested for impairment in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. UOP depreciation, depletion and amortisation Proved oil and gas assets are depreciated generally under the UOP method, as their useful life is closely related to the availability of proved oil and gas reserves, by applying, to the depreciable amounts at the end of each quarter a rate representing the ratio between the volumes extracted during the quarter and the reserves existing at the end of the quarter, increased by the volumes extracted during the quarter. This method is applied with reference to the smallest aggregate representing a direct correlation between expenditures to be depreciated and oil and gas reserves. Proved exploration rights and acquired proved mineral interests are amortised over proved reserves; proved exploration and appraisal costs and development costs are depreciated over proved developed reserves, while common facilities are depreciated over total proved reserves. Proved reserves are determined according to U.S. SEC rules that require the use of the yearly average oil and gas prices for assessing the economic producibility; material changes in reference prices could result in depreciation charges not reflecting the pattern in which the assets’ future economic benefits are expected to be consumed to the extent that, for example, certain non-current assets would be fully depreciated within a short term. In these cases the reserves considered in determining the UOP rate are estimated on the basis of economic viability parameters, reasonable and consistent with management’s expectations of production, in order to recognise depreciation charges that more appropriately reflect the expected utilization of the assets concerned. Production costs Production costs are those costs incurred to operate and maintain wells and field equipment and are recognised as an expense as incurred. Production Sharing Agreements and service contracts Oil and gas reserves related to Production Sharing Agreements are determined on the basis of contractual terms related to the recovery of the contractor’s costs to undertake and finance exploration, development and production activities at its own risk (Cost Oil) and the Company’s stipulated share of the production remaining after such cost recovery (Profit Oil). Revenues from the sale of the lifted production, against both Cost Oil and Profit Oil, are accounted for on an accrual basis, whilst exploration, development and production costs are accounted for according to the above-mentioned accounting policies. A similar scheme applies to the service contracts where the Group is entitled to a share of the production as consideration for the rendered service. The Company’s share of production volumes and reserves includes the share of hydrocarbons that corresponds to the taxes to be paid, according to the contractual agreement, by the national government on behalf of the Company. As a consequence, the Company has to recognise at the same time an increase in the taxable profit, through the increase of the revenue, and a tax expense. Plugging and abandonment of wells Costs expected to be incurred with respect to the plugging and abandonment of a well, dismantlement and removal of production facilities, as well as site restoration, are capitalised, consistent with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Significant accounting estimates and judgments: oil and natural gas activities Engineering estimates of the Company’s oil and gas reserves are inherently uncertain. Proved reserves are the estimated volumes of crude oil, natural gas and gas condensates, liquids and associated substances which geological and engineering data demonstrate that can be economically producible with reasonable certainty from known reservoirs under existing economic conditions and operating methods. Although there are authoritative guidelines regarding the engineering and geological criteria that must be met before estimated oil and gas reserves can be categorised as “proved”, the accuracy of reserve estimates depends on a number of factors, assumptions and variables, including: (i) the quality of available geological, technical and economic data and their interpretation and judgment; (ii) projections regarding future rates of production and operating costs and development costs; (iii) changes in the prevailing tax rules, other government regulations and contractual conditions; (iv) results of drilling, testing and the actual production performance of the Company’s reservoirs after the date of the estimates which may drive substantial upward or downward revisions; and (v) changes in oil and natural gas commodity prices which could affect expected future cash flows and the quantities of the Company’s proved reserves since the estimates of reserves are based on prices and costs existing as of the date when these estimates are made. Lower oil prices or the projections of higher operating and development costs may impair the ability of the Company to economically produce reserves leading to downward reserve revisions. Many of the factors, assumptions and variables involved in estimating proved reserves are subject to change over time and therefore affect the estimates of oil and natural gas reserves. Similar uncertanties concern unproved reserves. The determination of whether potentially economic oil and natural gas reserves have been discovered by an exploration well is made within a year after well completion. The evaluation process of a discovery, which requires performing additional appraisal activities on the potential oil and natural gas field and establishing the optimum development plans, can take longer, in most cases, depending on the complexity of the project and on the size of capital expenditures required. During this period, the costs related to these exploration wells remain suspended on the balance sheet. In any case, all such capitalised costs are reviewed, at least, on an annual basis to confirm the continued intent to develop, or otherwise to extract value from the discovery. Field reserves will be categorised as proved only when all the criteria for attribution of proved status have been met. Proved reserves can be classified as developed or undeveloped. Volumes are classified into proved developed reserves as a consequence of development activity. Generally, reserves are booked as proved developed at the start of production. Major development projects typically take one four Estimated proved reserves are used in determining depreciation, amortisation and depletion charges (see the accounting policy for “UOP depreciation, depletion and amortisation”) judgment. Assuming all other variables are held constant, an increase in estimated proved developed reserves for each field decreases depreciation, amortisation and depletion charge under the UOP method. Conversely, a decrease in estimated proved developed reserves increases depreciation, amortisation and depletion charge. |
Property, plant and equipment | Property, plant and equipment Property, plant and equipment, including investment properties, are recognized using the cost model and initially stated at their purchase price or construction cost including any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management 13 For assets that necessarily take a substantial period of time to get ready for their intended use, the purchase price or construction cost comprises the borrowing costs incurred in the period to get the asset ready for use that would have been avoided if the expenditure had not been made. In the case of a present obligation for dismantling and removal of assets and restoration of sites, the initial carrying amount of an item of property, plant and equipment includes the estimated (discounted) costs to be incurred when the removal event occurs; a corresponding amount is recognised as part of a specific provision (see the accounting policy for “Decommissioning and restoration liabilities”). Analogous approach is adopted for present obligations to realise social projects in oil and gas development areas. Property, plant and equipment are not revalued for financial reporting purposes. Expenditures on upgrading, revamping and reconversion are recognised as items of property, plant and equipment when it is probable that they will increase the expected future economic benefits of the asset. Assets acquired for safety or environmental reasons, although not directly increasing the future economic benefits of any particular existing item of property, plant and equipment, qualify for recognition as assets when they are necessary for running the business. 13 Depreciation of tangible assets begins when they are available for use, i.e. when they are in the location and condition necessary for it to be capable of operating as planned. Property, plant and equipment are depreciated on a systematic basis over their useful life. The useful life is the period over which an asset is expected to be available for use by the Company. When tangible assets are composed of more than one significant part with different useful lives, each part is depreciated separately. The depreciable amount is the asset’s carrying amount less its residual value at the end of its useful life, if it is significant and can be reasonably determined. Land is not depreciated, even when acquired together with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). Changes in the asset's useful life, in its residual value or in the pattern of consumption of the future economic benefits embodied in the asset, are accounted for prospectively. Assets to be handed over for no consideration are depreciated over the shorter term between the duration of the concession or the asset’s useful life. Replacement costs of identifiable parts in complex assets are capitalised and depreciated over their useful life; the residual carrying amount of the part that has been substituted is charged to the profit and loss account. Non-removable leasehold improvements are depreciated over the earlier of the useful life of the improvements and the lease term. Expenditures for ordinary maintenance and repairs, other than replacements of identifiable components, which reintegrate, and do not increase the performance of the assets, are recognised as an expense as incurred. The carrying amount of property, plant and equipment is derecognised on disposal or when no future economic benefits are expected from its use or disposal; the arising gain or loss is recognized in the profit and loss account. |
Leases | Leases 14 A contract is, or contains, a lease, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration 15 At the commencement date of the lease (i.e. the date on which the underlying asset is available for use), a lessee recognises on the balance sheet an asset representing its right to use the underlying leased asset (hereinafter also referred as right-of-use asset) and a liability representing its obligation to make lease payments during the lease term (hereinafter also referred as lease liability). 16 14 As expressly provided for in IFRS 16 this accounting policy does not apply to leases to explore for and extract resources such as those for oil and gas rights, leases of land and any rights of way related to oil and gas activities. 15 The assessment of whether the contract is, or contains, a lease is performed at the inception date, that is the earlier of the date of a lease agreement and the date of commitment by the parties to the principal terms and conditions of the lease. 16 Eni applies the recognition exemptions allowed for short-term leases (for certain classes of underlying assets) and low-value leases, by recognising the lease payments associated with those leases as an expense on a straight-line basis over the lease term. In particular, the lease liability is initially recognised at the present value of the following lease payments 17 18 After the initial recognition, the lease liability is measured on an amortised cost basis and is remeasured, normally, as an adjustment to the carrying amount of the related right-of-use asset, to reflect changes to the lease payments due, essentially, to: (i) modifications in the lease contract not accounted as a separate lease; (ii) changes in indexes or rates (used to determine the variable lease payments); or (iii) changes in the assessment of contractual options (e.g. options to purchase the underlying asset, extension or termination options). The right-of-use asset is initially measured at cost, which comprises: (i) the amount of the initial measurement of the lease liability; (ii) any initial direct costs incurred by the lessee 19 20 The depreciation charges of the right-of-use asset and the interest expenses on the lease liability directly attributable to the construction of an asset are capitalised as part of the cost of such asset and subsequently recognised in the profit and loss account through depreciation/impairments or write-off, mainly in the case of exploration assets. In the oil and gas activities, the operator of an unincorporated joint operation which enters into a lease contract as the sole signatory recognises on the balance sheet: (i) the entire lease liability if, based on the contractual provisions and any other relevant facts and circumstances, it has primary responsibility for the liability towards the third-party supplier; and (ii) the entire right-of-use asset, unless, on the basis of the terms and conditions of the contract, there is a sublease with the followers. The followers’ share of the right-of-use asset, recognised by the operator, will be recovered according to the joint operation’s contractual arrangements by billing the project costs attributable to the followers and collecting the related cash calls. Costs recovered from the followers are recognised as “Other income and revenues” in the profit and loss account and as net cash provided by operating activities in the statement of cash flows. 17 18 19 20 Depreciation charges are recognised on a systematic basis from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. Nevertheless, if the lease transfers ownership of the underlying asset to the lessee by the end of the lease term, or if the cost of the right-of-use asset reflects that the lessee will exercise a purchase option, the right-of-use asset is depreciated from the commencement date to the end of the useful life of the underlying asset. Differently, if a lease contract is signed by all the partners, Eni recognises its share of the right-of-use asset and lease liability on the balance sheet based on its working interest. If Eni does not have primary responsibility for the lease liability and, on the basis of the terms and conditions of the contract, there is not a sublease, it does not recognise any right-of-use asset and lease liability related to the lease contract. When lease contracts are entered into by companies other than subsidiaries that act as operators on behalf of the other participating companies (the so-called operating companies), consistent with the provision to recover from the followers the costs related to the oil and gas activities, the participating companies recognise their share of the right-of-use assets and the lease liabilities based on their working interest, defined according to the expected use, to the extent that it is reliably determinable, of the underlying assets. Significant accounting estimates and judgments: lease transactions With reference to lease contracts, management makes significant estimates and judgments related to: (i) determining the lease term, considering all facts and circumstances that generate an economic incentive, or not, to exercise any extension and/or termination options; (ii) determining the lessee’s incremental borrowing rate; (iii) identifying and, where appropriate, separating non-lease components from lease components, where an observable stand-alone price is not readily available, taking into account also the analysis performed with external experts; (iv) recognising lease contracts, for which the underlying assets are used in oil and gas activities (mainly drilling rigs and FPSOs), entered into as operator within an unincorporated joint operation, considering if the operator has primary responsibility for the liability towards the third-party supplier and the relationships with the followers; (v) identifying the variable lease payments and the related characteristics in order to include them in the measurement of the lease liability. |
Intangible assets | Intangible assets Intangible assets are identifiable non-monetary assets without physical substance, controlled by the Company and able to produce future economic benefits, and goodwill. An asset is classified as intangible when management is able to distinguish it clearly from goodwill. Intangible assets are initially recognised at cost as determined by the criteria described in the accounting policy for “Property, plant and equipment” and they are never revalued for financial reporting purposes. Intangible assets with finite useful lives are amortised on a systematic basis over their useful life; the amortisation is carried out in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. Goodwill and intangible assets with indefinite useful lives are not amortised. For the recoverability of the carrying amounts of goodwill and other intangible assets see the accounting policy for “Impairment of non-financial assets”. Costs of obtaining a contract with a customer are recognised on the balance sheet if the Company expects to recover those costs. The carrying value of the intangible asset arising from those costs is amortised on a systematic basis, that is consistent with the transfer to the customer of the goods or services to which the asset relates, and is tested for impairment. Costs of technological development activities, including devolpement costs related to CCS Projects (Carbon, Capture and Storage) incurred before the construction of the physical infrastucture, are capitalised when: (i) the cost attributable to the development activity can be measured reliably; (ii) there is the intention and the availability of financial and technical resources to make the asset available for use or sale; and (iii) it can be demonstrated that the asset is able to generate probable future economic benefits. The carrying amount of intangible assets is derecognised on disposal or when no future economic benefits are expected from its use or disposal; any arising gain or loss is recognised in the profit and loss account. |
Impairment of non-financial assets | Impairment of non-financial assets Non-financial assets (tangible assets, intangible assets and right-of-use assets) are tested for impairment whenever events or changes in circumstances indicate that the carrying amounts for those assets may not be recoverable. The recoverability assessment is performed for each cash-generating unit (hereinafter also CGU) represented by the smallest identifiable group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or group of assets. CGUs may include corporate assets which do not generate cash inflows independently of other assets or group of assets but which contribute to the future cash flows of more CGUs; the portions of corporate assets are allocated to a specific CGU or, if not possible, to a group of CGUs on a reasonable and consistent basis. Goodwill is tested for impairment at least annually, and whenever there is any indication of impairment, at the lowest level within the entity at which it is monitored for internal management purposes. Right-of-use assets, which generally do not generate cash inflows independently of other assets or groups of assets, are allocated to the CGU to which they belong; the right-of-use assets which cannot be fully attributed to a CGU are considered as corporate assets. The recoverability of the carrying amount of common facilities within the E&P operating segment is assessed by considering the set of recoverable amounts of the CGUs benefiting from the common facility. The recoverability of a CGU is assessed by comparing its carrying amount with the recoverable amount, which is the higher of the CGU’s fair value less costs of disposal and its value in use. Value in use is the present value of the future cash flows expected to be derived from continuing use of the CGU and, if significant and reliably measurable, the cash flows expected to be obtained from its disposal at the end of its useful life, after deducting the costs of disposal. The expected cash flows are determined on the basis of reasonable and supportable assumptions that represent management’s best estimate of the range of economic conditions that will exist over the remaining useful life of the CGU, giving greater weight to external evidence. The value in use of CGUs which include material right-of-use assets is calculated, normally, by ignoring lease payments included in the measurement of the lease liabilities. With reference to commodity prices, management uses the price scenario adopted for economic and financial projections and for the evaluation of investments over their entire life. In particular, for the cash flows associated with oil, natural gas and petroleum products prices (and prices derived from them), the price scenario is approved by the Board of Directors (see “Significant accounting estimates and judgments used to take into account the impacts of climate-related risks”). For impairment test purposes, cash outflows expected to be incurred to guarantee compliance with laws and regulations regarding CO 2 In particular, in estimating value in use, the cash outflows for forestry projects 21 For the determination of value in use, the estimated future cash flows are discounted using a rate that reflects a current market assessment of the time value of money and of the risks specific to the asset that are not reflected in the estimated future cash flows. In particular, the discount rate used is the Weighted Average Cost of Capital (WACC) adjusted for the specific country risk of the CGU. These adjustments are measured considering information from external parties. WACC differs considering the risk associated with each operating segment/business where the asset operates. In particular, for the assets belonging to the Global Gas & LNG Portfolio (GGP) operating segment, the Chemicals, Power business, E-Mobility, Retail Domestic and Renewable businesses, Fuel Sales, Biomethane and Green Refinery businesses, the Agri-Feedstock Business and Eni Rewind business, the riskiness is determined on the basis of a sample of comparable companies. For the E&P operating segment and REVT (Refining Evolution and Transformation) business, the riskiness is determined, on a residual basis, as the difference between the risk of Eni as a whole and the risk of other operating segments/business. Value in use is calculated net of the tax effect as this method results in values similar to those resulting from discounting pre-tax cash flows at a pre-tax discount rate derived, through an iteration process, from a post-tax valuation. 21 When the carrying amount of the CGU, including goodwill allocated thereto, determined taking into account any impairment loss of the non-current assets belonging to the CGU, exceeds its recoverable amount, the excess is recognised as an impairment loss. The impairment loss is allocated first to reduce the carrying amount of goodwill; any remaining excess is allocated to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the CGU, up to the related recoverable amount. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognised in the profit and loss account. The impairment reversal shall not exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. An impairment loss recognised for goodwill is not reversed in a subsequent period. 22 Significant accounting estimates and judgments: impairment of non-financial assets The recoverability of non-financial assets is assessed whenever events or changes in circumstances indicate that carrying amounts of the assets may not be recoverable. Such impairment indicators include, for example, changes in the Group’s business plans, changes in commodity prices leading to unprofitable performance, a reduced capacity utilisation of plants and, for oil and gas properties, significant downward revisions of estimated reserve quantities or significant increase of the estimated development and production costs. Determination as to whether and how much an asset is impaired involves management estimates on highly uncertain and complex matters such as future commodity prices, future discount rates, future development costs and production costs, the effects of inflation and technology improvements on operating expenses, production profiles and the outlook for global or regional market supply-and-demand conditions also with reference to the decarbonization process and the effects of changes in regulatory requirements. The definition of CGUs and the identification of their appropriate grouping for the purpose of testing for impairment the carrying amount of goodwill, corporate assets as well as common facilities within the E&P operating segment, require judgment by management. In particular, CGUs are identified considering, inter alia, how management monitors the entity’s operations (such as by business lines) or how management makes decisions about continuing or disposing of the entity’s assets and operations. Similar remarks are valid for assessing the physical recoverability of assets recognised on the balance sheet (deferred costs — see also the accounting policy for “Inventories”) related to natural gas volumes not withdrawn under long-term supply contracts with take-or-pay clauses. The determination of the expected future cash flows used for impairment analyses is based on judgmental assessments of future production volumes, prices and costs, considering available information at the date of review. In particular, taking into consideration the current and expected decarbonisation trends, the estimate of expected future cash flows, which considers Eni’s scenarios for commodities price, is performed taking into account: (i) the evolution of the future energy system, (ii) the fundamentals of the various energy markets, as well as (iii) the constant benchmarking with the views of market analysts and other specialised institutions. Such cash flows are discounted using a rate which considers the risks specific to the asset. For oil and natural gas properties, the expected future cash flows are estimated based on proved and probable reserves including, among other elements, production taxes and the costs to be incurred for the reserves yet to be developed. In limited cases (e.g. for mineral interests acquired from third parties as part of a business combination) the expected cash flows may take into account also the risk-adjusted possible reserves, if they are considered to determine the consideration transferred. The estimate of the future rates of production is based on assumptions related to future commodity prices, operating costs, lifting and development costs, field decline rates, market demand and other factors. More details on the main assumptions underlying the determination of the recoverable amount of tangible, intangible and right-of-use assets are set out in note 15 |
Grants related to assets | Grants related to assets Government grants related to assets are recognized by deducting them in calculating the carrying amount of the related assets when there is reasonable assurance that the Company will comply with the conditions attaching to them and the grants will be received. |
Inventories | Inventories Inventories, including compulsory stock, are measured at the lower of purchase or production cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale, or, with reference to inventories of crude oil and petroleum products already included in binding sale contracts, the contractual selling price. Inventories which are principally acquired with the purpose of selling in the near future and generating a profit from fluctuations in price are measured at fair value less costs to sell and any subsequent changes in fair value are recognised in the profit and loss account. Materials and other supplies held for use in production are not written down below cost if the finished products in which they will be incorporated are expected to be sold at or above cost. The cost of inventories of hydrocarbons (crude oil, condensates and natural gas) and petroleum products is determined by applying the weighted average cost method on a three 22 When take-or-pay clauses are included in long-term gas purchase contracts, pre-paid gas volumes that are not withdrawn to fulfill minimum annual take obligations are measured using the pricing formulas contractually defined. They are recognised within “Other assets” as “Deferred costs”, as a contra to “Trade and other payables” or, after settlement, to “Cash and cash equivalents”. The allocated deferred costs are charged to the profit and loss account: (i) when natural gas is actually withdrawn, the related cost is included in the determination of the weighted average cost of inventories; and (ii) for the portion which is not recoverable, when it is not possible to withdraw the previously pre-paid gas within the contractually defined deadlines. Furthermore, the allocated deferred costs are tested for economic recoverability by comparing the related carrying amount and their net realisable value, determined adopting the same criteria described for inventories. |
Financial instruments | Financial instruments Financial assets Financial assets are classified, on the basis of both contractual cash flow characteristics and the entity’s business model for managing them, in the following categories: (i) financial assets measured at amortised cost; (ii) financial assets measured at fair value through other comprehensive income (hereinafter also OCI); (iii) financial assets measured at fair value through profit or loss (hereiafter also FVTPL). At initial recognition, a financial asset is measured at its fair value plus, in the case of a financial asset not at FVTPL, transaction costs that are directly attributable; at initial recognition, trade receivables that do not have a significant financing component are measured at their transaction price. After initial recognition, financial assets whose contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding are measured at amortised cost if they are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows (the so-called hold to collect business model). For financial assets measured at amortised cost, interest income determined using the effective interest rate, foreign exchange differences and any impairment losses 23 Conversely, financial assets that are debt instruments are measured at fair value through OCI (hereinafter also FVTOCI) if they are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets (the so-called hold to collect and sell business model). In these cases: (i) interest income determined using the effective interest rate, foreign exchange differences and any impairment losses (see the accounting policy for “Impairment of financial assets”) are recognised in the profit and loss account; (ii) changes in fair value of the instruments are recognised in equity, within other comprehensive income. The accumulated changes in fair value, recognised in the equity reserve related to other comprehensive income, is reclassified to the profit and loss account when the financial asset is derecognised. Currently the Group does not have any financial assets measured at fair value through OCI. 23 A financial asset represented by a debt instrument that is neither measured at amortised cost nor at FVTOCI, is measured at FVTPL; financial assets held for trading, as well as the portfolios of financial assets managed and evaluated on a fair value basis, fall into this category. Interest income on such financial assets contributes to the related fair value measurement and is recognised in “Finance income (expense)”, within “Net finance income (expense) from financial assets at fair value through profit or loss”. When the purchase or sale of a financial asset is under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned, the transaction is accounted for on the settlement date. Cash and cash equivalents Cash and cash equivalents include cash on hand, demand deposits, as well as financial assets originally due, generally, up to three Impairment of financial assets The expected credit loss model is adopted for the impairment of financial assets that are debt instruments, but are not measured at FVTPL. 24 In particular, the expected credit losses are generally measured by multiplying: (i) the exposure to the counterparty’s credit risk net of any collateral held and other credit enhancements (Exposure At Default, EAD); (ii) the probability that the default of the counterparty occurs (Probability of Default, PD); and (iii) the percentage estimate of the exposure that will not be recovered in case of default (Loss Given Default, LGD), considering the past experiences and the range of recovery tools that can be activated (e.g. extrajudicial and/or legal proceedings, etc.). With reference to trade and other receivables, Probabilities of Default of counterparties are determined by adopting the internal credit ratings already used for credit worthiness and are periodically reviewed using, inter alia, back-testing analyses; for government entities (e.g. National Oil Companies), the Probability of Default, represented essentially by the probability of a delayed payment, is determined by using, as input data, the country risk premium adopted to determine WACC for the impairment review of non-financial assets. 24 For customers without internal credit ratings, the expected credit losses are measured by using a provision matrix, defined by grouping, where appropriate, receivables into adequate clusters to which apply expected loss rates defined on the basis of their historical credit loss experiences, adjusted, where appropriate, to take into account forward-looking information on credit risk of the counterparty or clusters of counterparties. 25 Considering the characteristics of the reference markets, financial assets with more than 180 days past due or, in any case, with counterparties undergoing litigation, restructuring or renegotiation, are considered to be in default. Counterparties are considered undergoing litigation when judicial/legal proceedings aimed to recover a receivable have been activated or are going to be activated. Impairment losses of trade and other receivables are recognised in the profit and loss account, net of any impairment reversal, within the line item of the profit and loss account “Net (impairments) reversals of trade and other receivables”. The financing receivables held for operating purposes, granted to associates and joint ventures, for which settlement is neither planned nor likely to occur in the foreseeable future and which in substance form part of the entity’s net investment in these investees, are tested for impairment, first, on the basis of the expected credit loss model and, then, together with the carrying amount of the investment in the associate/joint venture, in accordance with the criteria indicated in the accounting policy for “The equity method of accounting”. In applying the expected credit loss model, any adjustments to the carrying amount of long-term interest that arise from applying the accounting policy for “The equity method of accounting” are not taken into account. Significant accounting estimates and judgments: impairment of financial assets Measuring impairment losses of financial assets requires management evaluation of complex and highly uncertain elements such as, for example, Probabilities of Default of counterparties, the assessment of any collateral or other credit enhancements, the expected exposure that will not be recovered in case of default, as well as the definition of customers' clusters to be adopted. Further details on the main assumptions underlying the measurement of expected credit losses of financial assets are provided in note 8 Investments in equity instruments Investments in equity instruments that are not held for trading are measured at fair value through other comprehensive income, without subsequent transfer of fair value changes to profit or loss on derecognition of these investments; conversely, dividends from these investments are recognised in the profit and loss account, within the line item “Income (Expense) from investments”, unless they clearly represent a recovery of part of the cost of the investment. In limited circumstances, an investment in equity instruments can be measured at cost if it is an appropriate estimate of fair value. 25 100 Financial liabilities At initial recognition, financial liabilities, other than derivative financial instruments, are measured at their fair value, minus transaction costs that are directly attributable, and are subsequently measured at amortised cost. The sustainability-linked bonds, i.e. financial liabilities featuring a potential increase in the related interest rate to reflect the borrower’s performance relative to certain sustainability targets (the so-called ESG metrics), are measured at amortised cost. Generally, changes in the interest rate result in an update of the effective interest rate to be used for the recognition of interest expense. The issue of a convertible bond into ordinary shares of the issuer (without substantial cash settlement option) determines the separate recognition of the components of the instrument represented by the debt component, measured at amortised cost, and by the conversion option, recognised in equity. Any eventually transaction costs are allocated proportionally between the financial liability and the equity instrument. Significant judgments: financial liabilities The Group’s companies can negotiate supplier finance arrangements (supply chain finance, payable finance, reverse factoring and similar agreements) with suppliers, to obtain extended payment terms, without the necessary and automatic involvement of a financial institution. In such cases, management judges whether or not payables towards suppliers have to be re-classified as financial liabilities from trade/investing activity payables. In order to make such judgment, management considers if the payment terms differ from the ones that are customary in the industry, any additional security is provided as part of the arrangement as well as any other facts and circumstances. The classification as a financial liability determines: (i) upon reclassification/initial recognition of the liability, a non-monetary change in financial liabilities, with no impacts on the statement of cash flows; (ii) upon the settlement of the liability, the classification of the payment within net cash used in financing activities. With reference to sustainability-linked bonds, management assesses whether the non-compliance with an ESG metric could adversely impact operations and, therefore, revenue generation and creditworthiness of the Company. |
Derivative financial instruments and hedge accounting | Derivative financial instruments and hedge accounting Derivative financial instruments, including embedded derivatives (see below) that are separated from the host contract, are assets and liabilities measured at their fair value. With reference to the defined risk management objectives and strategy, the qualifying criteria for hedge accounting requires: (i) the existence of an economic relationship between the hedged item and the hedging instrument in order to offset the related value changes and the effects of counterparty credit risk do not dominate the economic relationship between the hedged item and the hedging instrument; and (ii) the definition of the relationship between the quantity of the hedged item and the quantity of the hedging instrument (the so-called hedge ratio) consistent with the entity’s risk management objectives, under a defined risk management strategy; the hedge ratio is adjusted, where appropriate, after taking into account any adequate rebalancing. A hedging relationship is discontinued prospectively, in its entirety or a part of it, when it no longer meets the risk management objectives on the basis of which it qualified for hedge accounting, it ceases to meet the other qualifying criteria or after rebalancing it. When derivatives hedge the risk of changes in the fair value of the hedged items (fair value hedge, e.g. hedging of the variability in the fair value of fixed interest rate assets/liabilities), the derivatives are measured at fair value through profit or loss. Consistently, the carrying amount of the hedged item is adjusted to reflect, in the profit and loss account, the changes in fair value of the hedged item attributable to the hedged risk; this applies even if the hedged item should be otherwise measured. When derivatives hedge the exposure to variability in cash flows of the hedged items (cash flow hedge, e.g. hedging the variability in the cash flows of assets/liabilities as a result of the fluctuations of exchange rate), the effective changes in the fair value of the derivatives are initially recognised in the equity reserve related to other comprehensive income and then reclassified to the profit and loss account in the same period during which the hedged transaction affects the profit and loss account. If a hedged forecast transaction subsequently results in the recognition of a non-financial asset or a non-financial liability, the accumulated changes in fair value of hedging derivatives, recognised in equity, are included directly in the carrying amount of the hedged non-financial asset/liability (commonly referred to as a “basis adjustment”). The changes in the fair value of derivatives that are not designated as hedging instruments, including any ineffective portion of changes in fair value of hedging derivatives, are recognised in the profit and loss account. In particular, the changes in the fair value of non-hedging derivatives on interest rates and exchange rates are recognised in the profit and loss account line item “Finance income (expense)”; conversely, the changes in the fair value of non-hedging derivatives on commodities are recognised in the profit and loss account line item “Other operating (expense) income”. Derivatives embedded in financial assets are not accounted for separately; in such circumstances, the entire hybrid instrument is classified depending on the contractual cash flow characteristics of the financial instrument and the business model for managing it (see the accounting policy for “Financial assets”). Derivatives embedded in financial liabilities and/or non-financial assets are separated if: (i) the economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks of the host contract; (ii) a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and (iii) the entire hybrid contract is not measured at FVTPL. Eni assesses the existence of embedded derivatives to be separated when it becomes party to the contract and, afterwards, when a change in the terms of the contract that modifies its cash flows occurs. Contracts to buy or sell commodities entered into and continued to be held for the purpose of their receipt or delivery in accordance with the Group’s expected purchase, sale or usage requirements are recognised on an accrual basis (the so-called normal sale and normal purchase exemption or own use exemption). |
Offsetting of financial assets and liabilities | Offsetting of financial assets and liabilities Financial assets and liabilities are set off on the balance sheet if the Group currently has a legally enforceable right to set off and intends to settle on a net basis (or to realise the asset and settle the liability simultaneously). |
Derecognition of financial assets and liabilities | Derecognition of financial assets and liabilities Transferred financial assets are derecognised when the contractual rights to receive the cash flows from the financial assets expire or are transferred to another party. Financial liabilities are derecognised when they are extinguished, or when the obligation specified in the contract is discharged, cancelled or expired. |
Provisions, contingent liabilities and contingent assets | Provisions, contingent liabilities and contingent assets A provision is a liability of uncertain timing or amount on the balance sheet date. Provisions are recognised when: (i) there is a present obligation, legal or constructive, as a result of a past event; (ii) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (iii) the amount of the obligation can be reliably estimated. The amount recognised as a provision is the best estimate of the expenditure required to settle the present obligation or to transfer it to third parties on the balance sheet date. The amount recognised for onerous contracts is the lower of the cost necessary to fulfill the obligations, net of expected economic benefits deriving from the contracts, and any compensation or penalties arising from failure to fulfill these obligations. Where the effect of the time value is material, and the payment date of the obligations can be reasonably estimated, provisions to be accrued are the present value of the expected cash outflows determined taking into account the time value of money and the risks associated with the obligation. The change in provisions due to the passage of time is recognised within “Finance income (expense)” in the profit and loss account. A provision for restructuring costs is recognised only when the Company has a detailed formal plan for the restructuring and has raised a valid expectation in the affected parties that it will carry out the restructuring. Provisions are periodically reviewed and adjusted to reflect changes in the estimates of costs, timing and discount rates. Changes in provisions are recognised in the same profit and loss account line item where the original provision was charged. Contingent liabilities are: (i) possible obligations arising from past events, whose existence will be confirmed only by the occurrence or non-occurrence of one Contingent assets, that are possible assets arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one Decommissioning and restoration liabilities Liabilities for decommissioning and restoration costs are recognized, together with a corresponding amount as part of the related property, plant and equipment, when the conditions indicated in the accounting policy for “Provisions, contingent liabilities and contingent assets” are met. Considering the long time span between the recognition of the obligation and its settlement, the amount recognised is the present value of the future expenditures expected to be required to settle the obligation. Any change due to the unwinding of discount on provisions is recognised within “Finance income (expense)”. Such liabilities are reviewed regularly to take into account the changes in the expected costs to be incurred, contractual obligations, regulatory requirements and practices in force in the countries where the tangible assets are located. The effects of any changes in the estimate of the liability are recognised generally as an adjustment to the carrying amount of the related property, plant and equipment; however, if the resulting decrease in the liability exceeds the carrying amount of the related asset, the excess is recognised in the profit and loss account. Analogous approach is adopted for present obligations to realise social projects related to operating activities carried out by the Company. Environmental liabilities Environmental liabilities are recognised when the Group has a present obligation, legal or constructive, relating to environmental clean-up and remediation of soil and groundwater in areas owned or under concession where the Group performed in the past industrial operations that were progressively divested, shut down, dismantled or restructured. Liabilities for environmental costs are recognised when a clean-up is probable and the associated costs can be reliably estimated. The liability is measured on the basis of the costs expected to be incurred in relation to the existing situation at the balance sheet date, considering virtually certain future developments in technology and legislation that are known. Significant accounting estimates and judgments: decommissioning and restoration liabilities, environmental liabilities and other provisions The Group holds provisions for dismantling and removing items of property, plant and equipment, and restoring land or seabed at the end of the oil and gas production activity. Estimating obligations to dismantle, remove and restore items of property, plant and equipment is complex. It requires management to make estimates and judgments with respect to removal obligations that will come to term many years into the future and contracts and regulations are often unclear as to what constitutes removal. In addition, the ultimate financial impact of environmental laws and regulations is not always clearly known as asset removal technologies and costs constantly evolve in the countries where Eni operates, as do political, environmental, safety and public expectations. The estimates about the timing and amount of future cash outflows, any related update as well as the related discounting are based on complex managerial judgments. Decommissioning and restoration provisions, recognised in the financial statements, include, essentially, the present value of the expected costs for decommissioning oil and natural gas facilities at the end of the economic lives of fields, well-plugging, abandonment and site restoration of the Exploration & Production operating segment. Any decommissioning and restoration provisions associated with the other operating segments’ assets, given their indeterminate settlement dates, also considering the strategy to reconvert plants in order to produce low carbon products, are recognised when it is possible to make a reliable estimate of the discounted abandonment costs. In this regard, Eni performs periodic reviews for any changes in facts and circumstances that might require recognition of a decommissioning and restoration provision. Eni is subject to numerous EU, national, regional and local environmental laws and regulations concerning its oil and gas operations, production and other activities. They include legislations that implement international conventions or protocols. Environmental liabilities are recognised when it becomes probable that an outflow of resources will be required to settle the obligation and such obligation can be reliably estimated. With reference to groundwater treatment plants, the enhancement of the know-how gained on water contamination trends, as well as the positions of the competent authorities, allows the definition of a predictive model for estimating the time horizon within which the operations of those plants will be terminated and, therefore, for estimating the cost of managing and monitoring them. The reliable determinability is verified on the basis of the available information such as, for example, the approval or filing of the environmental projects to the relevant administrative authorities or the making of a commitment to the relevant administrative authorities, where supported by adequate estimates. Management, considering the actions already taken, insurance policies obtained to cover environmental risks and provisions already recognised, does not expect any material adverse effect on Eni’s consolidated results of operations and financial position as a result of such laws and regulations. However, there can be no assurance that there will not be a material adverse impact on Eni’s consolidated results of operations and financial position due to: (i) the possibility of an unknown contamination; (ii) the results of the ongoing surveys and other possible effects of statements required by applicable laws; (iii) the possible effects of future environmental legislations and rules; (iv) the effects of possible technological changes relating to future remediation; and (v) the possibility of litigation and the difficulty of determining Eni’s liability, if any, against other potentially responsible parties with respect to such litigations and the possible reimbursements. In addition to environmental and decommissioning and restoration liabilities, Eni recognises provisions primarily related to legal and trade proceedings. These provisions are estimated on the basis of complex managerial judgments related to the amounts to be recognised and the timing of future cash outflows. After the initial recognition, provisions are periodically reviewed and adjusted to reflect the current best estimate. |
Employee benefits | Employee benefits Employee benefits are considerations given by the Group in exchange for service rendered by employees or for the termination of employment. Post-employment benefit plans, including informal arrangements, are classified as either defined contribution plans or defined benefit plans depending on the economic substance of the plan as derived from its principal terms and conditions. Under defined contribution plans, the Company’s obligation, which consists in making payments to the State or to a trust or a fund, is determined on the basis of contributions due. The liabilities related to defined benefit plans, net of any plan assets, are determined on the basis of actuarial assumptions and charged on an accrual basis during the employment period required to obtain the benefits. Net interest includes the interest cost on liabilities and interest income on plan assets. Net interest is measured by applying to the liability, net of any plan assets, the discount rate used to calculate the present value of the liability; net interest of defined benefit plans is recognised in “Finance income (expense)”. Remeasurements of the net defined benefit liability, comprising actuarial gains and losses, resulting from changes in the actuarial assumptions used or from changes arising from experience adjustments, and the return on plan assets excluding amounts included in net interest, are recognised within the statement of comprehensive income. Remeasurements of the net defined benefit liability, recognised within other comprehensive income, are not reclassified subsequently to the profit and loss account. Obligations for long-term benefits are determined by adopting actuarial assumptions. The effects of remeasurements are taken to profit and loss account in their entirety. The liabilities for termination benefits are recognised at the earlier of the following dates: (a) when the entity can no longer withdraw the offer of those benefits; and (b) when the entity recognises costs for a restructuring that involves the payment of termination benefits. Such liabilities are measured in accordance with the nature of the employee benefit. In particular, if the termination benefits are an enhancement to post-employment benefits, the related liability is measured in accordance with the requirements for post-empoyment benefits. Otherwise liabilities for termination benefits are determined applying the requirements: (i) for short-term employee benefits, if the termination benefits are expected to be settled wholly before twelve twelve |
Share-based payments | Share-based payments The line item “Payroll and related costs” includes the cost of the share-based incentive plan, consistent with its actual remunerative nature. The cost of the share-based incentive plan is measured by reference to the fair value of the equity instruments granted and the estimate of the number of shares that eventually vest; the cost is recognised on an accrual basis pro rata temporis over the vesting period, that is the period between the grant date and the settlement date. The fair value of the shares underlying the incentive plan is measured at the grant date, taking into account the estimate of achievement of market conditions (e.g. Total Shareholder Return), and is not adjusted in subsequent periods; when the achievement is linked also to non-market conditions, the number of shares expected to vest is adjusted during the vesting period to reflect the updated estimate of these conditions. If, at the end of the vesting period, the incentive plan does not vest because of failure to satisfy the performance conditions, the portion of cost related to market conditions is not reversed to the profit and loss account. Significant accounting estimates and judgments: employee benefits and share-based payments Defined benefit plans are evaluated with reference to uncertain events and based upon actuarial assumptions. The significant assumptions used to account for defined benefit plans are determined as follows: (i) discount and inflation rates are based on the market yields on high quality corporate bonds (or, in the absence of a deep market of these bonds, on the market yields on government bonds) and on the expected inflation rates in the reference currency area; (ii) the future salary levels of the individual employees are determined including an estimate of future changes attributed to general price levels (consistent with inflation rate assumptions), productivity, seniority and promotion; (iii) healthcare cost trend assumptions reflect an estimate of the actual future changes in the cost of the healthcare related benefits provided to the plan participants and are based on past and current healthcare cost trends, including healthcare inflation, changes in healthcare utilisation, changes in health status of the participants and the contributions paid to health funds; and (iv) demographic assumptions such as mortality, disability and turnover reflect the best estimate of these future events for individual employees involved. The amount of the net defined benefit liability (asset), changes according to the remeasurements, comprising, among others, changes in the current actuarial assumptions, differences in the previous actuarial assumptions and what has actually occurred and differences in the return on plan assets, excluding amounts included in net interest, usually occur. Similar to the approach followed for the fair value measurement of financial instruments, the fair value of the shares underlying the incentive plans is measured by using complex valuation techniques and identifying, through structured judgments, the assumptions to be adopted. Further details on the share-based incentives plans for managers are provided in note 30 – Costs. |
Equity instruments | Equity instruments Treasury shares Treasury shares, including shares held to meet the future requirements of the share-based incentive plans, are recognised as deductions from equity at cost. Any gain or loss resulting from subsequent sales is recognised in equity. Hybrid bonds The perpetual subordinated hybrid bonds are classified in the financial statements as equity instruments considering that the issuer has the unconditional right to defer, until the date of its own liquidation, the repayment of the principal amount and the payment of accrued interest 26 |
Revenue from contracts with customers | Revenue from contracts with customers Revenue from contracts with customers is recognised on the basis of the following five crude oil, upon shipment; natural gas and electricity, upon delivery to the customer; petroleum products sold to retail distribution networks, upon delivery to the service stations, whereas all other sales of petroleum products are recognised upon shipment; and chemical products and other products, upon shipment. 26 Revenue from crude oil and natural gas production from properties in which Eni has an interest together with other producers is recognised on the basis of the quantities actually lifted and sold (sales method); costs are recognised on the basis of the quantities actually sold. Revenue is measured at the fair value of the consideration to which the Company expects to be entitled in exchange for transferring promised goods and/or services to a customer, excluding amounts collected on behalf of third parties. In determining the transaction price, the promised amount of consideration is adjusted for the effects of the time value of money if the timing of payments agreed to by the parties to the contract provides the customer or the entity with a significant benefit of financing the transfer of goods or services to the customer. The promised amount of consideration is not adjusted for the effect of the significant financing component if, at contract inception, it is expected that the period between the transfer of a promised good or service to a customer and when the customer pays for that good or service will be one If, in a contract, the Company grants a customer the option to acquire additional goods or services for free or at a discount (e.g. sales incentives, customer award points, etc.), this option gives rise to a separate performance obligation in the contract only if the option provides a material right to the customer that it would not receive without entering into that contract. When goods or services are exchanged for goods or services which are of a similar nature and value, the exchange is not regarded as a transaction which generates revenue. Significant accounting estimates and judgments: revenue from contracts with customers Revenue from sales of electricity and gas to retail customers includes the amount accrued for electricity and gas supplied between the date of the last invoiced meter reading (actual or estimated) of volumes consumed and the end of the year. These estimates consider information provided by the grid managers about the volumes allocated among the customers of the secondary distribution network, about the actual and estimated volumes consumed by customers, as well as internal estimates about volumes consumed by customers. Therefore, revenue is accrued as a result of a complex estimate based on the volumes distributed and allocated, communicated by third parties, likely to be adjusted, according to applicable regulations, within the fifth year following the one |
Costs | Costs Costs are recognised when the related goods and services are sold or consumed during the year, when they are allocated on a systematic basis or when their future economic benefits cannot be identified. Costs associated with emission quotas, incurred to meet the compliance requirements (e.g. Emission Trading Scheme) and determined on the basis of market prices, are recognised in relation to the amounts of the carbon dioxide emissions that exceed free allowances. Costs related to the purchase of the emission rights that exceed the amount necessary to meet regulatory obligations are recognised as intangible assets. Revenue related to emission quotas is recognised when they are sold. Emission rights held for trading are recognised within inventories. The costs incurred on a voluntary basis for the acquisition or production of forestry certificates, also taking into account the absence of an active market, are recognised in the profit and loss account when incurred. The costs for the acquisition of new knowledge or discoveries, the study of products or alternative processes, new techniques or models, the planning and construction of prototypes or, in any case, costs incurred for other scientific research activities or technological development, which cannot be capitalised (see also the accounting policy for “Intangible assets”), are included in the profit and loss account when they are incurred. |
Exchange differences | Exchange differences Revenues and costs associated with transactions in foreign currencies are translated into the functional currency by applying the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the spot exchange rate on the balance sheet date and any resulting exchange differences are included in the profit and loss account within “Finance income (expense)” or, if designated as hedging instruments for the foreign currency risk, in the same line item in which the economic effects of the hedged item are recognised. Non-monetary assets and liabilities denominated in foreign currencies, measured at cost, are not retranslated subsequent to initial recognition. Non-monetary items measured at fair value, recoverable amount or net realisable value are retranslated using the exchange rate at the date when the value is determined. |
Dividends | Dividends Dividends are recognised when the right to receive payment of the dividend is established. Dividends and interim dividends to owners are shown as changes in equity when the dividends are declared by, respectively, the shareholders’ meeting and the Board of Directors. |
Income taxes | Income taxes Current income taxes are determined on the basis of estimated taxable profit. Current income tax assets and liabilities are measured at the amount expected to be paid to (recovered from) the taxation authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and liabilities are recognised for temporary differences arising between the carrying amounts of the assets and liabilities and their tax bases, based on tax rates and tax laws that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets are recognised when their recoverability is considered probable, i.e. when it is probable that sufficient taxable profit will be available in the same year as the reversal of the deductible temporary difference. Similarly, deferred tax assets for the carry-forward of unused tax credits and unused tax losses are recognised to the extent that their recoverability is probable. The carrying amount of the deferred tax assets is reviewed, at least, on an annual basis. If there is uncertainty over income tax treatments, if the company concludes it is probable that the taxation authority will accept an uncertain tax treatment, it determines the (current and/or deferred) income taxes to be recognised in the financial statements consistent with the tax treatment used or planned to be used in its income tax filings. Conversely, if the company concludes it is not probable that the taxation authority will accept an uncertain tax treatment, the company reflects the effect of uncertainty in determining the (current and/or deferred) income taxes to be recognised in the financial statements. Relating to the taxable temporary differences associated with investments in subsidiaries and associates, and interests in joint arrangements, the related deferred tax liabilities are not recognised if the investor is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are presented within non-current assets and liabilities and are offset at a single entity level if related to off-settable taxes. The balance of the offset, if positive, is recognised in the line item “Deferred tax assets” and, if negative, in the line item “Deferred tax liabilities”. When the results of transactions are recognised in other comprehensive income or directly in equity, the related current and deferred taxes are also recognised in other comprehensive income or directly in equity. Significant accounting estimates and judgments: income taxes The computation of income taxes involves the interpretation of applicable tax laws and regulations in many jurisdictions throughout the world. Although Eni aims to maintain a relationship with the taxation authorities characterised by transparency, dialogue and cooperation (e.g. by not using aggressive tax planning and by using, if available, procedures intended to eliminate or reduce tax litigations), there can be no assurance that there will not be a tax litigation with the taxation authorities where the legislation could be open to more than one Management makes complex judgments regarding mainly the assessment of the recoverability of deferred tax assets, related both to deductible temporary differences and unused tax losses, which requires estimates and evaluations about the amount and the timing of future taxable profits. |
Assets held for sale and discontinued operations | Assets held for sale and discontinued operations Non-current assets and current and non-current assets included within disposal groups are classified as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the asset or the disposal group is available for immediate sale in its present condition. When there is a sale plan involving loss of control of a subsidiary, all the assets and liabilities of that subsidiary are classified as held for sale, regardless of whether a non-controlling interest in its former subsidiary will be retained after the sale. Non-current assets held for sale, current and non-current assets included within disposal groups that have been classified as held for sale and the liabilities directly associated with them are recognised on the balance sheet separately from other assets and liabilities. Immediately before the initial classification of a non-current asset and/or a disposal group as held for sale, the non-current asset and/or the assets and liabilities in the disposal group are measured in accordance with applicable IFRSs. Subsequently, non-current assets held for sale are not depreciated or amortised and they are measured at the lower of the fair value less costs to sell and their carrying amount. If an equity-accounted investment, or a portion of that investment meets the criteria to be classified as held for sale, it is no longer accounted for using the equity method and it is measured at the lower of its carrying amount at the date the equity method is discontinued, and its fair value less costs to sell. Any retained portion of the equity-accounted investment that has not been classified as held for sale is accounted for using the equity method until disposal of the portion that is classified as held for sale takes place. Any difference between the carrying amount of the non-current assets and the fair value less costs to sell is taken to the profit and loss account as an impairment loss; any subsequent reversal is recognised up to the cumulative impairment losses, including those recognised prior to qualification of the asset as held for sale. Non-current assets classified as held for sale and disposal groups are considered a discontinued operation if they, alternatively: (i) represent a separate major line of business or geographical area of operations; (ii) are part of a disposal program of a separate major line of business or geographical area of operations; or (iii) are a subsidiary acquired exclusively with a view to resale. The results of discontinued operations, as well as any gain or loss recognised on the disposal, are indicated in a separate line item of the profit and loss account, net of the related tax effects; the economic figures of discontinued operations are indicated also for prior periods presented in the financial statements. If events or circumstances occur that no longer allow to classify a non-current asset or a disposal group as held for sale, the non-current asset or the disposal group is reclassified into the original line items of the balance sheet and measured at the lower of: (i) its carrying amount at the date of classification as held for sale adjusted for any depreciation, amortisation, impairment losses and reversals that would have been recognised had the asset or disposal group not been classified as held for sale, and (ii) its recoverable amount at the date of the subsequent decision not to sell. |
Fair value measurements | Fair value measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (not in a forced liquidation or a distress sale) at the measurement date (exit price). Fair value measurement is based on the market conditions existing at the measurement date and on the assumptions of market participants (market-based measurement). A fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market to which the entity has access, independently from the entity’s intention to sell the asset or transfer the liability to be measured. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. Highest and best use is determined from the perspective of market participants, even if the entity intends a different use; an entity’s current use of a non-financial asset is presumed to be its highest and best use, unless market or other factors suggest that a different use by market participants would maximise the value of the asset. The fair value of a liability, both financial and non-financial, or of the Company’s own equity instrument, in the absence of a quoted price, is measured from the perspective of a market participant that holds the identical item as an asset at the measurement date. The fair value of financial instruments takes into account the counterparty’s credit risk for a financial asset (Credit Valuation Adjustment, CVA) and the Company’s own credit risk for a financial liability (Debit Valuation Adjustment, DVA). In the absence of available market quotation, fair value is measured by using valuation techniques that are appropriate in the circumstances, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. Assets and liabilities measured at fair value are categorized into the fair value hierarchy which is defined on the basis of the significance of the inputs used to measure fair value. In particular, on the basis of the features of the inputs used in the measurement, the fair value hierarchy provides for the following levels: a) Level 1 b) Level 2 c) Level 3 Significant accounting estimates and judgments: fair value Fair value measurement, although based on the best available information and on the use of appropriate valuation techniques, is inherently uncertain, requires the use of professional judgment and could result in expected values other than the actual ones. |
Significant accounting polici_3
Significant accounting policies, estimates and judgements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Significant accounting policies, estimates and judgements | |
Schedule of foreign exchange rates used to translate the financial statements into Parent's functional currency | (currency amount for 1 Annual average exchange rate 2023 Exchange rate at December 31, 2023 Annual average exchange rate 2022 Exchange rate at December 31, 2022 Annual average exchange rate 2021 Exchange rate at December 31, 2021 U.S. Dollar 1.08 1.11 1.05 1.07 1.18 1.13 Pound Sterling 0.87 0.87 0.85 0.89 0.86 0.84 Australian Dollar 1.63 1.63 1.52 1.57 1.57 1.56 |
Business combinations and oth_2
Business combinations and other significant transactions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Business combinations and other significant transactions | |
Schedule of detailed information about business combinations | Balance sheet values at the acquisition date of the business combinations realized in 202 3 are shown in the following table: (€ million) Plenitude business line Exploration & Production segment Chemicals business line Total Cash and cash equivalents 29 122 4 155 Other current assets 5 208 195 408 Current assets 34 330 199 563 Property, plant and equipment 168 652 255 1,075 Goodwill 6 19 25 Deferred tax assets 3 33 36 Other non-current assets 259 91 524 874 Non-current assets 436 743 831 2,010 TOTAL ASSETS 470 1,073 1,030 2,573 Current financial liabilities 1 103 104 Other current liabilities 9 125 184 318 Current liabilities 10 125 287 422 Non-current financial liabilities 32 2 108 142 Provisions 2 86 88 Deferred tax liabilities 13 195 208 Other non-current liabilities 3 1 4 8 Non-current liabilities 50 284 112 446 TOTAL LIABILITIES 60 409 399 868 Equity attributable to Eni 408 664 631 1,703 Non-controlling interest 2 2 TOTAL EQUITY 410 664 631 1,705 TOTAL LIABILITIES AND EQUITY 470 1,073 1,030 2,573 |
Schedule of detailed information about divestments | Balance sheet values of the divestments and/or business combinations realized in 202 3 are shown in the following table: (€ million) EniCorridor Srl (now SeaCorridor Srl) Exploration activities in Gabon Total Cash and cash equivalents 25 25 Current financial assets 147 8 155 Other current assets 130 130 Current assets 302 8 310 Property, plant and equipment 8 8 Deferred tax assets 8 8 Other non-current assets 137 137 Non-current assets 153 153 TOTAL ASSETS 455 8 463 Other current liabilities 112 112 Current liabilities 112 112 Other non-current liabilities 12 12 Non-current liabilities 12 12 TOTAL LIABILITIES 124 124 Equity attributable to Eni 331 8 339 TOTAL EQUITY 331 8 339 TOTAL LIABILITIES AND EQUITY 455 8 463 |
Financial assets at fair valu_2
Financial assets at fair value through profit or loss (Tables) - Financial assets at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2023 | |
Financial assets at fair value through profit or loss | |
Disclosure of financial assets at fair value through profit and loss | (€ million) December 31, 2023 December 31, 2022 Bonds issued by sovereign states 1,250 1,244 Other 5,196 5,243 Financial assets held for trading 6,446 6,487 Other financial assets at fair value through profit or loss 336 1,764 Total financial assets at fair value through profit or loss 6,782 8,251 |
Schedule of financial assets at fair value through profit and loss breakdown by currency | (€ million) December 31, 2023 December 31, 2022 Euro 3,766 3,599 U.S. dollars 2,680 2,885 Other currencies 3 Financial assets held for trading 6,446 6,487 Euro 200 1,201 U.S. dollars 136 563 Other financial assets at fair value through profit or loss 336 1,764 Total financial assets at fair value through profit or loss 6,782 8,251 |
Schedule of financial assets at fair value through profit and loss by issuing entity and credit rating | Nominal value (€ million) Fair Value (€ million) Rating - Moody's Rating - S&P Quoted bonds issued by sovereign states Fixed rate bonds Italy 178 180 Baa3 BBB United States of America 603 536 Aaa AA+ Spain 166 170 Baa1 A Canada 65 59 Aaa AAA France 58 58 Aa2 AA Other (*) 96 89 from Aaa to A3 from AAA to A 1,166 1,092 Floating rate bonds Italy 155 158 Baa3 BBB 155 158 Total quoted bonds issued by sovereign states 1,321 1,250 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,995 1,885 from Aaa to Baa2 from AAA to BBB Quoted bonds issued by financial and insurance companies 819 788 from Aaa to Baa3 from AAA to BBB- Other bonds 1,023 1,007 from Aaa to Baa3 from AAA to BBB- 3,837 3,680 Floating rate bonds Quoted bonds issued by financial and insurance companies 629 616 from Aaa to Baa2 from AAA to BBB- Quoted bonds issued by industrial companies 469 452 from Aa2 to Baa3 from AA to BBB- Other bonds 476 448 from Aaa to Baa2 from AAA to BBB 1,574 1,516 Total other bonds 5,411 5,196 Total financial assets held for trading 6,732 6,446 Other financial assets at fair value through profit or loss 350 336 from AAAm to BBB 7,082 6,782 (*) Amounts included herein are lower than €50 million. |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Trade and other receivables | |
Schedule of analysis of trade and other receivables | (€ million) December 31, 2023 December 31, 2022 Trade receivables 13,184 16,556 Receivables from joint ventures in exploration and production activities 1,365 1,645 Receivables from divestments 200 301 Other receivables 1,802 2,338 Total trade and other receivables, net of allowance for doubtful accounts 16,551 20,840 |
Schedule of credit risk exposure and expected losses relating to trade and other receivables based on internal ratings | Performing receivables Defaulted receivables Plenitude customers Total (€ million) Low risk Medium Risk High Risk December 31, 2023 Business customers 3,577 5,303 331 909 10,120 National Oil Companies and Public Administrations 215 634 168 2,438 3,455 Other counterparties 1,103 616 10 590 2,995 5,314 Gross amount 4,895 6,553 509 3,937 2,995 18,889 Allowance for doubtful accounts (19 ) (72 ) (23 ) (1,668 ) (556 ) (2,338 ) Net amount 4,876 6,481 486 2,269 2,439 16,551 Expected loss (% net of counterpart risk mitigation factors) 0.4 1.1 4.5 42.4 18.6 12.4 December 31, 2022 Business customers 4,815 7,970 378 1,583 14,746 National Oil Companies and Public Administrations 215 852 2,248 3,315 Other counterparties 1,673 725 13 122 3,200 5,733 Gross amount 6,703 9,547 391 3,953 3,200 23,794 Allowance for doubtful accounts (23 ) (169 ) (15 ) (2,176 ) (571 ) (2,954 ) Net amount 6,680 9,378 376 1,777 2,629 20,840 Expected loss (% net of counterpart risk mitigation factors) 0.4 1.8 3.8 55.0 17.8 12.4 |
Schedule of provision matrix | Past due (€ million) Not-past due from 0 to 3 from 3 to 6 from 6 to 12 over 12 Total December 31, 2023 Plenitude customers: - Retail 1,477 107 45 93 207 1,929 - Middle 716 39 7 11 134 907 - Other 149 4 1 4 1 159 Gross amount 2,342 150 53 108 342 2,995 Allowance for doubtful accounts (72 ) (40 ) (38 ) (76 ) (330 ) (556 ) Net amount 2,270 110 15 32 12 2,439 Expected loss (%) 3.1 26.7 71.7 70.4 96.5 18.6 December 31, 2022 Plenitude customers: - Retail 1,508 74 35 63 203 1,883 - Middle 657 33 11 7 162 870 - Other 436 1 5 4 1 447 Gross amount 2,601 108 51 74 366 3,200 Allowance for doubtful accounts (83 ) (31 ) (31 ) (66 ) (360 ) (571 ) Net amount 2,518 77 20 8 6 2,629 Expected loss (%) 3.2 28.7 60.8 89.2 98.4 17.8 |
Schedule of analyses the allowance for doubtful accounts for trade and other receivables | (€ million) 2023 2022 Allowance for doubtful accounts - beginning of the year 2,954 3,313 Additions for trade and other performing receivables 160 166 Additions for trade and other defaulted receivables 342 253 Utilizations for trade and other performing receivables (140 ) (37 ) Utilizations for trade and other defaulted receivables (485 ) (758 ) Other changes (493 ) 17 Allowance for doubtful accounts - end of the year 2,338 2,954 |
Schedule of net (impairment losses) reversals of trade and other receivables | (€ million) 2023 2022 2021 New provisions (502 ) (419 ) (550 ) Net credit losses (98 ) (81 ) (66 ) Reversals 351 547 337 Net (impairments) reversals of trade and other receivables (249 ) 47 (279 ) |
Current and non-current inven_2
Current and non-current inventories (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Current and non-current inventories | |
Schedule of current and non-current inventories | (€ million) December 31, 2023 December 31, 2022 Raw and auxiliary materials and consumables 1,292 1,228 Components and spare parts for drilling operations, plans and equipment 1,628 1,515 Semi-finished, finished products and goods 3,260 4,962 Other 6 4 Current inventories 6,186 7,709 |
Income tax receivables and pa_2
Income tax receivables and payables (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income tax receivables and payables | |
Schedule of income tax receivables and payables | (€ million) December 31, 2023 December 31, 2022 Receivables Payables Receivables Payables Current Non-current Current Non-current Current Non-current Current Non-current Income taxes 460 142 1,685 38 317 114 2,108 253 |
Other assets and liabilities (T
Other assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other assets and liabilities | |
Schedule of other assets and liabilities | December 31, 2023 December 31, 2022 (€ million) Assets Liabilities Assets Liabilities Current Non-current Current Non-current Current Non-current Current Non-current Fair value of derivative financial instruments 3,323 46 2,414 153 11,076 129 9,042 286 Contract liabilities 437 691 1,145 706 Other Taxes 915 137 1,811 16 807 157 1,463 34 Other 1,399 3,210 917 3,236 938 1,950 823 2,208 5,637 3,393 5,579 4,096 12,821 2,236 12,473 3,234 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Property, plant and equipment | |
Schedule of property, plant and equipment | (€ million) Land and buildings E&P wells, plant and machinery Other plant and machinery E&P exploration assets and appraisal E&P tangible assets in progress Other tangible assets in progress and advances Total 2023 Net carrying amount - beginning of the year 1,088 40,492 4,280 1,345 7,494 1,633 56,332 Additions 22 407 764 6,294 1,252 8,739 Depreciation capitalized 20 184 1 205 Depreciation (*) (47 ) (5,699 ) (610 ) (6,356 ) Impairments (30 ) (1,164 ) (366 ) (226 ) (390 ) (2,176 ) Reversals 109 42 257 36 444 Write-off (2 ) (420 ) (25 ) (447 ) Currency translation differences 1 (1,223 ) (39 ) (46 ) (268 ) (3 ) (1,578 ) Initial recognition and changes in estimates 3 698 16 17 14 748 Changes in the scope of consolidation - included entities 48 521 298 131 77 1,075 Changes in the scope of consolidation - excluded entities (1 ) (1 ) Transfers 37 5,592 595 (70 ) (5,522 ) (632 ) Other changes (11 ) (1,905 ) (32 ) (42 ) 1,349 (45 ) (686 ) Net carrying amount - end of the year 1,111 37,421 4,588 1,568 9,682 1,929 56,299 Gross carrying amount - end of the year 4,354 139,866 32,121 1,568 13,670 4,308 195,887 Provisions for depreciation and impairments 3,243 102,445 27,533 3,988 2,379 139,588 2022 Net carrying amount - beginning of the year 1,071 42,342 3,850 1,244 6,497 1,295 56,299 Additions 22 132 456 655 5,361 1,074 7,700 Depreciation capitalized 11 179 190 Depreciation (*) (51 ) (5,466 ) (555 ) (6,072 ) Impairments (21 ) (313 ) (485 ) (149 ) (414 ) (1,382 ) Reversals 3 40 191 141 38 413 Write-off (1 ) (2 ) (365 ) (218 ) (586 ) Currency translation differences 2 2,422 55 74 368 5 2,926 Initial recognition and changes in estimates (173 ) 2 (7 ) 98 (80 ) Changes in the scope of consolidation - included entities 9 650 695 118 1,472 Changes in the scope of consolidation - excluded entities (1 ) (3,687 ) (6 ) (119 ) (546 ) (4,359 ) Transfers 41 4,402 426 (149 ) (4,253 ) (467 ) Other changes 14 143 (347 ) 1 16 (16 ) (189 ) Net carrying amount - end of the year 1,088 40,492 4,280 1,345 7,494 1,633 56,332 Gross carrying amount - end of the year 4,255 143,432 31,328 1,345 11,654 3,798 195,812 Provisions for depreciation and impairments 3,167 102,940 27,048 4,160 2,165 139,480 (*) Before capitalization of depreciation of tangible assets |
Schedule of depreciation rates | (%) Buildings 2 - 10 Refining and chemical plants 3 - 17 Gas pipelines and compression stations 4 - 12 Power plants 3 - 5 Other plant and machinery 6 - 12 Industrial and commercial equipment 5 - 25 Other assets 10 - 20 |
Schedule of stratification of the suspended wells pending final determination of proved reserves aging | (€ million) 2023 2022 2021 Costs for exploratory wells suspended - beginning of the year 1,085 1,101 1,268 Increases for which is ongoing the determination of proved reserves 834 547 288 Amounts previously capitalized and expensed in the year (388 ) (374 ) (286 ) Reclassification to successful exploratory wells following the estimation of proved reserves (72 ) (147 ) (43 ) Disposals (3 ) (2 ) (3 ) Changes in the scope of consolidation (114 ) (199 ) Currency translation differences (40 ) 65 100 Other changes (25 ) 9 (24 ) Costs for exploratory wells suspended - end of the year 1,391 1,085 1,101 The following information relates to the stratification of the suspended wells pending final determination (ageing): 2023 2022 2021 (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) Costs capitalized and suspended for exploratory well activity - within 1 417 7.9 216 5.0 175 4.0 - between 1 3 347 6.1 246 4.9 269 12.2 - beyond 3 627 14.5 623 13.9 657 19.7 1,391 28.5 1,085 23.8 1,101 35.9 Costs capitalized for suspended wells - fields including wells drilled over the last 12 417 7.9 204 4.5 175 4.0 - fields for which the delineation campaign is in progress 804 14.0 579 11.3 567 17.9 - fields including commercial discoveries that are progressing to a FID 170 6.6 302 8.0 359 14.0 1,391 28.5 1,085 23.8 1,101 35.9 |
Schedule of unproved mineral interests | (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt United Arab Emirates Italy Indonesia Total 2023 Carrying amount - beginning of the year 198 958 95 16 211 3 520 2 2,003 Additions 61 92 153 Net (impairments) reversals 243 (93 ) 8 158 Reclassification to Proved Mineral Interest (1 ) (51 ) (1 ) (28 ) (81 ) Currency translation differences and other changes (12 ) (33 ) (2 ) (1 ) (6 ) (17 ) (3 ) (74 ) Carrying amount - end of the year 429 924 23 215 2 475 2 89 2,159 2022 Carrying amount - beginning of the year 218 892 3 68 114 16 508 1,819 Additions 11 110 (2 ) 2 121 Net (impairments) reversals (28 ) 93 (56 ) 9 Reclassification to Proved Mineral Interest (6 ) (19 ) (12 ) (19 ) (56 ) Currency translation differences and other changes 14 55 (1 ) 4 6 1 31 110 Carrying amount - end of the year 198 958 95 16 211 3 520 2 2,003 |
Right-of-use assets and lease_2
Right-of-use assets and lease liabilities (Table) | 12 Months Ended |
Dec. 31, 2023 | |
Right-of-use assets and lease liabilities | |
Summary of information about right-of-use assets | (€ million) Floating production storage and offloading vessels (FPSO) Drilling rig Naval facilities and related logistic bases for oil and gas transportation Motorway concessions and service stations Oil and gas distribution facilities O ffice buildings Vehicles Other Total 2023 Net carrying amount - beginning of the year 2,142 148 682 457 19 595 42 361 4,446 Additions 14 570 402 133 19 110 14 322 1,584 Depreciation (a) (145 ) (219 ) (315 ) (74 ) (18 ) (125 ) (12 ) (65 ) (973 ) Impairments (3 ) (2 ) (36 ) (41 ) Reversals 3 2 5 Currency translation differences (71 ) (8 ) (5 ) 4 (2 ) (7 ) (89 ) Changes in the scope of consolidation 3 10 13 Other changes 37 (42 ) (40 ) (28 ) (1 ) (1 ) (27 ) (9 ) (111 ) Net carrying amount - end of the year 1,977 449 724 492 17 580 17 578 4,834 Gross carrying amount - end of the year 2,409 985 1,593 822 81 1,039 47 826 7,802 Provisions for depreciation and impairment 432 536 869 330 64 459 30 248 2,968 2022 Net carrying amount - beginning of the year 2,667 183 575 454 14 618 48 262 4,821 Additions 1,342 189 530 76 28 108 21 110 2,404 Depreciation (a) (226 ) (197 ) (303 ) (70 ) (13 ) (130 ) (21 ) (53 ) (1,013 ) Impairments (5 ) (5 ) (1 ) (7 ) (18 ) Reversals 14 14 Currency translation differences 239 12 10 3 3 267 Changes in the scope of consolidation (1,878 ) (34 ) (39 ) (1 ) 73 (1,879 ) Other changes (2 ) (5 ) (100 ) (6 ) (5 ) (3 ) (5 ) (24 ) (150 ) Net carrying amount - end of the year 2,142 148 682 457 19 595 42 361 4,446 Gross carrying amount - end of the year 2,507 516 1,360 734 87 1,010 86 562 6,862 Provisions for depreciation and impairment 365 368 678 277 68 415 44 201 2,416 (a) Before capitalization of depreciation of tangible assets |
Summary of information about liabilities for leased assets | Liabilities for leased assets were as follows: (€ million) Current portion of long-term lease liabilities Long-term lease liabilities Total 2023 Carrying amount at the beginning of the year 884 4,067 4,951 Additions 1,584 1,584 Decreases (949 ) (14 ) (963 ) Currency translation differences (16 ) (81 ) (97 ) Changes in the scope of consolidation 1 12 13 Other changes 1,208 (1,360 ) (152 ) Carrying amount at the end of the year 1,128 4,208 5,336 2022 Carrying amount at the beginning of the year 948 4,389 5,337 Additions 2,401 2,401 Decreases (980 ) (14 ) (994 ) Currency translation differences 43 242 285 Changes in the scope of consolidation (299 ) (1,654 ) (1,953 ) Other changes 1,172 (1,297 ) (125 ) Carrying amount at the end of the year 884 4,067 4,951 |
Summary of amounts recognized in the profit and loss account for leases | The amounts recognised in the profit and loss account consist of the following: (€ million) 2023 2022 2021 Other income and revenues Income from remeasurement of lease liabilities 17 6 18 17 6 18 Purchases, services and other Short-term leases 59 113 85 Low-value leases 37 27 31 Variable lease payments not included in the measurement of lease liabilities 20 14 14 Capitalized direct cost associated with self-constructed assets - tangible assets (5 ) (5 ) (4 ) 111 149 126 Depreciation and impairments Depreciation of RoU leased assets 973 1,013 928 Capitalized amortization of RoU leased assets - tangible assets (199 ) (186 ) (110 ) Impairments of RoU leased assets 41 18 59 Reversals of RoU leased assets (5 ) (14 ) 810 831 877 Finance income (expense) from leases Interests on lease liabilities (267 ) (315 ) (304 ) Capitalized finance expense of RoU leased assets - tangible assets 11 8 5 Net currency translation differences on lease liabilities 19 (4 ) (34 ) (237 ) (311 ) (333 ) |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Intangible assets | |
Schedule of intangible assets | (€ million) Exploration rights Industrial patents and intellectual property rights Other intangible assets with definite useful lives Intangible assets with definite useful lives Goodwill Other intangible assets with indefinite useful lives To t al 2023 Net carrying amount - beginning of the year 793 176 1,394 2,363 3,138 24 5,525 Additions 20 41 415 476 476 Amortization (8 ) (92 ) (255 ) (355 ) (355 ) Impairments (22 ) (17 ) (39 ) (6 ) (45 ) Reversals 11 11 11 Write-off (85 ) (3 ) (88 ) (88 ) Changes in the scope of consolidation 291 461 752 25 2 779 Currency translation differences (19 ) (1 ) (20 ) (20 ) Other changes (27 ) 34 113 120 (24 ) 96 Net carrying amount - end of the year 663 450 2,107 3,220 3,133 26 6,379 Gross carrying amount - end of the year 1,295 2,119 4,674 8,088 Provisions for amortization and impairment 632 1,669 2,567 4,868 2022 Net carrying amount - beginning of the year 913 155 845 1,913 2,862 24 4,799 Additions 53 28 275 356 356 Amortization (12 ) (74 ) (224 ) (310 ) (310 ) Impairments (14 ) (14 ) (153 ) (167 ) Write-off (13 ) (13 ) (13 ) Changes in the scope of consolidation (200 ) 391 191 482 673 Currency translation differences 54 1 55 11 66 Other changes (2 ) 67 120 185 (64 ) 121 Net carrying amount - end of the year 793 176 1,394 2,363 3,138 24 5,525 Gross carrying amount - end of the year 1,428 1,806 3,705 6,939 Provisions for amortization and impairment 635 1,630 2,311 4,576 |
Schedule of amortization rates used | (%) Exploration rights UOP Concessions, licenses, trademarks and similar items 3 - 33 Industrial patents and intellectual property rights 20 - 33 Capitalized costs for customer acquisition 17 - 33 Other intangible assets 3 - 20 |
Schedule of goodwill | (€ million) December 31, 2023 December 31, 2022 Plenitude 2,909 2,927 Enilive and Refining 102 102 Chemicals 112 93 Corporate and Other activities 10 16 3,133 3,138 |
Exploration rights | |
Intangible assets | |
Schedule of intangible assets | (€ million) December 31, 2023 December 31, 2022 Proved licence and leasehold property acquisition costs 91 104 Unproved licence and leasehold property acquisition costs 572 689 663 793 |
Reversals (Impairments) of ta_2
Reversals (Impairments) of tangible and intangible assets and right-of-use assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Schedule of results of the sensitivity tests expressed in terms of cumulated headroom of the oil&gas CGUs over their corresponding book values under each scenario and potential pre-tax income statement impacts | 2024 2027 2030 2040 2050 Brent $/bbl 73 68 68 58 48 TTF natural gas price $/mmBtu 8.7 9.9 6.8 6.8 6.2 |
Schedule of sensitivity analysis and the main underlying assumptions of each elaboration | Value in use of the O&G CGUs Headroom vs Carrying amounts Possible impairments Assumption at 2050 2022 Tax-deductible CO 2 Non tax-deductible CO 2 € billion Brent price European gas price Cost of CO 2 Eni's scenario 77 % - 48 $/bbl 6.2 $/mmBTU CO 2 costs projections in the EU/ETS + projections of forestry costs 10 56 % - (1.0) CO 2 costs projections in the EU/ETS + projections of forestry costs Eni's scenario with + 1 67 % - (0.2) CO 2 IEA NZE 2050 28 % 23 % (3.2) - (4.3) 25 $/bbl 4.1 $/mmBTU 250 - $ per tonne of CO 2 (*) (*) Range of values depending on advanced or emerging economies with or without net zero commitments. For low-income economies a lower cost is expected. |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments | |
Schedule of equity accounted investments | 2023 2022 Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Carrying amount - beginning of the year 50 7,065 4,977 12,092 44 2,057 3,786 5,887 Additions and subscriptions 3 1,024 186 1,213 21 900 686 1,607 Divestments and reimbursements (2 ) (1 ) (477 ) (480 ) Share of profit of equity-accounted investments 4 818 800 1,622 5 474 1,684 2,163 Share of loss of equity-accounted investments (3 ) (149 ) (129 ) (281 ) (6 ) (197 ) (82 ) (285 ) Deduction for dividends (1 ) (939 ) (1,060 ) (2,000 ) (3 ) (483 ) (708 ) (1,194 ) Changes in the scope of consolidation 3 13 (227 ) (211 ) 5 (710 ) (1,122 ) (1,827 ) Currency translation differences (2 ) (244 ) (166 ) (412 ) 2 (231 ) 230 1 Other changes (1 ) 662 (54 ) 607 (16 ) 5,256 980 6,220 Carrying amount - end of the year 53 8,250 4,327 12,630 50 7,065 4,977 12,092 |
Schedule of net carrying amount of equity-accounted investments | December 31, 2023 December 31, 2022 (€ million) Net carrying amount % of the investment Net carrying amount % of the investment Investments in unconsolidated entities controlled by Eni Other 53 50 53 50 Joint ventures Azule Energy Holdings Ltd 4,750 50.00 5,073 50.00 St. Bernard Renewables Llc 829 50.00 Saipem SpA 722 31.20 645 31.20 SeaCorridor Srl 530 50.10 Cardón IV SA 443 50.00 433 50.00 Mozambique Rovuma Venture SpA 343 35.71 308 35.71 Vårgrønn AS 336 65.00 370 65.00 GreenIT SpA 92 51.00 74 51.00 Lotte Versalis Elastomers Co Ltd 43 50.00 41 50.00 Hergo Renewables SpA 32 65.00 33 65.00 LabAnalysis Environmental Scienze Srl 25 30.00 Società Oleodotti Meridionali - SOM SpA 21 70.00 29 70.00 Other 84 59 8,250 7,065 Associates Abu Dhabi Oil Refining Company (Takreer) 2,434 20.00 2,497 20.00 Vår Energi ASA 447 63.04 763 63.08 QatarEnergy LNG NFE ( 5 439 25.00 302 25.00 Coral FLNG SA 239 25.00 330 25.00 ADNOC Global Trading Ltd 145 20.00 158 20.00 United Gas Derivatives Co 81 33.33 72 33.33 Novis Renewables Holdings Llc 70 49.00 74 49.00 Bluebell Solar Class A Holdings II Llc 70 99.00 73 99.00 Novamont SpA 255 35.00 Altre 402 453 4,327 4,977 12,630 12,092 |
Schedule of market value of investments listed in regulated stock markets | Saipem SpA Vår Energi ASA Number of shares held 662,476,192 1,573,713,749 % of the investment 31.20 63.04 Share price (€) 1.47000 2.86287 Market value (€ million) 915 4,505 Book value (€ million) 722 447 |
Schedule of additional information about other investments | (€ million) 2023 2022 Carrying amount - beginning of the year 1,202 1,294 Additions and subscriptions 102 68 Change in the fair value with effect to OCI 45 56 Currency translation differences (28 ) 42 Other changes (65 ) (258 ) Carrying amount - end of the year 1,256 1,202 |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other financial assets | |
Schedule of other financial assets | December 31, 2023 December 31, 2022 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 34 2,240 11 1,911 Short-term financing receivables held for operating purposes 7 8 41 2,240 19 1,911 Financing receivables held for non-operating purposes 855 1,485 896 2,240 1,504 1,911 Securities held for operating purposes 61 56 896 2,301 1,504 1,967 |
Schedule of financial receivables net of allowance for doubtful accounts | (€ million) 2023 2022 Carrying amount at the beginning of the year 391 403 Additions 15 13 Deductions (9 ) (43 ) Currency translation differences (13 ) 21 Other changes (1 ) (3 ) Carrying amount at the end of the year 383 391 |
Schedule of securities per issuing entity | Amortized cost (€ million) Nominal value (€ million) Fair Value Nominal rate of return (%) Maturity date Rating - Moody's Rating - S&P Sovereign states Fixed rate bonds Italy 19 19 17 from 0 to 2.65 from 2024 to 2031 Baa3 BBB Others (*) 25 25 25 from 0.1 to 5.0 from 2024 to 2027 from Aa1 to Baa2 from AA+ to BBB- Floating rate bonds Italy 12 12 12 from 4.62 to 5.07 from 2024 to 2026 Baa3 BBB Total sovereign states 56 56 54 Other financial institutions European Bank of Investments 5 5 5 3.98 from 2023 to 2024 Aaa AAA Total 61 61 59 ( *) Amounts included herein are lower than €10 million. |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Trade and other payables | |
Schedule of trade and other payables | (€ million) December 31, 2023 December 31, 2022 Trade payables 14,231 19,527 Down payments and advances from joint ventures in exploration & production activities 717 606 Payables for purchase of non-current assets 2,335 2,561 Payables due to partners in exploration & production activities 1,215 1,235 Other payables 2,156 1,780 20,654 25,709 |
Finance debt (Tables)
Finance debt (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | December 31, 2023 December 31, 2022 Short-term debt Current portion of long-term debt Long-term debt Total Short-term debt Current portion of long-term debt Long-term debt Total (€ million) Banks 2,810 600 1,116 4,526 3,645 851 1,999 6,495 Ordinary bonds 1,956 19,535 21,491 2,142 17,368 19,510 Sustainability-linked convertible bonds 9 917 926 Other financial institutions 1,282 356 148 1,786 801 104 7 912 4,092 2,921 21,716 28,729 4,446 3,097 19,374 26,917 |
Schedule of breakdown of committed borrowing facilities | (€ million) December 31, 2023 December 31, 2022 Undrawn long-term sustainability-linked credit facilities with current portion of long-term 9,000 8,100 Other undrawn long-term borrowing facilities 12 2 Other drawn long-term borrowing facilities with current portion of long-term 3 70 Long-term borrowing facilities 9,015 8,172 Undrawn short-term borrowing facilities 38 43 Drawn short-term borrowing facilities 67 83 Short-term borrowing facilities 105 126 9,120 8,298 |
Schedule of fair value of long-term debt | (€ million) December 31, 2023 December 31, 2022 Ordinary bonds and sustainability-linked bonds 21,025 18,167 Convertible sustainability-linked bonds 1,061 Banks 1,652 2,733 Other financial institutions 505 111 24,243 21,011 |
Schedule of changes in liabilities arising from financing activities | (€ million) Long-term debt and current portion of long-term debt Short-term debt Long-term and current portion of long-term lease Total 2023 Carrying amount - beginning of the year 22,471 4,446 4,951 31,868 Cash flows 1,810 (1,495 ) (963 ) (648 ) Currency translation differences (144 ) 182 (116 ) (78 ) Changes in the scope of consolidation 38 352 13 403 Other non-monetary changes 462 607 1,451 2,520 Carrying amount - end of the year 24,637 4,092 5,336 34,065 2022 Carrying amount - beginning of the year 25,495 2,299 5,337 33,131 Cash flows (3,944 ) 1,375 (994 ) (3,563 ) Currency translation differences 208 547 289 1,044 Changes in the scope of consolidation 477 (95 ) (1,953 ) (1,571 ) Other non-monetary changes 235 320 2,272 2,827 Carrying amount - end of the year 22,471 4,446 4,951 31,868 |
Currency | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | December 31, 2023 December 31, 2022 Short term debt (€ million) Weighted average rate (%) Long term debt and current portion of long-term debt (€ million) Weighted average rate (%) Short term debt (€ million) Weighted average rate (%) Long term debt and current portion of long-term debt (€ million) Weighted av erage rate (%) Euro 3,469 3.3 20,293 2.4 3,994 0.9 17,171 1.8 U.S. dollar 614 5.5 4,342 5.9 337 2.2 5,298 5.1 Other currencies 9 2.5 2 5.9 115 2 2.4 4,092 24,637 4,446 22,471 |
Ordinary Bonds with sustainability-linked bonds | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Issuing entity Euro Medium Term Notes Eni SpA 1,250 22 1,272 EUR 2033 4.250 Eni SpA 1,200 14 1,214 EUR 2025 3.750 Eni SpA 1,000 31 1,031 EUR 2029 3.625 Eni SpA 1,000 12 1,012 EUR 2026 1.500 Eni SpA 1,000 4 1,004 EUR 2030 0.625 Eni SpA 1,000 4 1,004 EUR 2026 1.250 Eni SpA 1,000 10 1,010 EUR 2031 2.000 Eni SpA 900 1 901 EUR 2024 0.625 Eni SpA 800 3 803 EUR 2028 1.625 Eni SpA 750 13 763 EUR 2024 1.750 Eni SpA 750 8 758 EUR 2027 1.500 Eni SpA 750 (3 ) 747 EUR 2034 1.000 Eni SpA 679 10 689 USD 2027 variable Eni SpA 650 5 655 EUR 2025 1.000 Eni SpA 600 (2 ) 598 EUR 2028 1.125 Eni SpA 500 3 503 EUR 2025 1.275 Eni SpA 452 452 USD 2026 variable Eni SpA 452 (1 ) 451 USD 2026 variable Eni SpA 100 4 104 EUR 2028 5.441 Eni SpA 75 2 77 EUR 2043 3.875 70 1 71 EUR 2032 4.000 50 (1 ) 49 EUR 2031 4.800 Eni SpA – Sustainability-linked 1,000 (1 ) 999 EUR 2028 0.375 Eni SpA – Sustainability-linked 750 14 764 EUR 2027 3.625 16,778 153 16,931 Other bonds Eni SpA 905 7 912 USD 2028 4.750 Eni SpA 905 1 906 USD 2029 4.250 Eni USA Inc 362 1 363 USD 2027 7.300 Eni SpA 317 1 318 USD 2040 5.700 Eni Plenitude Wind 2022 17 17 EUR 2031 variable 2,000 44 2,044 EUR 2028 4.300 4,506 54 4,560 21,284 207 21,491 |
Convertible senior unsecured sustainability-linked bond | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Issuing entity Eni SpA – Convertible senior unsecured sustainability-linked bonds 1,000 5 1,005 EUR 2030 2.950 of which financial liabilities 920 6 926 EUR of which equity 80 (1 ) 79 EUR |
Information on net borrowings (
Information on net borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Information on net borrowings | |
Schedule of net borrowings | (€ million) December 31, 2023 December 31, 2022 A. Cash 3,731 3,351 B. Cash equivalents 6,462 6,804 C. Other current financial assets 7,637 9,736 D Liquidity (A+B+C) 17,830 19,891 E. Current financial debt 6,057 6,588 F. Current portion of non-current financial debt 2,084 1,839 G. Current financial indebtedness (E+F) 8,141 8,427 H. Net current financial indebtedness (G-D) (9,689 ) (11,464 ) I. Non-current financial debt 5,472 6,073 J. Debt instruments 20,452 17,368 K. Non‐current trade and other payables L. Non-current financial indebtedness (I+J+K) 25,924 23,441 M. Total financial indebtedness (H+L) 16,235 11,977 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of other provisions [abstract] | |
Schedule of provisions for contingencies | (€ million) Provisions for site restoration, abandonment and social projects Environmental provisions Provisions for litigations Provisions for taxes other than income taxes Loss adjustments and actuarial provisions for insurance companies Provisions for losses on investments Provisions for OIL insurance coverage Other Total Carrying amount at December 31, 2022 9,322 3,503 947 219 327 189 97 663 15,267 New or increased provisions 310 783 132 16 97 20 3 574 1,935 Initial recognition and changes in estimates 748 748 Accretion discount 284 57 341 Reversal of utilized provisions (731 ) (476 ) (202 ) (16 ) (161 ) (75 ) (1,661 ) Reversal of unutilized provisions (5 ) (224 ) (219 ) (8 ) (15 ) (4 ) (41 ) (516 ) Currency translation differences (156 ) (2 ) (11 ) (4 ) (1 ) (4 ) (178 ) Change in scope of consolidation 88 88 Other changes (390 ) (28 ) 34 (24 ) (18 ) 15 9 (89 ) (491 ) Carrying amount at December 31, 2023 9,470 3,613 681 183 245 208 105 1,028 15,533 |
Provisions for employee benef_2
Provisions for employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Provisions for employee benefits | |
Schedule of provision for employee benefits | (€ million) December 31, 2023 December 31, 2022 Italian defined benefit plans 156 177 Foreign defined benefit plans 121 142 FISDE, foreign medical plans and other 118 126 Defined benefit plans 395 445 Other benefit plans 353 341 Provision for employee benefits 748 786 |
Schedule of present value of employee benefits, estimated by applying actuarial techniques | 2023 2022 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE,foreign medical plans and other Defined benefit plans Other benefit plans Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total Present value of benefit liabilities at beginning of year 177 644 126 947 341 1,288 227 761 162 1,150 301 1,451 Current service cost 1 10 2 13 51 64 1 11 3 15 52 67 Interest cost 6 29 4 39 10 49 2 24 2 28 1 29 Remeasurements: 5 24 1 30 (2 ) 28 (26 ) (118 ) (33 ) (177 ) (22 ) (199 ) - actuarial (gains) losses due to changes in demographic assumptions 1 1 2 (1 ) 1 9 9 (2 ) 7 - actuarial (gains) losses due to changes in financial assumptions 4 8 2 14 1 15 (34 ) (144 ) (35 ) (213 ) (15 ) (228 ) - experience (gains) losses 15 (1 ) 14 (2 ) 12 8 17 2 27 (5 ) 22 Past service cost and (gain) loss on settlements 2 (13 ) 4 (7 ) 91 84 127 127 Plan contributions: 1 1 1 1 1 1 - employee contributions 1 1 1 1 1 1 Benefits paid (37 ) (39 ) (9 ) (85 ) (97 ) (182 ) (28 ) (30 ) (8 ) (66 ) (87 ) (153 ) Reclassification to liabilities directly associated with assets held for sale (147 ) (6 ) (153 ) (2 ) (155 ) (2 ) (2 ) (4 ) (4 ) Currency translation differences and other changes 2 (129 ) (4 ) (131 ) (39 ) (170 ) 1 (3 ) 2 (31 ) (31 ) Present value of benefit liabilities at end of year (a) 156 380 118 654 353 1,007 177 644 126 947 341 1,288 Plan assets at beginning of year 503 503 503 633 633 633 Interest income 19 19 19 18 18 18 Return on plan assets (117 ) (117 ) (117 ) Past service cost and (gains) losses settlements (1 ) (1 ) (1 ) Plan contributions: 25 25 25 14 14 14 - employee contributions 1 1 1 1 1 1 - employer contributions 24 24 24 13 13 13 Benefits paid (31 ) (31 ) (31 ) (21 ) (21 ) (21 ) Reclassification to liabilities directly associated with assets held for sale (123 ) (123 ) (123 ) Currency translation differences and other changes (132 ) (132 ) (132 ) (23 ) (23 ) (23 ) Plan assets at end of year (b) 261 261 261 503 503 503 Asset ceiling at beginning of year 1 1 1 1 1 1 Change in asset ceiling 1 1 1 Asset ceiling at end of year (c) 2 2 2 1 1 1 Net liability recognized at end of year (a-b+c) 156 121 118 395 353 748 177 142 126 445 341 786 |
Schedule of costs charged to profit and loss account and other comprehensive income | (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total 2023 Current service cost 1 10 2 13 51 64 Past service cost and (gains) losses on settlements 2 (13 ) 4 (7 ) 91 84 Interest cost (income), net: - interest cost on liabilities 6 29 4 39 10 49 - interest income on plan assets (19 ) (19 ) (19 ) Total interest cost (income), net 6 10 4 20 10 30 - of which recognized in "Payroll and related cost" 10 10 - of which recognized in "Financial income (expense)" 6 10 4 20 20 Remeasurements for long-term plans (2 ) (2 ) Administrative fees paid Total 9 7 10 26 150 176 - of which recognized in "Payroll and related cost" 3 (3 ) 6 6 150 156 - of which recognized in "Financial income (expense)" 6 10 4 20 20 2022 Current service cost 1 11 3 15 52 67 Past service cost and (gains) losses on settlements 127 127 Interest cost (income), net: - interest cost on liabilities 2 24 2 28 1 29 - interest income on plan assets (18 ) ( ) (18 ) Total interest cost (income), net 2 6 2 10 1 11 - of which recognized in "Payroll and related cost" 1 1 - of which recognized in "Financial income (expense)" 2 6 2 10 10 Remeasurements for long-term plans (22 ) (22 ) Administrative fees paid 1 1 1 Total 3 18 5 26 158 184 - of which recognized in "Payroll and related cost" 1 12 3 16 158 174 - of which recognized in "Financial income (expense)" 2 6 2 10 10 F-80 Table of Contents Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2023 2022 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Actuarial (gains)/losses due to changes in demographic assumptions 1 1 2 9 9 Actuarial (gains)/losses due to changes in financial assumptions 4 8 2 14 (34 ) (144 ) (35 ) (213 ) Experience (gains) losses 15 (1 ) 14 8 17 2 27 Return on plan assets 117 117 Changes in asset ceiling 1 1 Remeasurements 5 25 1 31 (26 ) (1 ) (33 ) (60 ) |
Schedule of plan assets | (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by insurance companies Other Total December 31, 2023 Plan assets with a quoted market price 4 24 121 11 55 5 15 235 Plan assets without a quoted market price 26 26 4 24 121 11 55 31 15 261 December 31, 2022 Plan assets with a quoted market price 23 25 260 11 4 4 26 146 499 Plan assets without a quoted market price 4 4 23 25 260 11 4 4 30 146 503 |
Schedule of actuarial assumptions used in measurement of defined benefit liabilities and estimated cost | Italian defined benefit plans Foreign defined benefit plans FISDE Other benefit plans 2023 Discount rate (%) 3.1 1.4-25.9 3.1 3.1-3.3 Rate of compensation increase (%) 3.0 1.9-20.0 Rate of price inflation (%) 2.0 1.2-15.5 2.0 2.0 Life expectations on retirement at age 65 (years) 14-23 24 2022 Discount rate (%) 3.7 2.2-15.4 3.7 3.4-3.7 Rate of compensation increase (%) 3.4 1.9-12.5 Rate of price inflation (%) 2.4 1.2-11.5 2.4 2.4 Life expectations on retirement at age 65 (years) 13-24 24 |
Schedule of analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans | Euro area Rest of Europe Africa Other areas Foreign defined benefit plans 2023 Discount rate (%) 3.2-3.3 1.4-4.5 3.2-25.9 6.9 1.4-25.9 Rate of compensation increase (%) 1.9-3.0 3.0 5.0-20.0 5.0 1.9-20.0 Rate of price inflation (%) 1.9-2.1 1.2-3.4 3.1-15.5 3.5 1.2-15.5 Life expectations on retirement at age 65 (years) 21-23 23 14-18 14-23 2022 Discount rate (%) 3.5-3.8 2.2-4.8 3.8-15.4 7.0 2.2-15.4 Rate of compensation increase (%) 1.9-3.0 3.0-4.0 1.9-12.5 5.0 1.9-12.5 Rate of price inflation (%) 1.9-2.2 1.2-3.5 3.0-11.5 3.0 1.2-11.5 Life expectations on retirement at age 65 (years) 21-22 23-24 13-17 13-24 |
Schedule of analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration | (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Other benefit plans December 31, 2023 2024 14 24 9 107 2025 13 22 9 103 2026 14 23 7 86 2027 16 22 7 30 2028 18 23 7 14 2029 81 7 79 13 Weighted average duration (years) 6.8 13.6 10.8 2.3 December 31, 2022 2023 14 29 7 94 2024 13 28 7 95 2025 14 26 7 85 2026 17 35 7 30 2027 15 31 7 16 2028 104 (7 ) 91 21 Weighted average duration (years) 7.5 13.2 11.5 2.5 |
Deferred tax assets and liabi_2
Deferred tax assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Deferred tax assets and liabilities | |
Schedule of deferred tax assets and liabilities | (€ million) December 31, 2023 December 31, 2022 Deferred tax liabilities before offsetting 8,461 9,315 Deferred tax assets available for offset (3,759 ) (4,221 ) Deferred tax liabilities 4,702 5,094 Deferred tax assets before offsetting (net of accumulated write-down provisions) 8,241 8,790 Deferred tax liabilities available for offset (3,759 ) (4,221 ) Deferred tax assets 4,482 4,569 |
Schedule of significant temporary differences to net deferred tax liabilities | The most significant temporary differences giving rise to net deferred tax assets and liabilities are disclosed below: (€ million) Carrying amount at December 31, 2023 Carrying amount at December 31, 2022 Deferred tax liabilities Accelerated tax depreciation 6,028 6,707 Derivative financial instruments 451 788 Difference between the fair value and the carrying amount of assets acquired 305 288 Site restoration and abandonment (tangible assets) 265 276 Leasing 150 162 Application of the weighted average cost method in evaluation of inventories 47 52 Other 1,215 1,042 8,461 9,315 Deferred tax assets, gross Carry-forward tax losses (5,677 ) (6,752 ) Site restoration and abandonment (provisions for contingencies) (1,802 ) (1,986 ) Timing differences on depreciation and amortization (1,567 ) (1,710 ) Impairment losses (1,517 ) (1,490 ) Accruals for impairment losses and provisions for contingencies (1,279 ) (1,246 ) Leasing (198 ) (182 ) Employee benefits (168 ) (161 ) Unrealized intercompany profits (57 ) (68 ) Derivative financial instruments (236 ) (60 ) Over/Under lifting (124 ) (59 ) Other (1,284 ) (1,246 ) (13,909 ) (14,960 ) Accumulated write-downs of deferred tax assets 5,668 6,170 Deferred tax assets, net (8,241 ) (8,790 ) |
Schedule of changes in deferred tax liabilities and assets | The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax liabilities before offsetting Deferred tax assets before offsetting, gross Accumulated write-downs of deferred tax assets Deferred tax assets before offsetting net of accumulated write-down provisions 2023 Carrying amount - beginning of the year 9,315 (14,960 ) 6,170 (8,790 ) Additions 654 (2,161 ) 639 (1,522 ) Deductions (1,099 ) 2,565 (861 ) 1,704 Changes with effect to OCI (69 ) 223 223 Currency translation differences (247 ) 213 (68 ) 145 Change in scope of consolidation 348 (183 ) 13 (170 ) Other changes (441 ) 394 (225 ) 169 Carrying amount - end of the year 8,461 (13,909 ) 5,668 (8,241 ) 2022 Carrying amount - beginning of the year 10,668 (17,150 ) 8,604 (8,546 ) Additions 1,176 (2,215 ) 464 (1,751 ) Deductions (1,351 ) 2,532 (2,409 ) 123 Changes with effect to OCI 382 (147 ) (147 ) Currency translation differences 611 (610 ) 165 (445 ) Change in scope of consolidation (1,951 ) 2,279 (549 ) 1,730 Other changes (220 ) 351 (105 ) 246 Carrying amount - end of the year 9,315 (14,960 ) 6,170 (8,790 ) |
Derivative financial instrume_2
Derivative financial instruments and hedge accounting (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Derivative financial instruments and hedge accounting | |
Schedule of derivative financial instruments | December 31, 2023 December 31, 2022 (€ million) Fair value asset Fair value liability Level of Fair value Fair value asset Fair value liability Level of Fair value Non-hedging derivatives Derivatives on exchange rate - Currency swap 70 168 2 110 132 2 - Interest currency swap 84 2 1 144 2 - Outright 3 12 2 70 252 114 288 Derivatives on interest rate - Interest rate swap 62 34 2 137 58 2 62 34 137 58 Derivatives on commodities - Over the counter 2,902 2,103 2 9,571 8,663 2 - Future 3,027 2,905 1 6,886 5,764 1 - Options 106 114 2 2 1 - Other 11 2 80 2 6,046 5,122 16,457 14,509 6,178 5,408 16,708 14,855 Cash flow hedge derivatives Derivatives on commodities - Over the counter 80 13 2 - Future 339 192 1 80 13 339 192 Derivatives on interest rate - Interest rate swap 6 1 21 2 6 21 86 13 360 192 Options - Other options 41 2 144 3 41 144 Gross amount 6,264 5,462 17,068 15,191 Offsetting (2,895 ) (2,895 ) (5,863 ) (5,863 ) Net amount 3,369 2,567 11,205 9,328 Of which: - current 3,323 2,414 11,076 9,042 - non-current 46 153 129 286 |
Schedule of hedging derivative instruments | December 31, 2023 December 31, 2022 (€ million) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Cash flow hedge derivatives Derivatives on commodity - Over the counter 310 147 6 83 (4 ) - Future (23 ) 1,350 (3,912 ) 275 - Other 9 310 124 6 1,433 (3,907 ) 275 Derivatives on interest rate - Interest rate swap 128 (19 ) 127 24 128 (19 ) 127 24 438 105 6 1,560 (3,883 ) 275 |
Schedule of breakdown of underlying asset or liability under cash flow hedge | December 31, 2023 December 31, 2022 (€ million) Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Cash flow hedge derivatives Commodity price risk - Planned sales (169 ) 56 (436 ) 4,059 (499 ) (4,666 ) (169 ) 56 (436 ) 4,059 (499 ) (4,666 ) Derivatives on interest rate - hedged flows (19 ) (6 ) (15 ) 16 (11 ) (19 ) (6 ) (15 ) 16 (11 ) (169 ) 50 (436 ) 4,044 (483 ) (4,677 ) |
Schedule of effects recognized in other operating profit (loss) | (€ million) 2023 2022 2021 Net income (loss) on cash flow hedging derivatives 6 275 (51 ) Net income (loss) on other derivatives 472 (2,011 ) 954 478 (1,736 ) 903 |
Schedule of effects recognized in finance income (loss) | (€ million) 2023 2022 2021 Derivatives on exchange rate (63 ) (70 ) (322 ) Derivatives on interest rate 2 81 16 Options 2 (61 ) 13 (306 ) |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Equity | |
Schedule of non-controlling interest | Net Profit Equity (€ million) 2023 2022 December 31, 2023 December 31, 2022 EniPower Group 86 54 406 373 Eni Plenitude Group 3 20 54 97 Others 1 89 74 460 471 |
Schedule of equity attributable to equity holders of Eni | (€ million) December 31, 2023 December 31, 2022 Share capital 4,005 4,005 Retained earnings 32,988 23,455 Cumulative currency translation differences 5,238 7,564 Other reserves and equity instruments: - Perpetual subordinated bonds 5,000 5,000 - Legal reserve 959 959 - Reserve for treasury shares 2,333 2,937 - Reserve for OCI on cash flow hedging derivatives net of tax effect 36 (342 ) - Reserve for OCI on defined benefit plans net of tax effect (88 ) (58 ) - Reserve for OCI on equity-accounted investments 98 46 - Reserve for OCI on other investments valued at fair value 98 53 - Reserve for convertible bond issue 79 - Other reserves 190 Treasury shares (2,333 ) (2,937 ) Profit for the year 4,771 13,887 53,184 54,759 |
Schedule of other comprehensive income reserves | Reserve for OCI on cash flow hedge derivatives Reserve for OCI on defined benefit plans Reserve for OCI on equity-accounted investments (*) Reserve for OCI on investments valued at fair value (€ million) Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Reserve as of December 31, 2022 (483 ) 141 (342 ) ( 20 ) (38 ) (58 ) 46 53 Changes of the year 105 (32 ) 73 (31 ) 10 (21 ) 52 45 Currency translation differences (43 ) 34 (9 ) Reversal to inventories adjustments (8 ) 3 (5 ) Reclassification to retained earnings Changes in scope of consolidation Reclassification adjustments 436 (126 ) 310 Reserve as of December 31, 2023 50 (14 ) 36 (94 ) 6 (88 ) 98 98 Reserve as of December 31, 2021 (1,269 ) 373 (896 ) (84 ) (33 ) (117 ) 54 141 Changes of the year (3,883 ) 1,133 (2,750 ) 60 (5 ) 55 92 56 Currency translation differences 1 1 Reversal to inventories adjustments (8 ) 2 (6 ) Reclassification to retained earnings (144 ) Changes in scope of consolidation 3 3 1 Reclassification adjustments 4,677 (1,367 ) 3,310 (101 ) Reserve as of December 31, 2022 (483 ) 141 (342 ) (20 ) (38 ) (58 ) 46 53 |
Schedule of reconciliation of net profit and equity attributable to Eni of the parent company Eni SpA to consolidated net profit and equity attributable to Eni | Profit Shareholders’ equity (€ million) 2023 2022 December 31, 2023 December 31, 2022 As recorded in Eni SpA's Financial Statements 3,272 5,403 51,019 52,520 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company 3,202 7,375 (814 ) (1,302 ) Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity 153 153 - adjustments to comply with Group accounting policies (2,266 ) 797 3,774 4,468 - elimination of unrealized intercompany profits 86 124 (437 ) (533 ) - deferred taxation 566 262 (51 ) (76 ) 4,860 13,961 53,644 55,230 Non-controlling interest (89 ) (74 ) (460 ) (471 ) As recorded in Consolidated Financial Statements 4,771 13,887 53,184 54,759 |
Other information (Tables)
Other information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Other information | |
Schedule of other information | (€ million) 2023 2022 2021 Investment in consolidated subsidiaries and businesses Current assets 408 147 262 Non-current assets 1,985 1,981 1,124 Net borrowings (91 ) (541 ) (486 ) Current and non-current liabilities (622 ) (366 ) (349 ) Net effect of investments 1,680 1,221 551 Goodwill 25 482 1,574 Fair value of investments held before the acquisition of control (271 ) (21 ) (99 ) Non-controlling interests (2 ) (15 ) (4 ) Purchase price 1,432 1,667 2,022 less: Cash and cash equivalents acquired (155 ) (31 ) (121 ) Consolidated subsidiaries and businesses net of cash and cash equivalent acquired 1,277 1,636 1,901 Disposal of consolidated subsidiaries and businesses Current assets 130 1,377 2 Non-current assets 153 8,618 Net borrowings 180 (2,085 ) Current and non-current liabilities (124 ) (2,351 ) Net effect of disposals 339 5,559 2 Current value of the stake held for business combinations (580 ) (5,726 ) Reclassification among other items of OCI (7 ) (918 ) Gain on disposal of business combinations 427 2,704 Fair value of share capital held after the sale of control 414 Credits for divestments (173 ) (1,609 ) Selling price 420 10 2 less: Cash and cash equivalents sold (25 ) (70 ) Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination 395 (60 ) 2 Business combination Unión Fenosa Gas Investment in Unión Fenosa Gas sold 232 less: Investments and businesses acquired Current assets 370 Non-current assets 378 Net borrowings (128 ) Long-term and short-term liabilities (420 ) Total investments and businesses acquired 200 Total net disposals 32 less: Cash and cash equivalents acquired 42 Business combination Unión Fenosa Gas net of cash and cash equivalent acquired 74 Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of 395 (60 ) 76 |
Schedule of purchase price allocation of net assets acquired in business combination | (€ million) Energía Eólica Boreas SLU (Provisional allocation) Energía Eólica Boreas SLU (Definitive allocation) PLT (PLT Energia Srl e SEF Srl) (Provisional allocation) PLT (PLT Energia Srl e SEF Srl) (Definitive allocation) Current assets 1 1 145 145 Property, plant and equipment 100 100 532 532 Goodwill 18 16 412 390 Other non-current assets 157 160 288 337 Cash and cash equivalent (Net borrowings) (59 ) (59 ) (390 ) (390 ) Current and non-current liabilities (114 ) (115 ) (237 ) (264 ) Net effects of investments 103 103 750 750 Advances paid in 2021 (16 ) (16 ) Total purchase price 87 87 750 750 |
Guarantees, commitments and r_2
Guarantees, commitments and risks (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Guarantees, commitments and risks | |
Schedule of guarantees | (€ million) December 31, 2023 December 31, 2022 Consolidated subsidiaries 7,772 7,082 Unconsolidated subsidiaries 196 202 Joint ventures and associates 9,294 9,802 Others 398 477 17,660 17,563 |
Schedule of commitments and risks | (€ million) December 31, 2023 December 31, 2022 Commitments 79,513 77,481 Risks 1,140 1,228 80,653 78,709 |
Schedule of expected payments for finance debts and lease liabilities | Maturity year (€ million) 2024 2025 2026 2027 2028 2029 Total December 31, 2023 Non-current financial liabilities (including the current portion) 3,340 2,689 3,219 2,611 5,520 7,780 25,159 Current financial liabilities 4,092 4,092 Lease liabilities 1,120 691 476 399 364 2,270 5,320 Fair value of derivative instruments 2,414 21 40 5 37 50 2,567 10,966 3,401 3,735 3,015 5,921 10,100 37,138 Interest on finance debt 738 676 572 496 389 804 3,675 Interest on lease liabilities 269 221 188 167 148 668 1,661 1,007 897 760 663 537 1,472 5,336 Financial guarantees 1,114 1,114 Maturity year (€ million) 2023 2024 2025 2026 2027 2028 Total December 31, 2022 Non-current financial liabilities (including the current portion) 2,883 2,339 2,640 3,298 1,927 9,246 22,333 Current financial liabilities 4,446 4,446 Lease liabilities 851 584 445 365 347 2,312 4,904 Fair value of derivative instruments 9,042 1 51 54 180 9,328 17,222 2,924 3,136 3,717 2,274 11,738 41,011 Interest on finance debt 590 494 459 365 284 716 2,908 Interest on lease liabilities 235 209 184 165 147 685 1,625 825 703 643 530 431 1,401 4,533 Financial guarantees 1,668 1,668 |
Schedule of trade and other payables by maturity | Maturity year (€ million) 2024 2025 2028 2029 Total December 31, 2023 Trade payables 14,231 14,231 Other payables and advances 6,423 50 104 6,577 20,654 50 104 20,808 Maturity year (€ million) 2023 2024 2027 2028 Total December 31, 2022 Trade payables 19,527 19,527 Other payables and advances 6,182 77 110 6,369 25,709 77 110 25,896 |
Schedule of principal contractual obligations | Maturity year (€ million) 2024 2025 2026 2027 2028 2029 Total Decommissioning liabilities (a) 679 497 468 482 968 10,912 14,006 Environmental liabilities 646 495 399 368 305 1,406 3,619 Purchase obligations (b) 21,032 18,024 17,887 14,800 12,519 66,415 150,677 - Gas . take-or-pay contracts 17,904 17,286 17,358 14,463 12,330 65,919 145,260 . ship-or-pay contracts 750 540 475 327 186 469 2,747 - Other purchase obligations 2,378 198 54 10 3 27 2,670 Other obligations 4 14 2 20 - Memorandum of intent - Val d’Agri 4 14 2 20 Total (c) 22,361 19,030 18,756 15,650 13,792 78,733 168,322 (a) Represents the estimated future costs for the decommissioning of oil and natural gas production facilities at the end of the producing lives of fields, well-plugging, abandonment and site restoration. (b) Represents any agreement to purchase goods or services that is enforceable and legally binding and that specifies all significant terms. The take-or-pay contracts wit Gazprom are disclosed in "Other commitments and risks" section. (c) Expected payments under contractual obligations comprises obligations of the subsidiaries held for sale for €552 million. |
Schedule of committed projects | Maturity year (€ million) 2024 2025 2026 2027 2028 Total Committed projects 7,655 7,023 3,562 2,075 7,048 27,363 |
Schedule of carrying amount of financial instruments and relevant economic and equity effect | 2023 2022 Carrying amount Income (expense) recognized in Carrying amount Income (expense) recognized in (€ million) Profit and loss account OCI Profit and loss account OCI Financial instruments at fair value with effects recognized in profit and loss account Financial assets at fair value through profit or loss (a) 6,782 284 8,251 (55 ) Non-hedging and trading derivatives (b) 837 417 2,006 (1,723 ) Other investments valued at fair value (c) 1,256 255 45 1,202 351 56 Receivables and payables and other assets/liabilities valued at amortized cost Trade receivables and other (d) 17,054 (285 ) 21,396 31 Financing receivables (e) 3,163 141 3,415 (16 ) Securities (a) 61 1 56 Trade payables and other (a) 20,808 69 25,897 53 Financing payables (f) 28,729 (734 ) 26,917 (692 ) Net assets (liabilities) for hedging derivatives (g) (35 ) (442 ) 541 (129 ) (4,677 ) 794 (a) Income or expense were recognized in the profit and loss account within "Finance income (expense)". (b) In the profit and loss account, economic effects were recognized as income within "Other operating income (loss)" for €478 million (loss for €1,736 million in 2022 2022 (c) Income or expense were recognized in the profit and loss account within "Income (expense) from investments - Dividends". (d) Income or expense were recognized in the profit and loss account as net impairments within "Net (impairments) reversals of trade and other receivables" for €249 million (net reversals for €47 million in 2022 €36 million (expense for €16 million in 2022 2022 (e) In the profit and loss account, income or expense were recognized as income within "Finance income (expense)", including interest income calculated on the basis of the effective interest rate of €144 million (interest income for €86 million in 2022 2022 (f) In the profit and loss account, income or expense were recognized within "Finance income (expense)", including interest expense calculated on the basis of the effective interest rate of €743 million (interest expense for €568 million in 2022 (g) In the profit and loss account, income or expense were recognized within "Sales from operations" and "Purchase, services and other". |
Schedule of disclosures about offsetting of financial instruments | (€ million) Gross amount of financial assets and liabilities Gross amount of financial assets and liabilities subject to offsetting Net amount of financial assets and liabilities December 31, 2023 Financial assets Trade and other receivables 19,936 3,385 16,551 Other current assets 8,525 2,888 5,637 Other non-current assets 3,400 7 3,393 Financial liabilities Trade and other liabilities 24,039 3,385 20,654 Other current liabilities 8,467 2,888 5,579 Other non-current liabilities 4,103 7 4,096 December 31, 2022 Financial assets Trade and other receivables 23,546 2,706 20,840 Other current assets 18,684 5,863 12,821 Other non-current assets 2,236 2,236 Financial liabilities Trade and other liabilities 28,415 2,706 25,709 Other current liabilities 18,336 5,863 12,473 Other non-current liabilities 3,234 3,234 |
Interest rate risk and currency risk | |
Guarantees, commitments and risks | |
Schedule of market risk | (Value at risk - parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2023 2022 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 7.26 0.90 2.30 1.32 9.05 2.61 5.19 3.22 Exchange rate (a) 0.62 0.04 0.21 0.33 0.95 0.09 0.29 0.34 a) Value at risk deriving from interest and exchange rates exposures include the following finance departments: Corporate Finance Department, Finance International SA (incorporated in as of D 2023) and SA. |
Commodity price risk | |
Guarantees, commitments and risks | |
Schedule of market risk | 2023 2022 (€ million) High Low Average At year end High Low Average At year end Commercial exposures - Management Portfolio (a) 257.89 6.38 55.35 6.71 800.39 30.65 261.41 30.65 Trading (b) 1.53 0.05 0.43 0.21 1.63 0.01 0.36 0.04 (a) Refers to Global Gas & LNG Portfolio business area, Power Generation & Marketing, EE-REVT, Plenitude, Eni Trading & Biofuels, Eni Global Energy Markets (commercial portfolio). VaR is calculated on the so-called Statutory view, with a time horizon that coincides with the year considering all the volumes delivered in the year and the relevant financial hedging derivatives. Consequently, during the year the VaR pertaining to GGP, Power G&M, EE-REVT and Plenitude during the year presents a decreasing trend following the progressive reaching of the maturity of the positions within the annual horizon. (b) Cross-commodity proprietary trading, through financial instruments, refers to Trading & and Global Energy Markets (London- -Singapore) and Trading & Shipping (Houston). |
Strategic liquidity risk | |
Guarantees, commitments and risks | |
Schedule of market risk | 2023 2022 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity - € Portfolio (a) 0.22 0.13 0.18 0.19 0.30 0.16 0.23 0.16 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity - Dollar value of 1 2023 2022 ($ million) High Low Average At year end High Low Average At year end Strategic liquidity - US dollar Portfolio (b) 0.12 0.04 0.08 0.11 0.13 0.04 0.08 0.04 (a) Management of strategic liquidity portfolio in US dollar currency starting from August 2017. |
Revenues and other income (Tabl
Revenues and other income (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Revenues and other income | |
Schedule of information about sales from operations | (€ million) Exploration & Production Global Gas & LNG Portfolio Enilive, Refining and Chemicals Plenitude & Power Corporate and Other activities Total 2023 Sales from operations 10,843 16,910 52,165 13,598 201 93,717 Products sales and service revenues Sales of crude oil 3,632 22,053 25,685 Sales of oil products 1,081 24,427 25,508 Sales of natural gas and LNG 5,858 16,638 23 4,431 26,950 Sales of petrochemical products 4,385 4,385 Sales of power 7,252 7,252 Sales of other products 44 23 333 106 3 509 Services 228 249 944 1,809 198 3,428 Products sales and service revenues 10,843 16,910 52,165 13,598 201 93,717 Transfer of goods/services Goods/Services transferred in a specific moment 10,526 16,825 51,892 13,598 64 92,905 Goods/Services transferred over a period of time 317 85 273 137 812 2022 Sales from operations 12,889 41,230 58,470 19,726 197 132,512 Products sales and service revenues Sales of crude oil 5,438 20,839 26,277 Sales of oil products 1,070 29,700 30,770 Sales of natural gas and LNG 6,108 40,840 65 5,571 52,584 Sales of petrochemical products 6,241 3 6,244 Sales of power 12,448 12,448 Sales of other products 68 411 223 2 704 Services 205 390 1,214 1,484 192 3,485 Products sales and service revenues 12,889 41,230 58,470 19,726 197 132,512 Transfer of goods/services Goods/Services transferred in a specific moment 12,585 41,047 58,145 19,599 65 131,441 Goods/Services transferred over a period of time 304 183 325 127 132 1,071 2021 Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Products sales and service revenues Sales of crude oil 3,573 14,710 18,283 Sales of oil products 885 18,739 19,624 Sales of natural gas and LNG 4,122 16,608 34 3,245 24,009 Sales of petrochemical products 5,652 7 5,659 Sales of power 5,104 5,104 Sales of other products 40 6 132 212 1 391 Services 226 359 784 1,956 180 3,505 8,846 16,973 40,051 10,517 188 76,575 Transfer of goods/services Goods/Services transferred in a specific moment 8,506 16,823 39,836 10,517 72 75,754 Goods/Services transferred over a period of time 340 150 215 116 821 |
Schedule of revenue associated with liabilities and performance obligations | (€ million) 2023 2022 2021 Revenues associated with contract liabilities at the beginning of the period 642 157 658 Revenues associated with performance obligations totally or partially satisfied in previous years 1,087 1 30 |
Schedule of information about other income and revenues | (€ million) 2023 2022 2021 Gains from sale of assets and businesses 27 48 107 Other proceeds 1,072 1,127 1,089 1,099 1,175 1,196 |
Costs (Tables)
Costs (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Costs | |
Schedule of information about purchase, services and other charges | (€ million) 2023 2022 2021 Production costs - raw, ancillary and consumable materials and goods 58,170 85,139 41,174 Production costs - services 11,512 10,303 10,646 Lease expense and other 1,432 2,301 1,233 Net provisions for contingencies 1,369 2,985 707 Other expenses 1,746 2,069 1,983 74,229 102,797 55,743 less: - capitalized direct costs associated with self-constructed assets - tangible assets (367 ) (246 ) (185 ) - capitalized direct costs associated with self-constructed assets - intangible assets (26 ) (22 ) (9 ) 73,836 102,529 55,549 |
Schedule of information about payroll and related costs | (€ million) 2023 2022 2021 Wages and salaries 2,427 2,311 2,182 Social security contributions 497 465 455 Cost related to employee benefit plans 156 174 165 Other costs 196 194 204 3,276 3,144 3,006 less: - capitalized direct costs associated with self-constructed assets - tangible assets (131 ) (120 ) (111 ) - capitalized direct costs associated with self-constructed assets - intangible assets (9 ) (9 ) (7 ) 3,136 3,015 2,888 |
Schedule of information about average number of employees | 2023 2022 2021 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 944 19 957 19 966 18 Junior managers 9,157 84 9,084 80 9,143 78 Employees 15,810 420 15,517 420 15,747 380 Workers 5,937 294 6,074 288 5,476 284 31,848 817 31,632 807 31,332 760 |
Schedule of information about compensation of key management personnel | (€ million) 2023 2022 2021 Wages and salaries 35 37 29 Post-employment benefits 3 3 3 Other long-term benefits 19 17 15 Indemnities upon termination of employment 9 57 66 47 |
Finance income (expense) (Table
Finance income (expense) (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Finance income (expense) | |
Schedule of finance income (expense) | (€ million) 2023 2022 2021 Finance income 7,417 8,450 3,723 Finance expense (8,113 ) (9,333 ) (4,216 ) Net finance income (expense) from financial assets at fair value through profit or loss 284 (55 ) 11 Income (expense) from derivative financial instruments (61 ) 13 (306 ) Finance income (expense) (473 ) (925 ) (788 ) |
Schedule of analysis of finance income (expense) | (€ million) 2023 2022 2021 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (667 ) (507 ) (475 ) Net finance income (expense) on financial assets held for trading 250 (53 ) 11 Net expenses on other financial assets valued at fair value with effects on profit and loss 34 (2 ) Interest and other expense due to banks and other financial institutions (207 ) (128 ) (94 ) Interest on lease liabilities (267 ) (315 ) (304 ) Interest from banks 356 57 4 Interest and other income on financial receivables and securities held for non-operating purposes 14 9 9 (487 ) (939 ) (849 ) Exchange differences 255 238 476 Income (expense) from derivative financial instruments (61 ) 13 (306 ) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 153 128 67 Capitalized finance expense 94 38 68 Finance expense due to the passage of time (accretion discount) (a) (341 ) (199 ) (144 ) Other finance income (expense) (86 ) (204 ) (100 ) (180 ) (237 ) (109 ) (473 ) (925 ) (788 ) |
Income (expense) from investm_2
Income (expense) from investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income (expense) from investments | |
Schedule of other gain (loss) from investments | Other gain (loss) from investments (€ million) 2023 2022 2021 Dividends 255 351 230 Net gain (loss) on disposals 430 483 1 Other net income (expense) 423 2,789 (8 ) 1,108 3,623 223 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income taxes | |
Schedule of information about income taxes | (€ million) 2023 2022 2021 Current taxes: - Italian subsidiaries 97 1,920 439 - subsidiaries of the Exploration & Production segment - outside Italy 5,349 7,027 3,609 - other subsidiaries - outside Italy 185 944 157 5,631 9,891 4,205 Net deferred taxes: - Italian subsidiaries (137 ) (2,191 ) (45 ) - subsidiaries of the Exploration & Production segment - outside Italy (22 ) 713 552 - other subsidiaries - outside Italy (104 ) (325 ) 133 (263 ) (1,803 ) 640 5,368 8,088 4,845 |
Schedule of detailed information about the reconciliation between the statutory tax charge and the effective tax charge | (€ million) 2023 2022 2021 Profit (loss) before taxation 10,228 22,049 10,685 Tax rate (IRES) (%) 24.0 24.0 24.0 Statutory corporation tax charge (credit) on profit or loss 2,455 5,292 2,564 Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 3,036 3,388 2,301 - extraordinary contribution effect for companies in energy sector 1,971 - impact pursuant to foreign tax effects of italian entities 66 108 - effect of the valuation of the investments under the equity method (26 ) 50 180 - effect due to the tax regime provided for intercompany dividends 7 11 54 - Italian regional income tax (IRAP) 91 (18 ) 140 - tax effects related to previous years 48 (19 ) 52 - effect of reversals (impairments) of deferred tax assets (96 ) (241 ) - impact pursuant to (reversal) impairment of deferred tax assets (221 ) (2,087 ) (666 ) - other adjustments 74 (325 ) 112 2,913 2,796 2,281 Effective tax charge 5,368 8,088 4,845 |
Earnings (loss) per share (Tabl
Earnings (loss) per share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings (loss) per share | |
Schedule of information about reconciliation of the weighted average number of shares | 2023 2022 2021 Weighted average number of shares used for basic earnings (loss) per share 3,303,766,512 3,483,633,816 3,565,973,883 Potential shares to be issued for ILT incentive plan 6,352,583 6,319,989 7,598,593 Potential shares to be issued for Sustainability-linked bond 17,014,702 Weighted average number of shares used for diluted earnings (loss) per share 3,327,133,797 3,489,953,805 3,573,572,476 Eni’s profit (loss) (€ million) 4,771 13,887 5,821 Remuneration of subordinated perpetual bonds net of tax effect (€ million) (109 ) (109 ) (95 ) Remuneration of Sustainability-linked bond net of tax effect (€ million) 9 Eni’s profit (loss) for basic and diluted earnings (loss) per share (€ million) 4,671 13,778 5,726 Basic earnings (loss) per share (€ per share) 1.41 3.96 1.61 Diluted earnings (loss) per share (€ per share) 1.40 3.95 1.60 |
Segment information and infor_2
Segment information and information by geographical area (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Segment information and information by geographical area | |
Schedule of information by segment | (€ million) Exploration Global Gas & LNG Portfolio Enilive, Refining Plenitude & Power Corporate and Other activities Adjustments of intragroup profits Total 2023 Sales from operations including intersegment sales 23,903 20,139 52,558 14,256 1,972 Less: intersegment sales (13,060 ) (3,229 ) (393 ) (658 ) (1,771 ) Sales from operations 10,843 16,910 52,165 13,598 201 93,717 Operating profit 8,549 2,431 (1,397 ) (464 ) (943 ) 81 8,257 Net provisions for contingencies (347 ) (205 ) (392 ) (74 ) (339 ) (12 ) (1,369 ) Depreciation and amortization (6,148 ) (233 ) (524) (466 ) (142 ) 34 (7,479 ) Impairments of tangible and intangible assets and right-of-use assets (1,413 ) (3 ) (770 ) (18 ) (58 ) (2,262 ) Reversals of tangible and intangible assets and right-of-use assets 376 4 6 48 26 460 Write-off of tangible and intangible assets (531 ) (5 ) 1 (535 ) Share of profit (loss) of equity-accounted investments 1,009 49 343 (55 ) (10 ) 1,336 Identifiable assets (a) 62,180 6,381 15,530 13,999 1,952 (378 ) 99,664 Unallocated assets (b) 42,942 Equity-accounted investments 6,773 531 3,582 667 1,077 12,630 Identifiable liabilities (a) 18,020 5,997 10,200 6,076 4,629 (56 ) 44,866 Unallocated liabilities (b) 44,096 Capital expenditure in tangible and intangible assets 7,133 16 982 740 363 (19 ) 9,215 2022 Sales from operations including intersegment sales 31,194 48,586 59,178 20,883 1,886 Less: intersegment sales (18,305 ) (7,356 ) (708 ) (1,157 ) (1,689 ) Sales from operations 12,889 41,230 58,470 19,726 197 132,512 Operating profit 15,963 3,730 460 (825 ) (1,956 ) 138 17,510 Net provisions for contingencies (147 ) (393 ) (1,110 ) (14 ) (1,340 ) 19 (2,985 ) Depreciation and amortization (6,017 ) (217 ) (506 ) (358 ) (140 ) 33 (7,205 ) Impairments of tangible and intangible assets and right-of-use assets (613 ) (6 ) (752 ) (125 ) (71 ) (1,567 ) Reversals of tangible and intangible assets and right-of-use assets 181 18 35 162 31 427 Write-off of tangible and intangible assets (596 ) (1 ) (2 ) (599 ) Share of profit (loss) of equity-accounted investments 1,526 4 446 (20 ) (115 ) 1,841 Identifiable assets (a) 60,298 12,282 14,925 11,987 1,666 (472 ) 100,686 Unallocated assets (b) 51,444 Equity-accounted investments 7,314 1 3,084 663 1,030 12,092 Identifiable liabilities (a) 17,339 12,572 9,011 4,787 4,462 (68 ) 48,103 Unallocated liabilities (b) 48,797 Capital expenditure in tangible and intangible assets 6,252 23 878 631 276 (4 ) 8,056 2021 Sales from operations including intersegment sales 21,742 20,843 40,374 11,187 1,698 Less: intersegment sales (12,896 ) (3,870 ) (323 ) (670 ) (1,510 ) Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Operating profit 10,113 899 45 2,355 (863 ) (208 ) 12,341 Net provisions for contingencies (221 ) (139 ) (137 ) (1 ) (186 ) (23 ) (707 ) Depreciation and amortization (5,976 ) (174 ) (512 ) (286 ) (148 ) 33 (7,063 ) Impairments of tangible and intangible assets and right-of-use assets (194 ) (28 ) (1,342 ) (132 ) (27 ) (1,723 ) Reversals of tangible and intangible assets 1,438 2 112 4 1,556 Write-off of tangible and intangible assets (375 ) (2 ) (1 ) (9 ) (387) Share of profit (loss) of equity-accounted investments 8 (333 ) (766 ) (1,091) Identifiable assets (a) 61,699 10,022 13,326 8,343 1,493 (591 ) 94,292 Unallocated assets (b) 43,473 Equity-accounted investments 2,639 17 2,366 667 198 5,887 Identifiable liabilities (a) 17,024 10,072 6,796 3,786 3,360 (49 ) 40,989 Unallocated liabilities (b) 52,257 Capital expenditure in tangible and intangible assets 3,824 19 728 443 224 (4 ) 5,234 (a) Include assets/liabilities directly associated with the generation of operating profit (b) Include assets/liabilities not directly associated with the generation of operating profit |
Schedule of information by geographical area | (€ million) Italy Other European Union Rest of Europe Americas Asia Africa Other areas Total 2023 Identifiable assets (a) 30,026 6,962 5,124 7,658 17,855 30,928 1,111 99,664 Capital expenditure in tangible and intangible assets 2,006 485 235 609 1,471 4,105 304 9,215 2022 Identifiable assets (a) 29,195 7,689 6,564 8,892 18,653 28,167 1,526 100,686 Capital expenditure in tangible and intangible assets 1,475 415 205 1,266 1,390 3,163 142 8,056 2021 Identifiable assets (a) 23,718 6,902 6,114 5,718 17,483 33,499 858 94,292 Capital expenditure in tangible and intangible assets 1,333 199 202 659 1,203 1,604 34 5,234 ( a) Include assets directly associated with the generation of operating profit. |
Schedule of sales from operations by geography | (€ million) 2023 2022 2021 Italy 33,450 60,090 29,968 Other European Union 18,271 25,413 14,671 Rest of Europe 18,476 21,748 12,470 Americas 7,004 6,929 4,420 Asia 7,404 9,062 7,891 Africa 9,057 9,191 7,040 Other areas 55 79 115 93,717 132,512 76,575 |
Transactions with related par_2
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of transactions and balances with related parties | (€ million) December 31, 2023 2023 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 1 194 308 Cardón IV SA 24 142 4 1 Coral FLNG SA 4 1,327 6 Azule Group 113 475 3,156 86 2,146 Saipem Group 5 235 9 6 768 SeaCorridor Group 29 29 1 357 Vårgrønn Group 1,321 Karachaganak Petroleum Operating BV 17 250 1,183 Mellitah Oil & Gas BV 49 20 16 517 Petrobel Belayim Petroleum Co 58 885 870 Società Oleodotti Meridionali SpA 11 473 19 12 Société Centrale Electrique du Congo SA 74 79 Vår Energi ASA 51 764 2,013 58 4,487 (165 ) Other (*) 62 73 19 83 203 498 3,540 7,845 358 10,852 (165 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 183 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 152 4 1 12 Other 13 10 12 13 30 165 14 196 25 30 663 3,554 8,041 383 10,882 (165 ) Entities controlled by the Government Cassa Depositi e Prestiti Group 5 33 2 69 Enel Group 95 168 93 497 (109 ) Italgas Group 1 149 8 (20 ) Snam Group 245 352 1,157 1,625 Terna Group 85 61 400 317 8 GSE - Gestore Servizi Energetici 230 219 2,104 1,875 283 ITA Airways - Italia Trasporto Aereo SpA 5 238 Other (*) 11 68 52 38 677 1,050 4,054 4,401 182 Other related parties 1 2 1 36 Groupement Sonatrach – Eni «GSE» 222 212 40 569 1,563 4,818 8,041 4,478 15,888 17 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2022 2022 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 17 71 224 Angola LNG Ltd 79 Coral FLNG SA 10 1,378 12 Azule Group 320 517 3,268 46 1,152 Saipem Group 3 195 9 9 452 Vårgrønn Group 1,259 Karachaganak Petroleum Operating BV 27 251 1,347 Mellitah Oil & Gas BV 58 144 9 234 Petrobel Belayim Petroleum Co 33 595 944 Société Centrale Electrique du Congo SA 47 74 Società Oleodotti Meridionali SpA 6 433 16 14 Vår Energi ASA 58 722 2,378 84 4,085 (597 ) Other (*) 127 76 9 167 338 706 3,004 8,301 417 8,869 (597 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 190 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 139 4 1 15 Other 8 10 11 7 15 147 14 202 22 15 853 3,018 8,503 439 8,884 (597 ) Entities controlled by the Government Cassa Depositi e Prestiti Group 2 47 3 86 Enel Group 438 264 97 275 484 Italgas Group 218 8 84 Snam Group 763 25 1,767 873 Terna Group 119 159 612 701 (18 ) GSE - Gestore Servizi Energetici 207 225 7,786 4,039 3,437 ITA Airways - Italia Trasporto Aereo SpA 3 179 Other 12 35 27 33 1,762 763 10,555 6,007 3,903 Other related parties 2 1 39 Groupement Sonatrach – Eni «GSE» 179 114 33 417 2,794 3,897 8,503 11,028 15,347 3,306 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2021 2021 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 13 57 189 Angola LNG Ltd 73 Angola LNG Supply Services Llc 179 Coral FLNG SA 17 1,260 43 Saipem Group 4 134 9 28 174 Karachaganak Petroleum Operating BV 24 213 989 Mellitah Oil & Gas BV 65 290 3 263 Petrobel Belayim Petroleum Co 24 391 2 651 Société Centrale Electrique du Congo SA 50 66 Societa' Oleodotti Meridionali SpA 6 396 18 12 Vår Energi AS 62 526 495 104 2,224 (409 ) Other (*) 137 53 2 95 234 402 2,060 1,945 359 4,809 (409 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 179 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 124 1 1 13 Other 10 5 10 8 10 134 6 190 21 10 536 2,066 2,135 380 4,819 (409 ) Entities controlled by the Government Enel Group 583 461 41 417 373 Italgas Group 1 49 3 560 Snam Group 160 152 159 1,013 1 Terna Group 51 85 203 309 4 GSE - Gestore Servizi Energetici 311 125 2,216 1,238 766 Other (*) 10 33 20 60 1,116 905 2,642 3,597 1,144 Other related parties 2 33 Groupement Sonatrach – Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 170 79 30 222 1,822 3,052 2,135 3,052 8,671 735 (*) Each individual amount included herein was lower than €50 million. |
Schedule of financing transactions and balances with related parties | (€ million) December 31, 2023 2023 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes and derivative financial instruments Finance Expenses Other Gain (loss) from Investments Joint ventures and associates Coral FLNG SA 453 15 Coral South FLNG DMCC 1,448 Saipem Group 56 8 Mozambique Rovuma Venture SpA 1,339 170 101 Other 49 13 1 39 14 1 1,841 239 1,449 155 22 1 Unconsolidated entities controlled by Eni Other 7 38 1 1 7 38 1 1 Entities controlled by the Government Cassa Depositi e Prestiti Group 56 2 Snam Group 443 Other 14 2 3 1 14 58 5 444 1,862 335 1,449 156 28 445 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2022 2022 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes and derivative financial instruments Finance Expenses Gain on disposals Joint ventures and associates Coral FLNG SA 356 140 Coral South FLNG DMCC 1,499 1 1 Mozambique Rovuma Venture SpA 1,187 57 48 5 Saipem Group 100 16 3 Other (*) 96 28 2 91 10 1,639 185 1,501 156 159 Unconsolidated entities controlled by Eni Other 8 31 5 4 8 31 5 4 Entities controlled by the Government Enel Group 176 Italgas Group 30 Other 10 40 1 1 10 216 1 1 30 1,657 432 1,501 162 164 30 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2021 2021 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes Finance Expenses Joint ventures and associates Cardón IV SA 199 2 37 Coral FLNG SA 383 4 1 Coral South FLNG DMCC 1,413 2 Mozambique Rovuma Venture SpA 1,008 72 Other (*) 70 43 35 43 1,660 117 1,413 78 44 Unconsolidated entities controlled by Eni Other 38 34 1 1 38 34 1 1 Entities controlled by the Government Enel Group 109 Other 2 17 1 2 126 1 1,700 277 1,413 79 46 (*) Each individual amount included herein was lower than €50 million. |
Schedule of impact of transactions and positions with related parties on balance sheet | (€ million) December 31, 2023 December 31, 2022 Total Related parties Impact % Total Related parties Impact % Cash and cash equivalents 10,193 3 0.03 10,155 10 0.10 Other current financial assets 896 19 2.12 1,504 16 1.06 Trade and other receivables 16,551 1,363 8.24 20,840 2,427 11.65 Other current assets 5,637 32 0.57 12,821 341 2.66 Other non-current financial assets 2,301 1,840 79.97 1,967 1,631 82.92 Other non-current assets 3,393 168 4.95 2,236 26 1.16 Short-term debt 4,092 222 5.43 4,446 307 6.91 Current portion of long-term debt 2,921 21 0.72 3,097 36 1.16 Current portion of non-current lease liabilities 1,128 21 1.86 884 35 3.96 Trade and other payables 20,654 4,245 20.55 25,709 3,203 12.46 Other current liabilities 5,579 62 1.11 12,473 232 1.86 Long-term debt 21,716 65 0.30 19,374 26 0.13 Non-current lease liabilities 4,208 6 0.14 4,067 28 0.69 Other non-current liabilities 4,096 511 12.48 3,234 462 14.29 |
Schedule of impact of transactions with related parties on the profit and loss accounts | (€ million) 2023 2022 2021 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Sales from operations 93,717 4,322 4.61 132,512 10,872 8.20 76,575 3,000 3.92 Other income and revenues 1,099 156 14.19 1,175 156 13.28 1,196 52 4.35 Purchases, services and other (73,836 ) (15,885 ) 21.51 (102,529 ) (15,327 ) 14.95 (55,549 ) (8,644 ) 15.56 Net (impairments) reversals of trade and other receivables (249 ) 5 .. 47 (2 ) .. (279 ) (6 ) 2.15 Payroll and related costs (3,136 ) (8 ) 0.26 (3,015 ) (18 ) 0.60 (2,888 ) (21 ) 0.73 Other operating income (expense) 478 17 3.56 (1,736 ) 3,306 .. 903 735 81.40 Finance income 7,417 155 2.09 8,450 160 1.89 3,723 79 2.12 Finance expense (8,113 ) (28 ) 0.35 (9,333 ) (164 ) 1.76 (4,216 ) (46 ) 1.09 Derivative financial instruments (61 ) 1 .. 13 2 15.38 (306 ) Other income (expense) from investments 1,108 445 40.16 3,623 30 0.83 223 |
Schedule of main cash flows with related parties | (€ million) 2023 2022 2021 Revenues and other income 4,478 11,028 3,052 Costs and other expenses (13,539 ) (13,749 ) (7,814 ) Other operating income (loss) 17 3,306 735 Net change in trade and other receivables and payables 1,916 (431 ) (342 ) Net interests 117 69 38 Net cash provided from operating activities (7,011 ) 223 (4,331 ) Capital expenditure in tangible and intangible assets (2,349 ) (1,596 ) (851 ) Disposal of investments 440 165 Net change in accounts payable and receivable in relation to investments 504 1,480 (20 ) Change in financial receivables (290 ) (81 ) (105 ) Net cash used in investing activities (1,695 ) (32 ) (976 ) Change in financial and lease liabilities (162 ) (88 ) (13 ) Net cash used in financing activities (162 ) (88 ) (13 ) Change in cash and cash equivalents (7 ) 8 2 Total financial flows to related parties (8,875 ) 111 (5,318 ) |
Schedule of impact of cash flows with related parties | (€ million) 2023 2022 2021 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Net cash provided from operating activities 15,119 (7,011 ) .. 17,460 223 1.28 12,861 (4,331 ) .. Net cash used in investing activities (9,365 ) (1,695 ) 18.10 (7,018 ) (32 ) 0.46 (12,022 ) (976 ) 8.12 Net cash used in financing activities (5,668 ) (162 ) 2.86 (8,542 ) (88 ) 1.03 (2,039 ) (13 ) 0.64 |
Other information about inves_2
Other information about investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about investments | |
Schedule of detailed information about parent company | PARENT COMPANY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 27.73 Ministero dell’Economia e delle Finanze 4.67 Eni SpA 4.65 Other shareholders 62.95 |
Schedule of subsidiaries | CORPORATE AND OTHER ACTIVITIES Corporate and financial companies Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. D-Share SpA Milan Italy EUR 121,719.25 AGI SpA 100.00 100.00 F.C. Eni Corporate University SpA San Donato Milanese (MI) Italy EUR 3,360,000 Eni SpA 100.00 100.00 F.C. Eni Energia Italia Srl San Donato Milanese (MI) Italy EUR 50,000 Eni SpA 100.00 Co. Eni Trading & Shipping SpA (in liquidation) Rome Italy EUR 334,171 Eni SpA 100.00 Co. EniProgetti SpA Venezia Marghera (VE) Italy EUR 2,064,000 Eni SpA 100.00 100.00 F.C. EniServizi SpA San Donato Milanese (MI) Italy EUR 13,427,419.08 Eni SpA 100.00 100.00 F.C. Eniverse Ventures Srl San Donato Milanese (MI) Italy EUR 1,550,000 Eni SpA 100.00 Co. Enivibes Srl Milan Italy EUR 3,552,632 Eniverse Third parties 76.00 24.00 Servizi Aerei SpA San Donato Milanese (MI) Italy EUR 48,205,536 Eni SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Banque Eni SA Bruxelles (Belgium) Belgium EUR 50,000,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni Finance USA Inc Dover (USA) USA USD 2,500,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Insurance DAC Dublin (Ireland) Ireland EUR 500,000,000 Eni SpA 100.00 100.00 F.C. Eni International BV Amsterdam (Netherlands) Netherlands EUR 641,683,425 Eni SpA 100.00 100.00 F.C. Eni International Resources Ltd London (United Kingdom) United Kingdom GBP 50,000 Eni SpA Eni UK Ltd 99.99 (..) 100.00 F.C. Eni Next Llc Dover (USA) USA USD 100 Eni Petroleum Co Inc 100.00 100.00 F.C. EniProgetti Egypt Ltd Cairo (Egypt) Egypt EGP 50,000 EniProgetti SpA 99.00 Eq. Eni SpA 1.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Other activities Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Rewind SpA San Donato Milanese (MI) Italy EUR 101,755,495.30 Eni SpA Third parties 99.99 (..) 100.00 F.C. Industria Siciliana Acido Fosforico - ISAF -SpA (in liquidation) Gela (CL) Italy EUR 1,300,000 Eni Rewind SpA 52.00 Eq. Third parties 48.00 Progetto Nuraghe Scarl Porto Torres (SS) Italy 10,000 Eni Rewind SpA 100.00 Eq. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Rewind International BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Oleodotto del Reno SA Coira (Switzerland) Switzerland CHF 1,550,000 Eni Rewind SpA 100.00 Eq. F-165 Table of Contents |
Schedule of detailed information about consolidated subsidiaries with significant non-controlling interest | 2023 2022 (€ million) EniPower Group EniPower Group Non controlling interest (%) 49.00 49.00 Current assets 374 547 Non-current assets 868 812 Current liabilities 389 587 Non-current liabilities 46 34 Revenues 1,251 1,636 Profit 169 171 Total comprehensive income 169 171 Net cash provided by operating activities 198 228 Net cash used in investing activities (126 ) (52 ) Net cash used in financing activities (3 ) (11 ) Net increase (decrease) in cash and cash equivalents (31 ) (192 ) Profit attributable to non-controlling interest 86 54 Dividends paid to minority interest 36 59 |
Schedule of detailed information about principal joint ventures, joint operations and associates | Company name Registered office Country of operation Segment % ownership % equity ratio Joint venture Azule Energy Holdings Ltd London (United Kingdom) United Kingdom Exploration & Production 50.00 50.00 Cardón IV SA Caracas (Venezuela) Venezuela Exploration & Production 50.00 50.00 Mozambique Rovuma Venture SpA San Donato Milanese (MI) (Italy) Mozambique Exploration & Production 35.71 35.71 Saipem SpA Milan (Italy) Italy Corporate and financial companies 31.19 31.20 SeaCorridor Srl San Donato Milanese (MI) (Italy) Italy Global Gas & LNG Portfolio 50.10 50.10 St. Bernard Renewables Llc Wilmington (USA) USA Enilive and Refining 50.00 50.00 Vårgrønn AS Stavanger (Norway) Norway Plenitude 65.00 65.00 Joint Operation Damietta LNG (DLNG) SAE Damietta (Egypt) Egypt Global Gas & LNG Portfolio 50.00 50.00 GreenStream BV Amsterdam (Netherlands) Libya Global Gas & LNG Portfolio 50.00 50.00 Raffineria di Milazzo ScpA Milazzo (ME) (Italy) Italy Enilive and Refining 50.00 50.00 Associates ADNOC Global Trading Ltd Abu Dhabi (United Arab Emirates) United Arab Emirates Enilive and Refining 20.00 20.00 Abu Dhabi Oil Refining Company (Takreer) Abu Dhabi (United Arab Emirates) United Arab Emirates Enilive and Refining 20.00 20.00 Coral FLNG SA Maputo (Mozambique) Mozambique Exploration & Production 25.00 25.00 QatarEnergy LNG NFE (5) (former Qatar Liquefied Gas Company Limited (9)) Doha (Qatar) Qatar Exploration & Production 25.00 25.00 Vår Energi ASA Sandnes (Norway) Norway Exploration & Production 63.04 63.04 |
Schedule of joint ventures | Main line items of profit and loss and balance sheet related to the joint ventures, represented by the amounts included in the reports accounted under IFRS of each company, are provided in the table below: 2023 (€ million) Azule Energy Holdings Ltd St. Bernard Renewables Llc Saipem SpA SeaCorridor Srl Other joint ventures Current assets 3,554 317 8,104 165 1,701 - of which cash and cash equivalent 546 65 2,136 104 551 Non-current assets 19,976 1,594 4,737 964 15,174 Total assets 23,530 1,911 12,841 1,129 16,875 Current liabilities 2,360 134 6,857 55 2,242 - of which current financial liabilities 97 85 Non-current liabilities 11,670 119 3,588 16 11,671 - of which non-current financial liabilities 4,239 119 2,599 1 10,140 Total liabilities 14,030 253 10,445 71 13,913 Net equity 9,500 1,658 2,396 1,058 2,962 Eni’s % of the investment 50.00 50.00 31.20 50.10 Book value of the investment 4,750 829 722 530 1,420 Revenues and other income 5,125 591 11,898 456 2,500 Operating expense (814 ) (598 ) (10,967 ) (42 ) (1,445 ) Other operating profit (loss) (45 ) (5 ) (2 ) Depreciation, amortization and impairments (2,560 ) (28 ) (489 ) (43 ) (556 ) Operating profit (loss) 1,751 (80 ) 437 371 497 Finance income (expense) (373 ) (4 ) (167 ) (3 ) (356 ) Income (expense) from investments 332 60 33 (23 ) Profit (loss) before income taxes 1,710 (84 ) 330 (401 ) 118 Income taxes (404 ) (145 ) (303 ) (122 ) Profit (loss) 1,306 (84 ) 185 98 (4 ) Other comprehensive income (loss) (295 ) (22 ) 59 (8 ) (105 ) Total other comprehensive income (loss) 1,011 (106 ) 244 90 (109 ) Profit (loss) attributable to Eni 653 (42 ) 56 49 (55 ) Dividends received from the joint venture 829 95 15 2022 (€ million) Azule Energy Holdings Ltd Saipem SpA Cardón IV SA Other joint ventures Current assets 3,869 7,627 425 741 - of which cash and cash equivalent 966 2,052 7 219 Non-current assets 21,281 4,770 1,812 13,639 Total assets 25,150 12,397 2,237 14,380 Current liabilities 2,635 6,932 431 1,764 - of which current financial liabilities 159 1,040 3 1,278 Non-current liabilities 12,369 3,352 940 10,740 - of which non-current financial liabilities 4,403 1,993 43 10,146 Total liabilities 15,004 10,284 1,371 12,504 Net equity 10,146 2,113 866 1,876 Eni’s % of the investment 50.00 31.20 50.00 Book value of the investment 5,073 645 433 915 Revenues and other income 2,422 9,991 942 526 Operating expense (956 ) (9,455 ) (679 ) (463 ) Other operating profit (loss) 7 25 Depreciation, amortization and impairments (1,099 ) (445 ) (127 ) (258 ) Operating profit (loss) 367 98 136 (170 ) Finance income (expense) (142 ) (195 ) (167 ) Income (expense) from investments 718 (65 ) (4) Profit (loss) before income taxes 943 ( 162 ) (136 ) (341 ) Income taxes (33 ) (153 ) (122 ) 62 Profit (loss) - discontinued operations 106 Profit (loss) 910 ( 209 ) 14 (279 ) Other comprehensive income (loss) (516 ) 24 30 119 Total other comprehensive income (loss) 394 ( 185 ) 44 (160 ) Profit (loss) attributable to Eni 455 ( 82 ) 7 7 Dividends received from the joint venture 475 8 The results for the year and the comprehensive income of the significant joint ventures are shown below: 2023 (€ million) Mozambique Rovuma Venture SpA Cardón IV SA Vårgrønn AS Profit (loss) 131 (28 ) (77 ) Other comprehensive income (loss) (35 ) (30 ) (39 ) Total other comprehensive income (loss) 96 (58 ) (116 ) 2022 (€ million) Vårgrønn AS Mozambique Rovuma Venture SpA Profit (loss) (17 ) (202 ) Other comprehensive income (loss) (7 ) 72 Total other comprehensive income (loss) (24 ) ( 130 ) |
Schedule of interests in associates | Main line items of profit and loss and balance sheet related to the associates represented by the amounts included in the reports accounted under IFRS of each company are provided in the table below: 2023 (€ million) Abu Dhabi Oil Refining Company (Takreer) Vår Energi ASA QatarEnergy LNG NFE ( 5 Other associates Current assets 3,506 1,502 6,209 - of which cash and cash equivalent 196 665 472 Non-current assets 17,036 15,784 1,884 13,791 Total assets 20,542 17,286 1,884 20,000 Current liabilities 648 1,843 83 5,738 - of which current financial liabilities 551 Non-current liabilities 7,722 14,734 44 9,860 - of which non-current financial liabilities 4,972 3,586 9,723 Total liabilities 8,370 16,577 127 15,598 Net equity 12,172 709 1,757 4,402 Eni’s % of the investment 20.00 63.04 25.00 Book value of the investment 2,434 447 439 1,001 Revenues and other income 29,259 6,335 36,559 Operating expense (26,459 ) (1,242 ) (18 ) (36,070 ) Other operating income (expense) (738 ) (168 ) Depreciation, amortization and impairments (426 ) (1,840 ) (73 ) Operating profit (loss) 1,636 3,253 (18 ) 248 Finance income (expense) (154 ) (148 ) 3 ( 111 ) Income (expense) from investments 43 Profit (loss) before income taxes 1,482 3,105 (15 ) 180 Income taxes (2,541 ) 4 13 Profit (loss) 1,482 564 (11 ) 193 Other comprehensive income (loss) (412 ) (48 ) (55 ) (153 ) Total other comprehensive income (loss) 1,070 516 (66 ) 40 Profit (loss) attributable to Eni 296 356 (3 ) 22 Dividends received from the associate 277 640 143 2022 (€ million) Abu Dhabi Oil Refining Company (Takreer) Vår Energi ASA Coral FLNG SA Other associates Current assets 3,730 1,612 578 4,828 - of which cash and cash equivalent 150 417 25 284 Non-current assets 17,896 15,821 7,386 8,830 Total assets 21,626 17,433 7,964 13,658 Current liabilities 2,681 3,044 695 4,220 - of which current financial liabilities 561 1 411 Non-current liabilities 6,458 13,179 5,949 4,220 - of which non-current financial liabilities 5,366 2,404 5,926 4,056 Total liabilities 9,139 16,223 6,644 8,440 Net equity 12,487 1,210 1,320 5,218 Eni’s % of the investment 20.00 63.08 25.00 Book value of the investment 2,497 763 330 1,381 Revenues and other income 36,240 9,520 59 37,846 Operating expense (32,916 ) (1,280 ) (49 ) (36,754 ) Other operating income (expense) (702 ) (10 ) Depreciation, amortization and impairments (741 ) (1,881 ) (4 ) (247 ) Operating profit (loss) 1,881 6,359 6 835 Finance income (expense) (83 ) (495 ) 553 (14 ) Income (expense) from investments 3 Profit (loss) before income taxes 1,798 5,864 559 824 Income taxes (4,768 ) 1 (26 ) Profit (loss) 1,798 1,096 560 798 Other comprehensive income (loss) 646 (144 ) 29 (81 ) Total other comprehensive income (loss) 2,444 952 589 717 Profit (loss) attributable to Eni 360 691 140 411 Dividends received from the associate 142 469 97 The results for the year and the comprehensive income of the significant associates are shown below: 2023 (€ million) ADNOC Global Trading Ltd Coral FLNG SA Profit (loss) 602 (161 ) Other comprehensive income (loss) (27 ) (38 ) Total other comprehensive income (loss) 575 (199 ) 2022 (€ million) ADNOC Global Trading Ltd Qatar Liquefied Gas Company Limited ( 9 Novamont SpA Profit (loss) 849 (152 ) Other comprehensive income (loss) 5 (16 ) (107 ) Total other comprehensive income (loss) 854 (16 ) (259 ) |
Exploration & Production | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | SUBSIDIARIES EXPLORATION & PRODUCTION IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Mediterranea Idrocarburi SpA Gela (CL) Italy EUR 5,200,000 Eni SpA 100.00 100.00 F.C. Eni Mozambico SpA San Donato Milanese (MI) Mozambique EUR 200,000 Eni SpA 100.00 100.00 F.C. Eni Natural Energies Mozambico Srl San Donato Milanese (MI) Mozambique EUR 100,000 Eni Natural Energies SpA 100.00 Eq. Eni Natural Energies SpA San Donato Milanese (MI) Italy EUR 100,000 Eni SpA 100.00 100.00 F.C. Eni Timor Leste SpA San Donato Milanese (MI) East Timor EUR 4,386,849 Eni SpA 100.00 100.00 F.C. Eni West Africa SpA San Donato Milanese (MI) Angola EUR 1,000,000 Eni SpA 100.00 Eq. Floaters SpA San Donato Milanese (MI) Italy EUR 200,120,000 Eni SpA 100.00 100.00 F.C. Ieoc SpA San Donato Milanese (MI) Egypt EUR 1,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Milanese (MI) Italy EUR 3,652,000 Eni SpA Third parties 99.96 0.04 99.96 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (#) Company with shares quoted on regulated market of Italy or of other EU countries. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agip Caspian Sea BV Amsterdam (Netherlands) Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Energy and Natural Resources (Nigeria) Ltd Abuja (Nigeria) Nigeria NGN 5,000,000 Eni International BV 95.00 100.00 F.C. Eni Oil Holdings BV 5.00 Agip Karachaganak BV Amsterdam (Netherlands) Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Bacton CCS Ltd London (United Kingdom) United Kingdom GBP 10,000 Eni CCUS H. Ltd 100.00 Eq. Burren Energy (Bermuda) Ltd Hamilton (Bermuda) United Kingdom USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London (United Kingdom) Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy Congo Ltd Road Town (British Virgin Islands) Republic of the Congo USD 50,000 Burren En. (Berm) Ltd 100.00 100.00 F.C. Burren Energy India Ltd London (United Kingdom) United Kingdom GBP 2 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Plc London (United Kingdom) United Kingdom GBP 28,819,023 Eni UK Holding Plc 99.99 100.00 F.C. Eni UK Ltd (..) Burren Shakti Ltd Hamilton (Bermuda) United Kingdom USD 213,138 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Albania BV Amsterdam (Netherlands) Albania EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Exploration BV Amsterdam (Netherlands) Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Ltd Sàrl Luxembourg (Luxembourg) Algeria USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Algeria Production BV Amsterdam (Netherlands) Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ambalat Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni America Ltd Dover (USA) USA USD 72,000 Eni UHL Ltd 100.00 100.00 F.C. Eni Argentina Exploración y Explotación SA Buenos Aires (Argentina) Argentina ARS 31,997,266 Eni International BV 95.00 100.00 F.C. Eni Oil Holdings BV 5.00 Eni Arguni I Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Australia BV Amsterdam (Netherlands) Australia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Australia Ltd London (United Kingdom) Australia GBP 20,000,000 Eni International BV 100.00 100.00 F.C. Eni Bahrain BV Amsterdam (Netherlands) Bahrain EUR 20,000 Eni International BV 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni BB Petroleum Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni BTC Ltd London (United Kingdom) United Kingdom GBP 1 Eni International BV 100.00 Eq. Eni Bukat Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Canada Holding Ltd Calgary (Canada) Canada USD 3,938,200,001 Eni International BV 100.00 100.00 F.C. Eni CBM Ltd London (United Kingdom) Indonesia USD 2,210,728 Eni Lasmo Plc 100.00 Eq. Eni CCUS Holding Ltd London (United Kingdom) United Kingdom GBP 167,020,000 Eni UK Ltd 100.00 100.00 F.C. Eni China BV Amsterdam (Netherlands) China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SAU Pointe-Noire (Republic of the Congo) Republic of the Congo USD 500,000 Eni E&P Holding BV 100.00 100.00 F.C. Eni Côte d'Ivoire Ltd London (United Kingdom) Ivory Coast GBP 1 Eni Lasmo Plc 100.00 100.00 F.C. Eni Cyprus Ltd Nicosia (Cyprus) Cyprus EUR 2,011 Eni International BV 100.00 100.00 F.C. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltda Rio de Janeiro (Brazil) Brazil BRL 1,596,052,720 Eni International BV 99.99 Eq. Eni Oil Holdings BV (..) Eni East Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni East Med BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni East Sepinggan Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/Franklin Ltd London (United Kingdom) United Kingdom GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Russia BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Exploration & Production Holding BV Amsterdam (Netherlands) Netherlands EUR 29,832,777.12 Eni International BV 100.00 100.00 F.C. Eni Ganal Deepwater Ltd Hamilton (Bermuda) Indonesia USD 12,700 Eni Lasmo Plc 100.00 100.00 F.C. Eni Ganal Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Gas & Power LNG Australia BV Amsterdam (Netherlands) Australia EUR 1,013,439 Eni International BV 100.00 100.00 F.C. Eni Ghana Exploration and Production Ltd Accra (Ghana) Ghana GHS 21,412,500 Eni International BV 100.00 100.00 F.C. Eni GoM Llc Dover (USA) USA USD 5,000 Eni Marketing Inc 100.00 100.00 F.C. Eni Hewett Ltd Aberdeen (United Kingdom) United Kingdom GBP 3,036,000 Eni UK Ltd 100.00 100.00 F.C. Eni Hydrocarbons Venezuela Ltd London (United Kingdom) Venezuela GBP 8,050,500 Eni Lasmo Plc 100.00 Eq. Eni In Amenas Ltd Aberdeen (United Kingdom) Algeria USD 1 Eni Algeria Expl.BV 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni In Salah Ltd Nassau (Bahamas) Algeria USD 1,002 Eni IS Exploration Ltd 60.48 100.00 F.C. Eni Algeria Expl.BV 39.52 Eni India Ltd London (United Kingdom) India GBP 1 Eni Lasmo Plc 100.00 Eq. Eni Indonesia Ltd London (United Kingdom) Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd George Town (Cayman Islands) Indonesia USD 1.01 Eni Indonesia Ltd 100.00 100.00 F.C. Eni International NA NV Sàrl Luxembourg (Luxembourg) United Kingdom USD 25,000 Eni International BV 100.00 100.00 F.C. Eni Investments Plc London (United Kingdom) United Kingdom GBP 750,050,000 Eni SpA Eni 99.99 (..) 100.00 F.C. Eni Iran BV Amsterdam (Netherlands) Iran EUR 20,000 Eni International BV 100.00 Eq. Eni Iraq BV Amsterdam (Netherlands) Iraq EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni IS Exploration Ltd London (United Kingdom) United Kingdom GBP 1 Eni Algeria Expl.BV 100.00 100.00 F.C. Eni Isatay BV Amsterdam (Netherlands) Kazakhstan EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 03-13 Ltd London (United Kingdom) Australia GBP 250,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 06-105 Pty Ltd Perth (Australia) Australia AUD 80,830,576 Eni International BV 100.00 100.00 F.C. Eni JPDA 11-106 BV Amsterdam (Netherlands) Australia EUR 50,000 Eni International BV 100.00 100.00 F.C. Eni Kenya BV Amsterdam (Netherlands) Kenya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Krueng Mane Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Lasmo Plc London (United Kingdom) United Kingdom GBP 337,638,724.25 Eni Investments Plc 99.99 100.00 F.C. Eni UK Ltd (..) Eni Lebanon BV Amsterdam (Netherlands) Lebanon EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool Bay Operating Co Ltd London (United Kingdom) United Kingdom GBP 1 Eni UK Ltd 100.00 Eq. Eni LNS Ltd London (United Kingdom) United Kingdom GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Makassar Ltd Hamilton (Bermuda) Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Marketing Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Maroc BV Amsterdam (Netherlands) Morocco EUR 20,000 Eni International BV 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV Eni Oil Holdings BV 99.90 0.10 100.00 F.C. Eni Middle East Ltd London (United Kingdom) United Arab Emirates GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni MOG Ltd (in liquidation) London (United Kingdom) United Kingdom GBP 0 (a) Eni Lasmo Plc Eni LNS Ltd 99.99 (..) 100.00 F.C. Eni Montenegro BV Amsterdam (Netherlands) Republic of Montenegro EUR 20,000 Eni International BV 100.00 Eq. Eni Mozambique Engineering Ltd London (United Kingdom) United Kingdom GBP 1 Eni Lasmo Plc 100.00 Eq. Eni Mozambique LNG Holding BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Muara Bakau BV Amsterdam (Netherlands) Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Myanmar BV Amsterdam (Netherlands) Myanmar EUR 20,000 Eni International BV 100.00 Eq. Eni New Energy Egypt SAE Cairo (Egypt) Egypt EGP 250,000 Eni International BV 99.98 Eq. Ieoc Exploration BV 0.01 Ieoc Production BV 0.01 Eni North Africa BV Amsterdam (Netherlands) Libya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni North Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Oil & Gas Inc Dover (USA) USA USD 100,800 Eni America Ltd 100.00 100.00 F.C. Eni Oil Algeria Ltd London (United Kingdom) Algeria GBP 1,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Oil Holdings BV Amsterdam (Netherlands) Netherlands EUR 450,000 Eni ULX Ltd 100.00 100.00 F.C. Eni Oman BV Amsterdam (Netherlands) Oman EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Peri Mahakam Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Petroleum Co Inc Dover (USA) USA USD 156,600,000 Eni SpA 63.86 100.00 F.C. Eni International BV 36.14 Eni Petroleum US Llc Dover (USA) USA USD 1,000 Eni BB Petroleum Inc 100.00 100.00 F.C. Eni Qatar BV Amsterdam (Netherlands) Qatar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni RAK BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Rapak Deepwater Ltd Hamilton (Bermuda) Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Rapak Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni RD Congo SA Kinshasa (Democratic Republic of the Congo) Democratic Republic of the Congo CDF 750,000,000 Eni International BV Eni Oil Holdings BV 99.99 (..) Eq. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Shares without nominal value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni Rovuma Basin BV Amsterdam (Netherlands) Mozambique EUR 20,000 Eni Mozamb. LNG H. BV 100.00 100.00 F.C. Eni Sharjah BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni South Africa BV Amsterdam (Netherlands) Republic of South Africa EUR 20,000 Eni International BV 100.00 Eq. Eni South China Sea Ltd Sàrl Luxembourg (Luxembourg) China USD 20,000 Eni International BV 100.00 Eq. Eni Timor 22-23 BV Amsterdam (Netherlands) East Timor EUR 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen (United Kingdom) United Kingdom GBP 1,000 Eni UK Ltd 100.00 100.00 F.C. Eni Tunisia BV Amsterdam (Netherlands) Tunisia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Turkmenistan Ltd Hamilton (Bermuda) Turkmenistan USD 20,000 Burren En. (Berm) Ltd 100.00 100.00 F.C. Eni UHL Ltd London (United Kingdom) United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UK Holding Plc London (United Kingdom) United Kingdom GBP 424,050,000 Eni Lasmo Plc 99.99 100.00 F.C. Eni UK Ltd (..) Eni UK Ltd London (United Kingdom) United Kingdom GBP 50,000,000 Eni International BV 100.00 100.00 F.C. Eni UKCS Ltd London (United Kingdom) United Kingdom GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Ukraine Holdings BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Ukraine LLC (in liquidation) Kiev (Ukraine) Ukraine UAH 98,419,627.51 Eni Ukraine Hold. BV 99.99 Eni International BV 0.01 Eni ULT Ltd London (United Kingdom) United Kingdom GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London (United Kingdom) United Kingdom GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni US Operating Co Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni USA Gas Marketing Llc Dover (USA) USA USD 10,000 Eni Marketing Inc 100.00 100.00 F.C. Eni USA Inc Dover (USA) USA USD 1,000 Eni Oil & Gas Inc 100.00 100.00 F.C. Eni Venezuela BV Amsterdam (Netherlands) Venezuela EUR 20,000 Eni Venezuela E&P H. 100.00 100.00 F.C. Eni Venezuela E&P Holding SA Bruxelles (Belgium) Belgium USD 254,443,200 Eni International BV 99.99 100.00 F.C. Eni Oil Holdings BV (..) Eni Vietnam BV Amsterdam (Netherlands) Vietnam EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni West Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni West Timor Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Yemen Ltd London (United Kingdom) United Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. Export LNG Ltd Hong Kong (Hong Kong) Republic of the Congo USD 322,325,000 Eni SpA 100.00 100.00 F.C. First Calgary Petroleums LP Wilmington (USA) Algeria USD 1 Eni Canada Hold. Ltd 99.99 100.00 F.C. FCP Partner Co ULC 0.01 First Calgary Petroleums Partner Co ULC Calgary (Canada) Canada CAD 10 Eni Canada Hold. Ltd 100.00 100.00 F.C. Ieoc Exploration BV Amsterdam (Netherlands) Egypt EUR 20,000 Eni International BV 100.00 Eq. Ieoc Production BV Amsterdam (Netherlands) Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Lasmo Sanga Sanga Ltd Hamilton (Bermuda) Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Liverpool Bay CCS Ltd London (United Kingdom) United Kingdom GBP 117,310,000 Eni CCUS H. Ltd 100.00 100.00 F.C. Liverpool Bay Ltd (in liquidation) London (United Kingdom) United Kingdom USD 1 Eni ULX Ltd 100.00 Co. LLC "Eni Energhia" Moscow (Russia) Russia RUB 2,000,000 Eni Energy Russia BV 99.90 Eq. Eni Oil Holdings BV 0.10 Mizamtec Operating Company S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni US Op. Co Inc 99.90 Eq. Eni Petroleum Co Inc 0.10 Nigerian Agip CPFA Ltd Lagos (Nigeria) Nigeria NGN 1,262,500 NAOC Ltd 98.02 Co. Agip En Nat Res. Ltd 0.99 Nigerian Agip E. Ltd 0.99 Nigerian Agip Exploration Ltd Abuja (Nigeria) Nigeria NGN 5,000,000 Eni International BV 99.99 100.00 F.C. Eni Oil Holdings BV 0.01 Nigerian Agip Oil Co Ltd Abuja (Nigeria) Nigeria NGN 1,800,000 Eni International BV 99.89 100.00 F.C. Eni Oil Holdings BV 0.11 Zetah Congo Ltd Nassau (Bahamas) Republic of the Congo USD 300 Eni Congo SAU 66.67 Co. Burren En. Congo Ltd 33.33 Zetah Kouilou Ltd Nassau (Bahamas) Republic of the Congo USD 2,000 Eni Congo SAU 54.50 Co. Burren En. Congo Ltd 37.00 Third parties 8.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of interests in joint arrangements and associates | JOINT ARRANGEMENTS AND ASSOCIATES EXPLORATION & PRODUCTION IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agri-Energy Srl (†) Jolanda di Savoia (FE) Italy EUR 50,000 Eni Natural Energies SpA 50.00 Eq. Third parties 50.00 Azule Energy Angola SpA San Donato Milanese (MI) Angola EUR 20,200,000 Azule Energy Holdings Ltd 100.00 Mozambique Rovuma Venture SpA (†) San Donato Milanese (MI) Mozambique EUR 20,000,000 Eni SpA Third parties 35.71 64.29 Eq. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agiba Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 Ashrafi Island Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Azule Energy Angola (Block 18) BV (former BP Angola (Block 18) BV) Rotterdam (Netherlands) Angola EUR 2,275,625.42 Azule Energy Holdings Ltd 100.00 Azule Energy Angola BV (former Eni Angola Exploration BV) Amsterdam (Netherlands) Angola EUR 20,000 Azule Energy Holdings Ltd 100.00 Azule Energy Angola Production BV (former Eni Angola Production BV) Amsterdam (Netherlands) Angola EUR 20,000 Azule Energy Holdings Ltd 100.00 Azule Energy Exploration Angola (KB) Ltd (former BP Exploration Angola (Kwanza Benguela) Ltd) Sunbury On Thames (United Kingdom) Angola USD 1 Azule Energy Holdings Ltd 100.00 Azule Energy Exploration (Angola) Ltd (former BP Exploration (Angola) Ltd) Sunbury On Thames (United Kingdom) Angola USD 1,000,000 Azule Energy Holdings Ltd 100.00 Azule Energy Gas Supply Services Inc Dover (USA) USA USD 1,000 Azule Energy Holdings Ltd 100.00 Azule Energy Holdings Ltd (†) London (United Kingdom) United Kingdom USD 1,000,000 Eni International BV 50.00 Eq. Third parties 50.00 Azule Energy Ltd (former Angola JVCO Ltd) Sunbury On Thames (United Kingdom) Angola USD 1,000 Azule Energy Holdings Ltd 100.00 Azule Energy US Gas Llc (former BP Gas Supply (Angola) Llc) Wilmington (USA) USA USD 12,800,000 Azule En. Gas Sup. S. Inc 100.00 Barentsmorneftegaz Sàrl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Third parties 66.67 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Cabo Delgado Gas Development Limitad (†) Maputo (Mozambique) Mozambique MZN 2,500,000 Eni Mozamb. LNG H. BV Third parties 50.00 50.00 Co. Cardon IV SA (†) Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV Third parties 50.00 50.00 Eq. Compañia Agua Plana SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV Third parties 26.00 74.00 Co. Coral FLNG SA Maputo (Mozambique) Mozambique MZN 100,000,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 Coral South FLNG DMCC Dubai (United Arab Emirates) United Arab Emirates AED 500,000 Eni Mozamb. LNG H. BV Third parties 25.00 75.00 Eq. East Delta Gas Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 37.50 62.50 Co. East Obaiyed Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 El Temsah Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 EI-Fayrouz Petroleum Co (†) (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 50.00 50.00 Fedynskmorneftegaz Sarl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Third parties 66.67 In Salah Gas Ltd St. Helier (Jersey) Algeria 180 Eni In Salah Ltd 25.56 Co. Third parties 74.44 In Salah Gas Services Ltd St. Helier (Jersey) Algeria 180 Eni In Salah Ltd 25.56 Co. Third parties 74.44 Isatay Operating Company LIp (†) Astana (Kazakhstan) Kazakhstan KZT 400,000 Eni Isatay Third parties 50.00 50.00 Co. Karachaganak Petroleum Operating BV Amsterdam (Netherlands) Kazakhstan EUR 20,000 Agip Karachaganak BV 29.25 Co. Third parties 70.75 Khaleej Petroleum Co Wll Safat (Kuwait) Kuwait KWD 250,000 Eni Middle E. Ltd 49.00 Eq. Third parties 51.00 Liberty National Development Co Llc Wilmington (USA) USA USD 0 (a) Eni Oil & Gas Inc Third parties 32.50 67.50 Eq. Mediterranean Gas Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Meleiha Petroleum Company Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 Melitah Oil & Gas BV (†) Amsterdam (Netherlands) Libya EUR 20,000 Eni North Africa BV Third parties 50.00 50.00 Co. Nile Delta Oil Co Nidoco Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 Norpipe Terminal Holdco Ltd London (United Kingdom) Norway GBP 55.69 Eni SpA Third parties 14.20 85.80 Eq. North Bardawil Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 30.00 70.00 North El Burg Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 North El Hammad Petroleum Co Cairo (Egypt) Egypt USD 20,000 Ieoc Production BV Third parties 18.75 81.25 Co. Petrobel Belayim Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 50.00 50.00 Co. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. (a) Shares without nominal value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) PetroBicentenario SA (†) Caracas (Venezuela) Venezuela VED 0 Eni Lasmo Plc Third parties 40.00 60.00 Eq. PetroJunín SA (†) Caracas (Venezuela) Venezuela VED 0.02 Eni Lasmo Plc Third parties 40.00 60.00 Eq. PetroSucre SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 26.00 Eq. Third parties 74.00 Pharaonic Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Port Said Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 QatarEnergy LNG NFE (5) (former Qatar Liquefied Gas Company Limited (9)) Doha (Qatar) Qatar USD 1,175,885,000 Eni Qatar BV Third parties 25.00 75.00 Eq. Rovuma LNG Investment (DIFC) Ltd Dubai (United Arab Emirates) Mozambique USD 50,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 Rovuma LNG SA Maputo (Mozambique) Mozambique MZN 100,000,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 Shorouk Petroleum Company Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Société Centrale Electrique du Congo SA Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 44,732,000,000 Eni Congo SAU Third parties 20.00 80.00 Eq. Société Italo Tunisienne d’Exploitation Pétrolière SA (†) Tunis (Tunisia) Tunisia TND 5,000,000 Eni Tunisia BV 50.00 Eq. Third parties 50.00 Sodeps - Société de Developpementet d’Exploitation du Permis du Sud SA (†) Tunis (Tunisia) Tunisia TND 100,000 Eni Tunisia BV 50.00 Co. Third parties 50.00 Thekah Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 25.00 Third parties 75.00 United Gas Derivatives Co New Cairo (Egypt) Egypt USD 153,000,000 Eni International BV 33.33 Eq. Third parties 66.67 Vår Energi ASA (#) Sandnes (Norway) Norway NOK 399,425,000 Eni International BV 63.04 Eq. Third parties 36.96 VIC CBM Ltd (†) London (United Kingdom) Indonesia USD 52,315,912 Eni Lasmo Plc Third parties 50.00 50.00 Eq. Virginia Indonesia Co CBM Ltd (†) London (United Kingdom) Indonesia USD 25,631,640 Eni Lasmo Plc Third parties 50.00 50.00 Eq. West Ashrafi Petroleum Co (†) (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 50.00 Third parties 50.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (#) Company with shares quoted on regulated market of extra-EU countries. (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | OTHER SIGNIFICANT INVESTMENTS EXPLORATION & PRODUCTION IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) BF SpA (#) Jolanda di Savoia (FE) Italy EUR 261,883,391 Eni Natural Energies SpA 5.32 F.V. Third parties 94.68 Consorzio Universitario in Ingegneria per la Qualità e l’Innovazione Pisa Italy EUR 142,000 Eni SpA Third parties 12.50 87.50 F.V. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Administradora del Golfo de Paria Este SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 19.50 F.V. Third parties 80.50 Brass LNG Ltd Lagos (Nigeria) Nigeria USD 1,000,000 Eni Int. NA NV Sàrl 20.48 F.V. Third parties 79.52 Darwin LNG Pty Ltd West Perth (Australia) Australia AUD 187,569,921.42 Eni G&P LNG Aus. BV 10.99 F.V. Third parties 89.01 New Liberty Residential Urban Renewal Company Llc (former New Liberty Residential Co Llc) West Trenton (USA) USA USD 0 (a) Eni Oil & Gas Inc 17.50 F.V. Third parties 82.50 Nigeria LNG Ltd Port Harcourt (Nigeria) Nigeria USD 1,138,207,000 Eni Int. NA NV Sàrl 10.40 F.V. Third parties 89.60 North Caspian Operating Company NV The Hague (Netherlands) Kazakhstan EUR 128,520 Agip Caspian Sea BV 16.81 F.V. Third parties 83.19 Petrolera Güiria SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 19.50 F.V. Third parties 80.50 Torsina Oil Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 12.50 F.V. Third parties 87.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. GLOBAL GAS & LNG PORTFOLIO OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Norsea Gas GmbH Friedeburg-Etzel (Germany) Germany EUR 1,533,875.64 Eni International BV 13.04 F.V. Third parties 86.96 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. ENILIVE, REFINING AND CHEMICALS Enilive and Refining OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) BFS Berlin Fuelling Services GbR Berlin (Germany) Germany EUR 89,199 Eni Deutsch. GmbH 12.50 F.V. Third parties 87.50 Compañía de Economia Mixta “Austrogas” Cuenca (Ecuador) Ecuador USD 6,863,493 Eni Ecuador SA Third parties 13.38 86.62 F.V. Dépôt Pétrolier de la Côte d’Azur SAS Nanterre (France) France EUR 207,500 Eni France Sàrl Third parties 18.00 82.00 F.V. Dépôts Pétroliers de Fos SA Fos-Sur-Mer (France) France EUR 3,954,196.40 Eni France Sàrl Third parties 16.81 83.19 F.V. Gestión de Envases Comerciales e Industriales SL Madrid (Spain) Spain EUR 3,000 Eni Iberia SLU Third parties 16.40 83.60 F.V. Joint Inspection Group Ltd Cambourne (United Kingdom) United Kingdom GBP 0 (a) Eni Sust. Mobility SpA 12.50 F.V. Third parties 87.50 S.I.P.G. Société Immobilière Pétrolière de Gestion Snc Tremblay-en-France (France) France EUR 40,000 Eni France Sàrl 12.50 F.V. Third parties 87.50 Saudi European Petrochemical Co "IBN ZAHR" Al Jubail (Saudi Arabia) Saudi Arabia SAR 1,200,000,000 Ecofuel SpA Third parties 10.00 90.00 F.V. Sistema Integrado de Gestion de Aceites Usados Madrid (Spain) Spain EUR 175,713 Eni Iberia SLU Third parties 15.45 84.55 F.V. Tanklager - Gesellschaft Tegel (TGT) GbR Hamburg (Germany) Germany EUR 4,953 Eni Deutsch. GmbH 12.50 F.V. Third parties 87.50 TAR - Tankanlage Ruemlang AG Ruemlang (Switzerland) Switzerland CHF 3,259,500 Eni Suisse SA Third parties 16.27 83.73 F.V. Tema Lube Oil Co Ltd Accra (Ghana) Ghana GHS 258,309 Eni International BV 12.00 F.V. Third parties 88.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. CORPORATE AND OTHER ACTIVITIES Corporate and financial companies OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) New Energy One Acquisition Corporation Plc (#) London (United Kingdom) United Kingdom GBP 56,220.61 Eni International BV F.V. Third parties Other activities IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Ottana Sviluppo ScpA (in bankruptcy) Nuoro Italy EUR Eni Rewind SpA 30.00 F.V. Third parties 70.00 |
Global Gas & LNG Portfolio | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | GLOBAL GAS & LNG PORTFOLIO IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or Eni Gas Transport Services Srl San Donato Milanese (MI) Italy EUR 120,000 Eni SpA 100.00 Co. Eni Global Energy Markets SpA Rome Italy EUR 41,233,720 Eni SpA 100.00 100.00 F.C. LNG Shipping SpA San Donato Milanese (MI) Italy EUR 240,900,000 Eni SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or Eni España Comercializadora de Gas SAU Madrid (Spain) Spain EUR 2,340,240 Eni SpA 100.00 100.00 F.C. Eni G&P Trading BV Amsterdam (Netherlands) Turkey EUR 70,000 Eni International BV 100.00 100.00 F.C. Eni Gas Liquefaction BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of interests in joint arrangements and associates | GLOBAL GAS & LNG PORTFOLIO IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) SeaCorridor Srl (†) (former Eni Corridor Srl) San Donato Milanese (MI) Italy EUR 100,000,000 Eni SpA Third parties 50.10 49.90 Eq. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Blue Stream Pipeline Co BV (†) Amsterdam (Netherlands) Russia USD 22,000 Eni International BV 50.00 74.62 (a) J.O. Third parties 50.00 Damietta LNG (DLNG) SAE (†) Damietta (Egypt) Egypt USD 375,000,000 Eni Gas Liquef. BV 50.00 50.00 J.O. Third parties 50.00 DLNG Service SAE (†) Damietta (Egypt) Egypt USD 1,000,000 Damietta LNG 98.00 50.00 J.O. Eni Gas Liquef. BV 1.00 Third parties 1.00 GreenStream BV (†) Amsterdam (Netherlands) Libya EUR 200,000,000 Eni North Africa BV 50.00 50.00 J.O. Third parties 50.00 Société Energies Renouvelables Eni-ETAP SA (†) Tunis (Tunisia) Tunisia TND 11,100,000 Eni International BV 50.00 Eq. Third parties 50.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. (a) Equity ratio equal to the Eni's working interest. |
Schedule of detailed information about other significant investments | GLOBAL GAS & LNG PORTFOLIO OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Norsea Gas GmbH Friedeburg-Etzel (Germany) Germany EUR 1,533,875.64 Eni International BV 13.04 F.V. Third parties 86.96 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Enilive, Refining and Chemicals | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | ENILIVE, REFINING AND CHEMICALS Enilive and Refining IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Ecofuel SpA San Donato Milanese (MI) Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. EniBioCh4 in Alexandria Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4in Aprilia Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Flaibano Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Grupellum Società Agricola Srl San Donato Milanese (MI) Italy EUR 100,000 EniBioCh 4 98.00 98.00 F.C. Third parties 2.00 EniBioCh4 in Jonica Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Momo Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Pannellia BioGas Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Po Energia Srl Società Agricola (former Po' Energia Srl Società Agricola) San Donato Milanese (MI) Italy EUR 10,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Quadruvium Srl Società Agricola San Donato Milanese (MI) Italy EUR 100,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in Service BioGas Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh 4 100.00 100.00 F.C. EniBioCh4 in SpA San Donato Milanese (MI) Italy EUR 2,500,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Enimoov SpA (former Eni Fuel SpA) Rome Italy EUR 59,944,310 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Sustainable Mobility SpA Rome Italy EUR 311,509,143 Eni SpA 100.00 100.00 F.C. Eni Trade & Biofuels SpA Rome Italy EUR 22,568,759 Eni SpA 100.00 100.00 F.C. Petroven Srl Genova Italy EUR 918,520 Ecofuel SpA 100.00 100.00 F.C. Raffineria di Gela SpA Gela (CL) Italy EUR 15,000,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Third parties 20.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni Abu Dhabi Refining & Trading BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Abu Dhabi Refining & Trading Services BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni Abu Dhabi R&T BV 100.00 Eq. Eni Austria GmbH Wien (Austria) Austria EUR 78,500,000 Eni Sust. Mobility SpA 75.00 100.00 F.C. Eni Deutsch. GmbH 25.00 Eni Benelux BV Rotterdam (Netherlands) Netherlands EUR 1,934,040 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Deutschland GmbH Munich (Germany) Germany EUR 90,000,000 Eni Sust. Mobility SpA 89.00 100.00 F.C. Eni International BV 11.00 Eni Ecuador SA Quito (Ecuador) Ecuador USD 103,142.08 Eni International BV 99.93 100.00 F.C. Esain SA 0.07 Eni Energy (Shanghai) Co Ltd Shanghai (China) China EUR 5,000,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni France Sàrl Lyon (France) France EUR 56,800,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Iberia SLU Alcobendas (Spain) Spain EUR 17,299,100 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Marketing Austria GmbH Wien (Austria) Austria EUR 19,621,665.23 Eni Mineralölh. GmbH 99.99 100.00 F.C. Eni Sust. Mobility SpA (..) Eni Mineralölhandel GmbH Wien (Austria) Austria EUR 34,156,232.06 Eni Austria GmbH 100.00 100.00 F.C. Eni Schmiertechnik GmbH Wurzburg (Germany) Germany EUR 2,000,000 Eni Deutsch. GmbH 100.00 100.00 F.C. Eni Suisse SA Lausanne (Switzerland) Switzerland CHF 102,500,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Sustainable Mobility US Inc Dover (USA) USA USD 1,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Trading & Shipping Inc Dover (USA) USA USD 1,000,000 ET&B SpA 100.00 100.00 F.C. Eni Transporte y Suministro México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni USA R&M Co Inc Wilmington (USA) USA USD 11,000,000 Eni International BV 100.00 Eq. Esacontrol SA Quito (Ecuador) Ecuador USD 60,000 Eni Ecuador SA Third parties 87.00 13.00 Eq. Esain SA Quito (Ecuador) Ecuador USD 30,000 Eni Ecuador SA Tecnoesa SA 99.99 (..) 100.00 F.C. Oléoduc du Rhône SA Bovernier (Switzerland) Switzerland CHF 7,000,000 Eni International BV 100.00 Eq. Tecnoesa SA Quito (Ecuador) Ecuador USD 36,000 Eni Ecuador SA Esain SA 99.99 (..) Eq. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Chemicals IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Versalis SpA San Donato Milanese (MI) Italy EUR 300,000,000 Eni SpA 100.00 100.00 F.C. Finproject SpA Morrovalle (MC) Italy EUR 18,500,000 Versalis SpA 100.00 100.00 F.C. Mater-Agro Srl Novara Italy EUR 50,000 Novamont SpA 85.00 Eq. Third parties 15.00 Mater-Biotech SpA Novara Italy EUR 120,000 Novamont SpA 100.00 100.00 F.C. Matrìca SpA Porto Torres (SS) Italy EUR 37,500,000 Novamont SpA 50.00 100.00 F.C. Versalis SpA 50.00 Novamont SpA Novara Italy EUR 20,000,000 Versalis SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Asian Compounds Ltd Hong Kong (Hong Kong) Hong Kong HKD 1,000 Finproject Asia Ltd 100.00 100.00 F.C. BBI Sverige AB Torsby (Sweden) Sweden SEK 100,000 BioBag International 100.00 Eq. BioBag Americas Inc Dunedin (USA) USA USD 476 BioBag International 100.00 100.00 F.C. BioBag Finland OY Vantaa (Finland) Finland EUR 203,784 BioBag International 97.99 Eq. Third parties 2.01 BioBag Inc Toronto (Canada) Canada CAD 100 BioBag International 100.00 Eq. BioBag International AS Indre Østfold (Norway) Norway NOK 3,565,000 Novamont SpA 100.00 100.00 F.C. BioBag Norge AS Indre Østfold (Norway) Norway NOK 200,000 BioBag International 100.00 Eq. BioBag Plastics Ltd Delgany (Ireland) Ireland EUR 1,000 BioBag International 90.10 Eq. Third parties 9.90 BioBag Polska Sp zoo Wroclaw (Poland) Poland PLN 106,100 BioBag International 100.00 Eq. BioBag UK Ltd Belfast (United Kingdom) United Kingdom GBP 1,000 BioBag International 90.10 Eq. Third parties 9.90 BioBag Zenzo A/S Hillerød (Denmark) Denmark DKK 400,000 BioBag International 100.00 Eq. Dagöplast AS Hiiumaa (Estonia) Estonia EUR 76,800 BioBag International 100.00 100.00 F.C. Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest (Hungary) Hungary HUF 5,219,443,200 Versalis SpA Versalis Deutsch. GmbH 96.34 1.83 100.00 F.C. Versalis International SA 1.83 Finproject Asia Ltd Hong Kong (Hong Kong) Hong Kong USD 1,000 Finproject SpA 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Finproject Brasil Industria De Solados Eireli Franca (Brazil) Brazil BRL 1,000,000 Finproject SpA 100.00 Eq. Finproject Guangzhou Trading Co Ltd Guangzhou (China) China USD 180,000 Finproject SpA 100.00 100.00 F.C. Finproject India Pvt Ltd Jaipur (India) India INR 46,712,940 Versalis Singapore P. Ltd 99.99 100.00 F.C. Finproject SpA (..) Finproject Romania Srl Valea Lui Mihai (Romania) Romania RON 7,523,030 Finproject SpA 100.00 100.00 F.C. Finproject Viet Nam Company Limited Hai Phong (Vietnam) Vietnam VND 19,623,250,000 Finproject Asia Ltd 100.00 Eq. Foam Creations (2008) Inc Quebec City (Canada) Canada CAD 1,215,000 Finproject SpA 100.00 100.00 F.C. Foam Creations México SA de CV León (Mexico) Mexico MXN 35,956,433 Foam Creations ( 2008 53.23 100.00 F.C. Finproject SpA 46.77 Novamont France SAS Paris (France) France EUR 40,000 Novamont SpA 100.00 100.00 F.C. Novamont GmbH Eschborn (Germany) Germany EUR 25,564 Novamont SpA 100.00 Eq. Novamont Iberia SLU Cornellà de Llobregat (Spain) Spain EUR 50,000 Novamont SpA 100.00 100.00 F.C. Novamont North America Inc Shelton (USA) USA USD 50,000 Novamont SpA 100.00 100.00 F.C. Padanaplast America Llc Wilmington (USA) USA USD 70,000 Finproject SpA 100.00 Eq. Padanaplast Deutschland GmbH Hannover (Germany) Germany EUR 25,000 Finproject SpA 100.00 Eq. Versalis Americas Inc Dover (USA) USA USD 100,000 Versalis International SA 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 1,000,000 Versalis International SA 100.00 100.00 F.C. Versalis Deutschland GmbH Eschborn (Germany) Germany EUR 100,000 Versalis SpA 100.00 100.00 F.C. Versalis France SAS Mardyck (France) France EUR 126,115,582.90 Versalis SpA 100.00 100.00 F.C. Versalis International Côte d'Ivoire Sarlu Abidjan (Ivory Coast) Ivory Coast XOF 270,000,000 Versalis International SA 100.00 Eq. Versalis International SA Bruxelles (Belgium) Belgium EUR 15,449,173.88 Versalis SpA Versalis Deutsch. GmbH 59.00 23.71 100.00 F.C. Dunastyr Zrt 14.43 Versalis France 2.86 Versalis Kimya Ticaret Limited Sirketi Istanbul (Turkey) Turkey TRY 20,000 Versalis International SA 100.00 100.00 F.C. Versalis México S. de RL de CV Mexico City (Mexico) Mexico MXN 45,001,000 Versalis International SA 99.99 100.00 F.C. Versalis SpA (..) Versalis Pacific (India) Private Ltd Mumbai (India) India INR 238,700 Versalis Singapore P. Ltd 99.99 100.00 F.C. Versalis International SA (..) Versalis Pacific Trading (Shanghai) Co Ltd Shanghai (China) China CNY 15,237,236 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapore (Singapore) Singapore SGD 5,886,800 Versalis SpA 100.00 100.00 F.C. Versalis UK Ltd London (United Kingdom) United Kingdom GBP 4,018,042 Versalis SpA 100.00 100.00 F.C. Versalis Zeal Ltd Takoradi (Ghana) Ghana GHS 5,650,000 Versalis International SA 80.00 80.00 F.C. Third parties 20.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of detailed information about other significant investments | ENILIVE, REFINING AND CHEMICALS Enilive and Refining OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) BFS Berlin Fuelling Services GbR Berlin (Germany) Germany EUR 89,199 Eni Deutsch. GmbH 12.50 F.V. Third parties 87.50 Compañía de Economia Mixta “Austrogas” Cuenca (Ecuador) Ecuador USD 6,863,493 Eni Ecuador SA Third parties 13.38 86.62 F.V. Dépôt Pétrolier de la Côte d’Azur SAS Nanterre (France) France EUR 207,500 Eni France Sàrl Third parties 18.00 82.00 F.V. Dépôts Pétroliers de Fos SA Fos-Sur-Mer (France) France EUR 3,954,196.40 Eni France Sàrl Third parties 16.81 83.19 F.V. Gestión de Envases Comerciales e Industriales SL Madrid (Spain) Spain EUR 3,000 Eni Iberia SLU Third parties 16.40 83.60 F.V. Joint Inspection Group Ltd Cambourne (United Kingdom) United Kingdom GBP 0 (a) Eni Sust. Mobility SpA 12.50 F.V. Third parties 87.50 S.I.P.G. Société Immobilière Pétrolière de Gestion Snc Tremblay-en-France (France) France EUR 40,000 Eni France Sàrl 12.50 F.V. Third parties 87.50 Saudi European Petrochemical Co "IBN ZAHR" Al Jubail (Saudi Arabia) Saudi Arabia SAR 1,200,000,000 Ecofuel SpA Third parties 10.00 90.00 F.V. Sistema Integrado de Gestion de Aceites Usados Madrid (Spain) Spain EUR 175,713 Eni Iberia SLU Third parties 15.45 84.55 F.V. Tanklager - Gesellschaft Tegel (TGT) GbR Hamburg (Germany) Germany EUR 4,953 Eni Deutsch. GmbH 12.50 F.V. Third parties 87.50 TAR - Tankanlage Ruemlang AG Ruemlang (Switzerland) Switzerland CHF 3,259,500 Eni Suisse SA Third parties 16.27 83.73 F.V. Tema Lube Oil Co Ltd Accra (Ghana) Ghana GHS 258,309 Eni International BV 12.00 F.V. Third parties 88.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of detailed information about principal joint ventures, joint operations and associates | ENILIVE, REFINING AND CHEMICALS Enilive and Refining IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Arezzo Gas SpA (†) Arezzo Italy EUR 394,000 Ecofuel SpA Third parties 50.00 50.00 Eq. CePIM Centro Padano Interscambio Merci SpA Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA Third parties 44.78 55.22 Eq. Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Ecofuel SpA Third parties 25.00 75.00 Co. Costiero Gas Livorno SpA (†) Livorno Italy EUR 26,000,000 Ecofuel SpA Third parties 65.00 35.00 65.00 J.O. Disma SpA Segrate (MI) Italy EUR 2,600,000 Ecofuel SpA Third parties 25.00 75.00 Eq. Porto Petroli di Genova SpA Genova Italy EUR 2,068,000 Ecofuel SpA Third parties 40.50 59.50 Eq. Raffineria di Milazzo ScpA (†) Milazzo (ME) Italy EUR 171,143,000 Eni SpA Third parties 50.00 50.00 50.00 J.O. Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA Third parties 25.00 75.00 Eq. Sigea Sistema Integrato Genova Arquata SpA Genova Italy EUR 3,326,900 Ecofuel SpA Third parties 35.00 65.00 Eq. Società Oleodotti Meridionali - SOM SpA (†) Rome Italy EUR 3,085,000 Eni SpA Third parties 70.00 30.00 Eq. South Italy Green Hydrogen Srl (†) Rome Italy EUR 10,000 Eni SpA Third parties 50.00 50.00 Eq. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Abu Dhabi Oil Refining Company (TAKREER) Abu Dhabi (United Arab Emirates) United Arab Emirates AED 500,000,000 Eni Abu Dhabi R&T BV 20.00 Eq. Third parties 80.00 ADNOC Global Trading Ltd Abu Dhabi (United Arab Emirates) United Arab Emirates USD 100,000,000 Eni Abu Dhabi R&T BV 20.00 Eq. Third parties 80.00 AET - Raffineriebeteiligungsgesellschaft mbH (†) Schwedt (Germany) Germany EUR 27,000 Eni Deutsch. GmbH 33.33 Eq. Third parties 66.67 Bayernoil Raffineriegesellschaft mbH (†) Vohburg (Germany) Germany EUR 10,226,000 Eni Deutsch. GmbH 20.00 20.00 J.O. Third parties 80.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) City Carburoil SA (†) Monteceneri (Switzerland) Switzerland CHF 6,000,000 Eni Suisse SA 49.91 Eq. Third parties 50.09 Egyptian International Gas Technology Co New Cairo (Egypt) Egypt EGP 100,000,000 Eni International BV 40.00 Eq. Third parties 60.00 ENEOS Italsing Pte Ltd Singapore (Singapore) Singapore SGD 12,000,000 Eni Sust. Mobility SpA 22.50 Eq. Third parties 77.50 Fuelling Aviation Services GIE Tremblay - en-France (France) France EUR 0 Eni France Sàrl 25.00 Co. Third parties 75.00 Mediterranée Bitumes SA Tunis (Tunisia) Tunisia TND 1,000,000 Eni International BV 34.00 Eq. Third parties 66.00 Routex BV Amsterdam (Netherlands) Netherlands EUR 67,500 Eni Sust. Mobility SpA 20.00 (a) Eq. Routex BV Third parties 20.00 60.00 Saraco SA Meyrin (Switzerland) Switzerland CHF 420,000 Eni Suisse SA 20.00 Co. Third parties 80.00 St. Bernard Renewables Llc (†) Wilmington (USA) USA USD 1,000 ESM US Inc Third parties 50.00 50.00 Eq. Supermetanol CA (†) Jose Puerto La Cruz (Venezuela) Venezuela VED 0 Ecofuel SpA Supermetanol CA 34.51 30.07 50.00 (b) J.O. Third parties 35.42 TBG Tanklager Betriebsgesellschaf GmbH (†) Salzburg (Austria) Austria EUR 43,603.70 Eni Marketing A. GmbH 50.00 Eq. Third parties 50.00 Weat Electronic Datenservice GmbH Düsseldorf (Germany) Germany EUR 409,034 Eni Deutsch. GmbH 20.00 Eq. Third parties 80.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni . Mobility 25.00 Third parties 75.00 (b) Equity ratio equal to the Chemicals IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Brindisi Servizi Generali Scarl Brindisi Italy EUR 1,549,060 Versalis SpA 49.00 Eq. Eni Rewind SpA 20.20 EniPower SpA 8.90 Third parties 21.90 IFM Ferrara ScpA Ferrara Italy EUR 5,304,464 Versalis SpA 19.61 Eq. Eni Rewind SpA 11.51 S.E.F. Srl 10.63 Third parties 58.25 Polymer Servizi Ecologici Scarl Terni Italy 10,000 Novamont SpA 32.44 Eq. Soci Terzi 67.56 Priolo Servizi ScpA Melilli (SR) Italy EUR 28,100,000 Versalis SpA 37.22 Eq. Eni Rewind SpA 5.65 Third parties 57.13 Ravenna Servizi Industriali ScpA Ravenna Italy EUR 5,597,400 Versalis SpA EniPower SpA 42.13 30.37 Eq. Ecofuel SpA 1.85 Third parties 25.65 Servizi Porto Marghera Scarl Venezia Marghera (VE) EUR 8,695,718 Versalis SpA Eni Rewind SpA 48.44 38.39 Eq. Third parties 13.17 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) BioBag Baltic OÜ Tallinn (Estonia) Estonia 3,846 BioBag International 35.00 Eq. Third parties 65.00 Lotte Versalis Elastomers Co Ltd (†) Yeosu (South Korea) South Korea KRW 601,800,000,000 Versalis SpA Third parties 50.00 50.00 Eq. Versalis Chem-invest Llp (†) Uralsk City (Kazakhstan) Kazakhstan KZT 64,194,000 Versalis International SA 49.00 Eq. Third parties 51.00 VPM Oilfield Specialty Chemicals Llc (†) Abu Dhabi (United Arab Emirates) United Arab Emirates AED 1,000,000 Versalis International SA 49.00 Eq. Third parties 51.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Plenitude & Power | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | PLENITUDE & POWER Plenitude IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or Eni Plenitude SpA Società Benefit San Donato Milanese (MI) Italy EUR 770,000,000 Eni SpA 100.00 100.00 F.C. Agrikroton Srl - Società Agricola Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Be Charge Srl Milan Italy EUR 500,000 Be Power SpA 100.00 100.00 F.C. Be Charge Valle d'Aosta Srl Milan Italy EUR 10,000 Be Charge Srl 100.00 100.00 F.C. Be Power SpA Milan Italy EUR 698,251 Eni Plenitude SpA SB 99.19 (a) 100.00 F.C. Third parties 0.81 Borgia Wind Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Corridonia Energia Srl Cesena (FC) Italy EUR 20,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Dynamica Srl Cesena (FC) Italy EUR 50,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Ecoener Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Elettro Sannio Wind 2 Srl Cesena (FC) Italy EUR 1,225,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Enerkall Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eni New Energy SpA San Donato Milanese (MI) Italy EUR 9,296,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Miniwind Srl (former SEF Miniwind Srl) Cesena (FC) Italy EUR 50,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Società Agricola Bio Srl (former Società Agricola SEF Bio Srl) Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar & Miniwind Italia Srl (former SEF Srl) Cesena (FC) Italy EUR 25,000 Eni New Energy SpA 100.00 100.00 F.C. Eni Plenitude Solar Abruzzo Srl (former SEF Solar Abruzzo Srl) Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar III Srl (former SEF Green Srl) Cesena (FC) Italy EUR 500 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar II Srl (former SEF Solar II Srl) Cesena (FC) Italy EUR 1,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Eni Plenitude Solar Srl (former SEF Solar Srl) Cesena (FC) Italy EUR 120,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni Plenitude SpA SB 100.00 Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or method (*) Eni Plenitude Technical Services Srl (former PLT Engineering Srl) Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eni Plenitude Wind & Energy Srl (former PLT Energia Srl) Cesena (FC) Italy EUR 3,865,474 Eni New Energy SpA 100.00 100.00 F.C. Eni Plenitude Wind 2020 Srl (former PLT Wind 2020 Srl) Cesena (FC) Italy EUR 1,000,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eni Plenitude Wind 2022 SpA (former PLT Wind 2022 SpA) Cesena (FC) Italy EUR 1,000,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eolica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Eolica Wind Power Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Eolo Energie - Corleone - Campofiorito Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Evolvere SpA Società Benefit Milan Italy EUR 1,130,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Evolvere Venture SpA Milan Italy EUR 50,000 Evolvere SpA Soc. Ben. 100.00 100.00 F.C. Faren Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar III Srl 100.00 100.00 F.C. FAS Srl Cesena (FC) Italy EUR 119,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Fotovoltaica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. FV4P Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Gemsa Solar Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. GPC Due Srl Cesena (FC) Italy EUR 12,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. GPC Uno Srl Cesena (FC) Italy EUR 25,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Green Parity Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Lugo Società Agricola Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Lugo Solar Tech Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Marano Solar Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Marano Solare Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Marcellinara Wind Srl Cesena (FC) Italy EUR 35,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Micropower Srl Cesena (FC) Italy EUR 30,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Molinetto Srl Cesena (FC) Italy EUR 10,000 Faren Srl 100.00 100.00 F.C. Montefano Energia Srl Cesena (FC) Italy EUR 20,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Monte San Giusto Solar Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Olivadi Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Parco Eolico di Tursi e Colobraro Srl Cesena (FC) Italy EUR 31,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Pescina Wind Srl Cesena (FC) Italy EUR 50,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Pieve5 Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Pollenza Sole Srl Cesena (FC) Italy EUR 32,500 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Ravenna 1 FTV Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. RF-AVIO Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. RF-Cavallerizza Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Ruggiero Wind Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. SAV - Santa Maria Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2022 100.00 100.00 F.C. Società Agricola Agricentro Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. Società Agricola Casemurate Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. Società Agricola Forestale Pianura Verde Srl Cesena (FC) Italy EUR 100,000 Soc. Agr. Agricentro Srl 100.00 100.00 F.C. Società Agricola Isola d'Agri Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Solar Srl 100.00 100.00 F.C. F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Società Agricola L'Albero Azzurro Srl Cesena (FC) Italy EUR 100,000 Soc. Agr. Agricentro Srl 100.00 100.00 F.C. Timpe Muzzunetti 2 Srl Cesena (FC) Italy EUR 2,500 Eni Plen. Wind & En. Srl 70.00 70.00 F.C. Third parties 30.00 Vivaro FTV Srl Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 100.00 100.00 F.C. VRG Wind 127 Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. VRG Wind 149 Srl Cesena (FC) Italy EUR 10,000 Eni Plen. Wind 2022 100.00 100.00 F.C. W-Energy Srl Cesena (FC) Italy EUR 93,000 Eni Plen. Wind & En. Srl 100.00 100.00 F.C. Wind Salandra Srl Cesena (FC) Italy EUR 100,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Windsol Srl Cesena (FC) Italy EUR 3,250,000 Eni Plen. Wind 2020 100.00 100.00 F.C. Wind Turbines Engineering 2 Srl Cesena (FC) Italy EUR 5,450,000 Eni Plen. Wind 2020 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana Ljubljana (Slovenia) Slovenia EUR 12,956,935 Eni Plenitude SpA SB Third parties 51.00 49.00 51.00 F.C. Aleria Solar SAS Bastia (France) France EUR 100 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Almazara Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Alpinia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Anberia Invest SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Argon SAS Argenteuil (France) France EUR 180,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Armadura Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Arm Wind Llp Astana (Kazakhstan) Kazakhstan KZT 19,069,100,000 Eni Energy Solutions BV 100.00 100.00 F.C. Athies-Samoussy Solar PV1 SAS Argenteuil (France) France EUR 68,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV2 SAS Argenteuil (France) France EUR 40,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV3 SAS Argenteuil (France) France EUR 36,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV4 SAS Argenteuil (France) France EUR 14,000 Xenon SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV5 SAS Argenteuil (France) France EUR 14,000 Xenon SAS 100.00 100.00 F.C. Atlante Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Belle Magiocche Solaire SAS Bastia (France) France EUR 10,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Boceto Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Bonete Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Brazoria Class B Member Llc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 100.00 F.C. Brazoria County Solar Project Llc Dover (USA) USA USD 1,000 Brazoria HoldCo Llc 100.00 90.69 F.C. Brazoria HoldCo Llc Dover (USA) USA USD 194,670,209 Brazoria Class B 90.69 90.69 F.C. Third parties 9.31 BT Kellam Solar Llc Austin (USA) USA USD 1,000 Kellam Tax Eq. Partn. 100.00 95.25 F.C. Camelia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Celtis Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Chapitel Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Corazon Energy Class B Llc Dover (USA) USA USD 100 Eni New Energy US Inc 100.00 100.00 F.C. Corazon Energy Llc Dover (USA) USA USD 100 Corazon Tax Eq. Part. Llc 100.00 94.03 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Corazon Energy Services Llc Dover (USA) USA USD 100 Eni New Energy US Inc 100.00 Eq. Corazon Tax Equity Partnership Llc Dover (USA) USA USD 184,488,333 Corazon En. Class B Llc 94.03 94.03 F.C. Third parties 5.97 Corlinter 5000 SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Cornisa Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Desarrollos Empresariales Illas SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Desarrollos Energéticos Riojanos SL Madrid (Spain) Spain EUR 876,042 Eni Plenitude SpA SB 60.00 100.00 F.C. Energías Amb. de Outes 40.00 Ecovent Parc Eolic SAU Madrid (Spain) Spain EUR 1,037,350 Eni Plenitude SpA SB 100.00 100.00 F.C. Ekain Renovables SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Energía Eólica Boreas SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Energías Alternativas Eólicas Riojanas SL Madrid (Spain) Spain EUR 2,008,901.71 Eni Plenitude SpA SB 57.50 100.00 F.C. Des. Energéticos Riojanos 42.50 Energías Ambientales de Outes SLU Madrid (Spain) Spain EUR 643,451.49 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Energy Solutions BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Gas & Power France SA Levallois Perret (France) France EUR 239,500,800 Eni Plenitude SpA SB 99.99 100.00 F.C. Third parties (..) Eni New Energy Australia Pty Ltd Perth (Australia) Australia AUD 4 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni New Energy Batchelor Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy Katherine Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy Manton Dam Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy US Holding Llc Dover (USA) USA USD 100 Eni New Energy US Inc 99.00 100.00 F.C. Eni New Energy US Inv.Inc 1.00 Eni New Energy US Inc Dover (USA) USA USD 100 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni New Energy US Investing Inc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 100.00 F.C. Eni Plenitude Iberia SLU Santander (Spain) Spain EUR 3,192,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Investment Colombia SAS (former PLT Colombia SAS) Bogotà (Colombia) Colombia COP 510,840,000 Eni Plen. Wind & En. Srl 51.00 51.00 F.C. Third parties 49.00 Eni Plenitude Investment Spain SL (former PLT Spagna SL) Madrid (Spain) Spain EUR 100,000 Eni Plen. Wind & En. Srl 51.00 51.00 F.C. Third parties 49.00 Eni Plenitude Operations France SAS Argenteuil (France) France EUR 1,116,489.72 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Renewables France SAS Argenteuil (France) France EUR 51,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Renewables Hellas Single Member SA Athens (Greece) Greece EUR 8,227,464 Eni Plenitude SpA SB 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Eni Plenitude Renewables Renewables Luxembourg Sàrl Luxembourg (Luxembourg) Luxembourg EUR 10,253,560 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Renewables Spain SLU Madrid (Spain) Spain EUR 6,680 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Rooftop France SAS Argenteuil (France) France EUR 40,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Technical Services Colombia SAS (former PLT Engineering Colombia SAS) Bogotà (Colombia) Colombia COP 1,000,000 Eni Plen. Tech. Serv. Srl Third parties 60.00 40.00 60.00 F.C. Eni Plenitude Technical Services Romania Srl (former PLT Engineering Romania Srl) Cluj-Napoca (Romania) Romania RON 4,400 Eni Plen. Tech. Serv. Srl Ruggiero Wind Srl 95.00 5.00 100.00 F.C. Eni Plenitude Technical Services Spain SLU (formerPLTEngineering Spagna SLU) Madrid (Spain) Spain EUR 3,000 Eni Plen. Tech. Serv. Srl 100.00 100.00 F.C. Eolica Cuellar de la Sierra SLU Madrid (Spain) Spain EUR 110,999.77 Eni Plen. Inv. Spain SL 100.00 51.00 F.C. Estanque Redondo Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Fortaleza Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Fotovoltaica Escudero SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Garita Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Gas Supply Company Thessaloniki-Thessalia SA Thessaloniki (Greece) Greece EUR 13,761,788 Eni Plenitude SpA SB 100.00 100.00 F.C. Guajillo Energy Storage Llc Dover (USA) USA USD 100 Eni New Energy US H. Llc 100.00 100.00 F.C. Guilleus Consulting SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. HLS Bonete PV SLU Madrid (Spain) Spain EUR 3,602 HLS Bonete Topco SLU 100.00 100.00 F.C. HLS Bonete Topco SLU Madrid (Spain) Spain EUR 6,602 Eni Plenitude SpA SB 100.00 100.00 F.C. Holding Lanas Solar Sàrl Argenteuil (France) France EUR 100 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Inveese SAS Bogotá (Colombia) Colombia COP 100,000,000 Eni Plen. Inv. Colombia Third parties 75.00 25.00 38.25 F.C. Ixia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Kellam Solar Class B Llc Dover (USA) USA USD 1 Eni New Energy US Inc 100.00 100.00 F.C. Kellam Tax Equity Partnership Llc Dover (USA) USA USD 41,199,357 Kellam Solar Class B 95.25 95.25 F.C. Third parties 4.75 Krypton SAS Argenteuil (France) France EUR 180,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Ladronera Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Lanas Solar SAS Argenteuil (France) France EUR 100 Holding Lanas Solar Sàrl 100.00 100.00 F.C. Maristella Directorship SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Spain SLU 100.00 100.00 F.C. Membrio Solar SLU Lodosa (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation Miburia Trade SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Olea Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren.Lux. Sàrl 100.00 100.00 F.C. Opalo Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux.Sàrl 100.00 100.00 F.C. Pistacia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux.Sàrl 100.00 100.00 F.C. POP Solar SAS Argenteuil (France) France EUR 1,000 Eni Plen. Ren. Lux.Sàrl 100.00 100.00 F.C. Punes Trade SLU Madrid (Spain) Spain EUR 13,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Renopool 1 SLU Madrid (Spain) Spain EUR 3,015 Eni Plen. Ren. Spain SLU 100.00 100.00 F.C. SKGRPV1 Single Member Private Company Athens (Greece) Greece EUR 37,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV2 Single Member Private Company Athens (Greece) Greece EUR 39,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV3 Single Member Private Company Athens (Greece) Greece EUR 37,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV4 Single Member Private Company Athens (Greece) Greece EUR 36,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV5 Single Member Private Company Athens (Greece) Greece EUR 22,600 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV6 Single Member Private Company Athens (Greece) Greece EUR 28,300 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV7 Single Member Private Company Athens (Greece) Greece EUR 66,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV8 Single Member Private Company Athens (Greece) Greece EUR 27,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV9 Single Member Private Company Athens (Greece) Greece EUR 27,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV10 Single Member Private Company Athens (Greece) Greece EUR 19,800 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV11 Single Member Private Company Athens (Greece) Greece EUR 26,300 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV12 Single Member Private Company Athens (Greece) Greece EUR 31,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV13 Single Member Private Company Athens (Greece) Greece EUR 45,100 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV14 Single Member Private Company Athens (Greece) Greece EUR 121,900 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV15 Single Member Private Company Athens (Greece) Greece EUR 39,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV16 Single Member Private Company Athens (Greece) Greece EUR 32,000 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV17 Single Member Private Company Athens (Greece) Greece EUR 50,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. SKGRPV18 Single Member Private Company Athens (Greece) Greece EUR 6,200 Eni Plen. Renew.Hellas 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation SKGRPV19Single Member Private Company Athens (Greece) Greece EUR 91,400 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV20 Single Member Private Company Athens (Greece) Greece EUR 59,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. Tantalio Renovables SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Spain SLU 100.00 100.00 F.C. Tebar Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Wind Grower SLU Ourense (Spain) Spain EUR 593,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Wind Hero SLU Ourense (Spain) Spain EUR 563,000 Eni Plen. T. S. Spain 100.00 100.00 F.C. Xenon SAS Argenteuil (France) France EUR 1,500,100 Eni Plen. Op. Fr. SAS 0.01 (a) 100.00 F.C. Third parties 99.99 Zinnia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Power IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation EniPower SpA San Donato Milanese (MI) Italy EUR 200,000,000 Eni SpA Third parties 51.00 49.00 51.00 F.C. EniPower Mantova SpA San Donato Milanese (MI) Italy EUR 144,000,000 EniPower SpA 86.50 44.12 F.C. Third parties 13.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni Plenitude Operations France SAS 100.00 |
Schedule of interests in joint arrangements and associates | PLENITUDE & POWER Plenitude IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Atis Floating Wind Srl (†) Milan Italy EUR 10,000 Eni New Energy SpA 70.00 Eq. Third parties 30.00 Bettercity SpA Bergamo Italy EUR 4,050,000 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 Evogy Srl Società Benefit Seriate (BG) Italy EUR 11,785.71 Evolvere Venture SpA 45.45 Eq. Third parties 54.55 GreenIT SpA (†) San Donato Milanese (MI) Italy EUR 50,000 Eni Plenitude SpA SB 51.00 Eq. Third parties 49.00 Hergo Renewables SpA (†) Milan Italy EUR 50,000 Eni Plenitude SpA SB 65.00 Eq. Third parties 35.00 Krimisa Floating Wind Srl (†) Milan Italy EUR 10,000 Eni New Energy SpA 70.00 Eq. Third parties 30.00 Messapia Floating Wind Srl (†) Milan Italy EUR 10,000 Eni New Energy SpA 70.00 Eq. Third parties 30.00 Renewable Dispatching Srl Milan Italy EUR 200,000 Evolvere Venture SpA 40.00 Eq. Third parties 60.00 Siel Agrisolare Srl (†) Cesena (FC) Italy EUR 10,000 Eni Plen. S&M Italia Srl 51.00 Eq. Third parties 49.00 Tate Srl Bologna Italy EUR 408,509.29 Evolvere Venture SpA 36.00 Eq. Third parties 64.00 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Bluebell Solar Class A Holdings II Llc Wilmington (USA) USA USD 82,351,634 Eni New Energy US Inc 99.00 Eq. Third parties 1.00 Clarensac Solar SAS Fuveau (France) France EUR 25,000 Eni Plen. Op. Fr. SAS 40.00 Eq. Third parties 60.00 Enera Conseil SAS (†) Clichy (France) France EUR 9,690 Eni G&P France SA 51.00 Eq. Third parties 49.00 EnerOcean SL (†) Malaga (Spain) Spain EUR 493,320 Eni Plenitude SpA SB 37.70 Eq. Third parties 62.30 Evacuación San Serván 400 SL (†) Madrid (Spain) Spain 3,000 Renopool 1 68.77 Eq. Third parties 31.23 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Guillena 400 Promotores SL (†) Seville (Spain) Spain 3,000 Almazara Solar SLU 6.99 Eq. Atlante Solar SLU 6.99 Chapitel Solar SLU 6.99 Fortaleza Solar SLU 6.99 Garita Solar SLU 6.99 Third parties 65.05 Infraestructuras San Serván SET 400 SL (†) Madrid (Spain) Spain 90,000 Renopool 1 42.31 Eq. Third parties 57.69 Instalaciones San Serván II 400 SL (†) Madrid (Spain) Spain 11,026 Renopool 1 52.38 Eq. Third parties 47.62 Novis Renewables Holdings Llc Wilmington (USA) USA USD 100 Eni New Energy US Inc 49.00 Eq. Third parties 51.00 Novis Renewables Llc (†) Wilmington (USA) USA USD 100 Eni New Energy US Inc 50.00 Eq. Third parties 50.00 Parc Tramuntana SL (†) Madrid (Spain) Spain 3,500 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 Parque Eolico Marino La Janda SL (†) Jerez de La Frontera (Spain) Spain 3,000 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 Parque Eolico Marino Nordes SL (†) Madrid (Spain) Spain 3,000 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 Parque Eolico Marino Tarahal SL (†) Las Palmas de Gran Canaria (Spain) Spain 3,000 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 POW - Polish Offshore Wind-Co Sp zoo (†) Warsaw (Poland) Poland PLN 5,000 Eni Energy Solutions BV 95.00 Eq. Third parties 5.00 Promotores Caparacena 400 SL Madrid (Spain) Spain 3,000 Ladronera Solar SLU 8.21 Eq. Boceto Solar SLU 7.30 Cornisa Solar SLU 7.30 Third parties 77.19 Tramuntana Energy LAB SL (†) Cerdanyola del Valles (Spain) Spain 3,000 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 Vårgrønn AS (†) Stavanger (Norway) Norway NOK 600,000 Eni Energy Solutions BV 65.00 Eq. Third parties 35.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. Power IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Società EniPower Ferrara Srl (†) San Donato Milanese (MI) Italy EUR 140,000,000 EniPower SpA 51.00 26.01 J.O. Third parties 49.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Corporate and Other activities | |
Disclosure of detailed information about investments | |
Schedule of interests in joint arrangements and associates | CORPORATE AND OTHER ACTIVITIES Corporate and financial companies IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Consorzio per l'attuazione del Progetto Divertor Tokamak Test DTT Scarl (†) Frascati (RM) Italy EUR 1,000,000 Eni SpA Third parties 25.00 75.00 Co. Energy Dome SpA Milan Italy EUR 182,830.21 Eni Next Llc Eq. Third parties Saipem SpA (#) (†) Milan Italy EUR 501,669,790.83 Eni SpA 31.19 (a) Eq. Saipem SpA 0.02 Third parties 68.79 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Avanti Battery Company Natick (USA) USA USD 683 Eni Next Llc Eq. Third parties Commonwealth Fusion Systems Llc Wilmington (USA) USA USD 904.64 Eni Next Llc CFS Third parties Eq. Cool Planet Technologies Ltd London (United Kingdom) United Kingdom GBP 1,000 Eni Next Llc Third parties Eq. CZero Inc Wilmington (USA) USA USD 334 Eni Next Llc Third parties Eq. Form Energy Inc Somerville (USA) USA USD 1,129 Eni Next Llc Third parties Eq. M2X Energy Inc Wilmington (USA) USA USD 99 Eni Next Llc Third parties Eq. sHYp BV PBC Wilmington (USA) USA USD 86 Eni Next Llc Third parties Eq. Swift Solar Inc Wilmington (USA) USA 740.37 Eni Next Llc Third parties Eq. Tecninco Engineering Contractors Llp (†) Aksai (Kazakhstan) Kazakhstan KZT 29,478,455 EniProgetti SpA 49.00 Eq. Third parties 51.00 Thiozen Inc Wilmington (USA) USA USD 351 Eni Next Llc Third parties Eq. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (#) Company with shares quoted on regulated market of Italy or of other EU countries. (†) Jointly controlled entity. (a) Controlling interest: Eni SpA 31.20 Third parties 68.80 Other activities IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) HEA SpA (†) Bologna Italy EUR Eni Rewind SpA 50.00 Co. Third parties 50.00 LabAnalysis Environmental Science Srl (†) San Giovanni Teatino (CH) Italy EUR Eni Rewind SpA 30.00 Eq. Third parties 70.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | CORPORATE AND OTHER ACTIVITIES Corporate and financial companies OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) New Energy One Acquisition Corporation Plc (#) London (United Kingdom) United Kingdom GBP 56,220.61 Eni International BV F.V. Third parties Other activities IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Ottana Sviluppo ScpA (in bankruptcy) Nuoro Italy EUR Eni Rewind SpA 30.00 F.V. Third parties 70.00 |
Significant accounting polici_4
Significant accounting policies, estimates and judgements - Currency (Details) | 12 Months Ended | ||||||||||||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 GBP (£) AUD ($) | Dec. 31, 2023 GBP (£) USD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 GBP (£) AUD ($) | Dec. 31, 2022 GBP (£) USD ($) | Dec. 31, 2021 GBP (£) | Dec. 31, 2021 GBP (£) AUD ($) | Dec. 31, 2021 GBP (£) USD ($) | Dec. 31, 2023 AUD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 AUD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 AUD ($) | Dec. 31, 2021 USD ($) | |
Significant accounting policies, estimates and judgements | |||||||||||||||
Annual average exchange rate | 0.87 | 1.63 | 1.08 | 0.85 | 1.52 | 1.05 | 0.86 | 1.57 | 1.18 | ||||||
Exchange rate | 0.87 | 0.87 | 0.87 | 0.89 | 0.89 | 0.89 | 0.84 | 0.84 | 0.84 | 1.63 | 1.11 | 1.57 | 1.07 | 1.56 | 1.13 |
Significant accounting polici_5
Significant accounting policies, estimates and judgements - Additional information (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Significant accounting policies, estimates and judgements | |
Period of capitalisation of costs directly associated with exploration well after drilling is completed | 12 months |
Number of days past due for financial asset to be considered in default | 180 days |
IFRSs not yet effective - carry
IFRSs not yet effective - carrying amount of the net assets (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Change in classification | |||
Cash and cash equivalents | € 10,193 | € 10,155 | |
Other current assets | 5,637 | 12,821 | |
Property, plant and equipment | 56,299 | 56,332 | € 56,299 |
Other non-current assets | 3,393 | 2,236 | |
Non-current assets | 93,292 | 90,269 | |
TOTAL ASSETS | 142,606 | 152,130 | |
Current financial liabilities | 8,141 | 8,427 | |
Other current liabilities | 5,579 | 12,473 | |
Non-current financial liabilities | 25,924 | 23,441 | |
Other non-current liabilities | 4,096 | 3,234 | |
Non-current liabilities | 51,041 | 48,075 | |
TOTAL LIABILITIES | € 88,962 | € 96,900 |
Business combinations and oth_3
Business combinations and other significant transactions - Balance sheet values at the acquisition date of the business combinations (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Business combinations and other significant transactions | |||
Cash and cash equivalents | € 155 | ||
Other current assets | 408 | € 147 | |
Current assets | 563 | ||
Property, plant and equipment | 1,075 | ||
Goodwill | 25 | 482 | € 1,574 |
Deferred tax assets | 36 | ||
Other non-current assets | 874 | ||
Non-current assets | 2,010 | ||
TOTAL ASSETS | 2,573 | ||
Current financial liabilities | 104 | ||
Other current liabilities | 318 | ||
Current liabilities | 422 | ||
Non-current financial liabilities | 142 | ||
Provisions | 88 | ||
Deferred tax liabilities | 208 | ||
Other non-current liabilities | 8 | ||
Non-current liabilities | 446 | ||
TOTAL LIABILITIES | 868 | ||
Equity attributable to Eni | 1,703 | ||
Non-controlling interest | 2 | € 15 | |
TOTAL EQUITY | 1,705 | ||
TOTAL LIABILITIES AND EQUITY | 2,573 | ||
Plenitude business line | |||
Business combinations and other significant transactions | |||
Cash and cash equivalents | 29 | ||
Other current assets | 5 | ||
Current assets | 34 | ||
Property, plant and equipment | 168 | ||
Goodwill | 6 | ||
Deferred tax assets | 3 | ||
Other non-current assets | 259 | ||
Non-current assets | 436 | ||
TOTAL ASSETS | 470 | ||
Current financial liabilities | 1 | ||
Other current liabilities | 9 | ||
Current liabilities | 10 | ||
Non-current financial liabilities | 32 | ||
Provisions | 2 | ||
Deferred tax liabilities | 13 | ||
Other non-current liabilities | 3 | ||
Non-current liabilities | 50 | ||
TOTAL LIABILITIES | 60 | ||
Equity attributable to Eni | 408 | ||
Non-controlling interest | 2 | ||
TOTAL EQUITY | 410 | ||
TOTAL LIABILITIES AND EQUITY | 470 | ||
Exploration & Production segment | |||
Business combinations and other significant transactions | |||
Cash and cash equivalents | 122 | ||
Other current assets | 208 | ||
Current assets | 330 | ||
Property, plant and equipment | 652 | ||
Other non-current assets | 91 | ||
Non-current assets | 743 | ||
TOTAL ASSETS | 1,073 | ||
Other current liabilities | 125 | ||
Current liabilities | 125 | ||
Non-current financial liabilities | 2 | ||
Provisions | 86 | ||
Deferred tax liabilities | 195 | ||
Other non-current liabilities | 1 | ||
Non-current liabilities | 284 | ||
TOTAL LIABILITIES | 409 | ||
Equity attributable to Eni | 664 | ||
TOTAL EQUITY | 664 | ||
TOTAL LIABILITIES AND EQUITY | 1,073 | ||
Chemicals business line | |||
Business combinations and other significant transactions | |||
Cash and cash equivalents | 4 | ||
Other current assets | 195 | ||
Current assets | 199 | ||
Property, plant and equipment | 255 | ||
Goodwill | 19 | ||
Deferred tax assets | 33 | ||
Other non-current assets | 524 | ||
Non-current assets | 831 | ||
TOTAL ASSETS | 1,030 | ||
Current financial liabilities | 103 | ||
Other current liabilities | 184 | ||
Current liabilities | 287 | ||
Non-current financial liabilities | 108 | ||
Other non-current liabilities | 4 | ||
Non-current liabilities | 112 | ||
TOTAL LIABILITIES | 399 | ||
Equity attributable to Eni | 631 | ||
TOTAL EQUITY | 631 | ||
TOTAL LIABILITIES AND EQUITY | € 1,030 |
Business combinations and oth_4
Business combinations and other significant transactions - Balance sheet values of the divestments (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Business combinations and other significant transactions | ||
Cash and cash equivalents | € 25 | € 70 |
Current financial assets | 155 | |
Other current assets | 130 | |
Current assets | 310 | |
Property, plant and equipment | 8 | |
Deferred tax assets | 8 | |
Other Non Current Assets Derecognised as of Disposal Date | 137 | |
Non-current assets | 153 | € 8,618 |
TOTAL ASSETS | 463 | |
Other current liabilities | 112 | |
Current liabilities | 112 | |
Other non-current liabilities | 12 | |
Non-current liabilities | 12 | |
TOTAL LIABILITIES | 124 | |
Equity attributable to Eni | 339 | |
TOTAL EQUITY | 339 | |
TOTAL LIABILITIES AND EQUITY | 463 | |
EniCorridor Srl (now SeaCorridor Srl) | ||
Business combinations and other significant transactions | ||
Cash and cash equivalents | 25 | |
Current financial assets | 147 | |
Other current assets | 130 | |
Current assets | 302 | |
Property, plant and equipment | 8 | |
Deferred tax assets | 8 | |
Other Non Current Assets Derecognised as of Disposal Date | 137 | |
Non-current assets | 153 | |
TOTAL ASSETS | 455 | |
Other current liabilities | 112 | |
Current liabilities | 112 | |
Other non-current liabilities | 12 | |
Non-current liabilities | 12 | |
TOTAL LIABILITIES | 124 | |
Equity attributable to Eni | 331 | |
TOTAL EQUITY | 331 | |
TOTAL LIABILITIES AND EQUITY | 455 | |
Exploration activities in Gabon | ||
Business combinations and other significant transactions | ||
Current financial assets | 8 | |
Current assets | 8 | |
TOTAL ASSETS | 8 | |
Equity attributable to Eni | 8 | |
TOTAL EQUITY | 8 | |
TOTAL LIABILITIES AND EQUITY | € 8 |
Business combinations and oth_5
Business combinations and other significant transactions - Acquisitions - Additional Information (Details) € in Millions | 12 Months Ended | |||||||||||||
Dec. 30, 2023 NUMBER GW | Dec. 13, 2023 EUR (€) NUMBER MW | Oct. 23, 2023 EUR (€) MW | Oct. 18, 2023 EUR (€) | Oct. 05, 2023 EUR (€) NUMBER MW | Oct. 02, 2023 EUR (€) | Jun. 21, 2023 EUR (€) NUMBER MW | May 11, 2023 EUR (€) NUMBER MW | Feb. 28, 2023 EUR (€) NUMBER | Feb. 09, 2023 EUR (€) MW | Jan. 30, 2023 EUR (€) MW | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | |
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 1,432 | € 1,667 | ||||||||||||
Cash and cash equivalents | 155 | |||||||||||||
Goodwill | 25 | 482 | € 1,574 | |||||||||||
Net financial liabilities | 91 | |||||||||||||
Fair value of investments held before the acquisition of control | € (271) | (21) | ||||||||||||
Kellam photovoltaic plant | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, existing or in advanced development | MW | 81 | |||||||||||||
Consideration | € 37 | |||||||||||||
Cash and cash equivalents | 1 | |||||||||||||
Net financial liabilities | € 2 | |||||||||||||
Maristella Directorship SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 5 | |||||||||||||
Maristella Directorship SLU | Plenitude business line | Maximum | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, existing or in advanced development | MW | 90 | |||||||||||||
Wind Hero SLU and Wind Grower SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 8 | |||||||||||||
Number of companies acquired | NUMBER | 2 | |||||||||||||
Number of solar energy projects to be constructed | NUMBER | 2 | |||||||||||||
Consideration paid | 4 | |||||||||||||
Wind Hero SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, projected | MW | 50 | |||||||||||||
Wind Grower SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, projected | MW | 50 | |||||||||||||
HLS Bonete PV SLU and HLS Bonete Topco SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 118 | |||||||||||||
Cash and cash equivalents | € 22 | |||||||||||||
Number of companies acquired | NUMBER | 2 | |||||||||||||
Number of photovoltaic plants owned | NUMBER | 2 | |||||||||||||
Goodwill | € 6 | |||||||||||||
HLS Bonete PV SLU and HLS Bonete Topco SLU | Plenitude business line | Maximum | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, existing or in advanced development | MW | 96 | |||||||||||||
Boceto Solar SLU, Cornisa Solar SLU e Ladronera Solar SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 25 | |||||||||||||
Number of companies acquired | NUMBER | 3 | |||||||||||||
Power generating capacity, projected | MW | 150 | |||||||||||||
Cash consideration | € 4 | |||||||||||||
Renopool 1 SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 100 | |||||||||||||
Cash and cash equivalents | € 6 | |||||||||||||
Power generating capacity, projected | MW | 330 | |||||||||||||
Net financial liabilities | € 20 | |||||||||||||
Armadura Solar SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, existing or in advanced development | MW | 250 | |||||||||||||
Consideration paid | € 19 | |||||||||||||
Cash consideration | € 24 | |||||||||||||
Almazara Solar SLU, Atlante Solar SLU, Chapitel Solar SLU, Fortaleza Solar SLU and Garita Solar SLU | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Number of companies acquired | NUMBER | 5 | |||||||||||||
Power generating capacity, projected | MW | 230 | |||||||||||||
Consideration paid | € 21 | |||||||||||||
Cash consideration | € 26 | |||||||||||||
EDP Renováveis SA (“EDPR”) | Eni New Energy US Inc | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Power generating capacity, existing or in advanced development | GW | 0.38 | |||||||||||||
Number of photovoltaic plants owned | NUMBER | 3 | |||||||||||||
Percentage of businesses acquired | 80% | |||||||||||||
BP business | Algeria | Exploration & Production | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 476 | |||||||||||||
Number of gas-producing concessions acquired | NUMBER | 2 | |||||||||||||
Unproved Property plant and equipment | € 40 | |||||||||||||
Proved property plant and equipment | € 508 | |||||||||||||
Chevron and operatorship in Ganal PSC and Rapak PSC and Makassar Straits PSC | Exploration & Production | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 188 | |||||||||||||
Cash and cash equivalents | 122 | |||||||||||||
Net financial liabilities | 120 | |||||||||||||
Unproved Property plant and equipment | 91 | |||||||||||||
Proved property plant and equipment | € 13 | |||||||||||||
Percentage of interest in project | 20% | |||||||||||||
Ganal PSC | Exploration & Production | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Equity interest acquired (as a percent) | 62% | |||||||||||||
Rapak PSC | Exploration & Production | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Equity interest acquired (as a percent) | 62% | |||||||||||||
Makassar Straits PSC | Exploration & Production | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Equity interest acquired (as a percent) | 72% | |||||||||||||
Novamont group | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Proportion of ownership interest in joint operation | 36% | |||||||||||||
Novamont group | Chemicals business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 404 | |||||||||||||
Cash and cash equivalents | 4 | |||||||||||||
Goodwill | 19 | |||||||||||||
Net financial liabilities | € 207 | |||||||||||||
Equity interest acquired (as a percent) | 64% | |||||||||||||
Fair value of investments held before the acquisition of control | € (227) | |||||||||||||
Novamont group | Versalis SpA | Chemicals business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Proportion of ownership interest in joint operation | 36% | |||||||||||||
Other Acquisitions And Businesses | Plenitude business line | ||||||||||||||
Business combinations and other significant transactions | ||||||||||||||
Consideration | € 21 |
Business combinations and oth_6
Business combinations and other significant transactions - Divestments - Additional Information (Details) € in Millions | 12 Months Ended | ||||
Sep. 19, 2023 EUR (€) | Jan. 10, 2023 EUR (€) NUMBER | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | |
Business combinations and other significant transactions | |||||
Cash consideration | € 420 | ||||
Acquisition of interests in joint ventures | 580 | ||||
Net financial liabilities | (180) | € 2,085 | |||
Cash and cash equivalents | 25 | 70 | |||
Capital gain realized from the sale of investments | 430 | € 483 | € 1 | ||
EniCorridor Srl (now SeaCorridor Srl) | |||||
Business combinations and other significant transactions | |||||
Acquisition of interests in joint ventures | € 580 | ||||
Cash and cash equivalents | € 25 | ||||
Proportion of ownership interest in joint venture (as a percent) | 50.10% | ||||
Capital gains from the fair value measurement of the business combination | € 414 | ||||
EniCorridor Srl (now SeaCorridor Srl) | Snam Group | |||||
Business combinations and other significant transactions | |||||
Cash and cash equivalents | € 25 | ||||
Equity interest disposed (as a percent) | 49.90% | 49.90% | |||
Number of operating groups of international gas pipelines | NUMBER | 2 | ||||
Net assets and liabilities derecognized | € 331 | ||||
Net financial assets | 172 | ||||
Capital gain realized from the sale of investments | 420 | ||||
Realized exchange differences on translation from the disposal of investments | € 7 | ||||
Exploration activities in Gabon | |||||
Business combinations and other significant transactions | |||||
Net financial assets | € 8 | ||||
Capital gain realized from the sale of investments | € 7 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Cash and cash equivalents | ||
Cash and cash equivalents | € 10,193 | € 10,155 |
Financial assets, classified as cash equivalents | 6,462 | 6,804 |
Restricted cash | 205 | € 97 |
US Dollars | ||
Cash and cash equivalents | ||
Cash and cash equivalents | 7,328 | |
Financial assets, classified as cash equivalents | 5,275 | |
Euro | ||
Cash and cash equivalents | ||
Cash and cash equivalents | 1,945 | |
Financial assets, classified as cash equivalents | € 598 |
Cash and cash equivalents (De_2
Cash and cash equivalents (Details 2) | 12 Months Ended |
Dec. 31, 2023 | |
US Dollars | |
Cash and cash equivalents | |
Average maturity period | 12 days |
Effective interest rate | 5.48% |
Euro | |
Cash and cash equivalents | |
Average maturity period | 55 days |
Effective interest rate | 3.87% |
Financial assets at fair valu_3
Financial assets at fair value through profit or loss (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 6,446 | € 6,487 |
Financial assets at fair value through profit or loss | 6,782 | 8,251 |
Bonds issued by sovereign states | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 1,250 | 1,244 |
Other | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 5,196 | 5,243 |
Other financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | € 336 | € 1,764 |
Financial assets at fair valu_4
Financial assets at fair value through profit or loss - Breakdown by currency (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 6,446 | € 6,487 |
Financial assets at fair value through profit or loss | 6,782 | 8,251 |
Euro | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 3,766 | 3,599 |
U.S. dollars | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 2,680 | 2,885 |
Other Currency [Member] | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 3 | |
Other financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | 336 | 1,764 |
Other financial assets at fair value through profit or loss | Euro | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | 200 | 1,201 |
Other financial assets at fair value through profit or loss | U.S. dollars | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | € 136 | € 563 |
Financial assets at fair valu_5
Financial assets at fair value through profit or loss - Breakdown by issuing entity and credit rating (Details) € in Millions | 12 Months Ended |
Dec. 31, 2023 EUR (€) | |
Financial assets at fair value through profit or loss | |
Financial assets at fair value through profit or loss | |
Nominal value | € 7,082 |
Fair value | 6,782 |
Financial assets held for trading | |
Financial assets at fair value through profit or loss | |
Nominal value | 6,732 |
Fair value | 6,446 |
Financial assets held for trading | Quoted bonds issued by sovereign states | |
Financial assets at fair value through profit or loss | |
Nominal value | 1,321 |
Fair value | 1,250 |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | |
Financial assets at fair value through profit or loss | |
Nominal value | 1,166 |
Fair value | 1,092 |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Italy | |
Financial assets at fair value through profit or loss | |
Nominal value | 178 |
Fair value | € 180 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | United States of America | |
Financial assets at fair value through profit or loss | |
Nominal value | € 603 |
Fair value | € 536 |
Rating - Moody's | Aaa |
Rating - S&P | AA+ |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Spain | |
Financial assets at fair value through profit or loss | |
Nominal value | € 166 |
Fair value | € 170 |
Rating - Moody's | Baa1 |
Rating - S&P | A |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Canada | |
Financial assets at fair value through profit or loss | |
Nominal value | € 65 |
Fair value | € 59 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | France | |
Financial assets at fair value through profit or loss | |
Nominal value | € 58 |
Fair value | € 58 |
Rating - Moody's | Aa2 |
Rating - S&P | AA |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Other | |
Financial assets at fair value through profit or loss | |
Nominal value | € 96 |
Fair value | € 89 |
Rating - Moody's | from Aaa to A3 |
Rating - S&P | from AAA to A |
Financial assets held for trading | Quoted bonds issued by sovereign states | Floating rate | |
Financial assets at fair value through profit or loss | |
Nominal value | € 155 |
Fair value | 158 |
Financial assets held for trading | Quoted bonds issued by sovereign states | Floating rate | Italy | |
Financial assets at fair value through profit or loss | |
Nominal value | 155 |
Fair value | € 158 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Financial assets held for trading | Other Bonds | |
Financial assets at fair value through profit or loss | |
Nominal value | € 5,411 |
Fair value | 5,196 |
Financial assets held for trading | Other Bonds | Fixed rate | |
Financial assets at fair value through profit or loss | |
Nominal value | 3,837 |
Fair value | 3,680 |
Financial assets held for trading | Other Bonds | Fixed rate | Quoted bonds issued by financial and insurance companies | |
Financial assets at fair value through profit or loss | |
Nominal value | 819 |
Fair value | € 788 |
Rating - Moody's | from Aaa to Baa3 |
Rating - S&P | from AAA to BBB- |
Financial assets held for trading | Other Bonds | Fixed rate | Quoted bonds issued by industrial companies | |
Financial assets at fair value through profit or loss | |
Nominal value | € 1,995 |
Fair value | € 1,885 |
Rating - Moody's | from Aaa to Baa2 |
Rating - S&P | from AAA to BBB |
Financial assets held for trading | Other Bonds | Fixed rate | Other bond | |
Financial assets at fair value through profit or loss | |
Nominal value | € 1,023 |
Fair value | € 1,007 |
Rating - Moody's | from Aaa to Baa3 |
Rating - S&P | from AAA to BBB- |
Financial assets held for trading | Other Bonds | Floating rate | |
Financial assets at fair value through profit or loss | |
Nominal value | € 1,574 |
Fair value | 1,516 |
Financial assets held for trading | Other Bonds | Floating rate | Quoted bonds issued by financial and insurance companies | |
Financial assets at fair value through profit or loss | |
Nominal value | 629 |
Fair value | € 616 |
Rating - Moody's | from Aaa to Baa2 |
Rating - S&P | from AAA to BBB- |
Financial assets held for trading | Other Bonds | Floating rate | Quoted bonds issued by industrial companies | |
Financial assets at fair value through profit or loss | |
Nominal value | € 469 |
Fair value | € 452 |
Rating - Moody's | from Aa2 to Baa3 |
Rating - S&P | from AA to BBB- |
Financial assets held for trading | Other Bonds | Floating rate | Other bond | |
Financial assets at fair value through profit or loss | |
Nominal value | € 476 |
Fair value | € 448 |
Rating - Moody's | from Aaa to Baa2 |
Rating - S&P | from AAA to BBB |
Other financial assets at fair value through profit or loss | |
Financial assets at fair value through profit or loss | |
Nominal value | € 350 |
Fair value | € 336 |
Rating - S&P | from AAAm to BBB |
Financial assets at fair valu_6
Financial assets at fair value through profit or loss - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 6,446 | € 6,487 |
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Fair value | 6,782 | |
Financial assets at fair value through profit or loss | Level 1 | ||
Financial assets at fair value through profit or loss | ||
Fair value | 5,106 | |
Financial assets at fair value through profit or loss | Level 2 | ||
Financial assets at fair value through profit or loss | ||
Fair value | 1,340 | |
Financial assets held for trading | ||
Financial assets at fair value through profit or loss | ||
Fair value | 6,446 | |
Financial assets held for trading | Quoted bonds issued by sovereign states | ||
Financial assets at fair value through profit or loss | ||
Fair value | 1,250 | |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | ||
Financial assets at fair value through profit or loss | ||
Fair value | 1,092 | |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Other | ||
Financial assets at fair value through profit or loss | ||
Fair value | 89 | |
Individual amount limit to be included in other related parties | 50 | |
Securities lending | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 1,288 | € 1,090 |
Trade and other receivables - A
Trade and other receivables - Analysis (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and other receivables | ||
Trade receivables | € 13,184 | € 16,556 |
Receivables from joint ventures in exploration and production activities | 1,365 | 1,645 |
Receivables from divestments | 200 | 301 |
Other receivables | 1,802 | 2,338 |
Total trade and other receivables, net of allowance for doubtful accounts | € 16,551 | € 20,840 |
Trade and other receivables - R
Trade and other receivables - Risk exposure and expected losses (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and other receivables | ||
Trade and other current receivables | € 16,551 | € 20,840 |
Expected loss (% net of counterpart risk mitigation factors) | 12.40% | 12.40% |
Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 18,889 | € 23,794 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,338) | (2,954) |
Performing receivables | Low risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 4,876 | € 6,680 |
Expected loss (% net of counterpart risk mitigation factors) | 0.40% | 0.40% |
Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 4,895 | € 6,703 |
Performing receivables | Low risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (19) | (23) |
Performing receivables | Medium Risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 6,481 | € 9,378 |
Expected loss (% net of counterpart risk mitigation factors) | 1.10% | 1.80% |
Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 6,553 | € 9,547 |
Performing receivables | Medium Risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (72) | (169) |
Performing receivables | High Risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 486 | € 376 |
Expected loss (% net of counterpart risk mitigation factors) | 4.50% | 3.80% |
Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 509 | € 391 |
Performing receivables | High Risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (23) | (15) |
Defaulted receivables | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,269 | € 1,777 |
Expected loss (% net of counterpart risk mitigation factors) | 42.40% | 55% |
Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 3,937 | € 3,953 |
Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (1,668) | (2,176) |
Plenitude customers | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,439 | € 2,629 |
Expected loss (% net of counterpart risk mitigation factors) | 18.60% | 17.80% |
Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,995 | € 3,200 |
Plenitude customers | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (556) | (571) |
Business customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 10,120 | 14,746 |
Business customers | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 3,577 | 4,815 |
Business customers | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 5,303 | 7,970 |
Business customers | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 331 | 378 |
Business customers | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 909 | 1,583 |
National Oil Companies and Public Administrations | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 3,455 | 3,315 |
National Oil Companies and Public Administrations | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 215 | 215 |
National Oil Companies and Public Administrations | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 634 | 852 |
National Oil Companies and Public Administrations | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 168 | |
National Oil Companies and Public Administrations | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 2,438 | 2,248 |
Other counterparties | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 5,314 | 5,733 |
Other counterparties | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1,103 | 1,673 |
Other counterparties | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 616 | 725 |
Other counterparties | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 10 | 13 |
Other counterparties | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 590 | 122 |
Other counterparties | Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,995 | € 3,200 |
Trade and other receivables - P
Trade and other receivables - Provision matrix (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and other receivables | ||
Trade and other receivables | € 16,551 | € 20,840 |
Expected credit loss rate (as a percent) | 12.40% | 12.40% |
Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | € 18,889 | € 23,794 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other receivables | (2,338) | (2,954) |
Plenitude customers | ||
Trade and other receivables | ||
Trade and other receivables | € 2,439 | € 2,629 |
Expected credit loss rate (as a percent) | 18.60% | 17.80% |
Plenitude customers | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | € 2,270 | € 2,518 |
Expected credit loss rate (as a percent) | 3.10% | 3.20% |
Plenitude customers | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | € 110 | € 77 |
Expected credit loss rate (as a percent) | 26.70% | 28.70% |
Plenitude customers | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | € 15 | € 20 |
Expected credit loss rate (as a percent) | 71.70% | 60.80% |
Plenitude customers | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 32 | € 8 |
Expected credit loss rate (as a percent) | 70.40% | 89.20% |
Plenitude customers | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 12 | € 6 |
Expected credit loss rate (as a percent) | 96.50% | 98.40% |
Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | € 2,995 | € 3,200 |
Plenitude customers | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 2,342 | 2,601 |
Plenitude customers | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 150 | 108 |
Plenitude customers | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 53 | 51 |
Plenitude customers | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 108 | 74 |
Plenitude customers | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 342 | 366 |
Plenitude customers | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other receivables | (556) | (571) |
Plenitude customers | Accumulated impairment | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | (72) | (83) |
Plenitude customers | Accumulated impairment | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | (40) | (31) |
Plenitude customers | Accumulated impairment | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | (38) | (31) |
Plenitude customers | Accumulated impairment | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | (76) | (66) |
Plenitude customers | Accumulated impairment | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | (330) | (360) |
Plenitude customers | Retail customer | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 1,929 | 1,883 |
Plenitude customers | Retail customer | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 1,477 | 1,508 |
Plenitude customers | Retail customer | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 107 | 74 |
Plenitude customers | Retail customer | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 45 | 35 |
Plenitude customers | Retail customer | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 93 | 63 |
Plenitude customers | Retail customer | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 207 | 203 |
Plenitude customers | Middle customer | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 907 | 870 |
Plenitude customers | Middle customer | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 716 | 657 |
Plenitude customers | Middle customer | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 39 | 33 |
Plenitude customers | Middle customer | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 7 | 11 |
Plenitude customers | Middle customer | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 11 | 7 |
Plenitude customers | Middle customer | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 134 | 162 |
Plenitude customers | Other customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 159 | 447 |
Plenitude customers | Other customers | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 149 | 436 |
Plenitude customers | Other customers | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 4 | 1 |
Plenitude customers | Other customers | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 1 | 5 |
Plenitude customers | Other customers | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 4 | 4 |
Plenitude customers | Other customers | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 1 | € 1 |
Trade and other receivables - V
Trade and other receivables - Valuation allowance for doubtful accounts (Details) - Trade and other receivables - Accumulated impairment - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Trade and other receivables | ||
Financial assets at beginning of period | € 2,954 | € 3,313 |
Utilizations | (625) | |
Other changes | (493) | 17 |
Financial assets at end of period | 2,338 | 2,954 |
Performing receivables | ||
Trade and other receivables | ||
Additions | 160 | 166 |
Utilizations | (140) | (37) |
Defaulted receivables | ||
Trade and other receivables | ||
Additions | 342 | 253 |
Utilizations | € (485) | € (758) |
Trade and other receivables - N
Trade and other receivables - Net (impairment losses) reversals (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net (impairments) reversals of trade and other receivables | |||
New provisions | € (502) | € (419) | € (550) |
Net credit losses | (98) | (81) | (66) |
Reversals | 351 | 547 | 337 |
Net (impairments) reversals of trade and other receivables | € (249) | € 47 | € (279) |
Trade and other receivables -_2
Trade and other receivables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Trade and other receivables | ||
Decrease In trade receivables | € 3,372 | |
Receivables divested without recourse | 1,745 | € 2,212 |
Receivables from joint ventures in exploration and production activities | 1,365 | 1,645 |
Other receivables | 1,802 | 2,338 |
Trade and other current receivables | 16,551 | 20,840 |
Counterparty risk mitigation | 3,493 | 5,744 |
Receivables from natural gas and electricity distributors | 309 | |
Prepayments for services and suppliers | 358 | 278 |
Receivables from factoring companies | 6 | 193 |
Miscellaneous current receivables from other counterparties | 753 | |
Net trade receivables | 13,184 | 16,556 |
Gas take-or-pay contracts | ||
Trade and other receivables | ||
Other receivables | 231 | 239 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,338) | (2,954) |
Financial assets past due but not impaired | Acciaierie d'Italia (ex-ILVA) | Gas take-or-pay contracts | ||
Trade and other receivables | ||
Trade and other current receivables | 75 | 373 |
Defaulted receivables | ||
Trade and other receivables | ||
Trade and other current receivables | 2,269 | 1,777 |
Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (1,668) | (2,176) |
US Dollars | ||
Trade and other receivables | ||
Trade and other current receivables | 6,041 | |
Euro | ||
Trade and other receivables | ||
Trade and other current receivables | 9,915 | |
Nigeria | NAOC Ltd | Assets held for sale | ||
Trade and other receivables | ||
Receivables from joint ventures in exploration and production activities | 236 | |
Egyptian state oil companies | ||
Trade and other receivables | ||
Net trade receivables | 1,156 | |
Nigerian National Oil Company | Nigeria | NAOC Ltd | Assets held for sale | ||
Trade and other receivables | ||
Receivables from joint ventures in exploration and production activities | 472 | 475 |
PDVSA | Venezuela | ||
Trade and other receivables | ||
Other receivables | 600 | 566 |
Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | (625) | |
Increase (decrease) through other movements, financial assets | 493 | (17) |
Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 160 | 166 |
Utilizations | (140) | (37) |
Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 342 | 253 |
Utilizations | (485) | (758) |
Trade and other receivables | NAOC Ltd | Assets held for sale | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Increase (decrease) through other movements, financial assets | 662 | |
Global Gas & LNG Portfolio | ||
Trade and other receivables | ||
Decrease In trade receivables | 3,889 | |
Receivables divested without recourse | 297 | |
Global Gas & LNG Portfolio | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | 160 | |
Global Gas & LNG Portfolio | Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 23 | 70 |
Plenitude & Power | ||
Trade and other receivables | ||
Decrease In trade receivables | 267 | |
Receivables divested without recourse | 157 | |
Plenitude & Power | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | 182 | |
Utilizations against charges | 126 | |
Plenitude & Power | Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 78 | 61 |
Plenitude & Power | Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 90 | 99 |
Exploration & Production | ||
Trade and other receivables | ||
Decrease In trade receivables | 620 | |
Exploration & Production | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | 90 | |
Utilizations against charges | 59 | |
Exploration & Production | Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 238 | € 122 |
Enilive, Refining and Chemicals [member] | ||
Trade and other receivables | ||
Decrease In trade receivables | 103 | |
Receivables divested without recourse | € 1,291 |
Trade and other receivables -_3
Trade and other receivables - Additional information (Details 2) - MMBbls | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Trade and other receivables | ||
Expected credit loss rate (as a percent) | 12.40% | 12.40% |
Maximum | ||
Trade and other receivables | ||
Receivables, payment terms | 180 days | |
Defaulted receivables | ||
Trade and other receivables | ||
Expected credit loss rate (as a percent) | 42.40% | 55% |
Nigeria | Defaulted receivables | Assets held for sale | NAOC Ltd | ||
Trade and other receivables | ||
Percentage of net receivables accrued for unpaid cash calls (as a percent) | 85% | |
PDVSA | Venezuela | ||
Trade and other receivables | ||
Number of shareholders who purchased the receivables | 2 | |
Crude oil volume capacity (in volumes) | 5.6 |
Current and non-current inven_3
Current and non-current inventories (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Current and non-current inventories | ||
Raw and auxiliary materials and consumables | € 1,292 | € 1,228 |
Components and spare parts for drilling operations, plans and equipment | 1,628 | 1,515 |
Semi-finished, finished products and goods | 3,260 | 4,962 |
Other | 6 | 4 |
Current inventories | € 6,186 | € 7,709 |
Current and non-current inven_4
Current and non-current inventories - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Current and non-current inventories | ||
Materials and supplies | € 1,628 | € 1,515 |
Semi-finished, finished products and goods | 3,260 | 4,962 |
Inventories | 6,186 | 7,709 |
Inventories held for compliance purposes | 1,576 | 1,786 |
Accumulated impairment | ||
Current and non-current inventories | ||
Inventories | 583 | 672 |
Natural gas and oil products | ||
Current and non-current inventories | ||
Semi-finished, finished products and goods | 2,376 | 3,818 |
Chemical products | ||
Current and non-current inventories | ||
Semi-finished, finished products and goods | 666 | 790 |
Oil and petroleum | ||
Current and non-current inventories | ||
Inventories held for compliance purposes | 1,555 | 1,764 |
Exploration & Production | ||
Current and non-current inventories | ||
Materials and supplies | € 1,490 | € 1,387 |
Income tax receivables and pa_3
Income tax receivables and payables (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Income tax receivables and payables | ||
Income tax receivables, Current | € 460 | € 317 |
Income taxes receivables, Non current | 142 | 114 |
Income tax payables, Current | 1,685 | 2,108 |
Income tax payables, Non current | € 38 | € 253 |
Income tax receivables and pa_4
Income tax receivables and payables - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Income tax receivables and payables | ||
Current income tax payables for regulatory provisions | € 455 | |
Pending litigation with tax authorities | € 33 | € 206 |
Other assets and liabilities (D
Other assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Other assets and liabilities | ||
Fair value of derivative financial instruments, current assets | € 3,323 | € 11,076 |
Other taxes, current assets | 915 | 807 |
Other assets, current | 1,399 | 938 |
Other current assets, total | 5,637 | 12,821 |
Fair value of derivative financial instruments, non-current assets | 46 | 129 |
Other taxes, non-current assets | 137 | 157 |
Other assets, non-current | 3,210 | 1,950 |
Other non-current assets, total | 3,393 | 2,236 |
Fair value of derivatives financial instruments, current liabilities | 2,414 | 9,042 |
Contract liabilities, current | 437 | 1,145 |
Other taxes, current liabilities | 1,811 | 1,463 |
Other liabilities, current | 917 | 823 |
Other current liabilities, total | 5,579 | 12,473 |
Fair value of derivatives financial instruments, non-current liabilities | 153 | 286 |
Contract liabilities, non-current | 691 | 706 |
Other taxes, non-current liabilities | 16 | 34 |
Other liabilities, non-current | 3,236 | 2,208 |
Other non-current liabilities, total | € 4,096 | € 3,234 |
Other assets and liabilities -
Other assets and liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Value added tax receivables | € 755 | € 569 |
Current value added tax receivables | 637 | 432 |
Gas volume prepayments, current | 41 | |
Gas volume prepayments, non-current | 307 | 357 |
Non-current receivables for investing activities | 205 | 23 |
Current advances received | 56 | 58 |
Non-current advances received | 275 | 333 |
Advances received | 469 | 430 |
Excise duties and consumer taxes | 1,034 | 613 |
Current value added tax payables | 326 | 332 |
Non-current cautionary deposits | 286 | 305 |
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 391 | 443 |
Payables related to investing activities | 101 | 83 |
Current tax credits related to renovation of residential buildings and energy saving | 812 | 366 |
Non-current tax credits related to renovation of residential buildings and energy saving | 2,247 | 903 |
Advances received from customers for future gas supplies | 10 | 538 |
Prepaid electronic fuel vouchers | 292 | 338 |
Current liabilities for prepaid revenues and income | 134 | 104 |
Non-current payables to factoring companies connected with the tax credit transfer | 2,040 | 758 |
within 1 year | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 131 | 85 |
Gas and electricity | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Non-current cautionary deposits | 213 | 222 |
Exploration & Production | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Underlifting positions | 295 | 239 |
Current overlifting imbalances | € 312 | € 479 |
Property, plant and equipment_2
Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | € 56,332 | € 56,299 |
Additions | 8,739 | 7,700 |
Depreciation capitalized | 205 | 190 |
Depreciation | (6,356) | (6,072) |
Impairment | (2,176) | (1,382) |
Reversals | 444 | 413 |
Write-off | (447) | (586) |
Currency translation differences | (1,578) | 2,926 |
Initial recognition and changes in estimates | 748 | (80) |
Changes in the scope of consolidation - included entities | 1,075 | 1,472 |
Changes in the scope of consolidation - excluded entities | (1) | (4,359) |
Other changes | (686) | (189) |
Property, plant and equipment - end of the year | 56,299 | 56,332 |
Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,088 | 1,071 |
Additions | 22 | 22 |
Depreciation | (47) | (51) |
Impairment | (30) | (21) |
Reversals | 3 | |
Write-off | (1) | |
Currency translation differences | 1 | 2 |
Initial recognition and changes in estimates | 3 | |
Changes in the scope of consolidation - included entities | 48 | 9 |
Changes in the scope of consolidation - excluded entities | (1) | |
Transfers | 37 | 41 |
Other changes | (11) | 14 |
Property, plant and equipment - end of the year | 1,111 | 1,088 |
E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 40,492 | 42,342 |
Additions | 132 | |
Depreciation | (5,699) | (5,466) |
Impairment | (1,164) | (313) |
Reversals | 109 | 40 |
Currency translation differences | (1,223) | 2,422 |
Initial recognition and changes in estimates | 698 | (173) |
Changes in the scope of consolidation - included entities | 521 | 650 |
Changes in the scope of consolidation - excluded entities | (3,687) | |
Transfers | 5,592 | 4,402 |
Other changes | (1,905) | 143 |
Property, plant and equipment - end of the year | 37,421 | 40,492 |
Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 4,280 | 3,850 |
Additions | 407 | 456 |
Depreciation | (610) | (555) |
Impairment | (366) | (485) |
Reversals | 42 | 191 |
Write-off | (2) | (2) |
Currency translation differences | (39) | 55 |
Initial recognition and changes in estimates | 16 | 2 |
Changes in the scope of consolidation - included entities | 298 | 695 |
Changes in the scope of consolidation - excluded entities | (1) | (6) |
Transfers | 595 | 426 |
Other changes | (32) | (347) |
Property, plant and equipment - end of the year | 4,588 | 4,280 |
E&P exploration assets and appraisal | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,345 | 1,244 |
Additions | 764 | 655 |
Depreciation capitalized | 20 | 11 |
Write-off | (420) | (365) |
Currency translation differences | (46) | 74 |
Initial recognition and changes in estimates | 17 | (7) |
Changes in the scope of consolidation - excluded entities | (119) | |
Transfers | (70) | (149) |
Other changes | (42) | 1 |
Property, plant and equipment - end of the year | 1,568 | 1,345 |
E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 7,494 | 6,497 |
Additions | 6,294 | 5,361 |
Depreciation capitalized | 184 | 179 |
Impairment | (226) | (149) |
Reversals | 257 | 141 |
Write-off | (25) | (218) |
Currency translation differences | (268) | 368 |
Initial recognition and changes in estimates | 14 | 98 |
Changes in the scope of consolidation - included entities | 131 | |
Changes in the scope of consolidation - excluded entities | (546) | |
Transfers | (5,522) | (4,253) |
Other changes | 1,349 | 16 |
Property, plant and equipment - end of the year | 9,682 | 7,494 |
Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,633 | 1,295 |
Additions | 1,252 | 1,074 |
Depreciation capitalized | 1 | |
Impairment | (390) | (414) |
Reversals | 36 | 38 |
Currency translation differences | (3) | 5 |
Changes in the scope of consolidation - included entities | 77 | 118 |
Transfers | (632) | (467) |
Other changes | (45) | (16) |
Property, plant and equipment - end of the year | 1,929 | 1,633 |
Gross carrying amount | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 195,812 | |
Property, plant and equipment - end of the year | 195,887 | 195,812 |
Gross carrying amount | Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 4,255 | |
Property, plant and equipment - end of the year | 4,354 | 4,255 |
Gross carrying amount | E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 143,432 | |
Property, plant and equipment - end of the year | 139,866 | 143,432 |
Gross carrying amount | Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 31,328 | |
Property, plant and equipment - end of the year | 32,121 | 31,328 |
Gross carrying amount | E&P exploration assets and appraisal | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,345 | |
Property, plant and equipment - end of the year | 1,568 | 1,345 |
Gross carrying amount | E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 11,654 | |
Property, plant and equipment - end of the year | 13,670 | 11,654 |
Gross carrying amount | Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 3,798 | |
Property, plant and equipment - end of the year | 4,308 | 3,798 |
Accumulated depreciation, amortisation and impairment | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (139,480) | |
Property, plant and equipment - end of the year | (139,588) | (139,480) |
Accumulated depreciation, amortisation and impairment | Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (3,167) | |
Property, plant and equipment - end of the year | (3,243) | (3,167) |
Accumulated depreciation, amortisation and impairment | E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (102,940) | |
Property, plant and equipment - end of the year | (102,445) | (102,940) |
Accumulated depreciation, amortisation and impairment | Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (27,048) | |
Property, plant and equipment - end of the year | (27,533) | (27,048) |
Accumulated depreciation, amortisation and impairment | E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (4,160) | |
Property, plant and equipment - end of the year | (3,988) | (4,160) |
Accumulated depreciation, amortisation and impairment | Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (2,165) | |
Property, plant and equipment - end of the year | € (2,379) | € (2,165) |
Property, plant and equipment -
Property, plant and equipment - Depreciation rates (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Buildings | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 2% |
Buildings | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 10% |
Refining and chemical plants | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 3% |
Refining and chemical plants | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 17% |
Gas pipelines and compression stations | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 4% |
Gas pipelines and compression stations | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 12% |
Power plants | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 3% |
Power plants | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 5% |
Other plant and machinery | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 6% |
Other plant and machinery | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 12% |
Industrial and commercial equipment | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 5% |
Industrial and commercial equipment | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 25% |
Other assets | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 10% |
Other assets | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 20% |
Property, plant and equipment_3
Property, plant and equipment - Changes related to suspended wells (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Property, plant and equipment | |||
Property, plant and equipment - beginning of the year | € 56,332 | € 56,299 | |
Currency translation differences | (1,578) | 2,926 | |
Other changes | (686) | (189) | |
Property, plant and equipment - end of the year | 56,299 | 56,332 | € 56,299 |
Suspended exploration wells pending final determination | |||
Property, plant and equipment | |||
Property, plant and equipment - beginning of the year | 1,085 | 1,101 | 1,268 |
Increases for which is ongoing the determination of proved reserves | 834 | 547 | 288 |
Amounts previously capitalized and expensed in the year | (388) | (374) | (286) |
Reclassification to successful exploratory wells following the estimation of proved reserves | (72) | (147) | (43) |
Disposals | (3) | (2) | (3) |
Changes in the scope of consolidation | (114) | (199) | |
Currency translation differences | (40) | 65 | 100 |
Other changes | (25) | 9 | (24) |
Property, plant and equipment - end of the year | € 1,391 | € 1,085 | € 1,101 |
Property, plant and equipment_4
Property, plant and equipment - Stratification of suspended wells (Details) € in Millions | Dec. 31, 2023 EUR (€) WELLS | Dec. 31, 2022 EUR (€) WELLS | Dec. 31, 2021 EUR (€) WELLS | Dec. 31, 2020 EUR (€) |
Property, plant and equipment | ||||
Property, plant and equipment | € 56,299 | € 56,332 | € 56,299 | |
Suspended exploration wells pending final determination | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 1,391 | € 1,085 | € 1,101 | € 1,268 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 28.5 | 23.8 | 35.9 | |
Suspended exploration wells pending final determination | fields including wells drilled over the last 12 months | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 417 | € 204 | € 175 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 7.9 | 4.5 | 4 | |
Suspended exploration wells pending final determination | fields for which the delineation campaign is in progress | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 804 | € 579 | € 567 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 14 | 11.3 | 17.9 | |
Suspended exploration wells pending final determination | fields including commercial discoveries that proceeds to sanctioning | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 170 | € 302 | € 359 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 6.6 | 8 | 14 | |
Suspended exploration wells pending final determination | within 1 year | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 417 | € 216 | € 175 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 7.9 | 5 | 4 | |
Suspended exploration wells pending final determination | between 1 and 3 years | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 347 | € 246 | € 269 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 6.1 | 4.9 | 12.2 | |
Suspended exploration wells pending final determination | beyond 3 years | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 627 | € 623 | € 657 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | WELLS | 14.5 | 13.9 | 19.7 |
Property, plant and equipment_5
Property, plant and equipment - Unproved mineral interests (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | € 56,332 | € 56,299 |
Currency translation differences | (1,578) | 2,926 |
Property, plant and equipment - end of the year | 56,299 | 56,332 |
Unproved mineral interest | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 2,003 | 1,819 |
Additions | 153 | 121 |
Net (impairments) reversals | 158 | 9 |
Reclassification to Proved Mineral Interest | (81) | (56) |
Currency translation differences and other changes | (74) | 110 |
Property, plant and equipment - end of the year | 2,159 | 2,003 |
Unproved mineral interest | Congo | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 198 | 218 |
Net (impairments) reversals | 243 | (28) |
Reclassification to Proved Mineral Interest | (6) | |
Currency translation differences and other changes | (12) | 14 |
Property, plant and equipment - end of the year | 429 | 198 |
Unproved mineral interest | Nigeria | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 958 | 892 |
Additions | 11 | |
Reclassification to Proved Mineral Interest | (1) | |
Currency translation differences and other changes | (33) | 55 |
Property, plant and equipment - end of the year | 924 | 958 |
Unproved mineral interest | Turkmenistan | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 95 | 3 |
Net (impairments) reversals | (93) | 93 |
Currency translation differences and other changes | (2) | (1) |
Property, plant and equipment - end of the year | 95 | |
Unproved mineral interest | United States of America | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 16 | 68 |
Net (impairments) reversals | 8 | (56) |
Currency translation differences and other changes | (1) | 4 |
Property, plant and equipment - end of the year | 23 | 16 |
Unproved mineral interest | Algeria | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 211 | 114 |
Additions | 61 | 110 |
Reclassification to Proved Mineral Interest | (51) | (19) |
Currency translation differences and other changes | (6) | 6 |
Property, plant and equipment - end of the year | 215 | 211 |
Unproved mineral interest | Egypt | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 3 | 16 |
Additions | (2) | |
Reclassification to Proved Mineral Interest | (1) | (12) |
Currency translation differences and other changes | 1 | |
Property, plant and equipment - end of the year | 2 | 3 |
Unproved mineral interest | United Arab Emirates | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 520 | 508 |
Reclassification to Proved Mineral Interest | (28) | (19) |
Currency translation differences and other changes | (17) | 31 |
Property, plant and equipment - end of the year | 475 | 520 |
Unproved mineral interest | Italy | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 2 | |
Additions | 2 | |
Property, plant and equipment - end of the year | 2 | € 2 |
Unproved mineral interest | Indonesia | ||
Property, plant and equipment | ||
Additions | 92 | |
Currency translation differences and other changes | (3) | |
Property, plant and equipment - end of the year | € 89 |
Property, plant and equipment_6
Property, plant and equipment - Additional information (Details) € in Millions | 12 Months Ended | ||||
Feb. 28, 2023 NUMBER | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Property, plant and equipment | |||||
Borrowing costs capitalised | € 94 | € 38 | € 68 | ||
Capital expenditure | 8,739 | 7,700 | |||
Expenditures to purchase plant and equipment from suppliers | 966 | ||||
Currency translation differences | (1,578) | 2,926 | |||
Property, plant and equipment | 56,299 | 56,332 | 56,299 | ||
Property, plant and equipment, pledged as security | 24 | ||||
Government grants | 91 | 115 | |||
Other changes | (686) | (189) | |||
Write-off | € 447 | 586 | |||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 7% | ||||
Novamont group | |||||
Property, plant and equipment | |||||
Changes in the scope of consolidation | € 255 | ||||
Proportion of ownership interest in joint operation | 36% | ||||
Property, plant and equipment subject to operating leases | |||||
Property, plant and equipment | |||||
Property, plant and equipment | € 347 | ||||
Accumulated impairment | |||||
Property, plant and equipment | |||||
Property, plant and equipment | (22,650) | (21,715) | |||
US Dollars | |||||
Property, plant and equipment | |||||
Currency translation differences | 1,572 | ||||
Nigeria | Oando PLC | |||||
Property, plant and equipment | |||||
Other changes | 914 | ||||
Nigeria | Oil Prospecting License 245 | |||||
Property, plant and equipment | |||||
Property, plant and equipment | € 1,208 | ||||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 8% | ||||
Algeria | BP business | |||||
Property, plant and equipment | |||||
Changes in the scope of consolidation | € 548 | ||||
Algeria | Eni In Amenas Ltd and Eni In Salah Ltd | |||||
Property, plant and equipment | |||||
Number of gas producing concessions | 2 | ||||
Congo | |||||
Property, plant and equipment | |||||
Other changes | € 355 | ||||
Unproved mineral interest | |||||
Property, plant and equipment | |||||
Property, plant and equipment | 2,159 | 2,003 | 1,819 | ||
Net (impairments) reversals | (158) | (9) | |||
Unproved mineral interest | Oil Prospecting License 245 | |||||
Property, plant and equipment | |||||
Property, plant and equipment | € 888 | ||||
Unproved mineral interest | Oil Prospecting License 245 | Nigeria Government | |||||
Property, plant and equipment | |||||
Proportion of ownership interest in joint operation | 50% | ||||
E&P wells, plant and machinery | |||||
Property, plant and equipment | |||||
Capital expenditure | 132 | ||||
Currency translation differences | € (1,223) | 2,422 | |||
Property, plant and equipment | 37,421 | 40,492 | 42,342 | ||
Other changes | (1,905) | 143 | |||
E&P wells, plant and machinery | Ivory Coast, Italy, Congo, Egypt, Iraq, Mexico, United States and Algeria | |||||
Property, plant and equipment | |||||
Transfers | 5,355 | ||||
E&P exploration assets and appraisal | |||||
Property, plant and equipment | |||||
Capital expenditure | 764 | 655 | |||
Currency translation differences | (46) | 74 | |||
Property, plant and equipment | 1,568 | 1,345 | 1,244 | ||
Other changes | (42) | 1 | |||
Write-off | 420 | 365 | |||
E&P exploration assets and appraisal | Egypt, Mexico, Mozambique, Morocco, United Arab Emirates and Lebanon [member] | |||||
Property, plant and equipment | |||||
Write-off | 420 | ||||
Suspended exploration wells pending final determination | |||||
Property, plant and equipment | |||||
Currency translation differences | (40) | 65 | 100 | ||
Changes in the scope of consolidation | (114) | (199) | |||
Property, plant and equipment | 1,391 | 1,085 | 1,101 | € 1,268 | |
Other changes | (25) | 9 | (24) | ||
Exploration wells in progress | |||||
Property, plant and equipment | |||||
Property, plant and equipment | 177 | ||||
Petrochemical plants [member] | |||||
Property, plant and equipment | |||||
Net (impairments) reversals | 367 | ||||
Oil and Gas properties [member] | Alaska, Gulf of Mexico, Turkmenistan, Italy and Australia | |||||
Property, plant and equipment | |||||
Net (impairments) reversals | 1,025 | ||||
Ganal PSC and Rapak PSC [member] | Eni Ganal Deepwater Ltd and Eni Rapak Deepwater Ltd | |||||
Property, plant and equipment | |||||
Changes in the scope of consolidation | € 104 | ||||
Ganal block [member] | |||||
Property, plant and equipment | |||||
Percentage of interest in project | 20% | ||||
Ganal block [member] | Eni Ganal Deepwater Ltd [Member] | |||||
Property, plant and equipment | |||||
Percentage of voting equity interests acquired (in percent) | 62% | ||||
Rapak block [member] | |||||
Property, plant and equipment | |||||
Percentage of interest in project | 20% | ||||
Rapak block [member] | Eni Rapak Deepwater Ltd [Member] | |||||
Property, plant and equipment | |||||
Percentage of voting equity interests acquired (in percent) | 62% | ||||
Makassar block [member] | Eni Makassar Ltd [Member] | |||||
Property, plant and equipment | |||||
Percentage of voting equity interests acquired (in percent) | 72% | ||||
Exploration & Production | |||||
Property, plant and equipment | |||||
Borrowing costs capitalised | € 64 | € 22 | |||
Average Interest rate used for capitalizing finance expense | 3% | 2.10% | |||
Capital expenditure | € 7,105 | € 6,185 | |||
Exploration & Production | Algeria | BP business | |||||
Property, plant and equipment | |||||
Number of gas producing concessions | NUMBER | 2 | ||||
Plenitude | HLS Bonete PV SLU and HLS Bonete Topco SLU | |||||
Property, plant and equipment | |||||
Changes in the scope of consolidation | 168 | ||||
Cash-generating units [member] | Enilive, Refining and Chemicals | |||||
Property, plant and equipment | |||||
Net (impairments) reversals | 345 | ||||
fields including commercial discoveries that proceeds to sanctioning | Suspended exploration wells pending final determination | |||||
Property, plant and equipment | |||||
Property, plant and equipment | € 170 | € 302 | € 359 |
Right-of-use assets and lease_3
Right-of-use assets and lease liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Right-of-use assets | |||
Net carrying amount - beginning of period | € 4,446 | € 4,821 | |
Additions | 1,584 | 2,404 | |
Depreciation | (973) | (1,013) | € (928) |
Impairment | (41) | (18) | (59) |
Reversals | 5 | 14 | |
Currency translation differences | (89) | 267 | |
Changes in the scope of consolidation | 13 | (1,879) | |
Other changes | (111) | (150) | |
Net carrying amount - end of period | 4,834 | 4,446 | 4,821 |
Lessee's exposure arising from options for extension or termination of lease for office buildings | 1,177 | ||
Lessee's exposure arising from extension options related to service stations for sale of oil products | 133 | ||
Exploration & Production | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 2,653 | ||
Additions | 1,023 | ||
Net carrying amount - end of period | 2,959 | € 2,653 | |
Exploration & Production | Ghana and Angola | Minimum | |||
Right-of-use assets | |||
Lease, term of contract | 13 years | ||
Exploration & Production | Ghana and Angola | Maximum | |||
Right-of-use assets | |||
Lease, term of contract | 17 years | ||
Enilive, Refining and Chemicals [member] | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 800 | ||
Additions | 408 | ||
Net carrying amount - end of period | 965 | € 800 | |
Corporate and Other activities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 548 | ||
Additions | 63 | ||
Net carrying amount - end of period | 519 | 548 | |
Upstream business | |||
Right-of-use assets | |||
Lessee's exposure arising from other extension options related to ancillary assets | 545 | ||
Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 2,142 | 2,667 | |
Additions | 14 | 1,342 | |
Depreciation | (145) | (226) | |
Currency translation differences | (71) | 239 | |
Changes in the scope of consolidation | (1,878) | ||
Other changes | 37 | (2) | |
Net carrying amount - end of period | 1,977 | 2,142 | 2,667 |
Drilling rig | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 148 | 183 | |
Additions | 570 | 189 | |
Depreciation | (219) | (197) | |
Currency translation differences | (8) | 12 | |
Changes in the scope of consolidation | (34) | ||
Other changes | (42) | (5) | |
Net carrying amount - end of period | 449 | 148 | 183 |
Drilling rig | Exploration & Production | |||
Right-of-use assets | |||
Additions | 570 | ||
Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 682 | 575 | |
Additions | 402 | 530 | |
Depreciation | (315) | (303) | |
Impairment | (3) | (5) | |
Reversals | 3 | 14 | |
Currency translation differences | (5) | 10 | |
Changes in the scope of consolidation | (39) | ||
Other changes | (40) | (100) | |
Net carrying amount - end of period | 724 | 682 | 575 |
Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 457 | 454 | |
Additions | 133 | 76 | |
Depreciation | (74) | (70) | |
Currency translation differences | 4 | 3 | |
Other changes | (28) | (6) | |
Net carrying amount - end of period | 492 | 457 | 454 |
Motorway concessions and service stations | Enilive, Refining and Chemicals [member] | |||
Right-of-use assets | |||
Additions | 146 | ||
Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 19 | 14 | |
Additions | 19 | 28 | |
Depreciation | (18) | (13) | |
Impairment | (2) | (5) | |
Other changes | (1) | (5) | |
Net carrying amount - end of period | 17 | 19 | 14 |
Oil and gas distribution facilities | Exploration & Production | |||
Right-of-use assets | |||
Additions | 167 | ||
Office buildings | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 595 | 618 | |
Additions | 110 | 108 | |
Depreciation | (125) | (130) | |
Currency translation differences | (2) | 3 | |
Changes in the scope of consolidation | 3 | (1) | |
Other changes | (1) | (3) | |
Net carrying amount - end of period | 580 | 595 | 618 |
Lease commitment, nominal value | € 437 | ||
Lease commitment, term of contract | 20 years | ||
Lease commitment, extension option | 6 years | ||
Vehicles | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | € 42 | 48 | |
Additions | 14 | 21 | |
Depreciation | (12) | (21) | |
Impairment | (1) | ||
Other changes | (27) | (5) | |
Net carrying amount - end of period | 17 | 42 | 48 |
Other | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 361 | 262 | |
Additions | 322 | 110 | |
Depreciation | (65) | (53) | |
Impairment | (36) | (7) | |
Reversals | 2 | ||
Currency translation differences | (7) | ||
Changes in the scope of consolidation | 10 | 73 | |
Other changes | (9) | (24) | |
Net carrying amount - end of period | 578 | 361 | € 262 |
Vessels | |||
Right-of-use assets | |||
Lease commitment, nominal value | 131 | ||
Vessels | Enilive, Refining and Chemicals [member] | |||
Right-of-use assets | |||
Additions | 220 | ||
Assets for staff activities | Corporate and Other activities | |||
Right-of-use assets | |||
Additions | 44 | ||
Gross carrying amount | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 6,862 | ||
Net carrying amount - end of period | 7,802 | 6,862 | |
Gross carrying amount | Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 2,507 | ||
Net carrying amount - end of period | 2,409 | 2,507 | |
Gross carrying amount | Drilling rig | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 516 | ||
Net carrying amount - end of period | 985 | 516 | |
Gross carrying amount | Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 1,360 | ||
Net carrying amount - end of period | 1,593 | 1,360 | |
Gross carrying amount | Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 734 | ||
Net carrying amount - end of period | 822 | 734 | |
Gross carrying amount | Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 87 | ||
Net carrying amount - end of period | 81 | 87 | |
Gross carrying amount | Office buildings | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 1,010 | ||
Net carrying amount - end of period | 1,039 | 1,010 | |
Gross carrying amount | Vehicles | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 86 | ||
Net carrying amount - end of period | 47 | 86 | |
Gross carrying amount | Other | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 562 | ||
Net carrying amount - end of period | 826 | 562 | |
Provisions for depreciation and impairment | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (2,416) | ||
Net carrying amount - end of period | (2,968) | (2,416) | |
Provisions for depreciation and impairment | Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (365) | ||
Net carrying amount - end of period | (432) | (365) | |
Provisions for depreciation and impairment | Drilling rig | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (368) | ||
Net carrying amount - end of period | (536) | (368) | |
Provisions for depreciation and impairment | Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (678) | ||
Net carrying amount - end of period | (869) | (678) | |
Provisions for depreciation and impairment | Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (277) | ||
Net carrying amount - end of period | (330) | (277) | |
Provisions for depreciation and impairment | Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (68) | ||
Net carrying amount - end of period | (64) | (68) | |
Provisions for depreciation and impairment | Office buildings | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (415) | ||
Net carrying amount - end of period | (459) | (415) | |
Provisions for depreciation and impairment | Vehicles | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (44) | ||
Net carrying amount - end of period | (30) | (44) | |
Provisions for depreciation and impairment | Other | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (201) | ||
Net carrying amount - end of period | € (248) | € (201) |
Right-of-use assets and lease_4
Right-of-use assets and lease liabilities - Liabilities for leased assets - (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Lease liabilities | ||
Carrying amount - beginning of the year | € 4,951 | € 5,337 |
Additions | 1,584 | 2,401 |
Decreases | (963) | (994) |
Currency translation differences | (97) | 285 |
Changes in the scope of consolidation | 13 | (1,953) |
Other changes | (152) | (125) |
Carrying amount - end of the year | 5,336 | 4,951 |
Cash payments for the principal portion of the lease liabilities | 963 | |
Cash payments for the interest portion of lease liabilities | 255 | |
Current portion of long-term lease liabilities | ||
Lease liabilities | ||
Carrying amount - beginning of the year | 884 | 948 |
Decreases | (949) | (980) |
Currency translation differences | (16) | 43 |
Changes in the scope of consolidation | 1 | (299) |
Other changes | 1,208 | 1,172 |
Carrying amount - end of the year | 1,128 | 884 |
Long-term lease liabilities | ||
Lease liabilities | ||
Carrying amount - beginning of the year | 4,067 | 4,389 |
Additions | 1,584 | 2,401 |
Decreases | (14) | (14) |
Currency translation differences | (81) | 242 |
Changes in the scope of consolidation | 12 | (1,654) |
Other changes | (1,360) | (1,297) |
Carrying amount - end of the year | 4,208 | 4,067 |
Joint operations | ||
Lease liabilities | ||
Carrying amount - beginning of the year | 494 | |
Carrying amount - end of the year | 480 | € 494 |
US Dollars | ||
Lease liabilities | ||
Carrying amount - end of the year | 3,573 | |
Euro | ||
Lease liabilities | ||
Carrying amount - end of the year | € 1,608 |
Right-of-use assets and lease_5
Right-of-use assets and lease liabilities - Amounts recognized in the profit and loss account (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Other income and revenues | |||
Income from remeasurement of lease liabilities | € 17 | € 6 | € 18 |
Other income and revenues | 17 | 6 | 18 |
Purchases, services and other | |||
Short-term leases | 59 | 113 | 85 |
Low-value leases | 37 | 27 | 31 |
Variable lease payments not included in the measurement of lease liabilities | 20 | 14 | 14 |
Capitalised direct cost associated with self-constructed assets - tangible assets | (5) | (5) | (4) |
Purchases, services and other | 111 | 149 | 126 |
Depreciation and impairments | |||
Depreciation of RoU leased assets | 973 | 1,013 | 928 |
Capitalized amortization of RoU leased assets - tangible assets | (199) | (186) | (110) |
Impairment losses of RoU leased assets | 41 | 18 | 59 |
Reversals of RoU leased assets | (5) | (14) | |
Depreciation and impairments | 810 | 831 | 877 |
Finance income (expense) from leases | |||
Interests on lease liabilities | (267) | (315) | (304) |
Capitalised finance expense of ROU leased assets - tangible assets | 11 | 8 | 5 |
Net currency translation differences on lease liabilities | 19 | (4) | (34) |
Finance income (expense) from leases | € (237) | € (311) | € (333) |
Intangible assets (Details)
Intangible assets (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 EUR (€) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Intangible assets | |||
Net carrying amount - beginning of the year | € 5,525 | € 4,799 | |
Additions | 476 | 356 | |
Amortization | (355) | (310) | |
Impairments | (45) | (167) | |
Reversals | 11 | ||
Write-off | (88) | (13) | |
Changes in the scope of consolidation | 779 | 673 | |
Currency translation differences | (20) | 66 | |
Other changes | 96 | 121 | |
Net carrying amount - end of the year | 6,379 | 5,525 | |
Intangible assets with definite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 2,363 | 1,913 | |
Additions | 476 | 356 | |
Amortization | (355) | (310) | |
Impairments | (39) | (14) | |
Reversals | 11 | ||
Write-off | (88) | (13) | |
Changes in the scope of consolidation | 752 | 191 | |
Currency translation differences | (20) | 55 | |
Other changes | 120 | 185 | |
Net carrying amount - end of the year | 3,220 | 2,363 | |
Exploration rights | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 793 | $ 793 | 913 |
Additions | 20 | 53 | |
Amortization | (8) | (12) | |
Impairments | (22) | ||
Reversals | 11 | ||
Write-off | (85) | (13) | |
Changes in the scope of consolidation | (200) | ||
Currency translation differences | (19) | 54 | |
Other changes | (27) | (2) | |
Net carrying amount - end of the year | 663 | 793 | |
Industrial patents and intellectual property rights | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 176 | 155 | |
Additions | 41 | 28 | |
Amortization | (92) | (74) | |
Changes in the scope of consolidation | 291 | ||
Other changes | 34 | 67 | |
Net carrying amount - end of the year | 450 | 176 | |
Other intangible assets with definite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 1,394 | 845 | |
Additions | 415 | 275 | |
Amortization | (255) | (224) | |
Impairments | (17) | (14) | |
Write-off | (3) | ||
Changes in the scope of consolidation | 461 | 391 | |
Currency translation differences | (1) | 1 | |
Other changes | 113 | 120 | |
Net carrying amount - end of the year | 2,107 | 1,394 | |
Goodwill | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 3,138 | 2,862 | |
Impairments | (6) | (153) | |
Changes in the scope of consolidation | 25 | 482 | |
Currency translation differences | 11 | ||
Other changes | (24) | (64) | |
Net carrying amount - end of the year | 3,133 | 3,138 | |
Other intangible assets with indefinite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 24 | 24 | |
Changes in the scope of consolidation | 2 | ||
Net carrying amount - end of the year | 26 | 24 | |
Gross carrying amount | Intangible assets with definite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 6,939 | ||
Net carrying amount - end of the year | 8,088 | 6,939 | |
Gross carrying amount | Exploration rights | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 1,428 | ||
Net carrying amount - end of the year | 1,295 | 1,428 | |
Gross carrying amount | Industrial patents and intellectual property rights | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 1,806 | ||
Net carrying amount - end of the year | 2,119 | 1,806 | |
Gross carrying amount | Other intangible assets with definite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | 3,705 | ||
Net carrying amount - end of the year | 4,674 | 3,705 | |
Accumulated depreciation, amortisation and impairment | Intangible assets with definite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | (4,576) | ||
Net carrying amount - end of the year | (4,868) | (4,576) | |
Accumulated depreciation, amortisation and impairment | Exploration rights | |||
Intangible assets | |||
Net carrying amount - beginning of the year | (635) | ||
Net carrying amount - end of the year | (632) | (635) | |
Accumulated depreciation, amortisation and impairment | Industrial patents and intellectual property rights | |||
Intangible assets | |||
Net carrying amount - beginning of the year | (1,630) | ||
Net carrying amount - end of the year | (1,669) | (1,630) | |
Accumulated depreciation, amortisation and impairment | Other intangible assets with definite useful lives | |||
Intangible assets | |||
Net carrying amount - beginning of the year | (2,311) | ||
Net carrying amount - end of the year | € (2,567) | € (2,311) |
Intangible assets - Breakdown o
Intangible assets - Breakdown of exploration rights by type (Details) € in Millions | Dec. 31, 2023 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) |
Intangible assets | ||||
Intangible assets | € 6,379 | € 5,525 | € 4,799 | |
Exploration rights | ||||
Intangible assets | ||||
Intangible assets | 663 | € 793 | $ 793 | € 913 |
Proved licence and leasehold property acquisition costs | ||||
Intangible assets | ||||
Intangible assets | 91 | 104 | ||
Unproved licence and leasehold property acquisition costs | ||||
Intangible assets | ||||
Intangible assets | € 572 | $ 689 |
Intangible assets - Main amorti
Intangible assets - Main amortization rates (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Exploration rights | |
Intangible assets | |
Description of useful life, intangible assets other than goodwill | UOP |
Concessions, licenses, trademarks and similar items | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 3% |
Concessions, licenses, trademarks and similar items | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33% |
Industrial patents and intellectual property right | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 20% |
Industrial patents and intellectual property right | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33% |
Capitalized costs for customer acquisition | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 17% |
Capitalized costs for customer acquisition | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33% |
Other intangible assets | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 3% |
Other intangible assets | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 20% |
Intangible assets - Goodwill by
Intangible assets - Goodwill by operating segment (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Intangible assets | ||
Goodwill | € 3,133 | € 3,138 |
Plenitude | ||
Intangible assets | ||
Goodwill | 2,909 | 2,927 |
Enilive and Refining | ||
Intangible assets | ||
Goodwill | 102 | 102 |
Chemicals | ||
Intangible assets | ||
Goodwill | 112 | 93 |
Corporate and Other activities | ||
Intangible assets | ||
Goodwill | € 10 | € 16 |
Intangible assets - Additional
Intangible assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Intangible assets | ||
Write-off | € 88 | € 13 |
Changes in the scope of consolidation | 779 | 673 |
Other changes | 96 | 121 |
Goodwill | 3,133 | 3,138 |
Plenitude | ||
Intangible assets | ||
Goodwill | 2,909 | 2,927 |
CGU Domestic-Foreign Market | Retail sale of natural gas and electricity business of Plenitude | ||
Intangible assets | ||
Goodwill | € 1,215 | |
Period over which management has projected cash flows | 4 years | |
Growth rate used to extrapolate cash flow projections | 0% | |
Discount rate | 5% | |
Amount by which unit's recoverable amount exceeds its carrying amount | € 6,400 | |
CGU Domestic-Foreign Market | Renewables business of Plenitude | ||
Intangible assets | ||
Amount by which unit's recoverable amount exceeds its carrying amount if one percent point increase in weighted average cost of capital (WACC) | € 130 | |
Expected percentage of reduction in power prices (as a percent) | 4% | |
Goodwill | € 976 | |
Period over which management has projected cash flows | 4 years | |
CGU Domestic-Foreign Market | Renewables business of Plenitude | Minimum | ||
Intangible assets | ||
Discount rate | 5.50% | |
CGU Domestic-Foreign Market | Renewables business of Plenitude | Maximum | ||
Intangible assets | ||
Discount rate | 6.10% | |
CGU Domestic-Foreign Market | Be Power | E-mobility business of Plentitude | ||
Intangible assets | ||
Goodwill | € 718 | |
Period over which management has projected cash flows | 4 years | |
Growth rate used to extrapolate cash flow projections | 4.60% | |
Discount rate | 10.80% | |
Amount by which unit's recoverable amount exceeds its carrying amount | € 400 | |
Accumulated impairment | ||
Intangible assets | ||
Goodwill | (2,656) | |
Intangible assets with definite useful lives | ||
Intangible assets | ||
Write-off | 88 | 13 |
Changes in the scope of consolidation | 752 | 191 |
Other changes | 120 | 185 |
Decrease of intangible assets | (28) | |
Intangible assets with definite useful lives | Definitive allocation | ||
Intangible assets | ||
Other changes | 58 | |
Intangible assets with definite useful lives | Plenitude | ||
Intangible assets | ||
Changes in the scope of consolidation | 237 | |
Intangible assets with definite useful lives | Novamont group | ||
Intangible assets | ||
Changes in the scope of consolidation | 515 | |
Intangible assets with definite useful lives | Nigerian Agip Oil Company Ltd. [member] | Assets held for sale | ||
Intangible assets | ||
Other changes | (25) | |
Goodwill | ||
Intangible assets | ||
Changes in the scope of consolidation | 25 | 482 |
Other changes | (24) | (64) |
Goodwill | Definitive allocation | ||
Intangible assets | ||
Changes in the scope of consolidation | (24) | |
Goodwill | Plenitude | ||
Intangible assets | ||
Changes in the scope of consolidation | 6 | |
Goodwill | Novamont group | ||
Intangible assets | ||
Changes in the scope of consolidation | 19 | |
Exploration rights | ||
Intangible assets | ||
Write-off | 85 | 13 |
Changes in the scope of consolidation | (200) | |
Other changes | (27) | (2) |
Capitalized costs for customer acquisition | Plenitude & Power | ||
Intangible assets | ||
Intangible assets other than goodwill | 393 | 358 |
Concessions, licenses, trademarks and similar items | ||
Intangible assets | ||
Intangible assets other than goodwill | 1,148 | 692 |
Customer relationship | ||
Intangible assets | ||
Intangible assets other than goodwill | 92 | € 101 |
Intangible assets in progress | Plenitude & Power | ||
Intangible assets | ||
Intangible assets other than goodwill | € 879 |
Reversals (Impairments) of ta_3
Reversals (Impairments) of tangible and intangible assets and right-of-use assets - Main price assumptions for assessing the recoverability of oil & gas assets (Details) | 12 Months Ended |
Dec. 31, 2023 $ / bbl $ / MMBTU | |
2024 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 73 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 8.7 |
2027 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 68 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 9.9 |
2030 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 68 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 6.8 |
2040 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 58 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 6.8 |
2050 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 48 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 6.2 |
Reversals (Impairments) of ta_4
Reversals (Impairments) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to alternative scenarios (Details) € in Billions | 12 Months Ended |
Dec. 31, 2023 EUR (€) $ / bbl $ / MMBTU $ / t | |
Eni's scenario | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 77% |
Brent price per bbl | $ / bbl | 48 |
Long-term gas price | $ / MMBTU | 6.2 |
IEA SDS WEO 2021 scenario | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 56% |
Possible impairments | € (1) |
IEA NZE 2050 scenario | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 28% |
Value in use of the O&G CGUs Headroom vs Carrying amount, non-tax deductible CO2 charges | 23% |
Brent price per bbl | $ / bbl | 25 |
Long-term gas price | $ / MMBTU | 4.1 |
Eni's scenario with +1% increase in WAAC | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 67% |
Possible impairments | € (0.2) |
Minimum | IEA NZE 2050 scenario | |
Impairment | |
Possible impairments | € (3.2) |
Cost CO2 | $ / t | 250 |
Maximum | IEA NZE 2050 scenario | |
Impairment | |
Possible impairments | € (4.3) |
Cost CO2 | $ / t | 180 |
Reversals (Impairments) of ta_5
Reversals (Impairments) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to alternative scenarios - Additional Information (Details) - EUR (€) € in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Impairment review of tangible and intangible assets and right-of-use assets | |||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 7% | ||
Net impairment losses | € 1,802,000 | € 1,140,000 | € 167,000 |
Percentage by which headroom is higher than book value | 80% | ||
Book value of refineries | € 0 | ||
Alaska, Gulf of Mexico, Turkmenistan, Italy and Australia | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Net impairment losses | € 1,000,000 | ||
Italy | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Risk-adjusted pre-tax WACC | 5.10% | ||
ALASKA | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Risk-adjusted pre-tax WACC | 20.30% | ||
Chemicals | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Property, plant and equipment, residual value | € 581,000 | ||
Gas power generation | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Property, plant and equipment, residual value | € 766,000 | ||
Minimum | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Post-tax, risk-adjusted WACC (in percent) | 6% | ||
Maximum | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Post-tax, risk-adjusted WACC (in percent) | 7.50% |
Investments (Details)
Investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Investments | ||
Book amount - beginning of the year | € 12,092 | € 5,887 |
Additions and subscriptions | 1,213 | 1,607 |
Divestments and reimbursements | (480) | |
Share of profit of equity-accounted investments | 1,622 | 2,163 |
Share of loss of equity-accounted investments | (281) | (285) |
Deduction for dividends | (2,000) | (1,194) |
Change in the scope of consolidation | (211) | (1,827) |
Currency translation differences | (412) | 1 |
Other changes | 607 | 6,220 |
Book amount - end of the year | 12,630 | 12,092 |
Investments in unconsolidated entities controlled by Eni | ||
Investments | ||
Book amount - beginning of the year | 50 | 44 |
Additions and subscriptions | 3 | 21 |
Divestments and reimbursements | (2) | |
Share of profit of equity-accounted investments | 4 | 5 |
Share of loss of equity-accounted investments | (3) | (6) |
Deduction for dividends | (1) | (3) |
Change in the scope of consolidation | 3 | 5 |
Currency translation differences | (2) | 2 |
Other changes | (1) | (16) |
Book amount - end of the year | 53 | 50 |
Joint ventures | ||
Investments | ||
Book amount - beginning of the year | 7,065 | 2,057 |
Additions and subscriptions | 1,024 | 900 |
Divestments and reimbursements | (1) | |
Share of profit of equity-accounted investments | 818 | 474 |
Share of loss of equity-accounted investments | (149) | (197) |
Deduction for dividends | (939) | (483) |
Change in the scope of consolidation | 13 | (710) |
Currency translation differences | (244) | (231) |
Other changes | 662 | 5,256 |
Book amount - end of the year | 8,250 | 7,065 |
Associates | ||
Investments | ||
Book amount - beginning of the year | 4,977 | 3,786 |
Additions and subscriptions | 186 | 686 |
Divestments and reimbursements | (477) | |
Share of profit of equity-accounted investments | 800 | 1,684 |
Share of loss of equity-accounted investments | (129) | (82) |
Deduction for dividends | (1,060) | (708) |
Change in the scope of consolidation | (227) | (1,122) |
Currency translation differences | (166) | 230 |
Other changes | (54) | 980 |
Book amount - end of the year | € 4,327 | € 4,977 |
Investments - Net carrying amou
Investments - Net carrying amount (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investments | |||
Book value | € 12,630 | € 12,092 | € 5,887 |
Associates | |||
Investments | |||
Book value | 4,327 | 4,977 | |
Associates | Var Energi ASA | |||
Investments | |||
Book value | € 447 | € 763 | |
% of the investment in associate | 63.04% | 63.08% | |
Associates | Abu Dhabi Oil Refining Company (Takreer) | |||
Investments | |||
Book value | € 2,434 | € 2,497 | |
% of the investment in associate | 20% | 20% | |
Associates | QatarEnergy LNG NFE (5) | |||
Investments | |||
Book value | € 439 | € 302 | |
% of the investment in associate | 25% | 25% | |
Associates | Coral FLNG SA | |||
Investments | |||
Book value | € 239 | € 330 | |
% of the investment in associate | 25% | 25% | |
Associates | Novamont SpA | |||
Investments | |||
Book value | € 255 | ||
% of the investment in associate | 35% | ||
Associates | ADNOC Global Trading Ltd | |||
Investments | |||
Book value | € 145 | € 158 | |
% of the investment in associate | 20% | 20% | |
Associates | Novis Renewables Holdings Llc | |||
Investments | |||
Book value | € 70 | € 74 | |
% of the investment in associate | 49% | 49% | |
Associates | Bluebell Solar Class A Holdings II LlC | |||
Investments | |||
Book value | € 70 | € 73 | |
% of the investment in associate | 99% | 99% | |
Associates | United Gas Derivatives Co | |||
Investments | |||
Book value | € 81 | € 72 | |
% of the investment in associate | 33.33% | 33.33% | |
Associates | Altre | |||
Investments | |||
Book value | € 402 | € 453 | |
Joint ventures | |||
Investments | |||
Book value | 8,250 | 7,065 | |
Joint ventures | Mozambique Rovuma Venture SpA | |||
Investments | |||
Book value | € 343 | € 308 | |
% of the investment in joint venture | 35.71% | 35.71% | |
Joint ventures | Cardon IV SA | |||
Investments | |||
Book value | € 443 | € 433 | |
% of the investment in joint venture | 50% | 50% | |
Joint ventures | Azule Energy Holdings Ltd | |||
Investments | |||
Book value | € 4,750 | € 5,073 | |
% of the investment in joint venture | 50% | 50% | |
Joint ventures | St. Bernard Renewables Llc | |||
Investments | |||
Book value | € 829 | ||
% of the investment in joint venture | 50% | ||
Joint ventures | Saipem SpA | |||
Investments | |||
Book value | € 722 | € 645 | |
% of the investment in joint venture | 31.20% | 31.20% | |
Joint ventures | SeaCorridor Srl | |||
Investments | |||
Book value | € 530 | ||
% of the investment in joint venture | 50.10% | ||
Joint ventures | Vårgrønn AS | |||
Investments | |||
Book value | € 336 | € 370 | |
% of the investment in joint venture | 65% | 65% | |
Joint ventures | GreenIT SpA [member] | |||
Investments | |||
Book value | € 92 | € 74 | |
% of the investment in joint venture | 51% | 51% | |
Joint ventures | Lotte Versalis Elastomers Co Ltd | |||
Investments | |||
Book value | € 43 | € 41 | |
% of the investment in joint venture | 50% | 50% | |
Joint ventures | Hergo Renewables SpA [member] | |||
Investments | |||
Book value | € 32 | € 33 | |
% of the investment in joint venture | 65% | 65% | |
Joint ventures | LabAnalysis Environmental Scienze Srl | |||
Investments | |||
Book value | € 25 | ||
% of the investment in joint venture | 30% | ||
Joint ventures | Societa Oleodotti Meridionali - SOM SpA | |||
Investments | |||
Book value | € 21 | € 29 | |
% of the investment in joint venture | 70% | 70% | |
Joint ventures | Altre | |||
Investments | |||
Book value | € 84 | € 59 | |
Investments in unconsolidated entities controlled by Eni | |||
Investments | |||
Book value | 53 | 50 | |
Investments in unconsolidated entities controlled by Eni | Altre | |||
Investments | |||
Book value | € 53 | € 50 |
Investments - Market value of i
Investments - Market value of investments listed in regulated stock markets (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investments | |||
Book value | € 12,630 | € 12,092 | € 5,887 |
Joint ventures | |||
Investments | |||
Book value | € 8,250 | € 7,065 | |
Joint ventures | Var Energi ASA | Ordinary shares | |||
Investments | |||
Share price | € 2.86287 | ||
Joint ventures | Saipem SpA | |||
Investments | |||
% of the investment in joint venture | 31.20% | 31.20% | |
Book value | € 722 | € 645 | |
Joint ventures | Saipem SpA | Ordinary shares | |||
Investments | |||
Number of shares held | 662,476,192 | ||
% of the investment in joint venture | 31.20% | ||
Share price | € 1.47 | ||
Market value of joint venture | € 915 | ||
Book value | 722 | ||
Associates | |||
Investments | |||
Book value | € 4,327 | € 4,977 | |
Associates | Var Energi ASA | |||
Investments | |||
% of the investment in associate | 63.04% | 63.08% | |
Book value | € 447 | € 763 | |
Associates | Var Energi ASA | Ordinary shares | |||
Investments | |||
Number of shares held | 1,573,713,749 | ||
% of the investment in associate | 63.04% | ||
Market value of associate | € 4,505 | ||
Book value | € 447 |
Investments - Other investments
Investments - Other investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Investments | ||
Carrying amount at the beginning of the year | € 1,202 | € 1,294 |
Additions and subscriptions | 102 | 68 |
Change in the fair value with effect to OCI | 45 | 56 |
Currency translation differences | 28 | 42 |
Other changes | (65) | (258) |
Carrying amount at the end of the year | € 1,256 | € 1,202 |
Investments - Additional inform
Investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investments | |||
Additions and subscriptions | € 1,213 | € 1,607 | |
Share of loss of equity-accounted investments | 281 | 285 | |
Deduction for dividends | € 2,000 | 1,194 | |
Percentage of reasonable changes in cost of capital | 1% | ||
Other investments | € 1,256 | 1,202 | € 1,294 |
Share of profit of equity-accounted investments | 1,622 | 2,163 | |
Change in the scope of consolidation | (211) | (1,827) | |
Other changes | € 607 | 6,220 | |
North Field East project (NFE) | |||
Investments | |||
Proportion of ownership interest acquired | 3.125% | ||
Nigeria LNG Ltd | |||
Investments | |||
Other investments | € 642 | 668 | |
Saudi European Petrochemical Co | |||
Investments | |||
Other investments | 121 | 108 | |
Darwin LNG Pty Ltd | |||
Investments | |||
Other investments | € 78 | € 71 | |
QatarEnergy LNG NFE (5) [member] | North Field East project (NFE) | |||
Investments | |||
Proportion of ownership interest acquired | 12.50% | ||
Novamont group | |||
Investments | |||
Change in the scope of consolidation | € 227 | ||
Snam Group [Member] | SeaCorridor Srl | |||
Investments | |||
Proportion of ownership interest in joint venture | 50.10% | ||
Equity interest disposed (as a percent) | 49.90% | ||
Associates | QatarEnergy LNG NFE (5) [member] | |||
Investments | |||
Additions and subscriptions | € 154 | ||
Proportion of ownership interest acquired | 25% | ||
Associates | Abu Dhabi Oil Refining Co (Takreer) | |||
Investments | |||
Deduction for dividends | € 277 | ||
Share of profit of equity-accounted investments | 296 | ||
Associates | Var Energi ASA | |||
Investments | |||
Deduction for dividends | 640 | ||
Share of profit of equity-accounted investments | 356 | ||
Difference amount between market capitalization of investee and book value of corresponding fraction of net equity | 4,058 | ||
Associates | ADNOC Global Trading Ltd | |||
Investments | |||
Deduction for dividends | 129 | ||
Share of profit of equity-accounted investments | 120 | ||
Associates | Coral FLNG SA | |||
Investments | |||
Share of loss of equity-accounted investments | € 40 | ||
Joint ventures | SeaCorridor Srl | |||
Investments | |||
Proportion of ownership interest in joint venture | 50.10% | ||
Deduction for dividends | € 95 | ||
Share of profit of equity-accounted investments | 49 | ||
Other changes | 580 | ||
Capital gains from the fair value measurement of the business combination | 414 | ||
Joint ventures | Saipem SpA | |||
Investments | |||
Share of profit of equity-accounted investments | 56 | ||
Difference amount between market capitalization of investee and book value of corresponding fraction of net equity | 193 | ||
Joint ventures | Mozambique Rovuma Venture SpA | |||
Investments | |||
Share of profit of equity-accounted investments | € 47 | ||
Joint ventures | Doggerbank Offshore Wind Farm Project 3 Holdco Ltd | |||
Investments | |||
Proportion of ownership interest acquired | 20% | ||
Joint ventures | Vårgrønn AS | |||
Investments | |||
Additions and subscriptions | € 42 | ||
Share of loss of equity-accounted investments | € 50 | ||
Proportion of ownership interest in joint venture | 65% | ||
Joint ventures | Azule Energy Holdings Ltd | |||
Investments | |||
Deduction for dividends | € 829 | ||
Share of profit of equity-accounted investments | 653 | ||
Joint ventures | St. Bernard Renewables Llc | |||
Investments | |||
Additions and subscriptions | € 882 | ||
Proportion of ownership interest acquired | 50% | ||
Share of loss of equity-accounted investments | € 42 |
Other financial assets (Details
Other financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Other financial assets | ||
Other current financial assets | € 896 | € 1,504 |
Other non-current financial assets | 2,301 | 1,967 |
Financing receivables held for operating and non operating purpose | ||
Other financial assets | ||
Other current financial assets | 896 | 1,504 |
Other non-current financial assets | 2,240 | 1,911 |
Financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 41 | 19 |
Other non-current financial assets | 2,240 | 1,911 |
Long-term financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 34 | 11 |
Other non-current financial assets | 2,240 | 1,911 |
Short-term financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 7 | 8 |
Financing receivables held for non operating purpose | ||
Other financial assets | ||
Other current financial assets | 855 | 1,485 |
Securities held for operating purposes | ||
Other financial assets | ||
Other non-current financial assets | € 61 | € 56 |
Other financial assets - Financ
Other financial assets - Financing receivables net of allowance for doubtful accounts (Details) - Accumulated impairment - Financing receivables held for operating and non operating purpose - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Other financial assets | ||
Financial assets at beginning of period | € 391 | € 403 |
Additions | 15 | 13 |
Deductions | (9) | (43) |
Currency translation differences | (13) | 21 |
Other changes | (1) | (3) |
Financial assets at end of period | € 383 | € 391 |
Other financial assets - Securi
Other financial assets - Securities per issuing entity (Details) € in Millions | 12 Months Ended |
Dec. 31, 2023 EUR (€) | |
Amortized cost | |
Other financial assets | |
Amortized cost | € 61 |
Nominal value | 61 |
Fair value | 59 |
Quoted bonds issued by sovereign states | Amortized cost | |
Other financial assets | |
Amortized cost | 56 |
Nominal value | 56 |
Fair value | 54 |
Maximum value of sovereign states bonds included in other category | 10 |
Quoted bonds issued by sovereign states, Fixed rate bonds | Amortized cost | Italy | |
Other financial assets | |
Amortized cost | 19 |
Nominal value | 19 |
Fair value | € 17 |
Maturity date | from 2024 to 2031 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Fixed rate bonds | Amortized cost | Italy | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Amortized cost | Italy | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 2.65% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Amortized cost | Foreign (outside Italy) | |
Other financial assets | |
Amortized cost | € 25 |
Nominal value | 25 |
Fair value | € 25 |
Maturity date | from 2024 to 2027 |
Rating - Moody's | from Aa1 to Baa2 |
Rating - S&P | from AA+ to BBB- |
Quoted bonds issued by sovereign states, Fixed rate bonds | Amortized cost | Foreign (outside Italy) | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0.10% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Amortized cost | Foreign (outside Italy) | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 5% |
Quoted bonds issued by sovereign states, Floating rate bonds | Amortized cost | Italy | |
Other financial assets | |
Amortized cost | € 12 |
Nominal value | 12 |
Fair value | € 12 |
Maturity date | from 2024 to 2026 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Floating rate bonds | Amortized cost | Italy | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 4.62% |
Quoted bonds issued by sovereign states, Floating rate bonds | Amortized cost | Italy | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 5.07% |
European Bank of Investments [member] | |
Other financial assets | |
Amortized cost | € 5 |
Nominal value | 5 |
Fair value | € 5 |
Nominal rate of return (%) | 3.98% |
Maturity date | from 2023 to 2024 |
European Bank of Investments [member] | Foreign (outside Italy) | |
Other financial assets | |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Other financial assets - Additi
Other financial assets - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Financing receivables held for operating and non operating purpose | US Dollars | ||
Other financial assets | ||
Other financial assets | € 2,503 | |
Financing receivables held for operating and non operating purpose | Euro | ||
Other financial assets | ||
Other financial assets | 630 | |
Financing receivables held for operating purposes | beyond 5 years | ||
Other financial assets | ||
Other financial assets | 149 | € 164 |
Financing receivables held for operating purposes | Exploration & Production | ||
Other financial assets | ||
Other financial assets | 2,173 | |
Financing receivables held for operating purposes | Exploration & Production | Coral FLNG SA | ||
Other financial assets | ||
Other financial assets | 453 | 356 |
Financing receivables held for operating purposes | Exploration & Production | Mozambique Rovuma Venture SpA | ||
Other financial assets | ||
Other financial assets | 1,339 | 1,187 |
Financing receivables held for non operating purpose | ||
Other financial assets | ||
Restricted deposits in escrow to guarantee transactions on derivative contracts | 712 | 1,266 |
Securities held for operating purposes | ||
Other financial assets | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | 19 | € 20 |
Non-current financing receivables held for operating purposes | ||
Other financial assets | ||
Fair value | € 2,285 |
Other financial assets - Addi_2
Other financial assets - Additional information (Details 2) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Coral FLNG SA | ||
Other financial assets | ||
Proportion of ownership interest in associate | 25% | |
Cardon IV SA | ||
Other financial assets | ||
Proportion of ownership interest in joint venture (as a percent) | 50% | 50% |
Mozambique Rovuma Venture SpA | ||
Other financial assets | ||
Proportion of ownership interest in joint venture (as a percent) | 35.71% | |
Non-current financing receivables held for operating purposes | Minimum | ||
Other financial assets | ||
Discount rate applied to cash flow projections (as a percent) | 1.90% | 1.80% |
Non-current financing receivables held for operating purposes | Maximum | ||
Other financial assets | ||
Discount rate applied to cash flow projections (as a percent) | 5.20% | 5.10% |
Securities held for operating purposes | Maximum | ||
Other financial assets | ||
Maturity of securities held for operating purposes | 5 years | |
Securities held for operating purposes | Within 5 years | ||
Other financial assets | ||
Amortized cost | € 55 |
Trade and other payables - Brea
Trade and other payables - Break-down (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and other payables | ||
Trade payables | € 14,231 | € 19,527 |
Down payments and advances from joint ventures in exploration and production activities | 717 | 606 |
Payables for purchase of non-current assets | 2,335 | 2,561 |
Payables due to partners in exploration & production activities | 1,215 | 1,235 |
Other payables | 2,156 | 1,780 |
Trade and other current payables | € 20,654 | € 25,709 |
Trade and other payables - Addi
Trade and other payables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Trade and other payables | ||
Increase (decrease) in trade payables | € (5,296) | |
Payroll payables | 287 | € 255 |
Other payables | 2,156 | 1,780 |
Payables for social security contributions | 110 | 100 |
Trade and other payables | 20,654 | 25,709 |
Payables to factoring companies in relation to the recognition of Eni's tax credits | 728 | 246 |
Euro | ||
Trade and other payables | ||
Trade and other payables | 10,200 | |
US Dollars | ||
Trade and other payables | ||
Trade and other payables | 10,421 | |
Global Gas & LNG Portfolio | ||
Trade and other payables | ||
Increase (decrease) in trade payables | (5,711) | |
Enilive, Refining and Chemicals [member] | ||
Trade and other payables | ||
Increase (decrease) in trade payables | (493) | |
Gas take-or-pay contracts | ||
Trade and other payables | ||
Other payables | € 187 | € 284 |
Finance debt - Short and long t
Finance debt - Short and long term debt (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Borrowings | ||
Short-term debt | € 4,092 | € 4,446 |
Current portion of long-term debt | 2,921 | 3,097 |
Long-term debt | 21,716 | 19,374 |
Total borrowings | 28,729 | 26,917 |
Banks | ||
Borrowings | ||
Short-term debt | 2,810 | 3,645 |
Current portion of long-term debt | 600 | 851 |
Long-term debt | 1,116 | 1,999 |
Total borrowings | 4,526 | 6,495 |
Ordinary bonds | ||
Borrowings | ||
Current portion of long-term debt | 1,956 | 2,142 |
Long-term debt | 19,535 | 17,368 |
Total borrowings | 21,491 | 19,510 |
Sustainability-linked convertible bonds [member] | ||
Borrowings | ||
Current portion of long-term debt | 9 | |
Long-term debt | 917 | |
Total borrowings | 926 | |
Other financial institutions | ||
Borrowings | ||
Short-term debt | 1,282 | 801 |
Current portion of long-term debt | 356 | 104 |
Long-term debt | 148 | 7 |
Total borrowings | € 1,786 | € 912 |
Finance debt - Ordinary bonds (
Finance debt - Ordinary bonds (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Borrowings | ||
Borrowings | € 28,729 | € 26,917 |
Ordinary Bonds with sustainability-linked bonds | ||
Borrowings | ||
Nominal value | 21,284 | |
Discount on bond issue and accrued expenses | 207 | |
Borrowings | 21,491 | |
Euro Medium Term Notes, Ordinary Bonds with sustainability-linked bonds [member] | ||
Borrowings | ||
Nominal value | 16,778 | |
Discount on bond issue and accrued expenses | 153 | |
Borrowings | 16,931 | |
Other Bonds | ||
Borrowings | ||
Nominal value | 4,506 | |
Discount on bond issue and accrued expenses | 54 | |
Borrowings | 4,560 | |
ENI SpA | Euro Medium Term Notes One | ||
Borrowings | ||
Nominal value | 1,250 | |
Discount on bond issue and accrued expenses | 22 | |
Borrowings | € 1,272 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2033 | |
Borrowings, interest rate | 4.25% | |
ENI SpA | Euro Medium Term Notes Two | ||
Borrowings | ||
Nominal value | € 1,200 | |
Discount on bond issue and accrued expenses | 14 | |
Borrowings | € 1,214 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2025 | |
Borrowings, interest rate | 3.75% | |
ENI SpA | Euro Medium Term Notes Three | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 31 | |
Borrowings | € 1,031 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2029 | |
Borrowings, interest rate | 3.625% | |
ENI SpA | Euro Medium Term Notes Four | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 12 | |
Borrowings | € 1,012 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2026 | |
Borrowings, interest rate | 1.50% | |
ENI SpA | Euro Medium Term Notes Five | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 4 | |
Borrowings | € 1,004 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2030 | |
Borrowings, interest rate | 0.625% | |
ENI SpA | Euro Medium Term Notes Six | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 4 | |
Borrowings | € 1,004 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2026 | |
Borrowings, interest rate | 1.25% | |
ENI SpA | Euro Medium Term Notes Seven | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 10 | |
Borrowings | € 1,010 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2031 | |
Borrowings, interest rate | 2% | |
ENI SpA | Euro Medium Term Notes Eight | ||
Borrowings | ||
Nominal value | € 900 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 901 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2024 | |
Borrowings, interest rate | 0.625% | |
ENI SpA | Euro Medium Term Notes Nine | ||
Borrowings | ||
Nominal value | € 800 | |
Discount on bond issue and accrued expenses | 3 | |
Borrowings | € 803 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 1.625% | |
ENI SpA | Euro Medium Term Notes Ten | ||
Borrowings | ||
Nominal value | € 750 | |
Discount on bond issue and accrued expenses | 13 | |
Borrowings | € 763 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2024 | |
Borrowings, interest rate | 1.75% | |
ENI SpA | Euro Medium Term Notes Eleven | ||
Borrowings | ||
Nominal value | € 750 | |
Discount on bond issue and accrued expenses | 8 | |
Borrowings | € 758 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2027 | |
Borrowings, interest rate | 1.50% | |
ENI SpA | Euro Medium Term Notes Twelve | ||
Borrowings | ||
Nominal value | € 750 | |
Discount on bond issue and accrued expenses | (3) | |
Borrowings | € 747 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2034 | |
Borrowings, interest rate | 1% | |
ENI SpA | Euro Medium Term Notes Thirteen | ||
Borrowings | ||
Nominal value | € 679 | |
Discount on bond issue and accrued expenses | 10 | |
Borrowings | € 689 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2027 | |
Borrowings, interest rate description | variable | |
ENI SpA | Euro Medium Term Notes Fourteen | ||
Borrowings | ||
Nominal value | € 650 | |
Discount on bond issue and accrued expenses | 5 | |
Borrowings | € 655 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2025 | |
Borrowings, interest rate | 1% | |
ENI SpA | Euro Medium Term Notes Fifteen | ||
Borrowings | ||
Nominal value | € 600 | |
Discount on bond issue and accrued expenses | (2) | |
Borrowings | € 598 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 1.125% | |
ENI SpA | Euro Medium Term Notes Sixteen | ||
Borrowings | ||
Nominal value | € 500 | |
Discount on bond issue and accrued expenses | 3 | |
Borrowings | € 503 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2025 | |
Borrowings, interest rate | 1.275% | |
ENI SpA | Euro Medium Term Notes Seventeen | ||
Borrowings | ||
Nominal value | € 452 | |
Borrowings | € 452 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2026 | |
Borrowings, interest rate description | variable | |
ENI SpA | Euro Medium Term Notes Eighteen | ||
Borrowings | ||
Nominal value | € 452 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 451 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2026 | |
Borrowings, interest rate description | variable | |
ENI SpA | Euro Medium Term Notes Nineteen | ||
Borrowings | ||
Nominal value | € 100 | |
Discount on bond issue and accrued expenses | 4 | |
Borrowings | € 104 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 5.441% | |
ENI SpA | Euro Medium Term Notes Twenty | ||
Borrowings | ||
Nominal value | € 75 | |
Discount on bond issue and accrued expenses | 2 | |
Borrowings | € 77 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2043 | |
Borrowings, interest rate | 3.875% | |
ENI SpA | Euro Medium Term Notes Twenty One | ||
Borrowings | ||
Nominal value | € 70 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 71 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2032 | |
Borrowings, interest rate | 4% | |
ENI SpA | Euro Medium Term Notes Twenty Two | ||
Borrowings | ||
Nominal value | € 50 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 49 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2031 | |
Borrowings, interest rate | 4.80% | |
ENI SpA | Euro Medium Term Notes Twenty Three | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 999 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 0.375% | |
ENI SpA | Euro Medium Term Notes Twenty Four | ||
Borrowings | ||
Nominal value | € 750 | |
Discount on bond issue and accrued expenses | 14 | |
Borrowings | € 764 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2027 | |
Borrowings, interest rate | 3.625% | |
ENI SpA | Other bonds One | ||
Borrowings | ||
Nominal value | € 905 | |
Discount on bond issue and accrued expenses | 7 | |
Borrowings | € 912 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 4.75% | |
ENI SpA | Other bonds Two | ||
Borrowings | ||
Nominal value | € 905 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 906 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2029 | |
Borrowings, interest rate | 4.25% | |
ENI SpA | Other bonds Four | ||
Borrowings | ||
Nominal value | € 317 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 318 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2040 | |
Borrowings, interest rate | 5.70% | |
ENI SpA | Other bonds Six | ||
Borrowings | ||
Nominal value | € 2,000 | |
Discount on bond issue and accrued expenses | 44 | |
Borrowings | € 2,044 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 4.30% | |
Eni USA Inc | Other bonds Three | ||
Borrowings | ||
Nominal value | € 362 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 363 | |
Borrowings, original currency | USD | |
Borrowings, maturity | 2027 | |
Borrowings, interest rate | 7.30% | |
Eni PLT Wind 2022 SpA | Other bonds Five | ||
Borrowings | ||
Nominal value | € 17 | |
Borrowings | € 17 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2031 | |
Borrowings, interest rate description | variable |
Finance debt - Convertible seni
Finance debt - Convertible senior unsecured sustainability-linked bonds (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Borrowings | ||
Borrowings | € 28,729 | € 26,917 |
Convertible senior unsecured sustainability-linked bond | ||
Borrowings | ||
Nominal value | 1,000 | |
ENI SpA | of which financial liabilities | ||
Borrowings | ||
Nominal value | 920 | |
Discount on bond issue and accrued expenses | 6 | |
Borrowings | € 926 | |
Borrowings, original currency | EUR | |
ENI SpA | of which equity | ||
Borrowings | ||
Nominal value | € 80 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 79 | |
Borrowings, original currency | EUR | |
ENI SpA | Convertible senior unsecured sustainability-linked bond | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 5 | |
Borrowings | € 1,005 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2030 | |
Borrowings, interest rate | 2.95% |
Finance debt - Currency of long
Finance debt - Currency of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Borrowings | ||
Borrowings | € 28,729 | € 26,917 |
Short term debt | ||
Borrowings | ||
Borrowings | 4,092 | 4,446 |
Short term debt | Euro | ||
Borrowings | ||
Borrowings | 3,469 | 3,994 |
Short term debt | U.S. dollars | ||
Borrowings | ||
Borrowings | 614 | 337 |
Short term debt | Other Currency [Member] | ||
Borrowings | ||
Borrowings | 9 | 115 |
Long term debt and current portion of long-term debt | ||
Borrowings | ||
Borrowings | 24,637 | 22,471 |
Long term debt and current portion of long-term debt | Euro | ||
Borrowings | ||
Borrowings | 20,293 | 17,171 |
Long term debt and current portion of long-term debt | U.S. dollars | ||
Borrowings | ||
Borrowings | 4,342 | 5,298 |
Long term debt and current portion of long-term debt | Other Currency [Member] | ||
Borrowings | ||
Borrowings | € 2 | € 2 |
Finance debt - Currency of lo_2
Finance debt - Currency of long-term debt percentage (Details) - Average | Dec. 31, 2023 | Dec. 31, 2022 |
Short term debt | Euro | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 3.30% | 0.90% |
Short term debt | U.S. dollars | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 5.50% | 2.20% |
Short term debt | Other Currency [Member] | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 2.50% | |
Long term debt and current portion of long-term debt | Euro | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 2.40% | 1.80% |
Long term debt and current portion of long-term debt | U.S. dollars | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 5.90% | 5.10% |
Long term debt and current portion of long-term debt | Other Currency [Member] | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 5.90% | 2.40% |
Finance debt - Undrawn committe
Finance debt - Undrawn committed borrowing facilities (Details) - Committed borrowing facilities - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Borrowings | ||
Borrowing facilities | € 9,120 | € 8,298 |
Long-term debt with current portion of long-term | ||
Borrowings | ||
Borrowing facilities | 9,015 | 8,172 |
Short-term debt | ||
Borrowings | ||
Borrowing facilities | 105 | 126 |
Undrawn | Long-term debt with current portion of long-term | Sustainability-linked credit facilities [member] | ||
Borrowings | ||
Borrowing facilities | 9,000 | 8,100 |
Undrawn | Long-term debt with current portion of long-term | Other borrowing facilities | ||
Borrowings | ||
Borrowing facilities | 12 | 2 |
Undrawn | Short-term debt | Sustainability-linked credit facilities [member] | ||
Borrowings | ||
Borrowing facilities | 38 | 43 |
Drawn | Long-term debt with current portion of long-term | Other borrowing facilities | ||
Borrowings | ||
Borrowing facilities | 3 | 70 |
Drawn | Short-term debt | Sustainability-linked credit facilities [member] | ||
Borrowings | ||
Borrowing facilities | € 67 | € 83 |
Finance debt - Fair value of lo
Finance debt - Fair value of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Borrowings | ||
Financial liabilities, at fair value | € 24,243 | € 21,011 |
Long-term and current portion of long-term ordinary bonds and sustainability-linked bond | ||
Borrowings | ||
Financial liabilities, at fair value | 21,025 | 18,167 |
Long-term and current portion of long-term convertible sustainability-linked bonds | ||
Borrowings | ||
Financial liabilities, at fair value | 1,061 | |
Long-term and current portion of long-term bank debt | ||
Borrowings | ||
Financial liabilities, at fair value | 1,652 | 2,733 |
Long-term and current portion of long-term debt with other financial institutions | ||
Borrowings | ||
Financial liabilities, at fair value | € 505 | € 111 |
Finance debt - Changes in liabi
Finance debt - Changes in liabilities arising from financing activities (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Borrowings | ||
Carrying amount at beginning | € 31,868 | € 33,131 |
Cash flows | (648) | (3,563) |
Currency translation differences | (78) | 1,044 |
Changes in the scope of consolidation | 403 | (1,571) |
Other non-monetary changes | 2,520 | 2,827 |
Carrying amount at end | 34,065 | 31,868 |
Long-term debt and current portion of long-term debt | ||
Borrowings | ||
Carrying amount at beginning | 22,471 | 25,495 |
Cash flows | 1,810 | (3,944) |
Currency translation differences | (144) | 208 |
Changes in the scope of consolidation | 38 | 477 |
Other non-monetary changes | 462 | 235 |
Carrying amount at end | 24,637 | 22,471 |
Short-term debt | ||
Borrowings | ||
Carrying amount at beginning | 4,446 | 2,299 |
Cash flows | (1,495) | 1,375 |
Currency translation differences | 182 | 547 |
Changes in the scope of consolidation | 352 | (95) |
Other non-monetary changes | 607 | 320 |
Carrying amount at end | 4,092 | 4,446 |
Long-term and current portion of long-term lease liabilities | ||
Borrowings | ||
Carrying amount at beginning | 4,951 | 5,337 |
Cash flows | (963) | (994) |
Currency translation differences | (116) | 289 |
Changes in the scope of consolidation | 13 | (1,953) |
Other non-monetary changes | 1,451 | 2,272 |
Carrying amount at end | € 5,336 | € 4,951 |
Finance debts - Additional info
Finance debts - Additional information (Details) € in Millions | 12 Months Ended | |
Dec. 31, 2023 EUR (€) NUMBER MT GW | Dec. 31, 2022 EUR (€) | |
Borrowings | ||
Increase (decrease) in finance debts | € 1,812 | |
Debts subjected to covenants | 732 | € 862 |
Borrowings | 28,729 | € 26,917 |
Sustainability-linked contracts with banks | ||
Borrowings | ||
Borrowings | 701 | |
Euro Medium Term Notes, Ordinary Bonds with sustainability-linked bonds | ||
Borrowings | ||
Nominal value | 16,778 | |
Borrowings | 16,931 | |
Maximum amount issuable | 20 | |
Proceeds from issue of bonds | 1,250 | |
Sustainability-linked bonds for retail investors | ||
Borrowings | ||
Proceeds from issue of bonds | 2,000 | |
Ordinary Bonds with sustainability-linked bonds | ||
Borrowings | ||
Nominal value | 21,284 | |
Borrowings | 21,491 | |
Proceeds from issue of bonds | € 4,000 | |
Number of bonds | NUMBER | 2 | |
Ordinary Bonds with sustainability-linked bonds | Not later than 18 months | ||
Borrowings | ||
Borrowings | € 2,821 | |
Ordinary Bonds with sustainability-linked bonds | Minimum | ||
Borrowings | ||
Renewable energy capacity target by year end 2025 | GW | 5 | |
Ordinary Bonds with sustainability-linked bonds | Maximum | ||
Borrowings | ||
Net carbon footprint upstream target by year end 2025 | MT | 5.2 | |
Euro Medium Term Notes, Ordinary sustainability-linked bonds, one | ||
Borrowings | ||
Nominal value | € 1,000 | |
Proceeds from issue of bonds | € 750 | |
Euro Medium Term Notes, Ordinary sustainability-linked bonds, one | Minimum | ||
Borrowings | ||
Renewable energy capacity target by year end 2025 | GW | 5 | |
Euro Medium Term Notes, Ordinary sustainability-linked bonds, one | Maximum | ||
Borrowings | ||
Net carbon footprint upstream target by year end 2024 | MT | 7.4 |
Finance debts - Additional in_2
Finance debts - Additional information (Details 1) - EUR (€) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Borrowings | ||
Changes in the scope of consolidation | € 403,000,000 | € (1,571,000,000) |
Lease liabilities assumptions | 1,584,000,000 | € 2,401,000,000 |
Trade payables on which payment term extensions have been negotiated | € 1,047,000,000 | |
Minimum | ||
Borrowings | ||
Discount rates used to measure fair value of financial debt | 1.90% | 1.80% |
Maximum | ||
Borrowings | ||
Discount rates used to measure fair value of financial debt | 5.20% | 5.10% |
Novamont group | ||
Borrowings | ||
Changes in the scope of consolidation | € 211,000,000 | |
Plenitude | ||
Borrowings | ||
Changes in the scope of consolidation | 33,000,000 | |
Committed borrowing facilities | ||
Borrowings | ||
Borrowing facilities | 9,120,000,000 | € 8,298,000,000 |
Convertible senior unsecured sustainability-linked bond | ||
Borrowings | ||
Nominal value | € 1,000,000,000 | |
Bond expiry | 7 years | |
Percentage of par value of bonds (as a percent) | 100% | |
Annual fixed coupon rate of bonds (as a percent) | 2.95% | |
Bond conversion price | 17.5513 | |
Bond reference price | 14.6261 | |
Convertible senior unsecured sustainability-linked bond | Minimum | ||
Borrowings | ||
Bond premium with respect to share reference price at date of issuance (as a percent) | 20% |
Information on net borrowing (D
Information on net borrowing (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Borrowings | |||
A. Cash | € 3,731 | € 3,351 | |
B. Cash equivalents | 6,462 | 6,804 | |
C. Other current financial assets | 7,637 | 9,736 | |
D Liquidity (A+B+C) | 17,830 | 19,891 | |
E. Current financial debt | 6,057 | 6,588 | |
F. Current portion of non-current financial debt | 2,084 | 1,839 | |
G. Current financial indebtedness (E+F) | 8,141 | 8,427 | |
H. Net current financial indebtedness (G-D) | (9,689) | (11,464) | |
I. Non-current financial debt | 5,472 | 6,073 | |
J. Debt instruments | 20,452 | 17,368 | |
Total non-current financial liabilities | 25,924 | 23,441 | |
M. Total financial indebtedness (H+L) | 16,235 | 11,977 | |
Restricted cash | 205 | 97 | |
Lease liabilities | 5,336 | 4,951 | € 5,337 |
Current portion of long-term lease liabilities | |||
Borrowings | |||
Lease liabilities | 1,128 | 884 | 948 |
Long-term lease liabilities | |||
Borrowings | |||
Lease liabilities | 4,208 | 4,067 | € 4,389 |
Joint operations | |||
Borrowings | |||
Lease liabilities | € 480 | € 494 |
Provisions (Details)
Provisions (Details) € in Millions | 12 Months Ended |
Dec. 31, 2023 EUR (€) | |
Provisions | |
Carrying amount at beginning of period | € 15,267 |
New or increased provisions | 1,935 |
Initial recognition and changes in estimates | 748 |
Accretion discount | 341 |
Reversal of utilized provisions | (1,661) |
Reversal of unutilized provisions | (516) |
Currency translation differences | (178) |
Changes in scope of consolidation | 88 |
Other changes | (491) |
Carrying amount at end of period | 15,533 |
Provisions for site restoration, abandonment and social projects | |
Provisions | |
Carrying amount at beginning of period | 9,322 |
New or increased provisions | 310 |
Initial recognition and changes in estimates | 748 |
Accretion discount | 284 |
Reversal of utilized provisions | (731) |
Reversal of unutilized provisions | (5) |
Currency translation differences | (156) |
Changes in scope of consolidation | 88 |
Other changes | (390) |
Carrying amount at end of period | 9,470 |
Environmental provisions | |
Provisions | |
Carrying amount at beginning of period | 3,503 |
New or increased provisions | 783 |
Accretion discount | 57 |
Reversal of utilized provisions | (476) |
Reversal of unutilized provisions | (224) |
Currency translation differences | (2) |
Other changes | (28) |
Carrying amount at end of period | 3,613 |
Provisions for litigations | |
Provisions | |
Carrying amount at beginning of period | 947 |
New or increased provisions | 132 |
Reversal of utilized provisions | (202) |
Reversal of unutilized provisions | (219) |
Currency translation differences | (11) |
Other changes | 34 |
Carrying amount at end of period | 681 |
Provisions for taxes other than income taxes | |
Provisions | |
Carrying amount at beginning of period | 219 |
New or increased provisions | 16 |
Reversal of utilized provisions | (16) |
Reversal of unutilized provisions | (8) |
Currency translation differences | (4) |
Other changes | (24) |
Carrying amount at end of period | 183 |
Loss adjustments and actuarial provisions for Eni's insurance companies | |
Provisions | |
Carrying amount at beginning of period | 327 |
New or increased provisions | 97 |
Reversal of utilized provisions | (161) |
Other changes | (18) |
Carrying amount at end of period | 245 |
Provisions for losses on investments | |
Provisions | |
Carrying amount at beginning of period | 189 |
New or increased provisions | 20 |
Reversal of unutilized provisions | (15) |
Currency translation differences | (1) |
Other changes | 15 |
Carrying amount at end of period | 208 |
Provisions for Everen (ex OIL) insurance cover | |
Provisions | |
Carrying amount at beginning of period | 97 |
New or increased provisions | 3 |
Reversal of unutilized provisions | (4) |
Other changes | 9 |
Carrying amount at end of period | 105 |
Miscellaneous other provisions | |
Provisions | |
Carrying amount at beginning of period | 663 |
New or increased provisions | 574 |
Reversal of utilized provisions | (75) |
Reversal of unutilized provisions | (41) |
Currency translation differences | (4) |
Other changes | (89) |
Carrying amount at end of period | € 1,028 |
Provisions - Additional informa
Provisions - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Provisions | ||
Provisions | € 15,533 | € 15,267 |
New or increased provisions | 1,935 | |
Changes in scope of consolidation | 88 | |
Reversal of utilized provisions | (1,661) | |
ISAF SpA | ||
Provisions | ||
Provisions | 168 | |
Natural gas and oil products | Exploration & Production | ||
Provisions | ||
Short-term portion of the risk provisions | 1.3 | |
Provisions for site restoration, abandonment and social projects | ||
Provisions | ||
Provisions | 9,470 | € 9,322 |
New or increased provisions | 310 | |
Changes in scope of consolidation | 88 | |
Reversal of utilized provisions | € (731) | |
Provisions for site restoration, abandonment and social projects | Minimum | ||
Provisions | ||
Discount rate | 2.20% | 0.30% |
Provisions for site restoration, abandonment and social projects | Maximum | ||
Provisions | ||
Discount rate | 5.40% | 6.10% |
Provisions for site restoration, abandonment and social projects | Exploration & Production | ||
Provisions | ||
Changes in scope of consolidation | € 87 | |
Period to incur expenditures | 50 years | |
Threshold period to start utilizations essentially | 12 months | |
Estimated costs for social projects | ||
Provisions | ||
New or increased provisions | € 185 | |
Estimated costs for social projects | Exploration & Production | ||
Provisions | ||
Provisions | 817 | |
Estimated costs for social projects | Exploration & Production | Basilicata region [member] | ||
Provisions | ||
Provisions | 442 | |
Provisions for site restoration | Global Gas & LNG Portfolio | ||
Provisions | ||
Provisions | 8,027 | |
Provisions for site abandonment | ||
Provisions | ||
New or increased provisions | 92 | |
Provisions for site restoration and abandonment | ||
Provisions | ||
New or increased provisions | 33 | |
Provisions for site restoration and abandonment | Enilive and Refining [member] | ||
Provisions | ||
Provisions | 547 | |
Environmental provisions | ||
Provisions | ||
Provisions | 3,613 | € 3,503 |
New or increased provisions | 783 | |
Reversal of utilized provisions | (476) | |
Environmental provisions | Eni Rewind SpA | ||
Provisions | ||
Provisions | 2,391 | |
Environmental provisions | Enilive and Refining [member] | ||
Provisions | ||
Provisions | 739 | |
Provisions for current groundwater remediation activities | ||
Provisions | ||
New or increased provisions | 283 | |
Provisions for refining plants, depots, fuel distribution systems and oil pipelines [member] | ||
Provisions | ||
New or increased provisions | 200 | |
Provisions for remediation activities at petrochemical plants [member] | ||
Provisions | ||
New or increased provisions | 58 | |
Provisions for litigations | ||
Provisions | ||
Provisions | 681 | 947 |
New or increased provisions | 132 | |
Reversal of utilized provisions | (202) | |
Provisions for litigations | Exploration & Production | ||
Provisions | ||
Provisions | 290 | |
Provisions for taxes other than income taxes | ||
Provisions | ||
Provisions | 183 | 219 |
New or increased provisions | 16 | |
Reversal of utilized provisions | (16) | |
Provisions for taxes other than income taxes | Exploration & Production | ||
Provisions | ||
Provisions | 154 | |
Loss adjustments and actuarial provisions for Eni's insurance companies | ||
Provisions | ||
Provisions | 245 | 327 |
New or increased provisions | 97 | |
Reversal of utilized provisions | (161) | |
Reinsurance receivables | 38 | |
Provisions for losses on investments | ||
Provisions | ||
Provisions | 208 | 189 |
New or increased provisions | 20 | |
Provisions for Everen (ex OIL) insurance cover | ||
Provisions | ||
Provisions | 105 | € 97 |
New or increased provisions | € 3 | |
Period for charging increased insurance premiums | 5 years |
Provisions for employee benef_3
Provisions for employee benefits (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | € 748 | € 786 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 353 | 341 |
Defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 395 | 445 |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 156 | 177 |
Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 121 | 142 |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | € 118 | € 126 |
Provisions for employee benef_4
Provisions for employee benefits - Present value of employee benefits, estimated by applying actuarial techniques (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | € 786 | |
Net benefit liability (asset) at end of year | 748 | € 786 |
Other benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 341 | |
Net benefit liability (asset) at end of year | 353 | 341 |
Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 445 | |
Net benefit liability (asset) at end of year | 395 | 445 |
Italian defined benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 177 | |
Net benefit liability (asset) at end of year | 156 | 177 |
Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 142 | |
Net benefit liability (asset) at end of year | 121 | 142 |
FISDE and other foreign medical plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 126 | |
Net benefit liability (asset) at end of year | 118 | 126 |
Present value of benefit liabilities | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 1,288 | 1,451 |
Current service cost | 64 | 67 |
Interest cost/income | 49 | 29 |
Remeasurements: | 28 | (199) |
- actuarial (gains) losses due to changes in demographic assumptions | 1 | 7 |
- actuarial (gains) losses due to changes in financial assumptions | 15 | (228) |
- experience (gains) losses | 12 | 22 |
Past service cost and (gains) losses settlements | 84 | 127 |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (182) | (153) |
Reclassification to liabilities directly associated with assets held for sale | (155) | (4) |
Currency translation differences and other changes | (170) | (31) |
Net defined benefit liability (asset) at end of year | 1,007 | 1,288 |
Present value of benefit liabilities | Other benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 341 | 301 |
Current service cost | 51 | 52 |
Interest cost/income | 10 | 1 |
Remeasurements: | (2) | (22) |
- actuarial (gains) losses due to changes in demographic assumptions | (1) | (2) |
- actuarial (gains) losses due to changes in financial assumptions | 1 | (15) |
- experience (gains) losses | (2) | (5) |
Past service cost and (gains) losses settlements | 91 | 127 |
Benefits paid | (97) | (87) |
Reclassification to liabilities directly associated with assets held for sale | (2) | |
Currency translation differences and other changes | (39) | (31) |
Net defined benefit liability (asset) at end of year | 353 | 341 |
Present value of benefit liabilities | Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 947 | 1,150 |
Current service cost | 13 | 15 |
Interest cost/income | 39 | 28 |
Remeasurements: | 30 | (177) |
- actuarial (gains) losses due to changes in demographic assumptions | 2 | 9 |
- actuarial (gains) losses due to changes in financial assumptions | 14 | (213) |
- experience (gains) losses | 14 | 27 |
Past service cost and (gains) losses settlements | (7) | |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (85) | (66) |
Reclassification to liabilities directly associated with assets held for sale | (153) | (4) |
Currency translation differences and other changes | (131) | |
Net defined benefit liability (asset) at end of year | 654 | 947 |
Present value of benefit liabilities | Italian defined benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 177 | 227 |
Current service cost | 1 | 1 |
Interest cost/income | 6 | 2 |
Remeasurements: | 5 | (26) |
- actuarial (gains) losses due to changes in demographic assumptions | 1 | |
- actuarial (gains) losses due to changes in financial assumptions | 4 | (34) |
- experience (gains) losses | 8 | |
Past service cost and (gains) losses settlements | 2 | |
Benefits paid | (37) | (28) |
Currency translation differences and other changes | 2 | 1 |
Net defined benefit liability (asset) at end of year | 156 | 177 |
Present value of benefit liabilities | Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 644 | 761 |
Current service cost | 10 | 11 |
Interest cost/income | 29 | 24 |
Remeasurements: | 24 | (118) |
- actuarial (gains) losses due to changes in demographic assumptions | 1 | 9 |
- actuarial (gains) losses due to changes in financial assumptions | 8 | (144) |
- experience (gains) losses | 15 | 17 |
Past service cost and (gains) losses settlements | (13) | |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (39) | (30) |
Reclassification to liabilities directly associated with assets held for sale | (147) | (2) |
Currency translation differences and other changes | (129) | (3) |
Net defined benefit liability (asset) at end of year | 380 | 644 |
Present value of benefit liabilities | FISDE and other foreign medical plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 126 | 162 |
Current service cost | 2 | 3 |
Interest cost/income | 4 | 2 |
Remeasurements: | 1 | (33) |
- actuarial (gains) losses due to changes in financial assumptions | 2 | (35) |
- experience (gains) losses | (1) | 2 |
Past service cost and (gains) losses settlements | 4 | |
Benefits paid | (9) | (8) |
Reclassification to liabilities directly associated with assets held for sale | (6) | (2) |
Currency translation differences and other changes | (4) | 2 |
Net defined benefit liability (asset) at end of year | 118 | 126 |
Plan assets | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 503 | 633 |
Interest cost/income | 19 | 18 |
Return on plan assets | (117) | |
Past service cost and (gains) losses settlements | (1) | |
Plan contributions: | 25 | 14 |
- employee contributions | 1 | 1 |
- employer contributions | 24 | 13 |
Benefits paid | (31) | (21) |
Currency translation differences and other changes | (132) | (23) |
Reclassification to liabilities directly associated with assets held for sale | (123) | |
Net benefit liability (asset) at end of year | 261 | 503 |
Plan assets | Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 503 | 633 |
Interest cost/income | 19 | 18 |
Return on plan assets | (117) | |
Past service cost and (gains) losses settlements | (1) | |
Plan contributions: | 25 | 14 |
- employee contributions | 1 | 1 |
- employer contributions | 24 | 13 |
Benefits paid | (31) | (21) |
Currency translation differences and other changes | (132) | (23) |
Reclassification to liabilities directly associated with assets held for sale | (123) | |
Net benefit liability (asset) at end of year | 261 | 503 |
Plan assets | Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 503 | |
Net defined benefit liability (asset) at end of year | 503 | |
Net benefit liability (asset) at beginning of year | 503 | 633 |
Interest cost/income | 19 | 18 |
Return on plan assets | (117) | |
Past service cost and (gains) losses settlements | (1) | |
Plan contributions: | 25 | 14 |
- employee contributions | 1 | 1 |
- employer contributions | 24 | 13 |
Benefits paid | (31) | (21) |
Currency translation differences and other changes | (132) | (23) |
Reclassification to liabilities directly associated with assets held for sale | (123) | |
Net benefit liability (asset) at end of year | 261 | 503 |
Asset ceiling | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 1 | 1 |
Change in asset ceiling | 1 | |
Net benefit liability (asset) at end of year | 2 | 1 |
Asset ceiling | Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 1 | 1 |
Change in asset ceiling | 1 | |
Net benefit liability (asset) at end of year | 2 | 1 |
Asset ceiling | Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 1 | 1 |
Change in asset ceiling | 1 | |
Net benefit liability (asset) at end of year | € 2 | € 1 |
Provisions for employee benef_5
Provisions for employee benefits - Costs charged to the profit and loss account (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | € 64 | € 67 |
Past service cost and (gains) losses on settlements | 84 | 127 |
- interest cost on liabilities | 49 | 29 |
- interest income on plan assets | (19) | (18) |
Interest cost (income), net | 30 | 11 |
Remeasurements for long-term plans | (2) | (22) |
Administrative fees paid | 1 | |
Total | 176 | 184 |
Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 10 | 1 |
Total | 156 | 174 |
Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 20 | 10 |
Total | 20 | 10 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 51 | 52 |
Past service cost and (gains) losses on settlements | 91 | 127 |
- interest cost on liabilities | 10 | 1 |
Interest cost (income), net | 10 | 1 |
Remeasurements for long-term plans | (2) | (22) |
Total | 150 | 158 |
Other benefit plans | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 10 | 1 |
Total | 150 | 158 |
Defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 13 | 15 |
Past service cost and (gains) losses on settlements | (7) | |
- interest cost on liabilities | 39 | 28 |
- interest income on plan assets | (19) | (18) |
Interest cost (income), net | 20 | 10 |
Administrative fees paid | 1 | |
Total | 26 | 26 |
Defined benefit plan | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 10 | |
Total | 6 | 16 |
Defined benefit plan | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 20 | |
Total | 20 | 10 |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 1 | 1 |
Past service cost and (gains) losses on settlements | 2 | |
- interest cost on liabilities | 6 | 2 |
Interest cost (income), net | 6 | 2 |
Total | 9 | 3 |
Italian defined benefit plans | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | 3 | 1 |
Italian defined benefit plans | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 6 | 2 |
Total | 6 | 2 |
Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 10 | 11 |
Past service cost and (gains) losses on settlements | (13) | |
- interest cost on liabilities | 29 | 24 |
- interest income on plan assets | (19) | (18) |
Interest cost (income), net | 10 | 6 |
Administrative fees paid | 1 | |
Total | 7 | 18 |
Foreign defined benefit plan | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | (3) | 12 |
Foreign defined benefit plan | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 10 | 6 |
Total | 10 | 6 |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 2 | 3 |
Past service cost and (gains) losses on settlements | 4 | |
- interest cost on liabilities | 4 | 2 |
Interest cost (income), net | 4 | 2 |
Total | 10 | 5 |
FISDE and other foreign medical plans | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | 6 | 3 |
FISDE and other foreign medical plans | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 4 | 2 |
Total | € 4 | € 2 |
Provisions for employee benef_6
Provisions for employee benefits - Costs of defined benefit plans recognized in other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | € 2 | € 9 | |
Actuarial (gains)/losses due to changes in financial assumptions | 14 | (213) | |
Experience (gains) losses | 14 | 27 | |
Return on plan assets | 117 | ||
Change in asset ceiling | 1 | ||
Remeasurements | 31 | (60) | € (119) |
Italian defined benefit plans | |||
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | 1 | ||
Actuarial (gains)/losses due to changes in financial assumptions | 4 | (34) | |
Experience (gains) losses | 8 | ||
Remeasurements | 5 | (26) | |
Foreign defined benefit plan | |||
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | 1 | 9 | |
Actuarial (gains)/losses due to changes in financial assumptions | 8 | (144) | |
Experience (gains) losses | 15 | 17 | |
Return on plan assets | 117 | ||
Change in asset ceiling | 1 | ||
Remeasurements | 25 | (1) | |
FISDE and other foreign medical plans | |||
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in financial assumptions | 2 | (35) | |
Experience (gains) losses | (1) | 2 | |
Remeasurements | € 1 | € (33) |
Provisions for employee benef_7
Provisions for employee benefits - Plan assets (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Benefit Plans [Line Items] | ||
Cash and cash equivalents | € 4 | € 23 |
Equity securities | 24 | 25 |
Debt securities | 121 | 260 |
Real estate | 11 | 11 |
Derivatives | 55 | 4 |
Investment funds | 4 | |
Assets held by insurance companies | 31 | 30 |
Other | 15 | 146 |
Total | 261 | 503 |
Level 1 | ||
Disclosure Of Benefit Plans [Line Items] | ||
Cash and cash equivalents | 4 | 23 |
Equity securities | 24 | 25 |
Debt securities | 121 | 260 |
Real estate | 11 | 11 |
Derivatives | 55 | 4 |
Investment funds | 4 | |
Assets held by insurance companies | 5 | 26 |
Other | 15 | 146 |
Total | 235 | 499 |
Level 2 and 3 of fair value hierarchy | ||
Disclosure Of Benefit Plans [Line Items] | ||
Assets held by insurance companies | 26 | 4 |
Total | € 26 | € 4 |
Provisions for employee benef_8
Provisions for employee benefits - Actuarial assumptions used in the measurement of the liabilities (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Rate of price inflation | 2% | 2.40% |
Other benefit plans | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.10% | 3.40% |
Other benefit plans | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.30% | 3.70% |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.10% | 3.70% |
Rate of compensation increase | 3% | 3.40% |
Rate of price inflation | 2% | 2.40% |
Foreign defined benefit plan | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 1.40% | 2.20% |
Rate of compensation increase | 1.90% | 1.90% |
Rate of price inflation | 1.20% | 1.20% |
Life expectations on retirement at age 65 | 14 years | 13 years |
Foreign defined benefit plan | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 25.90% | 15.40% |
Rate of compensation increase | 20% | 12.50% |
Rate of price inflation | 15.50% | 11.50% |
Life expectations on retirement at age 65 | 23 years | 24 years |
FISDE | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.10% | 3.70% |
Rate of price inflation | 2% | 2.40% |
Life expectations on retirement at age 65 | 24 years | 24 years |
Provisions for employee benef_9
Provisions for employee benefits - Analysis by geographical area related to the main actuarial assumptions (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Minimum | Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 1.40% | 2.20% |
Rate of compensation increase | 1.90% | 1.90% |
Rate of price inflation | 1.20% | 1.20% |
Life expectations on retirement at age 65 | 14 years | 13 years |
Maximum | Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 25.90% | 15.40% |
Rate of compensation increase | 20% | 12.50% |
Rate of price inflation | 15.50% | 11.50% |
Life expectations on retirement at age 65 | 23 years | 24 years |
Euro Area | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.20% | 3.50% |
Rate of compensation increase | 1.90% | 1.90% |
Rate of price inflation | 1.90% | 1.90% |
Life expectations on retirement at age 65 | 21 years | 21 years |
Euro Area | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.30% | 3.80% |
Rate of compensation increase | 3% | 3% |
Rate of price inflation | 2.10% | 2.20% |
Life expectations on retirement at age 65 | 23 years | 22 years |
Rest of Europe | ||
Disclosure Of Benefit Plans [Line Items] | ||
Rate of compensation increase | 3% | |
Life expectations on retirement at age 65 | 23 years | |
Rest of Europe | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 1.40% | 2.20% |
Rate of compensation increase | 3% | |
Rate of price inflation | 1.20% | 1.20% |
Life expectations on retirement at age 65 | 23 years | |
Rest of Europe | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 4.50% | 4.80% |
Rate of compensation increase | 4% | |
Rate of price inflation | 3.40% | 3.50% |
Life expectations on retirement at age 65 | 24 years | |
Africa | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.20% | 3.80% |
Rate of compensation increase | 5% | 1.90% |
Rate of price inflation | 3.10% | 3% |
Life expectations on retirement at age 65 | 14 years | 13 years |
Africa | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 25.90% | 15.40% |
Rate of compensation increase | 20% | 12.50% |
Rate of price inflation | 15.50% | 11.50% |
Life expectations on retirement at age 65 | 18 years | 17 years |
Other areas | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 6.90% | 7% |
Rate of compensation increase | 5% | 5% |
Rate of price inflation | 3.50% | 3% |
Provisions for employee bene_10
Provisions for employee benefits - Maturity analysis (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 748 | € 786 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 353 | € 341 |
Other benefit plans | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of benefit obligation | 2 years 3 months 18 days | 2 years 6 months |
Other benefit plans | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 107 | € 94 |
Other benefit plans | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 103 | 95 |
Other benefit plans | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 86 | 85 |
Other benefit plans | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 30 | 30 |
Other benefit plans | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 14 | 16 |
Other benefit plans | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 13 | 21 |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 156 | € 177 |
Italian defined benefit plans | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of defined benefit obligation | 6 years 9 months 18 days | 7 years 6 months |
Italian defined benefit plans | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 14 | € 14 |
Italian defined benefit plans | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 13 | 13 |
Italian defined benefit plans | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 14 | 14 |
Italian defined benefit plans | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 16 | 17 |
Italian defined benefit plans | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 18 | 15 |
Italian defined benefit plans | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 81 | 104 |
Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 121 | € 142 |
Foreign defined benefit plan | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of defined benefit obligation | 13 years 7 months 6 days | 13 years 2 months 12 days |
Foreign defined benefit plan | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 24 | € 29 |
Foreign defined benefit plan | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 22 | 28 |
Foreign defined benefit plan | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 23 | 26 |
Foreign defined benefit plan | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 22 | 35 |
Foreign defined benefit plan | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 23 | 31 |
Foreign defined benefit plan | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | (7) |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 118 | € 126 |
FISDE and other foreign medical plans | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of defined benefit obligation | 10 years 9 months 18 days | 11 years 6 months |
FISDE and other foreign medical plans | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 9 | € 7 |
FISDE and other foreign medical plans | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 9 | 7 |
FISDE and other foreign medical plans | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 79 | € 91 |
Provisions for employee bene_11
Provisions for employee benefits - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 748 | € 786 |
Estimate of contributions expected to be paid to plan for next annual reporting period | 147 | 40 |
Defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 395 | 445 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 353 | € 341 |
Deferred monetary incentive plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 120 | |
Expansion contracts for workers | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 118 | |
Isopensione | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 77 | |
Jubilee Awards | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 26 | |
Other Long term Plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 12 |
Deferred tax assets and liabi_3
Deferred tax assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Deferred tax assets and liabilities | ||
Deferred tax liabilities before offsetting | € 8,461 | € 9,315 |
Deferred tax assets available for offset | (3,759) | (4,221) |
Deferred tax liabilities | 4,702 | 5,094 |
Deferred tax assets before offsetting (net of accumulated write-down provisions) | 8,241 | 8,790 |
Deferred tax liabilities available for offset | (3,759) | (4,221) |
Deferred tax assets | € 4,482 | € 4,569 |
Deferred tax assets and liabi_4
Deferred tax assets and liabilities - Significant temporary differences (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Temporary differences | ||
Deferred tax liabilities before offsetting | € 8,461 | € 9,315 |
Deferred tax assets | (8,241) | (8,790) |
Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (13,909) | (14,960) |
Accumulated impairment | ||
Temporary differences | ||
Accumulated write-downs of deferred tax assets | 5,668 | 6,170 |
Accelerated tax depreciation | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 6,028 | 6,707 |
Derivatives | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 451 | 788 |
Derivatives | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (236) | (60) |
Difference between the fair value and the carrying amount of assets acquired | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 305 | 288 |
Site restoration and abandonment (tangible assets) | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 265 | 276 |
Leasing | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 150 | 162 |
Leasing | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (198) | (182) |
Application of the weighted average cost method in evaluation of inventories | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 47 | 52 |
Unused tax losses | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (5,677) | (6,752) |
Site restoration and abandonment (provisions for contingencies) | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,802) | (1,986) |
Timing differences on depreciation and amortization | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,567) | (1,710) |
Impairment losses | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,517) | (1,490) |
Accruals for impairment losses and provisions for contingencies | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,279) | (1,246) |
Employee benefits | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (168) | (161) |
Unrealized intercompany profits | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (57) | (68) |
Over/Under lifting | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (124) | (59) |
Other temporary differences | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 1,215 | 1,042 |
Other temporary differences | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | € (1,284) | € (1,246) |
Deferred tax assets and liabi_5
Deferred tax assets and liabilities - Changes in deferred tax liabilities and assets (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Deferred tax liabilities before offsetting | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | € 9,315 | € 10,668 |
Additions | 654 | 1,176 |
Deductions | (1,099) | (1,351) |
Changes with effect to OCI | (69) | 382 |
Currency translation differences | (247) | 611 |
Change in scope of consolidation | 348 | (1,951) |
Other changes | (441) | (220) |
Deferred tax liability (asset) at end of year | 8,461 | 9,315 |
Deferred tax assets before offsetting, gross | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | (14,960) | (17,150) |
Additions | (2,161) | (2,215) |
Deductions | 2,565 | 2,532 |
Changes with effect to OCI | 223 | (147) |
Currency translation differences | 213 | (610) |
Change in scope of consolidation | (183) | 2,279 |
Other changes | 394 | 351 |
Deferred tax liability (asset) at end of year | (13,909) | (14,960) |
Accumulated impairment | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | 6,170 | 8,604 |
Additions | 639 | 464 |
Deductions | (861) | (2,409) |
Currency translation differences | (68) | 165 |
Change in scope of consolidation | 13 | (549) |
Other changes | (225) | (105) |
Deferred tax liability (asset) at end of year | 5,668 | 6,170 |
Deferred tax assets before offsetting net of accumulated write-down provisions | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | (8,790) | (8,546) |
Additions | (1,522) | (1,751) |
Deductions | 1,704 | 123 |
Changes with effect to OCI | 223 | (147) |
Currency translation differences | 145 | (445) |
Change in scope of consolidation | (170) | 1,730 |
Other changes | 169 | 246 |
Deferred tax liability (asset) at end of year | € (8,241) | € (8,790) |
Deferred tax assets and liabi_6
Deferred tax assets and liabilities - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 21,896 | ||
Carry-forward tax losses indefinitely | 17,319 | ||
Deferred tax assets | € 8,241 | € 8,790 | |
Tax rate | 24% | 24% | 24% |
Italy | |||
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 12,063 | ||
Deferred tax assets | € 538 | ||
Tax rate | 24% | ||
Italy | Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 3,975 | ||
Italy | Unused tax losses | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | 2,895 | ||
Foreign (outside Italy) | |||
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 9,833 | ||
Tax rate | 28.30% | ||
Foreign (outside Italy) | Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 1,693 | ||
Foreign (outside Italy) | Unused tax losses | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 2,782 |
Derivative financial instrume_3
Derivative financial instruments and hedge accounting (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 6,264 | € 17,068 |
Offsetting | (2,895) | (5,863) |
Net amount | 3,369 | 11,205 |
- current | 3,323 | 11,076 |
- non-current | 46 | 129 |
Derivative financial liabilities | 5,462 | 15,191 |
Offsetting | (2,895) | (5,863) |
Net amount | 2,567 | 9,328 |
- current | 2,414 | 9,042 |
- non-current | 153 | 286 |
Non-hedging derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 6,178 | 16,708 |
Derivative financial liabilities | 5,408 | 14,855 |
Non-hedging derivatives | Outright | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 3 | |
Derivative financial liabilities | 12 | |
Non-hedging derivatives | Currency | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 70 | 114 |
Derivative financial liabilities | 252 | 288 |
Non-hedging derivatives | Currency | Currency swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 70 | 110 |
Derivative financial liabilities | 168 | 132 |
Non-hedging derivatives | Currency | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 1 | |
Derivative financial liabilities | 84 | 144 |
Non-hedging derivatives | Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 62 | 137 |
Derivative financial liabilities | 34 | 58 |
Non-hedging derivatives | Interest rate risk | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 62 | 137 |
Derivative financial liabilities | 34 | 58 |
Non-hedging derivatives | Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 6,046 | 16,457 |
Derivative financial liabilities | 5,122 | 14,509 |
Non-hedging derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 3,027 | 6,886 |
Derivative financial liabilities | 2,905 | 5,764 |
Non-hedging derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 2,902 | 9,571 |
Derivative financial liabilities | 2,103 | 8,663 |
Non-hedging derivatives | Commodity price risk | Options | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 106 | |
Derivative financial liabilities | 114 | |
Non-hedging derivatives | Commodity price risk | Options | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 2 | |
Non-hedging derivatives | Commodity price risk | Other contracts | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 11 | |
Derivative financial liabilities | 80 | |
Cash flow hedge derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 86 | 360 |
Derivative financial liabilities | 13 | 192 |
Cash flow hedge derivatives | Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 6 | 21 |
Cash flow hedge derivatives | Interest rate risk | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 21 | |
Cash flow hedge derivatives | Interest rate risk | Interest rate swap contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 6 | |
Cash flow hedge derivatives | Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 80 | 339 |
Derivative financial liabilities | 13 | 192 |
Cash flow hedge derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 339 | |
Derivative financial liabilities | 192 | |
Cash flow hedge derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 80 | |
Derivative financial liabilities | 13 | |
Option contract | Other contracts | Level 3 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 144 | |
Option contract | Other contracts | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 41 | |
Option contract | Currency | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | € 41 | € 144 |
Derivative financial instrume_4
Derivative financial instruments and hedge accounting - Hedging derivative instruments (Details) - Cash flow hedge derivatives € in Millions | 12 Months Ended | |
Dec. 31, 2023 EUR (€) | Dec. 31, 2022 EUR (€) | |
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 438 | 1,560 |
Change in fair value (effective hedge) | € 105 | € (3,883) |
Change in fair value (ineffective hedge) | € 6 | € 275 |
Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 310 | 1,433 |
Change in fair value (effective hedge) | € 124 | € (3,907) |
Change in fair value (ineffective hedge) | € 6 | € 275 |
Commodity price risk | Over the counter contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 310 | 83 |
Change in fair value (effective hedge) | € 147 | € (4) |
Change in fair value (ineffective hedge) | 6 | |
Commodity price risk | Futures contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 1,350 | |
Change in fair value (effective hedge) | € (23) | € (3,912) |
Change in fair value (ineffective hedge) | 275 | |
Commodity price risk | Options | ||
Derivative financial instruments and hedge accounting | ||
Change in fair value (effective hedge) | € 9 | |
Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 128 | 127 |
Change in fair value (effective hedge) | € (19) | € 24 |
Interest rate risk | Interest rate swap contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 128 | 127 |
Change in fair value (effective hedge) | € (19) | € 24 |
Derivative financial instrume_5
Derivative financial instruments and hedge accounting - Underlying asset or liability by type of risk hedged under cash flow hedge (Details) - Cash flow hedge derivatives - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | € (169) | € 4,044 |
CFH reserve | 50 | (483) |
Reclassification adjustments on cash flow hedges, before tax | (436) | (4,677) |
Commodity price risk | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (169) | 4,059 |
CFH reserve | 56 | (499) |
Reclassification adjustments on cash flow hedges, before tax | (436) | (4,666) |
Commodity price risk | Planned sales | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (169) | 4,059 |
CFH reserve | 56 | (499) |
Reclassification adjustments on cash flow hedges, before tax | (436) | (4,666) |
Interest rate risk | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (19) | (15) |
CFH reserve | (6) | 16 |
Reclassification adjustments on cash flow hedges, before tax | (11) | |
Interest rate risk | Hedged flows | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (19) | (15) |
CFH reserve | € (6) | 16 |
Reclassification adjustments on cash flow hedges, before tax | € (11) |
Derivative financial instrume_6
Derivative financial instruments and hedge accounting - Effects recognized in other operating profit (loss) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | € 478 | € (1,736) | € 903 |
Derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | 478 | (1,736) | 903 |
Cash flow hedge derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | 6 | 275 | (51) |
Other derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | € 472 | € (2,011) | € 954 |
Derivative financial instrume_7
Derivative financial instruments and hedge accounting - Effects recognized in finance income (loss) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € (61) | € 13 | € (306) |
Currency | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | (63) | (70) | (322) |
Interest rate risk | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € 2 | 81 | € 16 |
Option contract | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € 2 |
Derivative financial instrume_8
Derivative financial instruments and hedge accounting - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 6,264 | € 17,068 |
Fair value hedges | US Dollars | ||
Derivative financial instruments and hedge accounting | ||
Exchange rate risk deriving from securities | 2,562 | |
Positive (negative) exchange differences from the exposure to the exchange rate risk deriving from securities | 75 | |
Bonds issued | 2,135 | |
Cash flow hedges | Sustainability | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 15 |
Assets held for sale and liab_2
Assets held for sale and liabilities directly associated with assets held for sale (Details) - EUR (€) | Dec. 31, 2023 | Dec. 31, 2022 |
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | € 2,609,000,000 | € 264,000,000 |
Liabilities held for sale | 1,862,000,000 | € 108,000,000 |
Assets and liabilities classified as held for sale [member] | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | 2,597 | |
Liabilities held for sale | 1,862 | |
Assets held for sale, current | 846 | |
Liabilities held for sale, current | € 681 |
Equity - Non-controlling intere
Equity - Non-controlling interest (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Non-controlling Interest | |||
Net Profit | € 89 | € 74 | € 19 |
Equity | 460 | 471 | |
EniPower Group | |||
Non-controlling Interest | |||
Net Profit | 86 | 54 | |
Equity | 406 | 373 | |
Eni Plenitude Group | |||
Non-controlling Interest | |||
Net Profit | 3 | 20 | |
Equity | € 54 | 97 | |
Others | |||
Non-controlling Interest | |||
Equity | € 1 |
Equity (Details)
Equity (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Equity | ||
Share capital | € 4,005 | € 4,005 |
Retained earnings | 32,988 | 23,455 |
Cumulative currency translation differences | 5,238 | 7,564 |
Other reserves and equity instruments: | ||
Perpetual subordinated bonds | 5,000 | 5,000 |
Legal reserve | 959 | 959 |
Reserve for treasury shares | 2,333 | 2,937 |
Reserve for OCI on cash flow hedging derivatives net of tax effect | 36 | (342) |
Reserve for OCI on defined benefit plans net of tax effect | (88) | (58) |
Reserve for OCI on equity-accounted investments | 98 | 46 |
Reserve for OCI on other investments valued at fair value | 98 | 53 |
Reserve for convertible bond issue | 79 | |
Other reserves | 190 | |
Treasury shares | (2,333) | (2,937) |
Profit for the year | 4,771 | 13,887 |
Equity attributable to equity holders of Eni | € 53,184 | € 54,759 |
Equity - Reserves for Other Com
Equity - Reserves for Other Comprehensive Income (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Reserves within equity | ||
Balance | € 55,230 | € 44,519 |
Balance | 53,644 | 55,230 |
Reserve for OCI on cash flow hedge derivatives | ||
Reserves within equity | ||
Balance | (342) | (896) |
Changes of the year | 73 | (2,750) |
Reversal to inventories adjustments | (5) | (6) |
Reclassification adjustments | 310 | 3,310 |
Balance | 36 | (342) |
Reserve for OCI on cash flow hedge derivatives | Gross reserve | ||
Reserves within equity | ||
Balance | (483) | (1,269) |
Changes of the year | 105 | (3,883) |
Reversal to inventories adjustments | (8) | (8) |
Reclassification adjustments | 436 | 4,677 |
Balance | 50 | (483) |
Reserve for OCI on cash flow hedge derivatives | Deferred tax liabilities, gross | ||
Reserves within equity | ||
Balance | 141 | 373 |
Changes of the year | (32) | 1,133 |
Reversal to inventories adjustments | 3 | 2 |
Reclassification adjustments | (126) | (1,367) |
Balance | (14) | 141 |
Reserve for OCI on defined benefit plans | ||
Reserves within equity | ||
Balance | (58) | (117) |
Changes of the year | (21) | 55 |
Currency translation differences | (9) | 1 |
Changes in scope of consolidation | 3 | |
Balance | (88) | (58) |
OCI relating to equity-accounted investments | 1 | 1 |
Reserve for OCI on defined benefit plans | Gross reserve | ||
Reserves within equity | ||
Balance | (20) | (84) |
Changes of the year | (31) | 60 |
Currency translation differences | (43) | 1 |
Changes in scope of consolidation | 3 | |
Balance | (94) | (20) |
Reserve for OCI on defined benefit plans | Deferred tax liabilities, gross | ||
Reserves within equity | ||
Balance | (38) | (33) |
Changes of the year | 10 | (5) |
Currency translation differences | 34 | |
Balance | 6 | (38) |
Reserve for OCI on equity-accounted investments | ||
Reserves within equity | ||
Balance | 46 | 54 |
Changes of the year | 52 | 92 |
Changes in scope of consolidation | 1 | |
Reclassification adjustments | (101) | |
Balance | 98 | 46 |
Reserve for OCI on Investments fair value | ||
Reserves within equity | ||
Balance | 53 | 141 |
Changes of the year | 45 | 56 |
Reclassification to retained earnings | (144) | |
Balance | € 98 | € 53 |
Equity - Reconciliation of net
Equity - Reconciliation of net profit and shareholders' equity of parent company (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Separate to consolidated reconciliation | ||||
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Net profit | € 3,202 | € 7,375 | ||
- adjustments to comply with Group accounting policies, Net profit | (2,266) | 797 | ||
- elimination of unrealized intercompany profits, Net profit | 86 | 124 | ||
- deferred taxation, Net profit | 566 | 262 | ||
Profit (loss) | 4,860 | 13,961 | € 5,840 | |
Non-controlling interest, Net profit | (89) | (74) | (19) | |
Profit (loss), attributable to owners of parent | 4,771 | 13,887 | 5,821 | |
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Shareholders' equity | (814) | (1,302) | ||
- difference between purchase cost and underlying carrying amounts of net equity, Shareholders' equity | 153 | 153 | ||
- adjustments to comply with Group accounting policies, Shareholders' equity | 3,774 | 4,468 | ||
- elimination of unrealized intercompany profits, Shareholders' equity | (437) | (533) | ||
- deferred taxation, Shareholders' equity | (51) | (76) | ||
Equity. | 53,644 | 55,230 | € 44,519 | € 37,493 |
Non-controlling interest | (460) | (471) | ||
As recorded in Consolidated Financial Statements, Shareholders' equity | 53,184 | 54,759 | ||
Eni SpA's Financial Statements | ||||
Separate to consolidated reconciliation | ||||
Profit (loss) | 3,272 | 5,403 | ||
Equity. | € 51,019 | € 52,520 |
Equity - Additional information
Equity - Additional information (Details) | 12 Months Ended | |||||||||||||||
May 10, 2023 EUR (€) NUMBER € / shares shares | Dec. 31, 2023 EUR (€) shares | Dec. 31, 2022 EUR (€) shares | Dec. 31, 2021 EUR (€) | May 11, 2050 | Oct. 13, 2049 | May 11, 2047 | Jan. 13, 2046 | May 11, 2035 | Oct. 13, 2034 | May 11, 2032 | Jan. 13, 2031 | May 11, 2030 | Oct. 13, 2029 | May 11, 2027 | Jan. 13, 2026 | |
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||||||||||
Dividends recognised as distributions to owners per share | € / shares | € 0.94 | |||||||||||||||
Number of treasury shares cancelled | shares | 195,550,084 | 195,550,084 | ||||||||||||||
Reduction of the related reserve due to cancellation of treasury shares | € 2,400,000,000 | |||||||||||||||
Purchase of shares, maximum authorised amount | € 3,500,000,000 | |||||||||||||||
Number of treasury shares purchased | shares | 128,894,264 | |||||||||||||||
Purchase of treasury shares | € 1,837,000,000 | 2,400,000,000 | € 400,000,000 | |||||||||||||
Interim dividend distribution of Eni SpA | 1,500,000,000 | 1,533,000,000 | ||||||||||||||
Costs for the issue of perpetual subordinated bonds | € 15,000,000 | |||||||||||||||
Other reserves | 190,000,000 | |||||||||||||||
Number of treasury shares | shares | 128,894,264 | |||||||||||||||
Treasury shares | € 2,333,000,000 | 2,937,000,000 | ||||||||||||||
Cancellation of treasury shares | € 2,400,000,000 | |||||||||||||||
Treasury shares assigned | shares | 2,326,678 | |||||||||||||||
Distributable reserves | € 43,000,000,000 | |||||||||||||||
Number of tranches for dividend distributions | NUMBER | 4 | |||||||||||||||
Number of shares authorised for purchase of ordinary shares | shares | 337,000,000 | |||||||||||||||
Number of shares authorised for purchase of ordinary shares for the purpose of remunerating shareholders | shares | 275,000,000 | |||||||||||||||
Number of shares authorised for purchase of ordinary shares for setting up the so-called stock store | shares | 62,000,000 | |||||||||||||||
Perpetual subordinated bonds | ||||||||||||||||
Notional amount | 5,000,000,000 | 5,000,000,000 | ||||||||||||||
Perpetual subordinated bond, one | ||||||||||||||||
Notional amount | € 1,500,000,000 | |||||||||||||||
Term of the bonds | 5 years 3 months | |||||||||||||||
Reoffer price (as a percent) | 99.403% | |||||||||||||||
Annual fixed coupon (as a percent) | 2.625% | |||||||||||||||
Perpetual subordinated bond, one | Five Year Euro Mid Swap Rate | ||||||||||||||||
Initial spread on variable rate (as a percent) | 316.70% | |||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||
Perpetual subordinated bond, two | ||||||||||||||||
Notional amount | € 1,500,000,000 | |||||||||||||||
Term of the bonds | 9 years | |||||||||||||||
Reoffer price (as a percent) | 100% | |||||||||||||||
Annual fixed coupon (as a percent) | 3.375% | |||||||||||||||
Perpetual subordinated bond, two | Five Year Euro Mid Swap Rate | ||||||||||||||||
Initial spread on variable rate (as a percent) | 364.10% | |||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||
Perpetual subordinated bond three | ||||||||||||||||
Notional amount | € 1,000,000,000 | |||||||||||||||
Term of the bonds | 6 years | |||||||||||||||
Reoffer price (as a percent) | 100% | |||||||||||||||
Annual fixed coupon (as a percent) | 2% | |||||||||||||||
Perpetual subordinated bond three | Five Year Euro Mid Swap Rate | ||||||||||||||||
Initial spread on variable rate (as a percent) | 220.40% | |||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||
Perpetual subordinated bond four | ||||||||||||||||
Notional amount | € 1,000,000,000 | |||||||||||||||
Term of the bonds | 9 years | |||||||||||||||
Reoffer price (as a percent) | 99.607% | |||||||||||||||
Annual fixed coupon (as a percent) | 2.75% | |||||||||||||||
Perpetual subordinated bond four | Five Year Euro Mid Swap Rate | ||||||||||||||||
Initial spread on variable rate (as a percent) | 277.10% | |||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||
September 2023 | ||||||||||||||||
Dividends recognised as distributions to owners per share | € / shares | € 0.24 | |||||||||||||||
November 2023 | ||||||||||||||||
Dividends recognised as distributions to owners per share | € / shares | 0.23 | |||||||||||||||
March 2024 | ||||||||||||||||
Dividends recognised as distributions to owners per share | € / shares | 0.24 | |||||||||||||||
May 2024 | ||||||||||||||||
Dividends recognised as distributions to owners per share | € / shares | € 0.23 | |||||||||||||||
ENI SpA | ||||||||||||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||||||||||||||
ENI SpA | Ordinary shares | ||||||||||||||||
Number of shares issued | shares | 3,375,937,893 | 3,571,487,977 | ||||||||||||||
Number of treasury shares | shares | 157,115,336 | 226,097,834 |
Other information - Supplementa
Other information - Supplemental Cash Flow Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment in consolidated subsidiaries and businesses | |||
Current assets | € 408 | € 147 | |
Non-current assets | 1,985 | 1,981 | |
Net borrowings | (91) | (541) | |
Current and non-current liabilities | (622) | (366) | |
Net effect of investments | 1,680 | 1,221 | |
Goodwill | 25 | 482 | € 1,574 |
Fair value of investments held before the acquisition of control | (271) | (21) | |
Non-controlling interests | (2) | (15) | |
Purchase price | 1,432 | 1,667 | |
Less: Cash and cash equivalents acquired | (155) | (31) | |
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination | 1,277 | 1,636 | 1,901 |
Disposal of consolidated subsidiaries and businesses | |||
Current assets | 130 | 1,377 | |
Non-current assets | 153 | 8,618 | |
Net borrowings | 180 | (2,085) | |
Current and non-current liabilities | (124) | (2,351) | |
Net effect of disposals | 339 | 5,559 | |
Current value of the stake held for business combinations | (580) | (5,726) | |
Reclassification among other items of OCI | (7) | (918) | |
Gain on disposal of business combinations | 427 | 2,704 | |
Fair value of share capital held after the sale of control | 414 | ||
Credits for divestments | (173) | (1,609) | |
Selling price | 420 | 10 | |
Less: Cash and cash equivalents sold | (25) | (70) | |
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | € 395 | € (60) | 76 |
Business combinations excluding Union Fenosa Gas | |||
Investment in consolidated subsidiaries and businesses | |||
Current assets | 262 | ||
Non-current assets | 1,124 | ||
Net borrowings | (486) | ||
Current and non-current liabilities | (349) | ||
Net effect of investments | 551 | ||
Fair value of investments held before the acquisition of control | (99) | ||
Non-controlling interests | (4) | ||
Purchase price | 2,022 | ||
Less: Cash and cash equivalents acquired | (121) | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination | 1,901 | ||
Disposal of consolidated subsidiaries and businesses | |||
Current assets | 2 | ||
Net effect of disposals | 2 | ||
Selling price | 2 | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | 2 | ||
Union Fenosa Gas SA | |||
Investment in consolidated subsidiaries and businesses | |||
Value of investment sold | 232 | ||
Current assets | 370 | ||
Non-current assets | 378 | ||
Net borrowings | (128) | ||
Current and non-current liabilities | (420) | ||
Net effect of investments | 200 | ||
Less: Cash and cash equivalents acquired | 42 | ||
Disposal of consolidated subsidiaries and businesses | |||
Net effect of disposals | 32 | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | € 74 |
Other information - Provisional
Other information - Provisional and definitive price allocation of the net assets acquired (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Other information | |||
Current assets | € 408 | € 147 | |
Property, plant and equipment | 1,075 | ||
Goodwill | 25 | 482 | € 1,574 |
Other non-current assets | 874 | ||
Current and non-current liabilities | (622) | (366) | |
Net effects of investments | 1,680 | 1,221 | |
Total purchase price | 1,432 | 1,667 | |
Non-controlling interests | (2) | € (15) | |
Energia Eolica Boreas SLU | Provisional allocation | |||
Other information | |||
Current assets | 1 | ||
Property, plant and equipment | 100 | ||
Goodwill | 18 | ||
Other non-current assets | 157 | ||
Cash and cash equivalent (Net borrowings) | (59) | ||
Current and non-current liabilities | (114) | ||
Net effects of investments | 103 | ||
Advances paid in 2021 | (16) | ||
Total purchase price | 87 | ||
Energia Eolica Boreas SLU | Definitive allocation | |||
Other information | |||
Current assets | 1 | ||
Property, plant and equipment | 100 | ||
Goodwill | 16 | ||
Other non-current assets | 160 | ||
Cash and cash equivalent (Net borrowings) | (59) | ||
Current and non-current liabilities | (115) | ||
Net effects of investments | 103 | ||
Advances paid in 2021 | (16) | ||
Total purchase price | 87 | ||
PLT (PLT Energia Srl e SEF Srl) | Provisional allocation | |||
Other information | |||
Current assets | 145 | ||
Property, plant and equipment | 532 | ||
Goodwill | 412 | ||
Other non-current assets | 288 | ||
Cash and cash equivalent (Net borrowings) | (390) | ||
Current and non-current liabilities | (237) | ||
Net effects of investments | 750 | ||
Total purchase price | 750 | ||
PLT (PLT Energia Srl e SEF Srl) | Definitive allocation | |||
Other information | |||
Current assets | 145 | ||
Property, plant and equipment | 532 | ||
Goodwill | 390 | ||
Other non-current assets | 337 | ||
Cash and cash equivalent (Net borrowings) | (390) | ||
Current and non-current liabilities | (264) | ||
Net effects of investments | 750 | ||
Total purchase price | € 750 |
Other information - Additional
Other information - Additional Information (Details) | 12 Months Ended | ||
Dec. 31, 2022 MW | Dec. 31, 2021 NUMBER GW MW | Dec. 31, 2020 | |
SKGR Energy Single Member SA | Greece | Plenitude | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Power generating capacity, existing or in advanced development | 800 | ||
Corazon I Solar plant | Texas | Plenitude | |||
Other information | |||
Power generating capacity, existing or in advanced development | 266 | ||
Energia Eolica Boreas SLU | Plenitude | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Power generating capacity, existing or in advanced development | 104.5 | ||
Export LNG Ltd | Exploration & Production | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Aldro Energa Y Soluciones SLU | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
FRI-EL Biogas Holding SpA | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Portfolio Of Thirteen Onshore Wind Facilities | |||
Other information | |||
Power generating capacity, existing or in advanced development | 315 | ||
Portfolio Of Nine Renewable Energy Projects | |||
Other information | |||
Power generating capacity, existing or in advanced development | GW | 0.9 | ||
Power generating capacity, projected | 234 | ||
Number of wind farms in operation | NUMBER | 3 | ||
Number of wind farms under construction | NUMBER | 1 | ||
Number of photovoltaic projects | NUMBER | 5 | ||
Finproject SpA | |||
Other information | |||
Equity interest acquired (as a percent) | 60% | 40% | |
Be Power | |||
Other information | |||
Equity interest acquired (as a percent) | 100% |
Other information - Additiona_2
Other information - Additional Information (Details 1) | 12 Months Ended |
Dec. 31, 2022 NUMBER | |
Azule Energy Holdings Ltd | |
Other information | |
Proportion of ownership interest in joint venture (as a percent) | 50% |
Proportion of ownership interest acquired (as a percent) | 50% |
Azule Energy Holdings Ltd | Angola | |
Other information | |
Number of partners in oil and gas operation | 2 |
Azule Energy Holdings Ltd | Be Power SpA | |
Other information | |
Proportion of ownership interest in joint venture (as a percent) | 50% |
Vårgrønn AS | |
Other information | |
Proportion of ownership interest in joint venture (as a percent) | 65% |
Vårgrønn AS | Eni North Sea Wind Ltd | |
Other information | |
Equity interest disposed (as a percent) | 100% |
Vårgrønn AS | Eni North Sea Wind Ltd | UK Dogger Bank A, B and C projects | |
Other information | |
Proportion of ownership interest acquired (as a percent) | 20% |
Guarantees, commitments and r_3
Guarantees, commitments and risks - Guarantees (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Guarantees, commitments and risks | ||
Guarantees | € 17,660 | € 17,563 |
Consolidated subsidiaries | ||
Guarantees, commitments and risks | ||
Guarantees | 7,772 | 7,082 |
Investments in unconsolidated entities controlled by Eni | ||
Guarantees, commitments and risks | ||
Guarantees | 196 | 202 |
Joint ventures and associates | ||
Guarantees, commitments and risks | ||
Guarantees | 9,294 | 9,802 |
Others | ||
Guarantees, commitments and risks | ||
Guarantees | € 398 | € 477 |
Guarantees, commitments and r_4
Guarantees, commitments and risks - Commitments and risks (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Guarantees, commitments and risks | ||
Commitments | € 79,513 | € 77,481 |
Risks | 1,140 | 1,228 |
Commitments and risks | € 80,653 | € 78,709 |
Guarantees, commitments and r_5
Guarantees, commitments and risks - Value at risk - parametric method (Details) - EUR (€) € in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Interest rate risk | ||
Guarantees, commitments and risks | ||
Value at risk | € 1,320 | € 3,220 |
Interest rate risk | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 7,260 | 9,050 |
Interest rate risk | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 900 | 2,610 |
Interest rate risk | Average | ||
Guarantees, commitments and risks | ||
Value at risk | 2,300 | 5,190 |
Currency | ||
Guarantees, commitments and risks | ||
Value at risk | 330 | 340 |
Currency | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 620 | 950 |
Currency | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 40 | 90 |
Currency | Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 210 | € 290 |
Guarantees, commitments and r_6
Guarantees, commitments and risks - Value at risk - Historic simulation method (Details) - EUR (€) € in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Commercial exposure | ||
Guarantees, commitments and risks | ||
Value at risk | € 6,710 | € 30,650 |
Commercial exposure | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 257,890 | 800,390 |
Commercial exposure | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 6,380 | 30,650 |
Commercial exposure | Average | ||
Guarantees, commitments and risks | ||
Value at risk | 55,350 | 261,410 |
Trading | ||
Guarantees, commitments and risks | ||
Value at risk | 210 | 40 |
Trading | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 1,530 | 1,630 |
Trading | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 50 | 10 |
Trading | Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 430 | € 360 |
Guarantees, commitments and r_7
Guarantees, commitments and risks - Sensitivity EUR (Details) - Strategic liquidity risk - Euro - EUR (€) € in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Guarantees, commitments and risks | ||
Value at risk | € 190 | € 160 |
Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 130 | 160 |
Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 220 | 300 |
Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 180 | € 230 |
Guarantees, commitments and r_8
Guarantees, commitments and risks - Sensitivity USD (Details) - Strategic liquidity risk - US Dollars - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Guarantees, commitments and risks | ||
Value at risk | $ 110 | $ 40 |
Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 120 | 130 |
Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 40 | 40 |
Average | ||
Guarantees, commitments and risks | ||
Value at risk | $ 80 | $ 80 |
Guarantees, commitments and r_9
Guarantees, commitments and risks - Expected payments for liabilities, trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Debt and derivatives | ||
Guarantees, commitments and risks | ||
Financial liabilities | € 37,138 | € 41,011 |
Debt and derivatives | 2024 | ||
Guarantees, commitments and risks | ||
Financial liabilities | 10,966 | 17,222 |
Debt and derivatives | 2025 | ||
Guarantees, commitments and risks | ||
Financial liabilities | 3,401 | 2,924 |
Debt and derivatives | 2026 | ||
Guarantees, commitments and risks | ||
Financial liabilities | 3,735 | 3,136 |
Debt and derivatives | 2027 | ||
Guarantees, commitments and risks | ||
Financial liabilities | 3,015 | 3,717 |
Debt and derivatives | 2028 | ||
Guarantees, commitments and risks | ||
Financial liabilities | 5,921 | 2,274 |
Debt and derivatives | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Financial liabilities | 10,100 | 11,738 |
Long-term debt and current portion of long-term debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 25,159 | 22,333 |
Long-term debt and current portion of long-term debt | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 3,340 | 2,883 |
Long-term debt and current portion of long-term debt | 2025 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,689 | 2,339 |
Long-term debt and current portion of long-term debt | 2026 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 3,219 | 2,640 |
Long-term debt and current portion of long-term debt | 2027 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,611 | 3,298 |
Long-term debt and current portion of long-term debt | 2028 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 5,520 | 1,927 |
Long-term debt and current portion of long-term debt | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 7,780 | 9,246 |
Short term debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,092 | 4,446 |
Short term debt | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,092 | 4,446 |
Long-term and current portion of long-term lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 5,320 | 4,904 |
Long-term and current portion of long-term lease liabilities | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,120 | 851 |
Long-term and current portion of long-term lease liabilities | 2025 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 691 | 584 |
Long-term and current portion of long-term lease liabilities | 2026 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 476 | 445 |
Long-term and current portion of long-term lease liabilities | 2027 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 399 | 365 |
Long-term and current portion of long-term lease liabilities | 2028 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 364 | 347 |
Long-term and current portion of long-term lease liabilities | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,270 | 2,312 |
Derivatives | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 2,567 | 9,328 |
Derivatives | 2024 | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 2,414 | 9,042 |
Derivatives | 2025 | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 21 | 1 |
Derivatives | 2026 | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 40 | 51 |
Derivatives | 2027 | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 5 | 54 |
Derivatives | 2028 | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 37 | |
Derivatives | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 50 | 180 |
Interest on finance debt and lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 5,336 | 4,533 |
Interest on finance debt and lease liabilities | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,007 | 825 |
Interest on finance debt and lease liabilities | 2025 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 897 | 703 |
Interest on finance debt and lease liabilities | 2026 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 760 | 643 |
Interest on finance debt and lease liabilities | 2027 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 663 | 530 |
Interest on finance debt and lease liabilities | 2028 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 537 | 431 |
Interest on finance debt and lease liabilities | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,472 | 1,401 |
Interest on finance debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 3,675 | 2,908 |
Interest on finance debt | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 738 | 590 |
Interest on finance debt | 2025 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 676 | 494 |
Interest on finance debt | 2026 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 572 | 459 |
Interest on finance debt | 2027 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 496 | 365 |
Interest on finance debt | 2028 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 389 | 284 |
Interest on finance debt | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 804 | 716 |
Interest on lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,661 | 1,625 |
Interest on lease liabilities | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 269 | 235 |
Interest on lease liabilities | 2025 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 221 | 209 |
Interest on lease liabilities | 2026 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 188 | 184 |
Interest on lease liabilities | 2027 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 167 | 165 |
Interest on lease liabilities | 2028 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 148 | 147 |
Interest on lease liabilities | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 668 | 685 |
Guarantees | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,114 | 1,668 |
Guarantees | 2024 | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | € 1,114 | € 1,668 |
Guarantees, commitments and _10
Guarantees, commitments and risks - Expected payments for trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Guarantees, commitments and risks | ||
Trade and other payables | € 20,808 | € 25,896 |
2024 | ||
Guarantees, commitments and risks | ||
Trade and other payables | 20,654 | 25,709 |
2025 - 2028 | ||
Guarantees, commitments and risks | ||
Trade and other payables | 50 | 77 |
2029 and thereafter | ||
Guarantees, commitments and risks | ||
Trade and other payables | 104 | 110 |
Trade payables | ||
Guarantees, commitments and risks | ||
Trade and other payables | 14,231 | 19,527 |
Trade payables | 2024 | ||
Guarantees, commitments and risks | ||
Trade and other payables | 14,231 | 19,527 |
Other payables and advances | ||
Guarantees, commitments and risks | ||
Trade and other payables | 6,577 | 6,369 |
Other payables and advances | 2024 | ||
Guarantees, commitments and risks | ||
Trade and other payables | 6,423 | 6,182 |
Other payables and advances | 2025 - 2028 | ||
Guarantees, commitments and risks | ||
Trade and other payables | 50 | 77 |
Other payables and advances | 2029 and thereafter | ||
Guarantees, commitments and risks | ||
Trade and other payables | € 104 | € 110 |
Guarantees, commitments and _11
Guarantees, commitments and risks - Expected payments under contractual obligations (Details) € in Millions | Dec. 31, 2023 EUR (€) |
Guarantees, commitments and risks | |
Contractual obligations | € 168,322 |
2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 22,361 |
2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 19,030 |
2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 18,756 |
2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 15,650 |
2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 13,792 |
2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 78,733 |
Subsidiaries | Assets held for sale | |
Guarantees, commitments and risks | |
Contractual obligations | 552 |
Decommissioning liabilities | |
Guarantees, commitments and risks | |
Contractual obligations | 14,006 |
Decommissioning liabilities | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 679 |
Decommissioning liabilities | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 497 |
Decommissioning liabilities | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 468 |
Decommissioning liabilities | 2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 482 |
Decommissioning liabilities | 2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 968 |
Decommissioning liabilities | 2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 10,912 |
Environmental liabilities | |
Guarantees, commitments and risks | |
Contractual obligations | 3,619 |
Environmental liabilities | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 646 |
Environmental liabilities | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 495 |
Environmental liabilities | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 399 |
Environmental liabilities | 2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 368 |
Environmental liabilities | 2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 305 |
Environmental liabilities | 2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 1,406 |
Purchase obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 150,677 |
Purchase obligations | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 21,032 |
Purchase obligations | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 18,024 |
Purchase obligations | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 17,887 |
Purchase obligations | 2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 14,800 |
Purchase obligations | 2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 12,519 |
Purchase obligations | 2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 66,415 |
Gas take-or-pay contracts | |
Guarantees, commitments and risks | |
Contractual obligations | 145,260 |
Gas take-or-pay contracts | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 17,904 |
Gas take-or-pay contracts | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 17,286 |
Gas take-or-pay contracts | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 17,358 |
Gas take-or-pay contracts | 2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 14,463 |
Gas take-or-pay contracts | 2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 12,330 |
Gas take-or-pay contracts | 2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 65,919 |
Gas ship or pay contracts | |
Guarantees, commitments and risks | |
Contractual obligations | 2,747 |
Gas ship or pay contracts | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 750 |
Gas ship or pay contracts | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 540 |
Gas ship or pay contracts | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 475 |
Gas ship or pay contracts | 2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 327 |
Gas ship or pay contracts | 2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 186 |
Gas ship or pay contracts | 2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 469 |
Other purchase obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 2,670 |
Other purchase obligations | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 2,378 |
Other purchase obligations | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 198 |
Other purchase obligations | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 54 |
Other purchase obligations | 2027 | |
Guarantees, commitments and risks | |
Contractual obligations | 10 |
Other purchase obligations | 2028 | |
Guarantees, commitments and risks | |
Contractual obligations | 3 |
Other purchase obligations | 2029 and thereafter | |
Guarantees, commitments and risks | |
Contractual obligations | 27 |
Other obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 20 |
Other obligations | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 4 |
Other obligations | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 14 |
Other obligations | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | 2 |
Memorandum of intent Val d'Agri | |
Guarantees, commitments and risks | |
Contractual obligations | 20 |
Memorandum of intent Val d'Agri | 2024 | |
Guarantees, commitments and risks | |
Contractual obligations | 4 |
Memorandum of intent Val d'Agri | 2025 | |
Guarantees, commitments and risks | |
Contractual obligations | 14 |
Memorandum of intent Val d'Agri | 2026 | |
Guarantees, commitments and risks | |
Contractual obligations | € 2 |
Guarantees, commitments and _12
Guarantees, commitments and risks - Capital investment and capital expenditure commitments (Details) € in Millions | Dec. 31, 2023 EUR (€) |
Guarantees, commitments and risks | |
Committed projects | € 27,363 |
2024 | |
Guarantees, commitments and risks | |
Committed projects | 7,655 |
2025 | |
Guarantees, commitments and risks | |
Committed projects | 7,023 |
2026 | |
Guarantees, commitments and risks | |
Committed projects | 3,562 |
2027 | |
Guarantees, commitments and risks | |
Committed projects | 2,075 |
Later than four years | |
Guarantees, commitments and risks | |
Committed projects | 7,048 |
Expected capital investment and capital expenditure | € 35,000 |
Guarantees, commitments and _13
Guarantees, commitments and risks - Other information about financial instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Guarantees, commitments and risks | |||
Financial assets at fair value through profit or loss | € 6,782 | € 8,251 | |
Non-hedging and trading derivatives | 837 | 2,006 | |
Other investments valued at fair value | 1,256 | 1,202 | € 1,294 |
Trade receivables and other | 17,054 | 21,396 | |
Financing receivables | 3,163 | 3,415 | |
Securities | 61 | 56 | |
Trade payables and other | 20,808 | 25,897 | |
Financing payables | 28,729 | 26,917 | |
Net assets (liabilities) for hedging derivatives | (35) | (129) | |
Financial assets at fair value through profit or loss, Income (expense) recognized in profit and loss account | 284 | (55) | € 11 |
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 417 | (1,723) | |
Other investments valued at fair value, Income (expense) recognized in profit and loss account | 255 | 351 | |
Other investments valued at fair value, Income (expense) recognized in other comprehensive income | 45 | 56 | |
Trade receivables and other, Income (expense) recognized in profit and loss account | (285) | 31 | |
Financing receivables, Income (expense) recognized in profit and loss account | 141 | (16) | |
Securities, Income (expense) recognized in profit and loss account | 1 | ||
Trade payables and other, Income (expense) recognized in profit and loss account | 69 | 53 | |
Financing payables, Income (expense) recognized in profit and loss account | (734) | (692) | |
Net assets (liabilities) for hedging derivatives, Income (expense) recognized in profit and loss account | (442) | (4,677) | |
Net assets (liabilities) for hedging derivatives, Income (expense) recognized in other comprehensive income | 541 | 794 | |
Other operating income (loss) | |||
Guarantees, commitments and risks | |||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 478 | (1,736) | |
Financial income (expense) | |||
Guarantees, commitments and risks | |||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | (61) | 13 | |
Trade receivables and other, Income (expense) recognized in profit and loss account | 36 | 16 | |
Financing receivables, Income (expense) recognized in profit and loss account | 144 | 86 | |
Interest income calculated on the basis of the effective interest rate | |||
Guarantees, commitments and risks | |||
Trade receivables and other, Income (expense) recognized in profit and loss account | 15 | 15 | |
Interest expense calculated on the basis of the effective interest rate | |||
Guarantees, commitments and risks | |||
Financing receivables, Income (expense) recognized in profit and loss account | 743 | 568 | |
Net (impairment losses) reversal of trade and other receivables | |||
Guarantees, commitments and risks | |||
Trade receivables and other, Income (expense) recognized in profit and loss account | 249 | 47 | |
Net revaluations or impairments | |||
Guarantees, commitments and risks | |||
Financing receivables, Income (expense) recognized in profit and loss account | € 6 | € 111 |
Guarantees, commitments and _14
Guarantees, commitments and risks - Offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2023 | Dec. 31, 2022 |
Trade and other payables | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | € 24,039 | € 28,415 |
Gross amount of financial assets subject to offsetting | 3,385 | 2,706 |
Net amount of financial liabilities | 20,654 | 25,709 |
Other current liabilities | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | 8,467 | 18,336 |
Gross amount of financial assets subject to offsetting | 2,888 | 5,863 |
Net amount of financial liabilities | 5,579 | 12,473 |
Other non-current liabilities | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | 4,103 | 3,234 |
Gross amount of financial assets subject to offsetting | 7 | |
Net amount of financial liabilities | 4,096 | 3,234 |
Trade and other receivables | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 19,936 | 23,546 |
Gross amount of financial liabilities subject to offsetting | 3,385 | 2,706 |
Net amount of financial assets | 16,551 | 20,840 |
Other current assets | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 8,525 | 18,684 |
Gross amount of financial liabilities subject to offsetting | 2,888 | 5,863 |
Net amount of financial assets | 5,637 | 12,821 |
Other non-current assets | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 3,400 | 2,236 |
Gross amount of financial liabilities subject to offsetting | 7 | |
Net amount of financial assets | € 3,393 | € 2,236 |
Guarantees, commitments and _15
Guarantees, commitments and risks - Additional information (Details) t in Thousands | 12 Months Ended | ||||||
Dec. 31, 2023 EUR (€) t | Dec. 31, 2022 EUR (€) | Nov. 30, 2023 EUR (€) | May 09, 2023 | Feb. 28, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2012 EUR (€) | |
Guarantees, commitments and risks | |||||||
Guarantees | € 17,660,000,000 | € 17,563,000,000 | |||||
Capital commitments | 27,363,000,000 | ||||||
Risks | 1,140,000,000 | 1,228,000,000 | |||||
Lease liabilities | € 5,336,000,000 | 4,951,000,000 | € 5,337,000,000 | ||||
Quantity of total emission of carbon dioxide | t | 16,030 | ||||||
Quantity of free emission allowance of carbon dioxide | t | 4,480 | ||||||
Deficit quantity of emission allowance of carbon dioxide | t | 11,500 | ||||||
Period over which the management deems the liquidity reserves retained are enough to meet the financial obligations | 18 months | ||||||
Project relating to Dogger Bank (C) | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | € 1,272,000,000 | 1,259,000,000 | |||||
Spain, United States and Italy renewable energy project | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | 107,000,000 | 210,000,000 | |||||
Alleged illegal handling of waste material | |||||||
Guarantees, commitments and risks | |||||||
Fine payable | 700,000,000,000 | ||||||
Contextual confiscation amount | 44,248,071,000,000 | ||||||
Block OPL 245 Nigeria | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | 700,000,000 | ||||||
Derivatives | |||||||
Guarantees, commitments and risks | |||||||
Gross amount of financial assets and liabilities subject to offsetting | 2,895,000,000 | 5,863,000,000 | |||||
Eni Abu Dhabi Refining & Trading BV | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | € 3,619,000,000 | 3,748,000,000 | |||||
Eni Abu Dhabi Refining & Trading BV | ADNOC Refining | |||||||
Guarantees, commitments and risks | |||||||
Equity interest acquired (as a percent) | 20% | ||||||
Eni Trading Shipping Inc | |||||||
Guarantees, commitments and risks | |||||||
Gross amount of financial assets and liabilities subject to offsetting | 55,000,000 | ||||||
Eni Rewind SpA and Versalis SpA | Porto Torres dock damage | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | € 1,500,000,000 | ||||||
Eni Rewind SpA | Environmental claim relating to Municipality of Cengio | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | € 8,000,000 | ||||||
Eni Rewind SpA | Priolo - Malformation civil lawsuits [member] | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | € 800,000 | ||||||
Enimed SpA | Tax contingent liability [member] | |||||||
Guarantees, commitments and risks | |||||||
Estimated damage value | 50,000,000 | ||||||
EniServizi SpA | |||||||
Guarantees, commitments and risks | |||||||
Amount charged for contract of property | 16,860,000 | ||||||
Claim amount | 30,000,000 | ||||||
Exploration & Production | |||||||
Guarantees, commitments and risks | |||||||
Gross amount of financial assets and liabilities subject to offsetting | 3,385,000,000 | 2,651,000,000 | |||||
Exploration & Production | Neptune Energy Group Limited ("Neptune") | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | 2,000,000,000 | ||||||
Global Gas & LNG Portfolio | Italy | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 385,000,000 | 388,000,000 | |||||
Euro Medium Term Notes | |||||||
Guarantees, commitments and risks | |||||||
Maximum amount issuable | 20,000,000,000 | ||||||
Notional amount | 16,800,000,000 | ||||||
Sustainability-linked credit facilities [member] | Committed borrowing facilities | |||||||
Guarantees, commitments and risks | |||||||
Undrawn borrowing facilities | 9,100,000,000 | ||||||
Commited credit lines | 3,000,000,000 | ||||||
Risk associated with contractual assurances to acquirers | |||||||
Guarantees, commitments and risks | |||||||
Risks | 250,000,000 | 262,000,000 | |||||
Value of assets of third parties under custody | |||||||
Guarantees, commitments and risks | |||||||
Risks | € 879,000,000 | 957,000,000 | |||||
Currency | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 99% | ||||||
Holding period | 20 days | ||||||
Interest rate risk | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 99% | ||||||
Holding period | 20 days | ||||||
Commodity price risk | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 95% | ||||||
Holding period | 1 day | ||||||
Strategic liquidity risk | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 99% | ||||||
Holding period | 1 day | ||||||
Period of medium and long-term financial debts for which coverage must be provided | 24 months | ||||||
Hydrocarbon exploration and production activities | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | € 73,615,000,000 | 73,334,000,000 | |||||
Var Energi ASA | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | € 2,013,000,000 | € 2,151,000,000 | |||||
Cardon IV SA | |||||||
Guarantees, commitments and risks | |||||||
Proportion of ownership interest in joint venture | 50% | 50% | |||||
Proportion of voting rights held in joint venture | 50% | 50% | |||||
Contractual volumes of gas amount | € 11,400,000,000 | ||||||
Azule Energy Holdings Ltd | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contracts and other personal guarantees amount | € 3,055,000,000 | € 3,164,000,000 | |||||
Proportion of ownership interest in joint venture | 50% | ||||||
Proportion of voting rights held in joint venture | 50% | 50% | |||||
Partners of unincorporated joint operations | |||||||
Guarantees, commitments and risks | |||||||
Lease liabilities | € 741,000,000 | € 760,000,000 | |||||
Financial administration for credits VAT refunds | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 258,000,000 | 47,000,000 | |||||
Greenpeace Onlus and ReCommon APS, together with 12 private citizens | Climate dispute | |||||||
Guarantees, commitments and risks | |||||||
Percentage of emissions to be reduced by 2030 compared to 2020 levels | 45% | ||||||
Pastor and the associations | NAOC Ltd | Alleged damages deriving from artefacts | |||||||
Guarantees, commitments and risks | |||||||
Estimated damage value | € 48,000,000 | ||||||
Coral FLNG SA | Third parties | |||||||
Guarantees, commitments and risks | |||||||
Maximum financial guarantee given by the company | € 1,357,000,000 | ||||||
Percentage of obligation covered by guarantee | 100% | ||||||
Consolidated subsidiaries | |||||||
Guarantees, commitments and risks | |||||||
Guarantee for bid bonds and performance bonds | € 3,783,000,000 | 3,282,000,000 | |||||
Underlying commitment | 7,662,000,000 | 7,003,000,000 | |||||
Guarantees | 7,772,000,000 | 7,082,000,000 | |||||
Consolidated subsidiaries | Exploration & Production | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 1,096,000,000 | 1,098,000,000 | |||||
Consolidated subsidiaries | Social security institutes | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 375,000,000 | 205,000,000 | |||||
Joint ventures and associates | |||||||
Guarantees, commitments and risks | |||||||
Guarantee for bid bonds and performance bonds | 1,397,000,000 | 1,613,000,000 | |||||
Underlying commitment | 6,077,000,000 | 6,859,000,000 | |||||
Guarantees | 9,294,000,000 | 9,802,000,000 | |||||
Joint ventures and associates | Unsecured and other guarantees | |||||||
Guarantees, commitments and risks | |||||||
Bank guarantee | 1,448,000,000 | 1,499,000,000 | |||||
Joint ventures and associates | Gulf LNG Energy and Gulf LNG Pipeline | |||||||
Guarantees, commitments and risks | |||||||
Guarantees | 184,000,000 | 190,000,000 | |||||
Joint ventures and associates | Coral FLNG SA | |||||||
Guarantees, commitments and risks | |||||||
Guarantee for bid bonds and performance bonds | 1,327,000,000 | 1,378,000,000 | |||||
Others | |||||||
Guarantees, commitments and risks | |||||||
Underlying commitment | 296,000,000 | 323,000,000 | |||||
Guarantees | 398,000,000 | 477,000,000 | |||||
Others | State oil Company of Mozambique ENH | |||||||
Guarantees, commitments and risks | |||||||
Guarantees | € 161,000,000 | € 167,000,000 |
Revenues and other income (Deta
Revenues and other income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Products sales and service revenues | |||
Sales of crude oil | € 25,685 | € 26,277 | € 18,283 |
Sales of oil products | 25,508 | 30,770 | 19,624 |
Sales of natural gas and LNG | 26,950 | 52,584 | 24,009 |
Sales of petrochemical products | 4,385 | 6,244 | 5,659 |
Sales of power | 7,252 | 12,448 | 5,104 |
Sales of other products | 509 | 704 | 391 |
Services | 3,428 | 3,485 | 3,505 |
Sales from operations | 93,717 | 132,512 | 76,575 |
Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 92,905 | 131,441 | 75,754 |
Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 812 | 1,071 | 821 |
Exploration & Production | |||
Products sales and service revenues | |||
Sales of crude oil | 3,632 | 5,438 | 3,573 |
Sales of oil products | 1,081 | 1,070 | 885 |
Sales of natural gas and LNG | 5,858 | 6,108 | 4,122 |
Sales of other products | 44 | 68 | 40 |
Services | 228 | 205 | 226 |
Sales from operations | 10,843 | 12,889 | 8,846 |
Exploration & Production | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 10,526 | 12,585 | 8,506 |
Exploration & Production | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 317 | 304 | 340 |
Global Gas & LNG Portfolio | |||
Products sales and service revenues | |||
Sales of natural gas and LNG | 16,638 | 40,840 | 16,608 |
Sales of other products | 23 | 6 | |
Services | 249 | 390 | 359 |
Sales from operations | 16,910 | 41,230 | 16,973 |
Global Gas & LNG Portfolio | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 16,825 | 41,047 | 16,823 |
Global Gas & LNG Portfolio | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 85 | 183 | 150 |
Enilive, Refining and Chemicals | |||
Products sales and service revenues | |||
Sales of crude oil | 22,053 | 20,839 | 14,710 |
Sales of oil products | 24,427 | 29,700 | 18,739 |
Sales of natural gas and LNG | 23 | 65 | 34 |
Sales of petrochemical products | 4,385 | 6,241 | 5,652 |
Sales of other products | 333 | 411 | 132 |
Services | 944 | 1,214 | 784 |
Sales from operations | 52,165 | 58,470 | 40,051 |
Enilive, Refining and Chemicals | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 51,892 | 58,145 | 39,836 |
Enilive, Refining and Chemicals | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 273 | 325 | 215 |
Plenitude & Power | |||
Products sales and service revenues | |||
Sales of natural gas and LNG | 4,431 | 5,571 | 3,245 |
Sales of power | 7,252 | 12,448 | 5,104 |
Sales of other products | 106 | 223 | 212 |
Services | 1,809 | 1,484 | 1,956 |
Sales from operations | 13,598 | 19,726 | 10,517 |
Plenitude & Power | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 13,598 | 19,599 | 10,517 |
Plenitude & Power | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 127 | ||
Corporate and Other activities | |||
Products sales and service revenues | |||
Sales of petrochemical products | 3 | 7 | |
Sales of other products | 3 | 2 | 1 |
Services | 198 | 192 | 180 |
Sales from operations | 201 | 197 | 188 |
Corporate and Other activities | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 64 | 65 | 72 |
Corporate and Other activities | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | € 137 | € 132 | € 116 |
Revenues and other income - Ass
Revenues and other income - Associated with liabilities and performance obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues and other income | |||
Revenues associated with contract liabilities at the beginning of the period | € 642 | € 157 | € 658 |
Revenues associated with performance obligations totally or partially satisfied in previous years | € 1,087 | € 1 | € 30 |
Revenues and other income - Oth
Revenues and other income - Other income and revenues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues and other income | |||
Gains from sale of assets and businesses | € 27 | € 48 | € 107 |
Other proceeds | 1,072 | 1,127 | 1,089 |
Other income and revenues | € 1,099 | € 1,175 | € 1,196 |
Revenues and other income - Add
Revenues and other income - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues and other income | |||
Recovery of cost share of right-of-use assets pertaining to partners of unincorporated joint operations | € 121 | € 204 | € 281 |
Costs (Details)
Costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Costs | |||
Production costs - raw, ancillary and consumable materials and goods | € 58,170 | € 85,139 | € 41,174 |
Production costs - services | 11,512 | 10,303 | 10,646 |
Lease expense and other | 1,432 | 2,301 | 1,233 |
Net provisions for contingencies | 1,369 | 2,985 | 707 |
Other expenses | 1,746 | 2,069 | 1,983 |
Purchase, services and other charges gross | 74,229 | 102,797 | 55,743 |
capitalized direct costs associated with self-constructed assets - tangible assets | (367) | (246) | (185) |
capitalized direct costs associated with self-constructed assets - intangible assets | (26) | (22) | (9) |
Purchases, services and other | € 73,836 | € 102,529 | € 55,549 |
Costs - Payroll and related cos
Costs - Payroll and related costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Costs | |||
Wages and salaries | € 2,427 | € 2,311 | € 2,182 |
Social security contributions | 497 | 465 | 455 |
Cost related to employee benefit plans | 156 | 174 | 165 |
Other costs | 196 | 194 | 204 |
Payroll and related costs gross | 3,276 | 3,144 | 3,006 |
Capitalized direct costs associated with self-constructed assets - tangible assets | (131) | (120) | (111) |
Capitalized direct costs associated with self-constructed assets - intangible assets | (9) | (9) | (7) |
Payroll and related costs | € 3,136 | € 3,015 | € 2,888 |
Costs - Average number of emplo
Costs - Average number of employees (Details) - NUMBER | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Subsidiaries | |||
Costs | |||
Average number of employees | 31,848 | 31,632 | 31,332 |
Subsidiaries | Senior Managers | |||
Costs | |||
Average number of employees | 944 | 957 | 966 |
Subsidiaries | Junior Managers | |||
Costs | |||
Average number of employees | 9,157 | 9,084 | 9,143 |
Subsidiaries | Employees | |||
Costs | |||
Average number of employees | 15,810 | 15,517 | 15,747 |
Subsidiaries | Workers | |||
Costs | |||
Average number of employees | 5,937 | 6,074 | 5,476 |
Joint operations | |||
Costs | |||
Average number of employees | 817 | 807 | 760 |
Joint operations | Senior Managers | |||
Costs | |||
Average number of employees | 19 | 19 | 18 |
Joint operations | Junior Managers | |||
Costs | |||
Average number of employees | 84 | 80 | 78 |
Joint operations | Employees | |||
Costs | |||
Average number of employees | 420 | 420 | 380 |
Joint operations | Workers | |||
Costs | |||
Average number of employees | 294 | 288 | 284 |
Costs - Compensation of key man
Costs - Compensation of key management personnel (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Costs | |||
Wages and salaries | € 35 | € 37 | € 29 |
Post-employment benefits | 3 | 3 | 3 |
Other long-term benefits | 19 | 17 | 15 |
Indemnities upon termination of employment | 9 | ||
Key management personnel compensation | € 57 | € 66 | € 47 |
Costs - Additional information
Costs - Additional information (Details) € / shares in Units, € in Thousands | 12 Months Ended | ||||
May 10, 2023 NUMBER shares | May 13, 2020 NUMBER shares | Dec. 31, 2023 EUR (€) shares NUMBER € / shares | Dec. 31, 2022 EUR (€) shares € / shares | Dec. 31, 2021 EUR (€) shares € / shares | |
Costs | |||||
Prospecting costs, geological and geophysical studies of exploration activities | € 205,000 | € 220,000 | € 194,000 | ||
Research and development costs | 166,000 | 164,000 | 177,000 | ||
Royalty expense | 1,138,000 | 1,570,000 | 946,000 | ||
Net additions for contingencies | 1,369,000 | 2,985,000 | 707,000 | ||
Provisions for redundancy incentives expense | 56,000 | 78,000 | 94,000 | ||
Defined contribution plans expense | € 102,000 | € 103,000 | € 97,000 | ||
Number of annual awards | NUMBER | 3 | ||||
Vesting period | 3 years | ||||
Performance period | 3 years | ||||
Lock-up clause percentage | 50% | ||||
Number of other equity instruments granted in share-based payment arrangement | shares | 1,909,849 | 2,069,685 | 2,365,581 | ||
Weighted average fair value of awarded shares | € / shares | € 10.82 | € 9.2 | € 8.15 | ||
Expense from share-based payment transactions with employees | € 20,000 | € 18,000 | € 16,000 | ||
Directors' remuneration expense | 13,900 | 11,120 | 10,130 | ||
Statutory auditors remuneration expense | € 580 | € 589 | € 550 | ||
Minimum | |||||
Costs | |||||
Percentage of shares that will vest after vesting period | 0% | ||||
Weighted average share price at grant date | € / shares | € 15.068 | € 12.918 | € 11.642 | ||
Expected dividend as percentage | 6.60% | 6.10% | 7.10% | ||
Expected volatility | 28.20% | 30% | 44% | ||
Maximum | |||||
Costs | |||||
Percentage of shares that will vest after vesting period | 180% | ||||
Weighted average share price at grant date | € / shares | € 15.482 | € 14.324 | € 12.164 | ||
Expected dividend as percentage | 6.80% | 6.80% | 7.40% | ||
Expected volatility | 28.40% | 31% | 45% | ||
Long-Term Monetary Incentive Plan 2020 - 2022 | |||||
Costs | |||||
Limit of shares to be granted for the part relating to unused shares in share-based payment arrangement | shares | 6,700,000 | ||||
Percentage of shares that will be granted depending on market condition in terms of TSR | 25% | ||||
Performance period | 3 years | ||||
Percentage of shares that will be granted depending on a relative parameter represented by an industrial objective | 20% | ||||
Percentage of shares that will be granted depending on an absolute parameter represented by an economic-financial objective | 20% | ||||
Percentage of shares that will be granted depending on environmental sustainability and energy transition objective | 35% | ||||
Number of absolute objectives considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | NUMBER | 3 | ||||
Percentage of shares that will be granted depending on decarbonisation objective | 15% | ||||
Percentage of shares that will be granted depending on energy transition objective | 10% | ||||
Percentage of shares that will be granted depending on circular economy objective | 10% | ||||
Number of important projects considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | NUMBER | 3 | ||||
Lock-up clause term | 1 year | ||||
Period from Strategic Plan approved by the Board of Administration | 3 years | ||||
Long-Term Monetary Incentive Plan 2020 - 2022 | Maximum | |||||
Costs | |||||
Limit of shares to be granted in share-based payment arrangement | shares | 20,000,000 | ||||
Long-Term Monetary Incentive Plan 2023 - 2025 | |||||
Costs | |||||
Percentage of shares that will be granted depending on market condition in terms of TSR | 25% | ||||
Performance period | 3 years | ||||
Percentage of shares that will be granted depending on an absolute parameter represented by an economic-financial objective | 40% | ||||
Percentage of shares that will be granted depending on environmental sustainability and energy transition objective | 35% | ||||
Number of absolute objectives considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | NUMBER | 3 | ||||
Percentage of shares that will be granted depending on decarbonisation objective | 10% | ||||
Percentage of shares that will be granted depending on energy transition objective | 15% | ||||
Percentage of shares that will be granted depending on circular economy objective | 10% | ||||
Lock-up clause term | 2 years | ||||
Long-Term Monetary Incentive Plan 2023 - 2025 | Maximum | |||||
Costs | |||||
Limit of shares to be granted in share-based payment arrangement | shares | 16,000,000 | ||||
Environmental liabilities | |||||
Costs | |||||
Net additions for contingencies | € 559,000 | € 1,700,000 | € 279,000 | ||
Provisions for litigations | |||||
Costs | |||||
Net additions for contingencies | € 87,000 | € 501,000 | € 162,000 |
Finance income (expense) (Detai
Finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Finance income (expense) | |||
Finance income | € 7,417 | € 8,450 | € 3,723 |
Finance expense | (8,113) | (9,333) | (4,216) |
Net finance income (expense) from financial assets at fair value through profit or loss | 284 | (55) | 11 |
Income (expense) from derivative financial instruments | (61) | 13 | (306) |
Finance income (expense) | € (473) | € (925) | € (788) |
Finance income (expense) - Anal
Finance income (expense) - Analysis of finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Finance income (expense) related to net borrowings | |||
Interest and other finance expense on ordinary bonds | € (667) | € (507) | € (475) |
Net finance income (expense) on financial assets held for trading | 250 | (53) | 11 |
Net expenses on other financial assets valued at fair value with effects on profit and loss | 34 | (2) | |
Interest and other expense due to banks and other financial institutions | (207) | (128) | (94) |
Interest on lease liabilities | (267) | (315) | (304) |
Interest from banks | 356 | 57 | 4 |
Interest and other income on financial receivables and securities held for non-operating purposes | 14 | 9 | 9 |
Finance income (expense) related to net borrowings | (487) | (939) | (849) |
Exchange differences | 255 | 238 | 476 |
Income (expense) from derivative financial instruments | (61) | 13 | (306) |
Other finance income (expense) | |||
Interest and other income on financing receivables and securities held for operating purposes | 153 | 128 | 67 |
Capitalized finance expense | 94 | 38 | 68 |
Finance expense due to the passage of time (accretion discount) | (341) | (199) | (144) |
Other finance income (expense) | (86) | (204) | (100) |
Other finance income (cost) | (180) | (237) | (109) |
Finance income (expense) | € (473) | € (925) | € (788) |
Income (expense) from investm_3
Income (expense) from investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income (expense) from investments | |||
Dividends | € 255 | € 351 | € 230 |
Net gain (loss) on disposals | 430 | 483 | 1 |
Other net income (expense) | 423 | 2,789 | (8) |
Other gain (loss) from investments | € 1,108 | € 3,623 | € 223 |
Income (expense) from investm_4
Income (expense) from investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Other gain (loss) from investments | |||
Dividend income | € 255 | € 351 | € 230 |
Capital gain realized from the sale of investments | 430 | 483 | 1 |
Capital gain from the fair value measurement of the residual stake of investments held | 414 | ||
Nigeria LNG Ltd | |||
Other gain (loss) from investments | |||
Dividend income | 179 | 247 | 144 |
Saudi European Petrochemical Co | |||
Other gain (loss) from investments | |||
Dividend income | 55 | 77 | € 54 |
Var Energi ASA | |||
Other gain (loss) from investments | |||
Capital gains realized from listing on Stock Exchange | 448 | ||
Azule Energy Holdings Ltd | |||
Other gain (loss) from investments | |||
Capital gains from the fair value measurement of the business combination | 2,542 | ||
Realized exchange differences on translation from the business combination | 764 | ||
SeaCorridor Srl | Snam Group [Member] | |||
Other gain (loss) from investments | |||
Capital gain realized from the sale of investments | € 420 | ||
Equity interest disposed (as a percent) | 49.90% | ||
Realized exchange differences on translation from the disposal of investments | € 7 | ||
Capital gain from the fair value measurement of the residual stake of investments held | € 414 | ||
Proportion of ownership interest in joint venture (as a percent) | 50.10% |
Income taxes (Details)
Income taxes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Current taxes: | |||
Current taxes | € 5,631 | € 9,891 | € 4,205 |
Net deferred taxes: | |||
Net deferred taxes | (263) | (1,803) | 640 |
Income tax expense | € 5,368 | € 8,088 | € 4,845 |
Effective tax rate | 52.50% | 36.70% | 45.30% |
Italy | |||
Current taxes: | |||
Current taxes | € 97 | € 1,920 | € 439 |
Net deferred taxes: | |||
Net deferred taxes | (137) | (2,191) | (45) |
Foreign current income tax expense | 242 | ||
Extraordinary contribution tax enacted | 1,036 | ||
Exploration & Production | Foreign (outside Italy) | |||
Current taxes: | |||
Current taxes | 5,349 | 7,027 | 3,609 |
Net deferred taxes: | |||
Net deferred taxes | (22) | 713 | 552 |
Other subsidiaries | Foreign (outside Italy) | |||
Current taxes: | |||
Current taxes | 185 | 944 | 157 |
Net deferred taxes: | |||
Net deferred taxes | € (104) | € (325) | € 133 |
Income taxes - Reconciliation b
Income taxes - Reconciliation between statutory tax and effective tax charge (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Taxes | |||
Profit (loss) before taxation | € 10,228 | € 22,049 | € 10,685 |
Tax rate (IRES) (%) | 24% | 24% | 24% |
Statutory corporation tax charge (credit) on profit or loss | € 2,455 | € 5,292 | € 2,564 |
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | 3,036 | 3,388 | 2,301 |
- extraordinary contribution effect for companies in energy sector | 1,971 | ||
- impact pursuant to foreign tax effects of italian entities | 66 | 108 | |
- effect of the valuation of the investments under the equity method | (26) | 50 | 180 |
- effect due to the tax regime provided for intercompany dividends | 7 | 11 | 54 |
- Italian regional income tax (IRAP) | 91 | (18) | 140 |
- tax effects related to previous years | 48 | (19) | 52 |
- effect of reversals (impairments) of deferred tax assets | (96) | (241) | |
- impact pursuant to (reversal) impairment of deferred tax assets | (221) | (2,087) | (666) |
- other adjustments | 74 | (325) | 112 |
Net tax effect | 2,913 | 2,796 | 2,281 |
Income tax expense | 5,368 | 8,088 | 4,845 |
Exploration & Production | |||
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | € 3,026 | € 2,940 | € 2,040 |
Earnings (loss) per share (Deta
Earnings (loss) per share (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings (loss) per share | |||
Weighted average number of shares used for basic earnings (loss) per share | 3,303,766,512 | 3,483,633,816 | 3,565,973,883 |
Potential shares to be issued for ILT incentive plan | 6,352,583 | 6,319,989 | 7,598,593 |
Potential shares to be issued for Sustainability-linked bond | 17,014,702 | ||
Weighted average number of shares used for diluted earnings (loss) per share | 3,327,133,797 | 3,489,953,805 | 3,573,572,476 |
Profit (loss) attributable to Eni | € 4,771 | € 13,887 | € 5,821 |
Remuneration of subordinated perpetual bonds net of tax effect | (109) | (109) | (95) |
Remuneration of Sustainability-linked bond net of tax effect | 9 | ||
Eni's profit (loss) for basic and diluted earnings (loss) per share | € 4,671 | € 13,778 | € 5,726 |
Basic earnings (loss) per share | € 1.41 | € 3.96 | € 1.61 |
Diluted earnings (loss) per share | € 1.4 | € 3.95 | € 1.6 |
Segment information and infor_3
Segment information and information by geographical area (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 EUR (€) NUMBER | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | |
Segment information and information by geographical area | |||
Number of general departments | NUMBER | 2 | ||
Sales from operations | € 93,717 | € 132,512 | € 76,575 |
Operating profit | 8,257 | 17,510 | 12,341 |
Net provisions for contingencies | (1,369) | (2,985) | (707) |
Depreciation and amortization | (7,479) | (7,205) | (7,063) |
Impairments of tangible and intangible assets and right-of-use assets | (2,262) | 1,567 | (1,723) |
Reversals of tangible and intangible assets and right-of-use assets | 460 | 427 | 1,556 |
Write-off of tangible and intangible assets | (535) | (599) | (387) |
Share of profit (loss) from equity-accounted investments | 1,336 | 1,841 | (1,091) |
Assets | 142,606 | 152,130 | |
Equity-accounted investments | 12,630 | 12,092 | 5,887 |
Liabilities | 88,962 | 96,900 | |
Capital expenditure in tangible and intangible assets | 9,215 | 8,056 | 5,234 |
Allocated amounts | |||
Segment information and information by geographical area | |||
Assets | 99,664 | 100,686 | 94,292 |
Liabilities | 44,866 | 48,103 | 40,989 |
Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Operating profit | 81 | 138 | (208) |
Net provisions for contingencies | (12) | 19 | (23) |
Depreciation and amortization | 34 | 33 | 33 |
Assets | (378) | (472) | (591) |
Liabilities | (56) | (68) | (49) |
Capital expenditure in tangible and intangible assets | (19) | (4) | (4) |
Unallocated amounts | |||
Segment information and information by geographical area | |||
Assets | 42,942 | 51,444 | 43,473 |
Liabilities | 44,096 | 48,797 | 52,257 |
Exploration & Production | |||
Segment information and information by geographical area | |||
Sales from operations | 10,843 | 12,889 | 8,846 |
Exploration & Production | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 23,903 | 31,194 | 21,742 |
Operating profit | 8,549 | 15,963 | 10,113 |
Net provisions for contingencies | (347) | (147) | (221) |
Depreciation and amortization | (6,148) | (6,017) | (5,976) |
Impairments of tangible and intangible assets and right-of-use assets | (1,413) | (613) | (194) |
Reversals of tangible and intangible assets and right-of-use assets | 376 | 181 | 1,438 |
Write-off of tangible and intangible assets | (531) | (596) | (375) |
Share of profit (loss) from equity-accounted investments | 1,009 | 1,526 | 8 |
Assets | 62,180 | 60,298 | 61,699 |
Equity-accounted investments | 6,773 | 7,314 | 2,639 |
Liabilities | 18,020 | 17,339 | 17,024 |
Capital expenditure in tangible and intangible assets | 7,133 | 6,252 | 3,824 |
Exploration & Production | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (13,060) | (18,305) | (12,896) |
Global Gas & LNG Portfolio | |||
Segment information and information by geographical area | |||
Sales from operations | 16,910 | 41,230 | 16,973 |
Global Gas & LNG Portfolio | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 20,139 | 48,586 | 20,843 |
Operating profit | 2,431 | 3,730 | 899 |
Net provisions for contingencies | (205) | (393) | (139) |
Depreciation and amortization | (233) | (217) | (174) |
Impairments of tangible and intangible assets and right-of-use assets | (3) | (6) | (28) |
Reversals of tangible and intangible assets and right-of-use assets | 4 | 18 | 2 |
Write-off of tangible and intangible assets | (1) | ||
Share of profit (loss) from equity-accounted investments | 49 | 4 | |
Assets | 6,381 | 12,282 | 10,022 |
Equity-accounted investments | 531 | 1 | 17 |
Liabilities | 5,997 | 12,572 | 10,072 |
Capital expenditure in tangible and intangible assets | 16 | 23 | 19 |
Global Gas & LNG Portfolio | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (3,229) | (7,356) | (3,870) |
Enilive, Marketing and Chemicals | |||
Segment information and information by geographical area | |||
Sales from operations | 52,165 | 58,470 | 40,051 |
Enilive, Marketing and Chemicals | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 52,558 | 59,178 | 40,374 |
Operating profit | (1,397) | 460 | 45 |
Net provisions for contingencies | 392 | 1,110 | 137 |
Depreciation and amortization | 524 | (506) | 512 |
Impairments of tangible and intangible assets and right-of-use assets | 770 | (752) | 1,342 |
Reversals of tangible and intangible assets and right-of-use assets | 6 | 35 | |
Write-off of tangible and intangible assets | 2 | 2 | |
Share of profit (loss) from equity-accounted investments | 343 | 446 | (333) |
Assets | 15,530 | 14,925 | 13,326 |
Equity-accounted investments | 3,582 | 3,084 | 2,366 |
Liabilities | 10,200 | 9,011 | 6,796 |
Capital expenditure in tangible and intangible assets | 982 | 878 | 728 |
Enilive, Marketing and Chemicals | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (393) | (708) | (323) |
Plenitude & Power | |||
Segment information and information by geographical area | |||
Sales from operations | 13,598 | 19,726 | 10,517 |
Plenitude & Power | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 14,256 | 20,883 | 11,187 |
Operating profit | (464) | (825) | 2,355 |
Net provisions for contingencies | (74) | (14) | (1) |
Depreciation and amortization | (466) | (358) | (286) |
Impairments of tangible and intangible assets and right-of-use assets | (18) | (125) | (132) |
Reversals of tangible and intangible assets and right-of-use assets | 48 | 162 | 112 |
Write-off of tangible and intangible assets | (5) | (1) | |
Share of profit (loss) from equity-accounted investments | (55) | (20) | |
Assets | 13,999 | 11,987 | 8,343 |
Equity-accounted investments | 667 | 663 | 667 |
Liabilities | 6,076 | 4,787 | 3,786 |
Capital expenditure in tangible and intangible assets | 740 | 631 | 443 |
Plenitude & Power | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (658) | (1,157) | (670) |
Corporate and Other activities | |||
Segment information and information by geographical area | |||
Sales from operations | 201 | 197 | 188 |
Corporate and Other activities | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 1,972 | 1,886 | 1,698 |
Operating profit | (943) | (1,956) | (863) |
Net provisions for contingencies | (339) | (1,340) | (186) |
Depreciation and amortization | (142) | (140) | (148) |
Impairments of tangible and intangible assets and right-of-use assets | (58) | (71) | (27) |
Reversals of tangible and intangible assets and right-of-use assets | 26 | 31 | 4 |
Write-off of tangible and intangible assets | 1 | (9) | |
Share of profit (loss) from equity-accounted investments | (10) | (115) | (766) |
Assets | 1,952 | 1,666 | 1,493 |
Equity-accounted investments | 1,077 | 1,030 | 198 |
Liabilities | 4,629 | 4,462 | 3,360 |
Capital expenditure in tangible and intangible assets | 363 | 276 | 224 |
Corporate and Other activities | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | € (1,771) | € (1,689) | € (1,510) |
Segment information and infor_4
Segment information and information by geographical area - Identifiable assets and investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Geographical areas | |||
Assets | € 142,606 | € 152,130 | |
Capital expenditure in tangible and intangible assets | 9,215 | 8,056 | € 5,234 |
Italy | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 2,006 | 1,475 | 1,333 |
Other European Union | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 485 | 415 | 199 |
Rest of Europe | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 235 | 205 | 202 |
Americas | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 609 | 1,266 | 659 |
Asia | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,471 | 1,390 | 1,203 |
Africa | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 4,105 | 3,163 | 1,604 |
Other areas | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 304 | 142 | 34 |
Allocated amounts | |||
Geographical areas | |||
Assets | 99,664 | 100,686 | 94,292 |
Allocated amounts | Italy | |||
Geographical areas | |||
Assets | 30,026 | 29,195 | 23,718 |
Allocated amounts | Other European Union | |||
Geographical areas | |||
Assets | 6,962 | 7,689 | 6,902 |
Allocated amounts | Rest of Europe | |||
Geographical areas | |||
Assets | 5,124 | 6,564 | 6,114 |
Allocated amounts | Americas | |||
Geographical areas | |||
Assets | 7,658 | 8,892 | 5,718 |
Allocated amounts | Asia | |||
Geographical areas | |||
Assets | 17,855 | 18,653 | 17,483 |
Allocated amounts | Africa | |||
Geographical areas | |||
Assets | 30,928 | 28,167 | 33,499 |
Allocated amounts | Other areas | |||
Geographical areas | |||
Assets | € 1,111 | € 1,526 | € 858 |
Segment information and infor_5
Segment information and information by geographical area - Revenue (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Geographical areas | |||
Sales from operations | € 93,717 | € 132,512 | € 76,575 |
Italy | |||
Geographical areas | |||
Sales from operations | 33,450 | 60,090 | 29,968 |
Other European Union | |||
Geographical areas | |||
Sales from operations | 18,271 | 25,413 | 14,671 |
Rest of Europe | |||
Geographical areas | |||
Sales from operations | 18,476 | 21,748 | 12,470 |
Americas | |||
Geographical areas | |||
Sales from operations | 7,004 | 6,929 | 4,420 |
Asia | |||
Geographical areas | |||
Sales from operations | 7,404 | 9,062 | 7,891 |
Africa | |||
Geographical areas | |||
Sales from operations | 9,057 | 9,191 | 7,040 |
Other areas | |||
Geographical areas | |||
Sales from operations | € 55 | € 79 | € 115 |
Transactions with related par_3
Transactions with related parties (Details) - Transactions and balances - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions With Related Parties | |||
Receivables and other assets | € 1,563 | € 2,794 | € 1,822 |
Payables and other liabilities | 4,818 | 3,897 | 3,052 |
Guarantees | 8,041 | 8,503 | 2,135 |
Revenues | 4,478 | 11,028 | 3,052 |
Costs | 15,888 | 15,347 | 8,671 |
Other operating (expense) income | 17 | 3,306 | 735 |
Individual amount limit to be included in other related parties | 50 | 50 | 50 |
Joint ventures and associates and investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and other assets | 663 | 853 | 536 |
Payables and other liabilities | 3,554 | 3,018 | 2,066 |
Guarantees | 8,041 | 8,503 | 2,135 |
Revenues | 383 | 439 | 380 |
Costs | 10,882 | 8,884 | 4,819 |
Other operating (expense) income | (165) | (597) | (409) |
Joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and other assets | 498 | 706 | 402 |
Payables and other liabilities | 3,540 | 3,004 | 2,060 |
Guarantees | 7,845 | 8,301 | 1,945 |
Revenues | 358 | 417 | 359 |
Costs | 10,852 | 8,869 | 4,809 |
Other operating (expense) income | (165) | (597) | (409) |
Agiba Petroleum Co | |||
Transactions With Related Parties | |||
Receivables and other assets | 1 | 17 | 13 |
Payables and other liabilities | 194 | 71 | 57 |
Costs | 308 | 224 | 189 |
Cardon IV SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 24 | ||
Payables and other liabilities | 142 | ||
Revenues | 4 | ||
Costs | 1 | ||
Angola LNG Ltd | |||
Transactions With Related Parties | |||
Costs | 79 | 73 | |
Angola LNG Supply Services Llc | |||
Transactions With Related Parties | |||
Guarantees | 179 | ||
Coral FLNG SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 4 | 10 | 17 |
Guarantees | 1,327 | 1,378 | 1,260 |
Revenues | 6 | 12 | 43 |
Azule Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 113 | 320 | |
Payables and other liabilities | 475 | 517 | |
Guarantees | 3,156 | 3,268 | |
Revenues | 86 | 46 | |
Costs | 2,146 | 1,152 | |
Saipem Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 5 | 3 | 4 |
Payables and other liabilities | 235 | 195 | 134 |
Guarantees | 9 | 9 | 9 |
Revenues | 6 | 9 | 28 |
Costs | 768 | 452 | 174 |
SeaCorridor Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 29 | ||
Payables and other liabilities | 29 | ||
Revenues | 1 | ||
Costs | 357 | ||
Vårgrønn Group | |||
Transactions With Related Parties | |||
Guarantees | 1,321 | 1,259 | |
Karachaganak Petroleum Operating BV | |||
Transactions With Related Parties | |||
Receivables and other assets | 17 | 27 | 24 |
Payables and other liabilities | 250 | 251 | 213 |
Costs | 1,183 | 1,347 | 989 |
Mellitah Oil & Gas BV | |||
Transactions With Related Parties | |||
Receivables and other assets | 49 | 58 | 65 |
Payables and other liabilities | 20 | 144 | 290 |
Revenues | 16 | 9 | 3 |
Costs | 517 | 234 | 263 |
Petrobel Belayim Petroleum Co | |||
Transactions With Related Parties | |||
Receivables and other assets | 58 | 33 | 24 |
Payables and other liabilities | 885 | 595 | 391 |
Revenues | 2 | ||
Costs | 870 | 944 | 651 |
Societa Oleodotti Meridionali SpA | |||
Transactions With Related Parties | |||
Receivables and other assets | 11 | 6 | 6 |
Payables and other liabilities | 473 | 433 | 396 |
Revenues | 19 | 16 | 18 |
Costs | 12 | 14 | 12 |
Societe Centrale Electrique du Congo SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 74 | 47 | 50 |
Revenues | 79 | 74 | 66 |
Var Energi ASA | |||
Transactions With Related Parties | |||
Receivables and other assets | 51 | 58 | 62 |
Payables and other liabilities | 764 | 722 | 526 |
Guarantees | 2,013 | 2,378 | 495 |
Revenues | 58 | 84 | 104 |
Costs | 4,487 | 4,085 | 2,224 |
Other operating (expense) income | (165) | (597) | (409) |
Other joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and other assets | 62 | 127 | 137 |
Payables and other liabilities | 73 | 76 | 53 |
Guarantees | 19 | 9 | 2 |
Revenues | 83 | 167 | 95 |
Costs | 203 | 338 | 234 |
Investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and other assets | 165 | 147 | 134 |
Payables and other liabilities | 14 | 14 | 6 |
Guarantees | 196 | 202 | 190 |
Revenues | 25 | 22 | 21 |
Costs | 30 | 15 | 10 |
Eni BTC Ltd | |||
Transactions With Related Parties | |||
Guarantees | 183 | 190 | 179 |
Industria Siciliana Acido Fosforico ISAF SPA | |||
Transactions With Related Parties | |||
Receivables and other assets | 152 | 139 | 124 |
Payables and other liabilities | 4 | 4 | 1 |
Guarantees | 1 | 1 | 1 |
Revenues | 12 | 15 | 13 |
Other unconsolidated subsidiaries | |||
Transactions With Related Parties | |||
Receivables and other assets | 13 | 8 | 10 |
Payables and other liabilities | 10 | 10 | 5 |
Guarantees | 12 | 11 | 10 |
Revenues | 13 | 7 | 8 |
Costs | 30 | 15 | 10 |
Entities controlled by the Government | |||
Transactions With Related Parties | |||
Receivables and other assets | 677 | 1,762 | 1,116 |
Payables and other liabilities | 1,050 | 763 | 905 |
Revenues | 4,054 | 10,555 | 2,642 |
Costs | 4,401 | 6,007 | 3,597 |
Other operating (expense) income | 182 | 3,903 | 1,144 |
Cassa Depositi e Prestiti Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 5 | 2 | |
Payables and other liabilities | 33 | 47 | |
Revenues | 2 | 3 | |
Costs | 69 | 86 | |
Enel Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 95 | 438 | 583 |
Payables and other liabilities | 168 | 264 | 461 |
Revenues | 93 | 97 | 41 |
Costs | 497 | 275 | 417 |
Other operating (expense) income | (109) | 484 | 373 |
Italgas Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 1 | 218 | 1 |
Payables and other liabilities | 149 | 8 | 49 |
Revenues | 8 | 84 | 3 |
Costs | (20) | 560 | |
Snam Group [Member] | |||
Transactions With Related Parties | |||
Receivables and other assets | 245 | 763 | 160 |
Payables and other liabilities | 352 | 25 | 152 |
Revenues | 1,157 | 1,767 | 159 |
Costs | 1,625 | 873 | 1,013 |
Other operating (expense) income | 1 | ||
Terna Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 85 | 119 | 51 |
Payables and other liabilities | 61 | 159 | 85 |
Revenues | 400 | 612 | 203 |
Costs | 317 | 701 | 309 |
Other operating (expense) income | 8 | (18) | 4 |
GSE - Gestore Servizi Energetici | |||
Transactions With Related Parties | |||
Receivables and other assets | 230 | 207 | 311 |
Payables and other liabilities | 219 | 225 | 125 |
Revenues | 2,104 | 7,786 | 2,216 |
Costs | 1,875 | 4,039 | 1,238 |
Other operating (expense) income | 283 | 3,437 | 766 |
ITA Airways - Italia Trasporto Aereo SpA | |||
Transactions With Related Parties | |||
Receivables and other assets | 5 | 3 | |
Revenues | 238 | 179 | |
Other entities controlled by government | |||
Transactions With Related Parties | |||
Receivables and other assets | 11 | 12 | 10 |
Payables and other liabilities | 68 | 35 | 33 |
Revenues | 52 | 27 | 20 |
Costs | 38 | 33 | 60 |
Other related parties | |||
Transactions With Related Parties | |||
Receivables and other assets | 1 | ||
Payables and other liabilities | 2 | 2 | 2 |
Revenues | 1 | 1 | |
Costs | 36 | 39 | 33 |
Pension funds | |||
Transactions With Related Parties | |||
Costs | 27 | ||
Fondazione Eni Enrico Mattei | |||
Transactions With Related Parties | |||
Costs | 5 | ||
Eni Foundation | |||
Transactions With Related Parties | |||
Costs | 4 | ||
Groupement Sonatrach – Eni «GSE» | |||
Transactions With Related Parties | |||
Receivables and other assets | 222 | 179 | |
Payables and other liabilities | 212 | 114 | |
Revenues | 40 | 33 | |
Costs | € 569 | € 417 | |
Groupement Sonatrach Agip and Organe Conjoint des Operations | |||
Transactions With Related Parties | |||
Receivables and other assets | 170 | ||
Payables and other liabilities | 79 | ||
Revenues | 30 | ||
Costs | € 222 |
Transactions with related par_4
Transactions with related parties - Financing transactions with related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions With Related Parties | |||
Finance incomes and derivative financial instruments | € 7,417 | € 8,450 | € 3,723 |
Finance expenses | 8,113 | 9,333 | 4,216 |
Other Gain (loss) from Investments | 1,108 | 3,623 | 223 |
Financing transactions | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 1,862 | 1,657 | 1,700 |
Payables | 335 | 432 | 277 |
Guarantees | 1,449 | 1,501 | 1,413 |
Finance incomes and derivative financial instruments | 156 | 162 | 79 |
Finance expenses | 28 | 164 | 46 |
Other Gain (loss) from Investments | 445 | 30 | |
Individual amount limit to be included in other related parties | 50 | 50 | 50 |
Financing transactions | Joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 1,841 | 1,639 | 1,660 |
Payables | 239 | 185 | 117 |
Guarantees | 1,449 | 1,501 | 1,413 |
Finance incomes and derivative financial instruments | 155 | 156 | 78 |
Finance expenses | 22 | 159 | 44 |
Other Gain (loss) from Investments | 1 | ||
Financing transactions | Cardon IV SA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 199 | ||
Payables | 2 | ||
Finance incomes and derivative financial instruments | 37 | ||
Financing transactions | Coral FLNG SA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 453 | 356 | 383 |
Finance incomes and derivative financial instruments | 15 | 4 | |
Finance expenses | 140 | 1 | |
Financing transactions | Coral South FLNG DMCC | |||
Transactions With Related Parties | |||
Guarantees | 1,448 | 1,499 | 1,413 |
Finance incomes and derivative financial instruments | 1 | 2 | |
Finance expenses | 1 | ||
Financing transactions | Mozambique Rovuma Venture SpA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 1,339 | 1,187 | 1,008 |
Payables | 170 | 57 | 72 |
Finance incomes and derivative financial instruments | 101 | 48 | |
Finance expenses | 5 | ||
Financing transactions | Saipem Group | |||
Transactions With Related Parties | |||
Payables | 56 | 100 | |
Finance incomes and derivative financial instruments | 16 | ||
Finance expenses | 8 | 3 | |
Financing transactions | Other joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 49 | 96 | 70 |
Payables | 13 | 28 | 43 |
Guarantees | 1 | 2 | |
Finance incomes and derivative financial instruments | 39 | 91 | 35 |
Finance expenses | 14 | 10 | 43 |
Other Gain (loss) from Investments | 1 | ||
Financing transactions | Investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 7 | 8 | 38 |
Payables | 38 | 31 | 34 |
Finance incomes and derivative financial instruments | 1 | 5 | 1 |
Finance expenses | 1 | 4 | 1 |
Financing transactions | Other unconsolidated subsidiaries | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 7 | 8 | 38 |
Payables | 38 | 31 | 34 |
Finance incomes and derivative financial instruments | 1 | 5 | 1 |
Finance expenses | 1 | 4 | 1 |
Financing transactions | Entities controlled by the Government | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 14 | 10 | 2 |
Payables | 58 | 216 | 126 |
Finance incomes and derivative financial instruments | 1 | ||
Finance expenses | 5 | 1 | 1 |
Other Gain (loss) from Investments | 444 | 30 | |
Financing transactions | Enel Group | |||
Transactions With Related Parties | |||
Payables | 176 | 109 | |
Financing transactions | Cassa Depositi e Prestiti Group | |||
Transactions With Related Parties | |||
Payables | 56 | ||
Finance expenses | 2 | ||
Financing transactions | Snam Group [Member] | |||
Transactions With Related Parties | |||
Other Gain (loss) from Investments | 443 | ||
Financing transactions | Italgas Group | |||
Transactions With Related Parties | |||
Other Gain (loss) from Investments | 30 | ||
Financing transactions | Other entities controlled by government | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 14 | 10 | 2 |
Payables | 2 | 40 | 17 |
Finance incomes and derivative financial instruments | 1 | ||
Finance expenses | 3 | € 1 | € 1 |
Other Gain (loss) from Investments | € 1 |
Transactions with related par_5
Transactions with related parties - Impact of transactions and positions with related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions With Related Parties | |||
Cash and cash equivalents | € 10,193 | € 10,155 | |
Other current financial assets | 896 | 1,504 | |
Trade and other receivables | 16,551 | 20,840 | |
Other current assets | 5,637 | 12,821 | |
Other non-current financial assets | 2,301 | 1,967 | |
Other non-current assets | 3,393 | 2,236 | |
Short-term debt | 4,092 | 4,446 | |
Current portion of long-term debt | 2,921 | 3,097 | |
Current portion of non-current lease liabilities | 1,128 | 884 | |
Trade and other payables | 20,654 | 25,709 | |
Other current liabilities | 5,579 | 12,473 | |
Long-term debt | 21,716 | 19,374 | |
Non-current lease liabilities | 4,208 | 4,067 | |
Other non-current liabilities | € 4,096 | € 3,234 | |
Cash and cash equivalents, Percentage | 0.03% | 0.10% | |
Other current financial assets, Percentage | 2.12% | 1.06% | |
Trade and other receivables, Percentage | 8.24% | 11.65% | |
Other current assets, Percentage | 0.57% | 2.66% | |
Other non-current financial assets, Percentage | 79.97% | 82.92% | |
Other non-current assets, Percentage | 4.95% | 1.16% | |
Short-term debt, Percentage | 5.43% | 6.91% | |
Current portion of long-term debt, Percentage | 0.72% | 1.16% | |
Current portion of Non-current lease liabilities, Percentage | 1.86% | 3.96% | |
Trade and other payables, Percentage | 20.55% | 12.46% | |
Other current liabilities, Percentage | 1.11% | 1.86% | |
Long-term debt, Percentage | 0.30% | 0.13% | |
Non-current lease liabilities, Percentage | 0.14% | 0.69% | |
Other non-current liabilities, Percentage | 12.48% | 14.29% | |
Sales from operations | € 93,717 | € 132,512 | € 76,575 |
Other income and revenues | 1,099 | 1,175 | 1,196 |
Purchases, services and other | (73,836) | (102,529) | (55,549) |
Net (impairments) reversals of trade and other receivables | (249) | 47 | (279) |
Payroll and related costs | (3,136) | (3,015) | (2,888) |
Other operating income (expense) | 478 | (1,736) | 903 |
Finance income | 7,417 | 8,450 | 3,723 |
Finance expense | (8,113) | (9,333) | (4,216) |
Derivative financial instruments | (61) | 13 | (306) |
Other income (expense) from investments | € 1,108 | € 3,623 | € 223 |
Sales from operations, Percentage | 4.61% | 8.20% | 3.92% |
Other income and revenues, Percentage | 14.19% | 13.28% | 4.35% |
Purchases, services and other, Percentage | 21.51% | 14.95% | 15.56% |
Net (impairments) reversals of trade and other receivables, Percentage | 2.15% | ||
Payroll and related costs, Percentage | 0.26% | 0.60% | 0.73% |
Other operating income (expense), Percentage | 3.56% | 81.40% | |
Financial income, Percentage | 2.09% | 1.89% | 2.12% |
Financial expense, Percentage | 0.35% | 1.76% | 1.09% |
Derivative financial instruments, Percentage | 15.38% | ||
Other income (expense) from investments, Percentage | 40.16% | 0.83% | |
Net cash provided by operating activities | € 15,119 | € 17,460 | € 12,861 |
Net cash used in investing activities | (9,365) | (7,018) | (12,022) |
Net cash used in financing activities | (5,668) | (8,542) | (2,039) |
Change in cash and cash equivalents | (62) | 16 | 52 |
Net increase (decrease) in cash and cash equivalents | € 24 | € 1,916 | € (1,148) |
Net cash provided from operating activities, Percentage | 1.28% | ||
Net cash used in investing activities, Percentage | 18.10% | 0.46% | 8.12% |
Net cash used in financing activities, Percentage | 2.86% | 1.03% | 0.64% |
Related parties | |||
Transactions With Related Parties | |||
Cash and cash equivalents | € 3 | € 10 | |
Other current financial assets | 19 | 16 | |
Trade and other receivables | 1,363 | 2,427 | |
Other current assets | 32 | 341 | |
Other non-current financial assets | 1,840 | 1,631 | |
Other non-current assets | 168 | 26 | |
Short-term debt | 222 | 307 | |
Current portion of long-term debt | 21 | 36 | |
Current portion of non-current lease liabilities | 21 | 35 | |
Trade and other payables | 4,245 | 3,203 | |
Other current liabilities | 62 | 232 | |
Long-term debt | 65 | 26 | |
Non-current lease liabilities | 6 | 28 | |
Other non-current liabilities | 511 | 462 | |
Sales from operations | 4,322 | 10,872 | € 3,000 |
Other income and revenues | 156 | 156 | 52 |
Purchases, services and other | (15,885) | (15,327) | (8,644) |
Net (impairments) reversals of trade and other receivables | 5 | (2) | (6) |
Payroll and related costs | (8) | (18) | (21) |
Other operating income (expense) | 17 | 3,306 | 735 |
Finance income | 155 | 160 | 79 |
Finance expense | (28) | (164) | (46) |
Derivative financial instruments | 1 | 2 | |
Other income (expense) from investments | 445 | 30 | |
Revenue and other income cash flow | 4,478 | 11,028 | 3,052 |
Costs and other expenses cash flow | (13,539) | (13,749) | (7,814) |
Other operating income (loss) cash flow | 17 | 3,306 | 735 |
Net change in trade and other receivables and payables | 1,916 | (431) | (342) |
Net interests cash flow | 117 | 69 | 38 |
Net cash provided by operating activities | (7,011) | 223 | (4,331) |
Capital expenditure in tangible and intangible assets | (2,349) | (1,596) | (851) |
Disposal of investments | 440 | 165 | |
Net change in accounts payable and receivable in relation to investments | 504 | 1,480 | (20) |
Change in financial receivables | (290) | (81) | (105) |
Net cash used in investing activities | (1,695) | (32) | (976) |
Change in financial and lease liabilities | (162) | (88) | (13) |
Net cash used in financing activities | (162) | (88) | (13) |
Change in cash and cash equivalents | (7) | 8 | 2 |
Net increase (decrease) in cash and cash equivalents | € (8,875) | € 111 | € (5,318) |
Transactions with related par_6
Transactions with related parties - Additional information (Details) | 12 Months Ended | |
Jan. 10, 2023 | Dec. 31, 2023 | |
SeaCorridor Srl | Snam Group [Member] | ||
Transactions With Related Parties | ||
Equity interest disposed (as a percent) | 49.90% | 49.90% |
Other information about inves_3
Other information about investments - Parent company (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Parent | ||
Share capital | € 4,005,000,000 | € 4,005,000,000 |
ENI SpA | ||
Parent | ||
Share capital | € 4,005,358,876 | € 4,005,358,876 |
ENI SpA | ||
Parent | ||
Registered office | Rome | |
Country of operation | Italy | |
Share capital | € 4,005,358,876 | |
ENI SpA | Cassa Depositi ePrestiti SpA | ||
Parent | ||
Percentage of interest held in reporting entity | 27.73% | |
ENI SpA | Ministero dell Economia e delle Finanze | ||
Parent | ||
Percentage of interest held in reporting entity | 4.67% | |
ENI SpA | ENI SpA | ||
Parent | ||
Percentage of interest held in reporting entity | 4.65% | |
ENI SpA | Other Shareholders | ||
Parent | ||
Percentage of interest held in reporting entity | 62.95% |
Other information about inves_4
Other information about investments - Subsidiaries - Exploration & Production (Details) | 12 Months Ended | ||||||||||||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 AUD ($) | Dec. 31, 2023 CAD ($) | Dec. 31, 2023 EGP (ج.م.) | Dec. 31, 2023 RUB (₽) | Dec. 31, 2023 ARS ($) | Dec. 31, 2023 BRL (R$) | Dec. 31, 2023 CDF (CF) | Dec. 31, 2023 GHS (GH₵) | Dec. 31, 2023 MXN ($) | Dec. 31, 2023 NGN (₦) | Dec. 31, 2023 UAH (₴) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Subsidiaries | |||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||||||
ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||||||||||
Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Oleodotto del Reno SA | ||||||||||||||
Exploration & Production | Italy | Subsidiaries One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Mediterranea Idrocarburi SpA | ||||||||||||||
Registered office | Gela (CL) | ||||||||||||||
Country of operation | Italy | ||||||||||||||
Share capital | 5,200,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries One [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Mozambico SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Mozambique | ||||||||||||||
Share capital | 200,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Two [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Natural Energies Mozambico Srl | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Mozambique | ||||||||||||||
Share capital | 100,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Three [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Natural Energies SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Italy | ||||||||||||||
Share capital | 100,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Four [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Timor Leste SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | East Timor | ||||||||||||||
Share capital | 4,386,849 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Five [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni West Africa SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Angola | ||||||||||||||
Share capital | 1,000,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Six [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Floaters SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Italy | ||||||||||||||
Share capital | 200,120,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Seven [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Ieoc SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Egypt | ||||||||||||||
Share capital | 1,518,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Società Petrolifera Italiana SpA | ||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||
Country of operation | Italy | ||||||||||||||
Share capital | 3,652,000 | ||||||||||||||
% Equity ratio | 99.96% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Nine [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.96% | ||||||||||||||
Exploration & Production | Italy | Subsidiaries Nine [Member] | Third parties | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.04% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Agip Caspian Sea BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||
Share capital | 20,005 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ten [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Agip Energy and Natural Resources (Nigeria) Ltd | ||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||
Country of operation | Nigeria | ||||||||||||||
Share capital | ₦ | ₦ 5,000,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 95% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 5% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twelve [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Agip Karachaganak BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||
Share capital | 20,005 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Bacton CCS Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 10,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Eni CCUS H. Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Burren Energy (Bermuda) Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | $ | $ 12,002 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | Burren Energy Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Burren Energy (Egypt) Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Egypt | ||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Burren Energy Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Burren Energy Congo Ltd | ||||||||||||||
Registered office | Road Town (British Virgin Islands) | ||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||
Share capital | $ | 50,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Burren En.(Berm) Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Burren Energy India Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Burren Energy Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Burren Energy Plc | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 28,819,023 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Eni UK Holding Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Burren Shakti Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | $ | 213,138 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Burren En. India Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Abu Dhabi BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Albania BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Albania | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Algeria Exploration BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Algeria Ltd Sàrl | ||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Algeria Production BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Ambalat Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni America Ltd | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 72,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni UHL Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Argentina Exploración y Explotación SA | ||||||||||||||
Registered office | Buenos Aires (Argentina) | ||||||||||||||
Country of operation | Argentina | ||||||||||||||
Share capital | $ | $ 31,997,266 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 95% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 5% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Arguni I Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Australia BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Australia | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Australia Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Australia | ||||||||||||||
Share capital | £ | £ 20,000,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Bahrain BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Bahrain | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni BB Petroleum Inc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni Petroleum Co Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni BTC Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Bukat Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Canada Holding Ltd | ||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||
Country of operation | Canada | ||||||||||||||
Share capital | $ | 3,938,200,001 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni CBM Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | $ | 2,210,728 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni CCUS Holding Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 167,020,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni China BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | China | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Congo SAU | ||||||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | ||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||
Share capital | $ | 500,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni E&Holding BV [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Côte d'Ivoire Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Ivory Coast | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Cyprus Ltd | ||||||||||||||
Registered office | Nicosia (Cyprus) | ||||||||||||||
Country of operation | Cyprus | ||||||||||||||
Share capital | 2,011 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltda | ||||||||||||||
Registered office | Rio de Janeiro (Brazil) | ||||||||||||||
Country of operation | Brazil | ||||||||||||||
Share capital | R$ | R$ 1596052720 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni East Ganal Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni East Med BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Netherlands | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni East Sepinggan Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Elgin/Franklin Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Energy Russia BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Netherlands | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Exploration & Production Holding BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Netherlands | ||||||||||||||
Share capital | 29,832,777.12 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Ganal Deepwater Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | $ | 12,700 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Ganal Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Gas & Power LNG Australia BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Australia | ||||||||||||||
Share capital | 1,013,439 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Ghana Exploration and Production Ltd | ||||||||||||||
Registered office | Accra (Ghana) | ||||||||||||||
Country of operation | Ghana | ||||||||||||||
Share capital | GH₵ | GH₵ 21,412,500 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni GoM Llc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 5,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Eni Marketing Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Hewett Ltd | ||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 3,036,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Hydrocarbons Venezuela Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Venezuela | ||||||||||||||
Share capital | £ | £ 8,050,500 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni In Amenas Ltd | ||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | $ | 1 | ||||||||||||||
% Ownership | 100% | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni In Salah Ltd | ||||||||||||||
Registered office | Nassau (Bahamas) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | $ | 1,002 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Eni Algeria Expl.BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 39.52% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Eni IS Exploration Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 60.48% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni India Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | India | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Indonesia Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Eni ULX Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Indonesia Ots 1 Ltd | ||||||||||||||
Registered office | George Town (Cayman Islands) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | $ | 1.01 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni International NA NV Sàrl | ||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | $ | 25,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Investments Plc | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 750,050,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Iran BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Iran | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Iraq BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Iraq | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni IS Exploration Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Ownership | 100% | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Isatay BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni JPDA 03-13 Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Australia | ||||||||||||||
Share capital | £ | £ 250,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni JPDA 06-105 Pty Ltd | ||||||||||||||
Registered office | Perth (Australia) | ||||||||||||||
Country of operation | Australia | ||||||||||||||
Share capital | $ | $ 80,830,576 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni JPDA 11-106 BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Australia | ||||||||||||||
Share capital | 50,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Kenya BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Kenya | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Krueng Mane Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Lasmo Plc | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 337,638,724.25 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | Eni Investments Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Lebanon BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Lebanon | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Liverpool Bay Operating Co Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni LNS Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Makassar Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | $ | 12,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Marketing Inc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | Eni Petroleum Co Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Maroc BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Morocco | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni México S. de RL de CV | ||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||
Country of operation | Mexico | ||||||||||||||
Share capital | $ | $ 3,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.90% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.10% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Middle East Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty [Member] | Eni ULT Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni MOG Ltd (in liquidation) | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 0 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Montenegro BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Republic of Montenegro | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Mozambique Engineering Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Mozambique LNG Holding BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Netherlands | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Muara Bakau BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Myanmar BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Myanmar | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni New Energy Egypt SAE | ||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||
Country of operation | Egypt | ||||||||||||||
Share capital | ج.م. | ج.م. 250,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.98% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Ieoc Exploration BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.01% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Ieoc Production BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.01% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni North Africa BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Libya | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni North Ganal Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Oil & Gas Inc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 100,800 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety [Member] | Eni America Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Oil Algeria Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Oil Holdings BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Netherlands | ||||||||||||||
Share capital | 450,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | Eni ULX Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Oman BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Oman | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Peri Mahakam Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Petroleum Co Inc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 156,600,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 63.86% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 36.14% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Petroleum US Llc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | Eni BB Petroleum Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Qatar BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Qatar | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Rapak Deepwater Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | $ | 12,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni RAK BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Rapak Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni RD Congo SA | ||||||||||||||
Registered office | Kinshasa (Democratic Republic of the Congo) | ||||||||||||||
Country of operation | Democratic Republic of the Congo | ||||||||||||||
Share capital | CF | CF 750,000,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Rovuma Basin BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Mozambique | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | Eni Mozambique LNG H. BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Sharjah BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni South Africa BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Republic of South Africa | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni South China Sea Ltd Sàrl | ||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||
Country of operation | China | ||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Timor 22-23 BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | East Timor | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni TNS Ltd | ||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Tunisia BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Tunisia | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Turkmenistan Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | Turkmenistan | ||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | Burren En.(Berm) Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni UHL Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | Eni ULT Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni UK Holding Plc | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 424,050,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni UK Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 50,000,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twelve [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni UKCS Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twelve [Member] | Eni UK Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Ukraine Holdings BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Netherlands | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirteen [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Ukraine LLC (in liquidation) | ||||||||||||||
Registered office | Kiev (Ukraine) | ||||||||||||||
Country of operation | Ukraine | ||||||||||||||
Share capital | ₴ | ₴ 98,419,627.51 | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.01% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | Eni Ukraine Hold.BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fifteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni ULT Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 93,215,492.25 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fifteen [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Sixteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni ULX Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 200,010,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Sixteen [Member] | Eni ULT Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seventeen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni US Operating Co Inc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seventeen [Member] | Eni Petroleum Co Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eighteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni USA Gas Marketing Llc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 10,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eighteen [Member] | Eni Marketing Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nineteen [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni USA Inc | ||||||||||||||
Registered office | Dover (USA) | ||||||||||||||
Country of operation | USA | ||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nineteen [Member] | Eni Oil & Gas Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Venezuela BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Venezuela | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty [Member] | Eni Venezuela E&P Holding | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Venezuela E&P Holding SA | ||||||||||||||
Registered office | Bruxelles (Belgium) | ||||||||||||||
Country of operation | Belgium | ||||||||||||||
Share capital | $ | 254,443,200 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty One [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Vietnam BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Vietnam | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Two [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni West Ganal Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Three [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni West Timor Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Four [Member] | Eni Indonesia Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Eni Yemen Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | Burren Energy Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Export LNG Ltd | ||||||||||||||
Registered office | Hong Kong (Hong Kong) | ||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||
Share capital | $ | 322,325,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Six [Member] | ENI SpA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | First Calgary Petroleums LP | ||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||
Country of operation | Algeria | ||||||||||||||
Share capital | $ | 1 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | Eni Canada Hold. Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | FCP Partner Co ULC | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.01% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | First Calgary Petroleums Partner Co ULC | ||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||
Country of operation | Canada | ||||||||||||||
Share capital | $ | $ 10 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | Eni Canada Hold. Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Ieoc Exploration BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Egypt | ||||||||||||||
Share capital | 20,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Ieoc Production BV | ||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||
Country of operation | Egypt | ||||||||||||||
Share capital | € 20,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Lasmo Sanga Sanga Ltd | ||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||
Country of operation | Indonesia | ||||||||||||||
Share capital | $ | 12,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | Eni Lasmo Plc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Two [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Liverpool Bay CCS Ltd | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | £ | £ 117,310,000 | ||||||||||||||
% Ownership | 100% | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Three [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Liverpool Bay Ltd (in liquidation) | ||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||
Country of operation | United Kingdom | ||||||||||||||
Share capital | $ | 1 | ||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Three [Member] | Eni ULX Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 100% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Four [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | LLC "Eni Energhia" | ||||||||||||||
Registered office | Moscow (Russia) | ||||||||||||||
Country of operation | Russia | ||||||||||||||
Share capital | ₽ | ₽ 2,000,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Four [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.10% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Four [Member] | Eni Energy Russia BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.90% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Five [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Mizamtec Operating Company S. de RL de CV | ||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||
Country of operation | Mexico | ||||||||||||||
Share capital | $ | $ 3,000 | ||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Five [Member] | Eni US Op. Co Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.90% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Six [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Nigerian Agip CPFA Ltd | ||||||||||||||
Registered office | Lagos (Nigeria) | ||||||||||||||
Country of operation | Nigeria | ||||||||||||||
Share capital | ₦ | 1,262,500 | ||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Six [Member] | Eni Petroleum Co Inc | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.10% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Six [Member] | NAOC Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 98.02% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Six [Member] | Agip En Nat Res. Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Six [Member] | Nigerian Agip E. Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Seven [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Nigerian Agip Exploration Ltd | ||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||
Country of operation | Nigeria | ||||||||||||||
Share capital | ₦ | 5,000,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Seven [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.99% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Seven [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.01% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Eight [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Nigerian Agip Oil Co Ltd | ||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||
Country of operation | Nigeria | ||||||||||||||
Share capital | ₦ | ₦ 1,800,000 | ||||||||||||||
% Equity ratio | 100% | ||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Eight [Member] | Eni International BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 99.89% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Eight [Member] | Eni Oil Holdings BV | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 0.11% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Nine [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Zetah Congo Ltd | ||||||||||||||
Registered office | Nassau (Bahamas) | ||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||
Share capital | $ | 300 | ||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Nine [Member] | Eni Congo SA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 66.67% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Nine [Member] | Burren En.Congo Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 33.33% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty [Member] | |||||||||||||||
Subsidiaries | |||||||||||||||
Company name | Zetah Kouilou Ltd | ||||||||||||||
Registered office | Nassau (Bahamas) | ||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||
Share capital | $ | $ 2,000 | ||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty [Member] | Eni Congo SA | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 54.50% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty [Member] | Burren En.Congo Ltd | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 37% | ||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty [Member] | Third parties | |||||||||||||||
Subsidiaries | |||||||||||||||
% Ownership | 8.50% |
Other information about inves_5
Other information about investments - Subsidiaries - Global Gas & LNG Portfolio (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Subsidiaries | ||
Share capital | € 4,005,000,000 | € 4,005,000,000 |
ENI SpA | ||
Subsidiaries | ||
Share capital | € 4,005,358,876 | € 4,005,358,876 |
Foreign (outside Italy) | Subsidiaries Five [Member] | ||
Subsidiaries | ||
Company name | Oleodotto del Reno SA | |
Global Gas & LNG Portfolio | Italy | Subsidiaries One [Member] | ||
Subsidiaries | ||
Company name | Eni Gas Transport Services Srl | |
Registered office | San Donato Milanese (MI) | |
Country of operation | Italy | |
Share capital | € 120,000 | |
Consolidation or valuation method | Co. | |
Global Gas & LNG Portfolio | Italy | Subsidiaries One [Member] | ENI SpA | ||
Subsidiaries | ||
% Ownership | 100% | |
Global Gas & LNG Portfolio | Italy | Subsidiaries Two [Member] | ||
Subsidiaries | ||
Company name | Eni Global Energy Markets SpA | |
Registered office | Rome | |
Country of operation | Italy | |
Share capital | € 41,233,720 | |
% Equity ratio | 100% | |
Consolidation or valuation method | F.C. | |
Global Gas & LNG Portfolio | Italy | Subsidiaries Two [Member] | ENI SpA | ||
Subsidiaries | ||
% Ownership | 100% | |
Global Gas & LNG Portfolio | Italy | Subsidiaries Three [Member] | ||
Subsidiaries | ||
Company name | LNG Shipping SpA | |
Registered office | San Donato Milanese (MI) | |
Country of operation | Italy | |
Share capital | € 240,900,000 | |
% Equity ratio | 100% | |
Consolidation or valuation method | F.C. | |
Global Gas & LNG Portfolio | Italy | Subsidiaries Three [Member] | ENI SpA | ||
Subsidiaries | ||
% Ownership | 100% | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Four [Member] | ||
Subsidiaries | ||
Company name | Eni España Comercializadora de Gas SAU | |
Registered office | Madrid (Spain) | |
Country of operation | Spain | |
Share capital | € 2,340,240 | |
% Equity ratio | 100% | |
Consolidation or valuation method | F.C. | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Four [Member] | ENI SpA | ||
Subsidiaries | ||
% Ownership | 100% | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Five [Member] | ||
Subsidiaries | ||
Company name | Eni G&P Trading BV | |
Registered office | Amsterdam (Netherlands) | |
Country of operation | Turkey | |
Share capital | € 70,000 | |
% Equity ratio | 100% | |
Consolidation or valuation method | F.C. | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Five [Member] | Eni International BV | ||
Subsidiaries | ||
% Ownership | 100% | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Six [Member] | ||
Subsidiaries | ||
Company name | Eni Gas Liquefaction BV | |
Registered office | Amsterdam (Netherlands) | |
Country of operation | Netherlands | |
Share capital | € 20,000 | |
% Equity ratio | 100% | |
Consolidation or valuation method | F.C. | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Six [Member] | Eni International BV | ||
Subsidiaries | ||
% Ownership | 100% |
Other information about inves_6
Other information about investments - Subsidiaries - Enilive, Refining and Chemicals (Details) | 12 Months Ended | ||||||||||||||||||||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 INR (₨) | Dec. 31, 2023 CNY (¥) | Dec. 31, 2023 CAD ($) | Dec. 31, 2023 CHF (SFr) | Dec. 31, 2023 XOF | Dec. 31, 2023 BRL (R$) | Dec. 31, 2023 SGD ($) | Dec. 31, 2023 XAF | Dec. 31, 2023 DKK (kr) | Dec. 31, 2023 GHS (GH₵) | Dec. 31, 2023 HKD ($) | Dec. 31, 2023 HUF (Ft) | Dec. 31, 2023 MXN ($) | Dec. 31, 2023 TRY (₺) | Dec. 31, 2023 NOK (kr) | Dec. 31, 2023 PLN (zł) | Dec. 31, 2023 RON | Dec. 31, 2023 SEK (kr) | Dec. 31, 2023 VND (₫) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Subsidiaries | |||||||||||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||||||||||||||
ENI SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||||||||||||||||||
Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Oleodotto del Reno SA | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Ecofuel SpA | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 52,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries One [Member] | ENI SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Alexandria Srl Società Agricola | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Two [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4in Aprilia Srl | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Three [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Flaibano Srl Società Agricola | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Four [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Grupellum Società Agricola Srl | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 100,000 | ||||||||||||||||||||||
% Equity ratio | 98% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Five [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 98% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Five [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 2% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Jonica Srl | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Six [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Momo Società Agricola Srl | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Seven [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Pannellia BioGas Srl Società Agricola | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eight [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Po Energia Srl Società Agricola (former Po' Energia Srl Società Agricola) | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Nine [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Ten [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Quadruvium Srl Società Agricola | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 100,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Ten [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eleven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in Service BioGas Srl | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eleven [Member] | EniBioCh4in SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Twelve [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | EniBioCh4 in SpA | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 2,500,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Twelve [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Thirteen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Enimoov SpA (former Eni Fuel SpA) | ||||||||||||||||||||||
Registered office | Rome | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 59,944,310 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Thirteen [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Fourteen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Sustainable Mobility SpA | ||||||||||||||||||||||
Registered office | Rome | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 311,509,143 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Fourteen [Member] | ENI SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Fifteen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Trade & Biofuels SpA | ||||||||||||||||||||||
Registered office | Rome | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 22,568,759 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Fifteen [Member] | ENI SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Sixteen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Petroven Srl | ||||||||||||||||||||||
Registered office | Genova | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 918,520 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Sixteen [Member] | Ecofuel SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Seventeen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Raffineria di Gela SpA | ||||||||||||||||||||||
Registered office | Gela (CL) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 15,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Seventeen [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eighteen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | SeaPad SpA | ||||||||||||||||||||||
Registered office | Genova | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 12,400,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eighteen [Member] | Ecofuel SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 80% | ||||||||||||||||||||||
Enilive and Refining | Italy | Subsidiaries Eighteen [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 20% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Abu Dhabi Refining & Trading BV | ||||||||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Eni International BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Abu Dhabi Refining & Trading Services BV | ||||||||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Eni Abu Dhabi R&T BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Austria GmbH | ||||||||||||||||||||||
Registered office | Wien (Austria) | ||||||||||||||||||||||
Country of operation | Austria | ||||||||||||||||||||||
Share capital | 78,500,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni Deutsch.GmbH | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 25% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 75% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Benelux BV | ||||||||||||||||||||||
Registered office | Rotterdam (Netherlands) | ||||||||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||||||||
Share capital | 1,934,040 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Deutschland GmbH | ||||||||||||||||||||||
Registered office | Munich (Germany) | ||||||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||||||
Share capital | 90,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni International BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 11% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 89% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Ecuador SA | ||||||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||||||
Share capital | $ | $ 103,142.08 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni International BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.93% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Esain SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 0.07% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Energy (Shanghai) Co Ltd | ||||||||||||||||||||||
Registered office | Shanghai (China) | ||||||||||||||||||||||
Country of operation | China | ||||||||||||||||||||||
Share capital | 5,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni France Sàrl | ||||||||||||||||||||||
Registered office | Lyon (France) | ||||||||||||||||||||||
Country of operation | France | ||||||||||||||||||||||
Share capital | 56,800,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Iberia SLU | ||||||||||||||||||||||
Registered office | Alcobendas (Spain) | ||||||||||||||||||||||
Country of operation | Spain | ||||||||||||||||||||||
Share capital | 17,299,100 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Marketing Austria GmbH | ||||||||||||||||||||||
Registered office | Wien (Austria) | ||||||||||||||||||||||
Country of operation | Austria | ||||||||||||||||||||||
Share capital | 19,621,665.23 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni Mineralolh.GmbH | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Mineralölhandel GmbH | ||||||||||||||||||||||
Registered office | Wien (Austria) | ||||||||||||||||||||||
Country of operation | Austria | ||||||||||||||||||||||
Share capital | 34,156,232.06 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni Austria GmbH | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Schmiertechnik GmbH | ||||||||||||||||||||||
Registered office | Wurzburg (Germany) | ||||||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||||||
Share capital | 2,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni Deutsch.GmbH | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Suisse SA | ||||||||||||||||||||||
Registered office | Lausanne (Switzerland) | ||||||||||||||||||||||
Country of operation | Switzerland | ||||||||||||||||||||||
Share capital | SFr | SFr 102,500,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Sustainable Mobility US Inc | ||||||||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni Sust. Mobility SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Trading & Shipping Inc | ||||||||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | 1,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | ET&B SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni Transporte y Suministro México S. de RL de CV | ||||||||||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||||||||||
Country of operation | Mexico | ||||||||||||||||||||||
Share capital | $ | $ 3,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni International BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Oil Holdings BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Eni USA R&M Co Inc | ||||||||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | 11,000,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni International BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Esacontrol SA | ||||||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||||||
Share capital | $ | 60,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni Ecuador SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 87% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 13% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Esain SA | ||||||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||||||
Share capital | $ | 30,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni Ecuador SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Oléoduc du Rhône SA | ||||||||||||||||||||||
Registered office | Bovernier (Switzerland) | ||||||||||||||||||||||
Country of operation | Switzerland | ||||||||||||||||||||||
Share capital | SFr | SFr 7,000,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni International BV | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Tecnoesa SA | ||||||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||||||
Share capital | $ | 36,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Enilive and Refining | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni Ecuador SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis SpA | ||||||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 300,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty [Member] | ENI SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject SpA | ||||||||||||||||||||||
Registered office | Morrovalle (MC) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 18,500,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty One [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Mater-Agro Srl | ||||||||||||||||||||||
Registered office | Novara | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Two [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 85% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Two [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 15% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Mater-Biotech SpA | ||||||||||||||||||||||
Registered office | Novara | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 120,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Three [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Matrìca SpA | ||||||||||||||||||||||
Registered office | Porto Torres (SS) | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 37,500,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Four [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 50% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Four [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 50% | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Novamont SpA | ||||||||||||||||||||||
Registered office | Novara | ||||||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||||||
Share capital | 20,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Italy | Subsidiaries Forty Five [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Asian Compounds Ltd | ||||||||||||||||||||||
Registered office | Hong Kong (Hong Kong) | ||||||||||||||||||||||
Country of operation | Hong Kong | ||||||||||||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Finproject Asia Ltd | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BBI Sverige AB | ||||||||||||||||||||||
Registered office | Torsby (Sweden) | ||||||||||||||||||||||
Country of operation | Sweden | ||||||||||||||||||||||
Share capital | kr | kr 100,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Americas Inc | ||||||||||||||||||||||
Registered office | Dunedin (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | 476 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Finland OY | ||||||||||||||||||||||
Registered office | Vantaa (Finland) | ||||||||||||||||||||||
Country of operation | Finland | ||||||||||||||||||||||
Share capital | 203,784 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 97.99% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 2.01% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Inc | ||||||||||||||||||||||
Registered office | Toronto (Canada) | ||||||||||||||||||||||
Country of operation | Canada | ||||||||||||||||||||||
Share capital | $ | $ 100 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag International AS | ||||||||||||||||||||||
Registered office | Indre Østfold (Norway) | ||||||||||||||||||||||
Country of operation | Norway | ||||||||||||||||||||||
Share capital | kr | kr 3,565,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Norge AS | ||||||||||||||||||||||
Registered office | Indre Østfold (Norway) | ||||||||||||||||||||||
Country of operation | Norway | ||||||||||||||||||||||
Share capital | kr | kr 200,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Plastics Ltd | ||||||||||||||||||||||
Registered office | Delgany (Ireland) | ||||||||||||||||||||||
Country of operation | Ireland | ||||||||||||||||||||||
Share capital | 1,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 90.10% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 9.90% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Polska Sp zoo | ||||||||||||||||||||||
Registered office | Wroclaw (Poland) | ||||||||||||||||||||||
Country of operation | Poland | ||||||||||||||||||||||
Share capital | zł | zł 106,100 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag UK Ltd | ||||||||||||||||||||||
Registered office | Belfast (United Kingdom) | ||||||||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 90.10% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 9.90% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | BioBag Zenzo A/S | ||||||||||||||||||||||
Registered office | Hillerød (Denmark) | ||||||||||||||||||||||
Country of operation | Denmark | ||||||||||||||||||||||
Share capital | kr | kr 400,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Dagöplast AS | ||||||||||||||||||||||
Registered office | Hiiumaa (Estonia) | ||||||||||||||||||||||
Country of operation | Estonia | ||||||||||||||||||||||
Share capital | 76,800 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | BioBag International | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság | ||||||||||||||||||||||
Registered office | Budapest (Hungary) | ||||||||||||||||||||||
Country of operation | Hungary | ||||||||||||||||||||||
Share capital | Ft | Ft 5,219,443,200 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 96.34% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Versalis Deutsc GmbH | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 1.83% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 1.83% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject Asia Ltd | ||||||||||||||||||||||
Registered office | Hong Kong (Hong Kong) | ||||||||||||||||||||||
Country of operation | Hong Kong | ||||||||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject Brasil Industria De Solados Eireli | ||||||||||||||||||||||
Registered office | Franca (Brazil) | ||||||||||||||||||||||
Country of operation | Brazil | ||||||||||||||||||||||
Share capital | R$ | R$ 1000000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject Guangzhou Trading Co Ltd | ||||||||||||||||||||||
Registered office | Guangzhou (China) | ||||||||||||||||||||||
Country of operation | China | ||||||||||||||||||||||
Share capital | $ | 180,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject India Pvt Ltd | ||||||||||||||||||||||
Registered office | Jaipur (India) | ||||||||||||||||||||||
Country of operation | India | ||||||||||||||||||||||
Share capital | ₨ | ₨ 46,712,940 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Versalis Singapore P. Ltd | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject Romania Srl | ||||||||||||||||||||||
Registered office | Valea Lui Mihai (Romania) | ||||||||||||||||||||||
Country of operation | Romania | ||||||||||||||||||||||
Share capital | RON | RON 7,523,030 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Finproject Viet Nam Company Limited | ||||||||||||||||||||||
Registered office | Hai Phong (Vietnam) | ||||||||||||||||||||||
Country of operation | Vietnam | ||||||||||||||||||||||
Share capital | ₫ | ₫ 19,623,250,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | Finproject Asia Ltd | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Foam Creations (2008) Inc | ||||||||||||||||||||||
Registered office | Quebec City (Canada) | ||||||||||||||||||||||
Country of operation | Canada | ||||||||||||||||||||||
Share capital | $ | $ 1,215,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Foam Creations México SA de CV | ||||||||||||||||||||||
Registered office | León (Mexico) | ||||||||||||||||||||||
Country of operation | Mexico | ||||||||||||||||||||||
Share capital | $ | 35,956,433 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 46.77% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | Foam Creations (2008) | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 53.23% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Novamont France SAS | ||||||||||||||||||||||
Registered office | Paris (France) | ||||||||||||||||||||||
Country of operation | France | ||||||||||||||||||||||
Share capital | 40,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Novamont GmbH | ||||||||||||||||||||||
Registered office | Eschborn (Germany) | ||||||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||||||
Share capital | 25,564 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Novamont Iberia SLU | ||||||||||||||||||||||
Registered office | Cornellà de Llobregat (Spain) | ||||||||||||||||||||||
Country of operation | Spain | ||||||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Novamont North America Inc | ||||||||||||||||||||||
Registered office | Shelton (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | 50,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Novamont SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Padanaplast America Llc | ||||||||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | 70,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Padanaplast Deutschland GmbH | ||||||||||||||||||||||
Registered office | Hannover (Germany) | ||||||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||||||
Share capital | 25,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | Finproject SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Americas Inc | ||||||||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||||||||
Country of operation | USA | ||||||||||||||||||||||
Share capital | $ | $ 100,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Congo Sarlu | ||||||||||||||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | ||||||||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||||||||
Share capital | XAF | XAF 1,000,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Deutschland GmbH | ||||||||||||||||||||||
Registered office | Eschborn (Germany) | ||||||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||||||
Share capital | 100,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis France SAS | ||||||||||||||||||||||
Registered office | Mardyck (France) | ||||||||||||||||||||||
Country of operation | France | ||||||||||||||||||||||
Share capital | 126,115,582.9 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis International Côte d'Ivoire Sarlu | ||||||||||||||||||||||
Registered office | Abidjan (Ivory Coast) | ||||||||||||||||||||||
Country of operation | Ivory Coast | ||||||||||||||||||||||
Share capital | XOF | XOF 270,000,000 | ||||||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis International SA | ||||||||||||||||||||||
Registered office | Bruxelles (Belgium) | ||||||||||||||||||||||
Country of operation | Belgium | ||||||||||||||||||||||
Share capital | € 15,449,173.88 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 59% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Versalis Deutsc GmbH | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 23.71% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Dunastyr Zrt | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 14.43% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Versalis France | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 2.86% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Kimya Ticaret Limited Sirketi | ||||||||||||||||||||||
Registered office | Istanbul (Turkey) | ||||||||||||||||||||||
Country of operation | Turkey | ||||||||||||||||||||||
Share capital | ₺ | ₺ 20,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis México S. de RL de CV | ||||||||||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||||||||||
Country of operation | Mexico | ||||||||||||||||||||||
Share capital | $ | $ 45,001,000 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Pacific (India) Private Ltd | ||||||||||||||||||||||
Registered office | Mumbai (India) | ||||||||||||||||||||||
Country of operation | India | ||||||||||||||||||||||
Share capital | ₨ | ₨ 238,700 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | Versalis Singapore P. Ltd | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Pacific Trading (Shanghai) Co Ltd | ||||||||||||||||||||||
Registered office | Shanghai (China) | ||||||||||||||||||||||
Country of operation | China | ||||||||||||||||||||||
Share capital | ¥ | ¥ 15,237,236 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Singapore Pte Ltd | ||||||||||||||||||||||
Registered office | Singapore (Singapore) | ||||||||||||||||||||||
Country of operation | Singapore | ||||||||||||||||||||||
Share capital | $ | $ 5,886,800 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis UK Ltd | ||||||||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||||||||
Share capital | £ | £ 4,018,042 | ||||||||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | Versalis SpA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 100% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
Company name | Versalis Zeal Ltd | ||||||||||||||||||||||
Registered office | Takoradi (Ghana) | ||||||||||||||||||||||
Country of operation | Ghana | ||||||||||||||||||||||
Share capital | GH₵ | GH₵ 5,650,000 | ||||||||||||||||||||||
% Equity ratio | 80% | ||||||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Versalis International SA | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 80% | ||||||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Third parties | |||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||
% Ownership | 20% |
Other information about inves_7
Other information about investments - Subsidiaries - Plenitude & Power (Details) | 12 Months Ended | ||||||
Dec. 31, 2023 EUR (€) | Dec. 31, 2023 AUD ($) | Dec. 31, 2023 COP ($) | Dec. 31, 2023 KZT (₸) | Dec. 31, 2023 RON | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Subsidiaries | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
ENI SpA | |||||||
Subsidiaries | |||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||||
Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Oleodotto del Reno SA | ||||||
Plenitude | Italy | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude SpA Società Benefit | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 770,000,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries One [Member] | ENI SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Agrikroton Srl - Società Agricola | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Two [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Charge Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 500,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Three [Member] | Be Power SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Charge Valle d'Aosta Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | Be Charge Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Power SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 698,251 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 99.19% | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 0.81% | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Borgia Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Corridonia Energia Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 20,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seven [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Dynamica Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eight [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Ecoener Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Nine [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Elettro Sannio Wind 2 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,225,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Ten [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Enerkall Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twelve [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 9,296,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twelve [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Miniwind Srl (former SEF Miniwind Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirteen [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fourteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Società Agricola Bio Srl (former Società Agricola SEF Bio Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fourteen [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Solar & Miniwind Italia Srl (former SEF Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 25,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Solar Abruzzo Srl (former SEF Solar Abruzzo Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventeen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Solar III Srl (former SEF Green Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 500 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventeen [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Eighteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Solar II Srl (former SEF Solar II Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eighteen [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Nineteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Solar Srl (former SEF Solar Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 120,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Nineteen [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Technical Services Srl (former PLT Engineering Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Wind & Energy Srl (former PLT Energia Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 3,865,474 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty One [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Wind 2020 Srl (former PLT Wind 2020 Srl) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,000,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Two [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Wind 2022 SpA (former PLT Wind 2022 SpA) | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,000,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Three [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Pietramontecorvino Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Four [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Wind Power Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Five [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolo Energie - Corleone - Campofiorito Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Six [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Evolvere SpA Società Benefit | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,130,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Seven [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Evolvere Venture SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Eight [Member] | Evolvere SpA Soc. Ben. | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Faren Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Nine [Member] | Eni Plen. Solar III Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty [Member] | |||||||
Subsidiaries | |||||||
Company name | FAS Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 119,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Fotovoltaica Pietramontecorvino Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty One [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | FV4P Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Two [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Gemsa Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Three [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | GPC Due Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 12,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Four [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | GPC Uno Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 25,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Five [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Green Parity Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Six [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Lugo Società Agricola Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Seven [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Lugo Solar Tech Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Eight [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Marano Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Nine [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty [Member] | |||||||
Subsidiaries | |||||||
Company name | Marano Solare Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Marcellinara Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 35,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty One [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Micropower Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 30,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Two [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Molinetto Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Three [Member] | Faren Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Montefano Energia Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 20,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Four [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Monte San Giusto Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Five [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Olivadi Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Six [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Parco Eolico di Tursi e Colobraro Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 31,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Seven [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Pescina Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Eight [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Pieve5 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Nine [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty [Member] | |||||||
Subsidiaries | |||||||
Company name | Pollenza Sole Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 32,500 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Ravenna 1 FTV Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty One [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | RF-AVIO Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Two [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | RF-Cavallerizza Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Three [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Ruggiero Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Four [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | SAV - Santa Maria Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Five [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Agricentro Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Six [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Casemurate Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Seven [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Forestale Pianura Verde Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Eight [Member] | Soc. Agr. Agricentro Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Isola d'Agri Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Nine [Member] | Eni Plen. Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola L'Albero Azzurro Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty [Member] | Soc. Agr. Agricentro Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Timpe Muzzunetti 2 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 2,500 | ||||||
% Equity ratio | 70% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty One [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 70% | ||||||
Plenitude | Italy | Subsidiaries Sixty One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 30% | ||||||
Plenitude | Italy | Subsidiaries Sixty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Vivaro FTV Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Two [Member] | Eni Plen. S&M Italia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | VRG Wind 127 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Three [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | VRG Wind 149 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Four [Member] | Eni Plen. Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | W-Energy Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 93,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Five [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Salandra Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Six [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Windsol Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 3,250,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Seven [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Turbines Engineering 2 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 5,450,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Eight [Member] | Eni Plen. Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana | ||||||
Registered office | Ljubljana (Slovenia) | ||||||
Country of operation | Slovenia | ||||||
Share capital | € 12,956,935 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Aleria Solar SAS | ||||||
Registered office | Bastia (France) | ||||||
Country of operation | France | ||||||
Share capital | € 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Two [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Almazara Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Three [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Alpinia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Four [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Anberia Invest SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 13,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Five [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Argon SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 180,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Six [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Armadura Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seven [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Arm Wind Llp | ||||||
Registered office | Astana (Kazakhstan) | ||||||
Country of operation | Kazakhstan | ||||||
Share capital | ₸ | ₸ 19,069,100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eight [Member] | Eni En. Solutions BV | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV1 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 68,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nine [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV2 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 40,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ten [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV3 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 36,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twelve [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV4 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 14,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Xenon SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV5 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 14,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Xenon SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Atlante Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Belle Magiocche Solaire SAS | ||||||
Registered office | Bastia (France) | ||||||
Country of operation | France | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Boceto Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||
Subsidiaries | |||||||
Company name | Bonete Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria Class B Member Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria County Solar Project Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 1,000 | ||||||
% Equity ratio | 90.69% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Brazoria HoldCo Llc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria HoldCo Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 194,670,209 | ||||||
% Equity ratio | 90.69% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Brazoria Class B | |||||||
Subsidiaries | |||||||
% Ownership | 90.69% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 9.31% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||
Subsidiaries | |||||||
Company name | BT Kellam Solar Llc | ||||||
Registered office | Austin (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 1,000 | ||||||
% Equity ratio | 95.25% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Kellam Tax Eq. Partn. | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Camelia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Celtis Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Chapitel Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Energy Class B Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Energy Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 94.03% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Corazon Tax Eq. Part. Llc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Energy Services Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
Consolidation or valuation method | Eq. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Tax Equity Partnership Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 184,488,333 | ||||||
% Equity ratio | 94.03% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Corazon En. Class B Llc | |||||||
Subsidiaries | |||||||
% Ownership | 94.03% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 5.97% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Corlinter 5000 SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 13,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||
Subsidiaries | |||||||
Company name | Cornisa Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Desarrollos Empresariales Illas SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Desarrollos Energéticos Riojanos SL | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 876,042 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 60% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Energias Amb. Outes | |||||||
Subsidiaries | |||||||
% Ownership | 40% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Ecovent Parc Eolic SAU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 1,037,350 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Ekain Renovables SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Energía Eólica Boreas SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Energías Alternativas Eólicas Riojanas SL | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 2,008,901.71 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 57.50% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Desarrollos Energéticos | |||||||
Subsidiaries | |||||||
% Ownership | 42.50% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Energías Ambientales de Outes SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 643,451.49 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Energy Solutions BV | ||||||
Registered office | Amsterdam (Netherlands) | ||||||
Country of operation | Netherlands | ||||||
Share capital | € 20,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Gas & Power France SA | ||||||
Registered office | Levallois Perret (France) | ||||||
Country of operation | France | ||||||
Share capital | € 239,500,800 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 99.99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Australia Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | $ 4 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Batchelor Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni New En. Aus. Pty Ltd | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Katherine Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Eni New En. Aus. Pty Ltd | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Manton Dam Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | $ 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni New En. Aus. Pty Ltd | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Holding Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni New Energy US Inv. Inc | |||||||
Subsidiaries | |||||||
% Ownership | 1% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Inc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Investing Inc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Iberia SLU | ||||||
Registered office | Santander (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,192,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Investment Colombia SAS (former PLT Colombia SAS) | ||||||
Registered office | Bogotà (Colombia) | ||||||
Country of operation | Colombia | ||||||
Share capital | $ | $ 510,840,000 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Investment Spain SL (former PLT Spagna SL) | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Eni Plen. Wind & En. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Operations France SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 1,116,489.72 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables France SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 51,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables Hellas Single Member SA | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 8,227,464 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables Renewables Luxembourg Sàrl | ||||||
Registered office | Luxembourg (Luxembourg) | ||||||
Country of operation | Luxembourg | ||||||
Share capital | € 10,253,560 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables Spain SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 6,680 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Rooftop France SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 40,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Technical Services Colombia SAS (former PLT Engineering Colombia SAS) | ||||||
Registered office | Bogotà (Colombia) | ||||||
Country of operation | Colombia | ||||||
Share capital | $ | 1,000,000 | ||||||
% Equity ratio | 60% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | Eni Plen. Tech. Serv. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 60% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 40% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Technical Services Romania Srl (former PLT Engineering Romania Srl) | ||||||
Registered office | Cluj-Napoca (Romania) | ||||||
Country of operation | Romania | ||||||
Share capital | RON | RON 4,400 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Eni Plen. Tech. Serv. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 95% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Ruggiero Wind Srl | |||||||
Subsidiaries | |||||||
% Ownership | 5% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Technical Services Spain SLU (formerPLTEngineering Spagna SLU) | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Eni Plen. Tech. Serv. Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Cuellar de la Sierra SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 110,999.77 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Eni Plen. Inv. Spain SL | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty [Member] | |||||||
Subsidiaries | |||||||
Company name | Estanque Redondo Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Fortaleza Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Fotovoltaica Escudero SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Garita Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Gas Supply Company Thessaloniki-Thessalia SA | ||||||
Registered office | Thessaloniki (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 13,761,788 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Guajillo Energy Storage Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | Eni New Energy US H. Llc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Guilleus Consulting SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 13,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | HLS Bonete PV SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,602 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | HLS Bonete Topco SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | HLS Bonete Topco SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 6,602 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Holding Lanas Solar Sàrl | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy [Member] | |||||||
Subsidiaries | |||||||
Company name | Inveese SAS | ||||||
Registered office | Bogotá (Colombia) | ||||||
Country of operation | Colombia | ||||||
Share capital | $ | $ 100,000,000 | ||||||
% Equity ratio | 38.25% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Eni Plen. Inv. Colombia | |||||||
Subsidiaries | |||||||
% Ownership | 75% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 25% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | |||||||
Subsidiaries | |||||||
Company name | Ixia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Kellam Solar Class B Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Kellam Tax Equity Partnership Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 41,199,357 | ||||||
% Equity ratio | 95.25% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | Kellam Solar Class B | |||||||
Subsidiaries | |||||||
% Ownership | 95.25% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 4.75% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Krypton SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 180,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Ladronera Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Lanas Solar SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | Holding Lanas Solar Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Maristella Directorship SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | Eni Plen. Ren. Spain SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Membrio Solar SLU | ||||||
Registered office | Lodosa (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Miburia Trade SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 13,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty [Member] | |||||||
Subsidiaries | |||||||
Company name | Olea Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Opalo Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Pistacia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | POP Solar SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Punes Trade SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 13,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Renopool 1 SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,015 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | Eni Plen. Ren. Spain SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV1 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 37,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV2 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 39,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV3 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 37,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV4 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 36,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV5 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 22,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV6 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 28,300 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV7 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 66,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV8 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 27,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV9 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 27,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV10 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,800 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV11 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 26,300 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV12 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 31,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV13 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 45,100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV14 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 121,900 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV15 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 39,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV16 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 32,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV17 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 50,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV18 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 6,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV19Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 91,400 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV20 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 59,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Tantalio Renovables SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | Eni Plen. Ren. Spain SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Tebar Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Grower SLU | ||||||
Registered office | Ourense (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 593,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Hero SLU | ||||||
Registered office | Ourense (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 563,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | Eni Plen. T. S. Spain | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Xenon SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 1,500,100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 0.01% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 99.99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Zinnia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Power | Italy | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | EniPower SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 200,000,000 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Power | Italy | Subsidiaries One [Member] | ENI SpA | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Power | Italy | Subsidiaries One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Power | Italy | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | EniPower Mantova SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 144,000,000 | ||||||
% Equity ratio | 44.12% | ||||||
Consolidation or valuation method | F.C. | ||||||
Power | Italy | Subsidiaries Two [Member] | EniPower SpA | |||||||
Subsidiaries | |||||||
% Ownership | 86.50% | ||||||
Power | Italy | Subsidiaries Two [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 13.50% |
Other information about inves_8
Other information about investments - Subsidiaries - Corporate and other activities (Details) | 12 Months Ended | |||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 EGP (ج.م.) | Dec. 31, 2023 CHF (SFr) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Subsidiaries | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
ENI SpA | ||||||
Subsidiaries | ||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | ||||
Foreign (outside Italy) | Subsidiaries Five [Member] | ||||||
Subsidiaries | ||||||
Company name | Oleodotto del Reno SA | |||||
Corporate and financial companies | Italy | Subsidiaries One [Member] | ||||||
Subsidiaries | ||||||
Company name | Agenzia Giornalistica Italia SpA | |||||
Registered office | Rome | |||||
Country of operation | Italy | |||||
Share capital | 2,000,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries One [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Two [Member] | ||||||
Subsidiaries | ||||||
Company name | D-Share SpA | |||||
Registered office | Milan | |||||
Country of operation | Italy | |||||
Share capital | 121,719.25 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Two [Member] | AGI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Three [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Corporate University SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 3,360,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Three [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Four [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Energia Italia Srl | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 50,000 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Italy | Subsidiaries Four [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Five [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Trading & Shipping SpA (in liquidation) | |||||
Registered office | Rome | |||||
Country of operation | Italy | |||||
Share capital | 334,171 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Italy | Subsidiaries Five [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Six [Member] | ||||||
Subsidiaries | ||||||
Company name | EniProgetti SpA | |||||
Registered office | Venezia Marghera (VE) | |||||
Country of operation | Italy | |||||
Share capital | 2,064,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Six [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Seven [Member] | ||||||
Subsidiaries | ||||||
Company name | EniServizi SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 13,427,419.08 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Seven [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Eight [Member] | ||||||
Subsidiaries | ||||||
Company name | Eniverse Ventures Srl | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 1,550,000 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Italy | Subsidiaries Eight [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | ||||||
Subsidiaries | ||||||
Company name | Enivibes Srl | |||||
Registered office | Milan | |||||
Country of operation | Italy | |||||
Share capital | 3,552,632 | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | Eniverse | ||||||
Subsidiaries | ||||||
% Ownership | 76% | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | Third parties | ||||||
Subsidiaries | ||||||
% Ownership | 24% | |||||
Corporate and financial companies | Italy | Subsidiaries Ten [Member] | ||||||
Subsidiaries | ||||||
Company name | Servizi Aerei SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 48,205,536 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Ten [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eleven [Member] | ||||||
Subsidiaries | ||||||
Company name | Banque Eni SA | |||||
Registered office | Bruxelles (Belgium) | |||||
Country of operation | Belgium | |||||
Share capital | 50,000,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 99.90% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni Oil Holdings BV | ||||||
Subsidiaries | ||||||
% Ownership | 0.10% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Finance USA Inc | |||||
Registered office | Dover (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 2,500,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni Petroleum Co Inc | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Insurance DAC | |||||
Registered office | Dublin (Ireland) | |||||
Country of operation | Ireland | |||||
Share capital | 500,000,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni International BV | |||||
Registered office | Amsterdam (Netherlands) | |||||
Country of operation | Netherlands | |||||
Share capital | 641,683,425 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni International Resources Ltd | |||||
Registered office | London (United Kingdom) | |||||
Country of operation | United Kingdom | |||||
Share capital | £ | £ 50,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99.99% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Next Llc | |||||
Registered office | Dover (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 100 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Eni Petroleum Co Inc | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | ||||||
Subsidiaries | ||||||
Company name | EniProgetti Egypt Ltd | |||||
Registered office | Cairo (Egypt) | |||||
Country of operation | Egypt | |||||
Share capital | ج.م. | ج.م. 50,000 | |||||
Consolidation or valuation method | Eq. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 1% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | EniProgetti SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99% | |||||
Other activities | Subsidiaries Four [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Rewind International BV | |||||
Other activities | Italy | Subsidiaries One [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Rewind SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 101,755,495.3 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Other activities | Italy | Subsidiaries One [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99.99% | |||||
Other activities | Italy | Subsidiaries Two [Member] | ||||||
Subsidiaries | ||||||
Company name | Industria Siciliana Acido Fosforico - ISAF -SpA (in liquidation) | |||||
Registered office | Gela (CL) | |||||
Country of operation | Italy | |||||
Share capital | 1,300,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Italy | Subsidiaries Two [Member] | Eni Rewind SpA | ||||||
Subsidiaries | ||||||
% Ownership | 52% | |||||
Other activities | Italy | Subsidiaries Two [Member] | Third parties | ||||||
Subsidiaries | ||||||
% Ownership | 48% | |||||
Other activities | Italy | Subsidiaries Three [Member] | ||||||
Subsidiaries | ||||||
Company name | Progetto Nuraghe Scarl | |||||
Registered office | Porto Torres (SS) | |||||
Country of operation | Italy | |||||
Share capital | 10,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Italy | Subsidiaries Three [Member] | Eni Rewind SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Four [Member] | ||||||
Subsidiaries | ||||||
Registered office | Amsterdam (Netherlands) | |||||
Country of operation | Netherlands | |||||
Share capital | € 20,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Four [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Five [Member] | ||||||
Subsidiaries | ||||||
Registered office | Coira (Switzerland) | |||||
Country of operation | Switzerland | |||||
Share capital | SFr | SFr 1,550,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Five [Member] | Eni Rewind SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% |
Other information about inves_9
Other information about investments - Joint arrangements and associates - Exploration & Production (Details) | 12 Months Ended | ||||||||||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 EGP (ج.م.) | Dec. 31, 2023 KWD (د.ك) | Dec. 31, 2023 XAF | Dec. 31, 2023 KZT (₸) | Dec. 31, 2023 MZN (MT) | Dec. 31, 2023 NOK (kr) | Dec. 31, 2023 TND (د.ت) | Dec. 31, 2023 AED (د.إ) | Dec. 31, 2023 VEF | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Joint arrangements and associates | |||||||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | |||||||||||
ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
Share capital | € | 4,005,358,876 | € 4,005,358,876 | |||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Agri-Energy Srl (†) | ||||||||||||
Registered office | Jolanda di Savoia (FE) | ||||||||||||
Country of operation | Italy | ||||||||||||
Share capital | € | 50,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | Eni Natural Energies SpA [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Angola SpA | ||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 20,200,000 | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Two [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Mozambique Rovuma Venture SpA (†) | ||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | € | 20,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Three [Member] | ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 35.71% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 64.29% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Agiba Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | ج.م. 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Ashrafi Island Petroleum Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Angola (Block 18) BV (former BP Angola (Block 18) BV) | ||||||||||||
Registered office | Rotterdam (Netherlands) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 2,275,625.42 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Angola BV (former Eni Angola Exploration BV) | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Angola Production BV (former Eni Angola Production BV) | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Exploration Angola (KB) Ltd (former BP Exploration Angola (Kwanza Benguela) Ltd) | ||||||||||||
Registered office | Sunbury On Thames (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | $ 1 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Exploration (Angola) Ltd (former BP Exploration (Angola) Ltd) | ||||||||||||
Registered office | Sunbury On Thames (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | 1,000,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Gas Supply Services Inc | ||||||||||||
Registered office | Dover (USA) | ||||||||||||
Country of operation | USA | ||||||||||||
Share capital | $ | 1,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Holdings Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | United Kingdom | ||||||||||||
Share capital | $ | 1,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Ltd (former Angola JVCO Ltd) | ||||||||||||
Registered office | Sunbury On Thames (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | 1,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy US Gas Llc (former BP Gas Supply (Angola) Llc) | ||||||||||||
Registered office | Wilmington (USA) | ||||||||||||
Country of operation | USA | ||||||||||||
Share capital | $ | 12,800,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Azule En. Gas Sup. S. Inc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Barentsmorneftegaz Sàrl (†) | ||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||
Country of operation | Russia | ||||||||||||
Share capital | $ | 20,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Eni Energy Russia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Cabo Delgado Gas Development Limitad (†) | ||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | MT | MT 2,500,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Cardon IV SA (†) | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | VEF 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Compañia Agua Plana SA | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | 0 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 26% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Coral FLNG SA | ||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | MT | 100,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Coral South FLNG DMCC | ||||||||||||
Registered office | Dubai (United Arab Emirates) | ||||||||||||
Country of operation | United Arab Emirates | ||||||||||||
Share capital | د.إ | د.إ 500,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | East Delta Gas Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | East Obaiyed Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | El Temsah Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | EI-Fayrouz Petroleum Co (†) (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Fedynskmorneftegaz Sarl (†) | ||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||
Country of operation | Russia | ||||||||||||
Share capital | $ | 20,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Eni Energy Russia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | In Salah Gas Ltd | ||||||||||||
Registered office | St. Helier (Jersey) | ||||||||||||
Country of operation | Algeria | ||||||||||||
Share capital | £ | £ 180 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Eni In Salah Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.56% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74.44% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | In Salah Gas Services Ltd | ||||||||||||
Registered office | St. Helier (Jersey) | ||||||||||||
Country of operation | Algeria | ||||||||||||
Share capital | £ | £ 180 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Eni In Salah Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.56% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74.44% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Isatay Operating Company LIp (†) | ||||||||||||
Registered office | Astana (Kazakhstan) | ||||||||||||
Country of operation | Kazakhstan | ||||||||||||
Share capital | ₸ | ₸ 400,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Eni Isatay | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Karachaganak Petroleum Operating BV | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Kazakhstan | ||||||||||||
Share capital | € | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | Agip Karachaganak BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 29.25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 70.75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Khaleej Petroleum Co Wll | ||||||||||||
Registered office | Safat (Kuwait) | ||||||||||||
Country of operation | Kuwait | ||||||||||||
Share capital | د.ك | د.ك 250,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | Eni Middle E. Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 49% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 51% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Liberty National Development Co Llc | ||||||||||||
Registered office | Wilmington (USA) | ||||||||||||
Country of operation | USA | ||||||||||||
Share capital | $ | 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | Eni Oil & Gas Inc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 32.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 67.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Mediterranean Gas Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Meleiha Petroleum Company | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Melitah Oil & Gas BV (†) | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Libya | ||||||||||||
Share capital | € | € 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Eni North Africa BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Nile Delta Oil Co Nidoco | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Norpipe Terminal Holdco Ltd | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | £ | £ 55.69 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 14.20% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 85.80% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | North Bardawil Petroleum Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 30% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 70% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | North El Burg Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | North El Hammad Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | $ | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 18.75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 81.25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Petrobel Belayim Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PetroBicentenario SA (†) | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 40% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 60% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PetroJunín SA (†) | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | 0.02 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 40% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 60% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PetroSucre SA | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | VEF 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 26% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Pharaonic Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Port Said Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | QatarEnergy LNG NFE (5) (former Qatar Liquefied Gas Company Limited (9)) | ||||||||||||
Registered office | Doha (Qatar) | ||||||||||||
Country of operation | Qatar | ||||||||||||
Share capital | $ | 1,175,885,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | Eni Qatar BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Rovuma LNG Investment (DIFC) Ltd | ||||||||||||
Registered office | Dubai (United Arab Emirates) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | $ | 50,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Rovuma LNG SA | ||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | MT | MT 100,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Shorouk Petroleum Company | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Société Centrale Electrique du Congo SA | ||||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | ||||||||||||
Country of operation | Republic of the Congo | ||||||||||||
Share capital | XAF | XAF 44,732,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | Eni Congo SAU | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 20% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 80% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Société Italo Tunisienne d’Exploitation Pétrolière SA (†) | ||||||||||||
Registered office | Tunis (Tunisia) | ||||||||||||
Country of operation | Tunisia | ||||||||||||
Share capital | د.ت | د.ت 5,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | Eni Tunisia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Sodeps - Société de Developpementet d’Exploitation du Permis du Sud SA (†) | ||||||||||||
Registered office | Tunis (Tunisia) | ||||||||||||
Country of operation | Tunisia | ||||||||||||
Share capital | د.ت | د.ت 100,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | Eni Tunisia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Thekah Petroleum Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | United Gas Derivatives Co | ||||||||||||
Registered office | New Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | $ | 153,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Four [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Vår Energi ASA (#) | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | kr 399,425,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Five [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 63.04% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 36.96% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | VIC CBM Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Indonesia | ||||||||||||
Share capital | $ | 52,315,912 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Six [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Virginia Indonesia Co CBM Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Indonesia | ||||||||||||
Share capital | $ | $ 25,631,640 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Seven [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | West Ashrafi Petroleum Co (†) (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | ج.م. 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Eight [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% |
Other information about inve_10
Other information about investments - Joint arrangements and associates - Global Gas & LNG Portfolio (Details) | 12 Months Ended | |||
Dec. 31, 2023 EUR (€) | Dec. 31, 2023 TND (د.ت) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Joint arrangements and associates | ||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||
ENI SpA | ||||
Joint arrangements and associates | ||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | ||||
Joint arrangements and associates | ||||
Company name | SeaCorridor Srl (†) (former Eni Corridor Srl) | |||
Registered office | San Donato Milanese (MI) | |||
Country of operation | Italy | |||
Share capital | € 100,000,000 | |||
Consolidation or valuation method | Eq. | |||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | ENI SpA | ||||
Joint arrangements and associates | ||||
% Ownership | 50.10% | |||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 49.90% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Two [Member] | ||||
Joint arrangements and associates | ||||
Company name | Blue Stream Pipeline Co BV (†) | |||
Registered office | Amsterdam (Netherlands) | |||
Country of operation | Russia | |||
Share capital | $ | $ 22,000 | |||
% Equity ratio | 74.62% | |||
Consolidation or valuation method | J.O. | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Two [Member] | Eni International BV | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Two [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | ||||
Joint arrangements and associates | ||||
Company name | Damietta LNG (DLNG) SAE (†) | |||
Registered office | Damietta (Egypt) | |||
Country of operation | Egypt | |||
Share capital | $ | 375,000,000 | |||
% Equity ratio | 50% | |||
Consolidation or valuation method | J.O. | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Eni Gas Liquef. BV | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | ||||
Joint arrangements and associates | ||||
Company name | DLNG Service SAE (†) | |||
Registered office | Damietta (Egypt) | |||
Country of operation | Egypt | |||
Share capital | $ | $ 1,000,000 | |||
% Equity ratio | 50% | |||
Consolidation or valuation method | J.O. | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Damietta LNG (DLNG) SAE | ||||
Joint arrangements and associates | ||||
% Ownership | 98% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Eni Gas Liquef. BV | ||||
Joint arrangements and associates | ||||
% Ownership | 1% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 1% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | ||||
Joint arrangements and associates | ||||
Company name | GreenStream BV (†) | |||
Registered office | Amsterdam (Netherlands) | |||
Country of operation | Libya | |||
Share capital | € 200,000,000 | |||
% Equity ratio | 50% | |||
Consolidation or valuation method | J.O. | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Eni North Africa BV | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | ||||
Joint arrangements and associates | ||||
Company name | Société Energies Renouvelables Eni-ETAP SA (†) | |||
Registered office | Tunis (Tunisia) | |||
Country of operation | Tunisia | |||
Share capital | د.ت | د.ت 11,100,000 | |||
Consolidation or valuation method | Eq. | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Eni International BV | ||||
Joint arrangements and associates | ||||
% Ownership | 50% | |||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 50% |
Other information about inve_11
Other information about investments - Joint arrangements and associates - Enilive, Refining and Chemicals (Details) | 12 Months Ended | ||||||||||
Dec. 31, 2023 EUR (€) | Dec. 31, 2023 EGP (ج.م.) | Dec. 31, 2023 CHF (SFr) | Dec. 31, 2023 KRW (₩) | Dec. 31, 2023 SGD ($) | Dec. 31, 2023 KZT (₸) | Dec. 31, 2023 TND (د.ت) | Dec. 31, 2023 AED (د.إ) | Dec. 31, 2023 VEF | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Joint arrangements and associates | |||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||
ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate One [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Arezzo Gas SpA (†) | ||||||||||
Registered office | Arezzo | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 394,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate One [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Two [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | CePIM Centro Padano Interscambio Merci SpA | ||||||||||
Registered office | Fontevivo (PR) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 6,642,928.32 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Two [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 44.78% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 55.22% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Consorzio Operatori GPL di Napoli | ||||||||||
Registered office | Napoli | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 102,000 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Three [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Costiero Gas Livorno SpA (†) | ||||||||||
Registered office | Livorno | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 26,000,000 | ||||||||||
% Equity ratio | 65% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Four [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Disma SpA | ||||||||||
Registered office | Segrate (MI) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 2,600,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Five [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Six [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Porto Petroli di Genova SpA | ||||||||||
Registered office | Genova | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 2,068,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Six [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 40.50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 59.50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Seven [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Raffineria di Milazzo ScpA (†) | ||||||||||
Registered office | Milazzo (ME) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 171,143,000 | ||||||||||
% Equity ratio | 50% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Seven [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Eight [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Seram SpA | ||||||||||
Registered office | Fiumicino (RM) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 852,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Eight [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Nine [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Sigea Sistema Integrato Genova Arquata SpA | ||||||||||
Registered office | Genova | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 3,326,900 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Nine [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Ten [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Società Oleodotti Meridionali - SOM SpA (†) | ||||||||||
Registered office | Rome | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 3,085,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Ten [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 70% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Eleven [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | South Italy Green Hydrogen Srl (†) | ||||||||||
Registered office | Rome | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 10,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Eleven [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Italy | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Abu Dhabi Oil Refining Company (TAKREER) | ||||||||||
Registered office | Abu Dhabi (United Arab Emirates) | ||||||||||
Country of operation | United Arab Emirates | ||||||||||
Share capital | د.إ | د.إ 500,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Eni Abu Dhabi R&T BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | ADNOC Global Trading Ltd | ||||||||||
Registered office | Abu Dhabi (United Arab Emirates) | ||||||||||
Country of operation | United Arab Emirates | ||||||||||
Share capital | $ | $ 100,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Eni Abu Dhabi R&T BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | AET - Raffineriebeteiligungsgesellschaft mbH (†) | ||||||||||
Registered office | Schwedt (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 27,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 33.33% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 66.67% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Bayernoil Raffineriegesellschaft mbH (†) | ||||||||||
Registered office | Vohburg (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 10,226,000 | ||||||||||
% Equity ratio | 20% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | City Carburoil SA (†) | ||||||||||
Registered office | Monteceneri (Switzerland) | ||||||||||
Country of operation | Switzerland | ||||||||||
Share capital | SFr | SFr 6,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Eni Suisse SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49.91% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.09% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Egyptian International Gas Technology Co | ||||||||||
Registered office | New Cairo (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | ج.م. 100,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 40% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 60% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | ENEOS Italsing Pte Ltd | ||||||||||
Registered office | Singapore (Singapore) | ||||||||||
Country of operation | Singapore | ||||||||||
Share capital | $ | $ 12,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | Eni Sust. Mobility SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 22.50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 77.50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Fuelling Aviation Services GIE | ||||||||||
Registered office | Tremblay - en-France (France) | ||||||||||
Country of operation | France | ||||||||||
Share capital | € 0 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | Eni France Sarl | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Mediterranée Bitumes SA | ||||||||||
Registered office | Tunis (Tunisia) | ||||||||||
Country of operation | Tunisia | ||||||||||
Share capital | د.ت | د.ت 1,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 34% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 66% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Routex BV | ||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||
Country of operation | Netherlands | ||||||||||
Share capital | € 67,500 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Eni Sust. Mobility SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Routex BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 60% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Saraco SA | ||||||||||
Registered office | Meyrin (Switzerland) | ||||||||||
Country of operation | Switzerland | ||||||||||
Share capital | SFr | SFr 420,000 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Eni Suisse SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | St. Bernard Renewables Llc (†) | ||||||||||
Registered office | Wilmington (USA) | ||||||||||
Country of operation | USA | ||||||||||
Share capital | $ | $ 1,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | ESM US Inc | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Supermetanol CA (†) | ||||||||||
Registered office | Jose Puerto La Cruz (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | VEF | VEF 0 | ||||||||||
% Equity ratio | 50% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Supermetanol CA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.07% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 34.51% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35.42% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | TBG Tanklager Betriebsgesellschaf GmbH (†) | ||||||||||
Registered office | Salzburg (Austria) | ||||||||||
Country of operation | Austria | ||||||||||
Share capital | € 43,603.7 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Eni Marketing A. GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Weat Electronic Datenservice GmbH | ||||||||||
Registered office | Düsseldorf (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 409,034 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Enilive and Refining | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate One [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Brindisi Servizi Generali Scarl | ||||||||||
Registered office | Brindisi | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 1,549,060 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate One [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate One [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.20% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate One [Member] | EniPower SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 8.90% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 21.90% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Two [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | IFM Ferrara ScpA | ||||||||||
Registered office | Ferrara | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 5,304,464 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Two [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 19.61% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Two [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 11.51% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Two [Member] | S.E.F. Srl | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 10.63% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 58.25% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Polymer Servizi Ecologici Scarl | ||||||||||
Registered office | Terni | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 10,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Three [Member] | Novamont SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 32.44% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Three [Member] | Soci Terzi | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 67.56% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Priolo Servizi ScpA | ||||||||||
Registered office | Melilli (SR) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 28,100,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Four [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 37.22% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Four [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 5.65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 57.13% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Ravenna Servizi Industriali ScpA | ||||||||||
Registered office | Ravenna | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 5,597,400 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Five [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 42.13% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Five [Member] | EniPower SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.37% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Five [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 1.85% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Six [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Servizi Porto Marghera Scarl | ||||||||||
Registered office | Venezia Marghera (VE) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 8,695,718 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Six [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 48.44% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Six [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 38.39% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 13.17% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | BioBag Baltic OÜ | ||||||||||
Registered office | Tallinn (Estonia) | ||||||||||
Country of operation | Estonia | ||||||||||
Share capital | € 3,846 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | BioBag International | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Lotte Versalis Elastomers Co Ltd (†) | ||||||||||
Registered office | Yeosu (South Korea) | ||||||||||
Country of operation | South Korea | ||||||||||
Share capital | ₩ | ₩ 601,800,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Versalis Chem-invest Llp (†) | ||||||||||
Registered office | Uralsk City (Kazakhstan) | ||||||||||
Country of operation | Kazakhstan | ||||||||||
Share capital | ₸ | ₸ 64,194,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Versalis International SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 51% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | VPM Oilfield Specialty Chemicals Llc (†) | ||||||||||
Registered office | Abu Dhabi (United Arab Emirates) | ||||||||||
Country of operation | United Arab Emirates | ||||||||||
Share capital | د.إ | د.إ 1,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Versalis International SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 51% |
Other information about inve_12
Other information about investments - Joint arrangements and associates - Plenitude & Power (Details) | 12 Months Ended | ||||
Dec. 31, 2023 EUR (€) | Dec. 31, 2023 NOK (kr) | Dec. 31, 2023 PLN (zł) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Joint arrangements and associates | |||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||
ENI SpA | |||||
Joint arrangements and associates | |||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | |||||
Joint arrangements and associates | |||||
Company name | Atis Floating Wind Srl (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 10,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | Eni New Energy SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 70% | ||||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 30% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | |||||
Joint arrangements and associates | |||||
Company name | Bettercity SpA | ||||
Registered office | Bergamo | ||||
Country of operation | Italy | ||||
Share capital | € 4,050,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Evogy Srl Società Benefit | ||||
Registered office | Seriate (BG) | ||||
Country of operation | Italy | ||||
Share capital | € 11,785.71 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 45.45% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 54.55% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | |||||
Joint arrangements and associates | |||||
Company name | GreenIT SpA (†) | ||||
Registered office | San Donato Milanese (MI) | ||||
Country of operation | Italy | ||||
Share capital | € 50,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | |||||
Joint arrangements and associates | |||||
Company name | Hergo Renewables SpA (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 50,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 65% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 35% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Six [Member] | |||||
Joint arrangements and associates | |||||
Company name | Krimisa Floating Wind Srl (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 10,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Six [Member] | Eni New Energy SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 70% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Six [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 30% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Messapia Floating Wind Srl (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 10,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Seven [Member] | Eni New Energy SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 70% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 30% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | Renewable Dispatching Srl | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 200,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Eight [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 40% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 60% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | Siel Agrisolare Srl (†) | ||||
Registered office | Cesena (FC) | ||||
Country of operation | Italy | ||||
Share capital | € 10,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Nine [Member] | Eni Plen. S&M Italia Srl | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Ten [Member] | |||||
Joint arrangements and associates | |||||
Company name | Tate Srl | ||||
Registered office | Bologna | ||||
Country of operation | Italy | ||||
Share capital | € 408,509.29 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Ten [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 36% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 64% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Bluebell Solar Class A Holdings II Llc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 82,351,634 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 1% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||
Joint arrangements and associates | |||||
Company name | Clarensac Solar SAS | ||||
Registered office | Fuveau (France) | ||||
Country of operation | France | ||||
Share capital | € 25,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Eni Plen. Op. Fr. SAS | |||||
Joint arrangements and associates | |||||
% Ownership | 40% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 60% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Enera Conseil SAS (†) | ||||
Registered office | Clichy (France) | ||||
Country of operation | France | ||||
Share capital | € 9,690 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Eni G and P France Sa | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | EnerOcean SL (†) | ||||
Registered office | Malaga (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 493,320 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 37.70% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 62.30% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Evacuación San Serván 400 SL (†) | ||||
Registered office | Madrid (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Renopool 1 SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 68.77% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 31.23% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Guillena 400 Promotores SL (†) | ||||
Registered office | Seville (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Almazara Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 6.99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Atlante Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 6.99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Chapitel Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 6.99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Fortaleza Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 6.99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Garita Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 6.99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 65.05% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Infraestructuras San Serván SET 400 SL (†) | ||||
Registered office | Madrid (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 90,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | Renopool 1 SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 42.31% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement or Associate Seventeen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 57.69% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Instalaciones San Serván II 400 SL (†) | ||||
Registered office | Madrid (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 11,026 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | Renopool 1 SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 52.38% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eighteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 47.62% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Novis Renewables Holdings Llc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 100 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nineteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | |||||
Joint arrangements and associates | |||||
Company name | Novis Renewables Llc (†) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 100 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | |||||
Joint arrangements and associates | |||||
Company name | Parc Tramuntana SL (†) | ||||
Registered office | Madrid (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,500 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | |||||
Joint arrangements and associates | |||||
Company name | Parque Eolico Marino La Janda SL (†) | ||||
Registered office | Jerez de La Frontera (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Parque Eolico Marino Nordes SL (†) | ||||
Registered office | Madrid (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | |||||
Joint arrangements and associates | |||||
Company name | Parque Eolico Marino Tarahal SL (†) | ||||
Registered office | Las Palmas de Gran Canaria (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | |||||
Joint arrangements and associates | |||||
Company name | POW - Polish Offshore Wind-Co Sp zoo (†) | ||||
Registered office | Warsaw (Poland) | ||||
Country of operation | Poland | ||||
Share capital | zł | zł 5,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Eni En. Solutions BV | |||||
Joint arrangements and associates | |||||
% Ownership | 95% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 5% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | |||||
Joint arrangements and associates | |||||
Company name | Promotores Caparacena 400 SL | ||||
Registered office | Madrid (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Ladronera Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 8.21% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Boceto Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 7.30% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Cornisa Solar SLU | |||||
Joint arrangements and associates | |||||
% Ownership | 7.30% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 77.19% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Tramuntana Energy LAB SL (†) | ||||
Registered office | Cerdanyola del Valles (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | Vårgrønn AS (†) | ||||
Registered office | Stavanger (Norway) | ||||
Country of operation | Norway | ||||
Share capital | kr | kr 600,000 | ||||
Consolidation or valuation method | Eq | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Eni En. Solutions BV | |||||
Joint arrangements and associates | |||||
% Ownership | 65% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 35% | ||||
Power | Italy | Joint Arrangement Or Associate One [Member] | |||||
Joint arrangements and associates | |||||
Company name | Società EniPower Ferrara Srl (†) | ||||
Registered office | San Donato Milanese (MI) | ||||
Country of operation | Italy | ||||
Share capital | € 140,000,000 | ||||
% Equity ratio | 26.01% | ||||
Consolidation or valuation method | J.O. | ||||
Power | Italy | Joint Arrangement Or Associate One [Member] | EniPower SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Power | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% |
Other information about inve_13
Other information about investments - Joint arrangements and associates - Corporate and other activities (Details) | 12 Months Ended | ||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 KZT (₸) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Joint arrangements and associates | |||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||
ENI SpA | |||||
Joint arrangements and associates | |||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | |||||
Joint arrangements and associates | |||||
Company name | Consorzio per l'attuazione del Progetto Divertor Tokamak Test DTT Scarl (†) | ||||
Registered office | Frascati (RM) | ||||
Country of operation | Italy | ||||
Share capital | 1,000,000 | ||||
Consolidation or valuation method | Co. | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 25% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 75% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | |||||
Joint arrangements and associates | |||||
Company name | Energy Dome SpA | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | 182,830.21 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Saipem SpA (#) (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | 501,669,790.83 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Three [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 31.19% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Three [Member] | Saipem SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 0.02% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 68.79% | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | |||||
Joint arrangements and associates | |||||
Company name | Avanti Battery Company | ||||
Registered office | Natick (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 683 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | |||||
Joint arrangements and associates | |||||
Company name | Commonwealth Fusion Systems Llc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 904.64 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | |||||
Joint arrangements and associates | |||||
Company name | Cool Planet Technologies Ltd | ||||
Registered office | London (United Kingdom) | ||||
Country of operation | United Kingdom | ||||
Share capital | £ | £ 1,000 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | CZero Inc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 334 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | Form Energy Inc | ||||
Registered office | Somerville (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 1,129 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | M2X Energy Inc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 99 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||
Joint arrangements and associates | |||||
Company name | sHYp BV PBC | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 86 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Swift Solar Inc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 740.37 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||
Joint arrangements and associates | |||||
Company name | Tecninco Engineering Contractors Llp (†) | ||||
Registered office | Aksai (Kazakhstan) | ||||
Country of operation | Kazakhstan | ||||
Share capital | ₸ | ₸ 29,478,455 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | EniProgetti SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Thiozen Inc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | 351 | ||||
Consolidation or valuation method | Eq. | ||||
Other activities | Italy | Joint Arrangement Or Associate Fifteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | HEA SpA (†) | ||||
Registered office | Bologna | ||||
Country of operation | Italy | ||||
Share capital | 50,000 | ||||
Consolidation or valuation method | Co. | ||||
Other activities | Italy | Joint Arrangement Or Associate Fifteen [Member] | Eni Rewind SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Other activities | Italy | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Other activities | Italy | Joint Arrangement Or Associate Fourteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | LabAnalysis Environmental Science Srl (†) | ||||
Registered office | San Giovanni Teatino (CH) | ||||
Country of operation | Italy | ||||
Share capital | € 100,000 | ||||
Consolidation or valuation method | Eq. | ||||
Other activities | Italy | Joint Arrangement Or Associate Fourteen [Member] | Eni Rewind SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 30% | ||||
Other activities | Italy | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 70% |
Other information about inve_14
Other information about investments - Other significant investments - Exploration & Production (Details) | 12 Months Ended | |||||
Dec. 31, 2023 EUR (€) | Dec. 31, 2023 AUD ($) | Dec. 31, 2023 EGP (ج.م.) | Dec. 31, 2023 VEF | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Other significant investments | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
ENI SpA | ||||||
Other significant investments | ||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||||
Exploration & Production | Italy | Other significant investments One [member] | ||||||
Other significant investments | ||||||
Company name | BF SpA (#) | |||||
Registered office | Jolanda di Savoia (FE) | |||||
Country of operation | Italy | |||||
Share capital | € 261,883,391 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Italy | Other significant investments One [member] | Eni Natural Energies SpA [Member] | ||||||
Other significant investments | ||||||
% Ownership | 5.32% | |||||
Exploration & Production | Italy | Other significant investments One [member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 94.68% | |||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | ||||||
Other significant investments | ||||||
Company name | Consorzio Universitario in Ingegneria per la Qualità e l’Innovazione | |||||
Registered office | Pisa | |||||
Country of operation | Italy | |||||
Share capital | € 142,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | ENI SpA | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Three [Member] | ||||||
Other significant investments | ||||||
Company name | Administradora del Golfo de Paria Este SA | |||||
Registered office | Caracas (Venezuela) | |||||
Country of operation | Venezuela | |||||
Share capital | VEF | VEF 0 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Three [Member] | Eni Venezuela BV | ||||||
Other significant investments | ||||||
% Ownership | 19.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Three [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 80.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Four [Member] | ||||||
Other significant investments | ||||||
Company name | Brass LNG Ltd | |||||
Registered office | Lagos (Nigeria) | |||||
Country of operation | Nigeria | |||||
Share capital | $ | $ 1,000,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Four [Member] | Eni Int. NA NV Sarl | ||||||
Other significant investments | ||||||
% Ownership | 20.48% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Four [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 79.52% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Five [Member] | ||||||
Other significant investments | ||||||
Company name | Darwin LNG Pty Ltd | |||||
Registered office | West Perth (Australia) | |||||
Country of operation | Australia | |||||
Share capital | $ | $ 187,569,921.42 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Five [Member] | Eni G&P LNG Aus. BV | ||||||
Other significant investments | ||||||
% Ownership | 10.99% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Five [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 89.01% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Six [Member] | ||||||
Other significant investments | ||||||
Company name | New Liberty Residential Urban Renewal Company Llc (former New Liberty Residential Co Llc) | |||||
Registered office | West Trenton (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | 0 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Six [Member] | Eni Oil & Gas Inc | ||||||
Other significant investments | ||||||
% Ownership | 17.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Six [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 82.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Seven [Member] | ||||||
Other significant investments | ||||||
Company name | Nigeria LNG Ltd | |||||
Registered office | Port Harcourt (Nigeria) | |||||
Country of operation | Nigeria | |||||
Share capital | $ | $ 1,138,207,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Eni Int. NA NV Sarl | ||||||
Other significant investments | ||||||
% Ownership | 10.40% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 89.60% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eight [Member] | ||||||
Other significant investments | ||||||
Company name | North Caspian Operating Company NV | |||||
Registered office | The Hague (Netherlands) | |||||
Country of operation | Kazakhstan | |||||
Share capital | € 128,520 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Agip Caspian Sea BV | ||||||
Other significant investments | ||||||
% Ownership | 16.81% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 83.19% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | ||||||
Other significant investments | ||||||
Company name | Petrolera Güiria SA | |||||
Registered office | Caracas (Venezuela) | |||||
Country of operation | Venezuela | |||||
Share capital | VEF | VEF 0 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Eni Venezuela BV | ||||||
Other significant investments | ||||||
% Ownership | 19.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 80.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | ||||||
Other significant investments | ||||||
Company name | Torsina Oil Co | |||||
Registered office | Cairo (Egypt) | |||||
Country of operation | Egypt | |||||
Share capital | ج.م. | ج.م. 20,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Ieoc Production BV | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% |
Other information about inve_15
Other information about investments - Other significant investments - Global Gas & LNG Portfolio (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Other significant investments | ||
Share capital | € 4,005,000,000 | € 4,005,000,000 |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Other significant investments One [member] | ||
Other significant investments | ||
Company name | Norsea Gas GmbH | |
Registered office | Friedeburg-Etzel (Germany) | |
Country of operation | Germany | |
Share capital | € 1,533,875.64 | |
Consolidation or valuation method | F.V. | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Other significant investments One [member] | Eni International BV | ||
Other significant investments | ||
% Ownership | 13.04% | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Other significant investments One [member] | Third parties | ||
Other significant investments | ||
% Ownership | 86.96% |
Other information about inve_16
Other information about investments - Other significant investments -Enilive, Refining and Chemicals (Details) | 12 Months Ended | ||||||
Dec. 31, 2023 GBP (£) | Dec. 31, 2023 EUR (€) | Dec. 31, 2023 CHF (SFr) | Dec. 31, 2023 GHS (GH₵) | Dec. 31, 2023 SAR (ر.س) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 EUR (€) | |
Other significant investments | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
ENI SpA | |||||||
Other significant investments | |||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Two [Member] | |||||||
Other significant investments | |||||||
Company name | BFS Berlin Fuelling Services GbR | ||||||
Registered office | Berlin (Germany) | ||||||
Country of operation | Germany | ||||||
Share capital | 89,199 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Two [Member] | Eni Deutsch.GmbH | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Two [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Three [Member] | |||||||
Other significant investments | |||||||
Company name | Compañía de Economia Mixta “Austrogas” | ||||||
Registered office | Cuenca (Ecuador) | ||||||
Country of operation | Ecuador | ||||||
Share capital | $ | $ 6,863,493 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Three [Member] | Eni Ecuador SA | |||||||
Other significant investments | |||||||
% Ownership | 13.38% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Three [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 86.62% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Four [Member] | |||||||
Other significant investments | |||||||
Company name | Dépôt Pétrolier de la Côte d’Azur SAS | ||||||
Registered office | Nanterre (France) | ||||||
Country of operation | France | ||||||
Share capital | 207,500 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Four [Member] | Eni France Sarl | |||||||
Other significant investments | |||||||
% Ownership | 18% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Four [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 82% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Five [Member] | |||||||
Other significant investments | |||||||
Company name | Dépôts Pétroliers de Fos SA | ||||||
Registered office | Fos-Sur-Mer (France) | ||||||
Country of operation | France | ||||||
Share capital | 3,954,196.4 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Five [Member] | Eni France Sarl | |||||||
Other significant investments | |||||||
% Ownership | 16.81% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Five [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 83.19% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Six [Member] | |||||||
Other significant investments | |||||||
Company name | Gestión de Envases Comerciales e Industriales SL | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Six [Member] | Eni Iberia SLU | |||||||
Other significant investments | |||||||
% Ownership | 16.40% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Six [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 83.60% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Seven [Member] | |||||||
Other significant investments | |||||||
Company name | Joint Inspection Group Ltd | ||||||
Registered office | Cambourne (United Kingdom) | ||||||
Country of operation | United Kingdom | ||||||
Share capital | £ | £ 0 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Eni Sust. Mobility SpA | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Eight [Member] | |||||||
Other significant investments | |||||||
Company name | S.I.P.G. Société Immobilière Pétrolière de Gestion Snc | ||||||
Registered office | Tremblay-en-France (France) | ||||||
Country of operation | France | ||||||
Share capital | 40,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Eni France Sarl | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Nine [Member] | |||||||
Other significant investments | |||||||
Company name | Saudi European Petrochemical Co "IBN ZAHR" | ||||||
Registered office | Al Jubail (Saudi Arabia) | ||||||
Country of operation | Saudi Arabia | ||||||
Share capital | ر.س | ر.س 1,200,000,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Ecofuel SpA | |||||||
Other significant investments | |||||||
% Ownership | 10% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 90% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Ten [Member] | |||||||
Other significant investments | |||||||
Company name | Sistema Integrado de Gestion de Aceites Usados | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 175,713 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Eni Iberia SLU | |||||||
Other significant investments | |||||||
% Ownership | 15.45% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 84.55% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | |||||||
Other significant investments | |||||||
Company name | Tanklager - Gesellschaft Tegel (TGT) GbR | ||||||
Registered office | Hamburg (Germany) | ||||||
Country of operation | Germany | ||||||
Share capital | 4,953 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Eni Deutsch.GmbH | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | |||||||
Other significant investments | |||||||
Company name | TAR - Tankanlage Ruemlang AG | ||||||
Registered office | Ruemlang (Switzerland) | ||||||
Country of operation | Switzerland | ||||||
Share capital | SFr | SFr 3,259,500 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | Eni Suisse SA | |||||||
Other significant investments | |||||||
% Ownership | 16.27% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 83.73% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Thirteen [Member] | |||||||
Other significant investments | |||||||
Company name | Tema Lube Oil Co Ltd | ||||||
Registered office | Accra (Ghana) | ||||||
Country of operation | Ghana | ||||||
Share capital | GH₵ | GH₵ 258,309 | ||||||
Consolidation or valuation method | F.V. | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Thirteen [Member] | Eni International BV | |||||||
Other significant investments | |||||||
% Ownership | 12% | ||||||
Enilive and Refining | Foreign (outside Italy) | Other Significant Investments Thirteen [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 88% | ||||||
Corporate and financial companies | Foreign (outside Italy) | Other significant investments One [member] | |||||||
Other significant investments | |||||||
Company name | New Energy One Acquisition Corporation Plc (#) | ||||||
Registered office | London (United Kingdom) | ||||||
Country of operation | United Kingdom | ||||||
Share capital | £ | £ 56,220.61 | ||||||
Consolidation or valuation method | F.V. | ||||||
Other activities | Italy | Other significant investments One [member] | |||||||
Other significant investments | |||||||
Company name | Ottana Sviluppo ScpA (in bankruptcy) | ||||||
Registered office | Nuoro | ||||||
Country of operation | Italy | ||||||
Share capital | € 516,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Other activities | Italy | Other significant investments One [member] | Eni Rewind SpA | |||||||
Other significant investments | |||||||
% Ownership | 30% | ||||||
Other activities | Italy | Other significant investments One [member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 70% |
Other information about inve_17
Other information about investments - Non controlling interest (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about investments | |||
Non-current assets | € 93,292 | € 90,269 | |
Non-current liabilities | 51,041 | 48,075 | |
Profit (loss) | 4,860 | 13,961 | € 5,840 |
Total other comprehensive income (loss) | 3,309 | 15,718 | 7,891 |
Net cash provided by operating activities | 15,119 | 17,460 | 12,861 |
Net cash used in investing activities | (9,365) | (7,018) | (12,022) |
Net cash used in financing activities | (5,668) | (8,542) | (2,039) |
Net increase (decrease) in cash and cash equivalents | 24 | 1,916 | (1,148) |
Profit attributable to non-controlling interest | € 89 | € 74 | € 19 |
EniPower Group | |||
Disclosure of detailed information about investments | |||
Non controlling interest (%) (as a percent) | 49% | 49% | |
Current assets | € 374 | € 547 | |
Non-current assets | 868 | 812 | |
Current liabilities | 389 | 587 | |
Non-current liabilities | 46 | 34 | |
Revenues | 1,251 | 1,636 | |
Profit (loss) | 169 | 171 | |
Total other comprehensive income (loss) | 169 | 171 | |
Net cash provided by operating activities | 198 | 228 | |
Net cash used in investing activities | (126) | (52) | |
Net cash used in financing activities | (3) | (11) | |
Net increase (decrease) in cash and cash equivalents | (31) | (192) | |
Profit attributable to non-controlling interest | 86 | 54 | |
Dividends paid to minority interest | € 36 | € 59 |
Other information about inve_18
Other information about investments - Principal joint ventures, joint operations and associates (Details) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about investments | ||
Country of operation | Qatar | |
ADNOC Global Trading Ltd | ||
Disclosure of detailed information about investments | ||
Company name | ADNOC Global Trading Ltd | |
Registered office | Abu Dhabi (United Arab Emirates) | |
Country of operation | United Arab Emirates | |
Business segment | Enilive and Refining | |
% ownership interest | 20% | |
Eni's % of the investment | 20% | |
Abu Dhabi Oil Refining Co (Takreer) | ||
Disclosure of detailed information about investments | ||
Company name | Abu Dhabi Oil Refining Company (Takreer) | |
Registered office | Abu Dhabi (United Arab Emirates) | |
Country of operation | United Arab Emirates | |
Business segment | Enilive and Refining | |
% ownership interest | 20% | |
Eni's % of the investment | 20% | 20% |
Coral FLNG SA | ||
Disclosure of detailed information about investments | ||
Company name | Coral FLNG SA | |
Registered office | Maputo (Mozambique) | |
Country of operation | Mozambique | |
Business segment | Exploration & Production | |
% ownership interest | 25% | |
Eni's % of the investment | 25% | 25% |
QatarEnergy LNG NFE (5) | ||
Disclosure of detailed information about investments | ||
Company name | QatarEnergy LNG NFE (5)
(former Qatar Liquefied Gas Company Limited (9))</span>" id="sjs-B31"><span style="font-family: 'times new roman', times; font-size: 10pt;">QatarEnergy LNG NFE (5) (former Qatar Liquefied Gas Company Limited (9))</span> | |
Registered office | Doha (Qatar) | |
Business segment | Exploration & Production | |
% ownership interest | 25% | |
Eni's % of the investment | 25% | |
Var Energi ASA | ||
Disclosure of detailed information about investments | ||
Company name | Vår Energi ASA | |
Registered office | Sandnes (Norway) | |
Country of operation | Norway | |
Business segment | Exploration & Production | |
% ownership interest | 63.04% | |
Eni's % of the investment | 63.04% | 63.08% |
Damietta LNG (DLNG) SAE | ||
Disclosure of detailed information about investments | ||
Company name | Damietta LNG (DLNG) SAE | |
Registered office | Damietta (Egypt) | |
Country of operation | Egypt | |
Business segment | Global Gas & LNG Portfolio | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
GreenStream BV | ||
Disclosure of detailed information about investments | ||
Company name | GreenStream BV | |
Registered office | Amsterdam (Netherlands) | |
Country of operation | Libya | |
Business segment | Global Gas & LNG Portfolio | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
Raffineria di Milazzo ScpA | ||
Disclosure of detailed information about investments | ||
Company name | Raffineria di Milazzo ScpA | |
Registered office | Milazzo (ME) (Italy) | |
Country of operation | Italy | |
Business segment | Enilive and Refining | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
Azule Energy Holdings Ltd | ||
Disclosure of detailed information about investments | ||
Company name | Azule Energy Holdings Ltd | |
Registered office | London (United Kingdom) | |
Country of operation | United Kingdom | |
Business segment | Exploration & Production | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | 50% |
Cardon IV SA | ||
Disclosure of detailed information about investments | ||
Company name | Cardón IV SA | |
Registered office | Caracas (Venezuela) | |
Country of operation | Venezuela | |
Business segment | Exploration & Production | |
% ownership interest | 50% | 50% |
Eni's % of the investment | 50% | 50% |
Mozambique Rovuma Venture SpA | ||
Disclosure of detailed information about investments | ||
Company name | Mozambique Rovuma Venture SpA | |
Registered office | San Donato Milanese (MI) (Italy) | |
Country of operation | Mozambique | |
Business segment | Exploration & Production | |
% ownership interest | 35.71% | |
Eni's % of the investment | 35.71% | |
Saipem SpA | ||
Disclosure of detailed information about investments | ||
Company name | Saipem SpA | |
Registered office | Milan (Italy) | |
Country of operation | Italy | |
Business segment | Corporate and financial companies | |
% ownership interest | 31.19% | |
Eni's % of the investment | 31.20% | 31.20% |
SeaCorridor Srl | ||
Disclosure of detailed information about investments | ||
Company name | SeaCorridor Srl | |
Registered office | San Donato Milanese (MI) (Italy) | |
Country of operation | Italy | |
Business segment | Global Gas & LNG Portfolio | |
% ownership interest | 50.10% | |
Eni's % of the investment | 50.10% | |
St. Bernard Renewables Llc | ||
Disclosure of detailed information about investments | ||
Company name | St. Bernard Renewables Llc | |
Registered office | Wilmington (USA) | |
Country of operation | USA | |
Business segment | Enilive and Refining | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
Vårgrønn AS | ||
Disclosure of detailed information about investments | ||
Company name | Vårgrønn AS | |
Registered office | Stavanger (Norway) | |
Country of operation | Norway | |
Business segment | Plenitude | |
% ownership interest | 65% | |
Eni's % of the investment | 65% |
Other information about inve_19
Other information about investments - Profit and loss and balance sheet related to the principal joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about investments | ||||
Non-current assets | € 93,292 | € 90,269 | ||
Total assets | 142,606 | 152,130 | ||
Non-current liabilities | 51,041 | 48,075 | ||
Total liabilities | 88,962 | 96,900 | ||
Net equity | 53,644 | 55,230 | € 44,519 | € 37,493 |
Book value of the investment | 12,630 | 12,092 | 5,887 | |
Revenues and other income | 94,816 | 133,687 | 77,771 | |
Operating profit (loss) | 8,257 | 17,510 | 12,341 | |
Finance income (expense) | (473) | (925) | (788) | |
Income (expense) from investments | 2,444 | 5,464 | (868) | |
Profit (loss) before income taxes | 10,228 | 22,049 | 10,685 | |
Income taxes | (5,368) | (8,088) | (4,845) | |
Profit (loss) | 4,860 | 13,961 | 5,840 | |
Other comprehensive income (loss) | (1,551) | 1,757 | 2,051 | |
Total other comprehensive income (loss) | 3,309 | 15,718 | 7,891 | |
Profit (loss) attributable to Eni | 4,771 | 13,887 | € 5,821 | |
Azule Energy Holdings Ltd | ||||
Disclosure of detailed information about investments | ||||
Current assets | 3,554 | 3,869 | ||
- of which cash and cash equivalent | 546 | 966 | ||
Non-current assets | 19,976 | 21,281 | ||
Total assets | 23,530 | 25,150 | ||
Current liabilities | 2,360 | 2,635 | ||
- of which current financial liabilities | 159 | |||
Non-current liabilities | 11,670 | 12,369 | ||
- of which non-current financial liabilities | 4,239 | 4,403 | ||
Total liabilities | 14,030 | 15,004 | ||
Net equity | € 9,500 | € 10,146 | ||
Eni's % of the investment | 50% | 50% | ||
Book value of the investment | € 4,750 | € 5,073 | ||
Revenues and other income | 5,125 | 2,422 | ||
Operating expense | (814) | (956) | ||
Depreciation, amortization and impairments | (2,560) | (1,099) | ||
Operating profit (loss) | 1,751 | 367 | ||
Finance income (expense) | (373) | (142) | ||
Income (expense) from investments | 332 | 718 | ||
Profit (loss) before income taxes | 1,710 | 943 | ||
Income taxes | (404) | (33) | ||
Profit (loss) | 1,306 | 910 | ||
Other comprehensive income (loss) | (295) | (516) | ||
Total other comprehensive income (loss) | 1,011 | 394 | ||
Profit (loss) attributable to Eni | 653 | 455 | ||
Dividends received from the joint venture | € 829 | 475 | ||
Cardon IV SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 425 | |||
- of which cash and cash equivalent | 7 | |||
Non-current assets | 1,812 | |||
Total assets | 2,237 | |||
Current liabilities | 431 | |||
- of which current financial liabilities | 3 | |||
Non-current liabilities | 940 | |||
- of which non-current financial liabilities | 43 | |||
Total liabilities | 1,371 | |||
Net equity | € 866 | |||
Eni's % of the investment | 50% | 50% | ||
Book value of the investment | € 433 | |||
Revenues and other income | 942 | |||
Operating expense | (679) | |||
Depreciation, amortization and impairments | (127) | |||
Operating profit (loss) | 136 | |||
Profit (loss) before income taxes | (136) | |||
Income taxes | (122) | |||
Profit (loss) | € (28) | 14 | ||
Other comprehensive income (loss) | (30) | 30 | ||
Total other comprehensive income (loss) | € (58) | 44 | ||
Profit (loss) attributable to Eni | 7 | |||
Mozambique Rovuma Venture SpA | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 35.71% | |||
Profit (loss) | € 131 | (202) | ||
Other comprehensive income (loss) | (35) | 72 | ||
Total other comprehensive income (loss) | 96 | (130) | ||
Saipem SpA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 8,104 | 7,627 | ||
- of which cash and cash equivalent | 2,136 | 2,052 | ||
Non-current assets | 4,737 | 4,770 | ||
Total assets | 12,841 | 12,397 | ||
Current liabilities | 6,857 | 6,932 | ||
- of which current financial liabilities | 97 | 1,040 | ||
Non-current liabilities | 3,588 | 3,352 | ||
- of which non-current financial liabilities | 2,599 | 1,993 | ||
Total liabilities | 10,445 | 10,284 | ||
Net equity | € 2,396 | € 2,113 | ||
Eni's % of the investment | 31.20% | 31.20% | ||
Book value of the investment | € 722 | € 645 | ||
Revenues and other income | 11,898 | 9,991 | ||
Operating expense | (10,967) | (9,455) | ||
Other operating profit (loss) | (5) | 7 | ||
Depreciation, amortization and impairments | (489) | (445) | ||
Operating profit (loss) | 437 | 98 | ||
Finance income (expense) | (167) | (195) | ||
Income (expense) from investments | 60 | (65) | ||
Profit (loss) before income taxes | 330 | (162) | ||
Income taxes | (145) | (153) | ||
Profit (loss) - discontinued operations | 106 | |||
Profit (loss) | 185 | (209) | ||
Other comprehensive income (loss) | 59 | 24 | ||
Total other comprehensive income (loss) | 244 | (185) | ||
Profit (loss) attributable to Eni | € 56 | (82) | ||
Vårgrønn AS | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 65% | |||
Profit (loss) | € (77) | (17) | ||
Other comprehensive income (loss) | (39) | (7) | ||
Total other comprehensive income (loss) | (116) | (24) | ||
St. Bernard Renewables Llc | ||||
Disclosure of detailed information about investments | ||||
Current assets | 317 | |||
- of which cash and cash equivalent | 65 | |||
Non-current assets | 1,594 | |||
Total assets | 1,911 | |||
Current liabilities | 134 | |||
Non-current liabilities | 119 | |||
- of which non-current financial liabilities | 119 | |||
Total liabilities | 253 | |||
Net equity | € 1,658 | |||
Eni's % of the investment | 50% | |||
Book value of the investment | € 829 | |||
Revenues and other income | 591 | |||
Operating expense | (598) | |||
Other operating profit (loss) | (45) | |||
Depreciation, amortization and impairments | (28) | |||
Operating profit (loss) | (80) | |||
Finance income (expense) | (4) | |||
Profit (loss) before income taxes | (84) | |||
Profit (loss) | (84) | |||
Other comprehensive income (loss) | (22) | |||
Total other comprehensive income (loss) | (106) | |||
Profit (loss) attributable to Eni | (42) | |||
SeaCorridor Srl | ||||
Disclosure of detailed information about investments | ||||
Current assets | 165 | |||
- of which cash and cash equivalent | 104 | |||
Non-current assets | 964 | |||
Total assets | 1,129 | |||
Current liabilities | 55 | |||
Non-current liabilities | 16 | |||
- of which non-current financial liabilities | 1 | |||
Total liabilities | 71 | |||
Net equity | € 1,058 | |||
Eni's % of the investment | 50.10% | |||
Book value of the investment | € 530 | |||
Revenues and other income | 456 | |||
Operating expense | (42) | |||
Depreciation, amortization and impairments | (43) | |||
Operating profit (loss) | 371 | |||
Finance income (expense) | (3) | |||
Income (expense) from investments | 33 | |||
Profit (loss) before income taxes | (401) | |||
Income taxes | (303) | |||
Profit (loss) | 98 | |||
Other comprehensive income (loss) | (8) | |||
Total other comprehensive income (loss) | 90 | |||
Profit (loss) attributable to Eni | 49 | |||
Dividends received from the joint venture | 95 | |||
Other joint ventures | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,701 | 741 | ||
- of which cash and cash equivalent | 551 | 219 | ||
Non-current assets | 15,174 | 13,639 | ||
Total assets | 16,875 | 14,380 | ||
Current liabilities | 2,242 | 1,764 | ||
- of which current financial liabilities | 85 | 1,278 | ||
Non-current liabilities | 11,671 | 10,740 | ||
- of which non-current financial liabilities | 10,140 | 10,146 | ||
Total liabilities | 13,913 | 12,504 | ||
Net equity | 2,962 | 1,876 | ||
Book value of the investment | 1,420 | 915 | ||
Revenues and other income | 2,500 | 526 | ||
Operating expense | (1,445) | (463) | ||
Other operating profit (loss) | (2) | 25 | ||
Depreciation, amortization and impairments | (556) | (258) | ||
Operating profit (loss) | 497 | (170) | ||
Finance income (expense) | (356) | (167) | ||
Income (expense) from investments | (23) | (4) | ||
Profit (loss) before income taxes | 118 | (341) | ||
Income taxes | (122) | 62 | ||
Profit (loss) | (4) | (279) | ||
Other comprehensive income (loss) | (105) | 119 | ||
Total other comprehensive income (loss) | (109) | (160) | ||
Profit (loss) attributable to Eni | (55) | 7 | ||
Dividends received from the joint venture | € 15 | € 8 |
Other information about inve_20
Other information about investments - Profit and loss and balance sheet related to the principal associates (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about investments | ||||
Non-current assets | € 93,292 | € 90,269 | ||
Total assets | 142,606 | 152,130 | ||
Non-current liabilities | 51,041 | 48,075 | ||
Total liabilities | 88,962 | 96,900 | ||
Net equity | 53,644 | 55,230 | € 44,519 | € 37,493 |
Book value of the investment | 12,630 | 12,092 | 5,887 | |
Revenues and other income | 94,816 | 133,687 | 77,771 | |
Other operating income (expense) | 478 | (1,736) | 903 | |
Operating profit (loss) | 8,257 | 17,510 | 12,341 | |
Finance income (expense) | (473) | (925) | (788) | |
Income (expense) from investments | 2,444 | 5,464 | (868) | |
Profit (loss) before income taxes | 10,228 | 22,049 | 10,685 | |
Income taxes | (5,368) | (8,088) | (4,845) | |
Profit (loss) | 4,860 | 13,961 | 5,840 | |
Other comprehensive income (loss) | (1,551) | 1,757 | 2,051 | |
Total other comprehensive income (loss) | 3,309 | 15,718 | 7,891 | |
Profit (loss) attributable to Eni | 4,771 | 13,887 | € 5,821 | |
Abu Dhabi Oil Refining Co (Takreer) | ||||
Disclosure of detailed information about investments | ||||
Current assets | 3,506 | 3,730 | ||
- of which cash and cash equivalent | 196 | 150 | ||
Non-current assets | 17,036 | 17,896 | ||
Total assets | 20,542 | 21,626 | ||
Current liabilities | 648 | 2,681 | ||
Non-current liabilities | 7,722 | 6,458 | ||
- of which non-current financial liabilities | 4,972 | 5,366 | ||
Total liabilities | 8,370 | 9,139 | ||
Net equity | € 12,172 | € 12,487 | ||
Eni's % of the investment | 20% | 20% | ||
Book value of the investment | € 2,434 | € 2,497 | ||
Revenues and other income | 29,259 | 36,240 | ||
Operating expense | (26,459) | (32,916) | ||
Other operating income (expense) | (738) | (702) | ||
Depreciation, amortization and impairments | (426) | (741) | ||
Operating profit (loss) | 1,636 | 1,881 | ||
Finance income (expense) | (154) | (83) | ||
Profit (loss) before income taxes | 1,482 | 1,798 | ||
Profit (loss) | 1,482 | 1,798 | ||
Other comprehensive income (loss) | (412) | 646 | ||
Total other comprehensive income (loss) | 1,070 | 2,444 | ||
Profit (loss) attributable to Eni | 296 | 360 | ||
Dividends received from the associate | 277 | 142 | ||
Var Energi ASA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,502 | 1,612 | ||
- of which cash and cash equivalent | 665 | 417 | ||
Non-current assets | 15,784 | 15,821 | ||
Total assets | 17,286 | 17,433 | ||
Current liabilities | 1,843 | 3,044 | ||
- of which current financial liabilities | 561 | |||
Non-current liabilities | 14,734 | 13,179 | ||
- of which non-current financial liabilities | 3,586 | 2,404 | ||
Total liabilities | 16,577 | 16,223 | ||
Net equity | € 709 | € 1,210 | ||
Eni's % of the investment | 63.04% | 63.08% | ||
Book value of the investment | € 447 | € 763 | ||
Revenues and other income | 6,335 | 9,520 | ||
Operating expense | (1,242) | (1,280) | ||
Depreciation, amortization and impairments | (1,840) | (1,881) | ||
Operating profit (loss) | 3,253 | 6,359 | ||
Finance income (expense) | (148) | (495) | ||
Profit (loss) before income taxes | 3,105 | 5,864 | ||
Income taxes | (2,541) | (4,768) | ||
Profit (loss) | 564 | 1,096 | ||
Other comprehensive income (loss) | (48) | (144) | ||
Total other comprehensive income (loss) | 516 | 952 | ||
Profit (loss) attributable to Eni | 356 | 691 | ||
Dividends received from the associate | 640 | 469 | ||
QatarEnergy LNG NFE (5) | ||||
Disclosure of detailed information about investments | ||||
Non-current assets | 1,884 | |||
Total assets | 1,884 | |||
Current liabilities | 83 | |||
Non-current liabilities | 44 | |||
Total liabilities | 127 | |||
Net equity | € 1,757 | |||
Eni's % of the investment | 25% | |||
Book value of the investment | € 439 | |||
Operating expense | (18) | |||
Operating profit (loss) | (18) | |||
Finance income (expense) | 3 | |||
Profit (loss) before income taxes | (15) | |||
Income taxes | 4 | |||
Profit (loss) | (11) | |||
Other comprehensive income (loss) | (55) | |||
Total other comprehensive income (loss) | (66) | |||
Profit (loss) attributable to Eni | € (3) | |||
Coral FLNG SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 578 | |||
- of which cash and cash equivalent | 25 | |||
Non-current assets | 7,386 | |||
Total assets | 7,964 | |||
Current liabilities | 695 | |||
- of which current financial liabilities | 1 | |||
Non-current liabilities | 5,949 | |||
- of which non-current financial liabilities | 5,926 | |||
Total liabilities | 6,644 | |||
Net equity | € 1,320 | |||
Eni's % of the investment | 25% | 25% | ||
Book value of the investment | € 330 | |||
Revenues and other income | 59 | |||
Operating expense | (49) | |||
Depreciation, amortization and impairments | (4) | |||
Operating profit (loss) | 6 | |||
Finance income (expense) | 553 | |||
Profit (loss) before income taxes | 559 | |||
Income taxes | 1 | |||
Profit (loss) | € (161) | 560 | ||
Other comprehensive income (loss) | (38) | 29 | ||
Total other comprehensive income (loss) | € (199) | 589 | ||
Profit (loss) attributable to Eni | 140 | |||
Qatar Liquefied Gas Company Limited (9) | ||||
Disclosure of detailed information about investments | ||||
Other comprehensive income (loss) | (16) | |||
Total other comprehensive income (loss) | (16) | |||
Novamont SpA | ||||
Disclosure of detailed information about investments | ||||
Profit (loss) | (152) | |||
Other comprehensive income (loss) | (107) | |||
Total other comprehensive income (loss) | (259) | |||
ADNOC Global Trading Ltd | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 20% | |||
Profit (loss) | € 602 | 849 | ||
Other comprehensive income (loss) | (27) | 5 | ||
Total other comprehensive income (loss) | 575 | 854 | ||
Other associates | ||||
Disclosure of detailed information about investments | ||||
Current assets | 6,209 | 4,828 | ||
- of which cash and cash equivalent | 472 | 284 | ||
Non-current assets | 13,791 | 8,830 | ||
Total assets | 20,000 | 13,658 | ||
Current liabilities | 5,738 | 4,220 | ||
- of which current financial liabilities | 551 | 411 | ||
Non-current liabilities | 9,860 | 4,220 | ||
- of which non-current financial liabilities | 9,723 | 4,056 | ||
Total liabilities | 15,598 | 8,440 | ||
Net equity | 4,402 | 5,218 | ||
Book value of the investment | 1,001 | 1,381 | ||
Revenues and other income | 36,559 | 37,846 | ||
Operating expense | (36,070) | (36,754) | ||
Other operating income (expense) | (168) | (10) | ||
Depreciation, amortization and impairments | (73) | (247) | ||
Operating profit (loss) | 248 | 835 | ||
Finance income (expense) | (111) | (14) | ||
Income (expense) from investments | 43 | 3 | ||
Profit (loss) before income taxes | 180 | 824 | ||
Income taxes | 13 | (26) | ||
Profit (loss) | 193 | 798 | ||
Other comprehensive income (loss) | (153) | (81) | ||
Total other comprehensive income (loss) | 40 | 717 | ||
Profit (loss) attributable to Eni | 22 | 411 | ||
Dividends received from the associate | € 143 | € 97 |
Other information about inve_21
Other information about investments - Additional (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about investments | ||
Non-controlling interest | € 460 | € 471 |
Consideration | € 1,432 | € 1,667 |
EniPower Group | ||
Disclosure of detailed information about investments | ||
Proportion of ownership interest in subsidiary (as a percent) | 51% | |
Evolvere SpA Soc. Ben. | ||
Disclosure of detailed information about investments | ||
Equity interest acquired (as a percent) | 29.48% | |
Consideration | € 60 | |
EniPower SpA | ||
Disclosure of detailed information about investments | ||
Proportion of ownership interest in subsidiary (as a percent) | 49% | |
Gains on disposals of subsidiary | € 542 |
Subsequent events (Details)
Subsequent events (Details) - EUR (€) € in Billions | 1 Months Ended | |
Mar. 31, 2024 | Jan. 31, 2024 | |
Major business combination | Neptune Energy Group Limited ("Neptune") | Var Energi ASA | ||
Disclosure of non-adjusting events after reporting period [line items] | ||
Equity interest acquired (as a percent) | 100% | |
Business Combination, Purchase Price of Acquisition, Expected | € 2 | |
Major ordinary share transactions | Energy Infrastructure Partners (EIP) | Eni Plenitude Spa SB | ||
Disclosure of non-adjusting events after reporting period [line items] | ||
Expected capital increase | € 0.6 | |
Percentage of ownership interest divested | 7.60% |