Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2021shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2021 |
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 | 3,605,594,848 |
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 | 2021 |
Document Fiscal Period Focus | FY |
ICFR Auditor Attestation Flag | true |
Auditor Name | PricewaterhouseCoopers SpA |
Auditor Location | Rome, Italy |
Auditor Firm ID | 30 |
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 |
Local Phone Number | 02 52061632 |
City Area Code | 39 |
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, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash and cash equivalents | € 8,254 | € 9,413 |
Financial assets held for trading | 6,301 | 5,502 |
Other current financial assets | 4,308 | 254 |
Trade and other receivables | 18,850 | 10,926 |
Inventories | 6,072 | 3,893 |
Income tax receivables | 195 | 184 |
Other current assets | 13,634 | 2,686 |
Current assets | 57,614 | 32,858 |
Non-current assets | ||
Property, plant and equipment | 56,299 | 53,943 |
Right-of-use assets | 4,821 | 4,643 |
Intangible assets | 4,799 | 2,936 |
Inventory - Compulsory stock | 1,053 | 995 |
Equity-accounted investments | 5,887 | 6,749 |
Other investments | 1,294 | 957 |
Other non-current financial assets | 1,885 | 1,008 |
Deferred tax assets | 2,713 | 4,109 |
Income tax receivables | 108 | 153 |
Other non-current assets | 1,029 | 1,253 |
Non-current assets | 79,888 | 76,746 |
Assets held for sale | 263 | 44 |
TOTAL ASSETS | 137,765 | 109,648 |
Current liabilities | ||
Short-term debt | 2,299 | 2,882 |
Current portion of long-term debt | 1,781 | 1,909 |
Current portion of long-term lease liabilities | 948 | 849 |
Trade and other payables | 21,720 | 12,936 |
Income tax payables | 648 | 243 |
Other current liabilities | 15,756 | 4,872 |
Current liabilities | 43,152 | 23,691 |
Non-current liabilities | ||
Long-term debt | 23,714 | 21,895 |
Long-term lease liabilities | 4,389 | 4,169 |
Provisions | 13,593 | 13,438 |
Provisions for employee benefits | 819 | 1,201 |
Deferred tax liabilities | 4,835 | 5,524 |
Income tax payables | 374 | 360 |
Other non-current liabilities | 2,246 | 1,877 |
Non-current liabilities | 49,970 | 48,464 |
Liabilities directly associated with assets held for sale | 124 | |
TOTAL LIABILITIES | 93,246 | 72,155 |
EQUITY | ||
Share capital | 4,005 | 4,005 |
Retained earnings | 22,750 | 34,043 |
Cumulative currency translation differences | 6,530 | 3,895 |
Other reserves and equity instruments | 6,289 | 4,688 |
Treasury shares | (958) | (581) |
Profit (loss) | 5,821 | (8,635) |
Equity attributable to equity holders of Eni | 44,437 | 37,415 |
Non-controlling interest | 82 | 78 |
TOTAL EQUITY | 44,519 | 37,493 |
TOTAL LIABILITIES AND EQUITY | 137,765 | 109,648 |
Related parties | ||
Current assets | ||
Other current financial assets | 55 | 41 |
Trade and other receivables | 1,301 | 802 |
Other current assets | 492 | 145 |
Non-current assets | ||
Other non-current financial assets | 1,645 | 766 |
Other non-current assets | 29 | 74 |
Current liabilities | ||
Short-term debt | 233 | 52 |
Current portion of long-term debt | 21 | |
Current portion of long-term lease liabilities | 17 | 54 |
Trade and other payables | 2,298 | 2,100 |
Other current liabilities | 339 | 452 |
Non-current liabilities | ||
Long-term debt | 5 | |
Long-term lease liabilities | 1 | 112 |
Other non-current liabilities | € 415 | € 23 |
CONSOLIDATED PROFIT AND LOSS AC
CONSOLIDATED PROFIT AND LOSS ACCOUNT - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement | |||
Sales from operations | € 76,575 | € 43,987 | € 69,881 |
Other income and revenues | 1,196 | 960 | 1,160 |
REVENUES AND OTHER INCOME | 77,771 | 44,947 | 71,041 |
Purchases, services and other | (55,549) | (33,551) | (50,874) |
Net (impairments) reversals of trade and other receivables | (279) | (226) | (432) |
Payroll and related costs | (2,888) | (2,863) | (2,996) |
Other operating income (expense) | 903 | (766) | 287 |
Depreciation and amortization | (7,063) | (7,304) | (8,106) |
Net (impairments) reversals of tangible and intangible assets and right-of-use assets | (167) | (3,183) | (2,188) |
Write-off of tangible and intangible assets | (387) | (329) | (300) |
OPERATING PROFIT (LOSS) | 12,341 | (3,275) | 6,432 |
Finance income | 3,723 | 3,531 | 3,087 |
Finance expense | (4,216) | (4,958) | (4,079) |
Net finance income (expense) from financial assets held for trading | 11 | 31 | 127 |
Derivative financial instruments | (306) | 351 | (14) |
FINANCE INCOME (EXPENSE) | (788) | (1,045) | (879) |
Share of profit (loss) from equity-accounted investments | (1,091) | (1,733) | (88) |
Other gain (loss) from investments | 223 | 75 | 281 |
INCOME (EXPENSE) FROM INVESTMENTS | (868) | (1,658) | 193 |
PROFIT (LOSS) BEFORE INCOME TAXES | 10,685 | (5,978) | 5,746 |
Income taxes | (4,845) | (2,650) | (5,591) |
PROFIT (LOSS) | 5,840 | (8,628) | 155 |
Attributable to Eni | 5,821 | (8,635) | 148 |
Attributable to non-controlling interest | € 19 | € 7 | € 7 |
Earnings (loss) per share ( per share) | |||
Basic | € 1.61 | € (2.42) | € 0.04 |
Diluted | € 1.60 | € (2.42) | € 0.04 |
Related parties | |||
Statement | |||
Sales from operations | € 3,000 | € 1,164 | € 1,248 |
Other income and revenues | 52 | 35 | 4 |
Purchases, services and other | (8,644) | (6,595) | (9,173) |
Net (impairments) reversals of trade and other receivables | (6) | (6) | 28 |
Payroll and related costs | (21) | (36) | (28) |
Other operating income (expense) | 735 | 13 | 19 |
Finance income | 79 | 114 | 96 |
Finance expense | € (46) | € (26) | € (36) |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Profit (loss) | € 5,840 | € (8,628) | € 155 |
Items that are not reclassified to profit or loss in later periods | |||
Remeasurements of defined benefit plans | 119 | (16) | (42) |
Share of other comprehensive income (loss) on equity-accounted investments | 2 | (7) | |
Change of minor investments measured at fair value with effects to OCI | 105 | 24 | (3) |
Tax effect | (77) | 25 | 5 |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | 149 | 33 | (47) |
Items that may be reclassified to profit or loss in later periods | |||
Currency translation differences | 2,828 | (3,314) | 604 |
Change in the fair value of cash flow hedging derivatives | (1,264) | 661 | (679) |
Share of other comprehensive income (loss) on equity-accounted investments | (34) | 32 | (6) |
Tax effect | 372 | (192) | 197 |
Other comprehensive income that will be reclassified to profit or loss, net of tax | 1,902 | (2,813) | 116 |
Total other items of comprehensive income (loss) | 2,051 | (2,780) | 69 |
Total comprehensive income (loss) | 7,891 | (11,408) | 224 |
Attributable to Eni | 7,872 | (11,415) | 217 |
Attributable to non-controlling interest | € 19 | € 7 | € 7 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - EUR (€) € in Millions | Share capitalOpening balance after adjustment | Share capital | Retained earningsChanges in accounting policiesIAS 28 | Retained earningsOpening balance after adjustment | Retained earnings | Cumulative currency translation differencesOpening balance after adjustment | Cumulative currency translation differences | Other reserves and equity instrumentsOpening balance after adjustment | Other reserves and equity instruments | Treasury sharesOpening balance after adjustment | Treasury shares | Net profit (loss) for the yearOpening balance after adjustment | Net profit (loss) for the year | TotalChanges in accounting policiesIAS 28 | TotalOpening balance after adjustment | Total | Non-controlling interestsOpening balance after adjustment | Non-controlling interests | Changes in accounting policiesIAS 28 | Opening balance after adjustment | Total |
Balance at Dec. 31, 2018 | € 4,005 | € 4,005 | € (4) | € 35,185 | € 35,189 | € 6,605 | € 6,605 | € 1,672 | € 1,672 | € (581) | € (581) | € 4,126 | € 4,126 | € (4) | € 51,012 | € 51,016 | € 57 | € 57 | € (4) | € 51,069 | € 51,073 |
Statement | |||||||||||||||||||||
Profit (loss) for the year | 148 | 148 | 7 | 155 | |||||||||||||||||
Items that are not reclassified to profit or loss in later periods | |||||||||||||||||||||
Remeasurements of defined benefit plans net of tax effect | (37) | (37) | (37) | ||||||||||||||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments related to benefit plans remeasurements | (7) | (7) | (7) | ||||||||||||||||||
Change of minor investments measured at fair value with effects to OCI | (3) | (3) | (3) | ||||||||||||||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (47) | (47) | (47) | ||||||||||||||||||
Items that may be reclassified to profit or loss in later periods | |||||||||||||||||||||
Currency translation differences | 604 | 604 | 604 | ||||||||||||||||||
Change in the fair value of cash flow hedge derivatives net of tax effect | (482) | (482) | (482) | ||||||||||||||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | (6) | (6) | (6) | ||||||||||||||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | 604 | (488) | 116 | 116 | |||||||||||||||||
Total comprehensive income (loss) of the year | 604 | (535) | 148 | 217 | 7 | 224 | |||||||||||||||
Dividend distribution of Eni SpA | 1,513 | (2,989) | (1,476) | (1,476) | |||||||||||||||||
Interim dividend distribution of Eni SpA | (1,542) | (1,542) | (1,542) | ||||||||||||||||||
Dividend distribution of other companies | (4) | (4) | |||||||||||||||||||
Reimbursements to minority shareholders | (1) | (1) | |||||||||||||||||||
Allocation of net income (loss) | 1,137 | (1,137) | |||||||||||||||||||
Acquisition of treasury shares | (400) | 400 | (400) | (400) | (400) | ||||||||||||||||
Long-term share-based incentive plan | 9 | 9 | 9 | ||||||||||||||||||
Transactions with holders of equity instruments | 717 | 400 | (400) | (4,126) | (3,409) | (5) | (3,414) | ||||||||||||||
Other changes in equity | (8) | 27 | 19 | 2 | 21 | ||||||||||||||||
Balance at Dec. 31, 2019 | 4,005 | 35,894 | 7,209 | 1,564 | (981) | 148 | 47,839 | 61 | 47,900 | ||||||||||||
Statement | |||||||||||||||||||||
Profit (loss) for the year | (8,635) | (8,635) | 7 | (8,628) | |||||||||||||||||
Items that are not reclassified to profit or loss in later periods | |||||||||||||||||||||
Remeasurements of defined benefit plans net of tax effect | 9 | 9 | 9 | ||||||||||||||||||
Change of minor investments measured at fair value with effects to OCI | 24 | 24 | 24 | ||||||||||||||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | 33 | 33 | 33 | ||||||||||||||||||
Items that may be reclassified to profit or loss in later periods | |||||||||||||||||||||
Currency translation differences | (3,313) | (1) | (3,314) | (3,314) | |||||||||||||||||
Change in the fair value of cash flow hedge derivatives net of tax effect | 469 | 469 | 469 | ||||||||||||||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | 32 | 32 | 32 | ||||||||||||||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | (3,313) | 500 | (2,813) | (2,813) | |||||||||||||||||
Total comprehensive income (loss) of the year | (3,313) | 533 | (8,635) | (11,415) | 7 | (11,408) | |||||||||||||||
Dividend distribution of Eni SpA | 1,542 | (3,078) | (1,536) | (1,536) | |||||||||||||||||
Interim dividend distribution of Eni SpA | (429) | (429) | (429) | ||||||||||||||||||
Dividend distribution of other companies | (3) | (3) | |||||||||||||||||||
Allocation of net income (loss) | (2,930) | 2,930 | |||||||||||||||||||
Cancellation of treasury shares | (400) | 400 | |||||||||||||||||||
Long-term share-based incentive plan | 7 | 7 | 7 | ||||||||||||||||||
Increase in non-controlling interest relating to acquisition of consolidated entities | 15 | 15 | |||||||||||||||||||
Issue of perpetual subordinated bonds | 3,000 | 3,000 | 3,000 | ||||||||||||||||||
Transactions with holders of equity instruments | (1,810) | 2,600 | 400 | (148) | 1,042 | 12 | 1,054 | ||||||||||||||
Costs for the issue of perpetual subordinated bonds | (25) | (25) | (25) | ||||||||||||||||||
Other changes | (16) | (1) | (9) | (26) | (2) | (28) | |||||||||||||||
Other changes in equity | (41) | (1) | (9) | (51) | (2) | (53) | |||||||||||||||
Balance at Dec. 31, 2020 | 4,005 | 34,043 | 3,895 | 4,688 | (581) | (8,635) | 37,415 | 78 | 37,493 | ||||||||||||
Statement | |||||||||||||||||||||
Profit (loss) for the year | 5,821 | 5,821 | 19 | 5,840 | |||||||||||||||||
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 | ||||||||||||||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | 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) | ||||||||||||||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | 2,828 | (926) | 1,902 | 1,902 | |||||||||||||||||
Total comprehensive income (loss) of the year | 2,828 | (777) | 5,821 | 7,872 | 19 | 7,891 | |||||||||||||||
Dividend distribution of Eni SpA | 429 | (1,286) | (857) | (857) | |||||||||||||||||
Interim dividend distribution of Eni SpA | (1,533) | (1,533) | (1,533) | ||||||||||||||||||
Dividend distribution of other companies | (5) | (5) | |||||||||||||||||||
Allocation of net income (loss) | (9,921) | 9,921 | |||||||||||||||||||
Acquisition of treasury shares | (400) | 400 | (400) | (400) | (400) | ||||||||||||||||
Long-term share-based incentive plan | 16 | (23) | 23 | 16 | 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 | (11,470) | 2,377 | (377) | 8,635 | (835) | (16) | (851) | ||||||||||||||
Costs for the issue of perpetual subordinated bonds | (15) | (15) | (15) | ||||||||||||||||||
Other changes | 192 | (193) | 1 | 1 | 1 | ||||||||||||||||
Other changes in equity | 177 | (193) | 1 | (15) | 1 | (14) | |||||||||||||||
Balance at Dec. 31, 2021 | € 4,005 | € 22,750 | € 6,530 | € 6,289 | € (958) | € 5,821 | € 44,437 | € 82 | € 44,519 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement | |||
Profit (loss) | € 5,840 | € (8,628) | € 155 |
Adjustments to reconcile profit (loss) to net cash provided by operating activities | |||
Depreciation and amortization | 7,063 | 7,304 | 8,106 |
Net Impairments (reversals) of tangible and intangible assets and right-of-use assets | 167 | 3,183 | 2,188 |
Write-off of tangible and intangible assets | 387 | 329 | 300 |
Share of (profit) loss of equity-accounted investments | 1,091 | 1,733 | 88 |
Net gain on disposal of assets | (102) | (9) | (170) |
Dividend income | (230) | (150) | (247) |
Interest income | (75) | (126) | (147) |
Interest expense | 794 | 877 | 1,027 |
Income taxes | 4,845 | 2,650 | 5,591 |
Other changes | (194) | 92 | (179) |
Cash flow from changes in working capital | (3,146) | (18) | 366 |
- inventories | (2,033) | 1,054 | (200) |
- trade receivables | (7,888) | 1,316 | 1,023 |
- trade payables | 7,744 | (1,614) | (940) |
- provisions | (406) | (1,056) | 272 |
- other assets and liabilities | (563) | 282 | 211 |
Net change in the provisions for employee benefits | 54 | (23) | |
Dividends received | 857 | 509 | 1,346 |
Interest received | 28 | 53 | 88 |
Interest paid | (792) | (928) | (1,029) |
Income taxes paid, net of tax receivables received | (3,726) | (2,049) | (5,068) |
Net cash provided by operating activities | 12,861 | 4,822 | 12,392 |
Cash flow from investing activities | (7,815) | (5,959) | (11,928) |
- tangible assets | (4,950) | (4,407) | (8,049) |
- prepaid right-of-use assets | (2) | (16) | |
- intangible assets | (284) | (237) | (311) |
- consolidated subsidiaries and businesses net of cash and cash equivalent acquired | (1,901) | (109) | (5) |
- investments | (837) | (283) | (3,003) |
- securities and financing receivables held for operating purposes | (227) | (166) | (237) |
- change in payables in relation to investing activities | 386 | (757) | (307) |
Cash flow from disposals | 536 | 216 | 794 |
- tangible assets | 207 | 12 | 264 |
- intangible assets | 1 | 17 | |
- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | 76 | 187 | |
- tax on disposals | (35) | (3) | |
- investments | 155 | 16 | 39 |
- securities and financing receivables held for operating purposes | 141 | 136 | 195 |
- change in receivables in relation to disposals | (9) | 52 | 95 |
Net change in securities and financing receivables held for non-operating purposes | (4,743) | 1,156 | (279) |
Net cash used in investing activities | (12,022) | (4,587) | (11,413) |
Increase in long-term financial debt | 3,556 | 5,278 | 1,811 |
Repayments of long-term financial debt | (2,890) | (3,100) | (3,512) |
Payments of lease liabilities | (939) | (869) | (877) |
Increase (decrease) in short-term financial debt | (910) | 937 | 161 |
Dividends paid to Eni's shareholders | (2,358) | (1,965) | (3,018) |
Dividends paid to non-controlling interest | (5) | (3) | (4) |
Reimbursements to non-controlling interest | (1) | ||
Acquisition of additional interests in consolidated subsidiaries | (17) | (1) | |
Acquisition of treasury shares | (400) | (400) | |
Issue of perpetual subordinated bonds | 1,985 | 2,975 | |
Coupon payment on perpetual subordinated bonds | (61) | ||
Net cash used in financing activities | (2,039) | 3,253 | (5,841) |
Effect of exchange rate changes and other changes on cash and cash equivalents | 52 | (69) | 1 |
Net increase (decrease) in cash and cash equivalents | (1,148) | 3,419 | (4,861) |
Cash and cash equivalents - beginning of the year | 9,413 | 5,994 | 10,855 |
Cash and cash equivalents - end of the year | 8,265 | 9,413 | 5,994 |
Related parties | |||
Adjustments to reconcile profit (loss) to net cash provided by operating activities | |||
Net cash provided by operating activities | (4,331) | (4,640) | (6,356) |
Net cash used in investing activities | (976) | (1,372) | (2,912) |
Net cash used in financing activities | € (13) | € 164 | € (817) |
CONSOLIDATED STATEMENT OF CAS_2
CONSOLIDATED STATEMENT OF CASH FLOWS (Parenthetical) € in Millions | Dec. 31, 2021EUR (€) |
CONSOLIDATED STATEMENT OF CASH FLOWS | |
Cash and cash equivalents classified as part of disposal group held for sale | € 11 |
Risks and uncertainties
Risks and uncertainties | 12 Months Ended |
Dec. 31, 2021 | |
Risks and uncertainties | |
Risks and uncertainties | Risks and uncertainties Risks in connection with the war in Ukraine The crisis in the relationship between Russia and Ukraine that in February 2022 gave rise to the Russian military invasion and to an open conflict on a large scale with violent armed clashes and tragic loss of human lives implies various risk areas in relation to the economic and financial situation and the income prospects of the Group. Macroeconomic risk Possible outcomes of this situation might include a prolonged armed conflict, a possible escalation in the military action, risks of enlargement of the ongoing geopolitical crisis and a further tightening up of the economic sanctions against Russia. These factors could result in a scenario that could eventually sap consumers’ confidence, deter investment decisions by operators and cripple industrial activities derailing the global recovery or, in the worst of the outcomes, triggering a new worldwide recession, while the economy has been still recovering from the fallout of the COVID-19 downturn. This scenario would drive a reduction in hydrocarbons demand and of commodity prices and would adversely and significantly affect our results of operations and cash flow. Shortly after the outbreak of hostilities with the Russian invasion of Ukraine, the European Union, the USA, and the UK imposed a raft of tough economic and financial sanctions against Russia, which have added up to those already in force since 2014 as result of the illegal annexation of Crimea. Risks associated with the supply of natural gas and oil from Russia The restrictions imposed by the international community against Russia have mainly targeted the Russian financial sector, precluding access to funding from European and US-based financial institutions. As for energy products imported from Russia, many operators, traders, oil companies, refiners and others have decided on a voluntary basis to suspend purchases of crude oil and products from Russia, giving rise to an auto-sanctioning system; also the President of the United States signed an executive order to ban all imports of Russian energy products. As long as the conflict continues, it is possible that new increasingly tight restrictions could be imposed. At the moment, the flow of gas supplies from Russia has continued regularly; purchases of natural gas from Russia represent approximately 43% of the total procured by Eni in 2021 (approximately 30 billion cubic meters, of which 22 destined to Italy). Management, in coordination with government institutions, is evaluating plans aimed at diversifying / strengthening alternative sources of supply by leveraging equity reserves, portfolio flexibility, infrastructure availability and long-term relationships with oil states overlooking the Mediterranean area. These options could mitigate possible impacts, at the moment unpredictable, in case of wider sanction scenarios adopted by the international community against the Russian energy sector or supply disruptions. Furthermore, at present the Group hfas decided to cease signing new supply contracts of Russian crude oil. This decision is expected to lead to a worsening of our refining system, supply downturn and higher expenses which are not possible to quantify currently. Financial risks associated with the volatility of commodity prices Since the outbreak of the crisis, the energy commodity markets have entered a phase of extreme tension and volatility due to the uncertainties of European operators about the stability of gas supplies via pipeline from Russia and possible restrictions on oil flows. The spot prices of crude oil for the Brent benchmark and the main benchmarks of the spot prices for natural gas in the European markets recorded significant increases, reaching their highest levels since 2008 for Brent (at about 130 $/bbl) and historical records for gas. This volatility will significantly affect the Group’s operating expenses and revenues in 2022, driven by possible higher prices of energy commodities which might affect both revenues and purchase costs of oil feedstocks and natural gas. Furthermore, the increased volatility could drive: (i) an increased counterparty risk due to the significant increase of the nominal value of trading receivables and the difficulties of the industrial sector in managing the significant increase in energy and raw material costs caused by the crisis; (ii) a higher level of financial risk of the Company in connection to the need to increase security deposits to secure the settlement of derivative transactions to fulfill the margining obligations (margin call). To counter the ongoing phase of extreme volatility in the energy commodities market the Group is planning to strengthen its financial headroom by increasing the liquidity reserves (cash on hand and committed borrowing facilities). Possible impacts on the value of balance sheet assets Eni's companies operating in Russia are indicated in note 37 - Other information about investments. The Group has announced the intention to divest its interest in the joint operation Blue Stream with a carrying amount of €40 million (Eni’s share 50%) which manages the gas pipeline that transports natural gas produced in Russia to Turkey through the Black Sea. Those volumes of gas are jointly marketed by Eni and Gazprom to the Turkish state-owned company Botas. This divestment is not expected to have a significant impact on the Group’s consolidated results and balance sheet. The Group does not hold any other significant assets in Russia. The full effects of the crisis on the Group economic and financial performance in 2022 and beyond are currently unpredictable. Impact of COVID-19 pandemic The macroeconomic environment has gradually improved during 2021 due to the effectiveness of the vaccination campaign against COVID-19, together with measures to contain the spread of the virus, particularly in OECD Countries, allowing for a phased reopening of economic activities and increasing mobility of people. The expansionary monetary policies adopted by the central banks and the massive fiscal stimulus launched by governments supported consumptions and investments. In this context, the demand for hydrocarbons and the prices of commodities, the main driver of the Group's financial results, recorded a significant rebound. Global energy demand first stabilized and then unexpectedly increased in the last quarter of the year, driven by an acceleration in the pace of the economic recovery, resulting in an increase in the price of oil of 70% vs 2020 at about 71 $/barrel on an annual average, while natural gas prices recorded material increases (in the order of several hundred percentage points) due to a particularly tight market. These trends were the basis of the strong recovery in profitability in the Exploration & Production and Global Gas & LNG Portfolio segments, together with the solid performance of the chemical business line, driven by a recovery in demand for commodities, and of the Plenitude businesses. The Refining & Marketing business has continued to be weighted down by the effects of the pandemic, which affected its performance due to weak demand for jet fuel which penalized the profitability of traditional refining by creating an oversupply of gasoil leading to significantly lower products spreads. The profitability was also affected by the higher costs of gas-indexed utilities and higher costs for the purchase of emission allowances to comply with the environmental obligations of the European ETS, which more than doubled due to a recovery in industrial activities and as consumption of coal increased signficantly due to its cost-comptetitiveness against natural gas to fire power generation and to produce steam. Overall, 2021 saw a significant rebound in consolidated results which closed with a profit of €5.8 billion compared to a loss of €8.6 billion in 2020 and an operating cash flow of €12.9 billion, which increased by approximately €8 billion compared to 2020. Looking to the future, the main risks for the Group's financial performance are linked to the possibility of the spread of new vaccine-resistant variants of the virus, as well as the resumption of inflation driven by the spill-over effects through the supply chains of increased raw material costs as the ultimate, unintended effect of accomodative monetary policies and big tax measures adopted to help the economy recover from the fallout of the pandemic. |
Significant accounting policies
Significant accounting policies, estimates and judgements | 12 Months Ended |
Dec. 31, 2021 | |
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 1 2 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 2021 Consolidated Financial Statements included in the Annual Report on Form 20-F were approved by the Eni’s Board of Directors on April 7, 2022. 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 judgments 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 judgments 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 judgments, 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 described below. 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 2021 Consolidated Financial Statements are affected by the effects of actions to address climate change and by the potential impact of the energy transition. In particular, the global pressure towards a low-carbon economy, increasingly restrictive regulatory requirements for Oil&Gas activities and hydrocarbons consumption, carbon pricing schemes, the technological evolution of alternative energy sources for transportation, as well as changes in consumer preferences could imply a structural decline of the demand for hydrocarbons in the medium-long term, an increase in operating costs and a higher risk of stranded assets for Eni. The Eni strategy provides for the achievement of carbon neutrality by 2050, in line with the provisions of the scenarios compatible with maintaining global warming within the 1.5°C threshold; furthermore, this strategy sets intermediate targets for 2030 and 2040 in terms of reduction in absolute emissions and carbon intensity. Scenarios adopted by management take into account policies, regulatory requirements and current and expected developments in technology and set out a development path of the future energy system, on the basis of an economic and demographic framework, analysis of existing and announced policies and technologies, identifying those which can reasonably reach maturity within the considered time horizon. Price variables reflect the best estimate by management of the fundamentals of several energy markets, which incorporates the ongoing and reasonably expected decarbonisation trends, and are subject to continuous benchmarking with the views of market analysts and peers. 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. For further information on sensitivity analyses performed on the values of assets considering the low carbon scenarios of international bodies, see Item 3 – Risk factors. 1 2 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. To have power over an investee, the investor must have existing rights that give it the current ability to direct the relevant activities of the investee, i.e. the activities that significantly affect the investee’s returns. 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 3 4 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. 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; and (iii) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 5 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. 3 4 5 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 ventures 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. 6 Under the equity method, investments are initially recognised at cost, allocating it, similarly to business combinations procedures, to the investee’s identifiable assets/liabilities; any excess of the cost of the investment over the share of the net fair value of the investee’s identifiable assets and liabilities is accounted for as goodwill, not separately recognised but included in the carrying amount of the investment. If this allocation is provisionally recognised at initial recognition, it can be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed at the acquisition date. Subsequently, the carrying amount is adjusted to reflect: (i) the investor’s share of the profit or loss of the investee after the date of acquisition, adjusted to account for depreciation, amortization and any impairment losses of the equity-accounted entity’s assets based on their fair values at the date of acquisition; and (ii) the investor’s share of the investee’s other comprehensive income. Distributions received from an equity-accounted investee reduce the carrying amount of the investment. In applying the equity method, consolidation adjustments are considered (see also the accounting policy for “Subsidiaries”). Losses arising from the application of the equity method in excess of the carrying amount of the investment, recognised in the profit and loss account within “Income (Expense) from investments”, reduce the carrying amount, net of the related expected credit losses (see below), of any financing receivables towards the investee for which settlement is neither planned nor likely to occur in the foreseeable future (the so-called long-term interests), which are, in substance, an extension of the investment in the investee. The investor’s share of any losses of an equity-accounted investee that exceeds the carrying amount of the investment and any long-term interests (the so-called net investment), is recognised in a specific provision only to the extent that the investor has incurred legal or constructive obligations or made payments on behalf of the investee. Whenever there is objective evidence of impairment (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the counterparty, etc.), 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 recognised in the profit and loss account within “Income (Expense) from investments”. The impairment reversal of the net investment shall not exceed the previously recognised impairment losses. 6 Joint ventures, associates and immaterial unconsolidated subsidiaries are accounted for at cost less any impairment losses, if this does not result in a misrepresentation of the Company's financial position and performance. The sale of equity interests with loss of joint control or significant influence over the investee 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 recognised as a result of the remeasurement of any investment retained in the former joint venture/associate at its fair value 7 8 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 when incurred. 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 year from the acquisition date, to reflect new information obtained about facts and circumstances that existed as of the acquisition date. 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 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 business combinations, Eni engages external independent evaluators. 7 8 9 Fair value measurement principles are described in the accounting policy for “Fair value measurements”. 10 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. 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. In both cases, 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” 11 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. The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: Annual average Exchange rate at Annual average Exchange rate at Annual average Exchange rate at exchange rate December 31, exchange rate December 31, exchange rate December 31, (currency amount for 1 €) 2021 2021 2020 2020 2019 2019 U.S. Dollar 1.18 1.13 1.14 1.23 1.12 1.12 Pound Sterling 0.86 0.84 0.89 0.90 0.88 0.85 Australian Dollar 1.57 1.56 1.66 1.59 1.61 1.60 Significant accounting policies The most significant 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. 11 When the foreign subsidiary is partially owned, the cumulative exchange difference, that is attributable to the non-controlling interests, is allocated to and recognised as part of “Non-controlling interest”. 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. 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. A similar scheme applies to service contracts. 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 to four years from the time of initial booking to the start of production. Estimated proved reserves are used in determining depreciation, amortisation and depletion charges (see the accounting policy for "UOP depreciation, depletion and amortisation"). 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. 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 |
Primary financial statements
Primary financial statements | 12 Months Ended |
Dec. 31, 2021 | |
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 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, 2021 | |
Changes in accounting policies | |
Changes in accounting policies | 3 Changes in accounting policies Starting from 2021, the amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 “Interest Rate Benchmark Reform — Phase 2” (hereinafter the amendments) are effective. The amendments provide practical expedients and temporary exceptions from the application of some IFRS requirements related to financial instruments measured at amortised cost and/or hedging relationships modified as a consequence of the interest rate benchmark reform. This reform, still ongoing, provides for the replacement of some benchmark interest rates, e.g. LIBOR (London Interbank Offered Rate), with alternative risk-free rates. With reference to the Eni Group, an internal working group has been set up to monitor the regulatory and market developments, as well as to support the assessment of the impacts arising from the reform, the measurement of the exposures to benchmark rates to be replaced, the identification of the changes to be implemented (e.g. renegotiation of loans with counterparties, implementation of fallback clauses, updating of information systems, etc.) and the transition to alternative risk-free rates. As December 31, 2021, the Group holds, principally, financial instruments indexed to USD LIBOR benchmark rates, affected by the reform, which will be replaced by June 30, 2023 with SOFR (Secured Overnight Financing Rate). Such financial instruments are essentially represented by bonds relating to the Euro Medium Term Notes program for an amount of 1,750 million of U.S. dollars. The Group has adhered, in December 2021, to the IBOR fallbacks protocol published by the International Swaps and Derivatives Association (ISDA). The other amendments to IFRSs effective from January 1, 2021 and adopted by Eni did not have a material impact on the Consolidated Financial Statements. |
IFRSs not yet adopted
IFRSs not yet adopted | 12 Months Ended |
Dec. 31, 2021 | |
IFRSs not yet adopted | |
IFRSs not yet adopted | 4 IFRSs not yet adopted On May 18, 2017, the IASB issued IFRS 17 “Insurance Contracts” (hereinafter IFRS 17), which sets out the accounting for the insurance contracts issued and the reinsurance contracts held. On June 25, 2020, the IASB issued the amendments to IFRS 17 “Amendments to IFRS 17” providing, among others, the deferral of the effective date of IFRS 17 by two years. Therefore, IFRS 17, which replaces IFRS 4 “Insurance Contracts”, shall be applied for annual reporting periods beginning on or after January 1, 2023. On January 23, 2020, the IASB issued the amendments to IAS 1 “Classification of Liabilities as Current or Non-current” (hereinafter the amendments), which clarify how to classify debt and other liabilities as current or non-current. Because of further amendments issued on July 15, 2020 (“Classification of Liabilities as Current or Non-current — Deferral of Effective Date”), the amendments shall be applied for annual reporting periods beginning on or after January 1, 2023. On May 14, 2020, the IASB issued: ● ● ● ● Such amendments shall be applied for annual reporting periods beginning on or after January 1, 2022. On February 12, 2021, the IASB issued: ● ● On May 7, 2021, the IASB issued the amendments to IAS 12 “Deferred Tax related to Assets and Liabilities arising from a Single Transaction” (hereinafter the amendments), aimed to require companies to recognise deferred tax on particular transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. The amendments shall be applied for annual reporting periods beginning on or after January 1, 2023. Eni is currently reviewing the IFRSs not yet adopted in order to determine the likely impact on the Consolidated Financial Statements. Change in the classification of the joint arrangement Mozambique Rovuma Venture SpA As part of the continuous monitoring of facts and circumstances relevant to the classification of joint arrangements, starting from December 31, 2021 the classification of the investment held in Mozambique Rovuma Venture SpA was changed from joint operation to joint venture. The company has entered a new phase marked by an evolution of the business in terms of greater number and complexity of projects managed with the strengthening of the management and financial autonomy. The elements considered by management to support this change in the classification of the investment include, among other things: (i) the substantial completion of the Coral South project and the substantially certain sale of LNG to a third party unrelated to the shareholders; and (ii) the extension in the scope of the company with forecasts of new investments in other projects with different degrees of maturity and a high mining potential, in particular the gradual progression in the relevant project Mamba resulting from the commercial declaration of further reserves in Area 4, whose reserves are planned to be developed independently by the venture of Area 4 and coordinatedly with the operator of the adjacent Area 1 subsequent to the unification of the two development areas. For this reason, the interest of the shareholders must be considered in all respects in relation to the net assets of the company (as a result of the several projects managed) and no longer in relation to the rights on the assets and the obligations for liabilities. Therefore, as of December 31, 2021, the investment in Mozambique Rovuma Venture SpA was recognized at an amount equal to the carrying amount of the net assets (€355 million), previously recognized, line by line, on the basis of the shares attributable to Eni. Effect of the change in the classification of Mozambique Rovuma (€ million) Venture SpA Cash and cash equivalents 29 Other current assets 43 Current assets 72 Property, plant and equipment 1,318 Other non-current assets 42 Non-current assets 1,360 TOTAL ASSETS 1,432 Current financial liabilities 2 Other current liabilities 56 Current liabilities 58 Non-current financial liabilities 1,008 Provisions 7 Other non-current liabilities 4 Non-current liabilities 1,019 TOTAL LIABILITIES 1,077 TOTAL NET ASSETS 355 |
Business combinations and other
Business combinations and other significant transactions | 12 Months Ended |
Dec. 31, 2021 | |
Business combinations and other significant transactions | |
Business combinations and other significant transactions | 5 Business combinations and other significant transactions BUSINESS COMBINATIONS In 2021 Eni completed several business combinations for a total consideration of €2,222 million and the assumption of net financial liabilities for €614 million of which cash and cash equivalents totaled €163 million. On March 10, an agreement was finalized with the Arab Republic of Egypt (ARE) and the Spanish partner Naturgy for the resolution of all pending issues relating to the supply of feed-gas to the Damietta plant owned by the former join venture Unión Fenosa Gas SA and the settlement of the liquefaction fees by the Egyptian state companies. As a result of these agreements and the restructuring of Unión Fenosa Gas, Eni acquired a 50% stake in the Damietta plant and the related liquefaction capacity (5.4 million TPA of 100% LNG), as well as 100% of the marketing activities of gas in Spain managed by Unión Fenosa Gas Comercializadora SA (now Eni España Comercializadora De Gas SAU), a subsidiary of Unión Fenosa Gas SA before the transacion. The transaction resulted in a total cash adjustment in favor of Eni of €32 million related to the disposals and the assumption of net financial liabilities of €128 million of which cash and cash equivalents totaled €42 million. The price allocation of net assets acquired of €200 million was made on a definitive basis with recognition of goodwill for €2 million. On April 7, 2021 Eni finalized the acquisition of 100% of Aldro Energía Y Soluciones SLU, a company operating in the retail market for the sale of electricity, gas and energy services with a portfolio of approximately 250,000 retail customers of power, natural gas and services, primarily in Spain and Portugal, as part of the growth and integration strategy between retail and renewable energy production with the Plenitude business line. The total cash consideration of the transaction amounted to €221 million with the assumption of net financial liabilities for €36 million of which cash and cash equivalents totaled €7 million. The price allocation of net assets acquired was made on a definitive basis with recognition of goodwill for €168 million. On June 3, 2021 Eni finalized the acquisition of 100% of FRI-EL Biogas Holding (now EniBioCh4in SpA), a leader in the Italian bioenergy production sector. FRI-EL Biogas Holding owns 21 plants each with a nominal power of 2 megawatts. The assets acquired include a plant for processing OFMSW - the organic fraction of municipal solid waste. The deal is part of Eni's decarbonization strategy and involves the conversion of the acquired capacity into biomethane production units with the Refining & Marketing business line. The transaction resulted in a total cash consideration of €132 million with acquisition of net financial liabilities for €14 million of which cash and cash equivalents for €13 million. The price allocation of net assets acquired was made on a provisional basis with recognition of goodwill for €80 million. On July 29, 2021 Eni finalized the acquisition of a portfolio of 13 onshore wind farms in Italy, for a total capacity of 315 MW already in operation, from Glennmont Partners and PGGM Infrastructure Fund. The operation resulted in a total cash consideration of €485 million with the assumption of net financial liabilities for €215 million of which cash and cash equivalents totaled €41 million. The price allocation of net assets acquired was made on a provisional basis with recognition of goodwill for €302 million. The acquisition is part of the Plenitude business line. On October 4, 2021 Eni finalized the acquisition of Dhamma Energy Group. The group holds a platform for the development of solar plants in France and Spain. Dhamma’s asset portfolio comprises a pipeline of projects in France and Spain at various stages of development for almost 3 GW and includes plants already in operation or in advanced development for around 120 MW. The transaction resulted in a total cash consideration of €140 million with the assumption of net financial liabilities for €101 million of which cash and cash equivalents totaled €10 million. The price allocation of net assets acquired was made on a provisional basis with recognition of goodwill for €120 million. The acquisition is part of the Plenitude business line. On October 22, 2021 Eni finalized the acquisition from Azora Capital of a portfolio of nine renewable energy projects in Spain. The transaction involved three wind farms in service and a wind farm under construction, for a total of 234 MW, and five solar projects in advanced development for around 0.9 GW. The transaction resulted in a total cash consideration of €118 million with the assumption of net financial liabilities for €32 million of which cash and cash equivalents totaled €5 million. The price allocation of net assets acquired was made on a provisional basis with recognition of goodwill for €81 million. The acquisition is part of the Plenitude business line. On October 28, 2021, Eni finalized the acquisition of the control of Finproject by exercising the call option to buy the remaining 60% of the shares in order to raise its stake to 100%. The acquisition aims to complement the Eni's portfolio of chemical specialties managed by Versalis to create an all-Italian leading platform, leveraging the synergy between Versalis’ technological and industrial leadership in the chemical industry and Finproject’s positioning in the market of high added value applications, with a business that is resilient to the volatility of the chemical industry scenario. The acquisition resulted in a cash consideration of €149 million with the assumption of net financial liabilities for €85 million, of which cash and cash equivalents totaled €21 million. The allocation of the acquisition price (€149 million) and of the fair value of the stake already owned (€99 million) of the net assets acquired was made on a definitive basis with recognition of goodwill for €93 million. On November 2, 2021 Eni finalized the acquisition from Zouk Capital and Aretex of Be Power, a company operating in the segment of charging infrastructures for electric mobility with approximately 6,000 charging points for electric vehicles, becoming the second operator in Italy as a consequence of the co-branding agreement already in place for the charging stations Be Charge. The deal is part of Eni's decarbonization strategy within the Plenitude business line. The consideration for the transaction of €764 million was paid for the 50% at the closing while the remaining part will be paid in 2022; furthermore, Eni assumed net financial assets of €9 million of which cash and cash equivalents totaled €24 million. The price allocation of net assets acquired was made on a provisional basis with recognition of goodwill for €728 million. Balance sheet values at the acquisition date of the business combinations realized in 2021 are shown in the following table: Portfolio of Portfolio of Aldro FRI-EL thirteen nine Other Energía Y Biogas onshore Dhamma renewable acquisitions Unión Soluciones Holding SpA wind Energy energy Finproject and Fenosa Gas SLU (now EniBioCh4in) facilities Group projects SpA Be Power Businesses Total Cash and cash equivalents 42 7 13 41 10 5 21 24 163 Current financial assets 150 29 6 23 208 Other current assets 370 78 23 32 2 7 92 22 6 632 Current assets 412 85 36 223 41 18 113 69 6 1,003 Property, plant and equipment 335 38 423 119 57 35 29 30 1,066 Goodwill 2 168 80 302 120 81 93 728 1,574 Other non-current assets 41 69 15 43 15 25 205 10 13 436 Non-current assets 378 237 133 768 254 163 333 767 43 3,076 TOTAL ASSETS 790 322 169 991 295 181 446 836 49 4,079 Current financial liabilities 35 36 11 79 4 102 267 Other current liabilities 224 37 7 22 4 2 54 30 380 Current liabilities 259 73 18 101 4 6 156 30 647 Non-current financial liabilities 135 7 16 327 140 39 4 38 12 718 Provisions 1 4 1 2 8 Deferred tax liabilities 15 7 62 8 8 35 135 Other non-current liabilities 181 14 1 12 10 2 2 24 246 Non-current liabilities 331 28 18 405 148 57 42 42 36 1,107 TOTAL LIABILITIES 590 101 36 506 152 63 198 72 36 1,754 Equity attributable to Eni 200 221 132 485 140 118 248 764 13 2,321 Non-controlling interest 1 3 4 TOTAL EQUITY 200 221 133 485 143 118 248 764 13 2,325 TOTAL LIABILITIES AND EQUITY 790 322 169 991 295 181 446 836 49 4,079 The qualitative factors that make up the goodwill recognized within the Plenitude business line are disclosed in Note 14 - Intangible assets. For transactions where the purchase allocations are provisional as of December 31, 2021, not all relevant information has been obtained by the Company in order to finalize related estimates of the fair values of assets acquired. OTHER SIGNIFICANT TRANSACTIONS On February 26, 2021 Eni finalized the acquisition from Equinor and SSE Renewables of a 20% stake in the UK Dogger Bank (A and B), the world’s largest offshore wind project of its kind for a total capacity of 2.4 GW at full capacity. The construction will be completed by 2023 and 2024. With this acquisition Eni adds 480 MW of renewable energy to its target of decarbonisation. The transaction resulted in a total cash consideration and recognition of an equity investment of €480 million. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2021 | |
Cash and cash equivalents | |
Cash and cash equivalents | 6 Cash and cash equivalents Cash and cash equivalents of €8,254 million (€9,413 million at December 31, 2020) included financial assets with maturity of up to three months at the date of inception amounting to €5,496 million (€6,913 million at December 31, 2020) and mainly included deposits with financial institutions, having notice of more than 48 hours. Expected credit losses on deposits with banks and financial institutions measured at amortized cost are immaterial. Cash and cash equivalents consist essentially of deposits in euros (€5,589 million) and in US dollars (€2,415 million) representing the use of cash on hand in the market for the financial needs of the Group. Restricted cash amounted to approximately €115 million (€198 million at December 31, 2020) 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 months was 15 days with a negative effective interest rate of 0.6% for bank deposits in euros (€4,160 million) and 7 days with an effective interest rate of 0.1% for bank deposits in U.S. dollars (€1,336 million). |
Financial assets held for tradi
Financial assets held for trading | 12 Months Ended |
Dec. 31, 2021 | |
Financial assets held for trading. | |
Financial assets held for trading | 7 Financial assets held for trading December 31, December 31, (€ million) 2021 2020 Bonds issued by sovereign states 1,149 1,223 Other 5,152 4,279 6,301 5,502 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 coping with unexpected fund requirements or difficulties in accessing financial markets. The management of this liquidity reserve is performed through trading activities in view of the 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 €1,398 million (€1,361 million at December 31, 2020). The breakdown by currency is provided below: December 31, December 31, (€ million) 2021 2020 Euro 3,913 3,731 U.S. dollars 2,336 1,688 Other currencies 52 83 6,301 5,502 The breakdown by issuing entity and credit rating is presented below: Nominal value Fair Value (€ million) (€ million) Rating - Moody’s Rating - S&P Quoted bonds issued by sovereign states Fixed rate bonds Italy 307 315 Baa3 BBB Chile 167 170 A1 A United States of America 122 124 Aaa AA+ Other (*) 107 108 from Aaa to Baa1 from AAA to A- 703 717 Floating rate bonds Italy 390 392 Baa3 BBB Switzerland 29 29 Aaa AAA Other 11 11 from Aaa to Baa2 from AA+ to BBB 430 432 Total quoted bonds issued by sovereign states 1,133 1,149 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,792 1,833 from Aa1 to Baa3 from AA+ to BBB- Quoted bonds issued by financial and insurance companies 942 955 from Aaa to Baa3 from AAA to BBB- Other bonds 290 293 from Aaa to Baa3 from AAA to BBB- 3,024 3,081 Floating rate bonds Quoted bonds issued by industrial companies 537 540 from Aa1 to Baa3 from AA+ to BBB- Quoted bonds issued by financial and insurance companies 1,205 1,215 from Aa1 to Baa3 from AA+ to BBB- Other bonds 315 316 from Aa1 to Baa2 from AA+ to BBB 2,057 2,071 Total other bonds 5,081 5,152 Total other financial assets held for trading 6,214 6,301 (*) Amounts included herein are lower than €50 million. The fair value hierarchy is level 1 for €5,749 million and level 2 for €552 million. During 2021, 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, 2021 | |
Trade and other receivables | |
Trade and other receivables | 8 Trade and other receivables December 31, December 31, (€ million) 2021 2020 Trade receivables 15,524 7,087 Receivables from divestments 8 21 Receivables from joint ventures in exploration and production activities 1,888 2,293 Other receivables 1,430 1,525 18,850 10,926 Generally, trade receivables do not bear interest and provide payment terms within 180 days. The increase in trade receivables of €8,437 million referred to the segments Global Gas & LNG Portfolio for €5,636 million, Refining & Marketing and Chemical for €1,405 million and Plenitude & Power for €1,039 million and reflected the noticeable increase in the prices of energy commodities, in particular gas, which increased the nominal value of the receivables. At December 31, 2021, Eni sold without recourse receivables due in 2022 with a nominal value of €2,059 million (€1,377 million at December 31, 2020 due in 2021). Derecognized receivables in 2021 related to the segments Global Gas & LNG Portfolio for €893 million, Refining & Marketing and Chemical segment for €770 million and Plenitude & Power segment for €396 million. Receivables from joint ventures in exploration and production activities included amounts due by partners in unincorporated joint operations in Nigeria of €681 million (€1,015 million at December 31, 2020). Those receivables were in respect to the share of development costs attributable to the joint operators in oil projects operated by Eni, where the Company bears upfront all the costs of the initiative and charges these costs back to the partners through the cash call mechanism. At the balance sheet date, the overdue amount relating to net receivables due to Eni by the Nigerian state oil company NNPC was €474 million (€605 million at December 31, 2020). Approximately 50% of this amount related to past reporting years and was covered by a “Repayment Agreement”, whereby Eni is to be reimbursed through the sale of the entitlement attributable to NNPC in certain rig-less petroleum initiatives with low mineral risk, with a completion of the reimbursement plan expected within the next two years based on Eni’s Brent price scenario. The overdue receivable is stated net of a discount factor equal to 8%, calculated based on the risk of the underlying mineral initiative. The other 50% related to net receivables accrued for the operations of 2021. A significant progress in the repayment was noted in the final part of the year. A cash call exposure towards a privately held Nigerian oil company amounted to €195 million (€134 million at December 31, 2020) which were past due at the reporting date. The amounts were stated net of a provision based on the loss given default (LGD) defined by Eni for international oil companies in a default state and on the basis of specific factors. During the 2021, the partner suspended the payments of the cash calls, making a claim against the amounts billed. Arbitration procedures have been started for the resolution of the dispute. Receivables from other counterparties comprised: (i) the recoverable amount of €538 million (€376 million at December 31, 2020) of overdue trade receivables owed to Eni by the state-owned oil company of Venezuela, PDVSA, in relation to equity volumes of natural gas supplied by the joint venture Cardón IV, equally participated by Eni and Repsol. Those trade receivables were divested by the joint venture to the two shareholders. The receivables were stated net of an allowance for doubtful accounts estimated on the basis of average recovery percentages obtained by creditors in the context of sovereign defaults, adjusted to reflect the strategic value of the oil&gas sector, and also applied for assessing the recoverability of the carrying amount of the investment and the long-term interest in the initiative, as described in note 17 – Other financial assets. Risks associated with the complex financial outlook of the country and the deteriorated operating environment were taken into account in the estimation of the expected loss by assuming a deferral in the timing of collection of future revenues and overdue credit amounts which resulted in an expected credit loss rate of about 53%. The tightening of the US sanction framework against Venezuela has prevented the implementation of the mechanism of credit offsetting through in-kind refunds with assignments to Eni of oil products of PDVSA. Therefore, the amount of the receivable increased compared to the end of 2020; (ii) amounts to be received from customers following the triggering of the take-or-pay clause of long-term gas supply contracts for €325 million at December 31, 2020 were collected during 2021. Trade and other receivables stated in euro and U.S. dollars amounted to €12,275 million and €5,222 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 Plenitude (€ million) Low risk Medium Risk High Risk receivables customers Total December 31, 2021 Business customers 4,348 6,628 818 1,560 13,354 National Oil Companies and Public Administrations 331 884 1 2,674 3,890 Other counterparties 1,854 311 16 137 2,601 4,919 Gross amount 6,533 7,823 835 4,371 2,601 22,163 Allowance for doubtful accounts (25) (416) (69) (2,209) (594) (3,313) Net amount 6,508 7,407 766 2,162 2,007 18,850 Expected loss 0.4 5.3 8.3 50.5 22.8 14.9 December 31, 2020 Business customers 1,398 2,746 432 1,351 5,927 National Oil Companies and Public Administrations 841 620 7 2,653 4,121 Other counterparties 1,243 450 28 141 2,173 4,035 Gross amount 3,482 3,816 467 4,145 2,173 14,083 Allowance for doubtful accounts (32) (21) (29) (2,429) (646) (3,157) Net amount 3,450 3,795 438 1,716 1,527 10,926 Expected loss 0.9 0.6 6.2 58.6 29.7 22.4 The classification of the Company’s customers and counterparties and the definition of the classes of counterparty risk are disclosed in note 1 – Significant accounting policies. 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 at each annual deadline to reflect the scenario and the current business trends, as well as any higher counterparty risks. The gradual recovery of worldwide economies from the fallout caused by COVID-19 crisis and the improvement in the oil scenario have lessened the debt burden of many state oil companies, with the exception of Venezuela due to specific factors relating to the sanctioning framework. On the other hand, the significant increase in the prices of natural gas and electricity significantly increased the exposures towards large industrial customers, requiring a revision in the credit loss rate upwards to incorporate an increased economic risk. With regard to customers of the Plenitude business line, the recoverability assessments incorporate the most updated information relating to the performance in credit collection and the ageing of overdue amounts. The exposure to credit risk and expected losses relating to customers of Plenitude was assessed based on a provision matrix as follows: Ageing from 0 from 3 from 6 over (€ million) Not-past due to 3 months to 6 months to 12 months 12 months Total December 31, 2021 Plenitude customers: - Retail 1,291 70 55 92 337 1,845 - Middle 424 22 5 7 188 646 - Other 57 43 6 1 3 110 Gross amount 1,772 135 66 100 528 2,601 Allowance for doubtful accounts (63) (22) (27) (52) (430) (594) Net amount 1,709 113 39 48 98 2,007 Expected loss 3.6 16.3 40.9 52.0 81.4 22.8 December 31, 2020 Plenitude customers: - Retail 1,155 105 50 102 366 1,778 - Middle 75 16 3 8 232 334 - Other 61 61 Gross amount 1,291 121 53 110 598 2,173 Allowance for doubtful accounts (46) (23) (22) (57) (498) (646) Net amount 1,245 98 31 53 100 1,527 Expected loss 3.6 19.0 41.5 51.8 83.3 29.7 Trade and other receivables are stated net of the allowance for doubtful accounts which has been determined considering actions to mitigate counterparty risk amounting to €5,350 million (€1,016 million at December 31, 2020): (€ million) 2021 2020 Allowance for doubtful accounts - beginning of the year 3,157 3,246 Additions on trade and other performing receivables 202 112 Additions on trade and other defaulted receivables 348 231 Deductions on trade and other performing receivables (135) (82) Deductions on trade and other defaulted receivables (421) (275) Other changes 162 (75) Allowance for doubtful accounts - end of the year 3,313 3,157 Additions to allowance for doubtful accounts on trade and other performing receivables related to: (i) the Global Gas & LNG Portfolio segment for €94 million (€7 million in 2020) for supplies to large industrial customers as consequence of the noticeable increase in the exposure due to the market conditions; (ii) the Plenitude business line for €71 million (€84 million in 2020), mainly in the retail business. Additions to allowance for doubtful accounts on trade and other defaulted receivables related to: (i) the Exploration & Production segment for €229 million (€118 million in 2020) for receivables towards joint operators, State oil Companies and local private companies for cash calls in oil projects operated by Eni; (ii) to the Plenitude business line for €101 million (€97 million in 2020), particularly in the retail business. Utilizations of allowance for doubtful accounts on trade and other performing and defaulted receivables amounted to €556 million (€357 million in 2020) and mainly related to: (i) the Plenitude business line for €239 million (€200 million in 2020), in particular utilizations against charges of €196 million (€178 million in 2020) mainly related to the retail business; (ii) the Exploration & Production segment for €233 million (€101 million in 2020) essentially related to redetermination of receivables from the Nigerian state-owned company NNPC due to a settlement which recognized Eni’s rights to recover investment costs made, subject to arbitration, as part of a larger agreement defining the extension and revision of the contractual terms of the license. The credit recovery will be reimbursed through attribution to Eni and the other partners of a share of the state company’s oil entitlements in the project. Net (impairment losses) reversals of trade and other receivables are disclosed as follows: (€ million) 2021 2020 2019 New or increased provisions (550) (343) (620) Net credit losses (66) (36) (45) Reversals 337 153 233 Net (impairment losses) reversals of trade and other receivables (279) (226) (432) Receivables with related parties are disclosed in note 36 – Transactions with related parties. |
Current and non-current invento
Current and non-current inventories | 12 Months Ended |
Dec. 31, 2021 | |
Current and non-current inventories | |
Current and non-current inventories | 9 Current and non-current inventories Current inventories are disclosed as follows: December 31, December 31, (€ million) 2021 2020 Raw and auxiliary materials and consumables 1,001 706 Consumables for infrastructure and facility maintenance of perforation activities 1,611 1,580 Finished products and goods 3,452 1,603 Other 8 4 6,072 3,893 Raw and auxiliary materials and consumables include oil-based feedstock and other consumables pertaining to refining and chemical activities. Materials and supplies include materials to be consumed in drilling activities and spare parts to the Exploration & Production segment for €1,481 million (€1,463 million at December 31, 2020). Finished products and goods included natural gas and oil products for €2,414 million (€874 million at December 31, 2020) and chemical products for €626 million (€443 million at December 31, 2020). Inventories are stated net of write-down provisions of €570 million (€348 million at December 31, 2020). Inventories held for compliance purposes of €1,053 million (€995 million at December 31, 2020) related to Italian subsidiaries for €1,032 million (€977 million at December 31, 2020) in accordance with minimum stock requirements for oil and petroleum products set forth by applicable laws. The increase in current and non-current inventories was essentially due to the recovery in oil and hydrocarbons prices. Natural gas inventories of €269 million were pledged to guarantee the potential imbalance exposure towards Snam Rete Gas SpA. |
Income tax receivables and paya
Income tax receivables and payables | 12 Months Ended |
Dec. 31, 2021 | |
Income tax receivables and payables | |
Income tax receivables and payables | 10 Income tax receivables and payables December 31, 2021 December 31, 2020 Receivables Payables Receivables Payables (€ million) Current Non Current Current Non Current Current Non Current Current Non Current Income taxes 195 108 648 374 184 153 243 360 Income taxes are described in note 33 — Income tax expense. 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 €230 million (€254 million at December 31, 2020). |
Other assets and liabilities
Other assets and liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Other assets and liabilities | |
Other assets and liabilities | 11 Other assets and liabilities December 31, 2021 December 31, 2020 (€ million) Assets Liabilities Assets Liabilities Current Non-current Current Non-current Current Non-current Current Non-current Fair value of derivative financial instruments 12,460 51 12,911 115 1,548 152 1,609 162 Contract liabilities 482 726 1,298 394 Other Taxes 442 182 1,435 27 450 181 1,124 26 Other 732 796 928 1,378 688 920 841 1,295 13,634 1,029 15,756 2,246 2,686 1,253 4,872 1,877 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 €498 million, of which €340 million are current, and advances made in December (€475 million at December 31, 2020, of which €315 million current). Other assets include: (i) 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 within the next 12 months for €41 million (€53 million at December 31, 2020), and beyond 12 months for €94 million (€651 million at December 31, 2020). The reduction was due to the withdrawal of prepaid gas volumes; (ii) underlifting positions of the Exploration & Production segment of €316 million (€338 million at December 31, 2020); (iii) non-current receivables for investing activities for €23 million (€11 million at December 31, 2020). Current contract liabilities decreased due to the settlement of advances in local currency offset by supplies of equity gas, which were originally received from the Egyptian state-owned companies to finance the development of reserves as part of the Concession Agreements in the country, among which in particular, the progress of the Zohr project, considering the substantial completion of the investment activities (€546 million at 31 December 2020). Other contract liabilities included: (i) advances received by Engie SA (former Suez) relating to a long-term agreement for supplying natural gas and electricity. The current portion amounted to €60 million (€62 million at December 31, 2020), the non-current portion amounted to €333 million (€393 million at December 31, 2020); (ii) advances received from Società Oleodotti Meridionali SpA for the infrastructure upgrade of the crude oil transport system at the Taranto refinery for €391 million (€394 million at December 31, 2020). Revenues recognized during the year related to contract liabilities stated at December 31, 2021 are indicated in note 29 – Revenues and other income. Liabilities related to other current taxes include excise duties and consumer taxes for €700 million (€516 million at December 31, 2020) and VAT liabilities for €248 million (€212 million at December 31, 2020). Other liabilities included: (i) overlifting imbalances of the Exploration & Production segment for €630 million (€559 million at December 31, 2020); (ii) prepaid revenues and income for €361 million (€398 million at December 31, 2020), of which current for €90 million (€75 million at December 31, 2020); (iii) cautionary deposits for €268 million (€261 million at December 31, 2020), of which €223 million from retail customers for the supply of gas and electricity (€228 million at December 31, 2020); (iv) the value of gas not withdrawn by customers due to the triggering of the take-or-pay clause provided for by the relevant long-term contracts for €112 million (€437 million at December 31, 2020), of which the underlying volumes are expected to be withdrawn within the next 12 months for €73 million (€65 million at December 31, 2020) and beyond 12 months for €39 million (€372 million at December 31, 2020). The decrease was due to withdrawals of prepaid gas volume; (v) payables related to investing activities for €103 million. Transactions with related parties are described in note 36 — Transactions with related parties. |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2021 | |
Property, plant and equipment | |
Property, plant and equipment | 12 Property, plant and equipment Other tangible E&P wells, E&P exploration E&P tangible assets in Land and plant and Other plant assets and assets in progress and (€ million) buildings machinery and machinery appraisal progress advances Total 2021 Net carrying amount - beginning of the year 1,128 39,648 3,299 1,341 7,118 1,409 53,943 Additions 18 8 277 380 3,413 854 4,950 Depreciation capitalized 28 90 118 Depreciation (*) (49) (5,421) (496) (5,966) Reversals 1,080 118 337 1,535 Impairment (101) (90) (768) (85) (582) (1,626) Write-off (1) (2) (331) (18) (352) Currency translation differences 2 2,956 66 106 546 12 3,688 Initial recognition and changes in estimates 200 (9) 4 195 Changes in the scope of consolidation 22 1,001 (199) (1,119) 43 (252) Transfers 50 3,841 409 (44) (3,797) (459) Other changes 2 120 (54) (28) 56 (30) 66 Net carrying amount - end of the year 1,071 42,342 3,850 1,244 6,545 1,247 56,299 Gross carrying amount - end of the year 4,175 149,117 30,618 1,244 10,485 3,107 198,746 Provisions for depreciation and impairments 3,104 106,775 26,768 3,940 1,860 142,447 2020 Net carrying amount - beginning of the year 1,218 46,492 3,632 1,563 7,412 1,875 62,192 Additions 12 6 229 265 3,127 768 4,407 Depreciation capitalized 4 100 104 Depreciation (*) (55) (5,642) (508) (6,205) Reversals 13 183 342 98 12 648 Impairment (82) (1,551) (972) (567) (582) (3,754) Write-off (1) (296) (7) (1) (305) Currency translation differences (2) (3,325) (75) (119) (605) (14) (4,140) Initial recognition and changes in estimates 870 (9) 94 955 Transfers 39 2,677 755 (47) (2,630) (794) Other changes (15) (62) (103) (20) 96 145 41 Net carrying amount - end of the year 1,128 39,648 3,299 1,341 7,118 1,409 53,943 Gross carrying amount - end of the year 4,082 136,468 28,839 1,341 11,169 2,742 184,641 Provisions for depreciation and impairments 2,954 96,820 25,540 4,051 1,333 130,698 (*) Capital expenditures included capitalized finance expenses of €68 million (€73 million in 2020) related to the Exploration & Production segment for €54 million (€51 million in 2020). The interest rate used for capitalizing finance expense ranged from 0.4% to 2.1% (1.3% to 2.2% at December 31, 2020). Capital expenditures primarily related to the Exploration & Production segment for €3,843 million (€3,444 million in 2020). Capital expenditures by industry segment and geographical area of destination are reported in note 35 - Segment information and information by geographical area. The main depreciation rates used were substantially unchanged from the previous year and ranged as follows: (%) Buildings 2 10 Mineral exploration wells and plants UOP 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 The criteria adopted by Eni for determining impairment losses and reversal is reported in note 15 – Impairment review of tangible and intangible assets and right-of-use assets. Currency translation differences related to subsidiaries which utilize the U.S. dollar as functional currency (€3,603 million). Initial recognition and change in estimates include the increase in the asset retirement cost of Exploration & Production segment mainly due to the cost reduction, partially offset by the increase in discount rates and in estimated costs for social projects to be incurred in respect to the commitments being formalized between Eni SpA and the Basilicata region, following to the development plan of oilfields in Val d'Agri relating to royalties for mineral concessions (€134 million). Changes in the scope of consolidation related to: (i) the deconsolidation of Mozambique Rovuma Venture SpA following the change from joint operation to joint venture for €1,318 million; (ii) the acquisition of companies by the Plenitude business line for €658 million referring in particular to onshore wind assets already in operation in Italy (€423 million); (iii) the acquisition of Spanish Egyptian Gas Co SAE (now Damietta LNG (DLNG) SAE) for €176 million as part of the restructuring of the formerly equity-accounted Unión Fenosa Gas SA. More information on business combinations is provided in note 5 - Business combinations and other significant transactions. Transfers from E&P tangible assets in progress to E&P UOP wells, plant and machinery related for €3,556 million to the commissioning of wells, plants and machinery primarily in Indonesia, Egypt, Kazakhstan, United States, Angola, Italy, Iraq and Mexico. In 2021, exploration and appraisal activities comprised write-offs of unsuccessful exploration wells costs for €331 million mainly in Gabon, Montenegro, Myanmar, Bahrain, Egypt and Angola. Other changes include the carrying amount of a 5% participating interest in the OML 17 property in Nigeria, which has been divested to a local operator. The transaction is currently being reviewed by the Nigerian antitrust authorities for alleged lack of communication regarding the transaction. Exploration and appraisal activities related for €1,101 million to the costs of suspended exploration wells pending final determination of commerciality and management’s continuing commitment and for €136 million to costs of exploration wells in progress at the end of the year. Changes relating to suspended wells are reported below: (€ million) 2021 2020 2019 Costs for exploratory wells suspended - beginning of the year 1,268 1,246 1,101 Increases for which is ongoing the determination of proved reserves 288 408 368 Amounts previously capitalized and expensed in the year (286) (226) (183) Reclassification to successful exploratory wells following the estimation of proved reserves (43) (48) (46) Disposals (3) (15) Changes in the scope of consolidation (199) Currency translation differences 100 (112) 21 Other changes (24) Costs for exploratory wells suspended - end of the year 1,101 1,268 1,246 The following information relates to the stratification of the suspended wells pending final determination (ageing): 2021 2020 2019 (number of (number of (number of wells in Eni’s wells in Eni’s wells in Eni’s (€ million) interest) (€ million) interest) (€ million) interest) Costs capitalized and suspended for exploratory well activity - within 1 year 175 4.0 157 6.7 185 7.7 - between 1 and 3 years 269 12.2 250 11.0 171 6.4 - beyond 3 years 657 19.7 861 19.3 890 26.4 1,101 35.9 1,268 37.0 1,246 40.5 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 175 4.0 157 6.7 185 7.7 - fields for which the delineation campaign is in progress 567 17.9 631 14.9 556 11.3 - fields including commercial discoveries that proceeds to sanctioning 359 14.0 480 15.4 505 21.5 1,101 35.9 1,268 37.0 1,246 40.5 Suspended wells costs awaiting a final investment decision amounted to €359 million and primarily related to several initiatives in the main countries of presence (Angola, Congo, Egypt, Indonesia and Nigeria). Unproved mineral interests, comprised in 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: United Arab (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt Emirates Total 2021 Carrying amount - beginning of the year 203 860 114 100 18 468 1,763 Additions 3 6 9 Net (impairments) reversals (1) 3 35 (2) 35 Reclassification to Proved Mineral Interest (48) (92) (1) (141) Currency translation differences 16 80 8 8 1 40 153 Carrying amount - end of the year 218 892 3 68 114 16 508 1,819 2020 Carrying amount - beginning of the year 253 939 139 162 115 19 535 2,162 Additions 55 2 57 Net (impairments) reversals (25) (134) (37) (196) Reclassification to Proved Mineral Interest (2) (61) (2) (25) (90) Currency translation differences (25) (79) (3) (11) (9) (1) (42) (170) Carrying amount - end of the year 203 860 114 100 18 468 1,763 Unproved mineral interests comprised the Oil Prospecting License 245 property (“OPL 245”), offshore Nigeria, for €867 million corresponding to the price paid in 2011 to the Nigerian Government to acquire a 50% interest in the property, with another international oil company acquiring the remaining 50%. As of December 31, 2021, the net book value of the property amounted to €1,176 million, including capitalized exploration costs and pre-development costs. The acquisition of OPL 245 is subject to judicial proceedings in Italy and in Nigeria for alleged corruption and money laundering in respect of the Resolution Agreement signed on April 29, 2011, relating to the purchase of the license. This proceeding is disclosed in note 28 – Guarantees, Commitments and Risks – legal proceedings. The exploration period of the license OPL 245 expired on May 11, 2021. Eni is awaiting the conversion of the license into an Oil Mining Lease (OML) from the relevant Nigerian authorities to start the development of the reserves, having submitted an application for the conversion within the contractual terms and having verified compliance with all conditions and requirements provided for. Based on these considerations, Eni believes to have acquired the right to conversion. Consistently, the assessment of the recoverability of the asset book value was made in accordance with its value-in-use, which confirmed the book value also incorporating a stress test assuming possible delays in the start of production activities. In September 2020 Eni started an arbitration at ICSID, the International Centre for Settlement of Investment Disputes, to protect the value of its asset. In case of refusal to conversion, a continuing deadlock by the Nigerian authorities or other action suggesting an expropriation, in the next financial reports the Company will consider a reclassification of the asset in a dedicated line item and the evaluation of the underlying right for compensation. Accumulated provisions for impairments amounted to €20,796 million (€20,343 million at December 31, 2020). Property, plant and equipment include assets subject to operating leases for €372 million, essentially relating to service stations of the Refining & Marketing business line. At December 31, 2021, Eni pledged property, plant and equipment for €24 million to guarantee payments of excise duties (same amount as of December 31, 2020). Government grants recorded as a decrease of property, plant and equipment amounted to €105 million (€103 million at December 31, 2020). Contractual commitments related to the purchase of property, plant and equipment are disclosed in note 28 – Guarantees, commitments and risks — Liquidity risk. Property, plant and equipment under concession arrangements are described in note 28 – Guarantees, commitments and risks. |
Right-of-use assets and lease l
Right-of-use assets and lease liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Right-of-use assets and lease liabilities | |
Right-of-use assets and lease liabilities | 13 Right-of-use assets and lease liabilities Floating Naval facilities production and related logistic Motorway storage and offloading bases for oil and gas concessions and service Oil and gas distribution Office (€ million) vessels (FPSO) Drilling rig transportation stations facilities buildings Vehicles Other Total 2021 Net carrying amount - beginning of the year 2,672 244 446 424 11 652 32 162 4,643 Additions 215 583 104 23 34 40 105 1,104 Depreciation (a) (217) (170) (274) (63) (11) (122) (22) (49) (928) Impairment (25) (6) (14) (14) (59) Currency translation differences 213 12 11 3 8 6 253 Changes in the scope of consolidaion (6) 116 110 Other changes (1) (118) (166) (8) 5 52 (2) (64) (302) Net carrying amount at the end of the year 2,667 183 575 454 14 618 48 262 4,821 Gross carrying amount at the end of the year 3,366 572 1,268 666 66 948 84 433 7,403 Provisions for depreciation and impairment 699 389 693 212 52 330 36 171 2,582 2020 Net carrying amount - beginning of the year 3,153 313 497 460 6 707 32 181 5,349 Additions 79 193 281 49 22 65 24 95 808 Depreciation (a) (232) (189) (252) (57) (2) (118) (22) (56) (928) Impairment (21) (15) (11) (47) Currency translation differences (251) (13) (13) (8) (7) (292) Other changes (77) (60) (67) (7) 6 (2) (40) (247) Net carrying amount at the end of the year 2,672 244 446 424 11 652 32 162 4,643 Gross carrying amount at the end of the year 3,107 528 927 573 29 859 65 293 6,381 Provisions for depreciation and impairment 435 284 481 149 18 207 33 131 1,738 (a) Before capitalization of depreciation of tangible assets Right-of-use assets (RoU) related: (i) for €3,195 million ( €3,274 million at December 31, 2020) 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 Angola (Block 15/06 West and East hub) with expiry date between 8 and 15 years including a renewal option and in addition the lease component of long-term leases of offshore rigs; (ii) for €765 million ( €788 million at December 31, 2020) to the Refining & Marketing and Chemical segment relating to motorway concessions, 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 €541 million ( €526 million at December 31, 2020) to the Corporate and other activities segment mainly regarding property rental contracts. The increase recorded in 2021 mainly referred to: (i) the Exploration & Production segment for €392 million relating to the rental of drilling rigs (€215 million) and vessels and related logistics for Oil & Gas transport (€159 million); (ii) the Global Gas & LNG Portfolio business line for €343 million relating to LNG transport vessels (€331 million); (iii) the Refining & Marketing business line for €251 million relating to leases of vessels for shipping and storage activities of Eni Trade & Biofuels SpA (€108 million) and new motorway concessions, price extensions/reviews of contracts, land leases, leases of service stations, car fleet dedicated to the car sharing business (€122 million); (iv) the Corporate and other activities segment for €104 million relating to two aircraft sold and repurchased through a leaseback agreement (€69 million) and leasing of assets for staff activities (company cars, IT, real estate, for €32 million). The change in the scope of consolidation referred to the Plenitude business line for €75 million. The main leasing contracts signed for which the asset is not yet available concerns: (i) a contract with a nominal value of €1.8 billion relating to an FPSO vessel that will be deployed for the development of Area 1 in Mexico. The asset is expected to enter under the Group's control and be accounted as RoU in 2022, expiring in 2040; (ii) a contract with a nominal value of €437 million relating to leasing of office buildings with an expiry date of 20 years including an extension option of 6 years ; (iii) storage capacity and time charter vessel rental contracts of €311 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 €302 million; (ii) extension options related to service stations for the sale of oil products of € 130 million; (iii) other extension options related to ancillary assets in the upstream business for € 67 million. Liabilities for leased assets were as follows: Current portion of long-term Long-term (€ million) lease liabilities lease liabilities Total 2021 Book amount at the beginning of the year 849 4,169 5,018 Additions 1,102 1,102 Decreases (934) (5) (939) Currency translation differences 38 231 269 Changes in the scope of consolidation 14 89 103 Other changes 981 (1,197) (216) Book amount at the end of the year 948 4,389 5,337 2020 Book amount at the beginning of the year 889 4,759 5,648 Additions 808 808 Decreases (866) (3) (869) Currency translation differences (40) (269) (309) Other changes 866 (1,126) (260) Book amount at the end of the year 849 4,169 5,018 Lease liabilities related for €1,684 million (€1,652 million at December 31, 2020) to the portion of the liabilities attributable to joint operators in Eni-led projects which will be recovered through the mechanism of the cash calls. Total cash outflows for leases consisted of the following: (i) cash payments for the principal portion of the lease liability for €939 million; (ii) cash payments for the interest portion of €307 million. Lease liabilities stated in U.S. dollars and euro amounted to €3,690 million and €1,495 million, respectively. The change in the scope of consolidation referred to the Plenitude business line for €72 million. 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 — Transactions with related parties. The amounts recognised in the profit and loss account consist of the following: 2021 2020 2019 (€ million) Other income and revenues Income from remeasurement of lease liabilitiies 18 12 6 18 12 6 Purchases, services and other Short-term leases 85 67 115 Low-value leases 31 37 39 Variable lease payments not included in the measurement of lease liabilities 14 7 16 Capitalised direct cost associated with self-constructed assets - tangible assets (4) (2) (2) 126 109 168 Depreciation and impairments Depreciation of RoU leased assets 928 928 999 Capitalised direct cost associated with self-constructed assets - tangible assets (110) (96) (210) Impairment losses of RoU leased assets 59 47 41 877 879 830 Finance income (expense) from leases Interests on lease liabilities (304) (347) (378) Capitalised finance expense of ROU leased assets - tangible assets 5 7 17 Net currency translation differences on lease liabilities (34) 24 (6) (333) (316) (367) |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2021 | |
Intangible assets | |
Intangible assets | 14 Intangible assets Industrial patents and Other intangible Intangible Other Exploration intellectual property assets with definite assets with definite intangible assets with indefinite (€ million) rights rights useful lives useful lives Goodwill useful lives Total 2021 Net carrying amount - beginning of the year 888 162 589 1,639 1,297 2,936 Additions 12 28 244 284 284 Amortization (30) (89) (168) (287) (287) Impairment (2) (14) (16) (22) (38) Reversals 21 21 21 Write-off (35) (35) (35) Changes in the scope of consolidation 11 226 237 1,574 24 1,835 Currency translation differences 57 2 59 13 72 Other changes 45 (34) 11 11 Net carrying amount at the end of the year 913 155 845 1,913 2,862 24 4,799 Gross carrying amount at the end of the year 1,707 1,709 4,843 8,259 Provisions for amortization and impairment 794 1,554 3,998 6,346 2020 Net carrying amount - beginning of the year 1,031 195 568 1,794 1,265 3,059 Additions 18 23 196 237 237 Amortization (53) (92) (130) (275) (275) Impairment (23) (7) (30) (24) (54) Reversals 24 24 24 Write-off (19) (5) (24) (24) Changes in the scope of consolidation 7 7 70 77 Currency translation differences (66) (3) (69) (14) (83) Other changes 41 (66) (25) (25) Net carrying amount at the end of the year 888 162 589 1,639 1,297 2,936 Gross carrying amount at the end of the year 1,613 1,623 4,399 7,635 Provisions for amortization and impairment 725 1,461 3,810 5,996 Exploration rights comprised the residual book value of license and leasehold property acquisition costs relating to areas with proved reserves, which are amortized based on UOP criteria and are regularly reviewed for impairment. Furthermore, they include the cost of unproved areas which 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 related to signature bonuses paid for the acquisition of new exploration acreage in Angola and Ivory Coast. The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2021 December 31, 2020 Proved licence and leasehold property acquisition costs 236 225 Unproved licence and leasehold property acquisition costs 677 653 Other mineral interests 10 913 888 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 €35 million related to exploration licenses due primarily to the abandonment of underlying initiatives for geopolitical and environmental factors. Other intangible assets comprised: (i) customer acquisition costs relating to Plenitude business line for €348 million (€262 million at December 31, 2020); (ii) concessions, licenses, trademarks and similar items for €139 million (€88 million at December 31, 2020) comprised transmission rights for natural gas imported from Algeria for €32 million (€25 million at December 31, 2020); (iii) customer relationship for €109 million recognized following the acquisition of Finproject group; (iv) capital expenditures in progress on natural gas pipelines for which Eni has acquired transport rights for €78 million same amount as of December 31, 2020). Other intangible assets with an indefinite useful life related to the acquisition of Finproject's brands XL EXTRALIGHT and Levirex. The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP Transport rights of natural gas 3 Other 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 4 - 20 Cumulative impairments charges of goodwill at the end of the year amounted to €2,500 million. The breakdown of goodwill by segment and business line is provided below: (€ million) December 31, 2021 December 31, 2020 Plenitude 2,446 1,047 Refining & Marketing 173 93 Exploration & Production 139 146 Chemical 93 Corporate and Other activities 11 11 2,862 1,297 An impairment loss of goodwill in 2021 was essentially recorded in relation to the Exploration & Production segment. Changes in the scope of consolidation of goodwill related: (i) for €728 million to the acquisition of 100% of Be Power SpA which, through the subsidiary Be Charge, is the second Italian operator in the segment of charging infrastructures for electric mobility; (ii) for €168 million to the 100% acquisition of Aldro Energía y Soluciones SLU, a company operating in the Iberian retail market for the sale of electricity, gas and energy services; (iii) for €302 million to the acquisition of Eolica Lucana Srl, Green Energy Management Services Srl (GEMS), Finpower Wind Srl, Società Energie Rinnovabili SpA (SER), Società Energie Rinnovabili 1 SpA (SER1) owning wind farms onshore in service; (iv) for €120 million to the acquisition of Dhamma Energy Group, owner of a platform for the development of photovoltaic plants in France and Spain; (v) for €93 million to the acquisition of the control of Finproject by Versalis; (vi) for €81 million to the acquisition from Azora Capital of a portfolio of renewable energy projects under development and capacity in service; (vii) for €80 million to the 100% acquisition of FRI-EL Biogas Holding (now EniBioCh4in SpA), a company operating in the Italian bioenergy sector. Information about the allocations of goodwill deriving from business combinations are 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. With regard to the Plenitude business line engaged in the retail sale of natural gas and electricity, with significant allocated values of goodwill, in consideration of the high integration between the countries in which the Plenitude Group operates and the possible transnational synergies, the CGU defined for the recoverability valuation of the goodwill for a total of €1,214 million deriving from the acquisitions was extended from Italy to the entire perimeter of the Retail business and renamed Domestic-Foreign market. That goodwill concerns: the buy-out of the minorities of the former Italgas in 2003 (€706 million), the acquisition of local Italian companies synergic to Eni's main areas of activity in previous years (€198 million), the acquisition in 2021 of 100% of Aldro Energía y Soluciones SLU active in the Iberian market (€168 million), as well as the pre-existing goodwill of Eni Gas & Power France SA (€95 million), and other minor amounts. The impairment review performed at the balance sheet date confirmed the recoverability of the carrying amount of this second-level CGU comprising the goodwill. The impairment review of the CGU Domestic-Foreign market, 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-year plan approved by management and on a terminal value calculated as the perpetuity of the cash flow of the last year of the plan by assuming a nominal long-term growth rate equal to zero, unchanged from the previous year. These cash flows were discounted by using the post-tax WACC of the retail business adjusted considering the country risks of operation equal to an average of 4.9%. 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 €5 billion of the value in use of the CGU Retail with respect to its book value, including the allocated goodwill. In the renewable business of Plenitude, the CGUs have been identified at a significant project level, in some cases grouped at company level for projects/plants characterized by relevant synergies. Cash flows included both those relating to existing assets (acquired or build internally) and those associated with the repowering process in the case of acquired assets. For the acquisitions of 2021, the impairment was assessed by updating the valuation model used for the acquisition which confirmed the recoverability of the goodwill allocated to the complex of the CGUs. Goodwill of the E-mobility business of Plenitude 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 (€728 million), was assessed by updating the valuation model of the operation. |
Impairment review of tangible a
Impairment review of tangible and intangible assets and right-of-use assets | 12 Months Ended |
Dec. 31, 2021 | |
Impairment review of tangible and intangible assets and right-of-use assets | |
Impairment review of tangible and intangible assets and right-of-use assets | 15 Impairment review of tangible and intangible assets and right-of-use assets The impairment test assumptions of the Plenitude & Power operating segment are disclosed in note 14 - Intangible assets. The recoverability test of carrying amounts of oil&gas cash genenerating 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 oil&gas sector with respect to the total consolidated assets and to the complexity of thee estimation process of the values-in-use (VIUs) of oil&gas CGUs. 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, long-term hydrocarbons prices, assets’ useful lives, projections of future operating and capital expenditures, the volumes of reserves that will ultimately be recovered and costs of decommissioning oil&gas assets at the end of their useful lives. Among all these variables, future hydrocarbons prices are the main value driver and because we are in a commodity business, they tend to be very volatile and unpredictable due both to the number of driving forces underlying long-term trends in demands and supplies of hydrocarbons, and to the trend of financial markets. Forecasts of hydrocarbons prices adopted by Eni’s management for the purpose of evaluating both oil&gas assets recoverability and of making final investment decisions are estimated on the basis of management’s view of a number of fundamental trends, namely the expected evolution of the global energy mix in the next twenty-to-thirty years in line with the decarbonization goals of countries as agreed at COP 21 in Paris in 2015 and reaffirmed at the Glasgow COP 26 conference last year, the pace of the energy transition, the enduring impacts of the COVID-19 pandemic, technology developments, long-term trends in demand and supplies of hydrocarbons, global macroeconomic and demographic growth, the evolution of technologies and climate policies, together with the evolution in consumers’ and investors' preferences. In the short term, Eni’s hydrocarbons forecasts also consider market forward prices of crude oil and natural gas, as well as projections made by investment banks and other market observatories. Eni recognizes and fully endorses the transition of the economy towards a low-carbon development model and the goals of the Paris COP21 agreements and based on this has designed a strategy to achieve the decarbonization of the Company’s products and industrial processes targeting net zero emissions in Scope 1+2+3 by 2050. Consistently with this long-term path which is factoring possible trends in markets, technologies and a gradual evolution in the Company’s products, management is assuming a long-term price of the Brent crude oil benchmark of 62 $/barrel in 2020 USD until the year 2035 and then a declining trend to 46 $/barrel in 2050 due to the expected phase-out of crude oil from the global energy mix in view of achieving the goals of the Paris agreement. In the year 2022-2023, management is projecting nominal prices of 80 $ and 75 $/barrel, respectively, considering a strong macroeconomic cycle, financial discipline and consequent limitation of investments by listed oil companies and production issues in countries of the OPEC+ alliance. The corresponding pricing assumptions in the 2020 financial statements were 55 $ and 60 $/barrel. Regarding natural gas future prices, while in the short-to-medium term the benchmark price for spot sales at the Euroepan continental hub “TTF” is forecast to strengthen considerably due to tight supplies at 21.2 $ and 14.4 $/mmBTU in 2022 and 2023, respectively (in the 2020 financial statements the corresponding projections were 4.7 $ and 4.9 $/mmBTU), in the long-term management expects a decline due to the assumption of increasing competition from renewable energies and consumption efficiency for a TTF price forecast of 8.5 $/mmBTU in real currency 2020 in the period 2025-2045 and a further decline to 6.2 $/mmBTU in 2050. Short-term forecasts are exposed to the unpredictable consequences of the ongoing conflict between Russia and Ukraine, which up to date has caused an unprecedented phase of volatility in the energy commodity market. The post-tax, discount rate of future expected cash flows associated with the use of oil&gas CGUs was estimated based on the weighted average cost of equity (Ke) and of financial debt, in line with the methodology recommended by the capital asset pricing model. The cost of equity considers a market risk premium measured on the basis of the long-term returns of the S&P 500 and an additional premium which was estimated by management to discount the operational risks of the countries of activity and the risks of the energy transition. As a result of these assumptions, our cost of equity is estimated at about 10%, counterbalancing a decline in yields of risk-free assets, which are incorporated both in the cost of equity and in cost of the financial debt. Overall, our risk-adjusted weighted average cost of capital (adjusted WACC) was about 7% in 2021. In 2021, management has recognized reversals at previously impaired oil&gas CGUs driven by strengthened hydrocarbons prices, particularly gas prices. The main amounts regarded gas fields in Italy and fields in Congo, Libya, USA, Algeria, Turkmenistan, Nigeria and East Timor. The post-tax, risk-adjusted WACC that were used in the impairment review ranged between 10.7% and 6.5%. In the case of a reversal higher than €100 million, a risk-adjusted post-tax WACC of 6.8% was used, which redetermines to about 18% pre-tax. The VIU of the whole portfolio of oil&gas CGUs estimated under management’s pricing and other operating assumptions shows a headroom greater than 90% of the underlying book values, also discounting the expected expenses associated with the purchase of carbon credits as part of the Company’s strategy to decarbonize its products/processes through the participation to forestry conservation projects, which belong to the REDD+ framework defined by the United Nations. The calculation included all the assets of consolidated companies, joint ventures and associates excluding Vår Energi AS and an asset under arbitration procedure. Considering the level of judgment in the estimation process of the VIUs of oil&gas assets, management has prepared a stress-test analysis utilizing alternative decarbonization scenario as adopted by the IEA in its SDS WEO ’21 and net zero emissions 2050 (NZE 2050) scenarios. The sensitivity tests to the IEA SDS and NZE 2050 scenario consider energy commodity pricing assumptions different from those adopted by the management and the utilization of a cost for carbon emissions across all geographic areas where Eni operates its oil & gas activities based on the prices reported in the following table: Value in use of the O&G CGUs Headroom vs Carrying amounts Assumption at 2050 in real terms USD 2020 tax-deductible non tax-deductible European gas CO 2 charges CO 2 charges Brent price price Cost of CO 2 Eni's scenario ~90 % — 46 $/bbl 6.2 $/mmBTU CO 2 IEA SDS WEO 2021 scenario 76 % 75 % 50 $/bbl 4.5 $/mmBTU 200/95 CO 2 (*) IEA NZE 2050 scenario 35 % 32 % 24 $/bbl 3.6 $/mmBTU 250/55 CO 2 (*) (*) Prices relating to advanced/emerging economies In relation to the NZE 2050 scenario, for which possible value recovery actions are not considered, such as rescheduling/cancellation of planned development activities, contractual renegotiations, effect on costs or actions aimed at accelerating the pay-back period, a headroom is determined, that is, the excess of the total value-in-use compared to the corresponding book value of the E&P CGU, consistent and in excess of more than 30% compared to the book value. The 2021 valuation of the recoverability of the assets also resulted in the write-down of the residual book value of the refineries and the joint operations in Italy and Europe for an amount of €1,179 million (including the stay-in-business investments of the CGUs previously impaired). The driver of this loss is the significant decline in margins, compressed by the worsening of crack spreads for the products and the increase in the cost of gas-indexed utilities, and the reduced profitability prospects of Eni's CGUs due to structural weaknesses in the European refining sector (suboptimal size of the plants and competitive pressure from more efficient refiners) and the projections of limited recovery in the demand for fuels also due to competition from electric mobility. In addition, operating costs are penalized by the increase in charges for the purchase of emission certificates under the European Emission Trading System scheme. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2021 | |
Investments | |
Investments | 16 Investments Equity-accounted investments 2021 2020 Investments in Investments in unconsolidated entities Joint unconsolidated entities Joint (€ million) controlled by Eni ventures Associates Total controlled by Eni ventures Associates Total Carrying amount - beginning of the year 80 2,832 3,837 6,749 86 4,592 4,357 9,035 Additions and subscriptions 1 558 103 662 2 75 198 275 Divestments and reimbursements (21) (231) (133) (385) — (3) (1) (4) Share of profit of equity-accounted investments 6 31 165 202 3 21 14 38 Share of loss of equity-accounted investments (3) (910) (381) (1,294) (2) (1,399) (332) (1,733) Deduction for dividends (25) (586) (16) (627) (5) (296) (13) (314) Changes in the scope of consolidation 5 355 — 360 3 30 1 34 Currency translation differences 2 83 296 381 (4) (254) (345) (603) Other changes (1) (75) (85) (161) (3) 66 (42) 21 Carrying amount - end of the year 44 2,057 3,786 5,887 80 2,832 3,837 6,749 Acquisitions and share capital increases mainly related for €480 million to the acquisition of a 20% stake in Doggerbank Offshore Wind Farm Project 1 Holdco Ltd and Doggerbank Offshore Wind Farm Project 2 Holdco Ltd, which are developing the Dogger Bank (A and B) offshore wind power generation project in the British North Sea. Divestments and reimbursement essentially related to the sale of Unión Fenosa Gas SA for €232 million to the Spanish partner Naturgy following the corporate restructuring through the splitting of the assets of the venture among the shareholders, as well as a capital reimbursement made by Angola Lng Ltd for €130 million. Eni’s share of the results of entities accounted for under the equity method mainly comprised a loss incurred at: (i) Saipem SpA for €752 million due to operating losses on contracts and to the recognition of extraordinary and restructuring charges. The loss was estimated by management on the basis of the best information available on the market and on the preliminary results of 2021 announced; (ii) Abu Dhabi Oil Refining Co (TAKREER) for €362 million relating to the loss of the year mainly due to the recognition of write-downs of plants due to lower profitability prospects and decommissioning provisions due to the closure of some production lines. Share of losses of equity-accounted investments included a loss of €78 million accounted at the joint venture Cardón IV SA (Eni’s interest 50%) which is operating the Perla gas field in Venezuela, affected by the slowdown in the gas supplies to the buyer PDVSA due to a deteriorated operating environment and credit losses. The residual value of €51 million of the investment in the PetroJunín project was canceled due to the lack of profitability prospects of the project. Deduction for dividends related for €561 million to Vår Energi AS. Net carrying amount related to the following companies: December 31, 2021 December 31, 2020 Net carrying % of the Net carrying % of the (€ million) amount investment amount investment Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 2 100.00 24 100.00 Other 42 — 56 — 44 — 80 — Joint ventures Vår Energi AS 645 69.85 1,144 69.85 Mozambique Rovuma Venture SpA 355 35.71 — — Cardón IV SA 279 50.00 199 50.00 Doggerbank Offshore Wind Farm Project 1 Holdco Ltd 246 20.00 — — Doggerbank Offshore Wind Farm Project 2 Holdco Ltd 238 20.00 — — Saipem SpA 137 31.20 908 31.08 Lotte Versalis Elastomers Co Ltd 54 50.00 51 50.00 Società Oleodotti Meridionali - SOM SpA 27 70.00 32 70.00 PetroJunín SA — 40.00 50 40.00 Unión Fenosa Gas SA — — 242 50.00 Gas Distribution Company of Thessaloniki - Thessaly SA — — 140 49.00 Other 76 — 66 — 2,057 — 2,832 — Associates Abu Dhabi Oil Refining Co (Takreer) 2,151 20.00 2,335 20.00 Angola LNG Ltd 1,084 13.60 1,039 13.60 Coral FLNG SA 156 25.00 138 25.00 Novis Renewables Holdings Llc 75 49.00 65 49.00 United Gas Derivatives Co 75 33.33 58 33.33 Bluebell Solar Class A Holdings II Llc 71 99.00 — — ADNOC Global Trading Ltd 42 20.00 — 20.00 Finproject SpA — — 73 40.00 Other 132 — 129 — 3,786 — 3,837 — 5,887 — 6,749 — The interest held in Mozambique Rovuma Venture SpA, previously accounted for as a joint operation, was reclassified as joint venture. More information is disclosed in note 4 - IFRSs not yet adopted - Change in the classification of the joint arrangement Mozambique Rovuma Venture SpA. The results of equity-accounted investments by segment are disclosed in note 35 – Segment information and information by geographical area. The carrying amounts of equity-accounted investments included differences between the purchase price of acquired interests and their underlying book value of net assets amounting to €487 million mainly relating to Doggerbank Offshore Wind Farm Project 1 Holdco Ltd and Doggerbank Offshore Wind Farm Project 2 Holdco Ltd for €483 million. Such surplus was driven by the long-term profitability outlook of the acquired company at the time of the acquisition. As of December 31, 2021, the market value of the investments listed in regulated stock markets was as follows: Saipem SpA Number of shares held 308,767,968 % of the investment 31.20 Share price (€) 1,845 Market value (€ million) 570 Book value (€ million) 137 Additional information is included in note 37 – Other information about investments. Other investments (€ million) 2021 2020 Carrying amount – beginning of the year 957 929 Additions and subscriptions 175 8 Change in the fair value with effect to OCI 105 24 Divestments and reimbursements — (12) Currency translation differences 57 (61) Other changes — 69 Carrying amount – end of the year 1,294 957 The fair value of the main non-controlling interests in non-listed investees on regulated markets, classified within level 3 of the fair value hierarchy, was estimated based on a methodology that combines future expected earnings and the sum-of-the-parts methodology (so-called residual income approach) and takes into account, inter alia, the following inputs: (i) expected 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. Acquisitions and subscriptions concerned the payment of advances for the purchase of investments for €120 million. The fair value measurement with effect to OCI referred for €106 million to Novamont SpA. Dividend income from these investments is disclosed in note 32 – Income (expense) from investments. The investment book value as of December 31, 2021 primarily related to Nigeria LNG Ltd for €637 million (€579 million at December 31, 2020), Saudi European Petrochemical Co “IBN ZAHR” for €124 million (€115 million at December 31, 2020) and Novamont SpA for €183 million (€77 million at December 31, 2020). |
Other financial assets
Other financial assets | 12 Months Ended |
Dec. 31, 2021 | |
Other financial assets | |
Other financial assets | 17 Other financial assets December 31, 2021 December 31, 2020 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 17 1,832 29 953 Short-term financing receivables held for operating purposes 39 — 22 — 56 1,832 51 953 Financing receivables held for non-operating purposes 4,252 — 203 — 4,308 1,832 254 953 Securities held for operating purposes — 53 — 55 4,308 1,885 254 1,008 Changes in allowance for doubtful accounts were as follows: (€ million) 2021 2020 Carrying amount at the beginning of the year 352 379 Additions 41 7 Deductions (15) (7) Currency translation differences 25 (26) Other changes — (1) Carrying amount at the end of the year 403 352 Financing receivables held for operating purposes related principally to funds provided to joint ventures and associates in the Exploration & Production segment (€ 1,763 million) to execute capital projects of interest to Eni. These receivables are long-term interests in the initiatives funded. The main exposure is towards: (i) the joint venture Mozambique Rovuma Venture SpA for €1,008 million; (ii) Coral FLNG SA for €383 million (€288 million at December 31, 2020); (iii) Cardón IV SA (Eni’s interest 50%), the joint venture which is currently operating the Perla offshore gas field in Venezuela, for €199 million (€ 383 million at December 31, 2020). Financing receivables held for operating purposes due beyond five years amounted to €399 million (€771 million at December 31, 2020). The fair value of non-current financing receivables held for operating purposes of €1,832 million has been estimated based on the present value of expected future cash flows discounted at rates ranging from -0.3% to 1.7% (-0.5% and 1.4% at December 31,2020). In addition to the expected credit loss model, the recoverability of the financial loan granted to the joint venture Cardón IV SA was assessed on the basis of the recoverability of the investment made by the JV for the development of the Perla field corresponding to the future cash flows of the project adjusted to price possible difficulties in converting future gas sales into cash, essentially assuming a deferral in the timing of revenues collection. The recoverability of other long-term financial assets was assessed by considering the expected probability default in the next twelve months only, as the creditworthiness suffered no significant deterioration in the reporting period. Financing receivables held for non-operating purposes related for €4,233 million (€203 million at December 31, 2020) restricted deposits in escrow to guarantee transactions on derivative contracts mainly referred to Global Gas & LNG Portfolio segment and for €19 million bank deposits with the purpose to invest cash surpluses. Financing receivables were denominated in euro and U.S. dollar for €3,729 million and €1,980 million, respectively. Securities held for operating purposes related to listed bonds issued by sovereign states. Securities for €20 million (same amount at December 31, 2020) 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 Nominal value Fair Value Nominal rate of Rating - (€ million) (€ million) (€ million) return (%) Maturity date Moody’s Rating - S&P Sovereign states Fixed rate bonds Italy 24 24 24 from 0.0 to 1.75 from 2022 to 2031 Baa3 BBB Others (*) 16 16 16 from 0.00 to 0.20 from 2023 to 2025 from Aa3 to Baa1 from AA to A Floating rate bonds Italy 11 11 11 from 0.22 to 0.43 from 2022 to 2025 Baa3 BBB Others 2 2 2 1.10 2022 Baa2 BBB Total sovereign states 53 53 53 (*) Amounts included herein are lower than €10 million. All securities have maturity within five years. The fair value of securities was derived from quoted market prices. Receivables with related parties are described in note 36 — Transactions with related parties. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2021 | |
Trade and other payables | |
Trade and other payables | 18 Trade and other payables December 31, December 31, (€ million) 2021 2020 Trade payables 16,795 8,679 Down payments and advances from joint ventures in exploration & production activities 552 417 Payables for purchase of non-current assets 1,732 1,393 Payables due to partners in exploration & production activities 1,188 1,120 Other payables 1,453 1,327 21,720 12,936 The increase in trade payables of €8,116 million refers to Global Gas & LNG Portfolio segment for €6,626 million and to Refining & Marketing and Chemical segment for €1,220 million. Other payables included: (i) payroll payables for €328 million (€255 million at December 31, 2020); (ii) the amounts still due to the triggering of the take-or-pay clause of the long-term supply contracts for €185 million (€376 million at December 31, 2020); (iii) payables for social security contributions for €112 million (€92 million at December 31, 2020). Trade and other payables were denominated in euro for €14,250 million and in U.S. dollar for €5,864 million. Because of the short-term maturity and conditions of remuneration of trade payables, the fair values approximated the carrying amounts. Trade and other payables due to related parties are described in note 36 — Transactions with related parties. |
Finance debts
Finance debts | 12 Months Ended |
Dec. 31, 2021 | |
Finance debts | |
Finance debts | 19 Finance debts December 31, 2021 December 31, 2020 Current Current portion of portion of Short-term long-term Long-term Short-term long-term Long-term (€ million) debt debt debt Total debt debt debt Total Banks 362 347 4,650 5,359 337 759 3,193 4,289 Ordinary bonds — 913 18,049 18,962 — 1,140 18,280 19,420 Convertible bonds — 399 — 399 — — 396 396 Sustainability-Linked Bond — 2 996 998 — — — — Commercial papers 836 — — 836 2,233 — — 2,233 Other financial institutions 1,101 120 19 1,240 312 10 26 348 2,299 1,781 23,714 27,794 2,882 1,909 21,895 26,686 Finance debts increased by €1,108 million is disclosed in table "Changes in liabilities arising from financing activities" detailed at the end of this paragraph. Commercial papers were issued by the Group’s financial subsidiaries. As of December 31, 2021, finance debts include 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 for €1,300 million (this amount does not consider the undrawn committed borrowing facilities as of December 31, 2021). 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, 2021, debts subjected to restrictive covenants amounted to €899 million (€1,051 million at December 31, 2020). Eni was in compliance with those covenants. Ordinary bonds consisted of bonds issued within the Euro Medium Term Notes Program for a total of €15,542 million and other bonds for a total of €3,420 million. The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2021: Discount on bond issue and accrued Maturity Rate % (€ million) Amount expense Total Currency from to from to Issuing entity Euro Medium Term Notes Eni SpA 1,000 29 1,029 EUR 2029 3.625 Eni SpA 1,200 15 1,215 EUR 2025 3.750 Eni SpA 1,000 13 1,013 EUR 2023 3.250 Eni SpA 1,000 10 1,010 EUR 2026 1.500 Eni SpA 1,000 10 1,010 EUR 2031 2.000 Eni SpA 1,000 3 1,003 EUR 2030 0.625 Eni SpA 1,000 1 1,001 EUR 2026 1.250 Eni SpA 900 (1) 899 EUR 2024 0.625 Eni SpA 800 1 801 EUR 2028 1.625 Eni SpA 750 11 761 EUR 2024 1.750 Eni SpA 750 7 757 EUR 2027 1.500 Eni SpA 750 (4) 746 EUR 2034 1.000 Eni SpA 700 3 703 EUR 2022 0.750 Eni SpA 650 4 654 EUR 2025 1.000 Eni SpA 600 (3) 597 EUR 2028 1.125 Eni Finance International SA 1,545 (4) 1,541 USD 2026 2027 variable Eni Finance International SA 795 7 802 EUR 2025 2043 1.275 5.441 15,440 102 15,542 Other bonds Eni SpA 883 7 890 USD 2023 4.000 Eni SpA 883 4 887 USD 2028 4.750 Eni SpA 883 — 883 USD 2029 4.250 Eni SpA 309 1 310 USD 2040 5.700 Eni USA Inc 353 — 353 USD 2027 7.300 CEF3 Wind Energy SpA 99 (2) 97 EUR 2025 2.010 3,410 10 3,420 18,850 112 18,962 As of December 31, 2021, ordinary bonds maturing within 18 months amounted to €703 million. During 2021, Eni did not issue new ordinary bonds. The following table provides a breakdown of convertible bonds issued by Eni SpA as of December 31, 2021: Discount on bond issue and accrued (€ million) Amount expense Total Currency Maturity Rate % Eni SpA 400 (1) 399 EUR 2022 0.000 This is a non-dilutive equity-linked bond, which provides for a redemption value linked to the market price of Eni’s shares. The bondholders can exercise their conversion rights at certain expiry dates and/or in the presence of certain events, while the bonds will be cash-settled. Accordingly, to hedge its exposure, Eni purchased cash-settled call options relating to Eni shares that will be settled on a net cash basis. The bond conversion price is equal €17.62 and includes a 35% premium with respect to the Eni’s share reference price at the date of issuance. The convertible bond is measured at amortized cost. The conversion option, embedded in the financial instrument issued, and the call option on Eni’s shares acquired are valued at fair value with effects recognized through profit and loss. The bond expires within the next 12 months. As part of the Euro Medium Term Notes program, during 2021 Eni issued a sustainability-linked bond for a nominal amount of €1 billion linked to the achievement of the following sustainability targets: (i) net carbon footprint upstream (GHG emission Scope 1 and 2) equal to or lower than 7.4 million tons of CO2 equivalent by 2024; (ii) renewable energy installed capacity equal to or greater than 5 GW by 2025. If one of the targets is not achieved, a step-up mechanism will be applied, increasing the interest rate. Information relating to the sustainability-linked bond is as follows: Discount on bond issue and accrued (€ million) Amount expense Total Currency Maturity Rate% Eni SpA 1,000 (2) 998 EUR 2,028 0.375 Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which €16.4 billion were drawn as of December 31, 2021. The following table provides a breakdown by currency of finance debt and the related weighted average interest rates: December 31, 2021 December 31, 2020 Long term Long term debt and debt and current current Short term portion of long Short term portion of long debt Average rate term debt Average rate debt Average rate term debt Average rate (€ million) (%) (€ million) (%) (€ million) (%) (€ million) (%) Euro 1,356 — 20,399 1.5 1,004 — 19,142 1.7 U.S. dollar 928 0.2 5,096 3.8 1,870 1.1 4,522 4.6 Other currencies 15 (0.3) — — 8 (0.5) 140 4.3 2,299 — 25,495 — 2,882 — 23,804 — As of December 31, 2021, Eni retained undrawn uncommitted short-term borrowing facilities amounting to €6,207 million (€7,183 million at December 31, 2020) and undrawn committed borrowing facilities of €2,835 million, of which €2,820 million due beyond 12 months (€5,295 million at December 31, 2020, of which €4,750 million due beyond 12 months). Those facilities bore interest rates reflecting prevailing conditions in the marketplace. As of December 31, 2021, committed borrowing facilities, used and unused, include sustainability-linked contracts for €4,850 million. Borrowing facilities were used to fulfill the obligations to maintain an adequate amount of financial deposits (margin calls) to guarantee the settlement of derivative transactions on commodities in relation to the material increases in the spot and forward prices of natural gas and electricity registered in December 2021. As of December 31, 2021, 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: December 31, December 31, (€ million) 2021 2020 Ordinary bonds and Sustainability-Linked Bond 23,070 22,429 Convertible bonds 513 497 Banks 5,029 4,008 Other financial institutions 138 36 28,750 26,970 Fair value of finance debts was calculated by discounting the expected future cash flows at discount rates ranging from -0.3% to 1.7% (-0.5% and 1.4% at December 31, 2020). Because of the short-term maturity and conditions of remuneration of short-term debts, the fair value approximated the carrying amount. Changes in liabilities arising from financing activities Long-term debt Long-term and current and current Short-term portion of long-term lease (€ million) portion of long-term debt debt liabilities Total Carrying amount at December 31, 2020 23,804 2,882 5,018 31,704 Cash flows 666 (910) (939) (1,183) Currency translation differences 255 153 303 711 Changes in the scope of consolidation 545 160 103 808 Other non-monetary changes 225 14 852 1,091 Carrying amount at December 31, 2021 25,495 2,299 5,337 33,131 Carrying amount at December 31, 2019 22,066 2,452 5,648 30,166 Cash flows 2,178 937 (869) 2,246 Currency translation differences (348) (528) (333) (1,209) Changes in the scope of consolidation 64 22 4 90 Other non-monetary changes (156) (1) 568 411 Carrying amount at December 31, 2020 23,804 2,882 5,018 31,704 Changes in the scope of consolidation referred to the Plenitude business line for €474 million and to the Refining & Marketing business line for €213 million. Other non-monetary changes include €1,102 million of lease liabilities assumptions (€808 million at December 31, 2020). Lease liabilities are described in note 13 - Right-of-use assets and lease liabilities. Transactions with related parties are described in note 36 - Transactions with related parties |
Information on net borrowings
Information on net borrowings | 12 Months Ended |
Dec. 31, 2021 | |
Information on net borrowings | |
Information on net borrowings | 20 Information on net borrowings In assessing its capital structure, Eni uses net borrowings before the accounting effects of IFRS 16 (lease obligations), which is a non-GAAP financial measure. Eni calculates net borrowings as total finance debt (short-term and long-term debt) derived from its Consolidated Financial Statements prepared in accordance with IFRS less: cash and cash equivalents, held-for-trading securities and certain highly liquid investments not related to operations including, among others, non-operating financing receivables. Held-for-trading securities are part of a strategic reserve of liquidity that management has established by reinvesting proceeds from the Group disposal plans and is intended to provide a certain degree of financial flexibility in case of a prolonged price downturn, tight financial markets or in view of other Company’s purposes. Non-operating financing receivables consist mainly of deposits with banks and other financing institutions and deposits in escrow. These assets are generally intended to absorb temporary surpluses of cash as part of the Company’s ordinary management of financing activities. Management believes that net borrowings is a useful measure of Eni’s financial condition as it provides insight about the soundness of Eni’s capital structure and the ways by which Eni’s operating assets are financed. December 31, December 31, (€ million) 2021 2020 A. Cash 2,758 2,500 B. Cash equivalents 5,496 6,913 C. Other current financial assets 10,553 5,705 D Liquidity (A+B+C) 18,807 15,118 E. Current financial debt 3,613 4,022 F. Current portion of non-current financial debt 1,415 1,618 G. Current financial indebtedness (E+F) 5,028 5,640 H. Net current financial indebtedness (G-D) (13,779) (9,478) I. Non-current financial debt 9,058 7,388 J. Debt instruments 19,045 18,676 K. Non-current trade and other payables — — L. Non-current financial indebtedness (I+J+K) 28,103 26,064 M. Total financial indebtedness (H+L) 14,324 16,586 Cash and cash equivalent include approximately €115 million subject to foreclosure measures and payment guarantees. The increase in other current financial assets was due to the fulfillment of the obligations towards financial institutions and commodity-based exchanges to increase financial deposits to guarantee the settlement of transactions in commodity derivatives as consequence of the material increase in the spot and forward prices of natural gas and electricity registered in Europe in December 2021 (margin call). Other current financial assets include: (i) financial assets held for trading, disclosed in note 7 – Financial assets held for trading; (ii) financing receivables,disclosed in note 17 – Other financial assets. Finance debts are disclosed in note 19 – Finance debts. Current portion of non-current financial debt and non-current financial debt include lease liabilities of €948 million and €4,389 million (€849 million and €4,169 million at December 31, 2020, respectively) of which €1,684 million (€1,652 million at December 31, 2020) 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 – Right-of-use assets and lease liabilities. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2021 | |
Provisions | |
Provisions | 21 Provisions Loss adjustments Provision Provisions and for site for actuarial Provision restoration, taxes provisions Provision for Provision abandonment Provision other than for Eni’s for OIL for and social Environmental for income insurance losses on insurance redundancy (€ million) projects provision litigations taxes companies investments cover incentives Other Total Carrying amount at December 31, 2020 9,362 2,263 385 170 258 198 95 53 654 13,438 New or increased provisions — 289 234 34 102 15 2 1 219 896 Initial recognition and changes in estimates 195 — — — — — — — — 195 Accretion discount 153 (9) — — — — — — — 144 Reversal of utilized provisions (469) (313) (90) (9) (63) — — (3) (308) (1,255) Reversal of unutilized provisions — (10) (72) (8) — (16) (4) (36) (45) (191) Currency translation differences 445 2 21 8 — 3 1 — 8 488 Other changes (65) (16) (26) 16 (2) (5) (1) — (23) (122) Carrying amount at December 31, 2021 9,621 2,206 452 211 295 195 93 15 505 13,593 Provisions for site restoration, abandonment and social projects include the present value of the estimated costs that the Company expects to incur for dismantling oil and natural gas production facilities at the end of the producing lives of fields, well-plugging, site clean-up and restoration for €8,580 million. Initial recognitions and changes in estimates include an increase in the asset retirement cost of the tangible assets in the Exploration & Production sector, mainly due to a cost revision. The provision also includes the estimate of the costs for social projects to be incurred following the commitments between Eni SpA and the Basilicata region in relation to the oil development program in the Val d’Agri concession area (€134 million). The unwinding of discount recognized through profit and loss for €153 million was determined based on discount rates ranging from -0.4% to 3.8% (from -0.2% to 3.7% at December 31, 2020). Main expenditures associated with decommissioning operations are expected to be incurred over a fifty-year 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 the 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. Those environmental provisions are recognized when an environmental project is approved by or filed with the relevant administrative authorities or a constructive obligation has arisen whereby the Company commits itself to performing certain cleaning-up and restoration projects and a reliable cost estimation is available. At December 31, 2021, environmental provision primarily related to Eni Rewind SpA for €1,532 million and to the Refining & Marketing business line for €376 million. Litigation provisions comprised 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. These provisions represent the Company’s best estimate of the expected and probable liabilities associated with ongoing litigation and related to the Exploration & Production segment for €258 million. Reversals of utlized provisions related for €61 million to the Exploration & Production segment in relation to the settlement of contractual disputes. Provisions for uncertain taxes matters related 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 were in respect of the Exploration & Production segment for €186 million. Loss adjustments and actuarial provisions of Eni’s insurance company Eni Insurance DAC represented the estimated liabilities accrued on the basis for third party claims. Against such liability was recorded receivables of €94 million recognized towards insurance companies for reinsurance contracts. Provisions for losses on investments included provisions relating to investments whose loss exceeds the equity and primarily related to Industria Siciliana Acido Fosforico — ISAF — SpA (in liquidation) for €144 million. Provisions for the OIL mutual insurance scheme included insurance premiums which will be charged to Eni in the next five years by the mutual insurance company OIL Insurance Ltd in which Eni partipates together with other oil companies. Provisions for redundancy incentives were recognized mainly due to a restructuring program involving the Italian personnel related to past reporting periods. |
Provisions for employee benefit
Provisions for employee benefits | 12 Months Ended |
Dec. 31, 2021 | |
Provisions for employee benefits | |
Provisions for employee benefits | 22 Provisions for employee benefits (€ million) December 31, 2021 December 31, 2020 Italian defined benefit plans 227 258 Foreign defined benefit plans 129 493 FISDE, foreign medical plans and other 162 182 Defined benefit plans 518 933 Other benefit plans 301 268 Provision for employee benefits 819 1,201 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 €124 million, contratti di espansione isopensione Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: 2021 2020 FISDE, FISDE, foreign foreign Italian Foreign medical Italian Foreign medical defined defined plans Defined Other defined defined plans Defined Other benefit benefit and benefit benefit benefit benefit and benefit benefit (€ million) plans plans other plans plans Total plans plans other plans plans Total Present value of benefit liabilities at beginning of year 258 1,140 182 1,580 268 1,848 269 1,044 177 1,490 278 1,768 Current service cost 1 16 3 20 49 69 — 23 3 26 50 76 Interest cost 1 24 1 26 — 26 2 27 2 31 1 32 Remeasurements: — (118) (6) (124) (11) (135) 5 48 13 66 4 70 - actuarial (gains) losses due to changes in demographic assumptions (1) (3) (4) (8) (1) (9) (3) (10) 2 (11) 2 (9) - actuarial (gains) losses due to changes in financial assumptions (1) (111) 3 (109) 2 (107) 9 71 13 93 5 98 - experience (gains) losses 2 (4) (5) (7) (12) (19) (1) (13) (2) (16) (3) (19) Past service cost and (gain) loss on settlements — — — 107 107 — (2) — (2) 20 18 Plan contributions: — 1 — 1 — 1 — 1 — 1 — 1 - employee contributions — 1 — 1 — 1 — 1 — 1 — 1 Benefits paid (36) (39) (8) (83) (56) (139) (20) (33) (9) (62) (63) (125) Currency translation differences and other changes 3 (263) (10) (270) (56) (326) 2 32 (4) 30 (22) 8 Present value of benefit liabilities at end of year (a) 227 761 162 1,150 301 1,451 258 1,140 182 1,580 268 1,848 Plan assets at beginning of year — 648 — 648 — 648 — 632 — 632 — 632 Interest income — 12 — 12 — 12 — 15 — 15 — 15 Return on plan assets — (5) — (5) — (5) — 51 — 51 — 51 Past service cost and (gains) losses settlements — — — — — — — (3) — (3) — (3) Plan contributions: — 15 — 15 — 15 — 15 — 15 — 15 - employee contributions — 1 — 1 — 1 — 1 — 1 — 1 - employer contributions — 14 — 14 — 14 — 14 — 14 — 14 Benefits paid — (28) — (28) — (28) — (21) — (21) — (21) Currency translation differences and other changes — (9) — (9) — (9) — (41) — (41) — (41) Plan assets at end of year (b) — 633 — 633 — 633 — 648 — 648 — 648 Asset ceiling at beginning of year — 1 — 1 — 1 — — — — — — Change in asset ceiling — — — — — — — 1 — 1 — 1 Asset ceiling at end of year (c) — 1 — 1 — 1 — 1 — 1 — 1 Net liability recognized at end of year (a-b+c) 227 129 162 518 301 819 258 493 182 933 268 1,201 Employee benefit plans included the actuarial liability, net of plan assets, attributable to partners operating in exploration and production activities of €1 million (€268 million at December 31, 2020). Eni recorded a receivable for an amount equivalent to such liability. The decrease in the net liability of €267 million is essentially due to the recalculation of the actuarial liability with new parameters. Costs charged to the profit and loss account, valued using actuarial assumptions, consisted of the following: FISDE, Italian Foreign foreign defined defined medical Defined Other benefit benefit plans and benefit benefit (€ million) plans plans other plans plans Total 2021 Current service cost 1 16 3 20 49 69 Past service cost and (gains) losses on settlements — — — — 107 107 Interest cost (income), net: — — - interest cost on liabilities 1 24 1 26 — 26 - interest income on plan assets — (12) (12) — (12) Total interest cost (income), net 1 12 1 14 — 14 - of which recognized in “Payroll and related cost” — — — — — — - of which recognized in “Financial income (expense)” 1 12 1 14 — 14 Remeasurements for long-term plans — (11) (11) Total 2 28 4 34 145 179 - of which recognized in “Payroll and related cost” 1 16 3 20 145 165 - of which recognized in “Financial income (expense)” 1 12 1 14 — 14 2020 Current service cost — 23 3 26 50 76 Past service cost and (gains) losses on settlements — 1 — 1 20 21 Interest cost (income), net: — — — — — - interest cost on liabilities 2 27 2 31 1 32 - interest income on plan assets — (15) — (15) — (15) Total interest cost (income), net 2 12 2 16 1 17 - of which recognized in “Payroll and related cost” — 1 1 - of which recognized in “Financial income (expense)” 2 12 2 16 — 16 Remeasurements for long-term plans — 4 4 Total 2 36 5 43 75 118 - of which recognized in “Payroll and related cost” — 24 3 27 75 102 - of which recognized in “Financial income (expense)” 2 12 2 16 — 16 Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2021 2020 FISDE, FISDE, Italian foreign Italian Foreign foreign defined Foreign medical defined defined medical benefit defined plans and benefit benefit plans and (€ million) plans benefit plans other Total plans plans other Total Remeasurements Actuarial (gains)/losses due to changes in demographic assumptions (1) (3) (4) (8) (3) (10) 2 (11) Actuarial (gains)/losses due to changes in financial assumptions (1) (111) 3 (109) 9 71 13 93 Experience (gains) losses 2 (4) (5) (7) (1) (13) (2) (16) Return on plan assets — 5 — 5 — (51) — (51) Change in asset ceiling — — — — — 1 — 1 — (113) (6) (119) 5 (2) 13 16 Plan assets consisted of the following: Assets Cash and held by cash Equity Debt Real Investment insurance (€ million) equivalents securities securities estate Derivatives funds company Other Total December 31, 2021 Plan assets with a quoted market price 95 43 299 8 3 1 23 157 629 Plan assets without a quoted market price 4 4 95 43 299 8 3 1 27 157 633 December 31, 2020 Plan assets with a quoted market price 117 38 297 8 2 76 20 87 645 Plan assets without a quoted market price 3 3 117 38 297 8 2 76 23 87 648 The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 2022 consisted of the following: FISDE, foreign Other Italian defined Foreign defined medical plans benefit benefit plans benefit plans and other plans 2021 Discount rate (%) 1.0 0.3-15.3 1.0 0.0-1.0 Rate of compensation increase (%) 2.8 1.5-12.5 Rate of price inflation (%) 1.8 0.7-13.3 1.8 1.8 Life expectations on retirement at age 65 (years) 13-25 24 2020 Discount rate (%) 0.3 0.1-14.7 0.3 0.0-0.3 Rate of compensation increase (%) 1.8 1.3-12.5 Rate of price inflation (%) 0.8 0.8-12.2 0.8 0.8 Life expectations on retirement at age 65 (years) 13-26 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: Foreign Euro Rest Other defined area of Europe Africa areas benefit plans 2021 Discount rate (%) 0.9-1.2 0.3-1.9 3.0-15.3 6.7 0.3 - 15.3 Rate of compensation increase (%) 1.5-3.0 2.5-4.0 1.9-12.5 5.0 1.5 - 12.5 Rate of price inflation (%) 1.5-1.9 0.7-3.5 3.0-13.3 3.0 0.7 - 13.3 Life expectations on retirement at age 65 (years) 21-23 23-25 13-15 — 13 - 25 2020 Discount rate (%) 0.4-0.8 0.1-1.4 2.6-14.7 6.4-9.8 0.1 - 14.7 Rate of compensation increase (%) 1.3-3.0 2.5-3.6 2.0-12.5 5.0-9.8 1.3 - 12.5 Rate of price inflation (%) 1.3-1.9 0.8-3.1 2.6-12.2 3.0-5.0 0.8 - 12.2 Life expectations on retirement at age 65 (years) 21-22 23-26 13-17 — 13 - 26 The effects of a possible change in the main actuarial assumptions at the end of the year are listed below: Rate of Rate Rate of Healthcare increases to of price increases in cost pensions in Discount rate inflation pensionable salaries trend rate payment (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2021 Italian defined benefit plans (9) 9 6 — — — Foreign defined benefit plans (49) 55 34 11 — 28 FISDE, foreign medical plans and other (10) 11 — — 10 — Other benefit plans (4) 1 1 — — — December 31, 2020 Italian defined benefit plans (10) 6 7 — — — Foreign defined benefit plans (84) 92 47 25 — 67 FISDE, foreign medical plans and other (10) 7 — — 11 — Other benefit plans (3) 1 1 — — — The sensitivity analysis was performed based on the results for each plan through assessments calculated considering modified parameters. The amount of contributions expected to be paid for employee benefit plans in the next year amounted to €123 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: Foreign FISDE, foreign Italian defined defined benefit medical plans Other benefit (€ million) benefit plans plans and other plans December 31, 2021 2022 16 23 9 83 2023 16 24 7 80 2024 18 29 7 69 2025 20 24 7 25 2026 20 25 7 11 2027 and thereafter 137 4 125 33 Weighted average duration (years) 9.8 17.6 13.6 3.1 December 31, 2020 2021 12 44 8 71 2022 13 42 7 66 2023 17 50 7 63 2024 20 63 7 16 2025 21 67 7 12 2026 and thereafter 175 227 146 40 Weighted average duration (years) 8.2 19.1 13.7 2.8 |
Deferred tax assets and liabili
Deferred tax assets and liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Deferred tax assets and liabilities | |
Deferred tax assets and liabilities | 23 Deferred tax assets and liabilities (€ million) December 31, 2021 December 31, 2020 Deferred tax liabilities before offsetting 10,668 8,581 Deferred tax assets available for offset (5,833) (3,057) Deferred tax liabilities 4,835 5,524 Deferred tax assets before offsetting (net of accumulated write-down provisions) 8,546 7,166 Deferred tax liabilities available for offset (5,833) (3,057) Deferred tax assets 2,713 4,109 The most significant temporary differences giving rise to net deferred tax assets and liabilities are disclosed below: Carrying Carrying amount at amount at December 31, December 31, (€ million) 2021 2020 Deferred tax liabilities Accelerated tax depreciation 7,346 6,171 Leasing 1,076 1,089 Derivative financial instruments 916 27 Difference between the fair value and the carrying amount of assets acquired 408 415 Site restoration and abandonment (tangible assets) 166 199 Application of the weighted average cost method in evaluation of inventories 87 56 Other 669 624 10,668 8,581 Deferred tax assets, gross Carry-forward tax losses (7,374) (6,983) Site restoration and abandonment (provisions for contingencies) (2,400) (2,211) Timing differences on depreciation and amortization (2,354) (2,206) Impairment losses (1,417) (1,213) Accruals for impairment losses and provisions for contingencies (1,095) (1,371) Leasing (1,091) (1,113) Derivative financial instruments (343) (2) Over/Under lifting (219) (211) Employee benefits (155) (213) Unrealized intercompany profits (71) (117) Other (631) (591) (17,150) (16,231) Accumulated write-downs of deferred tax assets 8,604 9,065 Deferred tax assets, net (8,546) (7,166) The following table summarizes the changes in deferred tax liabilities and assets: Accumulated Deferred tax Deferred tax Deferred tax write-downs of assets, net of (€ million) liabilities, gross assets, gross deferred tax assets impairments Carrying amount at December 31, 2020 8,581 (16,231) 9,065 (7,166) Additions 1,977 (1,783) 270 (1,513) Deductions (765) 1,804 (863) 941 Currency translation differences 683 (682) 186 (496) Other changes 192 (258) (54) (312) Carrying amount at December 31, 2021 10,668 (17,150) 8,604 (8,546) Carrying amount at December 31, 2019 9,583 (15,767) 6,744 (9,023) Additions 960 (2,649) 2,638 (11) Deductions (1,326) 1,357 (130) 1,227 Currency translation differences (725) 742 (192) 550 Other changes 89 86 5 91 Carrying amount at December 31, 2020 8,581 (16,231) 9,065 (7,166) Carry-forward tax losses amounted to €27,948 million, of which €19,515 million can be carried forward indefinitely. Carry-forward tax losses were €16,260 million and €11,688 million at Italian subsidiaries and foreign subsidiaries, respectively. Deferred tax assets gross of accumulated write-downs recognized on these losses amounted to €3,914 million and €3,460 million, respectively. Italian taxation law allows the carry-forward of tax losses indefinitely. Foreign taxation laws generally allow the carry-forward of tax losses over a period longer than five years, and in many cases, indefinitely. 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 29.6%. Accumulated write-downs of deferred tax assets related to Italian companies for €6,609 million and non-Italian companies for €1,995 million. Taxes are also described in note 33 – Income taxes. |
Derivative financial instrument
Derivative financial instruments and hedge accounting | 12 Months Ended |
Dec. 31, 2021 | |
Derivative financial instruments and hedge accounting | |
Derivative financial instruments and hedge accounting | 24 Derivative financial instruments and hedge accounting 74 December 31, 2021 December 31, 2020 Fair value Fair value Level of Fair Fair value Fair value Level of Fair (€ million) asset liability value asset liability value Non-hedging derivatives Derivatives on exchange rate - Currency swap 113 39 2 125 127 2 - Interest currency swap 30 7 2 128 2 2 - Outright 3 11 2 4 7 2 146 57 — 257 136 — Derivatives on interest rate - Interest rate swap 13 43 2 23 74 2 13 43 — 23 74 — Derivatives on commodities - Future 603 496 1 418 447 1 - Over the counter 102 121 2 89 77 2 - Other 1 55 2 5 — 2 706 672 — 512 524 — 865 772 — 792 734 — Trading derivatives Derivatives on commodities - Over the counter 12,050 11,939 2 1,167 1,451 2 - Future 6,555 5,002 1 440 525 1 - Options — — — 4 3 2 18,605 16,941 — 1,611 1,979 — Cash flow hedge derivatives Derivatives on commodities - Over the counter 7 735 2 209 30 2 - Future 193 1,672 1 119 8 1 200 2,407 — 328 38 — Derivatives on interest rate - Interest rate swap — 3 2 — — — — 3 — — — — 200 2,410 — 328 38 — Options - Option embedded in convertible bonds — — — 2 2 2 - Other options — 62 3 — 51 3 — 62 — 2 53 — Gross amount 19,670 20,185 — 2,733 2,804 — Offsetting (7,159) (7,159) — (1,033) (1,033) — Net amount 12,511 13,026 — 1,700 1,771 — Of which: - current 12,460 12,911 — 1,548 1,609 — - non-current 51 115 — 152 162 — During 2021, Eni entered into sustainability-linked interest currency swaps with leading banking institutions which provide for a cost adjustment mechanism linked to the achievement of certain sustainability targets. At December 31, 2021, the fair value of these contracts amounted to €1 million. Eni is exposed to the 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 and, to a limited extent, in compliance with internal authorization thresholds, with speculative purposes to profit from expected market trends. Derivatives 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 related to derivatives that did not meet the formal criteria to be designated as hedges under IFRS. Fair values of trading derivatives 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 values 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 mechanisms 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 26 - Equity. Information on hedged risks and hedging policies is disclosed in note 28 - Guarantees, commitments and risks - Risk factors. In 2021, the exposure to the exchange rate risk deriving from securities denominated in U.S. dollars included in the strategic liquidity portfolio amounting to €2,109 million was hedged by using, in a fair value hedge relationship, negative exchange differences for €153 million resulting on a portion of bonds denominated in U.S. dollars amounting to €2,083 million. Options embedded in convertible bonds at December 31, 2020, related to equity-linked cash settled. More information is disclosed in note 19 - Finance debts. The offsetting of financial derivatives related to Eni Global Energy Markets. During 2021, there were no transfers between the different hierarchy levels of fair value. Hedging derivative instruments are disclosed below: December 31, 2021 December 31, 2020 Nominal Change in Change in Nominal Change in Change in amount of fair value fair value amount of fair value fair value the hedging (effective (ineffective the hedging (effective (ineffective (€ million) instrument hedge) hedge) instrument hedge) hedge) Cash flow hedge derivatives Derivatives on commodity - Over the counter (461) (2,016) (46) 821 (438) — - Future (364) 534 (5) 541 158 (1) (825) (1,482) (51) 1,362 (280) (1) Derivatives on interest rate - Interest rate swap 84 3 — — — — 84 3 — — — — (741) (1,479) (51) 1,362 (280) (1) The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2021 December 31, 2020 Change of the Change of the underlying underlying asset used for asset used for the calculation the calculation of hedging CFH Reclassification of hedging CFH Reclassification (€ million) ineffectiveness reserve adjustments ineffectiveness reserve adjustments Cash flow hedge derivatives Commodity price risk - Planned sales 86 (1,272) (215) 284 (7) (941) 86 (1,272) (215) 284 (7) (941) Derivatives on interest rate - hedged flows (3) 3 — — — — (3) 3 — — — — 83 (1,269) (215) 284 (7) (941) More information is reported in note 28 — Guarantees, Commitments and Risks — Financial risks. Effects recognized in other operating profit (loss) Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2021 2020 2019 Net income (loss) on cash flow hedging derivatives (51) (1) (2) Net income (loss) on other derivatives 954 (765) 289 903 (766) 287 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) 2021 2020 2019 Derivatives on exchange rate (322) 391 9 Derivatives on interest rate 16 (40) (23) (306) 351 (14) 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 - Transactions with related parties. |
Assets held for sale and liabil
Assets held for sale and liabilities directly associated with assets held for sale | 12 Months Ended |
Dec. 31, 2021 | |
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 | 25 Assets held for sale and liabilities directly associated with assets held for sale As of December 31, 2021, assets held for sale and directly associated liabilities of €263 million (€44 million at December 31, 2020) and €124 million, respectively, related to: (i) an agreement for the sale of the entire Pakistan assets to Prime International Oil & Gas Company involving the 100% stake of the consolidated companies Eni AEP Ltd, Eni Pakistan Ltd, Eni Pakistan (M) Ltd Sàrl and Eni New Energy Pakistan (Private) Ltd. The activities covered by the agreement include interests in eight development and production licenses in the Kithar Fold Belt, and the Middle Indus Basins and four exploration licenses in the Middle Insud and the Indus Offshore Basins. The carrying amount of assets held for sale and liabilities directly associated amounted to €114 million (of which current assets for €81 million) and €124 million (of which current liabilities for €34 million), respectively; (ii) the sale of the investment Gas Distribution Company of Thessaloniki - Thessaly SA, operating in the gas distribution business in Greece for €135 million; (iii) the sale of tangible assets for a total carrying amount of €14 million. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2021 | |
Equity | |
Equity | 26 Equity Equity attributable to equity holders of Eni (€ million) December 31, 2021 December 31, 2020 Share capital 4,005 4,005 Retained earnings 22,750 34,043 Cumulative currency translation differences 6,530 3,895 Other reserves and equity instruments: - Perpetual subordinated bonds 5,000 3,000 - Legal reserve 959 959 - Reserve for treasury shares 958 581 - Reserve for OCI on cash flow hedging derivatives net of the tax effect (896) (5) - Reserve for OCI on defined benefit plans net of tax effect (117) (158) - Reserve for OCI on equity-accounted investments 54 85 - Reserve for OCI on other investments valued at fair value 141 36 - Other reserves 190 190 Treasury shares (958) (581) Net profit (loss) for the year 5,821 (8,635) 44,437 37,415 Share capital As of December 31, 2021, the parent company’s issued share capital consisted of €4,005,358,876 (same amount as of December 31, 2020) represented by 3,605,594,848 ordinary shares without nominal value (same amount at December 31, 2020). On May 12, 2021, Eni’s Shareholders’ Meeting declared: (i) to distribute a dividend of €0.24 per share, with the exclusion of treasury shares held at the ex-dividend date, in full settlement of the 2020 dividend of €0.36 per share, of which €0.12 per share paid as interim dividend. The balance was paid on May 26, 2021, to shareholders on the register on May 24, 2021, record date on May 25, 2021; (ii) to authorize the Board of Directors pursuant to and for art. 2357 of the Civil Code to proceed, within 18 months from the date of the resolution, with the purchase of a maximum number of shares equal to 7% of the ordinary shares (and 7% of the share capital) of the Company (without calculating treasury shares already owned), for a total amount up to €1,600 million. In execution of this resolution, at December 31, 2021, 34,106,871 shares were acquired, for a total value of €400 million. Retained earnings Retained earnings include the interim dividend distribution effect for 2021 amounting to €1,533 million corresponding to €0.43 per share, as resolved by the Board of Directors on July 29, 2021, in accordance with Article 2433-bis, paragraph 5 of the Italian Civil Code; the dividend was paid on September 22, 2021. 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 In 2021, Eni issued two euro-denominated perpetual subordinated hybrid bonds for an aggregate nominal amount of €2 billion; issuing costs amounted to €15 million. The hybrid bonds are governed by English law and are traded on the regulated market of the Luxembourg Stock Exchange. As of December 31, 2021, hybrid bonds amounted to €5 billion. The key characteristics of the two bonds are: (i) an issue of € 1.5 billion perpetual 5.25 -year subordinated non-call hybrid notes with a re-offer price of 99.403% and an annual fixed coupon of 2.625% until the first reset date of January 13, 2026. 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-year Euro Mid Swap rate plus an initial spread of 316.7 basis points, increased by an additional 25 basis points as from January 13, 2031 and a subsequent increase of additional 75 basis points as from January 13, 2046; (ii) an issue of €1.5 billion perpetual 9 -year subordinated non-call hybrid notes with a re-offer price of 100% and an annual fixed coupon of 3.375% until the first reset date of October 13, 2029. 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-year Euro Mid Swap rate plus an initial spread of 364.1 basis points, increased by additional 25 basis points as from October 13, 2034 and a subsequent increase of additional 75 basis points as from October 13, 2049; (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-year Euro Mid Swap rate plus an initial spread of 220.4 basis points, increased by additional 25 basis points as from May 11, 2032 and a subsequent increase of additional 75 basis points as from 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-year Euro Mid Swap rate plus an initial spread of 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 of the Italian Civil Code. The legal reserve has reached the maximum amount required by the Italian Law. Reserve for treasury shares The reserve for treasury shares represents the reserve that was established in previous reporting periods 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 Reserve for OCI on derivatives defined benefit plans Reserve for Reserve for Deferred Deferred OCI on equity- OCI on Gross tax Net Gross tax Net accounted investments (€ million) reserve liabilities reserve reserve liabilities reserve investments* valued at fair value Reserve as of December 31, 2020 (7) 2 (5) (205) 47 (158) 85 36 Changes of the year (1,479) 434 (1,045) 119 (77) 42 (32) 105 Currency translation differences — — — 2 (3) (1) 1 — Reversal to inventories adjustments 2 (1) 1 — — — — — Reclassification adjustments 215 (62) 153 — — — — — Reserve as of December 31, 2021 (1,269) 373 (896) (84) (33) (117) 54 141 Reserve as of December 31, 2019 (656) 191 (465) (183) 17 (166) 53 12 Changes of the year (280) 81 (199) (16) 25 9 32 24 Currency translation differences — — — (6) 5 (1) — — Reversal to inventories adjustments (12) 3 (9) — — — — — Reclassification adjustments 941 (273) 668 — — — — — Reserve as of December 31, 2020 (7) 2 (5) (205) 47 (158) 85 36 * Reserve for OCI on equity-accounted investments at December 31, 2021 includes €-4 million relating to defined benefit plans (€-7 million at December 31, 2020) Other reserves Other reserves related to a reserve of €127 million representing the increase in equity attributable to Eni associated with a business combination under common control, whereby the parent company Eni SpA divested its subsidiaries. Treasury shares A total of 65,838,173 of Eni's ordinary shares (33,045,197 at December 31, 2020) were held in treasury for a total cost of €958 million (€581 million at December 31, 2020). During 2021, 34,106,871 shares were acquired, for a total value of €400 million, and 1,313,895 treasury shares were assigned free of charge to Eni executives, following the conlcusion of the Vesting Period as required by the "Long-Term Monetary Incentive Plan 2017-2019" approved by Eni's Shareholders' Meeting of April 13, 2017. On May 13, 2021, the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 2020-2022 and empowered the Board of Directors to execute the Plan by authorizing it to dispose up to a maximum of 20 million of treasury shares in service of the Plan. Distributable reserves As of December 31, 2021, equity attributable to Eni included distributable reserves of approximately €34 billion. Reconciliation of net profit and equity attributable to Eni of the parent company Eni SpA to consolidated net profit and equity attributable to Eni Shareholders’ equity Net profit December 31, December 31, (€ million) 2021 2020 2021 2020 As recorded in Eni SpA’s Financial Statements 7,675 1,607 51,039 44,707 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company (3,324) (10,660) (9,910) (8,839) Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity — (6) 153 193 - adjustments to comply with Group accounting policies 1,855 264 4,266 2,086 - elimination of unrealized intercompany profits (176) 88 (654) (478) - deferred taxation (190) 79 (375) (176) 5,840 (8,628) 44,519 37,493 Non-controlling interest (19) (7) (82) (78) As recorded in Consolidated Financial Statements 5,821 (8,635) 44,437 37,415 |
Other information
Other information | 12 Months Ended |
Dec. 31, 2021 | |
Other information | |
Other information | 27 Other information Supplemental cash flow information (€ million) 2021 2020 2019 Investment in consolidated subsidiaries and businesses Current assets 262 15 1 Non-current assets 2,698 193 12 Net borrowings (486) (64) — Current and non-current liabilities (349) (17) (6) Net effect of investments 2,125 127 7 Fair value of investments held before the acquisition of control (99) — — Non-controlling interests (4) (15) (2) Purchase price 2,022 112 5 Cash and cash equivalents acquired (121) (3) — Consolidated subsidiaries and businesses net of cash and cash equivalent acquired 1,901 109 5 Disposal of consolidated subsidiaries and businesses Current assets 2 — 77 Non-current assets — — 188 Net borrowings — — 11 Current and non-current liabilities — — (57) Net effect of disposals 2 — 219 Reclassification of foreign currency translation differences among other items of OCI — — (24) Gain (loss) on disposal — — 16 Selling price 2 — 211 Cash and cash equivalents sold — — (24) Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination 2 — 187 Business combination Unión Fenosa Gas Investment in Unión Fenosa Gas sold 232 — — 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 — — 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 76 — 187 Investments in 2021 are disclosed in note 5 — Disposals in 2021 concerned the restructuring of Unión Fenosa Gas SA following the agreement signed with the authorities of the Arab Republic of Egypt (ARE) and the Spanish company Naturgy for the resolution of all pending issues with the Egyptian partners relating to the joint venture Unión Fenosa Gas which resulted in a cash adjustment to Eni, included in the divestments. Investments in 2020 related to the acquisition by Eni gas e luce SpA Società Benefit of a 70% controlling stake in Evolvere, a group operating in the business of distributed generation from renewable sources for €97 million, net of acquired cash of €3 million, and to the acquisition by Eni New Energy SpA of the whole capital of three companies holding authorization rights for the construction of three wind projects in Puglia Investments in 2019 concerned: (i) the acquisition of a 60% stake of SEA SpA, which supplies services and solutions for energy efficiency in the residential and industrial segments in Italy; (ii) the acquisition of the residual 32% interest in the joint operation Petroven Srl, which operates storage facilities of petroleum products. Disposals in 2019 concerned the sale of 100% of the stake of Agip Oil Ecuador BV, which retains a service contract for the development of the Villano oil field. |
Guarantees, commitments and ris
Guarantees, commitments and risks | 12 Months Ended |
Dec. 31, 2021 | |
Guarantees, commitments and risks | |
Guarantees, commitments and risks | 28 Guarantees, commitments and risks Guarantees (€ million) December 31, 2021 December 31, 2020 Consolidated subsidiaries 6,432 4,758 Unconsolidated subsidiaries 190 176 Joint ventures and associates 3,358 3,800 Others 180 150 10,160 8,884 Guarantees issued on behalf of consolidated subsidiaries primarily consisted of: (i) guarantees given to third parties relating to bid bonds and performance bonds for €3,601 million (€3,209 million at December 31,2020); (ii) independent guarantee contracts issued by the Exploration & Production segment primarily in relation to oil & gas activities for €943 million; (iii) independent guarantee contracts issued to third parties for the purchase of equity investments for €913 million. At December 31, 2021, the underlying commitment issued on behalf of consolidated subsidiaries covered by such guarantees was €6,267 million (€4,520 million at December 31, 2020). Guarantees issued on behalf of joint ventures and associates primarily consisted of: (i) unsecured guarantees and other guarantees for €1,413 million (€1,533 million at December 31, 2020) issued towards banks and other lending institutions in relation to loans and lines of credit received related to guarantees issued as part of the Coral development project offshore Mozambique with respect to the financing agreements of the project with Export Credit Agencies and banks (€1,304 million at December 31, 2020); (ii) guarantees given to third parties relating to bid bonds and performance bonds for €1,764 million (€1,544 million at December 31, 2020), of which €1,260 million (€1,079 million at December 31, 2020) related to guarantees issued towards the contractors who are building a floating vessel for gas liquefaction and exportation (FLNG) as part of the Coral development project offshore Mozambique; (iii) during 2021 the unsecured guarantee of €499 million as of December 31, 2020, given by Eni SpA on behalf of the participated Saipem joint-venture to Treno Alta Velocità -- TAV SpA (now RFI -- Rete Ferroviaria Italiana SpA) for the proper and timely completion of a project for the construction of the MilanBologna fast track railway by the CEPAV (Consorzio Eni per l'Alta Velocità) Uno was canceled; (iv) a guarantee issued in favor of Gulf LNG Energy and Gulf LNG Pipeline and on behalf of Angola LNG Supply Service Llc (Eni's interest 13.60)% to cover contractual commitments of paying re-gasification fees for €179 million (€165 million at December 31, 2020). At December 31, 2021, the underlying commitment issued on behalf of joint ventures and associates covered by such guarantees was €1,816 million (€1,898 million at December 31, 2020). Guarantees issued on behalf of third parties related for €157 million (€145 million at December 31, 2020) to 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. At December 31, 2021, the underlying commitment issued on behalf of third parties covered by such guarantees was €124 million (€87 million at December 31, 2020). As provided by the contract that regulates the petroleum activities in Area 4 offshore Mozambique, Eni SpA in its capacity as parent company of the operator has provided concurrently with the approval of the development plan of the reserves 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 obligations of the guarantor towards the Government of Mozambique are unlimited (non-quantifiable commitments), whereas they provide a maximum liability of €1,324 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 (particularly the Mamba project). This parent company guarantee issued by Eni covering 100% of the aforementioned obligations was taken over by the other concessionaires (Kogas, Galp and ENH) and by ExxonMobil and CNPC shareholders of the joint venture Mozambique Rovuma Venture SpA, in proportion to their respective participating interest in Area 4. Commitments and risks (€ million) December 31, 2021 December 31, 2020 Commitments 75,201 69,998 Risks 934 600 76,135 70,598 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 €70,039 million (€64,294 million at December 31, 2020). The increase of €5,745 million was essentially determined by exchange rate differences; (ii) a parent company guarantee of €3,532 million (€3,260 million at December 31, 2020) 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) during 2021, the commitment of €1,672 mllion as of December 31, 2020, assumed by Eni USA Gas Marketing Llc towards Angola LNG Supply Service Llc for the purchase of volumes of re-gasified gas at the Pascagoula plant (United States) over a twenty-year period (until 2031) was ended definitively; (iv) a commitment of €385 million for the sale to Snam Rete Gas SpA of 49.9% of the investments held in Trans Tunisian Pipeline Company SpA and Transmediterranean Pipeline Co Ltd, companies that manage the international gas pipelines that connect Algeria to Italy; (v) a commitment of €262 million for the purchase of 20% of the project relating to Dogger Bank (C) wind farm in the North Sea; (vi) commitments of the Plenitude business line for the purchase of renewable energy projects in Spain and Greece for €250 million; (vii) the memorandum of intent signed with the Basilicata Region, whereby Eni has agreed to invest €106 million (€108 million at December 31, 2020) in the future, also on account of Shell Italia E&P SpA, in connection with Eni’s development plan of oilfields in Val d’Agri. The commitment has been included in the off-balance sheet contractual commitments in the following paragraph “Liquidity risk”; (viii) a commitment for €99 million of EniPower SpA for the purchase of two new gas turbines. Risks relate to potential risks associated with: (i) contractual assurances given to acquirers of certain investments and businesses of Eni for €246 million (€230 million at December 31, 2020); (ii) assets of third parties under the custody of Eni for €688 million (€370 million at December 31, 2020). 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). In case of failure on part of the operator to deliver the contractual gas volumes out of production, the claim under the guarantee will be determined by applying the local legislation. Eni’s share (50%) of the contractual volumes of gas to be delivered to PDVSA GAS amounted to a total of around €11 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, of carbon credits produced and certified according to international standards by subjects specialized in forest conservation programs. In the final months of 2021, the Saipem investment, jointly controlled by Eni (31.2)% and the Italian agency CDP, experienced a significant deterioration in the industrial performance as a consequence of incurred large contract works losses and assets impairment charges, which materially eroded net equity and negatively affected solvency and indebtdeness ratios. The worsening of the results compared to expectations was communicated to the market at the beginning of 2022. A new management team was appointed in March 2022 to prepare an industrial plan to restore profitability, boost the cash generation and reduce net borrowings. On those basis, the new management team is expected to design a financial and equity restructuring of the venture, which will entail a capital increase of €2 billion by the end of the year to which Eni will contribute in proportion to its interest (approximately €0.61 billion). 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 between Eni and the Management company of the real estate investment fund owner of the new complex under construction in San Donato Milanese (the Property), including the postponement of the delivery date of the property from July 28, 2020 to December 31, 2021. Since this new delivery date has not been met either, starting from January 1, 2022 Eni would have the right to apply penalties to the Property. In this context, the Property complained that the delays would not be entirely attributable to itself, at least for the construction of the building complex (not also for the public works), as the works were slowed down by several factors: (i) effects of the pandemic crisis; (ii) alleged defects found in relation to the preparatory works for the sale of the area; (iii) alleged design defects. Also on the basis of these complaints, with communications dated November and December 2021, the Property expressed its intention to charge EniServizi and/or Eni at least part of the requests that its contractor formulated towards the Property, equal to approximately €117 million at the balance sheet date. In this regard, confirming the complete impartiality and neutrality of Eni and EniServizi with respect to the contractual relationships between the Property and its contractor (confirmed in several communications), the Company reaffirms the following: ● ● The above concerns out-of-court communications between the parties, as no litigation has been initiated to date. At the moment, therefore, it is not known what could be the object, the reasons or the probative allegations of a possible legal action brought by the counterparty. Eni is liable for certain non-quantifiable risks related to contractual guarantees given to acquirers of certain Eni assets, including 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. Eni believes such matters will not have a material adverse effect on Eni’s results of operations and cash flow. 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, in particular, the estimates of the probability of default and the loss given default have been updated to take into account the impacts of COVID-19 and its related effects on the economic context. As of December 31, 2021, the Company retains liquidity reserves that management deems enough to meet the financial obligations due in the next eighteen months . No significant effects were reported on hedging transactions connected to the impacts of COVID-19 on the economic context. 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 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 manage subsidiaries’ financing requirements in and outside Italy, respectively, covering funding requirements and using available surpluses. All transactions concerning currencies and derivative contracts on interest rates and currencies different from commodities of Eni are managed by Eni Corporate finance department, 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 different market risks, whose management and control have been summarized above, are described below. 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 finance charges. Eni’s 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. Eni 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. VaR deriving from interest rate exposure is measured daily based on a variance/covariance model, with a 99% confidence level and a 20-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-year plan and in the budget. The commodity price risk arises in connection with the following exposures: (i) strategic exposure: exposures directly identified by the Board of Directors as a result of strategic investment decisions or outside the planning horizon of risk management. These exposures include, for example, exposures associated with the program for the production of Oil & Gas reserves, long-term gas supply contracts for the portion not balanced by sales contracts (already stipulated or expected), the margin deriving from the chemical transformation process, the refining margin and long-term storage functional to the logistic-industrial activities; (ii) commercial exposure: concerns the exposures related to components underlying the contractual arrangements of industrial and commercial (contracted exposure) activities normally related to the time horizon of the four-year plan and budget, components not yet under contract but which will be with reasonable certainty (commitment exposure) and the relevant activities of risk management. Commercial exposures are characterized by a systematic risk management activity conducted based on risk/return assumptions by implementing one or more strategies and subjected to specific risk limits (VaR, revision strategy limits and stop loss). In particular, the commercial exposures include exposures subjected to asset-backed hedging activities, arising from the flexibility/optionality of assets; (iii) proprietary trading exposure: transactions carried out autonomously for speculative purposes in the short term and normally not aimed at delivery with the intention of exploiting favorable price movements, spreads and/or volatility implemented autonomously and carried out regardless of the exposures of the commercial portfolio or physical and contractual assets. They are usually carried out in the short term, not necessarily aimed at the delivery and carried out by using financial or similar instruments in accordance with specific limits of authorized risk (VaR, stop loss). Strategic risk is not subject to systematic activity of management/coverage that is eventually carried out only in case of specific market or business conditions. Because of the extraordinary nature, hedging activities related to strategic risks are delegated to the top management, previously authorized by the Board of Directors. With prior authorization from the Board of Directors, the exposures related to strategic risk can be used in combination with other commercial exposures in order to exploit opportunities for natural compensation between the risks (natural hedge) and consequently reduce the use of financial derivatives (by activating logics of internal market). With regard to exposures of a commercial nature, Eni's risk management target is to optimize the "core" activities and preserve the economic/financial results. Eni manages the commodity risk through the trading units (Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA) and the exposure to commodity prices through the Group’s finance departments by using financial derivatives traded on the regulated markets MTF, OTF and 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 holding period. 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 holding period and a 99% confidence level), stop loss and other operating limits in terms of concentration, issuing entity, business segment, country of emission, duration, ratings and type of investing instruments in portfolio, aimed to minimize market and liquidity risks. Financial leverage or short selling is not allowed. Activities in terms of strategic liquidity management started in the second half of the year 2013 (Euro portfolio) and throughout the course of the year 2017 (U.S. dollar portfolio). In 2021, the Strategic liquidity investment portfolio has maintained an average credit rating of A-/BBB+, in line with the year 2020. The following tables show amounts in terms of VaR, recorded in 2021 (compared with 2020), relating to interest rate and exchange rate risks in the first section and commodity risk (aggregated by type of exposure). Regarding the management of strategic liquidity, the table reports the sensitivity to changes in interest rate. (Value at risk - parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 11.04 1.29 3.32 3.66 7.39 1.18 2.93 1.34 Exchange rate (a) 0.28 0.11 0.18 0.12 0.48 0.10 0.28 0.18 (a) Value at risk deriving from interest and exchange rates exposures include the following finance departments: Eni Corporate Finance Department, Eni Finance International SA, Banque Eni SA and Eni Finance USA Inc. (Value at risk — Historic simulation method; holding period: 1 day ; confidence level: 95% ) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Commercial exposures – Management Portfolio (a) 42.76 2.91 23.80 2.91 16.10 3.02 8.50 3.02 Trading (b) 1.03 0.12 0.37 0.20 1.57 0.10 0.52 0.25 (a) Refers to Global Gas & LNG Portfolio business area, Power Generation & Marketing, Green\Traditional Refining & Marketing, Eni gas e luce, 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, GTR&M and EGL 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 Eni Trading & Biofuels and Eni Global Energy Markets (London-Bruxelles-Singapore) and Eni Trading & Shipping Inc (Houston). (Sensitivity — Dollar value of 1 basis point — DVBP) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity (a) 0.40 0.29 0.33 0.30 0.37 0.29 0.32 0.30 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity — Dollar value of 1 basis point — DVBP) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity (a) 0.14 0.05 0.11 0.13 0.07 0.03 0.05 0.05 (a) Management of strategic liquidity portfolio in $ 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 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. At 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 r |
Revenues and other income
Revenues and other income | 12 Months Ended |
Dec. 31, 2021 | |
Revenues and other income | |
Revenues and other income | 29 Revenues and other income Sales from operations Refining & Exploration & Global Gas & Marketing and Plenitude & Corporate and (€ million) Production LNG Portfolio Chemical Power Other activities Total 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 other products 40 6 132 5,316 1 5,495 Services 226 359 784 1,956 180 3,505 Total 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 2020 Sales from operations 6,359 5,362 24,937 7,135 194 43,987 Products sales and service revenues Sales of crude oil 1,969 — 9,024 — — 10,993 Sales of oil products 517 — 11,852 — — 12,369 Sales of natural gas and LNG 3,505 5,000 20 2,741 — 11,266 Sales of petrochemical products — — 3,277 — 19 3,296 Sales of other products 113 (2) 36 2,366 2 2,515 Services 255 364 728 2,028 173 3,548 Total 6,359 5,362 24,937 7,135 194 43,987 Transfer of goods/services Goods/Services transferred in a specific moment 5,896 5,239 24,639 7,135 78 42,987 Goods/Services transferred over a period of time 463 123 298 — 116 1,000 2019 Sales from operations 10,499 9,230 41,976 7,972 204 69,881 Products sales and service revenues Sales of crude oil 3,505 — 17,361 — — 20,866 Sales of oil products 1,189 — 19,615 — — 20,804 Sales of natural gas and LNG 5,454 8,881 214 3,373 — 17,922 Sales of petrochemical products — — 4,088 — 22 4,110 Sales of other products 68 — 16 2,503 6 2,593 Services 283 349 682 2,096 176 3,586 Total 10,499 9,230 41,976 7,972 204 69,881 Transfer of goods/services Goods/Services transferred in a specific moment 9,946 9,117 41,727 7,972 86 68,848 Goods/Services transferred over a period of time 553 113 249 — 118 1,033 (€ million) 2021 2020 2019 Revenues associated with contract liabilities at the beginning of the period 658 818 747 Revenues associated with performance obligations totally or partially satisfied in previous years 30 — 10 Sales from operations by industry segment and geographical area of destination are disclosed in note 35 – Segment information and information by geographical area. Sales from operations with related parties are disclosed in note 36 – Transactions with related parties. Other income and revenues (€ million) 2021 2020 2019 Gains from sale of assets and businesses 107 10 152 Other proceeds 1,089 950 1,008 1,196 960 1,160 Other proceeds include €281 million (€357 million in 2020 and €368 million in 2019) related to the recovery of the cost share of right-of-use assets pertaining to partners of unincorporated joint operations operated by Eni. Other income and revenues with related parties are disclosed in note 36 – Transactions with related parties. |
Costs
Costs | 12 Months Ended |
Dec. 31, 2021 | |
Costs | |
Costs | 30 Costs Purchase, services and other charges (€ million) 2021 2020 2019 Production costs - raw, ancillary and consumable materials and goods 41,174 21,432 36,272 Production costs - services 10,646 9,710 11,589 Lease expense and other 1,233 876 1,478 Net provisions for contingencies 707 349 858 Other expenses 1,983 1,317 879 55,743 33,684 51,076 less: - capitalized direct costs associated with self-constructed assets - tangible assets (185) (128) (197) - capitalized direct costs associated with self-constructed assets - intangible assets (9) (5) (5) 55,549 33,551 50,874 Purchase, services and other charges included geological and geophysical costs of exploration activities for €194 million (€196 million and € 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 €177 million (€157 million and €194 million in 2020 and 2019, respectively). Royalties on the extraction rights of hydrocarbons amounted to €946 million (€673 million and €1,183 million in 2020 and 2019, respectively). Additions to provisions net of reversal of unused provisions mainly related to net additions for environmental liabilities amounting to €279 million (net reversals of €15 million and net additions of €329 million in 2020 and 2019, respectively) and net additions for litigations amounting to €162 million (net additions of €76 million and €60 million in 2020 and 2019, respectively). More information is provided in note 21 – 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 13 – Right-of-use assets and lease liabilities. Payroll and related costs (€ million) 2021 2020 2019 Wages and salaries 2,182 2,193 2,417 Social security contributions 455 458 449 Cost related to employee benefit plans 165 102 85 Other costs 204 239 213 3,006 2,992 3,164 less: - capitalized direct costs associated with self-constructed assets - tangible assets (111) (118) (152) - capitalized direct costs associated with self-constructed assets - intangible assets (7) (11) (16) 2,888 2,863 2,996 Other costs comprised provisions for redundancy incentives of €94 million (€105 million and €45 million in 2020 and 2019, respectively) and costs for defined contribution plans of €97 million (€96 million and €99 million in 2020 and 2019, respectively). Cost related to employee benefit plans are described in note 22 – Provisions for employee benefits. Costs with related parties are disclosed in note 36 – Transactions with related parties. Average number of employees The Group average number and breakdown of employees by category is reported below: 2021 2020 2019 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 966 18 993 17 1,014 16 Junior managers 9,143 78 9,280 73 9,267 77 Employees 15,747 380 15,995 349 15,945 361 Workers 5,476 284 4,780 287 4,910 287 31,332 760 31,048 726 31,136 741 The average number of employees was calculated as the average between the number of employees at the beginning and the end of the period. 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 On April 13, 2017 and on May 13, 2020, the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 2017-2019 and 2020-2022 and empowered the Board of Directors to execute the Plan by authorizing it to dispose up to a maximum of 11 million of treasury shares in service of the plan 2017-2019 and 20 million in service of the plan 2020-2022. The Long-Term Monetary Incentive plans provide for three annual awards (2017, 2018 and 2019 and 2020, 2021 and 2022, 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 vesting period under the condition that they would remain in office until vesting. Considering that these incentives fall within the category of employee compensation, in accordance with IFRS, the cost of the plans is determined based on the fair value of the financial instruments awarded to the beneficiaries and the number of shares that are granted at the end of the vesting period; the cost is accruing along the vesting period. With reference to the 2017-2019 Plan, the number of shares that will be granted at the end of the vesting period will depend: (i) for 50%, on the market condition in terms of Total Shareholder Return (TSR) of the Eni share compared to the TSR of the FTSE Mib index of the Italian Stock Exchange Market, and to a group of Eni’s competitors (“Peer Group”) 27 28 With reference to the 2020-2022 Plan, the number of shares that will be granted at the end of the vesting period will depend: (i) for 25% on a market objective measured as the difference between the Total Shareholder Return (TSR) of Eni Shares and the TSR of the FTSE Mib Index of Italian Stock Exchange on a three-year period, adjusted with Eni's correlation index, compared with similar differences for each company of the Eni's group of competitors (Peer Group); (ii) for 20% on a relative parameter represented by an industrial objective measured in terms of annual unit value ($/boe) of the Net Present Value of Proven Reserves (NPV) compared with the analogous value of each company in the Peer Group, with a final outcome equal to the average annual results over the three-year period; (iii) for 20% on an absolute parameter represented by an economic-financial objective measured as the Organic Free Cash Flow accumulated in the three-year reference period, compared to the equivalent accumulated value provided for in the first three years of the Strategic Plan approved by the Board of Directors in the year of award and kept unchanged during the performance period. The verification of CFC targets is conducted net of external variables, using a gap-analysis approach approved by the Remuneration Committee, in order to assess the effective corporate performance deriving from the management action; (iv) for the remaining 35% on an environmental sustainability and energy transition objective in a three-year period consisting of three absolute objectives as follows: (a) for 15% to a decarbonisation objective measured in terms of Upstream Scope 1 and Scope 2 CO2eq equity emissions (tCO2eq/kboe) at the end of the three-year period compared with the same value expected in the third year of the Strategic Plan approved by the Board of Directors in the year of award and kept unchanged during the performance period; (b) for 10% on an energy transition objective measured in megawatts (MW) of installed capacity of power generation from renewable sources, at the end of the three-year performance period, compared with the same value expected in the third year of the Strategic Plan approved by the Board of Directors in the year of award and kept unchanged in the performance period; (c) for 10% on a circular economy objective measured in terms of progress of three important projects at the end of the three-year performance period, compared with the progress expected in the third year of the Strategic Plan approved by the Board of Directors in the year of award and kept unchanged during the performance period. Depending on the performance of the parameters mentioned above, the number of shares that will vest after three years may range between 0% and 180% of the initial award. Furthermore, 50% of the shares that will eventually vest is subject to a lock-up clause of one year after the vesting date. The number of shares awarded at the grant date was: (i) 2,365,581 shares in 2021,with a weighted average fair value of €8.15 per share; (ii) 2,922,749 shares in 2020, with a weighted average fair value of €4.67 per share ; (iii) 1,759,273 shares in 2019, with a weighted average fair value of €9.88 per share. The estimation of the fair value was calculated by adopting specific valuation techniques regarding the different performance parameters provided by the plan (the stochastic method for the component related to the TSR and the Black-Scholes model for the component related to the NPV of the reserves, for the 2017-2019 Plan; the stochastic method for the 2020-2022 Plan), taking into account the fair value of the Eni share at the grant date (between €11.642 and €12.164 depending on the grant date in relation to the 2021 award; between €5.885 and €8.303 depending on the grant date in relation to the 2020 award; €13.714 per share in 2019), reduced by dividends expected along the vesting period (between 7.1% and 7.4% of the share price at vesting date in 2021; 7.1% and 10.0% of the share price at vesting date in 2020; 6.1% of the share price at vesting date in 2019), considering the volatility of the stock (between 44% and 45% in relation to the 2021 award; 41% and 44% in relation to the 2020 award; 19% for attribution 2019), the forecasts for 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 2021, the costs related to the long-term monetary incentive plan, recognized as a component of the payroll cost, amounted to €16 million (€7 million in 2020; €9 million in 2019) with a contra-entry to equity reserves. 27 28 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) 2021 2020 2019 Wages and salaries 29 30 28 Post-employment benefits 3 2 2 Other long-term benefits 15 12 12 Indemnities upon termination of employment — 21 12 47 65 54 Compensation of Directors and Statutory Auditors of Eni SpA Compensation of Directors amounted to €10.13 million, €7.54 million and €9.2 million in 2021, 2020 and 2019, respectively. Compensation of Statutory Auditors amounted to €0.550 million, €0.571 million and €0.613 million in 2021, 2020 and 2019, 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, 2021 | |
Finance income (expense) | |
Finance income (expense) | 31 Finance income (expense) (€ million) 2021 2020 2019 Finance income (expense) Finance income 3,723 3,531 3,087 Finance expense (4,216) (4,958) (4,079) Net finance income (expense) from financial assets held for trading 11 31 127 Income (expense) from derivative financial instruments (306) 351 (14) (788) (1,045) (879) The analysis of finance income (expense) was as follows: (€ million) 2021 2020 2019 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (475) (517) (618) Net finance income (expense) on financial assets held for trading 11 31 127 Interest and other expense due to banks and other financial institutions (94) (102) (122) Interest on lease liabilities (304) (347) (378) Interest from banks 4 10 21 Interest and other income on financial receivables and securities held for non-operating purposes 9 12 8 (849) (913) (962) Exchange differences 476 (460) 250 Income (expense) from derivative financial instruments (306) 351 (14) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 67 97 112 Capitalized finance expense 68 73 93 Finance expense due to the passage of time (accretion discount) (a) (144) (190) (255) Other finance income (expense) (100) (3) (103) (109) (23) (153) (788) (1,045) (879) (a) Information about leases is disclosed in note 13— Right-of-use assets and lease liabilities. The analysis of derivative financial income (expense) is disclosed in note 24 – Derivative financial instruments and hedge accounting. Finance income (expense) with related parties are disclosed in note 36 — Transactions with related parties. |
Income (expense) from investmen
Income (expense) from investments | 12 Months Ended |
Dec. 31, 2021 | |
Income (expense) from investments | |
Income (expense) from investments | 32 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) 2021 2020 2019 Dividends 230 150 247 Net gain (loss) on disposals 1 — 19 Other net income (expense) (8) (75) 15 223 75 281 Dividend income primarily related to Nigeria LNG Ltd for €144 million (€113 million in 2020 and €186 million in 2019) and to Saudi European Petrochemical Co ‘IBN ZAHR’ for €54 million (€28 million in 2020 and €46 million in 2019). |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income taxes | |
Income taxes | 33 Income taxes (€ million) 2021 2020 2019 Current taxes: - Italian subsidiaries 439 199 347 - subsidiaries of the Exploration & Production segment - outside Italy 3,609 1,517 4,729 - other subsidiaries - outside Italy 157 84 152 4,205 1,800 5,228 Net deferred taxes: - Italian subsidiaries (45) 672 599 - subsidiaries of the Exploration & Production segment - outside Italy 552 73 (172) - other subsidiaries - outside Italy 133 105 (64) 640 850 363 4,845 2,650 5,591 Current income taxes payable by Italian subsidiaries include foreign taxes for €214 million and the effect of the additional Corporate tax as per Law 7/2009 for €97 million. The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24%(same amount in 2020 and 2019) and the effective tax charge is the following: (€ million) 2021 2020 2019 Profit (loss) before taxation 10,685 (5,978) 5,746 Tax rate (IRES) (%) 24.0 24.0 24.0 Statutory corporation tax charge (credit) on profit or loss 2,564 (1,435) 1,379 Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 2,301 1,980 2,934 - effect of the valuation of the investments under the equity method 180 97 9 - Italian regional income tax (IRAP) 140 107 25 - effect additional tax law no 7/2009 97 — — - impact pursuant to foreign tax effects of italian entities 108 108 105 - tax effects related to previous years 52 (30) 147 - effect due to the tax regime provided for intercompany dividends 54 96 65 - impact pursuant to the write-down of deferred tax assets (666) 1,785 938 - other adjustments 15 (58) (11) 2,281 4,085 4,212 Effective tax charge 4,845 2,650 5,591 The higher tax charges at non-Italian subsidiaries related to the Exploration & Production segment for €2,040 million (€1,777 million and €2,934 million in 2020 and in 2019, respectively). In 2020, the Group incurred income taxes, despite a pre-tax loss of €5,978 million, due to the economic crisis caused by the COVID-19 having an enduring impact on the hydrocarbons demand and by the revision of the long-term prices and of future cash flows in Eni's activities. The lower projections of future taxable income had two impacts: the recognition of tax charges due to a write-down of deferred tax assets and a reduced capacity to recognize deferred taxes on the losses of the period. |
Earnings (loss) per share
Earnings (loss) per share | 12 Months Ended |
Dec. 31, 2021 | |
Earnings (loss) per share | |
Earnings (loss) per share | 34 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. 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 in connection with stock-based compensation plans. As of December 31, 2021, the shares that could be potentially issued related the estimation of new shares that will vest in connection with the 2017-2019 and 2020–2022 long-term monetary incentive plans. 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, net of tax effect, calculated by using the amortized cost method. Reconciliation of the weighted average number of shares used for the calculation for both basic and diluted earnings (loss) per share was as follows: 2021 2020 2019 Weighted average number of shares used for basic earnings (loss) per share 3,565,973,883 3,572,549,651 3,592,249,603 Potential shares to be issued for ILT incentive plan 7,598,593 — 2,251,406 Weighted average number of shares used for diluted earnings per share 3,573,572,476 3,572,549,651 3,594,501,009 Eni’s net profit (loss) (€ million) 5,821 (8,635) 148 Remunaration of subordinated perpetual bonds net of tax effect (€ million) (95) — — Eni’s net profit (loss) for basic and diluted earnings (loss) per share (€ million) 5,726 (8,635) 148 Basic earnings (loss) per share (€ per share) 1.61 (2.42) 0.04 Diluted earnings (loss) per share (€ per share) 1.60 (2.42) 0.04 |
Segment information and informa
Segment information and information by geographical area | 12 Months Ended |
Dec. 31, 2021 | |
Segment information and information by geographical area | |
Segment information and information by geographical area | 35 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: ● ● In relation to financial reporting purposes, management evaluated that the components of the Company whose operating results are regularly reviewed by the Chief Operating Decision Maker (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 newly-established General Departments, rather than the two groups themselves. Therefore, in order to comply with the provisions of the international reporting standard that regulates the segment reporting (IFRS 8), the new reportable segments of Eni, substantially confirming the pre-existing setup, are identified as follows: ● Exploration & Production 2 ● Global Gas & LNG Portfolio (GGP) ● Refining & Marketing and Chemicals ● Plenitude & Power 2 ● Corporate and Other activities Segment information presented to the CEO (i.e. the Chief Operating Decision Maker, ex IFRS 8) includes: revenues, operating profit and directly attributable assets and liabilities. Segment Information Refining & Corporate Adjustments Exploration & Global Gas & Marketing Plenitude & and Other of intragroup (€ million) Production LNG Portfolio and Chemicals Power activities profits Total 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 10,066 899 45 2,355 (816) (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 (384) — (2) (1) — — (387) Share of profit (loss) of equity-accounted investments 8 — (333) — (766) — (1,091) Identifiable assets (a) 61,753 10,022 13,326 8,343 1,439 (591) 94,292 Unallocated assets (b) — — — — — — 43,473 Equity-accounted investments 2,639 17 2,366 667 198 — 5,887 Identifiable liabilities (a) 17,046 10,072 6,796 3,786 3,338 (49) 40,989 Unallocated liabilities (b) — — — — — — 52,257 Capital expenditure in tangible and intangible assets 3,861 19 728 443 187 (4) 5,234 2020 Sales from operations including intersegment sales 13,590 7,051 25,340 7,536 1,559 — — Less: intersegment sales (7,231) (1,689) (403) (401) (1,365) — — Sales from operations 6,359 5,362 24,937 7,135 194 — 43,987 Operating profit (610) (332) (2,463) 660 (563) 33 (3,275) Net provisions for contingencies (98) (64) (118) 2 (26) (45) (349) Depreciation and amortization (6,273) (125) (575) (217) (146) 32 (7,304) Impairments of tangible and intangible assets and right-of-use assets (2,170) (2) (1,605) (56) (22) — (3,855) Reversals of tangible and intangible assets 282 — 334 55 1 — 672 Write-off of tangible and intangible assets (322) — — (7) — — (329) Share of profit (loss) of equity-accounted investments (980) (15) (363) 6 (381) — (1,733) Identifiable assets (a) 59,439 4,020 10,716 4,387 1,444 (402) 79,604 Unallocated assets (b) — — — — — — 30,044 Equity-accounted investments 2,680 259 2,605 217 988 — 6,749 Identifiable liabilities (a) 17,501 3,785 5,460 2,426 3,316 (83) 32,405 Unallocated liabilities (b) — — — — — — 39,750 Capital expenditure in tangible and intangible assets 3,472 11 771 293 107 (10) 4,644 2019 Sales from operations including intersegment sales 23,572 11,779 42,360 8,448 1,676 — — Less: intersegment sales (13,073) (2,549) (384) (476) (1,472) — — Sales from operations 10,499 9,230 41,976 7,972 204 — 69,881 Operating profit 7,417 431 (682) 74 (688) (120) 6,432 Net provisions for contingencies (97) (234) (276) 5 (307) 51 (858) Depreciation and amortization (7,060) (124) (620) (190) (144) 32 (8,106) Impairments of tangible and intangible assets and right-of-use assets (1,347) — (1,127) (83) (13) — (2,570) Reversals of tangible and intangible assets 130 5 205 41 1 — 382 Write-off of tangible and intangible assets (292) — (6) (1) (1) — (300) Share of profit (loss) of equity-accounted investments 7 (21) (63) 10 (21) — (88) Identifiable assets (a) 68,915 4,092 13,569 4,068 1,643 (492) 91,795 Unallocated assets (b) — — — — — — 31,645 Equity-accounted investments 4,108 346 3,107 141 1,333 — 9,035 Identifiable liabilities (a) 20,164 3,836 6,272 2,380 3,890 (141) 36,401 Unallocated liabilities (b) — — — — — — 39,139 Capital expenditure in tangible and intangible assets 6,980 15 933 357 89 (14) 8,360 (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 Other European Rest of Other (€ million) Italy Union Europe Americas Asia Africa areas Total 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 2020 Identifiable assets (a) 17,228 4,159 3,174 4,485 16,360 33,341 857 79,604 Capital expenditure in tangible and intangible assets 1,198 152 119 441 1,267 1,443 24 4,644 2019 Identifiable assets (a) 19,346 7,237 1,151 5,230 17,898 40,021 912 91,795 Capital expenditure in tangible and intangible assets 1,402 306 9 1,017 1,685 3,886 55 8,360 (a) Include assets directly associated with the generation of operating profit. Sales from operations by geographical area of destination (€ million) 2021 2020 2019 Italy 29,968 14,717 23,312 Other European Union 14,671 9,508 18,567 Rest of Europe 12,470 8,191 6,931 Americas 4,420 2,426 3,842 Asia 7,891 4,182 8,102 Africa 7,040 4,842 8,998 Other areas 115 121 129 76,575 43,987 69,881 |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2021 | |
Transactions with related parties | |
Transactions with related parties | 36 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 Eni SpA through members of the Board of Directors. Most of these transactions are exempt from the application of the Eni internal procedure “Transactions involving interests of Directors and Statutory Auditors and transactions with related parties” pursuant to the Consob 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 research initiatives, are related to the ordinary course of Eni’s business. Transactions and balances with related parties (€ million) December 31, 2021 2021 Receivables Payables and other and other Other operating Name assets liabilities Guarantees Revenues Costs (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 11 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. (€ million) December 31, 2020 2020 Receivables Payables and other and other Other operating Name assets liabilities Guarantees Revenues Costs (expense) income Joint ventures and associates Agiba Petroleum Co 6 52 — — 201 — Angola LNG Supply Services Llc — — 165 — — — Coral FLNG SA 6 — 1,079 49 — Gas Distribution Company of Thessaloniki - Thessaly SA — 13 — — 52 — Saipem Group 87 254 509 18 350 — Karachaganak Petroleum Operating BV 25 141 — — 816 — Mellitah Oil & Gas BV 54 250 — 2 156 — Petrobel Belayim Petroleum Co 65 467 — — 556 — Societa Oleodotti Meridionali SpA 3 399 — 20 15 — Société Centrale Electrique du Congo SA 48 — — 57 — — Unión Fenosa Gas SA 11 4 57 9 — (3) Vår Energi AS 39 190 456 85 1,126 (118) Other (*) 72 24 1 66 167 416 1,794 2,267 306 3,439 (121) Unconsolidated entities controlled by Eni Eni BTC Ltd — — 165 — — — Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 112 1 1 11 — — Other 5 23 10 4 9 — 117 24 176 15 9 — 533 1,818 2,443 321 3,448 (121) Entities controlled by the Government Enel Group 104 165 — 51 551 86 Italgas Group 1 177 — 3 714 — Snam Group 189 211 — 45 1,012 — Terna Group 46 62 — 152 225 8 GSE - Gestore Servizi Energetici 52 37 — 586 309 40 Other (*) 8 49 — 20 63 — 400 701 — 857 2,874 134 Other related parties 1 4 — 2 53 — Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 87 52 — 19 262 — 1,021 2,575 2,443 1,199 6,637 13 ( * ) (€ million) December 31, 2019 2019 Receivables Payables and other and other Other operating Name assets liabilities Guarantees Revenues Costs (expense) income Joint ventures and associates Agiba Petroleum Co 3 71 — — 229 — Angola LNG Supply Services Llc — — 181 — — — Coral FLNG SA 15 — 1,168 71 — — Gas Distribution Company of Thessaloniki - Thessaly SA — 13 — — 53 — Saipem Group 75 227 510 27 503 — Karachaganak Petroleum Operating BV 33 198 — 1 1,134 — Mellitah Oil & Gas BV 57 171 — 3 365 — Petrobel Belayim Petroleum Co 50 1,130 — 7 1,590 — Unión Fenosa Gas SA 8 1 57 1 6 63 Vår Energi AS 32 143 482 63 1,481 (64) Other (*) 106 29 1 112 87 — 379 1,983 2,399 285 5,448 (1) Unconsolidated entities controlled by Eni Eni BTC Ltd — — 180 — — — Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 101 1 3 14 — — Other 5 25 14 6 18 — 106 26 197 20 18 — 485 2,009 2,596 305 5,466 (1) Entities controlled by the Government Enel Group 185 284 — 105 602 (8) Italgas Group 3 154 — 1 677 — Snam Group 278 229 — 71 1,208 — Terna Group 40 45 — 171 223 17 GSE - Gestore Servizi Energetici 26 24 — 549 468 11 Other 10 19 — 12 35 — 542 755 — 909 3,213 20 Other related parties 2 3 — 5 37 — Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 75 74 — 33 457 — 1,104 2,841 2,596 1,252 9,173 19 (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: ● ● ● ● ● ● ● ● ● ● The most significant transactions with entities controlled by the Italian Government concerned: ● ● ● ● Transactions with other related parties concerned: ● ● Financing transactions and balances with related parties (€ million) December 31, 2021 2021 Name Receivables Payables Guarantees Gains Charges 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 (*) (€ million) December 31, 2020 2020 Name Receivables Payables Guarantees Gains Charges Joint ventures and associates Angola LNG Ltd — — 228 — — Cardón IV SA 383 — — 57 — Coral FLNG SA 288 — — 22 1 Coral South FLNG DMCC — — 1,304 — — Saipem Group 2 167 — — 6 Société Centrale Electrique du Congo SA 83 — — 7 — Other 15 12 1 27 18 771 179 1,533 113 25 Unconsolidated entities controlled by Eni Other 36 28 — 1 — 36 28 — 1 — Entities controlled by the Government Other — 11 — — 1 — 11 — — 1 807 218 1,533 114 26 (€ million) December 31, 2019 2019 Name Receivables Payables Guarantees Gains Charges Joint ventures and associates Angola LNG Ltd — — 249 — — Cardón IV SA 563 5 — 77 — Coral FLNG SA 253 — — — 2 Coral South FLNG DMCC — — 1,425 — — Société Centrale Electrique du Congo SA 85 — — — 20 Other 18 14 2 18 14 919 19 1,676 95 36 Unconsolidated entities controlled by Eni Other 48 28 — 1 — 48 28 — 1 — Entities controlled by the Government Other 4 12 — — — 4 12 — — — 971 59 1,676 96 36 The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: ● ● ● ● 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: December 31, 2021 December 31, 2020 Related Related (€ million) Total parties Impact % Total parties Impact % Other current financial assets 4,308 55 1.28 254 41 16.14 Trade and other receivables 18,850 1,301 6.90 10,926 802 7.34 Other current assets 13,634 492 3.61 2,686 145 5.40 Other non-current financial assets 1,885 1,645 87.27 1,008 766 75.99 Other non-current assets 1,029 29 2.82 1,253 74 5.91 Short-term debt 2,299 233 10.13 2,882 52 1.80 Current portion of long-term debt 1,781 21 1.18 1,909 — — Current portion of non-current lease liabilities 948 17 1.79 849 54 6.36 Trade and other payables 21,720 2,298 10.58 12,936 2,100 16.23 Other current liabilities 15,756 339 2.15 4,872 452 9.28 Long-term debt 23,714 5 0.02 21,895 — — Non-current lease liabilities 4,389 1 0.02 4,169 112 2.69 Other non-current liabilities 2,246 415 18.48 1,877 23 1.23 The impact of transactions with related parties on the profit and loss accounts consisted of the following: 2021 2020 2019 Related Related Related (€ million) Total parties Impact % Total parties Impact % Total parties Impact % Sales from operations 76,575 3,000 3.92 43,987 1,164 2.65 69,881 1,248 1.79 Other income and revenues 1,196 52 4.35 960 35 3.65 1,160 4 0.34 Purchases, services and other (55,549) (8,644) 15.56 (33,551) (6,595) 19.66 (50,874) (9,173) 18.03 Net (impairment losses) reversals of trade and other receivables (279) (6) 2.15 (226) (6) 2.65 (432) 28 — Payroll and related costs (2,888) (21) 0.73 (2,863) (36) 1.26 (2,996) (28) 0.93 Other operating income (expense) 903 735 81.40 (766) 13 — 287 19 6.62 Finance income 3,723 79 2.12 3,531 114 3.23 3,087 96 3.11 Finance expense (4,216) (46) 1.09 (4,958) (26) 0.52 (4,079) (36) 0.88 Main cash flows with related parties are provided below: (€ million) 2021 2020 2019 Revenues and other income 3,052 1,199 1,252 Costs and other expenses (7,814) (5,789) (6,869) Other operating (expense) income 735 13 19 Net change in trade and other receivables and payables (342) (136) (839) Net interests 38 73 81 Net cash provided from operating activities (4,331) (4,640) (6,356) Capital expenditure in tangible and intangible assets (851) (842) (2,332) Net change in accounts payable and receivable in relation to investments (20) (370) (339) Change in financial receivables (105) (160) (241) Net cash used in investing activities (976) (1,372) (2,912) Change in financial and lease liabilities (13) 164 (817) Net cash used in financing activities (13) 164 (817) Total financial flows to related parties (5,320) (5,848) (10,085) The impact of cash flows with related parties consisted of the following: 2021 2020 2019 Related Related Related (€ million) Total parties Impact % Total parties Impact % Total parties Impact % Net cash provided from operating activities 12,861 (4,331) — 4,822 (4,640) — 12,392 (6,356) — Net cash used in investing activities (12,022) (976) 8.12 (4,587) (1,372) 29.91 (11,413) (2,912) 25.51 Net cash used in financing activities (2,039) (13) 0.64 3,253 164 5.04 (5,841) (817) 13.99 |
Other information about investm
Other information about investments | 12 Months Ended |
Dec. 31, 2021 | |
Other information about investments | |
Other information about investments | 37 Other information about investments Information on Eni’s investments as of December 31, 2021 The following section provides information about Eni’s subsidiaries, joint arrangements, associates and other significant investments as of December 31, 2021. Unless otherwise indicated, share capital is represented by ordinary shares directly held by the Group, while ownership interest corresponds to voting rights. Parent company Registered Country of Share % Company name office operation Currency Capital Shareholders Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 25.96 Ministero dell’Economia e delle Finanze 4.37 Eni SpA 1.83 Other shareholders 67.84 (#) Subsidiaries Exploration & Production Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Eni Angola SpA San Donato Milanese (MI) Angola EUR 20,200,000 Eni SpA 100.00 100.00 F.C. 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 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 100.00 100.00 F.C. 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 7,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Milanese (MI) Italy EUR 8,034,400 Eni SpA 99.96 99.96 F.C. Third parties 0.04 Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Outside Italy 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. 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 Tortola (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 AEP Ltd London (United Kingdom) Pakistan GBP 471,000 Eni UK Ltd 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 Angola Exploration BV Amsterdam (Netherlands) Angola EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Angola Production BV Amsterdam (Netherlands) Angola EUR 20,000 Eni International BV 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. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) Eni Bahrain BV Amsterdam (Netherlands) Bahrain EUR 20,000 Eni International BV 100.00 100.00 F.C. 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 China BV Amsterdam (Netherlands) China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SA Pointe - Noire (Republic of the Congo) Republic of the Congo USD 17,000,000 Eni E&P Holding BV 99.99 100.00 F.C. Eni Int. NA NV Sàrl (..) Eni International BV (..) 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 2,008 Eni International BV 100.00 100.00 F.C. Eni Denmark BV Amsterdam (Netherlands) Greenland EUR 20,000 Eni International BV 100.00 Eq. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltda Rio de Janeiro (Brazil) Brazil BRL 1,593,415,000 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 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 Gabon SA Libreville (Gabon) Gabon XAF 4,000,000,000 Eni International BV 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 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 India Ltd London (United Kingdom) India GBP 44,000,000 Eni Lasmo Plc 100.00 Eq. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Eni Indonesia Ltd London (United Kingdom) Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd Grand Cayman (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 99.99 100.00 F.C. Eni UK Ltd (..) 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 Ireland BV Amsterdam (Netherlands) Ireland EUR 20,000 Eni International 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 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. Eni 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 Middle East Ltd London (United Kingdom) United Kingdom 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 99.99 100.00 F.C. Eni LNS Ltd (..) Eni Montenegro BV Amsterdam (Netherlands) Republic of Montenegro EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Mozambique Engineering Ltd London (United Kingdom) United Kingdom GBP 1 Eni Lasmo Plc 100.00 100.00 F.C. Eni Mozambique LNG Holding 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 Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) 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 100.00 100.00 F.C. 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 Pakistan Ltd London (United Kingdom) Pakistan GBP 90,087 Eni ULX Ltd 100.00 100.00 F.C. Eni Pakistan (M) Ltd Sàrl Luxembourg (Luxembourg) Pakistan USD 20,000 Eni Oil Holdings BV 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) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni RAK BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 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 99.99 Eq. Eni Oil Holdings BV (..) Eni Rovuma Basin BV Amsterdam (Netherlands) Mozambique EUR 20,000 Eni Mozambique 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 100.00 100.00 F.C. Eni South China Sea Ltd Sàrl Luxembourg (Luxembourg) China USD 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. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) 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 Ukraine Shallow Waters BV (in liquidation) Amsterdam (Netherlands) Ukraine EUR 20,000 Eni Ukraine Hold.BV 100.00 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 Ventures Plc (in liquidation) London (United Kingdom) United Kingdom GBP 0 (a) Eni International BV 99.99 Co. 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. Eni Yemen Ltd London (United Kingdom) United Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. Eurl Eni Algérie Algiers (Algeria) Algeria DZD 1,000,000 Eni Algeria Ltd Sàrl 100.00 Eq. 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. (*) 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. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) “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 10,000 Eni Lasmo Plc 100.00 Eq. Liverpool Bay Ltd London (United Kingdom) United Kingdom USD 1 Eni ULX Ltd 100.00 Eq. 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 99.90 100.00 F.C. 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 SA 66.67 Co. Burren En.Congo Ltd 33.33 Zetah Kouilou Ltd Nassau (Bahamas) Republic of the Congo USD 2,000 Eni Congo SA 54.50 Co. Burren En.Congo Ltd 37.00 Third parties 8.50 Global Gas & LNG Portfolio Registered Country of Share % % Equity Consolidation or Company name office Operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Eni Corridor Srl San Donato Milanese (MI) Italy EUR 50,000 Eni SpA 100.00 Eq. 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. Trans Tunisian Pipeline Co SpA San Donato Milanese (MI) Tunisia EUR 1,098,000 Eni SpA 100.00 100.00 F.C. Outside Italy 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. Société de Service du Gazoduc Transtunisien SA - Sergaz SA Tunis (Tunisia) Tunisia TND 99,000 Eni International BV 66.67 66.67 F.C. Third parties 33.33 Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA Tunis (Tunisia) Tunisia TND 200,000 Eni International BV 99.85 100.00 F.C. Eni SpA 0.05 LNG Shipping SpA 0.05 Trans Tunis.P.Co SpA 0.05 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Refining & Marketing and Chemical Refining & Marketing Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Ecofuel SpA San Donato Milanese (MI) Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. Eni Fuel SpA Rome Italy EUR 59,944,310 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. Eni4Cities SpA San Donato Milanese (MI) Italy EUR 50,000 Ecofuel SpA 100.00 Eq. EniBioCh4in Alexandria Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 70.00 70.00 F.C. Third parties 30.00 EniBioCh4in Annia Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Appia Srl Società Agricola San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Aprilia Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Briona Srl Società Agricola San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Calandre Energia Srl Società Agricola San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Gardilliana Società Agricola Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Grupellum Società Agricola Srl San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 98.00 98.00 F.C. Third parties 2.00 EniBioCh4in Jonica Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Maddalena Società Agricola Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Medea Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Momo Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 95.00 95.00 F.C. Third parties 5.00 EniBioCh4in Mortara Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 95.00 95.00 F.C. Third parties 5.00 EniBioCh4in Pannellia BioGas Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Plovera Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 98.00 98.00 F.C. Third parties 2.00 EniBioCh4in Quadruvium Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Rhodigium Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in San Benedetto Po Srl Società Agricola San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Service BioGas Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. (*) Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) EniBioCh4in Società Agricola Il Bue Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in SpA San Donato Milanese (MI) Italy EUR 2,500,000 Ecofuel SpA 100.00 100.00 F.C. EniBioCh4in Vigevano Srl Società Agricola San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Villacidro Agricole Società Agricola Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. Petroven Srl Genova Italy EUR 918,520 Ecofuel SpA 100.00 100.00 F.C. Po' Energia Srl Società Agricola Bolzano Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. Raffineria di Gela SpA Gela (CL) Italy EUR 15,000,000 Eni SpA 100.00 100.00 F.C. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Third parties 20.00 Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. Outside Italy 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 International BV 75.00 100.00 F.C. Eni Deutsch.GmbH 25.00 Eni Benelux BV Rotterdam (Netherlands) Netherlands EUR 1,934,040 Eni International BV 100.00 100.00 F.C. Eni Deutschland GmbH Munich (Germany) Germany EUR 90,000,000 Eni International BV 89.00 100.00 F.C. Eni Oil Holdings 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 (former Eni Lubricants Trading (Shanghai) Co Ltd) Shanghai (China) China EUR 5,000,000 Eni International BV 100.00 100.00 F.C. Eni France Sàrl Lyon (France) France EUR 56,800,000 Eni International BV 100.00 100.00 F.C. Eni Iberia SLU Alcobendas (Spain) Spain EUR 17,299,100 Eni International BV 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 International BV (..) 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 International BV 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 Eq. 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 87.00 Eq. Third parties 13.00 Esain SA Quito (Ecuador) Ecuador USD 30,000 Eni Ecuador SA 99.99 100.00 F.C. Tecnoesa SA (..) Llc “Eni-Nefto” Moscow (Russia) Russia RUB 1,010,000 Eni International BV 99.01 Eq. Eni Oil Holdings BV 0.99 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 99.99 Eq. Esain SA (..) (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Chemical Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Versalis SpA San Donato Milanese (MI) Italy EUR 446,050,728.65 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. Padanaplast Srl Roccabianca (PR) Italy EUR 18,000,000 Finproject SpA 100.00 100.00 F.C. Outside Italy Asian Compounds Ltd Hong Kong (Hong Kong) Honk Kong HKD 1,000 Finproject Asia Ltd 100.00 100.00 F.C. Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest (Hungary) Hungary HUF 1,577,971.20 Versalis SpA 96.34 100.00 F.C. Versalis Deutsc.GmbH 1.83 Versalis Intern. SA 1.83 Finproject Asia Ltd Hong Kong (Honk Kong) Honk Kong USD 1,000 Finproject SpA 100.00 100.00 F.C. Finproject Brasil Industria De Solados Eireli Franca (Brazil) Brazil BRL 1,000,000 Finproject SpA 100.00 100.00 F.C. 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 100,000,000 Asian Compounds Ltd 99.00 100.00 F.C. Finproject Asia Ltd 1.00 Finproject Romania Srl Valea Lui Mihai (Romania) Romania RON 67,730 Finproject SpA 100.00 100.00 F.C. Finproject Singapore Pte Ltd Singapore (Singapore) Singapore SGD 100 Finproject Asia Ltd 100.00 100.00 F.C. Finproject Viet Nam Company Limited Hai Phong (Vietnam) Vietnam VND 19,623,250,000 Finproject Asia Ltd 100.00 100.00 F.C. Foam Creations (2008) Inc Quebec City (Canada) Canada CAD 1,215,000 Finproject SpA 100.00 100.00 F.C. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Foam Creations México SA de CV León (Mexico) Mexico MXN 19,138,165 Foam Creations (2008) 99.99 100.00 F.C. Finproject SpA (..) Padanaplast America Llc Wilmington (USA) USA USD 70,000 Finproject SpA 100.00 100.00 F.C. Padanaplast Deutschland GmbH Hannover (Germany) Germany EUR 25,000 Padanaplast Srl 100.00 100.00 F.C. Versalis Americas Inc Dover (USA) USA USD 100,000 Versalis Intern. 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 Intern. 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 SA Bruxelles (Belgium) Belgium EUR 15,449,173.88 Versalis SpA 59.00 100.00 F.C. Versalis Deutsc.GmbH 23.71 Dunastyr Zrt 14.43 Versalis France 2.86 Versalis Kimya Ticaret Limited Sirketi Istanbul (Turkey) Turkey TRY 20,000 Versalis Intern. SA 100.00 100.00 F.C. Versalis México S. de R.L. de CV Mexico City (Mexico) Mexico MXN 1,000 Versalis Intern. SA 99.00 100.00 F.C. Versalis SpA 1.00 Versalis Pacific (India) Private Ltd Mumbai (India) India INR 238,700 Versalis Sing. P. Ltd 99.99 Eq. Third parties (..) Versalis Pacific Trading (Shanghai) Co Ltd Shanghai (China) China CNY 1,000,000 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapore (Singapore) Singapore SGD 80,000 Versalis SpA 100.00 100.00 F.C. Versalis UK Ltd London (United Kingdom) United Kingdom GBP 4,004,042 Versalis SpA 100.00 100.00 F.C. Versalis Zeal Ltd Tokoradi (Ghana) Ghana GHS 5,650,000 Versalis Intern. 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 Share % % Equity Consolidation or Company name Registered office Country of operation h Currency Capital Shareholders Ownership ratio valutation method (*) In Italy |
Significant non-recurring event
Significant non-recurring events and operations | 12 Months Ended |
Dec. 31, 2021 | |
Significant non-recurring events and operations | |
Significant non-recurring events and operations | 38 Significant non-recurring events and operations In 2021, in 2020 and 2019, 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, 2021 | |
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 2021, in 2020 and 2019, no transactions deriving from atypical and/or unusual operations were reported. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent events | |
Subsequent events | 40 Subsequent events In March 2022, the Italian Government enacted a law that imposes a one-time expense on extra-profits of energy companies determined on the basis of certain transactions for the six-months ended March 31, 2022 compared to the same period in the prior year. Considering that further legislative action and implementation guidance are required and because the data required to determine the extra-profit are not fully available, management is not able to make a reliable estimate of the impact of the law on the consolidated financial statements. No further significant events were reported after December 31, 2021, apart from what is already included in the notes to these Financial Statements. |
Significant accounting polici_2
Significant accounting policies, estimates and judgements (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
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 1 2 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 2021 Consolidated Financial Statements included in the Annual Report on Form 20-F were approved by the Eni’s Board of Directors on April 7, 2022. 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 judgments 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 judgments 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 judgments, 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 described below. 1 2 |
Significant accounting estimates and judgements | 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 2021 Consolidated Financial Statements are affected by the effects of actions to address climate change and by the potential impact of the energy transition. In particular, the global pressure towards a low-carbon economy, increasingly restrictive regulatory requirements for Oil&Gas activities and hydrocarbons consumption, carbon pricing schemes, the technological evolution of alternative energy sources for transportation, as well as changes in consumer preferences could imply a structural decline of the demand for hydrocarbons in the medium-long term, an increase in operating costs and a higher risk of stranded assets for Eni. The Eni strategy provides for the achievement of carbon neutrality by 2050, in line with the provisions of the scenarios compatible with maintaining global warming within the 1.5°C threshold; furthermore, this strategy sets intermediate targets for 2030 and 2040 in terms of reduction in absolute emissions and carbon intensity. Scenarios adopted by management take into account policies, regulatory requirements and current and expected developments in technology and set out a development path of the future energy system, on the basis of an economic and demographic framework, analysis of existing and announced policies and technologies, identifying those which can reasonably reach maturity within the considered time horizon. Price variables reflect the best estimate by management of the fundamentals of several energy markets, which incorporates the ongoing and reasonably expected decarbonisation trends, and are subject to continuous benchmarking with the views of market analysts and peers. 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. For further information on sensitivity analyses performed on the values of assets considering the low carbon scenarios of international bodies, see Item 3 – Risk factors. |
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. To have power over an investee, the investor must have existing rights that give it the current ability to direct the relevant activities of the investee, i.e. the activities that significantly affect the investee’s returns. 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 3 4 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. 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; and (iii) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 5 3 4 5 |
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 ventures 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. 6 Under the equity method, investments are initially recognised at cost, allocating it, similarly to business combinations procedures, to the investee’s identifiable assets/liabilities; any excess of the cost of the investment over the share of the net fair value of the investee’s identifiable assets and liabilities is accounted for as goodwill, not separately recognised but included in the carrying amount of the investment. If this allocation is provisionally recognised at initial recognition, it can be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed at the acquisition date. Subsequently, the carrying amount is adjusted to reflect: (i) the investor’s share of the profit or loss of the investee after the date of acquisition, adjusted to account for depreciation, amortization and any impairment losses of the equity-accounted entity’s assets based on their fair values at the date of acquisition; and (ii) the investor’s share of the investee’s other comprehensive income. Distributions received from an equity-accounted investee reduce the carrying amount of the investment. In applying the equity method, consolidation adjustments are considered (see also the accounting policy for “Subsidiaries”). Losses arising from the application of the equity method in excess of the carrying amount of the investment, recognised in the profit and loss account within “Income (Expense) from investments”, reduce the carrying amount, net of the related expected credit losses (see below), of any financing receivables towards the investee for which settlement is neither planned nor likely to occur in the foreseeable future (the so-called long-term interests), which are, in substance, an extension of the investment in the investee. The investor’s share of any losses of an equity-accounted investee that exceeds the carrying amount of the investment and any long-term interests (the so-called net investment), is recognised in a specific provision only to the extent that the investor has incurred legal or constructive obligations or made payments on behalf of the investee. Whenever there is objective evidence of impairment (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the counterparty, etc.), 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 recognised in the profit and loss account within “Income (Expense) from investments”. The impairment reversal of the net investment shall not exceed the previously recognised impairment losses. 6 Joint ventures, associates and immaterial unconsolidated subsidiaries are accounted for at cost less any impairment losses, if this does not result in a misrepresentation of the Company's financial position and performance. The sale of equity interests with loss of joint control or significant influence over the investee 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 recognised as a result of the remeasurement of any investment retained in the former joint venture/associate at its fair value 7 8 7 8 |
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 when incurred. 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 year from the acquisition date, to reflect new information obtained about facts and circumstances that existed as of the acquisition date. 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 9 Fair value measurement principles are described in the accounting policy for “Fair value measurements”. 10 |
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 business combinations, 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. 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. In both cases, 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” 11 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. The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: Annual average Exchange rate at Annual average Exchange rate at Annual average Exchange rate at exchange rate December 31, exchange rate December 31, exchange rate December 31, (currency amount for 1 €) 2021 2021 2020 2020 2019 2019 U.S. Dollar 1.18 1.13 1.14 1.23 1.12 1.12 Pound Sterling 0.86 0.84 0.89 0.90 0.88 0.85 Australian Dollar 1.57 1.56 1.66 1.59 1.61 1.60 11 When the foreign subsidiary is partially owned, the cumulative exchange difference, that is attributable to the non-controlling interests, is allocated to and recognised as part of “Non-controlling interest”. |
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. 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. A similar scheme applies to service contracts. 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 to four years from the time of initial booking to the start of production. Estimated proved reserves are used in determining depreciation, amortisation and depletion charges (see the accounting policy for "UOP depreciation, depletion and amortisation"). 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. 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. 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 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 12 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 13 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). 14 In particular, the lease liability is initially recognised at the present value of the following lease payments 15 16 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 17 18 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. 12 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. 13 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. 14 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. 15 Eni, in accordance with the practical expedient allowed by the accounting standard, does not separate non-lease components from lease components except for main contracts related to upstream activities (drilling rigs), which provide for single payments relating to both lease and non-lease components. 16 Conversely, the other kinds of variable lease payments (e.g. payments that depend on the use of an underlying leased asset) are not included in the carrying amount of the lease liability, but are recognised in the profit and loss account as operating expenses over the lease term. 17 Initial direct costs are incremental costs of obtaining a lease that would not have been incurred if the lease had not been obtained. 18 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. 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. 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, making assumptions about the exercise of 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 used for tangible assets 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 amount to be amortised and the recoverability of the carrying amount are determined 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 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 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, allocable on a reasonable and consistent basis. Corporate assets not attributable to a single CGU are allocated to a group of CGUs. 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 19 19 For the recognition criteria of forestry certificates see the accounting policy for “Costs”. 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 Chemical business, the Power business and Retail & Renewables business, the riskiness is determined on the basis of a sample of comparable companies. For the E&P operating segment and R&M 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. 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. 20 20 Impairment losses recognised for goodwill in an interim period are not reversed also when, considering conditions existing in a subsequent interim period, they would have been recognised in a smaller amount or would not have been recognised. 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 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 expected future cash flows used for impairment analyses are based on judgmental assessments of future production volumes, prices and costs, considering available information at the date of review and 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 – Impairment review of tangible and intangible assets and right-of-use assets. |
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-month basis, or on a different time period (e.g. monthly), when it is justified by the use and the turnover of inventories of crude oil and petroleum products; the cost of inventories of the Chemical business is determined by applying the weighted average cost on an annual basis. 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 21 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. 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 fall into this category. Interest income on assets held for trading contributes to the fair value measurement of the instrument and is recognised in “Finance income (expense)”, within “Net finance income (expense) from financial assets held for trading”. 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 months, readily convertible to known amount of cash and subject to an insignificant risk of changes in value. 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. 22 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. 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. 23 21 22 The expected credit loss model is also adopted for issued financial guarantee contracts not measured at FVTPL. Expected credit losses recognised on issued financial guarantees are not material. 23 For credit exposures arising from intragroup transactions, the recovery rate is normally assumed equal to 100% taking into account, inter alia, the Group central treasury function which supports both financial and capital needs of subsidiaries. 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 (impairment losses) 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 – Trade and other receivables. 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. 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 where the interest rate is periodically adjusted to reflect changes in 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. Significant judgments: financial liabilities The Group’s companies can negotiate with suppliers an extension of payment terms, without the 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 and 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 expenditures expected to be required to settle the obligation at a discount rate that reflects the Company’s average borrowing rate taking into account the risks associated with the obligation. The change in provisions due to the passage of time is recognised within “Finance income (expense)”. 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 or more uncertain future events not wholly within the control of the Company; or (ii) present obligations arising from past events, whose amount cannot be reliably measured or whose settlement will probably not result in an outflow of resources embodying economic benefits. Contingent liabilities are not recognised in the financial statements but are disclosed. 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 or more uncertain future events not wholly within the control of the Company, are not recognised in financial statements unless the realisation of economic benefits is virtually certain. Contingent assets are disclosed when an inflow of economic benefits is probable. Contingent assets are assessed periodically to ensure that developments are appropriately reflected in the financial statements. 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 on 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 discount rate used to determine the provision and the timing of future cash outflows, as well as any related update, 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. 24 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. 24 With reference to the environmental liabilities assumed, the expected operating costs to be incurred for managing groundwater treatment plants are not included in the estimates of environmental liabilities because it is not possible to reliably define a time horizon within which the operations of the plant will be terminated. In this regard, Eni performs periodic reviews for any changes in facts and circumstances, including changes in regulatory framework and technology, that might require the recognition of the environmental liability. |
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 return on plan assets and the interest cost. 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. 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 months after the end of the annual reporting period in which the termination benefits are recognised; or (ii) for long-term benefits if the termination benefits are not expected to be settled wholly before twelve months after the end of the annual reporting period. |
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 including, among others, discount rates, expected rates of salary increases, mortality rates, estimated retirement dates and medical cost trends. 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. Differences in the amount of the net defined benefit liability (asset), deriving from 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. |
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 25 25 |
Revenue from contracts with customers | Revenue from contracts with customers Revenue from contracts with customers is recognised on the basis of the following five steps: (i) identifying the contract with the customer; (ii) identifying the performance obligations, that are promises in a contract to transfer goods and/or services to a customer; (iii) determining the transaction price; (iv) allocating the transaction price to each performance obligation on the basis of the relative stand-alone selling prices of each good or service; and (v) recognising revenue when (or as) a performance obligation is satisfied, that is when a promised good or service is transferred to a customer. A promised good or service is transferred when (or as) the customer obtains control of it. Control can be transferred over time or at a point in time. With reference to the most important products sold by Eni, revenue is generally recognised for: ● ● ● ● 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 year or less. If the consideration promised in a contract includes a variable amount, the Company estimates the amount of consideration to which it will be entitled in exchange for transferring the promised goods and/or services to a customer; in particular, the amount of consideration can vary because of discounts, refunds, incentives, price concessions, performance bonuses, penalties or if the price is contingent on the occurrence or non-occurrence of future events. 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 in which they are accrued, as well as on estimates about volumes consumed by customers. Considering the contractual obligations on the supply delivery points, revenue from sales of electricity and gas to retail customers includes costs for transportation and dispatching and in these cases the gross amount of consideration to which the Company is entitled is recognised. |
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 interpretation. The resolution of tax disputes, through negotiations with relevant taxation authorities or through litigation, could take several years to complete. The estimate of liabilities related to uncertain tax treatments requires complex judgments by management. After the initial recognition, these liabilities are periodically reviewed for any changes in facts and circumstances. 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. 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, 2021 | |
Significant accounting policies, estimates and judgements | |
Schedule of foreign exchange rates used to translate the financial statements into Parent's functional currency | The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: Annual average Exchange rate at Annual average Exchange rate at Annual average Exchange rate at exchange rate December 31, exchange rate December 31, exchange rate December 31, (currency amount for 1 €) 2021 2021 2020 2020 2019 2019 U.S. Dollar 1.18 1.13 1.14 1.23 1.12 1.12 Pound Sterling 0.86 0.84 0.89 0.90 0.88 0.85 Australian Dollar 1.57 1.56 1.66 1.59 1.61 1.60 |
IFRSs not yet adopted (Tables)
IFRSs not yet adopted (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
IFRSs not yet adopted | |
Schedule of change in classification of investment | Effect of the change in the classification of Mozambique Rovuma (€ million) Venture SpA Cash and cash equivalents 29 Other current assets 43 Current assets 72 Property, plant and equipment 1,318 Other non-current assets 42 Non-current assets 1,360 TOTAL ASSETS 1,432 Current financial liabilities 2 Other current liabilities 56 Current liabilities 58 Non-current financial liabilities 1,008 Provisions 7 Other non-current liabilities 4 Non-current liabilities 1,019 TOTAL LIABILITIES 1,077 TOTAL NET ASSETS 355 |
Business combinations and oth_2
Business combinations and other significant transactions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
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 2021 are shown in the following table: Portfolio of Portfolio of Aldro FRI-EL thirteen nine Other Energía Y Biogas onshore Dhamma renewable acquisitions Unión Soluciones Holding SpA wind Energy energy Finproject and Fenosa Gas SLU (now EniBioCh4in) facilities Group projects SpA Be Power Businesses Total Cash and cash equivalents 42 7 13 41 10 5 21 24 163 Current financial assets 150 29 6 23 208 Other current assets 370 78 23 32 2 7 92 22 6 632 Current assets 412 85 36 223 41 18 113 69 6 1,003 Property, plant and equipment 335 38 423 119 57 35 29 30 1,066 Goodwill 2 168 80 302 120 81 93 728 1,574 Other non-current assets 41 69 15 43 15 25 205 10 13 436 Non-current assets 378 237 133 768 254 163 333 767 43 3,076 TOTAL ASSETS 790 322 169 991 295 181 446 836 49 4,079 Current financial liabilities 35 36 11 79 4 102 267 Other current liabilities 224 37 7 22 4 2 54 30 380 Current liabilities 259 73 18 101 4 6 156 30 647 Non-current financial liabilities 135 7 16 327 140 39 4 38 12 718 Provisions 1 4 1 2 8 Deferred tax liabilities 15 7 62 8 8 35 135 Other non-current liabilities 181 14 1 12 10 2 2 24 246 Non-current liabilities 331 28 18 405 148 57 42 42 36 1,107 TOTAL LIABILITIES 590 101 36 506 152 63 198 72 36 1,754 Equity attributable to Eni 200 221 132 485 140 118 248 764 13 2,321 Non-controlling interest 1 3 4 TOTAL EQUITY 200 221 133 485 143 118 248 764 13 2,325 TOTAL LIABILITIES AND EQUITY 790 322 169 991 295 181 446 836 49 4,079 |
Financial assets held for tra_2
Financial assets held for trading (Tables) - Financial assets held for trading | 12 Months Ended |
Dec. 31, 2021 | |
Financial assets | |
Disclosure of financial assets held for trading | December 31, December 31, (€ million) 2021 2020 Bonds issued by sovereign states 1,149 1,223 Other 5,152 4,279 6,301 5,502 |
Schedule of financial assets held for trading including securities subject to lending in multiple currencies | The breakdown by currency is provided below: December 31, December 31, (€ million) 2021 2020 Euro 3,913 3,731 U.S. dollars 2,336 1,688 Other currencies 52 83 6,301 5,502 |
Schedule of financial assets held for trading by issuing entity and credit rating | December 31, December 31, (€ million) 2021 2020 Euro 3,913 3,731 U.S. dollars 2,336 1,688 Other currencies 52 83 6,301 5,502 |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Trade and other receivables | |
Schedule of analysis of trade and other receivables | December 31, December 31, (€ million) 2021 2020 Trade receivables 15,524 7,087 Receivables from divestments 8 21 Receivables from joint ventures in exploration and production activities 1,888 2,293 Other receivables 1,430 1,525 18,850 10,926 |
Schedule of credit risk exposure and expected losses relating to trade and other receivables based on internal ratings | 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 Plenitude (€ million) Low risk Medium Risk High Risk receivables customers Total December 31, 2021 Business customers 4,348 6,628 818 1,560 13,354 National Oil Companies and Public Administrations 331 884 1 2,674 3,890 Other counterparties 1,854 311 16 137 2,601 4,919 Gross amount 6,533 7,823 835 4,371 2,601 22,163 Allowance for doubtful accounts (25) (416) (69) (2,209) (594) (3,313) Net amount 6,508 7,407 766 2,162 2,007 18,850 Expected loss 0.4 5.3 8.3 50.5 22.8 14.9 December 31, 2020 Business customers 1,398 2,746 432 1,351 5,927 National Oil Companies and Public Administrations 841 620 7 2,653 4,121 Other counterparties 1,243 450 28 141 2,173 4,035 Gross amount 3,482 3,816 467 4,145 2,173 14,083 Allowance for doubtful accounts (32) (21) (29) (2,429) (646) (3,157) Net amount 3,450 3,795 438 1,716 1,527 10,926 Expected loss 0.9 0.6 6.2 58.6 29.7 22.4 |
Schedule of provision matrix | Ageing from 0 from 3 from 6 over (€ million) Not-past due to 3 months to 6 months to 12 months 12 months Total December 31, 2021 Plenitude customers: - Retail 1,291 70 55 92 337 1,845 - Middle 424 22 5 7 188 646 - Other 57 43 6 1 3 110 Gross amount 1,772 135 66 100 528 2,601 Allowance for doubtful accounts (63) (22) (27) (52) (430) (594) Net amount 1,709 113 39 48 98 2,007 Expected loss 3.6 16.3 40.9 52.0 81.4 22.8 December 31, 2020 Plenitude customers: - Retail 1,155 105 50 102 366 1,778 - Middle 75 16 3 8 232 334 - Other 61 61 Gross amount 1,291 121 53 110 598 2,173 Allowance for doubtful accounts (46) (23) (22) (57) (498) (646) Net amount 1,245 98 31 53 100 1,527 Expected loss 3.6 19.0 41.5 51.8 83.3 29.7 |
Schedule of trade and other receivables net of valuation allowance for doubtful accounts | (€ million) 2021 2020 Allowance for doubtful accounts - beginning of the year 3,157 3,246 Additions on trade and other performing receivables 202 112 Additions on trade and other defaulted receivables 348 231 Deductions on trade and other performing receivables (135) (82) Deductions on trade and other defaulted receivables (421) (275) Other changes 162 (75) Allowance for doubtful accounts - end of the year 3,313 3,157 |
Schedule of net (impairment losses) reversals of trade and other receivables | Net (impairment losses) reversals of trade and other receivables are disclosed as follows: (€ million) 2021 2020 2019 New or increased provisions (550) (343) (620) Net credit losses (66) (36) (45) Reversals 337 153 233 Net (impairment losses) reversals of trade and other receivables (279) (226) (432) |
Current and non-current inven_2
Current and non-current inventories (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Current and non-current inventories | |
Schedule of current and non-current inventories | December 31, December 31, (€ million) 2021 2020 Raw and auxiliary materials and consumables 1,001 706 Consumables for infrastructure and facility maintenance of perforation activities 1,611 1,580 Finished products and goods 3,452 1,603 Other 8 4 6,072 3,893 |
Income tax receivables and pa_2
Income tax receivables and payables (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income tax receivables and payables | |
Schedule of income tax receivables and payables | December 31, 2021 December 31, 2020 Receivables Payables Receivables Payables (€ million) Current Non Current Current Non Current Current Non Current Current Non Current Income taxes 195 108 648 374 184 153 243 360 |
Other assets and liabilities (T
Other assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other assets and liabilities | |
Schedule of other assets and liabilities | December 31, 2021 December 31, 2020 (€ million) Assets Liabilities Assets Liabilities Current Non-current Current Non-current Current Non-current Current Non-current Fair value of derivative financial instruments 12,460 51 12,911 115 1,548 152 1,609 162 Contract liabilities 482 726 1,298 394 Other Taxes 442 182 1,435 27 450 181 1,124 26 Other 732 796 928 1,378 688 920 841 1,295 13,634 1,029 15,756 2,246 2,686 1,253 4,872 1,877 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, plant and equipment | |
Schedule of property, plant and equipment | Other tangible E&P wells, E&P exploration E&P tangible assets in Land and plant and Other plant assets and assets in progress and (€ million) buildings machinery and machinery appraisal progress advances Total 2021 Net carrying amount - beginning of the year 1,128 39,648 3,299 1,341 7,118 1,409 53,943 Additions 18 8 277 380 3,413 854 4,950 Depreciation capitalized 28 90 118 Depreciation (*) (49) (5,421) (496) (5,966) Reversals 1,080 118 337 1,535 Impairment (101) (90) (768) (85) (582) (1,626) Write-off (1) (2) (331) (18) (352) Currency translation differences 2 2,956 66 106 546 12 3,688 Initial recognition and changes in estimates 200 (9) 4 195 Changes in the scope of consolidation 22 1,001 (199) (1,119) 43 (252) Transfers 50 3,841 409 (44) (3,797) (459) Other changes 2 120 (54) (28) 56 (30) 66 Net carrying amount - end of the year 1,071 42,342 3,850 1,244 6,545 1,247 56,299 Gross carrying amount - end of the year 4,175 149,117 30,618 1,244 10,485 3,107 198,746 Provisions for depreciation and impairments 3,104 106,775 26,768 3,940 1,860 142,447 2020 Net carrying amount - beginning of the year 1,218 46,492 3,632 1,563 7,412 1,875 62,192 Additions 12 6 229 265 3,127 768 4,407 Depreciation capitalized 4 100 104 Depreciation (*) (55) (5,642) (508) (6,205) Reversals 13 183 342 98 12 648 Impairment (82) (1,551) (972) (567) (582) (3,754) Write-off (1) (296) (7) (1) (305) Currency translation differences (2) (3,325) (75) (119) (605) (14) (4,140) Initial recognition and changes in estimates 870 (9) 94 955 Transfers 39 2,677 755 (47) (2,630) (794) Other changes (15) (62) (103) (20) 96 145 41 Net carrying amount - end of the year 1,128 39,648 3,299 1,341 7,118 1,409 53,943 Gross carrying amount - end of the year 4,082 136,468 28,839 1,341 11,169 2,742 184,641 Provisions for depreciation and impairments 2,954 96,820 25,540 4,051 1,333 130,698 (*) |
Schedule of depreciation rates | The main depreciation rates used were substantially unchanged from the previous year and ranged as follows: (%) Buildings 2 10 Mineral exploration wells and plants UOP 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) 2021 2020 2019 Costs for exploratory wells suspended - beginning of the year 1,268 1,246 1,101 Increases for which is ongoing the determination of proved reserves 288 408 368 Amounts previously capitalized and expensed in the year (286) (226) (183) Reclassification to successful exploratory wells following the estimation of proved reserves (43) (48) (46) Disposals (3) (15) Changes in the scope of consolidation (199) Currency translation differences 100 (112) 21 Other changes (24) Costs for exploratory wells suspended - end of the year 1,101 1,268 1,246 The following information relates to the stratification of the suspended wells pending final determination (ageing): 2021 2020 2019 (number of (number of (number of wells in Eni’s wells in Eni’s wells in Eni’s (€ million) interest) (€ million) interest) (€ million) interest) Costs capitalized and suspended for exploratory well activity - within 1 year 175 4.0 157 6.7 185 7.7 - between 1 and 3 years 269 12.2 250 11.0 171 6.4 - beyond 3 years 657 19.7 861 19.3 890 26.4 1,101 35.9 1,268 37.0 1,246 40.5 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 175 4.0 157 6.7 185 7.7 - fields for which the delineation campaign is in progress 567 17.9 631 14.9 556 11.3 - fields including commercial discoveries that proceeds to sanctioning 359 14.0 480 15.4 505 21.5 1,101 35.9 1,268 37.0 1,246 40.5 |
Schedule of unproved mineral interests | Unproved mineral interests, comprised in 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: United Arab (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt Emirates Total 2021 Carrying amount - beginning of the year 203 860 114 100 18 468 1,763 Additions 3 6 9 Net (impairments) reversals (1) 3 35 (2) 35 Reclassification to Proved Mineral Interest (48) (92) (1) (141) Currency translation differences 16 80 8 8 1 40 153 Carrying amount - end of the year 218 892 3 68 114 16 508 1,819 2020 Carrying amount - beginning of the year 253 939 139 162 115 19 535 2,162 Additions 55 2 57 Net (impairments) reversals (25) (134) (37) (196) Reclassification to Proved Mineral Interest (2) (61) (2) (25) (90) Currency translation differences (25) (79) (3) (11) (9) (1) (42) (170) Carrying amount - end of the year 203 860 114 100 18 468 1,763 |
Right-of-use assets and lease_2
Right-of-use assets and lease liabilities (Table) | 12 Months Ended |
Dec. 31, 2021 | |
Right-of-use assets and lease liabilities | |
Summary of information about right-of-use assets | Floating Naval facilities production and related logistic Motorway storage and offloading bases for oil and gas concessions and service Oil and gas distribution Office (€ million) vessels (FPSO) Drilling rig transportation stations facilities buildings Vehicles Other Total 2021 Net carrying amount - beginning of the year 2,672 244 446 424 11 652 32 162 4,643 Additions 215 583 104 23 34 40 105 1,104 Depreciation (a) (217) (170) (274) (63) (11) (122) (22) (49) (928) Impairment (25) (6) (14) (14) (59) Currency translation differences 213 12 11 3 8 6 253 Changes in the scope of consolidaion (6) 116 110 Other changes (1) (118) (166) (8) 5 52 (2) (64) (302) Net carrying amount at the end of the year 2,667 183 575 454 14 618 48 262 4,821 Gross carrying amount at the end of the year 3,366 572 1,268 666 66 948 84 433 7,403 Provisions for depreciation and impairment 699 389 693 212 52 330 36 171 2,582 2020 Net carrying amount - beginning of the year 3,153 313 497 460 6 707 32 181 5,349 Additions 79 193 281 49 22 65 24 95 808 Depreciation (a) (232) (189) (252) (57) (2) (118) (22) (56) (928) Impairment (21) (15) (11) (47) Currency translation differences (251) (13) (13) (8) (7) (292) Other changes (77) (60) (67) (7) 6 (2) (40) (247) Net carrying amount at the end of the year 2,672 244 446 424 11 652 32 162 4,643 Gross carrying amount at the end of the year 3,107 528 927 573 29 859 65 293 6,381 Provisions for depreciation and impairment 435 284 481 149 18 207 33 131 1,738 (a) Before capitalization of depreciation of tangible assets |
Summary of information about liabilities for leased assets | Liabilities for leased assets were as follows: Current portion of long-term Long-term (€ million) lease liabilities lease liabilities Total 2021 Book amount at the beginning of the year 849 4,169 5,018 Additions 1,102 1,102 Decreases (934) (5) (939) Currency translation differences 38 231 269 Changes in the scope of consolidation 14 89 103 Other changes 981 (1,197) (216) Book amount at the end of the year 948 4,389 5,337 2020 Book amount at the beginning of the year 889 4,759 5,648 Additions 808 808 Decreases (866) (3) (869) Currency translation differences (40) (269) (309) Other changes 866 (1,126) (260) Book amount at the end of the year 849 4,169 5,018 |
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: 2021 2020 2019 (€ million) Other income and revenues Income from remeasurement of lease liabilitiies 18 12 6 18 12 6 Purchases, services and other Short-term leases 85 67 115 Low-value leases 31 37 39 Variable lease payments not included in the measurement of lease liabilities 14 7 16 Capitalised direct cost associated with self-constructed assets - tangible assets (4) (2) (2) 126 109 168 Depreciation and impairments Depreciation of RoU leased assets 928 928 999 Capitalised direct cost associated with self-constructed assets - tangible assets (110) (96) (210) Impairment losses of RoU leased assets 59 47 41 877 879 830 Finance income (expense) from leases Interests on lease liabilities (304) (347) (378) Capitalised finance expense of ROU leased assets - tangible assets 5 7 17 Net currency translation differences on lease liabilities (34) 24 (6) (333) (316) (367) |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Intangible assets | |
Schedule of intangible assets | Industrial patents and Other intangible Intangible Other Exploration intellectual property assets with definite assets with definite intangible assets with indefinite (€ million) rights rights useful lives useful lives Goodwill useful lives Total 2021 Net carrying amount - beginning of the year 888 162 589 1,639 1,297 2,936 Additions 12 28 244 284 284 Amortization (30) (89) (168) (287) (287) Impairment (2) (14) (16) (22) (38) Reversals 21 21 21 Write-off (35) (35) (35) Changes in the scope of consolidation 11 226 237 1,574 24 1,835 Currency translation differences 57 2 59 13 72 Other changes 45 (34) 11 11 Net carrying amount at the end of the year 913 155 845 1,913 2,862 24 4,799 Gross carrying amount at the end of the year 1,707 1,709 4,843 8,259 Provisions for amortization and impairment 794 1,554 3,998 6,346 2020 Net carrying amount - beginning of the year 1,031 195 568 1,794 1,265 3,059 Additions 18 23 196 237 237 Amortization (53) (92) (130) (275) (275) Impairment (23) (7) (30) (24) (54) Reversals 24 24 24 Write-off (19) (5) (24) (24) Changes in the scope of consolidation 7 7 70 77 Currency translation differences (66) (3) (69) (14) (83) Other changes 41 (66) (25) (25) Net carrying amount at the end of the year 888 162 589 1,639 1,297 2,936 Gross carrying amount at the end of the year 1,613 1,623 4,399 7,635 Provisions for amortization and impairment 725 1,461 3,810 5,996 |
Schedule of amortization rates used | The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP Transport rights of natural gas 3 Other 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 4 - 20 |
Schedule of goodwill | (€ million) December 31, 2021 December 31, 2020 Plenitude 2,446 1,047 Refining & Marketing 173 93 Exploration & Production 139 146 Chemical 93 Corporate and Other activities 11 11 2,862 1,297 |
Exploration rights | |
Intangible assets | |
Schedule of intangible assets | (€ million) December 31, 2021 December 31, 2020 Proved licence and leasehold property acquisition costs 236 225 Unproved licence and leasehold property acquisition costs 677 653 Other mineral interests 10 913 888 |
Impairment review of tangible_2
Impairment review of tangible and intangible assets and right-of-use assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Impairment review of tangible and intangible assets and right-of-use assets | |
Schedule of sensitivity analysis and the main underlying assumptions of each elaboration | Value in use of the O&G CGUs Headroom vs Carrying amounts Assumption at 2050 in real terms USD 2020 tax-deductible non tax-deductible European gas CO 2 charges CO 2 charges Brent price price Cost of CO 2 Eni's scenario ~90 % — 46 $/bbl 6.2 $/mmBTU CO 2 IEA SDS WEO 2021 scenario 76 % 75 % 50 $/bbl 4.5 $/mmBTU 200/95 CO 2 (*) IEA NZE 2050 scenario 35 % 32 % 24 $/bbl 3.6 $/mmBTU 250/55 CO 2 (*) (*) Prices relating to advanced/emerging economies |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Investments | |
Schedule of equity accounted investments | 2021 2020 Investments in Investments in unconsolidated entities Joint unconsolidated entities Joint (€ million) controlled by Eni ventures Associates Total controlled by Eni ventures Associates Total Carrying amount - beginning of the year 80 2,832 3,837 6,749 86 4,592 4,357 9,035 Additions and subscriptions 1 558 103 662 2 75 198 275 Divestments and reimbursements (21) (231) (133) (385) — (3) (1) (4) Share of profit of equity-accounted investments 6 31 165 202 3 21 14 38 Share of loss of equity-accounted investments (3) (910) (381) (1,294) (2) (1,399) (332) (1,733) Deduction for dividends (25) (586) (16) (627) (5) (296) (13) (314) Changes in the scope of consolidation 5 355 — 360 3 30 1 34 Currency translation differences 2 83 296 381 (4) (254) (345) (603) Other changes (1) (75) (85) (161) (3) 66 (42) 21 Carrying amount - end of the year 44 2,057 3,786 5,887 80 2,832 3,837 6,749 |
Schedule of net carrying amount of equity-accounted investments | Net carrying amount related to the following companies: December 31, 2021 December 31, 2020 Net carrying % of the Net carrying % of the (€ million) amount investment amount investment Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 2 100.00 24 100.00 Other 42 — 56 — 44 — 80 — Joint ventures Vår Energi AS 645 69.85 1,144 69.85 Mozambique Rovuma Venture SpA 355 35.71 — — Cardón IV SA 279 50.00 199 50.00 Doggerbank Offshore Wind Farm Project 1 Holdco Ltd 246 20.00 — — Doggerbank Offshore Wind Farm Project 2 Holdco Ltd 238 20.00 — — Saipem SpA 137 31.20 908 31.08 Lotte Versalis Elastomers Co Ltd 54 50.00 51 50.00 Società Oleodotti Meridionali - SOM SpA 27 70.00 32 70.00 PetroJunín SA — 40.00 50 40.00 Unión Fenosa Gas SA — — 242 50.00 Gas Distribution Company of Thessaloniki - Thessaly SA — — 140 49.00 Other 76 — 66 — 2,057 — 2,832 — Associates Abu Dhabi Oil Refining Co (Takreer) 2,151 20.00 2,335 20.00 Angola LNG Ltd 1,084 13.60 1,039 13.60 Coral FLNG SA 156 25.00 138 25.00 Novis Renewables Holdings Llc 75 49.00 65 49.00 United Gas Derivatives Co 75 33.33 58 33.33 Bluebell Solar Class A Holdings II Llc 71 99.00 — — ADNOC Global Trading Ltd 42 20.00 — 20.00 Finproject SpA — — 73 40.00 Other 132 — 129 — 3,786 — 3,837 — 5,887 — 6,749 — |
Schedule of market value of investments listed in regulated stock markets | As of December 31, 2021, the market value of the investments listed in regulated stock markets was as follows: Saipem SpA Number of shares held 308,767,968 % of the investment 31.20 Share price (€) 1,845 Market value (€ million) 570 Book value (€ million) 137 |
Schedule of additional information about other investments | (€ million) 2021 2020 Carrying amount – beginning of the year 957 929 Additions and subscriptions 175 8 Change in the fair value with effect to OCI 105 24 Divestments and reimbursements — (12) Currency translation differences 57 (61) Other changes — 69 Carrying amount – end of the year 1,294 957 |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other financial assets | |
Schedule of other financial assets | December 31, 2021 December 31, 2020 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 17 1,832 29 953 Short-term financing receivables held for operating purposes 39 — 22 — 56 1,832 51 953 Financing receivables held for non-operating purposes 4,252 — 203 — 4,308 1,832 254 953 Securities held for operating purposes — 53 — 55 4,308 1,885 254 1,008 |
Schedule of financial receivables net of allowance for doubtful accounts | (€ million) 2021 2020 Carrying amount at the beginning of the year 352 379 Additions 41 7 Deductions (15) (7) Currency translation differences 25 (26) Other changes — (1) Carrying amount at the end of the year 403 352 |
Schedule of securities per issuing entity | Amortized cost Nominal value Fair Value Nominal rate of Rating - (€ million) (€ million) (€ million) return (%) Maturity date Moody’s Rating - S&P Sovereign states Fixed rate bonds Italy 24 24 24 from 0.0 to 1.75 from 2022 to 2031 Baa3 BBB Others (*) 16 16 16 from 0.00 to 0.20 from 2023 to 2025 from Aa3 to Baa1 from AA to A Floating rate bonds Italy 11 11 11 from 0.22 to 0.43 from 2022 to 2025 Baa3 BBB Others 2 2 2 1.10 2022 Baa2 BBB Total sovereign states 53 53 53 (*) Amounts included herein are lower than €10 million. |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Trade and other payables | |
Schedule of trade and other payables | December 31, December 31, (€ million) 2021 2020 Trade payables 16,795 8,679 Down payments and advances from joint ventures in exploration & production activities 552 417 Payables for purchase of non-current assets 1,732 1,393 Payables due to partners in exploration & production activities 1,188 1,120 Other payables 1,453 1,327 21,720 12,936 |
Finance debts (Tables)
Finance debts (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Statements | |
Schedule of finance debts | December 31, 2021 December 31, 2020 Current Current portion of portion of Short-term long-term Long-term Short-term long-term Long-term (€ million) debt debt debt Total debt debt debt Total Banks 362 347 4,650 5,359 337 759 3,193 4,289 Ordinary bonds — 913 18,049 18,962 — 1,140 18,280 19,420 Convertible bonds — 399 — 399 — — 396 396 Sustainability-Linked Bond — 2 996 998 — — — — Commercial papers 836 — — 836 2,233 — — 2,233 Other financial institutions 1,101 120 19 1,240 312 10 26 348 2,299 1,781 23,714 27,794 2,882 1,909 21,895 26,686 |
Schedule of fair value of long-term debt | Fair value of long-term debt, including the current portion of long-term debt is described below: December 31, December 31, (€ million) 2021 2020 Ordinary bonds and Sustainability-Linked Bond 23,070 22,429 Convertible bonds 513 497 Banks 5,029 4,008 Other financial institutions 138 36 28,750 26,970 |
Schedule of changes in liabilities arising from financing activities | Long-term debt Long-term and current and current Short-term portion of long-term lease (€ million) portion of long-term debt debt liabilities Total Carrying amount at December 31, 2020 23,804 2,882 5,018 31,704 Cash flows 666 (910) (939) (1,183) Currency translation differences 255 153 303 711 Changes in the scope of consolidation 545 160 103 808 Other non-monetary changes 225 14 852 1,091 Carrying amount at December 31, 2021 25,495 2,299 5,337 33,131 Carrying amount at December 31, 2019 22,066 2,452 5,648 30,166 Cash flows 2,178 937 (869) 2,246 Currency translation differences (348) (528) (333) (1,209) Changes in the scope of consolidation 64 22 4 90 Other non-monetary changes (156) (1) 568 411 Carrying amount at December 31, 2020 23,804 2,882 5,018 31,704 |
Currency | |
Statements | |
Schedule of finance debts | The following table provides a breakdown by currency of finance debt and the related weighted average interest rates: December 31, 2021 December 31, 2020 Long term Long term debt and debt and current current Short term portion of long Short term portion of long debt Average rate term debt Average rate debt Average rate term debt Average rate (€ million) (%) (€ million) (%) (€ million) (%) (€ million) (%) Euro 1,356 — 20,399 1.5 1,004 — 19,142 1.7 U.S. dollar 928 0.2 5,096 3.8 1,870 1.1 4,522 4.6 Other currencies 15 (0.3) — — 8 (0.5) 140 4.3 2,299 — 25,495 — 2,882 — 23,804 — |
Ordinary Bonds | |
Statements | |
Schedule of finance debts | The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2021: Discount on bond issue and accrued Maturity Rate % (€ million) Amount expense Total Currency from to from to Issuing entity Euro Medium Term Notes Eni SpA 1,000 29 1,029 EUR 2029 3.625 Eni SpA 1,200 15 1,215 EUR 2025 3.750 Eni SpA 1,000 13 1,013 EUR 2023 3.250 Eni SpA 1,000 10 1,010 EUR 2026 1.500 Eni SpA 1,000 10 1,010 EUR 2031 2.000 Eni SpA 1,000 3 1,003 EUR 2030 0.625 Eni SpA 1,000 1 1,001 EUR 2026 1.250 Eni SpA 900 (1) 899 EUR 2024 0.625 Eni SpA 800 1 801 EUR 2028 1.625 Eni SpA 750 11 761 EUR 2024 1.750 Eni SpA 750 7 757 EUR 2027 1.500 Eni SpA 750 (4) 746 EUR 2034 1.000 Eni SpA 700 3 703 EUR 2022 0.750 Eni SpA 650 4 654 EUR 2025 1.000 Eni SpA 600 (3) 597 EUR 2028 1.125 Eni Finance International SA 1,545 (4) 1,541 USD 2026 2027 variable Eni Finance International SA 795 7 802 EUR 2025 2043 1.275 5.441 15,440 102 15,542 Other bonds Eni SpA 883 7 890 USD 2023 4.000 Eni SpA 883 4 887 USD 2028 4.750 Eni SpA 883 — 883 USD 2029 4.250 Eni SpA 309 1 310 USD 2040 5.700 Eni USA Inc 353 — 353 USD 2027 7.300 CEF3 Wind Energy SpA 99 (2) 97 EUR 2025 2.010 3,410 10 3,420 18,850 112 18,962 |
Convertible Bonds | |
Statements | |
Schedule of finance debts | The following table provides a breakdown of convertible bonds issued by Eni SpA as of December 31, 2021: Discount on bond issue and accrued (€ million) Amount expense Total Currency Maturity Rate % Eni SpA 400 (1) 399 EUR 2022 0.000 |
Sustainability-linked bond | |
Statements | |
Schedule of finance debts | Information relating to the sustainability-linked bond is as follows: Discount on bond issue and accrued (€ million) Amount expense Total Currency Maturity Rate% Eni SpA 1,000 (2) 998 EUR 2,028 0.375 |
Information on net borrowings (
Information on net borrowings (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Information on net borrowings | |
Schedule of net borrowings | Management believes that net borrowings is a useful measure of Eni’s financial condition as it provides insight about the soundness of Eni’s capital structure and the ways by which Eni’s operating assets are financed. December 31, December 31, (€ million) 2021 2020 A. Cash 2,758 2,500 B. Cash equivalents 5,496 6,913 C. Other current financial assets 10,553 5,705 D Liquidity (A+B+C) 18,807 15,118 E. Current financial debt 3,613 4,022 F. Current portion of non-current financial debt 1,415 1,618 G. Current financial indebtedness (E+F) 5,028 5,640 H. Net current financial indebtedness (G-D) (13,779) (9,478) I. Non-current financial debt 9,058 7,388 J. Debt instruments 19,045 18,676 K. Non-current trade and other payables — — L. Non-current financial indebtedness (I+J+K) 28,103 26,064 M. Total financial indebtedness (H+L) 14,324 16,586 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Provisions | |
Schedule of provisions for contingencies | Loss adjustments Provision Provisions and for site for actuarial Provision restoration, taxes provisions Provision for Provision abandonment Provision other than for Eni’s for OIL for and social Environmental for income insurance losses on insurance redundancy (€ million) projects provision litigations taxes companies investments cover incentives Other Total Carrying amount at December 31, 2020 9,362 2,263 385 170 258 198 95 53 654 13,438 New or increased provisions — 289 234 34 102 15 2 1 219 896 Initial recognition and changes in estimates 195 — — — — — — — — 195 Accretion discount 153 (9) — — — — — — — 144 Reversal of utilized provisions (469) (313) (90) (9) (63) — — (3) (308) (1,255) Reversal of unutilized provisions — (10) (72) (8) — (16) (4) (36) (45) (191) Currency translation differences 445 2 21 8 — 3 1 — 8 488 Other changes (65) (16) (26) 16 (2) (5) (1) — (23) (122) Carrying amount at December 31, 2021 9,621 2,206 452 211 295 195 93 15 505 13,593 |
Provisions for employee benef_2
Provisions for employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Provisions for employee benefits | |
Schedule of provision for employee benefits | (€ million) December 31, 2021 December 31, 2020 Italian defined benefit plans 227 258 Foreign defined benefit plans 129 493 FISDE, foreign medical plans and other 162 182 Defined benefit plans 518 933 Other benefit plans 301 268 Provision for employee benefits 819 1,201 |
Schedule of present value of employee benefits, estimated by applying actuarial techniques | Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: 2021 2020 FISDE, FISDE, foreign foreign Italian Foreign medical Italian Foreign medical defined defined plans Defined Other defined defined plans Defined Other benefit benefit and benefit benefit benefit benefit and benefit benefit (€ million) plans plans other plans plans Total plans plans other plans plans Total Present value of benefit liabilities at beginning of year 258 1,140 182 1,580 268 1,848 269 1,044 177 1,490 278 1,768 Current service cost 1 16 3 20 49 69 — 23 3 26 50 76 Interest cost 1 24 1 26 — 26 2 27 2 31 1 32 Remeasurements: — (118) (6) (124) (11) (135) 5 48 13 66 4 70 - actuarial (gains) losses due to changes in demographic assumptions (1) (3) (4) (8) (1) (9) (3) (10) 2 (11) 2 (9) - actuarial (gains) losses due to changes in financial assumptions (1) (111) 3 (109) 2 (107) 9 71 13 93 5 98 - experience (gains) losses 2 (4) (5) (7) (12) (19) (1) (13) (2) (16) (3) (19) Past service cost and (gain) loss on settlements — — — 107 107 — (2) — (2) 20 18 Plan contributions: — 1 — 1 — 1 — 1 — 1 — 1 - employee contributions — 1 — 1 — 1 — 1 — 1 — 1 Benefits paid (36) (39) (8) (83) (56) (139) (20) (33) (9) (62) (63) (125) Currency translation differences and other changes 3 (263) (10) (270) (56) (326) 2 32 (4) 30 (22) 8 Present value of benefit liabilities at end of year (a) 227 761 162 1,150 301 1,451 258 1,140 182 1,580 268 1,848 Plan assets at beginning of year — 648 — 648 — 648 — 632 — 632 — 632 Interest income — 12 — 12 — 12 — 15 — 15 — 15 Return on plan assets — (5) — (5) — (5) — 51 — 51 — 51 Past service cost and (gains) losses settlements — — — — — — — (3) — (3) — (3) Plan contributions: — 15 — 15 — 15 — 15 — 15 — 15 - employee contributions — 1 — 1 — 1 — 1 — 1 — 1 - employer contributions — 14 — 14 — 14 — 14 — 14 — 14 Benefits paid — (28) — (28) — (28) — (21) — (21) — (21) Currency translation differences and other changes — (9) — (9) — (9) — (41) — (41) — (41) Plan assets at end of year (b) — 633 — 633 — 633 — 648 — 648 — 648 Asset ceiling at beginning of year — 1 — 1 — 1 — — — — — — Change in asset ceiling — — — — — — — 1 — 1 — 1 Asset ceiling at end of year (c) — 1 — 1 — 1 — 1 — 1 — 1 Net liability recognized at end of year (a-b+c) 227 129 162 518 301 819 258 493 182 933 268 1,201 |
Schedule of costs charged to profit and loss account and other comprehensive income | Costs charged to the profit and loss account, valued using actuarial assumptions, consisted of the following: FISDE, Italian Foreign foreign defined defined medical Defined Other benefit benefit plans and benefit benefit (€ million) plans plans other plans plans Total 2021 Current service cost 1 16 3 20 49 69 Past service cost and (gains) losses on settlements — — — — 107 107 Interest cost (income), net: — — - interest cost on liabilities 1 24 1 26 — 26 - interest income on plan assets — (12) (12) — (12) Total interest cost (income), net 1 12 1 14 — 14 - of which recognized in “Payroll and related cost” — — — — — — - of which recognized in “Financial income (expense)” 1 12 1 14 — 14 Remeasurements for long-term plans — (11) (11) Total 2 28 4 34 145 179 - of which recognized in “Payroll and related cost” 1 16 3 20 145 165 - of which recognized in “Financial income (expense)” 1 12 1 14 — 14 2020 Current service cost — 23 3 26 50 76 Past service cost and (gains) losses on settlements — 1 — 1 20 21 Interest cost (income), net: — — — — — - interest cost on liabilities 2 27 2 31 1 32 - interest income on plan assets — (15) — (15) — (15) Total interest cost (income), net 2 12 2 16 1 17 - of which recognized in “Payroll and related cost” — 1 1 - of which recognized in “Financial income (expense)” 2 12 2 16 — 16 Remeasurements for long-term plans — 4 4 Total 2 36 5 43 75 118 - of which recognized in “Payroll and related cost” — 24 3 27 75 102 - of which recognized in “Financial income (expense)” 2 12 2 16 — 16 Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2021 2020 FISDE, FISDE, Italian foreign Italian Foreign foreign defined Foreign medical defined defined medical benefit defined plans and benefit benefit plans and (€ million) plans benefit plans other Total plans plans other Total Remeasurements Actuarial (gains)/losses due to changes in demographic assumptions (1) (3) (4) (8) (3) (10) 2 (11) Actuarial (gains)/losses due to changes in financial assumptions (1) (111) 3 (109) 9 71 13 93 Experience (gains) losses 2 (4) (5) (7) (1) (13) (2) (16) Return on plan assets — 5 — 5 — (51) — (51) Change in asset ceiling — — — — — 1 — 1 — (113) (6) (119) 5 (2) 13 16 |
Schedule of plan assets | Plan assets consisted of the following: Assets Cash and held by cash Equity Debt Real Investment insurance (€ million) equivalents securities securities estate Derivatives funds company Other Total December 31, 2021 Plan assets with a quoted market price 95 43 299 8 3 1 23 157 629 Plan assets without a quoted market price 4 4 95 43 299 8 3 1 27 157 633 December 31, 2020 Plan assets with a quoted market price 117 38 297 8 2 76 20 87 645 Plan assets without a quoted market price 3 3 117 38 297 8 2 76 23 87 648 |
Schedule of actuarial assumptions used in measurement of defined benefit liabilities and estimated cost | FISDE, foreign Other Italian defined Foreign defined medical plans benefit benefit plans benefit plans and other plans 2021 Discount rate (%) 1.0 0.3-15.3 1.0 0.0-1.0 Rate of compensation increase (%) 2.8 1.5-12.5 Rate of price inflation (%) 1.8 0.7-13.3 1.8 1.8 Life expectations on retirement at age 65 (years) 13-25 24 2020 Discount rate (%) 0.3 0.1-14.7 0.3 0.0-0.3 Rate of compensation increase (%) 1.8 1.3-12.5 Rate of price inflation (%) 0.8 0.8-12.2 0.8 0.8 Life expectations on retirement at age 65 (years) 13-26 24 |
Schedule of analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans | 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: Foreign Euro Rest Other defined area of Europe Africa areas benefit plans 2021 Discount rate (%) 0.9-1.2 0.3-1.9 3.0-15.3 6.7 0.3 - 15.3 Rate of compensation increase (%) 1.5-3.0 2.5-4.0 1.9-12.5 5.0 1.5 - 12.5 Rate of price inflation (%) 1.5-1.9 0.7-3.5 3.0-13.3 3.0 0.7 - 13.3 Life expectations on retirement at age 65 (years) 21-23 23-25 13-15 — 13 - 25 2020 Discount rate (%) 0.4-0.8 0.1-1.4 2.6-14.7 6.4-9.8 0.1 - 14.7 Rate of compensation increase (%) 1.3-3.0 2.5-3.6 2.0-12.5 5.0-9.8 1.3 - 12.5 Rate of price inflation (%) 1.3-1.9 0.8-3.1 2.6-12.2 3.0-5.0 0.8 - 12.2 Life expectations on retirement at age 65 (years) 21-22 23-26 13-17 — 13 - 26 |
Schedule of effect of possible changes in actuarial assumptions | Rate of Rate Rate of Healthcare increases to of price increases in cost pensions in Discount rate inflation pensionable salaries trend rate payment (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2021 Italian defined benefit plans (9) 9 6 — — — Foreign defined benefit plans (49) 55 34 11 — 28 FISDE, foreign medical plans and other (10) 11 — — 10 — Other benefit plans (4) 1 1 — — — December 31, 2020 Italian defined benefit plans (10) 6 7 — — — Foreign defined benefit plans (84) 92 47 25 — 67 FISDE, foreign medical plans and other (10) 7 — — 11 — Other benefit plans (3) 1 1 — — — |
Schedule of analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration | The following is an analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration: Foreign FISDE, foreign Italian defined defined benefit medical plans Other benefit (€ million) benefit plans plans and other plans December 31, 2021 2022 16 23 9 83 2023 16 24 7 80 2024 18 29 7 69 2025 20 24 7 25 2026 20 25 7 11 2027 and thereafter 137 4 125 33 Weighted average duration (years) 9.8 17.6 13.6 3.1 December 31, 2020 2021 12 44 8 71 2022 13 42 7 66 2023 17 50 7 63 2024 20 63 7 16 2025 21 67 7 12 2026 and thereafter 175 227 146 40 Weighted average duration (years) 8.2 19.1 13.7 2.8 |
Deferred tax assets and liabi_2
Deferred tax assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Deferred tax assets and liabilities | |
Schedule of deferred tax assets and liabilities | (€ million) December 31, 2021 December 31, 2020 Deferred tax liabilities before offsetting 10,668 8,581 Deferred tax assets available for offset (5,833) (3,057) Deferred tax liabilities 4,835 5,524 Deferred tax assets before offsetting (net of accumulated write-down provisions) 8,546 7,166 Deferred tax liabilities available for offset (5,833) (3,057) Deferred tax assets 2,713 4,109 |
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: Carrying Carrying amount at amount at December 31, December 31, (€ million) 2021 2020 Deferred tax liabilities Accelerated tax depreciation 7,346 6,171 Leasing 1,076 1,089 Derivative financial instruments 916 27 Difference between the fair value and the carrying amount of assets acquired 408 415 Site restoration and abandonment (tangible assets) 166 199 Application of the weighted average cost method in evaluation of inventories 87 56 Other 669 624 10,668 8,581 Deferred tax assets, gross Carry-forward tax losses (7,374) (6,983) Site restoration and abandonment (provisions for contingencies) (2,400) (2,211) Timing differences on depreciation and amortization (2,354) (2,206) Impairment losses (1,417) (1,213) Accruals for impairment losses and provisions for contingencies (1,095) (1,371) Leasing (1,091) (1,113) Derivative financial instruments (343) (2) Over/Under lifting (219) (211) Employee benefits (155) (213) Unrealized intercompany profits (71) (117) Other (631) (591) (17,150) (16,231) Accumulated write-downs of deferred tax assets 8,604 9,065 Deferred tax assets, net (8,546) (7,166) |
Schedule of changes in deferred tax liabilities and assets | The following table summarizes the changes in deferred tax liabilities and assets: Accumulated Deferred tax Deferred tax Deferred tax write-downs of assets, net of (€ million) liabilities, gross assets, gross deferred tax assets impairments Carrying amount at December 31, 2020 8,581 (16,231) 9,065 (7,166) Additions 1,977 (1,783) 270 (1,513) Deductions (765) 1,804 (863) 941 Currency translation differences 683 (682) 186 (496) Other changes 192 (258) (54) (312) Carrying amount at December 31, 2021 10,668 (17,150) 8,604 (8,546) Carrying amount at December 31, 2019 9,583 (15,767) 6,744 (9,023) Additions 960 (2,649) 2,638 (11) Deductions (1,326) 1,357 (130) 1,227 Currency translation differences (725) 742 (192) 550 Other changes 89 86 5 91 Carrying amount at December 31, 2020 8,581 (16,231) 9,065 (7,166) |
Derivative financial instrume_2
Derivative financial instruments and hedge accounting (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Derivative financial instruments and hedge accounting | |
Schedule of derivative financial instruments | 74 December 31, 2021 December 31, 2020 Fair value Fair value Level of Fair Fair value Fair value Level of Fair (€ million) asset liability value asset liability value Non-hedging derivatives Derivatives on exchange rate - Currency swap 113 39 2 125 127 2 - Interest currency swap 30 7 2 128 2 2 - Outright 3 11 2 4 7 2 146 57 — 257 136 — Derivatives on interest rate - Interest rate swap 13 43 2 23 74 2 13 43 — 23 74 — Derivatives on commodities - Future 603 496 1 418 447 1 - Over the counter 102 121 2 89 77 2 - Other 1 55 2 5 — 2 706 672 — 512 524 — 865 772 — 792 734 — Trading derivatives Derivatives on commodities - Over the counter 12,050 11,939 2 1,167 1,451 2 - Future 6,555 5,002 1 440 525 1 - Options — — — 4 3 2 18,605 16,941 — 1,611 1,979 — Cash flow hedge derivatives Derivatives on commodities - Over the counter 7 735 2 209 30 2 - Future 193 1,672 1 119 8 1 200 2,407 — 328 38 — Derivatives on interest rate - Interest rate swap — 3 2 — — — — 3 — — — — 200 2,410 — 328 38 — Options - Option embedded in convertible bonds — — — 2 2 2 - Other options — 62 3 — 51 3 — 62 — 2 53 — Gross amount 19,670 20,185 — 2,733 2,804 — Offsetting (7,159) (7,159) — (1,033) (1,033) — Net amount 12,511 13,026 — 1,700 1,771 — Of which: - current 12,460 12,911 — 1,548 1,609 — - non-current 51 115 — 152 162 — |
Schedule of hedging derivative instruments | Hedging derivative instruments are disclosed below: December 31, 2021 December 31, 2020 Nominal Change in Change in Nominal Change in Change in amount of fair value fair value amount of fair value fair value the hedging (effective (ineffective the hedging (effective (ineffective (€ million) instrument hedge) hedge) instrument hedge) hedge) Cash flow hedge derivatives Derivatives on commodity - Over the counter (461) (2,016) (46) 821 (438) — - Future (364) 534 (5) 541 158 (1) (825) (1,482) (51) 1,362 (280) (1) Derivatives on interest rate - Interest rate swap 84 3 — — — — 84 3 — — — — (741) (1,479) (51) 1,362 (280) (1) |
Schedule of breakdown of underlying asset or liability under cash flow hedge | The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2021 December 31, 2020 Change of the Change of the underlying underlying asset used for asset used for the calculation the calculation of hedging CFH Reclassification of hedging CFH Reclassification (€ million) ineffectiveness reserve adjustments ineffectiveness reserve adjustments Cash flow hedge derivatives Commodity price risk - Planned sales 86 (1,272) (215) 284 (7) (941) 86 (1,272) (215) 284 (7) (941) Derivatives on interest rate - hedged flows (3) 3 — — — — (3) 3 — — — — 83 (1,269) (215) 284 (7) (941) |
Schedule of effects recognized in other operating profit (loss) | Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2021 2020 2019 Net income (loss) on cash flow hedging derivatives (51) (1) (2) Net income (loss) on other derivatives 954 (765) 289 903 (766) 287 |
Schedule of effects recognized in finance income (loss) | (€ million) 2021 2020 2019 Derivatives on exchange rate (322) 391 9 Derivatives on interest rate 16 (40) (23) (306) 351 (14) |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity | |
Schedule of equity attributable to equity holders of Eni | (€ million) December 31, 2021 December 31, 2020 Share capital 4,005 4,005 Retained earnings 22,750 34,043 Cumulative currency translation differences 6,530 3,895 Other reserves and equity instruments: - Perpetual subordinated bonds 5,000 3,000 - Legal reserve 959 959 - Reserve for treasury shares 958 581 - Reserve for OCI on cash flow hedging derivatives net of the tax effect (896) (5) - Reserve for OCI on defined benefit plans net of tax effect (117) (158) - Reserve for OCI on equity-accounted investments 54 85 - Reserve for OCI on other investments valued at fair value 141 36 - Other reserves 190 190 Treasury shares (958) (581) Net profit (loss) for the year 5,821 (8,635) 44,437 37,415 |
Schedule of other comprehensive income reserves | Reserve for OCI on cash flow hedge Reserve for OCI on derivatives defined benefit plans Reserve for Reserve for Deferred Deferred OCI on equity- OCI on Gross tax Net Gross tax Net accounted investments (€ million) reserve liabilities reserve reserve liabilities reserve investments* valued at fair value Reserve as of December 31, 2020 (7) 2 (5) (205) 47 (158) 85 36 Changes of the year (1,479) 434 (1,045) 119 (77) 42 (32) 105 Currency translation differences — — — 2 (3) (1) 1 — Reversal to inventories adjustments 2 (1) 1 — — — — — Reclassification adjustments 215 (62) 153 — — — — — Reserve as of December 31, 2021 (1,269) 373 (896) (84) (33) (117) 54 141 Reserve as of December 31, 2019 (656) 191 (465) (183) 17 (166) 53 12 Changes of the year (280) 81 (199) (16) 25 9 32 24 Currency translation differences — — — (6) 5 (1) — — Reversal to inventories adjustments (12) 3 (9) — — — — — Reclassification adjustments 941 (273) 668 — — — — — Reserve as of December 31, 2020 (7) 2 (5) (205) 47 (158) 85 36 * Reserve for OCI on equity-accounted investments at December 31, 2021 includes €-4 million relating to defined benefit plans (€-7 million at December 31, 2020) |
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 | Reconciliation of net profit and equity attributable to Eni of the parent company Eni SpA to consolidated net profit and equity attributable to Eni Shareholders’ equity Net profit December 31, December 31, (€ million) 2021 2020 2021 2020 As recorded in Eni SpA’s Financial Statements 7,675 1,607 51,039 44,707 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company (3,324) (10,660) (9,910) (8,839) Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity — (6) 153 193 - adjustments to comply with Group accounting policies 1,855 264 4,266 2,086 - elimination of unrealized intercompany profits (176) 88 (654) (478) - deferred taxation (190) 79 (375) (176) 5,840 (8,628) 44,519 37,493 Non-controlling interest (19) (7) (82) (78) As recorded in Consolidated Financial Statements 5,821 (8,635) 44,437 37,415 |
Other information (Tables)
Other information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other information | |
Schedule of other information | (€ million) 2021 2020 2019 Investment in consolidated subsidiaries and businesses Current assets 262 15 1 Non-current assets 2,698 193 12 Net borrowings (486) (64) — Current and non-current liabilities (349) (17) (6) Net effect of investments 2,125 127 7 Fair value of investments held before the acquisition of control (99) — — Non-controlling interests (4) (15) (2) Purchase price 2,022 112 5 Cash and cash equivalents acquired (121) (3) — Consolidated subsidiaries and businesses net of cash and cash equivalent acquired 1,901 109 5 Disposal of consolidated subsidiaries and businesses Current assets 2 — 77 Non-current assets — — 188 Net borrowings — — 11 Current and non-current liabilities — — (57) Net effect of disposals 2 — 219 Reclassification of foreign currency translation differences among other items of OCI — — (24) Gain (loss) on disposal — — 16 Selling price 2 — 211 Cash and cash equivalents sold — — (24) Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination 2 — 187 Business combination Unión Fenosa Gas Investment in Unión Fenosa Gas sold 232 — — 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 — — 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 76 — 187 |
Guarantees, commitments and r_2
Guarantees, commitments and risks (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Guarantees, commitments and risks | |
Schedule of guarantees | (€ million) December 31, 2021 December 31, 2020 Consolidated subsidiaries 6,432 4,758 Unconsolidated subsidiaries 190 176 Joint ventures and associates 3,358 3,800 Others 180 150 10,160 8,884 |
Schedule of commitments and risks | (€ million) December 31, 2021 December 31, 2020 Commitments 75,201 69,998 Risks 934 600 76,135 70,598 |
Schedule of expected payments for finance debts and lease liabilities | 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 2027 and (€ million) 2022 2023 2024 2025 2026 thereafter Total December 31, 2021 Non-current financial liabilities (including the current portion) 1,903 4,339 2,272 2,616 3,910 10,668 25,708 Current financial liabilities 2,299 — — — — — 2,299 Lease liabilities 920 688 565 508 481 2,147 5,309 Fair value of derivative instruments 12,911 3 61 — 23 28 13,026 18,033 5,030 2,898 3,124 4,414 12,843 46,342 Interest on finance debt 475 462 386 359 286 905 2,873 Interest on lease liabilities 282 247 214 184 155 681 1,763 757 709 600 543 441 1,586 4,636 Financial guarantees 1,599 — — — — — 1,599 Maturity year 2026 and (€ million) 2021 2022 2023 2024 2025 thereafter Total December 31, 2020 Non-current financial liabilities (including the current portion) 1,697 1,518 3,469 2,049 2,730 12,232 23,695 Current financial liabilities 2,882 — — — — — 2,882 Lease liabilities 815 593 503 442 413 2,218 4,984 Fair value of derivative instruments 1,609 26 13 50 — 73 1,771 7,003 2,137 3,985 2,541 3,143 14,523 33,332 Interest on finance debt 502 473 461 387 360 1,164 3,347 Interest on lease liabilities 295 252 219 192 165 748 1,871 797 725 680 579 525 1,912 5,218 Financial guarantees 1,072 — — — — — 1,072 |
Schedule of trade and other payables by maturity | Maturity year 2027 and (€ million) 2022 2023 – 2026 thereafter Total December 31, 2021 Trade payables 16,795 — — 16,795 Other payables and advances 4,925 112 109 5,146 21,720 112 109 21,941 Maturity year 2026 and (€ million) 2021 2022 – 2025 thereafter Total December 31, 2020 Trade payables 8,679 — — 8,679 Other payables and advances 4,257 111 94 4,462 12,936 111 94 13,141 |
Schedule of principal contractual obligations | Maturity year 2027 and (€ million) 2022 2023 2024 2025 2026 thereafter Total Decommissioning liabilities (a) 370 298 448 377 436 10,594 12,523 Environmental liabilities 376 346 297 245 178 706 2,148 Purchase obligations (b) 28,862 20,394 17,062 13,873 11,157 67,751 159,099 - Gas . take-or-pay contracts 25,874 19,547 16,344 13,483 10,934 67,377 153,559 . ship-or-pay contracts 866 487 443 379 217 351 2,743 - Other purchase obligations 2,122 360 275 11 6 23 2,797 Other obligations 2 — — — — 104 106 - Memorandum of intent - Val d’Agri 2 — — — — 104 106 Total (c) 29,610 21,038 17,807 14,495 11,771 79,155 173,876 (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. (c) Total future payments for contractual commiments includes obligations of companies held for sale for €67 million. |
Schedule of committed projects | The amounts shown in the table below include committed expenditures to execute certain environmental projects. Maturity year 2026 and (€ million) 2022 2023 2024 2025 thereafter Total Committed projects 5,107 3,712 2,273 1,420 2,336 14,848 |
Schedule of carrying amount of financial instruments and relevant economic and equity effect | 2021 2020 Income (expense) Income (expense) recognized in recognized in Profit Profit Carrying and loss Carrying and loss (€ million) amount account OCI amount account OCI Financial instruments at fair value with effects recognized in profit and loss account Financial assets held for trading (a) 6,301 11 — 5,502 31 — Non-hedging and trading derivatives (b) (611) 597 — (19) (415) — Other investments valued at fair value (c) 1,294 230 105 957 150 24 Receivables and payables and other assets/liabilities valued at amortized cost Trade receivables and other (d) 19,124 (226) — 10,955 (213) — Financing receivables (e) 6,140 39 — 1,207 99 — Securities (a) 53 — — 55 — — Trade payables and other (a) 21,941 (80) — 13,141 (31) — Financing payables (f) 27,794 (250) — 26,686 (632) — Net assets (liabilities) for hedging derivatives (g) 96 (215) (1,264) (52) (941) 661 (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 €903 million (expense for €766 million in 2020) and as expense within “Finance income (expense)" for €306 million (income for €351 million in 2020). (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 impairment losses within "Net (impairment losses) reversal of trade and other receivables" for €279 million (net impairment losses for €226 million in 2020) and as income within "Finance income (expense)" for €53 million (income for €13 million in 2020), including interest income calculated on the basis of the effective interest rate of €18 million (interest income for €22 million in 2020). (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 €53 million (income for €92 million in 2020) and net impairment losses for €25 million (net impairment losses for €1 million in 2020). (f) In the profit and loss account, income or expense were recognized as expense within "Finance income (expense)", including interest expense calculated on the basis of the effective interest rate of €487 million (interest expense for €531 million in 2020). (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 | Gross amount of financial Gross amount assets and Net amount of of financial liabilities financial assets and subject to assets and (€ million) liabilities offsetting liabilities December 31, 2021 Financial assets Trade and other receivables 20,461 1,611 18,850 Other current assets 20,791 7,157 13,634 Other non-current assets 1,031 2 1,029 Financial liabilities Trade and other liabilities 23,331 1,611 21,720 Other current liabilities 22,913 7,157 15,756 Other non-current liabilities 2,248 2 2,246 December 31, 2020 Financial assets Trade and other receivables 11,681 755 10,926 Other current assets 3,719 1,033 2,686 Other non-current assets 1,253 — 1,253 Financial liabilities Trade and other liabilities 13,691 755 12,936 Other current liabilities 5,905 1,033 4,872 Other non-current liabilities 1,877 — 1,877 |
Interest rate risk and currency risk | |
Guarantees, commitments and risks | |
Schedule of market risk | The following tables show amounts in terms of VaR, recorded in 2021 (compared with 2020), relating to interest rate and exchange rate risks in the first section and commodity risk (aggregated by type of exposure). Regarding the management of strategic liquidity, the table reports the sensitivity to changes in interest rate. (Value at risk - parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 11.04 1.29 3.32 3.66 7.39 1.18 2.93 1.34 Exchange rate (a) 0.28 0.11 0.18 0.12 0.48 0.10 0.28 0.18 (a) Value at risk deriving from interest and exchange rates exposures include the following finance departments: Eni Corporate Finance Department, Eni Finance International SA, Banque Eni SA and Eni Finance USA Inc. |
Commodity price risk | |
Guarantees, commitments and risks | |
Schedule of market risk | (Value at risk — Historic simulation method; holding period: 1 day ; confidence level: 95% ) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Commercial exposures – Management Portfolio (a) 42.76 2.91 23.80 2.91 16.10 3.02 8.50 3.02 Trading (b) 1.03 0.12 0.37 0.20 1.57 0.10 0.52 0.25 (a) Refers to Global Gas & LNG Portfolio business area, Power Generation & Marketing, Green\Traditional Refining & Marketing, Eni gas e luce, 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, GTR&M and EGL 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 Eni Trading & Biofuels and Eni Global Energy Markets (London-Bruxelles-Singapore) and Eni Trading & Shipping Inc (Houston). |
Strategic liquidity risk | |
Guarantees, commitments and risks | |
Schedule of market risk | (Sensitivity — Dollar value of 1 basis point — DVBP) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity (a) 0.40 0.29 0.33 0.30 0.37 0.29 0.32 0.30 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity — Dollar value of 1 basis point — DVBP) 2021 2020 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity (a) 0.14 0.05 0.11 0.13 0.07 0.03 0.05 0.05 (a) Management of strategic liquidity portfolio in $ currency starting from August 2017. |
Revenues and other income (Tabl
Revenues and other income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Revenues and other income | |
Schedule of information about sales from operations | Sales from operations Refining & Exploration & Global Gas & Marketing and Plenitude & Corporate and (€ million) Production LNG Portfolio Chemical Power Other activities Total 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 other products 40 6 132 5,316 1 5,495 Services 226 359 784 1,956 180 3,505 Total 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 2020 Sales from operations 6,359 5,362 24,937 7,135 194 43,987 Products sales and service revenues Sales of crude oil 1,969 — 9,024 — — 10,993 Sales of oil products 517 — 11,852 — — 12,369 Sales of natural gas and LNG 3,505 5,000 20 2,741 — 11,266 Sales of petrochemical products — — 3,277 — 19 3,296 Sales of other products 113 (2) 36 2,366 2 2,515 Services 255 364 728 2,028 173 3,548 Total 6,359 5,362 24,937 7,135 194 43,987 Transfer of goods/services Goods/Services transferred in a specific moment 5,896 5,239 24,639 7,135 78 42,987 Goods/Services transferred over a period of time 463 123 298 — 116 1,000 2019 Sales from operations 10,499 9,230 41,976 7,972 204 69,881 Products sales and service revenues Sales of crude oil 3,505 — 17,361 — — 20,866 Sales of oil products 1,189 — 19,615 — — 20,804 Sales of natural gas and LNG 5,454 8,881 214 3,373 — 17,922 Sales of petrochemical products — — 4,088 — 22 4,110 Sales of other products 68 — 16 2,503 6 2,593 Services 283 349 682 2,096 176 3,586 Total 10,499 9,230 41,976 7,972 204 69,881 Transfer of goods/services Goods/Services transferred in a specific moment 9,946 9,117 41,727 7,972 86 68,848 Goods/Services transferred over a period of time 553 113 249 — 118 1,033 |
Schedule of revenue associated with liabilities and performance obligations | (€ million) 2021 2020 2019 Revenues associated with contract liabilities at the beginning of the period 658 818 747 Revenues associated with performance obligations totally or partially satisfied in previous years 30 — 10 |
Schedule of information about other income and revenues | Other income and revenues (€ million) 2021 2020 2019 Gains from sale of assets and businesses 107 10 152 Other proceeds 1,089 950 1,008 1,196 960 1,160 |
Costs (Tables)
Costs (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Costs | |
Schedule of information about purchase, services and other charges | (€ million) 2021 2020 2019 Production costs - raw, ancillary and consumable materials and goods 41,174 21,432 36,272 Production costs - services 10,646 9,710 11,589 Lease expense and other 1,233 876 1,478 Net provisions for contingencies 707 349 858 Other expenses 1,983 1,317 879 55,743 33,684 51,076 less: - capitalized direct costs associated with self-constructed assets - tangible assets (185) (128) (197) - capitalized direct costs associated with self-constructed assets - intangible assets (9) (5) (5) 55,549 33,551 50,874 |
Schedule of information about payroll and related costs | Payroll and related costs (€ million) 2021 2020 2019 Wages and salaries 2,182 2,193 2,417 Social security contributions 455 458 449 Cost related to employee benefit plans 165 102 85 Other costs 204 239 213 3,006 2,992 3,164 less: - capitalized direct costs associated with self-constructed assets - tangible assets (111) (118) (152) - capitalized direct costs associated with self-constructed assets - intangible assets (7) (11) (16) 2,888 2,863 2,996 |
Schedule of information about average number of employees | The Group average number and breakdown of employees by category is reported below: 2021 2020 2019 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 966 18 993 17 1,014 16 Junior managers 9,143 78 9,280 73 9,267 77 Employees 15,747 380 15,995 349 15,945 361 Workers 5,476 284 4,780 287 4,910 287 31,332 760 31,048 726 31,136 741 |
Schedule of information about compensation of key management personnel | (€ million) 2021 2020 2019 Wages and salaries 29 30 28 Post-employment benefits 3 2 2 Other long-term benefits 15 12 12 Indemnities upon termination of employment — 21 12 47 65 54 |
Finance income (expense) (Table
Finance income (expense) (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Finance income (expense) | |
Schedule of finance income (expense) | (€ million) 2021 2020 2019 Finance income (expense) Finance income 3,723 3,531 3,087 Finance expense (4,216) (4,958) (4,079) Net finance income (expense) from financial assets held for trading 11 31 127 Income (expense) from derivative financial instruments (306) 351 (14) (788) (1,045) (879) |
Schedule of analysis of finance income (expense) | The analysis of finance income (expense) was as follows: (€ million) 2021 2020 2019 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (475) (517) (618) Net finance income (expense) on financial assets held for trading 11 31 127 Interest and other expense due to banks and other financial institutions (94) (102) (122) Interest on lease liabilities (304) (347) (378) Interest from banks 4 10 21 Interest and other income on financial receivables and securities held for non-operating purposes 9 12 8 (849) (913) (962) Exchange differences 476 (460) 250 Income (expense) from derivative financial instruments (306) 351 (14) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 67 97 112 Capitalized finance expense 68 73 93 Finance expense due to the passage of time (accretion discount) (a) (144) (190) (255) Other finance income (expense) (100) (3) (103) (109) (23) (153) (788) (1,045) (879) (a) |
Income (expense) from investm_2
Income (expense) from investments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income (expense) from investments | |
Schedule of other gain (loss) from investments | Other gain (loss) from investments (€ million) 2021 2020 2019 Dividends 230 150 247 Net gain (loss) on disposals 1 — 19 Other net income (expense) (8) (75) 15 223 75 281 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income taxes | |
Schedule of information about income taxes | (€ million) 2021 2020 2019 Current taxes: - Italian subsidiaries 439 199 347 - subsidiaries of the Exploration & Production segment - outside Italy 3,609 1,517 4,729 - other subsidiaries - outside Italy 157 84 152 4,205 1,800 5,228 Net deferred taxes: - Italian subsidiaries (45) 672 599 - subsidiaries of the Exploration & Production segment - outside Italy 552 73 (172) - other subsidiaries - outside Italy 133 105 (64) 640 850 363 4,845 2,650 5,591 |
Schedule of detailed information about the reconciliation between the statutory tax charge and the effective tax charge | (€ million) 2021 2020 2019 Profit (loss) before taxation 10,685 (5,978) 5,746 Tax rate (IRES) (%) 24.0 24.0 24.0 Statutory corporation tax charge (credit) on profit or loss 2,564 (1,435) 1,379 Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 2,301 1,980 2,934 - effect of the valuation of the investments under the equity method 180 97 9 - Italian regional income tax (IRAP) 140 107 25 - effect additional tax law no 7/2009 97 — — - impact pursuant to foreign tax effects of italian entities 108 108 105 - tax effects related to previous years 52 (30) 147 - effect due to the tax regime provided for intercompany dividends 54 96 65 - impact pursuant to the write-down of deferred tax assets (666) 1,785 938 - other adjustments 15 (58) (11) 2,281 4,085 4,212 Effective tax charge 4,845 2,650 5,591 |
Earnings (loss) per share (Tabl
Earnings (loss) per share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings (loss) per share | |
Schedule of information about reconciliation of the weighted average number of shares | Reconciliation of the weighted average number of shares used for the calculation for both basic and diluted earnings (loss) per share was as follows: 2021 2020 2019 Weighted average number of shares used for basic earnings (loss) per share 3,565,973,883 3,572,549,651 3,592,249,603 Potential shares to be issued for ILT incentive plan 7,598,593 — 2,251,406 Weighted average number of shares used for diluted earnings per share 3,573,572,476 3,572,549,651 3,594,501,009 Eni’s net profit (loss) (€ million) 5,821 (8,635) 148 Remunaration of subordinated perpetual bonds net of tax effect (€ million) (95) — — Eni’s net profit (loss) for basic and diluted earnings (loss) per share (€ million) 5,726 (8,635) 148 Basic earnings (loss) per share (€ per share) 1.61 (2.42) 0.04 Diluted earnings (loss) per share (€ per share) 1.60 (2.42) 0.04 |
Segment information and infor_2
Segment information and information by geographical area (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Segment information and information by geographical area | |
Schedule of information by segment | Refining & Corporate Adjustments Exploration & Global Gas & Marketing Plenitude & and Other of intragroup (€ million) Production LNG Portfolio and Chemicals Power activities profits Total 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 10,066 899 45 2,355 (816) (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 (384) — (2) (1) — — (387) Share of profit (loss) of equity-accounted investments 8 — (333) — (766) — (1,091) Identifiable assets (a) 61,753 10,022 13,326 8,343 1,439 (591) 94,292 Unallocated assets (b) — — — — — — 43,473 Equity-accounted investments 2,639 17 2,366 667 198 — 5,887 Identifiable liabilities (a) 17,046 10,072 6,796 3,786 3,338 (49) 40,989 Unallocated liabilities (b) — — — — — — 52,257 Capital expenditure in tangible and intangible assets 3,861 19 728 443 187 (4) 5,234 2020 Sales from operations including intersegment sales 13,590 7,051 25,340 7,536 1,559 — — Less: intersegment sales (7,231) (1,689) (403) (401) (1,365) — — Sales from operations 6,359 5,362 24,937 7,135 194 — 43,987 Operating profit (610) (332) (2,463) 660 (563) 33 (3,275) Net provisions for contingencies (98) (64) (118) 2 (26) (45) (349) Depreciation and amortization (6,273) (125) (575) (217) (146) 32 (7,304) Impairments of tangible and intangible assets and right-of-use assets (2,170) (2) (1,605) (56) (22) — (3,855) Reversals of tangible and intangible assets 282 — 334 55 1 — 672 Write-off of tangible and intangible assets (322) — — (7) — — (329) Share of profit (loss) of equity-accounted investments (980) (15) (363) 6 (381) — (1,733) Identifiable assets (a) 59,439 4,020 10,716 4,387 1,444 (402) 79,604 Unallocated assets (b) — — — — — — 30,044 Equity-accounted investments 2,680 259 2,605 217 988 — 6,749 Identifiable liabilities (a) 17,501 3,785 5,460 2,426 3,316 (83) 32,405 Unallocated liabilities (b) — — — — — — 39,750 Capital expenditure in tangible and intangible assets 3,472 11 771 293 107 (10) 4,644 2019 Sales from operations including intersegment sales 23,572 11,779 42,360 8,448 1,676 — — Less: intersegment sales (13,073) (2,549) (384) (476) (1,472) — — Sales from operations 10,499 9,230 41,976 7,972 204 — 69,881 Operating profit 7,417 431 (682) 74 (688) (120) 6,432 Net provisions for contingencies (97) (234) (276) 5 (307) 51 (858) Depreciation and amortization (7,060) (124) (620) (190) (144) 32 (8,106) Impairments of tangible and intangible assets and right-of-use assets (1,347) — (1,127) (83) (13) — (2,570) Reversals of tangible and intangible assets 130 5 205 41 1 — 382 Write-off of tangible and intangible assets (292) — (6) (1) (1) — (300) Share of profit (loss) of equity-accounted investments 7 (21) (63) 10 (21) — (88) Identifiable assets (a) 68,915 4,092 13,569 4,068 1,643 (492) 91,795 Unallocated assets (b) — — — — — — 31,645 Equity-accounted investments 4,108 346 3,107 141 1,333 — 9,035 Identifiable liabilities (a) 20,164 3,836 6,272 2,380 3,890 (141) 36,401 Unallocated liabilities (b) — — — — — — 39,139 Capital expenditure in tangible and intangible assets 6,980 15 933 357 89 (14) 8,360 (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 | Identifiable assets and investments by geographical area of origin Other European Rest of Other (€ million) Italy Union Europe Americas Asia Africa areas Total 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 2020 Identifiable assets (a) 17,228 4,159 3,174 4,485 16,360 33,341 857 79,604 Capital expenditure in tangible and intangible assets 1,198 152 119 441 1,267 1,443 24 4,644 2019 Identifiable assets (a) 19,346 7,237 1,151 5,230 17,898 40,021 912 91,795 Capital expenditure in tangible and intangible assets 1,402 306 9 1,017 1,685 3,886 55 8,360 (a) Include assets directly associated with the generation of operating profit. |
Schedule of sales from operations by geography | Sales from operations by geographical area of destination (€ million) 2021 2020 2019 Italy 29,968 14,717 23,312 Other European Union 14,671 9,508 18,567 Rest of Europe 12,470 8,191 6,931 Americas 4,420 2,426 3,842 Asia 7,891 4,182 8,102 Africa 7,040 4,842 8,998 Other areas 115 121 129 76,575 43,987 69,881 |
Transactions with related par_2
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Transactions with related parties | |
Schedule of transactions and balances with related parties | Transactions and balances with related parties (€ million) December 31, 2021 2021 Receivables Payables and other and other Other operating Name assets liabilities Guarantees Revenues Costs (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 11 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. (€ million) December 31, 2020 2020 Receivables Payables and other and other Other operating Name assets liabilities Guarantees Revenues Costs (expense) income Joint ventures and associates Agiba Petroleum Co 6 52 — — 201 — Angola LNG Supply Services Llc — — 165 — — — Coral FLNG SA 6 — 1,079 49 — Gas Distribution Company of Thessaloniki - Thessaly SA — 13 — — 52 — Saipem Group 87 254 509 18 350 — Karachaganak Petroleum Operating BV 25 141 — — 816 — Mellitah Oil & Gas BV 54 250 — 2 156 — Petrobel Belayim Petroleum Co 65 467 — — 556 — Societa Oleodotti Meridionali SpA 3 399 — 20 15 — Société Centrale Electrique du Congo SA 48 — — 57 — — Unión Fenosa Gas SA 11 4 57 9 — (3) Vår Energi AS 39 190 456 85 1,126 (118) Other (*) 72 24 1 66 167 416 1,794 2,267 306 3,439 (121) Unconsolidated entities controlled by Eni Eni BTC Ltd — — 165 — — — Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 112 1 1 11 — — Other 5 23 10 4 9 — 117 24 176 15 9 — 533 1,818 2,443 321 3,448 (121) Entities controlled by the Government Enel Group 104 165 — 51 551 86 Italgas Group 1 177 — 3 714 — Snam Group 189 211 — 45 1,012 — Terna Group 46 62 — 152 225 8 GSE - Gestore Servizi Energetici 52 37 — 586 309 40 Other (*) 8 49 — 20 63 — 400 701 — 857 2,874 134 Other related parties 1 4 — 2 53 — Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 87 52 — 19 262 — 1,021 2,575 2,443 1,199 6,637 13 ( * ) (€ million) December 31, 2019 2019 Receivables Payables and other and other Other operating Name assets liabilities Guarantees Revenues Costs (expense) income Joint ventures and associates Agiba Petroleum Co 3 71 — — 229 — Angola LNG Supply Services Llc — — 181 — — — Coral FLNG SA 15 — 1,168 71 — — Gas Distribution Company of Thessaloniki - Thessaly SA — 13 — — 53 — Saipem Group 75 227 510 27 503 — Karachaganak Petroleum Operating BV 33 198 — 1 1,134 — Mellitah Oil & Gas BV 57 171 — 3 365 — Petrobel Belayim Petroleum Co 50 1,130 — 7 1,590 — Unión Fenosa Gas SA 8 1 57 1 6 63 Vår Energi AS 32 143 482 63 1,481 (64) Other (*) 106 29 1 112 87 — 379 1,983 2,399 285 5,448 (1) Unconsolidated entities controlled by Eni Eni BTC Ltd — — 180 — — — Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 101 1 3 14 — — Other 5 25 14 6 18 — 106 26 197 20 18 — 485 2,009 2,596 305 5,466 (1) Entities controlled by the Government Enel Group 185 284 — 105 602 (8) Italgas Group 3 154 — 1 677 — Snam Group 278 229 — 71 1,208 — Terna Group 40 45 — 171 223 17 GSE - Gestore Servizi Energetici 26 24 — 549 468 11 Other 10 19 — 12 35 — 542 755 — 909 3,213 20 Other related parties 2 3 — 5 37 — Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 75 74 — 33 457 — 1,104 2,841 2,596 1,252 9,173 19 (*) Each individual amount included herein was lower than €50 million. |
Schedule of financing transactions and balances with related parties | Financing transactions and balances with related parties (€ million) December 31, 2021 2021 Name Receivables Payables Guarantees Gains Charges 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 (*) (€ million) December 31, 2020 2020 Name Receivables Payables Guarantees Gains Charges Joint ventures and associates Angola LNG Ltd — — 228 — — Cardón IV SA 383 — — 57 — Coral FLNG SA 288 — — 22 1 Coral South FLNG DMCC — — 1,304 — — Saipem Group 2 167 — — 6 Société Centrale Electrique du Congo SA 83 — — 7 — Other 15 12 1 27 18 771 179 1,533 113 25 Unconsolidated entities controlled by Eni Other 36 28 — 1 — 36 28 — 1 — Entities controlled by the Government Other — 11 — — 1 — 11 — — 1 807 218 1,533 114 26 (€ million) December 31, 2019 2019 Name Receivables Payables Guarantees Gains Charges Joint ventures and associates Angola LNG Ltd — — 249 — — Cardón IV SA 563 5 — 77 — Coral FLNG SA 253 — — — 2 Coral South FLNG DMCC — — 1,425 — — Société Centrale Electrique du Congo SA 85 — — — 20 Other 18 14 2 18 14 919 19 1,676 95 36 Unconsolidated entities controlled by Eni Other 48 28 — 1 — 48 28 — 1 — Entities controlled by the Government Other 4 12 — — — 4 12 — — — 971 59 1,676 96 36 |
Schedule of impact of transactions and positions with related parties on balance sheet | The impact of transactions and positions with related parties on the balance sheet accounts consisted of the following: December 31, 2021 December 31, 2020 Related Related (€ million) Total parties Impact % Total parties Impact % Other current financial assets 4,308 55 1.28 254 41 16.14 Trade and other receivables 18,850 1,301 6.90 10,926 802 7.34 Other current assets 13,634 492 3.61 2,686 145 5.40 Other non-current financial assets 1,885 1,645 87.27 1,008 766 75.99 Other non-current assets 1,029 29 2.82 1,253 74 5.91 Short-term debt 2,299 233 10.13 2,882 52 1.80 Current portion of long-term debt 1,781 21 1.18 1,909 — — Current portion of non-current lease liabilities 948 17 1.79 849 54 6.36 Trade and other payables 21,720 2,298 10.58 12,936 2,100 16.23 Other current liabilities 15,756 339 2.15 4,872 452 9.28 Long-term debt 23,714 5 0.02 21,895 — — Non-current lease liabilities 4,389 1 0.02 4,169 112 2.69 Other non-current liabilities 2,246 415 18.48 1,877 23 1.23 |
Schedule of impact of transactions with related parties on the profit and loss accounts | The impact of transactions with related parties on the profit and loss accounts consisted of the following: 2021 2020 2019 Related Related Related (€ million) Total parties Impact % Total parties Impact % Total parties Impact % Sales from operations 76,575 3,000 3.92 43,987 1,164 2.65 69,881 1,248 1.79 Other income and revenues 1,196 52 4.35 960 35 3.65 1,160 4 0.34 Purchases, services and other (55,549) (8,644) 15.56 (33,551) (6,595) 19.66 (50,874) (9,173) 18.03 Net (impairment losses) reversals of trade and other receivables (279) (6) 2.15 (226) (6) 2.65 (432) 28 — Payroll and related costs (2,888) (21) 0.73 (2,863) (36) 1.26 (2,996) (28) 0.93 Other operating income (expense) 903 735 81.40 (766) 13 — 287 19 6.62 Finance income 3,723 79 2.12 3,531 114 3.23 3,087 96 3.11 Finance expense (4,216) (46) 1.09 (4,958) (26) 0.52 (4,079) (36) 0.88 |
Schedule of main cash flows with related parties | Main cash flows with related parties are provided below: (€ million) 2021 2020 2019 Revenues and other income 3,052 1,199 1,252 Costs and other expenses (7,814) (5,789) (6,869) Other operating (expense) income 735 13 19 Net change in trade and other receivables and payables (342) (136) (839) Net interests 38 73 81 Net cash provided from operating activities (4,331) (4,640) (6,356) Capital expenditure in tangible and intangible assets (851) (842) (2,332) Net change in accounts payable and receivable in relation to investments (20) (370) (339) Change in financial receivables (105) (160) (241) Net cash used in investing activities (976) (1,372) (2,912) Change in financial and lease liabilities (13) 164 (817) Net cash used in financing activities (13) 164 (817) Total financial flows to related parties (5,320) (5,848) (10,085) |
Schedule of impact of cash flows with related parties | The impact of cash flows with related parties consisted of the following: 2021 2020 2019 Related Related Related (€ million) Total parties Impact % Total parties Impact % Total parties Impact % Net cash provided from operating activities 12,861 (4,331) — 4,822 (4,640) — 12,392 (6,356) — Net cash used in investing activities (12,022) (976) 8.12 (4,587) (1,372) 29.91 (11,413) (2,912) 25.51 Net cash used in financing activities (2,039) (13) 0.64 3,253 164 5.04 (5,841) (817) 13.99 |
Other information about inves_2
Other information about investments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about investments | |
Schedule of detailed information about parent company | Registered Country of Share % Company name office operation Currency Capital Shareholders Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 25.96 Ministero dell’Economia e delle Finanze 4.37 Eni SpA 1.83 Other shareholders 67.84 (#) |
Schedule of detailed information about principal joint ventures, joint operations and associates | Country of % ownership Eni's % of the Company name Registered office operation Business segment interest investment Joint venture Cardón IV SA Caracas (Venezuela) Venezuela Exploration & Production 50.00 50.00 Doggerbank Offshore Wind Farm Project 1 Holdco Ltd Reading (UK) UK Plenitude 20.00 20.00 Doggerbank Offshore Wind Farm Project 2 Holdco Ltd Reading (UK) UK Plenitude 20.00 20.00 Mozambique Rovuma Venture SpA San Donato Milanese (MI) (Italy) Mozambique Exploration & Production 35.71 35.71 Saipem SpA San Donato Milanese (MI) (Italy) Italy Corporate and financial companies 30.54 31.20 Vår Energi AS Sandnes(Norway) Norway Exploration & Production 69.85 69.85 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 Refining & Marketing 50.00 50.00 Associates Abu Dhabi Oil Refining Co (Takreer) Abu Dhabi (United Arab Emirates) United Arab Emirates Refining & Marketing 20.00 20.00 Angola LNG Ltd Hamilton (Bermuda) Angola Exploration & Production 13.60 13.60 Coral FLNG SA Maputo (Mozambique) Mozambique Exploration & Production 25.00 25.00 |
Schedule of joint ventures | Main line items of profit and loss and balance sheet related to the principal joint ventures, represented by the amounts included in the reports accounted under IFRS of each company, are provided in the table below: 2021 Doggerbank Doggerbank Offshore Offshore Wind Farm Wind Farm Mozambique Other Cardón IV Project 1 Project 2 Rovuma Saipem Vår Energi joint (€ million) SA Holdco Ltd Holdco Ltd Venture SpA SpA AS ventures Current assets 285 22 12 202 6,819 1,382 632 - of which cash and cash equivalent 3 20 9 82 1,632 198 88 Non-current assets 1,947 1,935 1,306 3,810 4,723 16,589 714 Total assets 2,232 1,957 1,318 4,012 11,542 17,971 1,346 Current liabilities 373 95 59 162 6,844 2,148 853 - current financial liabilities 4 — — 4 1,256 390 296 Non-current liabilities 1,301 1,548 1,085 2,856 4,347 14,900 193 - non-current financial liabilities 430 1,414 908 2,823 2,679 4,160 22 Total liabilities 1,674 1,643 1,144 3,018 11,191 17,048 1,046 Net equity 558 314 174 994 351 923 300 Eni’s % of the investment 50.00 20.00 20.00 35.71 31.20 69.85 — Book value of the investment 279 246 238 355 137 645 157 Revenues and other income 686 — — — 6,880 5,191 341 Operating expense (546) — — — (8,532) (1,207) (315) Other operating profit (loss) — — — — 2 (51) 4 Depreciation, amortization and impairments (98) — — — (616) (1,825) (39) Operating profit (loss) 42 — — — (2,266) 2,108 (9) Finance income (expense) (67) (1) (1) — (140) (350) (22) Income (expense) from investments — — — — 9 — — Profit (loss) before income taxes (25) (1) (1) — (2,397) 1,758 (31) Income taxes (131) — — — (70) (1,729) (3) Net profit (loss) (156) (1) (1) — (2,467) 29 (34) Other comprehensive income (loss) 39 31 (9) — (117) 61 5 Total other comprehensive income (loss) (117) 30 (10) — (2,584) 90 (29) Net profit (loss) attributable to Eni (78) — — — (752) 20 (97) Dividends received from the joint venture — — — — — 561 25 2020 Gas Distribution Company of Other Cardón IV Thessaloniki -Thessaly Saipem Unión Fenosa Vår Energi joint (€ million) SA SA SpA Gas SA AS ventures Current assets 235 31 6,411 599 804 858 - of which cash and cash equivalent — 10 1,687 36 222 43 Non-current assets 2,040 344 4,831 717 16,042 924 Total assets 2,275 375 11,242 1,316 16,846 1,782 Current liabilities 262 38 4,903 311 189 1,022 - current financial liabilities — 11 609 99 33 90 Non-current liabilities 1,615 51 3,391 501 15,019 333 - non-current financial liabilities 785 39 2,827 421 4,389 237 Total liabilities 1,877 89 8,294 812 15,208 1,355 Net equity 398 286 2,948 504 1,638 427 Eni’s % of the investment 50.00 49.00 31.08 50.00 69.85 — Book value of the investment 199 140 908 242 1,144 188 Revenues and other income 612 62 7,408 854 2,450 286 Operating expense (453) (19) (6,980) (805) (980) (304) Depreciation, amortization and impairments (95) (16) (1,273) (108) (3,425) (85) Operating profit (loss) 64 27 (845) (59) (1,955) (103) Finance income (expense) (98) (1) (166) (29) 31 (21) Income (expense) from investments — — 37 3 — — Profit (loss) before income taxes (34) 26 (974) (85) (1,924) (124) Income taxes (58) (6) (143) (2) 603 (4) Net profit (loss) (92) 20 (1,117) (87) (1,321) (128) Other comprehensive income (loss) (35) — 46 (33) (273) (25) Total other comprehensive income (loss) (127) 20 (1,071) (120) (1,594) (153) Net profit (loss) attributable to Eni (46) 10 (354) (68) (918) (93) Dividends received from the joint venture — 9 3 — 274 10 |
Schedule of interests in associates | Main line items of profit and loss and balance sheet related to the principal associates represented by the amounts included in the reports accounted under IFRS of each company are provided in the table below: 2021 Abu Dhabi Oil Coral Refining Co Angola LNG FLNG Other (€ million) (TAKREER) Ltd SA associates Current assets 3,070 1,234 88 2,855 - of which cash and cash equivalent 153 808 8 419 Non-current assets 16,936 9,736 6,320 4,842 Total assets 20,006 10,970 6,408 7,697 Current liabilities 3,042 1,061 391 2,577 - current financial liabilities 122 1 139 Non-current liabilities 6,208 1,935 5,392 3,857 - non-current financial liabilities 5,164 696 5,384 3,632 Total liabilities 9,250 2,996 5,783 6,434 Net equity 10,756 7,974 625 1,263 Eni’s % of the investment 20.00 13.60 25.00 Book value of the investment 2,151 1,084 156 393 Revenues and other income 21,758 2,739 20,098 Operating expense (20,429) (2,316) — (19,785) Other operating income (expense) — — (117) Depreciation, amortization and impairments (3,054) 307 — (40) Operating profit (loss) (1,725) 730 — 156 Finance income (expense) (85) (61) — (5) Income (expense) from investments — 52 Profit (loss) before income taxes (1,810) 669 — 203 Income taxes — (16) Net profit (loss) (1,810) 669 — 187 Other comprehensive income (loss) 892 623 46 74 Total other comprehensive income (loss) (918) 1,292 46 261 Net profit (loss) attributable to Eni (362) 90 — 52 Dividends received from the joint venture — — — 16 2020 Abu Dhabi Oil Refining Co Angola LNG Coral FLNG Other (€ million) (TAKREER) Ltd SA associates Current assets 1,391 618 133 623 - of which cash and cash equivalent 97 428 83 303 Non-current assets 17,938 8,633 4,777 4,072 Total assets 19,329 9,251 4,910 4,695 Current liabilities 4,897 424 172 656 - current financial liabilities 4,404 101 263 Non-current liabilities 2,757 1,187 4,186 3,068 - non-current financial liabilities 456 999 4,186 2,928 Total liabilities 7,654 1,611 4,358 3,724 Net equity 11,675 7,640 552 971 Eni’s % of the investment 20.00 13.60 25.00 Book value of the investment 2,335 1,039 138 321 Revenues and other income 11,933 976 1 954 Operating expense (12,370) (548) — (917) Depreciation, amortization and impairments (851) (508) — (75) Operating profit (loss) (1,288) (80) 1 (38) Finance income (expense) (91) (96) (11) (13) Income (expense) from investments — — — 16 Profit (loss) before income taxes (1,379) (176) (10) (35) Income taxes 4 2 (9) Net profit (loss) (1,375) (176) (8) (44) Other comprehensive income (loss) (1,101) (710) (48) (60) Total other comprehensive income (loss) (2,476) (886) (56) (104) Net profit (loss) attributable to Eni (275) (24) (2) (26) Dividends received from the joint venture — — — 13 |
Exploration & Production | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Eni Angola SpA San Donato Milanese (MI) Angola EUR 20,200,000 Eni SpA 100.00 100.00 F.C. 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 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 100.00 100.00 F.C. 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 7,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Milanese (MI) Italy EUR 8,034,400 Eni SpA 99.96 99.96 F.C. Third parties 0.04 Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Outside Italy 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. 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 Tortola (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 AEP Ltd London (United Kingdom) Pakistan GBP 471,000 Eni UK Ltd 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 Angola Exploration BV Amsterdam (Netherlands) Angola EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Angola Production BV Amsterdam (Netherlands) Angola EUR 20,000 Eni International BV 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. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) Eni Bahrain BV Amsterdam (Netherlands) Bahrain EUR 20,000 Eni International BV 100.00 100.00 F.C. 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 China BV Amsterdam (Netherlands) China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SA Pointe - Noire (Republic of the Congo) Republic of the Congo USD 17,000,000 Eni E&P Holding BV 99.99 100.00 F.C. Eni Int. NA NV Sàrl (..) Eni International BV (..) 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 2,008 Eni International BV 100.00 100.00 F.C. Eni Denmark BV Amsterdam (Netherlands) Greenland EUR 20,000 Eni International BV 100.00 Eq. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltda Rio de Janeiro (Brazil) Brazil BRL 1,593,415,000 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 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 Gabon SA Libreville (Gabon) Gabon XAF 4,000,000,000 Eni International BV 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 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 India Ltd London (United Kingdom) India GBP 44,000,000 Eni Lasmo Plc 100.00 Eq. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Eni Indonesia Ltd London (United Kingdom) Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd Grand Cayman (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 99.99 100.00 F.C. Eni UK Ltd (..) 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 Ireland BV Amsterdam (Netherlands) Ireland EUR 20,000 Eni International 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 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. Eni 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 Middle East Ltd London (United Kingdom) United Kingdom 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 99.99 100.00 F.C. Eni LNS Ltd (..) Eni Montenegro BV Amsterdam (Netherlands) Republic of Montenegro EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Mozambique Engineering Ltd London (United Kingdom) United Kingdom GBP 1 Eni Lasmo Plc 100.00 100.00 F.C. Eni Mozambique LNG Holding 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 Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) 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 100.00 100.00 F.C. 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 Pakistan Ltd London (United Kingdom) Pakistan GBP 90,087 Eni ULX Ltd 100.00 100.00 F.C. Eni Pakistan (M) Ltd Sàrl Luxembourg (Luxembourg) Pakistan USD 20,000 Eni Oil Holdings BV 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) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni RAK BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 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 99.99 Eq. Eni Oil Holdings BV (..) Eni Rovuma Basin BV Amsterdam (Netherlands) Mozambique EUR 20,000 Eni Mozambique 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 100.00 100.00 F.C. Eni South China Sea Ltd Sàrl Luxembourg (Luxembourg) China USD 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. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) 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 Ukraine Shallow Waters BV (in liquidation) Amsterdam (Netherlands) Ukraine EUR 20,000 Eni Ukraine Hold.BV 100.00 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 Ventures Plc (in liquidation) London (United Kingdom) United Kingdom GBP 0 (a) Eni International BV 99.99 Co. 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. Eni Yemen Ltd London (United Kingdom) United Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. Eurl Eni Algérie Algiers (Algeria) Algeria DZD 1,000,000 Eni Algeria Ltd Sàrl 100.00 Eq. 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. (*) 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. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) “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 10,000 Eni Lasmo Plc 100.00 Eq. Liverpool Bay Ltd London (United Kingdom) United Kingdom USD 1 Eni ULX Ltd 100.00 Eq. 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 99.90 100.00 F.C. 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 SA 66.67 Co. Burren En.Congo Ltd 33.33 Zetah Kouilou Ltd Nassau (Bahamas) Republic of the Congo USD 2,000 Eni Congo SA 54.50 Co. Burren En.Congo Ltd 37.00 Third parties 8.50 |
Schedule of interests in joint arrangements and associates | Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) In Italy Agri-Energy Srl (†) Jolanda di Savoia (FE) Italy EUR 50,000 Eni Natural Energ. SpA 50.00 Eq. Third parties 50.00 Mozambique Rovuma Venture SpA (†) San Donato Milanese (MI) Mozambique EUR 20,000,000 Eni SpA 35.71 Eq. Third parties 64.29 Outside Italy Agiba Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 Angola LNG Ltd Hamilton (Bermuda) Angola USD 8,817,000,000 Eni Angola Prod.BV 13.60 Eq. Third parties 86.40 Ashrafi Island Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Barentsmorneftegaz Sàrl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Third parties 66.67 Cabo Delgado Gas Development Limitada (†) Maputo (Mozambique) Mozambique MZN 2,500,000 Eni Mozam.LNG H. BV 50.00 Co. Third parties 50.00 Cardón IV SA (†) Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 50.00 Eq. Third parties 50.00 Compañia Agua Plana SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 26.00 Co. Third parties 74.00 Coral FLNG SA Maputo (Mozambique) Mozambique MZN 100,000,000 Eni Mozam.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 Mozam.LNG H. BV 25.00 Eq. Third parties 75.00 East Delta Gas Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 East Kanayis Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 East Obaiyed Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 El Temsah Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 El-Fayrouz Petroleum Co (†) (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 50.00 Third parties 50.00 Fedynskmorneftegaz Sàrl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Third parties 66.67 Isatay Operating Company Llp (†) Nur-Sultan (Kazakhstan) Kazakhstan KZT 400,000 Eni Isatay BV 50.00 Co. 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. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Karachaganak Petroleum Operating BV Amsterdam (Netherlands) Kazakhstan EUR 20,000 Agip Karachag. 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 32.50 Eq. Third parties 67.50 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 50.00 Co. Third parties 50.00 Mellitah Oil & Gas BV (†) Amsterdam (Netherlands) Libya EUR 20,000 Eni North Africa BV 50.00 Co. Third parties 50.00 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 14.20 Eq. Third parties 85.80 North Bardawil Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 30.00 Third parties 70.00 North El Burg Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Petrobel Belayim Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 PetroBicentenario SA (†) Caracas (Venezuela) Venezuela VED 0 Eni Lasmo Plc 40.00 Eq. Third parties 60.00 PetroJunín SA (†) Caracas (Venezuela) Venezuela VED 0.02 Eni Lasmo Plc 40.00 Eq. Third parties 60.00 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 Point Resources FPSO AS Sandnes (Norway) Norway NOK 150,100,000 PR FPSO Holding AS 100.00 Point Resources FPSO Holding AS Sandnes (Norway) Norway NOK 60,000 Vår Energi AS 100.00 Port Said Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 PR Jotun DA Sandnes (Norway) Norway NOK 0 (a) PR FPSO AS 95.00 PR FPSO Holding AS 5.00 Raml Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 22.50 Co. Third parties 77.50 Ras Qattara Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 Rovuma LNG Investment (DIFC) Ltd Dubai (United Arab Emirates) Mozambique USD 50,000 Eni Moz. LNG H. BV 25.00 Eq. Third parties 75.00 Rovuma LNG SA Maputo (Mozambique) Mozambique MZN 100,000,000 Eni Moz. LNG H. BV 25.00 Eq. Third parties 75.00 (a) Shares without nominal value. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) 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 SA 20.00 Eq. Third parties 80.00 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 Developpement et d'Exploitation du Permis du Sud SA (†) Tunis (Tunisia) Tunisia TND 100,000 Eni Tunisia BV 50.00 Co. Third parties 50.00 Solenova Ltd (†) London (United Kingdom) Angola USD 1,580,000 Eni E&P Holding BV 50.00 Eq. 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 AS(†) Sandnes (Norway) Norway NOK 399,425,000 Eni International BV 69.85 Eq. Third parties 30.15 Vår Energi Marine AS Sandnes (Norway) Norway NOK 61,000,000 Vår Energi AS 100.00 VIC CBM Ltd (†) London (United Kingdom) Indonesia USD 52,315,912 Eni Lasmo Plc 50.00 Eq. Third parties 50.00 Virginia Indonesia Co CBM Ltd (†) London (United Kingdom) Indonesia USD 25,631,640 Eni Lasmo Plc 50.00 Eq. Third parties 50.00 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 (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | Company name Registered Country of Share % Consolidation or In Italy office operation Currency Capital Shareholders Ownership valutation method(*) BF SpA (#) Jolanda di Savoia (FE) Italy EUR 187,059,565 Eni Natural Energ. SpA 3.32 F.V. Third parties 96.68 Consorzio Universitario in Ingegneria per la Qualità e l'Innovazione Pisa Italy EUR 138,000 Eni SpA 16.67 F.V. Third parties 83.33 Outside Italy 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 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 OPCO - Sociedade Operacional Angola LNG SA Luanda (Angola) Angola AOA 7,400,000 Eni Angola Prod.BV 13.60 F.V. Third parties 86.40 Petrolera Güiria SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 19.50 F.V. Third parties 80.50 SOMG - Sociedade de Operações e Manutenção de Gasodutos SA Luanda (Angola) Angola AOA 7,400,000 Eni Angola Prod.BV 10.57 F.V. Third parties 89.43 Torsina Oil Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 12.50 F.V. Third parties 87.50 (#) (a) |
Global Gas & LNG Portfolio | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Registered Country of Share % % Equity Consolidation or Company name office Operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Eni Corridor Srl San Donato Milanese (MI) Italy EUR 50,000 Eni SpA 100.00 Eq. 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. Trans Tunisian Pipeline Co SpA San Donato Milanese (MI) Tunisia EUR 1,098,000 Eni SpA 100.00 100.00 F.C. Outside Italy 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. Société de Service du Gazoduc Transtunisien SA - Sergaz SA Tunis (Tunisia) Tunisia TND 99,000 Eni International BV 66.67 66.67 F.C. Third parties 33.33 Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA Tunis (Tunisia) Tunisia TND 200,000 Eni International BV 99.85 100.00 F.C. Eni SpA 0.05 LNG Shipping SpA 0.05 Trans Tunis.P.Co SpA 0.05 (*) 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 | Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) In Italy Mariconsult SpA (†) Milan Italy EUR 120,000 Eni SpA 50.00 Eq. Third parties 50.00 Transmed SpA(†) Milan Italy EUR 240,000 Eni SpA 50.00 Eq. Third parties 50.00 Outside Italy Angola LNG Supply Services Llc Wilmington (USA) USA USD 19,278,782 Eni USA Gas M. Llc 13.60 Eq. Third parties 86.40 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 GreenStream BV(†) Amsterdam (Netherlands) Libya EUR 200,000,000 Eni North Africa BV 50.00 50.00 J.O. Third parties 50.00 Premium Multiservices SA Tunis (Tunisia) Tunisia TND 200,000 Sergaz SA 49.99 Eq. Third parties 50.01 SAMCO Sagl Lugano (Switzerland) Switzerland CHF 20,000 Transmed.Pip.Co Ltd 90.00 Eq. Eni International BV 5.00 Third parties 5.00 SEGAS Services 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 Société Energies Renouvelables Eni-ETAP SA (†) Tunis (Tunisia) Tunisia TND 1,000,000 Eni International BV 50.00 Eq. Third parties 50.00 Transmediterranean Pipeline Co Ltd (†) St. Helier (Jersey) Jersey USD 10,310,000 Eni SpA 50.00 50.00 J.O. Third parties 50.00 (a) Equity ratio equal to the Eni’s working interest. |
Schedule of detailed information about other significant investments | Registered Country of Share % Consolidation or Company name office operation Currency Capital Shareholders Ownership valutation method(*) Outside Italy Norsea Gas GmbH Emden (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 |
Refining & Marketing and Chemical | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Refining & Marketing and Chemical Refining & Marketing Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Ecofuel SpA San Donato Milanese (MI) Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. Eni Fuel SpA Rome Italy EUR 59,944,310 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. Eni4Cities SpA San Donato Milanese (MI) Italy EUR 50,000 Ecofuel SpA 100.00 Eq. EniBioCh4in Alexandria Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 70.00 70.00 F.C. Third parties 30.00 EniBioCh4in Annia Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Appia Srl Società Agricola San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Aprilia Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Briona Srl Società Agricola San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Calandre Energia Srl Società Agricola San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Gardilliana Società Agricola Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Grupellum Società Agricola Srl San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 98.00 98.00 F.C. Third parties 2.00 EniBioCh4in Jonica Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Maddalena Società Agricola Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Medea Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Momo Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 95.00 95.00 F.C. Third parties 5.00 EniBioCh4in Mortara Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 95.00 95.00 F.C. Third parties 5.00 EniBioCh4in Pannellia BioGas Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Plovera Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 98.00 98.00 F.C. Third parties 2.00 EniBioCh4in Quadruvium Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Rhodigium Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in San Benedetto Po Srl Società Agricola San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Service BioGas Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. (*) Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) EniBioCh4in Società Agricola Il Bue Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in SpA San Donato Milanese (MI) Italy EUR 2,500,000 Ecofuel SpA 100.00 100.00 F.C. EniBioCh4in Vigevano Srl Società Agricola San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Villacidro Agricole Società Agricola Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. Petroven Srl Genova Italy EUR 918,520 Ecofuel SpA 100.00 100.00 F.C. Po' Energia Srl Società Agricola Bolzano Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. Raffineria di Gela SpA Gela (CL) Italy EUR 15,000,000 Eni SpA 100.00 100.00 F.C. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Third parties 20.00 Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. Outside Italy 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 International BV 75.00 100.00 F.C. Eni Deutsch.GmbH 25.00 Eni Benelux BV Rotterdam (Netherlands) Netherlands EUR 1,934,040 Eni International BV 100.00 100.00 F.C. Eni Deutschland GmbH Munich (Germany) Germany EUR 90,000,000 Eni International BV 89.00 100.00 F.C. Eni Oil Holdings 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 (former Eni Lubricants Trading (Shanghai) Co Ltd) Shanghai (China) China EUR 5,000,000 Eni International BV 100.00 100.00 F.C. Eni France Sàrl Lyon (France) France EUR 56,800,000 Eni International BV 100.00 100.00 F.C. Eni Iberia SLU Alcobendas (Spain) Spain EUR 17,299,100 Eni International BV 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 International BV (..) 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 International BV 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 Eq. 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 87.00 Eq. Third parties 13.00 Esain SA Quito (Ecuador) Ecuador USD 30,000 Eni Ecuador SA 99.99 100.00 F.C. Tecnoesa SA (..) Llc “Eni-Nefto” Moscow (Russia) Russia RUB 1,010,000 Eni International BV 99.01 Eq. Eni Oil Holdings BV 0.99 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 99.99 Eq. Esain SA (..) (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Chemical Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy Versalis SpA San Donato Milanese (MI) Italy EUR 446,050,728.65 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. Padanaplast Srl Roccabianca (PR) Italy EUR 18,000,000 Finproject SpA 100.00 100.00 F.C. Outside Italy Asian Compounds Ltd Hong Kong (Hong Kong) Honk Kong HKD 1,000 Finproject Asia Ltd 100.00 100.00 F.C. Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest (Hungary) Hungary HUF 1,577,971.20 Versalis SpA 96.34 100.00 F.C. Versalis Deutsc.GmbH 1.83 Versalis Intern. SA 1.83 Finproject Asia Ltd Hong Kong (Honk Kong) Honk Kong USD 1,000 Finproject SpA 100.00 100.00 F.C. Finproject Brasil Industria De Solados Eireli Franca (Brazil) Brazil BRL 1,000,000 Finproject SpA 100.00 100.00 F.C. 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 100,000,000 Asian Compounds Ltd 99.00 100.00 F.C. Finproject Asia Ltd 1.00 Finproject Romania Srl Valea Lui Mihai (Romania) Romania RON 67,730 Finproject SpA 100.00 100.00 F.C. Finproject Singapore Pte Ltd Singapore (Singapore) Singapore SGD 100 Finproject Asia Ltd 100.00 100.00 F.C. Finproject Viet Nam Company Limited Hai Phong (Vietnam) Vietnam VND 19,623,250,000 Finproject Asia Ltd 100.00 100.00 F.C. Foam Creations (2008) Inc Quebec City (Canada) Canada CAD 1,215,000 Finproject SpA 100.00 100.00 F.C. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) Foam Creations México SA de CV León (Mexico) Mexico MXN 19,138,165 Foam Creations (2008) 99.99 100.00 F.C. Finproject SpA (..) Padanaplast America Llc Wilmington (USA) USA USD 70,000 Finproject SpA 100.00 100.00 F.C. Padanaplast Deutschland GmbH Hannover (Germany) Germany EUR 25,000 Padanaplast Srl 100.00 100.00 F.C. Versalis Americas Inc Dover (USA) USA USD 100,000 Versalis Intern. 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 Intern. 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 SA Bruxelles (Belgium) Belgium EUR 15,449,173.88 Versalis SpA 59.00 100.00 F.C. Versalis Deutsc.GmbH 23.71 Dunastyr Zrt 14.43 Versalis France 2.86 Versalis Kimya Ticaret Limited Sirketi Istanbul (Turkey) Turkey TRY 20,000 Versalis Intern. SA 100.00 100.00 F.C. Versalis México S. de R.L. de CV Mexico City (Mexico) Mexico MXN 1,000 Versalis Intern. SA 99.00 100.00 F.C. Versalis SpA 1.00 Versalis Pacific (India) Private Ltd Mumbai (India) India INR 238,700 Versalis Sing. P. Ltd 99.99 Eq. Third parties (..) Versalis Pacific Trading (Shanghai) Co Ltd Shanghai (China) China CNY 1,000,000 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapore (Singapore) Singapore SGD 80,000 Versalis SpA 100.00 100.00 F.C. Versalis UK Ltd London (United Kingdom) United Kingdom GBP 4,004,042 Versalis SpA 100.00 100.00 F.C. Versalis Zeal Ltd Tokoradi (Ghana) Ghana GHS 5,650,000 Versalis Intern. 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 interests in joint arrangements and associates | Refining & Marketing and Chemical Refining & Marketing Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) In Italy Arezzo Gas SpA (†) Arezzo Italy EUR 394,000 Eni Fuel SpA 50.00 Eq. Third parties 50.00 CePIM Centro Padano Interscambio Merci SpA Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA 44.78 Eq. Third parties 55.22 Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Eni Fuel SpA 25.00 Co. Third parties 75.00 Costiero Gas Livorno SpA (†) Livorno Italy EUR 26,000,000 Eni Fuel SpA 65.00 65.00 J.O. Third parties 35.00 Disma SpA Segrate (MI) Italy EUR 2,600,000 Eni Fuel SpA 25.00 Eq. Third parties 75.00 Livorno LNG Terminal SpA (in liquidation) Livorno Italy EUR 200,000 Costiero Gas Liv. SpA 50.00 Co. Third parties 50.00 Porto Petroli di Genova SpA Genova Italy EUR 2,068,000 Ecofuel SpA 40.50 Eq. Third parties 59.50 Raffineria di Milazzo ScpA (†) Milazzo (ME) Italy EUR 171,143,000 Eni SpA 50.00 50.00 J.O. Third parties 50.00 Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA 25.00 Eq. Third parties 75.00 Sigea Sistema Integrato Genova Arquata SpA Genova Italy EUR 3,326,900 Ecofuel SpA 35.00 Eq. Third parties 65.00 Società Oleodotti Meridionali - SOM SpA (†) Rome Italy EUR 3,085,000 Eni SpA 70.00 Eq. Third parties 30.00 South Italy Green Hydrogen Srl (†) Rome Italy EUR 10,000 Eni SpA 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. Consolidation Registered Country of Share % % Equity or valutation Company name office operation Currency Capital Shareholders Ownership ratio method(*) Outside Italy 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 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 Co. Third parties 60.00 ENEOS Italsing Pte Ltd Singapore (Singapore) Singapore SGD 12,000,000 Eni International BV 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 International BV 20.00 Eq. Third parties 80.00 Saraco SA Meyrin (Switzerland) Switzerland CHF 420,000 Eni Suisse SA 20.00 Co. Third parties 80.00 Supermetanol CA (†) Jose Puerto La Cruz (Venezuela) Venezuela VED 0 Ecofuel SpA 34.51 (a) 50.00 J.O. Supermetanol CA 30.07 Third parties 35.42 TBG Tanklager Betriebsgesellschaft GmbH (†) Salzburg (Austria) Austria EUR 43,603.70 Eni Market.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 (a) Controlling interest: Ecofuel SpA 50.00 Third parties 50.00 Chemical Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) In Italy 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 5,270,466 Versalis SpA 19.74 Eq. Eni Rewind SpA 11.58 S.E.F. Srl 10.70 Third parties 57.98 Matrìca SpA (†) Porto Torres (SS) Italy EUR 37,500,000 Versalis SpA 50.00 Eq. Third parties 50.00 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 42.13 Eq. EniPower SpA 30.37 Ecofuel SpA 1.85 Third parties 25.65 Servizi Porto Marghera Scarl Venezia Marghera (VE) Italy EUR 8,695,718 Versalis SpA 48.44 Eq. Eni Rewind SpA 38.39 Third parties 13.17 Outside Italy Lotte Versalis Elastomers Co Ltd (†) Yeosu (South Korea) South Korea KRW 551,800,000,000 Versalis SpA 50.00 Eq. Third parties 50.00 Versalis Chem-invest LLP (†) Uralsk City (Kazakhstan) Kzakhstan 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 (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | Refining & Marketing and Chemical Refining & Marketing Registered Country of Share % Consolidation or Company name office operation Currency Capital Shareholders Ownership valutation method(*) Outside Italy BFS Berlin Fuelling Services GbR Berlin (Germany) Germany EUR 89,199 Eni Deutsch.GmbH 12.50 F.V. Third parties 87.50 Compania de Economia Mixta ‘Austrogas’ Cuenca (Ecuador) Ecuador USD 6,863,493 Eni Ecuador SA 13.38 F.V. Third parties 86.62 Dépôts Pétroliers de Fos SA Fos-Sur-Mer (France) France EUR 3,954,196.40 Eni France Sàrl 16.81 F.V. Third parties 83.19 Dépôt Pétrolier de la Côte d’Azur SAS Nanterre (France) France EUR 207,500 Eni France Sàrl 18.00 F.V. Third parties 82.00 Joint Inspection Group Ltd Cambourne (United Kingdom) United Kingdom GBP 0 (a) Eni SpA 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 10.00 F.V. Third parties 90.00 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 Sistema Integrado de Gestion de Aceites Usados Madrid (Spain) Spain EUR 175,713 Eni Iberia SLU 15.45 F.V. Third parties 84.55 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 16.27 F.V. Third parties 83.73 Tema Lube Oil Co Ltd Accra (Ghana) Ghana GHS 258,309 Eni International BV 12.00 F.V. Third parties 88.00 (a) Chemical In Italy Novamont SpA Novara Italy EUR 13,333,500 Versalis SpA 25.00 F.V. Third parties 75.00 |
Plenitude & Power | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Plenitude & Power Plenitude Share % % Equity Consolidation or Company name Registered office Country of operation h Currency Capital Shareholders Ownership ratio valutation method (*) In Italy 4Energia Srl Milan Italy EUR 400,000 Be Power SpA 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 gas e luce SpA SB 99.19 (a) 100.00 F.C. Third parties 0.81 CEF 3 Wind Energy SpA Milan Italy EUR 101,000 Eni New Energy SpA 100.00 100.00 F.C. CGDB Enrico Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. CGDB Laerte Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Eni gas e luce SpA Società Benefit San Donato Milanese (MI) Italy EUR 770,000,000 Eni SpA 100.00 100.00 F.C. Eni New Energy SpA San Donato Milanese (MI) Italy EUR 9,296,000 Eni gas e luce SpA SB 100.00 100.00 F.C. Eolica Lucana Srl Milan Italy EUR 100,000 Eni New Energy SpA 100.00 100.00 F.C. Evolvere SpA Società Benefit Milan Italy EUR 1,130,000 Eni gas e luce SpA SB 70.52 70.52 F.C. Third parties 29.48 Evolvere Venture SpA Milan Italy EUR 50,000 Evolvere SpA Soc. Ben. 100.00 70.52 F.C. Finpower Wind Srl Milan Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Green Energy Management Services Srl Rome Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. SEA SpA L'Aquila Italy EUR 100,000 Eni gas e luce SpA SB 60.00 60.00 F.C. Third parties 40.00 Società Energie Rinnovabili 1 SpA Rome Italy EUR 120,000 SER SpA 96.00 100.00 F.C. CEF 3 Wind Energy 4.00 Società Energie Rinnovabili SpA Palermo Italy EUR 121,636 CEF 3 Wind Energy 100.00 100.00 F.C. Wind Park Laterza Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. (a) Controlling interest: Eni gas e luce SpA SB 100.00 Consolidation or Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio valutation method (*) Outside Italy Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana Ljubljana (Slovenia) Slovenia EUR 12,956,935 Eni gas e luce SpA SB 51.00 51.00 F.C. Third parties 49.00 Aldro Energía y Soluciones SLU Torrelavega (Spain) Spain EUR 3,192,000 Eni gas e luce SpA SB 100.00 100.00 F.C. Aleria Solar SAS Bastia (France) France EUR 100 Dhamma Energy SAS 100.00 100.00 F.C. Alpinia Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Argon SAS Argenteuil (France) France EUR 180,000 Dhamma Energy SAS 100.00 100.00 F.C. Arm Wind Llp Nur-Sultan (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. Belle Magiocche Solaire SAS Bastia (France) France EUR 10,000 Dhamma Energy SAS 100.00 100.00 F.C. Bonete Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Brazoria Class B Member Llc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 Eq. Brazoria County Solar Project Llc Dover (USA) USA USD 1,000 Eni New Energy US Hold 100.00 100.00 F.C. Brazoria HoldCo Llc Dover (USA) USA USD 1,000 Brazoria Class B 100.00 Camelia Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Celtis Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Desarrollos Empresariales Illas SL Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 55.00 55.00 F.C. Third parties 45.00 Desarrollos Energéticos Riojanos SL Villarcayo de Merindad de Castilla la Vieja (Spain) Spain EUR 876,042 Eni gas e luce SpA SB 60.00 100.00 F.C. Energías Amb. Outes 40.00 Dhamma Energy Development SAS Argenteuil (France) France EUR 51,000 Dhamma Energy Group 100.00 100.00 F.C. Dhamma Energy Group Sàrl Dudelange (Luxembourg) Luxembourg EUR 10,253,560 Eni gas e luce SpA SB 100.00 100.00 F.C. Dhamma Energy Management SLU Madrid (Spain) Spain EUR 6,680 Dhamma Energy Group 100.00 100.00 F.C. Dhamma Energy Rooftop SAS Argenteuil (France) France EUR 40,000 Dhamma Energy Group 100.00 100.00 F.C. Dhamma Energy SAS Argenteuil (France) France EUR 1,116,489.72 Dhamma Energy Group 100.00 100.00 F.C. Ecovent Parc Eolic SAU Madrid (Spain) Spain EUR 1,037,350 Eni gas e luce SpA SB 100.00 100.00 F.C. (*) Consolidation or Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio valutation method (*) Energias Ambientales de Outes SLU Madrid (Spain) Spain EUR 643,451.49 Eni gas e luce SpA SB 100.00 100.00 F.C. Energias Alternativas Eolicas Riojanas SL Logroño (Spain) Spain EUR 2,008,901.71 Eni gas e luce SpA SB 57.50 100.00 F.C. Des. En. Riojanos SL 42.50 Eni Energy Solutions BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni gas e luce SpA SB 100.00 100.00 F.C. Eni Gas & Power France SA Levallois Perret (France) France EUR 29,937,600 Eni gas e luce SpA SB 99.87 99.87 F.C. Third parties 0.13 Eni New Energy Australia Pty Ltd Perth (Australia) Australia AUD 4 Eni gas e luce SpA SB 100.00 Eq. Eni New Energy Batchelor Pty Ltd Perth (Australia) Australia AUD 1 Eni New Energ. Austr. 100.00 Eni New Energy Katherine Pty Ltd Perth (Australia) Australia AUD 1 Eni New Energ. Austr. 100.00 Eni New Energy Manton Dam Pty Ltd Perth (Australia) Australia AUD 1 Eni New Energ. Austr. 100.00 Eni New Energy Pakistan (Private) Ltd Saddar Town-Karachi (Pakistan) Pakistan PKR 1,252,000,000 Eni International BV 99.98 100.00 F.C. Eni Oil Hold. BV 0.01 Eni Pakistan Ltd (M) 0.01 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 gas e luce 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 North Sea Wind Ltd London (United Kingdom) United Kingdom GBP 10,000 Eni Energy Solutions BV 100.00 100.00 F.C. Estanque Redondo Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Gas Supply Company Thessaloniki - Thessalia SA Thessaloniki (Greece) Greece EUR 13,761,788 Eni gas e luce SpA SB 100.00 100.00 F.C. Holding Lanas Solar Sàrl Argenteuil (France) France EUR 100 Dhamma Energy SAS 100.00 100.00 F.C. Instalaciones Martínez Díez SLU Torrelavega (Spain) Spain EUR 18,030 Eni gas e luce SpA SB 100.00 100.00 F.C. Ixia Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Krypton SAS Argenteuil (France) France EUR 180,000 Dhamma Energy SAS 100.00 100.00 F.C. Lanas Solar SAS Argenteuil (France) France EUR 100 Holding Lanas Solar 100.00 100.00 F.C. Membrio Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Olea Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Opalo Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Pistacia Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) POP Solar SAS Argenteuil (France) France EUR 1,000 Dhamma Energy Group 100.00 100.00 F.C. Tebar Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Xenon SAS Argenteuil (France) France EUR 1,500,100 Dhamma Energy SAS 0.01 (a) 100.00 F.C. Third parties 99.99 Zinnia Solar SLU Madrid (Spain) Spain EUR 3,000 Dhamma Energy Group 100.00 100.00 F.C. Power In Italy EniPower Mantova SpA San Donato Milanese (MI) Italy EUR 144,000,000 EniPower SpA 86.50 86.50 F.C. Third parties 13.50 EniPower SpA San Donato Milanese (MI) Italy EUR 944,947,849 Eni 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 (a) Controlling interest: Dhamma Energy SAS 100.00 |
Schedule of interests in joint arrangements and associates | Plenitude & Power Plenitude Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method (*) In Italy E-Prosume Srl (†) Milan Italy EUR 100,000 Evolvere Venture SpA 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 gas e luce SpA SB 51.00 Eq. Third parties 49.00 Renewable Dispatching Srl Milan Italy EUR 200,000 Evolvere Venture SpA 40.00 Eq. Third parties 60.00 Tate Srl Bologna Italy EUR 408,509.29 Evolvere Venture SpA 36.00 Eq. Third parties 64.00 Outside Italy 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 Meyreuil (France) France EUR 25,000 Dhamma Energy SAS 40.00 Eq. Third parties 60.00 Doggerbank Offshore Wind Farm Project 1 Holdco Ltd (†) Reading (United Kingdom) United Kingdom GBP 1,000 Eni North Sea Wind 20.00 Eq. Third parties 80.00 Doggerbank Offshore Wind Farm Project 2 Holdco Ltd (†) Reading (United Kingdom) United Kingdom GBP 1,000 Eni North Sea Wind 20.00 Eq. Third parties 80.00 Enera Conseil SAS(†) Clichy (France) France EUR 9,690 Eni G&P France SA 51.00 Eq. Third parties 49.00 Fotovoltaica Escudero SL Valencia (Spain) Spain EUR 3,000 Dhamma Energy Group 45.00 Eq. Third parties 55.00 Gas Distribution Company of Thessaloniki - Thessaly SA (†) Ampelokipi-Menemeni (Greece) Greece EUR 247,127,605 Eni gas e luce SpA SB 49.00 Co. Third parties 51.00 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 OVO Energy (France) SAS Paris (France) France EUR 66,666.66 Eni gas e luce SpA SB 25.00 Eq. Third parties 75.00 Vårgrønn AS (†) Stavanger (Norway) Norway NOK 100,000 Eni En. Solutions BV 69.60 Eq. Third parties 30.40 Power In Italy Società EniPower Ferrara Srl (†) San Donato Milanese (MI) Italy EUR 140,000,000 EniPower SpA 51.00 51.00 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 (†) Jointly controlled entity. |
Corporate and Other activities | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) In Italy Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. D-Service Media Srl (in liquidation) Milan Italy EUR 75,000 D-Share SpA 100.00 Eq. 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 Nuova Energia 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. Serfactoring SpA San Donato Milanese (MI) Italy EUR 5,160,000 Eni SpA 100.00 100.00 F.C. Servizi Aerei SpA San Donato Milanese (MI) Italy EUR 48,205,536 Eni SpA 100.00 100.00 F.C. Outside Italy 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 D-Share USA Corp. New York (USA) USA USD 0 (a) D-Share SpA 100.00 Co. Eni Finance International SA Bruxelles (Belgium) Belgium USD 1,480,365,336 Eni International BV 66.39 100.00 F.C. Eni SpA 33.61 Eni Finance USA Inc Dover (USA) USA USD 15,000,000 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 99.99 100.00 F.C. Eni UK Ltd (..) 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 Eni Progetti SpA 99.00 Eni SpA 1.00 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. Other activities Registered Country of Share % % Equity Consolidation or Company name office operation Currency Capital Shareholders Ownership ratio valutation method(*) In Italy Eni Rewind SpA San Donato Milanese (MI) Italy EUR 281,857,871.44 Eni SpA 99.99 100.00 F.C. Third parties (..) 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 Ing. Luigi Conti Vecchi SpA Assemini (CA) Italy EUR 5,518,620.64 Eni Rewind SpA 100.00 100.00 F.C. Outside Italy 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.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 | Company name Registered Country of Share % % Equity Consolidation or In Italy office operation Currency Capital Shareholders Ownership ratio valutation method(*) Consorzio per l'attuazione del Progetto Divertor Tokamak Test DTT Scarl (†) Frascati (RM) Italy EUR 1,000,000 Eni SpA 25.00 Co. Third parties 75.00 Saipem SpA (#) (†) San Donato Milanese (MI) Italy EUR 2,191,384,693 Eni SpA 30.54 (a) Eq. Saipem SpA 2.12 Third parties 67.34 Outside Italy Commonwealth Fusion Systems Llc Wilmington (USA) USA USD 215,000,514.83 Eni Next Llc Eq. Third parties CZero Inc Wilmington (USA) USA USD 8,116,660.78 Eni Next Llc Eq. Third parties Form Energy Inc Somerville (USA) USA USD 328,901,396.67 Eni Next Llc Eq. Third parties Obantarla Corp. Wilmington (USA) USA USD 20,499,995 Eni Next Llc Eq. Third parties sHYp BV PBC Wilmington (USA) USA USD 3,000,000 Eni Next Llc Eq. Third parties Tecninco Engineering Contractors Llp (†) Aksai (Kazakhstan) Kazakhstan KZT 29,478,455 Eni Progetti SpA 49.00 Eq. Third parties 51.00 Thiozen Inc Wilmington (USA) USA USD 2,999,987.81 Eni Next Llc Eq. Third parties Other activities In Italy HEA SpA (†) Bologna Italy EUR 50,000 Eni Rewind SpA 50.00 Co. Third parties 50.00 Progetto Nuraghe Scarl Porto Torres (SS) Italy EUR 10,000 Eni Rewind SpA 48.55 Eq. Third parties 51.45 (*) 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 in the regulated market of Italy or of other EU countries (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | Other activities In Italy Ottana Sviluppo ScpA (in bankruptcy) Nuoro Italy EUR 516,000 Eni Rewind SpA 30.00 F.V. Third parties 70.00 (*) |
Risks and uncertainties - Impac
Risks and uncertainties - Impact of COVID-19 pandemic (Details) € in Millions, m³ in Billions | Dec. 31, 2021EUR (€) | Mar. 31, 2022$ / bbl | Dec. 31, 2021EUR (€)$ / bblm³ | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) |
COVID-19 impact | |||||
Percentage of increase (decrease) in oil price | 70.00% | ||||
Brent price per bbl | $ / bbl | 130 | 71 | |||
Profit (loss) | € 5,840 | € (8,628) | € 155 | ||
Net cash provided from operating activities | 12,861 | € 4,822 | € 12,392 | ||
Increase (decrease) in net cash provided by operating activities | 8,000 | ||||
Blue Stream | |||||
COVID-19 impact | |||||
Net assets (liabilities) | € 40 | € 40 | |||
% Ownership | 50.00% | ||||
Russia | |||||
COVID-19 impact | |||||
Percentage of Eni's purchases of natural gas | 43.00% | ||||
Contractual purchases of natural gas | m³ | 30 | ||||
Contractual purchases of natural gas destined to Italy | m³ | 22 |
Significant accounting polici_4
Significant accounting policies, estimates and judgements - Currency (Details) | 12 Months Ended | ||||||||||||||
Dec. 31, 2021€ / $ | Dec. 31, 2021€ / £€ / $ | Dec. 31, 2021€ / $€ / $ | Dec. 31, 2020€ / $ | Dec. 31, 2020€ / $€ / £ | Dec. 31, 2020€ / $€ / $ | Dec. 31, 2019€ / $ | Dec. 31, 2019€ / $€ / £ | Dec. 31, 2019€ / $€ / $ | Dec. 31, 2021€ / £ | Dec. 31, 2021€ / $ | Dec. 31, 2020€ / £ | Dec. 31, 2020€ / $ | Dec. 31, 2019€ / £ | Dec. 31, 2019€ / $ | |
Significant accounting policies, estimates and judgements | |||||||||||||||
Annual average exchange rate | 1.18 | 0.86 | 1.57 | 1.14 | 0.89 | 1.66 | 1.12 | 0.88 | 1.61 | ||||||
Exchange rate | 1.13 | 1.13 | 1.13 | 1.23 | 1.23 | 1.23 | 1.12 | 1.12 | 1.12 | 0.84 | 1.56 | 0.90 | 1.59 | 0.85 | 1.60 |
Significant accounting polici_5
Significant accounting policies, estimates and judgements - Additional information (Details) | 12 Months Ended |
Dec. 31, 2021 | |
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 |
Changes in accounting policies
Changes in accounting policies (Details) $ in Millions | Dec. 31, 2021USD ($) |
Changes in accounting policies | |
Nominal amount of instruments affected by amendments for interest rate benchmark reform | $ 1,750 |
IFRSs not yet adopted - carryin
IFRSs not yet adopted - carrying amount of the net assets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Change in classification | |||
Cash and cash equivalents | € 8,254 | € 9,413 | |
Other current assets | 13,634 | 2,686 | |
Property, plant and equipment | 56,299 | 53,943 | € 62,192 |
Other non-current assets | 1,029 | 1,253 | |
Non-current assets | 79,888 | 76,746 | |
TOTAL ASSETS | 137,765 | 109,648 | |
Current financial liabilities | 5,028 | 5,640 | |
Other current liabilities | 15,756 | 4,872 | |
Non-current financial liabilities | 28,103 | 26,064 | |
Other non-current liabilities | 2,246 | 1,877 | |
Non-current liabilities | 49,970 | 48,464 | |
TOTAL LIABILITIES | 93,246 | € 72,155 | |
Mozambique Rovuma Venture SpA | |||
Change in classification | |||
Current assets | 202 | ||
Non-current assets | 3,810 | ||
TOTAL ASSETS | 4,012 | ||
Current liabilities | 162 | ||
Non-current liabilities | 2,856 | ||
TOTAL LIABILITIES | 3,018 | ||
Mozambique Rovuma Venture SpA | Reclassification of investment from joint operation to joint venture | |||
Change in classification | |||
Cash and cash equivalents | 29 | ||
Other current assets | 43 | ||
Current assets | 72 | ||
Property, plant and equipment | 1,318 | ||
Other non-current assets | 42 | ||
Non-current assets | 1,360 | ||
TOTAL ASSETS | 1,432 | ||
Current financial liabilities | 2 | ||
Other current liabilities | 56 | ||
Current liabilities | 58 | ||
Non-current financial liabilities | 1,008 | ||
Provisions | 7 | ||
Other non-current liabilities | 4 | ||
Non-current liabilities | 1,019 | ||
TOTAL LIABILITIES | 1,077 | ||
TOTAL NET ASSETS | € 355 |
Business combinations and oth_3
Business combinations and other significant transactions - Balance sheet values of the business (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Nov. 02, 2021 | Oct. 28, 2021 | Oct. 22, 2021 | Oct. 04, 2021 | Jul. 29, 2021 | Jun. 03, 2021 | Apr. 07, 2021 | Mar. 10, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Business combinations | |||||||||||
Cash and cash equivalents | € 163 | ||||||||||
Current financial assets | 208 | ||||||||||
Other current assets | 632 | € 15 | € 1 | ||||||||
Current assets | 1,003 | ||||||||||
Property, plant and equipment | 1,066 | ||||||||||
Goodwill | 1,574 | ||||||||||
Other non-current assets | 436 | ||||||||||
Non-current assets | 3,076 | 193 | 12 | ||||||||
TOTAL ASSETS | 4,079 | ||||||||||
Current financial liabilities | 267 | ||||||||||
Other current liabilities | 380 | ||||||||||
Current liabilities | 647 | ||||||||||
Non-current financial liabilities | 718 | ||||||||||
Provisions | 8 | ||||||||||
Deferred tax liabilities | 135 | ||||||||||
Other non-current liabilities | 246 | ||||||||||
Non-current liabilities | 1,107 | ||||||||||
TOTAL LIABILITIES | 1,754 | ||||||||||
Equity attributable to Eni | 2,321 | ||||||||||
Non-controlling interest | 4 | € 15 | € 2 | ||||||||
TOTAL EQUITY | 2,325 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 4,079 | ||||||||||
Union Fenosa Gas SA | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 42 | € 42 | |||||||||
Other current assets | 370 | ||||||||||
Current assets | 412 | ||||||||||
Property, plant and equipment | 335 | ||||||||||
Goodwill | 2 | € 2 | |||||||||
Other non-current assets | 41 | ||||||||||
Non-current assets | 378 | ||||||||||
TOTAL ASSETS | 790 | ||||||||||
Current financial liabilities | 35 | ||||||||||
Other current liabilities | 224 | ||||||||||
Current liabilities | 259 | ||||||||||
Non-current financial liabilities | 135 | ||||||||||
Deferred tax liabilities | 15 | ||||||||||
Other non-current liabilities | 181 | ||||||||||
Non-current liabilities | 331 | ||||||||||
TOTAL LIABILITIES | 590 | ||||||||||
Equity attributable to Eni | 200 | ||||||||||
TOTAL EQUITY | 200 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 790 | ||||||||||
Aldro Energa Y Soluciones SLU | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 7 | € 7 | |||||||||
Other current assets | 78 | ||||||||||
Current assets | 85 | ||||||||||
Goodwill | 168 | € 168 | |||||||||
Other non-current assets | 69 | ||||||||||
Non-current assets | 237 | ||||||||||
TOTAL ASSETS | 322 | ||||||||||
Current financial liabilities | 36 | ||||||||||
Other current liabilities | 37 | ||||||||||
Current liabilities | 73 | ||||||||||
Non-current financial liabilities | 7 | ||||||||||
Deferred tax liabilities | 7 | ||||||||||
Other non-current liabilities | 14 | ||||||||||
Non-current liabilities | 28 | ||||||||||
TOTAL LIABILITIES | 101 | ||||||||||
Equity attributable to Eni | 221 | ||||||||||
TOTAL EQUITY | 221 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 322 | ||||||||||
FRI-EL Biogas Holding SpA | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 13 | € 13 | |||||||||
Other current assets | 23 | ||||||||||
Current assets | 36 | ||||||||||
Property, plant and equipment | 38 | ||||||||||
Goodwill | 80 | € 80 | |||||||||
Other non-current assets | 15 | ||||||||||
Non-current assets | 133 | ||||||||||
TOTAL ASSETS | 169 | ||||||||||
Current financial liabilities | 11 | ||||||||||
Other current liabilities | 7 | ||||||||||
Current liabilities | 18 | ||||||||||
Non-current financial liabilities | 16 | ||||||||||
Provisions | 1 | ||||||||||
Other non-current liabilities | 1 | ||||||||||
Non-current liabilities | 18 | ||||||||||
TOTAL LIABILITIES | 36 | ||||||||||
Equity attributable to Eni | 132 | ||||||||||
Non-controlling interest | 1 | ||||||||||
TOTAL EQUITY | 133 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 169 | ||||||||||
Portfolio Of Thirteen Onshore Wind Facilities | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 41 | € 41 | |||||||||
Current financial assets | 150 | ||||||||||
Other current assets | 32 | ||||||||||
Current assets | 223 | ||||||||||
Property, plant and equipment | 423 | ||||||||||
Goodwill | 302 | € 302 | |||||||||
Other non-current assets | 43 | ||||||||||
Non-current assets | 768 | ||||||||||
TOTAL ASSETS | 991 | ||||||||||
Current financial liabilities | 79 | ||||||||||
Other current liabilities | 22 | ||||||||||
Current liabilities | 101 | ||||||||||
Non-current financial liabilities | 327 | ||||||||||
Provisions | 4 | ||||||||||
Deferred tax liabilities | 62 | ||||||||||
Other non-current liabilities | 12 | ||||||||||
Non-current liabilities | 405 | ||||||||||
TOTAL LIABILITIES | 506 | ||||||||||
Equity attributable to Eni | 485 | ||||||||||
TOTAL EQUITY | 485 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 991 | ||||||||||
Dhamma Energy Group | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 10 | € 10 | |||||||||
Current financial assets | 29 | ||||||||||
Other current assets | 2 | ||||||||||
Current assets | 41 | ||||||||||
Property, plant and equipment | 119 | ||||||||||
Goodwill | 120 | € 120 | |||||||||
Other non-current assets | 15 | ||||||||||
Non-current assets | 254 | ||||||||||
TOTAL ASSETS | 295 | ||||||||||
Other current liabilities | 4 | ||||||||||
Current liabilities | 4 | ||||||||||
Non-current financial liabilities | 140 | ||||||||||
Deferred tax liabilities | 8 | ||||||||||
Non-current liabilities | 148 | ||||||||||
TOTAL LIABILITIES | 152 | ||||||||||
Equity attributable to Eni | 140 | ||||||||||
Non-controlling interest | 3 | ||||||||||
TOTAL EQUITY | 143 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 295 | ||||||||||
Portfolio Of Nine Renewable Energy Projects | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 5 | € 5 | |||||||||
Current financial assets | 6 | ||||||||||
Other current assets | 7 | ||||||||||
Current assets | 18 | ||||||||||
Property, plant and equipment | 57 | ||||||||||
Goodwill | 81 | € 81 | |||||||||
Other non-current assets | 25 | ||||||||||
Non-current assets | 163 | ||||||||||
TOTAL ASSETS | 181 | ||||||||||
Current financial liabilities | 4 | ||||||||||
Other current liabilities | 2 | ||||||||||
Current liabilities | 6 | ||||||||||
Non-current financial liabilities | 39 | ||||||||||
Deferred tax liabilities | 8 | ||||||||||
Other non-current liabilities | 10 | ||||||||||
Non-current liabilities | 57 | ||||||||||
TOTAL LIABILITIES | 63 | ||||||||||
Equity attributable to Eni | 118 | ||||||||||
TOTAL EQUITY | 118 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 181 | ||||||||||
Finproject SpA | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 21 | € 21 | |||||||||
Other current assets | 92 | ||||||||||
Current assets | 113 | ||||||||||
Property, plant and equipment | 35 | ||||||||||
Goodwill | 93 | € 93 | |||||||||
Other non-current assets | 205 | ||||||||||
Non-current assets | 333 | ||||||||||
TOTAL ASSETS | 446 | ||||||||||
Current financial liabilities | 102 | ||||||||||
Other current liabilities | 54 | ||||||||||
Current liabilities | 156 | ||||||||||
Non-current financial liabilities | 4 | ||||||||||
Provisions | 1 | ||||||||||
Deferred tax liabilities | 35 | ||||||||||
Other non-current liabilities | 2 | ||||||||||
Non-current liabilities | 42 | ||||||||||
TOTAL LIABILITIES | 198 | ||||||||||
Equity attributable to Eni | 248 | ||||||||||
TOTAL EQUITY | 248 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 446 | ||||||||||
Be Power | |||||||||||
Business combinations | |||||||||||
Cash and cash equivalents | 24 | € 24 | |||||||||
Current financial assets | 23 | ||||||||||
Other current assets | 22 | ||||||||||
Current assets | 69 | ||||||||||
Property, plant and equipment | 29 | ||||||||||
Goodwill | 728 | € 728 | |||||||||
Other non-current assets | 10 | ||||||||||
Non-current assets | 767 | ||||||||||
TOTAL ASSETS | 836 | ||||||||||
Other current liabilities | 30 | ||||||||||
Current liabilities | 30 | ||||||||||
Non-current financial liabilities | 38 | ||||||||||
Provisions | 2 | ||||||||||
Other non-current liabilities | 2 | ||||||||||
Non-current liabilities | 42 | ||||||||||
TOTAL LIABILITIES | 72 | ||||||||||
Equity attributable to Eni | 764 | ||||||||||
TOTAL EQUITY | 764 | ||||||||||
TOTAL LIABILITIES AND EQUITY | 836 | ||||||||||
Other Acquisitions And Businesses | |||||||||||
Business combinations | |||||||||||
Other current assets | 6 | ||||||||||
Current assets | 6 | ||||||||||
Property, plant and equipment | 30 | ||||||||||
Other non-current assets | 13 | ||||||||||
Non-current assets | 43 | ||||||||||
TOTAL ASSETS | 49 | ||||||||||
Non-current financial liabilities | 12 | ||||||||||
Other non-current liabilities | 24 | ||||||||||
Non-current liabilities | 36 | ||||||||||
TOTAL LIABILITIES | 36 | ||||||||||
Equity attributable to Eni | 13 | ||||||||||
TOTAL EQUITY | 13 | ||||||||||
TOTAL LIABILITIES AND EQUITY | € 49 |
Business combinations and oth_4
Business combinations and other significant transactions (Details) € in Millions, t in Millions | Nov. 02, 2021EUR (€) | Oct. 22, 2021EUR (€)MWGW | Oct. 04, 2021EUR (€)GWMW | Jul. 29, 2021EUR (€)MW | Jun. 03, 2021EUR (€)itemMW | Apr. 07, 2021EUR (€)customer | Feb. 26, 2021EUR (€)GWMW | Dec. 31, 2021EUR (€) | Oct. 28, 2021EUR (€) | Mar. 10, 2021EUR (€)t | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) |
Business combinations | ||||||||||||
Consideration | € 2,222 | € 112 | € 5 | |||||||||
Net financial liabilities | 614 | |||||||||||
Cash and cash equivalents | 163 | |||||||||||
Goodwill | 1,574 | |||||||||||
UK Dogger Bank | ||||||||||||
Business combinations | ||||||||||||
Cash consideration | € 480 | |||||||||||
Power generating capacity, projected | GW | 2.4 | |||||||||||
Proportion of ownership interest acquired | 20.00% | |||||||||||
Renewable energy capacity | MW | 480 | |||||||||||
Union Fenosa Gas SA | ||||||||||||
Business combinations | ||||||||||||
Cash adjustment | € 32 | |||||||||||
Net financial liabilities | 128 | |||||||||||
Cash and cash equivalents | 42 | 42 | ||||||||||
Net assets acquired | 200 | |||||||||||
Goodwill | € 2 | € 2 | ||||||||||
Damietta plant | ||||||||||||
Business combinations | ||||||||||||
Equity interest acquired (as a percent) | 50.00% | |||||||||||
Gas liquefaction capacity | t | 5.4 | |||||||||||
Eni Espana Comercializadora De Gas SAU | ||||||||||||
Business combinations | ||||||||||||
Equity interest acquired (as a percent) | 100.00% | |||||||||||
Aldro Energa Y Soluciones SLU | ||||||||||||
Business combinations | ||||||||||||
Equity interest acquired (as a percent) | 100.00% | 100.00% | ||||||||||
Cash consideration | € 221 | |||||||||||
Net financial liabilities | 36 | |||||||||||
Cash and cash equivalents | 7 | € 7 | ||||||||||
Goodwill | € 168 | € 168 | ||||||||||
Number of retail customers | customer | 250,000 | |||||||||||
FRI-EL Biogas Holding SpA | ||||||||||||
Business combinations | ||||||||||||
Equity interest acquired (as a percent) | 100.00% | 100.00% | ||||||||||
Cash consideration | € 132 | |||||||||||
Net financial liabilities | 14 | |||||||||||
Cash and cash equivalents | 13 | € 13 | ||||||||||
Goodwill | € 80 | 80 | ||||||||||
Number of plants owned | item | 21 | |||||||||||
Power generating capacity, existing or in advanced development | MW | 2 | |||||||||||
Portfolio Of Thirteen Onshore Wind Facilities | ||||||||||||
Business combinations | ||||||||||||
Cash consideration | € 485 | |||||||||||
Net financial liabilities | 215 | |||||||||||
Cash and cash equivalents | 41 | 41 | ||||||||||
Goodwill | € 302 | 302 | ||||||||||
Power generating capacity, existing or in advanced development | MW | 315 | |||||||||||
Dhamma Energy Group | ||||||||||||
Business combinations | ||||||||||||
Cash consideration | € 140 | |||||||||||
Net financial liabilities | 101 | |||||||||||
Cash and cash equivalents | 10 | 10 | ||||||||||
Goodwill | € 120 | 120 | ||||||||||
Power generating capacity, projected | GW | 3 | |||||||||||
Power generating capacity, existing or in advanced development | MW | 120 | |||||||||||
Portfolio Of Nine Renewable Energy Projects | ||||||||||||
Business combinations | ||||||||||||
Cash consideration | € 118 | |||||||||||
Net financial liabilities | 32 | |||||||||||
Cash and cash equivalents | 5 | 5 | ||||||||||
Goodwill | € 81 | 81 | ||||||||||
Portfolio Of Nine Renewable Energy Projects, wind farms | ||||||||||||
Business combinations | ||||||||||||
Power generating capacity, projected | MW | 234 | |||||||||||
Portfolio Of Nine Renewable Energy Projects, solar projects | ||||||||||||
Business combinations | ||||||||||||
Power generating capacity, existing or in advanced development | GW | 0.9 | |||||||||||
Finproject SpA | ||||||||||||
Business combinations | ||||||||||||
Equity interest acquired (as a percent) | 60.00% | |||||||||||
Cash consideration | € 149 | |||||||||||
Net financial liabilities | 85 | |||||||||||
Cash and cash equivalents | 21 | 21 | ||||||||||
Fair value of stake already owned | 99 | |||||||||||
Goodwill | € 93 | € 93 | ||||||||||
Be Power | ||||||||||||
Business combinations | ||||||||||||
Equity interest acquired (as a percent) | 100.00% | |||||||||||
Consideration paid | € 764 | |||||||||||
Percentage of consideration paid | 50.00% | |||||||||||
Net financial liabilities | € (9) | |||||||||||
Cash and cash equivalents | 24 | € 24 | ||||||||||
Goodwill | € 728 | € 728 | ||||||||||
Number of charging points | 6,000 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash and cash equivalents | ||
Cash and cash equivalents | € 8,254 | € 9,413 |
Financial assets, classified as cash equivalents | 5,496 | 6,913 |
Restricted cash | 115 | € 198 |
Euro | ||
Cash and cash equivalents | ||
Cash and cash equivalents | 5,589 | |
Financial assets, classified as cash equivalents | € 4,160 | |
Average maturity period | 15 days | |
Effective interest rate | 0.60% | |
US Dollars | ||
Cash and cash equivalents | ||
Cash and cash equivalents | € 2,415 | |
Financial assets, classified as cash equivalents | € 1,336 | |
Average maturity period | 7 days | |
Effective interest rate | 0.10% |
Financial assets held for tra_3
Financial assets held for trading (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets held for trading | ||
Financial assets held for trading | € 6,301 | € 5,502 |
Bonds issued by sovereign states | ||
Financial assets held for trading | ||
Financial assets held for trading | 1,149 | 1,223 |
Other | ||
Financial assets held for trading | ||
Financial assets held for trading | € 5,152 | € 4,279 |
Financial assets held for tra_4
Financial assets held for trading - Breakdown by currency (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets held for trading | ||
Financial assets held for trading | € 6,301 | € 5,502 |
Euro | ||
Financial assets held for trading | ||
Financial assets held for trading | 3,913 | 3,731 |
US Dollars | ||
Financial assets held for trading | ||
Financial assets held for trading | 2,336 | 1,688 |
Other currencies | ||
Financial assets held for trading | ||
Financial assets held for trading | € 52 | € 83 |
Financial assets held for tra_5
Financial assets held for trading - Breakdown by issuing entity and credit rating (Details) - Financial assets held for trading € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€) | |
Financial assets held for trading | |
Nominal value | € 6,214 |
Fair value | 6,301 |
Quoted bonds issued by sovereign states | |
Financial assets held for trading | |
Nominal value | 1,133 |
Fair value | 1,149 |
Quoted bonds issued by sovereign states, Fixed rate bonds | |
Financial assets held for trading | |
Nominal value | 703 |
Fair value | 717 |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | |
Financial assets held for trading | |
Nominal value | 307 |
Fair value | € 315 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Fixed rate bonds | Chile | |
Financial assets held for trading | |
Nominal value | € 167 |
Fair value | € 170 |
Rating - Moody's | A1 |
Rating - S&P | A |
Quoted bonds issued by sovereign states, Fixed rate bonds | United States of America | |
Financial assets held for trading | |
Nominal value | € 122 |
Fair value | € 124 |
Rating - Moody's | Aaa |
Rating - S&P | AA+ |
Quoted bonds issued by sovereign states, Fixed rate bonds | Other countries | |
Financial assets held for trading | |
Nominal value | € 107 |
Fair value | € 108 |
Rating - Moody's | from Aaa to Baa1 |
Rating - S&P | from AAA to A- |
Quoted bonds issued by sovereign states, Floating rate bonds | |
Financial assets held for trading | |
Nominal value | € 430 |
Fair value | 432 |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | |
Financial assets held for trading | |
Nominal value | 390 |
Fair value | € 392 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Floating rate bonds | Switzerland | |
Financial assets held for trading | |
Nominal value | € 29 |
Fair value | € 29 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Quoted bonds issued by sovereign states, Floating rate bonds | Other countries | |
Financial assets held for trading | |
Nominal value | € 11 |
Fair value | € 11 |
Rating - Moody's | from Aaa to Baa2 |
Rating - S&P | from AA+ to BBB |
Other Bonds | |
Financial assets held for trading | |
Nominal value | € 5,081 |
Fair value | 5,152 |
Other Bonds Fixed rate bonds | |
Financial assets held for trading | |
Nominal value | 3,024 |
Fair value | 3,081 |
Other Bonds Fixed rate bonds | Quoted bonds issued by industrial companies | |
Financial assets held for trading | |
Nominal value | 1,792 |
Fair value | € 1,833 |
Rating - Moody's | from Aa1 to Baa3 |
Rating - S&P | from AA+ to BBB- |
Other Bonds Fixed rate bonds | Quoted bonds issued by financial and insurance companies | |
Financial assets held for trading | |
Nominal value | € 942 |
Fair value | € 955 |
Rating - Moody's | from Aaa to Baa3 |
Rating - S&P | from AAA to BBB- |
Other Bonds Fixed rate bonds | Other bond | |
Financial assets held for trading | |
Nominal value | € 290 |
Fair value | € 293 |
Rating - Moody's | from Aaa to Baa3 |
Rating - S&P | from AAA to BBB- |
Other Bonds Floating rate bonds | |
Financial assets held for trading | |
Nominal value | € 2,057 |
Fair value | 2,071 |
Other Bonds Floating rate bonds | Quoted bonds issued by industrial companies | |
Financial assets held for trading | |
Nominal value | 537 |
Fair value | € 540 |
Rating - Moody's | from Aa1 to Baa3 |
Rating - S&P | from AA+ to BBB- |
Other Bonds Floating rate bonds | Quoted bonds issued by financial and insurance companies | |
Financial assets held for trading | |
Nominal value | € 1,205 |
Fair value | € 1,215 |
Rating - Moody's | from Aa1 to Baa3 |
Rating - S&P | from AA+ to BBB- |
Other Bonds Floating rate bonds | Other bond | |
Financial assets held for trading | |
Nominal value | € 315 |
Fair value | € 316 |
Rating - Moody's | from Aa1 to Baa2 |
Rating - S&P | from AA+ to BBB |
Financial assets held for tra_6
Financial assets held for trading - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Financial assets held for trading | ||
Financial assets held for trading | € 6,301 | € 5,502 |
Financial assets held for trading | ||
Financial assets held for trading | ||
Fair value | 6,301 | |
Individual amount limit to be included in other related parties | 50 | |
Financial assets held for trading | Level 1 | ||
Financial assets held for trading | ||
Fair value | 5,749 | |
Financial assets held for trading | Level 2 | ||
Financial assets held for trading | ||
Fair value | 552 | |
Securities lending | ||
Financial assets held for trading | ||
Financial assets held for trading | € 1,398 | € 1,361 |
Trade and other receivables - A
Trade and other receivables - Analysis (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other receivables | ||
Trade receivables | € 15,524 | € 7,087 |
Receivables from divestments | 8 | 21 |
Receivables from joint ventures in exploration and production activities | 1,888 | 2,293 |
Other receivables | 1,430 | 1,525 |
Total trade and other current receivables | € 18,850 | € 10,926 |
Trade and other receivables - R
Trade and other receivables - Risk exposure and expected losses (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other receivables | ||
Trade and other current receivables | € 18,850 | € 10,926 |
Expected loss (% net of counterpart risk mitigation factors) | 14.90% | 22.40% |
Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 22,163 | € 14,083 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (3,313) | (3,157) |
Performing receivables | Low risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 6,508 | € 3,450 |
Expected loss (% net of counterpart risk mitigation factors) | 0.40% | 0.90% |
Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 6,533 | € 3,482 |
Performing receivables | Low risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (25) | (32) |
Performing receivables | Medium Risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 7,407 | € 3,795 |
Expected loss (% net of counterpart risk mitigation factors) | 5.30% | 0.60% |
Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 7,823 | € 3,816 |
Performing receivables | Medium Risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (416) | (21) |
Performing receivables | High Risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 766 | € 438 |
Expected loss (% net of counterpart risk mitigation factors) | 8.30% | 6.20% |
Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 835 | € 467 |
Performing receivables | High Risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (69) | (29) |
Defaulted receivables | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,162 | € 1,716 |
Expected loss (% net of counterpart risk mitigation factors) | 50.50% | 58.60% |
Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 4,371 | € 4,145 |
Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,209) | (2,429) |
Plenitude customers | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,007 | € 1,527 |
Expected loss (% net of counterpart risk mitigation factors) | 22.80% | 29.70% |
Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,601 | € 2,173 |
Plenitude customers | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (594) | (646) |
Business customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 13,354 | 5,927 |
Business customers | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 4,348 | 1,398 |
Business customers | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 6,628 | 2,746 |
Business customers | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 818 | 432 |
Business customers | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1,560 | 1,351 |
National Oil Companies and Public Administrations | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 3,890 | 4,121 |
National Oil Companies and Public Administrations | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 331 | 841 |
National Oil Companies and Public Administrations | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 884 | 620 |
National Oil Companies and Public Administrations | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1 | 7 |
National Oil Companies and Public Administrations | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 2,674 | 2,653 |
Other counterparties | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 4,919 | 4,035 |
Other counterparties | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1,854 | 1,243 |
Other counterparties | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 311 | 450 |
Other counterparties | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 16 | 28 |
Other counterparties | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 137 | 141 |
Other counterparties | Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,601 | € 2,173 |
Trade and other receivables - P
Trade and other receivables - Provision matrix (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other receivables | ||
Trade and other receivables | € 18,850 | € 10,926 |
Expected loss | 14.90% | 22.40% |
Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | € 22,163 | € 14,083 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other receivables | (3,313) | (3,157) |
Plenitude customers | ||
Trade and other receivables | ||
Trade and other receivables | € 2,007 | € 1,527 |
Expected loss | 22.80% | 29.70% |
Plenitude customers | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | € 1,709 | € 1,245 |
Expected loss | 3.60% | 3.60% |
Plenitude customers | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | € 113 | € 98 |
Expected loss | 16.30% | 19.00% |
Plenitude customers | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | € 39 | € 31 |
Expected loss | 40.90% | 41.50% |
Plenitude customers | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 48 | € 53 |
Expected loss | 52.00% | 51.80% |
Plenitude customers | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 98 | € 100 |
Expected loss | 81.40% | 83.30% |
Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | € 2,601 | € 2,173 |
Plenitude customers | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 1,772 | 1,291 |
Plenitude customers | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 135 | 121 |
Plenitude customers | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 66 | 53 |
Plenitude customers | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 100 | 110 |
Plenitude customers | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 528 | 598 |
Plenitude customers | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other receivables | (594) | (646) |
Plenitude customers | Accumulated impairment | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | (63) | (46) |
Plenitude customers | Accumulated impairment | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | (22) | (23) |
Plenitude customers | Accumulated impairment | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | (27) | (22) |
Plenitude customers | Accumulated impairment | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | (52) | (57) |
Plenitude customers | Accumulated impairment | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | (430) | (498) |
Plenitude customers | Retail customer | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 1,845 | 1,778 |
Plenitude customers | Retail customer | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 1,291 | 1,155 |
Plenitude customers | Retail customer | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 70 | 105 |
Plenitude customers | Retail customer | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 55 | 50 |
Plenitude customers | Retail customer | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 92 | 102 |
Plenitude customers | Retail customer | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 337 | 366 |
Plenitude customers | Middle customer | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 646 | 334 |
Plenitude customers | Middle customer | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 424 | 75 |
Plenitude customers | Middle customer | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 22 | 16 |
Plenitude customers | Middle customer | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 5 | 3 |
Plenitude customers | Middle customer | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 7 | 8 |
Plenitude customers | Middle customer | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 188 | 232 |
Plenitude customers | Other customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 110 | 61 |
Plenitude customers | Other customers | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 57 | € 61 |
Plenitude customers | Other customers | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 43 | |
Plenitude customers | Other customers | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 6 | |
Plenitude customers | Other customers | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 1 | |
Plenitude customers | Other customers | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 3 |
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, 2021 | Dec. 31, 2020 | |
Trade and other receivables | ||
Financial assets at beginning of period | € 3,157 | € 3,246 |
Deductions | (556) | (357) |
Other changes | 162 | (75) |
Financial assets at end of period | 3,313 | 3,157 |
Performing receivables | ||
Trade and other receivables | ||
Additions | 202 | 112 |
Deductions | (135) | (82) |
Defaulted receivables | ||
Trade and other receivables | ||
Additions | 348 | 231 |
Deductions | € (421) | € (275) |
Trade and other receivables - N
Trade and other receivables - Net (impairment losses) reversals (Details) - Trade and other receivables - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net (impairment losses) reversals of trade and other receivables | |||
New or increased provisions | € (550) | € (343) | € (620) |
Net credit losses | (66) | (36) | (45) |
Reversals | 337 | 153 | 233 |
Net (impairment losses) reversals of trade and other receivables | € (279) | € (226) | € (432) |
Trade and other receivables -_2
Trade and other receivables - Additional information (Details) € in Millions | 12 Months Ended | |
Dec. 31, 2021EUR (€)shareholder | Dec. 31, 2020EUR (€) | |
Trade and other receivables | ||
Increase In trade receivables | € 8,437 | |
Receivables sold without recourse | 2,059 | € 1,377 |
Receivables from joint ventures in exploration and production activities | 1,888 | 2,293 |
Other receivables | € 1,430 | € 1,525 |
Expected credit loss rate | 14.90% | 22.40% |
Trade and other current receivables | € 18,850 | € 10,926 |
Counterparty risk mitigation | 5,350 | 1,016 |
Gas take-or-pay contracts | ||
Trade and other receivables | ||
Other receivables | € 325 | |
Maximum | ||
Trade and other receivables | ||
Receivables, payment terms | 180 days | |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | € (3,313) | € (3,157) |
Defaulted receivables | ||
Trade and other receivables | ||
Expected credit loss rate | 50.50% | 58.60% |
Trade and other current receivables | € 2,162 | € 1,716 |
Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,209) | (2,429) |
Euro | ||
Trade and other receivables | ||
Trade and other current receivables | 12,275 | |
US Dollars | ||
Trade and other receivables | ||
Trade and other current receivables | 5,222 | |
Nigeria | ||
Trade and other receivables | ||
Receivables from joint ventures in exploration and production activities | 681 | 1,015 |
Nigerian National Oil Company | Nigeria | ||
Trade and other receivables | ||
Receivables from joint ventures in exploration and production activities | € 474 | 605 |
Percentage of recovery of overdue receivables through implementation of plan | 50.00% | |
Discount factor on receivables | 8.00% | |
Overdue percentage on receivables due from operations | 50.00% | |
Nigerian National Oil Company | Nigeria | Maximum | ||
Trade and other receivables | ||
Reimbursement of amount, period | 2 years | |
Nigerian Privately Held Oil Company | Nigeria | ||
Trade and other receivables | ||
Cash call exposure | € 195 | 134 |
PDVSA | Venezuela | ||
Trade and other receivables | ||
Other receivables | € 538 | 376 |
Number of shareholders who purchased the receivables | shareholder | 2 | |
Expected credit loss rate | 53.00% | |
Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | € (556) | (357) |
Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 202 | 112 |
Utilizations | (135) | (82) |
Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 348 | 231 |
Utilizations | (421) | (275) |
Global Gas & LNG Portfolio | ||
Trade and other receivables | ||
Increase In trade receivables | 5,636 | |
Receivables sold without recourse | 893 | |
Global Gas & LNG Portfolio | Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 94 | 7 |
Plenitude & Power | ||
Trade and other receivables | ||
Increase In trade receivables | 1,039 | |
Receivables sold without recourse | 396 | |
Plenitude & Power | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | (239) | (200) |
Plenitude & Power | Trade and other receivables | Accumulated impairment | Retail customer | ||
Trade and other receivables | ||
Utilizations | (196) | (178) |
Plenitude & Power | Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 71 | 84 |
Plenitude & Power | Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 101 | 97 |
Refining & Marketing and Chemical | ||
Trade and other receivables | ||
Increase In trade receivables | 1,405 | |
Receivables sold without recourse | 770 | |
Exploration & Production | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | (233) | (101) |
Exploration & Production | Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | € 229 | € 118 |
Current and non-current inven_3
Current and non-current inventories (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Current and non-current inventories | ||
Raw and auxiliary materials and consumables | € 1,001 | € 706 |
Consumables for infrastructure and facility maintenance of perforation activities | 1,611 | 1,580 |
Finished products and goods | 3,452 | 1,603 |
Other | 8 | 4 |
Inventories | € 6,072 | € 3,893 |
Current and non-current inven_4
Current and non-current inventories - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Current and non-current inventories | ||
Materials and supplies | € 1,611 | € 1,580 |
Finished products and goods | 3,452 | 1,603 |
Inventories | 6,072 | 3,893 |
Inventories held for compliance purposes | 1,053 | 995 |
Accumulated impairment | ||
Current and non-current inventories | ||
Inventories | (570) | (348) |
Natural gas and oil products | ||
Current and non-current inventories | ||
Finished products and goods | 2,414 | 874 |
Inventories pledged as security for liabilities | 269 | |
Chemical products | ||
Current and non-current inventories | ||
Finished products and goods | 626 | 443 |
Oil and petroleum | Italy | ||
Current and non-current inventories | ||
Inventories held for compliance purposes | 1,032 | 977 |
Exploration & Production | ||
Current and non-current inventories | ||
Materials and supplies | € 1,481 | € 1,463 |
Income tax receivables and pa_3
Income tax receivables and payables (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Income tax receivables and payables | ||
Income tax receivables, Current | € 195 | € 184 |
Income taxes receivables, Non current | 108 | 153 |
Income tax payables, Current | 648 | 243 |
Income tax payables, Non current | € 374 | € 360 |
Income tax receivables and pa_4
Income tax receivables and payables - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Income tax receivables and payables | ||
Pending litigation with tax authorities | € 230 | € 254 |
Other assets and liabilities (D
Other assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Other assets and liabilities | ||
Fair value of derivative financial instruments, current assets | € 12,460 | € 1,548 |
Other taxes, current assets | 442 | 450 |
Other assets, current | 732 | 688 |
Other current assets, total | 13,634 | 2,686 |
Fair value of derivative financial instruments, non-current assets | 51 | 152 |
Other taxes, non-current assets | 182 | 181 |
Other assets, non-current | 796 | 920 |
Other non-current assets, total | 1,029 | 1,253 |
Fair value of derivatives financial instruments, current liabilities | 12,911 | 1,609 |
Contract liabilities, current | 482 | 1,298 |
Other taxes, current liabilities | 1,435 | 1,124 |
Other liabilities, current | 928 | 841 |
Other current liabilities, total | 15,756 | 4,872 |
Fair value of derivatives financial instruments, non-current liabilities | 115 | 162 |
Contract liabilities, non-current | 726 | 394 |
Other taxes, non-current liabilities | 27 | 26 |
Other liabilities, non-current | 1,378 | 1,295 |
Other non-current liabilities, total | € 2,246 | € 1,877 |
Other assets and liabilities -
Other assets and liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Statement | ||
Value added tax receivables | € 498 | € 475 |
Current value added tax receivables | 340 | 315 |
Gas volume prepayments, current | 41 | 53 |
Gas volume prepayments, non-current | 94 | 651 |
Non-current receivables for investing activities | 23 | 11 |
Excise duties and consumer taxes | 700 | 516 |
Current value added tax payables | 248 | 212 |
Liabilities for prepaid revenues and income | 361 | 398 |
Current liabilities for prepaid revenues and income | 90 | 75 |
Cautionary deposits | 268 | 261 |
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 112 | 437 |
Payables related to investing activities | 103 | |
within 1 year | ||
Statement | ||
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 73 | 65 |
Over 12 months | ||
Statement | ||
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 39 | 372 |
Gas and electricity | ||
Statement | ||
Cautionary deposits | 223 | 228 |
Engie SA | ||
Statement | ||
Current advances received | 60 | 62 |
Non-current advances received | 333 | 393 |
Egyptian state-owned partners | ||
Statement | ||
Current advances received | 546 | |
Societa Oleodotti Meridionali SpA | ||
Statement | ||
Advances received | 391 | 394 |
Exploration & Production | ||
Statement | ||
Underlifting positions | 316 | 338 |
Overlifting imbalances | € 630 | € 559 |
Property, plant and equipment_2
Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | € 53,943 | € 62,192 |
Additions | 4,950 | 4,407 |
Depreciation capitalized | 118 | 104 |
Depreciation | (5,966) | (6,205) |
Reversals | 1,535 | 648 |
Impairment | (1,626) | (3,754) |
Write-off | (352) | (305) |
Currency translation differences | 3,688 | (4,140) |
Initial recognition and changes in estimates | 195 | 955 |
Changes in the scope of consolidation | (252) | |
Other changes | 66 | 41 |
Property, plant and equipment - end of the year | 56,299 | 53,943 |
Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,128 | 1,218 |
Additions | 18 | 12 |
Depreciation | (49) | (55) |
Reversals | 13 | |
Impairment | (101) | (82) |
Write-off | (1) | |
Currency translation differences | 2 | (2) |
Changes in the scope of consolidation | 22 | |
Transfers | 50 | 39 |
Other changes | 2 | (15) |
Property, plant and equipment - end of the year | 1,071 | 1,128 |
E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 39,648 | 46,492 |
Additions | 8 | 6 |
Depreciation | (5,421) | (5,642) |
Reversals | 1,080 | 183 |
Impairment | (90) | (1,551) |
Currency translation differences | 2,956 | (3,325) |
Initial recognition and changes in estimates | 200 | 870 |
Transfers | 3,841 | 2,677 |
Other changes | 120 | (62) |
Property, plant and equipment - end of the year | 42,342 | 39,648 |
Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 3,299 | 3,632 |
Additions | 277 | 229 |
Depreciation | (496) | (508) |
Reversals | 118 | 342 |
Impairment | (768) | (972) |
Write-off | (2) | (1) |
Currency translation differences | 66 | (75) |
Changes in the scope of consolidation | 1,001 | |
Transfers | 409 | 755 |
Other changes | (54) | (103) |
Property, plant and equipment - end of the year | 3,850 | 3,299 |
E&P exploration assets and appraisal | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,341 | 1,563 |
Additions | 380 | 265 |
Depreciation capitalized | 28 | 4 |
Write-off | (331) | (296) |
Currency translation differences | 106 | (119) |
Initial recognition and changes in estimates | (9) | (9) |
Changes in the scope of consolidation | (199) | |
Transfers | (44) | (47) |
Other changes | (28) | (20) |
Property, plant and equipment - end of the year | 1,244 | 1,341 |
E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 7,118 | 7,412 |
Additions | 3,413 | 3,127 |
Depreciation capitalized | 90 | 100 |
Reversals | 337 | 98 |
Impairment | (85) | (567) |
Write-off | (18) | (7) |
Currency translation differences | 546 | (605) |
Initial recognition and changes in estimates | 4 | 94 |
Changes in the scope of consolidation | (1,119) | |
Transfers | (3,797) | (2,630) |
Other changes | 56 | 96 |
Property, plant and equipment - end of the year | 6,545 | 7,118 |
Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,409 | 1,875 |
Additions | 854 | 768 |
Reversals | 12 | |
Impairment | (582) | (582) |
Write-off | (1) | |
Currency translation differences | 12 | (14) |
Changes in the scope of consolidation | 43 | |
Transfers | (459) | (794) |
Other changes | (30) | 145 |
Property, plant and equipment - end of the year | 1,247 | 1,409 |
Gross carrying amount | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 184,641 | |
Property, plant and equipment - end of the year | 198,746 | 184,641 |
Gross carrying amount | Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 4,082 | |
Property, plant and equipment - end of the year | 4,175 | 4,082 |
Gross carrying amount | E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 136,468 | |
Property, plant and equipment - end of the year | 149,117 | 136,468 |
Gross carrying amount | Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 28,839 | |
Property, plant and equipment - end of the year | 30,618 | 28,839 |
Gross carrying amount | E&P exploration assets and appraisal | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,341 | |
Property, plant and equipment - end of the year | 1,244 | 1,341 |
Gross carrying amount | E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 11,169 | |
Property, plant and equipment - end of the year | 10,485 | 11,169 |
Gross carrying amount | Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 2,742 | |
Property, plant and equipment - end of the year | 3,107 | 2,742 |
Accumulated depreciation, amortisation and impairment | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (130,698) | |
Property, plant and equipment - end of the year | (142,447) | (130,698) |
Accumulated depreciation, amortisation and impairment | Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (2,954) | |
Property, plant and equipment - end of the year | (3,104) | (2,954) |
Accumulated depreciation, amortisation and impairment | E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (96,820) | |
Property, plant and equipment - end of the year | (106,775) | (96,820) |
Accumulated depreciation, amortisation and impairment | Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (25,540) | |
Property, plant and equipment - end of the year | (26,768) | (25,540) |
Accumulated depreciation, amortisation and impairment | E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (4,051) | |
Property, plant and equipment - end of the year | (3,940) | (4,051) |
Accumulated depreciation, amortisation and impairment | Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (1,333) | |
Property, plant and equipment - end of the year | € (1,860) | € (1,333) |
Property, plant and equipment -
Property, plant and equipment - Depreciation rates (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Buildings | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 2.00% |
Buildings | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 10.00% |
Mineral exploration wells and plants | |
Property, plant and equipment | |
Description of useful life, property, plant and equipment | UOP |
Refining and chemical plants | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 3.00% |
Refining and chemical plants | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 17.00% |
Gas pipelines and compression stations | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 4.00% |
Gas pipelines and compression stations | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 12.00% |
Power plants | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 3.00% |
Power plants | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 5.00% |
Other plant and machinery | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 6.00% |
Other plant and machinery | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 12.00% |
Industrial and commercial equipment | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 5.00% |
Industrial and commercial equipment | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 25.00% |
Other assets | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 10.00% |
Other assets | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 20.00% |
Property, plant and equipment_3
Property, plant and equipment - Changes related to suspended wells (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Property, plant and equipment | |||
Property, plant and equipment - beginning of the year | € 53,943 | € 62,192 | |
Changes in the scope of consolidation | (252) | ||
Currency translation differences | 3,688 | (4,140) | |
Other changes | 66 | 41 | |
Property, plant and equipment - end of the year | 56,299 | 53,943 | € 62,192 |
Suspended exploration wells pending final determination | |||
Property, plant and equipment | |||
Property, plant and equipment - beginning of the year | 1,268 | 1,246 | 1,101 |
Increases for which is ongoing the determination of proved reserves | 288 | 408 | 368 |
Amounts previously capitalized and expensed in the year | (286) | (226) | (183) |
Reclassification to successful exploratory wells following the estimation of proved reserves | (43) | (48) | (46) |
Disposals | (3) | (15) | |
Changes in the scope of consolidation | (199) | ||
Currency translation differences | 100 | (112) | 21 |
Other changes | (24) | ||
Property, plant and equipment - end of the year | € 1,101 | € 1,268 | € 1,246 |
Property, plant and equipment_4
Property, plant and equipment - Stratification of suspended wells (Details) € in Millions | Dec. 31, 2021EUR (€)item | Dec. 31, 2020EUR (€)item | Dec. 31, 2019EUR (€)item | Dec. 31, 2018EUR (€) |
Property, plant and equipment | ||||
Property, plant and equipment | € 56,299 | € 53,943 | € 62,192 | |
Suspended exploration wells pending final determination | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 1,101 | € 1,268 | € 1,246 | € 1,101 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 35.9 | 37 | 40.5 | |
Suspended exploration wells pending final determination | fields including wells drilled over the last 12 months | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 175 | € 157 | € 185 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 4 | 6.7 | 7.7 | |
Suspended exploration wells pending final determination | fields for which the delineation campaign is in progress | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 567 | € 631 | € 556 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 17.9 | 14.9 | 11.3 | |
Suspended exploration wells pending final determination | fields including commercial discoveries that proceeds to sanctioning | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 359 | € 480 | € 505 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 14 | 15.4 | 21.5 | |
Suspended exploration wells pending final determination | within 1 year | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 175 | € 157 | € 185 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 4 | 6.7 | 7.7 | |
Suspended exploration wells pending final determination | between 1 and 3 years | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 269 | € 250 | € 171 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 12.2 | 11 | 6.4 | |
Suspended exploration wells pending final determination | beyond 3 years | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 657 | € 861 | € 890 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | item | 19.7 | 19.3 | 26.4 |
Property, plant and equipment_5
Property, plant and equipment - Unproved mineral interests (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | € 53,943 | € 62,192 |
Additions | 4,950 | 4,407 |
Currency translation differences | 3,688 | (4,140) |
Property, plant and equipment - end of the year | 56,299 | 53,943 |
Unproved mineral interest | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,763 | 2,162 |
Additions | 9 | 57 |
Net (impairments) reversals | 35 | (196) |
Reclassification to Proved Mineral Interest | (141) | (90) |
Currency translation differences | 153 | (170) |
Property, plant and equipment - end of the year | 1,819 | 1,763 |
Unproved mineral interest | Congo | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 203 | 253 |
Net (impairments) reversals | (1) | (25) |
Currency translation differences | 16 | (25) |
Property, plant and equipment - end of the year | 218 | 203 |
Unproved mineral interest | Nigeria | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 860 | 939 |
Reclassification to Proved Mineral Interest | (48) | |
Currency translation differences | 80 | (79) |
Property, plant and equipment - end of the year | 892 | 860 |
Unproved mineral interest | Turkmenistan | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 139 | |
Net (impairments) reversals | 3 | (134) |
Reclassification to Proved Mineral Interest | (2) | |
Currency translation differences | (3) | |
Property, plant and equipment - end of the year | 3 | |
Unproved mineral interest | United States of America | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 114 | 162 |
Additions | 3 | |
Net (impairments) reversals | 35 | (37) |
Reclassification to Proved Mineral Interest | (92) | |
Currency translation differences | 8 | (11) |
Property, plant and equipment - end of the year | 68 | 114 |
Unproved mineral interest | Algeria | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 100 | 115 |
Additions | 6 | 55 |
Reclassification to Proved Mineral Interest | (61) | |
Currency translation differences | 8 | (9) |
Property, plant and equipment - end of the year | 114 | 100 |
Unproved mineral interest | Egypt | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 18 | 19 |
Additions | 2 | |
Net (impairments) reversals | (2) | |
Reclassification to Proved Mineral Interest | (1) | (2) |
Currency translation differences | 1 | (1) |
Property, plant and equipment - end of the year | 16 | 18 |
Unproved mineral interest | United Arab Emirates | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 468 | 535 |
Reclassification to Proved Mineral Interest | (25) | |
Currency translation differences | 40 | (42) |
Property, plant and equipment - end of the year | € 508 | € 468 |
Property, plant and equipment_6
Property, plant and equipment - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Property, plant and equipment | ||||
Borrowing costs capitalised | € 68 | € 73 | € 93 | |
Capital expenditure | 4,950 | 4,407 | ||
Currency translation differences | 3,688 | (4,140) | ||
Initial recognition and changes in estimates | 195 | 955 | ||
Changes in the scope of consolidation | (252) | |||
Write-off | 352 | 305 | ||
Property, plant and equipment | 56,299 | 53,943 | 62,192 | |
Property, plant and equipment, pledged as security | 24 | 24 | ||
Government grants | 105 | € 103 | ||
Spanish Egyptian Gas Co SAE | ||||
Property, plant and equipment | ||||
Changes in the scope of consolidation | 176 | |||
Mozambique Rovuma Venture SpA | ||||
Property, plant and equipment | ||||
Changes in the scope of consolidation | (1,318) | |||
Property, plant and equipment subject to operating leases | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 372 | |||
Minimum | ||||
Property, plant and equipment | ||||
Interest rate used for capitalizing finance expense | 0.40% | 1.30% | ||
Maximum | ||||
Property, plant and equipment | ||||
Interest rate used for capitalizing finance expense | 2.10% | 2.20% | ||
Accumulated impairment | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € (20,796) | € (20,343) | ||
Estimated costs for social projects | ||||
Property, plant and equipment | ||||
Initial recognition and changes in estimates | 134 | |||
US Dollars | ||||
Property, plant and equipment | ||||
Currency translation differences | € 3,603 | |||
Nigeria | OML 17 property | ||||
Property, plant and equipment | ||||
Percentage of interest divested | 5.00% | |||
Nigeria | Oil Prospecting License 245 | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 1,176 | |||
Unproved mineral interest | ||||
Property, plant and equipment | ||||
Capital expenditure | 9 | 57 | ||
Currency translation differences | 153 | (170) | ||
Property, plant and equipment | 1,819 | 1,763 | 2,162 | |
Unproved mineral interest | Nigeria | Oil Prospecting License 245 | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 867 | |||
Unproved mineral interest | Nigeria | Oil Prospecting License 245 | International oil company | ||||
Property, plant and equipment | ||||
Proportion of ownership interest in joint operation | 50.00% | |||
Unproved mineral interest | Nigeria | Oil Prospecting License 245 | Nigeria Government | ||||
Property, plant and equipment | ||||
Proportion of ownership interest in joint operation | 50.00% | |||
E&P wells, plant and machinery | ||||
Property, plant and equipment | ||||
Capital expenditure | € 8 | 6 | ||
Currency translation differences | 2,956 | (3,325) | ||
Initial recognition and changes in estimates | 200 | 870 | ||
Property, plant and equipment | 42,342 | 39,648 | 46,492 | |
E&P wells, plant and machinery | Indonesia, Egypt, Kazakhstan, United States, Angola, Italy, Iraq and Mexico | ||||
Property, plant and equipment | ||||
Transfers | 3,556 | |||
E&P exploration assets and appraisal | ||||
Property, plant and equipment | ||||
Capital expenditure | 380 | 265 | ||
Currency translation differences | 106 | (119) | ||
Initial recognition and changes in estimates | (9) | (9) | ||
Changes in the scope of consolidation | (199) | |||
Write-off | 331 | 296 | ||
Property, plant and equipment | 1,244 | 1,341 | 1,563 | |
E&P exploration assets and appraisal | Gabon, Montenegro, Myanmar, Bahrain, Egypt and Angola | ||||
Property, plant and equipment | ||||
Write-off | 331 | |||
Suspended exploration wells pending final determination | ||||
Property, plant and equipment | ||||
Currency translation differences | 100 | (112) | 21 | |
Changes in the scope of consolidation | (199) | |||
Property, plant and equipment | 1,101 | 1,268 | 1,246 | € 1,101 |
Exploration wells in progress | ||||
Property, plant and equipment | ||||
Property, plant and equipment | 136 | |||
Exploration & Production | ||||
Property, plant and equipment | ||||
Borrowing costs capitalised | 54 | 51 | ||
Capital expenditure | 3,843 | 3,444 | ||
Plenitude & Power | ||||
Property, plant and equipment | ||||
Changes in the scope of consolidation | 658 | |||
Plenitude & Power | Italy | ||||
Property, plant and equipment | ||||
Changes in the scope of consolidation | 423 | |||
fields including commercial discoveries that proceeds to sanctioning | Suspended exploration wells pending final determination | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 359 | € 480 | € 505 |
Right-of-use assets and lease_3
Right-of-use assets and lease liabilities (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2021EUR (€)USD ($) | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
Right-of-use assets | |||
Net carrying amount at beginning of period | € 4,643 | € 5,349 | |
Additions | 1,104 | 808 | |
Depreciation | (928) | (928) | € (999) |
Impairment | (59) | (47) | (41) |
Currency translation differences | 253 | (292) | |
Changes in the scope of consolidation | 110 | ||
Other changes | (302) | (247) | |
Net carrying amount at end of period | 4,821 | 4,643 | 5,349 |
Lessee's exposure arising from options for extension or termination of lease for office buildings | 302 | ||
Lessee's exposure arising from extension options related to service stations for sale of oil products | 130 | ||
Exploration & Production | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 3,274 | ||
Additions | 392 | ||
Net carrying amount at end of period | € 3,195 | 3,274 | |
Exploration & Production | Ghana and Angola | Minimum | |||
Right-of-use assets | |||
Lease, term of contract | 8 years | ||
Exploration & Production | Ghana and Angola | Maximum | |||
Right-of-use assets | |||
Lease, term of contract | 15 years | ||
Global Gas & LNG Portfolio | |||
Right-of-use assets | |||
Additions | € 343 | ||
Refining & Marketing and Chemical | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 788 | ||
Additions | 251 | ||
Net carrying amount at end of period | 765 | 788 | |
Plenitude & Power | |||
Right-of-use assets | |||
Changes in the scope of consolidation | 75 | ||
Corporate and Other activities | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 526 | ||
Additions | 104 | ||
Net carrying amount at end of period | 541 | 526 | |
Upstream business | |||
Right-of-use assets | |||
Lessee's exposure arising from other extension options related to ancillary assets | 67 | ||
Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 2,672 | 3,153 | |
Additions | 79 | ||
Depreciation | (217) | (232) | |
Currency translation differences | 213 | (251) | |
Other changes | (1) | (77) | |
Net carrying amount at end of period | 2,667 | 2,672 | 3,153 |
Lease commitment, nominal value | 1,800 | ||
Drilling rig | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 244 | 313 | |
Additions | 215 | 193 | |
Depreciation | (170) | (189) | |
Currency translation differences | 12 | (13) | |
Other changes | (118) | (60) | |
Net carrying amount at end of period | 183 | 244 | 313 |
Drilling rig | Exploration & Production | |||
Right-of-use assets | |||
Additions | 215 | ||
Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 446 | 497 | |
Additions | 583 | 281 | |
Depreciation | (274) | (252) | |
Impairment | (25) | ||
Currency translation differences | 11 | (13) | |
Other changes | (166) | (67) | |
Net carrying amount at end of period | 575 | 446 | 497 |
Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 424 | 460 | |
Additions | 104 | 49 | |
Depreciation | (63) | (57) | |
Impairment | (6) | (21) | |
Currency translation differences | 3 | ||
Other changes | (8) | (7) | |
Net carrying amount at end of period | 454 | 424 | 460 |
Motorway concessions and service stations | Refining & Marketing and Chemical | |||
Right-of-use assets | |||
Additions | 122 | ||
Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 11 | 6 | |
Additions | 23 | 22 | |
Depreciation | (11) | (2) | |
Impairment | (14) | (15) | |
Other changes | 5 | ||
Net carrying amount at end of period | 14 | 11 | 6 |
Oil and gas distribution facilities | Exploration & Production | |||
Right-of-use assets | |||
Additions | 159 | ||
Buildings | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 652 | 707 | |
Additions | 34 | 65 | |
Depreciation | (122) | (118) | |
Currency translation differences | 8 | (8) | |
Changes in the scope of consolidation | (6) | ||
Other changes | 52 | 6 | |
Net carrying amount at end of period | 618 | 652 | 707 |
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 at beginning of period | € 32 | 32 | |
Additions | 40 | 24 | |
Depreciation | (22) | (22) | |
Other changes | (2) | (2) | |
Net carrying amount at end of period | 48 | 32 | 32 |
Other | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 162 | 181 | |
Additions | 105 | 95 | |
Depreciation | (49) | (56) | |
Impairment | (14) | (11) | |
Currency translation differences | 6 | (7) | |
Changes in the scope of consolidation | 116 | ||
Other changes | (64) | (40) | |
Net carrying amount at end of period | 262 | 162 | € 181 |
Vessels | |||
Right-of-use assets | |||
Lease commitment, nominal value | 311 | ||
Vessels | Global Gas & LNG Portfolio | |||
Right-of-use assets | |||
Additions | 331 | ||
Vessels | Refining & Marketing and Chemical | |||
Right-of-use assets | |||
Additions | 108 | ||
Aircraft | Corporate and Other activities | |||
Right-of-use assets | |||
Additions | € 69 | ||
Number of aircraft sold and repurchased | $ | 2 | ||
Assets for staff activities | Corporate and Other activities | |||
Right-of-use assets | |||
Additions | € 32 | ||
Gross carrying amount | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 6,381 | ||
Net carrying amount at end of period | 7,403 | 6,381 | |
Gross carrying amount | Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 3,107 | ||
Net carrying amount at end of period | 3,366 | 3,107 | |
Gross carrying amount | Drilling rig | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 528 | ||
Net carrying amount at end of period | 572 | 528 | |
Gross carrying amount | Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 927 | ||
Net carrying amount at end of period | 1,268 | 927 | |
Gross carrying amount | Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 573 | ||
Net carrying amount at end of period | 666 | 573 | |
Gross carrying amount | Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 29 | ||
Net carrying amount at end of period | 66 | 29 | |
Gross carrying amount | Buildings | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 859 | ||
Net carrying amount at end of period | 948 | 859 | |
Gross carrying amount | Vehicles | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 65 | ||
Net carrying amount at end of period | 84 | 65 | |
Gross carrying amount | Other | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | 293 | ||
Net carrying amount at end of period | 433 | 293 | |
Accumulated depreciation, amortisation and impairment | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (1,738) | ||
Net carrying amount at end of period | (2,582) | (1,738) | |
Accumulated depreciation, amortisation and impairment | Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (435) | ||
Net carrying amount at end of period | (699) | (435) | |
Accumulated depreciation, amortisation and impairment | Drilling rig | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (284) | ||
Net carrying amount at end of period | (389) | (284) | |
Accumulated depreciation, amortisation and impairment | Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (481) | ||
Net carrying amount at end of period | (693) | (481) | |
Accumulated depreciation, amortisation and impairment | Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (149) | ||
Net carrying amount at end of period | (212) | (149) | |
Accumulated depreciation, amortisation and impairment | Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (18) | ||
Net carrying amount at end of period | (52) | (18) | |
Accumulated depreciation, amortisation and impairment | Buildings | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (207) | ||
Net carrying amount at end of period | (330) | (207) | |
Accumulated depreciation, amortisation and impairment | Vehicles | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (33) | ||
Net carrying amount at end of period | (36) | (33) | |
Accumulated depreciation, amortisation and impairment | Other | |||
Right-of-use assets | |||
Net carrying amount at beginning of period | (131) | ||
Net carrying amount at end of period | € (171) | € (131) |
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, 2021 | Dec. 31, 2020 | |
Lease liabilities | ||
Book amount at the beginning of the year | € 5,018 | € 5,648 |
Additions | 1,102 | 808 |
Decreases | (939) | (869) |
Currency translation differences | 269 | (309) |
Changes in the scope of consolidation | 103 | |
Other changes | (216) | (260) |
Book amount at the end of the year | 5,337 | 5,018 |
Cash payments for the principal portion of the lease liabilities | 939 | |
Cash payments for the interest portion of lease liabilities | 307 | |
Current portion of long-term lease liabilities | ||
Lease liabilities | ||
Book amount at the beginning of the year | 849 | 889 |
Decreases | (934) | (866) |
Currency translation differences | 38 | (40) |
Changes in the scope of consolidation | 14 | |
Other changes | 981 | 866 |
Book amount at the end of the year | 948 | 849 |
Long-term lease liabilities | ||
Lease liabilities | ||
Book amount at the beginning of the year | 4,169 | 4,759 |
Additions | 1,102 | 808 |
Decreases | (5) | (3) |
Currency translation differences | 231 | (269) |
Changes in the scope of consolidation | 89 | |
Other changes | (1,197) | (1,126) |
Book amount at the end of the year | 4,389 | 4,169 |
Plenitude & Power | ||
Lease liabilities | ||
Changes in the scope of consolidation | 72 | |
Joint operations | ||
Lease liabilities | ||
Book amount at the beginning of the year | 1,652 | |
Book amount at the end of the year | 1,684 | € 1,652 |
US Dollars | ||
Lease liabilities | ||
Book amount at the end of the year | 3,690 | |
Euro | ||
Lease liabilities | ||
Book amount at the end of the year | € 1,495 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other income and revenues | |||
Income from remeasurement of lease liabilities | € 18 | € 12 | € 6 |
Other income and revenues | 18 | 12 | 6 |
Purchases, services and other | |||
Short-term leases | 85 | 67 | 115 |
Low-value leases | 31 | 37 | 39 |
Variable lease payments not included in the measurement of lease liabilities | 14 | 7 | 16 |
Capitalised direct cost associated with self-constructed assets - tangible assets | (4) | (2) | (2) |
Purchases, services and other | 126 | 109 | 168 |
Depreciation and impairments | |||
Depreciation of RoU leased assets | 928 | 928 | 999 |
Capitalised direct cost associated with self-constructed assets - tangible assets | (110) | (96) | (210) |
Impairment losses of RoU leased assets | 59 | 47 | 41 |
Depreciation and impairments | 877 | 879 | 830 |
Finance income (expense) from leases | |||
Interest on lease liabilities | (304) | (347) | (378) |
Capitalised finance expense of ROU leased assets - tangible assets | 5 | 7 | 17 |
Net currency translation differences on lease liabilities | (34) | 24 | (6) |
Finance income (expense) from leases | € (333) | € (316) | € (367) |
Intangible assets (Details)
Intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Intangible assets | ||
Net carrying amount - beginning of the year | € 2,936 | € 3,059 |
Additions | 284 | 237 |
Amortization | (287) | (275) |
Impairment | (38) | (54) |
Reversals | 21 | 24 |
Write-off | (35) | (24) |
Change in the scope of consolidation | 1,835 | 77 |
Currency translation differences | 72 | (83) |
Other changes | 11 | (25) |
Net carrying amount at the end of the year | 4,799 | 2,936 |
Intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,639 | 1,794 |
Additions | 284 | 237 |
Amortization | (287) | (275) |
Impairment | (16) | (30) |
Reversals | 21 | 24 |
Write-off | (35) | (24) |
Change in the scope of consolidation | 237 | 7 |
Currency translation differences | 59 | (69) |
Other changes | 11 | (25) |
Net carrying amount at the end of the year | 1,913 | 1,639 |
Exploration rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 888 | 1,031 |
Additions | 12 | 18 |
Amortization | (30) | (53) |
Impairment | (23) | |
Reversals | 21 | |
Write-off | (35) | (19) |
Currency translation differences | 57 | (66) |
Net carrying amount at the end of the year | 913 | 888 |
Industrial patents and intellectual property rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 162 | 195 |
Additions | 28 | 23 |
Amortization | (89) | (92) |
Impairment | (2) | |
Write-off | (5) | |
Change in the scope of consolidation | 11 | |
Other changes | 45 | 41 |
Net carrying amount at the end of the year | 155 | 162 |
Other intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 589 | 568 |
Additions | 244 | 196 |
Amortization | (168) | (130) |
Impairment | (14) | (7) |
Reversals | 24 | |
Change in the scope of consolidation | 226 | 7 |
Currency translation differences | 2 | (3) |
Other changes | (34) | (66) |
Net carrying amount at the end of the year | 845 | 589 |
Goodwill | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,297 | 1,265 |
Impairment | (22) | (24) |
Change in the scope of consolidation | 1,574 | 70 |
Currency translation differences | 13 | (14) |
Net carrying amount at the end of the year | 2,862 | 1,297 |
Other intangible assets with indefinite useful lives | ||
Intangible assets | ||
Change in the scope of consolidation | 24 | |
Net carrying amount at the end of the year | 24 | |
Gross carrying amount | Intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 7,635 | |
Net carrying amount at the end of the year | 8,259 | 7,635 |
Gross carrying amount | Exploration rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,613 | |
Net carrying amount at the end of the year | 1,707 | 1,613 |
Gross carrying amount | Industrial patents and intellectual property rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,623 | |
Net carrying amount at the end of the year | 1,709 | 1,623 |
Gross carrying amount | Other intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 4,399 | |
Net carrying amount at the end of the year | 4,843 | 4,399 |
Accumulated depreciation, amortisation and impairment | Intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (5,996) | |
Net carrying amount at the end of the year | (6,346) | (5,996) |
Accumulated depreciation, amortisation and impairment | Exploration rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (725) | |
Net carrying amount at the end of the year | (794) | (725) |
Accumulated depreciation, amortisation and impairment | Industrial patents and intellectual property rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (1,461) | |
Net carrying amount at the end of the year | (1,554) | (1,461) |
Accumulated depreciation, amortisation and impairment | Other intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (3,810) | |
Net carrying amount at the end of the year | € (3,998) | € (3,810) |
Intangible assets - Breakdown o
Intangible assets - Breakdown of exploration rights by type (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Intangible assets | |||
Intangible assets | € 4,799 | € 2,936 | € 3,059 |
Exploration rights | |||
Intangible assets | |||
Intangible assets | 913 | 888 | € 1,031 |
Proved licence and leasehold property acquisition costs | |||
Intangible assets | |||
Intangible assets | 236 | 225 | |
Unproved licence and leasehold property acquisition costs | |||
Intangible assets | |||
Intangible assets | € 677 | 653 | |
Other mineral interests | |||
Intangible assets | |||
Intangible assets | € 10 |
Intangible assets - Main amorti
Intangible assets - Main amortization rates (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Exploration rights | |
Intangible assets | |
Description of useful life, intangible assets other than goodwill | UOP |
Transport rights of natural gas | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 3.00% |
Other concessions, licenses, trademarks and similar items | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 3.00% |
Other concessions, licenses, trademarks and similar items | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33.00% |
Industrial patents and intellectual property right | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 20.00% |
Industrial patents and intellectual property right | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33.00% |
Capitalized costs for customer acquisition | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 17.00% |
Capitalized costs for customer acquisition | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33.00% |
Other intangible assets | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 4.00% |
Other intangible assets | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 20.00% |
Intangible assets - Goodwill by
Intangible assets - Goodwill by operating segment (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Intangible assets | ||
Goodwill | € 2,862 | € 1,297 |
Plenitude | ||
Intangible assets | ||
Goodwill | 2,446 | 1,047 |
Refining & Marketing | ||
Intangible assets | ||
Goodwill | 173 | 93 |
Exploration & Production | ||
Intangible assets | ||
Goodwill | 139 | 146 |
Chemical | ||
Intangible assets | ||
Goodwill | 93 | |
Corporate and Other activities | ||
Intangible assets | ||
Goodwill | € 11 | € 11 |
Intangible assets - Additional
Intangible assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | Oct. 28, 2021 | Jun. 03, 2021 | Apr. 07, 2021 | |
Intangible assets | |||||
Write-off | € 35 | € 24 | |||
Change in the scope of consolidation | 1,835 | 77 | |||
Goodwill | 2,862 | € 1,297 | |||
Be Power | |||||
Intangible assets | |||||
Change in the scope of consolidation | € 728 | ||||
Percentage of voting equity interests acquired | 100.00% | ||||
Goodwill | € 728 | ||||
Aldro Energa Y Soluciones SLU | |||||
Intangible assets | |||||
Change in the scope of consolidation | € 168 | ||||
Percentage of voting equity interests acquired | 100.00% | 100.00% | |||
Portfolio Of Thirteen Onshore Wind Facilities | |||||
Intangible assets | |||||
Change in the scope of consolidation | € 302 | ||||
Dhamma Energy Group | |||||
Intangible assets | |||||
Change in the scope of consolidation | 120 | ||||
Finproject SpA | |||||
Intangible assets | |||||
Change in the scope of consolidation | 93 | ||||
Percentage of voting equity interests acquired | 60.00% | ||||
Portfolio Of Nine Renewable Energy Projects | |||||
Intangible assets | |||||
Change in the scope of consolidation | 81 | ||||
FRI-EL Biogas Holding SpA | |||||
Intangible assets | |||||
Change in the scope of consolidation | € 80 | ||||
Percentage of voting equity interests acquired | 100.00% | 100.00% | |||
CGU Domestic-Foreign Market | |||||
Intangible assets | |||||
Goodwill | € 1,214 | ||||
Period over which management has projected cash flows | 4 years | ||||
Growth rate used to extrapolate cash flow projections | 0.00% | 0.00% | |||
Discount rate applied to cash flow projections | 4.90% | ||||
Amount by which unit's recoverable amount exceeds its carrying amount | € 5,000 | ||||
CGU Domestic-Foreign Market | Aldro Energa Y Soluciones SLU | |||||
Intangible assets | |||||
Percentage of voting equity interests acquired | 100.00% | ||||
Goodwill | € 168 | ||||
CGU Domestic-Foreign Market | Minorities of former Italgas | |||||
Intangible assets | |||||
Goodwill | 706 | ||||
CGU Domestic-Foreign Market | Local Italian companies synergic to main areas of activity | |||||
Intangible assets | |||||
Goodwill | 198 | ||||
CGU Domestic-Foreign Market | Eni Gas and Power France SA | |||||
Intangible assets | |||||
Goodwill | 95 | ||||
Accumulated impairment | |||||
Intangible assets | |||||
Goodwill | (2,500) | ||||
Exploration rights | |||||
Intangible assets | |||||
Write-off | 35 | € 19 | |||
Capitalized costs for customer acquisition | Plenitude & Power | |||||
Intangible assets | |||||
Intangible assets other than goodwill | 348 | 262 | |||
Concessions, licenses, trademarks and similar items | |||||
Intangible assets | |||||
Intangible assets other than goodwill | 139 | 88 | |||
Transport rights of natural gas | |||||
Intangible assets | |||||
Intangible assets other than goodwill | 32 | 25 | |||
Customer relationship | |||||
Intangible assets | |||||
Intangible assets other than goodwill | 109 | ||||
Intangible assets in progress | |||||
Intangible assets | |||||
Intangible assets other than goodwill | € 78 | € 78 |
Impairment review of tangible_3
Impairment review of tangible and intangible assets and right-of-use assets - Additional Information (Details) | 12 Months Ended | 168 Months Ended | 252 Months Ended | ||
Dec. 31, 2050$ / bbl$ / MMBTU | Dec. 31, 2021$ / bbl$ / MMBTU | Dec. 31, 2020$ / MMBTU$ / bbl | Dec. 31, 2035$ / bbl | Dec. 31, 2045$ / MMBTU | |
Impairment review of tangible and intangible assets and right-of-use assets | |||||
Estimated cost of equity (in percent) | 10.00% | ||||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 7.00% | ||||
Risk-adjusted post-tax WACC if reversal of more than $100 million | 6.80% | ||||
Risk-adjusted pre-tax WACC | 18.00% | ||||
Percentage by which headroom is higher than book value | 90.00% | ||||
Forecast | |||||
Impairment review of tangible and intangible assets and right-of-use assets | |||||
Long-term price of the Brent crude oil benchmark | $ / bbl | 46 | 62 | |||
Brent price per bbl, one year forecast | $ / bbl | 80 | 55 | |||
Brent price per bbl, year two forecast | $ / bbl | 75 | 60 | |||
Spot gas benchmark European reference price, one year forecast | $ / MMBTU | 21.2 | 4.7 | |||
Spot gas benchmark European reference price, year two forecast | $ / MMBTU | 14.4 | 4.9 | |||
Long-term gas price | $ / MMBTU | 6.2 | 8.5 | |||
Maximum | |||||
Impairment review of tangible and intangible assets and right-of-use assets | |||||
Post-tax, risk-adjusted WACC (in percent) | 10.70% | ||||
Minimum | |||||
Impairment review of tangible and intangible assets and right-of-use assets | |||||
Post-tax, risk-adjusted WACC (in percent) | 6.50% |
Impairment review of tangible_4
Impairment review of tangible and intangible assets and right-of-use assets (Details) € in Millions | 1 Months Ended | 12 Months Ended | |
Mar. 31, 2022$ / bbl | Dec. 31, 2050$ / t$ / bbl$ / MMBTU | Dec. 31, 2021EUR (€)$ / bbl | |
Impairment | |||
Brent price per bbl | $ / bbl | 130 | 71 | |
Europe | |||
Impairment | |||
Amount of write-down of the residual book value of the refineries and the joint operations | € | € 1,179 | ||
Eni's scenario | |||
Impairment | |||
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 90.00% | ||
Brent price per bbl | $ / bbl | 46 | ||
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 | 76.00% | ||
Value in use of the O&G CGUs Headroom vs Carrying amount, non-tax deductible CO2 charges | 75.00% | ||
Brent price per bbl | $ / bbl | 50 | ||
Long-term gas price | $ / MMBTU | 4.5 | ||
IEA NZE 2050 scenario | |||
Impairment | |||
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 35.00% | ||
Value in use of the O&G CGUs Headroom vs Carrying amount, non-tax deductible CO2 charges | 32.00% | ||
Brent price per bbl | $ / bbl | 24 | ||
Long-term gas price | $ / MMBTU | 3.6 | ||
Minimum | IEA SDS WEO 2021 scenario | |||
Impairment | |||
Cost CO2 | $ / t | 95 | ||
Minimum | IEA NZE 2050 scenario | |||
Impairment | |||
Cost CO2 | $ / t | 55 | ||
Maximum | IEA SDS WEO 2021 scenario | |||
Impairment | |||
Cost CO2 | $ / t | 200 | ||
Maximum | IEA NZE 2050 scenario | |||
Impairment | |||
Cost CO2 | $ / t | 250 |
Investments (Details)
Investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Investments | ||
Book amount - beginning of the year | € 6,749 | € 9,035 |
Additions and subscriptions | 662 | 275 |
Divestments and reimbursements | (385) | (4) |
Share of profit of equity-accounted investments | 202 | 38 |
Share of loss of equity-accounted investments | (1,294) | (1,733) |
Deduction for dividends | (627) | (314) |
Change in the scope of consolidation | 360 | 34 |
Currency translation differences | 381 | (603) |
Other changes | (161) | 21 |
Book amount - end of the year | 5,887 | 6,749 |
Investments in unconsolidated entities controlled by Eni | ||
Investments | ||
Book amount - beginning of the year | 80 | 86 |
Additions and subscriptions | 1 | 2 |
Divestments and reimbursements | (21) | |
Share of profit of equity-accounted investments | 6 | 3 |
Share of loss of equity-accounted investments | (3) | (2) |
Deduction for dividends | (25) | (5) |
Change in the scope of consolidation | 5 | 3 |
Currency translation differences | 2 | (4) |
Other changes | (1) | (3) |
Book amount - end of the year | 44 | 80 |
Joint ventures | ||
Investments | ||
Book amount - beginning of the year | 2,832 | 4,592 |
Additions and subscriptions | 558 | 75 |
Divestments and reimbursements | (231) | (3) |
Share of profit of equity-accounted investments | 31 | 21 |
Share of loss of equity-accounted investments | (910) | (1,399) |
Deduction for dividends | (586) | (296) |
Change in the scope of consolidation | 355 | 30 |
Currency translation differences | 83 | (254) |
Other changes | (75) | 66 |
Book amount - end of the year | 2,057 | 2,832 |
Associates | ||
Investments | ||
Book amount - beginning of the year | 3,837 | 4,357 |
Additions and subscriptions | 103 | 198 |
Divestments and reimbursements | (133) | (1) |
Share of profit of equity-accounted investments | 165 | 14 |
Share of loss of equity-accounted investments | (381) | (332) |
Deduction for dividends | (16) | (13) |
Change in the scope of consolidation | 1 | |
Currency translation differences | 296 | (345) |
Other changes | (85) | (42) |
Book amount - end of the year | € 3,786 | € 3,837 |
Investments - Net carrying amou
Investments - Net carrying amount (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investments | |||
Net carrying amount | € 5,887 | € 6,749 | € 9,035 |
Associates | |||
Investments | |||
Net carrying amount | 3,786 | 3,837 | |
Associates | Abu Dhabi Oil Refining Co (Takreer) | |||
Investments | |||
Net carrying amount | € 2,151 | € 2,335 | |
% of the investment | 20.00% | 20.00% | |
Associates | Angola LNG Ltd | |||
Investments | |||
Net carrying amount | € 1,084 | € 1,039 | |
% of the investment | 13.60% | 13.60% | |
Associates | Coral FLNG SA | |||
Investments | |||
Net carrying amount | € 156 | € 138 | |
% of the investment | 25.00% | 25.00% | |
Associates | Novis Renewables Holdings Llc | |||
Investments | |||
Net carrying amount | € 75 | € 65 | |
% of the investment | 49.00% | 49.00% | |
Associates | United Gas Derivatives Co | |||
Investments | |||
Net carrying amount | € 75 | € 58 | |
% of the investment | 33.33% | 33.33% | |
Associates | Bluebell Solar Class A Holdings II LlC | |||
Investments | |||
Net carrying amount | € 71 | ||
% of the investment | 99.00% | ||
Associates | ADNOC Global Trading Ltd | |||
Investments | |||
Net carrying amount | € 42 | ||
% of the investment | 20.00% | 20.00% | |
Associates | Finproject SpA | |||
Investments | |||
Net carrying amount | € 73 | ||
% of the investment | 40.00% | ||
Associates | Other investments | |||
Investments | |||
Net carrying amount | € 132 | € 129 | |
Joint ventures | |||
Investments | |||
Net carrying amount | 2,057 | 2,832 | |
Joint ventures | Var Energi AS | |||
Investments | |||
Net carrying amount | € 645 | € 1,144 | |
% of the investment | 69.85% | 69.85% | |
Joint ventures | Mozambique Rovuma Venture SpA | |||
Investments | |||
Net carrying amount | € 355 | ||
% of the investment | 35.71% | ||
Joint ventures | Cardon IV SA | |||
Investments | |||
Net carrying amount | € 279 | € 199 | |
% of the investment | 50.00% | 50.00% | |
Joint ventures | Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | |||
Investments | |||
Net carrying amount | € 246 | ||
% of the investment | 20.00% | ||
Joint ventures | Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | |||
Investments | |||
Net carrying amount | € 238 | ||
% of the investment | 20.00% | ||
Joint ventures | Saipem SpA | |||
Investments | |||
Net carrying amount | € 137 | € 908 | |
% of the investment | 31.20% | 31.08% | |
Joint ventures | Lotte Versalis Elastomers Co Ltd | |||
Investments | |||
Net carrying amount | € 54 | € 51 | |
% of the investment | 50.00% | 50.00% | |
Joint ventures | Societa Oleodotti Meridionali - SOM SpA | |||
Investments | |||
Net carrying amount | € 27 | € 32 | |
% of the investment | 70.00% | 70.00% | |
Joint ventures | Petro Junin SA | |||
Investments | |||
Net carrying amount | € 50 | ||
% of the investment | 40.00% | 40.00% | |
Joint ventures | Union Fenosa Gas SA | |||
Investments | |||
Net carrying amount | € 242 | ||
% of the investment | 50.00% | ||
Joint ventures | Gas Distribution Company of Thessaloniki Thessaly SA | |||
Investments | |||
Net carrying amount | € 140 | ||
% of the investment | 49.00% | ||
Joint ventures | Other investments | |||
Investments | |||
Net carrying amount | € 76 | € 66 | |
Investments in unconsolidated entities controlled by Eni | |||
Investments | |||
Net carrying amount | 44 | 80 | |
Investments in unconsolidated entities controlled by Eni | Eni BTC Ltd | |||
Investments | |||
Net carrying amount | € 2 | € 24 | |
% of the investment | 100.00% | 100.00% | |
Investments in unconsolidated entities controlled by Eni | Other investments | |||
Investments | |||
Net carrying amount | € 42 | € 56 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investments | |||
Net carrying amount | € 5,887 | € 6,749 | € 9,035 |
Joint ventures | |||
Investments | |||
Net carrying amount | € 2,057 | € 2,832 | |
Joint ventures | Saipem SpA | |||
Investments | |||
Number of shares held | 308,767,968 | ||
% of the investment | 31.20% | 31.08% | |
Share price | € 1,845 | ||
Market value | € 570 | ||
Net carrying amount | € 137 | € 908 |
Investments - Other investments
Investments - Other investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Investments | ||
Carrying amount at the beginning of the year | € 957 | € 929 |
Additions and subscriptions | 175 | 8 |
Change in the fair value with effect to OCI | 105 | 24 |
Divestments and reimbursements | (12) | |
Currency translation differences | 57 | (61) |
Other changes | 69 | |
Carrying amount at the end of the year | € 1,294 | € 957 |
Investments - Additional inform
Investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investments | |||
Additions and subscriptions | € 662 | € 275 | |
Divestments and reimbursements | 385 | 4 | |
Share of loss of equity-accounted investments | 1,294 | 1,733 | |
Deduction for dividends | € 627 | 314 | |
Percentage of reasonable changes in cost of capital | 1.00% | ||
Payment of advances for the purchase of equity investments | € 120 | ||
Change in the fair value with effect to OCI | 105 | 24 | |
Other investments | 1,294 | 957 | € 929 |
Nigeria LNG Ltd | |||
Investments | |||
Other investments | 637 | 579 | |
Saudi European Petrochemical Co | |||
Investments | |||
Other investments | 124 | 115 | |
Novamont SpA | |||
Investments | |||
Change in the fair value with effect to OCI | 106 | ||
Other investments | 183 | € 77 | |
Associates | Angola LNG Ltd | |||
Investments | |||
Divestments and reimbursements | 130 | ||
Associates | Abu Dhabi Oil Refining Co (Takreer) | |||
Investments | |||
Share of loss of equity-accounted investments | 362 | ||
Joint ventures | UK Dogger Bank | |||
Investments | |||
Additions and subscriptions | € 480 | ||
Proportion of ownership interest acquired | 20.00% | ||
Joint ventures | Union Fenosa Gas SA | |||
Investments | |||
Divestments and reimbursements | € 232 | ||
Joint ventures | Saipem SpA | |||
Investments | |||
Share of loss of equity-accounted investments | 752 | ||
Joint ventures | Cardon IV SA | |||
Investments | |||
Share of loss of equity-accounted investments | € 78 | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Joint ventures | Petro Junin SA | |||
Investments | |||
Share of loss of equity-accounted investments | € 51 | ||
Joint ventures | Var Energi AS | |||
Investments | |||
Deduction for dividends | 561 | ||
Joint ventures | Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | |||
Investments | |||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | 487 | ||
Joint ventures | Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | |||
Investments | |||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | € 483 |
Other financial assets (Details
Other financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Other financial assets | ||
Other current financial assets | € 4,308 | € 254 |
Other non-current financial assets | 1,885 | 1,008 |
Financing receivables held for operating and non operating purpose | ||
Other financial assets | ||
Other current financial assets | 4,308 | 254 |
Other non-current financial assets | 1,832 | 953 |
Financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 56 | 51 |
Other non-current financial assets | 1,832 | 953 |
Long-term financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 17 | 29 |
Other non-current financial assets | 1,832 | 953 |
Short-term financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 39 | 22 |
Financing receivables held for non operating purpose | ||
Other financial assets | ||
Other current financial assets | 4,252 | 203 |
Securities held for operating purposes | ||
Other financial assets | ||
Other non-current financial assets | € 53 | € 55 |
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, 2021 | Dec. 31, 2020 | |
Other financial assets | ||
Financial assets at beginning of period | € 352 | € 379 |
Additions | 41 | 7 |
Deductions | (15) | (7) |
Currency translation differences | 25 | (26) |
Other changes | (1) | |
Financial assets at end of period | € 403 | € 352 |
Other financial assets - Securi
Other financial assets - Securities per issuing entity (Details) - Amortized cost € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€) | |
Quoted bonds issued by sovereign states | |
Other financial assets | |
Amortized cost | € 53 |
Nominal value | 53 |
Fair value | 53 |
Maximum value of sovereign states bonds included in other category | 10 |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | |
Other financial assets | |
Amortized cost | 24 |
Nominal value | 24 |
Fair value | € 24 |
Maturity date | from 2022 to 2031 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0.00% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 1.75% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Foreign (outside Italy) | |
Other financial assets | |
Amortized cost | € 16 |
Nominal value | 16 |
Fair value | € 16 |
Maturity date | from 2023 to 2025 |
Rating - Moody's | from Aa3 to Baa1 |
Rating - S&P | from AA to A |
Quoted bonds issued by sovereign states, Fixed rate bonds | Foreign (outside Italy) | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0.00% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Foreign (outside Italy) | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 0.20% |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | |
Other financial assets | |
Amortized cost | € 11 |
Nominal value | 11 |
Fair value | € 11 |
Maturity date | from 2022 to 2025 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0.22% |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 0.43% |
Quoted bonds issued by sovereign states, Floating rate bonds | Foreign (outside Italy) | |
Other financial assets | |
Amortized cost | € 2 |
Nominal value | 2 |
Fair value | € 2 |
Nominal rate of return (%) | 1.10% |
Maturity date | 2022 |
Rating - Moody's | Baa2 |
Rating - S&P | BBB |
Other financial assets - Additi
Other financial assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cardon IV SA | ||
Other financial assets | ||
Proportion of ownership interest in joint venture | 50.00% | |
Mozambique Rovuma Venture SpA | ||
Other financial assets | ||
Proportion of ownership interest in joint venture | 35.71% | |
Financing receivables held for operating and non operating purpose | Euro | ||
Other financial assets | ||
Other financial assets | € 3,729 | |
Financing receivables held for operating and non operating purpose | US Dollars | ||
Other financial assets | ||
Other financial assets | 1,980 | |
Financing receivables held for operating purposes | beyond 5 years | ||
Other financial assets | ||
Other financial assets | 399 | € 771 |
Financing receivables held for operating purposes | Exploration & Production | ||
Other financial assets | ||
Other financial assets | 1,763 | |
Financing receivables held for operating purposes | Exploration & Production | Coral FLNG SA | ||
Other financial assets | ||
Other financial assets | 383 | 288 |
Financing receivables held for operating purposes | Exploration & Production | Cardon IV SA | ||
Other financial assets | ||
Other financial assets | 199 | € 383 |
Financing receivables held for operating purposes | Exploration & Production | Mozambique Rovuma Venture SpA | ||
Other financial assets | ||
Other financial assets | 1,008 | |
Non-current financing receivables held for operating purposes | ||
Other financial assets | ||
Fair value | € 1,832 | |
Non-current financing receivables held for operating purposes | Minimum | ||
Other financial assets | ||
Discount rate applied to cash flow projections | (0.30%) | (0.50%) |
Non-current financing receivables held for operating purposes | Maximum | ||
Other financial assets | ||
Discount rate applied to cash flow projections | 1.70% | 1.40% |
Financing receivables held for non operating purpose | ||
Other financial assets | ||
Restricted deposits in escrow to guarantee transactions on derivative contracts | € 4,233 | € 203 |
Bank deposits | 19 | |
Securities held for operating purposes | ||
Other financial assets | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | € 20 | € 20 |
Securities held for operating purposes | Maximum | ||
Other financial assets | ||
Maturity of securities held for operating purposes | 5 years |
Trade and other payables - Brea
Trade and other payables - Break-down (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other payables | ||
Trade payables | € 16,795 | € 8,679 |
Down payments and advances from joint ventures in exploration and production activities | 552 | 417 |
Payables for purchase of non-current assets | 1,732 | 1,393 |
Payables due to partners in exploration & production activities | 1,188 | 1,120 |
Other payables | 1,453 | 1,327 |
Trade and other current payables | € 21,720 | € 12,936 |
Trade and other payables - Addi
Trade and other payables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Trade and other payables | ||
Increase (decrease) in trade payables | € 8,116 | |
Payroll payables | 328 | € 255 |
Other payables | 1,453 | 1,327 |
Payables for social security contributions | 112 | 92 |
Trade and other payables | 21,720 | 12,936 |
Euro | ||
Trade and other payables | ||
Trade and other payables | 14,250 | |
US Dollars | ||
Trade and other payables | ||
Trade and other payables | 5,864 | |
Global Gas & LNG Portfolio | ||
Trade and other payables | ||
Increase (decrease) in trade payables | 6,626 | |
Refining & Marketing and Chemical | ||
Trade and other payables | ||
Increase (decrease) in trade payables | 1,220 | |
Gas take-or-pay contracts | ||
Trade and other payables | ||
Other payables | € 185 | € 376 |
Finance debts - Short and long
Finance debts - Short and long term debt (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Borrowings | ||
Short-term debt | € 2,299 | € 2,882 |
Current portion of long-term debt | 1,781 | 1,909 |
Long-term debt | 23,714 | 21,895 |
Total borrowings | 27,794 | 26,686 |
Banks | ||
Borrowings | ||
Short-term debt | 362 | 337 |
Current portion of long-term debt | 347 | 759 |
Long-term debt | 4,650 | 3,193 |
Total borrowings | 5,359 | 4,289 |
Ordinary Bonds | ||
Borrowings | ||
Current portion of long-term debt | 913 | 1,140 |
Long-term debt | 18,049 | 18,280 |
Total borrowings | 18,962 | 19,420 |
Convertible Bonds | ||
Borrowings | ||
Current portion of long-term debt | 399 | |
Long-term debt | 396 | |
Total borrowings | 399 | 396 |
Sustainability-linked bond | ||
Borrowings | ||
Current portion of long-term debt | 2 | |
Long-term debt | 996 | |
Total borrowings | 998 | |
Commercial papers | ||
Borrowings | ||
Short-term debt | 836 | 2,233 |
Total borrowings | 836 | 2,233 |
Other financial institutions | ||
Borrowings | ||
Short-term debt | 1,101 | 312 |
Current portion of long-term debt | 120 | 10 |
Long-term debt | 19 | 26 |
Total borrowings | € 1,240 | € 348 |
Finance debts - Ordinary bonds
Finance debts - Ordinary bonds (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Borrowings | ||
Borrowings | € 27,794 | € 26,686 |
Ordinary Bonds | ||
Borrowings | ||
Nominal value | 18,850 | |
Discount on bond issue and accrued expenses | 112 | |
Borrowings | 18,962 | € 19,420 |
Euro Medium Term Notes | ||
Borrowings | ||
Nominal value | 16,400 | |
Euro Medium Term Notes, Ordinary Bonds | ||
Borrowings | ||
Nominal value | 15,440 | |
Discount on bond issue and accrued expenses | 102 | |
Borrowings | 15,542 | |
Other Bonds | ||
Borrowings | ||
Nominal value | 3,410 | |
Discount on bond issue and accrued expenses | 10 | |
Borrowings | 3,420 | |
ENI SpA | Euro Medium Term Notes | ||
Borrowings | ||
Nominal value | 14,100 | |
ENI SpA | Euro Medium Term Notes One | ||
Borrowings | ||
Nominal value | 1,000 | |
Discount on bond issue and accrued expenses | 29 | |
Borrowings | € 1,029 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes One | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2029 | |
Borrowings, interest rate | 3.625% | |
ENI SpA | Euro Medium Term Notes Two | ||
Borrowings | ||
Nominal value | € 1,200 | |
Discount on bond issue and accrued expenses | 15 | |
Borrowings | € 1,215 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Two | Maximum | ||
Borrowings | ||
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 | 13 | |
Borrowings | € 1,013 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Three | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2023 | |
Borrowings, interest rate | 3.25% | |
ENI SpA | Euro Medium Term Notes Four | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 10 | |
Borrowings | € 1,010 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Four | Maximum | ||
Borrowings | ||
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 | 10 | |
Borrowings | € 1,010 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Five | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2031 | |
Borrowings, interest rate | 2.00% | |
ENI SpA | Euro Medium Term Notes Six | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 3 | |
Borrowings | € 1,003 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Six | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2030 | |
Borrowings, interest rate | 0.625% | |
ENI SpA | Euro Medium Term Notes Seven | ||
Borrowings | ||
Nominal value | € 1,000 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 1,001 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Seven | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2026 | |
Borrowings, interest rate | 1.25% | |
ENI SpA | Euro Medium Term Notes Eight | ||
Borrowings | ||
Nominal value | € 900 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 899 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Eight | Maximum | ||
Borrowings | ||
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 | 1 | |
Borrowings | € 801 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Nine | Maximum | ||
Borrowings | ||
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 | 11 | |
Borrowings | € 761 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Ten | Maximum | ||
Borrowings | ||
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 | 7 | |
Borrowings | € 757 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Eleven | Maximum | ||
Borrowings | ||
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 | (4) | |
Borrowings | € 746 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Twelve | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2034 | |
Borrowings, interest rate | 1.00% | |
ENI SpA | Euro Medium Term Notes Thirteen | ||
Borrowings | ||
Nominal value | € 700 | |
Discount on bond issue and accrued expenses | 3 | |
Borrowings | € 703 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Thirteen | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2022 | |
Borrowings, interest rate | 0.75% | |
ENI SpA | Euro Medium Term Notes Fourteen | ||
Borrowings | ||
Nominal value | € 650 | |
Discount on bond issue and accrued expenses | 4 | |
Borrowings | € 654 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Fourteen | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2025 | |
Borrowings, interest rate | 1.00% | |
ENI SpA | Euro Medium Term Notes Fifteen | ||
Borrowings | ||
Nominal value | € 600 | |
Discount on bond issue and accrued expenses | (3) | |
Borrowings | € 597 | |
Borrowings, original currency | EUR | |
ENI SpA | Euro Medium Term Notes Fifteen | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 1.125% | |
ENI SpA | Other bonds One | ||
Borrowings | ||
Nominal value | € 883 | |
Discount on bond issue and accrued expenses | 7 | |
Borrowings | € 890 | |
Borrowings, original currency | USD | |
ENI SpA | Other bonds One | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2023 | |
Borrowings, interest rate | 4.00% | |
ENI SpA | Other bonds Two | ||
Borrowings | ||
Nominal value | € 883 | |
Discount on bond issue and accrued expenses | 4 | |
Borrowings | € 887 | |
Borrowings, original currency | USD | |
ENI SpA | Other bonds Two | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2028 | |
Borrowings, interest rate | 4.75% | |
ENI SpA | Other bonds Three | ||
Borrowings | ||
Nominal value | € 883 | |
Borrowings | € 883 | |
Borrowings, original currency | USD | |
ENI SpA | Other bonds Three | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2029 | |
Borrowings, interest rate | 4.25% | |
ENI SpA | Other bonds Four | ||
Borrowings | ||
Nominal value | € 309 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 310 | |
Borrowings, original currency | USD | |
ENI SpA | Other bonds Four | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2040 | |
Borrowings, interest rate | 5.70% | |
Eni Finance International SA | Euro Medium Term Notes Sixteen | ||
Borrowings | ||
Nominal value | € 1,545 | |
Discount on bond issue and accrued expenses | (4) | |
Borrowings | € 1,541 | |
Borrowings, original currency | USD | |
Eni Finance International SA | Euro Medium Term Notes Sixteen | Minimum | ||
Borrowings | ||
Borrowings, maturity | 2026 | |
Eni Finance International SA | Euro Medium Term Notes Sixteen | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2027 | |
Eni Finance International SA | Euro Medium Term Notes Seventeen | ||
Borrowings | ||
Nominal value | € 795 | |
Discount on bond issue and accrued expenses | 7 | |
Borrowings | € 802 | |
Borrowings, original currency | EUR | |
Eni Finance International SA | Euro Medium Term Notes Seventeen | Minimum | ||
Borrowings | ||
Borrowings, maturity | 2025 | |
Borrowings, interest rate | 1.275% | |
Eni Finance International SA | Euro Medium Term Notes Seventeen | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2043 | |
Borrowings, interest rate | 5.441% | |
Eni USA Inc | Other bonds Five | ||
Borrowings | ||
Nominal value | € 353 | |
Borrowings | € 353 | |
Borrowings, original currency | USD | |
Eni USA Inc | Other bonds Five | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2027 | |
Borrowings, interest rate | 7.30% | |
CEF3 Wind Energy SpA | Other bonds Six | ||
Borrowings | ||
Nominal value | € 99 | |
Discount on bond issue and accrued expenses | (2) | |
Borrowings | € 97 | |
Borrowings, original currency | EUR | |
CEF3 Wind Energy SpA | Other bonds Six | Maximum | ||
Borrowings | ||
Borrowings, maturity | 2025 | |
Borrowings, interest rate | 2.01% |
Finance debts - Convertible bon
Finance debts - Convertible bonds (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Borrowings | ||
Borrowings | € 27,794 | € 26,686 |
Convertible Bonds | ||
Borrowings | ||
Borrowings | 399 | € 396 |
ENI SpA | Convertible Bonds | ||
Borrowings | ||
Nominal value | 400 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 399 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2022 | |
Borrowings, interest rate | 0.00% |
Finance debts - Sustainability
Finance debts - Sustainability linked bonds (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Borrowings | ||
Borrowings | € 27,794 | € 26,686 |
Sustainability-linked bond | ||
Borrowings | ||
Nominal value | 1,000 | |
Borrowings | 998 | |
ENI SpA | Sustainability-linked bond | ||
Borrowings | ||
Nominal value | 1,000 | |
Discount on bond issue and accrued expenses | (2) | |
Borrowings | € 998 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2,028 | |
Borrowings, interest rate | 0.375% |
Finance debts - Currency of lon
Finance debts - Currency of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Borrowings | ||
Borrowings | € 27,794 | € 26,686 |
Short term debt | ||
Borrowings | ||
Borrowings | 2,299 | 2,882 |
Short term debt | Euro | ||
Borrowings | ||
Borrowings | 1,356 | 1,004 |
Short term debt | US Dollars | ||
Borrowings | ||
Borrowings | € 928 | € 1,870 |
Short term debt | US Dollars | Average | ||
Borrowings | ||
Borrowings, interest rate | 0.20% | 1.10% |
Short term debt | Other currencies | ||
Borrowings | ||
Borrowings | € 15 | € 8 |
Short term debt | Other currencies | Average | ||
Borrowings | ||
Borrowings, interest rate | (0.30%) | (0.50%) |
Long-term debt and current portion of long-term debt | ||
Borrowings | ||
Borrowings | € 25,495 | € 23,804 |
Long-term debt and current portion of long-term debt | Euro | ||
Borrowings | ||
Borrowings | € 20,399 | € 19,142 |
Long-term debt and current portion of long-term debt | Euro | Average | ||
Borrowings | ||
Borrowings, interest rate | 1.50% | 1.70% |
Long-term debt and current portion of long-term debt | US Dollars | ||
Borrowings | ||
Borrowings | € 5,096 | € 4,522 |
Long-term debt and current portion of long-term debt | US Dollars | Average | ||
Borrowings | ||
Borrowings, interest rate | 3.80% | 4.60% |
Long-term debt and current portion of long-term debt | Other currencies | ||
Borrowings | ||
Borrowings | € 140 | |
Long-term debt and current portion of long-term debt | Other currencies | Average | ||
Borrowings | ||
Borrowings, interest rate | 4.30% |
Finance debts - Fair value of l
Finance debts - Fair value of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Long-term debt and current portion of long-term debt | ||
Borrowings | ||
Financial liabilities, at fair value | € 28,750 | € 26,970 |
Long-term and current portion of long-term ordinary bonds and Sustainability-Linked Bond | ||
Borrowings | ||
Financial liabilities, at fair value | 23,070 | 22,429 |
Long-term and current portion of long-term convertible bonds | ||
Borrowings | ||
Financial liabilities, at fair value | 513 | 497 |
Long-term and current portion of long-term bank debt | ||
Borrowings | ||
Financial liabilities, at fair value | 5,029 | 4,008 |
Long-term and current portion of long-term debt with other financial institutions | ||
Borrowings | ||
Financial liabilities, at fair value | € 138 | € 36 |
Finance debts - Changes in liab
Finance debts - Changes in liabilities arising from financing activities (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Borrowings | ||
Carrying amount at beginning | € 31,704 | € 30,166 |
Cash flows | (1,183) | 2,246 |
Currency translation differences | 711 | (1,209) |
Changes in the scope of consolidation | 808 | 90 |
Other non-monetary changes | 1,091 | 411 |
Carrying amount at end | 33,131 | 31,704 |
Long-term debt and current portion of long-term debt | ||
Borrowings | ||
Carrying amount at beginning | 23,804 | 22,066 |
Cash flows | 666 | 2,178 |
Currency translation differences | 255 | (348) |
Changes in the scope of consolidation | 545 | 64 |
Other non-monetary changes | 225 | (156) |
Carrying amount at end | 25,495 | 23,804 |
Short term debt | ||
Borrowings | ||
Carrying amount at beginning | 2,882 | 2,452 |
Cash flows | (910) | 937 |
Currency translation differences | 153 | (528) |
Changes in the scope of consolidation | 160 | 22 |
Other non-monetary changes | 14 | (1) |
Carrying amount at end | 2,299 | 2,882 |
Long-term and current portion of long-term lease liabilities | ||
Borrowings | ||
Carrying amount at beginning | 5,018 | 5,648 |
Cash flows | (939) | (869) |
Currency translation differences | 303 | (333) |
Changes in the scope of consolidation | 103 | 4 |
Other non-monetary changes | 852 | 568 |
Carrying amount at end | € 5,337 | € 5,018 |
Finance debts - Additional info
Finance debts - Additional information (Details) € in Millions, t in Millions | 12 Months Ended | |||
Dec. 31, 2025GW | Dec. 31, 2024t | Dec. 31, 2021EUR (€)€ / EquityInstruments | Dec. 31, 2020EUR (€) | |
Borrowings | ||||
Increase (decrease) in finance debts | € 1,108 | |||
Debts subjected to covenants | 899 | € 1,051 | ||
Borrowings | 27,794 | 26,686 | ||
Changes in the scope of consolidation | 808 | 90 | ||
Lease liabilities assumptions | 1,102 | 808 | ||
Plenitude | ||||
Borrowings | ||||
Changes in the scope of consolidation | 474 | |||
Refining & Marketing | ||||
Borrowings | ||||
Changes in the scope of consolidation | 213 | |||
Uncommitted short-term borrowing facilities | ||||
Borrowings | ||||
Undrawn borrowing facilities | 6,207 | 7,183 | ||
Committed borrowing facilities | ||||
Borrowings | ||||
Undrawn borrowing facilities | 2,835 | 5,295 | ||
Over 12 months | Committed borrowing facilities | ||||
Borrowings | ||||
Undrawn borrowing facilities | € 2,820 | € 4,750 | ||
Minimum | ||||
Borrowings | ||||
Discount rates used to measure fair value of financial debt | (0.30%) | (0.50%) | ||
Maximum | ||||
Borrowings | ||||
Discount rates used to measure fair value of financial debt | 1.70% | 1.40% | ||
Sustainability-linked contracts with banks | ||||
Borrowings | ||||
Nominal value | € 4,850 | |||
Borrowings | 1,300 | |||
Sustainability-linked bond | ||||
Borrowings | ||||
Nominal value | 1,000 | |||
Borrowings | 998 | |||
Net carbon footprint upstream target | t | 7.4 | |||
Renewable energy capacity target | GW | 5 | |||
Ordinary Bonds | ||||
Borrowings | ||||
Nominal value | 18,850 | |||
Borrowings | 18,962 | € 19,420 | ||
Ordinary Bonds | Not later than 18 months | ||||
Borrowings | ||||
Borrowings | 703 | |||
Euro Medium Term Notes | ||||
Borrowings | ||||
Nominal value | 16,400 | |||
Maximum amount issuable | 20,000 | |||
Euro Medium Term Notes, Ordinary Bonds | ||||
Borrowings | ||||
Nominal value | 15,440 | |||
Borrowings | 15,542 | |||
Other Bonds | ||||
Borrowings | ||||
Nominal value | 3,410 | |||
Borrowings | 3,420 | |||
Convertible Bonds | ||||
Borrowings | ||||
Borrowings | € 399 | € 396 | ||
Bond conversion price | € / EquityInstruments | 17.62 | |||
Bond premium with respect to share reference price at date of issuance | 35.00% | |||
Bond expiry | 12 months |
Information on net borrowing (D
Information on net borrowing (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Borrowings | |||
A. Cash | € 2,758 | € 2,500 | |
B. Cash equivalents | 5,496 | 6,913 | |
C. Other current financial assets | 10,553 | 5,705 | |
D Liquidity (A+B+C) | 18,807 | 15,118 | |
E. Current financial debt | 3,613 | 4,022 | |
F. Current portion of non-current financial debt | 1,415 | 1,618 | |
G. Current financial indebtedness (E+F) | 5,028 | 5,640 | |
H. Net current financial indebtedness (G-D) | (13,779) | (9,478) | |
I. Non-current financial debt | 9,058 | 7,388 | |
J. Debt instruments | 19,045 | 18,676 | |
Total non-current financial liabilities | 28,103 | 26,064 | |
M. Total financial indebtedness (H+L) | 14,324 | 16,586 | |
Restricted cash | 115 | 198 | |
Lease liabilities | 5,337 | 5,018 | € 5,648 |
Current portion of long-term lease liabilities | |||
Borrowings | |||
Lease liabilities | 948 | 849 | 889 |
Long-term lease liabilities | |||
Borrowings | |||
Lease liabilities | 4,389 | 4,169 | € 4,759 |
Joint operations | |||
Borrowings | |||
Lease liabilities | € 1,684 | € 1,652 |
Provisions (Details)
Provisions (Details) € in Millions | 12 Months Ended |
Dec. 31, 2021EUR (€) | |
Provisions | |
Carrying amount at beginning of period | € 13,438 |
New or increased provisions | 896 |
Initial recognition and changes in estimates | 195 |
Accretion discount | 144 |
Reversal of utilized provisions | (1,255) |
Reversal of unutilized provisions | (191) |
Currency translation differences | 488 |
Other changes | (122) |
Carrying amount at end of period | 13,593 |
Provisions for site restoration, abandonment and social projects | |
Provisions | |
Carrying amount at beginning of period | 9,362 |
Initial recognition and changes in estimates | 195 |
Accretion discount | 153 |
Reversal of utilized provisions | (469) |
Currency translation differences | 445 |
Other changes | (65) |
Carrying amount at end of period | 9,621 |
Environmental provisions | |
Provisions | |
Carrying amount at beginning of period | 2,263 |
New or increased provisions | 289 |
Accretion discount | (9) |
Reversal of utilized provisions | (313) |
Reversal of unutilized provisions | (10) |
Currency translation differences | 2 |
Other changes | (16) |
Carrying amount at end of period | 2,206 |
Provisions for litigations | |
Provisions | |
Carrying amount at beginning of period | 385 |
New or increased provisions | 234 |
Reversal of utilized provisions | (90) |
Reversal of unutilized provisions | (72) |
Currency translation differences | 21 |
Other changes | (26) |
Carrying amount at end of period | 452 |
Provisions for taxes other than income taxes | |
Provisions | |
Carrying amount at beginning of period | 170 |
New or increased provisions | 34 |
Reversal of utilized provisions | (9) |
Reversal of unutilized provisions | (8) |
Currency translation differences | 8 |
Other changes | 16 |
Carrying amount at end of period | 211 |
Loss adjustments and actuarial provisions for Eni's insurance companies | |
Provisions | |
Carrying amount at beginning of period | 258 |
New or increased provisions | 102 |
Reversal of utilized provisions | (63) |
Other changes | (2) |
Carrying amount at end of period | 295 |
Provisions for losses on investments | |
Provisions | |
Carrying amount at beginning of period | 198 |
New or increased provisions | 15 |
Reversal of unutilized provisions | (16) |
Currency translation differences | 3 |
Other changes | (5) |
Carrying amount at end of period | 195 |
Provisions for OIL insurance cover | |
Provisions | |
Carrying amount at beginning of period | 95 |
New or increased provisions | 2 |
Reversal of unutilized provisions | (4) |
Currency translation differences | 1 |
Other changes | (1) |
Carrying amount at end of period | 93 |
Provisions for redundancy incentives | |
Provisions | |
Carrying amount at beginning of period | 53 |
New or increased provisions | 1 |
Reversal of utilized provisions | (3) |
Reversal of unutilized provisions | (36) |
Carrying amount at end of period | 15 |
Miscellaneous other provisions | |
Provisions | |
Carrying amount at beginning of period | 654 |
New or increased provisions | 219 |
Reversal of utilized provisions | (308) |
Reversal of unutilized provisions | (45) |
Currency translation differences | 8 |
Other changes | (23) |
Carrying amount at end of period | € 505 |
Provisions - Additional informa
Provisions - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Provisions | ||
Provisions | € 13,593 | € 13,438 |
Initial recognition and changes in estimates | 195 | |
Accretion discount | 144 | |
Reversal of utilized provisions | (1,255) | |
Provisions for site restoration, abandonment and social projects | ||
Provisions | ||
Provisions | 9,621 | € 9,362 |
Initial recognition and changes in estimates | 195 | |
Accretion discount | € 153 | |
Period to incur expenditures | 50 years | |
Reversal of utilized provisions | € (469) | |
Provisions for site restoration, abandonment and social projects | Minimum | ||
Provisions | ||
Discount rate | (0.40%) | (0.20%) |
Provisions for site restoration, abandonment and social projects | Maximum | ||
Provisions | ||
Discount rate | 3.80% | 3.70% |
Provisions for site restoration, abandonment and social projects | Exploration & Production | ||
Provisions | ||
Provisions | € 8,580 | |
Estimated costs for social projects | ||
Provisions | ||
Initial recognition and changes in estimates | 134 | |
Environmental provisions | ||
Provisions | ||
Provisions | 2,206 | € 2,263 |
Accretion discount | (9) | |
Reversal of utilized provisions | (313) | |
Environmental provisions | Eni Rewind SpA | ||
Provisions | ||
Provisions | 1,532 | |
Environmental provisions | Refining & Marketing | ||
Provisions | ||
Provisions | 376 | |
Provisions for litigations | ||
Provisions | ||
Provisions | 452 | 385 |
Reversal of utilized provisions | (90) | |
Provisions for litigations | Exploration & Production | ||
Provisions | ||
Provisions | 258 | |
Reversal of utilized provisions | (61) | |
Provisions for taxes other than income taxes | ||
Provisions | ||
Provisions | 211 | 170 |
Reversal of utilized provisions | (9) | |
Provisions for taxes other than income taxes | Exploration & Production | ||
Provisions | ||
Provisions | 186 | |
Loss adjustments and actuarial provisions for Eni's insurance companies | ||
Provisions | ||
Provisions | 295 | 258 |
Reversal of utilized provisions | (63) | |
Reinsurance receivables | 94 | |
Provisions for losses on investments | ||
Provisions | ||
Provisions | 195 | 198 |
Provisions for losses on investments | ISAF SpA | ||
Provisions | ||
Provisions | 144 | |
Provisions for OIL insurance cover | ||
Provisions | ||
Provisions | € 93 | € 95 |
Period for charging increased insurance premiums | 5 years |
Provisions for employee benef_3
Provisions for employee benefits (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Statement | ||
Provisions for employee benefits | € 819 | € 1,201 |
Other benefit plans | ||
Statement | ||
Provisions for employee benefits | 301 | 268 |
Defined benefit plan | ||
Statement | ||
Provisions for employee benefits | 518 | 933 |
Italian defined benefit plans | ||
Statement | ||
Provisions for employee benefits | 227 | 258 |
Foreign defined benefit plan | ||
Statement | ||
Provisions for employee benefits | 129 | 493 |
FISDE and other foreign medical plans | ||
Statement | ||
Provisions for employee benefits | € 162 | € 182 |
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, 2021 | Dec. 31, 2020 | |
Statement | ||
Net benefit liability (asset) at beginning of year | € 1,201 | |
Net benefit liability (asset) at end of year | 819 | € 1,201 |
Other benefit plans | ||
Statement | ||
Net benefit liability (asset) at beginning of year | 268 | |
Net benefit liability (asset) at end of year | 301 | 268 |
Defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 933 | |
Net defined benefit liability (asset) at end of year | 518 | 933 |
Italian defined benefit plans | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 258 | |
Net defined benefit liability (asset) at end of year | 227 | 258 |
Foreign defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 493 | |
Net defined benefit liability (asset) at end of year | 129 | 493 |
FISDE and other foreign medical plans | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 182 | |
Net defined benefit liability (asset) at end of year | 162 | 182 |
Present value of benefit liabilities | ||
Statement | ||
Net benefit liability (asset) at beginning of year | 1,848 | 1,768 |
Current service cost | 69 | 76 |
Interest cost/income | 26 | 32 |
Remeasurements: | (135) | 70 |
- actuarial (gains) losses due to changes in demographic assumptions | (9) | (9) |
- actuarial (gains) losses due to changes in financial assumptions | (107) | 98 |
- experience (gains) losses | (19) | (19) |
Past service cost and (gains) losses settlements | 107 | 18 |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (139) | (125) |
Currency translation differences and other changes | (326) | 8 |
Net benefit liability (asset) at end of year | 1,451 | 1,848 |
Present value of benefit liabilities | Other benefit plans | ||
Statement | ||
Net benefit liability (asset) at beginning of year | 268 | 278 |
Current service cost | 49 | 50 |
Interest cost/income | 1 | |
Remeasurements: | (11) | 4 |
- actuarial (gains) losses due to changes in demographic assumptions | (1) | 2 |
- actuarial (gains) losses due to changes in financial assumptions | 2 | 5 |
- experience (gains) losses | (12) | (3) |
Past service cost and (gains) losses settlements | 107 | 20 |
Benefits paid | (56) | (63) |
Currency translation differences and other changes | (56) | (22) |
Net benefit liability (asset) at end of year | 301 | 268 |
Present value of benefit liabilities | Defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 1,580 | 1,490 |
Current service cost | 20 | 26 |
Interest cost/income | 26 | 31 |
Remeasurements: | (124) | 66 |
- actuarial (gains) losses due to changes in demographic assumptions | (8) | (11) |
- actuarial (gains) losses due to changes in financial assumptions | (109) | 93 |
- experience (gains) losses | (7) | (16) |
Past service cost and (gains) losses settlements | (2) | |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (83) | (62) |
Currency translation differences and other changes | (270) | 30 |
Net defined benefit liability (asset) at end of year | 1,150 | 1,580 |
Present value of benefit liabilities | Italian defined benefit plans | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 258 | 269 |
Current service cost | 1 | |
Interest cost/income | 1 | 2 |
Remeasurements: | 5 | |
- actuarial (gains) losses due to changes in demographic assumptions | (1) | (3) |
- actuarial (gains) losses due to changes in financial assumptions | (1) | 9 |
- experience (gains) losses | 2 | (1) |
Benefits paid | (36) | (20) |
Currency translation differences and other changes | 3 | 2 |
Net defined benefit liability (asset) at end of year | 227 | 258 |
Present value of benefit liabilities | Foreign defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 1,140 | 1,044 |
Current service cost | 16 | 23 |
Interest cost/income | 24 | 27 |
Remeasurements: | (118) | 48 |
- actuarial (gains) losses due to changes in demographic assumptions | (3) | (10) |
- actuarial (gains) losses due to changes in financial assumptions | (111) | 71 |
- experience (gains) losses | (4) | (13) |
Past service cost and (gains) losses settlements | (2) | |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (39) | (33) |
Currency translation differences and other changes | (263) | 32 |
Net defined benefit liability (asset) at end of year | 761 | 1,140 |
Present value of benefit liabilities | FISDE and other foreign medical plans | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 182 | 177 |
Current service cost | 3 | 3 |
Interest cost/income | 1 | 2 |
Remeasurements: | (6) | 13 |
- actuarial (gains) losses due to changes in demographic assumptions | (4) | 2 |
- actuarial (gains) losses due to changes in financial assumptions | 3 | 13 |
- experience (gains) losses | (5) | (2) |
Benefits paid | (8) | (9) |
Currency translation differences and other changes | (10) | (4) |
Net defined benefit liability (asset) at end of year | 162 | 182 |
Plan assets | ||
Statement | ||
Net benefit liability (asset) at beginning of year | (648) | (632) |
Interest cost/income | (12) | (15) |
Return on plan assets | 5 | (51) |
Past service cost and (gains) losses settlements | 3 | |
Plan contributions: | (15) | (15) |
- employee contributions | (1) | (1) |
- employer contributions | (14) | (14) |
Benefits paid | 28 | 21 |
Currency translation differences and other changes | 9 | 41 |
Net benefit liability (asset) at end of year | (633) | (648) |
Plan assets | Defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | (648) | (632) |
Interest cost/income | (12) | (15) |
Return on plan assets | 5 | (51) |
Past service cost and (gains) losses settlements | 3 | |
Plan contributions: | (15) | (15) |
- employee contributions | (1) | (1) |
- employer contributions | (14) | (14) |
Benefits paid | 28 | 21 |
Currency translation differences and other changes | 9 | 41 |
Net defined benefit liability (asset) at end of year | (633) | (648) |
Plan assets | Foreign defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | (648) | (632) |
Interest cost/income | (12) | (15) |
Return on plan assets | 5 | (51) |
Past service cost and (gains) losses settlements | 3 | |
Plan contributions: | (15) | (15) |
- employee contributions | (1) | (1) |
- employer contributions | (14) | (14) |
Benefits paid | 28 | 21 |
Currency translation differences and other changes | 9 | 41 |
Net defined benefit liability (asset) at end of year | (633) | (648) |
Asset ceiling | ||
Statement | ||
Net benefit liability (asset) at beginning of year | 1 | |
Change in asset ceiling | 1 | |
Net benefit liability (asset) at end of year | 1 | 1 |
Asset ceiling | Defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 1 | |
Change in asset ceiling | 1 | |
Net defined benefit liability (asset) at end of year | 1 | 1 |
Asset ceiling | Foreign defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) at beginning of year | 1 | |
Change in asset ceiling | 1 | |
Net defined benefit liability (asset) at end of year | € 1 | € 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, 2021 | Dec. 31, 2020 | |
Statement | ||
Current service cost | € 69 | € 76 |
Past service cost and (gains) losses on settlements | 107 | 21 |
- interest cost on liabilities | 26 | 32 |
- interest income on plan assets | (12) | (15) |
Interest cost (income), net | 14 | 17 |
Remeasurements for long-term plans | (11) | 4 |
Total | 179 | 118 |
Payroll and related costs | ||
Statement | ||
Interest cost (income), net | 1 | |
Total | 165 | 102 |
Financial income (expense) | ||
Statement | ||
Interest cost (income), net | 14 | 16 |
Total | 14 | 16 |
Other benefit plans | ||
Statement | ||
Current service cost | 49 | 50 |
Past service cost and (gains) losses on settlements | 107 | 20 |
- interest cost on liabilities | 1 | |
Interest cost (income), net | 1 | |
Remeasurements for long-term plans | (11) | 4 |
Total | 145 | 75 |
Other benefit plans | Payroll and related costs | ||
Statement | ||
Interest cost (income), net | 1 | |
Total | 145 | 75 |
Defined benefit plan | ||
Statement | ||
Current service cost | 20 | 26 |
Past service cost and (gains) losses on settlements | 1 | |
- interest cost on liabilities | 26 | 31 |
- interest income on plan assets | (12) | (15) |
Interest cost (income), net | 14 | 16 |
Total | 34 | 43 |
Defined benefit plan | Payroll and related costs | ||
Statement | ||
Total | 20 | 27 |
Defined benefit plan | Financial income (expense) | ||
Statement | ||
Interest cost (income), net | 14 | 16 |
Total | 14 | 16 |
Italian defined benefit plans | ||
Statement | ||
Current service cost | 1 | |
- interest cost on liabilities | 1 | 2 |
Interest cost (income), net | 1 | 2 |
Total | 2 | 2 |
Italian defined benefit plans | Payroll and related costs | ||
Statement | ||
Total | 1 | |
Italian defined benefit plans | Financial income (expense) | ||
Statement | ||
Interest cost (income), net | 1 | 2 |
Total | 1 | 2 |
Foreign defined benefit plan | ||
Statement | ||
Current service cost | 16 | 23 |
Past service cost and (gains) losses on settlements | 1 | |
- interest cost on liabilities | 24 | 27 |
- interest income on plan assets | (12) | (15) |
Interest cost (income), net | 12 | 12 |
Total | 28 | 36 |
Foreign defined benefit plan | Payroll and related costs | ||
Statement | ||
Total | 16 | 24 |
Foreign defined benefit plan | Financial income (expense) | ||
Statement | ||
Interest cost (income), net | 12 | 12 |
Total | 12 | 12 |
FISDE and other foreign medical plans | ||
Statement | ||
Current service cost | 3 | 3 |
- interest cost on liabilities | 1 | 2 |
Interest cost (income), net | 1 | 2 |
Total | 4 | 5 |
FISDE and other foreign medical plans | Payroll and related costs | ||
Statement | ||
Total | 3 | 3 |
FISDE and other foreign medical plans | Financial income (expense) | ||
Statement | ||
Interest cost (income), net | 1 | 2 |
Total | € 1 | € 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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement | |||
Actuarial (gains)/losses due to changes in demographic assumptions | € (8) | € (11) | |
Actuarial (gains)/losses due to changes in financial assumptions | (109) | 93 | |
Experience (gains) losses | (7) | (16) | |
Return on plan assets | 5 | (51) | |
Change in asset ceiling | 1 | ||
Remeasurements | (119) | 16 | € 42 |
Italian defined benefit plans | |||
Statement | |||
Actuarial (gains)/losses due to changes in demographic assumptions | (1) | (3) | |
Actuarial (gains)/losses due to changes in financial assumptions | (1) | 9 | |
Experience (gains) losses | 2 | (1) | |
Remeasurements | 5 | ||
Foreign defined benefit plan | |||
Statement | |||
Actuarial (gains)/losses due to changes in demographic assumptions | (3) | (10) | |
Actuarial (gains)/losses due to changes in financial assumptions | (111) | 71 | |
Experience (gains) losses | (4) | (13) | |
Return on plan assets | 5 | (51) | |
Change in asset ceiling | 1 | ||
Remeasurements | (113) | (2) | |
FISDE and other foreign medical plans | |||
Statement | |||
Actuarial (gains)/losses due to changes in demographic assumptions | (4) | 2 | |
Actuarial (gains)/losses due to changes in financial assumptions | 3 | 13 | |
Experience (gains) losses | (5) | (2) | |
Remeasurements | € (6) | € 13 |
Provisions for employee benef_7
Provisions for employee benefits - Plan assets (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Statement | ||
Cash and cash equivalents | € 95 | € 117 |
Equity securities | 43 | 38 |
Debt securities | 299 | 297 |
Real estate | 8 | 8 |
Derivatives | 3 | 2 |
Investment funds | 1 | 76 |
Assets held by insurance company | 27 | 23 |
Other | 157 | 87 |
Total | 633 | 648 |
Level 1 | ||
Statement | ||
Cash and cash equivalents | 95 | 117 |
Equity securities | 43 | 38 |
Debt securities | 299 | 297 |
Real estate | 8 | 8 |
Derivatives | 3 | 2 |
Investment funds | 1 | 76 |
Assets held by insurance company | 23 | 20 |
Other | 157 | 87 |
Total | 629 | 645 |
Level 2 and 3 of fair value hierarchy | ||
Statement | ||
Assets held by insurance company | 4 | 3 |
Total | € 4 | € 3 |
Provisions for employee benef_8
Provisions for employee benefits - Actuarial assumptions used in the measurement of the liabilities (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Other benefit plans | ||
Statement | ||
Rate of price inflation | 1.80% | 0.80% |
Other benefit plans | Minimum | ||
Statement | ||
Discount rate | 0.00% | 0.00% |
Other benefit plans | Maximum | ||
Statement | ||
Discount rate | 1.00% | 0.30% |
Italian defined benefit plans | ||
Statement | ||
Discount rate | 1.00% | 0.30% |
Rate of compensation increase | 2.80% | 1.80% |
Rate of price inflation | 1.80% | 0.80% |
Foreign defined benefit plan | Minimum | ||
Statement | ||
Discount rate | 0.30% | 0.10% |
Rate of compensation increase | 1.50% | 1.30% |
Rate of price inflation | 0.70% | 0.80% |
Life expectations on retirement at age 65 | 13 years | 13 years |
Foreign defined benefit plan | Maximum | ||
Statement | ||
Discount rate | 15.30% | 14.70% |
Rate of compensation increase | 12.50% | 12.50% |
Rate of price inflation | 13.30% | 12.20% |
Life expectations on retirement at age 65 | 25 years | 26 years |
FISDE and other foreign medical plans | ||
Statement | ||
Discount rate | 1.00% | 0.30% |
Rate of price inflation | 1.80% | 0.80% |
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) - Foreign defined benefit plan | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Minimum | ||
Statement | ||
Discount rate | 0.30% | 0.10% |
Rate of compensation increase | 1.50% | 1.30% |
Rate of price inflation | 0.70% | 0.80% |
Life expectations on retirement at age 65 | 13 years | 13 years |
Maximum | ||
Statement | ||
Discount rate | 15.30% | 14.70% |
Rate of compensation increase | 12.50% | 12.50% |
Rate of price inflation | 13.30% | 12.20% |
Life expectations on retirement at age 65 | 25 years | 26 years |
Euro Area | Minimum | ||
Statement | ||
Discount rate | 0.90% | 0.40% |
Rate of compensation increase | 1.50% | 1.30% |
Rate of price inflation | 1.50% | 1.30% |
Life expectations on retirement at age 65 | 21 years | 21 years |
Euro Area | Maximum | ||
Statement | ||
Discount rate | 1.20% | 0.80% |
Rate of compensation increase | 3.00% | 3.00% |
Rate of price inflation | 1.90% | 1.90% |
Life expectations on retirement at age 65 | 23 years | 22 years |
Rest of Europe | Minimum | ||
Statement | ||
Discount rate | 0.30% | 0.10% |
Rate of compensation increase | 2.50% | 2.50% |
Rate of price inflation | 0.70% | 0.80% |
Life expectations on retirement at age 65 | 23 years | 23 years |
Rest of Europe | Maximum | ||
Statement | ||
Discount rate | 1.90% | 1.40% |
Rate of compensation increase | 4.00% | 3.60% |
Rate of price inflation | 3.50% | 3.10% |
Life expectations on retirement at age 65 | 25 years | 26 years |
Africa | Minimum | ||
Statement | ||
Discount rate | 3.00% | 2.60% |
Rate of compensation increase | 1.90% | 2.00% |
Rate of price inflation | 3.00% | 2.60% |
Life expectations on retirement at age 65 | 13 years | 13 years |
Africa | Maximum | ||
Statement | ||
Discount rate | 15.30% | 14.70% |
Rate of compensation increase | 12.50% | 12.50% |
Rate of price inflation | 13.30% | 12.20% |
Life expectations on retirement at age 65 | 15 years | 17 years |
Other areas | ||
Statement | ||
Discount rate | 6.70% | |
Rate of compensation increase | 5.00% | |
Rate of price inflation | 3.00% | |
Other areas | Minimum | ||
Statement | ||
Discount rate | 6.40% | |
Rate of compensation increase | 5.00% | |
Rate of price inflation | 3.00% | |
Other areas | Maximum | ||
Statement | ||
Discount rate | 9.80% | |
Rate of compensation increase | 9.80% | |
Rate of price inflation | 5.00% |
Provisions for employee bene_10
Provisions for employee benefits - Effects of a possible change in the main actuarial assumptions (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Statement | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% |
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% |
Other benefit plans | Actuarial assumption of discount rates | ||
Statement | ||
Increase (decrease) in other benefit obligation due to reasonably possible increase in actuarial assumption | € (4) | € (3) |
Increase (decrease) in other benefit obligation due to reasonably possible decrease in actuarial assumption | 1 | 1 |
Other benefit plans | Actuarial assumption of expected rates of inflation | ||
Statement | ||
Increase (decrease) in other benefit obligation due to reasonably possible increase in actuarial assumption | 1 | 1 |
Italian defined benefit plans | Actuarial assumption of discount rates | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (9) | (10) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 9 | 6 |
Italian defined benefit plans | Actuarial assumption of expected rates of inflation | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 6 | 7 |
Foreign defined benefit plan | Actuarial assumption of discount rates | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (49) | (84) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 55 | 92 |
Foreign defined benefit plan | Actuarial assumption of expected rates of inflation | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 34 | 47 |
Foreign defined benefit plan | Actuarial assumption of expected rates of salary increases | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 11 | 25 |
Foreign defined benefit plan | Actuarial assumption of expected rates of pension increases | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 28 | 67 |
FISDE and other foreign medical plans | Actuarial assumption of discount rates | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (10) | (10) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 11 | 7 |
FISDE and other foreign medical plans | Actuarial assumption of medical cost trend rates | ||
Statement | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | € 10 | € 11 |
Provisions for employee bene_11
Provisions for employee benefits - Maturity analysis (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Statement | ||
Net benefit liability (asset) | € 819 | € 1,201 |
Other benefit plans | ||
Statement | ||
Net benefit liability (asset) | € 301 | € 268 |
Other benefit plans | Average | ||
Statement | ||
Weighted average duration of benefit obligation | 3 years 1 month 6 days | 2 years 9 months 18 days |
Other benefit plans | within 1 year | ||
Statement | ||
Net benefit liability (asset) | € 83 | € 71 |
Other benefit plans | Later than one year and not later than two years | ||
Statement | ||
Net benefit liability (asset) | 80 | 66 |
Other benefit plans | Later than two years and not later than three years | ||
Statement | ||
Net benefit liability (asset) | 69 | 63 |
Other benefit plans | Later than three years and not later than four years | ||
Statement | ||
Net benefit liability (asset) | 25 | 16 |
Other benefit plans | Later than four years and not later than five years | ||
Statement | ||
Net benefit liability (asset) | 11 | 12 |
Other benefit plans | beyond 5 years | ||
Statement | ||
Net benefit liability (asset) | 33 | 40 |
Italian defined benefit plans | ||
Statement | ||
Net defined benefit liability (asset) | € 227 | € 258 |
Italian defined benefit plans | Average | ||
Statement | ||
Weighted average duration of defined benefit obligation | 9 years 9 months 18 days | 8 years 2 months 12 days |
Italian defined benefit plans | within 1 year | ||
Statement | ||
Net defined benefit liability (asset) | € 16 | € 12 |
Italian defined benefit plans | Later than one year and not later than two years | ||
Statement | ||
Net defined benefit liability (asset) | 16 | 13 |
Italian defined benefit plans | Later than two years and not later than three years | ||
Statement | ||
Net defined benefit liability (asset) | 18 | 17 |
Italian defined benefit plans | Later than three years and not later than four years | ||
Statement | ||
Net defined benefit liability (asset) | 20 | 20 |
Italian defined benefit plans | Later than four years and not later than five years | ||
Statement | ||
Net defined benefit liability (asset) | 20 | 21 |
Italian defined benefit plans | beyond 5 years | ||
Statement | ||
Net defined benefit liability (asset) | 137 | 175 |
Foreign defined benefit plan | ||
Statement | ||
Net defined benefit liability (asset) | € 129 | € 493 |
Foreign defined benefit plan | Average | ||
Statement | ||
Weighted average duration of defined benefit obligation | 17 years 7 months 6 days | 19 years 1 month 6 days |
Foreign defined benefit plan | within 1 year | ||
Statement | ||
Net defined benefit liability (asset) | € 23 | € 44 |
Foreign defined benefit plan | Later than one year and not later than two years | ||
Statement | ||
Net defined benefit liability (asset) | 24 | 42 |
Foreign defined benefit plan | Later than two years and not later than three years | ||
Statement | ||
Net defined benefit liability (asset) | 29 | 50 |
Foreign defined benefit plan | Later than three years and not later than four years | ||
Statement | ||
Net defined benefit liability (asset) | 24 | 63 |
Foreign defined benefit plan | Later than four years and not later than five years | ||
Statement | ||
Net defined benefit liability (asset) | 25 | 67 |
Foreign defined benefit plan | beyond 5 years | ||
Statement | ||
Net defined benefit liability (asset) | 4 | 227 |
FISDE and other foreign medical plans | ||
Statement | ||
Net defined benefit liability (asset) | € 162 | € 182 |
FISDE and other foreign medical plans | Average | ||
Statement | ||
Weighted average duration of defined benefit obligation | 13 years 7 months 6 days | 13 years 8 months 12 days |
FISDE and other foreign medical plans | within 1 year | ||
Statement | ||
Net defined benefit liability (asset) | € 9 | € 8 |
FISDE and other foreign medical plans | Later than one year and not later than two years | ||
Statement | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than two years and not later than three years | ||
Statement | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than three years and not later than four years | ||
Statement | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than four years and not later than five years | ||
Statement | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | beyond 5 years | ||
Statement | ||
Net defined benefit liability (asset) | € 125 | € 146 |
Provisions for employee bene_12
Provisions for employee benefits - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Statement | ||
Decrease in liability (asset) of benefit plans | € 267 | |
Net benefit liability (asset) | 819 | € 1,201 |
Estimate of contributions expected to be paid to plan for next annual reporting period | 123 | |
Exploration & Production | ||
Statement | ||
Net benefit liability (asset) | 1 | 268 |
Defined benefit plan | ||
Statement | ||
Estimate of contributions expected to be paid to plan for next annual reporting period | 40 | |
Other benefit plans | ||
Statement | ||
Net benefit liability (asset) | 301 | € 268 |
Deferred monetary incentive plans | ||
Statement | ||
Net benefit liability (asset) | 124 | |
Agreed redundancy plans for workers | ||
Statement | ||
Net benefit liability (asset) | 69 | |
Isopensione | ||
Statement | ||
Net benefit liability (asset) | 66 | |
Jubilee Awards | ||
Statement | ||
Net benefit liability (asset) | 29 | |
Other Long term Plans | ||
Statement | ||
Net benefit liability (asset) | € 13 |
Deferred tax assets and liabi_3
Deferred tax assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax assets and liabilities | ||
Deferred tax liabilities before offsetting | € 10,668 | € 8,581 |
Deferred tax assets available for offset | (5,833) | (3,057) |
Deferred tax liabilities | 4,835 | 5,524 |
Deferred tax assets before offsetting (net of accumulated write-down provisions) | 8,546 | 7,166 |
Deferred tax liabilities available for offset | (5,833) | (3,057) |
Deferred tax assets | € 2,713 | € 4,109 |
Deferred tax assets and liabi_4
Deferred tax assets and liabilities - Significant temporary differences (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Temporary differences | ||
Deferred tax liabilities before offsetting | € 10,668 | € 8,581 |
Deferred tax assets | (8,546) | (7,166) |
Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (17,150) | (16,231) |
Accumulated impairment | ||
Temporary differences | ||
Deferred tax assets | 8,604 | 9,065 |
Accelerated tax depreciation | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 7,346 | 6,171 |
Leasing | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 1,076 | 1,089 |
Leasing | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,091) | (1,113) |
Derivatives | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 916 | 27 |
Derivatives | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (343) | (2) |
Difference between the fair value and the carrying amount of assets acquired | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 408 | 415 |
Site restoration and abandonment (tangible assets) | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 166 | 199 |
Application of the weighted average cost method in evaluation of inventories | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 87 | 56 |
Unused tax losses | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (7,374) | (6,983) |
Site restoration and abandonment (provisions for contingencies) | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (2,400) | (2,211) |
Timing differences on depreciation and amortization | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (2,354) | (2,206) |
Impairment losses | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,417) | (1,213) |
Accruals for impairment losses and provisions for contingencies | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,095) | (1,371) |
Over/Under lifting | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (219) | (211) |
Employee benefits | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (155) | (213) |
Unrealized intercompany profits | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (71) | (117) |
Other temporary differences | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 669 | 624 |
Other temporary differences | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | € (631) | € (591) |
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, 2021 | Dec. 31, 2020 | |
Deferred tax liabilities, gross | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | € 8,581 | € 9,583 |
Additions | 1,977 | 960 |
Deductions | (765) | (1,326) |
Currency translation differences | 683 | (725) |
Other changes | 192 | 89 |
Deferred tax liability (asset) at end of year | 10,668 | 8,581 |
Deferred tax assets, gross | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | (16,231) | (15,767) |
Additions | (1,783) | (2,649) |
Deductions | 1,804 | 1,357 |
Currency translation differences | (682) | 742 |
Other changes | (258) | 86 |
Deferred tax liability (asset) at end of year | (17,150) | (16,231) |
Accumulated impairment | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | 9,065 | 6,744 |
Additions | 270 | 2,638 |
Deductions | (863) | (130) |
Currency translation differences | 186 | (192) |
Other changes | (54) | 5 |
Deferred tax liability (asset) at end of year | 8,604 | 9,065 |
Deferred tax assets net of impairment before offsetting | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | (7,166) | (9,023) |
Additions | (1,513) | (11) |
Deductions | 941 | 1,227 |
Currency translation differences | (496) | 550 |
Other changes | (312) | 91 |
Deferred tax liability (asset) at end of year | € (8,546) | € (7,166) |
Deferred tax assets and liabi_6
Deferred tax assets and liabilities - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 27,948 | ||
Carry-forward tax losses indefinitely | 19,515 | ||
Deferred tax assets | € 8,546 | € 7,166 | |
Tax rate | 24.00% | 24.00% | 24.00% |
Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € (8,604) | € (9,065) | |
Italy | |||
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 16,260 | ||
Tax rate | 24.00% | ||
Italy | Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € (6,609) | ||
Italy | Unused tax losses | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | 3,914 | ||
Foreign (outside Italy) | |||
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 11,688 | ||
Tax rate | 29.60% | ||
Foreign (outside Italy) | Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € (1,995) | ||
Foreign (outside Italy) | Unused tax losses | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 3,460 |
Derivative financial instrume_3
Derivative financial instruments and hedge accounting (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 19,670 | € 2,733 |
Offsetting | (7,159) | (1,033) |
Net amount | 12,511 | 1,700 |
- current | 12,460 | 1,548 |
- non-current | 51 | 152 |
Derivative financial liabilities | 20,185 | 2,804 |
Offsetting | (7,159) | (1,033) |
Net amount | 13,026 | 1,771 |
- current | 12,911 | 1,609 |
- non-current | 115 | 162 |
Non-hedging derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 865 | 792 |
Derivative financial liabilities | 772 | 734 |
Non-hedging derivatives | Currency | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 146 | 257 |
Derivative financial liabilities | 57 | 136 |
Non-hedging derivatives | Currency | Currency swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 113 | 125 |
Derivative financial liabilities | 39 | 127 |
Non-hedging derivatives | Currency | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 30 | 128 |
Derivative financial liabilities | 7 | 2 |
Non-hedging derivatives | Currency | Outright | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 3 | 4 |
Derivative financial liabilities | 11 | 7 |
Non-hedging derivatives | Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 13 | 23 |
Derivative financial liabilities | 43 | 74 |
Non-hedging derivatives | Interest rate risk | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 13 | 23 |
Derivative financial liabilities | 43 | 74 |
Non-hedging derivatives | Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 706 | 512 |
Derivative financial liabilities | 672 | 524 |
Non-hedging derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 603 | 418 |
Derivative financial liabilities | 496 | 447 |
Non-hedging derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 102 | 89 |
Derivative financial liabilities | 121 | 77 |
Non-hedging derivatives | Commodity price risk | Other contracts | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 1 | 5 |
Derivative financial liabilities | 55 | |
Trading derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 18,605 | 1,611 |
Derivative financial liabilities | 16,941 | 1,979 |
Trading derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 6,555 | 440 |
Derivative financial liabilities | 5,002 | 525 |
Trading derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 12,050 | 1,167 |
Derivative financial liabilities | 11,939 | 1,451 |
Trading derivatives | Commodity price risk | Options | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 4 | |
Derivative financial liabilities | 3 | |
Cash flow hedge derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 200 | 328 |
Derivative financial liabilities | 2,410 | 38 |
Cash flow hedge derivatives | Interest rate swap contract | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 3 | |
Cash flow hedge derivatives | Interest rate risk | Interest rate swap contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 3 | |
Cash flow hedge derivatives | Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 200 | 328 |
Derivative financial liabilities | 2,407 | 38 |
Cash flow hedge derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 193 | 119 |
Derivative financial liabilities | 1,672 | 8 |
Cash flow hedge derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 7 | 209 |
Derivative financial liabilities | 735 | 30 |
Option contract | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 2 | |
Derivative financial liabilities | 62 | 53 |
Option contract | Option embedded in convertible bonds | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 2 | |
Derivative financial liabilities | 2 | |
Option contract | Other contracts | Level 3 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | € 62 | € 51 |
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, 2021EUR (€) | Dec. 31, 2020EUR (€) | |
Derivative financial instruments and hedge accounting | ||
Nominal amount of the hedging instrument | 741 | (1,362) |
Change in fair value (effective hedge) | € (1,479) | € (280) |
Change in fair value (ineffective hedge) | € (51) | € (1) |
Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of the hedging instrument | 825 | (1,362) |
Change in fair value (effective hedge) | € (1,482) | € (280) |
Change in fair value (ineffective hedge) | € (51) | € (1) |
Commodity price risk | Over the counter contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of the hedging instrument | 461 | (821) |
Change in fair value (effective hedge) | € (2,016) | € (438) |
Change in fair value (ineffective hedge) | € (46) | |
Commodity price risk | Futures contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of the hedging instrument | 364 | (541) |
Change in fair value (effective hedge) | € 534 | € 158 |
Change in fair value (ineffective hedge) | € (5) | € (1) |
Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of the hedging instrument | (84) | |
Change in fair value (effective hedge) | € 3 | |
Interest rate risk | Interest rate swap contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of the hedging instrument | (84) | |
Change in fair value (effective hedge) | € 3 |
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, 2021 | Dec. 31, 2020 | |
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | € 83 | € 284 |
CFH reserve | (1,269) | (7) |
Reclassification adjustments on cash flow hedges, before tax | (215) | (941) |
Commodity price risk | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | 86 | 284 |
CFH reserve | (1,272) | (7) |
Reclassification adjustments on cash flow hedges, before tax | (215) | (941) |
Commodity price risk | Planned sales | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | 86 | 284 |
CFH reserve | (1,272) | (7) |
Reclassification adjustments on cash flow hedges, before tax | (215) | € (941) |
Interest rate risk | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (3) | |
CFH reserve | 3 | |
Interest rate risk | Hedged flows | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (3) | |
CFH reserve | € 3 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | € 903 | € (766) | € 287 |
Derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | 903 | (766) | 287 |
Cash flow hedge derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | (51) | (1) | (2) |
Other derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | € 954 | € (765) | € 289 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € (306) | € 351 | € (14) |
Currency | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | (322) | 391 | 9 |
Interest rate risk | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € 16 | € (40) | € (23) |
Derivative financial instrume_8
Derivative financial instruments and hedge accounting - Additional Information (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 19,670 | € 2,733 |
Sustainability | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 1 | |
Fair value hedges | US Dollars | ||
Derivative financial instruments and hedge accounting | ||
Exchange rate risk deriving from securities | € 2,109 | |
Hedging instrument | 153 | |
Bonds issued | € 2,083 |
Assets held for sale and liab_2
Assets held for sale and liabilities directly associated with assets held for sale (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | € 263 | € 44 |
Liabilities held for sale | 124 | |
Eni AEP Ltd, Eni Pakistan Ltd, Eni Pakistan (M) Ltd Srl and Eni New Energy Pakistan (Private) Ltd. | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | 114 | |
Liabilities held for sale | € 124 | |
Ownership interest in subsidiaries | 100.00% | |
Assets held for sale, current | € 81 | |
Liabilities held for sale, current | 34 | |
Gas Distribution Company of Thessaloniki Thessaly SA | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | 135 | |
Tangible assets | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | € 14 |
Equity (Details)
Equity (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Equity | ||
Share capital | € 4,005 | € 4,005 |
Retained earnings | 22,750 | 34,043 |
Cumulative currency translation differences | 6,530 | 3,895 |
Perpetual subordinated bonds | 5,000 | 3,000 |
Legal reserve | 959 | 959 |
Reserve for treasury shares | 958 | 581 |
Reserve for OCI on cash flow hedging derivatives net of the tax effect | (896) | (5) |
Reserve for OCI on defined benefit plans net of tax effect | (117) | (158) |
Reserve for OCI on equity-accounted investments | 54 | 85 |
Reserve for OCI on other investments valued at fair value | 141 | 36 |
Other reserves | 190 | 190 |
Treasury shares | (958) | (581) |
Net profit (loss) for the year | 5,821 | (8,635) |
Equity attributable to equity holders of Eni | € 44,437 | € 37,415 |
Equity - Reserves for Other Com
Equity - Reserves for Other Comprehensive Income (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Reserves within equity | ||
Balance | € 37,493 | € 47,900 |
Balance | 44,519 | 37,493 |
Reserve for OCI on cash flow hedge derivatives | ||
Reserves within equity | ||
Balance | (5) | (465) |
Changes of the year | (1,045) | (199) |
Reversal to inventories adjustments | 1 | (9) |
Reclassification adjustments | 153 | 668 |
Balance | (896) | (5) |
Reserve for OCI on cash flow hedge derivatives | Gross reserve | ||
Reserves within equity | ||
Balance | (7) | (656) |
Changes of the year | (1,479) | (280) |
Reversal to inventories adjustments | 2 | (12) |
Reclassification adjustments | 215 | 941 |
Balance | (1,269) | (7) |
Reserve for OCI on cash flow hedge derivatives | Deferred tax liabilities, gross | ||
Reserves within equity | ||
Balance | 2 | 191 |
Changes of the year | 434 | 81 |
Reversal to inventories adjustments | (1) | 3 |
Reclassification adjustments | (62) | (273) |
Balance | 373 | 2 |
Reserve for OCI on defined benefit plans | ||
Reserves within equity | ||
Balance | (158) | (166) |
Changes of the year | 42 | 9 |
Currency translation differences | (1) | (1) |
Balance | (117) | (158) |
OCI relating to equity-accounted investments | (4) | (7) |
Reserve for OCI on defined benefit plans | Gross reserve | ||
Reserves within equity | ||
Balance | (205) | (183) |
Changes of the year | 119 | (16) |
Currency translation differences | 2 | (6) |
Balance | (84) | (205) |
Reserve for OCI on defined benefit plans | Deferred tax liabilities, gross | ||
Reserves within equity | ||
Balance | 47 | 17 |
Changes of the year | (77) | 25 |
Currency translation differences | (3) | 5 |
Balance | (33) | 47 |
Reserve for OCI on equity-accounted investments | ||
Reserves within equity | ||
Balance | 85 | 53 |
Changes of the year | (32) | 32 |
Currency translation differences | 1 | |
Balance | 54 | 85 |
Reserve for OCI on Investments fair value | ||
Reserves within equity | ||
Balance | 36 | 12 |
Changes of the year | 105 | 24 |
Balance | € 141 | € 36 |
Equity - Reconciliation of net
Equity - Reconciliation of net profit and shareholders' equity of parent company (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
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 | € (3,324) | € (10,660) | ||
- difference between purchase cost and underlying carrying amounts of net equity, Net profit | (6) | |||
- adjustments to comply with Group accounting policies, Net profit | 1,855 | 264 | ||
- elimination of unrealized intercompany profits, Net profit | (176) | 88 | ||
- deferred taxation, Net profit | (190) | 79 | ||
Profit (loss) | 5,840 | (8,628) | € 155 | |
Non-controlling interest, Net profit | (19) | (7) | (7) | |
Profit (loss), attributable to owners of parent | 5,821 | (8,635) | 148 | |
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Shareholders' equity | (9,910) | (8,839) | ||
- difference between purchase cost and underlying carrying amounts of net equity, Shareholders' equity | 153 | 193 | ||
- adjustments to comply with Group accounting policies, Shareholders' equity | 4,266 | 2,086 | ||
- elimination of unrealized intercompany profits, Shareholders' equity | (654) | (478) | ||
- deferred taxation, Shareholders' equity | (375) | (176) | ||
Equity. | 44,519 | 37,493 | € 47,900 | € 51,073 |
Non-controlling interest | (82) | (78) | ||
As recorded in Consolidated Financial Statements, Shareholders' equity | 44,437 | 37,415 | ||
Eni SpA's Financial Statements | ||||
Separate to consolidated reconciliation | ||||
Profit (loss) | 7,675 | 1,607 | ||
Equity. | € 51,039 | € 44,707 |
Equity - Additional information
Equity - Additional information (Details) | Dec. 31, 2021EUR (€)shares | Jul. 29, 2021EUR (€)€ / shares | May 13, 2021shares | May 12, 2021EUR (€)€ / shares | May 31, 2021item | Dec. 31, 2021EUR (€)instrumentshares | Dec. 31, 2020EUR (€)shares | Dec. 31, 2019EUR (€) | 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 | € 4,005,000,000 | |||||||||||||||||
Dividend per share to fully settle prior year dividend | € / shares | € 0.24 | |||||||||||||||||||
Dividends recognised as distributions to owners per share | € / shares | 0.36 | |||||||||||||||||||
Interim dividends paid per share relating to prior year | € / shares | € 0.12 | |||||||||||||||||||
Period of time from date of resolution to proceed with purchase of shares | 18 months | |||||||||||||||||||
Percentage of ordinary shares authorized to be purchased | 7.00% | |||||||||||||||||||
Percentage of share capital authorized to be purchased | 7.00% | |||||||||||||||||||
Purchase of shares, maximum authorised amount | € 1,600,000,000 | |||||||||||||||||||
Number of treasury shares purchased | shares | 34,106,871 | |||||||||||||||||||
Purchase of treasury shares | € 400,000,000 | € 400,000,000 | ||||||||||||||||||
Interim dividend distribution of Eni SpA | 1,533,000,000 | 429,000,000 | € 1,542,000,000 | |||||||||||||||||
Costs for the issue of perpetual subordinated bonds | 15,000,000 | 25,000,000 | ||||||||||||||||||
Other reserves | € 190,000,000 | € 190,000,000 | € 190,000,000 | |||||||||||||||||
Number of treasury shares | shares | 65,838,173 | 65,838,173 | 33,045,197 | |||||||||||||||||
Treasury shares | € 958,000,000 | € 958,000,000 | € 581,000,000 | |||||||||||||||||
Treasury shares assigned | shares | 1,313,895 | |||||||||||||||||||
Distributable reserves | 34,000,000,000 | € 34,000,000,000 | ||||||||||||||||||
Long-Term Monetary Incentive Plan 2020 - 2022 | ||||||||||||||||||||
Authorised number of treasury shares to be disposed | shares | 20,000,000 | |||||||||||||||||||
Retained earnings | ||||||||||||||||||||
Interim dividend distribution of Eni SpA | € 1,533,000,000 | |||||||||||||||||||
Interim dividends paid per share | € / shares | € 0.43 | |||||||||||||||||||
Perpetual subordinated bonds | ||||||||||||||||||||
Number of euro-denominated perpetual subordinated hybrid bonds issued | 2 | 2 | ||||||||||||||||||
Costs for the issue of perpetual subordinated bonds | € 15,000,000 | |||||||||||||||||||
Notional amount | 5,000,000,000 | 5,000,000,000 | ||||||||||||||||||
Perpetual subordinated bond, one | ||||||||||||||||||||
Notional amount | € 1,500,000,000 | € 1,500,000,000 | ||||||||||||||||||
Term of the bonds | 5 years 3 months | |||||||||||||||||||
Reoffer price (as a percent) | 99.403% | 99.403% | ||||||||||||||||||
Annual fixed coupon (as a percent) | 2.625% | 2.625% | ||||||||||||||||||
Perpetual subordinated bond, one | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 3.167% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 0.75% | 0.25% | ||||||||||||||||||
Perpetual subordinated bond, two | ||||||||||||||||||||
Notional amount | € 1,500,000,000 | € 1,500,000,000 | ||||||||||||||||||
Term of the bonds | 9 years | |||||||||||||||||||
Reoffer price (as a percent) | 100.00% | 100.00% | ||||||||||||||||||
Annual fixed coupon (as a percent) | 3.375% | 3.375% | ||||||||||||||||||
Perpetual subordinated bond, two | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 3.641% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 0.75% | 0.25% | ||||||||||||||||||
Perpetual subordinated bond three | ||||||||||||||||||||
Notional amount | € 1,000,000,000 | € 1,000,000,000 | ||||||||||||||||||
Term of the bonds | 6 years | |||||||||||||||||||
Reoffer price (as a percent) | 100.00% | 100.00% | ||||||||||||||||||
Annual fixed coupon (as a percent) | 2.00% | 2.00% | ||||||||||||||||||
Perpetual subordinated bond three | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 2.204% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 0.75% | 0.25% | ||||||||||||||||||
Perpetual subordinated bond four | ||||||||||||||||||||
Notional amount | € 1,000,000,000 | € 1,000,000,000 | ||||||||||||||||||
Term of the bonds | 9 years | |||||||||||||||||||
Reoffer price (as a percent) | 99.607% | 99.607% | ||||||||||||||||||
Annual fixed coupon (as a percent) | 2.75% | 2.75% | ||||||||||||||||||
Perpetual subordinated bond four | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 2.771% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 0.75% | 0.25% | ||||||||||||||||||
Merger reserve | ||||||||||||||||||||
Other reserves | € 127,000,000 | € 127,000,000 | ||||||||||||||||||
ENI SpA | ||||||||||||||||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | € 4,005,358,876 | |||||||||||||||||
ENI SpA | Ordinary shares | ||||||||||||||||||||
Number of shares issued | shares | 3,605,594,848 | 3,605,594,848 | 3,605,594,848 |
Other information - Supplementa
Other information - Supplemental Cash Flow Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other information | |||
Current assets | € 632 | € 15 | € 1 |
Non-current assets | 3,076 | 193 | 12 |
Net borrowings | (64) | ||
Current and non-current liabilities | (17) | (6) | |
Net effect of investments | 127 | 7 | |
Non-controlling interests | (4) | (15) | (2) |
Purchase price | 2,222 | 112 | 5 |
Cash and cash equivalents acquired | (3) | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent acquired | 1,901 | € 109 | 5 |
Current assets | 77 | ||
Non-current assets | 188 | ||
Net borrowings | 11 | ||
Current and non-current liabilities | (57) | ||
Net effect of disposals | 219 | ||
Reclassification of foreign currency translation differences among other items of OCI | (24) | ||
Gain (loss) on disposal | 16 | ||
Selling price | 211 | ||
Cash and cash equivalents sold | (24) | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | 76 | € 187 | |
Business combinations excluding Union Fenosa Gas | |||
Other information | |||
Current assets | 262 | ||
Non-current assets | 2,698 | ||
Net borrowings | (486) | ||
Current and non-current liabilities | (349) | ||
Net effect of investments | 2,125 | ||
Fair value of investments held before the acquisition of control | (99) | ||
Non-controlling interests | (4) | ||
Purchase price | 2,022 | ||
Cash and cash equivalents acquired | (121) | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent acquired | 1,901 | ||
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 | |||
Other information | |||
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 | ||
Cash and cash equivalents acquired | (42) | ||
Net effect of disposals | 32 | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | € 74 |
Other information - Additional
Other information - Additional Information (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2020EUR (€)companyproject | Dec. 31, 2019EUR (€) | Dec. 31, 2021EUR (€) | |
Other information | |||
Consideration transferred, acquisition-date fair value | € 112 | € 5 | € 2,222 |
Agip Oil Ecuador BV | |||
Other information | |||
Percentage of ownership interest divested | 100.00% | ||
Evolvere | |||
Other information | |||
Percentage of voting equity interests acquired | 70.00% | ||
Consideration transferred, acquisition-date fair value | € 97 | ||
Cash and cash equivalents in subsidiary or businesses acquired or disposed | 3 | ||
Companies holding authorization rights for wind projects | |||
Other information | |||
Consideration transferred, acquisition-date fair value | € 12 | ||
Number of companies acquired | company | 3 | ||
Number of wind projects to be constructed in Puglia | project | 3 | ||
SEA SpA | |||
Other information | |||
Percentage of voting equity interests acquired | 60.00% | ||
Petroven Srl | |||
Other information | |||
Percentage of voting equity interests acquired | 32.00% |
Guarantees, commitments and r_3
Guarantees, commitments and risks - Guarantees (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Guarantees, commitments and risks | ||
Guarantees | € 10,160 | € 8,884 |
Consolidated subsidiaries | ||
Guarantees, commitments and risks | ||
Guarantees | 6,432 | 4,758 |
Investments in unconsolidated entities controlled by Eni | ||
Guarantees, commitments and risks | ||
Guarantees | 190 | 176 |
Joint ventures and associates | ||
Guarantees, commitments and risks | ||
Guarantees | 3,358 | 3,800 |
Others | ||
Guarantees, commitments and risks | ||
Guarantees | € 180 | € 150 |
Guarantees, commitments and r_4
Guarantees, commitments and risks - Commitments and risks (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Guarantees, commitments and risks | ||
Commitments | € 75,201 | € 69,998 |
Risks | 934 | 600 |
Commitments and risks | € 76,135 | € 70,598 |
Guarantees, commitments and r_5
Guarantees, commitments and risks - Value at risk - parametric method (Details) - EUR (€) € in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Interest rate risk | ||
Guarantees, commitments and risks | ||
Value at risk | € 3,660 | € 1,340 |
Interest rate risk | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 11,040 | 7,390 |
Interest rate risk | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 1,290 | 1,180 |
Interest rate risk | Average | ||
Guarantees, commitments and risks | ||
Value at risk | 3,320 | 2,930 |
Currency | ||
Guarantees, commitments and risks | ||
Value at risk | 120 | 180 |
Currency | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 280 | 480 |
Currency | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 110 | 100 |
Currency | Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 180 | € 280 |
Guarantees, commitments and r_6
Guarantees, commitments and risks - Value at risk - Historic simulation method (Details) - EUR (€) € in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Commercial exposure | ||
Guarantees, commitments and risks | ||
Value at risk | € 2,910 | € 3,020 |
Commercial exposure | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 42,760 | 16,100 |
Commercial exposure | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 2,910 | 3,020 |
Commercial exposure | Average | ||
Guarantees, commitments and risks | ||
Value at risk | 23,800 | 8,500 |
Trading | ||
Guarantees, commitments and risks | ||
Value at risk | 200 | 250 |
Trading | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 1,030 | 1,570 |
Trading | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 120 | 100 |
Trading | Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 370 | € 520 |
Guarantees, commitments and r_7
Guarantees, commitments and risks - Sensitivity EUR (Details) - Strategic liquidity risk - Euro - EUR (€) € in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Guarantees, commitments and risks | ||
Value at risk | € 300 | € 300 |
Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 290 | 290 |
Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 400 | 370 |
Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 330 | € 320 |
Guarantees, commitments and r_8
Guarantees, commitments and risks - Sensitivity USD (Details) - Strategic liquidity risk - US Dollars - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Guarantees, commitments and risks | ||
Value at risk | $ 130 | $ 50 |
Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 50 | 30 |
Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 140 | 70 |
Average | ||
Guarantees, commitments and risks | ||
Value at risk | $ 110 | $ 50 |
Guarantees, commitments and r_9
Guarantees, commitments and risks - Expected payments for liabilities, trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Debt and derivatives | ||
Guarantees, commitments and risks | ||
Financial liabilities | € 46,342 | € 33,332 |
Debt and derivatives | within 1 year | ||
Guarantees, commitments and risks | ||
Financial liabilities | 18,033 | 7,003 |
Debt and derivatives | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 5,030 | 2,137 |
Debt and derivatives | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 2,898 | 3,985 |
Debt and derivatives | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 3,124 | 2,541 |
Debt and derivatives | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 4,414 | 3,143 |
Debt and derivatives | beyond 5 years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 12,843 | 14,523 |
Long-term debt and current portion of long-term debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 25,708 | 23,695 |
Long-term debt and current portion of long-term debt | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,903 | 1,697 |
Long-term debt and current portion of long-term debt | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,339 | 1,518 |
Long-term debt and current portion of long-term debt | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,272 | 3,469 |
Long-term debt and current portion of long-term debt | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,616 | 2,049 |
Long-term debt and current portion of long-term debt | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 3,910 | 2,730 |
Long-term debt and current portion of long-term debt | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 10,668 | 12,232 |
Short term debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,299 | 2,882 |
Short term debt | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,299 | 2,882 |
Long-term and current portion of long-term lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 5,309 | 4,984 |
Long-term and current portion of long-term lease liabilities | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 920 | 815 |
Long-term and current portion of long-term lease liabilities | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 688 | 593 |
Long-term and current portion of long-term lease liabilities | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 565 | 503 |
Long-term and current portion of long-term lease liabilities | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 508 | 442 |
Long-term and current portion of long-term lease liabilities | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 481 | 413 |
Long-term and current portion of long-term lease liabilities | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,147 | 2,218 |
Derivatives | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 13,026 | 1,771 |
Derivatives | within 1 year | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 12,911 | 1,609 |
Derivatives | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 3 | 26 |
Derivatives | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 61 | 13 |
Derivatives | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 50 | |
Derivatives | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 23 | |
Derivatives | beyond 5 years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 28 | 73 |
Interest on finance debt and lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,636 | 5,218 |
Interest on finance debt and lease liabilities | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 757 | 797 |
Interest on finance debt and lease liabilities | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 709 | 725 |
Interest on finance debt and lease liabilities | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 600 | 680 |
Interest on finance debt and lease liabilities | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 543 | 579 |
Interest on finance debt and lease liabilities | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 441 | 525 |
Interest on finance debt and lease liabilities | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,586 | 1,912 |
Interest on finance debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,873 | 3,347 |
Interest on finance debt | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 475 | 502 |
Interest on finance debt | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 462 | 473 |
Interest on finance debt | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 386 | 461 |
Interest on finance debt | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 359 | 387 |
Interest on finance debt | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 286 | 360 |
Interest on finance debt | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 905 | 1,164 |
Interest on lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,763 | 1,871 |
Interest on lease liabilities | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 282 | 295 |
Interest on lease liabilities | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 247 | 252 |
Interest on lease liabilities | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 214 | 219 |
Interest on lease liabilities | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 184 | 192 |
Interest on lease liabilities | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 155 | 165 |
Interest on lease liabilities | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 681 | 748 |
Guarantees | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,599 | 1,072 |
Guarantees | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | € 1,599 | € 1,072 |
Guarantees, commitments and _10
Guarantees, commitments and risks - Expected payments for trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Guarantees, commitments and risks | ||
Trade and other payables | € 21,941 | € 13,141 |
within 1 year | ||
Guarantees, commitments and risks | ||
Trade and other payables | 21,720 | 12,936 |
between 2 and 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | 112 | 111 |
beyond 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | 109 | 94 |
Trade payables | ||
Guarantees, commitments and risks | ||
Trade and other payables | 16,795 | 8,679 |
Trade payables | within 1 year | ||
Guarantees, commitments and risks | ||
Trade and other payables | 16,795 | 8,679 |
Other payables and advances | ||
Guarantees, commitments and risks | ||
Trade and other payables | 5,146 | 4,462 |
Other payables and advances | within 1 year | ||
Guarantees, commitments and risks | ||
Trade and other payables | 4,925 | 4,257 |
Other payables and advances | between 2 and 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | 112 | 111 |
Other payables and advances | beyond 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | € 109 | € 94 |
Guarantees, commitments and _11
Guarantees, commitments and risks - Expected payments under contractual obligations (Details) € in Millions | Dec. 31, 2021EUR (€) |
Guarantees, commitments and risks | |
Contractual obligations | € 173,876 |
within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 29,610 |
Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 21,038 |
Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 17,807 |
Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 14,495 |
Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 11,771 |
beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 79,155 |
Decommissioning liabilities | |
Guarantees, commitments and risks | |
Contractual obligations | 12,523 |
Decommissioning liabilities | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 370 |
Decommissioning liabilities | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 298 |
Decommissioning liabilities | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 448 |
Decommissioning liabilities | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 377 |
Decommissioning liabilities | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 436 |
Decommissioning liabilities | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 10,594 |
Environmental liabilities | |
Guarantees, commitments and risks | |
Contractual obligations | 2,148 |
Environmental liabilities | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 376 |
Environmental liabilities | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 346 |
Environmental liabilities | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 297 |
Environmental liabilities | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 245 |
Environmental liabilities | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 178 |
Environmental liabilities | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 706 |
Purchase obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 159,099 |
Purchase obligations | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 28,862 |
Purchase obligations | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 20,394 |
Purchase obligations | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 17,062 |
Purchase obligations | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 13,873 |
Purchase obligations | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 11,157 |
Purchase obligations | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 67,751 |
Gas take-or-pay contracts | |
Guarantees, commitments and risks | |
Contractual obligations | 153,559 |
Gas take-or-pay contracts | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 25,874 |
Gas take-or-pay contracts | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 19,547 |
Gas take-or-pay contracts | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 16,344 |
Gas take-or-pay contracts | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 13,483 |
Gas take-or-pay contracts | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 10,934 |
Gas take-or-pay contracts | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 67,377 |
Gas ship or pay contracts | |
Guarantees, commitments and risks | |
Contractual obligations | 2,743 |
Gas ship or pay contracts | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 866 |
Gas ship or pay contracts | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 487 |
Gas ship or pay contracts | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 443 |
Gas ship or pay contracts | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 379 |
Gas ship or pay contracts | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 217 |
Gas ship or pay contracts | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 351 |
Other purchase obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 2,797 |
Other purchase obligations | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 2,122 |
Other purchase obligations | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 360 |
Other purchase obligations | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 275 |
Other purchase obligations | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 11 |
Other purchase obligations | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 6 |
Other purchase obligations | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 23 |
Other obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 106 |
Other obligations | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 2 |
Other obligations | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 104 |
Memorandum of intent Val d'Agri | |
Guarantees, commitments and risks | |
Contractual obligations | 106 |
Memorandum of intent Val d'Agri | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 2 |
Memorandum of intent Val d'Agri | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | € 104 |
Guarantees, commitments and _12
Guarantees, commitments and risks - Capital investment and capital expenditure commitments (Details) € in Millions | Dec. 31, 2021EUR (€) |
Guarantees, commitments and risks | |
Committed projects | € 14,848 |
within 1 year | |
Guarantees, commitments and risks | |
Committed projects | 5,107 |
Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Committed projects | 3,712 |
Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Committed projects | 2,273 |
Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Committed projects | 1,420 |
Later than four years | |
Guarantees, commitments and risks | |
Committed projects | 2,336 |
Not later than four years | |
Guarantees, commitments and risks | |
Expected capital investment and capital expenditure | € 28,100 |
Guarantees, commitments and _13
Guarantees, commitments and risks - Other information about financial instruments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Guarantees, commitments and risks | |||
Financial assets held for trading | € 6,301 | € 5,502 | |
Non-hedging and trading derivatives | (611) | (19) | |
Other investments valued at fair value | 1,294 | 957 | € 929 |
Trade receivables and other | 19,124 | 10,955 | |
Financing receivables | 6,140 | 1,207 | |
Securities | 53 | 55 | |
Trade payables and other | 21,941 | 13,141 | |
Financing payables | 27,794 | 26,686 | |
Net assets (liabilities) for hedging derivatives | 96 | (52) | |
Financial assets held for trading, Income (expense) recognized in profit and loss account | 11 | 31 | |
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 597 | (415) | |
Other investments valued at fair value, Income (expense) recognized in profit and loss account | 230 | 150 | |
Other investments valued at fair value, Income (expense) recognized in other comprehensive income | 105 | 24 | |
Trade receivables and other, Income (expense) recognized in profit and loss account | (226) | (213) | |
Financing receivables, Income (expense) recognized in profit and loss account | 39 | 99 | |
Trade payables and other, Income (expense) recognized in profit and loss account | (80) | (31) | |
Financing payables, Income (expense) recognized in profit and loss account | (250) | (632) | |
Net assets (liabilities) for hedging derivatives, Income (expense) recognized in profit and loss account | (215) | (941) | |
Net assets (liabilities) for hedging derivatives, Income (expense) recognized in other comprehensive income | (1,264) | 661 | |
Other operating income (loss) | |||
Guarantees, commitments and risks | |||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 903 | (766) | |
Financial income (expense) | |||
Guarantees, commitments and risks | |||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | (306) | 351 | |
Trade receivables and other, Income (expense) recognized in profit and loss account | 53 | 13 | |
Financing receivables, Income (expense) recognized in profit and loss account | 53 | 92 | |
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 | 18 | 22 | |
Interest expense calculated on the basis of the effective interest rate | |||
Guarantees, commitments and risks | |||
Financing payables, Income (expense) recognized in profit and loss account | (487) | (531) | |
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 | (279) | (226) | |
Net revaluations or impairments | |||
Guarantees, commitments and risks | |||
Financing receivables, Income (expense) recognized in profit and loss account | € (25) | € (1) |
Guarantees, commitments and _14
Guarantees, commitments and risks - Offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other payables | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | € 23,331 | € 13,691 |
Gross amount of financial assets subject to offsetting | 1,611 | 755 |
Net amount of financial liabilities | 21,720 | 12,936 |
Other current liabilities | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | 22,913 | 5,905 |
Gross amount of financial assets subject to offsetting | 7,157 | 1,033 |
Net amount of financial liabilities | 15,756 | 4,872 |
Other non-current liabilities | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | 2,248 | 1,877 |
Gross amount of financial assets subject to offsetting | 2 | |
Net amount of financial liabilities | 2,246 | 1,877 |
Trade and other receivables | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 20,461 | 11,681 |
Gross amount of financial liabilities subject to offsetting | 1,611 | 755 |
Net amount of financial assets | 18,850 | 10,926 |
Other current assets | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 20,791 | 3,719 |
Gross amount of financial liabilities subject to offsetting | 7,157 | 1,033 |
Net amount of financial assets | 13,634 | 2,686 |
Other non-current assets | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 1,031 | 1,253 |
Gross amount of financial liabilities subject to offsetting | 2 | |
Net amount of financial assets | € 1,029 | € 1,253 |
Guarantees, commitments and _15
Guarantees, commitments and risks - Additional information (Details) t in Thousands, $ in Millions | 1 Months Ended | 12 Months Ended | ||||||||||
May 31, 2021EUR (€)item | Oct. 31, 2020EUR (€) | Jul. 31, 2008EUR (€) | Dec. 31, 2022EUR (€) | Dec. 31, 2021EUR (€)tinstrument | Dec. 31, 2020EUR (€) | Dec. 31, 2021USD ($) | Mar. 15, 2021EUR (€) | Mar. 10, 2021EUR (€) | Dec. 31, 2019EUR (€) | Mar. 31, 2017EUR (€) | Dec. 31, 2012EUR (€) | |
Guarantees, commitments and risks | ||||||||||||
Guarantees | € 10,160,000,000 | € 8,884,000,000 | ||||||||||
Capital commitments | 14,848,000,000 | |||||||||||
Investment agreed | 106,000,000 | 108,000,000 | ||||||||||
Risks | 934,000,000 | 600,000,000 | ||||||||||
Amount charged for contract of property | € 117,000,000 | |||||||||||
Period over which the management deems the liquidity reserves retained are enough to meet the financial obligations | 18 months | |||||||||||
Lease liabilities | € 5,337,000,000 | 5,018,000,000 | € 5,648,000,000 | |||||||||
Contractual commitment, obligation of companies held for sale | € 67,000,000 | |||||||||||
Quantity of total emission of carbon dioxide | t | 17,740 | |||||||||||
Quantity of free emission allowance of carbon dioxide | t | 5,340 | |||||||||||
Deficit quantity of emission allowance of carbon dioxide | t | 12,400 | |||||||||||
Perpetual subordinated bonds | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Notional amount | € 5,000,000,000 | |||||||||||
Number of euro-denominated perpetual subordinated hybrid bonds issued | 2 | 2 | ||||||||||
Notional amount of bonds issued during period | € 2,000,000,000 | € 3,000,000,000 | € 2,000,000,000 | |||||||||
Equity credit assigned (as a percent) | 50.00% | |||||||||||
Sustainability-linked bond | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Notional amount of bonds issued during period | 1,000,000,000 | |||||||||||
Project relating to Dogger Bank (C) | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Capital commitments | € 262,000,000 | |||||||||||
Equity interest acquired (as a percent) | 20.00% | 20.00% | ||||||||||
Spain and Greece renewable energy project | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Capital commitments | € 250,000,000 | |||||||||||
Alleged illegal handling of waste material | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Fine payable | € 700,000 | |||||||||||
Contextual confiscation amount | € 44,248,071 | |||||||||||
Environmental claim relating to Municipality of Cengio | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Claim amount | € 250,000,000 | |||||||||||
Block OPL 245 Nigeria | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Claim amount | $ | $ 1,092 | |||||||||||
Estimated fair value of the asset | $ | $ 3,500 | |||||||||||
Interest in assets (as a percent) | 50.00% | |||||||||||
Congo proceedings | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Sanction agreed | € 11,800,000 | |||||||||||
Derivatives | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Gross amount of financial assets and liabilities subject to offsetting | € 7,159,000,000 | 1,033,000,000 | ||||||||||
Eni Abu Dhabi Refining & Trading BV | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Capital commitments | € 3,532,000,000 | 3,260,000,000 | ||||||||||
Eni Abu Dhabi Refining & Trading BV | ADNOC Refining | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Equity interest acquired (as a percent) | 20.00% | 20.00% | ||||||||||
Trans Tunisian Pipeline Company SpA and Transmediterranean Pipeline Co Ltd | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Capital commitments | € 385,000,000 | |||||||||||
Equity interest to be transferred | 49.90% | |||||||||||
Eni Trading Shipping Inc | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Gross amount of financial assets and liabilities subject to offsetting | € 71,000,000 | 2,000,000 | ||||||||||
Eni Rewind SpA and Versalis SpA | Porto Torres dock damage | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Claim amount | € 1,500,000,000 | |||||||||||
Eni Rewind SpA | Alleged environmental damage caused by DDT pollution in Lake Maggiore | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Litigation damages annulled by the court | € 1,833,500,000 | |||||||||||
Estimated damage value | € 7,000,000 | |||||||||||
Number of years required to monitor natural recovery | 20 years | |||||||||||
Estimated compensatory work | € 9,500,000 | |||||||||||
Exploration & Production | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Gross amount of financial assets and liabilities subject to offsetting | 1,540,000,000 | 753,000,000 | ||||||||||
Uncommitted short-term borrowing facilities | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Undrawn borrowing facilities | 6,207,000,000 | 7,183,000,000 | ||||||||||
Committed borrowing facilities | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Undrawn borrowing facilities | 2,835,000,000 | 5,295,000,000 | ||||||||||
Commited credit lines | 5,114,000,000 | |||||||||||
Committed borrowing facilities | Over 12 months | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Undrawn borrowing facilities | 2,820,000,000 | 4,750,000,000 | ||||||||||
Euro Medium Term Notes | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Maximum amount issuable | 20,000,000,000 | |||||||||||
Notional amount | 16,400,000,000 | |||||||||||
Risk associated with contractual assurances to acquirers | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Risks | 246,000,000 | 230,000,000 | ||||||||||
Value of assets of third parties under custody | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Risks | € 688,000,000 | 370,000,000 | ||||||||||
Currency | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Period of possible future changes in market values monitored | 1 day | |||||||||||
Percentage of confidence level | 99.00% | |||||||||||
Holding period | 20 days | |||||||||||
Interest rate risk | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Percentage of confidence level | 99.00% | |||||||||||
Holding period | 20 days | |||||||||||
Commodity price risk | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Percentage of confidence level | 95.00% | |||||||||||
Holding period | 1 day | |||||||||||
Strategic liquidity risk | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Percentage of confidence level | 99.00% | |||||||||||
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 | € 70,039,000,000 | € 64,294,000,000 | ||||||||||
Increase (decrease) in capital commitments | € 5,745,000,000 | |||||||||||
Angola LNG Supply Services Llc | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Percentage of interest in project | 13.60% | |||||||||||
Cardon IV SA | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Proportion of ownership interest in joint venture | 50.00% | |||||||||||
Proportion of voting rights held in joint venture | 50.00% | 50.00% | ||||||||||
Contractual volumes of gas amount | € 11,000,000,000 | |||||||||||
Saipem SpA | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Proportion of ownership interest in joint venture | 30.54% | |||||||||||
Proportion of voting rights held in joint venture | 31.20% | 31.08% | ||||||||||
Expected capital increase | € 2,000,000,000 | |||||||||||
Eni USA Gas Marketing Llc | Angola LNG Supply Services Llc | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Capital commitments | € 1,672,000,000 | |||||||||||
Partners of unincorporated joint operations | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Lease liabilities | € 2,370,000,000 | 2,429,000,000 | ||||||||||
ENI SpA | Committed borrowing facilities | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Commited credit lines | 5,000,000,000 | |||||||||||
ENI SpA | Euro Medium Term Notes | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Notional amount | 14,100,000,000 | |||||||||||
ENI SpA | Saipem SpA | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Expected capital increase | € 610,000,000 | |||||||||||
EniPower SpA | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Capital commitments | 99,000,000 | |||||||||||
Coral FLNG SA | Third parties | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Maximum financial guarantee given by the company | € 1,324,000,000 | |||||||||||
Percentage of obligation covered by guarantee | 100.00% | |||||||||||
Consolidated subsidiaries | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantee for bid bonds and performance bonds | € 3,601,000,000 | 3,209,000,000 | ||||||||||
Underlying commitment | 6,267,000,000 | 4,520,000,000 | ||||||||||
Guarantees | 6,432,000,000 | 4,758,000,000 | ||||||||||
Consolidated subsidiaries | Exploration & Production | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Independent gurantee contract amount | 943,000,000 | |||||||||||
Consolidated subsidiaries | Third parties | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Independent gurantee contract amount | 913,000,000 | |||||||||||
Investments in unconsolidated entities controlled by Eni | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantees | 190,000,000 | 176,000,000 | ||||||||||
Joint ventures and associates | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantee for bid bonds and performance bonds | 1,764,000,000 | 1,544,000,000 | ||||||||||
Underlying commitment | 1,816,000,000 | 1,898,000,000 | ||||||||||
Guarantees | 3,358,000,000 | 3,800,000,000 | ||||||||||
Joint ventures and associates | Unsecured and other guarantees | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Bank guarantee | 1,413,000,000 | 1,533,000,000 | ||||||||||
Joint ventures and associates | Rete Ferroviaria Italiana SpA | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantees | 499,000,000 | |||||||||||
Joint ventures and associates | Gulf LNG Energy and Gulf LNG Pipeline | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantees | 179,000,000 | 165,000,000 | ||||||||||
Joint ventures and associates | Coral FLNG SA | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantee for bid bonds and performance bonds | 1,260,000,000 | 1,079,000,000 | ||||||||||
Joint ventures and associates | Coral FLNG SA | Unsecured and other guarantees | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Bank guarantee | 1,304,000,000 | |||||||||||
Others | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Underlying commitment | 124,000,000 | 87,000,000 | ||||||||||
Guarantees | 180,000,000 | 150,000,000 | ||||||||||
Others | State oil Company of Mozambique ENH | ||||||||||||
Guarantees, commitments and risks | ||||||||||||
Guarantees | € 157,000,000 | € 145,000,000 |
Revenues and other income (Deta
Revenues and other income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Products sales and service revenues | |||
Sales of crude oil | € 18,283 | € 10,993 | € 20,866 |
Sales of oil products | 19,624 | 12,369 | 20,804 |
Sales of natural gas and LNG | 24,009 | 11,266 | 17,922 |
Sales of petrochemical products | 5,659 | 3,296 | 4,110 |
Sales of other products | 5,495 | 2,515 | 2,593 |
Services | 3,505 | 3,548 | 3,586 |
Sales from operations | 76,575 | 43,987 | 69,881 |
Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 75,754 | 42,987 | 68,848 |
Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 821 | 1,000 | 1,033 |
Exploration & Production | |||
Products sales and service revenues | |||
Sales of crude oil | 3,573 | 1,969 | 3,505 |
Sales of oil products | 885 | 517 | 1,189 |
Sales of natural gas and LNG | 4,122 | 3,505 | 5,454 |
Sales of other products | 40 | 113 | 68 |
Services | 226 | 255 | 283 |
Sales from operations | 8,846 | 6,359 | 10,499 |
Exploration & Production | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 8,506 | 5,896 | 9,946 |
Exploration & Production | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 340 | 463 | 553 |
Global Gas & LNG Portfolio | |||
Products sales and service revenues | |||
Sales of natural gas and LNG | 16,608 | 5,000 | 8,881 |
Sales of other products | 6 | (2) | |
Services | 359 | 364 | 349 |
Sales from operations | 16,973 | 5,362 | 9,230 |
Global Gas & LNG Portfolio | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 16,823 | 5,239 | 9,117 |
Global Gas & LNG Portfolio | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 150 | 123 | 113 |
Refining & Marketing and Chemical | |||
Products sales and service revenues | |||
Sales of crude oil | 14,710 | 9,024 | 17,361 |
Sales of oil products | 18,739 | 11,852 | 19,615 |
Sales of natural gas and LNG | 34 | 20 | 214 |
Sales of petrochemical products | 5,652 | 3,277 | 4,088 |
Sales of other products | 132 | 36 | 16 |
Services | 784 | 728 | 682 |
Sales from operations | 40,051 | 24,937 | 41,976 |
Refining & Marketing and Chemical | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 39,836 | 24,639 | 41,727 |
Refining & Marketing and Chemical | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 215 | 298 | 249 |
Plenitude & Power | |||
Products sales and service revenues | |||
Sales of natural gas and LNG | 3,245 | 2,741 | 3,373 |
Sales of other products | 5,316 | 2,366 | 2,503 |
Services | 1,956 | 2,028 | 2,096 |
Sales from operations | 10,517 | 7,135 | 7,972 |
Plenitude & Power | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 10,517 | 7,135 | 7,972 |
Corporate and Other activities | |||
Products sales and service revenues | |||
Sales of petrochemical products | 7 | 19 | 22 |
Sales of other products | 1 | 2 | 6 |
Services | 180 | 173 | 176 |
Sales from operations | 188 | 194 | 204 |
Corporate and Other activities | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 72 | 78 | 86 |
Corporate and Other activities | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | € 116 | € 116 | € 118 |
Revenues and other income - Ass
Revenues and other income - Associated with liabilities and performance obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues and other income | |||
Revenues associated with contract liabilities at the beginning of the period | € 658 | € 818 | € 747 |
Revenues associated with performance obligations totally or partially satisfied in previous years | € 30 | € 10 |
Revenues and other income - Oth
Revenues and other income - Other income and revenues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues and other income | |||
Gains from sale of assets and businesses | € 107 | € 10 | € 152 |
Other proceeds | 1,089 | 950 | 1,008 |
Other income and revenues | € 1,196 | € 960 | € 1,160 |
Revenues and other income - Add
Revenues and other income - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues and other income | |||
Recovery of cost share of right-of-use assets pertaining to partners of unincorporated joint operations | € 281 | € 357 | € 368 |
Costs (Details)
Costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Costs | |||
Production costs - raw, ancillary and consumable materials and goods | € 41,174 | € 21,432 | € 36,272 |
Production costs - services | 10,646 | 9,710 | 11,589 |
Lease expense and other | 1,233 | 876 | 1,478 |
Net provisions for contingencies | 707 | 349 | 858 |
Other expenses | 1,983 | 1,317 | 879 |
Purchase, services and other charges gross | 55,743 | 33,684 | 51,076 |
capitalized direct costs associated with self-constructed assets - tangible assets | (185) | (128) | (197) |
capitalized direct costs associated with self-constructed assets - intangible assets | (9) | (5) | (5) |
Purchases, services and other | € 55,549 | € 33,551 | € 50,874 |
Costs - Payroll and related cos
Costs - Payroll and related costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Costs | |||
Wages and salaries | € 2,182 | € 2,193 | € 2,417 |
Social security contributions | 455 | 458 | 449 |
Cost related to employee benefit plans | 165 | 102 | 85 |
Other costs | 204 | 239 | 213 |
Payroll and related costs gross | 3,006 | 2,992 | 3,164 |
Capitalized direct costs associated with self-constructed assets - tangible assets | (111) | (118) | (152) |
Capitalized direct costs associated with self-constructed assets - intangible assets | (7) | (11) | (16) |
Payroll and related costs | € 2,888 | € 2,863 | € 2,996 |
Costs - Average number of emplo
Costs - Average number of employees (Details) - employee | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Subsidiaries | |||
Costs | |||
Average number of employees | 31,332 | 31,048 | 31,136 |
Subsidiaries | Senior Managers | |||
Costs | |||
Average number of employees | 966 | 993 | 1,014 |
Subsidiaries | Junior Managers | |||
Costs | |||
Average number of employees | 9,143 | 9,280 | 9,267 |
Subsidiaries | Employees | |||
Costs | |||
Average number of employees | 15,747 | 15,995 | 15,945 |
Subsidiaries | Workers | |||
Costs | |||
Average number of employees | 5,476 | 4,780 | 4,910 |
Joint operations | |||
Costs | |||
Average number of employees | 760 | 726 | 741 |
Joint operations | Senior Managers | |||
Costs | |||
Average number of employees | 18 | 17 | 16 |
Joint operations | Junior Managers | |||
Costs | |||
Average number of employees | 78 | 73 | 77 |
Joint operations | Employees | |||
Costs | |||
Average number of employees | 380 | 349 | 361 |
Joint operations | Workers | |||
Costs | |||
Average number of employees | 284 | 287 | 287 |
Costs - Compensation of key man
Costs - Compensation of key management personnel (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Costs | |||
Wages and salaries | € 29 | € 30 | € 28 |
Post-employment benefits | 3 | 2 | 2 |
Other long-term benefits | 15 | 12 | 12 |
Indemnities upon termination of employment | 21 | 12 | |
Key management personnel compensation | € 47 | € 65 | € 54 |
Costs - Additional information
Costs - Additional information (Details) € / shares in Units, € in Thousands, shares in Millions | 12 Months Ended | ||||
Dec. 31, 2021EUR (€)EquityInstrumentsitem€ / shares | Dec. 31, 2020EUR (€)EquityInstruments€ / shares | Dec. 31, 2019EUR (€)€ / shares | May 13, 2020itemshares | Apr. 13, 2017shares | |
Costs | |||||
Geological and geophysical costs of exploration activities | € 194,000 | € 196,000 | € 275,000 | ||
Research and development costs | 177,000 | 157,000 | 194,000 | ||
Royalty expense | 946,000 | 673,000 | 1,183,000 | ||
Net additions for contingencies | 707,000 | 349,000 | 858,000 | ||
Provisions for redundancy incentives expense | 94,000 | 105,000 | 45,000 | ||
Defined contribution plans expense | € 97,000 | € 96,000 | € 99,000 | ||
Number of annual awards | item | 3 | ||||
Vesting period | 3 years | ||||
Lock-up clause percentage | 50.00% | ||||
Lock-up clause term | 1 year | ||||
Number of other equity instruments granted in share-based payment arrangement | 2,365,581 | 2,922,749 | 1,759,273 | ||
Weighted average fair value of awarded shares | € / shares | € 8.15 | € 4.67 | € 9.88 | ||
Weighted average share price at grant date | € / shares | € 13.714 | ||||
Expected dividend as percentage | 6.10% | ||||
Expected volatility | 19.00% | ||||
Expense from share-based payment transactions with employees | € 16,000 | € 7,000 | € 9,000 | ||
Directors' remuneration expense | 10,130 | 7,540 | 9,200 | ||
Statutory auditors remuneration expense | € 550 | € 571 | 613 | ||
Minimum | |||||
Costs | |||||
Percentage of shares that will vest after vesting period | 0.00% | ||||
Weighted average share price at grant date | € / shares | € 11.642 | € 5.885 | |||
Expected dividend as percentage | 7.10% | 7.10% | |||
Expected volatility | 44.00% | 41.00% | |||
Maximum | |||||
Costs | |||||
Percentage of shares that will vest after vesting period | 180.00% | ||||
Weighted average share price at grant date | € / shares | € 12.164 | € 8.303 | |||
Expected dividend as percentage | 7.40% | 10.00% | |||
Expected volatility | 45.00% | 44.00% | |||
Long-Term Monetary Incentive Plan 2017 - 2019 | |||||
Costs | |||||
Percentage of shares that will be granted depending on market condition in terms of TSR | 50.00% | ||||
Percentage of shares that will be granted depending on the growth in the Net Present Value (NPV) of proved reserves benchmarked against the Peer Group | 50.00% | ||||
Long-Term Monetary Incentive Plan 2017 - 2019 | Maximum | |||||
Costs | |||||
Limit of shares to be granted in share-based payment arrangement | shares | 11 | ||||
Long-Term Monetary Incentive Plan 2020 - 2022 | |||||
Costs | |||||
Percentage of shares that will be granted depending on market condition in terms of TSR | 25.00% | ||||
Percentage of shares that will be granted depending on a relative parameter represented by an industrial objective | 20.00% | ||||
Percentage of shares that will be granted depending on an absolute parameter represented by an economic-financial objective | 20.00% | ||||
Percentage of shares that will be granted depending on environmental sustainability and energy transition objective | 35.00% | ||||
Number of absolute objectives considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | item | 3 | ||||
Percentage of shares that will be granted depending on decarbonisation objective | 15.00% | ||||
Percentage of shares that will be granted depending on energy transition objective | 10.00% | ||||
Percentage of shares that will be granted depending on circular economy objective | 10.00% | ||||
Number of important projects considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | 3 | ||||
Long-Term Monetary Incentive Plan 2020 - 2022 | Maximum | |||||
Costs | |||||
Limit of shares to be granted in share-based payment arrangement | shares | 20 | ||||
Environmental liabilities | |||||
Costs | |||||
Net additions for contingencies | € 279,000 | € (15,000) | 329,000 | ||
Provisions for litigations | |||||
Costs | |||||
Net additions for contingencies | € 162,000 | € 76,000 | € 60,000 |
Finance income (expense) (Detai
Finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Finance income (expense) | |||
Finance income | € 3,723 | € 3,531 | € 3,087 |
Finance expense | (4,216) | (4,958) | (4,079) |
Net finance income (expense) from financial assets held for trading | 11 | 31 | 127 |
Income (expense) from derivative financial instruments | (306) | 351 | (14) |
Finance income (expense) | € (788) | € (1,045) | € (879) |
Finance income (expense) - Anal
Finance income (expense) - Analysis of finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Finance income (expense) related to net borrowings | |||
Interest and other finance expense on ordinary bonds | € (475) | € (517) | € (618) |
Net finance income (expense) on financial assets held for trading | 11 | 31 | 127 |
Interest and other expense due to banks and other financial institutions | (94) | (102) | (122) |
Interest on lease liabilities | (304) | (347) | (378) |
Interest from banks | 4 | 10 | 21 |
Interest and other income on financial receivables and securities held for non-operating purposes | 9 | 12 | 8 |
Finance income (expense) related to net borrowings | (849) | (913) | (962) |
Exchange differences | 476 | (460) | 250 |
Income (expense) from derivative financial instruments | (306) | 351 | (14) |
Other finance income (expense) | |||
Interest and other income on financing receivables and securities held for operating purposes | 67 | 97 | 112 |
Capitalized finance expense | 68 | 73 | 93 |
Finance expense due to the passage of time (accretion discount) | (144) | (190) | (255) |
Other finance income (expense) | (100) | (3) | (103) |
Other finance income (cost) | (109) | (23) | (153) |
Finance income (expense) | € (788) | € (1,045) | € (879) |
Income (expense) from investm_3
Income (expense) from investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income (expense) from investments | |||
Dividends | € 230 | € 150 | € 247 |
Net gain (loss) on disposals | 1 | 19 | |
Other net income (expense) | (8) | (75) | 15 |
Other gain (loss) from investments | € 223 | € 75 | € 281 |
Income (expense) from investm_4
Income (expense) from investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other gain (loss) from investments | |||
Dividend income | € 230 | € 150 | € 247 |
Nigeria LNG Ltd | |||
Other gain (loss) from investments | |||
Dividend income | 144 | 113 | 186 |
Saudi European Petrochemical Co | |||
Other gain (loss) from investments | |||
Dividend income | € 54 | € 28 | € 46 |
Income taxes (Details)
Income taxes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Current taxes: | |||
Current taxes | € 4,205 | € 1,800 | € 5,228 |
Net deferred taxes: | |||
Net deferred taxes | 640 | 850 | 363 |
Income tax expense | 4,845 | 2,650 | 5,591 |
Effect of additional Corporate Tax | 97 | ||
Italy | |||
Current taxes: | |||
Current taxes | 439 | 199 | 347 |
Net deferred taxes: | |||
Net deferred taxes | (45) | 672 | 599 |
Foreign current income tax expense | 214 | ||
Effect of additional Corporate Tax | 97 | ||
Exploration & Production | Foreign (outside Italy) | |||
Current taxes: | |||
Current taxes | 3,609 | 1,517 | 4,729 |
Net deferred taxes: | |||
Net deferred taxes | 552 | 73 | (172) |
Other segments | Foreign (outside Italy) | |||
Current taxes: | |||
Current taxes | 157 | 84 | 152 |
Net deferred taxes: | |||
Net deferred taxes | € 133 | € 105 | € (64) |
Income taxes - Reconciliation b
Income taxes - Reconciliation between statutory tax and effective tax charge (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income Taxes | |||
Profit (loss) before taxation | € 10,685 | € (5,978) | € 5,746 |
Tax rate (IRES) (%) | 24.00% | 24.00% | 24.00% |
Statutory corporation tax charge (credit) on profit or loss | € 2,564 | € (1,435) | € 1,379 |
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | 2,301 | 1,980 | 2,934 |
- effect of the valuation of the investments under the equity method | 180 | 97 | 9 |
- Italian regional income tax (IRAP) | 140 | 107 | 25 |
- effect additional tax law no 7/2009 | 97 | ||
- impact pursuant to foreign tax effects of italian entities | 108 | 108 | 105 |
- tax effects related to previous years | 52 | (30) | 147 |
- effect due to the tax regime provided for intercompany dividends | 54 | 96 | 65 |
- impact pursuant to the write-down of deferred tax assets | (666) | 1,785 | 938 |
- other adjustments | 15 | (58) | (11) |
Net tax effect | 2,281 | 4,085 | 4,212 |
Income tax expense | 4,845 | 2,650 | 5,591 |
Exploration & Production | |||
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | € 2,040 | € 1,777 | € 2,934 |
Earnings (loss) per share (Deta
Earnings (loss) per share (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Earnings (loss) per share | |||
Weighted average number of shares used for basic earnings (loss) per share | 3,565,973,883 | 3,572,549,651 | 3,592,249,603 |
Potential shares to be issued for ILT incentive plan | 7,598,593 | 2,251,406 | |
Weighted average number of shares used for diluted earnings per share | 3,573,572,476 | 3,572,549,651 | 3,594,501,009 |
Net profit (loss) attributable to Eni | € 5,821 | € (8,635) | € 148 |
Remuneration of subordinated perpetual bonds net of tax effect | (95) | ||
Eni's net profit (loss) for basic and diluted earnings (loss) per share | € 5,726 | € (8,635) | € 148 |
Basic earnings (loss) per share | € 1.61 | € (2.42) | € 0.04 |
Diluted earnings (loss) per share | € 1.60 | € (2.42) | € 0.04 |
Segment information and infor_3
Segment information and information by geographical area (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2021EUR (€)item | Dec. 31, 2020EUR (€) | Dec. 31, 2019EUR (€) | |
Reportable segments | |||
Number of general departments | item | 2 | ||
Sales from operations | € 76,575 | € 43,987 | € 69,881 |
Operating profit | 12,341 | (3,275) | 6,432 |
Net provisions for contingencies | (707) | (349) | (858) |
Depreciation and amortization | (7,063) | (7,304) | (8,106) |
Impairments of tangible and intangible assets and right-of-use assets | (1,723) | (3,855) | (2,570) |
Reversals of tangible and intangible assets | 1,556 | 672 | 382 |
Write-off of tangible and intangible assets | (387) | (329) | (300) |
Share of profit (loss) from equity-accounted investments | (1,091) | (1,733) | (88) |
Assets | 137,765 | 109,648 | |
Equity-accounted investments | 5,887 | 6,749 | 9,035 |
Liabilities | 93,246 | 72,155 | |
Capital expenditure in tangible and intangible assets | 5,234 | 4,644 | 8,360 |
Allocated amounts | |||
Reportable segments | |||
Assets | 94,292 | 79,604 | 91,795 |
Liabilities | 40,989 | 32,405 | 36,401 |
Elimination of intersegment amounts | |||
Reportable segments | |||
Operating profit | (208) | 33 | (120) |
Net provisions for contingencies | (23) | (45) | 51 |
Depreciation and amortization | 33 | 32 | 32 |
Assets | (591) | (402) | (492) |
Liabilities | (49) | (83) | (141) |
Capital expenditure in tangible and intangible assets | (4) | (10) | (14) |
Unallocated amounts | |||
Reportable segments | |||
Assets | 43,473 | 30,044 | 31,645 |
Liabilities | 52,257 | 39,750 | 39,139 |
Exploration & Production | |||
Reportable segments | |||
Sales from operations | 8,846 | 6,359 | 10,499 |
Exploration & Production | Operating segments | |||
Reportable segments | |||
Sales from operations | 21,742 | 13,590 | 23,572 |
Operating profit | 10,066 | (610) | 7,417 |
Net provisions for contingencies | (221) | (98) | (97) |
Depreciation and amortization | (5,976) | (6,273) | (7,060) |
Impairments of tangible and intangible assets and right-of-use assets | (194) | (2,170) | (1,347) |
Reversals of tangible and intangible assets | 1,438 | 282 | 130 |
Write-off of tangible and intangible assets | (384) | (322) | (292) |
Share of profit (loss) from equity-accounted investments | 8 | (980) | 7 |
Assets | 61,753 | 59,439 | 68,915 |
Equity-accounted investments | 2,639 | 2,680 | 4,108 |
Liabilities | 17,046 | 17,501 | 20,164 |
Capital expenditure in tangible and intangible assets | 3,861 | 3,472 | 6,980 |
Exploration & Production | Elimination of intersegment amounts | |||
Reportable segments | |||
Sales from operations | (12,896) | (7,231) | (13,073) |
Global Gas & LNG Portfolio | |||
Reportable segments | |||
Sales from operations | 16,973 | 5,362 | 9,230 |
Global Gas & LNG Portfolio | Operating segments | |||
Reportable segments | |||
Sales from operations | 20,843 | 7,051 | 11,779 |
Operating profit | 899 | (332) | 431 |
Net provisions for contingencies | (139) | (64) | (234) |
Depreciation and amortization | (174) | (125) | (124) |
Impairments of tangible and intangible assets and right-of-use assets | (28) | (2) | |
Reversals of tangible and intangible assets | 2 | 5 | |
Share of profit (loss) from equity-accounted investments | (15) | (21) | |
Assets | 10,022 | 4,020 | 4,092 |
Equity-accounted investments | 17 | 259 | 346 |
Liabilities | 10,072 | 3,785 | 3,836 |
Capital expenditure in tangible and intangible assets | 19 | 11 | 15 |
Global Gas & LNG Portfolio | Elimination of intersegment amounts | |||
Reportable segments | |||
Sales from operations | (3,870) | (1,689) | (2,549) |
Refining & Marketing and Chemical | |||
Reportable segments | |||
Sales from operations | 40,051 | 24,937 | 41,976 |
Refining & Marketing and Chemical | Operating segments | |||
Reportable segments | |||
Sales from operations | 40,374 | 25,340 | 42,360 |
Operating profit | 45 | (2,463) | (682) |
Net provisions for contingencies | (137) | (118) | (276) |
Depreciation and amortization | (512) | (575) | (620) |
Impairments of tangible and intangible assets and right-of-use assets | (1,342) | (1,605) | (1,127) |
Reversals of tangible and intangible assets | 334 | 205 | |
Write-off of tangible and intangible assets | (2) | (6) | |
Share of profit (loss) from equity-accounted investments | (333) | (363) | (63) |
Assets | 13,326 | 10,716 | 13,569 |
Equity-accounted investments | 2,366 | 2,605 | 3,107 |
Liabilities | 6,796 | 5,460 | 6,272 |
Capital expenditure in tangible and intangible assets | 728 | 771 | 933 |
Refining & Marketing and Chemical | Elimination of intersegment amounts | |||
Reportable segments | |||
Sales from operations | (323) | (403) | (384) |
Plenitude & Power | |||
Reportable segments | |||
Sales from operations | 10,517 | 7,135 | 7,972 |
Plenitude & Power | Operating segments | |||
Reportable segments | |||
Sales from operations | 11,187 | 7,536 | 8,448 |
Operating profit | 2,355 | 660 | 74 |
Net provisions for contingencies | (1) | 2 | 5 |
Depreciation and amortization | (286) | (217) | (190) |
Impairments of tangible and intangible assets and right-of-use assets | (132) | (56) | (83) |
Reversals of tangible and intangible assets | 112 | 55 | 41 |
Write-off of tangible and intangible assets | (1) | (7) | (1) |
Share of profit (loss) from equity-accounted investments | 6 | 10 | |
Assets | 8,343 | 4,387 | 4,068 |
Equity-accounted investments | 667 | 217 | 141 |
Liabilities | 3,786 | 2,426 | 2,380 |
Capital expenditure in tangible and intangible assets | 443 | 293 | 357 |
Plenitude & Power | Elimination of intersegment amounts | |||
Reportable segments | |||
Sales from operations | (670) | (401) | (476) |
Corporate and Other activities | |||
Reportable segments | |||
Sales from operations | 188 | 194 | 204 |
Corporate and Other activities | Operating segments | |||
Reportable segments | |||
Sales from operations | 1,698 | 1,559 | 1,676 |
Operating profit | (816) | (563) | (688) |
Net provisions for contingencies | (186) | (26) | (307) |
Depreciation and amortization | (148) | (146) | (144) |
Impairments of tangible and intangible assets and right-of-use assets | (27) | (22) | (13) |
Reversals of tangible and intangible assets | 4 | 1 | 1 |
Write-off of tangible and intangible assets | (1) | ||
Share of profit (loss) from equity-accounted investments | (766) | (381) | (21) |
Assets | 1,439 | 1,444 | 1,643 |
Equity-accounted investments | 198 | 988 | 1,333 |
Liabilities | 3,338 | 3,316 | 3,890 |
Capital expenditure in tangible and intangible assets | 187 | 107 | 89 |
Corporate and Other activities | Elimination of intersegment amounts | |||
Reportable segments | |||
Sales from operations | € (1,510) | € (1,365) | € (1,472) |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Geographical areas | |||
Assets | € 137,765 | € 109,648 | |
Capital expenditure in tangible and intangible assets | 5,234 | 4,644 | € 8,360 |
Italy | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,333 | 1,198 | 1,402 |
Other European Union | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 199 | 152 | 306 |
Rest of Europe | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 202 | 119 | 9 |
Americas | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 659 | 441 | 1,017 |
Asia | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,203 | 1,267 | 1,685 |
Africa | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,604 | 1,443 | 3,886 |
Other areas | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 34 | 24 | 55 |
Allocated amounts | |||
Geographical areas | |||
Assets | 94,292 | 79,604 | 91,795 |
Allocated amounts | Italy | |||
Geographical areas | |||
Assets | 23,718 | 17,228 | 19,346 |
Allocated amounts | Other European Union | |||
Geographical areas | |||
Assets | 6,902 | 4,159 | 7,237 |
Allocated amounts | Rest of Europe | |||
Geographical areas | |||
Assets | 6,114 | 3,174 | 1,151 |
Allocated amounts | Americas | |||
Geographical areas | |||
Assets | 5,718 | 4,485 | 5,230 |
Allocated amounts | Asia | |||
Geographical areas | |||
Assets | 17,483 | 16,360 | 17,898 |
Allocated amounts | Africa | |||
Geographical areas | |||
Assets | 33,499 | 33,341 | 40,021 |
Allocated amounts | Other areas | |||
Geographical areas | |||
Assets | € 858 | € 857 | € 912 |
Segment information and infor_5
Segment information and information by geographical area - Revenue (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Geographical areas | |||
Sales from operations | € 76,575 | € 43,987 | € 69,881 |
Italy | |||
Geographical areas | |||
Sales from operations | 29,968 | 14,717 | 23,312 |
Other European Union | |||
Geographical areas | |||
Sales from operations | 14,671 | 9,508 | 18,567 |
Rest of Europe | |||
Geographical areas | |||
Sales from operations | 12,470 | 8,191 | 6,931 |
Americas | |||
Geographical areas | |||
Sales from operations | 4,420 | 2,426 | 3,842 |
Asia | |||
Geographical areas | |||
Sales from operations | 7,891 | 4,182 | 8,102 |
Africa | |||
Geographical areas | |||
Sales from operations | 7,040 | 4,842 | 8,998 |
Other areas | |||
Geographical areas | |||
Sales from operations | € 115 | € 121 | € 129 |
Transactions with related par_3
Transactions with related parties (Details) - Transactions and balances - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Transactions With Related Parties | |||
Receivables and other assets | € 1,822 | € 1,021 | € 1,104 |
Payables and other liabilities | 3,052 | 2,575 | 2,841 |
Guarantees | 2,135 | 2,443 | 2,596 |
Revenues | 3,052 | 1,199 | 1,252 |
Costs | 8,671 | 6,637 | 9,173 |
Other operating (expense) income | 735 | 13 | 19 |
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 | 536 | 533 | 485 |
Payables and other liabilities | 2,066 | 1,818 | 2,009 |
Guarantees | 2,135 | 2,443 | 2,596 |
Revenues | 380 | 321 | 305 |
Costs | 4,819 | 3,448 | 5,466 |
Other operating (expense) income | (409) | (121) | (1) |
Joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and other assets | 402 | 416 | 379 |
Payables and other liabilities | 2,060 | 1,794 | 1,983 |
Guarantees | 1,945 | 2,267 | 2,399 |
Revenues | 359 | 306 | 285 |
Costs | 4,809 | 3,439 | 5,448 |
Other operating (expense) income | (409) | (121) | (1) |
Agiba Petroleum Co | |||
Transactions With Related Parties | |||
Receivables and other assets | 13 | 6 | 3 |
Payables and other liabilities | 57 | 52 | 71 |
Costs | 189 | 201 | 229 |
Angola LNG Ltd | |||
Transactions With Related Parties | |||
Costs | 73 | ||
Angola LNG Supply Services Llc | |||
Transactions With Related Parties | |||
Guarantees | 179 | 165 | 181 |
Coral FLNG SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 17 | 6 | 15 |
Guarantees | 1,260 | 1,079 | 1,168 |
Revenues | 43 | 49 | 71 |
Gas Distribution Company of Thessaloniki Thessaly SA | |||
Transactions With Related Parties | |||
Payables and other liabilities | 13 | 13 | |
Costs | 52 | 53 | |
Saipem Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 4 | 87 | 75 |
Payables and other liabilities | 134 | 254 | 227 |
Guarantees | 9 | 509 | 510 |
Revenues | 28 | 18 | 27 |
Costs | 174 | 350 | 503 |
Karachaganak Petroleum Operating BV | |||
Transactions With Related Parties | |||
Receivables and other assets | 24 | 25 | 33 |
Payables and other liabilities | 213 | 141 | 198 |
Revenues | 1 | ||
Costs | 989 | 816 | 1,134 |
Mellitah Oil & Gas BV | |||
Transactions With Related Parties | |||
Receivables and other assets | 65 | 54 | 57 |
Payables and other liabilities | 290 | 250 | 171 |
Revenues | 3 | 2 | 3 |
Costs | 263 | 156 | 365 |
Petrobel Belayim Petroleum Co | |||
Transactions With Related Parties | |||
Receivables and other assets | 24 | 65 | 50 |
Payables and other liabilities | 391 | 467 | 1,130 |
Revenues | 2 | 7 | |
Costs | 651 | 556 | 1,590 |
Societe Centrale Electrique du Congo SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 50 | 48 | |
Revenues | 66 | 57 | |
Societa Oleodotti Meridionali SpA | |||
Transactions With Related Parties | |||
Receivables and other assets | 6 | 3 | |
Payables and other liabilities | 396 | 399 | |
Revenues | 18 | 20 | |
Costs | 12 | 15 | |
Union Fenosa Gas SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 11 | 8 | |
Payables and other liabilities | 4 | 1 | |
Guarantees | 57 | 57 | |
Revenues | 9 | 1 | |
Costs | 6 | ||
Other operating (expense) income | (3) | 63 | |
Var Energi AS | |||
Transactions With Related Parties | |||
Receivables and other assets | 62 | 39 | 32 |
Payables and other liabilities | 526 | 190 | 143 |
Guarantees | 495 | 456 | 482 |
Revenues | 104 | 85 | 63 |
Costs | 2,224 | 1,126 | 1,481 |
Other operating (expense) income | (409) | (118) | (64) |
Other joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and other assets | 137 | 72 | 106 |
Payables and other liabilities | 53 | 24 | 29 |
Guarantees | 2 | 1 | 1 |
Revenues | 95 | 66 | 112 |
Costs | 234 | 167 | 87 |
Investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and other assets | 134 | 117 | 106 |
Payables and other liabilities | 6 | 24 | 26 |
Guarantees | 190 | 176 | 197 |
Revenues | 21 | 15 | 20 |
Costs | 10 | 9 | 18 |
Eni BTC Ltd | |||
Transactions With Related Parties | |||
Guarantees | 179 | 165 | 180 |
Industria Siciliana Acido Fosforico ISAF SPA | |||
Transactions With Related Parties | |||
Receivables and other assets | 124 | 112 | 101 |
Payables and other liabilities | 1 | 1 | 1 |
Guarantees | 1 | 1 | 3 |
Revenues | 13 | 11 | 14 |
Other unconsolidated subsidiaries | |||
Transactions With Related Parties | |||
Receivables and other assets | 10 | 5 | 5 |
Payables and other liabilities | 5 | 23 | 25 |
Guarantees | 11 | 10 | 14 |
Revenues | 8 | 4 | 6 |
Costs | 10 | 9 | 18 |
Entities controlled by the Government | |||
Transactions With Related Parties | |||
Receivables and other assets | 1,116 | 400 | 542 |
Payables and other liabilities | 905 | 701 | 755 |
Revenues | 2,642 | 857 | 909 |
Costs | 3,597 | 2,874 | 3,213 |
Other operating (expense) income | 1,144 | 134 | 20 |
Enel Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 583 | 104 | 185 |
Payables and other liabilities | 461 | 165 | 284 |
Revenues | 41 | 51 | 105 |
Costs | 417 | 551 | 602 |
Other operating (expense) income | 373 | 86 | (8) |
Italgas Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 1 | 1 | 3 |
Payables and other liabilities | 49 | 177 | 154 |
Revenues | 3 | 3 | 1 |
Costs | 560 | 714 | 677 |
Snam Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 160 | 189 | 278 |
Payables and other liabilities | 152 | 211 | 229 |
Revenues | 159 | 45 | 71 |
Costs | 1,013 | 1,012 | 1,208 |
Other operating (expense) income | 1 | ||
Terna Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 51 | 46 | 40 |
Payables and other liabilities | 85 | 62 | 45 |
Revenues | 203 | 152 | 171 |
Costs | 309 | 225 | 223 |
Other operating (expense) income | 4 | 8 | 17 |
GSE - Gestore Servizi Energetic | |||
Transactions With Related Parties | |||
Receivables and other assets | 311 | 52 | 26 |
Payables and other liabilities | 125 | 37 | 24 |
Revenues | 2,216 | 586 | 549 |
Costs | 1,238 | 309 | 468 |
Other operating (expense) income | 766 | 40 | 11 |
Other entities controlled by government | |||
Transactions With Related Parties | |||
Receivables and other assets | 10 | 8 | 10 |
Payables and other liabilities | 33 | 49 | 19 |
Revenues | 20 | 20 | 12 |
Costs | 60 | 63 | 35 |
Other related parties | |||
Transactions With Related Parties | |||
Receivables and other assets | 1 | 2 | |
Payables and other liabilities | 2 | 4 | 3 |
Revenues | 2 | 5 | |
Costs | 33 | 53 | 37 |
Pension funds | |||
Transactions With Related Parties | |||
Costs | 25 | ||
Fondazione Eni Enrico Mattei | |||
Transactions With Related Parties | |||
Costs | 5 | ||
Eni Foundation | |||
Transactions With Related Parties | |||
Costs | 3 | ||
Groupement Sonatrach Agip and Organe Conjoint des Operations | |||
Transactions With Related Parties | |||
Receivables and other assets | 170 | 87 | 75 |
Payables and other liabilities | 79 | 52 | 74 |
Revenues | 30 | 19 | 33 |
Costs | € 222 | € 262 | € 457 |
Transactions with related par_4
Transactions with related parties - Financing transactions with related parties (Details) - Financing transactions - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Transactions With Related Parties | |||
Receivables | € 1,700 | € 807 | € 971 |
Payables | 277 | 218 | 59 |
Guarantees | 1,413 | 1,533 | 1,676 |
Gains | 79 | 114 | 96 |
Charges | 46 | 26 | 36 |
Joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables | 1,660 | 771 | 919 |
Payables | 117 | 179 | 19 |
Guarantees | 1,413 | 1,533 | 1,676 |
Gains | 78 | 113 | 95 |
Charges | 44 | 25 | 36 |
Angola LNG Ltd | |||
Transactions With Related Parties | |||
Guarantees | 228 | 249 | |
Cardon IV SA | |||
Transactions With Related Parties | |||
Receivables | 199 | 383 | 563 |
Payables | 2 | 5 | |
Gains | 37 | 57 | 77 |
Coral FLNG SA | |||
Transactions With Related Parties | |||
Receivables | 383 | 288 | 253 |
Gains | 4 | 22 | |
Charges | 1 | 1 | 2 |
Coral South FLNG DMCC | |||
Transactions With Related Parties | |||
Guarantees | 1,413 | 1,304 | 1,425 |
Gains | 2 | ||
Saipem Group | |||
Transactions With Related Parties | |||
Receivables | 2 | ||
Payables | 167 | ||
Charges | 6 | ||
Mozambique Rovuma Venture SpA | |||
Transactions With Related Parties | |||
Receivables | 1,008 | ||
Payables | 72 | ||
Societe Centrale Electrique du Congo SA | |||
Transactions With Related Parties | |||
Receivables | 83 | 85 | |
Gains | 7 | ||
Charges | 20 | ||
Other joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables | 70 | 15 | 18 |
Payables | 43 | 12 | 14 |
Guarantees | 1 | 2 | |
Gains | 35 | 27 | 18 |
Charges | 43 | 18 | 14 |
Investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables | 38 | 36 | 48 |
Payables | 34 | 28 | 28 |
Gains | 1 | 1 | 1 |
Charges | 1 | ||
Other unconsolidated subsidiaries | |||
Transactions With Related Parties | |||
Receivables | 38 | 36 | 48 |
Payables | 34 | 28 | 28 |
Gains | 1 | 1 | 1 |
Charges | 1 | ||
Entities controlled by the Government | |||
Transactions With Related Parties | |||
Receivables | 2 | 4 | |
Payables | 126 | 11 | 12 |
Charges | 1 | 1 | |
Enel Group | |||
Transactions With Related Parties | |||
Payables | 109 | ||
Other entities controlled by government | |||
Transactions With Related Parties | |||
Receivables | 2 | 4 | |
Payables | 17 | 11 | € 12 |
Charges | € 1 | € 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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Transactions With Related Parties | |||
Other current financial assets | € 4,308 | € 254 | |
Trade and other receivables | 18,850 | 10,926 | |
Other current assets | 13,634 | 2,686 | |
Other non-current financial assets | 1,885 | 1,008 | |
Other non-current assets | 1,029 | 1,253 | |
Short-term debt | 2,299 | 2,882 | |
Current portion of long-term debt | 1,781 | 1,909 | |
Current portion of non-current lease liabilities | 948 | 849 | |
Trade and other payables | 21,720 | 12,936 | |
Other current liabilities | 15,756 | 4,872 | |
Long-term debt | 23,714 | 21,895 | |
Non-current lease liabilities | 4,389 | 4,169 | |
Other non-current liabilities | € 2,246 | € 1,877 | |
Other current financial assets, Percentage | 1.28% | 16.14% | |
Trade and other receivables, Percentage | 6.90% | 7.34% | |
Other current assets, Percentage | 3.61% | 5.40% | |
Other non-current financial assets, Percentage | 87.27% | 75.99% | |
Other non-current assets, Percentage | 2.82% | 5.91% | |
Short-term debt, Percentage | 10.13% | 1.80% | |
Current portion of long-term debt, Percentage | 1.18% | ||
Current portion of Non-current lease liabilities, Percentage | 1.79% | 6.36% | |
Trade and other payables, Percentage | 10.58% | 16.23% | |
Other current liabilities, Percentage | 2.15% | 9.28% | |
Long-term debt, Percentage | 0.02% | ||
Non-current lease liabilities, Percentage | 0.02% | 2.69% | |
Other non-current liabilities, Percentage | 18.48% | 1.23% | |
Sales from operations | € 76,575 | € 43,987 | € 69,881 |
Other income and revenues | 1,196 | 960 | 1,160 |
Purchases, services and other | (55,549) | (33,551) | (50,874) |
Net (impairments) reversals of trade and other receivables | (279) | (226) | (432) |
Payroll and related costs | (2,888) | (2,863) | (2,996) |
Other operating income (expense) | 903 | (766) | 287 |
Finance income | 3,723 | 3,531 | 3,087 |
Finance expense | € (4,216) | € (4,958) | € (4,079) |
Sales from operations, Percentage | 3.92% | 2.65% | 1.79% |
Other income and revenues, Percentage | 4.35% | 3.65% | 0.34% |
Purchases, services and other, Percentage | 15.56% | 19.66% | 18.03% |
Net (impairment losses) reversals of trade and other receivables, Percentage | 2.15% | 2.65% | |
Payroll and related costs, Percentage | 0.73% | 1.26% | 0.93% |
Other operating (expense) income, Percentage | 81.40% | 6.62% | |
Financial income, Percentage | 2.12% | 3.23% | 3.11% |
Financial expense, Percentage | 1.09% | 0.52% | 0.88% |
Net cash provided from operating activities | € 12,861 | € 4,822 | € 12,392 |
Net cash used in investing activities | (12,022) | (4,587) | (11,413) |
Net cash used in financing activities | € (2,039) | € 3,253 | € (5,841) |
Net cash used in investing activities, Percentage | 8.12% | 29.91% | 25.51% |
Net cash used in financing activities, Percentage | 0.64% | 5.04% | 13.99% |
Related parties | |||
Transactions With Related Parties | |||
Other current financial assets | € 55 | € 41 | |
Trade and other receivables | 1,301 | 802 | |
Other current assets | 492 | 145 | |
Other non-current financial assets | 1,645 | 766 | |
Other non-current assets | 29 | 74 | |
Short-term debt | 233 | 52 | |
Current portion of long-term debt | 21 | ||
Current portion of non-current lease liabilities | 17 | 54 | |
Trade and other payables | 2,298 | 2,100 | |
Other current liabilities | 339 | 452 | |
Long-term debt | 5 | ||
Non-current lease liabilities | 1 | 112 | |
Other non-current liabilities | 415 | 23 | |
Sales from operations | 3,000 | 1,164 | € 1,248 |
Other income and revenues | 52 | 35 | 4 |
Purchases, services and other | (8,644) | (6,595) | (9,173) |
Net (impairments) reversals of trade and other receivables | (6) | (6) | 28 |
Payroll and related costs | (21) | (36) | (28) |
Other operating income (expense) | 735 | 13 | 19 |
Finance income | 79 | 114 | 96 |
Finance expense | (46) | (26) | (36) |
Revenue and other income cash flow | 3,052 | 1,199 | 1,252 |
Costs and other expenses cash flow | (7,814) | (5,789) | (6,869) |
Other operating (expense) income cash flow | 735 | 13 | 19 |
Net change in trade and other receivables and payables | (342) | (136) | (839) |
Net interests cash flow | 38 | 73 | 81 |
Net cash provided from operating activities | (4,331) | (4,640) | (6,356) |
Capital expenditure in tangible and intangible assets | (851) | (842) | (2,332) |
Net change in accounts payable and receivable in relation to investments | (20) | (370) | (339) |
Change in financial receivables | (105) | (160) | (241) |
Net cash used in investing activities | (976) | (1,372) | (2,912) |
Change in financial and lease liabilities | (13) | 164 | (817) |
Net cash used in financing activities | (13) | 164 | (817) |
Total financial flows to related parties | € (5,320) | € (5,848) | € (10,085) |
Other information about inves_3
Other information about investments - Parent company (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
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 | 25.96% | |
ENI SpA | Ministero dell Economia e delle Finanze | ||
Parent | ||
Percentage of interest held in reporting entity | 4.37% | |
ENI SpA | ENI SpA | ||
Parent | ||
Percentage of interest held in reporting entity | 1.83% | |
ENI SpA | Other Shareholders | ||
Parent | ||
Percentage of interest held in reporting entity | 67.84% |
Other information about inves_4
Other information about investments - Subsidiaries - Exploration & Production (Details) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021NGN (₦) | Dec. 31, 2021GBP (£) | Dec. 31, 2021ARS ($) | Dec. 31, 2021BRL (R$) | Dec. 31, 2021XAF | Dec. 31, 2021GHS (GH₵) | Dec. 31, 2021AUD ($) | Dec. 31, 2021MXN ($) | Dec. 31, 2021EGP (ج.م.) | Dec. 31, 2021CDF (CF) | Dec. 31, 2021UAH (₴) | Dec. 31, 2021DZD (دج) | Dec. 31, 2021CAD ($) | Dec. 31, 2021RUB (₽) | Dec. 31, 2020EUR (€) | |
Subsidiaries | |||||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||||||||
ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||||||||||||
Exploration & Production | Italy | Subsidiaries One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Angola SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Angola | ||||||||||||||||
Share capital | 20,200,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries One [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mediterranea Idrocarburi SpA | ||||||||||||||||
Registered office | Gela (CL) | ||||||||||||||||
Country of operation | Italy | ||||||||||||||||
Share capital | 5,200,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Two [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mozambico SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | 200,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Three [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Four [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Five [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Six [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Seven [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Ieoc SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 7,518,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 8,034,400 | ||||||||||||||||
% 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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ten [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 95.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 5.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy (Bermuda) Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | $ 12,002 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fourteen [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 Fourteen [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy Congo Ltd | ||||||||||||||||
Registered office | Tortola (British Virgin Islands) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | $ 50,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Burren En.(Berm) Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy India Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 2 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy Plc | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 28,819,023 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Eni UK Holding Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Shakti Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | $ 213,138 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Burren En. India Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Abu Dhabi BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni AEP Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Pakistan | ||||||||||||||||
Share capital | £ | 471,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni UHL Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Angola Exploration BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Angola | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Angola Production BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Angola | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 95.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 5.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Arguni I Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Australia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Australia Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | £ | 20,000,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Bahrain BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Bahrain | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni BB Petroleum Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Five [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 Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Bukat Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Canada Holding Ltd | ||||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||||
Country of operation | Canada | ||||||||||||||||
Share capital | $ | $ 3,938,200,001 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Eight [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 Eight [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni China BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | China | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Congo SA | ||||||||||||||||
Registered office | Pointe - Noire (Republic of the Congo) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | $ 17,000,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty [Member] | Eni E&P Holding BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Côte d’Ivoire Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Ivory Coast | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Cyprus Ltd | ||||||||||||||||
Registered office | Nicosia (Cyprus) | ||||||||||||||||
Country of operation | Cyprus | ||||||||||||||||
Share capital | 2,008 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Denmark BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Greenland | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Four [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$ 1593415000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni East Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni East Sepinggan Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Elgin/Franklin Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 100 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Energy Russia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Gabon SA | ||||||||||||||||
Registered office | Libreville (Gabon) | ||||||||||||||||
Country of operation | Gabon | ||||||||||||||||
Share capital | XAF | XAF 4,000,000,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 2 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Three [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Four [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Hewett Ltd | ||||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 3,036,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Six [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 Six [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni India Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | India | ||||||||||||||||
Share capital | £ | 44,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Indonesia Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 100 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Indonesia Ots 1 Ltd | ||||||||||||||||
Registered office | Grand Cayman (Cayman Islands) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | $ 1.01 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni International NA NV Sàrl | ||||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | $ 25,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Investments Plc | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 750,050,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Two [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 Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Iraq BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Iraq | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ireland BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Ireland | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Isatay BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni JPDA 03‑13 Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | £ | 250,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Seven [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni JPDA 11‑106 BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | 50,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Kenya BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kenya | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Krueng Mane Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 2 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Eni Investments Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Lebanon BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Lebanon | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Marketing Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Maroc BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Morocco | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Middle East Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Eni ULT Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni MOG Ltd (in liquidation) | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 0 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Montenegro BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Republic of Montenegro | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mozambique Engineering Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mozambique LNG Holding BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Muara Bakau BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Myanmar BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Myanmar | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [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 Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.98% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Ieoc Exploration BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Ieoc Production BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni North Africa BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Libya | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni North Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oil & Gas Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | $ 100,800 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | Eni America Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oil Algeria Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | £ | 1,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oil Holdings BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 450,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oman BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Oman | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Pakistan Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Pakistan | ||||||||||||||||
Share capital | £ | 90,087 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Pakistan (M) Ltd Sàrl | ||||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | Pakistan | ||||||||||||||||
Share capital | $ | $ 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | Eni BB Petroleum Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Qatar BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni RAK BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | Eni Mozambique LNG H. BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni TNS Ltd | ||||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 1,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Tunisia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Tunisia | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Turkmenistan Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | Turkmenistan | ||||||||||||||||
Share capital | $ | $ 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | Burren En.(Berm) Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UHL Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | Eni ULT Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nine [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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UK Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 50,000,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UKCS Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 100 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twelve [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 Twelve [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirteen [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 Thirteen [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirteen [Member] | Eni Ukraine Hold.BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ukraine Shallow Waters BV (in liquidation) | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Ukraine | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | Eni Ukraine Hold.BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fifteen [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Sixteen [Member] | Eni ULT Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seventeen [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eighteen [Member] | Eni Marketing Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nineteen [Member] | Eni Oil & Gas Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty [Member] | Eni Venezuela E&P Holding | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
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 | 100.00% | ||||||||||||||||
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 Ventures Plc (in liquidation) | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | 0 | ||||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Vietnam BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Vietnam | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni West Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Four [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni West Timor Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Six [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 Six [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eurl Eni Algérie | ||||||||||||||||
Registered office | Algiers (Algeria) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | دج | دج 1,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | Eni Algeria Ltd Sarl | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | First Calgary Petroleums LP | ||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | $ | $ 1 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | Eni Canada Hold. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | FCP Partner Co ULC | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | First Calgary Petroleums Partner Co ULC | ||||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||||
Country of operation | Canada | ||||||||||||||||
Share capital | $ | $ 10 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | Eni Canada Hold. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty [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 Thirty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Ieoc Production BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | € 20,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | “Lasmo Sanga Sanga Ltd” | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | $ 12,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Two [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Liverpool Bay 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 Hundred Thirty Three [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Liverpool Bay 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 Hundred Thirty Four [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Five [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 Five [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Five [Member] | Eni Energy Russia BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Six [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 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
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] | Eni US Op. Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Seven [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 Seven [Member] | NAOC Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 98.02% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Seven [Member] | Agip En Nat Res. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Seven [Member] | Nigerian Agip E. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Nigerian Agip Exploration Ltd | ||||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||||
Country of operation | Nigeria | ||||||||||||||||
Share capital | ₦ | 5,000,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Eight [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Nigerian Agip Oil Co Ltd | ||||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||||
Country of operation | Nigeria | ||||||||||||||||
Share capital | ₦ | ₦ 1,800,000 | ||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.89% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty Nine [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.11% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty [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 Forty [Member] | Eni Congo SA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty [Member] | Burren En.Congo Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty One [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 One [Member] | Eni Congo SA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 54.50% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty One [Member] | Burren En.Congo Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 37.00% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Forty One [Member] | Third parties | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 8.50% |
Other information about inves_5
Other information about investments - Subsidiaries - Global Gas & LNG Portfolio (Details) | 12 Months Ended | ||
Dec. 31, 2021EUR (€) | Dec. 31, 2021TND (د.ت) | Dec. 31, 2020EUR (€) | |
Subsidiaries | |||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |
ENI SpA | |||
Subsidiaries | |||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |
Global Gas & LNG Portfolio | Italy | Subsidiaries One [Member] | |||
Subsidiaries | |||
Company name | Eni Corridor Srl | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 50,000 | ||
Consolidation or valuation method | Eq. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries One [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Two [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 Two [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Three [Member] | |||
Subsidiaries | |||
Company name | Eni Global Energy Markets SpA | ||
Registered office | Rome | ||
Country of operation | Italy | ||
Share capital | € 41,233,720 | ||
% Equity ratio | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Three [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Four [Member] | |||
Subsidiaries | |||
Company name | LNG Shipping SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 240,900,000 | ||
% Equity ratio | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Four [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Five [Member] | |||
Subsidiaries | |||
Company name | Trans Tunisian Pipeline Co SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Tunisia | ||
Share capital | € 1,098,000 | ||
% Equity ratio | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Five [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Six [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 | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Six [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Seven [Member] | |||
Subsidiaries | |||
Company name | Eni G&P Trading BV | ||
Registered office | Amsterdam (Netherlands) | ||
Country of operation | Turkey | ||
Share capital | € 70,000 | ||
% Equity ratio | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Seven [Member] | Eni International BV | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Eight [Member] | |||
Subsidiaries | |||
Company name | Eni Gas Liquefaction BV | ||
Registered office | Amsterdam (Netherlands) | ||
Country of operation | Netherlands | ||
Share capital | € 20,000 | ||
% Equity ratio | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Eight [Member] | Eni International BV | |||
Subsidiaries | |||
% Ownership | 100.00% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||
Subsidiaries | |||
Company name | Société de Service du Gazoduc Transtunisien SA - Sergaz SA | ||
Registered office | Tunis (Tunisia) | ||
Country of operation | Tunisia | ||
Share capital | د.ت | د.ت 99,000 | ||
% Equity ratio | 66.67% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Nine [Member] | Eni International BV | |||
Subsidiaries | |||
% Ownership | 66.67% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Nine [Member] | Third parties | |||
Subsidiaries | |||
% Ownership | 33.33% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||
Subsidiaries | |||
Company name | Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA | ||
Registered office | Tunis (Tunisia) | ||
Country of operation | Tunisia | ||
Share capital | د.ت | د.ت 200,000 | ||
% Equity ratio | 100.00% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 0.05% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | Eni International BV | |||
Subsidiaries | |||
% Ownership | 99.85% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | LNG Shipping SpA | |||
Subsidiaries | |||
% Ownership | 0.05% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | Trans Tunis P Co SpA | |||
Subsidiaries | |||
% Ownership | 0.05% |
Other information about inves_6
Other information about investments - Subsidiaries - Refining & Marketing and Chemical (Details) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2021BRL (R$) | Dec. 31, 2021XAF | Dec. 31, 2021GHS (GH₵) | Dec. 31, 2021MXN ($) | Dec. 31, 2021CAD ($) | Dec. 31, 2021RUB (₽) | Dec. 31, 2021CHF (SFr) | Dec. 31, 2021HKD ($) | Dec. 31, 2021HUF (Ft) | Dec. 31, 2021INR (₨) | Dec. 31, 2021RON | Dec. 31, 2021SGD ($) | Dec. 31, 2021VND (₫) | Dec. 31, 2021TRY (₺) | Dec. 31, 2021CNY (¥) | Dec. 31, 2020EUR (€) | |
Subsidiaries | |||||||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||||||||||
ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||||||||||||||
Refining & Marketing | 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 | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries One [Member] | ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Two [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Fuel SpA | ||||||||||||||||||
Registered office | Rome | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 59,944,310 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Two [Member] | ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Trade & Biofuels SpA | ||||||||||||||||||
Registered office | Rome | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 22,568,759 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Three [Member] | ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Four [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni4Cities SpA | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Four [Member] | Ecofuel SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Five [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Alexandria Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 70.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Five [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 70.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Five [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 30.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Six [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Annia Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Six [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Appia Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seven [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eight [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Aprilia Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eight [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nine [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Briona Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nine [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Ten [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Calandre Energia Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Ten [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eleven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Gardilliana Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eleven [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twelve [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Grupellum Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 100,000 | ||||||||||||||||||
% Equity ratio | 98.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twelve [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 98.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twelve [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 2.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Jonica Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirteen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fourteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Maddalena Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fourteen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fifteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Medea Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fifteen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Sixteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Momo Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 95.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Sixteen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 95.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Sixteen [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 5.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seventeen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Mortara Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 95.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seventeen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 95.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seventeen [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 5.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eighteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Pannellia BioGas Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eighteen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nineteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Plovera Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 98.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nineteen [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 98.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nineteen [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 2.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Quadruvium Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty One [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Rhodigium Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty One [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Two [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in San Benedetto Po Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Two [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Service BioGas Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 50,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Three [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Four [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Società Agricola Il Bue Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Four [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Five [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in SpA | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 2,500,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Five [Member] | Ecofuel SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Six [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Vigevano Srl Società Agricola | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 100,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Six [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Seven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | EniBioCh4in Villacidro Agricole Società Agricola Srl | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Seven [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Eight [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Petroven Srl | ||||||||||||||||||
Registered office | Genova | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 918,520 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Eight [Member] | Ecofuel SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Nine [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Po' Energia Srl Società Agricola | ||||||||||||||||||
Registered office | Bolzano | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 10,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twenty Nine [Member] | EniBioCh4in SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Raffineria di Gela SpA | ||||||||||||||||||
Registered office | Gela (CL) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 15,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty [Member] | ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty One [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | SeaPad SpA | ||||||||||||||||||
Registered office | Genova | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 12,400,000 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty One [Member] | Ecofuel SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 80.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty One [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 20.00% | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty Two [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Servizi Fondo Bombole Metano SpA | ||||||||||||||||||
Registered office | Rome | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 13,580,000.20 | ||||||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirty Two [Member] | ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Abu Dhabi Refining & Trading BV | ||||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||||
Share capital | 20,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Four [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. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Abu Dhabi R&T BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Austria GmbH | ||||||||||||||||||
Registered office | Wien (Austria) | ||||||||||||||||||
Country of operation | Austria | ||||||||||||||||||
Share capital | 78,500,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni Deutsch.GmbH | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Benelux BV | ||||||||||||||||||
Registered office | Rotterdam (Netherlands) | ||||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||||
Share capital | 1,934,040 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Deutschland GmbH | ||||||||||||||||||
Registered office | Munich (Germany) | ||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||
Share capital | 90,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 89.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni Oil Holdings BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 11.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Ecuador SA | ||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||
Share capital | $ | $ 103,142.08 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.93% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Esain SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 0.07% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Energy (Shanghai) Co Ltd (former Eni Lubricants Trading (Shanghai) Co Ltd) | ||||||||||||||||||
Registered office | Shanghai (China) | ||||||||||||||||||
Country of operation | China | ||||||||||||||||||
Share capital | 5,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni France Sàrl | ||||||||||||||||||
Registered office | Lyon (France) | ||||||||||||||||||
Country of operation | France | ||||||||||||||||||
Share capital | 56,800,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty One [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Iberia SLU | ||||||||||||||||||
Registered office | Alcobendas (Spain) | ||||||||||||||||||
Country of operation | Spain | ||||||||||||||||||
Share capital | 17,299,100 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Marketing Austria GmbH | ||||||||||||||||||
Registered office | Wien (Austria) | ||||||||||||||||||
Country of operation | Austria | ||||||||||||||||||
Share capital | 19,621,665.23 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Eni Mineralolh.GmbH | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Mineralölhandel GmbH | ||||||||||||||||||
Registered office | Wien (Austria) | ||||||||||||||||||
Country of operation | Austria | ||||||||||||||||||
Share capital | 34,156,232.06 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni Austria GmbH | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Schmiertechnik GmbH | ||||||||||||||||||
Registered office | Wurzburg (Germany) | ||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||
Share capital | 2,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni Deutsch.GmbH | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Suisse SA | ||||||||||||||||||
Registered office | Lausanne (Switzerland) | ||||||||||||||||||
Country of operation | Switzerland | ||||||||||||||||||
Share capital | SFr | SFr 102,500,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Eni Trading & Shipping Inc | ||||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||||
Country of operation | USA | ||||||||||||||||||
Share capital | $ | $ 1,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | ET&B SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Seven [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 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Eni Oil Holdings BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Eight [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. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Esacontrol SA | ||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||
Share capital | $ | $ 60,000 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Eni Ecuador SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 87.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 13.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Esain SA | ||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||
Share capital | $ | $ 30,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Eni Ecuador SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Llc “Eni-Nefto” | ||||||||||||||||||
Registered office | Moscow (Russia) | ||||||||||||||||||
Country of operation | Russia | ||||||||||||||||||
Share capital | ₽ | ₽ 1,010,000 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.01% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni Oil Holdings BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 0.99% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty Two [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. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Eni International BV | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Tecnoesa SA | ||||||||||||||||||
Registered office | Quito (Ecuador) | ||||||||||||||||||
Country of operation | Ecuador | ||||||||||||||||||
Share capital | $ | $ 36,000 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Eni Ecuador SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||
Chemicals | Italy | Subsidiaries One [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis SpA | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 446,050,728.65 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Italy | Subsidiaries One [Member] | ENI SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Italy | Subsidiaries Two [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject SpA | ||||||||||||||||||
Registered office | Morrovalle (MC) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 18,500,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Italy | Subsidiaries Two [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Italy | Subsidiaries Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Padanaplast Srl | ||||||||||||||||||
Registered office | Roccabianca (PR) | ||||||||||||||||||
Country of operation | Italy | ||||||||||||||||||
Share capital | 18,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Italy | Subsidiaries Three [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Four [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Asian Compounds Ltd | ||||||||||||||||||
Registered office | Hong Kong (Hong Kong) | ||||||||||||||||||
Country of operation | Honk Kong | ||||||||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Four [Member] | Finproject Asia Ltd | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság | ||||||||||||||||||
Registered office | Budapest (Hungary) | ||||||||||||||||||
Country of operation | Hungary | ||||||||||||||||||
Share capital | Ft | Ft 1,577,971.20 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Five [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 96.34% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Five [Member] | Versalis Deutsc GmbH | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 1.83% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Five [Member] | Versalis Intern. SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 1.83% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Six [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject Asia Ltd | ||||||||||||||||||
Registered office | Hong Kong (Honk Kong) | ||||||||||||||||||
Country of operation | Honk Kong | ||||||||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Six [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject Brasil Industria De Solados Eireli | ||||||||||||||||||
Registered office | Franca (Brazil) | ||||||||||||||||||
Country of operation | Brazil | ||||||||||||||||||
Share capital | R$ | R$ 1000000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seven [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eight [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject Guangzhou Trading Co Ltd | ||||||||||||||||||
Registered office | Guangzhou (China) | ||||||||||||||||||
Country of operation | China | ||||||||||||||||||
Share capital | $ | $ 180,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eight [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject India Pvt Ltd | ||||||||||||||||||
Registered office | Jaipur (India) | ||||||||||||||||||
Country of operation | India | ||||||||||||||||||
Share capital | ₨ | ₨ 100,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Nine [Member] | Finproject Asia Ltd | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 1.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Nine [Member] | Asian Compounds Ltd | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject Romania Srl | ||||||||||||||||||
Registered office | Valea Lui Mihai (Romania) | ||||||||||||||||||
Country of operation | Romania | ||||||||||||||||||
Share capital | RON | RON 67,730 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Ten [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eleven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject Singapore Pte Ltd | ||||||||||||||||||
Registered office | Singapore (Singapore) | ||||||||||||||||||
Country of operation | Singapore | ||||||||||||||||||
Share capital | $ | $ 100 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Finproject Asia Ltd | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twelve [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Finproject Viet Nam Company Limited | ||||||||||||||||||
Registered office | Hai Phong (Vietnam) | ||||||||||||||||||
Country of operation | Vietnam | ||||||||||||||||||
Share capital | ₫ | ₫ 19,623,250,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Finproject Asia Ltd | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Foam Creations (2008) Inc | ||||||||||||||||||
Registered office | Quebec City (Canada) | ||||||||||||||||||
Country of operation | Canada | ||||||||||||||||||
Share capital | $ | $ 1,215,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Foam Creations México SA de CV | ||||||||||||||||||
Registered office | León (Mexico) | ||||||||||||||||||
Country of operation | Mexico | ||||||||||||||||||
Share capital | $ | 19,138,165 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Foam Creations (2008) | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Padanaplast America Llc | ||||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||||
Country of operation | USA | ||||||||||||||||||
Share capital | $ | $ 70,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Finproject SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Padanaplast Deutschland GmbH | ||||||||||||||||||
Registered office | Hannover (Germany) | ||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||
Share capital | 25,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Padanaplast Srl | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Americas Inc | ||||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||||
Country of operation | USA | ||||||||||||||||||
Share capital | $ | $ 100,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Versalis Intern. SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty [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 | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Versalis Intern. SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Deutschland GmbH | ||||||||||||||||||
Registered office | Eschborn (Germany) | ||||||||||||||||||
Country of operation | Germany | ||||||||||||||||||
Share capital | 100,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis France SAS | ||||||||||||||||||
Registered office | Mardyck (France) | ||||||||||||||||||
Country of operation | France | ||||||||||||||||||
Share capital | 126,115,582.90 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis International SA | ||||||||||||||||||
Registered office | Bruxelles (Belgium) | ||||||||||||||||||
Country of operation | Belgium | ||||||||||||||||||
Share capital | € 15,449,173.88 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 59.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Versalis Deutsc GmbH | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 23.71% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Dunastyr Zrt | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 14.43% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Versalis France | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 2.86% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Kimya Ticaret Limited Sirketi | ||||||||||||||||||
Registered office | Istanbul (Turkey) | ||||||||||||||||||
Country of operation | Turkey | ||||||||||||||||||
Share capital | ₺ | ₺ 20,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Versalis Intern. SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis México S. de R.L. de CV | ||||||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||||||
Country of operation | Mexico | ||||||||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 1.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Versalis Intern. SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Pacific (India) Private Ltd | ||||||||||||||||||
Registered office | Mumbai (India) | ||||||||||||||||||
Country of operation | India | ||||||||||||||||||
Share capital | ₨ | ₨ 238,700 | ||||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Versalis Sing P Ltd | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Pacific Trading (Shanghai) Co Ltd | ||||||||||||||||||
Registered office | Shanghai (China) | ||||||||||||||||||
Country of operation | China | ||||||||||||||||||
Share capital | ¥ | ¥ 1,000,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Singapore Pte Ltd | ||||||||||||||||||
Registered office | Singapore (Singapore) | ||||||||||||||||||
Country of operation | Singapore | ||||||||||||||||||
Share capital | $ | $ 80,000 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis UK Ltd | ||||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||||
Share capital | £ | £ 4,004,042 | ||||||||||||||||||
% Equity ratio | 100.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Versalis SpA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
Company name | Versalis Zeal Ltd | ||||||||||||||||||
Registered office | Tokoradi (Ghana) | ||||||||||||||||||
Country of operation | Ghana | ||||||||||||||||||
Share capital | GH₵ | GH₵ 5,650,000 | ||||||||||||||||||
% Equity ratio | 80.00% | ||||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Versalis Intern. SA | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 80.00% | ||||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Third parties | |||||||||||||||||||
Subsidiaries | |||||||||||||||||||
% Ownership | 20.00% |
Other information about inves_7
Other information about investments - Subsidiaries - Plenitude & Power (Details) | 12 Months Ended | ||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2021AUD ($) | Dec. 31, 2021KZT (₸) | Dec. 31, 2021PKR (₨) | Dec. 31, 2020EUR (€) | |
Subsidiaries | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
ENI SpA | |||||||
Subsidiaries | |||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||
Plenitude | Italy | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | 4Energia Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 400,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries One [Member] | Be Power SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Charge Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 500,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Two [Member] | Be Power SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Charge Valle d'Aosta Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Three [Member] | Be Charge Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Power SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 698,251 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 99.19% | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 0.81% | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | CEF 3 Wind Energy SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 101,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | |||||||
Subsidiaries | |||||||
Company name | CGDB Enrico Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | CGDB Laerte Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seven [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni gas e luce SpA Società Benefit | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | 770,000,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eight [Member] | ENI SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Nine [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 | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Nine [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Lucana Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 100,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Ten [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Evolvere SpA Società Benefit | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 1,130,000 | ||||||
% Equity ratio | 70.52% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 70.52% | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 29.48% | ||||||
Plenitude | Italy | Subsidiaries Twelve [Member] | |||||||
Subsidiaries | |||||||
Company name | Evolvere Venture SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 50,000 | ||||||
% Equity ratio | 70.52% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twelve [Member] | Evolvere SpA Soc. Ben. | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Thirteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Finpower Wind Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirteen [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Fourteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Green Energy Management Services Srl | ||||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fourteen [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | |||||||
Subsidiaries | |||||||
Company name | SEA SpA | ||||||
Registered office | L'Aquila | ||||||
Country of operation | Italy | ||||||
Share capital | 100,000 | ||||||
% Equity ratio | 60.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 60.00% | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 40.00% | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Energie Rinnovabili 1 SpA | ||||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | 120,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | SER SpA | |||||||
Subsidiaries | |||||||
% Ownership | 96.00% | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | CEF 3 Wind Energy | |||||||
Subsidiaries | |||||||
% Ownership | 4.00% | ||||||
Plenitude | Italy | Subsidiaries Seventeen [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Energie Rinnovabili SpA | ||||||
Registered office | Palermo | ||||||
Country of operation | Italy | ||||||
Share capital | 121,636 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventeen [Member] | CEF 3 Wind Energy | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Italy | Subsidiaries Eighteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Park Laterza Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eighteen [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
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 | 51.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 51.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Aldro Energía y Soluciones SLU | ||||||
Registered office | Torrelavega (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,192,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Two [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Aleria Solar SAS | ||||||
Registered office | Bastia (France) | ||||||
Country of operation | France | ||||||
Share capital | 100 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Three [Member] | Dhamma Energy SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
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 | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Four [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Argon SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 180,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Five [Member] | Dhamma Energy SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Arm Wind Llp | ||||||
Registered office | Nur-Sultan (Kazakhstan) | ||||||
Country of operation | Kazakhstan | ||||||
Share capital | ₸ | ₸ 19,069,100,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Six [Member] | Eni Energy Solutions BV | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV1 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 68,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seven [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV2 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 40,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eight [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV3 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 36,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nine [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV4 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 14,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ten [Member] | Xenon SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV5 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 14,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Xenon SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twelve [Member] | |||||||
Subsidiaries | |||||||
Company name | Belle Magiocche Solaire SAS | ||||||
Registered office | Bastia (France) | ||||||
Country of operation | France | ||||||
Share capital | 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Dhamma Energy SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Bonete Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria Class B Member Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 1,000 | ||||||
Consolidation or valuation method | Eq. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria County Solar Project Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 1,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Eni New Energy US Hold | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria HoldCo Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 1,000 | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Brazoria Class B | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||
Subsidiaries | |||||||
Company name | Camelia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Celtis Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Desarrollos Empresariales Illas SL | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 55.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 55.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 45.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||
Subsidiaries | |||||||
Company name | Desarrollos Energéticos Riojanos SL | ||||||
Registered office | Villarcayo de Merindad de Castilla la Vieja (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 876,042 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 60.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Energias Amb. Outes | |||||||
Subsidiaries | |||||||
% Ownership | 40.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Dhamma Energy Development SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 51,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Dhamma Energy Group Sàrl | ||||||
Registered office | Dudelange (Luxembourg) | ||||||
Country of operation | Luxembourg | ||||||
Share capital | 10,253,560 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Dhamma Energy Management SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 6,680 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Dhamma Energy Rooftop SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 40,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Dhamma Energy SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 1,116,489.72 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Ecovent Parc Eolic SAU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 1,037,350 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Energias Ambientales de Outes SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 643,451.49 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Energias Alternativas Eolicas Riojanas SL | ||||||
Registered office | Logroño (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 2,008,901.71 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 57.50% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Des. En. Riojanos SL | |||||||
Subsidiaries | |||||||
% Ownership | 42.50% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Energy Solutions BV | ||||||
Registered office | Amsterdam (Netherlands) | ||||||
Country of operation | Netherlands | ||||||
Share capital | 20,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Gas & Power France SA | ||||||
Registered office | Levallois Perret (France) | ||||||
Country of operation | France | ||||||
Share capital | 29,937,600 | ||||||
% Equity ratio | 99.87% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 99.87% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 0.13% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Australia Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | $ 4 | ||||||
Consolidation or valuation method | Eq. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Batchelor Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | 1 | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni New Energ. Austr. | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Katherine Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | 1 | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni New Energ. Austr. | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Manton Dam Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | $ 1 | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni New Energ. Austr. | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Pakistan (Private) Ltd | ||||||
Registered office | Saddar Town-Karachi (Pakistan) | ||||||
Country of operation | Pakistan | ||||||
Share capital | ₨ | ₨ 1,252,000,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni International BV | |||||||
Subsidiaries | |||||||
% Ownership | 99.98% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni Oil Holdings BV | |||||||
Subsidiaries | |||||||
% Ownership | 0.01% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni Pakistan Ltd (M) | |||||||
Subsidiaries | |||||||
% Ownership | 0.01% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Holding Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 100 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 99.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni New Energy US Inv. Inc | |||||||
Subsidiaries | |||||||
% Ownership | 1.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Inc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 100 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Investing Inc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 1,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni North Sea Wind Ltd | ||||||
Registered office | London (United Kingdom) | ||||||
Country of operation | United Kingdom | ||||||
Share capital | £ | £ 10,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni Energy Solutions BV | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||
Subsidiaries | |||||||
Company name | Estanque Redondo Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty One [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 | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Holding Lanas Solar Sàrl | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 100 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Dhamma Energy SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Instalaciones Martínez Díez SLU | ||||||
Registered office | Torrelavega (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 18,030 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni gas e luce SpA SB | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Ixia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Krypton SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 180,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Dhamma Energy SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Lanas Solar SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 100 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Holding Lanas Solar | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Membrio Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Olea Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Opalo Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||
Subsidiaries | |||||||
Company name | Pistacia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||
Subsidiaries | |||||||
Company name | POP Solar SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 1,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Tebar Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Xenon SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | 1,500,100 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Dhamma Energy SAS | |||||||
Subsidiaries | |||||||
% Ownership | 0.01% | ||||||
% Equity ratio | 100.00% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 99.99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Zinnia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | 3,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Dhamma Energy Group | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% | ||||||
Power | Italy | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | EniPower Mantova SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | 144,000,000 | ||||||
% Equity ratio | 86.50% | ||||||
Consolidation or valuation method | F.C. | ||||||
Power | Italy | Subsidiaries One [Member] | EniPower SpA | |||||||
Subsidiaries | |||||||
% Ownership | 86.50% | ||||||
Power | Italy | Subsidiaries One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 13.50% | ||||||
Power | Italy | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | EniPower SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 944,947,849 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valuation method | F.C. | ||||||
Power | Italy | Subsidiaries Two [Member] | ENI SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100.00% |
Other information about inves_8
Other information about investments - Subsidiaries - Corporate and other activities (Details) | 12 Months Ended | |||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2021EGP (ج.م.) | Dec. 31, 2021CHF (SFr) | Dec. 31, 2020EUR (€) | |
Subsidiaries | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
ENI SpA | ||||||
Subsidiaries | ||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | ||||
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 | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries One [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Two [Member] | ||||||
Subsidiaries | ||||||
Company name | D-Service Media Srl (in liquidation) | |||||
Registered office | Milan | |||||
Country of operation | Italy | |||||
Share capital | 75,000 | |||||
Consolidation or valuation method | Eq. | |||||
Corporate and financial companies | Italy | Subsidiaries Two [Member] | D-Share SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Three [Member] | ||||||
Subsidiaries | ||||||
Company name | D-Share SpA | |||||
Registered office | Milan | |||||
Country of operation | Italy | |||||
Share capital | 121,719.25 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Three [Member] | AGI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Four [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 | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Four [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Five [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 Five [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Six [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Nuova Energia 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 Six [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Seven [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 Seven [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Eight [Member] | ||||||
Subsidiaries | ||||||
Company name | EniProgetti SpA | |||||
Registered office | Venezia Marghera (VE) | |||||
Country of operation | Italy | |||||
Share capital | 2,064,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Eight [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | ||||||
Subsidiaries | ||||||
Company name | EniServizi SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 13,427,419.08 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Ten [Member] | ||||||
Subsidiaries | ||||||
Company name | Serfactoring SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 5,160,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Ten [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Italy | Subsidiaries Eleven [Member] | ||||||
Subsidiaries | ||||||
Company name | Servizi Aerei SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 48,205,536 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Eleven [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | ||||||
Subsidiaries | ||||||
Company name | Banque Eni SA | |||||
Registered office | Bruxelles (Belgium) | |||||
Country of operation | Belgium | |||||
Share capital | 50,000,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 99.90% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni Oil Holdings BV | ||||||
Subsidiaries | ||||||
% Ownership | 0.10% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | ||||||
Subsidiaries | ||||||
Company name | D-Share USA Corp. | |||||
Registered office | New York (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 0 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | D-Share SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Finance International SA | |||||
Registered office | Bruxelles (Belgium) | |||||
Country of operation | Belgium | |||||
Share capital | $ | $ 1,480,365,336 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 33.61% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 66.39% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Finance USA Inc | |||||
Registered office | Dover (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 15,000,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Eni Petroleum Co Inc | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Insurance DAC | |||||
Registered office | Dublin (Ireland) | |||||
Country of operation | Ireland | |||||
Share capital | 500,000,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni International BV | |||||
Registered office | Amsterdam (Netherlands) | |||||
Country of operation | Netherlands | |||||
Share capital | 641,683,425 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni International Resources Ltd | |||||
Registered office | London (United Kingdom) | |||||
Country of operation | United Kingdom | |||||
Share capital | £ | £ 50,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99.99% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Next Llc | |||||
Registered office | Dover (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 100 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Eni Petroleum Co Inc | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twenty [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 Twenty [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 1.00% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twenty [Member] | EniProgetti SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99.00% | |||||
Other activities | Italy | Subsidiaries One [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Rewind SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 281,857,871.44 | |||||
% Equity ratio | 100.00% | |||||
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 | 52.00% | |||||
Other activities | Italy | Subsidiaries Two [Member] | Third parties | ||||||
Subsidiaries | ||||||
% Ownership | 48.00% | |||||
Other activities | Italy | Subsidiaries Three [Member] | ||||||
Subsidiaries | ||||||
Company name | Ing. Luigi Conti Vecchi SpA | |||||
Registered office | Assemini (CA) | |||||
Country of operation | Italy | |||||
Share capital | 5,518,620.64 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valuation method | F.C. | |||||
Other activities | Italy | Subsidiaries Three [Member] | Eni Rewind SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100.00% | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Four [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Rewind International BV | |||||
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 | 100.00% | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Five [Member] | ||||||
Subsidiaries | ||||||
Company name | Oleodotto del Reno SA | |||||
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 | 100.00% |
Other information about inves_9
Other information about investments - Joint arrangements and associates - Exploration & Production (Details) | 12 Months Ended | ||||||||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2021XAF | Dec. 31, 2021EGP (ج.م.) | Dec. 31, 2021TND (د.ت) | Dec. 31, 2021KZT (₸) | Dec. 31, 2021MZN (MT) | Dec. 31, 2021VEF | Dec. 31, 2021AED (د.إ) | Dec. 31, 2021KWD (د.ك) | Dec. 31, 2021NOK (kr) | Dec. 31, 2020EUR (€) | |
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 Energ. SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Two [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 Two [Member] | ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 35.71% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 64.29% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Three [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 Three [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Angola LNG Ltd | ||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | $ 8,817,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Eni Angola Prod BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 13.60% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 86.40% | ||||||||||||
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 | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [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 Six [Member] | Eni Energy Russia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Cabo Delgado Gas Development Limitada (†) | ||||||||||||
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 Seven [Member] | Eni Mozam.LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Cardón 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 Eight [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [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 Nine [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 26.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [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 Ten [Member] | Eni Mozam.LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [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 Eleven [Member] | Eni Mozam.LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [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 Twelve [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | East Kanayis 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 Thirteen [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [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 Fourteen [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [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 Fifteen [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | El-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 Sixteen [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Fedynskmorneftegaz 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 Seven teen [Member] | Eni Energy Russia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Isatay Operating Company Llp (†) | ||||||||||||
Registered office | Nur-Sultan (Kazakhstan) | ||||||||||||
Country of operation | Kazakhstan | ||||||||||||
Share capital | ₸ | ₸ 400,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Eni Isatay BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [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 Nine teen [Member] | Agip Karachag. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 29.25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 70.75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [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 Twenty [Member] | Eni Middle E Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 49.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 51.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty 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 Twenty one [Member] | Eni Oil & Gas Inc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 32.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 67.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty 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 Twenty two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty 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 Twenty three [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Mellitah 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 Twenty four [Member] | Eni North Africa BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty 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 Twenty five [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty 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 Twenty six [Member] | ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 14.20% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 85.80% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | North Bardawil Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 30.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 70.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty 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 Twenty eight [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [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 Twenty nine [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | PR FPSO Holding AS | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [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 Thirty [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 40.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 60.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [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 Thirty one [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 40.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 60.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [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 Thirty two [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 26.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [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 Thirty three [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Point Resources FPSO AS | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | kr 150,100,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | PR FPSO Holding AS | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Point Resources FPSO Holding AS | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | 60,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Var Energi AS | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [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 Thirty six [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PR Jotun DA | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | 0 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | PR FPSO Holding AS | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 5.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | PR FPSO AS | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 95.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Raml 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 | 22.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 77.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Ras Qattara 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 | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [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 [Member] | Eni Mozam.LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [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 one [Member] | Eni Mozam.LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [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 two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [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 Forty three [Member] | Eni Congo SA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 20.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 80.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [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 Forty four [Member] | Eni Tunisia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Sodeps - Société de Developpement et 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 Forty five [Member] | Eni Tunisia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Solenova Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | $ 1,580,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | Eni E&P Holding BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [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 Forty seven [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [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 Forty eight [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Vår Energi AS(†) | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | 399,425,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 69.85% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 30.15% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Vår Energi Marine AS | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | kr 61,000,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | Var Energi AS | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [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 one [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [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 two [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [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 three [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50.00% |
Other information about inve_10
Other information about investments - Joint arrangements and associates - Global Gas & LNG Portfolio (Details) | 12 Months Ended | ||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021TND (د.ت) | Dec. 31, 2021CHF (SFr) | Dec. 31, 2020EUR (€) | |
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 | Mariconsult SpA (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € | 120,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate Two [Member] | |||||
Joint arrangements and associates | |||||
Company name | Transmed SpA(†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € | 240,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate Two [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Angola LNG Supply Services Llc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 19,278,782 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Eni USA Gas M Llc | |||||
Joint arrangements and associates | |||||
% Ownership | 13.60% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 86.40% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [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 Four [Member] | Eni International BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [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 | 50.00% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Eni Gas Liquef. BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | |||||
Joint arrangements and associates | |||||
Company name | GreenStream BV(†) | ||||
Registered office | Amsterdam (Netherlands) | ||||
Country of operation | Libya | ||||
Share capital | € | € 200,000,000 | ||||
% Equity ratio | 50.00% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Eni North Africa BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Premium Multiservices SA | ||||
Registered office | Tunis (Tunisia) | ||||
Country of operation | Tunisia | ||||
Share capital | د.ت | د.ت 200,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Sergaz SA | |||||
Joint arrangements and associates | |||||
% Ownership | 49.99% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.01% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | SAMCO Sagl | ||||
Registered office | Lugano (Switzerland) | ||||
Country of operation | Switzerland | ||||
Share capital | SFr | SFr 20,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Eni International BV | |||||
Joint arrangements and associates | |||||
% Ownership | 5.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Transmed Pip Co Ltd | |||||
Joint arrangements and associates | |||||
% Ownership | 90.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 5.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | SEGAS Services SAE (†) | ||||
Registered office | Damietta (Egypt) | ||||
Country of operation | Egypt | ||||
Share capital | $ | $ 1,000,000 | ||||
% Equity ratio | 50.00% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Eni Gas Liquef. BV | |||||
Joint arrangements and associates | |||||
% Ownership | 1.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Damietta LNG (DLNG) SAE | |||||
Joint arrangements and associates | |||||
% Ownership | 98.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 1.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [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 1,000,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Eni International BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Transmediterranean Pipeline Co Ltd (†) | ||||
Registered office | St. Helier (Jersey) | ||||
Country of operation | Jersey | ||||
Share capital | $ | $ 10,310,000 | ||||
% Equity ratio | 50.00% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% |
Other information about inve_11
Other information about investments - Joint arrangements and associates - Refining Marketing and Chemical (Details) | 12 Months Ended | ||||||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021EGP (ج.م.) | Dec. 31, 2021TND (د.ت) | Dec. 31, 2021CHF (SFr) | Dec. 31, 2021SGD ($) | Dec. 31, 2021KZT (₸) | Dec. 31, 2021VEF | Dec. 31, 2021AED (د.إ) | Dec. 31, 2021KRW (₩) | Dec. 31, 2020EUR (€) | |
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 | |||||||||
Refining & Marketing | 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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate One [Member] | Eni Fuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | 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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Two [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 44.78% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 55.22% | ||||||||||
Refining & Marketing | 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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Three [Member] | Eni Fuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75.00% | ||||||||||
Refining & Marketing | 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 | 65.00% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Four [Member] | Eni Fuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35.00% | ||||||||||
Refining & Marketing | 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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Five [Member] | Eni Fuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Six [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Livorno LNG Terminal SpA (in liquidation) | ||||||||||
Registered office | Livorno | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | 200,000 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Six [Member] | Costiero Gas Liv SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Seven [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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Seven [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 40.50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 59.50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eight [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 | 50.00% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eight [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Nine [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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Nine [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Ten [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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Ten [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eleven [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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eleven [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 70.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Twelve [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. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Twelve [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Eni Abu Dhabi R&T BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni Abu Dhabi R&T BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 33.33% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 66.67% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [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 | 20.00% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Eni Suisse SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49.91% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.09% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [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 | Co. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 40.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 60.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 22.50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 77.50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Eni France Sarl | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 34.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 66.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Eni Suisse SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80.00% | ||||||||||
Refining & Marketing | 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 | 50.00% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 34.51% | ||||||||||
% Equity ratio | 50.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Supermetanol CA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.07% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35.42% | ||||||||||
% Equity ratio | 50.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | TBG Tanklager Betriebsgesellschaft GmbH(†) | ||||||||||
Registered office | Salzburg (Austria) | ||||||||||
Country of operation | Austria | ||||||||||
Share capital | 43,603.70 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Eni Market A GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Refining & Marketing | 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. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.00% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80.00% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [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 Twenty seven [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49.00% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.20% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | EniPower SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 8.90% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 21.90% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | IFM Ferrara ScpA | ||||||||||
Registered office | Ferrara | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | 5,270,466 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | S.E.F. Srl | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 10.70% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 19.74% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 11.58% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 57.98% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty nine [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Matrìca SpA(†) | ||||||||||
Registered office | Porto Torres (SS) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | 37,500,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty nine [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty nine [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [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 Thirty [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 37.22% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 5.65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 57.13% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [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 Thirty one [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 1.85% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 42.13% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | EniPower SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.37% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [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 Thirty two [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 48.44% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 38.39% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 13.17% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Lotte Versalis Elastomers Co Ltd(†) | ||||||||||
Registered office | Yeosu (South Korea) | ||||||||||
Country of operation | South Korea | ||||||||||
Share capital | ₩ | ₩ 551,800,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.00% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Versalis Chem-invest LLP (†) | ||||||||||
Registered office | Uralsk City (Kazakhstan) | ||||||||||
Country of operation | Kzakhstan | ||||||||||
Share capital | ₸ | ₸ 64,194,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Versalis Intern. SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49.00% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 51.00% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [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 Thirty five [Member] | Versalis Intern. SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49.00% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 51.00% |
Other information about inve_12
Other information about investments - Joint arrangements and associates - Plenitude & Power (Details) | 12 Months Ended | ||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2021NOK (kr) | Dec. 31, 2020EUR (€) | |
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 | E-Prosume Srl (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | 100,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [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 Two [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 45.45% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 54.55% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [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 Three [Member] | Eni gas e luce SpA SB | |||||
Joint arrangements and associates | |||||
% Ownership | 51.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [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 Four [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 40.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 60.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [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 Five [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 36.00% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 64.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [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 Eight [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 99.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 1.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | Clarensac Solar SAS | ||||
Registered office | Meyreuil (France) | ||||
Country of operation | France | ||||
Share capital | 25,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Dhamma Energy SAS | |||||
Joint arrangements and associates | |||||
% Ownership | 40.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 60.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||
Joint arrangements and associates | |||||
Company name | Doggerbank Offshore Wind Farm Project 1 Holdco Ltd (†) | ||||
Registered office | Reading (United Kingdom) | ||||
Country of operation | United Kingdom | ||||
Share capital | £ | £ 1,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Eni North Sea Wind | |||||
Joint arrangements and associates | |||||
% Ownership | 20.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 80.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Doggerbank Offshore Wind Farm Project 2 Holdco Ltd (†) | ||||
Registered office | Reading (United Kingdom) | ||||
Country of operation | United Kingdom | ||||
Share capital | £ | £ 1,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Eni North Sea Wind | |||||
Joint arrangements and associates | |||||
% Ownership | 20.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 80.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [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 Twelve [Member] | Eni G&P France SA | |||||
Joint arrangements and associates | |||||
% Ownership | 51.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Fotovoltaica Escudero SL | ||||
Registered office | Valencia (Spain) | ||||
Country of operation | Spain | ||||
Share capital | 3,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Dhamma Energy Group | |||||
Joint arrangements and associates | |||||
% Ownership | 45.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 55.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Gas Distribution Company of Thessaloniki - Thessaly SA (†) | ||||
Registered office | Ampelokipi-Menemeni (Greece) | ||||
Country of operation | Greece | ||||
Share capital | 247,127,605 | ||||
Consolidation or valuation method | Co. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni gas e luce SpA SB | |||||
Joint arrangements and associates | |||||
% Ownership | 49.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [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 Fifteen [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 49.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [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 Sixteen [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | |||||
Joint arrangements and associates | |||||
Company name | OVO Energy (France) SAS | ||||
Registered office | Paris (France) | ||||
Country of operation | France | ||||
Share capital | 66,666.66 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Eni gas e luce SpA SB | |||||
Joint arrangements and associates | |||||
% Ownership | 25.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 75.00% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Vårgrønn AS (†) | ||||
Registered office | Stavanger (Norway) | ||||
Country of operation | Norway | ||||
Share capital | kr | kr 100,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Eni Energy Solutions BV | |||||
Joint arrangements and associates | |||||
% Ownership | 69.60% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 30.40% | ||||
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 | 51.00% | ||||
Consolidation or valuation method | J.O. | ||||
Power | Italy | Joint Arrangement Or Associate One [Member] | EniPower SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 51.00% | ||||
Power | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49.00% |
Other information about inve_13
Other information about investments - Joint arrangements and associates - Corporate and other activities (Details) | 12 Months Ended | |||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021KZT (₸) | Dec. 31, 2020EUR (€) | |
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 | 25.00% | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 75.00% | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | ||||
Joint arrangements and associates | ||||
Company name | Saipem SpA (#) (†) | |||
Registered office | San Donato Milanese (MI) | |||
Country of operation | Italy | |||
Share capital | € | 2,191,384,693 | |||
Consolidation or valuation method | Eq. | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | ENI SpA | ||||
Joint arrangements and associates | ||||
% Ownership | 30.54% | |||
% Equity ratio | 31.20% | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | Saipem SpA | ||||
Joint arrangements and associates | ||||
% Ownership | 2.12% | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 67.34% | |||
% Equity ratio | 68.80% | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | ||||
Joint arrangements and associates | ||||
Company name | Commonwealth Fusion Systems Llc | |||
Registered office | Wilmington (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 215,000,514.83 | |||
Consolidation or valuation method | Eq. | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | ||||
Joint arrangements and associates | ||||
Company name | CZero Inc | |||
Registered office | Wilmington (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 8,116,660.78 | |||
Consolidation or valuation method | Eq. | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | ||||
Joint arrangements and associates | ||||
Company name | Form Energy Inc | |||
Registered office | Somerville (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 328,901,396.67 | |||
Consolidation or valuation method | Eq. | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | ||||
Joint arrangements and associates | ||||
Company name | Obantarla Corp. | |||
Registered office | Wilmington (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 20,499,995 | |||
Consolidation or valuation method | Eq. | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | ||||
Joint arrangements and associates | ||||
Company name | sHYp BV PBC | |||
Registered office | Wilmington (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 3,000,000 | |||
Consolidation or valuation method | Eq. | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [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 Eight [Member] | EniProgetti SpA | ||||
Joint arrangements and associates | ||||
% Ownership | 49.00% | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 51.00% | |||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | ||||
Joint arrangements and associates | ||||
Company name | Thiozen Inc | |||
Registered office | Wilmington (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 2,999,987.81 | |||
Consolidation or valuation method | Eq. | |||
Other activities | Italy | Joint Arrangement Or Associate One [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 One [Member] | Eni Rewind SpA | ||||
Joint arrangements and associates | ||||
% Ownership | 50.00% | |||
Other activities | Italy | Joint Arrangement Or Associate One [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 50.00% | |||
Other activities | Italy | Joint Arrangement Or Associate Two [Member] | ||||
Joint arrangements and associates | ||||
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 | Joint Arrangement Or Associate Two [Member] | Eni Rewind SpA | ||||
Joint arrangements and associates | ||||
% Ownership | 48.55% | |||
Other activities | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | ||||
Joint arrangements and associates | ||||
% Ownership | 51.45% |
Other information about inve_14
Other information about investments - Other significant investments - Exploration & Production (Details) | 12 Months Ended | ||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021AUD ($) | Dec. 31, 2021EGP (ج.م.) | Dec. 31, 2021VEF | Dec. 31, 2021AOA (Kz) | Dec. 31, 2020EUR (€) | |
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 | 187,059,565 | ||||||
Consolidation or valuation method | F.V. | ||||||
Exploration & Production | Italy | Other significant investments One [member] | Eni Natural Energ. SpA | |||||||
Other significant investments | |||||||
% Ownership | 3.32% | ||||||
Exploration & Production | Italy | Other significant investments One [member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 96.68% | ||||||
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 | 138,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | ENI SpA | |||||||
Other significant investments | |||||||
% Ownership | 16.67% | ||||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 83.33% | ||||||
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 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 | OPCO - Sociedade Operacional Angola LNG SA | ||||||
Registered office | Luanda (Angola) | ||||||
Country of operation | Angola | ||||||
Share capital | Kz | Kz 7,400,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Eni Angola Prod BV | |||||||
Other significant investments | |||||||
% Ownership | 13.60% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 86.40% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [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 Ten [Member] | Eni Venezuela BV | |||||||
Other significant investments | |||||||
% Ownership | 19.50% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 80.50% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | |||||||
Other significant investments | |||||||
Company name | SOMG - Sociedade de Operações e Manutenção de Gasodutos SA | ||||||
Registered office | Luanda (Angola) | ||||||
Country of operation | Angola | ||||||
Share capital | Kz | Kz 7,400,000 | ||||||
Consolidation or valuation method | F.V. | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Eni Angola Prod BV | |||||||
Other significant investments | |||||||
% Ownership | 10.57% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 89.43% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Twelve [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 Twelve [Member] | Ieoc Production BV | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Twelve [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, 2021 | Dec. 31, 2020 | |
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 | Emden (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 - Refining & Marketing and Chemical & Corporate and other activities (Details) ر.س in Thousands | 12 Months Ended | ||||||
Dec. 31, 2021USD ($) | Dec. 31, 2021EUR (€) | Dec. 31, 2021GBP (£) | Dec. 31, 2021GHS (GH₵) | Dec. 31, 2021CHF (SFr) | Dec. 31, 2021SAR (ر.س) | Dec. 31, 2020EUR (€) | |
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 | |||||
Refining & Marketing | 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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Two [Member] | Eni Deutsch.GmbH | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Two [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Three [Member] | |||||||
Other significant investments | |||||||
Company name | Compania de Economia Mixta ‘Austrogas’ | ||||||
Registered office | Cuenca (Ecuador) | ||||||
Country of operation | Ecuador | ||||||
Share capital | $ | $ 6,863,493 | ||||||
Consolidation or valuation method | F.V. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Three [Member] | Eni Ecuador SA | |||||||
Other significant investments | |||||||
% Ownership | 13.38% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Three [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 86.62% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Four [Member] | |||||||
Other significant investments | |||||||
Company name | Dépôts Pétroliers de Fos SA | ||||||
Registered office | Fos-Sur-Mer (France) | ||||||
Country of operation | France | ||||||
Share capital | 3,954,196.40 | ||||||
Consolidation or valuation method | F.V. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Four [Member] | Eni France Sarl | |||||||
Other significant investments | |||||||
% Ownership | 16.81% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Four [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 83.19% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Five [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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Five [Member] | Eni France Sarl | |||||||
Other significant investments | |||||||
% Ownership | 18.00% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Five [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 82.00% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Six [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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Six [Member] | ENI SpA | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Six [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Seven [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 | ||||||
Consolidation or valuation method | F.V. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Ecofuel SpA | |||||||
Other significant investments | |||||||
% Ownership | 10.00% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 90.00% | ||||||
Refining & Marketing | 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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Eni France Sarl | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Nine [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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Eni Iberia SLU | |||||||
Other significant investments | |||||||
% Ownership | 15.45% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 84.55% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Ten [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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Eni Deutsch.GmbH | |||||||
Other significant investments | |||||||
% Ownership | 12.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 87.50% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eleven [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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Eni Suisse SA | |||||||
Other significant investments | |||||||
% Ownership | 16.27% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 83.73% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Twelve [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. | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | Eni International BV | |||||||
Other significant investments | |||||||
% Ownership | 12.00% | ||||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 88.00% | ||||||
Chemicals | Italy | Other significant investments One [member] | |||||||
Other significant investments | |||||||
Company name | Novamont SpA | ||||||
Registered office | Novara | ||||||
Country of operation | Italy | ||||||
Share capital | 13,333,500 | ||||||
Consolidation or valuation method | F.V. | ||||||
Chemicals | Italy | Other significant investments One [member] | Versalis SpA | |||||||
Other significant investments | |||||||
% Ownership | 25.00% | ||||||
Chemicals | Italy | Other significant investments One [member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 75.00% | ||||||
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 | 30.00% | ||||||
Other activities | Italy | Other significant investments One [member] | Third parties | |||||||
Other significant investments | |||||||
% Ownership | 70.00% |
Other information about inve_17
Other information about investments - Principal joint ventures, joint operations and associates (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Abu Dhabi Oil Refining Co (Takreer) | ||
Disclosure of detailed information about investments | ||
Company name | Abu Dhabi Oil Refining Co (Takreer) | |
Registered office | Abu Dhabi (United Arab Emirates) | |
Country of operation | United Arab Emirates | |
Business segment | Refining & Marketing | |
% ownership interest | 20.00% | |
Eni's % of the investment | 20.00% | 20.00% |
Angola LNG Ltd | ||
Disclosure of detailed information about investments | ||
Company name | Angola LNG Ltd | |
Registered office | Hamilton (Bermuda) | |
Country of operation | Angola | |
Business segment | Exploration & Production | |
% ownership interest | 13.60% | |
Eni's % of the investment | 13.60% | 13.60% |
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 | 25.00% | |
Eni's % of the investment | 25.00% | 25.00% |
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 | 50.00% | |
Eni's % of the investment | 50.00% | |
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 | 50.00% | |
Eni's % of the investment | 50.00% | |
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 | Refining & Marketing | |
% ownership interest | 50.00% | |
Eni's % of the investment | 50.00% | |
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 | 50.00% | |
Eni's % of the investment | 50.00% | 50.00% |
Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | ||
Disclosure of detailed information about investments | ||
Company name | Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | |
Registered office | Reading (UK) | |
Country of operation | UK | |
Business segment | Plenitude | |
% ownership interest | 20.00% | |
Eni's % of the investment | 20.00% | |
Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | ||
Disclosure of detailed information about investments | ||
Company name | Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | |
Registered office | Reading (UK) | |
Country of operation | UK | |
Business segment | Plenitude | |
% ownership interest | 20.00% | |
Eni's % of the investment | 20.00% | |
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 | San Donato Milanese (MI) (Italy) | |
Country of operation | Italy | |
Business segment | Corporate and financial companies | |
% ownership interest | 30.54% | |
Eni's % of the investment | 31.20% | 31.08% |
Var Energi AS | ||
Disclosure of detailed information about investments | ||
Company name | Vår Energi AS | |
Registered office | Sandnes(Norway) | |
Country of operation | Norway | |
Business segment | Exploration & Production | |
% ownership interest | 69.85% | |
Eni's % of the investment | 69.85% | 69.85% |
Other information about inve_18
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about investments | ||||
Non-current assets | € 79,888 | € 76,746 | ||
Total assets | 137,765 | 109,648 | ||
Non-current liabilities | 49,970 | 48,464 | ||
Total liabilities | 93,246 | 72,155 | ||
Net equity | 44,519 | 37,493 | € 47,900 | € 51,073 |
Book value of the investment | 5,887 | 6,749 | 9,035 | |
Revenues and other income | 77,771 | 44,947 | 71,041 | |
Operating profit (loss) | 12,341 | (3,275) | 6,432 | |
Finance income (expense) | (788) | (1,045) | (879) | |
Income (expense) from investments | (868) | (1,658) | 193 | |
Profit (loss) before income taxes | 10,685 | (5,978) | 5,746 | |
Income taxes | (4,845) | (2,650) | (5,591) | |
Net profit (loss) | 5,840 | (8,628) | 155 | |
Other comprehensive income (loss) | 2,051 | (2,780) | 69 | |
Total other comprehensive income (loss) | 7,891 | (11,408) | 224 | |
Net profit (loss) attributable to Eni | 5,821 | (8,635) | € 148 | |
Cardon IV SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 285 | 235 | ||
- of which cash and cash equivalent | 3 | |||
Non-current assets | 1,947 | 2,040 | ||
Total assets | 2,232 | 2,275 | ||
Current liabilities | 373 | 262 | ||
- current financial liabilities | 4 | |||
Non-current liabilities | 1,301 | 1,615 | ||
- non-current financial liabilities | 430 | 785 | ||
Total liabilities | 1,674 | 1,877 | ||
Net equity | € 558 | € 398 | ||
Eni's % of the investment | 50.00% | 50.00% | ||
Book value of the investment | € 279 | € 199 | ||
Revenues and other income | 686 | 612 | ||
Operating expense | (546) | (453) | ||
Depreciation, amortization and impairments | (98) | (95) | ||
Operating profit (loss) | 42 | 64 | ||
Finance income (expense) | (67) | (98) | ||
Profit (loss) before income taxes | (25) | (34) | ||
Income taxes | 131 | (58) | ||
Net profit (loss) | (156) | (92) | ||
Other comprehensive income (loss) | 39 | (35) | ||
Total other comprehensive income (loss) | (117) | (127) | ||
Net profit (loss) attributable to Eni | (78) | (46) | ||
Gas Distribution Company of Thessaloniki Thessaly SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 31 | |||
- of which cash and cash equivalent | 10 | |||
Non-current assets | 344 | |||
Total assets | 375 | |||
Current liabilities | 38 | |||
- current financial liabilities | 11 | |||
Non-current liabilities | 51 | |||
- non-current financial liabilities | 39 | |||
Total liabilities | 89 | |||
Net equity | € 286 | |||
Eni's % of the investment | 49.00% | |||
Book value of the investment | € 140 | |||
Revenues and other income | 62 | |||
Operating expense | (19) | |||
Depreciation, amortization and impairments | (16) | |||
Operating profit (loss) | 27 | |||
Finance income (expense) | (1) | |||
Profit (loss) before income taxes | 26 | |||
Income taxes | (6) | |||
Net profit (loss) | 20 | |||
Total other comprehensive income (loss) | 20 | |||
Net profit (loss) attributable to Eni | 10 | |||
Dividends received from the joint venture | 9 | |||
Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | ||||
Disclosure of detailed information about investments | ||||
Current assets | 22 | |||
- of which cash and cash equivalent | 20 | |||
Non-current assets | 1,935 | |||
Total assets | 1,957 | |||
Current liabilities | 95 | |||
Non-current liabilities | 1,548 | |||
- non-current financial liabilities | 1,414 | |||
Total liabilities | 1,643 | |||
Net equity | € 314 | |||
Eni's % of the investment | 20.00% | |||
Book value of the investment | € 246 | |||
Finance income (expense) | (1) | |||
Profit (loss) before income taxes | (1) | |||
Net profit (loss) | (1) | |||
Other comprehensive income (loss) | 31 | |||
Total other comprehensive income (loss) | 30 | |||
Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | ||||
Disclosure of detailed information about investments | ||||
Current assets | 12 | |||
- of which cash and cash equivalent | 9 | |||
Non-current assets | 1,306 | |||
Total assets | 1,318 | |||
Current liabilities | 59 | |||
Non-current liabilities | 1,085 | |||
- non-current financial liabilities | 908 | |||
Total liabilities | 1,144 | |||
Net equity | € 174 | |||
Eni's % of the investment | 20.00% | |||
Book value of the investment | € 238 | |||
Finance income (expense) | (1) | |||
Profit (loss) before income taxes | (1) | |||
Net profit (loss) | (1) | |||
Other comprehensive income (loss) | (9) | |||
Total other comprehensive income (loss) | (10) | |||
Mozambique Rovuma Venture SpA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 202 | |||
- of which cash and cash equivalent | 82 | |||
Non-current assets | 3,810 | |||
Total assets | 4,012 | |||
Current liabilities | 162 | |||
- current financial liabilities | 4 | |||
Non-current liabilities | 2,856 | |||
- non-current financial liabilities | 2,823 | |||
Total liabilities | 3,018 | |||
Net equity | € 994 | |||
Eni's % of the investment | 35.71% | |||
Book value of the investment | € 355 | |||
Saipem SpA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 6,819 | 6,411 | ||
- of which cash and cash equivalent | 1,632 | 1,687 | ||
Non-current assets | 4,723 | 4,831 | ||
Total assets | 11,542 | 11,242 | ||
Current liabilities | 6,844 | 4,903 | ||
- current financial liabilities | 1,256 | 609 | ||
Non-current liabilities | 4,347 | 3,391 | ||
- non-current financial liabilities | 2,679 | 2,827 | ||
Total liabilities | 11,191 | 8,294 | ||
Net equity | € 351 | € 2,948 | ||
Eni's % of the investment | 31.20% | 31.08% | ||
Book value of the investment | € 137 | € 908 | ||
Revenues and other income | 6,880 | 7,408 | ||
Operating expense | (8,532) | (6,980) | ||
Other operating profit (loss) | 2 | |||
Depreciation, amortization and impairments | (616) | (1,273) | ||
Operating profit (loss) | (2,266) | (845) | ||
Finance income (expense) | (140) | (166) | ||
Income (expense) from investments | 9 | 37 | ||
Profit (loss) before income taxes | (2,397) | (974) | ||
Income taxes | 70 | (143) | ||
Net profit (loss) | (2,467) | (1,117) | ||
Other comprehensive income (loss) | (117) | 46 | ||
Total other comprehensive income (loss) | (2,584) | (1,071) | ||
Net profit (loss) attributable to Eni | (752) | (354) | ||
Dividends received from the joint venture | 3 | |||
Union Fenosa Gas SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 599 | |||
- of which cash and cash equivalent | 36 | |||
Non-current assets | 717 | |||
Total assets | 1,316 | |||
Current liabilities | 311 | |||
- current financial liabilities | 99 | |||
Non-current liabilities | 501 | |||
- non-current financial liabilities | 421 | |||
Total liabilities | 812 | |||
Net equity | € 504 | |||
Eni's % of the investment | 50.00% | |||
Book value of the investment | € 242 | |||
Revenues and other income | 854 | |||
Operating expense | (805) | |||
Depreciation, amortization and impairments | (108) | |||
Operating profit (loss) | (59) | |||
Finance income (expense) | (29) | |||
Income (expense) from investments | 3 | |||
Profit (loss) before income taxes | (85) | |||
Income taxes | (2) | |||
Net profit (loss) | (87) | |||
Other comprehensive income (loss) | (33) | |||
Total other comprehensive income (loss) | (120) | |||
Net profit (loss) attributable to Eni | (68) | |||
Var Energi AS | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,382 | 804 | ||
- of which cash and cash equivalent | 198 | 222 | ||
Non-current assets | 16,589 | 16,042 | ||
Total assets | 17,971 | 16,846 | ||
Current liabilities | 2,148 | 189 | ||
- current financial liabilities | 390 | 33 | ||
Non-current liabilities | 14,900 | 15,019 | ||
- non-current financial liabilities | 4,160 | 4,389 | ||
Total liabilities | 17,048 | 15,208 | ||
Net equity | € 923 | € 1,638 | ||
Eni's % of the investment | 69.85% | 69.85% | ||
Book value of the investment | € 645 | € 1,144 | ||
Revenues and other income | 5,191 | 2,450 | ||
Operating expense | (1,207) | (980) | ||
Other operating profit (loss) | (51) | |||
Depreciation, amortization and impairments | (1,825) | (3,425) | ||
Operating profit (loss) | 2,108 | (1,955) | ||
Finance income (expense) | (350) | 31 | ||
Profit (loss) before income taxes | 1,758 | (1,924) | ||
Income taxes | 1,729 | 603 | ||
Net profit (loss) | 29 | (1,321) | ||
Other comprehensive income (loss) | 61 | (273) | ||
Total other comprehensive income (loss) | 90 | (1,594) | ||
Net profit (loss) attributable to Eni | 20 | (918) | ||
Dividends received from the joint venture | 561 | 274 | ||
Other joint ventures | ||||
Disclosure of detailed information about investments | ||||
Current assets | 632 | 858 | ||
- of which cash and cash equivalent | 88 | 43 | ||
Non-current assets | 714 | 924 | ||
Total assets | 1,346 | 1,782 | ||
Current liabilities | 853 | 1,022 | ||
- current financial liabilities | 296 | 90 | ||
Non-current liabilities | 193 | 333 | ||
- non-current financial liabilities | 22 | 237 | ||
Total liabilities | 1,046 | 1,355 | ||
Net equity | 300 | 427 | ||
Book value of the investment | 157 | 188 | ||
Revenues and other income | 341 | 286 | ||
Operating expense | (315) | (304) | ||
Other operating profit (loss) | 4 | |||
Depreciation, amortization and impairments | (39) | (85) | ||
Operating profit (loss) | (9) | (103) | ||
Finance income (expense) | (22) | (21) | ||
Profit (loss) before income taxes | (31) | (124) | ||
Income taxes | 3 | (4) | ||
Net profit (loss) | (34) | (128) | ||
Other comprehensive income (loss) | 5 | (25) | ||
Total other comprehensive income (loss) | (29) | (153) | ||
Net profit (loss) attributable to Eni | (97) | (93) | ||
Dividends received from the joint venture | € 25 | € 10 |
Other information about inve_19
Other information about investments - Profit and loss and balance sheet related to the principal associates (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about investments | ||||
Non-current assets | € 79,888 | € 76,746 | ||
Total assets | 137,765 | 109,648 | ||
Non-current liabilities | 49,970 | 48,464 | ||
Total liabilities | 93,246 | 72,155 | ||
Net equity | 44,519 | 37,493 | € 47,900 | € 51,073 |
Book value of the investment | 5,887 | 6,749 | 9,035 | |
Revenues and other income | 77,771 | 44,947 | 71,041 | |
Other operating income (expense) | 903 | (766) | 287 | |
Operating profit (loss) | 12,341 | (3,275) | 6,432 | |
Finance income (expense) | (788) | (1,045) | (879) | |
Income (expense) from investments | (868) | (1,658) | 193 | |
Profit (loss) before income taxes | 10,685 | (5,978) | 5,746 | |
Income taxes | (4,845) | (2,650) | (5,591) | |
Net profit (loss) | 5,840 | (8,628) | 155 | |
Other comprehensive income (loss) | 2,051 | (2,780) | 69 | |
Total other comprehensive income (loss) | 7,891 | (11,408) | 224 | |
Net profit (loss) attributable to Eni | 5,821 | (8,635) | € 148 | |
Abu Dhabi Oil Refining Co (Takreer) | ||||
Disclosure of detailed information about investments | ||||
Current assets | 3,070 | 1,391 | ||
- of which cash and cash equivalent | 153 | 97 | ||
Non-current assets | 16,936 | 17,938 | ||
Total assets | 20,006 | 19,329 | ||
Current liabilities | 3,042 | 4,897 | ||
- current financial liabilities | 4,404 | |||
Non-current liabilities | 6,208 | 2,757 | ||
- non-current financial liabilities | 5,164 | 456 | ||
Total liabilities | 9,250 | 7,654 | ||
Net equity | € 10,756 | € 11,675 | ||
Eni's % of the investment | 20.00% | 20.00% | ||
Book value of the investment | € 2,151 | € 2,335 | ||
Revenues and other income | 21,758 | (11,933) | ||
Operating expense | (20,429) | (12,370) | ||
Depreciation, amortization and impairments | (3,054) | (851) | ||
Operating profit (loss) | (1,725) | (1,288) | ||
Finance income (expense) | (85) | (91) | ||
Profit (loss) before income taxes | (1,810) | 1,379 | ||
Income taxes | 4 | |||
Net profit (loss) | (1,810) | (1,375) | ||
Other comprehensive income (loss) | 892 | (1,101) | ||
Total other comprehensive income (loss) | (918) | (2,476) | ||
Net profit (loss) attributable to Eni | (362) | (275) | ||
Angola LNG Ltd | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,234 | 618 | ||
- of which cash and cash equivalent | 808 | 428 | ||
Non-current assets | 9,736 | 8,633 | ||
Total assets | 10,970 | 9,251 | ||
Current liabilities | 1,061 | 424 | ||
- current financial liabilities | 122 | 101 | ||
Non-current liabilities | 1,935 | 1,187 | ||
- non-current financial liabilities | 696 | 999 | ||
Total liabilities | 2,996 | 1,611 | ||
Net equity | € 7,974 | € 7,640 | ||
Eni's % of the investment | 13.60% | 13.60% | ||
Book value of the investment | € 1,084 | € 1,039 | ||
Revenues and other income | 2,739 | (976) | ||
Operating expense | (2,316) | (548) | ||
Depreciation, amortization and impairments | 307 | (508) | ||
Operating profit (loss) | 730 | (80) | ||
Finance income (expense) | (61) | (96) | ||
Profit (loss) before income taxes | 669 | 176 | ||
Net profit (loss) | 669 | (176) | ||
Other comprehensive income (loss) | 623 | (710) | ||
Total other comprehensive income (loss) | 1,292 | (886) | ||
Net profit (loss) attributable to Eni | 90 | (24) | ||
Coral FLNG SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 88 | 133 | ||
- of which cash and cash equivalent | 8 | 83 | ||
Non-current assets | 6,320 | 4,777 | ||
Total assets | 6,408 | 4,910 | ||
Current liabilities | 391 | 172 | ||
- current financial liabilities | 1 | |||
Non-current liabilities | 5,392 | 4,186 | ||
- non-current financial liabilities | 5,384 | 4,186 | ||
Total liabilities | 5,783 | 4,358 | ||
Net equity | € 625 | € 552 | ||
Eni's % of the investment | 25.00% | 25.00% | ||
Book value of the investment | € 156 | € 138 | ||
Revenues and other income | (1) | |||
Operating profit (loss) | 1 | |||
Finance income (expense) | (11) | |||
Profit (loss) before income taxes | 10 | |||
Income taxes | 2 | |||
Net profit (loss) | (8) | |||
Other comprehensive income (loss) | 46 | (48) | ||
Total other comprehensive income (loss) | 46 | (56) | ||
Net profit (loss) attributable to Eni | (2) | |||
Other associates | ||||
Disclosure of detailed information about investments | ||||
Current assets | 2,855 | 623 | ||
- of which cash and cash equivalent | 419 | 303 | ||
Non-current assets | 4,842 | 4,072 | ||
Total assets | 7,697 | 4,695 | ||
Current liabilities | 2,577 | 656 | ||
- current financial liabilities | 139 | 263 | ||
Non-current liabilities | 3,857 | 3,068 | ||
- non-current financial liabilities | 3,632 | 2,928 | ||
Total liabilities | 6,434 | 3,724 | ||
Net equity | 1,263 | 971 | ||
Book value of the investment | 393 | 321 | ||
Revenues and other income | 20,098 | (954) | ||
Operating expense | (19,785) | (917) | ||
Other operating income (expense) | (117) | |||
Depreciation, amortization and impairments | (40) | (75) | ||
Operating profit (loss) | 156 | (38) | ||
Finance income (expense) | (5) | (13) | ||
Income (expense) from investments | 52 | 16 | ||
Profit (loss) before income taxes | 203 | 35 | ||
Income taxes | (16) | (9) | ||
Net profit (loss) | 187 | (44) | ||
Other comprehensive income (loss) | 74 | (60) | ||
Total other comprehensive income (loss) | 261 | (104) | ||
Net profit (loss) attributable to Eni | 52 | (26) | ||
Dividends received from the associate | € 16 | € 13 |
Other information about inve_20
Other information about investments - Additional (Details) - EUR (€) € in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Other information about investments | ||
Non-controlling interest | € 82 | € 78 |