Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2017shares | |
Document And Entity Information | |
Entity Registrant Name | ENI SPA |
Entity Central Index Key | 1,002,242 |
Document Type | 20-F |
Document Period End Date | Dec. 31, 2017 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Is Entity a Well-known Seasoned Issuer? | Yes |
Is Entity a Voluntary Filer? | No |
Is Entity's Reporting Status Current? | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 3,634,185,330 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2,017 |
Trading Symbol | E |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
Current assets | |||
Cash and cash equivalents | € 7,363 | € 5,674 | |
Financial assets held for trading | [1] | 6,012 | 6,166 |
Financial assets available for sale | [2] | 207 | 238 |
Trade and other receivables | 15,737 | 17,593 | |
Inventories | 4,621 | 4,637 | |
Current tax assets | 191 | 383 | |
Other current tax assets | 729 | 689 | |
Other current assets | 1,573 | 2,591 | |
Current assets | 36,433 | 37,971 | |
Non-current assets | |||
Property, plant and equipment | 63,158 | 70,793 | |
Inventory - compulsory stock | 1,283 | 1,184 | |
Intangible assets | 2,925 | 3,269 | |
Equity-accounted investments | 3,511 | 4,040 | |
Other investments | 219 | 276 | |
Other financial assets | 1,675 | 1,860 | |
Deferred tax assets | 4,078 | 3,790 | |
Other non-current assets | 1,323 | 1,348 | |
Non-current assets | 78,172 | 86,560 | |
Assets held for sale | 323 | 14 | |
TOTAL ASSETS | 114,928 | 124,545 | |
Current liabilities | |||
Short-term debt | 2,242 | 3,396 | |
Current portion of long-term debt | 2,286 | 3,279 | |
Trade and other payables | 16,748 | 16,703 | |
Income tax payable | 472 | 426 | |
Other tax payable | 1,472 | 1,293 | |
Other current liabilities | 1,515 | 2,599 | |
Current liabilities | 24,735 | 27,696 | |
Non-current liabilities | |||
Long-term debt | 20,179 | 20,564 | |
Provisions for contingencies | 13,447 | 13,896 | |
Provisions for employee benefits | 1,022 | 868 | |
Deferred tax liabilities | 5,900 | 6,667 | |
Other non-current liabilities | 1,479 | 1,768 | |
Non-current liabilities | 42,027 | 43,763 | |
Liabilities directly associated with assets held for sale | 87 | ||
TOTAL LIABILITIES | 66,849 | 71,459 | |
SHAREHOLDERS' EQUITY | |||
Non-controlling interest | 49 | 49 | |
Share capital | 4,005 | 4,005 | |
Reserve related to cash flow hedging derivatives net of tax effect | 183 | 189 | |
Other reserves | 42,490 | 52,329 | |
Treasury shares | (581) | (581) | |
Interim dividend | (1,441) | (1,441) | |
Net profit (loss) | 3,374 | (1,464) | |
Total Eni shareholders' equity | 48,030 | 53,037 | |
TOTAL SHAREHOLDERS' EQUITY | 48,079 | 53,086 | |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 114,928 | 124,545 | |
Related parties [member] | |||
Current assets | |||
Trade and other receivables | 907 | 1,100 | |
Other current assets | 30 | 57 | |
Non-current assets | |||
Other financial assets | 1,214 | 1,349 | |
Other non-current assets | 46 | 13 | |
Current liabilities | |||
Short-term debt | 164 | 191 | |
Trade and other payables | 2,808 | 2,289 | |
Other current liabilities | 60 | 88 | |
Non-current liabilities | |||
Other non-current liabilities | € 23 | € 23 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. | ||
[2] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). |
CONSOLIDATED PROFIT AND LOSS AC
CONSOLIDATED PROFIT AND LOSS ACCOUNT - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
REVENUES | |||
Net sales from operations | € 66,919 | € 55,762 | € 72,286 |
Other income and revenues | 4,058 | 931 | 1,252 |
Total Revenue | 70,977 | 56,693 | 73,538 |
Purchases, services and other | (52,461) | (44,124) | (56,848) |
Payroll and related costs | (2,951) | (2,994) | (3,119) |
Other operating (expense) income | (32) | 16 | (485) |
Depreciation and amortization | (7,483) | (7,559) | (8,940) |
Net (impairments) reversals | 225 | 475 | (6,534) |
Write-off of tangible and intangible assets | (263) | (350) | (688) |
OPERATING PROFIT (LOSS) | 8,012 | 2,157 | (3,076) |
FINANCE INCOME (EXPENSE) | |||
Finance income | 3,924 | 5,850 | 8,635 |
Finance expense | (5,886) | (6,232) | (10,104) |
Net Finance income (expense) from financial assets held for trading | (111) | (21) | 3 |
Derivatives financial instruments | 837 | (482) | 160 |
Finance income (cost) | (1,236) | (885) | (1,306) |
INCOME (EXPENSE) FROM INVESTMENTS | |||
Share of profit (loss) from equity-accounted investments | (267) | (326) | (471) |
Other gain (loss) from investments | 335 | (54) | 576 |
Investment income | 68 | (380) | 105 |
PROFIT (LOSS) BEFORE INCOME TAXES | 6,844 | 892 | (4,277) |
Income taxes | 3,467 | 1,936 | 3,122 |
Net profit (loss) for the year - Continuing operations | 3,377 | (1,044) | (7,399) |
Net profit (loss) for the year - Discontinued operations | (413) | (1,974) | |
Net profit (loss) for the year | 3,377 | (1,457) | (9,373) |
Attributable to Eni | |||
- continuing operations | 3,374 | (1,051) | (7,952) |
- discontinued operations | (413) | (826) | |
Profit (loss), attributable to ordinary equity holders of parent entity | 3,374 | (1,464) | (8,778) |
Attributable to non-controlling interest | |||
- continuing operations | 3 | 7 | 553 |
- discontinued operations | (1,148) | ||
Profit (loss), attributable to non-controlling interests | € 3 | € 7 | € (595) |
Earnings per share attributable to Eni (€ per share) | |||
Basic | € 0.94 | € (0.41) | € (2.44) |
Diluted | 0.94 | (0.41) | (2.44) |
Earnings per share attributable to Eni - Continuing operations (€ per share) | |||
Basic | 0.94 | (0.29) | (2.21) |
Diluted | € 0.94 | € (0.29) | € (2.21) |
Related parties [member] | |||
REVENUES | |||
Net sales from operations | € 1,567 | € 1,238 | € 1,342 |
Other income and revenues | 41 | 74 | 69 |
Purchases, services and other | (9,164) | (8,212) | (6,882) |
Payroll and related costs | (34) | (24) | (55) |
Other operating (expense) income | 331 | 247 | 96 |
FINANCE INCOME (EXPENSE) | |||
Finance income | 191 | 157 | 83 |
Finance expense | € (4) | (145) | (50) |
Derivatives financial instruments | € 27 | ||
INCOME (EXPENSE) FROM INVESTMENTS | |||
Net profit (loss) for the year - Discontinued operations | € 142 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Profit or loss [abstract] | |||
Net profit (loss) | € 3,377 | € (1,457) | € (9,373) |
Items that are not reclassified to profit or loss in later periods | |||
Remeasurements of defined benefit plans | (33) | 16 | 36 |
Tax effect related to other comprehensive income not to be reclassified to profit or loss in subsequent periods | 29 | (35) | (21) |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (4) | (19) | 15 |
Items that may be reclassified to profit or loss in later periods | |||
Currency translation differences | (5,573) | 1,198 | 4,837 |
Change in the fair value of available-for-sale financial instruments | (5) | (4) | (4) |
Change in the fair value of cash flow hedging derivatives | (6) | 883 | (256) |
Share of other comprehensive income on equity-accounted entities | 69 | 32 | (9) |
Tax effect related to other comprehensive income to be reclassified to profit or loss in subsequent periods | 1 | (220) | 66 |
Other comprehensive income that will be reclassified to profit or loss, net of tax | (5,514) | 1,889 | 4,634 |
Total other items of comprehensive income (loss) | (5,518) | 1,870 | 4,649 |
Total comprehensive income (loss) | (2,141) | 413 | (4,724) |
Attributable to Eni | |||
- continuing operations | (2,144) | 819 | (3,416) |
- discontinued operations | (413) | (779) | |
Comprehensive income, attributable to owners of parent | (2,144) | 406 | (4,195) |
Attributable to non-controlling interest | |||
- continuing operations | 3 | 7 | 554 |
- discontinued operations | (1,083) | ||
Comprehensive income, attributable to non-controlling interests | € 3 | € 7 | € (529) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - EUR (€) € in Millions | Share capital [member] | Legal reserve of Eni SpA [member] | Reserve for treasury shares [member] | Reserve of cash flow hedges [member] | Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | Reserve of remeasurements of defined benefit plans [member] | Other reserves [member] | Cumulative currency translation differences [member] | Treasury Shares [member] | Retained Earnings [member] | Interim dividend [member] | Net profit (loss) [Member] | Other comprehensive income (loss) related to discontinued operations [member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] | Total |
Balance at Dec. 31, 2014 | € 4,005 | € 959 | € 6,201 | € (284) | € 11 | € (122) | € 207 | € 4,439 | € (581) | € 49,068 | € (2,020) | € 1,303 | € 63,186 | € 2,455 | € 65,641 | |
Statement Line Items [Line Items] | ||||||||||||||||
Net profit (loss) for the year | (8,778) | (8,778) | (595) | (9,373) | ||||||||||||
Items that are not reclassified to profit or loss in later periods | ||||||||||||||||
Remeasurements of defined benefit plans net of tax effect | 14 | 14 | 1 | 15 | ||||||||||||
Reclassification of ’’Other comprehensive loss" related to discontinued operations | 8 | € (8) | ||||||||||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | 22 | (8) | 14 | 1 | 15 | |||||||||||
Items that may be reclassified to profit or loss in later periods | ||||||||||||||||
Currency translation differences | (1) | 4,722 | 54 | 4,775 | 62 | 4,837 | ||||||||||
Change of the fair value of other available-for-sale financial instruments net of tax effect | (3) | (3) | (3) | |||||||||||||
Change of the fair value of cash flow hedge derivatives net of tax effect | (194) | (194) | 3 | (191) | ||||||||||||
Share of "Other comprehensive income" on equity-accounted entities | (9) | (9) | (9) | |||||||||||||
Reclassification adjustments of other comprehensive income related to discontinued operations will be reclassified to profit or loss, net of tax | 4 | (32) | 28 | |||||||||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | (190) | (3) | (1) | (9) | 4,690 | 54 | 28 | 4,569 | 65 | 4,634 | ||||||
Total comprehensive income (loss) of the year | (190) | (3) | 21 | (9) | 4,690 | 54 | (8,778) | 20 | (4,195) | (529) | (4,724) | |||||
Transactions with shareholders | ||||||||||||||||
Dividend distribution of Eni SpA | 2,020 | (4,037) | (2,017) | (2,017) | ||||||||||||
Interim dividend distribution of Eni SpA | (1,440) | (1,440) | (1,440) | |||||||||||||
Dividend distribution of other companies | (21) | (21) | ||||||||||||||
Allocation of net loss | (2,734) | 2,734 | ||||||||||||||
Payments and reimbursements by/to minority shareholders | 1 | 1 | ||||||||||||||
Increase (decrease) in equity | (2,734) | 580 | (1,303) | (3,457) | (20) | (3,477) | ||||||||||
Other changes in shareholders' equity | ||||||||||||||||
Elimination of intercompany profit between companies with different Group interest | (28) | (28) | 28 | |||||||||||||
Exclusion from the scope of consolidation of non-significant companies and changes in non-controlling interests | (7) | (7) | (10) | (17) | ||||||||||||
Reclassification of the reserve for treasury shares | (5,620) | 5,620 | ||||||||||||||
Other changes | (18) | 12 | (6) | (8) | (14) | |||||||||||
Increase (decrease) through other changes, equity | (5,620) | (18) | 5,597 | (41) | 10 | (31) | ||||||||||
Balance at Dec. 31, 2015 | 4,005 | 959 | 581 | (474) | 8 | (101) | 180 | 9,129 | (581) | 51,985 | (1,440) | (8,778) | 20 | 55,493 | 1,916 | 57,409 |
Statement Line Items [Line Items] | ||||||||||||||||
Net profit (loss) for the year | (1,464) | (1,464) | 7 | (1,457) | ||||||||||||
Items that are not reclassified to profit or loss in later periods | ||||||||||||||||
Remeasurements of defined benefit plans net of tax effect | (19) | (19) | (19) | |||||||||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (19) | (19) | (19) | |||||||||||||
Items that may be reclassified to profit or loss in later periods | ||||||||||||||||
Currency translation differences | 8 | 1,190 | 1,198 | 1,198 | ||||||||||||
Change of the fair value of other available-for-sale financial instruments net of tax effect | (4) | (4) | (4) | |||||||||||||
Change of the fair value of cash flow hedge derivatives net of tax effect | 663 | 663 | 663 | |||||||||||||
Share of "Other comprehensive income" on equity-accounted entities | 32 | 32 | 32 | |||||||||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | 663 | (4) | 8 | 32 | 1,190 | 1,889 | 1,889 | |||||||||
Total comprehensive income (loss) of the year | 663 | (4) | (11) | 32 | 1,190 | (1,464) | 406 | 7 | 413 | |||||||
Transactions with shareholders | ||||||||||||||||
Dividend distribution of Eni SpA | (1,028) | 1,440 | (1,852) | (1,440) | (1,440) | |||||||||||
Interim dividend distribution of Eni SpA | (1,441) | (1,441) | (1,441) | |||||||||||||
Dividend distribution of other companies | (4) | (4) | ||||||||||||||
Allocation of net loss | (10,630) | 10,630 | ||||||||||||||
Increase (decrease) in equity | (11,658) | (1) | 8,778 | (2,881) | (4) | (2,885) | ||||||||||
Other changes in shareholders' equity | ||||||||||||||||
Exclusion from the scope of consolidation of non-significant companies and changes in non-controlling interests | (1,872) | (1,872) | ||||||||||||||
Reclassification to profit and loss account of amounts previously recognized in other comprehensive income related to Saipem | (8) | (20) | (28) | (28) | ||||||||||||
Other changes | (1) | 48 | 47 | 2 | 49 | |||||||||||
Increase (decrease) through other changes, equity | (1) | 40 | € (20) | 19 | (1,870) | (1,851) | ||||||||||
Balance at Dec. 31, 2016 | 4,005 | 959 | 581 | 189 | 4 | (112) | 211 | 10,319 | (581) | 40,367 | (1,441) | (1,464) | 53,037 | 49 | 53,086 | |
Statement Line Items [Line Items] | ||||||||||||||||
Net profit (loss) for the year | 3,374 | 3,374 | 3 | 3,377 | ||||||||||||
Items that are not reclassified to profit or loss in later periods | ||||||||||||||||
Remeasurements of defined benefit plans net of tax effect | (4) | (4) | (4) | |||||||||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (4) | (4) | (4) | |||||||||||||
Items that may be reclassified to profit or loss in later periods | ||||||||||||||||
Currency translation differences | 2 | (5,575) | (5,573) | (5,573) | ||||||||||||
Change of the fair value of other available-for-sale financial instruments net of tax effect | (4) | (4) | (4) | |||||||||||||
Change of the fair value of cash flow hedge derivatives net of tax effect | (6) | (6) | (6) | |||||||||||||
Share of "Other comprehensive income" on equity-accounted entities | 69 | 69 | 69 | |||||||||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | (6) | (4) | 2 | 69 | (5,575) | (5,514) | (5,514) | |||||||||
Total comprehensive income (loss) of the year | (6) | € (4) | (2) | 69 | (5,575) | 3,374 | (2,144) | 3 | (2,141) | |||||||
Transactions with shareholders | ||||||||||||||||
Dividend distribution of Eni SpA | 1,441 | (2,881) | (1,440) | (1,440) | ||||||||||||
Interim dividend distribution of Eni SpA | (1,441) | (1,441) | (1,441) | |||||||||||||
Dividend distribution of other companies | (3) | (3) | ||||||||||||||
Allocation of net loss | (4,345) | 4,345 | ||||||||||||||
Increase (decrease) in equity | (4,345) | 1,464 | (2,881) | (3) | (2,884) | |||||||||||
Other changes in shareholders' equity | ||||||||||||||||
Other changes | 74 | (56) | 18 | 18 | ||||||||||||
Increase (decrease) through other changes, equity | 74 | (56) | 18 | 18 | ||||||||||||
Balance at Dec. 31, 2017 | € 4,005 | € 959 | € 581 | € 183 | € (114) | € 280 | € 4,818 | € (581) | € 35,966 | € (1,441) | € 3,374 | € 48,030 | € 49 | € 48,079 |
CONSOLIDATED STATEMENTS OF CHA6
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Parenthetical) - € / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Line Items [Line Items] | |||
Dividends paid, ordinary shares per share | € 0.4 | € 0.4 | € 0.4 |
Increase (decrease) due to changes in accounting policy and corrections of prior period errors [member] | |||
Statement Line Items [Line Items] | |||
Dividends paid, ordinary shares per share | € 0.4 | € 0.4 | € 0.56 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
StatementsLineItems [Line Items] | |||
Net profit (loss) of the year - Continuing operations | € 3,377 | € (1,044) | € (7,399) |
Adjustments to reconcile net profit (loss) to net cash provided by operating activities | |||
Depreciation and amortization | 7,483 | 7,559 | 8,940 |
Net Impairments (reversals) | (225) | (475) | 6,534 |
Write-off of tangible and intangible assets | 263 | 350 | 688 |
Share of (profit) loss of equity-accounted investments | 267 | 326 | 471 |
Gain on disposal of assets, net | (3,446) | (48) | (577) |
Dividend income | (205) | (143) | (402) |
Interest income | (283) | (209) | (164) |
Interest expense | 671 | 645 | 659 |
Income taxes | 3,467 | 1,936 | 3,122 |
Other changes | 894 | (9) | 586 |
Changes in working capital: | |||
- inventories | (346) | (273) | 1,638 |
- trade receivables | 657 | 1,286 | 4,944 |
- trade payables | 284 | 1,495 | (2,342) |
- provisions for contingencies | 96 | (1,043) | 43 |
- other assets and liabilities | 749 | 647 | 498 |
Cash flow from changes in working capital | 1,440 | 2,112 | 4,781 |
Net change in the provisions for employee benefits | 38 | 22 | (3) |
Dividends received | 291 | 212 | 545 |
Interest received | 104 | 160 | 81 |
Interest paid | (582) | (780) | (692) |
Income taxes paid, net of tax receivables received | (3,437) | (2,941) | (4,295) |
Net cash provided by operating activities - Continuing operations | 10,117 | 7,673 | 12,875 |
Net cash provided by operating activities - Discontinued operations | (1,226) | ||
Net cash provided by operating activities | 10,117 | 7,673 | 11,649 |
Investing activities: | |||
- tangible assets | (8,490) | (9,067) | (11,177) |
- intangible assets | (191) | (113) | (125) |
- investments | (510) | (1,164) | (228) |
- securities | (316) | (1,336) | (201) |
- financing receivables | (657) | (1,208) | (1,103) |
- change in payables in relation to investing activities and capitalized depreciation | 152 | (8) | (1,058) |
Cash flow from investing activities | (10,012) | (12,896) | (13,892) |
Disposals: | |||
- tangible assets | 2,745 | 19 | 427 |
- intangible assets | 2 | 32 | |
- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | 2,662 | (362) | 73 |
- tax on disposals | (436) | ||
- investments | 482 | 508 | 1,726 |
- securities | 224 | 20 | 18 |
- financing receivables | 999 | 8,063 | 533 |
- change in receivables in relation to disposals | (434) | 205 | 160 |
Cash flow from disposals | 6,244 | 8,453 | 2,969 |
Net cash used in investing activities | (3,768) | (4,443) | (10,923) |
Increase in long-term financial debt | 1,842 | 4,202 | 3,376 |
Repayments of long-term financial debt | (2,973) | (2,323) | (4,466) |
Increase (decrease) in short-term financial debt | (581) | (2,645) | 3,216 |
Cash flows from used in increase decrease in borrowings | (1,712) | (766) | 2,126 |
Net capital contributions by non-controlling interest | 1 | ||
Dividends paid to Eni's shareholders | (2,880) | (2,881) | (3,457) |
Dividends paid to non-controlling interest | (3) | (4) | (21) |
Net cash used in financing activities | (4,595) | (3,651) | (1,351) |
Effect of change in consolidation (inclusion/exclusion of significant/insignificant subsidiaries) | 7 | (5) | (13) |
Effect of cash and cash equivalents pertaining to discontinued operations | 889 | (889) | |
Effect of exchange rate changes and other changes on cash and cash equivalents | (72) | 2 | 122 |
Net cash flow of the year | 1,689 | 465 | (1,405) |
Cash and cash equivalents - beginning of the year (excluding discontinued operations) | 5,674 | 5,209 | 6,614 |
Cash and cash equivalents - end of the year (excluding discontinued operations) | 7,363 | 5,674 | 5,209 |
Related parties [member] | |||
Changes in working capital: | |||
- trade receivables | 391 | 182 | 105 |
Interest received | 187 | 133 | 82 |
Net cash provided by operating activities - Continuing operations | (2,843) | (3,749) | (4,092) |
Net cash provided by operating activities - Discontinued operations | 126 | ||
Net cash provided by operating activities | (2,843) | (3,749) | (3,966) |
Disposals: | |||
Net cash used in investing activities | (3,115) | 3,752 | (1,583) |
Net cash used in financing activities | € (16) | € (192) | € 13 |
Basis of preparation
Basis of preparation | 12 Months Ended |
Dec. 31, 2017 | |
Basis Of Preparation | |
Disclosure of basis of preparation of financial statements [text block] | 1 Basis of preparation The Consolidated Financial Statements of the Eni Group have been prepared in accordance with International Financial Reporting Standards (IFRS) 1 as issued by the International Accounting Standards Board (IASB). Oil and natural gas exploration and production activity is accounted for in accordance with internationally accepted accounting standards taking into account the requirements in IFRSs that apply. 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 note 3 “Significant accounting policies”. The 2017 Consolidated Financial Statements included in the Annual Report on Form 20-F, approved by the Eni’s Board of Directors on April 5, 2018, were audited by the external auditor Ernst & Young SpA. The external auditor of Eni SpA, as the main external auditor, is wholly in charge of the auditing activities of the Consolidated Financial Statements; when there are other external auditors, Ernst & Young SpA takes the responsibility of their work. The Consolidated Financial Statements are presented in euro and all values are rounded to the nearest million euros (€ million). |
Principles of consolidation
Principles of consolidation | 12 Months Ended |
Dec. 31, 2017 | |
Principles Of Consolidation | |
Disclosure of basis of consolidation [text block] | 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. For entities acting as sole-operator in the management of oil&gas contracts on behalf of companies participating in a joint project, the activities are financed proportionally based on a budget approved by the participating companies upon presentation of periodical reports of proceeds and expenses. Costs and revenues and other operating data (production, reserves, etc.) of the project, as well as the related obligations arising from the project, are recognized directly in the financial statements of the companies involved based on their own share. Some subsidiaries are not consolidated because they are immaterial, either individually or in the aggregate; this exclusion has not produced significant 2 effects on the Consolidated Financial Statements 3 . Subsidiaries are consolidated from the date on which control is obtained until the date that such control ceases. 100% of assets, liabilities, income and expenses of consolidated subsidiaries are combined with those of the parent in the Consolidated Financial Statements; the net book value of these subsidiaries is eliminated against the corresponding portion of the shareholders’ equity. Equity and net profit attributable to non-controlling interests are included in specific line items of equity and profit and loss account. _______ (1) IFRSs include also International Accounting Standards (IAS), currently effective, as well as the interpretations prepared by the IFRS Interpretations Committee, previously named International Financial Reporting Interpretations Committee (IFRIC) and initially Standing Interpretations Committee (SIC). (2) According to the requirements of the Conceptual Framework for Financial Reporting, “information is material if omitting it or misstating it could influence decisions that users make on the basis of financial information about a specific reporting entity”. (3) Unconsolidated subsidiaries are accounted for as described in the accounting policy for “The equity method of accounting”. 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 non-controlling interests are adjusted is attributed to the Group shareholders’ equity. Conversely, the sale of equity interests with loss of control determines the recognition in the profit and loss account of: (i) any gain/loss calculated as the difference between the consideration received and the corresponding transferred portion of equity; (ii) any gain or loss recognized as a result of the re-measurement of any investment retained in the former subsidiary to its fair value; and (iii) any amount related to the former subsidiary previously recognized in other comprehensive income which can be reclassified subsequently to the profit and loss account 4 . Any investment retained in the former subsidiary is recognized at its fair value at the date when control is lost and shall be accounted for in accordance with the applicable measurement criteria. Interests in joint arrangements A joint arrangement is an arrangement of which two or more parties have joint control. 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. Judgment is required in assessing whether a joint arrangement creates enforceable rights and obligations; this assessment is made considering the design and purpose of the joint arrangement, the terms of the contractual arrangements, as well as any other facts and circumstances that are relevant for this assessment. In the Consolidated Financial Statements the Eni’s share of the assets/liabilities and revenues/expenses of joint operations is recognized upon rights and obligations to the arrangements. After the initial recognition, the assets/liabilities and revenues/expenses of the joint operations are measured in accordance with the measurement criteria applicable to each case. Immaterial joint operations 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 net of any impairment losses. Interests 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”. Consolidated companies’ financial statements are audited by external auditors who audit also the information required for the preparation of the Consolidated Financial Statements. The equity method of accounting Investments in unconsolidated subsidiaries, joint ventures and associates are accounted for using the equity method 5 . Under the equity method, investments are initially recognized at cost, allocating, similarly to business combinations procedures, the purchase price of the investment to the investee’s assets/liabilities; if this allocation is provisionally recognized at initial recognition, it can be retrospectively adjusted within one year from the date of initial recognition, to reflect new information obtained about facts and circumstances that existed at the date of initial recognition. 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; and (ii) the investor’s share of the investee’s other comprehensive income. Changes in the net assets of an equity-accounted investee, not arising from the investee’s profit or loss or other comprehensive income, are recognized in the investor’s profit and loss account, as they basically represent a gain or loss from a disposal of an interest in the investee’s equity. 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”). When there is objective evidence of impairment (see also the accounting policy for “Current financial assets”), the recoverability is tested by comparing the carrying amount and the related recoverable amount determined by adopting the criteria indicated in the accounting policy for “Property, plant and equipment”. The losses arising from the application of the equity method exceeding the carrying amount of the investment, recognized in the profit and loss account within “Income (expense) from investments”, are allocated to any financial receivable from the investee for which settlement is neither planned nor likely to occur in the foreseeable future (the so-called long-term interests) and which is, in substance, an extension of the investment in the investee. _________ (4) Conversely, any amount related to the former subsidiary previously recognized in other comprehensive income, which cannot be reclassified subsequently to the profit and loss account, are reclassified in another item of equity. (5) In the case of step acquisition of significant influence (or joint control), the investment is recognized, at the acquisition date of significant influence (joint control), at the amount deriving from the use of the equity method assuming the adoption of this method since initial acquisition; the “step-up” of the carrying amount of interests owned before the acquisition of significant influence (joint control) is taken to equity. Immaterial subsidiaries, joint ventures and associates are accounted for at cost, net of any impairment losses, if this does not result in a misrepresentation of the Group financial position and performance. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognized in the profit and loss account within “Other gain (loss) from investments”. The reversal cannot exceed the previously recognized impairment losses. 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/loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss recognized as a result of the re-measurement of any investment retained in the former joint venture/associate to its fair value 6 ; and (iii) any amount related to the former joint venture/associate previously recognized in other comprehensive income which can be reclassified subsequently to profit and loss account 7 . Any investment retained in the former joint venture/associate is recognized at its fair value at the date when joint control or significant influence is lost and shall be accounted for in accordance with the applicable measurement criteria. The investor’s share of losses of an equity-accounted investee, that exceeds the carrying amount of the investment, is recognized in a specific provision only to the extent the investor is required to fulfill legal or constructive obligations of the investee or to fund its losses. Business combinations Business combinations are recognized by applying the acquisition method. The consideration transferred in a business combination is measured at the acquisition date and is the sum of the acquisition-date fair values of the assets transferred, the liabilities incurred, as well as any equity instruments issued by the acquirer. Acquisition-related costs are accounted for as expenses when they are incurred. At the acquisition date, the acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 8 , unless another measurement basis is required by IFRSs. The excess of the consideration transferred over the Group’s share of the net of the acquisition-date amounts of the identifiable assets acquired and liabilities assumed is recognized as goodwill; a gain from a bargain purchase is recognized in the profit and loss account. Any non-controlling interest is measured as the proportionate share in the recognized amounts of the acquiree’s identifiable net assets at the acquisition date (partial goodwill method); as an alternative, it is allowed the recognition of the entire amount of goodwill deriving from the acquisition, including also the goodwill attributable to non-controlling interests (full goodwill method). In the last case, non-controlling interests are measured at their fair value, which therefore includes the goodwill attributable to them 9 . The choice of measurement basis of goodwill (partial goodwill method vs. full goodwill method) is made on a transaction-by-transaction basis. _________ (6) If the retained investment continues to be accounted for using the equity method, no remeasurement to fair value is recognized in the profit and loss account. (7) Conversely, any amount related to the former joint venture/associate previously recognized in other comprehensive income, which cannot be reclassified subsequently to the profit and loss account, are reclassified in another item of equity. (8) Fair value measurement principles are described below in the accounting policy for “Fair value measurements”. (9) The choice between partial goodwill and full goodwill method is made also for business combinations resulting in the recognition of a gain on bargain purchase in the profit and loss account. In a business combination achieved in stages, the purchase price is determined by summing the fair value of previously held equity interests in the acquiree and the consideration transferred for the acquisition of control; the previously held equity interests are re-measured at their acquisition-date fair value and the resulting gain or loss, if any, is recognized in the profit and loss account. Furthermore, on obtaining control, any amount of the acquiree previously recognized in other comprehensive income is charged to the profit and loss account, or in another item of equity when the amount cannot 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 recognized 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 in which the activity constitutes a business is recognized applying the relevant principles for business combinations. Intragroup transactions All balances and transactions between consolidated companies, including unrealized profits arising from such transactions, have been eliminated. Unrealized 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, unrealized losses are not eliminated when they provide 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, are translated into euro 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 (source: Reuters — WMR). The cumulative amount of the resulting translation differences is presented in the separate component of the Group shareholders’ equity “Cumulative currency translation differences” 10 . Cumulative exchange differences are reclassified to the profit and loss account when the entity disposes the entire interest in a foreign operation or when the partial disposal involves the loss of control, joint control or significant influence of a foreign operation. On a partial disposal that does not involve loss of control of a subsidiary that includes a foreign operation, the proportionate share of the cumulative exchange differences is reattributed to the non-controlling interests in that foreign operation. On a partial disposal that does not involve loss of joint control or significant influence, the proportionate share of the cumulative exchange differences is reclassified to the profit and loss account. The repayment of share capital made by a subsidiary having a functional currency other than the euro, without a change in the ownership interest, implies that the proportionate share of the cumulative amount of exchange differences relating to the subsidiary is reclassified to the profit and loss account. The financial statements of foreign operations which are translated into euro are denominated in the foreign operations’ functional currencies which generally is the U.S. dollar. ________ (10) When the foreign subsidiary is partially owned, the cumulative exchange differences, that are attributable to the non-controlling interests, are allocated to and recognized as part of “Non-controlling interest”. The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: (currency amount for €1) Annual average exchange rate 2017 Exchange rate at December 31, 2017 Annual average exchange rate 2016 Exchange rate at December 31, 2016 Annual average exchange rate 2015 Exchange rate at December 31, 2015 U.S. Dollar 1.13 1.20 1.11 1.05 1.11 1.09 Pound Sterling 0.88 0.89 0.82 0.86 0.73 0.73 Norwegian Krone 9.33 9.83 9.29 9.09 8.95 9.60 Australian Dollar 1.47 1.53 1.49 1.46 1.48 1.49 |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2017 | |
Significant Accounting Policies | |
Disclosure of significant accounting policies [text block] | 3 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 expenditure Acquisition of exploration rights Costs incurred for the acquisition of exploration rights (or their extension) are initially capitalized 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 amortized, 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 can show the existence 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 recognized in the profit and loss account as write-off. Lower value exploration rights are pooled and amortized 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”. When the reclassification is recognized, 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 amortized according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortization”). Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalized 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 under the criteria indicated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortized on a UOP basis (see the accounting policy for “UOP depreciation, depletion and amortization”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortized until classified as proved reserves; in case of a negative result, it is written-off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognized as an expense as incurred. Costs directly associated with an exploration well are initially recognized 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 capitalized 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 capitalized 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 capitalized costs are recognized 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 recognized as unproved is reclassified to proved exploration and appraisal costs, within tangible assets in progress. When the reclassification is recognized, as well as whether 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 amortization”). Development expenditure Development expenditure, including the costs related to unsuccessful and damaged development wells, are capitalized as “Tangible asset in progress — proved”. Development expenditures are costs incurred to obtain access to proved reserves and provide facilities to extract, gather and store the oil&gas. They are amortized, from the commencement of production, generally on a UOP basis (see the accounting policy for “UOP depreciation, depletion and amortization”). 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 amortization Proved oil&gas assets are depreciated generally under the UOP method, as their useful life is closely related to the availability of oil&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&gas reserves. Proved exploration rights and acquired proved mineral interests are amortized over proved reserves; proved exploration and appraisal costs and development expenditure are depreciated over proved developed reserves. Production costs Production costs are those costs incurred to operate and maintain wells and field equipment and are recognized as an expense as incurred. Production Sharing Agreements and buy-back contracts Oil and gas reserves related to Production Sharing Agreements and buy-back contracts 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 production entitlements 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 representing the Profit Oil 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 recognize at the same time an increase in the taxable profit, through the increase of the revenues, and a tax expense. Decommissioning and restoration liabilities 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 capitalized, consistently with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Property, plant and equipment Property, plant and equipment, including investment properties, are recognized using the cost model and stated at their purchase 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. When a substantial period of time is required to make the asset ready for use, the purchase price or construction cost includes the borrowing costs incurred that could have otherwise 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 recognized as part of a specific provision). Changes in provisions due to the passage of time and changes in discount rates are recognized as described in the accounting policy for “Provisions, contingent liabilities and contingent assets” 11 . Property, plant and equipment are not revalued for financial reporting purposes. Assets under finance lease, or under arrangements that do not take the legal form of a finance lease but substantially transfer all the risks and rewards of ownership of the leased asset, are recognized, at the commencement of the lease term, at fair value, net of grants attributable to the lessee or, if lower, at the present value of the minimum lease payments. Leased assets are included within property, plant and equipment. A corresponding financial debt to the lessor is recognized. These assets are depreciated as described below. If there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term, the assets are depreciated over the shorter of the lease term and the useful life of the asset. Expenditures on upgrading, revamping and reconversion are recognized 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 to obtain future economic benefits from other assets. 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, using a straight-line method 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 purchased with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). A change in the depreciation method, deriving from 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, shall be recognized prospectively. Assets that can be used free of charge by third parties are depreciated over the shorter term of the duration of the concession or the asset’s useful life. Replacement costs of identifiable parts in complex assets are capitalized 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. Leasehold improvement costs are depreciated over the useful life of the improvements or, if lower, over the residual length of the lease, considering any renewal period if renewal depends entirely on the lessee and is virtually certain. Expenditures for ordinary maintenance and repairs are recognized as an expense as incurred. _________ (11) These liabilities relate essentially to assets in the Exploration & Production segment. Decommissioning and restoration liabilities associated with tangible assets of Refining & Marketing and Chemical and Gas & Power segments are recognized when the cost is actually incurred and the amount of the liability can be reliably estimated, considering that undetermined settlement dates for assets dismantlement and restoration do not allow a discounting estimate of the obligation. With regard to this, Eni performs periodic reviews of its tangible assets of Refining & Marketing and Chemical and Gas & Power segments for any changes in facts and circumstances that might require recognition of a decommissioning and restoration liability. The carrying amount of property, plant and equipment is reviewed for impairment whenever there is any indication that the carrying amounts of those assets may not be recoverable. The recoverability of an asset is assessed by comparing its carrying amount with the recoverable amount, which is the higher of the asset’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 asset 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. 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 asset, giving greater weight to external evidence. With reference to commodity prices, management assumes the price scenario adopted for economic and financial projections and for whole life appraisal for capital expenditures. In particular, for the cash flows associated to oil, natural gas and petroleum products prices (and prices derived from them), the price scenario is approved by the Board of Directors and is based on management’s long-term planning assumptions and, if there is a sufficient liquidity and reliability level, on the forward prices prevailing in the marketplace. When commodity prices fluctuate quite considerably, management considers the most updated variables available. Discounting is carried out at 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 expected 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 asset. These adjustments are measured considering information from external parties. WACC differs considering the risk associated with each operating segments where the asset operates. In particular, for the assets belonging to the Gas & Power segment and the Chemical business, taking into account their different risk compared with Eni as a whole, specific WACC rates have been defined on the basis of a sample of companies operating in the same segment/business, adjusted to take into consideration the risk premium of the specific country of the activity. For the other segments/businesses, a single WACC is used considering that the risk is the same to that of Eni as a whole. 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 deriving, through an iteration process, from a post-tax valuation. Valuation is carried out for each single asset or, if the recoverable amount of a single asset cannot be determined, for the smallest identifiable group of assets that generates independent cash inflows from their continuous use, the so-called “cash-generating unit”. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognized in the profit and loss account. The reversal shall not exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. The carrying amount of property, plant and equipment is derecognized 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. 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 acquired in business combinations. An asset is classified as intangible when management is able to distinguish it clearly from goodwill. This condition is normally met when: (i) the intangible asset arises from contractual or other legal rights, or (ii) the asset is separable, i.e. can be sold, transferred, licensed, rented or exchanged, either individually or together with other assets. An entity controls an intangible asset if it has the power to obtain the future economic benefits flowing from the underlying asset and to restrict the access of others to those benefits. Intangible assets are initially recognized at cost as determined by the criteria used for tangible assets and they are not revalued for financial reporting purposes. Intangible assets with finite useful lives are amortized on a systematic basis over their useful life estimated as the period over which the assets will be available for use by the Company; the amount to be amortized 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 amortized. Their carrying amounts are tested for impairment at least annually and whenever there is any indication of impairment. Goodwill is tested for impairment at the lowest level within the entity at which it is monitored for internal management purposes. When the carrying amount of the cash-generating unit, including goodwill allocated thereto, calculated considering any impairment loss of the non-current assets belonging to the cash-generating unit, exceeds its recoverable amount 12 , the excess is recognized 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 unit, up to the recoverable amount of assets with finite useful lives. An impairment loss recognized for goodwill is not reversed in a subsequent period 13 . Directly attributable customer acquisition costs are capitalized when the following conditions are met: (i) the capitalized costs can be measured reliably; (ii) there is a contract binding the customer for a specified period of time; and (iii) it is probable that the costs will be recovered through the revenues from the sales, or, where the customer withdraws from the contract in advance, through the collection of a penalty. Costs of technological development activities are capitalized 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 derecognized on disposal or when no future economic benefits are expected from its use or disposal; any arising gain or loss is recognized in the profit and loss account. 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, including compulsory stock, are measured at the lower of purchase or production cost and net realizable value. Net realizable value is the amount expected to be realized from the sale of inventories 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. 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 recognized under “Other assets” as “Deferred costs” as a contra to “Other payables” or, after the 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 realizable value, determined adopting the same criteria described for inventories. _________ (12) For the definition of recoverable amount see the accounting policy for “Property, plant and equipment”. (13) Impairment losses recognized in an interim period are not reversed also when, considering conditions existing in a subsequent interim period, they would have been recognized in a smaller amount or would not have been recognized. Financial instruments Current financial assets Cash and cash equivalents include cash on hand, demand deposits, as well as financial assets originally due within 90 days, readily convertible to known amount of cash and subject to an insignificant risk of changes in value. Available-for-sale financial assets include financial assets other than derivative financial instruments, loans and receivables, held for trading financial assets and held-to-maturity financial assets. Held-for-trading financial assets and available-for-sale financial assets are measured at fair value with gains or losses recognized in the line item of the profit and loss account “Finance income (expense)” and in the equity reserve 14 related to other comprehensive income, respectively. Changes in fair value of available-for-sale financial assets recognized in equity are charged to the profit and loss account when the assets are derecognized or impaired. The objective evidence that an impairment loss has occurred is verified considering, inter alia, significant breaches of contracts, serious financial difficulties or the risk of bankruptcy and other financial reorganization of the counterparty; impairment losses of available-for-sale financial assets are included in the carrying amount. Interests and dividends on financial assets measured at fair value are accounted for on an accrual basis in “Finance income (expense)” 15 and “Other gain (loss) from investments”, respectively. 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. Receivables are measured at amortized cost (see the accounting policy for “Non-current financial assets”). Non-current financial assets Investments Investments in equity instruments 16 are measured at fair value, with gains or losses recognized in the equity reserve related to other comprehensive income; the amounts recognized in equity are reclassified to the profit and loss account when the investment is impaired or derecognized. When investments do not have a quoted price in an active market and their fair value cannot be reliably measured, they are measured at cost, net of any impairment losses; impairment losses shall not be reversed 17 . Receivables and held-to-maturity financial assets Receivables and held-to-maturity financial assets are accounted for at cost, that is the fair value of the initial consideration plus directly attributable transaction costs (e.g. fees, transaction costs, etc.). The initial carrying amount is then adjusted to take into account principal repayments, plus or minus the cumulative amortization of any difference between the initial amount and the maturity amount and minus any reductions for impairment or uncollectibility. Amortization is carried out on the basis of the effective interest rate represented by the rate that equalizes, at the moment of the initial recognition, the present value of expected cash flows to the initial carrying amount (so-called “amortized cost method”). Receivables for finance leases are recognized at an amount equal to the present value of the lease payments and the purchase option price or any residual value; the amount is discounted at the interest rate implicit in the lease. ________ (14) Changes in the carrying amount of available-for-sale financial assets relating to changes in foreign exchange rates are recognized in the profit and loss account. (15) Interests accrued on held for trading financial assets impact the total fair value measurement of the instrument and are recognized, within the line item “Finance income (expense)”, in the sub-item “Net finance income on financial assets held for trading”. Conversely, interests accrued on financial assets available-for-sale are recognized, within the line item “Finance income (expense)”, in the sub-item “Finance income”. (16) For investments in joint ventures and associates, see “The equity method of accounting”. (17) Impairment losses recognized in an interim period are not reversed also when, considering conditions existing in a subsequent interim period, they would have been recognized in a smaller amount or would not have been recognized. If there is objective evidence that an impairment loss has been incurred (see also the accounting policy for “Current financial assets”), the impairment loss is measured as the difference between the carrying amount and the present value of the expected cash flows discounted at the effective interest rate computed at initial recognition, or at the moment of its updating to reflect re-pricings contractually established. Receivables and held-to-maturity financial assets are presented net of the allowance for impairment losses; when the impairment loss is definite, the allowance for impairment losses is reversed for charges, otherwise for excess. Changes to the carrying amount of receivables or financial assets in accordance with the amortized cost method are recognized as “Finance income (expense)”. Financial liabilities Financial liabilities, other than derivative financial instruments, are recognized initially at the fair value of the consideration received less the directly attributable transaction costs, and are subsequently measured at amortized cost (see above the accounting policy for “Non-current financial assets”). Derivative financial instruments Derivative financial instruments, including embedded derivatives (see below) that are separated from the host contract, are assets and liabilities measured at their fair value. Derivatives are designated as hedging instruments when the relationship between the derivative and the hedged item is formally documented and the hedge is regarded as highly effective and reviewed on an ongoing basis. When derivatives hedge the risk of changes in the fair value of the hedged item (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 account. 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 item (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 changes in the fair value of the derivatives, that are designated as effective hedging instruments, are initially recognized 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. The changes in the fair value of derivatives, that are not designated as effective hedging instruments, are recognized 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 recognized 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 recognized in the profit and loss account line item “Other operating (expense) income”. Embedded derivatives in hybrid instruments are separated from the host contract and accounted for as a derivative if the hybrid instruments are not measured at fair value with changes in fair value recognized in the profit and loss account and if the economic characteristics and risks of the embedded derivatives are not closely related to those of the host contracts. The entity 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 continue to be held for the purpose of their receipt or delivery in accordance with the Group’s expected purchase, sale or usage requirements are recognized on an accrual basis (the so-called normal sale and normal purchase exemption or own use exemption). Offsetting of financial assets and liabilities Financial assets and liabilities are set off in 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 realize the asset and settle the liability simultaneously). Derecognition of financial assets and liabilities Transferred financial assets are derecognized when the contractual rights to receive the cash flows from the financial assets are realized, expired or transferred. Financial liabilities are derecognized when they are extinguished, or when the obligation specified in the contract is discharged, cancelled or expired. Provisions, contingent liabilities and contingent assets A provision is a liability of uncertain timing or amount at the balance sheet date. Provisions are recognized 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 recognized as a provision is the best estimate of the expenditure required to settle the present obligation or to transfer it to third parties at the balance sheet date. The amount recognized for onerous contracts is the lower of the cost nece |
Financial statements
Financial statements | 12 Months Ended |
Dec. 31, 2017 | |
Financial Statements | |
Disclosure of general information about financial statements [text block] | 4 Financial statements 19 Assets and liabilities on the balance sheet are classified as current and non-current. Items on the profit and loss account are presented by nature 20 . Assets and liabilities are classified as current when: (i) they are expected to be realized/settled in the entity’s normal operating cycle or within twelve months after the balance sheet date; (ii) they are cash or cash equivalents unless they are restricted from being exchanged or used to settle a liability for at least twelve months after the balance sheet date; or (iii) they are held primarily for the purpose of trading. Derivative financial instruments held for trading are classified as current, apart from their maturity date. Non hedging derivative financial instruments, which are entered into to manage risk exposures but do not satisfy the formal requirements to be considered as hedging, and hedging derivative financial instruments are classified as current when they are expected to be realized/settled within twelve months after the balance sheet date; on the contrary they are classified as non-current. ________ (19) The financial statements are the same presented in the last Annual Report on Form 20-F; in the statement of cash flows, the tax cash flows, readily identifiable as attributed to a disposal transaction, are separately presented within the net cash used in investing activities. (20) Further information on financial instruments as classified in accordance with IFRS is provided in note 38 — Guarantees, commitments and risks — Other information about financial instruments. The statement of comprehensive income shows net profit integrated with income and expenses that are recognized directly in equity according to IFRS. The statement of changes in shareholders’ equity includes the total comprehensive income for the year, transactions with shareholders in their capacity as shareholders and other changes in shareholders’ equity. The statement of cash flows is presented using the indirect method, whereby net profit is adjusted for the effects of non-cash transactions. |
Changes in accounting policies
Changes in accounting policies | 12 Months Ended |
Dec. 31, 2017 | |
Changes In Accounting Policies | |
Disclosure of voluntary change in accounting policy [text block] | 5 Changes in accounting policies The adoption of the amended IFRSs effective from January 1, 2017, did not have a significant impact on the consolidated financial statements. |
Significant accounting estimate
Significant accounting estimates or judgments | 12 Months Ended |
Dec. 31, 2017 | |
Changes In Accounting Policies | |
Disclosure of accounting judgements and estimates [text block] | 6 Significant accounting estimates or judgments The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognized 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 or subjective judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant judgements 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 proved and proved developed reserves, impairment of fixed assets, intangible assets and goodwill, decommissioning and restoration liabilities, business combinations, employee benefits and recognition of environmental liabilities. Although the Company uses its best estimates and judgements, actual results could differ from the estimates and assumptions used. The accounting estimates and judgements relevant for the preparation of the Consolidated Financial Statement are described below. Oil and natural gas activities Engineering estimates of the Company’s oil&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&gas reserves can be categorized as “proved”, the accuracy of any reserve estimate depends on the quality of available data, the engineering and geological interpretation of such data and management’s judgment. 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 carried costs are reviewed on at least an annual basis to confirm the continued intent to develop, or otherwise to extract value from the discovery. Field reserves will be categorized as proved only when all the criteria for attribution of proved status have been met. Initially, all booked reserves are classified as proved undeveloped. Subsequently, volumes are reclassified from proved undeveloped to proved developed as a consequence of development activity. Generally, reserves are booked as proved developed when the first oil or gas is produced. Major development projects typically take one to four years from the time of initial booking to the start of production. Eni reassesses its estimate of proved reserves periodically. The estimated proved reserves of oil and natural gas may be subject to future revision. Upward or downward revision may be made to the initial booking of reserves due to production, reservoir performance, commercial factors, acquisition and divestment activity and additional reservoir development activity. In particular, changes in oil and natural gas prices could impact the amount of Eni’s proved reserves in regards to the initial estimate and, in the case of production sharing agreements and buy-back contracts, the share of production and reserves to which Eni is entitled. Accordingly, the estimated reserves could be materially different from the quantities of oil and natural gas that ultimately will be recovered. Oil and natural gas reserves have a direct impact on certain amounts reported in the Consolidated Financial Statements. Estimated proved reserves are used in determining depreciation and depletion charges and impairment charges. Depreciation and depletion rates of oil&gas assets using the UOP basis are determined from the ratio between the amount of hydrocarbons extracted in the quarter and proved developed reserves existing at the end of the quarter increased by the amounts extracted during the quarter. Assuming all other variables are held constant, an increase in estimated proved developed reserves for each field decreases depreciation and depletion charge. Conversely, a decrease in estimated proved developed reserves increases depreciation and depletion charge. Estimated proved reserves are affected, inter alia, by the trend of reference oil and gas commodity prices and by the specific legal agreement for the oil&gas activity. In addition, estimated proved reserves are used to calculate future cash flows from oil&gas properties, which are used to assess any impairment loss. The larger is the volume of estimated reserves, the lower is the likelihood of asset impairment. Impairment of assets Assets are impaired when there are events or changes in circumstances that indicate that carrying amounts of the assets are not recoverable. Such impairment indicators include changes in the Group’s business plans, changes in commodity prices leading to unprofitable performance, a reduced capacity utilization of plants and, for oil&gas properties, significant downward revisions of estimated proved reserve quantities or significant increase of the estimated development 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, the effects of inflation and technology improvements on operating expenses, production profiles and the outlook for demand and supply conditions on a global or regional scale. Similar remarks are valid for assessing the physical recoverability of assets recognized in 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, as well as for assessing the recoverability of deferred tax assets. The amount of an impairment loss is determined by comparing the carrying amount of an asset with its recoverable amount. Recoverable amount of an asset is the higher of an asset’s fair value less costs of disposal and its value in use. The estimate of an asset’s value in use is based on the present value of the future cash flows expected to be derived from continuing use of the asset and, if significant and reasonably determinable, the cash flows expected to be obtained from the disposal of the asset at the end of its useful life after deducting the costs of disposal. The expected future cash flows used for impairment analyses are based on judgemental assessments of future production volumes, prices and costs, considering available information at the date of review and are discounted by using a rate which considers the risks specific to the asset. For oil and natural gas properties, the expected future cash flows are estimated principally based on developed and undeveloped proved reserves including, among other elements, production taxes and the costs to be incurred for the reserves yet to be developed. The estimate of the future amount of production is based on assumptions related to the commodity future prices, lifting and development costs, field decline rates, market demand and other factors. The cash flows associated to oil&gas commodities are estimated on the basis of forward market information, if there is a sufficient liquidity and reliability level, on the consensus of independent specialized analysts and on management’s forecasts about the evolution of the supply and demand fundamentals. The discount rate reflects the current market valuation of the time value of money and of the specific risks of the asset not reflected in the estimate of the future cash flows. Goodwill and intangible assets with indefinite useful lives are not subject to amortization. The Company tests for impairment such assets on an annual basis and whenever there is any indication that they may be impaired. In particular, goodwill impairment is based on the lowest level (cash-generating unit) to which goodwill can be allocated on a reasonable and consistent basis. A cash-generating unit is the smallest aggregate on which the Company, directly or indirectly, evaluates the return on the capital expenditures. If the recoverable amount of a cash-generating unit, to which goodwill has been allocated, is less than its carrying amount, goodwill allocated to that cash-generating unit is impaired up to that difference; if the carrying amount of goodwill is lower than the amount of the impairment loss, the other assets of the cash-generating unit are impaired pro-rata on the basis of their carrying amounts for the residual difference, up to the recoverable amount of assets with finite useful lives. Decommissioning and restoration liabilities 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 judgements 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 complexity of these estimates is also due to the accounting that requires the initial recognition of the present value of the decommissioning and restoration liabilities as a part of the cost of property, plant and equipment. Then the carrying amount of decommissioning and restoration liabilities is adjusted to reflect the passage of time and any change in the estimates following the modification of amount and timing of future cash flows and discount rates adopted. The discount rate used to determine the provision is based on complex and subjective managerial judgements. Business combinations Accounting for business combinations requires the allocation of the purchase price to the identifiable assets and liabilities of the acquired business generally at their fair values. Any positive residual difference is recognized as goodwill. Any negative residual difference is recognized in 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 recognized at the acquisition date are 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. Management uses all available information to make these fair value measurements and, for major business combinations, engages independent external advisors; the purchase price allocation, that requires, also in consideration of the available information, management to make complex judgements, is also relevant for the application of the equity method. Environmental liabilities As other oil&gas companies, Eni is subject to numerous EU, national, regional and local environmental laws and regulations concerning its oil&gas operations, production and other activities. They include legislations that implement international conventions or protocols. Environmental provisions are recognized when it becomes probable that a liability will be incurred and the liability can be reliably estimated. Management, considering the actions already taken, insurance policies obtained to cover environmental risks and provision for risks accrued, 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. 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 reflect the rates at which benefits could be effectively settled, taking into account the duration of the obligation. Indicators used in selecting the discount rate include 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). The inflation rates reflect market conditions observed 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 utilization and changes in health status of the participants; 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 re-measurements, 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. Re-measurements are recognized within statement of comprehensive income for defined benefit plans and within the profit and loss account for long-term plans. Similarly to the approach followed for the fair value measurement of financial instruments, the fair value of the shares underlying the incentive plan is measured by using complex valuation techniques and identifying, through structured and/or subjective judgements, the assumptions to be adopted. Other provisions In addition to liabilities related to environmental, decommissioning and restoration liabilities and employee benefits, Eni recognizes provisions primarily related to legal, trade and tax proceedings. These provisions are estimated on the basis of managerial judgements related to the amounts to recognize and the timing of future cash outflows. After the initial recognition, provisions are periodically reviewed and adjusted to reflect the current best estimate. Revenues and receivables Revenues from the sale of electricity and gas to retail customers include amount accrued for electricity and gas supplied between the date of the last (actual or estimated) meter reading invoiced 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 they rely on other factors, considered by management, which can impact on them. Therefore accrued revenues derive from complex estimates based on distributed and allocated volumes, communicated by third parties; these revenues may be adjusted, according to the applicable regulations, within the fifth year subsequent the one in which they were accrued. Complex and/or subjective judgments are required in assessing the recoverability of overdue receivables and determining whether an allowance against those receivables is required. Factors considered include, among others, the credit rating of the counterparty (if available), the amount and timing of anticipated future payments, any collateral held as a security and other credit enhancements, as well as any possible actions that can be taken to mitigate the risk of non-payment. |
IFRSs not yet adopted
IFRSs not yet adopted | 12 Months Ended |
Dec. 31, 2017 | |
Ifrss Not Yet Adopted | |
Disclosure of expected impact of initial application of new standards or interpretations [text block] | 7 IFRSs not yet adopted On May 28, 2014, the IASB issued IFRS 15 “Revenue from Contracts with Customers” (hereinafter IFRS 15), which sets out the requirements for recognizing and measuring revenue arising from contracts with customers, including construction contracts. In particular, IFRS 15 requires that, to recognize revenue, an entity shall apply 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 promised in the contract; and (v) recognizing revenue when a performance obligation is satisfied. Moreover, IFRS 15 includes more disclosure requirements about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. IFRS 15 shall be applied for annual reporting periods beginning on or after January 1, 2018. Furthermore, on April 12, 2016, the IASB issued the document “Clarifications to IFRS 15 Revenue from Contracts with Customers”, which provides clarifications to support implementation of the new standard. The clarifications to IFRS 15 shall be applied for annual reporting periods beginning on or after January 1, 2018. In 2017, the Group completed the analytical activities aimed to identify the areas affected by the adoption of IFRS 15 and assess the related impacts on the financial statements. In particular, as already indicated in the interim consolidated report, the affected areas relate essentially to: (i) in the Exploration & Production segment, the accounting for agreements with partners within oil & gas operations, due to the fact that they do not meet the definition of a customer. In particular, the case concerns the accounting for amounts of production lifted by a partner within oil & gas operations different from its proportionate entitlement (the so called lifting imbalances), by recognizing revenues on the basis of the quantities actually sold (the so called sales method) instead of the entitled quantities (the so called entitlement method). The adoption of the sales method results in recognizing revenues and related expenses on the basis of the quantities actually lifted and sold; (ii) in the Gas & Power segment, the capitalization of the costs of obtaining contracts with customers, if the entity expects to recover them, and their amortization over the expected duration of the contract. On initial application of the new IFRS, Eni intends to use the cumulative effect method under which the cumulative effect of applying the new standard at the beginning of the year of initial application is recognized as an adjustment to the opening balance of equity at January 1, 2018, considering only contracts not completed at January 1, 2018, and without restating the comparative reporting periods. In particular, based on information available and considering the above-mentioned cases, the effect of the adoption of IFRS 15, net of tax, is represented by a decrease in equity of €43 million arising from the adjustment, according to the sales method, of the underlifting imbalances existing at the end of the 2017 reporting period (€103 million), partially offset by a positive change of €60 million arising from the capitalization of the costs of obtaining contracts with customers, net of their amortization. Moreover, in terms of presentation in the financial statements, the adoption of IFRS 15 involves limited reclassifications of revenue to other line items of the profit and loss account without impacting operating result, net result and equity. On July 24, 2014, the IASB completed its project to replace IAS 39 by issuing the final version of IFRS 9 “Financial Instruments” (hereinafter IFRS 9). In particular, IFRS 9: (i) changes the classification and measurement approach for financial assets, basing it on the characteristics of the financial instrument and on the business model adopted by the entity for managing it; (ii) introduces a new impairment model for financial assets, which considers the expected credit losses; and (iii) includes an improved hedge accounting model. IFRS 9 shall be applied for annual reporting periods beginning on or after January 1, 2018. The accounting areas affected by the new standard relate essentially to: (i) the adoption of the expected credit loss model for impairment of financial assets, which involves the recognition of the expected loss on financial assets, taking into account a forward-looking approach based on the probability of default of the counterparty and the loss given default; and (ii) the fair value measurement of investments in equity instruments, when the cost is not an appropriate estimate of the fair value. In particular, in 2017, the Group completed the activities aimed to define and implement the expected credit loss model for the impairment of financial assets, which essentially requires: (i) the adoption of internal credit rating, already used for credit worthiness, to determine probability of default of counterparties; for government entities (e.g. National Oil Companies), the probability of default, represented essentially by probability of a delayed payment, is determined by using, as input data, the country risk premium adopted to determine WACC for impairment of non-financial assets; (ii) the identification of the exposure to be considered, having regard to any credit enhancements (e.g.collaterals, guarantees, insurance contracts, countervailable payables, etc.); (iii) for retail customers, not characterized by internal credit rating, the implementation of a simplified approach based on a provision matrix aimed to categorize customers by homogeneous risk characteristics; (iv) the estimate of loss given default, considering the previous experiences and the range of recovery tools that can be activated (e.g. extrajudicial and/or legal proceedings, etc.) 21 . With reference to investments in equity instruments, IFRS 9 requires their fair value measurement, while allowing their measurement at cost only when the cost can be considered an appropriate estimate of the fair value. Eni will elect to present in other comprehensive income the changes in the fair value of its investments in equity instruments, while recognizing in profit and loss account dividends from these investments; these changes in fair value are not reclassified to profit and loss account 22 . On initial application of the new IFRS, considering the complexity of the restatement at the beginning of the first comparative period without the use of hindsight, the impacts of the new classification and measurement requirements, including impairment of financial assets, will be recognized as an adjustment to the opening balance of equity at January 1, 2018; with reference to hedge accounting, the adoption of the new requirements will not have significant impacts. In particular, based on information available and considering the above-mentioned cases, the effect of the adoption of IFRS 9, net of tax, is represented by an increase of equity for €322 million arising from the fair value measurement of investments in equity instruments (€678 million); offset by the additional impairment losses (€356 million) of financial assets recognized under the expected credit loss model. On January 13, 2016, the IASB issued IFRS 16 “Leases” (hereinafter IFRS 16), which replaces IAS 17 and related interpretations. In particular, IFRS 16 defines a lease as a contract that conveys to the lessee the right to control the use of an identified asset for a period of time in exchange for consideration. The new IFRS eliminates the classification of leases as either operating leases or finance leases for the preparation of lessees’ financial statements; for all leases with a term of more than 12 months, the lessee shall recognize an asset, as the right-of-use, and a liability, as the present value of the lease payments. Conversely, a lessor continues to classify its leases as operating leases or finance leases. IFRS 16 enhances disclosures both for lessees and for lessors. IFRS 16 shall be applied for annual reporting periods beginning on or after January 1, 2019. Eni is currently analyzing the new requirements also in order to determine the impacts on the Group’s financial statements. On December 8, 2016, the IASB issued the IFRIC Interpretation 22 “Foreign Currency Transactions and Advance Consideration” (hereinafter IFRIC 22), which sets out that the exchange rate to use on initial recognition of an asset, expense or income related to an advance consideration, previously paid or received in a foreign currency, is the rate used at the date of initial recognition of the non-monetary asset or non-monetary liability arising from the payment or receipt of that advance consideration. The IFRIC 22 shall be applied for annual reporting periods beginning on or after January 1, 2018. 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. IFRS 17, which replaces IFRS 4 “Insurance Contracts”, shall be applied for annual reporting periods beginning on or after January 1, 2021. _____________ (21) For exposures arising from intragroup transactions, the recovery rate is assumed to be 100% in consideration of the possibility of providing for capital contribution to the investees in order to guarantee their solvency. (22) Alternatively, IFRS 9 permits to present in profit and loss account the changes in fair value of investments in equity instruments; the election about the presentation of these fair value changes is made on an instrument-by-instrument basis. On June 7, 2017, the IASB issued IFRIC 23 “Uncertainty over Income Tax Treatments” (hereinafter IFRIC 23), which clarifies the accounting for (current and/or deferred) tax assets and liabilities when there is uncertainty over income tax treatments. IFRIC 23 shall be applied for annual reporting periods beginning on or after January 1, 2019. On October 12, 2017, the IASB issued the amendments to IAS 28 “Long-term Interests in Associates and Joint Ventures” (hereinafter the amendments to IAS 28), which clarify that entities account for long-term interests in an associate or joint venture, that, in substance, form part of the entity’s net investment in the investee and for which settlement is neither planned nor likely to occur in the foreseeable future, using the provisions of IFRS 9, including those related to impairment. The amendments to IAS 28 shall be applied for annual reporting periods beginning on or after January 1, 2019. On February 7, 2018, the IASB issued the amendments to IAS 19 “Plan Amendment, Curtailment or Settlement” (hereinafter the amendments to IAS 19), which require to use updated actuarial assumptions to determine current service cost and net interest, when an amendment, curtailment or settlement to an existing defined benefit pension plan takes place, for the remainder reporting period after the change of the plan. The amendments to IAS 19 shall be applied for annual reporting periods beginning on or after January 1, 2019. On December 8, 2016, the IASB issued the document “Annual Improvements to IFRS Standards 2014 – 2016 Cycle”, which includes, basically, technical and editorial changes to existing standards. The amendments to the standards shall be applied for annual reporting periods beginning on or after January 1, 2018 23 . On December 12, 2017, the IASB issued the document “Annual Improvements to IFRS Standards 2015 – 2017 Cycle”, which includes, basically, technical and editorial changes to existing standards. The amendments to the standards shall be applied for annual reporting periods beginning on or after January 1, 2019. Eni is currently reviewing these new IFRSs (other than IFRS 9 and 15) to determine the likely impact on the Group’s financial statements. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Cash And Cash Equivalents [Abstract] | |
Disclosure of cash and cash equivalents [text block] | 8 Cash and cash equivalents Cash and cash equivalents of €7,363 million (€5,674 million at December 31, 2016) included financial assets with maturity of up to three months at the date of inception amounting to €5,591 million (€4,379 million at December 31, 2016) and mainly included short-term deposits with financial institutions having notice of more than 48 hours. The average maturity of financial assets due within 90 days was 7 days and the average interest rate was negative and amounted to 0.03% (negative 0.01% at December 31, 2016). |
Financial assets held for tradi
Financial assets held for trading | 12 Months Ended |
Dec. 31, 2017 | |
Financial Assets Held For Trading | |
Disclosure of financial assets held for trading [text block] | 9 Financial assets held for trading (€ million) December 31, 2017 December 31, 2016 Quoted bonds issued by sovereign states 1,022 996 Other 4,990 5,170 6,012 6,166 Financial assets held for trading of €6,012 million (€6,166 million at December 31, 2016) related to Eni SpA for €5,793 million (€6,062 million at December 31, 2016) and to Eni Insurance DAC for €219 million (€104 million at December 31, 2016). _____________ (23) The clarification of the scope of the IFRS 12 “Disclosure of Interests in Other Entities” has been applied from January 1, 2017. 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 financial optimization of returns, within a predefined and authorized level of risk tolerance, targeting the preservation of the invested capital and the ability to promptly convert it into cash. Financial assets held for trading of Eni SpA include securities subject to lending agreements of €845 million (€665 million at December 31, 2016). The breakdown by currency is provided below: (€ million) December 31, 2017 December 31, 2016 Euro 4,232 4,319 U.S. dollar 1,025 699 Swiss franc 461 413 British pound 198 632 Australian dollar 79 51 Canadian dollar 17 52 6,012 6,166 The breakdown by issuing entity and credit rating is presented below: Nominal value (€ million) Fair Value (€ million) Rating – Moody’s Rating – S&P Quoted bonds issued by sovereign states Fixed rate bonds Italy 478 477 Baa2 BBB Poland 53 52 A2 BBB+ United States of America 53 45 Aaa AA+ Spain 45 41 Baa2 BBB+ Slovenia 33 34 Baa1 A+ Japan 25 21 A1 A+ Ireland 10 10 A2 A+ Canada 11 9 Aaa AAA Chile 8 9 Aa3 A+ Slovakia 5 4 A2 A+ Sweden 4 4 Aaa AAA Netherlands 2 2 Aaa AAA South Korea 1 1 Aa2 AA 728 709 Floating rate bonds Italy 300 304 Baa2 BBB Belgium 7 7 Aa3 AA United States of America 2 2 Aaa AA+ 309 313 Total quoted bonds issued by sovereign states 1,037 1,022 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 2,036 1,922 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by financial and insurance companies 1,437 1,409 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by supranational institutions 28 25 from Aaa to Aa3 from AAA to AA- 3,501 3,356 Floating rate bonds Quoted bonds issued by financial and insurance companies 840 842 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by industrial companies 789 754 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by supranational institutions 45 38 from Aaa to Aa3 from AAA to AA- 1,674 1,634 Total other bonds 5,175 4,990 Total other financial assets held for trading 6,212 6,012 The fair value hierarchy is level 1 for €5,140 million and level 2 for €872 million. During 2017, there were no transfers between the different hierarchy levels of fair value. |
Financial assets available for
Financial assets available for sale | 12 Months Ended |
Dec. 31, 2017 | |
Financial Assets Available For Sale | |
Disclosure of available-for-sale financial assets [text block] | 10 Financial assets available for sale (€ million) December 31, 2017 December 31, 2016 Securities held for non-operating purposes Quoted bonds issued by sovereign states 190 210 Quoted securities issued by financial institutions 17 28 207 238 The breakdown by currency is provided below: (€ million) December 31, 2017 December 31, 2016 Euro 176 199 U.S. Dollar 31 39 207 238 At December 31, 2017, bonds issued by sovereign states amounted to €190 million (€210 million at December 31, 2016). The breakdown is presented below: Nominal value (€ million) Fair Value (€ million) Nominal rate of return (%) Maturity date Rating – Moody’s Rating – S&P Fixed rate bonds Belgium 27 30 from 3.75 to 4.25 from 2019 to 2021 Aa3 AA Spain 25 27 from 1.40 to 5.50 from 2018 to 2021 Baa2 BBB+ France 17 19 from 1.00 to 3.25 from 2018 to 2023 Aa2 AA Poland 15 18 from 4.50 to 6.38 from 2019 to 2022 A2 BBB+ Ireland 17 18 from 0.80 to 4.50 from 2019 to 2022 A2 A+ Iceland 14 15 from 2.50 to 5.88 from 2020 to 2022 A3 A Italy 14 15 from 0,65 to 3,50 from 2018 to 2020 Baa2 BBB Portugal 7 8 4.75 2019 Ba1 BBB- Czech Republic 7 8 3.63 2021 A1 AA- Slovenia 8 8 2.25 2022 Baa1 A+ Slovakia 7 7 1.50 2018 A2 A+ United States of America 6 6 from 1.25 to 3.13 from 2019 to 2020 Aaa AA+ Canada 5 5 1.63 2019 Aaa AAA Finland 5 5 1.75 2019 Aa1 AA+ Netherlands 1 1 4.00 2018 Aaa AAA Total 175 190 Quoted securities amounting to €17 million (€28 million at December 31, 2016) were issued by financial institutions with a rating from Aaa to Aa1 (Moody’s) and from AAA to AA+ (S&P). The Group’s insurance company Eni Insurance DAC held securities of €207 million at the balance sheet date (€238 million at December 31, 2016). From 2016, European insurance companies have been waived from retaining certain amounts of financial assets to fund the loss provisions based on new capital and solvency requirements enacted by the EU Solvency II Directive. Therefore, those securities are no longer held for operating purposes and are part of the Group liquidity reserve. The effects of fair value measurement of securities are set out below: (€ million) Fair value Deferred tax liabilities Other reserves of shareholders' equity Carrying amount at December 31, 2016 5 (1 ) 4 Changes recognized in equity (5 ) 1 (4 ) Carrying amount at December 31, 2017 The fair value was determined based on market quotations. The fair value hierarchy is level 1. |
Trade and other receivables
Trade and other receivables | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Trade And Other Receivables [Abstract] | |
Disclosure of trade and other receivables [text block] | 11 Trade and other receivables (€ million) December 31, 2017 December 31, 2016 Trade receivables 10,182 11,186 Financing receivables - for operating purposes – short-term 84 86 - for operating purposes – current portion of long-term receivables 23 72 - for non-operating purposes 209 385 316 543 Other receivables - from disposals 597 171 - other 4,642 5,693 5,239 5,864 15,737 17,593 Trade receivables decreased by €1,004 million, of which €706 million related to the Gas & Power segment. At December 31, 2017, Eni sold without recourse trade receivables due in 2018 for €2,051 million (€1,769 million at December 31, 2016 due in 2017). Derecognized receivables related to the Gas & Power segment for €1,722 million and to the Refining & Marketing and Chemical segment for €329 million (€1,434 million e €335 million at December 31, 2016, respectively). Receivables are stated net of the valuation allowance for doubtful accounts of €2,729 million (€2,371 million at December 31, 2016): (€ million) Trade receivables Financing receivables Other receivables Total Carrying amount at December 31, 2016 1,817 68 486 2,371 Additions 539 31 388 927 Deductions (448 ) (1 ) (6 ) (455 ) Other changes (60 ) (8 ) (77 ) (114 ) Carrying amount at December 31, 2017 1,848 90 791 2,729 Additions to the allowance for doubtful accounts amounted to €539 million (€503 million in 2016) and related essentially to: (i) the Gas & Power segment for €446 million, particularly in the retail business. Eni adopted mitigation measures regarding the counterparty risk leveraging on specific actions of credit recovery and specialized external services; (ii) the Exploration& Production segment for €55 million and include impairments of trade receivables towards Venezuelan counterparties for €19 million. Deductions amounting to €448 million (€607 million in 2016) related to the Gas & Power segment for €400 million and related to the recognition of losses on doubtful accounts in the retail business. The aging of trade and other receivables is presented below: December 31, 2017 December 31, 2016 (€ million) Trade receivables Other receivables Trade receivables Other receivables Neither impaired nor past due 8,800 4,604 9,243 4,869 Impaired (net of the valuation for doubtful accounts) 567 31 759 432 Not impaired and past due in the following periods: - within 90 days 478 21 744 58 - 3 to 6 months 46 9 49 81 - 6 to 12 months 147 202 69 249 - over 12 months 144 372 322 175 815 604 1,184 563 10,182 5,239 11,186 5,864 The Group has not booked any counterparty loss on certain trade and other receivables which were overdue at the balance sheet date, because they pertained to highly-rated Italian and foreign public administrations, to other highly-reliable counterparties for supplies of oil, natural gas, refined and chemical products and to retail customers of the Gas & Power segment overdue by less than 90 days. Trade receivables of the Exploration & Production segment outstanding at December 31, 2017 amounted to €1,323 million (€1,764 million at December 31, 2016) and included receivables of €438 million (€611 million at December 31, 2016) in connection with supplies of equity hydrocarbons to State-owned oil companies in Egypt. The overdue amount of €420 million ($443 million) outstanding as of 31 December 2016 was completely collected during 2017 through the implementation of commercial and industrial agreements with the counterparties which dated back to 2015 when the Company started its actions to address the issue of overdue trade receivables in Egypt. Furthermore, the amount included receivables due by State-owned companies in Iran. The overdue amount of €264 million outstanding as of 31 December 2016 was completely collected in 2017 through the implementation of a Settlement Agreement signed in 2015. Under the terms of the agreement, an Eni’s subsidiary imported and traded volumes of crude oil owned by the Iranian state companies, attributing Eni a rate of the proceeds of each deal. Trade receivables in currencies other than euro amounted to €2,942 million (€3,629 million at December 31, 2016). Financing receivables not associated with operating activities amounted to €209 million (€385 million at December 31, 2016) and related to: (i) deposits of Eni Insurance DAC for €127 million (€225 million at December 31, 2016); (ii) restricted deposits in escrow for €68 million of Eni Trading & Shipping SpA (€137 million at December 31, 2016) of which €39 million with BNP Paribas and €29 million with third counterparties. Financing receivables in currencies other than euro amounted to €82 million (€121 million at December 31, 2016). Other receivables net of allowances for doubtful account were as follows: (€ million) December 31, 2017 December 31, 2016 Receivables originated from divestments 597 171 Accounts receivable from - joint venture partners in exploration and production 3,369 4,111 - prepayments for services 261 372 - insurance companies 157 147 - non-financial government entities 2 49 - factoring arrangements 28 81 - non-Italian oil entities for oil tax refunds 32 40 - other receivables 793 893 4,642 5,693 5,239 5,864 Receivables from divestments amounted to €597 million (€171 million at December 31, 2016) and related: (i) for €153 million (€166 million at December 31, 2016) to the third and last instalment of a receivable on the divestment of a 1.71% interest in the Kashagan project to the local partner KazMunayGas based on the agreements defined between the international partners of the North Caspian Sea PSA and the Kazakh government, which enacted a new contractual framework for managing project operations. The repayment scheme of the receivable was triggered by achievement of the agreed target production level of the Kashagan field that was reached in 2016; (ii) the current portion of the deferred consideration of the divestment of the two interests of respectively 10% and 30% in the Zohr project in Egypt for an overall amount of €442 million ($530 million). The recovery of the receivable is expected by May and June 2018. The non-current portion is provided in note 23 — Other non-current assets. Other receivables of €4,642 million (€5,693 million at December 31, 2016) included €3,369 million (€4,111 million at December 31, 2016) of receivables owed by Eni’s partners in unincorporated joint ventures that are currently executing exploration and production projects. The largest outstanding amount as of December 31, 2017 related to local partners in Nigeria (€1,507 million) and among these, in particular: (a) receivables for the cash calls due by the Nigerian national oil company NNPC for €713 million (€716 million at December 31, 2016). Changes from the previous year related to receivables accrued during the year for €484 million and collections of €398 million, of which €350 million related to receivables accrued during the year. The closing balance included overdue receivables of €646 million ($775 million) relating to the cash calls due by the State oil Company in projects operated by Eni subject to a repayment agreement. Under the terms of the agreement, the overdue amounts will be reimbursed to Eni through the sale of the production entitlement pertaining to the State Company derived from development projects with low risk profile (rigless). Based on Eni’s Brent price scenario, the reimbursement will be accomplished over a time horizon of three to five years. Consequently, these overdue receivables of €570 million ($684 million) are stated in the balance sheet net of discount factor; (b) a receivable related to contractual recovery of costs incurred for an operated oil project under arbitration procedure of €153 million. The opening balance of €382 million included another receivable related to a non-operated oil project that has been completely written down in 2017 for €214 million. The assumptions for the recovery of the outstanding receivable through a commercial agreement are confirmed. Additions to the allowance for doubtful accounts of other receivables of €388 million mainly related to the Exploration & Production segment for €375 million and were mainly taken in connection with the receivables described in the paragraph above and towards the State owned Venezuelan company PDVSA. Other receivables in currencies other than euro amounted to €4,799 million (€5,253 million at December 31, 2016). Because of the short-term maturity and conditions of remuneration of trade and other receivables, the fair value approximated the carrying amount. Receivables with related parties are described in note 47 — Transactions with related parties. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2017 | |
Inventories | |
Disclosure of inventories [text block] | 12 Inventories December 31, 2017 December 31, 2016 (€ million) Crude oil, gas and petroleum products Chemical products Other Total Crude oil, gas and petroleum products Chemical products Other Total Raw and auxiliary materials and consumables 785 140 1,640 2,565 550 135 1,903 2,588 Products being processed and semi-finished products 133 7 140 99 9 1 109 Work in progress 1 1 2 2 Finished products and goods 1,287 489 83 1,859 1,394 389 86 1,869 Certificates and emission rights 56 56 69 69 2,205 636 1,780 4,621 2,043 533 2,061 4,637 Other inventories of raw and auxiliary materials and consumables of €1,640 million (€1,903 million at December 31, 2016) related to the Exploration & Production segment for €1,441 million (€1,699 million at December 31, 2016) and primarily comprised materials relating to perforation activities and the maintenance of infrastructures and facilities. Certificates and emission rights of €56 million (€69 million at December 31, 2016) are measured at the fair value determined based on market quotations. The fair value hierarchy is level 1. Inventories of €86 million (€82 million at December 31, 2016) were pledged to guarantee the estimated imbalance in volumes input to/off-taken from the national gas network operated by Snam Rete Gas SpA. Changes in inventories and in the loss provision were as follows: 2017 2016 (€ million) Gross carrying amount Loss provision Net carrying amount Gross carrying amount Loss provision Net carrying amount Carrying amount at the beginning of the year 4,892 (255 ) 4,637 4,887 (308 ) 4,579 Changes 314 314 (29 ) (29 ) New or increased provisions (81 ) (81 ) (125 ) (125 ) Deductions 18 18 163 163 Currency translation differences (254 ) 22 (232 ) 61 (5 ) 56 Other changes (86 ) 51 (35 ) (27 ) 20 (7 ) Carrying amount at the end of the year 4,866 (245 ) 4,621 4,892 (255 ) 4,637 Changes of the period amounting to €314 million related to the business lines Refining & Marketing for €192 million and Chemical for €129 million. Loss provision of €245 million related to the Exploration & Production segment for €191 million. |
Current tax assets
Current tax assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Current Tax Assets [Abstract] | |
Disclosure of current tax assets [text block] | 13 Current tax assets (€ million) December 31, 2017 December 31, 2016 Italian subsidiaries 99 134 Subsidiaries outside Italy 92 249 191 383 Income taxes are described in note 43 — Income tax expense. |
Other current tax assets
Other current tax assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Current Tax Assets [Abstract] | |
Disclosure of other current tax assets [text block] | 14 Other current tax assets (€ million) December 31, 2017 December 31, 2016 VAT 452 447 Excise and customs duties 217 161 Other taxes and duties 60 81 729 689 |
Other current assets
Other current assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Current Assets [Abstract] | |
Disclosure of other current assets [text block] | 15 Other current assets (€ million) December 31, 2017 December 31, 2016 Fair value of derivative financial instruments 1,231 2,248 Other current assets 342 343 1,573 2,591 The fair value related to derivative financial instruments is disclosed in note 34 — Derivative financial instruments. Other assets amounting to €342 million (€343 million at December 31, 2016) included gas volumes prepayments of €63 million that were made in previous reporting periods due to the take-or-pay obligations in the Company’s long-term supply contracts, as the Company is forecasting to make-up the underlying gas volumes in the next 12 months (€90 million at December 31, 2016). The non-current portion is indicated in note 23 — Other non-current assets. Transactions with related parties are described in note 47 — Transactions with related parties. |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2017 | |
Property Plant And Equipment | |
Disclosure of property, plant and equipment [text block] | 16 Property, plant and equipment (€ million) Land Buildings Plant and machinery Industrial and commercial equipment Other assets Tangible assets in progress and advances Total 2017 Net book amount at the beginning of the year 448 810 50,270 300 309 18,656 70,793 Additions 2 20 153 27 52 8,236 8,490 Depreciation (71 ) (6,996 ) (63 ) (69 ) (7,199 ) Net (impairments) reversals (5 ) (5 ) 436 (1 ) (5 ) (213 ) 207 Disposals (12 ) (3 ) 3 (6 ) (1,430 ) (1,448 ) Write-off (3 ) (2 ) (234 ) (239 ) Currency translation differences (2 ) (3 ) (5,272 ) (8 ) (18 ) (1,722 ) (7,025 ) Other changes 47 87 10,571 (17 ) (2 ) (11,107 ) (421 ) Net book amount at the end of the year 478 835 49,162 236 261 12,186 63,158 Gross book amount at the end of the year 571 3,490 160,751 1,264 1,954 15,747 183,777 Provisions for depreciation and impairments 93 2,655 111,589 1,028 1,693 3,561 120,619 2016 Net book amount at the beginning of the year 510 818 40,667 326 403 25,281 68,005 Additions 1 22 204 32 42 8,766 9,067 Depreciation (66 ) (7,087 ) (66 ) (89 ) (7,308 ) Net (impairments) reversals (64 ) (3 ) 345 (1 ) (17 ) (174 ) 86 Write-off (198 ) (2 ) (89 ) (289 ) Currency translation differences 1 1 1,329 4 551 1,886 Reclassification to assets held for sale (8 ) (2 ) (1 ) (11 ) Other changes 8 40 15,011 11 (34 ) (15,679 ) (643 ) Net book amount at the end of the year 448 810 50,270 300 309 18,656 70,793 Gross book amount at the end of the year 537 3,416 167,007 1,415 2,160 22,737 197,272 Provisions for depreciation and impairments 89 2,606 116,737 1,115 1,851 4,081 126,479 A breakdown by segment of capital expenditures is provided below: (€ million) 2017 2016 Capital expenditures Exploration & Production 7,638 8,217 Gas & Power 87 66 Refining & Marketing and Chemical 712 655 Corporate and other activities 69 42 Elimination of intragroup profits (16 ) 87 8,490 9,067 Capital expenditures included capitalized finance expenses of €72 million (€105 million in 2016) related to the Exploration & Production segment (€56 million). The interest rates used for capitalizing finance expense ranged from 1.6% to 2.7% (2.7% to 5.3% at December 31, 2016). 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 2 - 17 Gas pipelines and compression stations 2 - 12 Power plants 5 Other plant and machinery 6 - 12 Industrial and commercial equipment 5 - 25 Other assets 10 - 20 The criteria adopted by Eni for determining net (impairments) reversals is reported in note 19 — Impairment/reversal of tangible and intangible assets. Disposals of €1,448 million included the disposal of a 40% interest in the Zohr asset in Egypt for €1,328 million to BP (10%) and Rosneft (30%) with a gain of € 1,281 million. The deferred consideration amounted to €553 million ($663 million), of which €442 million ($530 million) will be collected by June 2018 (Notes 11 — Trade and other receivables and note 23 — Other non-current assets). Write-off of €239 million (€289 million in 2016) related for €237 million to the Exploration & Production (€93 million in 2016), of which €217 million relating to suspended exploration wells that did not encountered enough quantities of commercial hydrocarbons to justify their completion as productive wells in particular in Egypt, Norway and Ivory Coast. The amount of €7,025 million relates to currency translations from U.S. dollar for €6,533 million. Other negative changes of €421 million included the net effect of the divestment to ExxonMobil of a 35.7% interest in the joint operation Mozambique Rovuma Venture SpA (former Eni East Africa SpA), concessionaire of the Area 4 offshore Mozambique where development is underway, for €648 million. This effect was partially offset by an increase in capitalized asset retirement costs in the Exploration & Production segment amounting to €355 million (€665 million at December 31, 2016) mainly due to a decrease in the discount rate curve, especially for the U.S. dollar, to the recognition of new retirement obligations and the revision of cost estimates. Property, plant and equipment include costs related to exploration activities and appraisal and tangible assets in progress and advances of the Exploration & Production segment: (€ million) Exploratory wells in progress Exploratory wells completed and being evaluated Exploratory successful wells in progress Exploration activity and appraisal Unproved mineral interest Wells and installments in progress Abandonment costs Other tangible assets in progress Total 2017 Book amount at the beginning of the year 221 1,684 913 2,818 2,450 11,690 82 14,222 17,040 Additions 351 351 112 7,190 7,302 7,653 Net (impairments) reversals (13 ) (13 ) 147 (111 ) 36 23 Write-off (11 ) (217 ) (228 ) (2 ) (2 ) (230 ) Reclassifications (438 ) 173 (117 ) (382 ) (7 ) (9,538 ) (11 ) (9,556 ) (9,938 ) Other changes and currency translation differences (15 ) (377 ) (294 ) (686 ) (312 ) (2,676 ) (34 ) (3,022 ) (3,708 ) Book amount at the end of the year 108 1,263 489 1,860 2,390 6,553 37 8,980 10,840 2016 Book amount at the beginning of the year 93 1,737 807 2,637 2,212 19,458 21,670 24,307 Additions 402 402 2 7,777 7,779 8,181 Net (impairments) reversals (5 ) (5 ) 190 (210 ) (20 ) (25 ) Write-off (109 ) (109 ) (6 ) 27 21 (88 ) Reclassifications (282 ) 6 78 (198 ) (35 ) (15,699 ) (15,734 ) (15,932 ) Other changes and currency translation differences 8 50 33 91 81 370 55 506 597 Book amount at the end of the year 221 1,684 913 2,818 2,450 11,690 82 14,222 17,040 Reclassifications of €9,938 million mainly related to: (i) development wells and plants in progress for €9,538 million; (ii) exploratory successful wells for €382 million following the production start-up of the underlying projects during 2017 in Angola, Ghana, Indonesia and Egypt. Changes in exploration and appraisal activities comprised: (i) reclassifications of €438 million of exploratory wells in progress to completed exploration wells that are suspended pending final determination; (ii) write-offs of €228 million related to unsuccessful exploration wells. The following information relates to the stratification of the suspended wells pending final determination (aging): (€ million) 2017 2016 2015 Costs for exploratory wells suspended at the beginning of the period 1,684 1,737 1,568 Increases for which is ongoing the determination of proved reserves 451 282 550 Amounts previously capitalized and expensed in the period (217 ) (109 ) (501 ) Reclassification to successful exploratory wells following the estimation of proved reserves (278 ) (276 ) (30 ) Disposals (199 ) (4 ) Currency translation differences (178 ) 50 154 Costs for exploratory wells suspended at the end of the period 1,263 1,684 1,737 2017 2016 2015 (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) Costs capitalized and suspended for exploratory well activity - within 1 year 222 7.95 16 1.05 368 5.32 - between 1 and 3 years 241 3.87 609 10.25 634 11.14 - beyond 3 years 800 21.44 1,059 21.55 735 18.97 1,263 33.26 1,684 32.85 1,737 35.43 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 148 5.88 9 0.55 368 5.32 - fields for which the delineation campaign is in progress 261 4.69 251 3.51 228 4.13 - fields including commercial discoveries that proceeds to sanctioning 854 22.69 1,424 28.79 1,141 25.98 1,263 33.26 1,684 32.85 1,737 35.43 Unproved mineral interests include costs allocated to unproved reserves following business combinations or costs incurred to acquire individual properties. Unproved mineral interests were as follows: (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt Total 2017 Book amount at the beginning of the year 1,254 938 138 113 7 2,450 Additions 112 112 Net (impairments) reversals 72 75 147 Reclassification to proved mineral interest (7 ) (7 ) Other changes and currency translation differences (157 ) (113 ) (21 ) (14 ) (7 ) (312 ) Book amount at the end of the year 1,162 825 192 99 105 7 2,390 2016 Book amount at the beginning of the year 1,021 908 165 109 9 2,212 Additions 2 2 Net (impairments) reversals 190 190 Reclassification to proved mineral interest (31 ) (4 ) (35 ) Other changes and currency translation differences 43 30 4 4 81 Book amount at the end of the year 1,254 938 138 113 7 2,450 Unproved mineral interest of €2,390 million comprised a property known as Oil Prospecting License 245 (“OPL 245”), located offshore Nigeria, with a net book value of €818 million, which corresponded to the price paid to the Nigeria Government to acquire a 50% interest in OPL 245, with the partner Shell acquiring the remaining 50%. As of December 31, 2017, the net book value of the property was €1,107 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 by Eni and Shell. Those proceedings are disclosed in note 38 — Guarantees, Commitments and Risks. Additions of the year of €112 million related to the extension of an oil contract in Algeria. Accumulated provisions for impairments amounted to €16,005 million (€17,558 million at December 31, 2016). At December 31, 2017, Eni pledged property, plant and equipment for €24 million primarily as collateral against certain borrowings (same amount as of December 31, 2016). Government grants recorded as a decrease of property, plant and equipment amounted to €110 million (€90 million at December 31, 2016). Assets acquired under financial lease agreements amounted to €29 million (same amount as of December 31, 2016) and related to service stations of the Refining & Marketing business line. Contractual commitments related to the purchase of property, plant and equipment are disclosed in note 38 — Guarantees, commitments and risks — Liquidity risk. Property, plant and equipment under concession arrangements are described in note 38 — Guarantees, commitments and risks — Assets under concession arrangements. Property, plant and equipment by segment (€ million) December 31, 2017 December 31, 2016 Property, plant and equipment, gross Exploration & Production 152,608 165,559 Gas & Power 5,333 6,276 Refining & Marketing and Chemical 24,554 24,119 Corporate and other activities 1,866 1,886 Elimination of intragroup profits (584 ) (568 ) 183,777 197,272 Accumulated depreciation, amortization and impairment losses Exploration & Production 95,775 101,131 Gas & Power 3,954 4,584 Refining & Marketing and Chemical 19,625 19,477 Corporate and other activities 1,525 1,518 Elimination of intragroup profits (260 ) (231 ) 120,619 126,479 Property, plant and equipment, net Exploration & Production 56,833 64,428 Gas & Power 1,379 1,692 Refining & Marketing and Chemical 4,929 4,642 Corporate and other activities 341 368 Elimination of intragroup profits (324 ) (337 ) 63,158 70,793 |
Inventory - compulsory stock
Inventory - compulsory stock | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Inventory Compulsory Stock [Abstract] | |
Disclosure of Inventory compulsory stock [text block] | 17 Inventory — compulsory stock Compulsory inventories of €1,283 million (€1,184 million at December 31, 2016) were primarily held by Italian subsidiaries for €1,267 million (€1,167 million at December 31, 2016) in accordance with minimum stock requirements for oil and petroleum products set forth by applicable laws. |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Intangible Assets Explanatory [Abstract] | |
Disclosure of intangible assets and goodwill [text block] | 18 Intangible assets (€ million) Exploration rights Industrial patents and intellectual property rights Concessions, licenses, trademarks and similar items Service concession arrangements Intangible assets in progress and advances Other intangible assets Intangible assets with finite useful lives Intangible assets with indefinite useful lives – Goodwill Total 2017 Net book amount at the beginning of the year 1,092 255 259 31 148 164 1,949 1,320 3,269 Additions 91 5 17 1 60 17 191 191 Amortization (65 ) (110 ) (84 ) (2 ) (25 ) (286 ) (286 ) Net (impairments) reversals 18 18 18 Write-off (24 ) (24 ) (24 ) Currency translation differences (115 ) (1 ) (2 ) (118 ) (23 ) (141 ) Other changes (2 ) 32 49 (74 ) (14 ) (9 ) (93 ) (102 ) Net book amount at the end of the year 995 182 240 30 134 140 1,721 1,204 2,925 Gross book amount at the end of the year 1,504 2,485 1,466 52 140 1,101 6,748 Provisions for amortization and impairments 509 2,303 1,226 22 6 961 5,027 2016 Net book amount at the beginning of the year 735 363 276 32 148 166 1,720 1,314 3,034 Additions 15 6 26 1 49 16 113 113 Amortization (18 ) (113 ) (81 ) (2 ) (39 ) (253 ) (253 ) Net (impairments) reversals 385 4 389 389 Write-off (61 ) (61 ) (61 ) Currency translation differences 36 (4 ) 32 6 38 Other changes (1 ) 38 (49 ) 21 9 9 Net book amount at the end of the year 1,092 255 259 31 148 164 1,949 1,320 3,269 Gross book amount at the end of the year 2,216 2,462 1,467 52 153 2,599 8,949 Provisions for amortization and impairments 1,124 2,207 1,208 21 5 2,435 7,000 Exploration rights of €995 million (€1,092 million at December 31, 2016) comprised the residual book value of license and leasehold property acquisition costs relating to areas with proved reserves, which are amortized based on the 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 exploratory activity or until management confirms its commitment to the initiative. Capital expenditures of €91 million in the year (€15 million in 2016) related to signature bonus for the acquisition of new exploration acreage in Cyprus, Myanmar, Ivory Coast and the Isatay block in Kazhakstan. The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2017 December 31, 2016 Proved licence and leasehold property acquisition costs 403 497 Unproved licence and leasehold property acquisition costs 586 579 Other mineral interests 6 16 995 1,092 Concessions, licenses, trademarks and similar items for €182 million (€255 million at December 31, 2016) primarily comprised transmission rights for natural gas imported from Algeria of €141 million (€223 million at December 31, 2016). Industrial patents and intellectual property rights of €240 million (€259 million at December 31, 2016) related to Eni gas e luce SpA for €121 million and Eni SpA for €108 million (€235 million at December 31, 2016) and essentially concerned costs for the acquisition and internal development of software and rights for the use of production processes and software. Intangible assets in progress and advances of €134 million (€148 million at December 31, 2016) related for €78 million (€89 million at December 31, 2016) to capital expenditures in progress on natural gas pipelines for which Eni has acquired transport rights. Other intangible assets with finite useful lives of €140 million (€164 million at December 31, 2016) comprised: (i) royalties for the use of licenses by Versalis SpA for €37 million (€40 million at December 31, 2016); (ii) the estimated costs of Eni’s social responsibility projects in relation to oil development programs in Val d’Agri and in the North Adriatic area connected to mineral rights under concession for €35 million (€41 million at December 31, 2016) following commitments made with the Basilicata Region, the Emilia Romagna Region and the Province and Municipality of Ravenna. Other changes of goodwill of €93 million in 2017 related to the change in the scope of consolidation due to the sale to third parties of the company Eni Gas & Power NV subsidiary to which included the goodwill deriving from the former acquisition in Belgium of Nuon Belgium NV was allocated. The criteria adopted by Eni for determining net impairments/reversals and the relevant breakdown by segment are reported in note 19 — Impairment/reversal of tangible and intangible assets. The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP - 33 Transport rights of natural gas 3 Other concessions, licenses, trademarks and similar items 3 - 33 Service concession arrangements 20 - 33 Other intangible assets 4 - 20 The carrying amount of goodwill at the end of the year was €1,204 million (€1,320 million at December 31, 2016) net of cumulative impairments charges amounting to €2,414 million (€2,524 million at December 31, 2016). A breakdown of the stated goodwill by operating segment is provided below: (€ million) December 31, 2017 December 31, 2016 Gas & Power 932 1,025 Exploration & Production 179 202 Refining & Marketing 93 93 1,204 1,320 More information about goodwill is reported in note 19 — Impairment/reversal of tangible and intangible assets. |
Impairment_reversal of tangible
Impairment/reversal of tangible and intangible assets | 12 Months Ended |
Dec. 31, 2017 | |
Impairmentreversal Of Tangible And Intangible Assets | |
Disclosure of impairment of assets [text block] | 19 Impairment/reversal of tangible and intangible assets (€ million) 2017 2016 Impairment losses Tangible assets (848 ) (1,067 ) Intangible assets (14 ) (862 ) (1,067 ) less: - reversal of tangible assets 1,055 1,153 - reversal of intangible assets 32 389 225 475 In assessing whether impairment is required, the carrying amounts of the assets are compared with their recoverable amounts. The recoverable amount is the higher between an asset’s fair value less costs to sell and its value-in-use. In the event of an asset’s impairment being reversed, the reversal may not raise the carrying amount above the value it would have stood at taking into account depreciation, if no impairment had originally been recognized. Given the nature of Eni’s activities, information on asset fair value is usually difficult to obtain unless negotiations with a potential buyer are ongoing. Therefore, the recoverability is verified by estimating assets’ values-in-use (VIU). The valuation is carried out for individual assets or for the smallest identifiable group of assets that generates cash inflows that are largely independent from the cash inflows from other assets, or groups of assets (cash generating unit — CGU). The Group has identified the following CGUs: (i) in the Exploration & Production segment, individual oilfields or pools of oilfields when technical, economic or contractual features make underlying cash flows interdependent; (ii) in the Gas & Power segment, in addition to the CGUs to which goodwill arisen from business combinations was allocated, electricity generation plants, international pipelines and LNG vessels; (iii) in the Refining & Marketing business line, refining plants, retail networks and assets related to other distribution channels grouped by country of operations and type of network (retail outlets located along ordinary routes and high-ways, wholesale facilities); and (iv) the Chemical business line has been assessed to be a single CGU. The value-in-use is calculated by discounting the estimated future cash flows deriving from the continuing use of the CGUs and, if significant and reasonably determinable, the cash flows deriving from disposal at the end of their useful lives. Cash flows are determined based on the best information available at the time of the assessment. Cash flow projections for the first four years of each CGU evaluation are extracted from the Company’s four-year plan adopted by the top management. The plan includes data points on expected oil&gas production volumes, sales volumes, capital expenditures, operating costs and margins and industrial and marketing set-up, as well as trends on the main macroeconomic variables, including inflation, nominal interest rates and exchange rates. The estimation of CGUs’ terminal values is based on cash flow projections beyond the four-year plan horizon, which are estimated based on management’s long-term assumptions regarding the main macroeconomic variables (inflation rates, commodity prices, etc.) and considering the expected useful lives of the Company’s CGUs and certain assumptions regarding future trends in revenues and costs. In the case of the oil&gas CGUs, management assumed the residual life of the reserves and the associated projections of operating costs and development expenditures. The CGUs of the Refining & Marketing business line and power plants are evaluated based on the plant economic and technical life and the associated, normalized projections of operating costs and expenditures to support plant efficiency. The CGUs of the gas market business to which goodwill has been allocated are evaluated based on the perpetuity method of the last year-plan result assuming nominal growth rates equal to 0%. The terminal value of the Chemical business integrated CGU considers the average economic useful life of the underlying assets and factors a normalized EBITDA (to reflect the cyclicality of the sector) defined based on the average contribution margin of the plan. In projecting future commodity prices, management assumed the price scenario adopted for the economic and financial projections of the Company’s four-year industrial plans and for the assessment of capital projects returns. The Company’s price scenario is approved by the Board of Directors and is based on internal assumptions about future trends in the fundamentals of demand and supply of crude oil and other commodities as benchmarked against the market consensus forecasts and on forward prices of commodities for future delivery in case the level of liquidity and reliability of future contracts is deemed fair. Values-in-use is estimated by discounting post-tax cash flows at a rate, which corresponds for the Exploration & Production and Refining & Marketing to the Company’s weighted average cost of capital (WACC) net of the risk factors attributable to the Gas & Power segment and the Chemical business line, the WACC of which is assessed on a stand-alone basis. Then the discount rates are adjusted to factor in risks specific to each country of activity (adjusted post-tax WACC). Post-tax cash flows and discount rates were adopted as they resulted in an assessment that substantially approximated a pre-tax assessment. At the date of Eni’s valuations relating to the recoverability of fixed assets, the impairment indicators related to external factors showed an improvement in respect to the external scenario utilized in 2016 impairment review. During 2017, the oil market staged a gradual recovery, which gained strength in the last part of the year, driven by improving market fundamentals. Global demand for crude oil increased due to macroeconomic expansion and oversupplies were curbed due to full implementation of the OPEC agreement on production cuts, joined also by important non-OPEC countries (in particular Russia) and the decision to extend it throughout 2018. These developments allowed for a reduction in global levels of crude oil inventories that had slowed down the recovery in prices in the first half of the year. Based on those improved fundamentals and considering the existing uncertainties about the medium-term evolution of the demand and supply balance, management basically confirmed its long-term assumption for the benchmark Brent price to 72$/BBL in 2021 real terms (under the previous plan it was $71.4) in elaborating the Group financial projections of the 2018 – 2021 industrial plan and the estimations of asset recoverability as of December 31, 2017. The profitability margin of the refining activity was confirmed at 5$/bl for the long period; stable forecasts also for gas prices at the main European hubs and for the spreads between those prices and the projected spot prices in Italy. The price/margin scenario in the petrochemical business is expected to improve driven by a better macroeconomic outlook. The long-term forecasts are expected to be weak for the clean spark spread of electricity due to oversupply and competition from other fuel/sources of power generation. At the balance sheet date, the market capitalization of Eni amounting to €50 billion exceeded the book value of the consolidated net assets equal to €48 billion. Despite the Group outlook of its impairment indicators has somewhat improved from one year ago, management tested for impairment the totality of the Group’s fixed assets as provided by the Company’s internal guidelines. The 2017 WACC of Eni, which is the driver for calculating the WACC of the oil&gas and refining business segments to assess the value-in-use of their relevant CGUs, recorded a marginal increase, up by 0.4 percentage point to 6.8% compared to 2016. This increase was driven by a of the projections of higher risk-free yields. The WACC used in the Chemical business line decreased by 0.5 percentage point to 8.5% driven by a reduced share volatility of the panel of quoted chemical companies utilized to estimate the WACC of the Eni chemical business. The WACC in the Gas & Power segment increased by 0.2 percentage points to 6% due to a higher country risk of some activities outside Europe. The adjusted WACC rates for 2017 highlighted dispersion of values reflecting a noticeable increase in the country risk in certain upstream areas. The adjusted WACC rates used for impairment test purposes in 2017 ranged from 5.3% to 15.8% in the Exploration & Production segment. In the Exploration& Production segment the Company recorded reversals of previous impairment losses before taxes for a total of €776 million reflecting upward reserves revisions and costs reductions in relation to assets located in the UK, Turkmenistan and Congo and the effects of the US tax reform. Impairment losses for a total of €636 million before taxes mainly concerned assets in Algeria, Italy, USA, Congo and Venezuela driven by downward reserve revisions, re-phasing of development plans, project cancellation and the country risk. The post-tax WACC relating to reversals of impairments of more than €100 million are in a range of 5.5 – 13.5%, corresponding to pre-tax rates ranging from 8.6% to 25.6%, respectively. In the Refining & Marketing business line the Company recorded impairment losses for €130 million related to the investments of the year for compliance and stay-in-business related to CGUs fully impaired in prior years for which profitability expectations have remained unchanged from the previous-year impairment review. In the Gas & Power segment the Company recorded net reversals of previous impairment losses for €146 million primarily reflecting alignment to fair value of the gas distribution activities in Hungary for which the Company signed a preliminary selling agreement in 2018. Such effect was partially offset by the impairment of certain power plants due to a negative margins outlook and of a gas transportation infrastructure deriving from the increase in the discount rate adjusted for the country risk. A breakdown by segment of impairments of tangible assets recorded and the associated tax effect is provided below: (€ million) 2017 2016 Impairments Exploration & Production (636 ) (740 ) Gas & Power (56 ) (167 ) Refining & Marketing and Chemical (131 ) (120 ) Corporate and other activities (25 ) (40 ) (848 ) (1,067 ) Tax effects Exploration & Production 91 216 Gas & Power 12 35 Refining & Marketing and Chemical 35 32 Corporate and other activities 6 144 283 Impairments net of the relevant tax effects Exploration & Production (545 ) (524 ) Gas & Power (44 ) (132 ) Refining & Marketing and Chemical (96 ) (88 ) Corporate and other activities (19 ) (40 ) (704 ) (784 ) A breakdown by segment of reversals of tangible assets recorded and the associated tax effect is provided below: (€ million) 2017 2016 Reversals Exploration & Production 776 1,055 Gas & Power 202 86 Refining & Marketing and Chemical 77 12 1,055 1,153 Tax effects Exploration & Production (171 ) (315 ) Gas & Power (5 ) (28 ) Refining & Marketing and Chemical (24 ) (3 ) (200 ) (346 ) Reversals net of the relevant tax effects Exploration & Production 605 740 Gas & Power 197 58 Refining & Marketing and Chemical 53 9 855 807 Goodwill acquired through business combinations has been allocated to the CGUs that are expected to benefit from the synergies of the acquisition. The amount of goodwill outstanding at the reporting date mainly related to the Gas & Power segment. A breakdown is disclosed below. (€ million) December 31, 2017 December 31, 2016 Domestic gas market 835 835 Foreign gas market 97 190 - of which European market 95 188 932 1,025 Goodwill allocated to the CGU domestic gas market was recognized upon the buy-out of the former Italgas SpA minorities in 2003 through a public offering (€706 million). The acquired entity engaged in the retail sale of gas to the residential sector and middle and small-sized businesses in Italy. In addition, further goodwill amounts have been allocated over the years following business combinations with small, local companies selling gas to residential customers in focused territorial reach and municipalities synergic to Eni’s activities. The impairment review performed at the balance sheet date confirmed the recoverability of the carrying amount of this CGU including any allocated goodwill. Goodwill allocated to the CGU European gas market, amounting to €95 million, was recorded following the business combinations of Altergaz SA (now Eni Gas & Power France SA) in France. The impairment review performed at the balance sheet date confirmed the recoverability of the carrying amount of the CGU including any allocated goodwill. In assessing the recoverability of the carrying amount of the Gas & Power CGUs, including the allocated portion of goodwill, management determined the value in use of those CGUs considering the sales margin exclusively of the retail market (excluding the wholesale margins on sales to wholesalers, industrial and power generation customers). The assessment was performed considering the cash flows of the four-year plan approved by management and incorporating the perpetuity of the last year of the plan to determine the terminal value by assuming a nominal long-term growth rate equal to zero, unchanged from the previous reporting period. These cash flows were discounted by using the post-tax WACC adjusted considering the specific country risk of 4.6% for Italy and 5.2% for Europe. Post-tax cash flows and discount rates were adopted as they resulted in an assessment that substantially approximated a pre-tax assessment. The excess of the recoverable amount of the CGU Domestic gas market over its carrying amount including the allocated portion of goodwill (headroom) amounting to €1,303 million would be reduced to zero under each of the following alternative hypothesis: (i) a decrease of 65% on average in the projected commercial margins; (ii) an increase of 9.7 percentage points in the discount rate; and (iii) a negative nominal growth rate of 16.8%. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2017 | |
Investments | |
Disclosure of investments [text block] | 20 Investments Equity-accounted investments 2017 2016 (€ million) Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Book amount at the beginning of the year 168 2,675 1,197 4,040 175 1,275 1,403 2,853 Additions and subscriptions 63 444 507 8 1,085 63 1,156 Divestments and reimbursements (462 ) (462 ) (138 ) (138 ) Share of profit of equity-accounted investments 9 49 66 124 10 50 17 77 Share of loss of equity-accounted investments (7 ) (340 ) (6 ) (353 ) (8 ) (208 ) (154 ) (370 ) Deduction for dividends (32 ) (41 ) (13 ) (86 ) (2 ) (45 ) (53 ) (100 ) Changes in the scope of consolidation 2 2 5 564 569 Currency translation differences (13 ) (127 ) (128 ) (268 ) 5 12 29 46 Other changes (11 ) 53 (35 ) 7 (25 ) (58 ) 30 (53 ) Book amount at the end of the year 116 2,332 1,063 3,511 168 2,675 1,197 4,040 In 2017, acquisitions and capital increases of €507 million mainly related to capital contributions to companies engaged in the execution of industrial projects in the interest of Eni: (i) Coral FLNG Ltd (€443 million) which is engaged in the development of a floating production and storage unit of LNG in natural gas-rich Area 4 offshore Mozambique; and (ii) Lotte Versalis Elastomers Co Ltd (€45 million) which is engaged in the production of premium elastomers in South Korea. Divestments and reimbursements of €462 million related to: (i) the sale of a 25% stake in Coral FLNG SA for €222 million following closing of the sale to ExxonMobil of 50% of the interest held by Eni in Area 4 in Mozambique; and (ii) capital reimbursements of €165 million relating to Coral FLNG SA, €48 million relating to Angola LNG Ltd and €27 million relating United Gas Derivatives Co. Eni’s share of profit of equity-accounted investments and deductions for dividends pertained to the following entities: 2017 2016 (€ million) Share of profit of equity- accounted investments Deduction for dividends % of the investment Share of profit of equity- accounted investments Deduction for dividends % of the investment Angola LNG Ltd 45 13.60 Eni BTC Ltd 27 100.00 6 100.00 PetroJunín SA 26 40.00 30 40.00 Unimar Llc 3 24 50.00 16 50.00 United Gas Derivatives Co 16 12 33.33 14 14 33.33 Gas Distribution Company of Thessaloniki – Thessaly SA 9 12 49.00 10 10 49.00 PetroSucre SA 30 26.00 Other investments 25 11 17 30 124 86 77 100 Eni’s share of losses of equity-accounted investments related to the following entities: 2017 2016 (€ million) Share of loss of equity- accounted investments % of the investment Share of loss of equity- accounted investments % of the investment Cardón IV SA 184 50.00 20 50.00 Saipem SpA 101 31.00 144 30.76 Unión Fenosa Gas SA 28 50.00 50.00 Matrìca SpA 17 50.00 4 50.00 PetroSucre SA 92 26.00 Angola LNG Ltd 62 13.60 PetroBicentenario SA 26 40.00 Other investments 23 22 353 370 Considering risks and uncertainties in connection with the financial outlook of Venezuela, the Company assessed the recoverability of the book value of two equity-accounted entities that are currently engaged in the execution of oil&gas projects in the Country. The two projects are the development of the Perla offshore gas field, operated by the local company Cardón IV, a joint venture with another international oil company, and of the PetroJunín crude oil onshore field, operated by PetroJunín, a joint venture with the state oil company PDVSA under the regime of “Empresa Mixta”. The carrying amounts before any valuation allowance of these two assets comprised current trade receivables and non-current activities, including tangible and intangible assets, equity investments and financing loans related to operations, for an amount of approximately €2 billion. To assess the recoverability of those assets, management performed a review based on empirical evidence and official statistics of the most recent financial crises of sovereign states. On this basis and considering that Eni's gas supplies are strategic and vital to the Country, in determining the recoverable value of the aforementioned assets, management carried out a risk appreciation by projecting a deferral in the timing of credit collection. Furthermore, considering the deterioration in the country's operating environment and the financial risks of recovering the invested capital, management reclassified the proved undeveloped reserves of Perla to the unproved category (315 mmBOE) in line with the US SEC rules on the recognition of proved reserves. Based on these drivers, in the 2017 financial statements management recorded impairment losses at Eni's above mentioned assets in Venezuela for an overall amount of €758 million. The accounting under the equity method of Saipem SpA resulted in a loss of €101 million due to the recognition by the investee of restructuring costs, losses from legal proceedings and impairment losses of tangible assets mainly in the offshore drilling business which is impacted by the oil scenario. As of December 31, 2017, the net book value of Eni’s investment in Saipem of €1,413 million was aligned with the corresponding share of the equity of the investee. However, the book value exceeded by about 20% the fair value represented by the market capitalization of Saipem. This impairment indicator is reflective of investor uncertainty about the rebalancing of the fundamentals in the oil sector and the timing of recovery in capital expenditures plans by the clients of the Engineering & Construction sector. The reasonableness of the evaluation was stress-tested applying contingencies to turnover levels and contract margins that confirmed the outcomes of the assessment. Currency translation differences of €268 million were primarily related to translation of entities accounts denominated in U.S. dollar (€189 million). Other changes related to the impairment of Unión Fenosa Gas SA for €35 million (€84 million in 2016) due to lower profitability prospects. The net carrying amount of equity-accounted investments was related to the following entities: December 31, 2017 December 31, 2016 (€ million) Net carrying amount Number of shares held % of the investment Net carrying amount Number of shares held % of the investment Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 63 34,000,000 100.00 106 34,000,000 100.00 Other investments (*) 53 62 116 168 Joint ventures Saipem SpA 1,413 308,767,968 31.00 1,497 3,087,679,689 30.76 Unión Fenosa Gas SA 350 273,100 50.00 434 273,100 50.00 PetroJunín SA 210 96,084,000 40.00 211 96,084,000 40.00 Gas Distribution Company of Thessaloniki – Thessaly SA 137 121,092,526 49.00 150 130,491,508 49.00 Lotte Versalis Elastomers Co Ltd 114 30,179,999 50.00 74 19,200,000 50.00 AET – Raffineriebeteiligungsgesellschaft mbH 32 1 33.33 Cardón IV SA 197 8,605 50.00 Unimar Llc 42 50 50.00 Other investments (*) 76 70 2,332 2,675 Associates Angola LNG Ltd 802 1,483,352,000 13.60 916 1.551.760.000 13.60 United Gas Derivatives Co 82 2,600,000 33.33 117 950,000 33.33 Novamont SpA 71 6,667 25.00 77 6,667 25.00 Coral FLNG SA 54 2,500,000 25.00 AET – Raffineriebeteiligungsgesellschaft mbH 34 1 33.33 Other investments (*) 54 53 1,063 1,197 3,511 4,040 _________ (*) Each individual amount included herein was lower than €25 million. Equity-accounted investments by industry segment are disclosed in note 46 — Information by industry segment and by geographical area. Carrying amounts of equity-accounted investments included differences between the purchase price of the interest acquired and the book value of the corresponding fraction of net equity amounting to €70 million related to Novamont SpA for €43 million and Unión Fenosa Gas SA for €27 million. These surpluses are due to the long-term profitability outlook of these companies. As of December 31, 2017, the market value of the investments listed in stock markets was as follows: Number of % of the Share price Market value Saipem SpA 308,767,968 31.00 3.806 1,175 The table below sets out the provisions for losses included in the provisions for contingencies of €182 million (€151 million at December 31, 2016), primarily related to the following equity-accounted investments: (€ million) December 31, 2017 December 31, 2016 Industria Siciliana Acido Fosforico – ISAF – SpA (in liquidation) 95 95 Matrìca SpA 38 VIC CBM Ltd 30 34 PetroBicentenario SA 12 6 Société Centrale Eletrique du Congo SA 6 7 Other investments 1 9 182 151 Other investments 2017 2016 (€ million) Investments in unconsolidated entities controlled by Eni Associates Other investments - valued at cost Total Investments in unconsolidated entities controlled by Eni Associates Other investments - valued at fair value Other investments - valued at cost Total Net book amount at the beginning of the year 29 10 237 276 25 10 368 257 660 Additions and subscriptions 3 3 5 3 8 Divestments and reimbursements (6 ) (13 ) (19 ) (368 ) (31 ) (399 ) Currency translation differences (1 ) (22 ) (23 ) (2 ) 6 4 Other changes (9 ) (4 ) (5 ) (18 ) (1 ) (1 ) 5 3 Value at the end of the year 14 5 200 219 29 10 237 276 Gross book amount at the end of the year 15 5 207 227 30 10 240 280 Accumulated impairment charges 1 7 8 1 3 4 The net carrying amount of other investments of €219 million (€276 million at December 31, 2016) was related to the following entities: December 31, 2017 December 31, 2016 (€ million) Net carrying amount Number of shares held % of the investment Net carrying amount Number of shares held % of the investment Investments in unconsolidated entities controlled by Eni (*) 14 29 Associates 5 10 Other investments: - Nigeria LNG Ltd 99 118,373 10.40 112 118,373 10.40 - Darwin LNG Pty Ltd 32 213,995,164 10.99 49 213,995,164 10.99 - other (*) 69 76 200 237 219 276 __________ (*) Each individual amount included herein was lower than €25 million. Additional information is included in note 48 — Other information about investments. |
Other financial assets
Other financial assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Financial Assets Explanatory [Abstract] | |
Disclosure of other non-current financial assets [text block] | 21 Other financial assets (€ million) December 31, 2017 December 31, 2016 Financing receivables held for operating purposes 1,602 1,785 Securities held for operating purposes 73 75 1,675 1,860 Financing receivables held for operating purposes are stated net of the valuation allowance for doubtful accounts of €640 million (€480 million at December 31, 2016). (€ million) Reserve of allowance for doubtful accounts of financing receivables Amount at December 31, 2016 480 Additions 211 Currency translation differences (49 ) Other changes (2 ) Amount at December 31, 2017 640 Financing receivables held for operating purposes of €1,602 million (€1,785 million at December 31, 2016) primarily pertained to loans granted by the Exploration & Production segment (€1,433 million) and the Gas & Power segment (€96 million). Financing receivables granted to joint ventures and associates amounted to €1,214 million (€1,350 million at December 31, 2016). The greatest exposure is towards the joint venture Cardón IV SA (Eni’s interest 50%) in Venezuela, which is currently operating and developing the Perla offshore gas field. At December 31, 2017, the exposure of Eni towards the joint venture amounted to €955 million (€1,054 million at December 31, 2016). Additions to the allowance for doubtful accounts of financing receivables of €211 million included: (i) a €102 million loss taken at a financing receivable granted to Matrìca SpA (Eni’s share 50%), a joint venture with Novamont SpA for the production of chemical products from renewable sources. The loan was granted to the joint venture to fund the “Polo Verde” project of Porto Torres, Sardinia. Such impairment was driven by expectations for a lower repayment capacity of the venture considering the industrial risks of the project; (ii) €109 million related to a financing receivables in the Exploration & Production segment primarily related to the shareholder loan granted to Cardón IV SA for €77 million due to the impairment loss taken at the underlying industrial project (see note 20 — Investments). Financing receivables held for operating purposes in currencies other than euro amounted to €1,428 million (€1,606 million at December 31, 2016). Financing receivables held for operating purposes due beyond five years amounted to €1,393 million (€1,519 million at December 31, 2016). The valuation at fair value of financing receivables of €1,610 million has been estimated based on the present value of expected future cash flows discounted at rates ranging from -0.2% to 2.5% (-0.2% and 2.6% at December 31, 2016). Fair value estimation of financing receivables did not include the shareholders’ loan towards the joint venture Cardón IV, which recoverability will depend on the cash flows generated by the venture and the ability of Venezuela to overcome the ongoing financial crisis. The fair value of this receivable equals the value-in-use of the underlying mineral project, which future cash flows have been estimated factoring in the sovereign risk determined based on the range of possible developments in the Country financial scenario. Securities of €73 million (€75 million at December 31, 2016), designated as held-to-maturity investments, are listed bonds issued by sovereign states for €69 million (€71 million at December 31, 2016) and by the European Investment Bank for €4 million (same amount as of December 31, 2016). Securities amounting to €20 million (same amount as of December 31, 2016) were pledged as guarantee of the deposit for gas cylinders as provided for by the Italian law. The following table analyses securities per issuing entity: Amortized cost (€ million) Nominal value (€ million) Fair Value (€ million) Nominal rate of return (%) Maturity date Rating - Moody’s Rating - S&P Sovereign states Fixed rate bonds Italy 24 25 26 from 0.35 to 4.75 from 2018 to 2025 Baa2 BBB Spain 15 14 15 from 1.40 to 4.30 from 2019 to 2020 Baa2 BBB+ Ireland 9 8 9 4.50 2018 A2 A+ Iceland 3 3 3 2.50 2020 A3 A Poland 2 2 2 4.20 2020 A2 BBB+ Slovenia 2 2 2 4.13 2020 Baa1 A+ Belgium 2 2 2 1.40 2018 Aa3 AA Floating rate bonds Italy 12 11 11 from 2018 to 2019 Baa2 BBB Total sovereign states 69 67 70 European Investment Bank 4 4 4 2018 Aaa AAA 73 71 74 Securities having a maturity within five years amounted to €72 million. The fair value of securities was derived from quoted market prices. Receivables with related parties are described in note 47 — Transactions with related parties. |
Deferred tax assets
Deferred tax assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Deferred Taxes [Abstract] | |
Disclosure of deferred taxes [text block] | 22 Deferred tax assets Deferred tax assets are stated net of amounts of deferred tax liabilities that can be offset for €4,269 million (€4,286 million at December 31, 2016). (€ million) Deferred tax assets Provisions for impairments Total Amount at December 31, 2016 9,412 (5,622 ) 3,790 Additions 2,341 (212 ) 2,129 Deductions (1,588 ) 349 (1,239 ) Currency translation differences (862 ) 202 (660 ) Other changes 37 21 58 Amount at December 31, 2017 9,340 (5,262 ) 4,078 Deferred tax assets related for €2,070 million (€1,690 million at December 31, 2016) to the parent company Eni SpA and other Italian subsidiaries that were part of the consolidated accounts for Italian tax purposes. Those assets were recorded on the pre-tax loss of the year and on the recognition of deferred deductible expenses within the limits of the amounts expected to be recovered in future years based on availability of expected future taxable profit. Deferred tax assets are further described in note 32 — Deferred tax liabilities. Income taxes are described in note 43 — Income taxes. |
Other non-current assets
Other non-current assets | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Non Current Assets Explanatory [Abstract] | |
Disclosure of other non-current assets [text block] | 23 Other non-current assets (€ million) December 31, 2017 December 31, 2016 Tax receivables from: - Italian tax authorities - income tax 62 73 - interest on tax credits 64 64 126 137 - non-Italian tax authorities 381 365 507 502 Other receivables: - related to divestments 118 222 - other non-current 44 52 162 274 Fair value of derivative financial instruments 80 108 Other asset 574 464 1,323 1,348 Receivables from divestments amounting to €118 million (€222 million at December 31, 2016) were net of the accumulated provisions for impairments of €125 million and included the present value of long-term portion of €111 million ($133 million) of the receivable related to the divestment of a 10% stake of the Zohr asset in Egypt finalized in February 2017. The current portion of the receivables is indicated in note 11 — Trade and other receivables. The accumulated provisions for impairments of €125 million related to a receivable deriving from the sale of an asset in Nigeria and included the impairment of the year of € 44 million. The fair value related to derivative financial instruments is disclosed in note 34 — Derivative financial instruments. Other non-current assets amounted to €574 million (€464 million at December 31, 2016) included €56 million of deferred costs for take-or-pay gas volumes in connection to the Company’s long-term supply contracts (€113 million at December 31, 2016). The portion that Eni plans to recover within the term of 12 months is indicated in note 15 — Other current assets. Transactions with related parties are described in note 47 — Transactions with related parties. |
Short-term debt
Short-term debt | 12 Months Ended |
Dec. 31, 2017 | |
Statement Table | |
Disclosure of Short-term debt [text block] | 24 Short-term debt (€ million) December 31, 2017 December 31, 2016 Commercial papers 1,664 2,738 Banks 201 155 Other financial institutions 377 503 2,242 3,396 The decrease in short-term debt of €1,154 million primarily related to net reimbursements for €581 million and currency translation differences relating to foreign subsidiaries and debt denominated in foreign currency recorded by euro-reporting subsidiaries for €574 million. Commercial papers of €1,664 million (€2,738 million at December 31, 2016) were issued by the Group’s financial subsidiaries Eni Finance USA Inc for €1,070 million (€1,750 million at December 31, 2016) and Eni Finance International SA for €594 million (€988 million at December 31, 2016). The breakdown by currency of short-term debt is provided below: (€ million) December 31, 2017 December 31, 2016 Euro 904 1,405 U.S. dollar 1,329 1,982 Other currencies 9 9 2,242 3,396 As of December 31, 2017, the weighted average interest rate on short-term debt was 1.3% (0.9% as of December 31, 2016). As of December 31, 2017, Eni retained undrawn uncommitted borrowing facilities amounting to €11,584 million (€12,267 million at December 31, 2016). Those facilities bore interests and charges for undrawn that reflect prevailing market conditions. As of December 31, 2017, Eni was in compliance with covenants and other contractual provisions in relation to borrowing facilities. Because of the short-term maturity and conditions of remuneration of short-term debts, the fair value approximated the carrying amount. Payables due to related parties are described in note 47 — Transactions with related parties. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Trade And Other Payables [Abstract] | |
Disclosure of trade and other payables [text block] | 25 Trade and other payables (€ million) December 31, 2017 December 31, 2016 Trade payables 10,890 11,038 Advances 797 526 Other payables - related to capital expenditures 2,094 2,158 - others 2,967 2,981 5,061 5,139 16,748 16,703 Down payments and advances for €797 million (€526 million at December 31, 2016) related to the Exploration & Production segment for €444 million (€153 million at December 31, 2016) and included €180 million of advances denominated in local currency relating to future supplies of equity hydrocarbons to our Egyptian State-owned partners in relation to the operations of Eni’s Concession Agreements in the Country for the next four-year period and in particular, among these, the Zohr project. Those advances have further reduced the Group net exposure towards the Country. Other payables were as follows: (€ million) December 31, 2017 December 31, 2016 Payables related to capital expenditures due to Suppliers in relation to investing activities 1,804 1,835 Joint venture partners in exploration and production activities 264 219 Other 26 104 2,094 2,158 Other payables Joint venture partners in exploration and production activities 1,968 2,057 Employees 184 180 Social security entities 84 94 Non-financial government entities 23 6 Other 708 644 2,967 2,981 5,061 5,139 Because of the short-term maturity and conditions of remuneration of trade payables, the fair value approximated the carrying amount. Payables due to related parties are described in note 47 — Transactions with related parties. |
Income tax payable
Income tax payable | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Income Tax Explanatory [Abstract] | |
Disclosure of income tax payable explanatory [text block] | 26 Income tax payable (€ million) December 31, 2017 December 31, 2016 Italian subsidiaries 174 97 Non-Italian subsidiaires 298 329 472 426 Income tax payable is described in note 43 — Income taxes. |
Other tax payable
Other tax payable | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Tax Payable [Abstract] | |
Disclosure of tax receivables and payables [text block] | 27 Other tax payable (€ million) December 31, 2017 December 31, 2016 Excise and customs duties 824 634 Other taxes and duties 648 659 1,472 1,293 |
Other current liabilities
Other current liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Current Liabilities Explanatory [Abstract] | |
Disclosure of other current liabilities [text block] | 28 Other current liabilities (€ million) December 31, 2017 December 31, 2016 Fair value of derivatives financial instruments 1,011 2,108 Other liabilities 504 491 1,515 2,599 Fair value related to derivative financial instruments is disclosed in note 34 — Derivative financial instruments. Other current liabilities of €504 million (€491 million at December 31, 2016) included the current portion of advances received from Suez following a long-term agreement for supplying natural gas and electricity for €68 million (€73 million at December 31, 2016). Non-current portion is disclosed in note 33 — Other non-current liabilities. Transactions with related parties are described in note 47 — Transactions with related parties. |
Long-term debt and current port
Long-term debt and current portion of long-term debt | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Borrowings [Abstract] | |
Disclosure of borrowings [text block] | 29 Long-term debt and current portion of long-term debt December 31, 2017 December 31, 2016 (€ million) Long-term portion Short-term portion Total Long-term portion Short-term portion Total Banks 3,200 801 4,001 4,014 272 4,286 Ordinary bonds 16,520 1,445 17,965 16,044 2,959 19,003 Convertible bonds 387 387 383 383 Other financial institutions 72 40 112 123 48 171 20,179 2,286 22,465 20,564 3,279 23,843 The following table reflects long-term debt and current portion of long-term debt as of December 31, 2017 by maturity: At December 31, Long-term maturity (€ million) Maturity range 31.12.2017 2019 2020 2021 2022 After Total Current maturity 2018 Banks 2018 – 2032 4,001 1,290 729 341 143 697 3,200 801 Ordinary bonds 2018 – 2043 17,965 2,486 2,371 934 697 10,032 16,520 1,445 Convertible bonds 2022 387 387 387 Other financial institutions 2018 – 2032 112 45 3 3 3 18 72 40 22,465 3,821 3,103 1,278 1,230 10,747 20,179 2,286 Long-term debt and current portion of long-term debt of €22,465 million (€23,843 million at December 31, 2016) decreased by €1,378 million. The decrease comprised new issuance of €1,842 million net of repayments made for €2,973 million and, as decrease, currency translation differences relating foreign subsidiaries and debt denominated in foreign currency recorded by euro-reporting subsidiaries for €236 million. Eni entered into long-term borrowing facilities with the European Investment Bank. These borrowing facilities are subject to the maintenance 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. In addition, Eni entered into long and medium-term facilities subject to the maintenance of certain financial ratios based on the Consolidated Financial Statements of Eni with Citibank Europe Plc, whose non-compliance allows the bank to request an early repayment. At December 31, 2017, debts subjected to restrictive covenants amounted to €1,664 million (€1,953 million at December 31, 2016). Eni was in compliance with those covenants. Ordinary bonds of €17.965 million (€19,003 million at December 31, 2016) consisted of bonds issued within the Euro Medium Term Notes Program for a total of €16,963 million and other bonds for a total of €1,002 million. The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2017: 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 1,500 16 1,516 EUR 2019 4.125 Eni SpA 1,200 17 1,217 EUR 2025 3.750 Eni SpA 1,000 37 1,037 EUR 2020 4.250 Eni SpA 1,000 32 1,032 EUR 2018 3.500 Eni SpA 1,000 27 1,027 EUR 2029 3.625 Eni SpA 1,000 19 1,019 EUR 2020 4.000 Eni SpA 1,000 8 1,008 EUR 2023 3.250 Eni SpA 1,000 7 1,007 EUR 2026 1.500 Eni SpA 900 (6 ) 894 EUR 2024 0.625 Eni SpA 800 1 801 EUR 2021 2.625 Eni SpA 800 (2 ) 798 EUR 2028 1.625 Eni SpA 750 13 763 EUR 2019 3.750 Eni SpA 750 7 757 EUR 2024 1.750 Eni SpA 750 4 754 EUR 2027 1.500 Eni SpA 700 700 EUR 2022 0.750 Eni SpA 650 (1 ) 649 EUR 2025 1.000 Eni SpA 600 (6 ) 594 EUR 2028 1.125 Eni Finance International SA 507 15 522 GBP 2018 2021 4.750 6.125 Eni Finance International SA 295 3 298 EUR 2028 2043 3.875 5.441 Eni Finance International SA 155 1 156 YEN 2019 2037 1.955 2.810 Eni Finance International SA 417 (3 ) 414 USD 2026 variable 16,774 189 16,963 Other bonds Eni SpA 375 3 378 USD 2020 4.150 Eni SpA 292 292 USD 2040 5.700 Eni USA Inc 333 (1 ) 332 USD 2027 7.300 1,000 2 1,002 17,774 191 17,965 As of December 31, 2017, ordinary bonds maturing within 18 months of €2,199 million were issued by Eni SpA for €1,795 million and by Eni Finance International SA for €404 million. During 2017, new bonds of €1,817 million were issued by Eni SpA for €1,403 million and Eni Finance International SA for €414 million. The following table provides a breakdown of convertible bonds issued by Eni SpA as of December 31, 2017: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Issuing entity Eni SpA 400 (13 ) 387 EUR 2022 0.000 400 (13 ) 387 The non-dilutive equity-linked bond issued provides for by a redemption value linked to the market price of Eni’s shares. The bondholders have “conversion” rights at certain times 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 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 following table provides a breakdown by currency of long-term debt, its current portion and the related weighted average interest rates. December 31, 2017 (€ million) Average rate (%) December 31, 2016 (€ million) Average rate (%) Euro 20,094 2.4 21,545 2.7 U.S. dollar 1,694 4.8 1,587 5.2 British pound 521 5.3 540 5.3 Japanese yen 156 2.6 171 2.6 22,465 23,843 As of December 31, 2017, Eni retained undrawn long-term committed borrowing facilities of €5,802 million (€6,236 at December 31, 2016), of which €750 million due in 2018. Those facilities bore interest rates reflecting prevailing conditions on the marketplace. Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which €16.8 billion were drawn as of December 31, 2017. Fair value of long-term debt, including the current portion of long-term debt amounted to €23,764 million (€25,358 million at December 31, 2016): (€ million) December 31, 2017 December 31, 2016 Ordinary bonds 19,219 20,501 Convertible bonds 410 435 Banks 4,021 4,244 Other financial institutions 114 178 23,764 25,358 Fair value of financial debt was calculated by discounting the expected future cash flows at discount rates ranging from -0.2% to 2.5% (-0.2% and 2.6% at December 31, 2016). Information on net borrowings In assessing its capital structure, Eni uses net borrowings, 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 as issued by the IASB less: cash, cash equivalents, held-for-trading securities and other financial assets, and certain highly-liquid investments not related to operations including, among others, non-operating financing receivables and available-for-sale securities not related to operations. Held-for-trading securities and other financial assets 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. Available-for-sale securities not related to operations consist primarily of government bonds and securities from financing institutions. 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. In addition, management utilizes the ratio of net borrowings to total shareholders’ equity including non-controlling interest (leverage) to assess Eni’s capital structure, to analyze whether the ratio between finance debt and shareholders’ equity is well balanced according to industry standards and to track management’s short-term and medium-term targets. Management continuously monitors trends in net borrowings and trends in leverage in order to optimize the use of internally-generated funds versus funds from third parties. The measure calculated in accordance with IFRS that is most directly comparable to net borrowings is total debt (short-term and long-term debt). The most directly comparable measure, derived from IFRS reported amounts, to calculate leverage is the ratio of total debt to shareholders’ equity (including non-controlling interest). Eni’s presentation and calculation of net borrowings and leverage may not be comparable to that of other companies. December 31, 2017 December 31, 2016 (€ million) Current Non- current Total Current Non- current Total A. Cash and cash equivalents 7,363 7,363 5,674 5,674 B. Held-for-trading financial assets 6,012 6,012 6,166 6,166 C. Available-for-sale financial assets 207 207 238 238 D. Liquidity (A+B+C) 13,582 13,582 12,078 12,078 E. Financing receivables 209 209 385 385 F. Short-term debt towards banks 201 201 155 155 G. Long-term debt towards banks 801 3,200 4,001 272 4,014 4,286 H. Bonds 1,445 16,907 18,352 2,959 16,427 19,386 I. Short-term debt towards related parties 164 164 191 191 L. Other short-term liabilities 1,877 1,877 3,050 3,050 M. Other long-term liabilities 40 72 112 48 123 171 N. Total borrowings (F+G+H+I+L+M) 4,528 20,179 24,707 6,675 20,564 27,239 O. Net borrowings (N-D-E) (9,263 ) 20,179 10,916 (5,788 ) 20,564 14,776 Financial assets held for trading of €6,012 million (€6,166 million at December 31, 2016) are disclosed in note 9 — Financial assets held for trading. Available-for-sale securities of €207 million (€238 million at December 31, 2016) were held for non-operating purposes and related to Eni Insurance DAC. Current financing receivables of €209 million (€385 million at December 31, 2016) were held for non-operating purposes. Changes in gross borrowings were as following: (€ million) Long-term debt and current portion of long-term debt Short-term debt Total Carrying amount at December 31, 2016 23,843 3,396 27,239 Cash flows (1,131 ) (581 ) (1,712 ) Currency translation differences (236 ) (574 ) (810 ) Other non-monetary changes (11 ) 1 (10 ) Carrying amount at December 31, 2017 22,465 2,242 24,707 |
Provisions for contingencies
Provisions for contingencies | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Provisions For Contingent [Abstract] | |
Disclosure of other provisions, contingent liabilities and contingent assets [text block] | 30 Provisions for contingencies (€ million) Provision for site restoration, abandonment and social projects Environmental provision Provision for litigations Provision for taxes Loss adjustments and actuarial provisions for Eni’s insurance companies Provision for redundancy incentives Provision for onerous contracts Provision for losses on investments Provision for OIL insurance cover Provision for disposal and restructuring Other (*) Total Carrying amount at December 31, 2016 8,419 2,691 954 732 207 176 165 153 88 58 253 13,896 New or increased provisions 217 567 162 181 9 46 16 193 1,391 Initial recognition and 370 370 Accretion discount 271 (9 ) 1 1 2 (2 ) 264 Reversal of utilized provisions (289 ) (237 ) (281 ) (225 ) (190 ) (17 ) (99 ) (13 ) (75 ) (1,426 ) Reversal of unutilized (10 ) (17 ) (50 ) (52 ) (32 ) (1 ) (10 ) (3 ) (25 ) (200 ) Currency translation differences (646 ) (1 ) (95 ) (66 ) (7 ) (7 ) (1 ) (11 ) (834 ) Other changes 11 9 11 (24 ) 7 3 (8 ) 4 (27 ) (14 ) Carrying amount at December 31, 2017 8,126 2,653 1,107 527 205 140 60 182 76 65 306 13,447 _________ (*) Each individual amount included herein was lower than €50 million. The Group makes full provision for the future costs of decommissioning oil and natural gas wells, facilities and related pipelines on a discounted basis upon installation. The decommissioning provisions at the reporting date amounted to €8,126 million and included the discounted estimated costs that the Company expects to incur for decommissioning oil and natural gas production facilities at the end of the producing lives of fields, well-plugging, abandonment and site restoration of the Exploration & Production segment for €7,649 million. Estimate revisions of €370 million were primarily due to a decrease in the discount rate curve in particular for the U.S. dollar, new provisions of the year and the revision of cost estimates. The accretion discount recognized in the profit and loss account for €271 million was determined based on discount rates ranging from -0.1% to 5.9% (from -0.01% to 5.8% at December 31, 2016). Main expenditures associated with decommissioning operations are expected to be incurred over a 45-year period. Provisions for environmental risks of €2,653 million 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 has been 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 includes 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 or because Eni assumed the liability of other operators when took over the ownership of the site. 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, 2017, environmental provision primarily related to Syndial SpA for €2,119 million and to the Refining & Marketing business line for €326 million. Provisions for litigations of €1,107 million comprised the expected liabilities associated with legal proceedings and other matters arising from contractual claims, contract renegotiations, including arbitration, fines and penalties due to antitrust proceedings and administrative matters. These provisions represented the Company’s best estimate of the expected probable liabilities associated with pending litigation and commercial disputes and primarily related to the Exploration & Production segment for €494 million and the Gas & Power segment for €457 million. Provisions for taxes of €527 million included the estimated charges that the Company expects to incur for unsettled tax claims in connection with uncertainties in the application of tax rules at certain Italian and non-Italian subsidiaries in the Exploration& Production segment (€499 million). Loss adjustments and actuarial provisions of Eni’s insurance company Eni Insurance DAC of €205 million represented the estimated liabilities accrued on the basis for third parties claims. Against such liability was recorded a receivable of €157 million recognized towards insurance companies for reinsurance contracts. Provisions for redundancy incentives of €140 million were recognized due to a restructuring program involving the Italian personnel related to past reporting periods. Provisions for onerous contracts of €60 million related to the execution of contracts where the expected costs exceed the relevant benefits. In particular, the provision comprised the estimated expected losses on unutilized infrastructures for gas transportation. Utilizations of €99 million essentially related to charges for unutilized infrastructures of regasification and gas transportation. |
Provisions for employee benefit
Provisions for employee benefits | 12 Months Ended |
Dec. 31, 2017 | |
Provisions For Employee Benefits [Abstract] | |
Disclosure of employee benefits [text block] | 31 Provisions for employee benefits (€ million) December 31, 2017 December 31, 2016 TFR 284 298 Foreign defined benefit plans 409 276 FISDE and other foreign medical plans 122 124 Other benefit plans 207 170 1,022 868 Provisions for benefits upon termination of employment primarily related to a provisions accrued by Italian companies for employee retirement, determined using actuarial techniques and regulated by Article 2120 of the Italian Civil Code. Pension funds are defined benefit plans provided by foreign subsidiaries located mainly in Nigeria, Germany and the United Kingdom. Benefits under these plans consist of payments based on seniority and the salary paid in the last year of service, or alternatively, the average annual salary over a defined period prior to the retirement. Group companies provide healthcare benefits. Liability to these plans (FISDE and other foreign healthcare plans) and the current cost are limited to the contributions made by the Company for retired managers. Other benefits primarily consisted of monetary and long-term incentive schemes to Group managers. Provisions for the monetary incentive scheme are assessed based on the estimated bonuses that will be granted to those managers who will achieve certain individual performance goals weighted with the likelihood that the Company delivers the planned profitability targets. The benefit has a three-year vesting period and incurs when the commitment arises towards Eni’s management, based on the achievement of corporate goals. The estimate is subject to adjustments in subsequent years based on the results achieved and the update of the result forecasted (above or below the target). This benefit is applied pro-rata temporis over the three-year period depending on the results of the performance parameters. Provisions for the long-term incentive scheme are assessed based on the estimated trends of a performance indicator as benchmarked against a group of international oil companies. Both of these incentive schemes normally vest over a three-year period. Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: December 31, 2017 December 31, 2016 (€ million) TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans Total TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans Total Present value of benefit liabilities at beginning of year 298 895 124 170 1,487 281 1,240 156 153 1,830 Current cost 24 2 54 80 28 2 56 86 Interest cost 3 29 2 1 35 6 34 3 1 44 Remeasurements: (6 ) 54 (1 ) 3 50 19 22 (17 ) 1 25 - actuarial (gains) losses due to changes in demographic assumptions (14 ) (14 ) (2 ) (2 ) (1 ) (2 ) (7 ) - actuarial (gains) losses due to changes in financial assumptions (5 ) 71 3 69 11 30 (2 ) 2 41 - experience (gains) losses (1 ) (3 ) (1 ) (5 ) 10 (6 ) (14 ) 1 (9 ) Past service cost and (gains) losses settlements (1 ) 30 29 (7 ) 2 (3 ) (8 ) Plan contributions: 1 1 1 1 - employee contributions 1 1 1 1 Benefits paid (10 ) (37 ) (5 ) (37 ) (89 ) (8 ) (33 ) (6 ) (31 ) (78 ) Reclassification to asset held for sale (12 ) (2 ) (14 ) Changes in the scope of consolidation (1 ) (15 ) (1 ) (3 ) (20 ) Currency translation differences and other changes 59 1 (9 ) 51 (390 ) (16 ) (7 ) (413 ) Present value of benefit liabilities at end of year (a) 284 997 122 207 1,610 298 895 124 170 1,487 Plan assets at beginning of year 619 619 707 707 Interest income 20 20 20 20 Return on plan assets 12 12 42 42 Past service cost and (gains) losses settlements (3 ) (3 ) Plan contributions: 24 24 25 25 - employee contributions 1 1 1 1 - employer contributions 23 23 24 24 Benefits paid (25 ) (25 ) (19 ) (19 ) Changes in the scope of consolidation (15 ) (15 ) Currency translation differences and other changes (47 ) (47 ) (153 ) (153 ) Plan assets at end of year (b) 588 588 619 619 Net liability recognized at end of year (a-b) 284 409 122 207 1,022 298 276 124 170 868 Employee benefit plans included the liability attributable to joint venture partners operating in exploration and production activities of €177 million (€60 million at December 31, 2016). Eni recorded a receivable for an amount equivalent to such liability. Foreign defined benefit plans amounting to €409 million (€276 million at December 31, 2016) primarily related to pension plans for €334 million (€184 million at December 31, 2016). Other employee benefit plans of €207 million (€170 million at December 31, 2016) related to: (i) defined benefit plans for €13 million (€12 million at December 31, 2016) related to the Gas fund; and (ii) long-term benefit plans for €194 million (€158 million at December 31, 2016) of which deferred monetary incentive plans for €120 million (€99 million at December 31, 2016), jubilee awards for €22 million (€28 million at December 31, 2016), long-term incentive plan for €13 million (€14 million at December 31, 2016), isopensione Costs charged to the profit and loss account consisted of the following: (€ million) TFR Foreign defined benefit plans Fisde and other foreign medical plans Other benefit plans Total 2017 Current cost 24 2 54 80 Past service cost and (gains) losses on (1 ) 30 29 Interest cost (income), net: - interest cost on liabilities 3 29 2 1 35 - interest income on plan assets (20 ) (20 ) Total interest cost (income), net 3 9 2 1 15 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 3 9 2 14 Remeasurements for long-term plans 3 3 Total 3 32 4 88 127 - of which recognized in “Payroll and related cost” 23 2 88 113 - of which recognized in “Financial income (expense)” 3 9 2 14 2016 Current cost 28 2 56 86 Past service cost and (gains) losses on (4 ) 2 (3 ) (5 ) Interest cost (income), net: - interest cost on liabilities 6 34 3 1 44 - interest income on plan assets (20 ) (20 ) Total interest cost (income), net 6 14 3 1 24 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 6 14 3 23 Remeasurements for long-term plans (1 ) (1 ) Total 6 38 7 53 104 - of which recognized in “Payroll and related cost” 24 4 53 81 - of which recognized in “Financial income (expense)” 6 14 3 23 Costs recognized in other comprehensive income consisted of the following: 2017 2016 (€ million) TFR Foreign defined benefit plans Fisde and other foreign medical plans Total TFR Foreign defined benefit plans Fisde and other foreign medical plans Other benefit plans Total Remeasurements Actuarial (gains)/losses due to changes in demographic assumptions (14 ) (14 ) (2 ) (2 ) (1 ) 1 (4 ) Actuarial (gains)/losses due to changes in financial assumptions (5 ) 71 66 11 30 (2 ) 1 40 Experience (gains) losses (1 ) (3 ) (1 ) (5 ) 10 (6 ) (14 ) (10 ) Return on plan assets (12 ) (12 ) (42 ) (42 ) (6 ) 42 (1 ) 35 19 (20 ) (17 ) 2 (16 ) Plan assets consisted of the following: (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by insurance company Other Total December 31, 2017 Plan assets with a quoted market price 16 48 329 10 9 60 13 100 585 Plan assets without a quoted market price 3 3 16 48 329 10 9 60 16 100 588 December 31, 2016 Plan assets with a quoted market price 105 49 270 11 1 65 14 101 616 Plan assets without a quoted market price 3 3 105 49 270 11 1 65 17 101 619 Plan assets are generally managed by external asset managers pursuing investment strategies, defined by Eni’s companies, with the aim of ensuring that assets are sufficient to pay the benefits. For this purpose, the investments are aimed at maximizing the expected return and limit the risk level through proper diversification. The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 2018 consisted of the following: TFR Foreign defined benefit plans FISDE and other foreign medical plans Other long-term benefit plans 2017 Discount rate (%) 1.5 0.6-15.5 1.5 0.0-1.5 Rate of compensation increase (%) 2.5 1.5-13.5 Rate of price inflation (%) 1.5 0.6-14.8 1.5 1.5 Life expectations on retirement at age 65 (years) 13-24 24 2016 Discount rate (%) 1.0 0.6-17.5 1.0 0.0-1.0 Rate of compensation increase (%) 2.0 1.0-15.0 Rate of price inflation (%) 1.0 0.6-13.5 1.0 1.0 Life expectations on retirement at age 65 (years) 13-24 24 The following is an analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans: Euro area Rest of Europe Africa Other areas Foreign defined benefit plans 2017 Discount rate (%) 1.5-1.8 0.6-2.5 3.7-15.5 4.1-8.0 0.6-15.5 Rate of compensation increase (%) 1.5-3.0 2.5-3.7 5.0-13.5 1.5-10.0 1.5-13.5 Rate of price inflation (%) 1.5-1.9 0.6-3.4 3.7-14.8 1.5-4.8 0.6-14.8 Life expectations on retirement at age 65 (years) 21 22-24 13-17 13-24 2016 Discount rate (%) 1.0-2.0 0.6-2.7 3.5-17.5 7.3-8.1 0.6-17.5 Rate of compensation increase (%) 1.0-3.0 2.3-3.8 5.0-15.0 7.8-10.0 1.0-15.0 Rate of price inflation (%) 1.0-1.8 0.6-3.4 3.5-13.5 5.0-5.5 0.6-13.5 Life expectations on retirement at age 65 (years) 21-22 23-24 13-15 13-24 The discount rate used was determined on the base of corporate bond yields (rating AA) in countries with a significant market, or in the absence, of government bond yields. The demographic tables adopted are those used by each country for the assessments of IAS 19. The inflation rate is consistent with the discount rate adopted determined based on the inflation rate implicit in the securities financial markets. The effects of a possible change in the main actuarial assumptions at the end of the year are listed below: Discount rate Rate of price inflation Rate of increases in pensionable salaries Healthcare cost trend rate Rate of increases to pensions in payment (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2017 Effect on DBO TFR (13 ) 14 9 Foreign defined benefit plans (72 ) 79 24 20 13 FISDE and other foreign medical plans (7 ) 7 7 Other benefit plans (3 ) 1 1 December 31, 2016 Effect on DBO TFR (15 ) 16 10 Foreign defined benefit plans (57 ) 66 33 15 23 FISDE and other foreign medical plans (7 ) 8 8 Other benefit plans (2 ) 2 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 €59 million related to defined benefit plans. The following is an analysis by maturity date of the liabilities for employee benefit plans: (€ million) TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans December 31, 2017 2018 16 47 5 66 2019 17 65 5 60 2020 18 70 5 46 2021 17 79 5 8 2022 14 84 5 6 2023 and thereafter 202 64 97 31 December 31, 2016 2017 13 31 5 37 2018 14 44 5 59 2019 15 33 5 52 2020 17 33 5 3 2021 19 38 5 3 2022 and thereafter 220 97 99 42 The weighted average duration of the liabilities for employee benefit plans was the following: TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans 2017 Weighted average duration (years) 10.1 17.5 13.7 3.0 2016 Weighted average duration (years) 10.3 17.9 13.9 3.4 |
Deferred tax liabilities
Deferred tax liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Deferred Taxes Liabilities [Abstract] | |
Disclosure Of deferred Tax Liabilities [text block] | 32 Deferred tax liabilities Deferred tax liabilities were recognized net of the amounts of deferred tax assets that can be offset for €4,269 million (€4,286 million at December 31, 2016). (€ million) Deferred tax liabilities Amount at December 31, 2016 6,667 Additions 1,171 Deductions (835 ) Currency translation differences (1,123 ) Other changes 20 Amount at December 31, 2017 5,900 Deferred tax assets and liabilities consisted of the following: (€ million) December 31, 2017 December 31, 2016 Deferred tax liabilities 10,169 10,953 Deferred tax assets available for offset (4,269 ) (4,286 ) 5,900 6,667 Deferred tax assets not available for offset (4,078 ) (3,790 ) Net deferred tax liabilities 1,822 2,877 Net deferred tax liabilities of €1,822 million (€2,877 million at December 31, 2016) included the recognition of the deferred tax effect against equity of the fair value measurement of derivatives designated as cash flow hedge (deferred tax liabilities for €57 million) and the revaluation of defined benefit plans (deferred tax assets for €19 million). The most significant temporary differences giving rise to net deferred tax liabilities are disclosed below: (€ million) Carrying amount at December 31, 2017 Carrying amount at December 31, 2016 Deferred tax liabilities Accelerated tax depreciation 8,323 8,899 Difference between the fair value and the carrying amount of assets acquired 1,106 1,269 Site restoration and abandonment (tangible assets) 305 348 Application of the weighted average cost method in evaluation of inventories 70 81 Other 365 356 10,169 10,953 Deferred tax assets, gross Carry-forward tax losses (5,240 ) (4,722 ) Site restoration and abandonment (provisions for contingencies) (2,747 ) (2,881 ) Timing differences on depreciation and amortization (2,164 ) (2,260 ) Accruals for impairment losses and provisions for contingencies (1,404 ) (1,413 ) Impairment losses (801 ) (906 ) Over/Underlifting (395 ) (270 ) Employee benefits (194 ) (163 ) Unrealized intercompany profits (130 ) (118 ) Other (534 ) (965 ) (13,609 ) (13,698 ) Impairments of deferred tax assets 5,262 5,622 Deferred tax assets, net (8,347 ) (8,076 ) Net deferred tax liabilities 1,822 2,877 The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax liabilities Deferred tax assets, gross Impairments of deferred tax assets Deferred tax assets, net Net deferred tax liabilities 2017 Carrying amount at the beginning of the year 10,953 (13,698 ) 5,622 (8,076 ) 2,877 Additions 1,171 (2,341 ) 212 (2,129 ) (958 ) Deductions (835 ) 1,588 (349 ) 1,239 404 Currency translation differences (1,123 ) 862 (202 ) 660 (463 ) Other changes 3 (20 ) (21 ) (41 ) (38 ) Carrying amount at the end of the year 10,169 (13,609 ) 5,262 (8,347 ) 1,822 2016 Carrying amount at the beginning of the year 10,780 (12,307 ) 5,099 (7,208 ) 3,572 Additions 1,796 (2,994 ) 667 (2,327 ) (531 ) Deductions (1,486 ) 1,208 (254 ) 954 (532 ) Currency translation differences 229 (185 ) 80 (105 ) 124 Other changes (366 ) 580 30 610 244 Carrying amount at the end of the year 10,953 (13,698 ) 5,622 (8,076 ) 2,877 The decreases in net deferred tax liabilities of €404 million include €115 million of net impairments of deferred tax assets due to the tax reform implemented in the USA. 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. An average tax rate of 24% was applied to tax losses of Italian subsidiaries to determine the portion of the carry-forwards tax losses, which will be utilized in future years to offset expected taxable profit. The corresponding rate for foreign subsidiaries was 36.7%. Carry-forward tax losses amounted to €17,773 million out of which €13,545 million can be used indefinitely. Carry-forward tax losses regarded Italian companies for €10,097 million and foreign companies for €7,676 million. Deferred tax assets recognized on these losses amounted to €2,421 million and €2,819 million, respectively. Provisions for impairments of deferred tax assets of €5,262 million related to Italian companies for €3,947 million and foreign companies for €1,315 million. |
Other non-current liabilities
Other non-current liabilities | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Non-current Liabilities Explanatory [Abstract] | |
Disclosure of other non-current liabilities [text block] | 33 Other non-current liabilities (€ million) December 31, 2017 December 31, 2016 Fair value of derivatives financial instruments 91 161 Income tax liabilities 36 35 Other payables towards tax authorities 9 9 Cautionary deposits 255 265 Other payables 45 51 Other liabilities 1,043 1,247 1,479 1,768 Fair value related to derivative financial instruments is disclosed in note 34 — Derivative financial instruments. Cautionary deposits of €255 million (€265 million at December 31, 2016) related for €215 million (€224 million at December 31 2016) to deposits from retail customers for the supply of gas and electricity. Other liabilities of €1,043 million (€1,247 million at December 31, 2016) included advances received from Suez following a long-term agreement for supplying natural gas and electricity of €584 million (€664 million at December 31, 2016). The current portion is described in note 28 — Other current liabilities. Liabilities with related parties are described in note 47 — Transactions with related parties. |
Derivative financial instrument
Derivative financial instruments | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Financial Instruments | |
Disclosure of derivative financial instruments [text block] | 34 Derivative financial instruments December 31, 2017 December 31, 2016 (€ million) Fair value asset Fair value liability Level of Fair value Fair value asset Fair value liability Level of Fair value Non-hedging derivatives Derivatives on exchange rate - Currency swap 170 86 2 188 268 2 - Interest currency swap 41 45 2 38 83 2 - Outright 3 5 2 17 15 2 214 136 243 366 Derivatives on interest rate - Interest currency swap 9 5 2 10 12 2 9 5 10 12 Derivatives on commodities - Future 796 771 1 624 611 1 - Over the counter 81 97 2 133 120 2 - Options 1 2 - Other 1 2 2 4 5 2 878 870 761 737 1,101 1,011 1,014 1,115 Trading derivatives Derivatives on commodities - Over the counter 683 829 2 1,495 1,490 2 - Future 395 390 1 561 574 1 - Options 133 114 2 211 157 2 1,211 1,333 2,267 2,221 Cash flow hedge derivatives Derivatives on commodities - Over the counter 227 21 2 309 150 2 - Future 35 1 1 18 1 262 21 310 168 Option embedded in convertible bonds 16 16 2 46 46 2 Gross amount 2,590 2,381 3,637 3,550 Offsetting (1,279 ) (1,279 ) (1,281 ) (1,281 ) Net amount 1,311 1,102 2,356 2,269 Of which: - current 1,231 1,011 2,248 2,108 - non-current 80 91 108 161 Derivative fair values were estimated on the basis of market quotations provided by primary info-provider or, alternatively, appropriate valuation techniques generally adopted in the marketplace. Fair values of non-hedging derivatives consisted of derivatives that did not meet the formal criteria to be designated as hedges under IFRS because they were entered into in order to manage net exposures to foreign currency exchange rates, interest rates and commodity prices. Therefore, such derivatives did not relate to specific trade or financing transactions. Fair values of trading derivatives consisted of derivatives entered for trading purposes and proprietary trading. Fair value of cash flow hedge derivatives related to the hedges entered by the Gas & Power segment. These derivatives were entered into to hedge variability in future cash flows associated with highly probable future sale transactions of gas or electricity or on already contracted sales due to different indexation mechanism of supply costs versus selling prices. A similar scheme applies to exchange rate hedging derivatives. The effects of the measurement at fair value of cash flow hedge derivatives are given in note 36 — Shareholders’ equity and in note 40 — Operating expenses. Information on hedged risks and hedging policies is disclosed in note 38 — Guarantees, commitments and risks — Risk factors. Options embedded in convertible bonds of €16 million as of December 31, 2017, related to equity-linked cash settled bonds (€46 million at December 31, 2016). More information is disclosed in note 29 — Long-term debt and current portion of long-term debt. The offsetting of financial derivatives of €1,279 million (€1,281 million) related to Eni Trading & Shipping SpA for €1,144 million (€1,145 million at December 31, 2016) and Eni Trading & Shipping Inc for €135 million (€136 million at December 31, 2016). During the 2017, there were no transfers between the different hierarchy levels of fair value. |
Assets held for sale and liabil
Assets held for sale and liabilities directly associated with assets held for sale | 12 Months Ended |
Dec. 31, 2017 | |
Assets Held For Sale And Liabilities Directly Associated With Assets Held For Sale | |
Disclosure of discontinued operations [text block] | 35 Assets held for sale and liabilities directly associated with assets held for sale As of December 31, 2017, assets held for sale and the related directly associated liabilities of €323 million and €87 million, respectively, related to: (i) an agreement signed by Eni and MET Holding AG to divest 98.99% (entire stake owned) of Tigáz Zrt and Tigáz DSO (100% Tigáz Zrt) to MET, including Eni’s gas distribution operations in Hungary. The transaction is subject to regulatory approval by the relevant authorities. The carrying amount of assets held for sale and directly associated liabilities amounted to €241 million (of which current assets for €31 million) and €65 million (of which current liabilities for €27 million), respectively; (ii) the sale by Lasmo Sanga Sanga of the business relating to a 26.25% stake (entire stake owned) of the PSA in the Sanga Sanga gas and condensates field. The carrying amount of assets held for sale and directly associated liabilities amounted to €53 million (of which current assets for €37 million) and €22 million (of which current liabilities for €10 million), respectively; (iii) the sale of a 50% (entire stake owned) interest in the joint venture Unimar Llc, a minor investment and tangible assets for a total amount of €29 million. |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of classes of share capital [abstract] | |
Disclosure of share capital, reserves and other equity interest [text block] | 36 Shareholders’ equity Non-controlling interest Net profit Shareholders’ equity (€ million) 2017 2016 December 31, 2017 December 31, 2016 EniPower Mantova SpA 4 5 23 21 Adriaplin Doo 2 2 14 13 Serfactoring SpA (3 ) 12 15 3 7 49 49 Eni shareholders’ equity (€ million) December 31, 2017 December 31, 2016 Share capital 4,005 4,005 Legal reserve 959 959 Reserve for treasury shares 581 581 Reserve related to the fair value of cash flow hedging derivatives net of the tax effect 183 189 Reserve related to the fair value of available-for-sale securities net of the tax effect 4 Reserve related to the defined benefit plans net of tax effect (114 ) (112 ) Other reserves 280 211 Cumulative currency translation differences 4,818 10,319 Treasury shares (581 ) (581 ) Retained earnings 35,966 40,367 Interim dividend (1,441 ) (1,441 ) Net profit (loss) for the year 3,374 (1,464 ) 48,030 53,037 Share capital As of December 31, 2017, the parent company’s issued share capital consisted of €4,005,358,876 represented by 3,634,185,330 ordinary shares without nominal value (same amounts as of December 31, 2016). On April 13, 2017, Eni’s Shareholders’ Meeting resolved the distribution of a dividend of €0.40 per share, with the exclusion of treasury shares held at the ex-dividend date, in full settlement of the 2016 dividend of €0.80 per share, of which €0.40 per share paid as interim dividend in September 2016. 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 of €581 million (same amount as of December 31, 2016) represents the reserve that was established in previous reporting period to repurchase the Company shares in accordance with resolutions at Eni’s Shareholders’ Meetings. Reserves related to the fair value measurement of cash flow hedging derivatives, available-for-sale financial assets and defined benefit plans The reserves related to the valuation at fair value of cash flow hedging derivatives, available-for-sale financial instruments and defined benefit plans, net of the related tax effect, consisted of the following: Cash flow hedge derivatives Available-for-sale financial instruments Defined benefit plans Total (€ million) Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Reserve as of December 31, 2016 246 (57 ) 189 5 (1 ) 4 (99 ) (13 ) (112 ) 152 (71 ) 81 Changes of the year 2017 (59 ) 14 (45 ) (5 ) 1 (4 ) (33 ) 29 (4 ) (97 ) 44 (53 ) Foreign currency translation differences (1 ) 3 2 (1 ) 3 2 Reversal of the year 2017 53 (14 ) 39 53 (14 ) 39 Reserve as of December 31, 2017 240 (57 ) 183 (133 ) 19 (114 ) 107 (38 ) 69 Reserve as of December 31, 2015 (637 ) 163 (474 ) 9 (1 ) 8 (111 ) 10 (101 ) (739 ) 172 (567 ) Changes of the year 2016 360 (90 ) 270 (3 ) (3 ) 16 (35 ) (19 ) 373 (125 ) 248 Foreign currency translation differences (4 ) 12 8 (4 ) 12 8 Reversal of the year 2016 523 (130 ) 393 (1 ) (1 ) 522 (130 ) 392 Reserve as of December 31, 2016 246 (57 ) 189 5 (1 ) 4 (99 ) (13 ) (112 ) 152 (71 ) 81 Other reserves Other reserves amounting to €280 million (€211 million at December 31, 2016) related to: • a reserve of €247 million representing the increase in Eni shareholders’ equity associated with a business combination under common control, whereby the parent company Eni SpA divested its subsidiary Snamprogetti SpA to Saipem Projects SpA (both merged into Saipem SpA) at a price higher than the book value of the interest transferred (same amount as of December 31, 2016); • a reserve of €63 million deriving from Eni SpA’s equity (same amount as of December 31, 2016); • a reserve of €90 million relating to the share of “Other comprehensive income” on equity accounted entities (€21 million at December 31, 2016); • a reserve of €4 million representing the impact on Eni shareholders’ equity associated with the acquisition of a non-controlling interest of 48.55% in the subsidiary Tigáz Zrt (same amount as of December 31, 2016); • a negative reserve of €124 million representing the impact on Eni shareholders’ equity associated with the acquisition of a non-controlling interest of 45.99% in the subsidiary Altergaz SA, now Eni Gas & Power France SA (same amount as of December 31, 2016). Cumulative foreign currency translation differences The cumulative foreign currency translation differences arose from the translation of financial statements denominated in currencies other than euro. Treasury shares A total of 33,045,197 Eni’s ordinary shares (same amount as of December 31, 2016) were held in treasury for a total cost of €581 million (same amount as of December 31, 2016). Interim dividend The interim dividend for the year 2017 amounted to €1,441 million corresponding to €0.40 per share, as resolved by the Board of Directors on September 14, 2017, in accordance with Article 2433-bis, paragraph 5 of the Italian Civil Code; the dividend was paid on September 20, 2017. Distributable reserves As of December 31, 2017, Eni shareholders’ equity included distributable reserves of approximately €43.2 billion. Reconciliation of net profit and shareholders’ equity of the parent company Eni SpA to consolidated net profit and shareholders’ equity Net profit Shareholders’ equity (€ million) 2017 2016 December 31, 2017 December 31, 2016 As recorded in Eni SpA’s Financial Statements 3,586 4,521 42,529 41,935 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company (466 ) (5,480 ) 6,110 12,384 Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity (1 ) (44 ) 145 240 - adjustments to comply with Group account policies 202 (188 ) 719 461 - elimination of unrealized intercompany profits (88 ) (56 ) (807 ) (801 ) - deferred taxation 144 (210 ) (617 ) (1,133 ) 3,377 (1,457 ) 48,079 53,086 Non-controlling interest (3 ) (7 ) (49 ) (49 ) As recorded in Consolidated Financial Statements 3,374 (1,464 ) 48,030 53,037 |
Other information
Other information | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Notes And Other Explanatory Information Explanatory [Abstract] | |
Disclosure of notes and other explanatory information [text block] | 37 Other information Supplemental cash flow information (€ million) 2017 2016 2015 Disposal of consolidated subsidiaries and businesses Current assets 166 6,526 44 Non-current assets 814 8,615 125 Net borrowings (252 ) (5,415 ) (77 ) Current and non-current liabilities (205 ) (6,334 ) (45 ) Net effect of disposals 523 3,392 47 Reclassification of foreign currency translation differences among other items of comprehensive income 7 (34 ) Fair value of share capital held after the sale of control (1,006 ) Gain on disposal 2,148 11 66 Non-controlling interest (1,872 ) Selling price 2,671 532 79 less: Cash and cash equivalents (9 ) (894 ) (6 ) Disposal of consolidated subsidiaries and businesses net of cash and cash equivalent 2,662 (362 ) 73 Cash flow from disposals of 2017 related to: (i) the sale to ExxonMobil of a 25% interest in natural gas-rich Area 4 offshore Mozambique where development activities are ongoing to put into production the significant gas resources discovered by Eni. Particularly in 2017, Eni made the final investment decision (FID) of the Coral FLNG project regarding development of gas reserves. The cash consideration amounted to €2,362 million plus the corresponding portion of net borrowings of the business divested to the buyer amounting to €264 million; (ii) the sale of the whole interest in the consolidated company Eni Gas & Power NV and its subsidiary Eni Wind Belgium NV, operating in the gas & power retail activities in Belgium. The sale price amounted to €302 million including cash divested of €8 million. |
Guarantees, commitments and ris
Guarantees, commitments and risks | 12 Months Ended |
Dec. 31, 2017 | |
Guarantees Commitments And Risks | |
Disclosure of guarantees commitments and risks [text block] | 38 Guarantees, commitments and risks Guarantees December 31, 2017 December 31, 2016 (€ million) Unsecured guarantees Other guarantees Total Unsecured guarantees Other guarantees Total Consolidated subsidiaries 5,594 5,594 5,868 5,868 Unconsolidated subsidiaries 181 181 246 246 Consolidated joint operations 1 1 1 1 Joint ventures and associates 6,124 3,922 10,046 6,124 2,112 8,236 Others 352 352 202 202 6,124 10,050 16,174 6,124 8,429 14,553 Guarantees of €16,174 million (€14,553 million at December 31, 2016) increased by €1,621 million, reflecting new issuance on behalf of third parties who have contractual obligations towards Eni’s affiliates to build and finance the construction of an LNG Floating Production unit for the development of the Coral gas reserves discovered in Area 4 offshore Mozambique. Eni is operator of the project with a 25% interest through a 35.71% stake in the joint operation Mozambique Rovuma Venture SpA (former Eni East Africa SpA) following the sale, finalized in December 2017, to ExxonMobil of a 35.71% interest in the venture (being 50% of the whole Eni interest). The Coral project obtained final investment decision (FID) on 1 June 2017 following the sign of: (i) the Engineering Procurement Construction Installation and Commissioning (EPCIC) contract of a vessel for the floating production of LNG (FLNG) with the Technip — JGC — Samsung Heavy Industries consortium with a value of $5,248 million (€4,375 million); (ii) the project financing agreements with Export Credit Agencies (Sace, BPI, K-Exim, K-Sure e Sinosure) and commercial banks amounting to $4,676 million (€3,898 million). The FLNG plant is designed to treat approximately 3.37 million tonnes per year of LNG. A special purpose entity, Coral FLNG SA, will own and operate the unit. Eni retains a 25% interest in his entity, down from a 50% previously held following the divestment to ExxonMobil. The entity will operate under a service agreement with the Concessionaires of Area 4 for the liquefaction, storage and loading of the LNG. The LNG will be supplied to BP under a long-term LNG sale and purchase agreement with a take-or-pay clause and a twenty-year term, providing an option of extending the duration for up to ten consecutive years. Eni has issued through a subsidiary a parent company guarantee, whereby it irrevocably and unconditionally guarantees to the TJS consortium — the beneficiaries — the due and proper performance of the obligations of Coral FLNG SA in connection with execution of the EPCIC contract, up to the maximum liability of $1,312 million (€1,094 million) equal to 25% of the value of the contract. The maximum liability will be automatically reduced by any amount paid to the beneficiaries in respect of the guaranteed obligations. During the construction and the commissioning of the FLNG plant, the project financing agreement will be supported by a debt service undertaking, up to a maximum liability of $6,400 million equal to $1,600 million (€1,334 million) in proportion to Eni’s participating interest equal to 25% in the industrial initiative. Subsequently, in the running phase of the plant, once the performance tests have been validated by the lenders, that guarantee will be released and the financing facility will change into a non-recourse one, terminating the obligations of the Concessionaires and the Sponsors of Area 4. In that phase, the lenders will be assisted only by a guarantee on the perimeter of the project, without giving the gas reserves as guarantee. The financing and any collateral costs will be reimbursed to the lenders through a “pay-when-paid” clause, whereby loan repayments will be made through the cash flows associated with the sale of the LNG arising from the project to the long-term buyer, without any obligations from Eni and the other Sponsors and Concessionaires to guarantee the performance of Coral FLNG SA towards the lenders. Furthermore, the Sponsors subscribed, directly or through their affiliates, a credit facility which committed each Sponsors to finance pro-quota: (i) the share of capital expenditures to be borne by the Mozambique State-owned company ENH up to a maximum liability of $500 million equal to €417 million ($139 million equal to €116 million, being Eni’s share); (ii) the share of the debt service undertaking by ENH up to a maximum liability of $640 million, equal to €533 million ($178 million, equal to €148 million, being Eni’s share). Finally, as provided by the Exploration and Production Concession Contract that regulates the petroleum activities in Area 4, Eni SpA in its capacity as parent company of the operator Mozambique Rovuma Venture SpA has provided concurrently with the approval of the initial development plan of the Area reserves, 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 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 $1,500 million (€1,250 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 has been taken over by the other concessionaires (Kogas, Galp and ENH) and by ExxonMobil and CNPC shareholders of the joint operation Mozambico Rovuma Venture SpA, in proportion to their respective direct or indirect participating interest in the EPCIC of Area 4. In particular, the retaining interests pertaining to the two other shareholders amounted to 25% for ExxonMobil, following the acquisition of the 35.7% interest in the venture finalized in December 2017, and to 20% for CNPC. Other guarantees issued on behalf of consolidated subsidiaries of €5,594 million (€5,868 million at December 31, 2016) primarily consisted of: (i) guarantees given to third parties relating to bid bonds and performance bonds for €2,312 million (€1,965 million at December 31, 2016); (ii) VAT recoverable from tax authorities for €1,201 million (€1,380 million at December 31, 2016); (iii) a bank guarantee of €1,010 million (same amount as of December 31, 2016) issued on behalf of GasTerra in order to obtain the renunciation to a temporary seizure order on Eni’s investment in Eni International BV, requested and obtained by a Netherlands Court in July 2016; and (iv) insurance risk for €137 million reinsured by Eni (€141 million at December 31, 2016). At December 31, 2017, the underlying commitment covered by such guarantees was €5,563 million (€5,784 million at December 31, 2016). Other guarantees issued on behalf of unconsolidated subsidiaries of €181 million (€246 million at December 31, 2016) consisted of letters of patronage and other guarantees issued to commissioning entities relating to bid bonds and performance bonds for €176 million (€240 million at December 31, 2016). At December 31, 2017, the underlying commitment covered by such guarantees was €12 million (€53 million at December 31, 2016). Unsecured guarantees and other guarantees issued on behalf of joint ventures and associates of €10,046 million (€8,236 million at December 31, 2016) primarily consisted of: (i) an unsecured guarantee of €6,122 million (same amount as of December 31, 2016) given by Eni SpA to Treno Alta Velocità — TAV SpA (now RFI — Rete Ferroviaria Italiana SpA) for the proper and timely completion of a project relating to the Milan-Bologna fast track railway by CEPAV (Consorzio Eni per l’Alta Velocità) Uno (associated company of Saipem); consortium members, excluding Saipem Group, gave Eni liability of surety letters and bank guarantees amounting to 10% of their respective portion of the work; (ii) unsecured guarantees and other guarantees given to banks in relation to loans and lines of credit received for €1,623 million (€82 million at December 31, 2016), of which €1,334 million related to guarantees issued as part of the development project of the gas reserves at the Coral discovery in Area 4 offshore Mozambique on behalf of Coral South FLNG DMCC with respect to the financing agreements of the project with Export Credit Agencies and banks; and (iii) guarantees given to third parties relating to bid bonds and performance bonds for €2,122 million (€1,705 at December 31, 2016), of which €1,094 million related to guarantees issued for the construction of the FLNG as part of the development project of the gas reserves at the Coral project offshore Mozambique and €1,008 million given on behalf of Saipem Group (€1,705 million at December 31, 2016). At December 31, 2017, the underlying commitment covered by such guarantees was €2,594 million (€2,109 million at December 31, 2016). Unsecured and other guarantees given on behalf of third parties of €352 million (€202 million at December 31, 2016) primarily consisted of: (i) a guarantee issued on a pro-quota basis in the interest of ENH for the development of the Coral offshore project for €148 million ($178 million, Eni’s interest 25%); (ii) guarantees issued on behalf of Gulf LNG Energy and Gulf LNG Pipeline and on behalf of Angola LNG Supply Service Llc (Eni’s interest 13.6%) as security against payment commitments of fees in connection with the regasification activity for €169 million (€193 million at December 31, 2016). At December 31, 2016, the underlying commitment covered by such guarantees was €224 million (€202 million at December 31, 2016). Commitments and risks (€ million) December 31, 2017 December 31, 2016 Commitments 14,498 20,682 Risks 691 605 15,189 21,287 Other commitments of €14,498 million (€20,682 million at December 31, 2016) related to: (i) parent company guarantees that were issued in connection with certain contractual commitments for hydrocarbon exploration and production activities and quantified, on the basis of the capital expenditures to be incurred, to €11,289 million (€12,415 million at December 31, 2016); (ii) commitments entered by the Exploration& Production segment for operating leasing contracts (chartering, operation and maintenance) of FPSO vessels for €4,344 million outstanding at December 31, 2016 were set to zero following the start of the development projects in Angola and Ghana operated through the aforementioned FPSO vessels whose acquisition under operating leases entailed the recognition of future non-cancellable fees in the table “Future payments under contractual obligations” of this section; (iii) commitments assumed by Eni USA Gas Marketing Llc towards Angola LNG Supply Service Llc for the acquisition of volumes of regasified gas at the Pascagoula plant (United States) over a twenty-year period (until 2031) and towards Gulf LNG Energy for the acquisition of regasification capacity at the Pascagoula terminal (5.8 BCM/y) over a twenty-year period (until 2031). The expected commitments have been estimated at €2,113 million and €948 million, respectively (€2,541 million and €1,156 million at December 31, 2016, respectively) and have been included in off-balance sheet contractual commitments in the table “Future payments under contractual obligations”; and (iv) a memorandum of intent signed with the Basilicata Region, whereby Eni has agreed to invest €128 million (€129 million at December 31, 2016) 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”. Risks of €691 million (€605 million at December 31, 2016) primarily concerned potential risks associated with contractual assurances given to acquirers of certain investments and businesses of Eni for €235 million (€334 million at December 31, 2016) and the value of assets of third parties under the custody of Eni for €456 million (€271 million at December 31, 2016). Non-quantifiable commitments A parent company guarantee was issued on behalf of Cardón IV SA (Eni’s interest 50%), a joint venture that is currently executing development activities at the Perla gas field located in Venezuela, for the supplying to PDVSA GAS of the volumes of gas produced by the field until end of the concession agreement (2036). This guarantee cannot be quantified because the penalty clause for unilateral anticipated resolution originally set for Eni and the relevant quantification became ineffective due to a revision of the contractual terms. 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 share (50%) of the contractual volumes of gas to be delivered to PDVSA GAS amounted to a total of $16 billion (€13.3 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. Following the integration signed on April 19, 2011, Eni confirmed to RFI — Rete Ferroviaria Italiana SpA its commitment, previously assumed under the convention signed with Treno Alta Velocità — TAV SpA (now RFI — Rete Ferroviaria Italiana SpA) on October 15, 1991, to guarantee a correct and timely execution of the section Milano-Brescia of the high-speed railway from Milan to Verona. Such integration provides for CEPAV (Consorzio Eni per l’Alta Velocità) Due to act as general contractor. In order to pledge the guarantee given, the regulation of CEPAV (Consorzio Eni per l’Alta Velocità) Due binds the associates to give proper sureties and guarantees on behalf of Eni. Eni is liable for certain non-quantifiable risks related to contractual assurances 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 liquidity. Risk factors Financial risks Financial risks are managed in respect of guidelines issued by the Board of Directors of Eni SpA in its role of directing and setting of 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 aim of the risk management, the valuation methodology, the structure of limits, the relation 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 operations based on the Company’s departments of operational finance: the parent company’s (Eni SpA) finance department, Eni Finance International SA, Eni Finance USA Inc and Banque Eni SA, which is subject to certain bank regulatory restrictions preventing the Group’s exposure to concentrations of credit risk, and Eni Trading & Shipping that is in charge to execute certain activities relating to commodity derivatives. In particular, Eni’s 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 are managed by the parent company. The commodity risk associated with commercial exposures of each business unit (Eni’s business line or subsidiaries) is pooled and managed by the Gas & LNG Marketing and Power business line, which manages the market risk component in a view of portfolio, while Eni Trading & Shipping SpA executes the negotiation of commodity derivatives over the market. Eni SpA and Eni Trading & Shipping SpA (also through its 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 operations through Eni Trading & Shipping 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 (in particular, back-to-back activities, flow hedging activities, asset-backed hedging activities and portfolio-management activities) 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 the proprietary trading is considered separately from the other activities in specific portfolios of Eni Trading & Shipping, its 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: (i) 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; (ii) 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 (iii) 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 of 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 Trading & Shipping. 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 Trading & Shipping, in addition to managing risk exposure associated with its own commercial activity and proprietary trading, pools the requests for negotiating commodity derivatives and executes them on the marketplace. According to the targets of financial structure included in the financial plan approved by the Board of Directors, Eni has 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 the 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 the euro (mainly the U.S. dollar). Revenues and expenses denominated in foreign currencies may be significantly affected by exchange rates 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 the euro are translated from their functional currency into euro. Generally, an appreciation of the U.S. dollar versus the 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 the 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 central finance department, which pools 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. Changes in fair value of those derivatives are normally recognized through profit and loss, as they do not meet the formal criteria to be recognized as hedges. 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-hour period within a 99% confidence level and a 20-day holding period. 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 the management’s finance plans. The Group’s central finance department pools borrowing requirements of the Group companies in order to manage net positions and fund portfolio developments consistent with management plans, thereby maintaining a level of risk exposure within prescribed limits. Eni enters into interest rate derivative transactions, in particular interest rate swaps, to manage effectively the balance between fixed and floating rate debt. Such derivatives are evaluated at fair value based on market prices provided from specialized sources. Changes in fair value of those derivatives are normally recognized through the profit and loss account, as they do not meet the formal criteria to be accounted for under the hedge accounting method. 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 Eni’s results of operations are affected by changes in the prices of commodities. A decrease in oil&gas prices generally, has a negative impact on Eni’s results of operations and vice versa, and may jeopardize the achievement of the financial targets preset in the Company’s four-year plans and 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. These exposures include those associated with the program for the production of proved and unproved oil&gas reserves, long-term gas supply contracts for the portion not balanced by ongoing or highly probable sale contracts, refining margins identified by the Board of Directors as of strategic nature (the remaining volumes can be allocated to the active management of the margin or to asset-backed hedging activities) and minimum compulsory stocks; (ii) commercial exposure: includes the exposures related to the components underlying the contractual arrangements of industrial and commercial activities and, if related to take-or-pay commitments, to the components related to the time horizon of the four-year plan and budget 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; and (iii) proprietary trading exposure: includes operations independently conducted for profit purposes in the short term, and normally not finalized to the delivery, both within the commodity and financial markets, with the aim to obtain a profit upon the occurrence of a favorable result in the market, in accordance with specific limits of authorized risk (VaR, stop loss). In the proprietary trading exposures are included the origination activities, if not connected to contractual or physical assets. 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. Strategic risk is subject to measuring and monitoring but is not subject to specific risk limits. If previously authorized by the Board of Directors, 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 derivatives (by activating logics of internal market). Eni manages exposure to commodity price risk arising in normal trading and commercial activities in view of achieving stable economic results. The commodity risk and the exposure to commodity prices fluctuations embedded in commodities quoted in currencies other than the euro at each business line (Eni’s Divisions or subsidiaries) is pooled and managed by the Portfolio Management unit for commodities, and by Eni’s finance department for exchange rate requirements. The Portfolio Management unit manages business lines’ risk exposures to commodities, pooling and optimizing Group companies’ exposures and hedging net exposures on the trading venues through the trading unit of Eni Trading & Shipping. In order to manage commodity price risk, Eni uses derivatives traded on the organized markets MTF, OTF and derivatives traded over the counter (swaps, forward, contracts for differences and options on commodities) with the underlying commodities being crude oil, gas, refined products, electricity or emission certificates. Such derivatives are evaluated at fair value based on market prices provided from specialized sources or, absent market prices, on the basis of 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) would affect the value of these instruments when evaluated at fair value. 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. The setting up and maintenance of the liquidity reserve is mainly aimed to: (i) guarantee of financial flexibility. Liquidity should allow Eni Group to fund any extraordinary need (such as difficulty in access to credit, exogenous shock, macroeconomic environment, as well as merger and acquisitions); and (ii) ensure a full coverage of short-term debts and a coverage of medium and long-term financial debts due within a time horizon of 24 months, even in case of restrictions to credit. 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, duration, ratings, liquidity and instruments to invest on. Financial leverage or short selling is not allowed. Activities in terms of strategic liquidity management started in the second half of the year 2013 and throughout the course of the years 2014 and 2015, the investment portfolio has maintained an average credit rating of A/A-, accordingly with the decrease in the Company’s credit rating. The following table shows amounts in terms of VaR, recorded in 2017 (compared with 2016) relating to interest rate and exchange rate risks in the first section and commodity risk. (Value at risk — parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2017 2016 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 3.76 1.72 2.38 2.58 5.27 2.55 3.62 3.42 Exchange rate (a) 0.57 0.08 0.22 0.26 0.34 0.04 0.14 0.17 ________ (a) Value at risk deriving from interest and exchange rates exposures include the following finance department: Eni Corporate Treasury Department, Eni Finance International SA, Banque Eni SA and Eni Finance USA Inc. (Value at risk — Historic simulation weighted method; holding period: 1 day; confidence level: 95%) 2017 2016 (€ million) High Low Average At year end High Low Average At year end Commercial exposures - Management Portfolio (a) 21.14 5.15 12.24 5.15 19.03 4.23 10.24 9.41 Trading (b) 2.29 0.21 0.79 0.66 2.58 0.27 0.87 1.35 ________ (a) Refers to the Gas & LNG Marketing Power business line (risk exposure from Refining & Marketing business line and Gas & Power Division), Eni Trading & Shipping commercial portfolio, operating branches outside Italy pertaining to the Divisions and from October 2016 the Gas and Luce Business line. For the gas&power business lines, following the approval of the Eni’s Boa |
Revenues
Revenues | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Revenue Explanatory [Abstract] | |
Disclosure of revenue [text block] | 39 Revenues Net sales from operations (€ million) 2017 2016 2015 Revenues from sales and services 66,920 55,764 72,290 Change in contract work in progress (1 ) (2 ) (4 ) 66,919 55,762 72,286 Revenues from sales were stated net of the following items: (€ million) 2017 2016 2015 Excise taxes 11,378 11,913 11,889 Services recharged to joint venture partners 4,702 4,441 5,609 Sales to service station managers for sales billed to holders of credit cards 1,675 1,553 1,643 Exchanges of oil sales (excluding excise taxes) 994 878 1,154 18,749 18,785 20,295 Net sales from operations by industry segment and geographical area of destination are disclosed in note 46 — Information by industry segment and by geographical area. Net sales from operations with related parties are disclosed in note 47 — Transactions with related parties. Other income and revenues (€ million) 2017 2016 2015 Gains from sale of assets and businesses 3,288 14 459 Gains on price adjustments under overlifting/underlifting transactions 166 238 253 Lease and rental income 84 81 85 Contract penalties and other trade revenues 42 72 36 Compensation for damages 9 122 36 Other proceeds (*) 469 404 383 4,058 931 1,252 _______ (*) Each individual amount included herein was lower than €50 million. Gains from the sale of assets and business of €3,288 million related to the divestment of a 25% stake in natural gas-rich Area 4 offshore Mozambique (€1,985 million) and of a 40% stake in the Zohr project (€1,281 million). Compensations for 2016 of €122 million related to a loss in property value following an accident occurred at the EST conversion plant at the Sannazzaro refinery. Other income and revenues with related parties are disclosed in note 47 — Transactions with related parties. |
Costs
Costs | 12 Months Ended |
Dec. 31, 2017 | |
Costs | |
Disclosure of expenses [text block] | 40 Costs Purchase, services and other (€ million) 2017 2016 2015 Production costs - raw, ancillary and consumable materials and goods 35,907 27,783 39,812 Production costs - services 12,228 12,727 13,197 Operating leases and other 1,684 1,672 2,205 Net provisions for contingencies 886 505 644 Expenses for price variation on overliftling and underlifting operations 145 240 278 Other expenses 1,844 1,512 1,135 52,694 44,439 57,271 less: - capitalized direct costs associated with self-constructed assets - tangible assets (224 ) (297 ) (323 ) - capitalized direct costs associated with self-constructed assets - intangible assets (9 ) (18 ) (100 ) 52,461 44,124 56,848 Purchase, services and other include geological and geophysical expenses related to the exploration activities of the Exploration & Production segment amounting to €273 million (€204 million and €254 million in 2016 and 2015, respectively) and operating leases for €1,022 million (€566 million and €635 million in 2016 and 2015, respectively). Costs incurred in connection with research and development activities recognized in profit and loss, as they did not meet the requirements to be recognized as long-lived assets, amounted to €185 million (€161 million and €176 million in 2016 and 2015, respectively). Royalties on the extraction of hydrocarbons amounted to €674 million (€572 million and €865 million in 2016 and 2015, respectively). Other expenses of €1,844 million (€1,512 million and €1,135 million in 2016 and 2015, respectively) included an allowance for doubtful accounts in of the Gas & Power segment, primarily in the retail business, for €446 million (€399 million and €549 million in 2016 and 2015, respectively). Future minimum lease payments expected to be paid under non-cancelable operating leases are provided below: (€ million) 2017 2016 2015 To be paid: - within 1 year 883 593 495 - between 2 and 5 years 1,710 1,040 1,061 - beyond 5 years 1,939 785 809 4,532 2,418 2,365 Operating leases primarily comprised long-term rentals of FPSO vessels and, to a lesser extent, rates for drilling rigs, time charter and land, service stations and office buildings. Such leases generally did not include renewal options. There are no significant restrictions provided by these operating leases that may limit the ability of Eni to pay dividends, use assets or take on new borrowing. The increase of €2,114 million compared to 2016 in future minimum payments for operating lease obligations is due for €2,280 million to commitments undertaken by the Exploration & Production segment for the operating leases of two FPSO ships following the start-up in 2017 of the development projects in Angola and Ghana. Risk provisions net of reversal of unused provisions amounted to €886 million (€505 million and €644 million in 2016 and 2015, respectively) and mainly related to net provisions for litigations amounting to €375 million (net provisions of €55 million and €179 million in 2016 and 2015, respectively) and net provisions for environmental liabilities amounting to €200 million (net provisions of €198 million and €232 million in 2016 and 2015, respectively). More information is provided in note 30 — Provisions for contingencies. Risk provisions net of reversal of unused provisions by industry segment are disclosed in note 46 — Information by industry segment and by geographical area. Payroll and related costs (€ million) 2017 2016 2015 Wages and salaries 2,447 2,491 2,648 Social security contributions 441 445 453 Cost related to employee benefit plans 113 81 85 Other costs 162 202 182 3,163 3,219 3,368 less: - capitalized direct costs associated with self-constructed assets - tangible assets (202 ) (215 ) (203 ) - capitalized direct costs associated with self-constructed assets - intangible assets (10 ) (10 ) (46 ) 2,951 2,994 3,119 Other costs of €162 million (€202 million and €182 million in 2016 and 2015, respectively) comprised provisions for redundancy incentives of €18 million (€47 million and €31 million in 2016 and 2015, respectively) and costs for defined contribution plans of €90 million (€83 million and €86 million in 2016 and 2015, respectively). Cost related to employee benefit plans are described in note 31 — Provisions for employee benefits. Average number of employees The Group average number and breakdown of employees by category is reported below: 2017 2016 2015 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 995 17 1,018 18 1,044 17 Junior managers 9,089 98 9,160 109 9,091 108 Employees 16,721 371 17,180 384 17,685 379 Workers 5,659 285 5,703 294 5,895 303 32,464 771 33,061 805 33,715 807 The average number of employees was calculated as the average between the number of employees at the beginning and the end of the period. In 2015, the amount does not include the employees of discontinued operations (Saipem Group). The average number of senior managers included managers employed and operating 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, the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 2017 – 2019 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. The Long-Term Monetary Incentive Plan 2017 – 2019 provides for three annual awards for the years 2017, 2018 and 2019 and is 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 Plan provides 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 this incentive falls within the category of employee compensation, in accordance with IFRS, the cost of the plan is determined based on the fair value of the financial instruments awarded to the beneficiaries and the number of shares that will be effectively granted at the end of the vesting period; the cost is accruing along the vesting period. The number of shares that will be granted at the end of the vesting period is conditioned on a 50 – 50 basis to actual results of two performance parameters against preset targets: (i) a 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 (“Peers Group”) 24 and the TSR of their corresponding stock exchange market 25 ; and (ii) growth in the Net Present Value (NPV) of proved reserves benchmarked against the Peer Group. Depending on the performance of the parameters mentioned above, the number of shares that will vest 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 initially awarded was 1,719,061; the weighted average fair value of the shares at the same date was €7.99 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 market condition of the plan and the Black-Scholes model for the component related to the NPV of the reserves) taking into account the fair value of the Eni share at the grant date (€13.81 per share), reduced by dividends expected along the vesting period (5.79% of the share price determined considering the dividends announced in the 12 months before the award), the volatility of the stock (25.12%), 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. The cost related to the long-term monetary incentive plan 2017 – 2019, recognized as a component of the payroll cost, amounted to €0.4 million with a contra-entry to equity reserves. ________ 24 The group consists of the following oil companies: ExxonMobil, Chevron, BP, Royal Dutch Shell, Total, ConocoPhillips, Statoil, Apache, Marathon Oil and Anadarko. 25 The performance condition connected with the TSR in accordance with the international accounting standards represents a so-called market condition. Compensation of key management personnel Compensation 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 (including contributions and ancillary costs) amounted to €43 million, €44 million and €42 million for 2017, 2016 and 2015, respectively, and consisted of the following: (€ million) 2017 2016 2015 Wages and salaries 25 26 26 Post-employment benefits 2 2 2 Other long-term benefits 9 12 12 Indemnities upon termination of employment 7 4 2 43 44 42 Compensation of Directors and Statutory Auditors Compensation of Directors amounted to €14.5 million, €7.1 million and €6.7 million for 2017, 2016 and 2015, respectively. Compensation of Statutory Auditors amounted to €0.760 million, €0.738 million and €0.551 million in 2017, 2016 and 2015, 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. Other operating income (loss) The analysis of net income (loss) on commodity derivatives was as follows: (€ million) 2017 2016 2015 Net income (loss) on cash flow hedging derivatives 12 (1 ) 2 Net income (loss) on other derivatives (44 ) 17 (487 ) (32 ) 16 (485 ) 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 in the Gas & Power segment. Net income (loss) on other derivatives included: (i) 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 amounting to a net loss of €44 million (net income of €36 million in 2016 and net loss of €471 million in 2015); and (ii) the fair value valuation at certain derivatives embedded in the pricing formulas of long-term gas supply contracts of the Exploration & Production segment amounting to a net loss of €19 million and €16 million in 2016 and in 2015, respectively. Operating expenses with related parties are reported in note 47 — Transactions with related parties. Depreciation and amortization (€ million) 2017 2016 2015 Depreciation, depletion and amortization: - tangible assets 7,199 7,308 8,646 - intangible assets 286 253 303 7,485 7,561 8,949 less: - capitalized direct costs associated with self-constructed assets - tangible assets (2 ) (2 ) (9 ) 7,483 7,559 8,940 Depreciation and amortization by industry segment are disclosed in note 46 — Information by industry segment and by geographical area. Net impairment (reversal) (€ million) 2017 2016 2015 Impairments: - tangible assets 848 1,067 5,993 - intangible assets 14 544 862 1,067 6,537 less: - reversal of impairments - tangible assets (1,055 ) (1,153 ) (3 ) - reversal of impairments - intangible assets (32 ) (389 ) (225 ) (475 ) 6,534 Net impairment (reversal) by industry segment are disclosed in note 46 — Information by industry segment and by geographical area. Write-off (€ million) 2017 2016 2015 Write-off - tangible assets 239 289 678 - intangible assets 24 61 10 263 350 688 Write-off by industry segment are disclosed in note 46 — Information by industry segment and by geographical area. |
Finance income (expense)
Finance income (expense) | 12 Months Ended |
Dec. 31, 2017 | |
Finance Income Expense Details 1 | |
Disclosure of finance income (cost) [text block] | 41 Finance income (expense) (€ million) 2017 2016 2015 Finance income (expense) Finance income 3,924 5,850 8,635 Finance expense (5,886 ) (6,232 ) (10,104 ) Net finance income (expense) from financial assets held for (111 ) (21 ) 3 (2,073 ) (403 ) (1,466 ) Income (expense) from derivative financial instruments 837 (482 ) 160 (1,236 ) (885 ) (1,306 ) The breakdown by lenders or type of net finance income or expense is provided below: (€ million) 2017 2016 2015 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (638 ) (639 ) (740 ) Interest due to banks and other financial institutions (113 ) (118 ) (98 ) Net finance income (expense) from financial assets held for trading (111 ) (21 ) 3 Interest from banks 12 15 19 Interest and other income from financial receivables and securities held for non-operating purposes 16 37 2 (834 ) (726 ) (814 ) Exchange differences Positive exchange differences 3,549 5,579 8,400 Negative exchange differences (4,454 ) (4,903 ) (8,754 ) (905 ) 676 (354 ) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 128 143 120 Capitalized finance expense 73 106 166 Finance expense due to the passage of time (accretion discount) (a) (264 ) (312 ) (291 ) Other finance (expense) (271 ) (290 ) (293 ) (334 ) (353 ) (298 ) (2,073 ) (403 ) (1,466 ) ___________ (a) The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. Finance income (loss) on derivative financial instruments consisted of the following: (€ million) 2017 2016 2015 Derivatives on exchange rate 809 (494 ) 96 Derivatives on interest rate 28 (12 ) 31 Options 24 33 837 (482 ) 160 Net income from derivatives of €837 million (net loss of €482 million and net income of €160 million in 2016 and 2015, respectively) was recognized in connection with 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 in the Gas & Power segment. The lack of formal requirements to qualify these derivatives as hedges under IFRS also entailed the recognition in profit or loss of currency translation differences on assets and liabilities denominated in currencies other than functional currency, as this effect cannot be offset by changes in the fair value of the related instruments. Net income on options of 2016 of €24 million (net income of €33 million in 2015) related to: (i) the reversal through profit and loss of the fair value reserve relating to the embedded options of the bond convertible into ordinary shares of Snam SpA amounting to an income of €26 million (income of €33 million in 2015); (ii) the fair value of the option embedded in non-dilutive equity-linked convertible bond for a net loss of €2 million. Finance income (expense) with related parties is disclosed in note 47 — Transactions with related parties. |
Income (expense) from investmen
Income (expense) from investments | 12 Months Ended |
Dec. 31, 2017 | |
Income Expense From Investments Details 1 | |
Disclosure of Income expense from investments [text block] | 42 Income (expense) from investments Share of profit (loss) of equity-accounted investments (€ million) 2017 2016 2015 Share of profit from equity-accounted investments 124 77 150 Share of loss from equity-accounted investments (353 ) (370 ) (615 ) Decreases (increases) in the provision for losses on investments from equity accounted investments (38 ) (33 ) (6 ) (267 ) (326 ) (471 ) More information is provided in note 20 – Investments. Share of profit or loss of equity accounted investments by industry segment is disclosed in note 46 — Information by industry segment and by geographical area. Other gain (loss) from investments (€ million) 2017 2016 2015 Dividends 205 143 402 Net gain (loss) on disposals 163 (14 ) 164 Other net income (expense) (33 ) (183 ) 10 335 (54 ) 576 In 2017, dividend income of €205 million essentially related to Nigeria LNG Ltd for €167 million and to Saudi European Petrochemical Co for €21 million. In 2016, dividend income of €143 million essentially related to Nigeria LNG Ltd for €76 million and to Saudi European Petrochemical Co for €45 million. In 2015, dividend income of €402 million primarily related to Nigeria LNG Ltd for €222 million, Snam SpA for €72 million, to Saudi European Petrochemical Co for €69 million and Galp Energia SGPS SA for €21 million. In 2017, net gain on disposals amounting to €163 million related to the sale of the 100% share capital of Eni Gas & Power NV and its subsidiary Eni Wind Belgium NV. In 2016, net loss on disposals amounting to €14 million related to: (i) a loss of €32 million for the sale of 2.22% share capital (entire stake owned) of Snam SpA; (ii) a gain of €11 million related to the sale of 100% share capital of Eni Hungaria Zrt and Eni Slovenjia Doo; and (iii) a gain of €6 million related to the sale of 30% share capital (entire stake own) of Pokrovskoe Petroleum BV and the sale of the 60% share capital (entire stake owned) of Zagoryanska Petroleum BV. In 2015, net gains on disposals amounting to €164 million related to: (i) a gain of €98 million for the sale of an 8% stake in Galp Energia SGPS SA; (ii) a gain of €46 million for the sale of a 6.03% stake in Snam SpA; (iii) a gain of €32 million for the sale of 100% stake in Ceská Republika Sro; (iv) a gain of €31 million for the sale of a 100% stake of Eni Romania Srl; (v) a gain of €6 million for the sale of 32.445% stake (entire stake owned) in Ceská Rafinérská AS (CRC); (vi) a gain of €1 million of 100% stake in Eni Slovensko Spol Sro; and (vii) a loss of €47 million for the sale of a 76% stake in Inversora de Gas Cuyana SA (entire stake owned), a 6.84% stake in Distribudora de Gas Cuyana SA (entire stake owned), a 25% stake in Inversora de Gas del Centro SA (entire stake owned) and a 31.35% stake in Distribudora de Gas del Centro SA (entire stake owned). In 2017, other net losses of €33 million included the impairment of Unión Fenosa Gas SA for €35 million. In 2016, other net losses of €183 million included: (i) an impairment for €162 million relating to Unión Fenosa Gas SA (€84 million), PetroSucre SA (€65 million) and Genomatica Inc (€13 million). In 2015, other net income of €10 million included: (i) a gain on the remeasurement at market fair value of 77.7 million shares of Snam SpA for €49 million to which the fair value option was applied as provided for by IAS 39; (ii) a reversal of unutilized provision for losses on investments of €10 million relating to Caspian Pipeline Consortium R — Closed Joint Stock Co; and (iii) an impairment for €49 million relating to Unión Fenosa Gas SA. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Income Tax Explanatory [Abstract] | |
Disclosure of income tax [text block] | 43 Income taxes (€ million) 2017 2016 2015 Current taxes: - Italian subsidiaries 712 195 155 - subsidiaries of the Exploration & Production segment - outside Italy 3,167 2,671 4,015 - other subsidiaries - outside Italy 142 133 218 4,021 2,999 4,388 Net deferred taxes: - Italian subsidiaries (464 ) (243 ) 881 - subsidiaries of the Exploration & Production segment - outside Italy (162 ) (813 ) (2,156 ) - other subsidiaries - outside Italy 72 (7 ) 9 (554 ) (1,063 ) (1,266 ) 3,467 1,936 3,122 Current income taxes payable by Italian subsidiaries amounted to €712 million and were in respect of the Italian corporate taxation IRES for €26 million and IRAP for €20 million and foreign taxes on the share of profit earned outside Italy for €666 million. The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24% (27.5% in 2016 and in 2015) and the effective tax charge is the following: (€ million) 2017 2016 2015 Profit (loss) before taxation 6,844 892 (4,277 ) Tax rate (IRES) (%) 24.0 27.5 27.5 Statutory corporation tax charge (credit) on profit or loss 1,643 245 (1,176 ) Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 1,882 1,152 2,576 - impact pursuant to the write-off of deferred tax assets and recalculation of tax rates (96 ) 397 1,514 - effect due to the tax regime provided for intercompany dividends 1 87 114 - Italian regional income tax (IRAP) 77 42 100 - effect due to non-taxable gains/losses on sales of investments (177 ) 8 (39 ) - impact pursuant to redetermination of the Italian Windfall Corporate tax as per Law 7/2009 61 - effect due to discontinued operations (288 ) - other adjustments 76 5 321 1,824 1,691 4,298 Effective tax charge 3,467 1,936 3,122 In 2017, the higher tax charges at non-Italian subsidiaries of €1,882 million related to the Exploration & Production segment for €1,811 million. In 2016, the higher tax charges at non-Italian subsidiaries of €1,152 million related to the Exploration & Production segment for €1,211 million. The impact pursuant to the write-off of deferred tax assets and recalculation of tax rates of €397 million was incurred at Italian subsidiaries and essentially related to a write-off at deferred tax assets due to projections of lower future taxable profit. In 2015, the higher tax charges at non-Italian subsidiaries of €2,576 million related to the Exploration & Production segment for €2,410 million, including a write-off of deferred tax assets due to a reduced profitability outlook of €1,058 million. The impact pursuant to the write-off of deferred tax assets and recalculation of tax rates of €1,514 million was incurred at Italian subsidiaries and related to a write-off at deferred tax assets due to projections of lower future taxable profit and to a reduction due to a change in the statutory tax rate from 27.5% to 24%, starting from January 1, 2017. The effect due to the Italian regional income tax (IRAP) of €100 million included a write-off at deferred tax assets due to projections of lower future taxable profit for €54 million. |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share | |
Disclosure of earnings per share [text block] | 44 Earnings per share Basic earnings per ordinary share are calculated by dividing net profit for the period attributable to Eni’s shareholders by the weighted average number of ordinary shares issued and outstanding during the period, excluding treasury shares. The average number of ordinary shares used for the calculation of the basic earnings per share in 2017 was 3,601,140,133 (same amount in 2016 and 2015). Diluted earnings per share is calculated by dividing the net profit of the period attributable to Eni’s shareholders by the weighted average number of shares fully-diluted including shares outstanding in the year and the number of potential shares to be issued in connection with stock-based compensation plans. As of December 31, 2017, the shares that could be potentially issued related the estimation of new share that will vest in connection with the long-term monetary incentive plan. The weighted average number of outstanding shares used for calculating the diluted earnings per share is 1,691,413 for 2017 with immaterial impact on the fully-diluted earnings per share. In 2016 and 2015, there were no potential shares with dilutive effects. Reconciliation of the average number of shares used for the calculation for both basic and diluted earnings per share was as follows: 2017 2016 2015 Weighted average number of shares used for the calculation of the basic earnings per share 3,601,140,133 3,601,140,133 3,601,140,133 Potential share to be issued for ILT incentive plan 1,691,413 Weighted average number of shares used for the calculation of the diluted earnings per share 3,602,831,546 3,601,140,133 3,601,140,133 Eni’s net profit (€ million) 3,374 (1,464 ) (8,778 ) Basic earning (loss) per share (euro per share) 0.94 (0.41 ) (2.44 ) Diluted earning (loss) per share (euro per share) 0.94 (0.41 ) (2.44 ) Eni’s net profit - Continuing operations (€ million) 3,374 (1,051 ) (7,952 ) Basic earning (loss) per share (euro per share) 0.94 (0.29 ) (2.21 ) Diluted earning (loss) per share (euro per share) 0.94 (0.29 ) (2.21 ) Eni’s net profit - Discontinued operations (€ million) (413 ) (826 ) Basic earning (loss) per share (euro per share) (0.12 ) (0.23 ) Diluted earning (loss) per share (euro per share) (0.12 ) (0.23 ) |
Exploration for evaluation of o
Exploration for evaluation of oil&gas resources | 12 Months Ended |
Dec. 31, 2017 | |
Exploration For Evaluation Of Oilgas Resources | |
Disclosure of Exploration and evaluation of oil and gas resources [Text Block] | 45 Exploration for evaluation of oil&gas resources (€ million) 2017 2016 2015 Revenues related to exploration activity and evaluation 9 4 68 Exploration activity and evaluation costs - write-off of exploration and evaluation costs 252 170 617 - other exploration costs 273 204 254 Exploration expense for the year 525 374 871 Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs 995 1,092 735 Tangible assets: capitalized exploration and evaluation costs 1,860 2,818 2,637 Total tangible and intangible assets 2,855 3,910 3,372 Provision for decommissioning related to exploration activity and evaluation 81 118 131 Exploration expenditure (net cash used in investing activivties) 442 417 566 Geological and geophysical costs (cash flow from operating activities) 273 204 254 Total exploration effort 715 621 820 |
Information by industry segment
Information by industry segment and by geographical area | 12 Months Ended |
Dec. 31, 2017 | |
Information By Industry Segment And By Geographical Area | |
Disclosure of entity's operating segments [text block] | 46 Information by industry segment and by geographical area Information by industry segment Eni’s segmental reporting reflects the Group’s operating segments, whose results are regularly reviewed by the chief operating decision maker (the CEO) to make decisions about resources to be allocated to each segment and to assess segment performance. Segment performance is evaluated based on operating profit or loss. Other segment information presented to the CEO include segment revenues and directly attributable assets and liabilities. As of December 31, 2017, Eni had the following reportable segments: • Exploration & Production: • Gas & Power: • Refining & Marketing and Chemical: • Corporate and other activities: The information by segmental reporting is the following: Discontinued operations (€ million) Exploration & Production Gas & Power Refining & Marketing and Chemical Engineering & Construction Corporate and other activities Adjustments of intragroup profits Total Engineering & Construction Intragroup eliminations Continuing operations 2017 Net sales from operations (a) 19,525 50,623 22,107 1,462 Less: intersegment sales (12,394 ) (10,777 ) (2,336 ) (1,291 ) Net sales to customers 7,131 39,846 19,771 171 66,919 66,919 Operating profit 7,651 75 981 (668 ) (27 ) 8,012 8,012 Net provisions for contingencies 479 (20 ) 182 245 886 886 Depreciation and amortization 6,747 345 360 60 (29 ) 7,483 7,483 Net impairments (reversals (158 ) (146 ) 54 25 (225 ) (225 ) Write-off 260 2 1 263 263 Share of profit (loss) of equity-accounted investments (99 ) (10 ) (57 ) (101 ) (267 ) (267 ) Identifiable assets (b) 66,661 11,058 11,599 1,108 (610 ) 89,816 Unallocated assets 25,112 Equity-accounted investments 1,234 509 321 1,447 3,511 Identifiable liabilities (c) 17,273 8,851 4,005 4,053 (306 ) 33,876 Unallocated liabilities 32,973 Capital expenditure 7,739 142 729 87 (16 ) 8,681 2016 Net sales from operations (a) 16,089 40,961 18,733 1,343 Less: intersegment sales (9,711 ) (8,898 ) (1,605 ) (1,150 ) Net sales to customers 6,378 32,063 17,128 193 55,762 55,762 Operating profit 2,567 (391 ) 723 (681 ) (61 ) 2,157 2,157 Net provisions for contingencies 123 50 171 438 (277 ) 505 505 Depreciation and amortization 6,772 354 389 72 (28 ) 7,559 7,559 Net impairments (reversals (700 ) 81 104 40 (475 ) (475 ) Write-off 153 2 195 350 350 Share of profit (loss) of equity-accounted investments (198 ) 19 (3 ) (144 ) (326 ) (326 ) Identifiable assets (b) 75,716 12,014 10,712 1,146 (520 ) 99,068 Unallocated assets 25,477 Equity-accounted investments 1,626 592 289 1,533 4,040 Identifiable liabilities (c) 17,433 8,923 3,968 3,939 (332 ) 33,931 Unallocated liabilities 37,528 Capital expenditure 8,254 120 664 55 87 9,180 2015 Net sales from operations (a) 21,436 52,096 22,639 11,507 1,468 Less: intersegment sales (12,115 ) (9,917 ) (2,007 ) (1,243 ) (1,314 ) Net sales to customers 9,321 42,179 20,632 10,264 154 82,550 (10,264 ) 72,286 Operating profit (959 ) (1,258 ) (1,567 ) (694 ) (497 ) (23 ) (4,998 ) 694 1,228 (3,076 ) Net provisions for contingencies 221 41 148 104 226 8 748 (104 ) 644 Depreciation and amortization 8,080 363 454 618 71 (28 ) 9,558 (618 ) 8,940 Net impairments (reversals 5,212 152 1,150 590 20 7,124 (590 ) 6,534 Write-off 686 2 688 688 Share of profit (loss) of equity-accounted investments (446 ) (2 ) (20 ) 17 (3 ) (454 ) (17 ) (471 ) Identifiable assets (b) 73,073 14,290 10,483 13,608 1,117 (543 ) 112,028 Unallocated assets 26,973 Equity-accounted investments 1,884 690 243 134 36 2,987 (134 ) 2,853 Identifiable liabilities (c) 17,742 9,313 3,657 5,861 3,824 (199 ) 40,198 Unallocated liabilities 41,394 Capital expenditure 9,980 154 628 561 64 (85 ) 11,302 ____________ (a) Before elimination of intersegment sales. (b) Includes assets directly associated with the generation of operating profit. (c) Includes liabilities directly associated with the generation of operating profit. Financial information by geographical area Identifiable assets and investments by geographical area of origin (€ million) Italy Other European Union Rest of Europe Americas Asia Africa Other areas Total 2017 Identifiable assets (a) 18,449 7,706 6,160 4,406 16,527 35,385 1,183 89,816 Capital expenditure in tangible and intangible assets 1,090 316 387 278 898 5,699 13 8,681 2016 Identifiable assets (a) 18,769 7,370 6,960 5,397 19,471 39,812 1,289 99,068 Capital expenditure in tangible and intangible assets 1,163 331 460 233 1,978 5,004 11 9,180 2015 Identifiable assets (a) 21,360 12,370 7,937 7,442 22,359 38,927 1,633 112,028 Capital expenditure in tangible and intangible assets 1,320 708 1,151 727 2,326 5,020 50 11,302 ____________ (a) Includes assets directly associated with the generation of operating profit. Sales from operations by geographical area of destination (€ million) 2017 2016 2015 Italy 21,925 21,280 24,405 Other European Union 19,791 15,808 20,730 Rest of Europe 5,911 4,804 7,125 Americas 5,154 3,212 4,217 Asia 7,523 5,619 9,086 Africa 6,428 4,865 6,482 Other areas 187 174 241 66,919 55,762 72,286 |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2017 | |
Transactions With Related Parties | |
Disclosure of transactions between related parties [text block] | 47 Transactions with related parties In the ordinary course of its business, Eni enters into transactions regarding: (a) exchange of goods, provision of services and financing with joint ventures, associates and non-consolidated subsidiaries; (b) exchange of goods and provision of services with entities controlled by the Italian Government; (c) exchange of goods and provision of services with 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 of Eni “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 under the materiality threshold provided for by the procedure. The solely non-exempted transaction, that was positively examined and valued in application of the procedure, concerned branding and advertising services (for an amount of lower than €1 million) conducted with Vodafone Italia SpA related to Eni SpA through of a member of the Board of Directors; and (d) contributions to entities with a non-company form referable 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 research and development; and (ii) Eni Enrico Mattei Foundation established by Eni with the aim of enhancing, through studies, research and training initiatives, knowledge 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. Trade and other transactions with related parties (€ million) December 31, 2017 2017 Receivables and other assets Payables and other liabilities Guarantees Costs Revenues Other operating (expense) Name Goods Services Other Goods Services Other income Joint ventures and associates Petrobel Belayim Petroleum Co 86 1,205 3,168 8 Coral FLNG SA 20 4 1,094 26 2 Saipem Group 63 76 7,270 450 5 30 9 Karachaganak Petroleum Operating BV 36 121 652 295 4 Mellitah Oil & Gas BV 5 220 34 461 2 Agiba Petroleum Co 1 83 142 Unión Fenosa Gas SA 57 1 2 202 28 Other(*) 84 22 26 113 1 82 39 7 295 1,731 8,421 713 4,629 7 289 105 18 28 Unconsolidated entities controlled by Eni Eni BTC Ltd 169 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 77 1 5 7 Other (*) 20 23 7 4 10 2 4 1 97 24 181 4 10 2 11 1 392 1,755 8,602 717 4,639 7 291 116 19 28 Entities controlled by the Government Enel Group 123 187 19 603 94 70 285 Snam Group 187 351 68 1,153 83 2 Terna Group 35 31 84 122 6 98 56 15 GSE - Gestore Servizi Energetici 69 219 303 6 197 470 211 21 2 Italgas Group 14 180 1 678 3 8 10 Other (*) 50 21 2 27 9 11 4 1 1 478 989 1 476 2,589 215 764 353 22 303 Pension funds and foundations 1 2 25 1 Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP» 39 145 19 484 27 42 910 2,891 8,603 1,212 7,712 274 1,056 511 41 331 _________ (€ million) December 31, 2016 2016 Receivables Payables Guarantees Costs Revenues Other Name Goods Services Other Goods Services Other income Joint ventures and associates Agiba Petroleum Co 1 50 156 Saipem Group 64 224 8,094 775 6 9 37 5 Karachaganak Petroleum Operating BV 47 187 573 333 12 7 1 19 Mellitah Oil & Gas BV 7 134 5 472 Petrobel Belayim Petroleum Co 225 532 1,940 2 Unión Fenosa Gas SA 57 93 1 Other (*) 114 25 1 32 113 86 44 13 47 458 1,152 8,152 610 3,789 18 195 82 40 47 Unconsolidated entities controlled by Eni Eni BTC Ltd 192 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 69 1 3 2 Other (*) 9 16 51 4 4 6 2 2 78 17 246 4 4 6 4 2 536 1,169 8,398 614 3,793 18 201 86 42 47 Entities controlled by the Government Enel Group 151 254 28 780 88 95 18 182 Snam Group 44 541 1 125 1,902 5 99 14 Terna Group 33 46 60 165 7 61 56 13 GSE - Gestore Servizi Energetici 58 32 206 5 32 344 68 2 5 Italgas Group 54 1 4 Other (*) 43 24 37 62 6 383 898 1 419 2,893 44 654 239 20 200 Pension funds and foundations 2 4 28 Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP» 176 331 5 413 5 58 12 1,095 2,400 8,399 1,038 7,103 95 855 383 74 247 Â (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2015 2015 Receivables and other assets Payables and other liabilities Guarantees Costs Revenues Other operating (expense) Name Goods Services Other Goods Services Other income Continuing operations Joint ventures and associates Agiba Petroleum Co 6 60 187 CEPAV (Consorzio Eni per l’Alta Velocità) Due 1 CEPAV (Consorzio Eni per l’Alta Velocità) Uno 6,122 Karachaganak Petroleum Operating BV 48 171 748 403 8 10 Mellitah Oil & Gas BV 8 16 46 339 19 Petrobel Belayim Petroleum Co 16 183 543 Petromar Lda 2 6 Unión Fenosa Gas SA 1 57 (4 ) Other (*) 118 42 27 124 1 60 70 37 (2 ) 199 473 6,185 821 1,596 9 60 99 37 (6 ) Unconsolidated entities controlled by Eni Eni México S. de RL de CV 101 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 65 1 9 3 Other (*) 17 19 3 2 2 4 2 2 82 20 113 2 2 4 5 2 281 493 6,298 823 1,598 9 64 104 39 (6 ) Entities controlled by the Government Enel Group 138 203 1,063 196 134 90 Snam Group 144 522 3 137 2,014 5 249 24 1 Terna Group 18 42 109 125 14 77 19 29 12 GSE - Gestore Servizi Energetici 44 63 419 5 35 307 43 Other (*) 22 38 56 6 29 1 366 868 3 665 3,263 60 858 221 30 102 Pension funds and foundations 1 2 4 50 Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP» 185 300 453 12 35 60 833 1,663 6,301 1,488 5,318 131 957 385 69 96 Discontinued operations Joint ventures and associates CEPAV (Consorzio Eni per l’Alta Velocità) Due 60 99 68 101 145 CEPAV (Consorzio Eni per l’Alta Velocità) Uno 9 3 3 1 KWANDA - Suporte Logistico Lda 69 10 5 8 Mellitah Oil & Gas BV 9 7 Petrobel Belayim Petroleum Co 19 86 Petromar Lda 97 16 16 45 Other (*) 14 27 10 54 1 21 1 277 155 68 10 181 5 1 306 1 Unconsolidated entities controlled by Eni Other (*) 1 1 2 1 1 2 Entities controlled by the Government Snam Group 25 46 36 Other (*) 5 3 25 51 3 36 Pension funds and foundations 1 303 207 68 10 186 6 1 342 1 1,136 1,870 6,369 1,498 5,504 137 958 727 70 96 ___________ (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • guarantees issued on a pro-quota basis granted to Coral FLNG SA on behalf of the Consortium TJS for the contractual obligations assumed following the award of the EPCIC contract for the construction of a floating gas liquefaction plant (for more information see note 38 — Guarantees, commitments and risks); • Eni’s share of expenses incurred to develop oil fields from Agiba Petroleum Co, Karachaganak Petroleum Operating BV, Mellitah Oil & Gas BV, Petrobel Belayim Petroleum Co, Groupement Sonatrach — Agip «GSA», Organe Conjoint des Opérations «OC SH/FCP» and, only for Karachaganak Petroleum Operating BV, purchase of oil products by Eni Trading & Shipping SpA; services charged to Eni’s associates are invoiced on the basis of incurred costs; • engineering, construction and drilling services by the Saipem Group mainly for the Exploration& Production segment and guarantees issued by Eni SpA relating to bid bonds and performance bonds; • performance guarantees given on behalf of Unión Fenosa Gas SA in relation to contractual commitments related to the results of operations and sales of LNG; • a guarantee issued in relation to the construction of an oil pipeline on behalf of Eni BTC Ltd; and • services for environmental restoration to Industria Siciliana Acido Fosforico — ISAF SpA (in liquidation). The most significant transactions with entities controlled by the Italian Government concerned: • sale of fuel, sale and purchase of gas, acquisition of power distribution services and fair value of derivative financial instruments with Enel Group; • acquisition of natural gas transportation, distribution and storage services with the Snam Group and the Italgas Group on the basis of tariffs set by the Italian Regulatory Authority for Energy, Networks and Environment and purchase and sale of natural gas for granting the balancing of the system on the basis of prices referred to the quotations of the main energy commodities; • sale and purchase of electricity, the acquisition of domestic electricity transmission service on the basis of prices referred to the quotations of the main energy commodities, and derivatives on commodities entered to hedge the price risk related to the utilization of transport capacity rights with the Terna Group; • sale and purchase of electricity, gas, environmental certificates and sale of oil products with GSE — Gestore Servizi Energetici for the setting-up of a specific stock held by the Organismo Centrale di Stoccaggio Italiano (OCSIT) according to the Legislative Decree No. 249/2012. Transactions with pension funds and foundation concerned: • provisions to pension funds of €34 million; and • contributions and service provisions to Eni Foundation of €2 million and to Eni Enrico Mattei Foundation for €4 million. Financing transactions with related parties (€ million) December 31, 2017 2017 Name Receivables Payables Guarantees Charges Gains Continuing operations Joint ventures and associates Coral South FLNG D MCC 1,334 Cardón IV SA 955 86 Angola LNG Ltd 233 Matrìca SpA 9 Shatskmorneftegaz Sarl 101 6 Société Centrale Electrique du Congo SA 66 43 Saipem Group 3 56 13 Coral FLNG SA 56 71 Other (*) 48 49 2 1 5 1,226 95 1,625 1 190 Unconsolidated entities controlled by Eni Servizi Fondo Bombole Metano SpA 60 9 1 Eni BTC Ltd 28 Other (*) 1 24 61 61 1 Entities controlled by the Government Other (*) 8 3 8 3 1,287 164 1,625 4 191 __________ (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2016 2016 Name Receivables Payables Guarantees Charges Gains Income from equity instruments Continuing operations Joint ventures and associates Cardón IV SA 1,054 96 Matrìca SpA 125 93 9 Shatskmorneftegaz Sarl 69 13 4 Société Centrale Electrique du Congo SA 78 18 Unión Fenosa Gas SA 85 Saipem Group 82 43 27 Other (*) 52 2 17 4 1,378 85 84 141 156 27 Unconsolidated entities controlled by Eni Eni BTC Ltd 54 Other (*) 46 52 1 1 46 106 1 1 Entities controlled by the Government Other (*) 3 3 1,424 191 84 145 157 27 ___________ (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2015 2015 Name Receivables Payables Guarantees Charges Gains Continuing operations Joint ventures and associates Cardón IV SA 1,112 65 Matrìca SpA 209 10 11 Shatskmorneftegaz Sàrl 63 21 Société Centrale Electrique du Congo SA 94 Unión Fenosa Gas SA 90 Other (*) 52 7 12 19 5 1,530 97 12 50 81 Unconsolidated entities controlled by Eni Other (*) 51 111 1 51 111 1 Entities controlled by the Government Other (*) 27 1 27 1 1,608 208 12 50 83 Discontinued operations Joint ventures and associates CEPAV (Consorzio Eni per l’Alta Velocità) Due 150 Other(*) 5 5 150 1,613 208 162 50 83 __________ (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • a bank debt guarantee issued on behalf of Coral South FLNG DMCC (for more information see note 38 — Guarantees, commitments and risks); • financing loans granted to Cardón IV SA for the exploration and development activities of a gas field in Venezuela; • bank debt guarantees issued on behalf of Angola LNG Ltd; • financing loans, which were completely written down, granted to Matrìca SpA in relation to the “Green Chemistry” project at the Porto Torres plant; • financing loans granted to Shatskmorneftegaz Sàrl for the exploration activity of in the Black Sea and to Société Centrale Electrique du Congo SA for the construction of an electric plant in Congo; • residual bank debt guarantees issued on behalf of Saipem Group; • financing loans granted to Coral FLNG SA for the construction of a floating gas liquefaction plant in the Area 4 in Mozambique (for more information see note 38 – Guarantees, commitments and risks); • financing loans granted to Servizi Fondo Bombole Metano SpA for operating activities; • a cash deposit at Eni’s financial companies on behalf of Eni BTC Ltd. Financial charges to related parties do not include impairments of financial receivables of € 242 million. 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 consisted of the following: December 31, 2017 December 31, 2016 (€ million) Total Related Impact % Total Related Impact % Trade and other receivables 15,737 907 5.76 17,593 1,100 6.25 Other current assets 1,573 30 1.91 2,591 57 2.20 Other non-current financial assets 1,675 1,214 72.48 1,860 1,349 72.53 Other non-current assets 1,323 46 3.48 1,348 13 0.96 Current financial liabilities 2,242 164 7.31 3,396 191 5.62 Trade and other payables 16,748 2,808 16.77 16,703 2,289 13.70 Other current liabilities 1,515 60 3.96 2,599 88 3.39 Other non-current liabilities 1,479 23 1.56 1,768 23 1.30 The impact of transactions with related parties on the profit and loss accounts consisted of the following: 2017 2016 2015 (€ million) Total Related Impact % Total Related Impact % Total Related Impact % Continuing operations Net sales from operations 66,919 1,567 2.34 55,762 1,238 2.22 72,286 1,342 1.86 Other income and revenues 4,058 41 1.01 931 74 7.95 1,252 69 5.51 Purchases, services and other (52,461 ) (9,164 ) 17.47 (44,124 ) (8,212 ) 18.61 (56,848 ) (6,882 ) 12.11 Payroll and related costs (2,951 ) (34 ) 1.15 (2,994 ) (24 ) 0.80 (3,119 ) (55 ) 1.76 Other operating (expense) income (32 ) 331 — 16 247 — (485 ) 96 — Financial income 3,924 191 4.87 5,850 157 2.69 8,635 83 0.96 Financial expense (5,886 ) (4 ) 0.07 (6,232 ) (145 ) 2.33 (10,104 ) (50 ) 0.49 Derivative financial instruments 837 (482 ) 27 — 160 Discontinued operations Total revenues 10,277 344 3.35 Total costs (12,199 ) (202 ) 1.66 Main cash flows with related parties are provided below: (€ million) 2017 2016 2015 Revenues and other income 1,608 1,312 1,411 Costs and other expenses (5,360 ) (5,623 ) (5,786 ) Other operating income (loss) 331 247 96 Net change in trade and other receivables and liabilities 391 182 105 Net interests 187 133 82 Net cash provided from operating activities - Continuing operations (2,843 ) (3,749 ) (4,092 ) Net cash provided from operating activities - Discontinued operations 126 Net cash provided from operating activities (2,843 ) (3,749 ) (3,966 ) Capital expenditure in tangible and intangible assets (3,838 ) (2,613 ) (1,151 ) Disposal of investments 463 Net change in accounts payable and receivable in relation to investments 425 252 (238 ) Change in financial receivables 298 5,650 (194 ) Net cash used in investing activities (3,115 ) 3,752 (1,583 ) Change in financial liabilities (16 ) (192 ) 13 Net cash used in financing activities (16 ) (192 ) 13 Total financial flows to related parties (5,974 ) (189 ) (5,536 ) The impact of cash flows with related parties consisted of the following: 2017 2016 2015 (€ million) Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Cash provided from operating activities 10,117 (2,843 ) — 7,673 (3,749 ) — 11,649 (3,966 ) — Cash used in investing activities (3,768 ) (3,115 ) 82.67 (4,443 ) 3,752 — (10,923 ) (1,583 ) 14.49 Cash used in financing activities (4,595 ) (16 ) 0.35 (3,651 ) (192 ) 5.26 (1,351 ) 13 — |
Other information about investm
Other information about investments | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of detailed information about investment property [abstract] | |
Disclosure of investment entities [text block] | 48 Other information about investments Information on Eni’s investments as of December 31, 2017 The following section provides the information about Eni’s subsidiaries, joint arrangements, associates and other significant investments as of December 31, 2017. Unless otherwise indicated, share capital is represented by ordinary shares directly held by the Group, while ownership interest corresponds to voting rights. Parent company Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e 25.76 Ministero 4.34 Eni SpA 0.91 Other shareholders 68.99 (#) Company with shares quoted in the regulated market of Italy or of other EU countries Subsidiaries Exploration & Production In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Angola SpA San Donato 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 Mozambique EUR 200,000 Eni SpA 100.00 100.00 F.C. Eni Timor Leste SpA San Donato East Timor EUR 6,841,517 Eni SpA 100.00 100.00 F.C. Eni West Africa SpA San Donato Angola EUR 10,000,000 Eni SpA 100.00 100.00 F.C. Eni Zubair SpA (in liquidation) San Donato Italy EUR 120,000 Eni SpA 100.00 Co. EniProgetti SpA (former Tecnomare - Società per lo Sviluppo delle Tecnologie Marine SpA) Venezia Italy EUR 2,064,000 Eni SpA 100.00 100.00 F.C. Floaters SpA San Donato Italy EUR 200,120,000 Eni SpA 100.00 100.00 F.C. Ieoc SpA San Donato Egypt EUR 18,331,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Italy EUR 24,103,200 Eni SpA 99.96 0.04 99.96 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Outside Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agip Caspian Sea BV Amsterdam 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 5.00 100.00 F.C. Agip Karachaganak BV Amsterdam Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Oil Ecuador BV Amsterdam Ecuador EUR 20,000 Eni International BV 100.00 100.00 F.C. Agip Oleoducto de Crudos Pesados BV Amsterdam Ecuador EUR 20,000 Eni International BV 100.00 Eq. Burren (Cyprus) Holdings Ltd (in liquidation) Nicosia Cyprus EUR 1,710 Burren En.(Berm)Ltd 100.00 Co. Burren Energy (Bermuda) Ltd Hamilton United USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Congo Ltd Tortola Republic of USD 50,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy India Ltd London United GBP 2 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Plc London United GBP 28,819,023 Eni UK Holding Plc 99.99 () 100.00 F.C. Burren Energy Ship Management Ltd ( in liquidation ) Nicosia Cyprus EUR 3,420 Burren(Cyp)Hold.Ltd 50.00 Co. Burren Shakti Ltd Hamilton United USD 65,300,000 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni AEP Ltd London Pakistan GBP 73,471,000 Eni UK Ltd 100.00 100.00 F.C. Eni Algeria Exploration BV Amsterdam Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Ltd Sàrl Luxembourg Algeria USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Algeria Production BV Amsterdam Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ambalat Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni America Ltd Dover, Delaware USA USD 72,000 Eni UHL Ltd 100.00 100.00 F.C. Eni Angola Exploration BV Amsterdam Angola EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Angola Production BV Amsterdam Angola EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Argentina Exploración y Explotación SA Buenos Aires Argentina ARS 24,136,336 Eni International BV 95.00 5.00 Eq. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (* ) Eni Arguni I Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Australia BV Amsterdam Australia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Australia Ltd London Australia GBP 20,000,000 Eni International BV 100.00 100.00 F.C. Eni BB Petroleum Inc Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni BTC Ltd London United GBP 34,000,000 Eni International BV 100.00 Eq. Eni Bukat Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Bulungan BV Amsterdam Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Canada Holding Ltd Calgary Canada USD 1,453,200,001 Eni International BV 100.00 100.00 F.C. Eni CBM Ltd London Indonesia USD 2,210,728 Eni Lasmo Plc 100.00 100.00 F.C. Eni China BV Amsterdam China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SA Pointe - Noire Republic of USD 17,000,000 Eni E&P Holding BV 99.99 () () 100.00 F.C. Eni Côte d’Ivoire Ltd London Ivory Coast GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Croatia BV Amsterdam Croatia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Cyprus Ltd Nicosia Cyprus EUR 2,005 Eni International BV 100.00 100.00 F.C. Eni Dación BV Amsterdam Netherlands EUR 90,000 Eni Oil Holdings BV 100.00 Eq. Eni Denmark BV Amsterdam Greenland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltda Rio de Janeiro Brazil BRL 1,593,415,000 Eni International BV 99.99 () Eq. Eni East Sepinggan Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/Franklin Ltd London United GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Russia BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Engineering E&P Ltd London United GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Exploration & Production Holding BV Amsterdam Netherlands EUR 29,832,777.12 Eni International BV 100.00 100.00 F.C. Eni Gabon SA Libreville Gabon XAF 13,132,000,000 Eni International BV 100.00 100.00 F.C. Eni Ganal Ltd London Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Gas & Power LNG Australia BV Amsterdam Australia EUR 10,000,000 Eni International BV 100.00 100.00 F.C. Eni Ghana Exploration and Production Ltd Accra Ghana GHS 21,412,500 Eni International BV 100.00 100.00 F.C. Eni Hewett Ltd Aberdeen United Kingdom GBP 3,036,000 Eni UK Ltd 100.00 100.00 F.C. Eni Hydrocarbons Venezuela Ltd London Venezuela GBP 8,050,500 Eni Lasmo Plc 100.00 100.00 F.C. Eni India Ltd London India GBP 44,000,000 Eni UK Ltd 100.00 100.00 F.C. Eni Indonesia Ltd London Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd Grand Cayman Indonesia USD 1.01 Eni Indonesia Ltd 100.00 100.00 F.C. Eni International NA NV Sàrl Luxembourg United Kingdom USD 25,000 Eni International BV 100.00 100.00 F.C. Eni Investments Plc London United Kingdom GBP 750,050,000 Eni SpA Eni UK Ltd 99.99 () 100.00 F.C. Eni Iran BV Amsterdam Iran EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Iraq BV Amsterdam Iraq EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ireland BV Amsterdam Ireland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Isatay BV Amsterdam Kazakhstan EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 03-13 Ltd London Australia GBP 250,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 06-105 Pty Ltd Perth Australia AUD 80,830,576 Eni International BV 100.00 100.00 F.C. Eni JPDA 11-106 BV Amsterdam Australia EUR 50,000 Eni International BV 100.00 100.00 F.C. Eni Kenya BV Amsterdam Kenya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Krueng Mane Ltd London Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Lasmo Plc London United Kingdom GBP 337,638,724.25 Eni Investments Plc 99.99 () 100.00 F.C. Eni Lebanon BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Liberia BV Amsterdam Liberia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool Bay Operating Co Ltd London United Kingdom GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni LNS Ltd London United Kingdom GBP 80,400,000 Eni UK Ltd 100.00 100.00 F.C. Eni Marketing Inc Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Maroc BV Amsterdam Morocco EUR 20,000 Eni International BV 100.00 100.00 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni México S. de RL de CV Lomas De Mexico MXN 3,000 Eni International BV 99.90 0.10 100.00 F.C. Eni Middle East BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Middle East Ltd London United GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni MOG Ltd (in liquidation) London United GBP 220,711,147.50 Eni Lasmo Plc 99.99 () 100.00 F.C. Eni Montenegro BV Amsterdam Montenegro EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Mozambique Engineering Ltd London United GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Mozambique LNG Holding BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Muara Bakau BV Amsterdam Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Myanmar BV Amsterdam Myanmar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Norge AS Forus Norway NOK 278,000,000 Eni International BV 100.00 100.00 F.C. Eni North Africa BV Amsterdam Libya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni North Ganal Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Oil & Gas Inc Dover, USA USD 100,800 Eni America Ltd 100.00 100.00 F.C. Eni Oil Algeria Ltd London Algeria GBP 1,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Oil Holdings BV Amsterdam Netherlands EUR 450,000 Eni ULX Ltd 100.00 100.00 F.C. Eni Oman BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Pakistan Ltd London Pakistan GBP 90,087 Eni ULX Ltd 100.00 100.00 F.C. Eni Pakistan (M) Ltd Sàrl Luxembourg Pakistan USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Petroleum Co Inc Dover, USA USD 156,600,000 Eni SpA 63.86 36.14 100.00 F.C. Eni Petroleum US Llc Dover, USA USD 1,000 Eni BB Petroleum Inc 100.00 100.00 F.C. Eni Portugal BV Amsterdam Portugal EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Rapak Ltd London Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni RD Congo SA Kinshasa Democratic CDF 750,000,000 Eni International BV 99.99 Eq. Eni Rovuma Basin BV Amsterdam Netherlands EUR 20,000 Eni Mozambique 100.00 Eq. Eni South Africa BV Amsterdam Republic of EUR 20,000 Eni International BV 100.00 100.00 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni South China Sea Ltd Sàrl Luxembourg China USD 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen United GBP 1,000 Eni UK Ltd 100.00 100.00 F.C. Eni Trinidad and Tobago Ltd Port of Spain Trinidad and TTD 1,181,880 Eni International BV 100.00 100.00 F.C. Eni Tunisia BV Amsterdam Tunisia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Turkmenistan Ltd Hamilton Turkmenistan USD 20,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. Eni UHL Ltd London United GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UKCS Ltd London United GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni UK Holding Plc London United GBP 424,050,000 Eni Lasmo Plc 99.99 () 100.00 F.C. Eni UK Ltd London United GBP 250,000,000 Eni International BV 100.00 100.00 F.C. Eni Ukraine Holdings BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ukraine Llc Kiev Ukraine UAH 42,004,757.64 Eni Ukraine Hold.BV 99.99 0.01 100.00 F.C. Eni Ukraine Shallow Waters BV Amsterdam Ukraine EUR 20,000 Eni Ukraine Hold.BV 100.00 Eq. Eni ULT Ltd London United GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London United GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni USA Gas Marketing Llc Dover, Delaware USA USD 10,000 Eni Marketing Inc 100.00 100.00 F.C. Eni USA Inc Dover, Delaware USA USD 1,000 Eni Oil & Gas Inc 100.00 100.00 F.C. Eni US Operating Co Inc Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Venezuela BV Amsterdam Venezuela EUR 20,000 Eni Venezuela 100.00 100.00 F.C. Eni Venezuela E&P Holding SA Bruxelles Belgium USD 963,800,000 Eni International BV 99.99 () 100.00 F.C. Eni Ventures Plc ( in liquidation ) London United GBP 278,050,000 Eni International BV 99.99 () Co. Eni Vietnam BV Amsterdam Vietnam EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni West Timor Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Yemen Ltd London United GBP 1,000 Burren Energy Plc 100.00 Eq. EniProgetti Egypt Ltd (former Tecnomare Egypt Ltd) Cairo Egypt EGP 50,000 EniProgetti SpA 99.00 1.00 Eq. Eurl Eni Algérie Algiers Algeria DZD 1,000,000 Eni Algeria Ltd Sàrl 100.00 Eq. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) First Calgary Petroleums LP Wilmington Algeria USD 1 Eni Canada Hold. Ltd 99.99 0.01 100.00 F.C. First Calgary Petroleums Partner Co ULC Calgary Canada CAD 10 Eni Canada Hold. Ltd 100.00 100.00 F.C. Ieoc Exploration BV Amsterdam Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Ieoc Production BV Amsterdam Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Lasmo Sanga Sanga Ltd Hamilton Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Liverpool Bay Ltd London United USD 1 Eni ULX Ltd 100.00 100.00 F.C. Nigerian Agip CPFA Ltd Lagos Nigeria NGN 1,262,500 NAOC Ltd 98.02 0.99 0.99 Co. Nigerian Agip Exploration Ltd Abuja Nigeria NGN 5,000,000 Eni International BV 99.99 0.01 100.00 F.C. Nigerian Agip Oil Co Ltd Abuja Nigeria NGN 1,800,000 Eni International BV 99.89 0.11 100.00 F.C. OOO ‘Eni Energhia’ Moscow Russia RUB 2,000,000 Eni Energy Russia BV 99.90 0.10 100.00 F.C. Zetah Congo Ltd Nassau Republic of USD 300 Eni Congo SA 66.67 33.33 Co. Zetah Kouilou Ltd Nassau Republic of USD 2,000 Eni Congo SA 54.50 37.00 8.50 Co. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Gas& Power In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni gas e luce SpA San Donato Italy EUR 750,000,000 Eni SpA 100.00 100.00 F.C. Eni Gas Transport Services Srl San Donato Italy EUR 120,000 Eni SpA 100.00 Co. Eni Trading & Shipping SpA Rome Italy EUR 60,036,650 Eni SpA 100.00 100.00 F.C. EniPower Mantova SpA San Donato Italy EUR 144,000,000 EniPower SpA 86.50 13.50 86.50 F.C. EniPower SpA San Donato Italy EUR 944,947,849 Eni SpA 100.00 100.00 F.C. LNG Shipping SpA San Donato Italy EUR 240,900,000 Eni SpA 100.00 100.00 F.C. Trans Tunisian Pipeline Co SpA San Donato Tunisia EUR 1,098,000 Eni SpA 100.00 100.00 F.C. Outside Italy Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana Ljubljana Slovenia EUR 12,956,935 Eni gas e luce SpA 51.00 49.00 51.00 F.C. Eni G&P Trading BV Amsterdam Turkey EUR 70,000 Eni International BV 100.00 100.00 F.C. Eni Gas & Power France SA Levallois Perret France EUR 29,937,600 Eni gas e luce SpA 99.87 0.13 99.87 F.C. Eni Trading & Shipping Inc Dover, Delaware USA USD 36,000,000 ETS SpA 100.00 100.00 F.C. Société de Service du Gazoduc Transtunisien SA - Sergaz SA Tunisi Tunisia TND 99,000 Eni International BV 66.67 33.33 66.67 F.C. Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA Tunisi Tunisia TND 200,000 Eni International BV 99.85 0.05 0.05 0.05 100.00 F.C. Tigáz-Dso Földgázelosztó kft Hajdúszoboszló Hungary HUF 31,033,000,000 Tigáz Zrt 100.00 98.99 F.C. Tigáz Tiszántúli Gázszolgáltató Zártkörûen Mûködõ Részvénytársaság Hajdúszoboszló Hungary HUF 8,486,070,500 Eni SpA 98.99 1.01 98.99 F.C. ___________ (*) 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 In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Consorzio AgipGas Sabina (in liquidation) Cittaducale (RI) Italy EUR 5,160 Eni Fuel SpA 100.00 Co. Ecofuel SpA San Donato Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. Eni Fuel SpA Rome Italy EUR 58,944,310 Eni 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. Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. Outside Italy Eni Austria GmbH Wien Austria EUR 78,500,000 Eni International BV 75.00 25.00 100.00 F.C. Eni Benelux BV Rotterdam Netherlands EUR 1,934,040 Eni International BV 100.00 100.00 F.C. Eni Deutschland GmbH Munich Germany EUR 90,000,000 Eni International BV 89.00 11.00 100.00 F.C. Eni Ecuador SA Quito Ecuador USD 103,142.08 Eni International BV 99.93 0.07 100.00 F.C. Eni France Sàrl Lyon France EUR 56,800,000 Eni International BV 100.00 100.00 F.C. Eni Iberia SLU Alcobendas Spain EUR 17,299,100 Eni International BV 100.00 100.00 F.C. Eni Lubricants Trading (Shanghai) Co Ltd Shanghai China EUR 5,000,000 Eni International BV 100.00 100.00 F.C. Eni Marketing Austria GmbH Wien Austria EUR 19,621,665.23 Eni Mineralölh.GmbH 99.99 () 100.00 F.C. Eni Mineralölhandel GmbH Wien Austria EUR 34,156,232.06 Eni Austria GmbH 100.00 100.00 F.C. Eni Schmiertechnik GmbH Wurzburg Germany EUR 2,000,000 Eni Deutsch.GmbH 100.00 100.00 F.C. Eni Suisse SA Lausanne Switzerland CHF 102,500,000 Eni International BV 100.00 100.00 F.C. Eni USA R&M Co Inc Wilmington USA USD 11,000,000 Eni International BV 100.00 100.00 F.C. Esacontrol SA Quito Ecuador USD 60,000 Eni Ecuador SA 87.00 13.00 Eq. Esain SA Quito Ecuador USD 30,000 Eni Ecuador SA 99.99 () 100.00 F.C. Oléoduc du Rhône SA Valais Switzerland CHF 7,000,000 Eni International BV 100.00 Eq. OOO “Eni-Nefto” Moscow Russia RUB 1,010,000 Eni International BV 99.01 0.99 Eq. Tecnoesa SA Quito Ecuador USD 36,000 Eni Ecuador SA 99.99 () Eq. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Chemical Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Versalis SpA San Donato Italy EUR 1,364,790,000 Eni SpA 100.00 100.00 F.C. In Italy Consorzio Industriale Gas Naturale (in liquidation) San Donato Italy EUR 124,000 Versalis SpA 53.55 18.74 15.37 0.76 11.58 Eq. Outside Italy Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest Hungary HUF 8,092,160,000 Versalis SpA 96.34 1.83 1.83 100.00 F.C. Eni Chemicals Trading (Shanghai) Co Ltd (in liquidation) Shanghai China USD 5,000,000 Versalis SpA 100.00 Eq. Versalis Americas Inc Dover, Delaware USA USD 100,000 Versalis International 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire Republic of CDF 1,000,000 Versalis International 100.00 Eq. Versalis Deutschland GmbH Eschborn Germany EUR 100,000 Versalis SpA 100.00 100.00 F.C. Versalis France SAS Mardyck France EUR 126,115,582.90 Versalis SpA 100.00 100.00 F.C. Versalis International SA Bruxelles Belgium EUR 15,449,173.88 Versalis SpA 59.00 23.71 14.43 2.86 100.00 F.C. Versalis Kimya Ticaret Limited Sirketi Istanbul Turkey TRY 20,000 Versalis Int.SA 100.00 Eq. Versalis Pacific (India) Private Ltd Mumbai India INR 238,700 Versalis Pacific 99.99 Eq. Versalis Pacific Trading (Shanghai) Co Ltd Shanghai China CNY 1,000,000 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapore Singapore SGD 80,000 Versalis SpA 100.00 Eq. Versalis UK Ltd London United GBP 4,004,042 Versalis 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 Corporate and other activities Corporate and financial companies Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) In Italy Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. Eni Adfin SpA Rome Italy EUR 85,537,498.80 Eni SpA 99.67 0.33 99.67 F.C. Eni Corporate University SpA San Donato Italy EUR 3,360,000 Eni SpA 100.00 100.00 F.C. EniServizi SpA San Donato Italy EUR 13,427,419.08 Eni SpA 100.00 100.00 F.C. Serfactoring SpA San Donato Italy EUR 5,160,000 Eni SpA 49.00 51.00 49.00 F.C. Servizi Aerei SpA San Donato Italy EUR 79,817,238 Eni SpA 100.00 100.00 F.C. Outside Italy Banque Eni SA Bruxelles Belgium EUR 50,000,000 Eni International BV 99.90 0.10 100.00 F.C. Eni Finance International SA Bruxelles Belgium USD 2,474,225,632 Eni International BV 66.39 33.61 100.00 F.C. Eni Finance USA Inc Dover, Delaware USA USD 15,000,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Insurance Designated Activity Company Dublin Ireland EUR 500,000,000 Eni SpA 100.00 100.00 F.C. Eni International BV Amsterdam Netherlands EUR 641,683,425 Eni SpA 100.00 100.00 F.C. Eni International Resources Ltd London United GBP 50,000 Eni SpA Eni 99.99 () 100.00 F.C. Other Activities Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) In Italy Anic Partecipazioni SpA (in liquidation) Gela (CL) Italy EUR 23,519,847.16 Syndial SpA 99.97 0.03 Eq. Eni Energia Srl San Donato Italy EUR 10,000 Eni SpA 100.00 Co. Eni New Energy SpA San Donato Italy EUR 5,000,000.00 Eni SpA 100.00 100.00 F.C. Industria Siciliana Acido Fosforico - ISAF - SpA Gela (CL) Italy EUR 1,300,000 Syndial SpA 52.00 48.00 Eq. Ing. Luigi Conti Vecchi SpA Assemini (CA) Italy EUR 5,518,620.64 Syndial SpA 100.00 100.00 F.C. Syndial Servizi Ambientali SpA San Donato Italy EUR 424,818,703.05 Eni SpA 99.99 () 100.00 F.C. Outside Italy Eni New Energy Egypt SAE Cairo Egypt EGP 250,000 Eni International BV 99.98 0.01 0.01 Eq. Oleodotto del Reno SA Coira Switzerland CHF 1,550,000 Syndial 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 Joint arrangements and associates Exploration & Production In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mozambique Rovuma Venture SpA () (former Eni East Africa SpA) San Donato Mozambique EUR 20,000,000 Eni SpA 35.71 64.29 35.71 J.O. Società Oleodotti Meridionali - SOM SpA () San Donato Italy EUR 3,085,000 Eni SpA 70.00 30.00 70.00 J.O. Outside Italy Agiba Petroleum Co () Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 50.00 Co. Angola LNG Ltd Hamilton Angola USD 10,907,000,000 Eni Angola Prod.BV 13.60 86.40 Eq. Ashrafi Island Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 75.00 Co. Barentsmorneftegaz Sàrl () Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 66.67 Eq. Cabo Delgado Gas Development Limitada () Maputo Mozambique MZN 2,500,000 Eni Mozam.LNG H. BV 50.00 50.00 Co. Cardón IV SA () Caracas Venezuela VEF 17,210,000 Eni Venezuela BV 50.00 50.00 Eq. Compañia Agua Plana SA Caracas Venezuela VEF 100 Eni Venezuela BV 26.00 74.00 Co. Coral FLNG SA Maputo Mozambique MZN 100,000,000 Eni Mozam.LNG H. BV 25.00 75.00 Eq. Coral South FLNG DMCC Dubai United Arab AED 500,000 Eni Mozam.LNG H. BV 50.00 50.00 Eq. East Delta Gas Co (in liquidation) Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 62.50 Co. East Kanayis Petroleum Co () Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 50.00 Co. East Obaiyed Petroleum Company () Cairo Egypt EGP 20,000 Ieoc SpA Third parties 50.00 50.00 Co. El-Fayrouz Petroleum Co () (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 50.00 50.00 Co. El Temsah Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 75.00 Co. Enstar Petroleum Ltd Calgary Canada CAD 0.10 Unimar Llc 100.00 Fedynskmorneftegaz Sàrl () Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 66.67 Eq. InAgip doo () Zagreb Croatia HRK 54,000 Eni Croatia BV 50.00 50.00 Co. Karachaganak Petroleum Operating BV Amsterdam Kazakhstan EUR 20,000 Agip Karachag.BV 29.25 70.75 Co. Karachaganak Project Development Ltd (KPD) Reading, United GBP 100 Agip Karachag.BV 38.00 62.00 Eq. Khaleej Petroleum Co Wll Safat Kuwait KWD 250,000 Eni Middle E. Ltd 49.00 51.00 Eq. Liberty National Development Co Llc Wilmington USA USD 0 (a) Eni Oil & Gas Inc 32.50 67.50 Eq. Llc ‘Westgasinvest’ () Lviv Ukraine UAH 2,000,000 Eni Ukraine Hold.BV 50.01 49.99 Eq. _____________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value () Jointly controlled entity. (a) Shares without nominal value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mediterranean Gas Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 25.00 75.00 Co. Mellitah Oil & Gas BV () Amsterdam (Netherlands) Libya EUR 20,000 Eni North Africa BV Third parties 50.00 50.00 Co. Nile Delta Oil Co Nidoco Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 37.50 62.50 Co. North Bardawil Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 30.00 70.00 Co. North El Burg Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc SpA Third parties 25.00 75.00 Co. Petrobel Belayim Petroleum Co () Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 50.00 50.00 Co. PetroBicentenario SA () Caracas (Venezuela) Venezuela VEF 379,000,000 Eni Lasmo Plc Third parties 40.00 60.00 Eq. PetroJunín SA () Caracas (Venezuela) Venezuela VEF 2,402,100,000 Eni Lasmo Plc Third parties 40.00 60.00 Eq. PetroSucre SA Caracas (Venezuela) Venezuela VEF 220,300,000 Eni Venezuela BV Third parties 26.00 74.00 Eq. Pharaonic Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 25.00 75.00 Co. Port Said Petroleum Co () Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 50.00 50.00 Co. Raml Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 22.50 77.50 Co. Ras Qattara Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 37.50 62.50 Co. Rovuma Basin LNG Land Limitada () Maputo (Mozambique) Mozambique MZN 140,000 Mozamb. Rov. V. SpA Third parties 33.33 66.67 Co. Shatskmorneftegaz Sàrl () Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV Third parties 33.33 66.67 Eq. Shorouk Petroleum Company Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 30.00 70.00 Co. Société Centrale Electrique du Congo SA Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 44,732,000,000 Eni Congo SA Third parties 20.00 80.00 Eq. Société Italo Tunisienne d’Exploitation Pétrolière SA () Tunisi (Tunisia) Tunisia TND 5,000,000 Eni Tunisia BV Third parties 50.00 50.00 Eq. Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA () Tunisi (Tunisia) Tunisia TND 100,000 Eni Tunisia BV Third parties 50.00 50.00 Co. Tapco Petrol Boru Hatti Sanayi ve Ticaret AS () Istanbul (Turkey) Turkey TRY 9,850,000 Eni International BV Third parties 50.00 50.00 Eq. Tecninco Engineering Contractors Llp() Aksai (Kazakhstan) Kazakhstan KZT 29,478,455 EniProgetti SpA Third parties 49.00 51.00 Eq. Thekah Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 25.00 75.00 Co. Unimar Llc () Houston (USA) USA USD 0 (a) Eni America Ltd Third parties 50.00 50.00 Co. United Gas Derivatives Co Cairo (Egypt) Egypt USD 195,000,000 Eni International BV Third parties 33.33 66.67 Eq. VIC CBM Ltd () London (United Kingdom) Indonesia USD 1,315,912 Eni Lasmo Plc Third parties 50.00 50.00 Eq. Virginia Indonesia Co CBM Ltd () London (United Kingdom) Indonesia USD 631,640 Eni Lasmo Plc Third parties 50.00 50.00 Eq. Virginia Indonesia Co Llc Wilmington (USA) Indonesia USD 10 Unimar Llc 100.00 Virginia International Co Llc Wilmington (USA) Indonesia USD 10 Unimar Llc 100.00 West Ashrafi Petroleum Co () (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 50.00 50.00 Co. ______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value () Jointly controlled entity. (a) Shares without nominal value. Gas & Power In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mariconsult SpA () Milan Italy EUR 120,000 Eni SpA 50.00 Eq. Società EniPower Ferrara Srl () San Donato Italy EUR 140,000,000 EniPower SpA 51.00 51.00 J.O. Transmed SpA () Milan Italy EUR 240,000 Eni SpA 50.00 Eq. Outside Italy Blue Stream Pipeline Co BV () Amsterdam Russia USD 22,000 Eni International BV 50.00 50.00 J.O. Gas Distribution Company of Thessaloniki - Thessaly SA () Ampelokipi- Greece EUR 247,127,605 Eni gas e luce SpA 49.00 Eq. Gas Supply Company of Thessaloniki - Thessalia SA () Thessaloniki Greece EUR 13,761,788 Eni gas e luce SpA 49.00 Eq. GreenStream BV () Amsterdam Libya EUR 200,000,000 Eni North Africa BV 50.00 50.00 J.O. Premium Multiservices SA Tunisi Tunisia TND 200,000 Sergaz SA 49.99 Eq. SAMCO Sagl Lugano Switzerland CHF 20,000 Eni International BV 5.00 Eq. Transmediterranean Pipeline Co Ltd () St. Helier Jersey USD 10,310,000 Eni SpA 50.00 50.00 J.O. Turul Gázvezeték Építõ es Vagyonkezelõ Részvénytársaság () Tatabànya Hungary HUF 404,000,000 Tigáz Zrt 58.42 Eq. Unión Fenosa Gas SA () Madrid Spain EUR 32,772,000 Eni SpA 50.00 Eq. ________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value () Jointly controlled entity. Refining & Marketing and Chemical Refining & Marketing In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Arezzo Gas SpA () Arezzo Italy EUR 394,000 Eni Fuel SpA 50.00 Eq. CePIM Centro Padano Interscambio Merci SpA Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA 34.93 Eq. Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Eni Fuel SpA 25.00 Co. Costiero Gas Livorno SpA () Livorno Italy EUR 26,000,000 Eni Fuel SpA 65.00 65.00 J.O. Disma SpA Segrate (MI) Italy EUR 2,600,000 Eni Fuel SpA 25.00 Eq. PETRA SpA () Ravenna Italy EUR 723,100 Ecofuel SpA 50.00 Eq. Petroven Srl () Genova Italy EUR 156,000 Ecofuel SpA 68.00 68.00 J.O. Porto Petroli di Genova SpA Genova Italy EUR 2,068,000 Ecofuel SpA 40.50 Eq. Raffineria di Milazzo ScpA () Milazzo (ME) Italy EUR 171,143,000 Eni SpA 50.00 50.00 J.O. SeaPad SpA () Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA 25.00 Co. Sigea Sistema Integrato Genova Arquata SpA Genova Italy EUR 3,326,900 Ecofuel SpA 35.00 Eq. Termica Milazzo Srl () Milazzo (ME) Italy EUR 100,000 Raff. Milazzo ScpA 100.00 50.00 J.O. ______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value () Jointly controlled entity. Refining & Marketing Outside Italy Company name Registered office Countr |
Significant non-recurring event
Significant non-recurring events and operations | 12 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of significant non-recurring events and operations [text block] | 49 Significant non-recurring events and operations In 2017, in 2016 and 2015, 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, 2017 | |
Positions Or Transactions Deriving From Atypical Andor Unusual Operations | |
Disclosure of positions or transactions deriving from atypical andor unusual operations [text block] | 50 Positions or transactions deriving from atypical and/or unusual operations In 2017, 2016 and 2015 no transactions deriving from atypical and/or unusual operations were reported. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2017 | |
Subsequent Events | |
Disclosure of non-adjusting events after reporting period [text block] | 51 Subsequent events No significant events were reported after December 31, 2017. |
Significant accounting polici59
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Significant Accounting Policies | |
Description of accounting policy for oil and gas exploration appraisal development and production expenditure [text block] | Oil and natural gas exploration, appraisal, development and production expenditure Acquisition of exploration rights Costs incurred for the acquisition of exploration rights (or their extension) are initially capitalized 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 amortized, 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 can show the existence 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 recognized in the profit and loss account as write-off. Lower value exploration rights are pooled and amortized 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”. When the reclassification is recognized, 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 amortized according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortization”). Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalized 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 under the criteria indicated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortized on a UOP basis (see the accounting policy for “UOP depreciation, depletion and amortization”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortized until classified as proved reserves; in case of a negative result, it is written-off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognized as an expense as incurred. Costs directly associated with an exploration well are initially recognized 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 capitalized 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 capitalized 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 capitalized costs are recognized 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 recognized as unproved is reclassified to proved exploration and appraisal costs, within tangible assets in progress. When the reclassification is recognized, as well as whether 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 amortization”). Development expenditure Development expenditure, including the costs related to unsuccessful and damaged development wells, are capitalized as “Tangible asset in progress — proved”. Development expenditures are costs incurred to obtain access to proved reserves and provide facilities to extract, gather and store the oil&gas. They are amortized, from the commencement of production, generally on a UOP basis (see the accounting policy for “UOP depreciation, depletion and amortization”). 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 amortization Proved oil&gas assets are depreciated generally under the UOP method, as their useful life is closely related to the availability of oil&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&gas reserves. Proved exploration rights and acquired proved mineral interests are amortized over proved reserves; proved exploration and appraisal costs and development expenditure are depreciated over proved developed reserves. Production costs Production costs are those costs incurred to operate and maintain wells and field equipment and are recognized as an expense as incurred. Production Sharing Agreements and buy-back contracts Oil and gas reserves related to Production Sharing Agreements and buy-back contracts 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 production entitlements 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 representing the Profit Oil 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 recognize at the same time an increase in the taxable profit, through the increase of the revenues, and a tax expense. Decommissioning and restoration liabilities 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 capitalized, consistently with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. |
Description of accounting policy for property, plant and equipment [text block] | Property, plant and equipment Property, plant and equipment, including investment properties, are recognized using the cost model and stated at their purchase 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. When a substantial period of time is required to make the asset ready for use, the purchase price or construction cost includes the borrowing costs incurred that could have otherwise 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 recognized as part of a specific provision). Changes in provisions due to the passage of time and changes in discount rates are recognized as described in the accounting policy for “Provisions, contingent liabilities and contingent assets” 11 . Property, plant and equipment are not revalued for financial reporting purposes. Assets under finance lease, or under arrangements that do not take the legal form of a finance lease but substantially transfer all the risks and rewards of ownership of the leased asset, are recognized, at the commencement of the lease term, at fair value, net of grants attributable to the lessee or, if lower, at the present value of the minimum lease payments. Leased assets are included within property, plant and equipment. A corresponding financial debt to the lessor is recognized. These assets are depreciated as described below. If there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term, the assets are depreciated over the shorter of the lease term and the useful life of the asset. Expenditures on upgrading, revamping and reconversion are recognized 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 to obtain future economic benefits from other assets. 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, using a straight-line method 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 purchased with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). A change in the depreciation method, deriving from 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, shall be recognized prospectively. Assets that can be used free of charge by third parties are depreciated over the shorter term of the duration of the concession or the asset’s useful life. Replacement costs of identifiable parts in complex assets are capitalized 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. Leasehold improvement costs are depreciated over the useful life of the improvements or, if lower, over the residual length of the lease, considering any renewal period if renewal depends entirely on the lessee and is virtually certain. Expenditures for ordinary maintenance and repairs are recognized as an expense as incurred. _________ (11) These liabilities relate essentially to assets in the Exploration & Production segment. Decommissioning and restoration liabilities associated with tangible assets of Refining & Marketing and Chemical and Gas & Power segments are recognized when the cost is actually incurred and the amount of the liability can be reliably estimated, considering that undetermined settlement dates for assets dismantlement and restoration do not allow a discounting estimate of the obligation. With regard to this, Eni performs periodic reviews of its tangible assets of Refining & Marketing and Chemical and Gas & Power segments for any changes in facts and circumstances that might require recognition of a decommissioning and restoration liability. The carrying amount of property, plant and equipment is reviewed for impairment whenever there is any indication that the carrying amounts of those assets may not be recoverable. The recoverability of an asset is assessed by comparing its carrying amount with the recoverable amount, which is the higher of the asset’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 asset 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. 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 asset, giving greater weight to external evidence. With reference to commodity prices, management assumes the price scenario adopted for economic and financial projections and for whole life appraisal for capital expenditures. In particular, for the cash flows associated to oil, natural gas and petroleum products prices (and prices derived from them), the price scenario is approved by the Board of Directors and is based on management’s long-term planning assumptions and, if there is a sufficient liquidity and reliability level, on the forward prices prevailing in the marketplace. When commodity prices fluctuate quite considerably, management considers the most updated variables available. Discounting is carried out at 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 expected 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 asset. These adjustments are measured considering information from external parties. WACC differs considering the risk associated with each operating segments where the asset operates. In particular, for the assets belonging to the Gas & Power segment and the Chemical business, taking into account their different risk compared with Eni as a whole, specific WACC rates have been defined on the basis of a sample of companies operating in the same segment/business, adjusted to take into consideration the risk premium of the specific country of the activity. For the other segments/businesses, a single WACC is used considering that the risk is the same to that of Eni as a whole. 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 deriving, through an iteration process, from a post-tax valuation. Valuation is carried out for each single asset or, if the recoverable amount of a single asset cannot be determined, for the smallest identifiable group of assets that generates independent cash inflows from their continuous use, the so-called “cash-generating unit”. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognized in the profit and loss account. The reversal shall not exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. The carrying amount of property, plant and equipment is derecognized 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. |
Description of accounting policy for intangible assets and goodwill [text block] | 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 acquired in business combinations. An asset is classified as intangible when management is able to distinguish it clearly from goodwill. This condition is normally met when: (i) the intangible asset arises from contractual or other legal rights, or (ii) the asset is separable, i.e. can be sold, transferred, licensed, rented or exchanged, either individually or together with other assets. An entity controls an intangible asset if it has the power to obtain the future economic benefits flowing from the underlying asset and to restrict the access of others to those benefits. Intangible assets are initially recognized at cost as determined by the criteria used for tangible assets and they are not revalued for financial reporting purposes. Intangible assets with finite useful lives are amortized on a systematic basis over their useful life estimated as the period over which the assets will be available for use by the Company; the amount to be amortized 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 amortized. Their carrying amounts are tested for impairment at least annually and whenever there is any indication of impairment. Goodwill is tested for impairment at the lowest level within the entity at which it is monitored for internal management purposes. When the carrying amount of the cash-generating unit, including goodwill allocated thereto, calculated considering any impairment loss of the non-current assets belonging to the cash-generating unit, exceeds its recoverable amount 12 , the excess is recognized 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 unit, up to the recoverable amount of assets with finite useful lives. An impairment loss recognized for goodwill is not reversed in a subsequent period 13 . Directly attributable customer acquisition costs are capitalized when the following conditions are met: (i) the capitalized costs can be measured reliably; (ii) there is a contract binding the customer for a specified period of time; and (iii) it is probable that the costs will be recovered through the revenues from the sales, or, where the customer withdraws from the contract in advance, through the collection of a penalty. Costs of technological development activities are capitalized 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 derecognized on disposal or when no future economic benefits are expected from its use or disposal; any arising gain or loss is recognized in the profit and loss account. |
Description of accounting policy for government grants [text block] | 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. |
Description of accounting policy for measuring inventories [text block] | Inventories Inventories, including compulsory stock, are measured at the lower of purchase or production cost and net realizable value. Net realizable value is the amount expected to be realized from the sale of inventories 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. 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 recognized under “Other assets” as “Deferred costs” as a contra to “Other payables” or, after the 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 realizable value, determined adopting the same criteria described for inventories. _________ (12) For the definition of recoverable amount see the accounting policy for “Property, plant and equipment”. (13) Impairment losses recognized in an interim period are not reversed also when, considering conditions existing in a subsequent interim period, they would have been recognized in a smaller amount or would not have been recognized. |
Description of accounting policy for financial instruments [text block] | Financial instruments Current financial assets Cash and cash equivalents include cash on hand, demand deposits, as well as financial assets originally due within 90 days, readily convertible to known amount of cash and subject to an insignificant risk of changes in value. Available-for-sale financial assets include financial assets other than derivative financial instruments, loans and receivables, held for trading financial assets and held-to-maturity financial assets. Held-for-trading financial assets and available-for-sale financial assets are measured at fair value with gains or losses recognized in the line item of the profit and loss account “Finance income (expense)” and in the equity reserve 14 related to other comprehensive income, respectively. Changes in fair value of available-for-sale financial assets recognized in equity are charged to the profit and loss account when the assets are derecognized or impaired. The objective evidence that an impairment loss has occurred is verified considering, inter alia, significant breaches of contracts, serious financial difficulties or the risk of bankruptcy and other financial reorganization of the counterparty; impairment losses of available-for-sale financial assets are included in the carrying amount. Interests and dividends on financial assets measured at fair value are accounted for on an accrual basis in “Finance income (expense)” 15 and “Other gain (loss) from investments”, respectively. 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. Receivables are measured at amortized cost (see the accounting policy for “Non-current financial assets”). Non-current financial assets Investments Investments in equity instruments 16 are measured at fair value, with gains or losses recognized in the equity reserve related to other comprehensive income; the amounts recognized in equity are reclassified to the profit and loss account when the investment is impaired or derecognized. When investments do not have a quoted price in an active market and their fair value cannot be reliably measured, they are measured at cost, net of any impairment losses; impairment losses shall not be reversed 17 . Receivables and held-to-maturity financial assets Receivables and held-to-maturity financial assets are accounted for at cost, that is the fair value of the initial consideration plus directly attributable transaction costs (e.g. fees, transaction costs, etc.). The initial carrying amount is then adjusted to take into account principal repayments, plus or minus the cumulative amortization of any difference between the initial amount and the maturity amount and minus any reductions for impairment or uncollectibility. Amortization is carried out on the basis of the effective interest rate represented by the rate that equalizes, at the moment of the initial recognition, the present value of expected cash flows to the initial carrying amount (so-called “amortized cost method”). Receivables for finance leases are recognized at an amount equal to the present value of the lease payments and the purchase option price or any residual value; the amount is discounted at the interest rate implicit in the lease. ________ (14) Changes in the carrying amount of available-for-sale financial assets relating to changes in foreign exchange rates are recognized in the profit and loss account. (15) Interests accrued on held for trading financial assets impact the total fair value measurement of the instrument and are recognized, within the line item “Finance income (expense)”, in the sub-item “Net finance income on financial assets held for trading”. Conversely, interests accrued on financial assets available-for-sale are recognized, within the line item “Finance income (expense)”, in the sub-item “Finance income”. (16) For investments in joint ventures and associates, see “The equity method of accounting”. (17) Impairment losses recognized in an interim period are not reversed also when, considering conditions existing in a subsequent interim period, they would have been recognized in a smaller amount or would not have been recognized. If there is objective evidence that an impairment loss has been incurred (see also the accounting policy for “Current financial assets”), the impairment loss is measured as the difference between the carrying amount and the present value of the expected cash flows discounted at the effective interest rate computed at initial recognition, or at the moment of its updating to reflect re-pricings contractually established. Receivables and held-to-maturity financial assets are presented net of the allowance for impairment losses; when the impairment loss is definite, the allowance for impairment losses is reversed for charges, otherwise for excess. Changes to the carrying amount of receivables or financial assets in accordance with the amortized cost method are recognized as “Finance income (expense)”. Financial liabilities Financial liabilities, other than derivative financial instruments, are recognized initially at the fair value of the consideration received less the directly attributable transaction costs, and are subsequently measured at amortized cost (see above the accounting policy for “Non-current financial assets”). |
Description of accounting policy for derivative financial instruments [text block] | Derivative financial instruments Derivative financial instruments, including embedded derivatives (see below) that are separated from the host contract, are assets and liabilities measured at their fair value. Derivatives are designated as hedging instruments when the relationship between the derivative and the hedged item is formally documented and the hedge is regarded as highly effective and reviewed on an ongoing basis. When derivatives hedge the risk of changes in the fair value of the hedged item (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 account. 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 item (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 changes in the fair value of the derivatives, that are designated as effective hedging instruments, are initially recognized 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. The changes in the fair value of derivatives, that are not designated as effective hedging instruments, are recognized 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 recognized 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 recognized in the profit and loss account line item “Other operating (expense) income”. Embedded derivatives in hybrid instruments are separated from the host contract and accounted for as a derivative if the hybrid instruments are not measured at fair value with changes in fair value recognized in the profit and loss account and if the economic characteristics and risks of the embedded derivatives are not closely related to those of the host contracts. The entity 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 continue to be held for the purpose of their receipt or delivery in accordance with the Group’s expected purchase, sale or usage requirements are recognized on an accrual basis (the so-called normal sale and normal purchase exemption or own use exemption). |
Description of accounting policy for offsetting of financial instruments [text block] | Offsetting of financial assets and liabilities Financial assets and liabilities are set off in 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 realize the asset and settle the liability simultaneously). |
Description of accounting policy for derecognition of financial instruments [text block] | Derecognition of financial assets and liabilities Transferred financial assets are derecognized when the contractual rights to receive the cash flows from the financial assets are realized, expired or transferred. Financial liabilities are derecognized when they are extinguished, or when the obligation specified in the contract is discharged, cancelled or expired. |
Description of accounting policy for contingent liabilities and contingent assets [text block] | Provisions, contingent liabilities and contingent assets A provision is a liability of uncertain timing or amount at the balance sheet date. Provisions are recognized 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 recognized as a provision is the best estimate of the expenditure required to settle the present obligation or to transfer it to third parties at the balance sheet date. The amount recognized 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 increase in the provision due to the passage of time is recognized as “Finance income (expense)”. Where an obligation exists for an item of property, plant and equipment (e.g. site dismantling and restoration), the provision is recognized together with a corresponding amount as part of the related item of property, plant and equipment. The decommissioning portion of the property, plant and equipment is subsequently depreciated at the same rate as the rest of the asset. A provision for restructuring costs is recognized 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 recognized in the same profit and loss account line item where the original provision was charged, or, when the liability regards tangible assets (e.g. site dismantling and restoration), changes in the provision are recognized with a corresponding entry to the assets to which they refer, to the extent of the assets’ carrying amounts; any excess amount is recognized in the profit and loss account. Contingent liabilities are disclosed as follows: (i) possible, but not probable 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 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 recognized unless the realization 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; if it has become virtually certain that an inflow of economic benefits will arise, the asset and the related income are recognized in the financial statements of the period in which the change occurs. |
Description of accounting policy for employee benefits [text block] | 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 interests cost to be recognized in the profit and loss account. 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 recognized in ”Finance income (expense)”. Re-measurements 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 recognized within the statement of comprehensive income. Re-measurements of the net defined benefit liability, recognized in the equity reserve related to other comprehensive income, are not reclassified to the profit and loss account in a subsequent period. Obligations for long-term benefits are determined by adopting actuarial assumptions. The effects of re-measurements are taken to profit and loss account in their entirety. |
Description of accounting policy for treasury shares [text block] | Treasury shares Treasury shares are recognized as deductions from equity at cost. Any gain or loss resulting from subsequent sales is recognized in equity. |
Description of accounting policy for recognition of revenue and expenses [text block] | Revenues and costs Revenues from the sale of products and the rendering of services are recognized when the significant risks and rewards of ownership have been transferred to the customer or when the transaction can be considered settled and the associated revenue can be reliably measured. In particular, revenues are recognized for the sale of: • crude oil, generally upon shipment; • natural gas and electricity, upon delivery to the customer; • petroleum products sold to retail distribution networks, generally upon delivery to the service stations, whereas all other sales of petroleum products are generally recognized upon shipment; and • chemical products and other products, generally upon shipment. Revenues are recognized upon shipment when, at that date, significant risks are transferred to the buyer. Revenues from crude oil and natural gas production from properties in which Eni has an interest together with other producers are recognized on the basis of Eni’s net working interest in those properties (entitlement method). Higher/lower production volume withdrawn as compared to Eni’s net working interest volume is recognized at current prices at the balance sheet date. Revenues arising from rendering of services are recognized by reference to the stage of completion at the end of the reporting period, provided that: (i) the amount of revenues can be measured reliably; (ii) it is probable that the economic benefits associated with the transaction will flow to the entity; (iii) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and (iv) the related costs can be measured reliably. When the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognized only to the extent of the expenses recognized that are recoverable. Revenues are measured at the fair value of the consideration received or receivable net of returns, discounts, rebates, bonuses and related taxes. Amounts collected or to be collected on behalf of third parties are not revenues. Award credits, related to customer loyalty programs, are recognized as a separately identifiable component of the sales transaction in which they are granted. Therefore, the consideration allocated to the award credits, measured by reference to their fair value, represents deferred revenues and it is recognized in the line item “Other liabilities”. The deferred revenues are reversed in the profit and loss account at the redemption or forfeiture of the award credits by customers. When goods or services are exchanged for goods or services that are of a similar nature and value, the exchange is not regarded as a transaction which generates a revenue. Costs are recognized 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, determined on the basis of the market prices, are recognized in relation to the amount of the carbon dioxide emissions that exceed free allowances. Costs related to the purchase of the emission rights are recognized as intangible assets net of any imbalance between the amount of actual emissions and the free allowances. Revenues related to emission quotas are recognized when they are sold and, if applicable, purchased emission rights are considered the first to be sold. Monetary receivables granted to replace the free award emission rights are recognized as a contra to the line item “Other income and revenues”. Operating lease payments are recognized as an expense over the lease term. 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 capitalized (see above the accounting policy for “Intangible assets”), are included in the profit and loss account when they are incurred. Grants not related to assets are recognized in the profit and loss account on an accrual basis matching the related costs when incurred. |
Description of accounting policy for share based payment transactions [text block] | Share-based payments The line item “Payroll and related costs” includes the cost of the share-based incentive plan, consistently with its actual remunerative nature. 18 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. A corresponding credit is recognised within equity. 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 (e.g.conditional on the employees remaining in service for the vesting period and 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. |
Description of accounting policy for foreign currency translation [text block] | 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 recognized. 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 realizable value are retranslated using the exchange rate at the date when the value is determined. ________ (18) The current share-based incentive plan, to be settled by treasury shares, was approved by the shareholders’ meeting held on April 13, 2017. |
Description of accounting policy for dividends [text block] | Dividends Dividends are recognized at the date of the general shareholders’ meeting in which they were declared, except when the sale of shares before the ex-dividend date is certain. |
Description of accounting policy for income tax [text block] | Income taxes Current income taxes are determined on the basis of estimated taxable income. The estimated liability is included in “Income taxes payable”. Current income tax assets and liabilities are measured at the amount expected to be paid to (recovered from) the taxation authorities, using tax rates and the tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and liabilities are recognized 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 have been enacted or substantively enacted for future years. Deferred tax assets are recognized when their recoverability is considered probable; in particular, deferred tax assets are recoverable 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 recognized to the extent that their recoverability is probable. Income tax assets that are uncertain in the amount to be recovered are recognized in accordance to the probable threshold. 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 recognized 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 included in 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 recognized in the line item “Deferred tax assets”, if negative, in the line item “Deferred tax liabilities”. When the results of transactions are recognized directly in shareholders’ equity, the related current and deferred taxes are also charged to the shareholders’ equity. |
Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block] | 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 amount will be recovered principally through a sale transaction rather than through their continuing use. For this to be the case, the sale must be highly probable and the asset or the disposal group must be 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. The classification of non-current assets (or disposal groups) as held for sale requires the management to perform subjective judgements based on assumptions deemed reasonable in consideration of the information available at the time. 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 recognized in the balance sheet separately from other assets and liabilities. Immediately before the initial classification of a disposal group as held for sale, the assets and liabilities of the disposal group are measured in accordance with applicable IFRSs. Subsequently, non-current assets held for sale are not depreciated and they are measured at the lower of the fair value less costs to sell and their carrying amount. After the classification as held for sale of an equity-accounted investment, the investment, or the portion of the investment, that meets the criteria to be classified as held for sale, is no longer accounted for using the equity method; therefore, in this case, the carrying amount of the investment in accordance with the equity method represents the carrying amount for the measurement as non-current asset held for sale. 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. After the disposal takes place, any retained investment is measured in accordance with the measurement criteria indicated in the accounting policy for “Non-current financial assets — Investments”, unless the retained interest continues to be an equity-accounted investment. 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 recognized up to the cumulative impairment losses, including those recognized 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, 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 recognized 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, amortizations, impairment losses and reversals that would have been recognized 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. If the interruption of a plan of sale concerns a subsidiary, joint operation, joint venture, associate, or a portion of an interest in a joint venture or an associate, financial statements for the period since classification as held for sale are amended. If a discontinued operation is reclassified as held for use, its results previously presented in the separate line item of the profit and loss account are reclassified and included in income from continuing operations for all periods presented. |
Description of accounting policy for fair value measurement [text block] | 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 maximize the value of the asset. The fair value of a liability, both financial and non-financial, or of a 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 entity’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, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. |
Principles of consolidation (Ta
Principles of consolidation (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Principles Of Consolidation | |
Disclosure of effect of changes in foreign exchange rates [text block] | The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: (currency amount for €1) Annual average exchange rate 2017 Exchange rate at December 31, 2017 Annual average exchange rate 2016 Exchange rate at December 31, 2016 Annual average exchange rate 2015 Exchange rate at December 31, 2015 U.S. Dollar 1.13 1.20 1.11 1.05 1.11 1.09 Pound Sterling 0.88 0.89 0.82 0.86 0.73 0.73 Norwegian Krone 9.33 9.83 9.29 9.09 8.95 9.60 Australian Dollar 1.47 1.53 1.49 1.46 1.48 1.49 |
Financial assets held for tra61
Financial assets held for trading (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Financial Assets Held For Trading | |
Disclosure of detailed information about financial assets held for trading [text block] | (€ million) December 31, 2017 December 31, 2016 Quoted bonds issued by sovereign states 1,022 996 Other 4,990 5,170 6,012 6,166 The breakdown by currency is provided below: (€ million) December 31, 2017 December 31, 2016 Euro 4,232 4,319 U.S. dollar 1,025 699 Swiss franc 461 413 British pound 198 632 Australian dollar 79 51 Canadian dollar 17 52 6,012 6,166 |
Analysis of credit exposures using external credit grading system [text block] | The breakdown by issuing entity and credit rating is presented below: Nominal value (€ million) Fair Value (€ million) Rating – Moody’s Rating – S&P Quoted bonds issued by sovereign states Fixed rate bonds Italy 478 477 Baa2 BBB Poland 53 52 A2 BBB+ United States of America 53 45 Aaa AA+ Spain 45 41 Baa2 BBB+ Slovenia 33 34 Baa1 A+ Japan 25 21 A1 A+ Ireland 10 10 A2 A+ Canada 11 9 Aaa AAA Chile 8 9 Aa3 A+ Slovakia 5 4 A2 A+ Sweden 4 4 Aaa AAA Netherlands 2 2 Aaa AAA South Korea 1 1 Aa2 AA 728 709 Floating rate bonds Italy 300 304 Baa2 BBB Belgium 7 7 Aa3 AA United States of America 2 2 Aaa AA+ 309 313 Total quoted bonds issued by sovereign states 1,037 1,022 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 2,036 1,922 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by financial and insurance companies 1,437 1,409 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by supranational institutions 28 25 from Aaa to Aa3 from AAA to AA- 3,501 3,356 Floating rate bonds Quoted bonds issued by financial and insurance companies 840 842 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by industrial companies 789 754 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by supranational institutions 45 38 from Aaa to Aa3 from AAA to AA- 1,674 1,634 Total other bonds 5,175 4,990 Total other financial assets held for trading 6,212 6,012 |
Financial assets available fo62
Financial assets available for sale (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Financial Assets Available For Sale | |
Disclosure of available-for-sale financial assets [text block] | (€ million) December 31, 2017 December 31, 2016 Securities held for non-operating purposes Quoted bonds issued by sovereign states 190 210 Quoted securities issued by financial institutions 17 28 207 238 The breakdown by currency is provided below: (€ million) December 31, 2017 December 31, 2016 Euro 176 199 U.S. Dollar 31 39 207 238 |
Analysis of credit exposures using external credit grading system [text block] | At December 31, 2017, bonds issued by sovereign states amounted to €190 million (€210 million at December 31, 2016). The breakdown is presented below: Nominal value (€ million) Fair Value (€ million) Nominal rate of return (%) Maturity date Rating – Moody’s Rating – S&P Fixed rate bonds Belgium 27 30 from 3.75 to 4.25 from 2019 to 2021 Aa3 AA Spain 25 27 from 1.40 to 5.50 from 2018 to 2021 Baa2 BBB+ France 17 19 from 1.00 to 3.25 from 2018 to 2023 Aa2 AA Poland 15 18 from 4.50 to 6.38 from 2019 to 2022 A2 BBB+ Ireland 17 18 from 0.80 to 4.50 from 2019 to 2022 A2 A+ Iceland 14 15 from 2.50 to 5.88 from 2020 to 2022 A3 A Italy 14 15 from 0,65 to 3,50 from 2018 to 2020 Baa2 BBB Portugal 7 8 4.75 2019 Ba1 BBB- Czech Republic 7 8 3.63 2021 A1 AA- Slovenia 8 8 2.25 2022 Baa1 A+ Slovakia 7 7 1.50 2018 A2 A+ United States of America 6 6 from 1.25 to 3.13 from 2019 to 2020 Aaa AA+ Canada 5 5 1.63 2019 Aaa AAA Finland 5 5 1.75 2019 Aa1 AA+ Netherlands 1 1 4.00 2018 Aaa AAA Total 175 190 |
Disclosure Of Detailed Information about effect of fair value measurement of securities [text block] | The effects of fair value measurement of securities are set out below: (€ million) Fair value Deferred tax liabilities Other reserves of shareholders' equity Carrying amount at December 31, 2016 5 (1 ) 4 Changes recognized in equity (5 ) 1 (4 ) Carrying amount at December 31, 2017 |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Trade And Other Receivables Tables | |
Disclosure of detailed information about trade and other receivables [text block] | (€ million) December 31, 2017 December 31, 2016 Trade receivables 10,182 11,186 Financing receivables - for operating purposes – short-term 84 86 - for operating purposes – current portion of long-term receivables 23 72 - for non-operating purposes 209 385 316 543 Other receivables - from disposals 597 171 - other 4,642 5,693 5,239 5,864 15,737 17,593 |
Disclosure of allowance for credit losses [text block] | Receivables are stated net of the valuation allowance for doubtful accounts of €2,729 million (€2,371 million at December 31, 2016): (€ million) Trade receivables Financing receivables Other receivables Total Carrying amount at December 31, 2016 1,817 68 486 2,371 Additions 539 31 388 927 Deductions (448 ) (1 ) (6 ) (455 ) Other changes (60 ) (8 ) (77 ) (114 ) Carrying amount at December 31, 2017 1,848 90 791 2,729 |
Disclosure of detailed information about ageing of trade and other receivable [text block] | The aging of trade and other receivables is presented below: December 31, 2017 December 31, 2016 (€ million) Trade receivables Other receivables Trade receivables Other receivables Neither impaired nor past due 8,800 4,604 9,243 4,869 Impaired (net of the valuation for doubtful accounts) 567 31 759 432 Not impaired and past due in the following periods: - within 90 days 478 21 744 58 - 3 to 6 months 46 9 49 81 - 6 to 12 months 147 202 69 249 - over 12 months 144 372 322 175 815 604 1,184 563 10,182 5,239 11,186 5,864 |
Disclosure of detailed information about other receivables [text block] | Other receivables were as follows: (€ million) December 31, 2017 December 31, 2016 Receivables originated from divestments 597 171 Accounts receivable from - joint venture partners in exploration and production 3,369 4,111 - prepayments for services 261 372 - insurance companies 157 147 - non-financial government entities 2 49 - factoring arrangements 28 81 - non-Italian oil entities for oil tax refunds 32 40 - other receivables 793 893 4,642 5,693 5,239 5,864 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Inventories | |
Disclosure of detailed information about inventories [text block] | December 31, 2017 December 31, 2016 (€ million) Crude oil, gas and petroleum products Chemical products Other Total Crude oil, gas and petroleum products Chemical products Other Total Raw and auxiliary materials and consumables 785 140 1,640 2,565 550 135 1,903 2,588 Products being processed and semi-finished products 133 7 140 99 9 1 109 Work in progress 1 1 2 2 Finished products and goods 1,287 489 83 1,859 1,394 389 86 1,869 Certificates and emission rights 56 56 69 69 2,205 636 1,780 4,621 2,043 533 2,061 4,637 |
Disclosure of detailed information about Changes in inventories and in the loss provision [text block] | Changes in inventories and in the loss provision were as follows: 2017 2016 (€ million) Gross carrying amount Loss provision Net carrying amount Gross carrying amount Loss provision Net carrying amount Carrying amount at the beginning of the year 4,892 (255 ) 4,637 4,887 (308 ) 4,579 Changes 314 314 (29 ) (29 ) New or increased provisions (81 ) (81 ) (125 ) (125 ) Deductions 18 18 163 163 Currency translation differences (254 ) 22 (232 ) 61 (5 ) 56 Other changes (86 ) 51 (35 ) (27 ) 20 (7 ) Carrying amount at the end of the year 4,866 (245 ) 4,621 4,892 (255 ) 4,637 |
Current tax assets (Tables)
Current tax assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Current Tax Assets [Abstract] | |
Disclosure of detailed information about current tax assets [text block] | (€ million) December 31, 2017 December 31, 2016 Italian subsidiaries 99 134 Subsidiaries outside Italy 92 249 191 383 |
Other current tax assets (Table
Other current tax assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Current Tax Assets [Abstract] | |
Disclosure of detailed information about other current tax assets [text block] | (€ million) December 31, 2017 December 31, 2016 VAT 452 447 Excise and customs duties 217 161 Other taxes and duties 60 81 729 689 |
Other current assets (Tables)
Other current assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Current Assets [Abstract] | |
Disclosure of detailed information about other current assets [text block] | (€ million) December 31, 2017 December 31, 2016 Fair value of derivative financial instruments 1,231 2,248 Other current assets 342 343 1,573 2,591 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Property Plant And Equipment | |
Disclosure of detailed information about property, plant and equipment [text block] | (€ million) Land Buildings Plant and machinery Industrial and commercial equipment Other assets Tangible assets in progress and advances Total 2017 Net book amount at the beginning of the year 448 810 50,270 300 309 18,656 70,793 Additions 2 20 153 27 52 8,236 8,490 Depreciation (71 ) (6,996 ) (63 ) (69 ) (7,199 ) Net (impairments) reversals (5 ) (5 ) 436 (1 ) (5 ) (213 ) 207 Disposals (12 ) (3 ) 3 (6 ) (1,430 ) (1,448 ) Write-off (3 ) (2 ) (234 ) (239 ) Currency translation differences (2 ) (3 ) (5,272 ) (8 ) (18 ) (1,722 ) (7,025 ) Other changes 47 87 10,571 (17 ) (2 ) (11,107 ) (421 ) Net book amount at the end of the year 478 835 49,162 236 261 12,186 63,158 Gross book amount at the end of the year 571 3,490 160,751 1,264 1,954 15,747 183,777 Provisions for depreciation and impairments 93 2,655 111,589 1,028 1,693 3,561 120,619 2016 Net book amount at the beginning of the year 510 818 40,667 326 403 25,281 68,005 Additions 1 22 204 32 42 8,766 9,067 Depreciation (66 ) (7,087 ) (66 ) (89 ) (7,308 ) Net (impairments) reversals (64 ) (3 ) 345 (1 ) (17 ) (174 ) 86 Write-off (198 ) (2 ) (89 ) (289 ) Currency translation differences 1 1 1,329 4 551 1,886 Reclassification to assets held for sale (8 ) (2 ) (1 ) (11 ) Other changes 8 40 15,011 11 (34 ) (15,679 ) (643 ) Net book amount at the end of the year 448 810 50,270 300 309 18,656 70,793 Gross book amount at the end of the year 537 3,416 167,007 1,415 2,160 22,737 197,272 Provisions for depreciation and impairments 89 2,606 116,737 1,115 1,851 4,081 126,479 |
Disclosure of detailed information about segment wise capital expenditures [text block] | A breakdown by segment of capital expenditures is provided below: (€ million) 2017 2016 Capital expenditures Exploration & Production 7,638 8,217 Gas & Power 87 66 Refining & Marketing and Chemical 712 655 Corporate and other activities 69 42 Elimination of intragroup profits (16 ) 87 8,490 9,067 |
Disclosure of detailed information about depreciation rates [text block] | 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 2 - 17 Gas pipelines and compression stations 2 - 12 Power plants 5 Other plant and machinery 6 - 12 Industrial and commercial equipment 5 - 25 Other assets 10 - 20 |
Disclosure of exploration activity and appraisal and other tangible assets in progress [text block] | Property, plant and equipment include costs related to exploration activities and appraisal and tangible assets in progress and advances of the Exploration & Production segment: (€ million) Exploratory wells in progress Exploratory wells completed and being evaluated Exploratory successful wells in progress Exploration activity and appraisal Unproved mineral interest Wells and installments in progress Abandonment costs Other tangible assets in progress Total 2017 Book amount at the beginning of the year 221 1,684 913 2,818 2,450 11,690 82 14,222 17,040 Additions 351 351 112 7,190 7,302 7,653 Net (impairments) reversals (13 ) (13 ) 147 (111 ) 36 23 Write-off (11 ) (217 ) (228 ) (2 ) (2 ) (230 ) Reclassifications (438 ) 173 (117 ) (382 ) (7 ) (9,538 ) (11 ) (9,556 ) (9,938 ) Other changes and currency translation differences (15 ) (377 ) (294 ) (686 ) (312 ) (2,676 ) (34 ) (3,022 ) (3,708 ) Book amount at the end of the year 108 1,263 489 1,860 2,390 6,553 37 8,980 10,840 2016 Book amount at the beginning of the year 93 1,737 807 2,637 2,212 19,458 21,670 24,307 Additions 402 402 2 7,777 7,779 8,181 Net (impairments) reversals (5 ) (5 ) 190 (210 ) (20 ) (25 ) Write-off (109 ) (109 ) (6 ) 27 21 (88 ) Reclassifications (282 ) 6 78 (198 ) (35 ) (15,699 ) (15,734 ) (15,932 ) Other changes and currency translation differences 8 50 33 91 81 370 55 506 597 Book amount at the end of the year 221 1,684 913 2,818 2,450 11,690 82 14,222 17,040 |
Disclosure of detailed information about stratification of the suspended wells pending final determination of proved reserves aging [text block] | The following information relates to the stratification of the suspended wells pending final determination (aging): (€ million) 2017 2016 2015 Costs for exploratory wells suspended at the beginning of the period 1,684 1,737 1,568 Increases for which is ongoing the determination of proved reserves 451 282 550 Amounts previously capitalized and expensed in the period (217 ) (109 ) (501 ) Reclassification to successful exploratory wells following the estimation of proved reserves (278 ) (276 ) (30 ) Disposals (199 ) (4 ) Currency translation differences (178 ) 50 154 Costs for exploratory wells suspended at the end of the period 1,263 1,684 1,737 2017 2016 2015 (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) Costs capitalized and suspended for exploratory well activity - within 1 year 222 7.95 16 1.05 368 5.32 - between 1 and 3 years 241 3.87 609 10.25 634 11.14 - beyond 3 years 800 21.44 1,059 21.55 735 18.97 1,263 33.26 1,684 32.85 1,737 35.43 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 148 5.88 9 0.55 368 5.32 - fields for which the delineation campaign is in progress 261 4.69 251 3.51 228 4.13 - fields including commercial discoveries that proceeds to sanctioning 854 22.69 1,424 28.79 1,141 25.98 1,263 33.26 1,684 32.85 1,737 35.43 |
Disclosure of detailed information about unproved mineral interests [text block] | Unproved mineral interests were as follows: (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt Total 2017 Book amount at the beginning of the year 1,254 938 138 113 7 2,450 Additions 112 112 Net (impairments) reversals 72 75 147 Reclassification to proved mineral interest (7 ) (7 ) Other changes and currency translation differences (157 ) (113 ) (21 ) (14 ) (7 ) (312 ) Book amount at the end of the year 1,162 825 192 99 105 7 2,390 2016 Book amount at the beginning of the year 1,021 908 165 109 9 2,212 Additions 2 2 Net (impairments) reversals 190 190 Reclassification to proved mineral interest (31 ) (4 ) (35 ) Other changes and currency translation differences 43 30 4 4 81 Book amount at the end of the year 1,254 938 138 113 7 2,450 |
Disclosure of detailed information about Property, plant and equipment by segment [text block] | Property, plant and equipment by segment (€ million) December 31, 2017 December 31, 2016 Property, plant and equipment, gross Exploration & Production 152,608 165,559 Gas & Power 5,333 6,276 Refining & Marketing and Chemical 24,554 24,119 Corporate and other activities 1,866 1,886 Elimination of intragroup profits (584 ) (568 ) 183,777 197,272 Accumulated depreciation, amortization and impairment losses Exploration & Production 95,775 101,131 Gas & Power 3,954 4,584 Refining & Marketing and Chemical 19,625 19,477 Corporate and other activities 1,525 1,518 Elimination of intragroup profits (260 ) (231 ) 120,619 126,479 Property, plant and equipment, net Exploration & Production 56,833 64,428 Gas & Power 1,379 1,692 Refining & Marketing and Chemical 4,929 4,642 Corporate and other activities 341 368 Elimination of intragroup profits (324 ) (337 ) 63,158 70,793 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
StatementsLineItems [Line Items] | |
Disclosure of detailed information about intangible assets [text block] | (€ million) Exploration rights Industrial patents and intellectual property rights Concessions, licenses, trademarks and similar items Service concession arrangements Intangible assets in progress and advances Other intangible assets Intangible assets with finite useful lives Intangible assets with indefinite useful lives – Goodwill Total 2017 Net book amount at the beginning of the year 1,092 255 259 31 148 164 1,949 1,320 3,269 Additions 91 5 17 1 60 17 191 191 Amortization (65 ) (110 ) (84 ) (2 ) (25 ) (286 ) (286 ) Net (impairments) reversals 18 18 18 Write-off (24 ) (24 ) (24 ) Currency translation differences (115 ) (1 ) (2 ) (118 ) (23 ) (141 ) Other changes (2 ) 32 49 (74 ) (14 ) (9 ) (93 ) (102 ) Net book amount at the end of the year 995 182 240 30 134 140 1,721 1,204 2,925 Gross book amount at the end of the year 1,504 2,485 1,466 52 140 1,101 6,748 Provisions for amortization and impairments 509 2,303 1,226 22 6 961 5,027 2016 Net book amount at the beginning of the year 735 363 276 32 148 166 1,720 1,314 3,034 Additions 15 6 26 1 49 16 113 113 Amortization (18 ) (113 ) (81 ) (2 ) (39 ) (253 ) (253 ) Net (impairments) reversals 385 4 389 389 Write-off (61 ) (61 ) (61 ) Currency translation differences 36 (4 ) 32 6 38 Other changes (1 ) 38 (49 ) 21 9 9 Net book amount at the end of the year 1,092 255 259 31 148 164 1,949 1,320 3,269 Gross book amount at the end of the year 2,216 2,462 1,467 52 153 2,599 8,949 Provisions for amortization and impairments 1,124 2,207 1,208 21 5 2,435 7,000 |
Disclosure of detailed information about amortization rates [text block] | The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP - 33 Transport rights of natural gas 3 Other concessions, licenses, trademarks and similar items 3 - 33 Service concession arrangements 20 - 33 Other intangible assets 4 - 20 |
Disclosure of goodwill [text block] | A breakdown of the stated goodwill by operating segment is provided below: (€ million) December 31, 2017 December 31, 2016 Gas & Power 932 1,025 Exploration & Production 179 202 Refining & Marketing 93 93 1,204 1,320 |
Intangible Exploration And Evaluation Assets [Member] | |
StatementsLineItems [Line Items] | |
Disclosure of detailed information about intangible assets [text block] | The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2017 December 31, 2016 Proved licence and leasehold property acquisition costs 403 497 Unproved licence and leasehold property acquisition costs 586 579 Other mineral interests 6 16 995 1,092 |
Impairment_reversal of tangib70
Impairment/reversal of tangible and intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
StatementsLineItems [Line Items] | |
Disclosure of impairment loss and reversal of impairment loss [text block] | (€ million) 2017 2016 Impairment losses Tangible assets (848 ) (1,067 ) Intangible assets (14 ) (862 ) (1,067 ) less: - reversal of tangible assets 1,055 1,153 - reversal of intangible assets 32 389 225 475 |
Disclosure of detailed information about impairments losses and the associated tax effect [text block] | A breakdown by segment of impairments of tangible assets recorded and the associated tax effect is provided below: (€ million) 2017 2016 Impairments Exploration & Production (636 ) (740 ) Gas & Power (56 ) (167 ) Refining & Marketing and Chemical (131 ) (120 ) Corporate and other activities (25 ) (40 ) (848 ) (1,067 ) Tax effects Exploration & Production 91 216 Gas & Power 12 35 Refining & Marketing and Chemical 35 32 Corporate and other activities 6 144 283 Impairments net of the relevant tax effects Exploration & Production (545 ) (524 ) Gas & Power (44 ) (132 ) Refining & Marketing and Chemical (96 ) (88 ) Corporate and other activities (19 ) (40 ) (704 ) (784 ) A breakdown by segment of reversals of tangible assets recorded and the associated tax effect is provided below: (€ million) 2017 2016 Reversals Exploration & Production 776 1,055 Gas & Power 202 86 Refining & Marketing and Chemical 77 12 1,055 1,153 Tax effects Exploration & Production (171 ) (315 ) Gas & Power (5 ) (28 ) Refining & Marketing and Chemical (24 ) (3 ) (200 ) (346 ) Reversals net of the relevant tax effects Exploration & Production 605 740 Gas & Power 197 58 Refining & Marketing and Chemical 53 9 855 807 |
Disclosure of goodwill [text block] | A breakdown of the stated goodwill by operating segment is provided below: (€ million) December 31, 2017 December 31, 2016 Gas & Power 932 1,025 Exploration & Production 179 202 Refining & Marketing 93 93 1,204 1,320 |
Gas & Power Segment [Member] | |
StatementsLineItems [Line Items] | |
Disclosure of goodwill [text block] | The amount of goodwill outstanding at the reporting date mainly related to the Gas & Power segment. A breakdown is disclosed below. (€ million) December 31, 2017 December 31, 2016 Domestic gas market 835 835 Foreign gas market 97 190 - of which European market 95 188 932 1,025 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Investments | |
Disclosure of investments accounted for using equity method [text block] | Equity-accounted investments 2017 2016 (€ million) Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Book amount at the beginning of the year 168 2,675 1,197 4,040 175 1,275 1,403 2,853 Additions and subscriptions 63 444 507 8 1,085 63 1,156 Divestments and reimbursements (462 ) (462 ) (138 ) (138 ) Share of profit of equity-accounted investments 9 49 66 124 10 50 17 77 Share of loss of equity-accounted investments (7 ) (340 ) (6 ) (353 ) (8 ) (208 ) (154 ) (370 ) Deduction for dividends (32 ) (41 ) (13 ) (86 ) (2 ) (45 ) (53 ) (100 ) Changes in the scope of consolidation 2 2 5 564 569 Currency translation differences (13 ) (127 ) (128 ) (268 ) 5 12 29 46 Other changes (11 ) 53 (35 ) 7 (25 ) (58 ) 30 (53 ) Book amount at the end of the year 116 2,332 1,063 3,511 168 2,675 1,197 4,040 |
Disclosure of detailed information about entity wise share of profit of equity-accounted investments [text block] | Eni’s share of profit of equity-accounted investments and deductions for dividends pertained to the following entities: 2017 2016 (€ million) Share of profit of equity- accounted investments Deduction for dividends % of the investment Share of profit of equity- accounted investments Deduction for dividends % of the investment Angola LNG Ltd 45 13.60 Eni BTC Ltd 27 100.00 6 100.00 PetroJunín SA 26 40.00 30 40.00 Unimar Llc 3 24 50.00 16 50.00 United Gas Derivatives Co 16 12 33.33 14 14 33.33 Gas Distribution Company of Thessaloniki – Thessaly SA 9 12 49.00 10 10 49.00 PetroSucre SA 30 26.00 Other investments 25 11 17 30 124 86 77 100 |
Disclosure of detailed information about entity wise share of loss of equity-accounted investments [text block] | Eni’s share of losses of equity-accounted investments related to the following entities: 2017 2016 (€ million) Share of loss of equity- accounted investments % of the investment Share of loss of equity- accounted investments % of the investment Cardón IV SA 184 50.00 20 50.00 Saipem SpA 101 31.00 144 30.76 Unión Fenosa Gas SA 28 50.00 50.00 Matrìca SpA 17 50.00 4 50.00 PetroSucre SA 92 26.00 Angola LNG Ltd 62 13.60 PetroBicentenario SA 26 40.00 Other investments 23 22 353 370 |
Disclosure of detailed information about entity wise equity-accounted investments [text block] | The net carrying amount of equity-accounted investments was related to the following entities: December 31, 2017 December 31, 2016 (€ million) Net carrying amount Number of shares held % of the investment Net carrying amount Number of shares held % of the investment Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 63 34,000,000 100.00 106 34,000,000 100.00 Other investments (*) 53 62 116 168 Joint ventures Saipem SpA 1,413 308,767,968 31.00 1,497 3,087,679,689 30.76 Unión Fenosa Gas SA 350 273,100 50.00 434 273,100 50.00 PetroJunín SA 210 96,084,000 40.00 211 96,084,000 40.00 Gas Distribution Company of Thessaloniki – Thessaly SA 137 121,092,526 49.00 150 130,491,508 49.00 Lotte Versalis Elastomers Co Ltd 114 30,179,999 50.00 74 19,200,000 50.00 AET – Raffineriebeteiligungsgesellschaft mbH 32 1 33.33 Cardón IV SA 197 8,605 50.00 Unimar Llc 42 50 50.00 Other investments (*) 76 70 2,332 2,675 Associates Angola LNG Ltd 802 1,483,352,000 13.60 916 1.551.760.000 13.60 United Gas Derivatives Co 82 2,600,000 33.33 117 950,000 33.33 Novamont SpA 71 6,667 25.00 77 6,667 25.00 Coral FLNG SA 54 2,500,000 25.00 AET – Raffineriebeteiligungsgesellschaft mbH 34 1 33.33 Other investments (*) 54 53 1,063 1,197 3,511 4,040 _________ (*) Each individual amount included herein was lower than €25 million. |
Disclosure of detailed information about the market value of the investments listed in stock markets [text block] | As of December 31, 2017, the market value of the investments listed in stock markets was as follows: Number of % of the Share price Market value Saipem SpA 308,767,968 31.00 3.806 1,175 |
Disclosure of detailed information about entity wise provisions for losses related to equity-accounted investments [text block] | The table below sets out the provisions for losses included in the provisions for contingencies of €182 million (€151 million at December 31, 2016), primarily related to the following equity-accounted investments: (€ million) December 31, 2017 December 31, 2016 Industria Siciliana Acido Fosforico – ISAF – SpA (in liquidation) 95 95 Matrìca SpA 38 VIC CBM Ltd 30 34 PetroBicentenario SA 12 6 Société Centrale Eletrique du Congo SA 6 7 Other investments 1 9 182 151 |
Disclosure of investments other than investments accounted for using equity method [text block] | Other investments 2017 2016 (€ million) Investments in unconsolidated entities controlled by Eni Associates Other investments - valued at cost Total Investments in unconsolidated entities controlled by Eni Associates Other investments - valued at fair value Other investments - valued at cost Total Net book amount at the beginning of the year 29 10 237 276 25 10 368 257 660 Additions and subscriptions 3 3 5 3 8 Divestments and reimbursements (6 ) (13 ) (19 ) (368 ) (31 ) (399 ) Currency translation differences (1 ) (22 ) (23 ) (2 ) 6 4 Other changes (9 ) (4 ) (5 ) (18 ) (1 ) (1 ) 5 3 Value at the end of the year 14 5 200 219 29 10 237 276 Gross book amount at the end of the year 15 5 207 227 30 10 240 280 Accumulated impairment charges 1 7 8 1 3 4 |
Disclosure of detailed information about entity wise other investments [text block] | The net carrying amount of other investments of €219 million (€276 million at December 31, 2016) was related to the following entities: December 31, 2017 December 31, 2016 (€ million) Net carrying amount Number of shares held % of the investment Net carrying amount Number of shares held % of the investment Investments in unconsolidated entities controlled by Eni (*) 14 29 Associates 5 10 Other investments: - Nigeria LNG Ltd 99 118,373 10.40 112 118,373 10.40 - Darwin LNG Pty Ltd 32 213,995,164 10.99 49 213,995,164 10.99 - other (*) 69 76 200 237 219 276 __________ (*) Each individual amount included herein was lower than €25 million. |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Financial Assets Explanatory [Abstract] | |
Disclosure of detailed information about other financial assets [text Block] | (€ million) December 31, 2017 December 31, 2016 Financing receivables held for operating purposes 1,602 1,785 Securities held for operating purposes 73 75 1,675 1,860 |
Disclosure of allowance for credit losses other financial assets [text block] | Financing receivables held for operating purposes are stated net of the valuation allowance for doubtful accounts of €640 million (€480 million at December 31, 2016). (€ million) Reserve of allowance for doubtful accounts of financing receivables Amount at December 31, 2016 480 Additions 211 Currency translation differences (49 ) Other changes (2 ) Amount at December 31, 2017 640 |
Disclosure of detailed information about analyses securities per issuing entity [text block] | The following table analyses securities per issuing entity: Amortized cost (€ million) Nominal value (€ million) Fair Value (€ million) Nominal rate of return (%) Maturity date Rating - Moody’s Rating - S&P Sovereign states Fixed rate bonds Italy 24 25 26 from 0.35 to 4.75 from 2018 to 2025 Baa2 BBB Spain 15 14 15 from 1.40 to 4.30 from 2019 to 2020 Baa2 BBB+ Ireland 9 8 9 4.50 2018 A2 A+ Iceland 3 3 3 2.50 2020 A3 A Poland 2 2 2 4.20 2020 A2 BBB+ Slovenia 2 2 2 4.13 2020 Baa1 A+ Belgium 2 2 2 1.40 2018 Aa3 AA Floating rate bonds Italy 12 11 11 from 2018 to 2019 Baa2 BBB Total sovereign states 69 67 70 European Investment Bank 4 4 4 2018 Aaa AAA 73 71 74 |
Deferred tax assets (Tables)
Deferred tax assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Deferred Taxes [Abstract] | |
Disclosure of detailed information about Deferred tax assets [Text Block] | Deferred tax assets are stated net of amounts of deferred tax liabilities that can be offset for €4,269 million (€4,286 million at December 31, 2016). (€ million) Deferred tax assets Provisions for impairments Total Amount at December 31, 2016 9,412 (5,622 ) 3,790 Additions 2,341 (212 ) 2,129 Deductions (1,588 ) 349 (1,239 ) Currency translation differences (862 ) 202 (660 ) Other changes 37 21 58 Amount at December 31, 2017 9,340 (5,262 ) 4,078 |
Other non-current assets (Table
Other non-current assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Non Current Assets Explanatory [Abstract] | |
Disclosure of detailed information about Other non-current assets [Text Block] | (€ million) December 31, 2017 December 31, 2016 Tax receivables from: - Italian tax authorities - income tax 62 73 - interest on tax credits 64 64 126 137 - non-Italian tax authorities 381 365 507 502 Other receivables: - related to divestments 118 222 - other non-current 44 52 162 274 Fair value of derivative financial instruments 80 108 Other asset 574 464 1,323 1,348 |
Short-term debt (Tables)
Short-term debt (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Statement Table | |
Disclosure of detailed information about Short-term debt [text block] | (€ million) December 31, 2017 December 31, 2016 Commercial papers 1,664 2,738 Banks 201 155 Other financial institutions 377 503 2,242 3,396 |
Disclosure of detailed information about currency wise breakdown of Short-term debt [Text Block] | The breakdown by currency of short-term debt is provided below: (€ million) December 31, 2017 December 31, 2016 Euro 904 1,405 U.S. dollar 1,329 1,982 Other currencies 9 9 2,242 3,396 |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Trade And Other Payables [Abstract] | |
Disclosure of detailed information about trade and other payables [text block] | (€ million) December 31, 2017 December 31, 2016 Trade payables 10,890 11,038 Advances 797 526 Other payables - related to capital expenditures 2,094 2,158 - others 2,967 2,981 5,061 5,139 16,748 16,703 |
Disclosure of detailed information of other payables [Text Block] | Other payables were as follows: (€ million) December 31, 2017 December 31, 2016 Payables related to capital expenditures due to Suppliers in relation to investing activities 1,804 1,835 Joint venture partners in exploration and production activities 264 219 Other 26 104 2,094 2,158 Other payables Joint venture partners in exploration and production activities 1,968 2,057 Employees 184 180 Social security entities 84 94 Non-financial government entities 23 6 Other 708 644 2,967 2,981 5,061 5,139 |
Income tax payable (Tables)
Income tax payable (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Income Tax Explanatory [Abstract] | |
Disclosure of detailed information about Income tax payable [Text Block] | (€ million) December 31, 2017 December 31, 2016 Italian subsidiaries 174 97 Non-Italian subsidiaires 298 329 472 426 |
Other tax payable (Tables)
Other tax payable (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Tax Payable [Abstract] | |
Disclosure of detailed information about Other tax payable [Text Block] | (€ million) December 31, 2017 December 31, 2016 Excise and customs duties 824 634 Other taxes and duties 648 659 1,472 1,293 |
Other current liabilities (Tabl
Other current liabilities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Current Liabilities Explanatory [Abstract] | |
Disclosure of detailed information about Other current liabilities [Text Block] | (€ million) December 31, 2017 December 31, 2016 Fair value of derivatives financial instruments 1,011 2,108 Other liabilities 504 491 1,515 2,599 |
Long-term debt and current po80
Long-term debt and current portion of long-term debt (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
StatementsLineItems [Line Items] | |
Disclosure of detailed information about long-term and short term debt [text block] | December 31, 2017 December 31, 2016 (€ million) Long-term portion Short-term portion Total Long-term portion Short-term portion Total Banks 3,200 801 4,001 4,014 272 4,286 Ordinary bonds 16,520 1,445 17,965 16,044 2,959 19,003 Convertible bonds 387 387 383 383 Other financial institutions 72 40 112 123 48 171 20,179 2,286 22,465 20,564 3,279 23,843 |
Disclosure of detailed information about borrowings [text block] | The following table reflects long-term debt and current portion of long-term debt as of December 31, 2017 by maturity: At December 31, Long-term maturity (€ million) Maturity range 31.12.2017 2019 2020 2021 2022 After Total Current maturity 2018 Banks 2018 – 2032 4,001 1,290 729 341 143 697 3,200 801 Ordinary bonds 2018 – 2043 17,965 2,486 2,371 934 697 10,032 16,520 1,445 Convertible bonds 2022 387 387 387 Other financial institutions 2018 – 2032 112 45 3 3 3 18 72 40 22,465 3,821 3,103 1,278 1,230 10,747 20,179 2,286 |
Disclosure of detailed information about currency wise breakdown of long-term debt [text block] | The following table provides a breakdown by currency of long-term debt, its current portion and the related weighted average interest rates. December 31, 2017 (€ million) Average rate (%) December 31, 2016 (€ million) Average rate (%) Euro 20,094 2.4 21,545 2.7 U.S. dollar 1,694 4.8 1,587 5.2 British pound 521 5.3 540 5.3 Japanese yen 156 2.6 171 2.6 22,465 23,843 |
Disclosure of detailed information about fair value of long-term debt, including the current portion of long-term debt [text block] | Fair value of long-term debt, including the current portion of long-term debt amounted to €23,764 million (€25,358 million at December 31, 2016): (€ million) December 31, 2017 December 31, 2016 Ordinary bonds 19,219 20,501 Convertible bonds 410 435 Banks 4,021 4,244 Other financial institutions 114 178 23,764 25,358 |
Disclosure of detailed information of net borrowings [text block] | Eni’s presentation and calculation of net borrowings and leverage may not be comparable to that of other companies. December 31, 2017 December 31, 2016 (€ million) Current Non- current Total Current Non- current Total A. Cash and cash equivalents 7,363 7,363 5,674 5,674 B. Held-for-trading financial assets 6,012 6,012 6,166 6,166 C. Available-for-sale financial assets 207 207 238 238 D. Liquidity (A+B+C) 13,582 13,582 12,078 12,078 E. Financing receivables 209 209 385 385 F. Short-term debt towards banks 201 201 155 155 G. Long-term debt towards banks 801 3,200 4,001 272 4,014 4,286 H. Bonds 1,445 16,907 18,352 2,959 16,427 19,386 I. Short-term debt towards related parties 164 164 191 191 L. Other short-term liabilities 1,877 1,877 3,050 3,050 M. Other long-term liabilities 40 72 112 48 123 171 N. Total borrowings (F+G+H+I+L+M) 4,528 20,179 24,707 6,675 20,564 27,239 O. Net borrowings (N-D-E) (9,263 ) 20,179 10,916 (5,788 ) 20,564 14,776 |
Disclosure of reconciliation of liabilities arising from financing activities [text block] | Changes in gross borrowings were as following: (€ million) Long-term debt and current portion of long-term debt Short-term debt Total Carrying amount at December 31, 2016 23,843 3,396 27,239 Cash flows (1,131 ) (581 ) (1,712 ) Currency translation differences (236 ) (574 ) (810 ) Other non-monetary changes (11 ) 1 (10 ) Carrying amount at December 31, 2017 22,465 2,242 24,707 |
Ordinary Bonds [Member] | |
StatementsLineItems [Line Items] | |
Disclosure of detailed information about borrowings [text block] | The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2017: 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 1,500 16 1,516 EUR 2019 4.125 Eni SpA 1,200 17 1,217 EUR 2025 3.750 Eni SpA 1,000 37 1,037 EUR 2020 4.250 Eni SpA 1,000 32 1,032 EUR 2018 3.500 Eni SpA 1,000 27 1,027 EUR 2029 3.625 Eni SpA 1,000 19 1,019 EUR 2020 4.000 Eni SpA 1,000 8 1,008 EUR 2023 3.250 Eni SpA 1,000 7 1,007 EUR 2026 1.500 Eni SpA 900 (6 ) 894 EUR 2024 0.625 Eni SpA 800 1 801 EUR 2021 2.625 Eni SpA 800 (2 ) 798 EUR 2028 1.625 Eni SpA 750 13 763 EUR 2019 3.750 Eni SpA 750 7 757 EUR 2024 1.750 Eni SpA 750 4 754 EUR 2027 1.500 Eni SpA 700 700 EUR 2022 0.750 Eni SpA 650 (1 ) 649 EUR 2025 1.000 Eni SpA 600 (6 ) 594 EUR 2028 1.125 Eni Finance International SA 507 15 522 GBP 2018 2021 4.750 6.125 Eni Finance International SA 295 3 298 EUR 2028 2043 3.875 5.441 Eni Finance International SA 155 1 156 YEN 2019 2037 1.955 2.810 Eni Finance International SA 417 (3 ) 414 USD 2026 variable 16,774 189 16,963 Other bonds Eni SpA 375 3 378 USD 2020 4.150 Eni SpA 292 292 USD 2040 5.700 Eni USA Inc 333 (1 ) 332 USD 2027 7.300 1,000 2 1,002 17,774 191 17,965 |
Convertible Bonds [Member] | |
StatementsLineItems [Line Items] | |
Disclosure of detailed information about borrowings [text block] | The following table provides a breakdown of convertible bonds issued by Eni SpA as of December 31, 2017: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Issuing entity Eni SpA 400 (13 ) 387 EUR 2022 0.000 400 (13 ) 387 |
Provisions for contingencies (T
Provisions for contingencies (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Provisions For Contingent [Abstract] | |
Disclosure of other provisions [text block] | (€ million) Provision for site restoration, abandonment and social projects Environmental provision Provision for litigations Provision for taxes Loss adjustments and actuarial provisions for Eni’s insurance companies Provision for redundancy incentives Provision for onerous contracts Provision for losses on investments Provision for OIL insurance cover Provision for disposal and restructuring Other (*) Total Carrying amount at December 31, 2016 8,419 2,691 954 732 207 176 165 153 88 58 253 13,896 New or increased provisions 217 567 162 181 9 46 16 193 1,391 Initial recognition and 370 370 Accretion discount 271 (9 ) 1 1 2 (2 ) 264 Reversal of utilized provisions (289 ) (237 ) (281 ) (225 ) (190 ) (17 ) (99 ) (13 ) (75 ) (1,426 ) Reversal of unutilized (10 ) (17 ) (50 ) (52 ) (32 ) (1 ) (10 ) (3 ) (25 ) (200 ) Currency translation differences (646 ) (1 ) (95 ) (66 ) (7 ) (7 ) (1 ) (11 ) (834 ) Other changes 11 9 11 (24 ) 7 3 (8 ) 4 (27 ) (14 ) Carrying amount at December 31, 2017 8,126 2,653 1,107 527 205 140 60 182 76 65 306 13,447 _________ (*) Each individual amount included herein was lower than €50 million. |
Provisions for employee benef82
Provisions for employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Provisions For Employee Benefits [Abstract] | |
Disclosure of defined benefit plans [text block] | (€ million) December 31, 2017 December 31, 2016 TFR 284 298 Foreign defined benefit plans 409 276 FISDE and other foreign medical plans 122 124 Other benefit plans 207 170 1,022 868 |
Disclosure of net defined benefit liability (asset) [text block] | Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: December 31, 2017 December 31, 2016 (€ million) TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans Total TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans Total Present value of benefit liabilities at beginning of year 298 895 124 170 1,487 281 1,240 156 153 1,830 Current cost 24 2 54 80 28 2 56 86 Interest cost 3 29 2 1 35 6 34 3 1 44 Remeasurements: (6 ) 54 (1 ) 3 50 19 22 (17 ) 1 25 - actuarial (gains) losses due to changes in demographic assumptions (14 ) (14 ) (2 ) (2 ) (1 ) (2 ) (7 ) - actuarial (gains) losses due to changes in financial assumptions (5 ) 71 3 69 11 30 (2 ) 2 41 - experience (gains) losses (1 ) (3 ) (1 ) (5 ) 10 (6 ) (14 ) 1 (9 ) Past service cost and (gains) losses settlements (1 ) 30 29 (7 ) 2 (3 ) (8 ) Plan contributions: 1 1 1 1 - employee contributions 1 1 1 1 Benefits paid (10 ) (37 ) (5 ) (37 ) (89 ) (8 ) (33 ) (6 ) (31 ) (78 ) Reclassification to asset held for sale (12 ) (2 ) (14 ) Changes in the scope of consolidation (1 ) (15 ) (1 ) (3 ) (20 ) Currency translation differences and other changes 59 1 (9 ) 51 (390 ) (16 ) (7 ) (413 ) Present value of benefit liabilities at end of year (a) 284 997 122 207 1,610 298 895 124 170 1,487 Plan assets at beginning of year 619 619 707 707 Interest income 20 20 20 20 Return on plan assets 12 12 42 42 Past service cost and (gains) losses settlements (3 ) (3 ) Plan contributions: 24 24 25 25 - employee contributions 1 1 1 1 - employer contributions 23 23 24 24 Benefits paid (25 ) (25 ) (19 ) (19 ) Changes in the scope of consolidation (15 ) (15 ) Currency translation differences and other changes (47 ) (47 ) (153 ) (153 ) Plan assets at end of year (b) 588 588 619 619 Net liability recognized at end of year (a-b) 284 409 122 207 1,022 298 276 124 170 868 |
Disclosure of detailed information about employee benefits Costs charged to the profit and loss account and other comprehensive income [text block] | Costs charged to the profit and loss account consisted of the following: (€ million) TFR Foreign defined benefit plans Fisde and other foreign medical plans Other benefit plans Total 2017 Current cost 24 2 54 80 Past service cost and (gains) losses on (1 ) 30 29 Interest cost (income), net: - interest cost on liabilities 3 29 2 1 35 - interest income on plan assets (20 ) (20 ) Total interest cost (income), net 3 9 2 1 15 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 3 9 2 14 Remeasurements for long-term plans 3 3 Total 3 32 4 88 127 - of which recognized in “Payroll and related cost” 23 2 88 113 - of which recognized in “Financial income (expense)” 3 9 2 14 2016 Current cost 28 2 56 86 Past service cost and (gains) losses on (4 ) 2 (3 ) (5 ) Interest cost (income), net: - interest cost on liabilities 6 34 3 1 44 - interest income on plan assets (20 ) (20 ) Total interest cost (income), net 6 14 3 1 24 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 6 14 3 23 Remeasurements for long-term plans (1 ) (1 ) Total 6 38 7 53 104 - of which recognized in “Payroll and related cost” 24 4 53 81 - of which recognized in “Financial income (expense)” 6 14 3 23 Costs recognized in other comprehensive income consisted of the following: 2017 2016 (€ million) TFR Foreign defined benefit plans Fisde and other foreign medical plans Total TFR Foreign defined benefit plans Fisde and other foreign medical plans Other benefit plans Total Remeasurements Actuarial (gains)/losses due to changes in demographic assumptions (14 ) (14 ) (2 ) (2 ) (1 ) 1 (4 ) Actuarial (gains)/losses due to changes in financial assumptions (5 ) 71 66 11 30 (2 ) 1 40 Experience (gains) losses (1 ) (3 ) (1 ) (5 ) 10 (6 ) (14 ) (10 ) Return on plan assets (12 ) (12 ) (42 ) (42 ) (6 ) 42 (1 ) 35 19 (20 ) (17 ) 2 (16 ) |
Disclosure of fair value of plan assets [text block] | Plan assets consisted of the following: (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by insurance company Other Total December 31, 2017 Plan assets with a quoted market price 16 48 329 10 9 60 13 100 585 Plan assets without a quoted market price 3 3 16 48 329 10 9 60 16 100 588 December 31, 2016 Plan assets with a quoted market price 105 49 270 11 1 65 14 101 616 Plan assets without a quoted market price 3 3 105 49 270 11 1 65 17 101 619 |
Disclosure of detailed information about actuarial assumptions [text block] | The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 2018 consisted of the following: TFR Foreign defined benefit plans FISDE and other foreign medical plans Other long-term benefit plans 2017 Discount rate (%) 1.5 0.6-15.5 1.5 0.0-1.5 Rate of compensation increase (%) 2.5 1.5-13.5 Rate of price inflation (%) 1.5 0.6-14.8 1.5 1.5 Life expectations on retirement at age 65 (years) 13-24 24 2016 Discount rate (%) 1.0 0.6-17.5 1.0 0.0-1.0 Rate of compensation increase (%) 2.0 1.0-15.0 Rate of price inflation (%) 1.0 0.6-13.5 1.0 1.0 Life expectations on retirement at age 65 (years) 13-24 24 |
Disclosure of detailed information about geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans [text block] | The following is an analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans: Euro area Rest of Europe Africa Other areas Foreign defined benefit plans 2017 Discount rate (%) 1.5-1.8 0.6-2.5 3.7-15.5 4.1-8.0 0.6-15.5 Rate of compensation increase (%) 1.5-3.0 2.5-3.7 5.0-13.5 1.5-10.0 1.5-13.5 Rate of price inflation (%) 1.5-1.9 0.6-3.4 3.7-14.8 1.5-4.8 0.6-14.8 Life expectations on retirement at age 65 (years) 21 22-24 13-17 13-24 2016 Discount rate (%) 1.0-2.0 0.6-2.7 3.5-17.5 7.3-8.1 0.6-17.5 Rate of compensation increase (%) 1.0-3.0 2.3-3.8 5.0-15.0 7.8-10.0 1.0-15.0 Rate of price inflation (%) 1.0-1.8 0.6-3.4 3.5-13.5 5.0-5.5 0.6-13.5 Life expectations on retirement at age 65 (years) 21-22 23-24 13-15 13-24 |
Disclosure of sensitivity analysis for actuarial assumptions [text block] | The effects of a possible change in the main actuarial assumptions at the end of the year are listed below: Discount rate Rate of price inflation Rate of increases in pensionable salaries Healthcare cost trend rate Rate of increases to pensions in payment (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2017 Effect on DBO TFR (13 ) 14 9 Foreign defined benefit plans (72 ) 79 24 20 13 FISDE and other foreign medical plans (7 ) 7 7 Other benefit plans (3 ) 1 1 December 31, 2016 Effect on DBO TFR (15 ) 16 10 Foreign defined benefit plans (57 ) 66 33 15 23 FISDE and other foreign medical plans (7 ) 8 8 Other benefit plans (2 ) 2 1 |
Disclosure of information about maturity profile of defined benefit obligation [text block] | The following is an analysis by maturity date of the liabilities for employee benefit plans: (€ million) TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans December 31, 2017 2018 16 47 5 66 2019 17 65 5 60 2020 18 70 5 46 2021 17 79 5 8 2022 14 84 5 6 2023 and thereafter 202 64 97 31 December 31, 2016 2017 13 31 5 37 2018 14 44 5 59 2019 15 33 5 52 2020 17 33 5 3 2021 19 38 5 3 2022 and thereafter 220 97 99 42 The weighted average duration of the liabilities for employee benefit plans was the following: TFR Foreign defined benefit plans FISDE and other foreign medical plans Other benefit plans 2017 Weighted average duration (years) 10.1 17.5 13.7 3.0 2016 Weighted average duration (years) 10.3 17.9 13.9 3.4 |
Deferred tax liabilities (Table
Deferred tax liabilities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Deferred Tax Liabilities [Abstract] | |
Disclosure of detailed information about Deferred tax liabilities [text block] | Deferred tax liabilities were recognized net of the amounts of deferred tax assets that can be offset for €4,269 million (€4,286 million at December 31, 2016). (€ million) Deferred tax liabilities Amount at December 31, 2016 6,667 Additions 1,171 Deductions (835 ) Currency translation differences (1,123 ) Other changes 20 Amount at December 31, 2017 5,900 |
Disclosure of detailed information about Deferred tax assets and liabilities [text block] | Deferred tax assets and liabilities consisted of the following: (€ million) December 31, 2017 December 31, 2016 Deferred tax liabilities 10,169 10,953 Deferred tax assets available for offset (4,269 ) (4,286 ) 5,900 6,667 Deferred tax assets not available for offset (4,078 ) (3,790 ) Net deferred tax liabilities 1,822 2,877 |
Disclosure of temporary difference, unused tax losses and unused tax credits [text block] | The most significant temporary differences giving rise to net deferred tax liabilities are disclosed below: (€ million) Carrying amount at December 31, 2017 Carrying amount at December 31, 2016 Deferred tax liabilities Accelerated tax depreciation 8,323 8,899 Difference between the fair value and the carrying amount of assets acquired 1,106 1,269 Site restoration and abandonment (tangible assets) 305 348 Application of the weighted average cost method in evaluation of inventories 70 81 Other 365 356 10,169 10,953 Deferred tax assets, gross Carry-forward tax losses (5,240 ) (4,722 ) Site restoration and abandonment (provisions for contingencies) (2,747 ) (2,881 ) Timing differences on depreciation and amortization (2,164 ) (2,260 ) Accruals for impairment losses and provisions for contingencies (1,404 ) (1,413 ) Impairment losses (801 ) (906 ) Over/Underlifting (395 ) (270 ) Employee benefits (194 ) (163 ) Unrealized intercompany profits (130 ) (118 ) Other (534 ) (965 ) (13,609 ) (13,698 ) Impairments of deferred tax assets 5,262 5,622 Deferred tax assets, net (8,347 ) (8,076 ) Net deferred tax liabilities 1,822 2,877 |
Disclosure of reconciliation of changes in deferred tax liability assets [text block] | The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax liabilities Deferred tax assets, gross Impairments of deferred tax assets Deferred tax assets, net Net deferred tax liabilities 2017 Carrying amount at the beginning of the year 10,953 (13,698 ) 5,622 (8,076 ) 2,877 Additions 1,171 (2,341 ) 212 (2,129 ) (958 ) Deductions (835 ) 1,588 (349 ) 1,239 404 Currency translation differences (1,123 ) 862 (202 ) 660 (463 ) Other changes 3 (20 ) (21 ) (41 ) (38 ) Carrying amount at the end of the year 10,169 (13,609 ) 5,262 (8,347 ) 1,822 2016 Carrying amount at the beginning of the year 10,780 (12,307 ) 5,099 (7,208 ) 3,572 Additions 1,796 (2,994 ) 667 (2,327 ) (531 ) Deductions (1,486 ) 1,208 (254 ) 954 (532 ) Currency translation differences 229 (185 ) 80 (105 ) 124 Other changes (366 ) 580 30 610 244 Carrying amount at the end of the year 10,953 (13,698 ) 5,622 (8,076 ) 2,877 |
Other non-current liabilities (
Other non-current liabilities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Other Non-current Liabilities Explanatory [Abstract] | |
Disclosure of detailed information about Other non-current liabilities [Text Block] | (€ million) December 31, 2017 December 31, 2016 Fair value of derivatives financial instruments 91 161 Income tax liabilities 36 35 Other payables towards tax authorities 9 9 Cautionary deposits 255 265 Other payables 45 51 Other liabilities 1,043 1,247 1,479 1,768 |
Derivative financial instrume85
Derivative financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Financial Instruments | |
Disclosure of fair value measurement [text block] | December 31, 2017 December 31, 2016 (€ million) Fair value asset Fair value liability Level of Fair value Fair value asset Fair value liability Level of Fair value Non-hedging derivatives Derivatives on exchange rate - Currency swap 170 86 2 188 268 2 - Interest currency swap 41 45 2 38 83 2 - Outright 3 5 2 17 15 2 214 136 243 366 Derivatives on interest rate - Interest currency swap 9 5 2 10 12 2 9 5 10 12 Derivatives on commodities - Future 796 771 1 624 611 1 - Over the counter 81 97 2 133 120 2 - Options 1 2 - Other 1 2 2 4 5 2 878 870 761 737 1,101 1,011 1,014 1,115 Trading derivatives Derivatives on commodities - Over the counter 683 829 2 1,495 1,490 2 - Future 395 390 1 561 574 1 - Options 133 114 2 211 157 2 1,211 1,333 2,267 2,221 Cash flow hedge derivatives Derivatives on commodities - Over the counter 227 21 2 309 150 2 - Future 35 1 1 18 1 262 21 310 168 Option embedded in convertible bonds 16 16 2 46 46 2 Gross amount 2,590 2,381 3,637 3,550 Offsetting (1,279 ) (1,279 ) (1,281 ) (1,281 ) Net amount 1,311 1,102 2,356 2,269 Of which: - current 1,231 1,011 2,248 2,108 - non-current 80 91 108 161 |
Shareholders' equity (Tables)
Shareholders' equity (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Shareholders Equity Tables | |
Disclosure Of Non controlling Interests Explanatory [text block] | Non-controlling interest Net profit Shareholders’ equity (€ million) 2017 2016 December 31, 2017 December 31, 2016 EniPower Mantova SpA 4 5 23 21 Adriaplin Doo 2 2 14 13 Serfactoring SpA (3 ) 12 15 3 7 49 49 |
Disclosure of Eni shareholders' equity [text block] | Eni shareholders’ equity (€ million) December 31, 2017 December 31, 2016 Share capital 4,005 4,005 Legal reserve 959 959 Reserve for treasury shares 581 581 Reserve related to the fair value of cash flow hedging derivatives net of the tax effect 183 189 Reserve related to the fair value of available-for-sale securities net of the tax effect 4 Reserve related to the defined benefit plans net of tax effect (114 ) (112 ) Other reserves 280 211 Cumulative currency translation differences 4,818 10,319 Treasury shares (581 ) (581 ) Retained earnings 35,966 40,367 Interim dividend (1,441 ) (1,441 ) Net profit (loss) for the year 3,374 (1,464 ) 48,030 53,037 |
Disclosure of reserves within equity [text block] | The reserves related to the valuation at fair value of cash flow hedging derivatives, available-for-sale financial instruments and defined benefit plans, net of the related tax effect, consisted of the following: Cash flow hedge derivatives Available-for-sale financial instruments Defined benefit plans Total (€ million) Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Reserve as of December 31, 2016 246 (57 ) 189 5 (1 ) 4 (99 ) (13 ) (112 ) 152 (71 ) 81 Changes of the year 2017 (59 ) 14 (45 ) (5 ) 1 (4 ) (33 ) 29 (4 ) (97 ) 44 (53 ) Foreign currency translation differences (1 ) 3 2 (1 ) 3 2 Reversal of the year 2017 53 (14 ) 39 53 (14 ) 39 Reserve as of December 31, 2017 240 (57 ) 183 (133 ) 19 (114 ) 107 (38 ) 69 Reserve as of December 31, 2015 (637 ) 163 (474 ) 9 (1 ) 8 (111 ) 10 (101 ) (739 ) 172 (567 ) Changes of the year 2016 360 (90 ) 270 (3 ) (3 ) 16 (35 ) (19 ) 373 (125 ) 248 Foreign currency translation differences (4 ) 12 8 (4 ) 12 8 Reversal of the year 2016 523 (130 ) 393 (1 ) (1 ) 522 (130 ) 392 Reserve as of December 31, 2016 246 (57 ) 189 5 (1 ) 4 (99 ) (13 ) (112 ) 152 (71 ) 81 |
Disclosure of detailed information about reconciliation of net profit and shareholders' equity of parent company to consolidated net profit and shareholders' equity [text Block] | Reconciliation of net profit and shareholders’ equity of the parent company Eni SpA to consolidated net profit and shareholders’ equity Net profit Shareholders’ equity (€ million) 2017 2016 December 31, 2017 December 31, 2016 As recorded in Eni SpA’s Financial Statements 3,586 4,521 42,529 41,935 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company (466 ) (5,480 ) 6,110 12,384 Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity (1 ) (44 ) 145 240 - adjustments to comply with Group account policies 202 (188 ) 719 461 - elimination of unrealized intercompany profits (88 ) (56 ) (807 ) (801 ) - deferred taxation 144 (210 ) (617 ) (1,133 ) 3,377 (1,457 ) 48,079 53,086 Non-controlling interest (3 ) (7 ) (49 ) (49 ) As recorded in Consolidated Financial Statements 3,374 (1,464 ) 48,030 53,037 |
Other information (Tables)
Other information (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Notes And Other Explanatory Information Explanatory [Abstract] | |
Disclosure of Detailed information about Supplemental cash flow information [Text Block] | Supplemental cash flow information (€ million) 2017 2016 2015 Disposal of consolidated subsidiaries and businesses Current assets 166 6,526 44 Non-current assets 814 8,615 125 Net borrowings (252 ) (5,415 ) (77 ) Current and non-current liabilities (205 ) (6,334 ) (45 ) Net effect of disposals 523 3,392 47 Reclassification of foreign currency translation differences among other items of comprehensive income 7 (34 ) Fair value of share capital held after the sale of control (1,006 ) Gain on disposal 2,148 11 66 Non-controlling interest (1,872 ) Selling price 2,671 532 79 less: Cash and cash equivalents (9 ) (894 ) (6 ) Disposal of consolidated subsidiaries and businesses net of cash and cash equivalent 2,662 (362 ) 73 |
Guarantees, commitments and r88
Guarantees, commitments and risks (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Guarantees Commitments And Risks | |
Disclosure of detailed information about guarantees [text block] | Guarantees December 31, 2017 December 31, 2016 (€ million) Unsecured guarantees Other guarantees Total Unsecured guarantees Other guarantees Total Consolidated subsidiaries 5,594 5,594 5,868 5,868 Unconsolidated subsidiaries 181 181 246 246 Consolidated joint operations 1 1 1 1 Joint ventures and associates 6,124 3,922 10,046 6,124 2,112 8,236 Others 352 352 202 202 6,124 10,050 16,174 6,124 8,429 14,553 |
Disclosure of detailed information about commitments and risks [text block] | Commitments and risks (€ million) December 31, 2017 December 31, 2016 Commitments 14,498 20,682 Risks 691 605 15,189 21,287 |
Disclosure of detailed information about value at risk - parametric method variance/covariance [text block] | The following table shows amounts in terms of VaR, recorded in 2017 (compared with 2016) relating to interest rate and exchange rate risks in the first section and commodity risk. Regarding the management of strategic liquidity, the sensitivity to change of interest rates is expressed by the values of “Dollar Value per Basis Point” (DVBP). (Value at risk — parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2017 2016 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 3.76 1.72 2.38 2.58 5.27 2.55 3.62 3.42 Exchange rate (a) 0.57 0.08 0.22 0.26 0.34 0.04 0.14 0.17 ________ (a) Value at risk deriving from interest and exchange rates exposures include the following finance department: Eni Corporate Treasury Department, Eni Finance International SA, Banque Eni SA and Eni Finance USA Inc. |
Disclosure of detailed information about value at risk - Historic simulation weighted method [text block] | (Value at risk — Historic simulation weighted method; holding period: 1 day; confidence level: 95%) 2017 2016 (€ million) High Low Average At year end High Low Average At year end Commercial exposures - Management Portfolio (a) 21.14 5.15 12.24 5.15 19.03 4.23 10.24 9.41 Trading (b) 2.29 0.21 0.79 0.66 2.58 0.27 0.87 1.35 ________ (a) Refers to the Gas & LNG Marketing Power business line (risk exposure from Refining & Marketing business line and Gas & Power Division), Eni Trading & Shipping commercial portfolio, operating branches outside Italy pertaining to the Divisions and from October 2016 the Gas and Luce Business line. For the gas&power business lines, following the approval of the Eni’s Board of Directors on December 12, 2013, 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, in the year the VaR pertaining to GLP and EGL presents a decreasing trend following the progressive reaching of the maturity of the positions within the annual horizon. (b) Cross-commodity proprietary trading, both for commodity contracts and financial derivatives, refers to Eni Trading & Shipping SpA (London-Bruxelles-Singapore) and Eni Trading & Shipping Inc (Houston). |
Disclosure of detailed information about maturity analysis for finance debt repayments including interest charges and derivatives [text block] | The table below summarizes the Group main contractual obligations for finance liability repayments, including expected payments for interest charges and derivatives. Maturity year (€ million) 2018 2019 2020 2021 2022 2023 and thereafter Total December 31, 2017 Non-current financial liabilities 2,000 4,084 2,857 1,279 1,246 10,810 22,276 Current financial liabilities 2,242 2,242 Fair value of derivative instruments 1,011 64 10 1 16 1,102 5,253 4,148 2,867 1,280 1,262 10,810 25,620 Interest on finance debt 582 511 411 304 250 1,455 3,513 Financial guarantees 473 473 Maturity year (€ million) 2017 2018 2019 2020 2021 2022 and thereafter Total December 31, 2016 Non-current financial liabilities 2,988 2,090 4,044 2,914 1,285 10,332 23,653 Current financial liabilities 3,396 3,396 Fair value of derivative instruments 2,108 36 76 46 3 2,269 8,492 2,126 4,120 2,914 1,331 10,335 29,318 Interest on finance debt 696 557 486 386 277 1,605 4,007 Financial guarantees 84 84 |
Disclosure of detailed information about group trade and other payables by maturity [text block] | Trade and other payables The table below summarizes the Group trade and other payables by maturity. Maturity year (€ million) 2018 2019 – 2022 2023 and thereafter Total December 31, 2017 Trade payables 10,890 10,890 Other payables and advances 5,858 19 26 5,903 16,748 19 26 16,793 Maturity year (€ million) 2017 2018 – 2021 2022 and thereafter Total December 31, 2016 Trade payables 11,038 11,038 Other payables and advances 5,665 29 22 5,716 16,703 29 22 16,754 |
Disclosure of detailed information about expected payments by period under contractual obligations [text block] | The table below summarizes the Group principal contractual obligations as of the balance sheet date, shown on an undiscounted basis. Maturity year (€ million) 2018 2019 2020 2021 2022 2023 and thereafter Total Operating lease obligations (a) 883 525 485 371 329 1,939 4,532 Decommissioning liabilities (b) 348 411 398 375 207 13,047 14,786 Environmental liabilities 317 311 282 228 178 1,357 2,673 Purchase obligations (c) 10,989 9,862 8,223 8,233 8,071 62,452 107,830 - Gas - take-or-pay contracts 8,644 8,708 7,452 7,542 7,553 60,345 100,244 - ship-or-pay contracts 1,272 760 516 468 380 1,291 4,687 - Other ship-or-pay obligations 110 99 87 73 59 161 589 - Other purchase obligations (d) 963 295 168 150 79 655 2,310 Other obligations 11 3 2 2 2 108 128 - Memorandum of intent relating Val d’Agri 11 3 2 2 2 108 128 12,548 11,112 9,390 9,209 8,787 78,903 129,949 _________ (a) Operating leases primarily regarded assets for drilling activities, time charter and long term rentals of vessels, lands, service stations and office buildings. Such leases generally did not include renewal options. There are no significant restrictions provided by these operating leases which limit the ability of the Company to pay dividend, use assets or to take on new borrowings. (b) 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. (c) Represents any agreement to purchase goods or services that is enforceable and legally binding and that specifies all significant terms. (d) Mainly refers to arrangements to purchase capacity entitlements at certain regasification facilities in the U.S. (€948 million). |
Disclosure of committed projects [text block] | The amounts shown in the table below include committed expenditures to execute certain environmental projects. Maturity year (€ million) 2018 2019 2020 2021 2022 and thereafter Total Committed projects 6,309 5,688 4,717 3,375 3,770 23,859 |
Disclosure of detailed information about other information about financial instruments [text block] | The carrying amount of financial instruments and the relevant economic and equity effect consisted of the following: 2017 2016 Finance income (expense) recognized in Finance income (expense) recognized in (€ million) Carrying amount Profit and loss account Other comprehensive income Carrying amount Profit and loss account Other comprehensive income Held-for-trading financial instruments Securities (a) 6,012 (111 ) 6,166 (21 ) Non-hedging and trading derivatives (b) 209 793 87 (465 ) Held-to-maturity financial instruments Securities (a) 73 75 Available-for-sale financial instruments Securities (a) 207 9 (4 ) 238 9 (4 ) Receivables and payables and other assets/liabilities valued at amortized cost Trade receivables and other (c) 15,583 (958 ) 17,324 (1,116 ) Financing receivables (a) 1,918 (116 ) 2,328 128 Trade payables and other (d) 16,793 (51 ) 16,754 287 Financing payables (a) 24,707 (1,137 ) 27,239 (291 ) Net assets (liabilities) for hedging derivatives (e) (42 ) (6 ) (524 ) 883 ________ (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 loss within “Other operating income (loss)” for €44 million (income for €17 million in 2016) and as income within “Finance income (expense)” for €837 million (loss for €482 million in 2016). (c) In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). (d) In the profit and loss account, exchange differences arising from accounts denominated in foreign currency and translated into euro at year-end were primarily recognized within “Finance income (expense)”. (e) In the profit and loss account, income or expense were recognized within “Net sales from operations” and “Purchase, services and other” as expense for €54 million (expense for €523 million in 2016) and as income within “Finance income (expense)” for €12 million (expense for €1 million in 2016) (time value component). |
Disclosure of off setting of financial assets and financial liabilities [text block] | The table below summarizes the disclosures about the offsetting of financial instruments. (€ million) Gross amount Gross amount Net amount of December 31, 2017 Financial assets Trade and other receivables 16,952 1,215 15,737 Other current assets 2,852 1,279 1,573 Financial liabilities Trade and other liabilities 17,963 1,215 16,748 Other current liabilities 2,794 1,279 1,515 December 31, 2016 Financial assets Trade and other receivables 18,489 896 17,593 Other current assets 3,872 1,281 2,591 Financial liabilities Trade and other liabilities 17,599 896 16,703 Other current liabilities 3,880 1,281 2,599 |
Revenues (Tables)
Revenues (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Revenue Explanatory [Abstract] | |
Disclosure of detailed information about net sales from operations [text block] | Net sales from operations (€ million) 2017 2016 2015 Revenues from sales and services 66,920 55,764 72,290 Change in contract work in progress (1 ) (2 ) (4 ) 66,919 55,762 72,286 Revenues from sales were stated net of the following items: (€ million) 2017 2016 2015 Excise taxes 11,378 11,913 11,889 Services recharged to joint venture partners 4,702 4,441 5,609 Sales to service station managers for sales billed to holders 1,675 1,553 1,643 Exchanges of oil sales (excluding excise taxes) 994 878 1,154 18,749 18,785 20,295 |
Disclosure of detailed information about Other income and revenues [Text Block] | Other income and revenues (€ million) 2017 2016 2015 Gains from sale of assets and businesses 3,288 14 459 Gains on price adjustments under overlifting/underlifting transactions 166 238 253 Lease and rental income 84 81 85 Contract penalties and other trade revenues 42 72 36 Compensation for damages 9 122 36 Other proceeds (*) 469 404 383 4,058 931 1,252 _______ (*) Each individual amount included herein was lower than €50 million. |
Costs (Tables)
Costs (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Costs | |
Disclosure of detailed information about Purchase, services and other [text block] | Purchase, services and other (€ million) 2017 2016 2015 Production costs - raw, ancillary and consumable materials and goods 35,907 27,783 39,812 Production costs - services 12,228 12,727 13,197 Operating leases and other 1,684 1,672 2,205 Net provisions for contingencies 886 505 644 Expenses for price variation on overliftling and underlifting operations 145 240 278 Other expenses 1,844 1,512 1,135 52,694 44,439 57,271 less: - capitalized direct costs associated with self-constructed assets - tangible assets (224 ) (297 ) (323 ) - capitalized direct costs associated with self-constructed assets - intangible assets (9 ) (18 ) (100 ) 52,461 44,124 56,848 |
Disclosure of detailed information about arrangements involving legal form of lease [text block] | Future minimum lease payments expected to be paid under non-cancelable operating leases are provided below: (€ million) 2017 2016 2015 To be paid: - within 1 year 883 593 495 - between 2 and 5 years 1,710 1,040 1,061 - beyond 5 years 1,939 785 809 4,532 2,418 2,365 |
Payroll and related costs [text block] | Payroll and related costs (€ million) 2017 2016 2015 Wages and salaries 2,447 2,491 2,648 Social security contributions 441 445 453 Cost related to employee benefit plans 113 81 85 Other costs 162 202 182 3,163 3,219 3,368 less: - capitalized direct costs associated with self-constructed assets - tangible assets (202 ) (215 ) (203 ) - capitalized direct costs associated with self-constructed assets - intangible assets (10 ) (10 ) (46 ) 2,951 2,994 3,119 |
Disclosure of detailed information about average number of employees [text block] | The Group average number and breakdown of employees by category is reported below: 2017 2016 2015 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 995 17 1,018 18 1,044 17 Junior managers 9,089 98 9,160 109 9,091 108 Employees 16,721 371 17,180 384 17,685 379 Workers 5,659 285 5,703 294 5,895 303 32,464 771 33,061 805 33,715 807 |
Disclosure of information about key management personnel [text block] | Compensation 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 (including contributions and ancillary costs) amounted to €43 million, €44 million and €42 million for 2017, 2016 and 2015, respectively, and consisted of the following: (€ million) 2017 2016 2015 Wages and salaries 25 26 26 Post-employment benefits 2 2 2 Other long-term benefits 9 12 12 Indemnities upon termination of employment 7 4 2 43 44 42 |
Disclosure of detailed information about other operating income loss [text block] | The analysis of net income (loss) on commodity derivatives was as follows: (€ million) 2017 2016 2015 Net income (loss) on cash flow hedging derivatives 12 (1 ) 2 Net income (loss) on other derivatives (44 ) 17 (487 ) (32 ) 16 (485 ) |
Disclosure of detailed information about depreciation and amortization [text block] | Depreciation and amortization (€ million) 2017 2016 2015 Depreciation, depletion and amortization: - tangible assets 7,199 7,308 8,646 - intangible assets 286 253 303 7,485 7,561 8,949 less: - capitalized direct costs associated with self-constructed assets - tangible assets (2 ) (2 ) (9 ) 7,483 7,559 8,940 |
Disclosure of detailed information about net impairment reversal [text block] | Net impairment (reversal) (€ million) 2017 2016 2015 Impairments: - tangible assets 848 1,067 5,993 - intangible assets 14 544 862 1,067 6,537 less: - reversal of impairments - tangible assets (1,055 ) (1,153 ) (3 ) - reversal of impairments - intangible assets (32 ) (389 ) (225 ) (475 ) 6,534 |
Disclosure of detailed information about write-off [text block] | Write-off (€ million) 2017 2016 2015 Write-off - tangible assets 239 289 678 - intangible assets 24 61 10 263 350 688 |
Finance income (expense) (Table
Finance income (expense) (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Finance Income Expense Details 1 | |
Disclosure of detailed information about finance income (expenses) [text block] | (€ million) 2017 2016 2015 Finance income (expense) Finance income 3,924 5,850 8,635 Finance expense (5,886 ) (6,232 ) (10,104 ) Net finance income (expense) from financial assets held for (111 ) (21 ) 3 (2,073 ) (403 ) (1,466 ) Income (expense) from derivative financial instruments 837 (482 ) 160 (1,236 ) (885 ) (1,306 ) |
Disclosure of detailed information about type of net finance income or expense [text block] | The breakdown by lenders or type of net finance income or expense is provided below: (€ million) 2017 2016 2015 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (638 ) (639 ) (740 ) Interest due to banks and other financial institutions (113 ) (118 ) (98 ) Net finance income (expense) from financial assets held for trading (111 ) (21 ) 3 Interest from banks 12 15 19 Interest and other income from financial receivables and securities held for non-operating purposes 16 37 2 (834 ) (726 ) (814 ) Exchange differences Positive exchange differences 3,549 5,579 8,400 Negative exchange differences (4,454 ) (4,903 ) (8,754 ) (905 ) 676 (354 ) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 128 143 120 Capitalized finance expense 73 106 166 Finance expense due to the passage of time (accretion discount) (a) (264 ) (312 ) (291 ) Other finance (expense) (271 ) (290 ) (293 ) (334 ) (353 ) (298 ) (2,073 ) (403 ) (1,466 ) ___________ (a) The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. |
Disclosure of detailed information about Finance income loss on derivative financial instruments [Text Block] | Finance income (loss) on derivative financial instruments consisted of the following: (€ million) 2017 2016 2015 Derivatives on exchange rate 809 (494 ) 96 Derivatives on interest rate 28 (12 ) 31 Options 24 33 837 (482 ) 160 |
Income (expense) from investm92
Income (expense) from investments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Income Expense From Investments Details 1 | |
Disclosure of detailed information about Share of profit loss of equity-accounted investments [text block] | Share of profit (loss) of equity-accounted investments (€ million) 2017 2016 2015 Share of profit from equity-accounted investments 124 77 150 Share of loss from equity-accounted investments (353 ) (370 ) (615 ) Decreases (increases) in the provision for losses on investments from equity accounted investments (38 ) (33 ) (6 ) (267 ) (326 ) (471 ) |
Disclosure of detailed information about Other gain loss from investments [Text Block] | Other gain (loss) from investments (€ million) 2017 2016 2015 Dividends 205 143 402 Net gain (loss) on disposals 163 (14 ) 164 Other net income (expense) (33 ) (183 ) 10 335 (54 ) 576 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Income Tax Explanatory [Abstract] | |
Disclosure of detailed information about income taxes [text block] | (€ million) 2017 2016 2015 Current taxes: - Italian subsidiaries 712 195 155 - subsidiaries of the Exploration & Production segment - outside Italy 3,167 2,671 4,015 - other subsidiaries - outside Italy 142 133 218 4,021 2,999 4,388 Net deferred taxes: - Italian subsidiaries (464 ) (243 ) 881 - subsidiaries of the Exploration & Production segment - outside Italy (162 ) (813 ) (2,156 ) - other subsidiaries - outside Italy 72 (7 ) 9 (554 ) (1,063 ) (1,266 ) 3,467 1,936 3,122 |
Disclosure of detailed information about The reconciliation between the statutory tax charge and the effective tax charge [Text Block] | The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24% (27.5% in 2016 and in 2015) and the effective tax charge is the following: (€ million) 2017 2016 2015 Profit (loss) before taxation 6,844 892 (4,277 ) Tax rate (IRES) (%) 24.0 27.5 27.5 Statutory corporation tax charge (credit) on profit or loss 1,643 245 (1,176 ) Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 1,882 1,152 2,576 - impact pursuant to the write-off of deferred tax assets and recalculation of tax rates (96 ) 397 1,514 - effect due to the tax regime provided for intercompany dividends 1 87 114 - Italian regional income tax (IRAP) 77 42 100 - effect due to non-taxable gains/losses on sales of investments (177 ) 8 (39 ) - impact pursuant to redetermination of the Italian Windfall Corporate tax as per Law 7/2009 61 - effect due to discontinued operations (288 ) - other adjustments 76 5 321 1,824 1,691 4,298 Effective tax charge 3,467 1,936 3,122 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share | |
Earnings per share [text block] | Reconciliation of the average number of shares used for the calculation for both basic and diluted earnings per share was as follows: 2017 2016 2015 Weighted average number of shares used for the calculation of the basic earnings per share 3,601,140,133 3,601,140,133 3,601,140,133 Potential share to be issued for ILT incentive plan 1,691,413 Weighted average number of shares used for the calculation of the diluted earnings per share 3,602,831,546 3,601,140,133 3,601,140,133 Eni’s net profit (€ million) 3,374 (1,464 ) (8,778 ) Basic earning (loss) per share (euro per share) 0.94 (0.41 ) (2.44 ) Diluted earning (loss) per share (euro per share) 0.94 (0.41 ) (2.44 ) Eni’s net profit - Continuing operations (€ million) 3,374 (1,051 ) (7,952 ) Basic earning (loss) per share (euro per share) 0.94 (0.29 ) (2.21 ) Diluted earning (loss) per share (euro per share) 0.94 (0.29 ) (2.21 ) Eni’s net profit - Discontinued operations (€ million) (413 ) (826 ) Basic earning (loss) per share (euro per share) (0.12 ) (0.23 ) Diluted earning (loss) per share (euro per share) (0.12 ) (0.23 ) |
Exploration for evaluation of95
Exploration for evaluation of oil&gas resources (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Exploration For Evaluation Of Oilgas Resources | |
Disclosure of detailed information about Exploration and evaluation of oil and gas resources [Text Block] | (€ million) 2017 2016 2015 Revenues related to exploration activity and evaluation 9 4 68 Exploration activity and evaluation costs - write-off of exploration and evaluation costs 252 170 617 - other exploration costs 273 204 254 Exploration expense for the year 525 374 871 Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs 995 1,092 735 Tangible assets: capitalized exploration and evaluation costs 1,860 2,818 2,637 Total tangible and intangible assets 2,855 3,910 3,372 Provision for decommissioning related to exploration activity and evaluation 81 118 131 Exploration expenditure (net cash used in investing activivties) 442 417 566 Geological and geophysical costs (cash flow from operating activities) 273 204 254 Total exploration effort 715 621 820 |
Information by industry segme96
Information by industry segment and by geographical area (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Information By Industry Segment And By Geographical Area | |
Disclosure of operating segments [text block] | The information by segmental reporting is the following: Discontinued operations (€ million) Exploration & Production Gas & Power Refining & Marketing and Chemical Engineering & Construction Corporate and other activities Adjustments of intragroup profits Total Engineering & Construction Intragroup eliminations Continuing operations 2017 Net sales from operations (a) 19,525 50,623 22,107 1,462 Less: intersegment sales (12,394 ) (10,777 ) (2,336 ) (1,291 ) Net sales to customers 7,131 39,846 19,771 171 66,919 66,919 Operating profit 7,651 75 981 (668 ) (27 ) 8,012 8,012 Net provisions for contingencies 479 (20 ) 182 245 886 886 Depreciation and amortization 6,747 345 360 60 (29 ) 7,483 7,483 Net impairments (reversals (158 ) (146 ) 54 25 (225 ) (225 ) Write-off 260 2 1 263 263 Share of profit (loss) of equity-accounted investments (99 ) (10 ) (57 ) (101 ) (267 ) (267 ) Identifiable assets (b) 66,661 11,058 11,599 1,108 (610 ) 89,816 Unallocated assets 25,112 Equity-accounted investments 1,234 509 321 1,447 3,511 Identifiable liabilities (c) 17,273 8,851 4,005 4,053 (306 ) 33,876 Unallocated liabilities 32,973 Capital expenditure 7,739 142 729 87 (16 ) 8,681 2016 Net sales from operations (a) 16,089 40,961 18,733 1,343 Less: intersegment sales (9,711 ) (8,898 ) (1,605 ) (1,150 ) Net sales to customers 6,378 32,063 17,128 193 55,762 55,762 Operating profit 2,567 (391 ) 723 (681 ) (61 ) 2,157 2,157 Net provisions for contingencies 123 50 171 438 (277 ) 505 505 Depreciation and amortization 6,772 354 389 72 (28 ) 7,559 7,559 Net impairments (reversals (700 ) 81 104 40 (475 ) (475 ) Write-off 153 2 195 350 350 Share of profit (loss) of equity-accounted investments (198 ) 19 (3 ) (144 ) (326 ) (326 ) Identifiable assets (b) 75,716 12,014 10,712 1,146 (520 ) 99,068 Unallocated assets 25,477 Equity-accounted investments 1,626 592 289 1,533 4,040 Identifiable liabilities (c) 17,433 8,923 3,968 3,939 (332 ) 33,931 Unallocated liabilities 37,528 Capital expenditure 8,254 120 664 55 87 9,180 2015 Net sales from operations (a) 21,436 52,096 22,639 11,507 1,468 Less: intersegment sales (12,115 ) (9,917 ) (2,007 ) (1,243 ) (1,314 ) Net sales to customers 9,321 42,179 20,632 10,264 154 82,550 (10,264 ) 72,286 Operating profit (959 ) (1,258 ) (1,567 ) (694 ) (497 ) (23 ) (4,998 ) 694 1,228 (3,076 ) Net provisions for contingencies 221 41 148 104 226 8 748 (104 ) 644 Depreciation and amortization 8,080 363 454 618 71 (28 ) 9,558 (618 ) 8,940 Net impairments (reversals 5,212 152 1,150 590 20 7,124 (590 ) 6,534 Write-off 686 2 688 688 Share of profit (loss) of equity-accounted investments (446 ) (2 ) (20 ) 17 (3 ) (454 ) (17 ) (471 ) Identifiable assets (b) 73,073 14,290 10,483 13,608 1,117 (543 ) 112,028 Unallocated assets 26,973 Equity-accounted investments 1,884 690 243 134 36 2,987 (134 ) 2,853 Identifiable liabilities (c) 17,742 9,313 3,657 5,861 3,824 (199 ) 40,198 Unallocated liabilities 41,394 Capital expenditure 9,980 154 628 561 64 (85 ) 11,302 ____________ (a) Before elimination of intersegment sales. (b) Includes assets directly associated with the generation of operating profit. (c) Includes liabilities directly associated with the generation of operating profit. |
Disclosure of geographical areas [text block] | Identifiable assets and investments by geographical area of origin (€ million) Italy Other European Union Rest of Europe Americas Asia Africa Other areas Total 2017 Identifiable assets (a) 18,449 7,706 6,160 4,406 16,527 35,385 1,183 89,816 Capital expenditure in tangible and intangible assets 1,090 316 387 278 898 5,699 13 8,681 2016 Identifiable assets (a) 18,769 7,370 6,960 5,397 19,471 39,812 1,289 99,068 Capital expenditure in tangible and intangible assets 1,163 331 460 233 1,978 5,004 11 9,180 2015 Identifiable assets (a) 21,360 12,370 7,937 7,442 22,359 38,927 1,633 112,028 Capital expenditure in tangible and intangible assets 1,320 708 1,151 727 2,326 5,020 50 11,302 ____________ (a) Includes assets directly associated with the generation of operating profit. |
Disclosure Of Detailed Information About Sales From Operations By Geographical Area Of Destination [Text Block] | Sales from operations by geographical area of destination (€ million) 2017 2016 2015 Italy 21,925 21,280 24,405 Other European Union 19,791 15,808 20,730 Rest of Europe 5,911 4,804 7,125 Americas 5,154 3,212 4,217 Asia 7,523 5,619 9,086 Africa 6,428 4,865 6,482 Other areas 187 174 241 66,919 55,762 72,286 |
Transactions with related par97
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Transactions With Related Parties | |
Disclosure of detailed information about trade and other transactions with related parties [text block] | Trade and other transactions with related parties (€ million) December 31, 2017 2017 Receivables and other assets Payables and other liabilities Guarantees Costs Revenues Other operating (expense) Name Goods Services Other Goods Services Other income Joint ventures and associates Petrobel Belayim Petroleum Co 86 1,205 3,168 8 Coral FLNG SA 20 4 1,094 26 2 Saipem Group 63 76 7,270 450 5 30 9 Karachaganak Petroleum Operating BV 36 121 652 295 4 Mellitah Oil & Gas BV 5 220 34 461 2 Agiba Petroleum Co 1 83 142 Unión Fenosa Gas SA 57 1 2 202 28 Other(*) 84 22 26 113 1 82 39 7 295 1,731 8,421 713 4,629 7 289 105 18 28 Unconsolidated entities controlled by Eni Eni BTC Ltd 169 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 77 1 5 7 Other (*) 20 23 7 4 10 2 4 1 97 24 181 4 10 2 11 1 392 1,755 8,602 717 4,639 7 291 116 19 28 Entities controlled by the Government Enel Group 123 187 19 603 94 70 285 Snam Group 187 351 68 1,153 83 2 Terna Group 35 31 84 122 6 98 56 15 GSE - Gestore Servizi Energetici 69 219 303 6 197 470 211 21 2 Italgas Group 14 180 1 678 3 8 10 Other (*) 50 21 2 27 9 11 4 1 1 478 989 1 476 2,589 215 764 353 22 303 Pension funds and foundations 1 2 25 1 Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP» 39 145 19 484 27 42 910 2,891 8,603 1,212 7,712 274 1,056 511 41 331 _________ (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2016 2016 Receivables Payables Guarantees Costs Revenues Other Name Goods Services Other Goods Services Other income Joint ventures and associates Agiba Petroleum Co 1 50 156 Saipem Group 64 224 8,094 775 6 9 37 5 Karachaganak Petroleum Operating BV 47 187 573 333 12 7 1 19 Mellitah Oil & Gas BV 7 134 5 472 Petrobel Belayim Petroleum Co 225 532 1,940 2 Unión Fenosa Gas SA 57 93 1 Other (*) 114 25 1 32 113 86 44 13 47 458 1,152 8,152 610 3,789 18 195 82 40 47 Unconsolidated entities controlled by Eni Eni BTC Ltd 192 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 69 1 3 2 Other (*) 9 16 51 4 4 6 2 2 78 17 246 4 4 6 4 2 536 1,169 8,398 614 3,793 18 201 86 42 47 Entities controlled by the Government Enel Group 151 254 28 780 88 95 18 182 Snam Group 44 541 1 125 1,902 5 99 14 Terna Group 33 46 60 165 7 61 56 13 GSE - Gestore Servizi Energetici 58 32 206 5 32 344 68 2 5 Italgas Group 54 1 4 Other (*) 43 24 37 62 6 383 898 1 419 2,893 44 654 239 20 200 Pension funds and foundations 2 4 28 Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP» 176 331 5 413 5 58 12 1,095 2,400 8,399 1,038 7,103 95 855 383 74 247 _________ (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2015 2015 Receivables and other assets Payables and other liabilities Guarantees Costs Revenues Other operating (expense) Name Goods Services Other Goods Services Other income Continuing operations Joint ventures and associates Agiba Petroleum Co 6 60 187 CEPAV (Consorzio Eni per l’Alta Velocità) Due 1 CEPAV (Consorzio Eni per l’Alta Velocità) Uno 6,122 Karachaganak Petroleum Operating BV 48 171 748 403 8 10 Mellitah Oil & Gas BV 8 16 46 339 19 Petrobel Belayim Petroleum Co 16 183 543 Petromar Lda 2 6 Unión Fenosa Gas SA 1 57 (4 ) Other (*) 118 42 27 124 1 60 70 37 (2 ) 199 473 6,185 821 1,596 9 60 99 37 (6 ) Unconsolidated entities controlled by Eni Eni México S. de RL de CV 101 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 65 1 9 3 Other (*) 17 19 3 2 2 4 2 2 82 20 113 2 2 4 5 2 281 493 6,298 823 1,598 9 64 104 39 (6 ) Entities controlled by the Government Enel Group 138 203 1,063 196 134 90 Snam Group 144 522 3 137 2,014 5 249 24 1 Terna Group 18 42 109 125 14 77 19 29 12 GSE - Gestore Servizi Energetici 44 63 419 5 35 307 43 Other (*) 22 38 56 6 29 1 366 868 3 665 3,263 60 858 221 30 102 Pension funds and foundations 1 2 4 50 Groupement Sonatrach – Agip «GSA» e Organe Conjoint des Opérations «OC SH/FCP» 185 300 453 12 35 60 833 1,663 6,301 1,488 5,318 131 957 385 69 96 Discontinued operations Joint ventures and associates CEPAV (Consorzio Eni per l’Alta Velocità) Due 60 99 68 101 145 CEPAV (Consorzio Eni per l’Alta Velocità) Uno 9 3 3 1 KWANDA - Suporte Logistico Lda 69 10 5 8 Mellitah Oil & Gas BV 9 7 Petrobel Belayim Petroleum Co 19 86 Petromar Lda 97 16 16 45 Other (*) 14 27 10 54 1 21 1 277 155 68 10 181 5 1 306 1 Unconsolidated entities controlled by Eni Other (*) 1 1 2 1 1 2 Entities controlled by the Government Snam Group 25 46 36 Other (*) 5 3 25 51 3 36 Pension funds and foundations 1 303 207 68 10 186 6 1 342 1 1,136 1,870 6,369 1,498 5,504 137 958 727 70 96 ___________ (*) Each individual amount included herein was lower than €50 million. |
Disclosure of detailed information about financing transactions with related parties [text block] | Financing transactions with related parties (€ million) December 31, 2017 2017 Name Receivables Payables Guarantees Charges Gains Continuing operations Joint ventures and associates Coral South FLNG D MCC 1,334 Cardón IV SA 955 86 Angola LNG Ltd 233 Matrìca SpA 9 Shatskmorneftegaz Sarl 101 6 Société Centrale Electrique du Congo SA 66 43 Saipem Group 3 56 13 Coral FLNG SA 56 71 Other (*) 48 49 2 1 5 1,226 95 1,625 1 190 Unconsolidated entities controlled by Eni Servizi Fondo Bombole Metano SpA 60 9 1 Eni BTC Ltd 28 Other (*) 1 24 61 61 1 Entities controlled by the Government Other (*) 8 3 8 3 1,287 164 1,625 4 191 __________ (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2016 2016 Name Receivables Payables Guarantees Charges Gains Income from equity instruments Continuing operations Joint ventures and associates Cardón IV SA 1,054 96 Matrìca SpA 125 93 9 Shatskmorneftegaz Sarl 69 13 4 Société Centrale Electrique du Congo SA 78 18 Unión Fenosa Gas SA 85 Saipem Group 82 43 27 Other (*) 52 2 17 4 1,378 85 84 141 156 27 Unconsolidated entities controlled by Eni Eni BTC Ltd 54 Other (*) 46 52 1 1 46 106 1 1 Entities controlled by the Government Other (*) 3 3 1,424 191 84 145 157 27 ___________ (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2015 2015 Name Receivables Payables Guarantees Charges Gains Continuing operations Joint ventures and associates Cardón IV SA 1,112 65 Matrìca SpA 209 10 11 Shatskmorneftegaz Sàrl 63 21 Société Centrale Electrique du Congo SA 94 Unión Fenosa Gas SA 90 Other (*) 52 7 12 19 5 1,530 97 12 50 81 Unconsolidated entities controlled by Eni Other (*) 51 111 1 51 111 1 Entities controlled by the Government Other (*) 27 1 27 1 1,608 208 12 50 83 Discontinued operations Joint ventures and associates CEPAV (Consorzio Eni per l’Alta Velocità) Due 150 Other(*) 5 5 150 1,613 208 162 50 83 __________ (*) Each individual amount included herein was lower than €50 million. |
Disclosure of detailed information about the impact of transactions and positions with related parties on the balance sheet [text block] | The impact of transactions and positions with related parties on the balance sheet consisted of the following: December 31, 2017 December 31, 2016 (€ million) Total Related Impact % Total Related Impact % Trade and other receivables 15,737 907 5.76 17,593 1,100 6.25 Other current assets 1,573 30 1.91 2,591 57 2.20 Other non-current financial assets 1,675 1,214 72.48 1,860 1,349 72.53 Other non-current assets 1,323 46 3.48 1,348 13 0.96 Current financial liabilities 2,242 164 7.31 3,396 191 5.62 Trade and other payables 16,748 2,808 16.77 16,703 2,289 13.70 Other current liabilities 1,515 60 3.96 2,599 88 3.39 Other non-current liabilities 1,479 23 1.56 1,768 23 1.30 |
Disclosure of detailed information about the impact of transactions with related parties on the profit and loss accounts [text block] | The impact of transactions with related parties on the profit and loss accounts consisted of the following: 2017 2016 2015 (€ million) Total Related Impact % Total Related Impact % Total Related Impact % Continuing operations Net sales from operations 66,919 1,567 2.34 55,762 1,238 2.22 72,286 1,342 1.86 Other income and revenues 4,058 41 1.01 931 74 7.95 1,252 69 5.51 Purchases, services and other (52,461 ) (9,164 ) 17.47 (44,124 ) (8,212 ) 18.61 (56,848 ) (6,882 ) 12.11 Payroll and related costs (2,951 ) (34 ) 1.15 (2,994 ) (24 ) 0.80 (3,119 ) (55 ) 1.76 Other operating (expense) income (32 ) 331 — 16 247 — (485 ) 96 — Financial income 3,924 191 4.87 5,850 157 2.69 8,635 83 0.96 Financial expense (5,886 ) (4 ) 0.07 (6,232 ) (145 ) 2.33 (10,104 ) (50 ) 0.49 Derivative financial instruments 837 (482 ) 27 — 160 Discontinued operations Total revenues 10,277 344 3.35 Total costs (12,199 ) (202 ) 1.66 |
Disclosure of detailed information about main cash flows with related parties [text block] | Main cash flows with related parties are provided below: (€ million) 2017 2016 2015 Revenues and other income 1,608 1,312 1,411 Costs and other expenses (5,360 ) (5,623 ) (5,786 ) Other operating income (loss) 331 247 96 Net change in trade and other receivables and liabilities 391 182 105 Net interests 187 133 82 Net cash provided from operating activities - Continuing operations (2,843 ) (3,749 ) (4,092 ) Net cash provided from operating activities - Discontinued operations 126 Net cash provided from operating activities (2,843 ) (3,749 ) (3,966 ) Capital expenditure in tangible and intangible assets (3,838 ) (2,613 ) (1,151 ) Disposal of investments 463 Net change in accounts payable and receivable in relation to investments 425 252 (238 ) Change in financial receivables 298 5,650 (194 ) Net cash used in investing activities (3,115 ) 3,752 (1,583 ) Change in financial liabilities (16 ) (192 ) 13 Net cash used in financing activities (16 ) (192 ) 13 Total financial flows to related parties (5,974 ) (189 ) (5,536 ) |
Disclosure of detailed information about the impact of cash flows with related parties [Text Block] | The impact of cash flows with related parties consisted of the following: 2017 2016 2015 (€ million) Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Cash provided from operating activities 10,117 (2,843 ) — 7,673 (3,749 ) — 11,649 (3,966 ) — Cash used in investing activities (3,768 ) (3,115 ) 82.67 (4,443 ) 3,752 — (10,923 ) (1,583 ) 14.49 Cash used in financing activities (4,595 ) (16 ) 0.35 (3,651 ) (192 ) 5.26 (1,351 ) 13 — |
Other information about inves98
Other information about investments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Statement Line Items [Line Items] | |
Disclosure of detailed information about parant company [text block] | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e 25.76 Ministero 4.34 Eni SpA 0.91 Other shareholders 68.99 (#) Company with shares quoted in the regulated market of Italy or of other EU countries |
Disclosure of detailed information about principal joint ventures, joint operations and associates [text block] | Principal joint ventures, joint operations and associates as of December 31, 2017 Company name Registered office Operating office Business segment % ownership % voting Joint venture Gas Distribution Company of Thessaloniki - Thessaly SA Ampelokipi- Greece Gas & Power 49.00 49.00 Lotte Versalis Elastomers Co Ltd Yeosu South Korea Chemical 50.00 50.00 PetroJunín SA Caracas Venezuela Exploration & 40.00 40.00 Saipem SpA San Donato Milanese Italia Other Activities 30.54 31.00 Unión Fenosa Gas SA Madrid (Spain) Spain Gas & Power 50.00 50.00 Joint Operation Blue Stream Pipeline Co BV Amsterdam Russia Gas & Power 50.00 50.00 Mozambique Rovuma Venture SpA (former Eni East Africa SpA) San Donato Milanese Mozambique Exploration & 35.71 35.71 Raffineria di Milazzo Milazzo Italy Refining & 50.00 50.00 Associates Angola LNG Ltd Hamilton Angola Exploration & Production 13.60 13.60 |
Disclosure of joint ventures [text block] | The 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: 2017 (€ million) Saipem SpA Unión Fenosa Gas SA PetroJunín SA Gas Distribution Company of Thessaloniki -Thessaly SA Lotte Versalis Elastomeres Co Cardón IV SA Other joint ventures Current assets 6,743 610 365 86 43 816 275 - of which cash and cash equivalent 1,751 32 15 30 42 64 Non-current assets 5,847 877 628 289 547 2,756 916 Total assets 12,590 1,487 993 375 590 3,572 1,191 Current liabilities 4,487 234 434 94 70 644 985 - current financial liabilities 189 40 38 640 Non-current liabilities 3,504 580 34 2 292 2,928 124 - non-current financial liabilities 2,929 506 288 1,912 79 Total liabilities 7,991 814 468 96 362 3,572 1,109 Net equity 4,599 673 525 279 228 82 Eni’s ownership interest (%) 31.00 50.00 40.00 49.00 50.00 50.00 Book value of the investment 1,413 350 210 137 114 28 Revenues and other operating income 9,038 1,340 135 54 756 412 Operating expense (8,172 ) (1,308 ) (66 ) (14 ) (4 ) (608 ) (433 ) Depreciation, amortization and impairments (740 ) (89 ) (29 ) (15 ) (357 ) (113 ) Operating profit 126 (57 ) 40 25 (4 ) (209 ) (134 ) Finance (expense) income (223 ) (38 ) 47 (155 ) (53 ) Income (expense) from investments (9 ) 3 (4 ) Profit before income taxes (106 ) (92 ) 87 25 (4 ) (364 ) (191 ) Income taxes (201 ) 1 (22 ) (7 ) (4 ) (11 ) Net profit (307 ) (91 ) 65 18 (4 ) (368 ) (202 ) Other comprehensive income 49 (41 ) (68 ) (6 ) 26 Total other comprehensive income (258 ) (132 ) (3 ) 18 (10 ) (394 ) (202 ) Net profit attributable to Eni (101 ) (63 ) 26 9 (2 ) (184 ) (56 ) Dividends received by the joint venture 12 29 2016 (€ million) Saipem SpA Unión Fenosa Gas SA PetroJunín SA Gas Distribution Company of Thessaloniki - Thessaly SA Lotte Versalis Elastomeres Co Cardón IV SA Other joint ventures Current assets 7,783 651 336 34 12 451 197 - of which cash and cash equivalent 1,892 25 2 8 11 31 45 Non-current assets 6,500 1,037 703 285 417 3,628 469 Total assets 14,283 1,688 1,039 319 429 4,079 666 Current liabilities 5,668 232 480 13 36 455 433 - current financial liabilities 206 61 299 Non-current liabilities 3,730 650 32 245 3,230 94 - non-current financial liabilities 3,194 547 245 2,108 36 Total liabilities 9,398 882 512 13 281 3,685 527 Net equity 4,885 806 527 306 148 394 139 Eni’s ownership interest (%) 30.76 50.00 40.00 49.00 50.00 50.00 Book value of the investment 1,497 434 211 150 74 197 72 Revenues and other operating income 10,009 905 105 152 738 275 Operating expense (9,100 ) (921 ) (60 ) (98 ) (1 ) (233 ) (279 ) Other operating profit (loss) (5 ) Depreciation, amortization and impairments (2,408 ) (131 ) (40 ) (22 ) (87 ) (169 ) Operating profit (1,499 ) (147 ) 5 32 (1 ) 418 (178 ) Finance (expense) income (154 ) 31 94 1 (206 ) (20 ) Income (expense) from investments 18 13 Profit before income taxes (1,635 ) (103 ) 99 32 212 (198 ) Income taxes (445 ) 23 (24 ) (12 ) (252 ) (20 ) Net profit (2,080 ) (80 ) 75 20 (40 ) (218 ) Other comprehensive income 48 29 18 12 (2 ) Total other comprehensive income (2,032 ) (51 ) 93 20 (28 ) (220 ) Net profit attributable to Eni (144 ) (82 ) 30 10 (20 ) (125 ) Dividends received by the joint venture 10 35 |
Disclosure of interests in associates [text block] | The 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: 2017 (€ million) Angola LNG Ltd United Gas Derivatives Co Other associates Current assets 662 192 182 - of which cash and cash equivalent 370 62 46 Non-current assets 7,048 91 1,698 Total assets 7,710 283 1,880 Current liabilities 203 37 339 - current financial liabilities 42 Non-current liabilities 1,610 1,050 - non-current financial liabilities 1,418 997 Total liabilities 1,813 37 1,389 Net equity 5,897 246 491 Eni’s ownership interest (%) 13.60 33.33 Book value of the investment 802 82 177 Revenues and other operating income 1,374 112 462 Operating expense (563 ) (44 ) (410 ) Depreciation, depletion, amortization and impairments (399 ) (13 ) (27 ) Operating profit 412 55 25 Finance (expense) income (80 ) 6 1 Income (expense) from investments (30 ) Profit before income taxes 332 61 (4 ) Income taxes (14 ) (5 ) Net profit 332 47 (9 ) Other comprehensive income (817 ) (39 ) (13 ) Total other comprehensive income (485 ) 8 (22 ) Net profit attributable to Eni 45 16 (7 ) Dividends received by the associate 12 1 2016 (€ million) Angola LNG Ltd United Gas Derivatives Co Other associates Current assets 507 253 1,338 - of which cash and cash equivalent 339 146 32 Non-current assets 8,376 140 569 Total assets 8,883 393 1,907 Current liabilities 284 41 1,232 - current financial liabilities 25 Non-current liabilities 1,863 1 270 - non-current financial liabilities 1,699 78 Total liabilities 2,147 42 1,502 Net equity 6,736 351 405 Eni’s ownership interest (%) 13.60 33.33 Book value of the investment 916 117 167 Revenues and other operating income 84 102 1,239 Operating expense (281 ) (61 ) (1,051 ) Other operating profit (loss) (2 ) Depreciation, depletion, amortization and impairments (188 ) (13 ) (625 ) Operating profit (385 ) 28 (439 ) Finance (expense) income (70 ) 11 224 Profit before income taxes (455 ) 39 (215 ) Income taxes 5 (108 ) Net profit (455 ) 44 (323 ) Other comprehensive income 200 11 (7 ) Total other comprehensive income (255 ) 55 (330 ) Net profit attributable to Eni (62 ) 14 (88 ) Dividends received by the associate 14 39 |
Exploration Production [Member] | |
Statement Line Items [Line Items] | |
Disclosure of subsidiaries [text block] | In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Angola SpA San Donato 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 Mozambique EUR 200,000 Eni SpA 100.00 100.00 F.C. Eni Timor Leste SpA San Donato East Timor EUR 6,841,517 Eni SpA 100.00 100.00 F.C. Eni West Africa SpA San Donato Angola EUR 10,000,000 Eni SpA 100.00 100.00 F.C. Eni Zubair SpA (in liquidation) San Donato Italy EUR 120,000 Eni SpA 100.00 Co. EniProgetti SpA (former Tecnomare - Società per lo Sviluppo delle Tecnologie Marine SpA) Venezia Italy EUR 2,064,000 Eni SpA 100.00 100.00 F.C. Floaters SpA San Donato Italy EUR 200,120,000 Eni SpA 100.00 100.00 F.C. Ieoc SpA San Donato Egypt EUR 18,331,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Italy EUR 24,103,200 Eni SpA 99.96 0.04 99.96 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Outside Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agip Caspian Sea BV Amsterdam 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 5.00 100.00 F.C. Agip Karachaganak BV Amsterdam Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Oil Ecuador BV Amsterdam Ecuador EUR 20,000 Eni International BV 100.00 100.00 F.C. Agip Oleoducto de Crudos Pesados BV Amsterdam Ecuador EUR 20,000 Eni International BV 100.00 Eq. Burren (Cyprus) Holdings Ltd (in liquidation) Nicosia Cyprus EUR 1,710 Burren En.(Berm)Ltd 100.00 Co. Burren Energy (Bermuda) Ltd Hamilton United USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Congo Ltd Tortola Republic of USD 50,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy India Ltd London United GBP 2 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Plc London United GBP 28,819,023 Eni UK Holding Plc 99.99 (—) 100.00 F.C. Burren Energy Ship Management Ltd ( in liquidation ) Nicosia Cyprus EUR 3,420 Burren(Cyp)Hold.Ltd 50.00 50.00 Co. Burren Shakti Ltd Hamilton United USD 65,300,000 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni AEP Ltd London Pakistan GBP 73,471,000 Eni UK Ltd 100.00 100.00 F.C. Eni Algeria Exploration BV Amsterdam Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Ltd Sàrl Luxembourg Algeria USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Algeria Production BV Amsterdam Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ambalat Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni America Ltd Dover, Delaware USA USD 72,000 Eni UHL Ltd 100.00 100.00 F.C. Eni Angola Exploration BV Amsterdam Angola EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Angola Production BV Amsterdam Angola EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Argentina Exploración y Explotación SA Buenos Aires Argentina ARS 24,136,336 Eni International BV 95.00 5.00 Eq. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (* ) Eni Arguni I Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Australia BV Amsterdam Australia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Australia Ltd London Australia GBP 20,000,000 Eni International BV 100.00 100.00 F.C. Eni BB Petroleum Inc Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni BTC Ltd London United GBP 34,000,000 Eni International BV 100.00 Eq. Eni Bukat Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Bulungan BV Amsterdam Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Canada Holding Ltd Calgary Canada USD 1,453,200,001 Eni International BV 100.00 100.00 F.C. Eni CBM Ltd London Indonesia USD 2,210,728 Eni Lasmo Plc 100.00 100.00 F.C. Eni China BV Amsterdam China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SA Pointe - Noire Republic of USD 17,000,000 Eni E&P Holding BV 99.99 (—) (—) 100.00 F.C. Eni Côte d’Ivoire Ltd London Ivory Coast GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Croatia BV Amsterdam Croatia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Cyprus Ltd Nicosia Cyprus EUR 2,005 Eni International BV 100.00 100.00 F.C. Eni Dación BV Amsterdam Netherlands EUR 90,000 Eni Oil Holdings BV 100.00 Eq. Eni Denmark BV Amsterdam Greenland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltda Rio de Janeiro Brazil BRL 1,593,415,000 Eni International BV 99.99 (—) Eq. Eni East Sepinggan Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/Franklin Ltd London United GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Russia BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Engineering E&P Ltd London United GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Exploration & Production Holding BV Amsterdam Netherlands EUR 29,832,777.12 Eni International BV 100.00 100.00 F.C. Eni Gabon SA Libreville Gabon XAF 13,132,000,000 Eni International BV 100.00 100.00 F.C. Eni Ganal Ltd London Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Gas & Power LNG Australia BV Amsterdam Australia EUR 10,000,000 Eni International BV 100.00 100.00 F.C. Eni Ghana Exploration and Production Ltd Accra Ghana GHS 21,412,500 Eni International BV 100.00 100.00 F.C. Eni Hewett Ltd Aberdeen United Kingdom GBP 3,036,000 Eni UK Ltd 100.00 100.00 F.C. Eni Hydrocarbons Venezuela Ltd London Venezuela GBP 8,050,500 Eni Lasmo Plc 100.00 100.00 F.C. Eni India Ltd London India GBP 44,000,000 Eni UK Ltd 100.00 100.00 F.C. Eni Indonesia Ltd London Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd Grand Cayman Indonesia USD 1.01 Eni Indonesia Ltd 100.00 100.00 F.C. Eni International NA NV Sàrl Luxembourg United Kingdom USD 25,000 Eni International BV 100.00 100.00 F.C. Eni Investments Plc London United Kingdom GBP 750,050,000 Eni SpA Eni UK Ltd 99.99 (—) 100.00 F.C. Eni Iran BV Amsterdam Iran EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Iraq BV Amsterdam Iraq EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ireland BV Amsterdam Ireland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Isatay BV Amsterdam Kazakhstan EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 03-13 Ltd London Australia GBP 250,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 06-105 Pty Ltd Perth Australia AUD 80,830,576 Eni International BV 100.00 100.00 F.C. Eni JPDA 11-106 BV Amsterdam Australia EUR 50,000 Eni International BV 100.00 100.00 F.C. Eni Kenya BV Amsterdam Kenya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Krueng Mane Ltd London Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Lasmo Plc London United Kingdom GBP 337,638,724.25 Eni Investments Plc 99.99 (—) 100.00 F.C. Eni Lebanon BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Liberia BV Amsterdam Liberia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool Bay Operating Co Ltd London United Kingdom GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni LNS Ltd London United Kingdom GBP 80,400,000 Eni UK Ltd 100.00 100.00 F.C. Eni Marketing Inc Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Maroc BV Amsterdam Morocco EUR 20,000 Eni International BV 100.00 100.00 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni México S. de RL de CV Lomas De Mexico MXN 3,000 Eni International BV 99.90 0.10 100.00 F.C. Eni Middle East BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Middle East Ltd London United GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni MOG Ltd (in liquidation) London United GBP 220,711,147.50 Eni Lasmo Plc 99.99 (—) 100.00 F.C. Eni Montenegro BV Amsterdam Montenegro EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Mozambique Engineering Ltd London United GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Mozambique LNG Holding BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Muara Bakau BV Amsterdam Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Myanmar BV Amsterdam Myanmar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Norge AS Forus Norway NOK 278,000,000 Eni International BV 100.00 100.00 F.C. Eni North Africa BV Amsterdam Libya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni North Ganal Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Oil & Gas Inc Dover, USA USD 100,800 Eni America Ltd 100.00 100.00 F.C. Eni Oil Algeria Ltd London Algeria GBP 1,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Oil Holdings BV Amsterdam Netherlands EUR 450,000 Eni ULX Ltd 100.00 100.00 F.C. Eni Oman BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Pakistan Ltd London Pakistan GBP 90,087 Eni ULX Ltd 100.00 100.00 F.C. Eni Pakistan (M) Ltd Sàrl Luxembourg Pakistan USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Petroleum Co Inc Dover, USA USD 156,600,000 Eni SpA 63.86 36.14 100.00 F.C. Eni Petroleum US Llc Dover, USA USD 1,000 Eni BB Petroleum Inc 100.00 100.00 F.C. Eni Portugal BV Amsterdam Portugal EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Rapak Ltd London Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni RD Congo SA Kinshasa Democratic CDF 750,000,000 Eni International BV 99.99 Eq. Eni Rovuma Basin BV Amsterdam Netherlands EUR 20,000 Eni Mozambique 100.00 Eq. Eni South Africa BV Amsterdam Republic of EUR 20,000 Eni International BV 100.00 100.00 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni South China Sea Ltd Sàrl Luxembourg China USD 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen United GBP 1,000 Eni UK Ltd 100.00 100.00 F.C. Eni Trinidad and Tobago Ltd Port of Spain Trinidad and TTD 1,181,880 Eni International BV 100.00 100.00 F.C. Eni Tunisia BV Amsterdam Tunisia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Turkmenistan Ltd Hamilton Turkmenistan USD 20,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. Eni UHL Ltd London United GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UKCS Ltd London United GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni UK Holding Plc London United GBP 424,050,000 Eni Lasmo Plc 99.99 (—) 100.00 F.C. Eni UK Ltd London United GBP 250,000,000 Eni International BV 100.00 100.00 F.C. Eni Ukraine Holdings BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ukraine Llc Kiev Ukraine UAH 42,004,757.64 Eni Ukraine Hold.BV 99.99 0.01 100.00 F.C. Eni Ukraine Shallow Waters BV Amsterdam Ukraine EUR 20,000 Eni Ukraine Hold.BV 100.00 Eq. Eni ULT Ltd London United GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London United GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni USA Gas Marketing Llc Dover, Delaware USA USD 10,000 Eni Marketing Inc 100.00 100.00 F.C. Eni USA Inc Dover, Delaware USA USD 1,000 Eni Oil & Gas Inc 100.00 100.00 F.C. Eni US Operating Co Inc Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Venezuela BV Amsterdam Venezuela EUR 20,000 Eni Venezuela 100.00 100.00 F.C. Eni Venezuela E&P Holding SA Bruxelles Belgium USD 963,800,000 Eni International BV 99.99 (—) 100.00 F.C. Eni Ventures Plc ( in liquidation ) London United GBP 278,050,000 Eni International BV 99.99 (—) Co. Eni Vietnam BV Amsterdam Vietnam EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni West Timor Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Yemen Ltd London United GBP 1,000 Burren Energy Plc 100.00 Eq. EniProgetti Egypt Ltd (former Tecnomare Egypt Ltd) Cairo Egypt EGP 50,000 EniProgetti SpA 99.00 1.00 Eq. Eurl Eni Algérie Algiers Algeria DZD 1,000,000 Eni Algeria Ltd Sàrl 100.00 Eq. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) First Calgary Petroleums LP Wilmington Algeria USD 1 Eni Canada Hold. Ltd 99.99 0.01 100.00 F.C. First Calgary Petroleums Partner Co ULC Calgary Canada CAD 10 Eni Canada Hold. Ltd 100.00 100.00 F.C. Ieoc Exploration BV Amsterdam Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Ieoc Production BV Amsterdam Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Lasmo Sanga Sanga Ltd Hamilton Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Liverpool Bay Ltd London United USD 1 Eni ULX Ltd 100.00 100.00 F.C. Nigerian Agip CPFA Ltd Lagos Nigeria NGN 1,262,500 NAOC Ltd 98.02 0.99 0.99 Co. Nigerian Agip Exploration Ltd Abuja Nigeria NGN 5,000,000 Eni International BV 99.99 0.01 100.00 F.C. Nigerian Agip Oil Co Ltd Abuja Nigeria NGN 1,800,000 Eni International BV 99.89 0.11 100.00 F.C. OOO ‘Eni Energhia’ Moscow Russia RUB 2,000,000 Eni Energy Russia BV 99.90 0.10 100.00 F.C. Zetah Congo Ltd Nassau Republic of USD 300 Eni Congo SA 66.67 33.33 Co. Zetah Kouilou Ltd Nassau Republic of USD 2,000 Eni Congo SA 54.50 37.00 8.50 Co. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |
Disclosure of interests in joint arrangements [text block] | Exploration & Production In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mozambique Rovuma Venture SpA (†) (former Eni East Africa SpA) San Donato Mozambique EUR 20,000,000 Eni SpA 35.71 64.29 35.71 J.O. Società Oleodotti Meridionali - SOM SpA (†) San Donato Italy EUR 3,085,000 Eni SpA 70.00 30.00 70.00 J.O. Outside Italy Agiba Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 50.00 Co. Angola LNG Ltd Hamilton Angola USD 10,907,000,000 Eni Angola Prod.BV 13.60 86.40 Eq. Ashrafi Island Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 75.00 Co. Barentsmorneftegaz Sàrl (†) Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 66.67 Eq. Cabo Delgado Gas Development Limitada (†) Maputo Mozambique MZN 2,500,000 Eni Mozam.LNG H. BV 50.00 50.00 Co. Cardón IV SA (†) Caracas Venezuela VEF 17,210,000 Eni Venezuela BV 50.00 50.00 Eq. Compañia Agua Plana SA Caracas Venezuela VEF 100 Eni Venezuela BV 26.00 74.00 Co. Coral FLNG SA Maputo Mozambique MZN 100,000,000 Eni Mozam.LNG H. BV 25.00 75.00 Eq. Coral South FLNG DMCC Dubai United Arab AED 500,000 Eni Mozam.LNG H. BV 50.00 50.00 Eq. East Delta Gas Co (in liquidation) Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 62.50 Co. East Kanayis Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 50.00 Co. East Obaiyed Petroleum Company (†) Cairo Egypt EGP 20,000 Ieoc SpA Third parties 50.00 50.00 Co. El-Fayrouz Petroleum Co (†) (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 50.00 50.00 Co. El Temsah Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 75.00 Co. Enstar Petroleum Ltd Calgary Canada CAD 0.10 Unimar Llc 100.00 Fedynskmorneftegaz Sàrl (†) Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 66.67 Eq. InAgip doo (†) Zagreb Croatia HRK 54,000 Eni Croatia BV 50.00 50.00 Co. Karachaganak Petroleum Operating BV Amsterdam Kazakhstan EUR 20,000 Agip Karachag.BV 29.25 70.75 Co. Karachaganak Project Development Ltd (KPD) Reading, United GBP 100 Agip Karachag.BV 38.00 62.00 Eq. Khaleej Petroleum Co Wll Safat Kuwait KWD 250,000 Eni Middle E. Ltd 49.00 51.00 Eq. Liberty National Development Co Llc Wilmington USA USD 0 (a) Eni Oil & Gas Inc 32.50 67.50 Eq. Llc ‘Westgasinvest’ (†) Lviv Ukraine UAH 2,000,000 Eni Ukraine Hold.BV 50.01 49.99 Eq. _____________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (†) Jointly controlled entity. (a) Shares without nominal value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mediterranean Gas Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 25.00 75.00 Co. Mellitah Oil & Gas BV (†) Amsterdam (Netherlands) Libya EUR 20,000 Eni North Africa BV Third parties 50.00 50.00 Co. Nile Delta Oil Co Nidoco Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 37.50 62.50 Co. North Bardawil Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 30.00 70.00 Co. North El Burg Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc SpA Third parties 25.00 75.00 Co. Petrobel Belayim Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 50.00 50.00 Co. PetroBicentenario SA (†) Caracas (Venezuela) Venezuela VEF 379,000,000 Eni Lasmo Plc Third parties 40.00 60.00 Eq. PetroJunín SA (†) Caracas (Venezuela) Venezuela VEF 2,402,100,000 Eni Lasmo Plc Third parties 40.00 60.00 Eq. PetroSucre SA Caracas (Venezuela) Venezuela VEF 220,300,000 Eni Venezuela BV Third parties 26.00 74.00 Eq. Pharaonic Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 25.00 75.00 Co. Port Said Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 50.00 50.00 Co. Raml Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 22.50 77.50 Co. Ras Qattara Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 37.50 62.50 Co. Rovuma Basin LNG Land Limitada (†) Maputo (Mozambique) Mozambique MZN 140,000 Mozamb. Rov. V. SpA Third parties 33.33 66.67 Co. Shatskmorneftegaz Sàrl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV Third parties 33.33 66.67 Eq. Shorouk Petroleum Company Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 30.00 70.00 Co. Société Centrale Electrique du Congo SA Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 44,732,000,000 Eni Congo SA Third parties 20.00 80.00 Eq. Société Italo Tunisienne d’Exploitation Pétrolière SA (†) Tunisi (Tunisia) Tunisia TND 5,000,000 Eni Tunisia BV Third parties 50.00 50.00 Eq. Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA (†) Tunisi (Tunisia) Tunisia TND 100,000 Eni Tunisia BV Third parties 50.00 50.00 Co. Tapco Petrol Boru Hatti Sanayi ve Ticaret AS (†) Istanbul (Turkey) Turkey TRY 9,850,000 Eni International BV Third parties 50.00 50.00 Eq. Tecninco Engineering Contractors Llp(†) Aksai (Kazakhstan) Kazakhstan KZT 29,478,455 EniProgetti SpA Third parties 49.00 51.00 Eq. Thekah Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 25.00 75.00 Co. Unimar Llc (†) Houston (USA) USA USD 0 (a) Eni America Ltd Third parties 50.00 50.00 Co. United Gas Derivatives Co Cairo (Egypt) Egypt USD 195,000,000 Eni International BV Third parties 33.33 66.67 Eq. VIC CBM Ltd (†) London (United Kingdom) Indonesia USD 1,315,912 Eni Lasmo Plc Third parties 50.00 50.00 Eq. Virginia Indonesia Co CBM Ltd (†) London (United Kingdom) Indonesia USD 631,640 Eni Lasmo Plc Third parties 50.00 50.00 Eq. Virginia Indonesia Co Llc Wilmington (USA) Indonesia USD 10 Unimar Llc 100.00 Virginia International Co Llc Wilmington (USA) Indonesia USD 10 Unimar Llc 100.00 West Ashrafi Petroleum Co (†) (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV Third parties 50.00 50.00 Co. ______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (†) Jointly controlled entity. (a) Shares without nominal value. |
Disclosure of detailed information about Other significant investments [Text Block] | Exploration & Production In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Consorzio Universitario in Ingegneria per la Qualità e l’Innovazione Pisa Italy EUR 135,000 Eni SpA Third parties 20.00 80.00 Co. Outside Italy Administradora del Golfo de Paria Este SA Caracas (Venezuela) Venezuela VEF 100 Eni Venezuela BV Third parties 19.50 80.50 Co. Brass LNG Ltd Lagos (Nigeria) Nigeria USD 1,000,000 Eni Int. NA NV Sàrl Third parties 20.48 79.52 Co. Darwin LNG Pty Ltd West Perth (Australia) Australia AUD 692,507,924.87 Eni G&P LNG Aus. BV Third parties 10.99 89.01 Co. New Liberty Residential Co Llc West Trenton (USA) USA USD 0 (a) Eni Oil & Gas Inc Third parties 17.50 82.50 Co. Nigeria LNG Ltd Port Harcourt (Nigeria) Nigeria USD 1,138,207,000 Eni Int. NA NV Sàrl Third parties 10.40 89.60 Co. Norsea Pipeline Ltd Woking Surrey (United Kingdom) United Kingdom GBP 7,614,062 Eni SpA Third parties 10.32 89.68 Co. North Caspian Operating Co NV Amsterdam (Netherlands) Kazakhstan EUR 128,520 Agip Caspian Sea BV Third parties 16.81 83.19 Co. OPCO - Sociedade Operacional Angola LNG SA Luanda (Angola) Angola AOA 7,400,000 Eni Angola Prod.BV Third parties 13.60 86.40 Co. Petrolera Güiria SA Caracas (Venezuela) Venezuela VEF 1,000,000 Eni Venezuela BV Third parties 19.50 80.50 Co. Point Fortin LNG Exports Ltd Port of Spain (Trinidad and Tobago) Trinidad and Tobago USD 10,000 Eni T&T Ltd Third parties 17.31 82.69 Co. SOMG - Sociedade de Operações e Manutenção de Gasodutos SA Luanda (Angola) Angola AOA 7,400,000 Eni Angola Prod.BV Third parties 13.60 86.40 Co. Torsina Oil Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV Third parties 12.50 87.50 Co. _______ (*) 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. Gas & Power Outside Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Angola LNG Supply Services Llc Wilmington (USA) USA USD 19,278,782 Eni USA Gas M. Llc Third parties 13.60 86.40 Co. Norsea Gas GmbH Emden (Germany) Germany EUR 1,533,875.64 Eni International BV Third parties 13.04 86.96 Co. ______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |
Gas Power [Member] | |
Statement Line Items [Line Items] | |
Disclosure of subsidiaries [text block] | In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni gas e luce SpA San Donato Italy EUR 750,000,000 Eni SpA 100.00 100.00 F.C. Eni Gas Transport Services Srl San Donato Italy EUR 120,000 Eni SpA 100.00 Co. Eni Trading & Shipping SpA Rome Italy EUR 60,036,650 Eni SpA 100.00 100.00 F.C. EniPower Mantova SpA San Donato Italy EUR 144,000,000 EniPower SpA 86.50 13.50 86.50 F.C. EniPower SpA San Donato Italy EUR 944,947,849 Eni SpA 100.00 100.00 F.C. LNG Shipping SpA San Donato Italy EUR 240,900,000 Eni SpA 100.00 100.00 F.C. Trans Tunisian Pipeline Co SpA San Donato Tunisia EUR 1,098,000 Eni SpA 100.00 100.00 F.C. Outside Italy Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana Ljubljana Slovenia EUR 12,956,935 Eni gas e luce SpA 51.00 49.00 51.00 F.C. Eni G&P Trading BV Amsterdam Turkey EUR 70,000 Eni International BV 100.00 100.00 F.C. Eni Gas & Power France SA Levallois Perret France EUR 29,937,600 Eni gas e luce SpA 99.87 0.13 99.87 F.C. Eni Trading & Shipping Inc Dover, Delaware USA USD 36,000,000 ETS SpA 100.00 100.00 F.C. Société de Service du Gazoduc Transtunisien SA - Sergaz SA Tunisi Tunisia TND 99,000 Eni International BV 66.67 33.33 66.67 F.C. Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA Tunisi Tunisia TND 200,000 Eni International BV 99.85 0.05 0.05 0.05 100.00 F.C. Tigáz-Dso Földgázelosztó kft Hajdúszoboszló Hungary HUF 31,033,000,000 Tigáz Zrt 100.00 98.99 F.C. Tigáz Tiszántúli Gázszolgáltató Zártkörûen Mûködõ Részvénytársaság Hajdúszoboszló Hungary HUF 8,486,070,500 Eni SpA 98.99 1.01 98.99 F.C. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |
Disclosure of interests in joint arrangements [text block] | In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mariconsult SpA (†) Milan Italy EUR 120,000 Eni SpA Third parties 50.00 50.00 Eq. Società EniPower Ferrara Srl (†) San Donato Milanese (MI) Italy EUR 140,000,000 EniPower SpA Third parties 51.00 49.00 51.00 J.O. Transmed SpA (†) Milan Italy EUR 240,000 Eni SpA Third parties 50.00 50.00 Eq. Outside Italy Blue Stream Pipeline Co BV (†) Amsterdam (Netherlands) Russia USD 22,000 Eni International BV Third parties 50.00 50.00 50.00 J.O. Gas Distribution Company of Thessaloniki - Thessaly SA (†) Ampelokipi- Menemeni (Greece) Greece EUR 247,127,605 Eni gas e luce SpA Third parties 49.00 51.00 Eq. Gas Supply Company of Thessaloniki - Thessalia SA (†) Thessaloniki (Greece) Greece EUR 13,761,788 Eni gas e luce SpA Third parties 49.00 51.00 Eq. GreenStream BV (†) Amsterdam (Netherlands) Libya EUR 200,000,000 Eni North Africa BV Third parties 50.00 50.00 50.00 J.O. Premium Multiservices SA Tunisi (Tunisia) Tunisia TND 200,000 Sergaz SA Third parties 49.99 50.01 Eq. SAMCO Sagl Lugano (Switzerland) Switzerland CHF 20,000 Eni International BV Transmed.Pip.Co Ltd Third parties 5.00 90.00 5.00 Eq. Transmediterranean Pipeline Co Ltd (†) St. Helier (Jersey) Jersey USD 10,310,000 Eni SpA Third parties 50.00 50.00 50.00 J.O. Turul Gázvezeték Építõ es Vagyonkezelõ Részvénytársaság (†) Tatabànya (Hungary) Hungary HUF 404,000,000 Tigáz Zrt Third parties 58.42 41.58 Eq. Unión Fenosa Gas SA (†) Madrid (Spain) Spain EUR 32,772,000 Eni SpA Third parties 50.00 50.00 Eq. ________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (†) Jointly controlled entity. |
Refining Marketing and Chemical [Member] | |
Statement Line Items [Line Items] | |
Disclosure of subsidiaries [text block] | Refining & Marketing In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Consorzio AgipGas Sabina (in liquidation) Cittaducale (RI) Italy EUR 5,160 Eni Fuel SpA 100.00 Co. Ecofuel SpA San Donato Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. Eni Fuel SpA Rome Italy EUR 58,944,310 Eni 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. Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. Outside Italy Eni Austria GmbH Wien Austria EUR 78,500,000 Eni International BV 75.00 25.00 100.00 F.C. Eni Benelux BV Rotterdam Netherlands EUR 1,934,040 Eni International BV 100.00 100.00 F.C. Eni Deutschland GmbH Munich Germany EUR 90,000,000 Eni International BV 89.00 11.00 100.00 F.C. Eni Ecuador SA Quito Ecuador USD 103,142.08 Eni International BV 99.93 0.07 100.00 F.C. Eni France Sàrl Lyon France EUR 56,800,000 Eni International BV 100.00 100.00 F.C. Eni Iberia SLU Alcobendas Spain EUR 17,299,100 Eni International BV 100.00 100.00 F.C. Eni Lubricants Trading (Shanghai) Co Ltd Shanghai China EUR 5,000,000 Eni International BV 100.00 100.00 F.C. Eni Marketing Austria GmbH Wien Austria EUR 19,621,665.23 Eni Mineralölh.GmbH 99.99 (—) 100.00 F.C. Eni Mineralölhandel GmbH Wien Austria EUR 34,156,232.06 Eni Austria GmbH 100.00 100.00 F.C. Eni Schmiertechnik GmbH Wurzburg Germany EUR 2,000,000 Eni Deutsch.GmbH 100.00 100.00 F.C. Eni Suisse SA Lausanne Switzerland CHF 102,500,000 Eni International BV 100.00 100.00 F.C. Eni USA R&M Co Inc Wilmington USA USD 11,000,000 Eni International BV 100.00 100.00 F.C. Esacontrol SA Quito Ecuador USD 60,000 Eni Ecuador SA 87.00 13.00 Eq. Esain SA Quito Ecuador USD 30,000 Eni Ecuador SA 99.99 (—) 100.00 F.C. Oléoduc du Rhône SA Valais Switzerland CHF 7,000,000 Eni International BV 100.00 Eq. OOO “Eni-Nefto” Moscow Russia RUB 1,010,000 Eni International BV 99.01 0.99 Eq. Tecnoesa SA Quito Ecuador USD 36,000 Eni Ecuador SA 99.99 (—) Eq. ___________ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Chemical Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Versalis SpA San Donato Italy EUR 1,364,790,000 Eni SpA 100.00 100.00 F.C. In Italy Consorzio Industriale Gas Naturale (in liquidation) San Donato Italy EUR 124,000 Versalis SpA 53.55 18.74 15.37 0.76 11.58 Eq. Outside Italy Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest Hungary HUF 8,092,160,000 Versalis SpA 96.34 1.83 1.83 100.00 F.C. Eni Chemicals Trading (Shanghai) Co Ltd (in liquidation) Shanghai China USD 5,000,000 Versalis SpA 100.00 Eq. Versalis Americas Inc Dover, Delaware USA USD 100,000 Versalis International 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire Republic of CDF 1,000,000 Versalis International 100.00 Eq. Versalis Deutschland GmbH Eschborn Germany EUR 100,000 Versalis SpA 100.00 100.00 F.C. Versalis France SAS Mardyck France EUR 126,115,582.90 Versalis SpA 100.00 100.00 F.C. Versalis International SA Bruxelles Belgium EUR 15,449,173.88 Versalis SpA 59.00 23.71 14.43 2.86 100.00 F.C. Versalis Kimya Ticaret Limited Sirketi Istanbul Turkey TRY 20,000 Versalis Int.SA 100.00 Eq. Versalis Pacific (India) Private Ltd Mumbai India INR 238,700 Versalis Pacific 99.99 Eq. Versalis Pacific Trading (Shanghai) Co Ltd Shanghai China CNY 1,000,000 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapore Singapore SGD 80,000 Versalis SpA 100.00 Eq. Versalis UK Ltd London United GBP 4,004,042 Versalis 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 |
Disclosure of interests in joint arrangements [text block] | Refining & Marketing In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Arezzo Gas SpA (†) Arezzo Italy EUR 394,000 Eni Fuel SpA 50.00 Eq. CePIM Centro Padano Interscambio Merci SpA Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA 34.93 Eq. Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Eni Fuel SpA 25.00 Co. Costiero Gas Livorno SpA (†) Livorno Italy EUR 26,000,000 Eni Fuel SpA 65.00 65.00 J.O. Disma SpA Segrate (MI) Italy EUR 2,600,000 Eni Fuel SpA 25.00 Eq. PETRA SpA (†) Ravenna Italy EUR 723,100 Ecofuel SpA 50.00 Eq. Petroven Srl (†) Genova Italy EUR 156,000 Ecofuel SpA 68.00 68.00 J.O. Porto Petroli di Genova SpA Genova Italy EUR 2,068,000 Ecofuel SpA 40.50 Eq. Raffineria di Milazzo ScpA (†) Milazzo (ME) Italy EUR 171,143,000 Eni SpA 50.00 50.00 J.O. SeaPad SpA (†) Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA 25.00 Co. Sigea Sistema Integrato Genova Arquata SpA Genova Italy EUR 3,326,900 Ecofuel SpA 35.00 Eq. Termica Milazzo Srl (†) Milazzo (ME) Italy EUR 100,000 Raff. Milazzo ScpA 100.00 50.00 J.O. ______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (†) Jointly controlled entity. Refining & Marketing Outside Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) AET - Raffineriebeteiligungs gesellschaft mbH (†) Schwedt (Germany) Germany EUR 27,000 Eni Deutsch.GmbH Third parties 33.33 66.67 Eq. Bayernoil Raffineriegesellschaft mbH (†) Vohburg (Germany) Germany EUR 10,226,000 Eni Deutsch.GmbH Third parties 20.00 80.00 20.00 J.O. City Carburoil SA (†) Rivera (Switzerland) Switzerland CHF 6,000,000 Eni Suisse SA Third parties 49.91 50.09 Eq. Egyptian International Gas Technology Co Cairo (Egypt) Egypt EGP 100,000,000 Eni International BV Third parties 40.00 60.00 Co. ENEOS Italsing Pte Ltd Singapore (Singapore) Singapore SGD 12,000,000 Eni International BV Third parties 22.50 77.50 Eq. FSH Flughafen Schwechat Hydranten-Gesellschaft OG Wien (Austria) Austria EUR 7,798,020.99 Eni Market.A.GmbH Eni Mineralölh.GmbH Eni Austria GmbH Third parties 14.56 14.56 14.56 56.32 Co. Fuelling Aviation Services GIE Tremblay en France (France) France EUR 1 Eni France Sàrl Third parties 25.00 75.00 Co. Mediterranée Bitumes SA Tunisi (Tunisia) Tunisia TND 1,000,000 Eni International BV Third parties 34.00 66.00 Eq. Routex BV Amsterdam (Netherlands) Netherlands EUR 67,500 Eni International BV Third parties 20.00 80.00 Eq. Saraco SA Meyrin (Switzerland) Switzerland CHF 420,000 Eni Suisse SA Third parties 20.00 80.00 Co. Supermetanol CA (†) Jose Puerto La Cruz (Venezuela) Venezuela VEF 12,086,744.84 Ecofuel SpA Supermetanol CA Third parties 34.51(a) 30.07 35.42 50.00 J.O. TBG Tanklager Betriebsgesellschaft GmbH (†) Salzburg (Austria) Austria EUR 43,603.70 Eni Market.A.GmbH Third parties 50.00 50.00 Eq. Weat Electronic Datenservice GmbH Düsseldorf (Germany) Germany EUR 409,034 Eni Deutsch.GmbH Third parties 20.00 80.00 Eq. _______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (†) Jointly controlled entity. (a) Controlling interest: Ecofuel SpA Third parties 50.00 50.00 Chemical In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Brindisi Servizi Generali Scarl Brindisi Italy EUR 1,549,060 Versalis SpA Syndial SpA EniPower SpA Third parties 49.00 20.20 8.90 21.90 Eq. IFM Ferrara ScpA Ferrara Italy EUR 5,270,466 Versalis SpA Syndial SpA S.E.F. Srl Third parties 19.74 11.58 10.70 57.98 Eq. Matrìca SpA (†) Porto Torres (SS) Italy EUR 37,500,000 Versalis SpA Third parties 50.00 50.00 Eq. Newco Tech SpA (†) Novara Italy EUR 179,000 Versalis SpA Genomatica Inc 80.00 20.00 Eq. Novamont SpA Novara Italy EUR 13,333,500 Versalis SpA Third parties 25.00 75.00 Eq. Priolo Servizi ScpA Melilli (SR) Italy EUR 28,100,000 Versalis SpA Syndial SpA Third parties 33.11 4.61 62.28 Eq. Ravenna Servizi Industriali ScpA Ravenna Italy EUR 5,597,400 Versalis SpA EniPower SpA Ecofuel SpA Third parties 42.13 30.37 1.85 25.65 Eq. Servizi Porto Marghera Scarl Porto Marghera (VE) Italy EUR 8,695,718 Versalis SpA Syndial SpA Third parties 48.44 38.39 13.17 Eq. Outside Italy Lotte Versalis Elastomers Co Ltd (†) Yeosu (South Korea) South Korea KRW 301,800,000,000 Versalis SpA Third parties 50.00 50.00 Eq. Versalis Zeal Ltd(†) Takoradi (Ghana) Ghana GHS 5,650,000 Versalis Intern. SA Third parties 80.00 20.00 Eq. _______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (†) Jointly controlled entity. |
Disclosure of detailed information about Other significant investments [Text Block] | Refining & Marketing In Italy Company name Registered Country of Currency Share Shareholders % Consolidation or valutation method (*) Consorzio Nazionale per la Gestione Raccolta e Trattamento degli Oli Minerali Usati (former Consorzio Obbligatorio degli Oli Usati) Rome Italy EUR 36,149 Eni SpA Third parties 12.43 87.57 Co. Società Italiana Oleodotti di Gaeta SpA(1) Rome Italy ITL 360,000,000 Eni SpA Third parties 72.48 27.52 Co. Outside Italy BFS Berlin Fuelling Services GbR Hamburg (Germany) Germany EUR 91,139 Eni Deutsch.GmbH Third parties 12.50 87.50 Co. Compania de Economia Mixta ‘Austrogas’ Cuenca (Ecuador) Ecuador USD 3,028,749 Eni Ecuador SA Third parties 13.31 86.69 Co. Dépôt Pétrolier de Fos SA Fos-Sur-Mer (France) France EUR 3,954,196.40 Eni France Sàrl Third parties 16.81 83.19 Co. Dépôt Pétrolier de la Côte d’Azur SAS Nanterre (France) France EUR 207,500 Eni France Sàrl Third parties 18.00 82.00 Co. Joint Inspection Group Ltd London (United Kingdom) United Kingdom GBP 0(a) Eni SpA Third parties 12.50 87.50 Co. S.I.P.G. Société Immobilier Pétrolier de Gestion Snc Tremblay-En- France (France) France EUR 40,000 Eni France Sàrl Third parties 12.50 87.50 Co. Sistema Integrado de Gestion de Aceites Usados Madrid (Spain) Spain EUR 175,713 Eni Iberia SLU Third parties 15.44 84.56 Co. Tanklager - Gesellschaft Tegel (TGT) GbR Hamburg (Germany) Germany EUR 8,898 Eni Deutsch.GmbH Third parties 12.50 87.50 Co. TAR - Tankanlage Ruemlang AG Ruemlang (Switzerland) Switzerland CHF 3,259,500 Eni Suisse SA Third parties 16.27 83.73 Co. Tema Lube Oil Co Ltd Accra (Ghana) Ghana GHS 258,309 Eni International BV Third parties 12.00 88.00 Co. _______ (*) 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. (1) Company under extraordinary administration procedure pursuant to law no. 95 of april 3, 1979. The liquidation was concluded on april 28, 2015. The cancellation has been filed and is pending the authorization by the Ministry of Economic Development. |
Corporate and other activities [Member] | |
Statement Line Items [Line Items] | |
Disclosure of subsidiaries [text block] | Corporate and financial companies Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) In Italy Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. Eni Adfin SpA Rome Italy EUR 85,537,498.80 Eni SpA 99.67 0.33 99.67 F.C. Eni Corporate University SpA San Donato Italy EUR 3,360,000 Eni SpA 100.00 100.00 F.C. EniServizi SpA San Donato Italy EUR 13,427,419.08 Eni SpA 100.00 100.00 F.C. Serfactoring SpA San Donato Italy EUR 5,160,000 Eni SpA 49.00 51.00 49.00 F.C. Servizi Aerei SpA San Donato Italy EUR 79,817,238 Eni SpA 100.00 100.00 F.C. Outside Italy Banque Eni SA Bruxelles Belgium EUR 50,000,000 Eni International BV 99.90 0.10 100.00 F.C. Eni Finance International SA Bruxelles Belgium USD 2,474,225,632 Eni International BV 66.39 33.61 100.00 F.C. Eni Finance USA Inc Dover, Delaware USA USD 15,000,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Insurance Designated Activity Company Dublin Ireland EUR 500,000,000 Eni SpA 100.00 100.00 F.C. Eni International BV Amsterdam Netherlands EUR 641,683,425 Eni SpA 100.00 100.00 F.C. Eni International Resources Ltd London United GBP 50,000 Eni SpA Eni 99.99 (—) 100.00 F.C. Other Activities Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) In Italy Anic Partecipazioni SpA (in liquidation) Gela (CL) Italy EUR 23,519,847.16 Syndial SpA 99.97 0.03 Eq. Eni Energia Srl San Donato Italy EUR 10,000 Eni SpA 100.00 Co. Eni New Energy SpA San Donato Italy EUR 5,000,000.00 Eni SpA 100.00 100.00 F.C. Industria Siciliana Acido Fosforico - ISAF - SpA Gela (CL) Italy EUR 1,300,000 Syndial SpA 52.00 48.00 Eq. Ing. Luigi Conti Vecchi SpA Assemini (CA) Italy EUR 5,518,620.64 Syndial SpA 100.00 100.00 F.C. Syndial Servizi Ambientali SpA San Donato Italy EUR 424,818,703.05 Eni SpA 99.99 (—) 100.00 F.C. Outside Italy Eni New Energy Egypt SAE Cairo Egypt EGP 250,000 Eni International BV 99.98 0.01 0.01 Eq. Oleodotto del Reno SA Coira Switzerland CHF 1,550,000 Syndial 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 |
Disclosure of interests in joint arrangements [text block] | Other activities Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) In Italy Filatura Tessile Nazionale Italiana - FILTENI SpA (in liquidation) Ferrandina (MT) Italy EUR 4,644,000 Syndial SpA 59.56 (a) 40.44 Co. Ottana Sviluppo ScpA (in liquidation) Nuoro Italy EUR 516,000 Syndial SpA 30.00 Eq. Saipem SpA (#) (†) San Donato Italy EUR 2,191,384,693 Eni SpA 30.54 (b) 1.48 67.98 Eq. _______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (#) Company with shares quoted in the regulated market of Italy or of other EU countries (†) Jointly controlled entity. (a) Controlling interest: Syndial SpA Third parties 48.00 52.00 (b) Controlling interest: Eni SpA Third parties 31.00 69.00 |
Disclosure of detailed information about Other significant investments [Text Block] | Corporate and financial companies In Italy Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Emittenti Titoli SpA (in liquidation) Milan Italy EUR 4,264,000 Eni SpA Emittenti Titoli SpA (L) Third parties 10.00(a) 0.78 89.22 Co. Outside Italy OGCI Climate Investments Llp London (United Kingdom) United Kingdom GBP 0(b) Eni UK Ltd Third parties 14.29 85.71 Co. ______ (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (a) Controlling interest: Eni SpA Third parties 10.08 89.92 (b) Shares without nominal value. |
Principles of consolidation (De
Principles of consolidation (Details) | 12 Months Ended | ||
Dec. 31, 2017€ / sharespure / € | Dec. 31, 2016€ / sharespure / € | Dec. 31, 2015€ / sharespure / € | |
U.S. dollar [Member] | |||
DisclosureOfPrinciplesOfConsolidationLineItems [Line Items] | |||
Average foreign exchange rate | 1.13 | 1.11 | 1.11 |
Closing foreign exchange rate | 1.20 | 1.05 | 1.09 |
Pound Sterling [Member] | |||
DisclosureOfPrinciplesOfConsolidationLineItems [Line Items] | |||
Average foreign exchange rate | 0.88 | 0.82 | 0.73 |
Closing foreign exchange rate | 0.89 | 0.86 | 0.73 |
Norwegian Krone [Member] | |||
DisclosureOfPrinciplesOfConsolidationLineItems [Line Items] | |||
Average foreign exchange rate | 9.33 | 9.29 | 8.95 |
Closing foreign exchange rate | 9.83 | 9.09 | 9.60 |
Australian dollar [Member] | |||
DisclosureOfPrinciplesOfConsolidationLineItems [Line Items] | |||
Average foreign exchange rate | 1.47 | 1.49 | 1.48 |
Closing foreign exchange rate | 1.53 | 1.46 | 1.49 |
IFRSs not yet adopted (Details
IFRSs not yet adopted (Details Textual) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfIfrssNotYetAdoptedLineItems [Line Items] | |
Customer acquisition costs capitalized | € 60 |
Expected credit loss model [Member] | |
DisclosureOfIfrssNotYetAdoptedLineItems [Line Items] | |
ImpairmentLoss | € 356 |
Intragroup related balances [Member] | |
DisclosureOfIfrssNotYetAdoptedLineItems [Line Items] | |
Description Of How Future Recovery Or Reversal Of Regulatory Deferral Account Balances is Affected By Risks And Uncertainty | For exposures arising from intragroup transactions, the recovery rate is assumed to be 100% in consideration of the possibility of providing for capital contribution to the investees in order to guarantee their solvency. |
Increase Decrease Due To Application Of IFRS15 [Member] | |
DisclosureOfIfrssNotYetAdoptedLineItems [Line Items] | |
Decrease in equity | € 43 |
Increase Decrease Due To Application Of IFRS15 [Member] | Sales method [Member] | |
DisclosureOfIfrssNotYetAdoptedLineItems [Line Items] | |
Decrease in equity | 103 |
Increase decrease due to application of ifrs 9 [Member] | |
DisclosureOfIfrssNotYetAdoptedLineItems [Line Items] | |
Increase in equity | 322 |
IncreaseDecreaseInFairValueMeasurementEntitysOwnEquityInstruments | € 678 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Disclosure Of Cash And Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | € 7,363 | € 5,674 | € 5,209 | € 6,614 |
Short-term deposits, classified as cash equivalents | € 5,591 | € 4,379 | ||
Average interest rate of financial assets within 90 days | (0.03%) | (0.01%) |
Financial assets held for tr102
Financial assets held for trading (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | [1] | € 6,012 | € 6,166 |
Quoted bonds issued by sovereign states [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 1,022 | 996 | |
Other [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 4,990 | € 5,170 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Financial assets held for tr103
Financial assets held for trading (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | [1] | € 6,012 | € 6,166 |
Euro [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 4,232 | 4,319 | |
U.S. dollar [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 1,025 | 699 | |
Swiss franc [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 461 | 413 | |
British pound [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 198 | 632 | |
Australian dollar [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 79 | 51 | |
Canadian dollar [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 17 | € 52 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Financial assets held for tr104
Financial assets held for trading (Details 2) - Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 6,212 |
Financial assets, at fair value | 6,012 |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 728 |
Financial assets, at fair value | 709 |
Quoted bonds issued by sovereign states, Floating rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 309 |
Financial assets, at fair value | 313 |
Quoted bonds issued by sovereign states [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 1,037 |
Financial assets, at fair value | 1,022 |
Other Bonds, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 3,501 |
Financial assets, at fair value | 3,356 |
Other Bonds, Fixed rate bonds [Member] | Quoted bonds issued by industrial companies [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 2,036 |
Financial assets, at fair value | € 1,922 |
External rating by moody's, grade | from Aaa to Baa3 |
External rating by SP, grade | from AAA to BBB- |
Other Bonds, Fixed rate bonds [Member] | Quoted bonds issued by financial and insurance companies [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 1,437 |
Financial assets, at fair value | € 1,409 |
External rating by moody's, grade | from Aaa to Baa3 |
External rating by SP, grade | from AAA to BBB- |
Other Bonds, Fixed rate bonds [Member] | Quoted bonds issued by supranational institutions [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 28 |
Financial assets, at fair value | € 25 |
External rating by moody's, grade | from Aaa to Aa3 |
External rating by SP, grade | from AAA to AA- |
Other Bonds, Floating rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 1,674 |
Financial assets, at fair value | 1,634 |
Other Bonds, Floating rate bonds [Member] | Quoted bonds issued by industrial companies [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 789 |
Financial assets, at fair value | € 754 |
External rating by moody's, grade | from Aaa to Baa3 |
External rating by SP, grade | from AAA to BBB- |
Other Bonds, Floating rate bonds [Member] | Quoted bonds issued by financial and insurance companies [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 840 |
Financial assets, at fair value | € 842 |
External rating by moody's, grade | from Aaa to Baa3 |
External rating by SP, grade | from AAA to BBB- |
Other Bonds, Floating rate bonds [Member] | Quoted bonds issued by supranational institutions [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 45 |
Financial assets, at fair value | € 38 |
External rating by moody's, grade | from Aaa to Aa3 |
External rating by SP, grade | from AAA to AA- |
Other Bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 5,175 |
Financial assets, at fair value | 4,990 |
Italy [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | 478 |
Financial assets, at fair value | € 477 |
External rating by moody's, grade | Baa2 |
External rating by SP, grade | BBB |
Italy [Member] | Quoted bonds issued by sovereign states, Floating rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 300 |
Financial assets, at fair value | € 304 |
External rating by moody's, grade | Baa2 |
External rating by SP, grade | BBB |
Spain [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 45 |
Financial assets, at fair value | € 41 |
External rating by moody's, grade | Baa2 |
External rating by SP, grade | BBB+ |
Poland [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 53 |
Financial assets, at fair value | € 52 |
External rating by moody's, grade | A2 |
External rating by SP, grade | BBB+ |
Slovenia [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 33 |
Financial assets, at fair value | € 34 |
External rating by moody's, grade | Baa1 |
External rating by SP, grade | A+ |
Ireland [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 10 |
Financial assets, at fair value | € 10 |
External rating by moody's, grade | A2 |
External rating by SP, grade | A+ |
Chile [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 8 |
Financial assets, at fair value | € 9 |
External rating by moody's, grade | Aa3 |
External rating by SP, grade | A+ |
Slovakia [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 5 |
Financial assets, at fair value | € 4 |
External rating by moody's, grade | A2 |
External rating by SP, grade | A+ |
Sweden [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 4 |
Financial assets, at fair value | € 4 |
External rating by moody's, grade | Aaa |
External rating by SP, grade | AAA |
United States of America [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 53 |
Financial assets, at fair value | € 45 |
External rating by moody's, grade | Aaa |
External rating by SP, grade | AA+ |
United States of America [Member] | Quoted bonds issued by sovereign states, Floating rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 2 |
Financial assets, at fair value | € 2 |
External rating by moody's, grade | Aaa |
External rating by SP, grade | AA+ |
Japan [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 25 |
Financial assets, at fair value | € 21 |
External rating by moody's, grade | A1 |
External rating by SP, grade | A+ |
Canada [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 11 |
Financial assets, at fair value | € 9 |
External rating by moody's, grade | Aaa |
External rating by SP, grade | AAA |
Netherlands [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 2 |
Financial assets, at fair value | € 2 |
External rating by moody's, grade | Aaa |
External rating by SP, grade | AAA |
South Korea [Member] | Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 1 |
Financial assets, at fair value | € 1 |
External rating by moody's, grade | Aa2 |
External rating by SP, grade | AA |
Belgium [Member] | Quoted bonds issued by sovereign states, Floating rate bonds [Member] | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |
Nominal Amount | € 7 |
Financial assets, at fair value | € 7 |
External rating by moody's, grade | Aa3 |
External rating by SP, grade | AA |
Financial assets held for tr105
Financial assets held for trading (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | [1] | € 6,012 | € 6,166 |
Quoted bonds issued by sovereign states [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 1,022 | 996 | |
Quoted bonds issued by sovereign states [Member] | Securities held for non-operating purposes [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Financial assets at fair value | 190 | ||
Level 1 Of Fair Value Hierarchy [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Financial assets at fair value | 5,140 | ||
Level 2 of fair value hierarchy [member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Financial assets at fair value | 872 | ||
Securities lending [member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 845 | 665 | |
Eni Insurance DAC [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 219 | 104 | |
Eni SpA [Member] | |||
DisclosureOfFinancialAssetsHeldForTradingLineItems [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 5,793 | € 6,062 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Financial assets available f106
Financial assets available for sale (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | [1] | € 207 | € 238 |
Securities held for non-operating purposes [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | 207 | 238 | |
Securities held for non-operating purposes [Member] | Quoted bonds issued by sovereign states [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | 190 | 210 | |
Securities held for non-operating purposes [Member] | Quoted Securities Issued By Financial Institutions [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | € 17 | € 28 | |
[1] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). |
Financial assets available f107
Financial assets available for sale (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | [1] | € 207 | € 238 |
Euro [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | 176 | 199 | |
U.S. dollar [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | € 31 | € 39 | |
[1] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). |
Financial assets available f108
Financial assets available for sale (Details 2) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
Quoted bonds issued by sovereign states [Member] | Securities held for non-operating purposes [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 175 |
Fair Value | 190 |
Fixed Rate Bonds [Member] | Belgium [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | 27 |
Fair Value | € 30 |
Nominal rate of return (%) | from 3.75 to 4.25 |
Maturity date | from 2019 to 2021 |
Rating - Moody's | Aa3 |
Rating - S&P | AA |
Fixed Rate Bonds [Member] | Spain [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 25 |
Fair Value | € 27 |
Nominal rate of return (%) | from 1.40 to 5.50 |
Maturity date | from 2018 to 2021 |
Rating - Moody's | Baa2 |
Rating - S&P | BBB+ |
Fixed Rate Bonds [Member] | France [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 17 |
Fair Value | € 19 |
Nominal rate of return (%) | from 1.00 to 3.25 |
Maturity date | from 2018 to 2023 |
Rating - Moody's | Aa2 |
Rating - S&P | AA |
Fixed Rate Bonds [Member] | Poland [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 15 |
Fair Value | € 18 |
Nominal rate of return (%) | from 4.50 to 6.38 |
Maturity date | from 2019 to 2022 |
Rating - Moody's | A2 |
Rating - S&P | BBB+ |
Fixed Rate Bonds [Member] | Ireland [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 17 |
Fair Value | € 18 |
Nominal rate of return (%) | from 0.80 to 4.50 |
Maturity date | from 2019 to 2022 |
Rating - Moody's | A2 |
Rating - S&P | A+ |
Fixed Rate Bonds [Member] | Iceland [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 14 |
Fair Value | € 15 |
Nominal rate of return (%) | from 2.50 to 5.88 |
Maturity date | from 2020 to 2022 |
Rating - Moody's | A3 |
Rating - S&P | A |
Fixed Rate Bonds [Member] | Italy [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 14 |
Fair Value | € 15 |
Nominal rate of return (%) | from 0.65 to 3.50 |
Maturity date | from 2018 to 2020 |
Rating - Moody's | Baa2 |
Rating - S&P | BBB |
Fixed Rate Bonds [Member] | Portugal [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 7 |
Fair Value | € 8 |
Nominal rate of return (%) | 4.75 |
Maturity date | 2,019 |
Rating - Moody's | Ba1 |
Rating - S&P | BBB- |
Fixed Rate Bonds [Member] | Czech Republic [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 7 |
Fair Value | € 8 |
Nominal rate of return (%) | 3.63 |
Maturity date | 2,021 |
Rating - Moody's | A1 |
Rating - S&P | AA- |
Fixed Rate Bonds [Member] | Slovenia [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 8 |
Fair Value | € 8 |
Nominal rate of return (%) | 2.25 |
Maturity date | 2,022 |
Rating - Moody's | Baa1 |
Rating - S&P | A+ |
Fixed Rate Bonds [Member] | Slovakia [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 7 |
Fair Value | € 7 |
Nominal rate of return (%) | 1.50 |
Maturity date | 2,018 |
Rating - Moody's | A2 |
Rating - S&P | A+ |
Fixed Rate Bonds [Member] | Unites States Of America [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 6 |
Fair Value | € 6 |
Nominal rate of return (%) | from 1.25 to 3.13 |
Maturity date | from 2019 to 2020 |
Rating - Moody's | Aaa |
Rating - S&P | AA+ |
Fixed Rate Bonds [Member] | Canada [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 5 |
Fair Value | € 5 |
Nominal rate of return (%) | 1.63 |
Maturity date | 2,019 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Fixed Rate Bonds [Member] | Finland [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 5 |
Fair Value | € 5 |
Nominal rate of return (%) | 1.75 |
Maturity date | 2,019 |
Rating - Moody's | Aa1 |
Rating - S&P | AA+ |
Fixed Rate Bonds [Member] | Netherlands [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Nominal value | € 1 |
Fair Value | € 1 |
Nominal rate of return (%) | 4 |
Maturity date | 2,018 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Financial assets available f109
Financial assets available for sale (Details 3) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Carrying amount at beginning of period | € 52,329 |
Carrying amount at End of period | 42,490 |
Financial Assets Available for sale Category [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Carrying amount at beginning of period | 4 |
Changes recognized in equity | (4) |
Carrying amount at End of period | 0 |
Financial Assets Available for sale Category [Member] | Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Carrying amount at beginning of period | 5 |
Changes recognized in equity | (5) |
Carrying amount at End of period | 0 |
Financial Assets Available for sale Category [Member] | Reserve of Deferred Tax Liabilities [Member] | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |
Carrying amount at beginning of period | (1) |
Changes recognized in equity | 1 |
Carrying amount at End of period | € 0 |
Financial assets available f110
Financial assets available for sale (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | [1] | € 207 | € 238 |
Securities held for non-operating purposes [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | 207 | 238 | |
Securities held for non-operating purposes [Member] | Quoted bonds issued by sovereign states [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | 190 | 210 | |
Securities held for non-operating purposes [Member] | Quoted Securities Issued By Financial Institutions [Member] | |||
DisclosureOfFinancialAssetsAvailableForSaleLineItems [Line Items] | |||
Current financial assets available-for-sale | € 17 | € 28 | |
[1] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). |
Trade and other receivables (De
Trade and other receivables (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Trade And Other Receivables [Abstract] | ||
Trade receivables | € 10,182 | € 11,186 |
Financing receivables | ||
- for operating purposes - short-term | 84 | 86 |
- for operating purposes - current portion of long-term receivables | 23 | 72 |
- for non-operating purposes | 209 | 385 |
Financing Receivable | 316 | 543 |
Other receivables | ||
- from disposals | 597 | 171 |
- other | 4,642 | 5,693 |
Other receivables | 5,239 | 5,864 |
Trade and other current receivables | € 15,737 | € 17,593 |
Trade and other receivables 112
Trade and other receivables (Details 1) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |
Carrying amount, Beginning of period | € 2,371 |
Additions | 927 |
Deductions | (455) |
Other changes | (114) |
Carrying amount, end of period | 2,729 |
Trade receivables [member] | |
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |
Carrying amount, Beginning of period | 1,817 |
Additions | 539 |
Deductions | (448) |
Other changes | (60) |
Carrying amount, end of period | 1,848 |
Financing Receivables [Member] | |
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |
Carrying amount, Beginning of period | 68 |
Additions | 31 |
Deductions | (1) |
Other changes | (8) |
Carrying amount, end of period | 90 |
Other Receivables [Member] | |
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |
Carrying amount, Beginning of period | 486 |
Additions | 388 |
Deductions | (6) |
Other changes | (77) |
Carrying amount, end of period | € 791 |
Trade and other receivables 113
Trade and other receivables (Details 2) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | € 10,182 | € 11,186 |
Other receivables | 5,239 | 5,864 |
Not later than three months [member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 478 | 744 |
Other receivables | 21 | 58 |
Later than three months and not later than six months [member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 46 | 49 |
Other receivables | 9 | 81 |
Later than six months and not later than one year [member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 147 | 69 |
Other receivables | 202 | 249 |
Later than one year [member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 144 | 322 |
Other receivables | 372 | 175 |
Total Due [Member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 815 | 1,184 |
Other receivables | 604 | 563 |
Trade receivables neither impaired nor past due [Member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 8,800 | 9,243 |
Other receivables | 4,604 | 4,869 |
Impaired trade receivables [Member] | ||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | ||
Trade receivables | 567 | 759 |
Other receivables | € 31 | € 432 |
Trade and other receivables 114
Trade and other receivables (Details 3) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Trade And Other Receivables [Abstract] | ||
Receivables originated from divestments | € 597 | € 171 |
Accounts receivable from | ||
- joint venture partners in exploration and production | 3,369 | 4,111 |
- prepayments for services | 261 | 372 |
- insurance companies | 157 | 147 |
- non-financial government entities | 2 | 49 |
- factoring arrangements | 28 | 81 |
- non-Italian oil entities for oil tax refunds | 32 | 40 |
- other receivables | 793 | 893 |
Other current receivables | 4,642 | 5,693 |
Other receivables | € 5,239 | € 5,864 |
Trade and other receivables 115
Trade and other receivables (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Decrease in trade receivables | € 1,004 | ||
Trade receivables | 10,182 | € 11,186 | |
Other non-current financial assets | 1,675 | 1,860 | |
Financing receivables for non operating pursposes | 209 | 385 | |
Receivables from sale of properties | 597 | 171 | |
Current receivables from sale of properties | € 153 | 166 | |
Interest percentage in project | 1.71% | ||
Disposals investment property | € 442 | 530 | |
Recognition of losses on doubtful accounts | 448 | 607 | |
Other current receivables | 4,642 | 5,693 | |
Overdue other receivables | 646 | 775 | |
Foreign exchange gain (loss) | (905) | 676 | € (354) |
Other receivables | 5,239 | 5,864 | |
Allowance account for credit losses of trade and other receivables at end of period | 539 | 503 | |
Deduction allowance account for credit losses of trade and other receivables | 455 | ||
Financing receivables in currencies other than euro | 82 | 121 | |
Receivables Overdue, net | 570 | 684 | |
Allowance account for credit losses of financial assets | 2,729 | 2,371 | |
Accrued trade receivable | 484 | ||
Collections from trade receivable | 398 | ||
Additions allowance account for credit losses of trade and other receivables | 927 | ||
Settlement Agreement [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Overdue trade receivables for hydrocarbons supplies | 264 | ||
Current year [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Collections from trade receivable | 350 | ||
Commercial And Industrial Agreements [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Proceeds from trade receivables | 420 | 443 | |
State Oil Company [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Receivables Overdue, net | 570 | 684 | |
Additions allowance account for credit losses of trade and other receivables | 388 | ||
Nigerian national oil company [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Receivables from sale of properties | 713 | 716 | |
State-owned oil companies [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 438 | 611 | |
BNP Paribas [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 39 | ||
Third Counterparties [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 29 | ||
Nigeria [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Receivables from sale of properties | 1,507 | ||
Other receivables | 1,507 | 382 | |
Other receivable writeoff | € 214 | ||
Egypt [Member] | Intererst one [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Percentage of interest divested | 10.00% | ||
Egypt [Member] | Intererst Two [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Percentage of interest divested | 30.00% | ||
CARDON IV SA [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Other non-current financial assets | € 955 | 1,054 | |
Joint Ventures [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Other non-current financial assets | € 1,214 | 1,350 | |
Proportion of ownership interest in joint venture | 50.00% | ||
Other current receivables | € 3,369 | 4,111 | |
Venezuelan [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Impairment loss recognised in profit or loss, trade receivables | 19 | ||
Currencies Other Than Euros [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 2,942 | 3,629 | |
Other non-current financial assets | 1,428 | 1,606 | |
Other receivables | 4,799 | 5,253 | |
Factoring Of Receivables [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 2,051 | 1,769 | |
Gas & Power Segment [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Decrease in trade receivables | 706 | ||
Recognition of losses on doubtful accounts | 400 | ||
Allowance account for credit losses of trade and other receivables at end of period | 446 | ||
Gas & Power Segment [Member] | Factoring Of Receivables [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 1,722 | 1,434 | |
Refining & Marketing and Chemical segment [Member] | Factoring Of Receivables [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 329 | 335 | |
Exploration & Production Segment [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Trade receivables | 1,323 | € 1,764 | |
Other receivables | 375 | ||
Allowance account for credit losses of trade and other receivables at end of period | 55 | ||
Operated oil project [Member] | Contractual recovery of costs [Member] | |||
DisclosureOfTradeAndOtherReceivablesLineItems [Line Items] | |||
Other receivables | € 153 |
Inventories (Details)
Inventories (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
InventoriesLineItems [Line Items] | ||
Raw and auxiliary materials and consumables | € 2,565 | € 2,588 |
Products being processed and semi-finished products | 140 | 109 |
Work in progress | 1 | 2 |
Finished products and goods | 1,859 | 1,869 |
Certificates and emission rights | 56 | 69 |
Current inventories | 4,621 | 4,637 |
Crude oil, gas and petroleum products [member] | ||
InventoriesLineItems [Line Items] | ||
Raw and auxiliary materials and consumables | 785 | 550 |
Products being processed and semi-finished products | 133 | 99 |
Finished products and goods | 1,287 | 1,394 |
Current inventories | 2,205 | 2,043 |
Chemical products [member] | ||
InventoriesLineItems [Line Items] | ||
Raw and auxiliary materials and consumables | 140 | 135 |
Products being processed and semi-finished products | 7 | 9 |
Finished products and goods | 489 | 389 |
Current inventories | 636 | 533 |
Other [Member] | ||
InventoriesLineItems [Line Items] | ||
Raw and auxiliary materials and consumables | 1,640 | 1,903 |
Products being processed and semi-finished products | 1 | |
Work in progress | 1 | 2 |
Finished products and goods | 83 | 86 |
Certificates and emission rights | 56 | 69 |
Current inventories | € 1,780 | € 2,061 |
Inventories (Details 1)
Inventories (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
InventoriesLineItems [Line Items] | ||
Carrying amount at the beginning of the year | € 4,637 | € 4,579 |
Changes | 314 | (29) |
New or increased provisions | (81) | (125) |
Deductions | 18 | 163 |
Currency translation differences | (232) | 56 |
Other changes | (35) | (7) |
Carrying amount at the end of the year | 4,621 | 4,637 |
Gross carrying amount [member] | ||
InventoriesLineItems [Line Items] | ||
Carrying amount at the beginning of the year | 4,892 | 4,887 |
Changes | 314 | (29) |
Currency translation differences | (254) | 61 |
Other changes | (86) | (27) |
Carrying amount at the end of the year | 4,866 | 4,892 |
Loss provision[member] | ||
InventoriesLineItems [Line Items] | ||
Carrying amount at the beginning of the year | (255) | (308) |
New or increased provisions | (81) | (125) |
Deductions | 18 | 163 |
Currency translation differences | 22 | (5) |
Other changes | 51 | 20 |
Carrying amount at the end of the year | € (245) | € (255) |
Inventories (Details Textual)
Inventories (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
InventoriesLineItems [Line Items] | ||
Current raw materials | € 2,565 | € 2,588 |
Other current inventories | 56 | 69 |
Inventories pledged as security for liabilities | 86 | 82 |
Increase decrease through gross value changes,inventories | 314 | (29) |
Loss provisions,inventories in exploration and evaluation assets | 245 | |
Other [Member] | ||
InventoriesLineItems [Line Items] | ||
Current raw materials | 1,640 | 1,903 |
Other current inventories | 56 | 69 |
Level 1 Of Fair Value Hierarchy [Member] | ||
InventoriesLineItems [Line Items] | ||
Other current inventories | 56 | 69 |
Exploration & Production Segment [Member] | ||
InventoriesLineItems [Line Items] | ||
Current raw materials | 1,441 | € 1,699 |
Loss provisions,inventories in exploration and evaluation assets | 191 | |
Refining & Marketing segment [member] | ||
InventoriesLineItems [Line Items] | ||
Increase decrease through gross value changes,inventories | 192 | |
Chemical [member] | ||
InventoriesLineItems [Line Items] | ||
Increase decrease through gross value changes,inventories | € 129 |
Current tax assets (Details)
Current tax assets (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
CurrentTaxAssetsLineItems [Line Items] | ||
Current tax assets, current | € 191 | € 383 |
Italian subsidiaries [Member] | ||
CurrentTaxAssetsLineItems [Line Items] | ||
Current tax assets, current | 99 | 134 |
Subsidiaries outside Italy [Member] | ||
CurrentTaxAssetsLineItems [Line Items] | ||
Current tax assets, current | € 92 | € 249 |
Other current tax assets (Detai
Other current tax assets (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Other Current Tax Assets [Abstract] | ||
VAT | € 452 | € 447 |
Excise and customs duties | 217 | 161 |
Other taxes and duties | 60 | 81 |
Current receivables from taxes other than income tax | € 729 | € 689 |
Other current assets (Details)
Other current assets (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Other Current Assets [Abstract] | ||
Fair value of derivative financial instruments | € 1,231 | € 2,248 |
Other current assets | 342 | 343 |
Other current assets, Total | € 1,573 | € 2,591 |
Other current assets (Details T
Other current assets (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Other Current Assets [Abstract] | ||
Current prepayments and other current assets | € 342 | € 343 |
Residual Amount of Current prepayments and other current assets | € 63 | € 90 |
Property, plant and equipmen123
Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | € 70,793 | € 68,005 | |
Additions | 8,490 | 9,067 | |
Depreciation | (7,199) | (7,308) | |
Net (impairments) reversals | 207 | 86 | |
Disposals | (1,448) | ||
Write-off | 239 | 289 | € 678 |
Currency translation differences | (7,025) | 1,886 | |
Reclassification to discontinued operations and assets held for sale | (11) | ||
Other changes | (421) | (643) | |
Net book amount at the end of the year | 63,158 | 70,793 | 68,005 |
Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 197,272 | ||
Net book amount at the end of the year | 183,777 | 197,272 | |
Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 126,479 | ||
Net book amount at the end of the year | 120,619 | 126,479 | |
Provisions for depreciation and impairments | 120,619 | 126,479 | |
Land [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 448 | 510 | |
Additions | 2 | 1 | |
Net (impairments) reversals | (5) | (64) | |
Disposals | (12) | ||
Currency translation differences | (2) | 1 | |
Reclassification to discontinued operations and assets held for sale | (8) | ||
Other changes | 47 | 8 | |
Net book amount at the end of the year | 478 | 448 | 510 |
Land [Member] | Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 537 | ||
Net book amount at the end of the year | 571 | 537 | |
Land [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions for depreciation and impairments | 93 | 89 | |
Buildings [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 810 | 818 | |
Additions | 20 | 22 | |
Depreciation | (71) | (66) | |
Net (impairments) reversals | (5) | (3) | |
Disposals | (3) | ||
Currency translation differences | (3) | 1 | |
Reclassification to discontinued operations and assets held for sale | (2) | ||
Other changes | 87 | 40 | |
Net book amount at the end of the year | 835 | 810 | 818 |
Buildings [Member] | Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 3,416 | ||
Net book amount at the end of the year | 3,490 | 3,416 | |
Buildings [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions for depreciation and impairments | 2,655 | 2,606 | |
Plant And Machinery [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 50,270 | 40,667 | |
Additions | 153 | 204 | |
Depreciation | (6,996) | (7,087) | |
Net (impairments) reversals | 436 | 345 | |
Disposals | 3 | ||
Write-off | (3) | (198) | |
Currency translation differences | (5,272) | 1,329 | |
Reclassification to discontinued operations and assets held for sale | (1) | ||
Other changes | 10,571 | 15,011 | |
Net book amount at the end of the year | 49,162 | 50,270 | 40,667 |
Plant And Machinery [Member] | Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 167,007 | ||
Net book amount at the end of the year | 160,751 | 167,007 | |
Plant And Machinery [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions for depreciation and impairments | 111,589 | 116,737 | |
Industrial and commercial equipment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 300 | 326 | |
Additions | 27 | 32 | |
Depreciation | (63) | (66) | |
Net (impairments) reversals | (1) | (1) | |
Write-off | (2) | (2) | |
Currency translation differences | (8) | ||
Other changes | (17) | 11 | |
Net book amount at the end of the year | 236 | 300 | 326 |
Industrial and commercial equipment [Member] | Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 1,415 | ||
Net book amount at the end of the year | 1,264 | 1,415 | |
Industrial and commercial equipment [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions for depreciation and impairments | 1,028 | 1,115 | |
Other Property Plant And Equipment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 309 | 403 | |
Additions | 52 | 42 | |
Depreciation | (69) | (89) | |
Net (impairments) reversals | (5) | (17) | |
Disposals | (6) | ||
Currency translation differences | (18) | 4 | |
Other changes | (2) | (34) | |
Net book amount at the end of the year | 261 | 309 | 403 |
Other Property Plant And Equipment [Member] | Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 2,160 | ||
Net book amount at the end of the year | 1,954 | 2,160 | |
Other Property Plant And Equipment [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions for depreciation and impairments | 1,693 | 1,851 | |
Tangible assets in progress and advances [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 18,656 | 25,281 | |
Additions | 8,236 | 8,766 | |
Net (impairments) reversals | (213) | (174) | |
Disposals | (1,430) | ||
Write-off | (234) | (89) | |
Currency translation differences | (1,722) | 551 | |
Other changes | (11,107) | (15,679) | |
Net book amount at the end of the year | 12,186 | 18,656 | € 25,281 |
Tangible assets in progress and advances [Member] | Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 22,737 | ||
Net book amount at the end of the year | 15,747 | 22,737 | |
Tangible assets in progress and advances [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions for depreciation and impairments | € 3,561 | € 4,081 |
Property, plant and equipmen124
Property, plant and equipment (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions other than through business combinations, property, plant and equipment | € 8,490 | € 9,067 |
Exploration & Production Segment [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions other than through business combinations, property, plant and equipment | 7,638 | 8,217 |
Gas & Power Segment [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions other than through business combinations, property, plant and equipment | 87 | 66 |
Refining & Marketing and Chemical segment [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions other than through business combinations, property, plant and equipment | 712 | 655 |
Corporate And Other Activities [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions other than through business combinations, property, plant and equipment | 69 | 42 |
Elimination of intragroup profits [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions other than through business combinations, property, plant and equipment | € (16) | € 87 |
Property, plant and equipmen125
Property, plant and equipment (Details 2) | 12 Months Ended |
Dec. 31, 2017 | |
Buildings [Member] | Bottom Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2% |
Buildings [Member] | Top Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 10% |
Mineral exploration wells and plants [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | UOP |
Refining and chemical plants [Member] | Bottom Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2% |
Refining and chemical plants [Member] | Top Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 17% |
Gas pipelines and compression stations [Member] | Bottom Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2% |
Gas pipelines and compression stations [Member] | Top Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 12% |
Power plants [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 5% |
Other Plant And Machinery [Member] | Bottom Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 6% |
Other Plant And Machinery [Member] | Top Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 12% |
Industrial and commercial equipment [Member] | Bottom Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 5% |
Industrial and commercial equipment [Member] | Top Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 25% |
Other Property Plant And Equipment [Member] | Bottom Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 10% |
Other Property Plant And Equipment [Member] | Top Of Range [Member] | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 20% |
Property, plant and equipmen126
Property, plant and equipment (Details 3) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | € 70,793 | € 68,005 | |
Additions | 8,490 | 9,067 | |
Net reversals (impairments) | 207 | 86 | |
Write-off | 239 | 289 | € 678 |
Net book amount at the end of the year | 63,158 | 70,793 | 68,005 |
Unproved mineral interest [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 2,450 | 2,212 | |
Net reversals (impairments) | 147 | 190 | |
Other changes and currency translation differences | (312) | 81 | |
Net book amount at the end of the year | 2,390 | 2,450 | 2,212 |
Exploration Production Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 17,040 | 24,307 | |
Additions | 7,653 | 8,181 | |
Net reversals (impairments) | 23 | (25) | |
Write-off | (230) | (88) | |
Reclassifications | (9,938) | (15,932) | |
Other changes and currency translation differences | (3,708) | 597 | |
Net book amount at the end of the year | 10,840 | 17,040 | 24,307 |
Exploration Production Segment [Member] | Exploratory wells in progress [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 221 | 93 | |
Additions | 351 | 402 | |
Write-off | (11) | ||
Reclassifications | (438) | (282) | |
Other changes and currency translation differences | (15) | 8 | |
Net book amount at the end of the year | 108 | 221 | 93 |
Exploration Production Segment [Member] | Exploratory wells completed and being evaluated [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 1,684 | 1,737 | |
Write-off | (217) | (109) | |
Reclassifications | 173 | 6 | |
Other changes and currency translation differences | (377) | 50 | |
Net book amount at the end of the year | 1,263 | 1,684 | 1,737 |
Exploration Production Segment [Member] | Exploratory successful wells in progress [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 913 | 807 | |
Net reversals (impairments) | (13) | (5) | |
Reclassifications | (117) | 78 | |
Other changes and currency translation differences | (294) | 33 | |
Net book amount at the end of the year | 489 | 913 | 807 |
Exploration Production Segment [Member] | Exploration activity and appraisal [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 2,818 | 2,637 | |
Additions | 351 | 402 | |
Net reversals (impairments) | (13) | (5) | |
Write-off | (228) | (109) | |
Reclassifications | (382) | (198) | |
Other changes and currency translation differences | (686) | 91 | |
Net book amount at the end of the year | 1,860 | 2,818 | 2,637 |
Exploration Production Segment [Member] | Unproved mineral interest [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 2,450 | 2,212 | |
Additions | 112 | 2 | |
Net reversals (impairments) | 147 | 190 | |
Reclassifications | (7) | (35) | |
Other changes and currency translation differences | (312) | 81 | |
Net book amount at the end of the year | 2,390 | 2,450 | 2,212 |
Exploration Production Segment [Member] | Well and installments in progress [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 11,690 | 19,458 | |
Additions | 7,190 | 7,777 | |
Net reversals (impairments) | (111) | (210) | |
Write-off | (2) | (6) | |
Reclassifications | (9,538) | (15,699) | |
Other changes and currency translation differences | (2,676) | 370 | |
Net book amount at the end of the year | 6,553 | 11,690 | 19,458 |
Exploration Production Segment [Member] | Abandonment cost [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 82 | ||
Write-off | 27 | ||
Reclassifications | (11) | ||
Other changes and currency translation differences | (34) | 55 | |
Net book amount at the end of the year | 37 | 82 | |
Exploration Production Segment [Member] | Other tangible assets in progress [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Book amount at the beginning of the year | 14,222 | 21,670 | |
Additions | 7,302 | 7,779 | |
Net reversals (impairments) | 36 | (20) | |
Write-off | (2) | 21 | |
Reclassifications | (9,556) | (15,734) | |
Other changes and currency translation differences | (3,022) | 506 | |
Net book amount at the end of the year | € 8,980 | € 14,222 | € 21,670 |
Property, plant and equipmen127
Property, plant and equipment (Details 4) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Property Plant And Equipment | |||
Costs for exploratory wells suspended at the beginning of the period | € 1,684 | € 1,737 | € 1,568 |
Increases for which is ongoing the determination of proved reserves | 451 | 282 | 550 |
Amounts previously capitalized and expensed in the period | (217) | (109) | (501) |
Reclassification to successful exploratory wells following the estimation of proved reserves | (278) | (276) | (30) |
Disposals | (199) | (4) | |
Currency translation differences | (178) | 50 | 154 |
Costs for exploratory wells suspended at the end of the period | € 1,263 | € 1,684 | € 1,737 |
Property, plant and equipmen128
Property, plant and equipment (Details 5) € in Millions | Dec. 31, 2017EUR (€)€ / shares | Dec. 31, 2016EUR (€)€ / shares | Dec. 31, 2015EUR (€)€ / shares |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 1,263 | € 1,684 | € 1,737 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 33.26 | 32.85 | 35.43 |
fields including wells drilled over the last 12 months [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 148 | € 9 | € 368 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 5.88 | 0.55 | 5.32 |
Delineation campaign in progress [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 261 | € 251 | € 228 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 4.69 | 3.51 | 4.13 |
Commercial Discoveries in Progress [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 854 | € 1,424 | € 1,141 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 22.69 | 28.79 | 25.98 |
Not later than one year [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 222 | € 16 | € 368 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 7.95 | 1.05 | 5.32 |
Later Than One Year And Not Later Than Three Years [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 241 | € 609 | € 634 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 3.87 | 10.25 | 11.14 |
Later Than Three Years And Not Later Than Five Years [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 800 | € 1,059 | € 735 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | € / shares | 21.44 | 21.55 | 18.97 |
Property, plant and equipmen129
Property, plant and equipment (Details 6) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | € 70,793 | € 68,005 |
Additions | 8,490 | 9,067 |
Net (impairments) reversals | 207 | 86 |
Net book amount at the end of the year | 63,158 | 70,793 |
Unproved Mineral Interest [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | 2,450 | 2,212 |
Additions | 112 | 2 |
Net (impairments) reversals | 147 | 190 |
Reclassification to proved mineral interest | (7) | (35) |
Other changes and currency translation differences | (312) | 81 |
Net book amount at the end of the year | 2,390 | 2,450 |
Unproved Mineral Interest [Member] | Congo [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | 1,254 | 1,021 |
Net (impairments) reversals | 72 | 190 |
Reclassification to proved mineral interest | (7) | |
Other changes and currency translation differences | (157) | 43 |
Net book amount at the end of the year | 1,162 | 1,254 |
Unproved Mineral Interest [Member] | Nigeria [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | 938 | 908 |
Other changes and currency translation differences | (113) | 30 |
Net book amount at the end of the year | 825 | 938 |
Unproved Mineral Interest [Member] | Turkmenistan [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | 138 | 165 |
Net (impairments) reversals | 75 | |
Reclassification to proved mineral interest | (31) | |
Other changes and currency translation differences | (21) | 4 |
Net book amount at the end of the year | 192 | 138 |
Unproved Mineral Interest [Member] | USA [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | 113 | 109 |
Other changes and currency translation differences | (14) | 4 |
Net book amount at the end of the year | 99 | 113 |
Unproved Mineral Interest [Member] | Algeria [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Additions | 112 | |
Other changes and currency translation differences | (7) | |
Net book amount at the end of the year | 105 | |
Unproved Mineral Interest [Member] | Egypt [Member] | ||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | ||
Book amount at the beginning of the year | 7 | 9 |
Additions | 2 | |
Reclassification to proved mineral interest | (4) | |
Net book amount at the end of the year | € 7 | € 7 |
Property, plant and equipmen130
Property, plant and equipment (Details 7) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | € 63,158 | € 70,793 | € 68,005 |
Exploration & Production Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 56,833 | 64,428 | |
Gas & Power Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 1,379 | 1,692 | |
Refining & Marketing and Chemical segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 4,929 | 4,642 | |
Corporate And Other Activities [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 341 | 368 | |
Elimination of intragroup profits [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | (324) | (337) | |
Gross carrying amount [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 183,777 | 197,272 | |
Gross carrying amount [member] | Exploration & Production Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 152,608 | 165,559 | |
Gross carrying amount [member] | Gas & Power Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 5,333 | 6,276 | |
Gross carrying amount [member] | Refining & Marketing and Chemical segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 24,554 | 24,119 | |
Gross carrying amount [member] | Corporate And Other Activities [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 1,866 | 1,886 | |
Gross carrying amount [member] | Elimination of intragroup profits [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | (584) | (568) | |
Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 120,619 | 126,479 | |
Accumulated impairment [member] | Exploration & Production Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 95,775 | 101,131 | |
Accumulated impairment [member] | Gas & Power Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 3,954 | 4,584 | |
Accumulated impairment [member] | Refining & Marketing and Chemical segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 19,625 | 19,477 | |
Accumulated impairment [member] | Corporate And Other Activities [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | 1,525 | 1,518 | |
Accumulated impairment [member] | Elimination of intragroup profits [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property, plant and equipment, net | € (260) | € (231) |
Property, plant and equipmen131
Property, plant and equipment (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Borrowing costs capitalised | € 72 | € 105 | |
Write-Off of tangible assets | 239 | 289 | € 678 |
Increase (decrease) through net exchange differences, property, plant and equipment | (7,025) | 1,886 | |
Increase (decrease) through other changes, property, plant and equipment | (421) | (643) | |
Provision for decommissioning, restoration and rehabilitation costs | 81 | 118 | 131 |
Property, plant and equipment, pledged as security | 24 | 24 | |
Government grants | 110 | 90 | |
Disposals Property Plant And Equipment | (1,448) | ||
Deferred consideration | 553 | 663 | |
Deferred consideration due in next one year | 442 | 530 | |
Wells suspended | 217 | ||
Exploration area under development | 648 | ||
Reclassification due to development wells and plants | 9,538 | ||
Reclassification due to exploratory wells | 382 | ||
Reclassification wells in progress to completed | 438 | ||
Property plant and equipment | € 63,158 | 70,793 | 68,005 |
Exxon mobil [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Proportion Of Ownership Interest In Joint Operation | 35.70% | ||
BP [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Percentage of interest sold | 10.00% | ||
Rosneft [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Percentage of interest sold | 30.00% | ||
Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Provisions | € 16,005 | 17,558 | |
Property plant and equipment | 120,619 | 126,479 | |
Unsuccessful Exploration [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Write-Off of tangible assets | 228 | ||
Unproved Mineral Interest [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property plant and equipment | € 2,390 | € 2,450 | 2,212 |
Nigeria Government [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Proportion of ownership interest in property | 50.00% | ||
Shell [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Proportion of ownership interest in property | 50.00% | ||
Zohr asset in Egypt [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Disposals Property Plant And Equipment | € 1,328 | ||
Percentage of interest sold | 40.00% | ||
Gains On Disposals Of Property Plant And Equipment | € 1,281 | ||
Zohr [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Non current Assets Or Disposal Groups Classified As Held For Sale | € 1,488 | ||
Percentage of business entity | 40.00% | ||
Proceeds From Disposal Of Non current Assets Or Disposal Groups Classified As Held For Sale And Discontinued Operations | € 1,328 | ||
Bottom Of Range [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Interest rates used for capitalizing finance expense | 1.60% | 2.70% | |
Top Of Range [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Interest rates used for capitalizing finance expense | 2.70% | 5.30% | |
Exploration & Production Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Borrowing costs capitalised | € 90 | ||
Write-Off of tangible assets | 237 | € 93 | |
Provision for decommissioning, restoration and rehabilitation costs | 355 | 665 | |
Property plant and equipment | 56,833 | 64,428 | |
Exploration & Production Segment [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property plant and equipment | 95,775 | 101,131 | |
Refining & Marketing and Chemical segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Recognised finance lease as assets | 29 | 29 | |
Property plant and equipment | 4,929 | 4,642 | |
Refining & Marketing and Chemical segment [Member] | Accumulated impairment [member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Property plant and equipment | 19,625 | 19,477 | |
Exploration Production Segment [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Write-Off of tangible assets | (230) | (88) | |
Provision for decommissioning, restoration and rehabilitation costs | 7,649 | ||
Reclassifications of property plant and equipment | (9,938) | (15,932) | |
Property plant and equipment | 10,840 | 17,040 | 24,307 |
Exploration Production Segment [Member] | Well and installments in progress [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Write-Off of tangible assets | (2) | (6) | |
Reversal of impairment loss recognised in profit or loss, property, plant and equipment | (111) | ||
Reclassifications of property plant and equipment | (9,538) | (15,699) | |
Property plant and equipment | 6,553 | 11,690 | 19,458 |
Exploration Production Segment [Member] | Unproved Mineral Interest [Member] | |||
DisclosureOfPropertyPlantAndEquipmentExplanatoryLineItems [Line Items] | |||
Reclassifications of property plant and equipment | (7) | (35) | |
Property plant and equipment | € 2,390 | € 2,450 | € 2,212 |
Inventory - compulsory stock (D
Inventory - compulsory stock (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfInventoryCompulsoryStockLineItems [Line Items] | ||
Non-current inventories | € 1,283 | € 1,184 |
Italian subsidiaries [Member] | ||
DisclosureOfInventoryCompulsoryStockLineItems [Line Items] | ||
Non-current inventories | € 1,267 | € 1,167 |
Intangible assets (Details)
Intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | € 3,269 | € 3,034 |
Additions | 191 | 113 |
Amortization | (286) | (253) |
Net (impairments) reversals | 18 | 389 |
Write-off | (24) | (61) |
Currency translation differences | (141) | 38 |
Other changes | (102) | 9 |
Net book amount at the end of the year | 2,925 | 3,269 |
Intangible Assets With finite Useful Life [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 1,949 | 1,720 |
Additions | 191 | 113 |
Amortization | (286) | (253) |
Net (impairments) reversals | 18 | 389 |
Write-off | (24) | (61) |
Currency translation differences | (118) | 32 |
Other changes | (9) | 9 |
Net book amount at the end of the year | 1,721 | 1,949 |
Intangible Assets With finite Useful Life [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 8,949 | |
Net book amount at the end of the year | 6,748 | 8,949 |
Intangible Assets With finite Useful Life [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 7,000 | |
Net book amount at the end of the year | 5,027 | 7,000 |
Intangible Assets With Indefinite Useful Life [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 1,320 | 1,314 |
Currency translation differences | (23) | 6 |
Other changes | (93) | |
Net book amount at the end of the year | 1,204 | 1,320 |
Intangible Exploration And Evaluation Assets [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 1,092 | 735 |
Additions | 91 | 15 |
Amortization | (65) | (18) |
Net (impairments) reversals | 18 | 385 |
Write-off | (24) | (61) |
Currency translation differences | (115) | 36 |
Other changes | (2) | |
Net book amount at the end of the year | 995 | 1,092 |
Intangible Exploration And Evaluation Assets [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 2,216 | |
Net book amount at the end of the year | 1,504 | 2,216 |
Intangible Exploration And Evaluation Assets [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 1,124 | |
Net book amount at the end of the year | 509 | 1,124 |
Copyrights Patents And Other Industrial Property Rights Service And Operating Rights [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 255 | 363 |
Additions | 5 | 6 |
Amortization | (110) | (113) |
Other changes | 32 | (1) |
Net book amount at the end of the year | 182 | 255 |
Copyrights Patents And Other Industrial Property Rights Service And Operating Rights [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 2,462 | |
Net book amount at the end of the year | 2,485 | 2,462 |
Copyrights Patents And Other Industrial Property Rights Service And Operating Rights [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 2,207 | |
Net book amount at the end of the year | 2,303 | 2,207 |
Other concessions, licenses, trademarks and similar items [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 259 | 276 |
Additions | 17 | 26 |
Amortization | (84) | (81) |
Currency translation differences | (1) | |
Other changes | 49 | 38 |
Net book amount at the end of the year | 240 | 259 |
Other concessions, licenses, trademarks and similar items [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 1,467 | |
Net book amount at the end of the year | 1,466 | 1,467 |
Other concessions, licenses, trademarks and similar items [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 1,208 | |
Net book amount at the end of the year | 1,226 | 1,208 |
Service concession arrangement [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 31 | 32 |
Additions | 1 | 1 |
Amortization | (2) | (2) |
Net book amount at the end of the year | 30 | 31 |
Service concession arrangement [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 52 | |
Net book amount at the end of the year | 52 | 52 |
Service concession arrangement [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 21 | |
Net book amount at the end of the year | 22 | 21 |
Service concession arrangement [Member] | Intangible Assets With finite Useful Life [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 31 | 32 |
Additions | 1 | 1 |
Amortization | (2) | (2) |
Net book amount at the end of the year | 30 | 31 |
Intangible Assets Under Development [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 148 | 148 |
Additions | 60 | 49 |
Other changes | (74) | (49) |
Net book amount at the end of the year | 134 | 148 |
Intangible Assets Under Development [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 153 | |
Net book amount at the end of the year | 140 | 153 |
Intangible Assets Under Development [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 5 | |
Net book amount at the end of the year | 6 | 5 |
Other Intangible Assets [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 164 | 166 |
Additions | 17 | 16 |
Amortization | (25) | (39) |
Net (impairments) reversals | 4 | |
Currency translation differences | (2) | (4) |
Other changes | (14) | 21 |
Net book amount at the end of the year | 140 | 164 |
Other Intangible Assets [Member] | Gross carrying amount [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 2,599 | |
Net book amount at the end of the year | 1,101 | 2,599 |
Other Intangible Assets [Member] | Accumulated impairment [member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Net book amount at the beginning of the year | 2,435 | |
Net book amount at the end of the year | € 961 | € 2,435 |
Intangible assets (Details 1)
Intangible assets (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Intangible exploration and evaluation assets | € 995 | € 1,092 | € 735 |
Proved license and leasehold property [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Intangible exploration and evaluation assets | 403 | 497 | |
Unproved license and leasehold property [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Intangible exploration and evaluation assets | 586 | 579 | |
Other mineral interests [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Intangible exploration and evaluation assets | € 6 | € 16 |
Intangible assets (Details 2)
Intangible assets (Details 2) | 12 Months Ended |
Dec. 31, 2017 | |
Intangible Exploration And Evaluation Assets [Member] | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |
Useful lives or amortisation rates intangible assets other than goodwill | UOP - 33 |
Transport rights of natural gas [Member] | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |
Useful lives or amortisation rates intangible assets other than goodwill | 3 |
Other concessions, licenses, trademarks and similar items [Member] | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |
Useful lives or amortisation rates intangible assets other than goodwill | 3 - 33 |
Service concession arrangement [Member] | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |
Useful lives or amortisation rates intangible assets other than goodwill | 20 - 33 |
Other Intangible Assets [Member] | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |
Useful lives or amortisation rates intangible assets other than goodwill | 4 - 20 |
Intangible assets (Details 3)
Intangible assets (Details 3) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | € 1,204 | € 1,320 |
Gas & Power [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 932 | 1,025 |
Exploration & Production [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 179 | 202 |
Refining & Marketing [Member] | ||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | € 93 | € 93 |
Intangible assets (Details Text
Intangible assets (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Intangible exploration and evaluation assets | € 995 | € 1,092 | € 735 |
Concessions licenses trademarks and similar item | 182 | 255 | |
Copyrights, patents and other industrial property rights, service and operating rights | 240 | 259 | |
Intangible assets under development | 134 | 148 | |
Other intangible assets | 140 | 164 | |
Goodwill | 1,204 | 1,320 | |
Increase decrease through other changes intangible assets and goodwill | (102) | 9 | |
Intangible Assets With Indefinite Useful Life [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Increase decrease through other changes intangible assets and goodwill | (93) | ||
Accumulated impairment [member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Goodwill | 2,414 | 2,524 | |
Licenses by Versalis SpA [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Other intangible assets | 37 | 40 | |
Mineral Rights Under Concession [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Other intangible assets | 35 | 41 | |
Internally Generated [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Copyrights, patents and other industrial property rights, service and operating rights | 108 | 235 | |
Intangible assets under development | 78 | 89 | |
Internally Generated [Member] | Eni gas e luce SpA [member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Copyrights, patents and other industrial property rights, service and operating rights | 121 | ||
Transmission Rights for Natural Gas [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Concessions licenses trademarks and similar item | 141 | 223 | |
Signature bonus and licenses [Member] | |||
DisclosureOfIntangibleAssetsExplanatoryLineItems [Line Items] | |||
Additions Other Than Through Business Combinations Intangible Assets Other Than Goodwill | € 91 | € 15 |
Impairment_reversal of tangi138
Impairment/reversal of tangible and intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | € (848) | € (1,067) | € (6,537) |
Reversal of impairment loss recognised in profit or loss | 1,055 | 1,153 | |
Impairment loss (reversal of impairment loss) recognised in profit or loss | 225 | 475 | € (6,534) |
Tangible Asset Other Than Goodwill [Member] | |||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | (848) | (1,067) | |
Reversal of impairment loss recognised in profit or loss | 1,055 | 1,153 | |
Intangible Asset Other Than Goodwill [Member] | |||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | (14) | ||
Reversal of impairment loss recognised in profit or loss | € 32 | € 389 |
Impairment_reversal of tangi139
Impairment/reversal of tangible and intangible assets (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | € (848) | € (1,067) | € (6,537) |
Impairment loss recognized, tax effects | 144 | 283 | |
Impairment loss recognized, net of tax effects | (704) | (784) | |
Property Plant And Equipment [Member] | Exploration & Production [Member] | |||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | (636) | (740) | |
Impairment loss recognized, tax effects | 91 | 216 | |
Impairment loss recognized, net of tax effects | (545) | (524) | |
Property Plant And Equipment [Member] | Gas & Power [Member] | |||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | (56) | 167 | |
Impairment loss recognized, tax effects | 12 | 35 | |
Impairment loss recognized, net of tax effects | (44) | (132) | |
Property Plant And Equipment [Member] | Refining & Marketing and Chemical [Member] | |||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | (131) | (120) | |
Impairment loss recognized, tax effects | 35 | 32 | |
Impairment loss recognized, net of tax effects | (96) | (88) | |
Property Plant And Equipment [Member] | Corporate And Other Activities [Member] | |||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | (25) | (40) | |
Impairment loss recognized, tax effects | 6 | ||
Impairment loss recognized, net of tax effects | € (19) | € (40) |
Impairment_reversal of tangi140
Impairment/reversal of tangible and intangible assets (Details 2) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Statement Line Items [Line Items] | ||
Reversals | € 1,055 | € 1,153 |
Tax effects | (200) | (346) |
Reversals net of the relevant tax effects | 855 | 807 |
Property Plant And Equipment [Member] | Exploration & Production [Member] | ||
Statement Line Items [Line Items] | ||
Reversals | 776 | 1,055 |
Tax effects | (171) | (315) |
Reversals net of the relevant tax effects | 605 | 740 |
Property Plant And Equipment [Member] | Gas & Power [Member] | ||
Statement Line Items [Line Items] | ||
Reversals | 202 | 86 |
Tax effects | (5) | (28) |
Reversals net of the relevant tax effects | 197 | 58 |
Property Plant And Equipment [Member] | Refining & Marketing and Chemical [Member] | ||
Statement Line Items [Line Items] | ||
Reversals | 77 | 12 |
Tax effects | (24) | (3) |
Reversals net of the relevant tax effects | € 53 | € 9 |
Impairment_reversal of tangi141
Impairment/reversal of tangible and intangible assets (Details 3) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | € 1,204 | € 1,320 |
Europe [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 95 | |
Gas & Power [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 932 | 1,025 |
Gas & Power [Member] | Country Of Domicile [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 835 | 835 |
Gas & Power [Member] | Foreign Gas Market [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 97 | 190 |
Gas & Power [Member] | Europe [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | € 95 | € 188 |
Impairment_reversal of tangi142
Impairment/reversal of tangible and intangible assets (Details Textual) € in Millions | 12 Months Ended | |
Dec. 31, 2017EUR (€)$ / bbl | Dec. 31, 2016EUR (€) | |
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Discount rate used in current measurement of fair value less costs of disposal | 0.00% | |
Long Term Assumption, Benchmark Brent Price Previous Estimate | 71.4 | |
Market Capitalisation | € 50,000 | |
Assets (liabilities) | 48,000 | |
Goodwill | 1,204 | € 1,320 |
Amount by which unit's recoverable amount exceeds its carrying amount | € 1,303 | |
Long-term assumption for benchmark brent price | $ / bbl | 72 | |
Decrease in average projected commercial margins Percentage | 65.00% | |
Increase in projected discount rate | 9.70% | |
Nominal Growth Rate | 16.80% | |
Country Of Domicile [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Discount rate used in current measurement of fair value less costs of disposal | 4.60% | |
Europe [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Discount rate used in current measurement of fair value less costs of disposal | 5.20% | |
Goodwill | € 95 | |
Individual Assets Or Cash generating Units [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Reversal of impairment loss | € 776 | |
Bottom Of Range [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Percentage | 5.30% | |
Discount rate applied to cash flow projections | (0.20%) | (0.20%) |
Bottom Of Range [Member] | Individual Assets Or Cash generating Units [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Pre Tax Rate Percentage | 8.60% | |
Top Of Range [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Percentage | 15.80% | |
Discount rate applied to cash flow projections | 2.50% | 2.60% |
Top Of Range [Member] | Individual Assets Or Cash generating Units [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Pre Tax Rate Percentage | 25.60% | |
Oil & Gas and refining busines segment [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Marginal Decrease Percentage | 0.40% | |
Weighted Average Cost of Capital, Percentage | 6.80% | |
Chemical business line [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Marginal Decrease Percentage | 0.50% | |
Weighted Average Cost of Capital, Percentage | 8.50% | |
Gas & Power [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Marginal Decrease Percentage | 0.20% | |
Weighted Average Cost of Capital, Percentage | 6.00% | |
Goodwill | € 932 | € 1,025 |
Gas & Power [Member] | Country Of Domicile [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 835 | 835 |
Gas & Power [Member] | Europe [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | 95 | 188 |
Refining & Marketing business line [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Impairment loss | 130 | |
Gas & Power Segment [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Impairment loss | € 146 | |
Refining activity [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Profitability margin per barrel | 5 | |
Exploration & Production [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Goodwill | € 179 | € 202 |
Exploration & Production [Member] | Individual Assets Or Cash generating Units [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Reversal of impairment loss | 776 | |
Impairment loss | € 636 | |
Disclosure of amount of impairment loss based on which weighted average cost of capital is disclosed | WACC relating to reversals of impairments of more than 100 million | |
Exploration & Production [Member] | Bottom Of Range [Member] | Individual Assets Or Cash generating Units [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Percentage | 5.50% | |
Weighted Average Cost of Capital, Pre Tax Rate Percentage | 8.60% | |
Exploration & Production [Member] | Top Of Range [Member] | Individual Assets Or Cash generating Units [Member] | ||
DisclosureOfImpairmentOfAssetsExplanatoryLineItems [Line Items] | ||
Weighted Average Cost of Capital, Percentage | 13.50% | |
Weighted Average Cost of Capital, Pre Tax Rate Percentage | 25.60% |
Investments (Details)
Investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfInvestmentsLineItems [Line Items] | ||
Book amount at the beginning of the year | € 4,040 | € 2,853 |
Additions and subscriptions | 507 | 1,156 |
Divestments and reimbursements | (462) | (138) |
Share of profit of equity accounted investments | 124 | 77 |
Share of loss of equity-accounted investments | (353) | (370) |
Deduction for dividends | (86) | (100) |
Changes in scope of consolidation | 2 | 569 |
Currency translation differences | (268) | 46 |
Other changes | 7 | (53) |
Book amount at the end of the year | 3,511 | 4,040 |
Joint Ventures Where EntityIs Venturer [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Book amount at the beginning of the year | 2,675 | 1,275 |
Additions and subscriptions | 63 | 1,085 |
Share of profit of equity accounted investments | 49 | 50 |
Share of loss of equity-accounted investments | (340) | (208) |
Deduction for dividends | (41) | (45) |
Changes in scope of consolidation | 564 | |
Currency translation differences | (127) | 12 |
Other changes | 53 | (58) |
Book amount at the end of the year | 2,332 | 2,675 |
Associates [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Book amount at the beginning of the year | 1,197 | 1,403 |
Additions and subscriptions | 444 | 63 |
Divestments and reimbursements | (462) | (138) |
Share of profit of equity accounted investments | 66 | 17 |
Share of loss of equity-accounted investments | (6) | (154) |
Deduction for dividends | (13) | (53) |
Currency translation differences | (128) | 29 |
Other changes | (35) | 30 |
Book amount at the end of the year | 1,063 | 1,197 |
Unconsolidated Structured Entities [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Book amount at the beginning of the year | 168 | 175 |
Additions and subscriptions | 8 | |
Share of profit of equity accounted investments | 9 | 10 |
Share of loss of equity-accounted investments | (7) | (8) |
Deduction for dividends | (32) | (2) |
Changes in scope of consolidation | 2 | 5 |
Currency translation differences | (13) | 5 |
Other changes | (11) | (25) |
Book amount at the end of the year | € 116 | € 168 |
Investments (Details 1)
Investments (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 124 | € 77 |
Deduction For Dividends | (86) | (100) |
Eni BTC Ltd [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 6 | |
Deduction For Dividends | € 27 | |
% of the investment in unconsolidated entities | 100.00% | 100.00% |
Angola LNG Ltd [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 45 | |
% of the investment in associates | 13.60% | 13.60% |
PetroJunin SA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 26 | € 30 |
% of the investment in joint ventures | 40.00% | 40.00% |
United Gas Derivatives Co [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 16 | € 14 |
Deduction For Dividends | € 12 | € 14 |
% of the investment in associates | 33.33% | 33.33% |
Gas Distribution Company of Thessaloniki [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 9 | € 10 |
Deduction For Dividends | € 12 | € 10 |
% of the investment in joint ventures | 49.00% | 49.00% |
PetroSucre SA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Deduction For Dividends | € 30 | |
% of the investment in associates | 26.00% | |
Unimar Llc [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 3 | |
Deduction For Dividends | € 24 | € 16 |
% of the investment in joint ventures | 50.00% | 50.00% |
Other Related Parties [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share Of Profit Of Equity Accounted Investments | € 25 | € 17 |
Deduction For Dividends | € 11 | € 30 |
Investments (Details 2)
Investments (Details 2) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € (353) | € (370) |
Saipem SpA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 101 | € 144 |
% of the investment in joint ventures | 31.00% | 30.76% |
PetroSucre SA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 92 | |
% of the investment in associates | 26.00% | |
Angola LNG Ltd [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 62 | |
% of the investment in associates | 13.60% | 13.60% |
PetroBicentenario SA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 26 | |
% of the investment in joint ventures | 40.00% | |
Cardon IV SA One [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 184 | € 20 |
% of the investment in joint ventures | 50.00% | 50.00% |
Matrica SpA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 17 | € 4 |
% of the investment in joint ventures | 50.00% | 50.00% |
Union Fenosa Gas SA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 28 | |
% of the investment in joint ventures | 50.00% | 50.00% |
Unimar Llc [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
% of the investment in joint ventures | 50.00% | 50.00% |
Other Related Parties [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Share of loss of equity accounted investments | € 23 | € 22 |
Investments (Details 3)
Investments (Details 3) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 3,511 | € 4,040 | € 2,853 | |
Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | 1,063 | 1,197 | ||
Associates [Member] | Other Related Parties [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | [1] | 54 | 53 | |
Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 2,332 | 2,675 | ||
% of the investment in joint ventures | 50.00% | |||
Unconsolidated Structured Entities [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 116 | 168 | € 175 | |
Eni BTC Ltd [Member] | Unconsolidated Structured Entities [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 63 | € 106 | ||
Number of shares held | 34,000,000 | 34,000,000 | ||
% of the investment in unconsolidated entities controlled by Eni | 100.00% | 100.00% | ||
Other Related Parties [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | [1] | € 76 | € 70 | |
Other Related Parties [Member] | Unconsolidated Structured Entities [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | [2] | € 53 | € 62 | |
Union Fenosa Gas SA [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in joint ventures | 50.00% | 50.00% | ||
Union Fenosa Gas SA [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 350 | € 434 | ||
Number of shares held | 273,100 | 273,100 | ||
% of the investment in joint ventures | 50.00% | 50.00% | ||
PetroJunin SA [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in joint ventures | 40.00% | 40.00% | ||
PetroJunin SA [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 210 | € 211 | ||
Number of shares held | 96,084,000 | 96,084,000 | ||
% of the investment in joint ventures | 40.00% | 40.00% | ||
Cardon IV SA [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 197 | |||
Number of shares held | 8,605 | |||
% of the investment in unconsolidated entities controlled by Eni | 50.00% | |||
Gas Distribution Company of Thessaloniki [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in joint ventures | 49.00% | 49.00% | ||
Gas Distribution Company of Thessaloniki [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 137 | € 150 | ||
Number of shares held | 121,092,526 | 130,491,508 | ||
% of the investment in joint ventures | 49.00% | 49.00% | ||
Unimar Llc [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in joint ventures | 50.00% | 50.00% | ||
Unimar Llc [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 42 | |||
Number of shares held | 50 | |||
% of the investment in unconsolidated entities controlled by Eni | 50.00% | |||
PetroBicentenario SA [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in joint ventures | 40.00% | |||
Angola LNG Ltd [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in associates | 13.60% | 13.60% | ||
Angola LNG Ltd [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 802 | € 916 | ||
Number of shares held | 1,483,352,000 | 1,551,760,000 | ||
% of the investment in associates | 13.60% | 13.60% | ||
United Gas Derivatives Co [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in associates | 33.33% | 33.33% | ||
United Gas Derivatives Co [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 82 | € 117 | ||
Number of shares held | 2,600,000 | 950,000 | ||
% of the investment in associates | 33.33% | 33.33% | ||
Novamont SpA [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 71 | € 77 | ||
Number of shares held | 6,667 | 6,667 | ||
% of the investment in associates | 25.00% | 25.00% | ||
AET Raffineriebeteiligungsgesellschaft mbH [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 34 | |||
Number of shares held | 1 | |||
% of the investment in associates | 33.33% | |||
AET Raffineriebeteiligungsgesellschaft mbH [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 32 | |||
Number of shares held | 1 | |||
% of the investment in joint ventures | 33.33% | |||
PetroSucre SA [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
% of the investment in associates | 26.00% | |||
Saipem SpA [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 1,413 | |||
% of the investment in joint ventures | 31.00% | 30.76% | ||
Saipem SpA [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 1,413 | € 1,497 | ||
Number of shares held | 308,767,968 | 3,087,679,689 | ||
% of the investment in joint ventures | 31.00% | 30.76% | ||
Lotte Versalis Elastomers Co Ltd [Member] | Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 114 | € 74 | ||
Number of shares held | 30,179,999 | 19,200,000 | ||
% of the investment in joint ventures | 50.00% | 50.00% | ||
Coral FLNG SA [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 54 | |||
Number of shares held | 2,500,000 | |||
% of the investment in associates | 25.00% | |||
[1] | Mainly refers to arrangements to purchase capacity entitlements at certain regasification facilities in the U.S. (€948 million). | |||
[2] | Each individual amount included herein was lower than €25 million. |
Investments (Details 4)
Investments (Details 4) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Saipem SpA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
% of the investment | 31.00% | 30.76% |
Joint Ventures [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
% of the investment | 50.00% | |
Joint Ventures [Member] | Saipem SpA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Number of shares held | 308,767,968 | 3,087,679,689 |
% of the investment | 31.00% | 30.76% |
Share price | € 3.806 | |
Market value | € 1,175 |
Investments (Details 5)
Investments (Details 5) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | € 13,447 | € 13,896 |
Equity-accounted investments [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | 182 | 151 |
Equity-accounted investments [Member] | Matrica SpA [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | 38 | |
Industria Siciliana Acido Fosforico - ISAF SPA [Member] | Equity-accounted investments [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | 95 | 95 |
VIC CBM Ltd [Member] | Equity-accounted investments [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | 30 | 34 |
PetroBicentenario SA [Member] | Equity-accounted investments [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | 12 | 6 |
Societe Centrale Eletrique du Congo SA[member] | Equity-accounted investments [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | 6 | 7 |
Other Related Parties [Member] | Equity-accounted investments [Member] | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||
Other non-current provisions | € 1 | € 9 |
Investments (Details 6)
Investments (Details 6) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | € 276 | € 660 | |
Additions and subscriptions | 3 | 8 | |
Divestments and reimbursements | (19) | (399) | |
Currency translation differences | (23) | 4 | |
Other changes | (18) | 3 | |
Net book amount at the Ending of the year | 219 | 276 | |
Gross carrying amount [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 280 | ||
Net book amount at the Ending of the year | 227 | 280 | |
Accumulated impairment [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 4 | ||
Net book amount at the Ending of the year | 8 | 4 | |
Associates [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 10 | 10 | |
Additions and subscriptions | 3 | ||
Currency translation differences | (1) | (2) | |
Other changes | (4) | (1) | |
Net book amount at the Ending of the year | 5 | 10 | |
Associates [Member] | Gross carrying amount [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 10 | ||
Net book amount at the Ending of the year | 5 | 10 | |
Other Related Parties [Member] | At Fair Value [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 368 | ||
Divestments and reimbursements | (368) | ||
Other Related Parties [Member] | At Cost [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 237 | 257 | |
Additions and subscriptions | 3 | ||
Divestments and reimbursements | (13) | (31) | |
Currency translation differences | (22) | 6 | |
Other changes | (5) | 5 | |
Net book amount at the Ending of the year | 200 | 237 | |
Other Related Parties [Member] | At Cost [Member] | Gross carrying amount [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 240 | ||
Net book amount at the Ending of the year | 207 | 240 | |
Other Related Parties [Member] | At Cost [Member] | Accumulated impairment [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 3 | ||
Net book amount at the Ending of the year | 7 | 3 | |
Unconsolidated Structured Entities [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | [1] | 29 | |
Net book amount at the Ending of the year | [1] | 14 | 29 |
Unconsolidated Structured Entities [Member] | Total entity's for related parties [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 29 | 25 | |
Additions and subscriptions | 5 | ||
Divestments and reimbursements | (6) | ||
Other changes | (9) | (1) | |
Net book amount at the Ending of the year | 14 | 29 | |
Unconsolidated Structured Entities [Member] | Total entity's for related parties [Member] | Gross carrying amount [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 30 | ||
Net book amount at the Ending of the year | 15 | 30 | |
Unconsolidated Structured Entities [Member] | Total entity's for related parties [Member] | Accumulated impairment [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Net book amount at the beginning of the year | 1 | ||
Net book amount at the Ending of the year | € 1 | € 1 | |
[1] | Each individual amount included herein was lower than €25 million. |
Investments (Details 7)
Investments (Details 7) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 219 | € 276 | € 660 | |
Other entity [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | [1] | 69 | 76 | |
Other investments [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | 200 | 237 | ||
Other investments [Member] | Nigeria LNG Ltd [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 99 | € 112 | ||
Number of shares held | 118,373 | 118,373 | ||
(%) of the investment | 10.40% | 10.40% | ||
Other investments [Member] | Darwin LNG Pty Ltd [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 32 | € 49 | ||
Number of shares held | 213,995,164 | 213,995,164 | ||
(%) of the investment | 10.99% | 10.99% | ||
Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | € 5 | € 10 | € 10 | |
Unconsolidated Structured Entities [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Net carrying amount | [1] | € 14 | € 29 | |
[1] | Each individual amount included herein was lower than €25 million. |
Investments (Details Textual)
Investments (Details Textual) € in Millions | 12 Months Ended | ||
Dec. 31, 2017EUR (€)MMBoe | Dec. 31, 2016EUR (€) | Dec. 31, 2015EUR (€) | |
DisclosureOfInvestmentsLineItems [Line Items] | |||
Additions and subscriptions in investments accounted for using equity method | € 507 | € 1,156 | |
Divestments and reimbursement in investments accounted for using equity method | (462) | (138) | |
Increase (decrease) in investments using equity method resulting from other changes | 7 | (53) | |
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | 70 | ||
Investments other than investments accounted for using equity method | 219 | 276 | € 660 |
Capital reimbursement in investments accounted for using equity method | 165 | ||
Investments accounted for using equity method | 3,511 | 4,040 | 2,853 |
Share Of Loss Of Equity Accounted Investments | (353) | (370) | |
Currency Translation Differences | 268 | ||
Other long-term provisions | 13,447 | 13,896 | |
Carrying amounts before valuation allowance | 2,000 | ||
Equity-accounted investments [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Other long-term provisions | 182 | 151 | |
US Dollars denominated [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Currency Translation Differences | 189 | ||
Investments accounted for using equity method [member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Impairment Loss | € 758 | ||
Area 4 in Mozambique [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Percentage of divestment and reimbursement in investments accounted for using equity method | 50.00% | ||
Associates [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments other than investments accounted for using equity method | € 5 | 10 | € 10 |
Investments accounted for using equity method | 1,063 | 1,197 | |
Joint Ventures [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | 2,332 | 2,675 | |
Saipem SpA [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | 1,413 | ||
Share Of Loss Of Equity Accounted Investments | € 101 | 144 | |
Excess of market capitalization rate | 20.00% | ||
Saipem SpA [Member] | Joint Ventures [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | € 1,413 | 1,497 | |
Angola LNG Ltd [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Capital reimbursement in investments accounted for using equity method | 48 | ||
Share Of Loss Of Equity Accounted Investments | 62 | ||
Angola LNG Ltd [Member] | Associates [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | 802 | 916 | |
Union Fenosa Gas SA [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Increase (decrease) in investments using equity method resulting from other changes | 35 | 84 | |
Share Of Loss Of Equity Accounted Investments | 28 | ||
Union Fenosa Gas SA [Member] | Joint Ventures [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | 27 | ||
Investments accounted for using equity method | 350 | 434 | |
Novamont SpA [Member] | Associates [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | 43 | ||
Investments accounted for using equity method | 71 | 77 | |
Coral FLNG SA [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Additions and subscriptions in investments accounted for using equity method | € 443 | ||
Percentage of divestment and reimbursement in investments accounted for using equity method | 25.00% | ||
Disposals of investments accounted for using equity method | € 222 | ||
Coral FLNG SA [Member] | Associates [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | 54 | ||
Lotte Versalis Elastomers Co Ltd [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Additions and subscriptions in investments accounted for using equity method | 45 | ||
Lotte Versalis Elastomers Co Ltd [Member] | Joint Ventures [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | 114 | 74 | |
United Gas Derivatives Co [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Capital reimbursement in investments accounted for using equity method | 27 | ||
United Gas Derivatives Co [Member] | Associates [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Investments accounted for using equity method | € 82 | € 117 | |
Perla offshore gas field [Member] | |||
DisclosureOfInvestmentsLineItems [Line Items] | |||
Barrels of oil equivalent undeveloped reserves reclassified from proved to unproved | MMBoe | 315 |
Other financial assets (Details
Other financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | ||
Other non-current financial assets | € 1,675 | € 1,860 |
Financing receivables held for operating purposes [Member] | ||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | ||
Other non-current financial assets | 1,602 | 1,785 |
Securities held for operating purposes [Member] | ||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | ||
Other non-current financial assets | € 73 | € 75 |
Other financial assets (Deta153
Other financial assets (Details 1) - Other Noncurrent Financial Assets [Member] € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Carrying amount, Beginning of period | € 480 |
Additions | 211 |
Currency translation differences | (49) |
Other changes | (2) |
Carrying amount, end of period | € 640 |
Other financial assets (Deta154
Other financial assets (Details 2) - Securities held for operating purposes [Member] € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 73 |
Nominal Amount | 71 |
Financial assets, at fair value | 74 |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Italy [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | 24 |
Nominal Amount | 25 |
Financial assets, at fair value | € 26 |
Financial Assets, Maturity Date | from 2018 to 2025 |
External rating by moody's, grade | Baa2 |
External rating by SP, grade | BBB- |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Italy [Member] | Bottom Of Range [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial Assets, Nominal Rate Of Return | 0.35% |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Italy [Member] | Top Of Range [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial Assets, Nominal Rate Of Return | 4.75% |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Spain [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 15 |
Nominal Amount | 14 |
Financial assets, at fair value | € 15 |
Financial Assets, Maturity Date | from 2019 to 2020 |
External rating by moody's, grade | Baa2 |
External rating by SP, grade | BBB+ |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Spain [Member] | Bottom Of Range [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial Assets, Nominal Rate Of Return | 1.40% |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Spain [Member] | Top Of Range [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial Assets, Nominal Rate Of Return | 4.30% |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Ireland [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 9 |
Nominal Amount | 8 |
Financial assets, at fair value | € 9 |
Financial Assets, Nominal Rate Of Return | 4.50% |
Financial Assets, Maturity Date | 2,018 |
External rating by moody's, grade | A2 |
External rating by SP, grade | A+ |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Iceland [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 3 |
Nominal Amount | 3 |
Financial assets, at fair value | € 3 |
Financial Assets, Nominal Rate Of Return | 2.50% |
Financial Assets, Maturity Date | 2,020 |
External rating by moody's, grade | A3 |
External rating by SP, grade | A |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Poland [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 2 |
Nominal Amount | 2 |
Financial assets, at fair value | € 2 |
Financial Assets, Nominal Rate Of Return | 4.20% |
Financial Assets, Maturity Date | 2,020 |
External rating by moody's, grade | A2 |
External rating by SP, grade | BBB+ |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Slovenia [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 2 |
Nominal Amount | 2 |
Financial assets, at fair value | € 2 |
Financial Assets, Nominal Rate Of Return | 4.13% |
Financial Assets, Maturity Date | 2,020 |
External rating by moody's, grade | Baa1 |
External rating by SP, grade | A+ |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Belgium [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 2 |
Nominal Amount | 2 |
Financial assets, at fair value | € 2 |
Financial Assets, Nominal Rate Of Return | 1.40% |
Financial Assets, Maturity Date | 2,018 |
External rating by moody's, grade | Aa3 |
External rating by SP, grade | AA |
Quoted bonds issued by sovereign states, Floating rate bonds [Member] | Italy [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 12 |
Nominal Amount | 11 |
Financial assets, at fair value | € 11 |
Financial Assets, Maturity Date | from 2018 to 2019 |
External rating by moody's, grade | Baa2 |
External rating by SP, grade | BBB |
Quoted bonds issued by sovereign states [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | € 69 |
Nominal Amount | 67 |
Financial assets, at fair value | 70 |
European Investment Bank Bonds [Member] | |
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |
Financial assets at amortised cost | 4 |
Nominal Amount | 4 |
Financial assets, at fair value | € 4 |
Financial Assets, Maturity Date | 2,018 |
External rating by moody's, grade | Aaa |
External rating by SP, grade | AAA |
Other financial assets (Deta155
Other financial assets (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Allowance account for credit losses of financial assets | € 2,371 | ||
Other non-current financial assets | € 1,675 | 1,860 | |
Financial assets | [1] | 1,918 | 2,328 |
Additions allowance account for credit losses of trade and other receivables | 927 | ||
Financing Receivables | [1] | 1,918 | 2,328 |
Securities pledged as guarantee of the deposit for gas cylinders | 20 | 20 | |
Exploration & Production [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Financial assets | 109 | ||
Financing Receivables | 109 | ||
Later than Five Years [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | € 1,393 | 1,519 | |
Securities Within Five Years Of Maturity [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Securities maturity period | Five years | ||
Securities amount | € 72 | ||
Currencies Other Than Euros [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | € 1,428 | € 1,606 | |
Top Of Range [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Discount rate applied to cash flow projections | 2.50% | 2.60% | |
Bottom Of Range [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Discount rate applied to cash flow projections | (0.20%) | (0.20%) | |
Financing receivables held for operating purposes [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | € 1,602 | € 1,785 | |
Financing receivables held for operating purposes [Member] | Exploration & Production [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | 1,433 | ||
Financing receivables held for operating purposes [Member] | Gas & Power Segment [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | 96 | ||
Securities held for operating purposes [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | 73 | 75 | |
Financial assets, at fair value | 74 | ||
Securities held for operating purposes [Member] | Sovereign States Bonds [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | 69 | 71 | |
Securities held for operating purposes [Member] | European Investment Bank Bonds [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | 4 | 4 | |
Financial assets, at fair value | € 4 | ||
Gas Sale [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Percentage of entity's revenue | 70.00% | ||
CARDON IV SA [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | € 955 | 1,054 | |
CARDON IV SA [Member] | Exploration Production Segment [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Impairment Loss Recognised In Profit Or Loss Trade Receivables | € 77 | ||
Matrica SpA [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Proportion of ownership interest in joint venture | 50.00% | ||
Impairment loss on financial assets | € 102 | ||
Joint Ventures [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Other non-current financial assets | € 1,214 | 1,350 | |
Proportion of ownership interest in joint venture | 50.00% | ||
Other Noncurrent Financial Assets [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Allowance account for credit losses of financial assets | € 640 | € 480 | |
Additions allowance account for credit losses of trade and other receivables | 211 | ||
Present value [Member] | |||
DisclosureOfFinancialAssetsExplanatoryLineItems [Line Items] | |||
Financial assets, at fair value | € 1,610 | ||
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Deferred tax assets (Details)
Deferred tax assets (Details) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfDeferredTaxesLineItems [Line Items] | |
Deferred tax assets at Dec 31, 2016 | € 3,790 |
Additions | 2,129 |
Deductions | (1,239) |
Currency translation differences | (660) |
Other changes | 58 |
Deferred tax assets at Dec 31, 2017 | 4,078 |
Deferred tax assets [Member] | |
DisclosureOfDeferredTaxesLineItems [Line Items] | |
Deferred tax assets at Dec 31, 2016 | 9,412 |
Additions | 2,341 |
Deductions | (1,588) |
Currency translation differences | (862) |
Other changes | 37 |
Deferred tax assets at Dec 31, 2017 | 9,340 |
Provisions for impairments [Member] | |
DisclosureOfDeferredTaxesLineItems [Line Items] | |
Deferred tax assets at Dec 31, 2016 | (5,622) |
Additions | (212) |
Deductions | 349 |
Currency translation differences | 202 |
Other changes | 21 |
Deferred tax assets at Dec 31, 2017 | € (5,262) |
Deferred tax assets (Details Te
Deferred tax assets (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfDeferredTaxesLineItems [Line Items] | ||
Net deferred tax assets | € 4,269 | € 4,286 |
Deferred tax assets | 4,078 | 3,790 |
Italy [Member] | ||
DisclosureOfDeferredTaxesLineItems [Line Items] | ||
Deferred tax assets | € 2,070 | € 1,690 |
Other non-current assets (Detai
Other non-current assets (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Tax receivables from_non-current | € 507 | € 502 |
Other receivables_related to divestments | 118 | 222 |
Other receivables_Other non-current | 44 | 52 |
Other receivables_non-current | 162 | 274 |
Non-current derivative financial assets | 80 | 108 |
Other non-current assets, other assets | 574 | 464 |
Other non-current assets | 1,323 | 1,348 |
Italian tax authorities [Member] | ||
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Non-current_Income tax | 62 | 73 |
Non-current_Interest on tax credits | 64 | 64 |
Non-current tax receivables from Italian tax authorities | 126 | 137 |
Non-Italian tax authorities [Member] | ||
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Non-current tax receivables from non-Italian tax authorities | € 381 | € 365 |
Other non-current assets (De159
Other non-current assets (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Current receivables from sale of properties | € 118 | € 222 |
Long term portion of receivable from sale of properties | € 111 | 133 |
Ownership Percentage In Project | 10.00% | |
Other non current assets, other assets | € 574 | 464 |
Deferred Cost [Member] | ||
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Other non current assets, other assets | 56 | € 113 |
Deferred Cost [Member] | Nigeria [Member] | ||
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Impairment loss | 44 | |
Accumulated provisions for impairments | € 125 |
Short-term debt (Details)
Short-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Statement Table | ||
Commercial papers | € 1,664 | € 2,738 |
Banks | 201 | 155 |
Other financial institutions | 377 | 503 |
Short-term Debt | € 2,242 | € 3,396 |
Short-term debt (Details 1)
Short-term debt (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfShorttermDebtLineItems [Line Items] | ||
Short-term Debt | € 2,242 | € 3,396 |
Euro [Member] | ||
DisclosureOfShorttermDebtLineItems [Line Items] | ||
Short-term Debt | 904 | 1,405 |
U.S. dollar [Member] | ||
DisclosureOfShorttermDebtLineItems [Line Items] | ||
Short-term Debt | 1,329 | 1,982 |
Other currencies [Member] | ||
DisclosureOfShorttermDebtLineItems [Line Items] | ||
Short-term Debt | € 9 | € 9 |
Short-term debt (Details Textua
Short-term debt (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfShorttermDebtLineItems [Line Items] | |||
Decrease In Current Borrowings | € 1,154 | ||
Cash flows from (used in) increase (decrease) in current borrowings | (581) | € (2,645) | € 3,216 |
Foreign exchange gain (loss) | (905) | 676 | € (354) |
Current commercial papers issued and current portion of non-current commercial papers issued | 1,664 | 2,738 | |
Undrawn borrowing facilities | 5,802 | 6,236 | |
Eni Finance USA Inc [Member] | |||
DisclosureOfShorttermDebtLineItems [Line Items] | |||
Current commercial papers issued and current portion of non-current commercial papers issued | 1,070 | 1,750 | |
Eni Finance International SA [Member] | |||
DisclosureOfShorttermDebtLineItems [Line Items] | |||
Current commercial papers issued and current portion of non-current commercial papers issued | 594 | € 988 | |
Euro Reporting Subsidiaries [Member] | |||
DisclosureOfShorttermDebtLineItems [Line Items] | |||
Foreign exchange gain (loss) | € 574 | ||
Short-Term Debt [Member] | |||
DisclosureOfShorttermDebtLineItems [Line Items] | |||
Borrowings, interest rate | 1.30% | 0.90% | |
Credit Facility One [Member] | |||
DisclosureOfShorttermDebtLineItems [Line Items] | |||
Undrawn borrowing facilities | € 11,584 | € 12,267 |
Trade and other payables (Detai
Trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Trade And Other Payables [Abstract] | ||
Trade payables | € 10,890 | € 11,038 |
Advances | 797 | 526 |
Other payables | ||
- related to capital expenditures | 2,094 | 2,158 |
- others | 2,967 | 2,981 |
Other current payables | 5,061 | 5,139 |
Trade and other current payables | € 16,748 | € 16,703 |
Trade and other payables (De164
Trade and other payables (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Trade And Other Payables [Abstract] | ||
Payables related to capital expenditures due to Suppliers in relation to investing activities | € 1,804 | € 1,835 |
Joint venture partners in exploration and production activities | 264 | 219 |
Other | 26 | 104 |
Other Current Payables Related To Capital Expenditures | 2,094 | 2,158 |
Joint venture partners in exploration and production activities | 1,968 | 2,057 |
Employees | 184 | 180 |
Social security entities | 84 | 94 |
Non-financial government entities | 23 | 6 |
Other | 708 | 644 |
Other Current Payables Related To Others | 2,967 | 2,981 |
Other current payables | € 5,061 | € 5,139 |
Trade and other payables (De165
Trade and other payables (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfTradeAndOtherPayablesExplanatoryLineItems [Line Items] | ||
Current advances received | € 797 | € 526 |
Hydrocarbons [Member] | ||
DisclosureOfTradeAndOtherPayablesExplanatoryLineItems [Line Items] | ||
Current advances received | 180 | |
Exploration & Production Segment [Member] | ||
DisclosureOfTradeAndOtherPayablesExplanatoryLineItems [Line Items] | ||
Current advances received | € 444 | € 153 |
Income tax payable (Details)
Income tax payable (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||
Income tax payable | € 472 | € 426 |
Italian subsidiaries [Member] | ||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||
Income tax payable | 174 | 97 |
Non Italian subsidiaries [Member] | ||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||
Income tax payable | € 298 | € 329 |
Other tax payable (Details)
Other tax payable (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Other Tax Payable [Abstract] | ||
Excise and customs duties | € 824 | € 634 |
Other taxes and duties | 648 | 659 |
Current receivables from taxes other than income tax | € 1,472 | € 1,293 |
Other current liabilities (Deta
Other current liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Other Current Liabilities Details | ||
Fair value of derivatives financial instruments | € 1,011 | € 2,108 |
Other liabilities | 504 | 491 |
Other current liabilities | € 1,515 | € 2,599 |
Other current liabilities (D169
Other current liabilities (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Other Current Liabilities Details | ||
Current accrued expenses and other current liabilities | € 504 | € 491 |
Long Term Agreement For Supplying Natural Gas And Electricity | € 68 | € 73 |
Long-term debt and current p170
Long-term debt and current portion of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Long-term portion | € 20,179 | € 20,564 |
Short-term portion | 2,242 | 3,396 |
Total | 24,707 | 27,239 |
Banks [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Long-term portion | 3,200 | 4,014 |
Short-term portion | 801 | 272 |
Total | 4,001 | 4,286 |
Ordinary bonds [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Long-term portion | 16,520 | 16,044 |
Short-term portion | 1,445 | 2,959 |
Total | 17,965 | 19,003 |
Convertible bonds [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Long-term portion | 387 | 383 |
Total | 387 | 383 |
Other financial institutions [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Long-term portion | 72 | 123 |
Short-term portion | 40 | 48 |
Total | 112 | 171 |
Long-term debt and current portion of long-term debt [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Long-term portion | 20,179 | 20,564 |
Short-term portion | 2,286 | 3,279 |
Total | € 22,465 | € 23,843 |
Long-term debt and current p171
Long-term debt and current portion of long-term debt (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 24,707 | € 27,239 |
Current portion of non-current borrowings | 2,286 | 3,279 |
Non-current portion of non-current borrowings | € 20,179 | 20,564 |
Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 20182032 | |
Borrowings | € 4,001 | |
Non-current portion of non-current borrowings | € 3,200 | |
Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 20182043 | |
Borrowings | € 17,965 | 19,003 |
Non-current portion of non-current borrowings | € 16,520 | |
Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 20182032 | |
Borrowings | € 112 | |
Non-current portion of non-current borrowings | € 72 | |
Convertible bonds issued {Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,022 | |
Borrowings | € 387 | |
Non-current portion of non-current borrowings | 387 | |
Long-term debt and current portion of long-term debt [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | 22,465 | 23,843 |
Non-current portion of non-current borrowings | 20,179 | € 20,564 |
Not later than one year [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 2,286 | |
Not later than one year [member] | Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 801 | |
Not later than one year [member] | Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 1,445 | |
Not later than one year [member] | Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 40 | |
Later than one year and not later than two years [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 3,821 | |
Later than one year and not later than two years [member] | Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 1,290 | |
Later than one year and not later than two years [member] | Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 2,486 | |
Later than one year and not later than two years [member] | Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 45 | |
Later than two years and not later than three years [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 3,103 | |
Later than two years and not later than three years [member] | Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 729 | |
Later than two years and not later than three years [member] | Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 2,371 | |
Later than two years and not later than three years [member] | Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 3 | |
Later than three years and not later than four years [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 1,278 | |
Later than three years and not later than four years [member] | Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 341 | |
Later than three years and not later than four years [member] | Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 934 | |
Later than three years and not later than four years [member] | Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 3 | |
Later than four years and not later than five years [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 1,230 | |
Later than four years and not later than five years [member] | Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 143 | |
Later than four years and not later than five years [member] | Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 697 | |
Later than four years and not later than five years [member] | Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 3 | |
Later than four years and not later than five years [member] | Convertible bonds issued {Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 387 | |
Later than Five Years [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 10,747 | |
Later than Five Years [Member] | Unsecured Bank Loans Received [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 697 | |
Later than Five Years [Member] | Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | 10,032 | |
Later than Five Years [Member] | Other Borrowings [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Non-current portion of non-current borrowings | € 18 |
Long-term debt and current p172
Long-term debt and current portion of long-term debt (Details 2) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Discount on bond issue and accrued expenses | € 191 | |
Borrowings | 24,707 | € 27,239 |
Ordinary Bonds Issued [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 17,965 | € 19,003 |
Borrowings, maturity | 20182043 | |
Euro Medium Term Notes [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 16,774 | |
Discount on bond issue and accrued expenses | 189 | |
Borrowings | 16,963 | |
Other Bonds [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | 1,000 | |
Discount on bond issue and accrued expenses | 2 | |
Borrowings | 1,002 | |
Eni SpA [Member] | Euro Medium Term Notes One [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | 1,500 | |
Discount on bond issue and accrued expenses | 16 | |
Borrowings | € 1,516 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes One [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,019 | |
Borrowings, interest rate | 4.125% | |
Eni SpA [Member] | Euro Medium Term Notes Two [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,200 | |
Discount on bond issue and accrued expenses | 17 | |
Borrowings | € 1,217 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Two [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,025 | |
Borrowings, interest rate | 3.75% | |
Eni SpA [Member] | Euro Medium Term Notes Three [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,000 | |
Discount on bond issue and accrued expenses | 37 | |
Borrowings | € 1,037 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Three [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,020 | |
Borrowings, interest rate | 4.25% | |
Eni SpA [Member] | Euro Medium Term Notes Four [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,000 | |
Discount on bond issue and accrued expenses | 32 | |
Borrowings | € 1,032 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Four [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,018 | |
Borrowings, interest rate | 3.50% | |
Eni SpA [Member] | Euro Medium Term Notes Five [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,000 | |
Discount on bond issue and accrued expenses | 27 | |
Borrowings | € 1,027 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Five [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,029 | |
Borrowings, interest rate | 3.625% | |
Eni SpA [Member] | Euro Medium Term Notes Six [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,000 | |
Discount on bond issue and accrued expenses | 19 | |
Borrowings | € 1,019 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Six [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,020 | |
Borrowings, interest rate | 4.00% | |
Eni SpA [Member] | Euro Medium Term Notes Seven [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,000 | |
Discount on bond issue and accrued expenses | 8 | |
Borrowings | € 1,008 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Seven [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,023 | |
Borrowings, interest rate | 3.25% | |
Eni SpA [Member] | Euro Medium Term Notes Eight [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 1,000 | |
Discount on bond issue and accrued expenses | 7 | |
Borrowings | € 1,007 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Eight [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,026 | |
Borrowings, interest rate | 1.50% | |
Eni SpA [Member] | Euro Medium Term Notes Nine [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 900 | |
Discount on bond issue and accrued expenses | (6) | |
Borrowings | € 894 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Nine [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,024 | |
Borrowings, interest rate | 0.625% | |
Eni SpA [Member] | Euro Medium Term Notes Ten [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 800 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 801 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Ten [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,021 | |
Borrowings, interest rate | 2.625% | |
Eni SpA [Member] | Euro Medium Term Notes Eleven [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 800 | |
Discount on bond issue and accrued expenses | (2) | |
Borrowings | € 798 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Eleven [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,028 | |
Borrowings, interest rate | 1.625% | |
Eni SpA [Member] | Euro Medium Term Notes Twevle [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 750 | |
Discount on bond issue and accrued expenses | 13 | |
Borrowings | € 763 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Twevle [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,019 | |
Borrowings, interest rate | 3.75% | |
Eni SpA [Member] | Euro Medium Term Notes Thirteen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 750 | |
Discount on bond issue and accrued expenses | 7 | |
Borrowings | € 757 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Thirteen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,024 | |
Borrowings, interest rate | 1.75% | |
Eni SpA [Member] | Euro Medium Term Notes Fourteen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 750 | |
Discount on bond issue and accrued expenses | 4 | |
Borrowings | € 754 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Fourteen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,027 | |
Borrowings, interest rate | 1.50% | |
Eni SpA [Member] | Euro Medium Term Notes Fifteen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 700 | |
Borrowings | € 700 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Fifteen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,022 | |
Borrowings, interest rate | 0.75% | |
Eni SpA [Member] | Euro Medium Term Notes Sixteen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 650 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 649 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Sixteen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,025 | |
Borrowings, interest rate | 1.00% | |
Eni SpA [Member] | Other bonds One [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 375 | |
Discount on bond issue and accrued expenses | 3 | |
Borrowings | € 378 | |
Borrowings, original currency | USD | |
Eni SpA [Member] | Other bonds One [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,020 | |
Borrowings, interest rate | 4.15% | |
Eni SpA [Member] | Other bonds Two [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 292 | |
Borrowings | € 292 | |
Borrowings, original currency | USD | |
Eni SpA [Member] | Other bonds Two [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,040 | |
Borrowings, interest rate | 5.70% | |
Eni SpA [Member] | Euro Medium Term Notes Seventeen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 600 | |
Discount on bond issue and accrued expenses | (6) | |
Borrowings | € 594 | |
Borrowings, original currency | EUR | |
Eni SpA [Member] | Euro Medium Term Notes Seventeen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,028 | |
Borrowings, interest rate | 1.125% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Eighteen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 507 | |
Discount on bond issue and accrued expenses | 15 | |
Borrowings | € 522 | |
Borrowings, original currency | GBP | |
Eni Finance International SA [Member] | Euro Medium Term Notes Eighteen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,021 | |
Borrowings, interest rate | 6.125% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Eighteen [Member] | Bottom Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,018 | |
Borrowings, interest rate | 4.75% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Nineteen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 295 | |
Discount on bond issue and accrued expenses | 3 | |
Borrowings | € 298 | |
Borrowings, original currency | EUR | |
Eni Finance International SA [Member] | Euro Medium Term Notes Nineteen [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,043 | |
Borrowings, interest rate | 5.441% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Nineteen [Member] | Bottom Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,028 | |
Borrowings, interest rate | 3.875% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 155 | |
Discount on bond issue and accrued expenses | 1 | |
Borrowings | € 156 | |
Borrowings, original currency | YEN | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,037 | |
Borrowings, interest rate | 2.81% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty [Member] | Bottom Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,019 | |
Borrowings, interest rate | 1.955% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty One [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 417 | |
Discount on bond issue and accrued expenses | (3) | |
Borrowings | € 414 | |
Borrowings, original currency | USD | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty One [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,026 | |
Eni USA Inc [Member] | Other bonds Three [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 333 | |
Discount on bond issue and accrued expenses | (1) | |
Borrowings | € 332 | |
Borrowings, original currency | USD | |
Eni USA Inc [Member] | Other bonds Three [Member] | Top Of Range [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings, maturity | 2,027 | |
Borrowings, interest rate | 7.30% |
Long-term debt and current p173
Long-term debt and current portion of long-term debt (Details 3) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Discount on bond issue and accrued expenses | € 191 | |
Borrowings | 24,707 | € 27,239 |
Convertible bonds issued {Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | 400 | |
Discount on bond issue and accrued expenses | (13) | |
Borrowings | € 387 | |
Borrowings, maturity | 2,022 | |
Convertible bonds issued {Member] | Eni SpA [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Nominal Amount | € 400 | |
Discount on bond issue and accrued expenses | (13) | |
Borrowings | € 387 | |
Borrowings, original currency | EUR | |
Borrowings, maturity | 2,022 | |
Borrowings, interest rate | 0.00% |
Long-term debt and current p174
Long-term debt and current portion of long-term debt (Details 4) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 24,707 | € 27,239 |
Long-term debt and current portion of long-term debt [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | 22,465 | 23,843 |
Euro [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 20,094 | € 21,545 |
Borrowings, interest rate | 2.40% | 2.70% |
United States of America, Dollars [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 1,694 | € 1,587 |
Borrowings, interest rate | 4.80% | 5.20% |
British Pound [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 521 | € 540 |
Borrowings, interest rate | 5.30% | 5.30% |
Japan, Yen [Member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Borrowings | € 156 | € 171 |
Borrowings, interest rate | 2.60% | 2.60% |
Long-term debt and current p175
Long-term debt and current portion of long-term debt (Details 5) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Fair value of long-term debt | € 23,764 | € 25,358 |
Ordinary bonds [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Fair value of long-term debt | 19,219 | 20,501 |
Convertible bonds [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Fair value of long-term debt | 410 | 435 |
Banks [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Fair value of long-term debt | 4,021 | 4,244 |
Other financial institutions [member] | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||
Fair value of long-term debt | € 114 | € 178 |
Long-term debt and current p176
Long-term debt and current portion of long-term debt (Details 6) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | |||||
A. Cash and cash equivalents | € 7,363 | € 5,674 | € 5,209 | € 6,614 | |
B. Held-for-trading financial assets | [1] | 6,012 | 6,166 | ||
C. Available-for-sale financial assets | [2] | 207 | 238 | ||
D. Liquidity (A+B+C) | 13,582 | 12,078 | |||
E. Financing receivables | 209 | 385 | |||
F. Short-term debt towards banks | 201 | 155 | |||
G. Long-term debt towards banks | 4,001 | 4,286 | |||
H. Bonds | 18,352 | 19,386 | |||
I. Short-term debt towards related parties | 164 | 191 | |||
L. Other short-term liabilities | 1,877 | 3,050 | |||
M. Other long-term liabilities | 112 | 171 | |||
N. Total borrowings (F+G+H+I+L+M) | 24,707 | 27,239 | |||
O. Net borrowings (N-D-E) | 10,916 | 14,776 | |||
Current Assets And Liabilities [Member] | |||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | |||||
A. Cash and cash equivalents | 7,363 | 5,674 | |||
B. Held-for-trading financial assets | 6,012 | 6,166 | |||
C. Available-for-sale financial assets | 207 | 238 | |||
D. Liquidity (A+B+C) | 13,582 | 12,078 | |||
E. Financing receivables | 209 | 385 | |||
F. Short-term debt towards banks | 201 | 155 | |||
G. Long-term debt towards banks | 801 | 272 | |||
H. Bonds | 1,445 | 2,959 | |||
I. Short-term debt towards related parties | 164 | 191 | |||
L. Other short-term liabilities | 1,877 | 3,050 | |||
M. Other long-term liabilities | 40 | 48 | |||
N. Total borrowings (F+G+H+I+L+M) | 4,528 | 6,675 | |||
O. Net borrowings (N-D-E) | (9,263) | (5,788) | |||
Non-current Assets And Liabilities [Member] | |||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | |||||
G. Long-term debt towards banks | 3,200 | 4,014 | |||
H. Bonds | 16,907 | 16,427 | |||
M. Other long-term liabilities | 72 | 123 | |||
N. Total borrowings (F+G+H+I+L+M) | 20,179 | 20,564 | |||
O. Net borrowings (N-D-E) | € 20,179 | € 20,564 | |||
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. | ||||
[2] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). |
Long-term debt and current p177
Long-term debt and current portion of long-term debt (Details 7) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | |
Carrying amount at beginning | € 27,239 |
Cash flows | (1,712) |
Currency translation differences | (810) |
Other non-monetary changes | (10) |
Carrying amount at Ending | 24,707 |
Long-term debt and current portion of long-term debt [member] | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | |
Carrying amount at beginning | 23,843 |
Cash flows | (1,131) |
Currency translation differences | (236) |
Other non-monetary changes | (11) |
Carrying amount at Ending | 22,465 |
Short-term borrowings [member] | |
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | |
Carrying amount at beginning | 3,396 |
Cash flows | (581) |
Currency translation differences | (574) |
Other non-monetary changes | 1 |
Carrying amount at Ending | € 2,242 |
Long-term debt and current p178
Long-term debt and current portion of long-term debt (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Repayments of non-current borrowings | € 2,973 | € 2,323 | € 4,466 | |
Undrawn borrowing facilities | 5,802 | 6,236 | ||
Outstanding Retained undrawn long-term committed borrowing | 750 | |||
Current financial assets at fair value through profit or loss, classified as held for trading | [1] | 6,012 | 6,166 | |
Current financial assets available-for-sale | [2] | 207 | 238 | |
Non-Operating Finance Receivables | 209 | 385 | ||
Borrowings | 24,707 | 27,239 | ||
Decrease in longterm debt, new issuance | 1,842 | |||
Decrease in long term debts | 1,378 | |||
Fair value of long-term debt | € 23,764 | € 25,358 | ||
Bottom Of Range [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Discount rates used to measure fair value of financial debt | (0.20%) | (0.20%) | ||
Top Of Range [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Discount rates used to measure fair value of financial debt | 2.50% | 2.60% | ||
Eni SpA [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Current financial assets at fair value through profit or loss, classified as held for trading | € 5,793 | € 6,062 | ||
Citibank Europe Plc [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Bank loans received | € 1,664 | 1,953 | ||
Ordinary Bonds Issued [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Borrowings, maturity | 20182043 | |||
Ordinary bonds issued | € 2,199 | |||
Borrowings | 17,965 | 19,003 | ||
New Ordinary Bonds Issued | 1,817 | |||
Ordinary Bonds Issued [Member] | Eni SpA [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Ordinary bonds issued | 1,795 | |||
New Ordinary Bonds Issued | 1,403 | |||
Euro Medium Term Notes [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Borrowings | 16,963 | |||
Notional amount | 20,000 | |||
Issuance of debt notes drawn | 16,800 | |||
Other Bonds [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Borrowings | 1,002 | |||
Long-term debt and current portion of long-term debt [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Borrowings | 22,465 | € 23,843 | ||
Joint Venture And Associates [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Other current financial assets | 236 | |||
Eni Finance International SA [Member] | Ordinary Bonds Issued [Member] | ||||
DisclosureOfBorrowingsExplanatoryLineItems [Line Items] | ||||
Ordinary bonds issued | 404 | |||
New Ordinary Bonds Issued | € 414 | |||
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. | |||
[2] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). |
Provisions for contingencies (D
Provisions for contingencies (Details) € in Millions | 12 Months Ended | |
Dec. 31, 2017EUR (€) | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | € 13,896 | |
New or increased provisions | 1,391 | |
Initial recognition and changes in estimates | 370 | |
Accretion discount | 264 | |
Reversal of utilized provisions | (1,426) | |
Reversal of unutilized provisions | (200) | |
Currency translation differences | (834) | |
Other changes | (14) | |
Carrying amount | 13,447 | |
Provision For Decommissioning Restoration And Rehabilitation Costs [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 8,419 | |
Initial recognition and changes in estimates | 370 | |
Accretion discount | 271 | |
Reversal of utilized provisions | (289) | |
Reversal of unutilized provisions | (10) | |
Currency translation differences | (646) | |
Other changes | 11 | |
Carrying amount | 8,126 | |
Environment Related Provision [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 2,691 | |
New or increased provisions | 217 | |
Accretion discount | (9) | |
Reversal of utilized provisions | (237) | |
Reversal of unutilized provisions | (17) | |
Currency translation differences | (1) | |
Other changes | 9 | |
Carrying amount | 2,653 | |
Legal Proceedings Provision [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 954 | |
New or increased provisions | 567 | |
Accretion discount | 1 | |
Reversal of utilized provisions | (281) | |
Reversal of unutilized provisions | (50) | |
Currency translation differences | (95) | |
Other changes | 11 | |
Carrying amount | 1,107 | |
Provision For Taxes [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 732 | |
New or increased provisions | 162 | |
Reversal of utilized provisions | (225) | |
Reversal of unutilized provisions | (52) | |
Currency translation differences | (66) | |
Other changes | (24) | |
Carrying amount | 527 | |
Loss adjustments and actuarial provisions [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 207 | |
New or increased provisions | 181 | |
Reversal of utilized provisions | (190) | |
Other changes | 7 | |
Carrying amount | 205 | |
Provision for redundancy incentives [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 176 | |
New or increased provisions | 9 | |
Accretion discount | 1 | |
Reversal of utilized provisions | (17) | |
Reversal of unutilized provisions | (32) | |
Other changes | 3 | |
Carrying amount | 140 | |
Onerous Contracts Provision [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 165 | |
Accretion discount | 2 | |
Reversal of utilized provisions | (99) | |
Reversal of unutilized provisions | (1) | |
Currency translation differences | (7) | |
Carrying amount | 60 | |
Provision for losses on investments [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 153 | |
New or increased provisions | 46 | |
Reversal of unutilized provisions | (10) | |
Currency translation differences | (7) | |
Carrying amount | 182 | |
Provision for Oil insurance cover [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 88 | |
Reversal of unutilized provisions | (3) | |
Currency translation differences | (1) | |
Other changes | (8) | |
Carrying amount | 76 | |
Disposal And Restructuring Provision [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 58 | |
New or increased provisions | 16 | |
Reversal of utilized provisions | (13) | |
Other changes | 4 | |
Carrying amount | 65 | |
Miscellaneous Other Provisions [Member] | ||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | ||
Carrying amount | 253 | [1] |
New or increased provisions | 193 | [1] |
Accretion discount | (2) | [1] |
Reversal of utilized provisions | (75) | [1] |
Reversal of unutilized provisions | (25) | [1] |
Currency translation differences | (11) | [1] |
Other changes | (27) | [1] |
Carrying amount | € 306 | [1] |
[1] | Each individual amount included herein was lower than €50 million. |
Provisions for contingencies180
Provisions for contingencies (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Provision for decommissioning, restoration and rehabilitation costs | € 81 | € 118 | € 131 |
Increase (decrease) through change in discount rate, other provisions | 264 | ||
Environment related provision | 2,653 | ||
Legal proceedings provision | 1,107 | ||
Provision for taxes | 527 | ||
Charges for unutilized infrastructures | 99 | ||
Loss adjustments and actuarial provisions [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Loss adjustments and actuarial provisions | 205 | ||
Reinsurance contracts receivable | 157 | ||
Provision for redundancy incentives [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Increase (decrease) through change in discount rate, other provisions | 1 | ||
Provision for redundancy incentives | 140 | ||
Onerous Contracts Provision [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Increase (decrease) through change in discount rate, other provisions | 2 | ||
Onerous contracts provision | 60 | ||
Refining & Marketing [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Environment related provision | 326 | ||
Exploration & Production segment [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Legal proceedings provision | 494 | ||
Provision for taxes | 499 | ||
Gas & Power Segment [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Legal proceedings provision | 457 | ||
Syndial SpA [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Environment related provision | € 2,119 | ||
Bottom Of Range [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Discount rate used in current estimate of value in use | 0.10% | (0.01%) | |
Top Of Range [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Discount rate used in current estimate of value in use | 5.90% | 5.80% | |
Exploration Production Segment [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Provision for decommissioning, restoration and rehabilitation costs | € 7,649 | ||
Oil and natural gas [Member] | |||
DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatoryLineItems [Line Items] | |||
Provision for decommissioning, restoration and rehabilitation costs | 8,126 | ||
Decommissioning costs, Revision of Previous Estimates | 370 | ||
Increase (decrease) through change in discount rate, other provisions | € 271 |
Provisions for employee bene181
Provisions for employee benefits (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Statement Line Items [Line Items] | ||
Provisions for employee benefits | € 1,022 | € 868 |
TFR [Member] | ||
Statement Line Items [Line Items] | ||
Provisions for employee benefits | 284 | 298 |
Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Provisions for employee benefits | 409 | 276 |
FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Provisions for employee benefits | 122 | 124 |
Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Provisions for employee benefits | € 207 | € 170 |
Provisions for employee bene182
Provisions for employee benefits (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | € 868 | |
Present value of benefit liabilities at end of year | 1,022 | € 868 |
TFR [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 298 | |
Interest cost/income | 3 | 6 |
Remeasurements: | (6) | 19 |
- actuarial (gains) losses due to changes in demographic assumptions | (2) | |
- actuarial (gains) losses due to changes in financial assumptions | (5) | 11 |
- experience (gains) losses | (1) | 10 |
Present value of benefit liabilities at end of year | 284 | 298 |
Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 276 | |
Current cost | 24 | 28 |
Interest cost/income | 9 | 14 |
Return on plan assets | (12) | (42) |
Remeasurements: | 42 | (20) |
- actuarial (gains) losses due to changes in demographic assumptions | (14) | (2) |
- actuarial (gains) losses due to changes in financial assumptions | 71 | 30 |
- experience (gains) losses | (3) | (6) |
Past service cost and (gains) losses settlements | (1) | (4) |
Present value of benefit liabilities at end of year | 409 | 276 |
FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 124 | |
Current cost | 2 | 2 |
Interest cost/income | 2 | 3 |
Remeasurements: | (1) | (17) |
- actuarial (gains) losses due to changes in demographic assumptions | (1) | |
- actuarial (gains) losses due to changes in financial assumptions | (2) | |
- experience (gains) losses | (1) | (14) |
Past service cost and (gains) losses settlements | 2 | |
Present value of benefit liabilities at end of year | 122 | 124 |
Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 170 | |
Current cost | 54 | 56 |
Interest cost/income | 1 | 1 |
Remeasurements: | 2 | |
- actuarial (gains) losses due to changes in demographic assumptions | 1 | |
- actuarial (gains) losses due to changes in financial assumptions | 1 | |
Past service cost and (gains) losses settlements | 30 | (3) |
Present value of benefit liabilities at end of year | 207 | 170 |
Present Value Of Defined Benefit Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 1,487 | 1,830 |
Current cost | 80 | 86 |
Interest cost/income | 35 | 44 |
Remeasurements: | 50 | 25 |
- actuarial (gains) losses due to changes in demographic assumptions | (14) | (7) |
- actuarial (gains) losses due to changes in financial assumptions | 69 | 41 |
- experience (gains) losses | (5) | (9) |
Past service cost and (gains) losses settlements | 29 | (8) |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (89) | (78) |
Reclassification to asset held for sale | (14) | |
Changes in the scope of consolidation | (20) | |
Currency translation differences and other changes | 51 | (413) |
Present value of benefit liabilities at end of year | 1,610 | 1,487 |
Present Value Of Defined Benefit Obligation [Member] | TFR [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 298 | 281 |
Interest cost/income | 3 | 6 |
Remeasurements: | (6) | 19 |
- actuarial (gains) losses due to changes in demographic assumptions | (2) | |
- actuarial (gains) losses due to changes in financial assumptions | (5) | 11 |
- experience (gains) losses | (1) | 10 |
Benefits paid | (10) | (8) |
Changes in the scope of consolidation | (1) | |
Present value of benefit liabilities at end of year | 284 | 298 |
Present Value Of Defined Benefit Obligation [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 895 | 1,240 |
Current cost | 24 | 28 |
Interest cost/income | 29 | 34 |
Remeasurements: | 54 | 22 |
- actuarial (gains) losses due to changes in demographic assumptions | (14) | (2) |
- actuarial (gains) losses due to changes in financial assumptions | 71 | 30 |
- experience (gains) losses | (3) | (6) |
Past service cost and (gains) losses settlements | (1) | (7) |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (37) | (33) |
Reclassification to asset held for sale | (12) | |
Changes in the scope of consolidation | (15) | |
Currency translation differences and other changes | 59 | (390) |
Present value of benefit liabilities at end of year | 997 | 895 |
Present Value Of Defined Benefit Obligation [Member] | FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 124 | 156 |
Current cost | 2 | 2 |
Interest cost/income | 2 | 3 |
Remeasurements: | (1) | (17) |
- actuarial (gains) losses due to changes in demographic assumptions | (1) | |
- actuarial (gains) losses due to changes in financial assumptions | (2) | |
- experience (gains) losses | (1) | (14) |
Past service cost and (gains) losses settlements | 2 | |
Benefits paid | (5) | (6) |
Changes in the scope of consolidation | (1) | |
Currency translation differences and other changes | 1 | (16) |
Present value of benefit liabilities at end of year | 122 | 124 |
Present Value Of Defined Benefit Obligation [Member] | Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 170 | 153 |
Current cost | 54 | 56 |
Interest cost/income | 1 | 1 |
Remeasurements: | 3 | 1 |
- actuarial (gains) losses due to changes in demographic assumptions | (2) | |
- actuarial (gains) losses due to changes in financial assumptions | 3 | 2 |
- experience (gains) losses | 1 | |
Past service cost and (gains) losses settlements | 30 | (3) |
Benefits paid | (37) | (31) |
Reclassification to asset held for sale | (2) | |
Changes in the scope of consolidation | (3) | |
Currency translation differences and other changes | (9) | (7) |
Present value of benefit liabilities at end of year | 207 | 170 |
Plan Assets [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 619 | 707 |
Interest cost/income | 20 | 20 |
Return on plan assets | 12 | 42 |
Past service cost and (gains) losses settlements | (3) | |
Plan contributions: | 24 | 25 |
- employee contributions | 1 | 1 |
- employer contributions | 23 | 24 |
Benefits paid | (25) | (19) |
Changes in the scope of consolidation | (15) | |
Currency translation differences and other changes | (47) | (153) |
Present value of benefit liabilities at end of year | 588 | 619 |
Plan Assets [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Present value of benefit liabilities at beginning of year | 619 | 707 |
Interest cost/income | 20 | 20 |
Return on plan assets | 12 | 42 |
Past service cost and (gains) losses settlements | (3) | |
Plan contributions: | 24 | 25 |
- employee contributions | 1 | 1 |
- employer contributions | 23 | 24 |
Benefits paid | (25) | (19) |
Changes in the scope of consolidation | (15) | |
Currency translation differences and other changes | (47) | (153) |
Present value of benefit liabilities at end of year | € 588 | € 619 |
Provisions for employee bene183
Provisions for employee benefits (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Line Items [Line Items] | |||
Employee benefits expense | € 2,951 | € 2,994 | € 3,119 |
Profit and loss [Member] | |||
Statement Line Items [Line Items] | |||
Current cost | 80 | 86 | |
Past service cost and (gains) losses on settlements | 29 | (5) | |
- interest cost on liabilities | 35 | 44 | |
- interest income on plan assets | (20) | (20) | |
Total interest cost (income), net | 15 | 24 | |
Remeasurements for long-term plans | 3 | (1) | |
Employee benefits expense | 127 | 104 | |
Payroll and related cost [Member] | |||
Statement Line Items [Line Items] | |||
Total interest cost (income), net | 1 | 1 | |
Employee benefits expense | 113 | 81 | |
Financial income (expense) [Member] | |||
Statement Line Items [Line Items] | |||
Total interest cost (income), net | 14 | 23 | |
Employee benefits expense | 14 | 23 | |
TFR [Member] | |||
Statement Line Items [Line Items] | |||
- interest cost on liabilities | 3 | 6 | |
Total interest cost (income), net | 3 | 6 | |
Employee benefits expense | 3 | 6 | |
TFR [Member] | Financial income (expense) [Member] | |||
Statement Line Items [Line Items] | |||
Total interest cost (income), net | 3 | 6 | |
Employee benefits expense | 3 | 6 | |
Foreign defined benefit plans [Member] | |||
Statement Line Items [Line Items] | |||
Current cost | 24 | 28 | |
Past service cost and (gains) losses on settlements | (1) | (4) | |
- interest cost on liabilities | 29 | 34 | |
- interest income on plan assets | (20) | (20) | |
Total interest cost (income), net | 9 | 14 | |
Employee benefits expense | 32 | 38 | |
Foreign defined benefit plans [Member] | Payroll and related cost [Member] | |||
Statement Line Items [Line Items] | |||
Employee benefits expense | 23 | 24 | |
Foreign defined benefit plans [Member] | Financial income (expense) [Member] | |||
Statement Line Items [Line Items] | |||
Total interest cost (income), net | 9 | 14 | |
Employee benefits expense | 9 | 14 | |
FISDE and other foreign medical plans [Member] | |||
Statement Line Items [Line Items] | |||
Current cost | 2 | 2 | |
Past service cost and (gains) losses on settlements | 2 | ||
- interest cost on liabilities | 2 | 3 | |
Total interest cost (income), net | 2 | 3 | |
Employee benefits expense | 4 | 7 | |
FISDE and other foreign medical plans [Member] | Payroll and related cost [Member] | |||
Statement Line Items [Line Items] | |||
Employee benefits expense | 2 | 4 | |
FISDE and other foreign medical plans [Member] | Financial income (expense) [Member] | |||
Statement Line Items [Line Items] | |||
Total interest cost (income), net | 2 | 3 | |
Employee benefits expense | 2 | 3 | |
Other benefit plans [Member] | |||
Statement Line Items [Line Items] | |||
Current cost | 54 | 56 | |
Past service cost and (gains) losses on settlements | 30 | (3) | |
- interest cost on liabilities | 1 | 1 | |
Total interest cost (income), net | 1 | 1 | |
Remeasurements for long-term plans | 3 | (1) | |
Employee benefits expense | 88 | 53 | |
Other benefit plans [Member] | Payroll and related cost [Member] | |||
Statement Line Items [Line Items] | |||
Total interest cost (income), net | 1 | 1 | |
Employee benefits expense | € 88 | € 53 |
Provisions for employee bene184
Provisions for employee benefits (Details 3) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Other comprehensive income [Member] | ||
Remeasurements | ||
Actuarial (gains)/losses due to changes in demographic assumptions | € (14) | € (4) |
Actuarial (gains)/losses due to changes in financial assumptions | 66 | 40 |
Experience (gains) losses | (5) | (10) |
Return on plan assets | (12) | (42) |
Gain (loss) on remeasurement, net defined benefit liability (asset) | 35 | (16) |
TFR [Member] | ||
Remeasurements | ||
Actuarial (gains)/losses due to changes in demographic assumptions | (2) | |
Actuarial (gains)/losses due to changes in financial assumptions | (5) | 11 |
Experience (gains) losses | (1) | 10 |
Gain (loss) on remeasurement, net defined benefit liability (asset) | (6) | 19 |
Foreign defined benefit plans [Member] | ||
Remeasurements | ||
Actuarial (gains)/losses due to changes in demographic assumptions | (14) | (2) |
Actuarial (gains)/losses due to changes in financial assumptions | 71 | 30 |
Experience (gains) losses | (3) | (6) |
Return on plan assets | (12) | (42) |
Gain (loss) on remeasurement, net defined benefit liability (asset) | 42 | (20) |
FISDE and other foreign medical plans [Member] | ||
Remeasurements | ||
Actuarial (gains)/losses due to changes in demographic assumptions | (1) | |
Actuarial (gains)/losses due to changes in financial assumptions | (2) | |
Experience (gains) losses | (1) | (14) |
Gain (loss) on remeasurement, net defined benefit liability (asset) | € (1) | (17) |
Other benefit plans [Member] | ||
Remeasurements | ||
Actuarial (gains)/losses due to changes in demographic assumptions | 1 | |
Actuarial (gains)/losses due to changes in financial assumptions | 1 | |
Gain (loss) on remeasurement, net defined benefit liability (asset) | € 2 |
Provisions for employee bene185
Provisions for employee benefits (Details 4) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Statement Line Items [Line Items] | ||
Cash and cash equivalents | € 16 | € 105 |
Equity securities | 48 | 49 |
Debt securities | 329 | 270 |
Real estate | 10 | 11 |
Derivatives | 9 | 1 |
Investment funds | 60 | 65 |
Assets Held By Insurance Company | 16 | 17 |
Other | 100 | 101 |
Total | 588 | 619 |
Level 1 Of Fair Value Hierarchy [Member] | ||
Statement Line Items [Line Items] | ||
Cash and cash equivalents | 16 | 105 |
Equity securities | 48 | 49 |
Debt securities | 329 | 270 |
Real estate | 10 | 11 |
Derivatives | 9 | 1 |
Investment funds | 60 | 65 |
Assets Held By Insurance Company | 13 | 14 |
Other | 100 | 101 |
Total | 585 | 616 |
Level 2 and 3 of fair value hierarchy [member] | ||
Statement Line Items [Line Items] | ||
Assets Held By Insurance Company | 3 | 3 |
Total | € 3 | € 3 |
Provisions for employee bene186
Provisions for employee benefits (Details 5) | Dec. 31, 2017 | Dec. 31, 2016 |
TFR [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 1.50% | 1.00% |
Rate of compensation increase | 2.50% | 2.00% |
Rate of price inflation | 1.50% | 1.00% |
Foreign defined benefit plans [Member] | Bottom Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 0.60% | 0.60% |
Rate of compensation increase | 1.50% | 1.00% |
Rate of price inflation | 0.60% | 0.60% |
Foreign defined benefit plans [Member] | Top Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 15.50% | 17.50% |
Rate of compensation increase | 13.50% | 15.00% |
Rate of price inflation | 14.80% | 13.50% |
FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 1.50% | 1.00% |
Rate of price inflation | 1.50% | 1.00% |
Other benefit plans [Member] | Bottom Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 0.00% | 0.00% |
Other benefit plans [Member] | Top Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 1.50% | 1.00% |
Rate of price inflation | 1.50% | 1.00% |
Provisions for employee bene187
Provisions for employee benefits (Details 6) | Dec. 31, 2017 | Dec. 31, 2016 |
Bottom Of Range [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 0.60% | 0.60% |
Rate of compensation increase | 1.50% | 1.00% |
Rate of price inflation | 0.60% | 0.60% |
Top Of Range [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 15.50% | 17.50% |
Rate of compensation increase | 13.50% | 15.00% |
Rate of price inflation | 14.80% | 13.50% |
Euro area [Member] | Bottom Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 1.50% | 1.00% |
Rate of compensation increase | 1.50% | 1.00% |
Rate of price inflation | 1.50% | 1.00% |
Euro area [Member] | Top Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 1.80% | 2.00% |
Rate of compensation increase | 3.00% | 3.00% |
Rate of price inflation | 1.90% | 1.80% |
Rest of Europe [Member] | Bottom Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 0.60% | 0.60% |
Rate of compensation increase | 2.50% | 2.30% |
Rate of price inflation | 0.60% | 0.60% |
Rest of Europe [Member] | Top Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 2.50% | 2.70% |
Rate of compensation increase | 3.70% | 3.80% |
Rate of price inflation | 3.40% | 3.40% |
Africa [Member] | Bottom Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 3.70% | 3.50% |
Rate of compensation increase | 5.00% | 5.00% |
Rate of price inflation | 3.70% | 3.50% |
Africa [Member] | Top Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 15.50% | 17.50% |
Rate of compensation increase | 13.50% | 15.00% |
Rate of price inflation | 14.80% | 13.50% |
Other areas [Member] | Bottom Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 4.10% | 7.30% |
Rate of compensation increase | 1.50% | 7.80% |
Rate of price inflation | 1.50% | 5.00% |
Other areas [Member] | Top Of Range [Member] | ||
Statement Line Items [Line Items] | ||
Discount rate | 8.00% | 8.10% |
Rate of compensation increase | 10.00% | 10.00% |
Rate of price inflation | 4.80% | 5.50% |
Provisions for employee bene188
Provisions for employee benefits (Details 7) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Top Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | ||
Statement Line Items [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |
Top Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | TFR [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € (13) | € (15) |
Top Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | (72) | (57) |
Top Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | (7) | (7) |
Top Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € (3) | (2) |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Inflation [Member] | ||
Statement Line Items [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Inflation [Member] | TFR [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 9 | 10 |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Inflation [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 24 | 33 |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Inflation [Member] | Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 1 | 1 |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Salary Increases [Member] | ||
Statement Line Items [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Salary Increases [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 20 | 15 |
Top Of Range [Member] | Actuarial Assumption Of Medical Cost Trend Rates [Member] | ||
Statement Line Items [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |
Top Of Range [Member] | Actuarial Assumption Of Medical Cost Trend Rates [Member] | FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 7 | 8 |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Pension Increases [Member] | ||
Statement Line Items [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |
Top Of Range [Member] | Actuarial Assumption Of Expected Rates Of Pension Increases [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 13 | 23 |
Bottom Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | ||
Statement Line Items [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | |
Bottom Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | TFR [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 14 | 16 |
Bottom Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 79 | 66 |
Bottom Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 7 | 8 |
Bottom Of Range [Member] | Actuarial Assumption Of Discount Rates [Member] | Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 1 | € 2 |
Provisions for employee bene189
Provisions for employee benefits (Details 8) € in Millions | 12 Months Ended | |
Dec. 31, 2017EUR (€)yr | Dec. 31, 2016EUR (€)yr | |
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 1,022 | € 868 |
TFR [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 284 | 298 |
TFR [Member] | Not later than one year [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 16 | 13 |
TFR [Member] | Later than one year and not later than two years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 17 | 14 |
TFR [Member] | Later than two years and not later than three years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 18 | 15 |
TFR [Member] | Later than three years and not later than four years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 17 | 17 |
TFR [Member] | Later Than Three Years And Not Later Than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 14 | 19 |
TFR [Member] | Later than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 202 | € 220 |
TFR [Member] | Weighted average duration [Member] | ||
Statement Line Items [Line Items] | ||
Weighted average duration of defined benefit obligation | yr | 10.1 | 10.3 |
Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 409 | € 276 |
Foreign defined benefit plans [Member] | Not later than one year [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 47 | 31 |
Foreign defined benefit plans [Member] | Later than one year and not later than two years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 65 | 44 |
Foreign defined benefit plans [Member] | Later than two years and not later than three years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 70 | 33 |
Foreign defined benefit plans [Member] | Later than three years and not later than four years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 79 | 33 |
Foreign defined benefit plans [Member] | Later Than Three Years And Not Later Than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 84 | 38 |
Foreign defined benefit plans [Member] | Later than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 64 | € 97 |
Foreign defined benefit plans [Member] | Weighted average duration [Member] | ||
Statement Line Items [Line Items] | ||
Weighted average duration of defined benefit obligation | yr | 17.5 | 17.9 |
FISDE and other foreign medical plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 122 | € 124 |
FISDE and other foreign medical plans [Member] | Not later than one year [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 5 | 5 |
FISDE and other foreign medical plans [Member] | Later than one year and not later than two years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 5 | 5 |
FISDE and other foreign medical plans [Member] | Later than two years and not later than three years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 5 | 5 |
FISDE and other foreign medical plans [Member] | Later than three years and not later than four years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 5 | 5 |
FISDE and other foreign medical plans [Member] | Later Than Three Years And Not Later Than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 5 | 5 |
FISDE and other foreign medical plans [Member] | Later than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 97 | € 99 |
FISDE and other foreign medical plans [Member] | Weighted average duration [Member] | ||
Statement Line Items [Line Items] | ||
Weighted average duration of defined benefit obligation | yr | 13.7 | 13.9 |
Other benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 207 | € 170 |
Other benefit plans [Member] | Not later than one year [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 66 | 37 |
Other benefit plans [Member] | Later than one year and not later than two years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 60 | 59 |
Other benefit plans [Member] | Later than two years and not later than three years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 46 | 52 |
Other benefit plans [Member] | Later than three years and not later than four years [member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 8 | 3 |
Other benefit plans [Member] | Later Than Three Years And Not Later Than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 6 | 3 |
Other benefit plans [Member] | Later than Five Years [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 31 | € 42 |
Other benefit plans [Member] | Weighted average duration [Member] | ||
Statement Line Items [Line Items] | ||
Weighted average duration of defined benefit obligation | yr | 3 | 3.4 |
Provisions for employee bene190
Provisions for employee benefits (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 1,022 | € 868 |
Estimate of contributions expected to be paid to plan for next annual reporting period | 123 | |
Exploration Production Segment [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 177 | 60 |
Foreign defined benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 409 | 276 |
Pension Plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 334 | 184 |
Other Long Term benefit Plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 207 | 170 |
Other Long Term benefit Plans [Member] | Gas fund [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 13 | 12 |
Long-term benefit plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 194 | 158 |
Deferred monetary incentive plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 120 | 99 |
jubilee awards [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 22 | 28 |
Long-term incentive plan [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 13 | 14 |
Isopensione [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 28 | |
Foreign Long-term incentive plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | 11 | 17 |
Defined Plans [Member] | ||
Statement Line Items [Line Items] | ||
Estimate of contributions expected to be paid to plan for next annual reporting period | 59 | |
Other long-term plans [Member] | ||
Statement Line Items [Line Items] | ||
Net defined benefit liability (asset) | € 11 | € 17 |
Deferred tax liabilities (Detai
Deferred tax liabilities (Details) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
Disclosure Of Deferred Tax Liabilities [Abstract] | |
Amount at December 31, 2016 | € 6,667 |
Additions | 1,171 |
Deductions | (835) |
Currency translation differences | (1,123) |
Other changes | 20 |
Amount at December 31, 2017 | € 5,900 |
Deferred tax liabilities (De192
Deferred tax liabilities (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure Of Deferred Tax Liabilities [Abstract] | |||
Deferred tax liabilities | € 10,169 | € 10,953 | € 10,780 |
Deferred tax assets available for offset | (4,269) | (4,286) | |
Deferred Tax Liabilities, Net | 5,900 | 6,667 | |
Deferred tax assets not available for offset | (4,078) | (3,790) | |
Net deferred tax liabilities | € 1,822 | € 2,877 | € 3,572 |
Deferred tax liabilities (De193
Deferred tax liabilities (Details 2) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities | € 10,169 | € 10,953 | € 10,780 |
Deferred tax assets, gross | (13,609) | (13,698) | (12,307) |
Impairments of deferred tax assets | 5,262 | 5,622 | |
Deferred tax assets, net | (8,347) | (8,076) | (7,208) |
Net deferred tax liabilities | 1,822 | 2,877 | € 3,572 |
Accelerated Tax Depreciation [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities | 8,323 | 8,899 | |
Difference Between The Fair Value And Carrying Amount of Assets Acquired [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities | 1,106 | 1,269 | |
Site Restoration And Abandonment Tangible Assets [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities | 305 | 348 | |
Application of the Weighted Average Cost Method in Evaluation of Inventories [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities | 70 | 81 | |
Other Deferred Tax Liabilities Gross [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities | 365 | 356 | |
Carry Forward Tax Losses [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (5,240) | (4,722) | |
Site Restoration And Abandonment Provisions For Contingencies [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (2,747) | (2,881) | |
Timing Differences On Depreciation And Amortization [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (2,164) | (2,260) | |
Accruals For Impairment Losses And Provisions For Contingencies [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (1,404) | (1,413) | |
Impairment Losses [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (801) | (906) | |
Over/Underlifting [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (395) | (270) | |
Employee Benefits [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (194) | (163) | |
Unrealized Intercompany Profits [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | (130) | (118) | |
Other Deferred Tax Assets Gross [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets, gross | € (534) | € (965) |
Deferred tax liabilities (De194
Deferred tax liabilities (Details 3) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Deferred Tax Liabilities [Abstract] | ||
Deferred Tax Liabilities Gross | € 10,953 | € 10,780 |
Additions, Deferred Tax Liabilities Gross | 1,171 | 1,796 |
Deductions, Deferred Tax Liabilities Gross | (835) | (1,486) |
Currency Translation Differences, Deferred Tax Liabilities Gross | (1,123) | 229 |
Other Changes, Deferred Tax Liabilities Gross | 3 | (366) |
Deferred Tax Liabilities Gross | 10,169 | 10,953 |
Deferred Tax Assets, Gross | (13,698) | (12,307) |
Additions Deferred Tax Assets Gross | (2,341) | (2,994) |
Deductions Deferred Tax Assets Gross | 1,588 | 1,208 |
Currency Translation Differences Deferred Tax Assets Gross | 862 | (185) |
Other Changes Deferred Tax Assets Gross | (20) | 580 |
Deferred Tax Assets, Gross | (13,609) | (13,698) |
Provision For Impairments Deferred Tax Assets | 5,622 | 5,099 |
Additions Deferred Tax Assets Impairments | 212 | 667 |
Deductions Deferred Tax Assets Impairments | (349) | (254) |
Currency Translation Differences Deferred Tax Assets Impairments | (202) | 80 |
Other Changes Deferred Tax Assets Impairments | (21) | 30 |
Provision For Impairments Deferred Tax Assets | 5,262 | 5,622 |
Deferred Tax Assets, Net of Valuation Allowance | (8,076) | (7,208) |
Additions Deferred Tax Assets Net | (2,129) | (2,327) |
Deductions Deferred Tax Assets Net | 1,239 | 954 |
Currency Translation Differences Deferred Tax Assets Net | 660 | (105) |
Other Changes Deferred Tax Assets Net | (41) | 610 |
Deferred Tax Assets, Net of Valuation Allowance | (8,347) | (8,076) |
Net deferred tax liabilities | 2,877 | 3,572 |
Additions Deferred Tax Liabilities Net | (958) | (531) |
Deductions Deferred Tax Liabilities Net | 404 | (532) |
Currency Translation Differences Deferred Tax Liabilities Net | (463) | 124 |
Other Changes Deferred Tax Liabilities Net | (38) | 244 |
Net deferred tax liabilities | € 1,822 | € 2,877 |
Deferred tax liabilities (De195
Deferred tax liabilities (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liability (asset) | € 4,269 | € 4,286 | |
Net deferred tax liabilities | 1,822 | 2,877 | € 3,572 |
Deferred tax liabilities, net | 5,900 | 6,667 | |
Carry-forward tax losses indefinitely | 13,545 | ||
Deferred tax assets | 4,078 | 3,790 | |
Provision for impairments deferred tax assets | 5,262 | 5,622 | € 5,099 |
Carry-forward tax losses | 17,773 | ||
Deductions deferred tax liabilities, net | 404 | (532) | |
Deferred tax assets impairment | 115 | ||
Unused Tax Losses [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets | 2,421 | € 2,819 | |
Fair Value Measurement Of Derivatives Designated As Cash Flow Hedge [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax liabilities, net | 57 | ||
Revaluation Of Defined Benefit Plans [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Deferred tax assets | 19 | ||
Italian Companies [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Provision for impairments deferred tax assets | 3,947 | ||
Carry-forward tax losses | 10,097 | ||
Foreign Companies [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Provision for impairments deferred tax assets | 1,315 | ||
Carry-forward tax losses | € 7,676 | ||
Italian subsidiaries [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Average effective tax rate | 24.00% | ||
Foreign subsidiaries [Member] | |||
DisclosureOfDeferredTaxLiabilitiesLineItems [Line Items] | |||
Average effective tax rate | 36.70% |
Other non-current liabilitie196
Other non-current liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Other Non-current Liabilities Explanatory [Abstract] | ||
Fair value of derivatives financial instruments | € 91 | € 161 |
Income tax liabilities | 36 | 35 |
Other payables towards tax authorities | 9 | 9 |
Cautionary deposits | 255 | 265 |
Other payables | 45 | 51 |
Other liabilities | 1,043 | 1,247 |
Other non-current liabilities | € 1,479 | € 1,768 |
Other non-current liabilitie197
Other non-current liabilities (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Non-current deposits from customers | € 255 | € 265 |
Other Miscellaneous liabilities Non Current | 1,043 | 1,247 |
Natural gas and electricity [Member] | ||
DisclosureOfOtherNoncurrentLiabilitiesExplanatoryLineItems [Line Items] | ||
Non-current deposits from customers | 215 | 224 |
Non-current advances received | € 584 | € 664 |
Derivative financial instrum198
Derivative financial instruments (Details) € in Millions | Dec. 31, 2017EUR (€)Level | Dec. 31, 2016EUR (€)Level | |
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | [1] | € 2,590 | € 3,637 |
Offsetting | (1,279) | (1,281) | |
Net amount | 1,311 | 2,356 | |
Fair value of derivative financial instruments | 1,231 | 2,248 | |
- non-current | 80 | 108 | |
Derivative financial liabilities | 2,381 | 3,550 | |
Offsetting | (1,279) | (1,281) | |
Net amount | 1,102 | 2,269 | |
Fair value of derivatives financial instruments | 1,011 | 2,108 | |
- non-current | 91 | 161 | |
Non-Hedging Derivatives [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 1,101 | 1,014 | |
Derivative financial liabilities | 1,011 | 1,115 | |
Cash Flow Hedges [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 262 | 310 | |
Derivative financial liabilities | 21 | 168 | |
Option Embedded in Convertible Bonds [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 16 | 46 | |
Derivative financial liabilities | € 16 | € 46 | |
Level of fair value | Level | 2 | 2 | |
Currency Risk [Member] | Non-Hedging Derivatives [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 214 | € 243 | |
Derivative financial liabilities | 136 | 366 | |
Interest Rate Risk [Member] | Non-Hedging Derivatives [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 9 | 10 | |
Derivative financial liabilities | 5 | 12 | |
Commodity Price Risk [Member] | Non-Hedging Derivatives [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 878 | 761 | |
Derivative financial liabilities | 870 | 737 | |
Commodity Price Risk [Member] | Trading Derivatives [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 1,211 | 2,267 | |
Derivative financial liabilities | 1,333 | 2,221 | |
Currency Swap Contract [Member] | Currency Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | 170 | 188 | |
Derivative financial liabilities | € 86 | € 268 | |
Level of fair value | Level | 2 | 2 | |
Interest Rate Swap Contract [Member] | Currency Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 41 | € 38 | |
Derivative financial liabilities | € 45 | € 83 | |
Level of fair value | Level | 2 | 2 | |
Interest Rate Swap Contract [Member] | Interest Rate Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 9 | € 10 | |
Derivative financial liabilities | € 5 | € 12 | |
Level of fair value | Level | 2 | 2 | |
Outright [Member] | Currency Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 3 | € 17 | |
Derivative financial liabilities | € 5 | € 15 | |
Level of fair value | Level | 2 | 2 | |
Futures Contract [Member] | Cash Flow Hedges [Member] | Level 1 Of Fair Value Hierarchy [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 35 | € 1 | |
Derivative financial liabilities | € 18 | ||
Level of fair value | Level | 1 | 1 | |
Futures Contract [Member] | Commodity Price Risk [Member] | Non-Hedging Derivatives [Member] | Level 1 Of Fair Value Hierarchy [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 796 | € 624 | |
Derivative financial liabilities | € 771 | € 611 | |
Level of fair value | Level | 1 | 1 | |
Futures Contract [Member] | Commodity Price Risk [Member] | Trading Derivatives [Member] | Level 1 Of Fair Value Hierarchy [Member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 395 | € 561 | |
Derivative financial liabilities | € 390 | € 574 | |
Level of fair value | Level | 1 | 1 | |
Over the Counter Contract [Member] | Cash Flow Hedges [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 227 | € 309 | |
Derivative financial liabilities | € 21 | € 150 | |
Level of fair value | Level | 2 | 2 | |
Over the Counter Contract [Member] | Commodity Price Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 81 | € 133 | |
Derivative financial liabilities | € 97 | € 120 | |
Level of fair value | Level | 2 | 2 | |
Over the Counter Contract [Member] | Commodity Price Risk [Member] | Trading Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 683 | € 1,495 | |
Derivative financial liabilities | € 829 | € 1,490 | |
Level of fair value | Level | 2 | 2 | |
Option Contract [Member] | Commodity Price Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial liabilities | € 1 | ||
Level of fair value | Level | 2 | ||
Option Contract [Member] | Commodity Price Risk [Member] | Trading Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 133 | € 211 | |
Derivative financial liabilities | € 114 | € 157 | |
Level of fair value | Level | 2 | 2 | |
Other Contract [Member] | Commodity Price Risk [Member] | Non-Hedging Derivatives [Member] | Level 2 of fair value hierarchy [member] | |||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | |||
Derivative financial assets | € 1 | € 4 | |
Derivative financial liabilities | € 2 | € 5 | |
Level of fair value | Level | 2 | 2 | |
[1] | In the profit and loss account, economic effects were recognized as loss within “Other operating income (loss)” for €44 million (income for €17 million in 2016) and as income within “Finance income (expense)” for €837 million (loss for €482 million in 2016). |
Derivative financial instrum199
Derivative financial instruments (Details Textual) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | ||
Options Embedded In Convertible Bonds | € 16 | € 46 |
Financial derivatives set off against financial derivatives subject to offsetting, enforceable master netting arrangements or similar agreements | 1,279 | 1,281 |
Eni Trading & Shipping SPA [Member] | ||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | ||
Financial derivatives set off against financial derivatives subject to offsetting, enforceable master netting arrangements or similar agreements | 1,144 | 1,145 |
Eni Trading & Shipping Inc [Member] | ||
DisclosureOfDerivativeFinancialInstrumentsLineItems [Line Items] | ||
Financial derivatives set off against financial derivatives subject to offsetting, enforceable master netting arrangements or similar agreements | € 135 | € 136 |
Assets held for sale and lia200
Assets held for sale and liabilities directly associated with assets held for sale (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
Liabilities included in disposal groups classified as held for sale | € 87 | |
Tigaz Zrt [Member] | ||
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
% Ownership | 48.55% | 48.55% |
Percentage of Ownership Interest Divested | 98.99% | |
Tigaz dso [Member] | ||
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
% Ownership | 100.00% | |
Current assets or disposal groups classified as held for sale | € 31 | |
Current liabilities included in disposal groups classified as held for sale | 27 | |
Tigaz dso [Member] | Gross carrying amount [member] | ||
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
Non-current assets or disposal groups classified as held for sale | 241 | |
Liabilities included in disposal groups classified as held for sale | 65 | |
Met holding ag [Member] | ||
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
Non-current assets or disposal groups classified as held for sale | 323 | |
Liabilities included in disposal groups classified as held for sale | € 87 | |
Unimar llc [Member] | ||
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
% Ownership | 50.00% | |
Non-current assets or disposal groups classified as held for sale | € 29 | |
Lasmo sanga sanga [Member] | ||
DisclosureOfDiscontinuedOperationsExplanatoryLineItems [Line Items] | ||
% Ownership | 26.25% | |
Non-current assets or disposal groups classified as held for sale | € 53 | |
Current assets or disposal groups classified as held for sale | 37 | |
Current liabilities included in disposal groups classified as held for sale | 10 | |
Liabilities included in disposal groups classified as held for sale | € 22 |
Shareholders' equity (Details)
Shareholders' equity (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | |||
Net profit | € 3 | € 7 | € (595) |
Shareholders' equity | 49 | 49 | |
EniPower Mantova SpA [Member] | |||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | |||
Net profit | 4 | 5 | |
Shareholders' equity | 23 | 21 | |
Adriaplin Doo [Member] | |||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | |||
Net profit | 2 | 2 | |
Shareholders' equity | 14 | 13 | |
Serfactoring SpA [Member] | |||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | |||
Net profit | (3) | ||
Shareholders' equity | € 12 | € 15 |
Shareholders_ equity (Details 1
Shareholders’ equity (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Shareholders Equity Details 1 | ||
Share capital | € 4,005 | € 4,005 |
Legal reserve | 959 | 959 |
Reserve for treasury shares | 581 | 581 |
Reserve related to the fair value of cash flow hedging derivatives net of the tax effect | 183 | 189 |
Reserve related to the fair value of available-for-sale securities net of the tax effect | 4 | |
Reserve related to the defined benefit plans net of tax effect | (114) | (112) |
Other reserves | 280 | 211 |
Cumulative currency translation differences | 4,818 | 10,319 |
Treasury shares | 581 | 581 |
Retained earnings | 35,966 | 40,367 |
Interim dividend | (1,441) | (1,441) |
Net profit (loss) for the year | 3,374 | (1,464) |
Equity attributable to owners of parent | € 48,030 | € 53,037 |
Shareholders_ equity (Details 2
Shareholders’ equity (Details 2) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | € 81 | € (567) |
Changes of the year | (53) | 248 |
Foreign currency translation differences | 2 | 8 |
Reversal of the year | 39 | 392 |
Reserve at end of the period | 69 | 81 |
Gross Reserve [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | 152 | (739) |
Changes of the year | (97) | 373 |
Foreign currency translation differences | (1) | (4) |
Reversal of the year | 53 | 522 |
Reserve at end of the period | 107 | 152 |
Deferred Tax Liabilities [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | (71) | 172 |
Changes of the year | 44 | (125) |
Foreign currency translation differences | 3 | 12 |
Reversal of the year | (14) | (130) |
Reserve at end of the period | (38) | (71) |
Reserve of cash flow hedges [member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | 189 | (474) |
Changes of the year | (45) | 270 |
Reversal of the year | 39 | 393 |
Reserve at end of the period | 183 | 189 |
Reserve of cash flow hedges [member] | Gross Reserve [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | 246 | (637) |
Changes of the year | (59) | 360 |
Reversal of the year | 53 | 523 |
Reserve at end of the period | 240 | 246 |
Reserve of cash flow hedges [member] | Deferred Tax Liabilities [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | (57) | 163 |
Changes of the year | 14 | (90) |
Reversal of the year | (14) | (130) |
Reserve at end of the period | (57) | (57) |
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | 4 | 8 |
Changes of the year | (4) | (3) |
Reversal of the year | (1) | |
Reserve at end of the period | 4 | |
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | Gross Reserve [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | 5 | 9 |
Changes of the year | (5) | (3) |
Reversal of the year | (1) | |
Reserve at end of the period | 5 | |
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | Deferred Tax Liabilities [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | (1) | (1) |
Changes of the year | 1 | |
Reserve at end of the period | (1) | |
Reserve of remeasurements of defined benefit plans [member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | (112) | (101) |
Changes of the year | (4) | (19) |
Foreign currency translation differences | 2 | 8 |
Reserve at end of the period | (114) | (112) |
Reserve of remeasurements of defined benefit plans [member] | Gross Reserve [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | (99) | (111) |
Changes of the year | (33) | 16 |
Foreign currency translation differences | (1) | (4) |
Reserve at end of the period | (133) | (99) |
Reserve of remeasurements of defined benefit plans [member] | Deferred Tax Liabilities [Member] | ||
DisclosureOfClassesOfShareCapitalExplanatoryLineItems [Line Items] | ||
Reserve at beginning of the period | (13) | 10 |
Changes of the year | 29 | (35) |
Foreign currency translation differences | 3 | 12 |
Reserve at end of the period | € 19 | € (13) |
Shareholders_ equity (Details 3
Shareholders’ equity (Details 3) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Disclosure of classes of share capital [abstract] | ||||
Net Profit As Recorded in Eni Spa Financial Statements | € 3,586 | € 4,521 | ||
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Net profit | (466) | (5,480) | ||
- difference between purchase cost and underlying carrying amounts of net equity, Net profit | (1) | (44) | ||
- adjustments to comply with Group account policies, Net profit | 202 | (188) | ||
- elimination of unrealized intercompany profits, Net profit | (88) | (56) | ||
- deferred taxation, Net profit | 144 | (210) | ||
Net profit | 3,377 | (1,457) | € (9,373) | |
Non-controlling interest, Net profit | 3 | 7 | (595) | |
As recorded in Consolidated Financial Statements, Net profit | 3,374 | (1,464) | (8,778) | |
As recorded in Eni SpA's Financial Statements, Shareholders' equity | 42,529 | 41,935 | ||
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Shareholders' equity | 6,110 | 12,384 | ||
- difference between purchase cost and underlying carrying amounts of net equity, Shareholders' equity | 145 | 240 | ||
- adjustments to comply with Group account policies, Shareholders' equity | 719 | 461 | ||
- elimination of unrealized intercompany profits, Shareholders' equity | (807) | (801) | ||
- deferred taxation, Shareholders' equity | (617) | (1,133) | ||
Total Shareholders' Equity | 48,079 | 53,086 | € 57,409 | € 65,641 |
Non-controlling interest, Shareholders' equity | (49) | (49) | ||
As recorded in Consolidated Financial Statements, Shareholders' equity | € 48,030 | € 53,037 |
Shareholders' equity (Details T
Shareholders' equity (Details Textual) - EUR (€) € / shares in Units, € in Millions | May 12, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Statement Line Items [Line Items] | ||||
Share capital | € 4,005 | € 4,005 | ||
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share | € 0.40 | |||
Dividends paid, ordinary shares per share | € 0.4 | € 0.4 | € 0.4 | |
Capital redemption reserve | € 581 | € 581 | ||
Other reserves | € 42,490 | € 52,329 | ||
Number of shares outstanding | 33,045,197 | 33,045,197 | ||
Treasury shares | € 581 | € 581 | ||
Distributable Reserves | 43,200 | |||
parent company [Member] | ||||
Statement Line Items [Line Items] | ||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||
Number of shares issued | 3,634,185,330 | 3,634,185,330 | ||
Tigaz Zrt [Member] | ||||
Statement Line Items [Line Items] | ||||
Other reserves | € 4 | € 4 | ||
Proportion of ownership interest in subsidiary | 48.55% | 48.55% | ||
Eni Gas Power France SA [Member] | ||||
Statement Line Items [Line Items] | ||||
Other reserves | € 124 | € 124 | ||
Proportion of ownership interest in subsidiary | 45.99% | 45.99% | ||
Merger Reserve [Member] | ||||
Statement Line Items [Line Items] | ||||
Other reserves | € 247 | € 247 | ||
Miscellaneous other reserves [member] | ||||
Statement Line Items [Line Items] | ||||
Other reserves | 63 | 63 | ||
Accumulated other comprehensive income [member] | ||||
Statement Line Items [Line Items] | ||||
Other reserves | € 90 | 21 | ||
Treasury Shares [member] | ||||
Statement Line Items [Line Items] | ||||
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share | € 0.4 | |||
Dividends paid, ordinary shares per share | € 0.80 | |||
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners | € 1,441 | |||
Other Reserves | ||||
Statement Line Items [Line Items] | ||||
Other reserves | € 280 | € 211 |
Other information (Details)
Other information (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Statement Line Items [Line Items] | |||
Current assets | € 36,433 | € 37,971 | |
Non-current assets | 78,172 | 86,560 | |
Net borrowings | (24,707) | (27,239) | |
Non-controlling interest | (49) | (49) | |
Disposal Of Consolidated Subsidiaries And Businesses [Member] | |||
Statement Line Items [Line Items] | |||
Current assets | 166 | 6,526 | € 44 |
Non-current assets | 814 | 8,615 | 125 |
Net borrowings | (252) | (5,415) | (77) |
Current and non-current liabilities | (205) | (6,334) | (45) |
Net effect of disposals | 523 | 3,392 | 47 |
Reclassification of foreign currency translation differences among other items of comprehensive income | 7 | (34) | |
Fair value of share capital held after the sale of control | (1,006) | ||
Gain on disposal | 2,148 | 11 | 66 |
Non-controlling interest | (1,872) | ||
Selling price | 2,671 | 532 | 79 |
Cash and cash equivalents | (9) | (894) | (6) |
Disposal of consolidated subsidiaries and businesses net of cash and cash equivalent | € 2,662 | € (362) | € 73 |
Other information (Details Text
Other information (Details Textual) € in Millions | 12 Months Ended |
Dec. 31, 2017EUR (€) | |
Eni Gas & Power NV [Member] | |
DisclosureOfNotesAndOtherExplanatoryInformationExplanatoryLineItems [Line Items] | |
Cash Consideration | € 8 |
Consideration paid (received) | € 302 |
Natural gas [Member] | ExxonMobil [Member] | |
DisclosureOfNotesAndOtherExplanatoryInformationExplanatoryLineItems [Line Items] | |
Percentage of interest in product sold | 25.00% |
Cash Consideration | € 2,362 |
Repayments of borrowings, classified as financing activities | € 264 |
Guarantees, commitments and 208
Guarantees, commitments and risks (Details) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | € 16,174 | € 14,553 |
Consolidated Subsidiaries [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 5,594 | 5,868 |
Unconsolidated Subsidiaries [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 181 | 246 |
Consolidated Joint Operations [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 1 | 1 |
Joint ventures and associates [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 10,046 | 8,236 |
Others [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 352 | 202 |
Other Guarantees [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 10,050 | 8,429 |
Other Guarantees [Member] | Consolidated Subsidiaries [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 5,594 | 5,868 |
Other Guarantees [Member] | Unconsolidated Subsidiaries [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 181 | 246 |
Other Guarantees [Member] | Consolidated Joint Operations [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 1 | 1 |
Other Guarantees [Member] | Joint ventures and associates [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 3,922 | 2,112 |
Other Guarantees [Member] | Others [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 352 | 202 |
Unsecured Guarantees [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | 6,124 | 6,124 |
Unsecured Guarantees [Member] | Joint ventures and associates [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Guarantees | € 6,124 | € 6,124 |
Guarantees, commitments and 209
Guarantees, commitments and risks (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Guarantees Commitments And Risks Details 1 | ||
Commitments | € 14,498 | € 20,682 |
Risks | 691 | 605 |
Commitments and risks | € 15,189 | € 21,287 |
Guarantees, commitments and 210
Guarantees, commitments and risks (Details 2) - EUR (€) € in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest rate risk [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | € 2,580 | € 3,420 |
Exchange rate [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 260 | 170 |
Top of range [member] | Interest rate risk [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 3,760 | 5,270 |
Top of range [member] | Exchange rate [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 570 | 340 |
Bottom Of Range [Member] | Interest rate risk [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 1,720 | 2,550 |
Bottom Of Range [Member] | Exchange rate [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 80 | 40 |
Weighted Average [Member] | Interest rate risk [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 2,380 | 3,620 |
Weighted Average [Member] | Exchange rate [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | € 220 | € 140 |
[1] | Value at risk deriving from interest and exchange rates exposures include the following finance department: Eni Corporate Treasury Department, Eni Finance International SA, Banque Eni SA and Eni Finance USA Inc. |
Guarantees, commitments and 211
Guarantees, commitments and risks (Details 3) - EUR (€) € in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | |
Commercial Exposure Management Portfolio [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | € 5,150 | € 9,410 |
Commercial Exposure Management Portfolio [Member] | Top Of Range [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 21,140 | 19,030 |
Commercial Exposure Management Portfolio [Member] | Bottom Of Range [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 5,150 | 4,230 |
Commercial Exposure Management Portfolio [Member] | Weighted Average [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [1] | 12,240 | 10,240 |
Trading [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [2] | 660 | 1,350 |
Trading [Member] | Top Of Range [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [2] | 2,290 | 2,580 |
Trading [Member] | Bottom Of Range [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [2] | 210 | 270 |
Trading [Member] | Weighted Average [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Value at risk | [2] | € 790 | € 870 |
[1] | Refers to the Gas & LNG Marketing Power business line (risk exposure from Refining & Marketing business line and Gas & Power Division), Eni Trading & Shipping commercial portfolio, operating branches outside Italy pertaining to the Divisions and from October 2016 the Gas and Luce Business line. For the gas&power business lines, following the approval of the Eni's Board of Directors on December 12, 2013, 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, in the year the VaR pertaining to GLP and EGL presents a decreasing trend following the progressive reaching of the maturity of the positions within the annual horizon. | ||
[2] | Cross-commodity proprietary trading, both for commodity contracts and financial derivatives, refers to Eni Trading & Shipping SpA (London-Bruxelles-Singapore) and Eni Trading & Shipping Inc (Houston). |
Guarantees, commitments and 212
Guarantees, commitments and risks (Details 4) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | [1] | € 25,620 | € 29,318 |
Not later than one year [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 5,253 | 8,492 | |
Later than one year and not later than two years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 4,148 | 2,126 | |
Later than two years and not later than three years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 2,867 | 4,120 | |
Later than three years and not later than four years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1,280 | 2,914 | |
Later than four years and not later than five years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1,262 | 1,331 | |
Later than Five Years [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 10,810 | 10,335 | |
Non current financial liabilities [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 22,276 | 23,653 | |
Non current financial liabilities [Member] | Not later than one year [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 2,000 | 2,988 | |
Non current financial liabilities [Member] | Later than one year and not later than two years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 4,084 | 2,090 | |
Non current financial liabilities [Member] | Later than two years and not later than three years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 2,857 | 4,044 | |
Non current financial liabilities [Member] | Later than three years and not later than four years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1,279 | 2,914 | |
Non current financial liabilities [Member] | Later than four years and not later than five years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1,246 | 1,285 | |
Non current financial liabilities [Member] | Later than Five Years [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 10,810 | 10,332 | |
Current financial liabilities [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 2,242 | 3,396 | |
Current financial liabilities [Member] | Not later than one year [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 2,242 | 3,396 | |
Fair value of derivative instruments [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1,102 | 2,269 | |
Fair value of derivative instruments [Member] | Not later than one year [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1,011 | 2,108 | |
Fair value of derivative instruments [Member] | Later than one year and not later than two years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 64 | 36 | |
Fair value of derivative instruments [Member] | Later than two years and not later than three years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 10 | 76 | |
Fair value of derivative instruments [Member] | Later than three years and not later than four years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 1 | ||
Fair value of derivative instruments [Member] | Later than four years and not later than five years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 16 | 46 | |
Fair value of derivative instruments [Member] | Later than Five Years [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Financial liabilities | 3 | ||
Interest on finance debt [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 3,513 | 4,007 | |
Interest on finance debt [Member] | Not later than one year [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 582 | 696 | |
Interest on finance debt [Member] | Later than one year and not later than two years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 511 | 557 | |
Interest on finance debt [Member] | Later than two years and not later than three years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 411 | 486 | |
Interest on finance debt [Member] | Later than three years and not later than four years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 304 | 386 | |
Interest on finance debt [Member] | Later than four years and not later than five years [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 250 | 277 | |
Interest on finance debt [Member] | Later than Five Years [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 1,455 | 1,605 | |
Financial guarantees [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | 473 | 84 | |
Financial guarantees [Member] | Not later than one year [member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other financial liabilities | € 473 | € 84 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Guarantees, commitments and 213
Guarantees, commitments and risks (Details 5) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Trade payables | € 10,890 | € 11,038 | |
Other payables and advances | 5,903 | 5,716 | |
Trade and other payables | [1] | 16,793 | 16,754 |
Maturity Period One [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Trade payables | 10,890 | 11,038 | |
Other payables and advances | 5,858 | 5,665 | |
Trade and other payables | 16,748 | 16,703 | |
Maturity Period Two [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other payables and advances | 19 | 29 | |
Trade and other payables | 19 | 29 | |
Maturity Period Three [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Other payables and advances | 26 | 22 | |
Trade and other payables | € 26 | € 22 | |
[1] | In the profit and loss account, exchange differences arising from accounts denominated in foreign currency and translated into euro at year-end were primarily recognized within “Finance income (expense)”. |
Guarantees, commitments and 214
Guarantees, commitments and risks (Details 6) € in Millions | Dec. 31, 2017EUR (€) | |
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | € 129,949 | |
Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 128 | |
Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 4,532 | [1] |
Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 14,786 | [2] |
Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2,673 | |
Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 107,830 | [3] |
Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 100,244 | |
Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 4,687 | |
Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2,310 | [4] |
Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 128 | |
Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 589 | |
Maturity Year One [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 12,548 | |
Maturity Year One [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 11 | |
Maturity Year One [Member] | Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 883 | [1] |
Maturity Year One [Member] | Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 348 | [2] |
Maturity Year One [Member] | Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 317 | |
Maturity Year One [Member] | Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 10,989 | [3] |
Maturity Year One [Member] | Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,644 | |
Maturity Year One [Member] | Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,272 | |
Maturity Year One [Member] | Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 963 | [4] |
Maturity Year One [Member] | Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 11 | |
Maturity Year One [Member] | Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 110 | |
Maturity Year Two [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 11,112 | |
Maturity Year Two [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 3 | |
Maturity Year Two [Member] | Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 525 | [1] |
Maturity Year Two [Member] | Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 411 | [2] |
Maturity Year Two [Member] | Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 311 | |
Maturity Year Two [Member] | Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 9,862 | [3] |
Maturity Year Two [Member] | Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,708 | |
Maturity Year Two [Member] | Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 760 | |
Maturity Year Two [Member] | Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 295 | [4] |
Maturity Year Two [Member] | Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 3 | |
Maturity Year Two [Member] | Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 99 | |
Maturity Year Three [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 9,390 | |
Maturity Year Three [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2 | |
Maturity Year Three [Member] | Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 485 | [1] |
Maturity Year Three [Member] | Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 398 | [2] |
Maturity Year Three [Member] | Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 282 | |
Maturity Year Three [Member] | Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,223 | [3] |
Maturity Year Three [Member] | Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 7,452 | |
Maturity Year Three [Member] | Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 516 | |
Maturity Year Three [Member] | Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 168 | [4] |
Maturity Year Three [Member] | Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2 | |
Maturity Year Three [Member] | Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 87 | |
Maturity Year Four [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 9,209 | |
Maturity Year Four [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2 | |
Maturity Year Four [Member] | Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 371 | [1] |
Maturity Year Four [Member] | Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 375 | [2] |
Maturity Year Four [Member] | Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 228 | |
Maturity Year Four [Member] | Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,233 | [3] |
Maturity Year Four [Member] | Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 7,542 | |
Maturity Year Four [Member] | Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 468 | |
Maturity Year Four [Member] | Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 150 | [4] |
Maturity Year Four [Member] | Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2 | |
Maturity Year Four [Member] | Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 73 | |
Maturity Year Five [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,787 | |
Maturity Year Five [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2 | |
Maturity Year Five [Member] | Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 329 | [1] |
Maturity Year Five [Member] | Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 207 | [2] |
Maturity Year Five [Member] | Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 178 | |
Maturity Year Five [Member] | Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,071 | [3] |
Maturity Year Five [Member] | Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 7,553 | |
Maturity Year Five [Member] | Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 380 | |
Maturity Year Five [Member] | Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 79 | [4] |
Maturity Year Five [Member] | Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2 | |
Maturity Year Five [Member] | Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 59 | |
Maturity Year Five And Thereafter [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 78,903 | |
Maturity Year Five And Thereafter [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 108 | |
Maturity Year Five And Thereafter [Member] | Operating lease obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,939 | [1] |
Maturity Year Five And Thereafter [Member] | Decommissioning liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 13,047 | [2] |
Maturity Year Five And Thereafter [Member] | Environmental liabilities [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,357 | |
Maturity Year Five And Thereafter [Member] | Purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 62,452 | [3] |
Maturity Year Five And Thereafter [Member] | Purchase obligations [Member] | Take-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 60,345 | |
Maturity Year Five And Thereafter [Member] | Purchase obligations [Member] | Ship-or-pay contracts Obligation [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,291 | |
Maturity Year Five And Thereafter [Member] | Purchase obligations [Member] | Other purchase obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 655 | [4] |
Maturity Year Five And Thereafter [Member] | Purchase obligations [Member] | Other Obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 108 | |
Maturity Year Five And Thereafter [Member] | Purchase obligations [Member] | Other ship-or-pay obligations [Member] | ||
Statement Line Items [Line Items] | ||
Non-derivative financial liabilities, undiscounted cash flows | € 161 | |
[1] | Operating leases primarily regarded assets for drilling activities, time charter and long term rentals of vessels, lands, service stations and office buildings. Such leases generally did not include renewal options. There are no significant restrictions provided by these operating leases which limit the ability of the Company to pay dividend, use assets or to take on new borrowings. | |
[2] | 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. | |
[3] | Represents any agreement to purchase goods or services that is enforceable and legally binding and that specifies all significant terms. | |
[4] | Mainly refers to arrangements to purchase capacity entitlements at certain regasification facilities in the U.S. (€948 million). |
Guarantees, commitments and 215
Guarantees, commitments and risks (Details 7) € in Millions | Dec. 31, 2017EUR (€) |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |
Committed projects | € 23,859 |
Maturity Year One [Member] | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |
Committed projects | 6,309 |
Maturity Year Two [Member] | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |
Committed projects | 5,688 |
Maturity Year Three [Member] | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |
Committed projects | 4,717 |
Maturity Year Four [Member] | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |
Committed projects | 3,375 |
Maturity Year Five And Thereafter [Member] | |
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |
Committed projects | € 3,770 |
Guarantees, commitments and 216
Guarantees, commitments and risks (Details 8) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Held-for-trading financial instruments, Securities | [1] | € 6,012 | € 6,166 |
Held-for-trading financial instruments, Non-hedging and trading derivatives | 209 | 87 | |
Held-to-maturity financial instruments, Securities | [2] | 73 | 75 |
Available-for-sale financial instruments, Securities | [2] | 207 | 238 |
Trade receivables and other | 15,583 | 17,324 | |
Financing receivables | [1] | 1,918 | 2,328 |
Trade payables and other | [3] | 16,793 | 16,754 |
Financing payables | [1] | 25,620 | 29,318 |
Finance income (expense) recognized in Profit and loss account | [4] | (42) | (524) |
Finance income (expense) recognized in Other comprehensive income | [4] | (6) | 883 |
Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [1] | (111) | (21) |
Nonhedging And Trading Derivatives [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [5] | 793 | (465) |
Financial Assets Available for sale Category [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [2] | 9 | 9 |
Finance income (expense) recognized in Other comprehensive income | [2] | (4) | (4) |
Trade Receivables And Other [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [2] | (958) | (1,116) |
Financing Receivables [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [2] | (116) | 128 |
Trade payables and other [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [3] | (51) | 287 |
Financing payables [Member] | |||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | |||
Finance income (expense) recognized in Profit and loss account | [1] | € (1,137) | € (291) |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. | ||
[2] | In the profit and loss account, economic effects were essentially recognized as expense within “Purchase, services and other” for €933 million (expense for €840 million in 2016) (impairments net of reversal) and as expense for €25 million within “Finance income (expense)” (expense for €276 million in 2016) (exchange rate differences at year-end and amortized cost). | ||
[3] | In the profit and loss account, exchange differences arising from accounts denominated in foreign currency and translated into euro at year-end were primarily recognized within “Finance income (expense)”. | ||
[4] | In the profit and loss account, income or expense were recognized within “Net sales from operations” and “Purchase, services and other” as expense for €54 million (expense for €523 million in 2016) and as income within “Finance income (expense)” for €12 million (expense for €1 million in 2016) (time value component). | ||
[5] | In the profit and loss account, economic effects were recognized as loss within “Other operating income (loss)” for €44 million (income for €17 million in 2016) and as income within “Finance income (expense)” for €837 million (loss for €482 million in 2016). |
Guarantees, commitments and 217
Guarantees, commitments and risks (Details 9) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Trade and other receivables [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Gross amount of financial assets and liabilities | € 16,952 | € 18,489 |
Gross amount of financial assets and liabilities subject to offsetting | 1,215 | 896 |
Net amount of financial assets and liabilities | 15,737 | 17,593 |
Other Assets Current [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Gross amount of financial assets and liabilities | 2,852 | 3,872 |
Gross amount of financial assets and liabilities subject to offsetting | 1,279 | 1,281 |
Net amount of financial assets and liabilities | 1,573 | 2,591 |
Trade and other liabilities [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Gross amount of financial assets and liabilities | 17,963 | 17,599 |
Gross amount of financial assets and liabilities subject to offsetting | 1,215 | 896 |
Net amount of financial assets and liabilities | 16,748 | 16,703 |
Other liabilities current [Member] | ||
DisclosureOfContingentLiabilitiesExplanatoryLineItems [Line Items] | ||
Gross amount of financial assets and liabilities | 2,794 | 3,880 |
Gross amount of financial assets and liabilities subject to offsetting | 1,279 | 1,281 |
Net amount of financial assets and liabilities | € 1,515 | € 2,599 |
Guarantees, commitments and 218
Guarantees, commitments and risks (Details Textual) € in Millions, $ in Millions | 1 Months Ended | 12 Months Ended | ||||||
Mar. 31, 2017EUR (€) | May 31, 2016EUR (€) | Dec. 31, 2017EUR (€)t | Dec. 31, 2017USD ($)t | Dec. 31, 2016EUR (€) | Dec. 31, 2015EUR (€) | Dec. 31, 2017USD ($) | Jun. 30, 2016EUR (€) | |
Statement Line Items [Line Items] | ||||||||
Percentage of Exposure to Guarantees | 10.00% | 10.00% | ||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | € 16,174 | € 14,553 | ||||||
Risks | 691 | 605 | ||||||
Borrowings | 24,707 | 27,239 | ||||||
Undrawn Borrowing Facilities | 5,802 | 6,236 | ||||||
Contingent Liability, Litigation Damages Sought, value | 7 | |||||||
Net Assets Liabilities | 48,000 | |||||||
Other guarantee | 16,174 | 14,553 | ||||||
Additions through new issuance, Other guarantee | 1,621 | |||||||
Maximum amount of debt service undertaking | $ | $ 6,400 | |||||||
Quantum of natural gas for which litigation damages sought | 650 million cubic meters | |||||||
Contractual volumes of gas amount | 13,300 | $ 16,000 | ||||||
Other operating (expense) income | (32) | 16 | € (485) | |||||
Interest income on financial assets designated at fair value through profit or loss | 837 | (482) | € 160 | |||||
Finance income (expense) recognized in profit and loss account relating to purchase,services and other | 933 | 840 | ||||||
Finance income (expense) recognized in profit and loss account due to exchange rate differences | 25 | 276 | ||||||
Finance income (expense) recognized in profit and loss account included in net sales from operations | 54 | 523 | ||||||
Finance income (expense) recognized in profit and loss account related to time value component | 12 | 1 | ||||||
Estimated damage value | € 7 | |||||||
Number of years required to monitor natural recovery | 20 years | 20 years | ||||||
Legal compensation sought value | € 1,800 | |||||||
Estimated compensatory work | € 9.5 | |||||||
Quantity of total emission of carbon dioxide | t | 19,470,000 | 19,470,000 | ||||||
Quantity of free emission allowance of carbon dioxide | t | 8,530,000 | 8,530,000 | ||||||
Deficit quantity of emission allowance of carbon dioxide | t | 10,940,000 | 10,940,000 | ||||||
Mozambique rovuma venture SpA [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Proportion of ownership interest in joint operation | 35.71% | 35.71% | ||||||
Percentage of divestment and reimbursement in investments accounted for using equity method | 35.71% | 35.71% | ||||||
Customs Agency [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Contingent Liability, Litigation Damages Sought, value | 78 | |||||||
Environmental Damage [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Contingent Liability, Litigation Damages Sought, value | € 250 | |||||||
Area 4 in Mozambique [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Percentage of interest in project | 25.00% | 25.00% | ||||||
Eni International BV [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Net Assets Liabilities | € 34,700 | |||||||
Syndial SpA [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Litigation damages annulled by the court | € 1,800 | |||||||
Eni SpA [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Proportion of ownership interest in joint operation | 50.00% | 50.00% | ||||||
Liquidity risk [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Risks | € 235 | 334 | ||||||
Credit risk [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Risks | 456 | 271 | ||||||
Coral Project [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | 1,334 | |||||||
Coral Project [Member] | TJS Consortium [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Value of contract | 4,375 | 5,248 | ||||||
Third parties [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Guarantee For Bid Bonds And Performance Bonds | € 2,122 | 1,705 | ||||||
LNG [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Estimated annual production capacity | 3.37 million tonnes | 3.37 million tonnes | ||||||
Product sale and purchase agreement duration | twenty-year term | twenty-year term | ||||||
Coral FLNG SA [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Proportion of ownership interest in joint operation | 25.00% | 25.00% | ||||||
Customs Agency [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Contingent Liability, Litigation Damages Sought, value | € 78 | 168 | ||||||
Decrease in value of litigation damages | 90 | |||||||
Interests on Excise taxes [Member] | Customs Agency [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Contingent Liability, Litigation Damages Sought, value | € 20 | |||||||
Rete Ferroviaria Italiana SpA [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | 6,122 | 6,122 | ||||||
FLNG [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Guarantee For Bid Bonds And Performance Bonds | 1,094 | |||||||
Saipem [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Guarantee For Bid Bonds And Performance Bonds | 1,008 | 1,705 | ||||||
Entity's total for joint ventures [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Underlying commitment | 2,594 | 2,109 | ||||||
Other Guarantees [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 10,050 | 8,429 | ||||||
Financial guarantee contracts [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Bank Guarantee | 1,623 | 82 | ||||||
Unsecured and other guarantees [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Underlying commitment | 224 | 202 | ||||||
Unsecured and other guarantees on behalf of joint ventures and associates | 352 | 202 | ||||||
Unsecured and other guarantees [Member] | Angola LNG Supply Service Llc [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | € 169 | 193 | ||||||
Percentage of Exposure to Guarantees | 13.60% | 13.60% | ||||||
Unsecured and other guarantees [Member] | Coral Off Shore Project [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | € 148 | 178 | ||||||
Percentage of Exposure to Guarantees | 25.00% | 25.00% | ||||||
Other Commitments [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | € 14,498 | 20,682 | ||||||
Capital Commitments | 11,289 | 12,415 | ||||||
Investments In Joint Ventures | 128 | 129 | ||||||
Lease Liabilities | 4,344 | |||||||
Capital commitments | 11,289 | 12,415 | ||||||
Other Commitments [Member] | Regasified gas at the Pascagoula plant [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Capital Commitments | 2,113 | 2,541 | ||||||
Capital commitments | 2,113 | 2,541 | ||||||
Other Commitments [Member] | Regasification capacity at the Pascagoula terminal [Member] [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Capital Commitments | 948 | 1,156 | ||||||
Capital commitments | 948 | 1,156 | ||||||
Project financing agreement [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Bank Acceptance Liabilities | 3,898 | 4,676 | ||||||
Equivalent value of company share in debt service undertaking | 1,334 | 1,600 | ||||||
Project financing agreement [Member] | Mozambique State-owned company ENH [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Credit facility subscribed by the sponsors | 417 | 500 | ||||||
Equivalent value of company share in credit facility | 116 | 139 | ||||||
Derivatives [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Other operating (expense) income | 44 | 17 | ||||||
Consolidated Subsidiaries [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 5,594 | 5,868 | ||||||
Consolidated Subsidiaries [Member] | Other Guarantees [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Other guarantees on behalf of consolidated subsidiaries | 5,594 | 5,868 | ||||||
Guarantee For Bid Bonds And Performance Bonds | 2,312 | 1,965 | ||||||
Value Added Tax Receivables | 1,201 | 1,380 | ||||||
Bank Guarantee | 1,010 | 1,010 | ||||||
Liabilities Arising From Insurance Contracts | 137 | 141 | ||||||
Underlying commitment | 5,563 | 5,784 | ||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 5,594 | 5,868 | ||||||
Other guarantee | 5,594 | 5,868 | ||||||
Unconsolidated Subsidiaries [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 181 | 246 | ||||||
Unconsolidated Subsidiaries [Member] | Other Guarantees [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Other guarantees on behalf of consolidated subsidiaries | 181 | 246 | ||||||
Guarantee For Bid Bonds And Performance Bonds | 176 | 240 | ||||||
Underlying commitment | 12 | 53 | ||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 181 | 246 | ||||||
Other guarantee | 181 | 246 | ||||||
Joint ventures and associates [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | 10,046 | 8,236 | ||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 10,046 | 8,236 | ||||||
Other guarantee | 10,046 | 8,236 | ||||||
Joint ventures and associates [Member] | Other Guarantees [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Exposure To Credit Risk On Loan Commitments And Financial Guarantee Contracts | 3,922 | € 2,112 | ||||||
TJS Consortium [Member] | Coral FLNG SA [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Maximum financial guarantee given by the company | 1,094 | 1,312 | ||||||
Debt service undertaking [Member] | Mozambique State-owned company ENH [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Credit facility subscribed by the sponsors | 533 | 640 | ||||||
Equivalent value of company share in credit facility | 148 | 178 | ||||||
Petroleum activities [Member] | Parent company guarantee [Member] | Third parties [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Maximum financial guarantee given by the company | € 1,250 | $ 1,500 | ||||||
ExxonMobil [Member] | Engineering Procurement Construction Installation and Commissioning [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Percentage of interest held by other entities in contract | 25.00% | 25.00% | ||||||
CNPC [Member] | Engineering Procurement Construction Installation and Commissioning [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Percentage of interest held by other entities in contract | 20.00% | 20.00% | ||||||
Parent company guarantee [Member] | Petroleum activities [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Explanation of information about percentage of obligation issued by the company and its take over by other concessionaires | This parent company guarantee issued by Eni covering 100% of the aforementioned obligations has been taken over by the other concessionaires (Kogas, Galp and ENH) and by ExxonMobil and CNPC shareholders of the joint operation Mozambico Rovuma Venture SpA, in proportion to their respective direct or indirect participating interest in the EPCC of Area 4. | This parent company guarantee issued by Eni covering 100% of the aforementioned obligations has been taken over by the other concessionaires (Kogas, Galp and ENH) and by ExxonMobil and CNPC shareholders of the joint operation Mozambico Rovuma Venture SpA, in proportion to their respective direct or indirect participating interest in the EPCC of Area 4. | ||||||
Excise taxes [Member] | Customs Agency [member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Contingent Liability, Litigation Damages Sought, value | 114 | |||||||
Customs Agency [member] | Fines [Member] [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Contingent Liability, Litigation Damages Sought, value | € 34 | |||||||
Euro Medium Term Notes [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Bonds Issued | € 1,800 | |||||||
Notional amount | 20,000 | |||||||
Issuance of debt notes drawn | 16,800 | |||||||
Short-termBorrowings [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Undrawn Borrowing Facilities | 11,625 | |||||||
Short-termBorrowings [Member] | Committed Amount [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Undrawn Borrowing Facilities | 41 | |||||||
Long-termBorrowings [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Undrawn Borrowing Facilities | 5,802 | |||||||
Long-termBorrowings [Member] | Due within 12 months [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Undrawn Borrowing Facilities | 750 | |||||||
Next four years [Member] | ||||||||
Statement Line Items [Line Items] | ||||||||
Capital Commitments | 31,600 | |||||||
Capital commitments | € 31,600 |
Revenues (Details)
Revenues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure Of Revenue Explanatory [Abstract] | |||
Revenues from sales and services | € 66,920 | € 55,764 | € 72,290 |
Change in contract work in progress | (1) | (2) | (4) |
Net sales from operations | € 66,919 | € 55,762 | € 72,286 |
Revenues (Details 1)
Revenues (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure Of Revenue Explanatory [Abstract] | |||
Excise taxes | € 11,378 | € 11,913 | € 11,889 |
Services recharged to joint venture partners | 4,702 | 4,441 | 5,609 |
Sales to service station managers for sales billed to holders of credit cards | 1,675 | 1,553 | 1,643 |
Exchanges of oil sales (excluding excise taxes) | 994 | 878 | 1,154 |
Cost of sales | € 18,749 | € 18,785 | € 20,295 |
Revenues (Details 2)
Revenues (Details 2) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Disclosure Of Revenue Explanatory [Abstract] | ||||
Gains from sale of assets and businesses | € 3,288 | € 14 | € 459 | |
Gains on price adjustments under overlifting/underlifting transactions | 166 | 238 | 253 | |
Lease and rental income | 84 | 81 | 85 | |
Contract penalties and other trade revenues | 42 | 72 | 36 | |
Compensation for damages | 9 | 122 | 36 | |
Other proceeds | [1] | 469 | 404 | 383 |
Other revenue | € 4,058 | € 931 | € 1,252 | |
[1] | Each individual amount included herein was lower than €50 million. |
Revenues (Details Textual)
Revenues (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfAdditionalInformationExplanatoryLineItems [Line Items] | |||
Other Revenue From Compensation For Damages | € 9 | € 122 | € 36 |
Gain (loss) on sale of assets and business | 3,288 | ||
Area 4 [Member] | |||
DisclosureOfAdditionalInformationExplanatoryLineItems [Line Items] | |||
Sale of stake in assets and business | € 1,985 | ||
Percentage of sale of stake in assets and business | 25.00% | ||
Zohr project [Member] | |||
DisclosureOfAdditionalInformationExplanatoryLineItems [Line Items] | |||
Sale of stake in assets and business | € 1,281 | ||
Percentage of sale of stake in assets and business | 40.00% |
Costs (Details)
Costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Net provisions for contingencies | € 886 | € 505 | € 644 |
Other expenses | 1,844 | 1,512 | 1,135 |
Purchase, services and other [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Production costs - raw, ancillary and consumable materials and goods | 35,907 | 27,783 | 39,812 |
Production costs - services | 12,228 | 12,727 | 13,197 |
Operating leases and other | 1,684 | 1,672 | 2,205 |
Net provisions for contingencies | 886 | 505 | 644 |
Expenses for price variation on overliftling and underlifting operations | 145 | 240 | 278 |
Other expenses | 1,844 | 1,512 | 1,135 |
Purchase Services And Other Gross Of Capitalized Direct Costs Associated With Self Constructed Assets | 52,694 | 44,439 | 57,271 |
capitalized direct costs associated with self-constructed assets - tangible assets | (224) | (297) | (323) |
capitalized direct costs associated with self-constructed assets - intangible assets | (9) | (18) | (100) |
Total Purchase Services And Other Expenses | € 52,461 | € 44,124 | € 56,848 |
Costs (Details 1)
Costs (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Minimum lease payments payable under non-cancellable operating lease | € 4,532 | € 2,418 | € 2,365 |
Not later than one year [member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Minimum lease payments payable under non-cancellable operating lease | 883 | 593 | 495 |
Later than one year and not later than five years [member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Minimum lease payments payable under non-cancellable operating lease | 1,710 | 1,040 | 1,061 |
Later than Five Years [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Minimum lease payments payable under non-cancellable operating lease | € 1,939 | € 785 | € 809 |
Costs (Details 2)
Costs (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Employee benefits expense | € 2,951 | € 2,994 | € 3,119 |
Payroll and related costs [Member ] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Wages and salaries | 2,447 | 2,491 | 2,648 |
Social security contributions | 441 | 445 | 453 |
Cost related to employee benefit plans | 113 | 81 | 85 |
Other costs | 162 | 202 | 182 |
Short-term employee benefits expense | 3,163 | 3,219 | 3,368 |
capitalized direct costs associated with self-constructed assets - tangible assets | (202) | (215) | (203) |
capitalized direct costs associated with self-constructed assets - intangible assets | (10) | (10) | (46) |
Employee benefits expense | € 2,951 | € 2,994 | € 3,119 |
Costs (Details 3)
Costs (Details 3) - Number | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Subsidiaries [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 32,464 | 33,061 | 33,715 |
Subsidiaries [Member] | Senior Managers [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 995 | 1,018 | 1,044 |
Subsidiaries [Member] | Junior Managers [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 9,089 | 9,160 | 9,091 |
Subsidiaries [Member] | Employees [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 16,721 | 17,180 | 17,685 |
Subsidiaries [Member] | Workers [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 5,659 | 5,703 | 5,895 |
Joint Ventures Where EntityIs Venturer [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 771 | 805 | 807 |
Joint Ventures Where EntityIs Venturer [Member] | Senior Managers [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 17 | 18 | 17 |
Joint Ventures Where EntityIs Venturer [Member] | Junior Managers [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 98 | 109 | 108 |
Joint Ventures Where EntityIs Venturer [Member] | Employees [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 371 | 384 | 379 |
Joint Ventures Where EntityIs Venturer [Member] | Workers [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Average number of employees | 285 | 294 | 303 |
Costs (Details 4)
Costs (Details 4) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Costs | |||
Wages and salaries | € 25 | € 26 | € 26 |
Post-employment benefits | 2 | 2 | 2 |
Other long-term benefits | 9 | 12 | 12 |
Indemnities upon termination of employment | 7 | 4 | 2 |
Key management personnel compensation | € 43 | € 44 | € 42 |
Costs (Details 5)
Costs (Details 5) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Other operating income (expense) | € (32) | € 16 | € (485) |
Derivatives [member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Other operating income (expense) | (44) | 17 | (487) |
Cash flow hedges [member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Other operating income (expense) | € 12 | € (1) | € 2 |
Costs (Details 6)
Costs (Details 6) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Costs | |||
Depreciation, depletion and amortization: - tangible assets | € 7,199 | € 7,308 | € 8,646 |
Depreciation, depletion and amortization: - intangible assets | 286 | 253 | 303 |
Depreciation and amortisation expense Before Adjustment | 7,485 | 7,561 | 8,949 |
- capitalized direct costs associated with self-constructed assets - tangible assets | (2) | (2) | (9) |
Total Depreciation And Amortisation Expense | € 7,483 | € 7,559 | € 8,940 |
Costs (Details 7)
Costs (Details 7) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | € 848 | € 1,067 | € 6,537 |
Reversal of impairment loss recognised in profit or loss | 1,055 | 1,153 | |
Impairment loss recognised in other comprehensive income | (225) | (475) | 6,534 |
Tangible Assets [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | 848 | 1,067 | 5,993 |
Reversal of impairment loss recognised in profit or loss | (1,055) | (1,153) | (3) |
Intangible Assets [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Impairment loss recognised in profit or loss | 14 | € 544 | |
Reversal of impairment loss recognised in profit or loss | € (32) | € (389) |
Costs (Details 8)
Costs (Details 8) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Costs | |||
Write-Off of tangible assets | € 239 | € 289 | € 678 |
Write-Off of intangible assets | 24 | 61 | 10 |
Write-Off of Tangible And Intangible Assets | € 263 | € 350 | € 688 |
Costs (Details Textual)
Costs (Details Textual) | 12 Months Ended | ||
Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | Dec. 31, 2015EUR (€)sharesNumber | |
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Research and development expense | € 185,000,000 | € 161,000,000 | € 176,000,000 |
Royalty expense | 674,000,000 | 572,000,000 | 865,000,000 |
Minimum operating lease payments recognised as expense | 1,022,000,000 | 566,000,000 | 635,000,000 |
Other expenses, by nature | 1,844,000,000 | 1,512,000,000 | 1,135,000,000 |
Net provisions for contingencies | 886,000,000 | 505,000,000 | 644,000,000 |
Provisions For Redundancy Incentives | 18,000,000 | 47,000,000 | 31,000,000 |
Post-employment benefit expense, defined contribution plans | 90,000,000 | 83,000,000 | 86,000,000 |
Directors' remuneration expense | 14,500,000 | 7,100,000 | 6,700,000 |
Key management personnel compensation | 43,000,000 | 44,000,000 | 42,000,000 |
Auditor's remuneration | 760,000 | 738,000 | 551,000 |
Trading Net Income | 44,000,000 | 36,000,000 | 471,000,000 |
Production Net Loss | 19,000,000 | 16,000,000 | |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 927,000,000 | ||
Contingent rents recognised as expense | 2,114,000,000 | ||
Minimum finance lease payments payable | 2,280,000,000 | ||
Provision for credit commitments [member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Net provisions for contingencies | 375,000,000 | 55,000,000 | 179,000,000 |
Environmental liabilities [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Net provisions for contingencies | 200,000,000 | 198,000,000 | 232,000,000 |
Payroll and related costs [Member ] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Other Costs | 162,000,000 | 202,000,000 | € 182,000,000 |
Number of instruments granted in share based payment arrangement | Number | 11,000,000 | ||
Share-based payment arrangement, vesting term | three-year | ||
Description of vesting requirements for share based payment arrangement | The number of shares that will be granted at the end of the vesting period is conditioned on a 5050 basis to actual results of two performance parameters against preset targets: (i) a 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 Enis competitors (Peers Group)24 and the TSR of their corresponding stock exchange market25; and (ii) growth in the Net Present Value (NPV) of proved reserves benchmarked against the Peer Group. | ||
Share-based payment arrangement, vesting range | 0% and 180% | ||
Percentage of shares vest subject to lock-up clause of one year after vesting date | 50.00% | ||
Number Of Share Options Granted In Share based Payment Arrangement | shares | 1,719,061 | ||
Weighted Average Exercise Price Of Share Options Granted In Share based Payment Arrangement | € 7,990,000 | ||
Weighted Average Share Price Share Options Granted | € 13,810,000 | ||
Expected Dividend As Percentage Share Options Granted | 5.79% | ||
Description Of Expected Volatility Share Options Granted | 25.12% | ||
Expense From Share based Payment Transactions With Employees | € 400,000 | ||
Exploration Production Segment [Member] | Geological and geophysical expenses [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Services expense | 273,000,000 | 204,000,000 | 254,000,000 |
Gas & Power Segment [Member] | Trade Receivables [Member] | |||
DisclosureOfOperatingExpensesLineItems [Line Items] | |||
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | € 446,000,000 | € 399,000,000 | € 549,000,000 |
Finance income (expense) (Detai
Finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Finance Income Expense Details 1 | |||
Finance income | € 3,924 | € 5,850 | € 8,635 |
Finance expense | (5,886) | (6,232) | (10,104) |
Net finance income (expense) from financial assets held for trading | (111) | (21) | 3 |
Finance Income Cost Before Adjustment For Derivative Financial Instruments Income Expenses | (2,073) | (403) | (1,466) |
Income (expense) from derivative financial instruments | 837 | (482) | 160 |
Finance income (cost) | € (1,236) | € (885) | € (1,306) |
Finance income (expense) (De234
Finance income (expense) (Details 1) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Finance income (expense) related to net borrowings | ||||
Interest and other finance expense on ordinary bonds | € (638) | € (639) | € (740) | |
Interest due to banks and other financial institutions | (113) | (118) | (98) | |
Net finance income (expense) from financial assets held for trading | (111) | (21) | 3 | |
Interest from banks | 12 | 15 | 19 | |
Interest and other income from financial receivables and securities held for non-operating purposes | 16 | 37 | 2 | |
Total Finance Income Expense Related To Net Borrowings | (834) | (726) | (814) | |
Exchange differences | ||||
Positive exchange differences | 3,549 | 5,579 | 8,400 | |
Negative exchange differences | (4,454) | (4,903) | (8,754) | |
Foreign exchange gain (loss) | (905) | 676 | (354) | |
Other finance income (expense) | ||||
Interest and other income on financing receivables and securities held for operating purposes | 128 | 143 | 120 | |
Capitalized finance expense | 73 | 106 | 166 | |
Finance expense due to the passage of time (accretion discount) | [1] | (264) | (312) | (291) |
Other finance (expense) | (271) | (290) | (293) | |
Other finance income (cost) | (334) | (353) | (298) | |
Finance Income Cost Before Adjustment For Derivative Financial Instruments Income Expenses | € (2,073) | € (403) | € (1,466) | |
[1] | The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. |
Finance income (expense) (De235
Finance income (expense) (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Interest income on financial assets designated at fair value through profit or loss | € 837 | € (482) | € 160 |
Derivatives on exchange rate [Member] | |||
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Interest income on financial assets designated at fair value through profit or loss | 809 | (494) | 96 |
Derivatives on interest rate [Member] | |||
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Interest income on financial assets designated at fair value through profit or loss | € 28 | (12) | 31 |
Options [Member] | |||
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Interest income on financial assets designated at fair value through profit or loss | € 24 | € 33 |
Finance income (expense) (De236
Finance income (expense) (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Interest income on financial assets designated at fair value through profit or loss | € 837 | € (482) | € 160 |
Fair Value Of The Option Embedded | € 2 | ||
Options [Member] | |||
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Interest income on financial assets designated at fair value through profit or loss | 24 | 33 | |
Snam SpA [Member] | |||
DisclosureOfFinanceIncomeExpenseExplanatoryLineItems [Line Items] | |||
Fair Value Of The Option Embedded | € 26 | € 33 |
Income (expense) from invest237
Income (expense) from investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Expense From Investments Details 1 | |||
Share of profit from equity-accounted investments | € 124 | € 77 | € 150 |
Share of loss from equity-accounted investments | (353) | (370) | (615) |
Decreases (increases) in the provision for losses on investments from equity accounted investments | (38) | (33) | (6) |
Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method | € (267) | € (326) | € (471) |
Income (expense) from invest238
Income (expense) from investments (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Expense From Investments Details 1 | |||
Dividends | € 205 | € 143 | € 402 |
Net gain (loss) on disposals | 163 | (14) | 164 |
Other trading income (expense) | (33) | (183) | 10 |
Other Gain Loss From Investments | € 335 | € (54) | € 576 |
Income (expense) from invest239
Income (expense) from investments (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Dividend income | € 205 | € 143 | € 402 |
Gains (losses) on disposals of investments | 163 | (14) | 164 |
Fair Value Of The Option Embedded | 2 | ||
Other trading income (expense) | (33) | (183) | 10 |
Decreases increases in the provision for losses on investments from equity accounted investments | (38) | (33) | (6) |
Equity Investments [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Impairment loss recognised in profit or loss, investment property | 162 | ||
Nigeria LNG Ltd [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Dividend income | 167 | 76 | 222 |
Snam SpA [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Dividend income | 72 | ||
Gains (losses) on disposals of investments | € 32 | € 46 | |
Percentage of ownership sold | 2.22% | 6.03% | |
Fair Value Of The Option Embedded | € 49 | ||
Number of shares in entity held by entity or by its subsidiaries or associates | 77,700,000 | ||
Saudi European Petrochemical Co [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Dividend income | € 21 | € 45 | € 69 |
Galp Energia SGPS SA [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Dividend income | 21 | ||
Gains (losses) on disposals of investments | € 98 | ||
Percentage of ownership sold | 8.00% | ||
Eni Hungaria Zrt and Eni Slovenjia doo [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 11 | ||
Percentage of ownership sold | 100.00% | ||
Pokrovskoe Petroleum BV And Zagoryanska Petroleum BV [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 6 | ||
Pokrovskoe Petroleum BV [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Percentage of ownership sold | 30.00% | ||
Zagoryanska Petroleum BV [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Percentage of ownership sold | 60.00% | ||
Eni Gas & Power NV and Eni Wind Belgium NV [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Percentage of ownership sold | 100.00% | ||
Ceska Republika Sro [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 32 | ||
Percentage of ownership sold | 100.00% | ||
Eni Romania Srl [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 31 | ||
Percentage of ownership sold | 100.00% | ||
Ceska Rafinerska AS [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 6 | ||
Percentage of ownership sold | 32.45% | ||
Eni Slovensko Spol Sro [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 1 | ||
Percentage of ownership sold | 100.00% | ||
Inversora de Gas Cuyana SA [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Gains (losses) on disposals of investments | € 47 | ||
Percentage of ownership sold | 76.00% | ||
Distribudora de Gas Cuyana SA [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Percentage of ownership sold | 6.84% | ||
Inversora de Gas del Centro SA [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Percentage of ownership sold | 25.00% | ||
Distribudora de Gas del Centro SA [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Percentage of ownership sold | 31.35% | ||
Union Fenosa Gas SA [Member] | Equity Investments [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Impairment loss recognised in profit or loss, investment property | € 35 | € 84 | € 49 |
Petro Sucre [Member] | Equity Investments [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Impairment loss recognised in profit or loss, investment property | 65 | ||
Genomatica Inc [Member] | Equity Investments [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Impairment loss recognised in profit or loss, investment property | € 13 | ||
Caspian Pipeline Consortium R [Member] | |||
DisclosureOfIncomeExpenseFromInvestmentsLineItems [Line Items] | |||
Decreases increases in the provision for losses on investments from equity accounted investments | € 10 |
Income taxes (Details)
Income taxes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Current taxes: | |||
Current taxes: | € 4,021 | € 2,999 | € 4,388 |
Net deferred taxes: | |||
Net deferred taxes: | (554) | (1,063) | (1,266) |
Tax Income (Expense) | 3,467 | 1,936 | 3,122 |
Italian subsidiaries [Member] | Italy [Member] | |||
Current taxes: | |||
Current taxes: | 712 | 195 | 155 |
Net deferred taxes: | |||
Net deferred taxes: | (464) | (243) | 881 |
Subsidiaries of the Exploration Production segment [Member] | Subsidiaries outside Italy [Member] | |||
Current taxes: | |||
Current taxes: | 3,167 | 2,671 | 4,015 |
Net deferred taxes: | |||
Net deferred taxes: | (162) | (813) | (2,156) |
Other subsidiaries [Member] | Subsidiaries outside Italy [Member] | |||
Current taxes: | |||
Current taxes: | 142 | 133 | 218 |
Net deferred taxes: | |||
Net deferred taxes: | € 72 | € (7) | € 9 |
Income taxes (Details 1)
Income taxes (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure Of Income Tax Explanatory [Abstract] | |||
Profit (loss) before taxation | € 6,844 | € 892 | € (4,277) |
Tax rate (IRES) (%) | 24.00% | 27.50% | 27.50% |
Statutory corporation tax charge (credit) on profit or loss | € 1,643 | € 245 | € (1,176) |
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | 1,882 | 1,152 | 2,576 |
- impact pursuant to the write-off of deferred tax assets and recalculation of tax rates | (96) | 397 | 1,514 |
- effect due to the tax regime provided for intercompany dividends | 1 | 87 | 114 |
- Italian regional income tax (IRAP) | 77 | 42 | 100 |
- effect due to non-taxable gains/losses on sales of investments | (177) | 8 | (39) |
- impact pursuant to redetermination of the Italian Windfall Corporate tax as per Law 7/2009 | 61 | ||
- effect due to discontinued operations | (288) | ||
- other adjustments | 76 | 5 | 321 |
Net Tax Effect | 1,824 | 1,691 | 4,298 |
Effective tax charge | € 3,467 | € 1,936 | € 3,122 |
Income taxes (Details Textual)
Income taxes (Details Textual) - EUR (€) € in Millions | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Current tax expense (income) | € 4,021 | € 2,999 | € 4,388 | |
Applicable tax rate | 24.00% | 27.50% | 27.50% | |
Tax effect of foreign tax rates | € 1,882 | € 1,152 | € 2,576 | |
Tax Effect Of Write-off of Deferred Tax Assets and Recalculation of Tax Rates | (96) | 397 | 1,514 | |
Tax Effect Of Write-off of Deferred Tax Assets | 1,058 | |||
Tax Effect Of Regional Income Tax | 77 | 42 | 100 | |
Changes In Tax Rates Or Tax Laws Enacted Or Announced [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Applicable tax rate | 24.00% | |||
IRAP [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Tax Effect Of Write-off of Deferred Tax Assets and Recalculation of Tax Rates | 54 | |||
Outside Italy [Member] | Foreign Tax Authority [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Current tax expense (income) | 666 | |||
Italian subsidiaries [Member] | Italy [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Current tax expense (income) | 712 | 195 | 155 | |
Italian subsidiaries [Member] | Italy [Member] | IRES [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Current tax expense (income) | 26 | |||
Italian subsidiaries [Member] | Italy [Member] | IRAP [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Current tax expense (income) | 20 | |||
Exploration Production Segment [Member] | ||||
DisclosureOfIncomeTaxExplanatoryLineItems [Line Items] | ||||
Tax effect of foreign tax rates | € 1,811 | € 1,211 | € 2,410 |
Earnings per share (Details)
Earnings per share (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Earnings Per Share | |||
Weighted average number of shares used for the calculation of the basic earnings per share | 3,601,140,133 | 3,601,140,133 | 3,601,140,133 |
Potential share to be issued for ILT incentive plan | 1,691,413 | ||
Weighted average number of shares used for the calculation of the diluted earnings per share | 3,602,831,546 | 3,601,140,133 | 3,601,140,133 |
Eni's net profit | € 3,374 | € (1,464) | € (8,778) |
Basic earning (loss) per share | € 0.94 | € (0.41) | € (2.44) |
Diluted earning (loss) per share | € 0.94 | € (0.41) | € (2.44) |
Eni's net profit - Continuing operations | € 3,374 | € (1,051) | € (7,952) |
Basic earning (loss) per share | € 0.94 | € (0.29) | € (2.21) |
Diluted earning (loss) per share | € 0.94 | € (0.29) | € (2.21) |
Eni's net profit - Discontinued operations | € (413) | € (826) | |
Basic earning (loss) per share | € (0.12) | € (0.23) | |
Diluted earning (loss) per share | € (0.12) | € (0.23) |
Earnings per share (Details Tex
Earnings per share (Details Textual) - shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Earnings Per Share | |||
Adjusted weighted average number of ordinary shares outstanding | 3,601,140,133 | 3,601,140,133 | 3,601,140,133 |
Dilutive effect of share options on number of ordinary shares | 1,691,413 |
Exploration for evaluation o245
Exploration for evaluation of oil&gas resources (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Exploration For Evaluation Of Oilgas Resources | |||
Revenues related to exploration activity and evaluation | € 9 | € 4 | € 68 |
- write-off of exploration and evaluation costs | 252 | 170 | 617 |
- other exploration costs | 273 | 204 | 254 |
Exploration expense for the year | 525 | 374 | 871 |
Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs | 995 | 1,092 | 735 |
Tangible assets: capitalized exploration and evaluation costs | 1,860 | 2,818 | 2,637 |
Total tangible and intangible assets | 2,855 | 3,910 | 3,372 |
Provision for decommissioning related to exploration activity and evaluation | 81 | 118 | 131 |
Exploration expenditure (net cash used in investing activities) | 442 | 417 | 566 |
Geological and geophysical costs (cash flow from operating activities) | 273 | 204 | 254 |
Total exploration effort | € 715 | € 621 | € 820 |
Information by industry segm246
Information by industry segment and by geographical area (Details) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales to customers | € 66,919 | € 55,762 | € 72,286 | ||
Operating profit | 8,012 | 2,157 | (3,076) | ||
Net provisions for contingencies | 886 | 505 | 644 | ||
Depreciation and amortization | 7,483 | 7,559 | 8,940 | ||
Net (impairments) reversals | (225) | (475) | 6,534 | ||
Write-off | 263 | 350 | 688 | ||
Share of profit (loss) of equity-accounted investments | (267) | (326) | (471) | ||
Identifiable assets | [1] | 89,816 | 99,068 | 112,028 | [2] |
Equity-accounted investments | 3,511 | 4,040 | 2,853 | ||
Capital expenditure | 8,681 | 9,180 | 11,302 | ||
Elimination of intragroup profits [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Operating profit | 1,228 | ||||
Continuing and discontinued operation [member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales to customers | 66,919 | 55,762 | 82,550 | ||
Operating profit | 8,012 | 2,157 | (4,998) | ||
Net provisions for contingencies | 886 | 505 | 748 | ||
Depreciation and amortization | 7,483 | 7,559 | 9,558 | ||
Net (impairments) reversals | (225) | (475) | 7,124 | ||
Write-off | 263 | 350 | 688 | ||
Share of profit (loss) of equity-accounted investments | (267) | (326) | (454) | ||
Identifiable assets | [2] | 89,816 | 99,068 | 112,028 | |
Unallocated assets | 25,112 | 25,477 | 26,973 | ||
Equity-accounted investments | 3,511 | 4,040 | 2,987 | ||
Identifiable liabilities | [3] | 33,876 | 33,931 | 40,198 | |
Unallocated liabilities | 32,973 | 37,528 | 41,394 | ||
Capital expenditure | 8,681 | 9,180 | 11,302 | ||
Continuing and discontinued operation [member] | Exploration & Production Segment [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales from operations | [4] | 19,525 | 16,089 | 21,436 | |
Less: intersegment sales | (12,394) | (9,711) | (12,115) | ||
Net sales to customers | 7,131 | 6,378 | 9,321 | ||
Operating profit | 7,651 | 2,567 | (959) | ||
Net provisions for contingencies | 479 | 123 | 221 | ||
Depreciation and amortization | 6,747 | 6,772 | 8,080 | ||
Net (impairments) reversals | (158) | (700) | 5,212 | ||
Write-off | 260 | 153 | 686 | ||
Share of profit (loss) of equity-accounted investments | (99) | (198) | (446) | ||
Identifiable assets | [2] | 66,661 | 75,716 | 73,073 | |
Equity-accounted investments | 1,234 | 1,626 | 1,884 | ||
Identifiable liabilities | [3] | 17,273 | 17,433 | 17,742 | |
Capital expenditure | 7,739 | 8,254 | 9,980 | ||
Continuing and discontinued operation [member] | Gas & Power segment [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales from operations | [4] | 50,623 | 40,961 | 52,096 | |
Less: intersegment sales | (10,777) | (8,898) | (9,917) | ||
Net sales to customers | 39,846 | 32,063 | 42,179 | ||
Operating profit | 75 | (391) | (1,258) | ||
Net provisions for contingencies | (20) | 50 | 41 | ||
Depreciation and amortization | 345 | 354 | 363 | ||
Net (impairments) reversals | (146) | 81 | 152 | ||
Write-off | 2 | 2 | 2 | ||
Share of profit (loss) of equity-accounted investments | (10) | 19 | (2) | ||
Identifiable assets | [2] | 11,058 | 12,014 | 14,290 | |
Equity-accounted investments | 509 | 592 | 690 | ||
Identifiable liabilities | [3] | 8,851 | 8,923 | 9,313 | |
Capital expenditure | 142 | 120 | 154 | ||
Continuing and discontinued operation [member] | Refining & Marketing and Chemical segment [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales from operations | [4] | 22,107 | 18,733 | 22,639 | |
Less: intersegment sales | (2,336) | (1,605) | (2,007) | ||
Net sales to customers | 19,771 | 17,128 | 20,632 | ||
Operating profit | 981 | 723 | (1,567) | ||
Net provisions for contingencies | 182 | 171 | 148 | ||
Depreciation and amortization | 360 | 389 | 454 | ||
Net (impairments) reversals | 54 | 104 | 1,150 | ||
Write-off | 1 | 195 | |||
Share of profit (loss) of equity-accounted investments | (57) | (3) | (20) | ||
Identifiable assets | [2] | 11,599 | 10,712 | 10,483 | |
Equity-accounted investments | 321 | 289 | 243 | ||
Identifiable liabilities | [3] | 4,005 | 3,968 | 3,657 | |
Capital expenditure | 729 | 664 | 628 | ||
Continuing and discontinued operation [member] | Engineering & Construction [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales from operations | [4] | 11,507 | |||
Less: intersegment sales | (1,243) | ||||
Net sales to customers | 10,264 | ||||
Operating profit | (694) | ||||
Net provisions for contingencies | 104 | ||||
Depreciation and amortization | 618 | ||||
Net (impairments) reversals | 590 | ||||
Share of profit (loss) of equity-accounted investments | 17 | ||||
Identifiable assets | [2] | 13,608 | |||
Equity-accounted investments | 134 | ||||
Identifiable liabilities | [3] | 5,861 | |||
Capital expenditure | 561 | ||||
Continuing and discontinued operation [member] | Corporate And Other Activities [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales from operations | [4] | 1,462 | 1,343 | 1,468 | |
Less: intersegment sales | (1,291) | (1,150) | (1,314) | ||
Net sales to customers | 171 | 193 | 154 | ||
Operating profit | (668) | (681) | (497) | ||
Net provisions for contingencies | 245 | 438 | 226 | ||
Depreciation and amortization | 60 | 72 | 71 | ||
Net (impairments) reversals | 25 | 40 | 20 | ||
Share of profit (loss) of equity-accounted investments | (101) | (144) | (3) | ||
Identifiable assets | [2] | 1,108 | 1,146 | 1,117 | |
Equity-accounted investments | 1,447 | 1,533 | 36 | ||
Identifiable liabilities | [3] | 4,053 | 3,939 | 3,824 | |
Capital expenditure | 87 | 55 | 64 | ||
Continuing and discontinued operation [member] | Adjustments of intragroup profits [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Operating profit | (27) | (61) | (23) | ||
Net provisions for contingencies | (277) | 8 | |||
Depreciation and amortization | (29) | (28) | (28) | ||
Identifiable assets | [2] | (610) | (520) | (543) | |
Identifiable liabilities | [3] | (306) | (332) | (199) | |
Capital expenditure | € (16) | € 87 | (85) | ||
Discontinued operations [member] | Engineering & Construction [Member] | |||||
DisclosureOfEntitysReportableSegmentsExplanatoryLineItems [Line Items] | |||||
Net sales to customers | (10,264) | ||||
Operating profit | 694 | ||||
Net provisions for contingencies | (104) | ||||
Depreciation and amortization | (618) | ||||
Net (impairments) reversals | (590) | ||||
Share of profit (loss) of equity-accounted investments | (17) | ||||
Equity-accounted investments | € (134) | ||||
[1] | Each individual amount included herein was lower than €50 million. | ||||
[2] | Includes assets directly associated with the generation of operating profit. | ||||
[3] | Includes liabilities directly associated with the generation of operating profit. | ||||
[4] | Before elimination of intersegment sales. |
Information by industry segm247
Information by industry segment and by geographical area (Details 1) - EUR (€) € in Millions | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | € 89,816 | € 99,068 | € 112,028 | [2] |
Capital expenditure in tangible and intangible assets | 8,681 | 9,180 | 11,302 | ||
Italy [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 18,449 | 18,769 | 21,360 | |
Capital expenditure in tangible and intangible assets | 1,090 | 1,163 | 1,320 | ||
Other European [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 7,706 | 7,370 | 12,370 | |
Capital expenditure in tangible and intangible assets | 316 | 331 | 708 | ||
Rest of Europe [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 6,160 | 6,960 | 7,937 | |
Capital expenditure in tangible and intangible assets | 387 | 460 | 1,151 | ||
Americas [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 4,406 | 5,397 | 7,442 | |
Capital expenditure in tangible and intangible assets | 278 | 233 | 727 | ||
Asia [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 16,527 | 19,471 | 22,359 | |
Capital expenditure in tangible and intangible assets | 898 | 1,978 | 2,326 | ||
Africa [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 35,385 | 39,812 | 38,927 | |
Capital expenditure in tangible and intangible assets | 5,699 | 5,004 | 5,020 | ||
Other areas [Member] | |||||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||||
Identifiable assets | [1] | 1,183 | 1,289 | 1,633 | |
Capital expenditure in tangible and intangible assets | € 13 | € 11 | € 50 | ||
[1] | Each individual amount included herein was lower than €50 million. | ||||
[2] | Includes assets directly associated with the generation of operating profit. |
Information by industry segm248
Information by industry segment and by geographical area (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | € 66,919 | € 55,762 | € 72,286 |
Italy [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | 21,925 | 21,280 | 24,405 |
Other European [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | 19,791 | 15,808 | 20,730 |
Rest of Europe [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | 5,911 | 4,804 | 7,125 |
Americas [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | 5,154 | 3,212 | 4,217 |
Asia [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | 7,523 | 5,619 | 9,086 |
Africa [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | 6,428 | 4,865 | 6,482 |
Other areas [Member] | |||
DisclosureOfSegmentalAnalysisLineItems [Line Items] | |||
Net sales from operations | € 187 | € 174 | € 241 |
Transactions with related pa249
Transactions with related parties (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Other Revenues | € 4,058 | € 931 | € 1,252 | |
Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 833 | |||
Payables and other liabilities | 1,663 | |||
Guarantees | 6,301 | |||
Goods Costs | 1,488 | |||
Services Costs | 5,318 | |||
Other Costs | 131 | |||
Goods Revenues | 957 | |||
Services Revenues | 385 | |||
Other Revenues | 69 | |||
Other operating (expense) income | 96 | |||
Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 303 | |||
Payables and other liabilities | 207 | |||
Guarantees | 68 | |||
Goods Costs | 10 | |||
Services Costs | 186 | |||
Other Costs | 6 | |||
Goods Revenues | 1 | |||
Services Revenues | 342 | |||
Other Revenues | 1 | |||
Continuing and Discontinued operations [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 910 | 1,095 | 1,136 | |
Payables and other liabilities | 2,891 | 2,400 | 1,870 | |
Guarantees | 8,603 | 8,399 | 6,369 | |
Goods Costs | 1,212 | 1,038 | 1,498 | |
Services Costs | 7,712 | 7,103 | 5,504 | |
Other Costs | 274 | 95 | 137 | |
Goods Revenues | 1,056 | 855 | 958 | |
Services Revenues | 511 | 383 | 727 | |
Other Revenues | 41 | 74 | 70 | |
Other operating (expense) income | 331 | 247 | 96 | |
Pension funds and foundations [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 1 | |||
Payables and other liabilities | 2 | 2 | ||
Services Costs | 4 | |||
Other Costs | 25 | 28 | ||
Goods Revenues | 1 | |||
Pension funds and foundations [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 1 | |||
Payables and other liabilities | 2 | |||
Services Costs | 4 | |||
Other Costs | 50 | |||
Pension funds and foundations [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Other Costs | 1 | |||
Groupement Sonatrach - Agip and Organe Conjoint des Operations [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 39 | 176 | ||
Payables and other liabilities | 145 | 331 | ||
Goods Costs | 19 | 5 | ||
Services Costs | 484 | 413 | ||
Other Costs | 27 | 5 | ||
Services Revenues | 42 | 58 | ||
Other Revenues | 12 | |||
Groupement Sonatrach - Agip and Organe Conjoint des Operations [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 185 | |||
Payables and other liabilities | 300 | |||
Services Costs | 453 | |||
Other Costs | 12 | |||
Goods Revenues | 35 | |||
Services Revenues | 60 | |||
Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 295 | 458 | ||
Payables and other liabilities | 1,731 | 1,152 | ||
Guarantees | 8,421 | 8,152 | ||
Goods Costs | 713 | 610 | ||
Services Costs | 4,629 | 3,789 | ||
Other Costs | 7 | 18 | ||
Goods Revenues | 289 | 195 | ||
Services Revenues | 105 | 82 | ||
Other Revenues | 18 | 40 | ||
Other operating (expense) income | 28 | 47 | ||
Joint ventures and associates [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 199 | |||
Payables and other liabilities | 473 | |||
Guarantees | 6,185 | |||
Goods Costs | 821 | |||
Services Costs | 1,596 | |||
Other Costs | 9 | |||
Goods Revenues | 60 | |||
Services Revenues | 99 | |||
Other Revenues | 37 | |||
Other operating (expense) income | (6) | |||
Joint ventures and associates [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 277 | |||
Payables and other liabilities | 155 | |||
Guarantees | 68 | |||
Goods Costs | 10 | |||
Services Costs | 181 | |||
Other Costs | 5 | |||
Goods Revenues | 1 | |||
Services Revenues | 306 | |||
Other Revenues | 1 | |||
Joint ventures and associates [Member] | Petrobel Belayim Petroleum Co [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 86 | 225 | ||
Payables and other liabilities | 1,205 | 532 | ||
Services Costs | 3,168 | 1,940 | ||
Services Revenues | 8 | |||
Other Revenues | 2 | |||
Joint ventures and associates [Member] | Petrobel Belayim Petroleum Co [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 16 | |||
Payables and other liabilities | 183 | |||
Services Costs | 543 | |||
Joint ventures and associates [Member] | Petrobel Belayim Petroleum Co [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 19 | |||
Services Revenues | 86 | |||
Joint ventures and associates [Member] | Coral FLNG SA [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 20 | |||
Payables and other liabilities | 4 | |||
Guarantees | 1,094 | |||
Services Revenues | 26 | |||
Other Revenues | 2 | |||
Joint ventures and associates [Member] | Saipem Group [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 63 | 64 | ||
Payables and other liabilities | 76 | 224 | ||
Guarantees | 7,270 | 8,094 | ||
Services Costs | 450 | 775 | ||
Other Costs | 6 | |||
Goods Revenues | 5 | 9 | ||
Services Revenues | 30 | 37 | ||
Other Revenues | 9 | 5 | ||
Joint ventures and associates [Member] | Karachaganak Petroleum Operating BV [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 36 | 47 | ||
Payables and other liabilities | 121 | 187 | ||
Goods Costs | 652 | 573 | ||
Services Costs | 295 | 333 | ||
Other Costs | 4 | 12 | ||
Goods Revenues | 7 | |||
Services Revenues | 1 | |||
Other Revenues | 19 | |||
Joint ventures and associates [Member] | Karachaganak Petroleum Operating BV [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 48 | |||
Payables and other liabilities | 171 | |||
Goods Costs | 748 | |||
Services Costs | 403 | |||
Other Costs | 8 | |||
Services Revenues | 10 | |||
Joint ventures and associates [Member] | Mellitah Oil & Gas BV [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 5 | 7 | ||
Payables and other liabilities | 220 | 134 | ||
Goods Costs | 34 | 5 | ||
Services Costs | 461 | 472 | ||
Services Revenues | 2 | |||
Joint ventures and associates [Member] | Mellitah Oil & Gas BV [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 8 | |||
Payables and other liabilities | 16 | |||
Goods Costs | 46 | |||
Services Costs | 339 | |||
Services Revenues | 19 | |||
Joint ventures and associates [Member] | Mellitah Oil & Gas BV [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 9 | |||
Services Costs | 7 | |||
Joint ventures and associates [Member] | Agiba Petroleum Co [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 1 | 1 | ||
Payables and other liabilities | 83 | 50 | ||
Services Costs | 142 | 156 | ||
Joint ventures and associates [Member] | Agiba Petroleum Co [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 6 | |||
Payables and other liabilities | 60 | |||
Services Costs | 187 | |||
Joint ventures and associates [Member] | Union Fenosa Gas SA [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | 57 | 57 | ||
Goods Costs | 1 | |||
Other Costs | 2 | |||
Goods Revenues | 202 | 93 | ||
Other Revenues | 1 | |||
Other operating (expense) income | 28 | |||
Joint ventures and associates [Member] | Union Fenosa Gas SA [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 1 | |||
Guarantees | 57 | |||
Other operating (expense) income | (4) | |||
Joint ventures and associates [Member] | Other [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 84 | 114 | |
Payables and other liabilities | [1] | 22 | 25 | |
Guarantees | [1] | 1 | ||
Goods Costs | [1] | 26 | 32 | |
Services Costs | [1] | 113 | 113 | |
Other Costs | [1] | 1 | ||
Goods Revenues | [1] | 82 | 86 | |
Services Revenues | [1] | 39 | 44 | |
Other Revenues | [1] | 7 | 13 | |
Other operating (expense) income | [1] | 47 | ||
Joint ventures and associates [Member] | Other [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 118 | ||
Payables and other liabilities | [1] | 42 | ||
Goods Costs | [1] | 27 | ||
Services Costs | [1] | 124 | ||
Other Costs | [1] | 1 | ||
Goods Revenues | [1] | 60 | ||
Services Revenues | [1] | 70 | ||
Other Revenues | [1] | 37 | ||
Other operating (expense) income | [1] | (2) | ||
Joint ventures and associates [Member] | Other [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 14 | ||
Payables and other liabilities | [1] | 27 | ||
Goods Costs | [1] | 10 | ||
Services Costs | [1] | 54 | ||
Goods Revenues | [1] | 1 | ||
Services Revenues | [1] | 21 | ||
Other Revenues | [1] | 1 | ||
Joint ventures and associates [Member] | CEPAV Due [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Payables and other liabilities | 1 | |||
Joint ventures and associates [Member] | CEPAV Due [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 60 | |||
Payables and other liabilities | 99 | |||
Guarantees | 68 | |||
Services Costs | 101 | |||
Services Revenues | 145 | |||
Joint ventures and associates [Member] | CEPAV Uno [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | 6,122 | |||
Joint ventures and associates [Member] | CEPAV Uno [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 9 | |||
Payables and other liabilities | 3 | |||
Services Costs | 3 | |||
Services Revenues | 1 | |||
Joint ventures and associates [Member] | Petromar Lda [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 2 | |||
Guarantees | 6 | |||
Joint ventures and associates [Member] | Petromar Lda [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 97 | |||
Payables and other liabilities | 16 | |||
Services Costs | 16 | |||
Services Revenues | 45 | |||
Joint ventures and associates [Member] | KWANDA - Suporte Logistico Lda [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 69 | |||
Payables and other liabilities | 10 | |||
Other Costs | 5 | |||
Services Revenues | 8 | |||
Unconsolidated entities controlled by Eni [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 97 | 78 | ||
Payables and other liabilities | 24 | 17 | ||
Guarantees | 181 | 246 | ||
Goods Costs | 4 | 4 | ||
Services Costs | 10 | 4 | ||
Goods Revenues | 2 | 6 | ||
Services Revenues | 11 | 4 | ||
Other Revenues | 1 | 2 | ||
Unconsolidated entities controlled by Eni [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 82 | |||
Payables and other liabilities | 20 | |||
Guarantees | 113 | |||
Goods Costs | 2 | |||
Services Costs | 2 | |||
Goods Revenues | 4 | |||
Services Revenues | 5 | |||
Other Revenues | 2 | |||
Unconsolidated entities controlled by Eni [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 1 | |||
Payables and other liabilities | 1 | |||
Services Costs | 2 | |||
Unconsolidated entities controlled by Eni [Member] | Other [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 20 | 9 | |
Payables and other liabilities | [1] | 23 | 16 | |
Guarantees | [1] | 7 | 51 | |
Goods Costs | [1] | 4 | 4 | |
Services Costs | [1] | 10 | 4 | |
Goods Revenues | [1] | 2 | 6 | |
Services Revenues | [1] | 4 | 2 | |
Other Revenues | [1] | 1 | 2 | |
Unconsolidated entities controlled by Eni [Member] | Other [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 17 | ||
Payables and other liabilities | [1] | 19 | ||
Guarantees | [1] | 3 | ||
Goods Costs | [1] | 2 | ||
Services Costs | [1] | 2 | ||
Goods Revenues | [1] | 4 | ||
Services Revenues | [1] | 2 | ||
Other Revenues | [1] | 2 | ||
Unconsolidated entities controlled by Eni [Member] | Other [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 1 | ||
Payables and other liabilities | [1] | 1 | ||
Services Costs | [1] | 2 | ||
Unconsolidated entities controlled by Eni [Member] | Eni BTC Ltd [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | 169 | 192 | ||
Unconsolidated entities controlled by Eni [Member] | Industria Siciliana Acido Fosforico - ISAF SPA [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 77 | 69 | ||
Payables and other liabilities | 1 | 1 | ||
Guarantees | 5 | 3 | ||
Services Revenues | 7 | 2 | ||
Unconsolidated entities controlled by Eni [Member] | Industria Siciliana Acido Fosforico - ISAF SPA [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 65 | |||
Payables and other liabilities | 1 | |||
Guarantees | 9 | |||
Services Revenues | 3 | |||
Unconsolidated entities controlled by Eni [Member] | Eni Mexico S. de RL de CV [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | 101 | |||
Joint venture and associate and Unconsolidated entities controlled by reporting entity [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 392 | 536 | ||
Payables and other liabilities | 1,755 | 1,169 | ||
Guarantees | 8,602 | 8,398 | ||
Goods Costs | 717 | 614 | ||
Services Costs | 4,639 | 3,793 | ||
Other Costs | 7 | 18 | ||
Goods Revenues | 291 | 201 | ||
Services Revenues | 116 | 86 | ||
Other Revenues | 19 | 42 | ||
Other operating (expense) income | 28 | 47 | ||
Joint venture and associate and Unconsolidated entities controlled by reporting entity [member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 281 | |||
Payables and other liabilities | 493 | |||
Guarantees | 6,298 | |||
Goods Costs | 823 | |||
Services Costs | 1,598 | |||
Other Costs | 9 | |||
Goods Revenues | 64 | |||
Services Revenues | 104 | |||
Other Revenues | 39 | |||
Other operating (expense) income | (6) | |||
Entities controlled by the Government [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 478 | 383 | ||
Payables and other liabilities | 989 | 898 | ||
Guarantees | 1 | 1 | ||
Goods Costs | 476 | 419 | ||
Services Costs | 2,589 | 2,893 | ||
Other Costs | 215 | 44 | ||
Goods Revenues | 764 | 654 | ||
Services Revenues | 353 | 239 | ||
Other Revenues | 22 | 20 | ||
Other operating (expense) income | 303 | 200 | ||
Entities controlled by the Government [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 366 | |||
Payables and other liabilities | 868 | |||
Guarantees | 3 | |||
Goods Costs | 665 | |||
Services Costs | 3,263 | |||
Other Costs | 60 | |||
Goods Revenues | 858 | |||
Services Revenues | 221 | |||
Other Revenues | 30 | |||
Other operating (expense) income | 102 | |||
Entities controlled by the Government [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 25 | |||
Payables and other liabilities | 51 | |||
Services Costs | 3 | |||
Services Revenues | 36 | |||
Entities controlled by the Government [Member] | Other [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 50 | 43 | |
Payables and other liabilities | [1] | 21 | 24 | |
Goods Costs | [1] | 2 | ||
Services Costs | [1] | 27 | 37 | |
Other Costs | [1] | 9 | ||
Goods Revenues | [1] | 11 | 62 | |
Services Revenues | [1] | 4 | 6 | |
Other Revenues | [1] | 1 | ||
Other operating (expense) income | [1] | 1 | ||
Entities controlled by the Government [Member] | Other [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | [1] | 22 | ||
Payables and other liabilities | [1] | 38 | ||
Services Costs | [1] | 56 | ||
Other Costs | [1] | 6 | ||
Goods Revenues | [1] | 29 | ||
Services Revenues | [1] | 1 | ||
Entities controlled by the Government [Member] | Other [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Services Costs | [1] | 3 | ||
Entities controlled by the Government [Member] | Other [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Payables and other liabilities | [1] | 5 | ||
Entities controlled by the Government [Member] | Enel Group [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 123 | 151 | ||
Payables and other liabilities | 187 | 254 | ||
Goods Costs | 19 | 28 | ||
Services Costs | 603 | 780 | ||
Goods Revenues | 94 | 88 | ||
Services Revenues | 70 | 95 | ||
Other Revenues | 18 | |||
Other operating (expense) income | 285 | 182 | ||
Entities controlled by the Government [Member] | Enel Group [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 138 | |||
Payables and other liabilities | 203 | |||
Services Costs | 1,063 | |||
Goods Revenues | 196 | |||
Services Revenues | 134 | |||
Other operating (expense) income | 90 | |||
Entities controlled by the Government [Member] | Snam Group [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 187 | 44 | ||
Payables and other liabilities | 351 | 541 | ||
Guarantees | 1 | |||
Goods Costs | 68 | 125 | ||
Services Costs | 1,153 | 1,902 | ||
Other Costs | 5 | |||
Goods Revenues | 83 | 99 | ||
Services Revenues | 2 | 14 | ||
Entities controlled by the Government [Member] | Snam Group [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 144 | |||
Payables and other liabilities | 522 | |||
Guarantees | 3 | |||
Goods Costs | 137 | |||
Services Costs | 2,014 | |||
Other Costs | 5 | |||
Goods Revenues | 249 | |||
Services Revenues | 24 | |||
Other Revenues | 1 | |||
Entities controlled by the Government [Member] | Snam Group [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 25 | |||
Payables and other liabilities | 46 | |||
Services Revenues | 36 | |||
Entities controlled by the Government [Member] | Terna Group [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 35 | 33 | ||
Payables and other liabilities | 31 | 46 | ||
Goods Costs | 84 | 60 | ||
Services Costs | 122 | 165 | ||
Other Costs | 6 | 7 | ||
Goods Revenues | 98 | 61 | ||
Services Revenues | 56 | 56 | ||
Other operating (expense) income | 15 | 13 | ||
Entities controlled by the Government [Member] | Terna Group [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 18 | |||
Payables and other liabilities | 42 | |||
Goods Costs | 109 | |||
Services Costs | 125 | |||
Other Costs | 14 | |||
Goods Revenues | 77 | |||
Services Revenues | 19 | |||
Other Revenues | 29 | |||
Other operating (expense) income | 12 | |||
Entities controlled by the Government [Member] | GSE [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 69 | 58 | ||
Payables and other liabilities | 219 | 32 | ||
Goods Costs | 303 | 206 | ||
Services Costs | 6 | 5 | ||
Other Costs | 197 | 32 | ||
Goods Revenues | 470 | 344 | ||
Services Revenues | 211 | 68 | ||
Other Revenues | 21 | 2 | ||
Other operating (expense) income | 2 | 5 | ||
Entities controlled by the Government [Member] | GSE [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 44 | |||
Payables and other liabilities | 63 | |||
Goods Costs | 419 | |||
Services Costs | 5 | |||
Other Costs | 35 | |||
Goods Revenues | 307 | |||
Services Revenues | € 43 | |||
Entities controlled by the Government [Member] | Italgas Group [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables and other assets | 14 | 54 | ||
Payables and other liabilities | 180 | 1 | ||
Guarantees | 1 | |||
Services Costs | 678 | € 4 | ||
Other Costs | 3 | |||
Goods Revenues | 8 | |||
Services Revenues | € 10 | |||
[1] | Each individual amount included herein was lower than €50 million. |
Transactions with related pa250
Transactions with related parties (Details 1) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | € 1,226 | € 1,378 | € 1,530 | |
Payables | 95 | 85 | 97 | |
Guarantees | 1,625 | 84 | 12 | |
Charges | 1 | 141 | 50 | |
Gains | 190 | 156 | 81 | |
Income from equity instruments | 27 | |||
Joint ventures and associates [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 5 | |||
Guarantees | 150 | |||
Unconsolidated entities controlled by Eni [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 61 | 46 | 51 | |
Payables | 61 | 106 | 111 | |
Charges | 1 | |||
Gains | 1 | 1 | 1 | |
Entities controlled by the Government [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 27 | |||
Payables | 8 | |||
Charges | 3 | 3 | ||
Gains | 1 | |||
Financing Transactions With Related Parties [Member] | Continuing operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 1,287 | 1,424 | 1,608 | |
Payables | 164 | 191 | 208 | |
Guarantees | 1,625 | 84 | 12 | |
Charges | 4 | 145 | 50 | |
Gains | 191 | 157 | 83 | |
Income from equity instruments | 27 | |||
Financing Transactions With Related Parties [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables, Discontinued operations | 5 | |||
Guarantees, Discontinued operations | 150 | |||
Financing Transactions With Related Parties [Member] | Continuing and Discontinued operations [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 1,613 | |||
Payables | 208 | |||
Guarantees | 162 | |||
Charges | 50 | |||
Gains | 83 | |||
CARDON IV SA [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 955 | 1,054 | 1,112 | |
Gains | 86 | 96 | 65 | |
Coral South FLNG D MCC [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | 1,334 | |||
Angola LNG Ltd [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | 233 | |||
Matrica SpA [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 125 | 209 | ||
Charges | 93 | 10 | ||
Gains | 9 | 9 | 11 | |
Shatskmorneftegaz Sarl [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 101 | 69 | 63 | |
Charges | 13 | 21 | ||
Gains | 6 | 4 | ||
Societe Centrale Electrique du Congo SA [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 66 | 78 | 94 | |
Payables | 43 | |||
Charges | 18 | |||
Saipem Group [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Payables | 3 | |||
Guarantees | 56 | 82 | ||
Gains | 13 | 43 | ||
Income from equity instruments | 27 | |||
Coral FLNG SA [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 56 | |||
Gains | 71 | |||
Union Fenosa Gas SA [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Payables | 85 | 90 | ||
Eni BTC Ltd [Member] | Unconsolidated entities controlled by Eni [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Payables | 28 | 54 | ||
Servizi Fondo Bombole Metano SpA [Member] | Unconsolidated entities controlled by Eni [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | 60 | |||
Payables | 9 | |||
Gains | 1 | |||
Other [Member] | Joint ventures and associates [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | [1] | 48 | 52 | 52 |
Payables | [1] | 49 | 7 | |
Guarantees | [1] | 2 | 2 | 12 |
Charges | [1] | 1 | 17 | 19 |
Gains | [1] | 5 | 4 | 5 |
Other [Member] | Joint ventures and associates [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | [1] | 5 | ||
Other [Member] | Unconsolidated entities controlled by Eni [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | [1] | 1 | 46 | 51 |
Payables | [1] | 24 | 52 | 111 |
Charges | [1] | 1 | ||
Gains | [1] | 1 | 1 | |
Other [Member] | Entities controlled by the Government [Member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Receivables | [1] | 27 | ||
Payables | [1] | 8 | ||
Charges | [1] | € 3 | € 3 | |
Gains | [1] | 1 | ||
CEPA V Due [Member] | Joint ventures and associates [Member] | Discontinued operations [member] | ||||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | ||||
Guarantees | € 150 | |||
[1] | Each individual amount included herein was lower than €50 million. |
Transactions with related pa251
Transactions with related parties (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Trade and other receivables | € 15,737 | € 17,593 | |
Other current assets | 1,573 | 2,591 | |
Other non-current financial assets | 1,675 | 1,860 | |
Other non-current assets | 1,323 | 1,348 | |
Current financial liabilities | 2,242 | 3,396 | |
Trade and other payables | 16,748 | 16,703 | |
Other current liabilities | 1,515 | 2,599 | |
Other non-current liabilities | 1,479 | 1,768 | |
Net sales from operations | 66,919 | 55,762 | € 72,286 |
Other income and revenues | 4,058 | 931 | 1,252 |
Purchases, services and other | 52,461 | 44,124 | 56,848 |
Payroll and related costs | 2,951 | 2,994 | 3,119 |
Other operating (expense) income | (32) | 16 | (485) |
Financial income | 3,924 | 5,850 | 8,635 |
Financial expense | 5,886 | 6,232 | 10,104 |
Derivative financial instruments | € 837 | € (482) | 160 |
Total revenues | 10,277 | ||
Total costs | € (12,199) | ||
Net sales from operations, Percentage | 2.34% | 2.22% | 1.86% |
Other income and revenues, Percentage | 1.01% | 7.95% | 5.51% |
Purchases, services and other, Percentage | 17.47% | 18.61% | 12.11% |
Payroll and related costs, Percentage | 1.15% | 0.80% | 1.76% |
Other operating (expense) income, Percentage | 0.00% | 0.00% | 0.00% |
Financial income, Percentage | 4.87% | 2.69% | 0.96% |
Financial expense, Percentage | 0.07% | 2.33% | 0.49% |
Derivative financial instruments, Percentage | 0.00% | ||
Total revenues, Percentage | 3.35% | ||
Operating costs, Percentage | 1.66% | ||
Other operating income (loss) | € (32) | € 16 | € (485) |
Net change in trade and other receivables and liabilities | 657 | 1,286 | 4,944 |
Net interests | 104 | 160 | 81 |
Net cash provided from operating activities - Continuing operations | 10,117 | 7,673 | 12,875 |
Net cash provided from operating activities - Discontinued operations | (1,226) | ||
Net cash provided from operating activities | 10,117 | 7,673 | 11,649 |
Net cash used in investing activities | (3,768) | (4,443) | (10,923) |
Net cash used in financing activities | (4,595) | (3,651) | (1,351) |
Related parties [member] | |||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Trade and other receivables | 907 | 1,100 | |
Other current assets | 30 | 57 | |
Other non-current financial assets | 1,214 | 1,349 | |
Other non-current assets | 46 | 13 | |
Current financial liabilities | 164 | 191 | |
Trade and other payables | 2,808 | 2,289 | |
Other current liabilities | 60 | 88 | |
Other non-current liabilities | € 23 | € 23 | |
Trade and other receivables, Percentage | 5.76% | 6.25% | |
Other current assets, Percentage | 1.91% | 2.20% | |
Other non-current financial assets, Percentage | 72.48% | 72.53% | |
Other non-current assets, Percentage | 3.48% | 0.96% | |
Current financial liabilities, Percentage | 7.31% | 5.62% | |
Trade and other payables, Percentage | 16.77% | 13.70% | |
Other current liabilities, Percentage | 3.96% | 3.39% | |
Other non-current liabilities, Percentage | 1.56% | 1.30% | |
Net sales from operations | € 1,567 | € 1,238 | 1,342 |
Other income and revenues | 41 | 74 | 69 |
Purchases, services and other | 9,164 | 8,212 | 6,882 |
Payroll and related costs | 34 | 24 | 55 |
Other operating (expense) income | 331 | 247 | 96 |
Financial income | 191 | 157 | 83 |
Financial expense | 4 | 145 | 50 |
Derivative financial instruments | 27 | ||
Total revenues | 344 | ||
Total costs | (202) | ||
Revenues and other income | 1,608 | 1,312 | 1,411 |
Costs and other expenses | (5,360) | (5,623) | (5,786) |
Other operating income (loss) | 331 | 247 | 96 |
Net change in trade and other receivables and liabilities | 391 | 182 | 105 |
Net interests | 187 | 133 | 82 |
Net cash provided from operating activities - Continuing operations | (2,843) | (3,749) | (4,092) |
Net cash provided from operating activities - Discontinued operations | 126 | ||
Net cash provided from operating activities | (2,843) | (3,749) | (3,966) |
Capital expenditure in tangible and intangible assets | (3,838) | (2,613) | (1,151) |
Disposal of investments | 463 | ||
Net change in accounts payable and receivable in relation to investments | 425 | 252 | (238) |
Change in financial receivables | 298 | 5,650 | (194) |
Net cash used in investing activities | (3,115) | 3,752 | (1,583) |
Change in financial liabilities | (16) | (192) | 13 |
Net cash used in financing activities | (16) | (192) | 13 |
Total financial flows to related parties | € (5,974) | € (189) | € (5,536) |
Cash provided from operating activities, Percentage | 0.00% | 0.00% | 0.00% |
Cash used in investing activities, Percentage | 82.67% | 0.00% | 14.49% |
Cash used in financing activities, Percentage | 0.35% | 5.26% | 0.00% |
Transactions with related pa252
Transactions with related parties (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Provisions to pension funds | € 34 | ||
Finance costs | 5,886 | € 6,232 | € 10,104 |
Vodafone Italia SpA [Member] | |||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Service Expense | 8 | ||
Eni Foundation [Member] | |||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Contributions And Service Provisions To Foundation | 2 | ||
Eni Enrico Mattei [Member] | |||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Contributions And Service Provisions To Foundation | 4 | ||
Related parties [member] | |||
DisclosureOfTransactionsWithRelatedPartiesLineItems [Line Items] | |||
Finance costs | € 242 |
Other information about inve253
Other information about investments (Details) | 12 Months Ended | ||
Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |
Parent [Member] | |||
Disclosure of subsidiaries [line items] | |||
Share capital | € 4,005,358,876 | ||
Parent [Member] | Cassa Depositi ePrestiti SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Name of parent entity | [1] | Eni SpA(#) | |
Registered office | Rome | ||
Principal place of business | Italy | ||
Name of Shareholders | Cassa Depositi e Prestiti SpA | ||
Equity Method Investments, Ownership Percentage | 25.76 | ||
Parent [Member] | Ministero dell Economia e delle Finanze [Member] | |||
Disclosure of subsidiaries [line items] | |||
Name of Shareholders | Ministero dellEconomia e delle Finanze | ||
Equity Method Investments, Ownership Percentage | 4.34 | ||
Parent [Member] | Eni SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Name of Shareholders | Eni SpA | ||
Equity Method Investments, Ownership Percentage | 0.91 | ||
Parent [Member] | Other Shareholders [Member] | |||
Disclosure of subsidiaries [line items] | |||
Name of Shareholders | Other shareholders | ||
Equity Method Investments, Ownership Percentage | 68.99 | ||
[1] | Company with shares quoted in the regulated market of Italy or of other EU countries |
Other information about inve254
Other information about investments (Details 1) - EUR (€) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of subsidiaries [line items] | |||
Share Capital | € 4,005,000,000 | € 4,005,000,000 | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Angola SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Angola | ||
Share Capital | € 20,200,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Mediterranea Idrocarburi SpA | ||
Registered office | Gela (CL) | ||
Country of operation | Italy | ||
Share Capital | € 5,200,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Three [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Mozambico SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Mozambique | ||
Share Capital | € 200,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Four [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Timor Leste SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | East Timor | ||
Share Capital | € 6,841,517 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Five [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni West Africa SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Angola | ||
Share Capital | € 10,000,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Six [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Zubair SpA (in liquidation) | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share Capital | € 120,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
Consolidation or valutation method | [1] | Co. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Seven [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | EniProgetti SpA (former Tecnomare - Societa per lo Sviluppo delle Tecnologie Marine SpA) | ||
Registered office | Venezia Marghera (VE) | ||
Country of operation | Italy | ||
Share Capital | € 2,064,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Eight [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Floaters SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share Capital | € 200,120,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Nine [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Ieoc SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Egypt | ||
Share Capital | € 18,331,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Societa Petrolifera | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share Capital | € 24,103,200 | ||
% Equity ratio | 99.96% | ||
Consolidation or valutation method | [1] | F.C. | |
Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | Eni SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni SpA | ||
% Ownership | 99.96% | ||
Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | Other Related Parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 0.04% | ||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |
Other information about inve255
Other information about investments (Details 2) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2017NGN (₦) | Dec. 31, 2017ARS ($) | Dec. 31, 2017XAF ( ) | Dec. 31, 2017BRL (R$) | Dec. 31, 2017NOK (kr) | Dec. 31, 2017CDF (CF) | Dec. 31, 2017AUD ($) | Dec. 31, 2017GHS (GH₵) | Dec. 31, 2017MXN ($) | Dec. 31, 2017TTD ($) | Dec. 31, 2017UAH (₴) | Dec. 31, 2017EGP (ج.م.) | Dec. 31, 2017DZD (دج) | Dec. 31, 2017CAD ($) | Dec. 31, 2017RUB (₽) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Share Capital | € 4,005,000,000 | € 4,005,000,000 | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Agip Caspian Sea BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Kazakhstan | |||||||||||||||||||
Share Capital | € 20,005 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
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% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 95.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 5.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Agip Karachaganak BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Kazakhstan | |||||||||||||||||||
Share Capital | € 20,005 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Agip Oil Ecuador BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Agip Oleoducto de Crudos Pesados BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands | |||||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren (Cyprus) Holdings Ltd (in liquidation) | |||||||||||||||||||
Registered office | Nicosia (Cyprus) | |||||||||||||||||||
Country of operation | Cyprus | |||||||||||||||||||
Share Capital | € 1,710 | |||||||||||||||||||
Shareholders | Burren En.(Berm)Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Co. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Energy (Bermuda) Ltd | |||||||||||||||||||
Registered office | Hamilton (Bermuda) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | $ | $ 12,002 | |||||||||||||||||||
Shareholders | Burren Energy Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Energy Congo Ltd | |||||||||||||||||||
Registered office | Tortola (British Virgin Islands) | |||||||||||||||||||
Country of operation | Republic of the Congo | |||||||||||||||||||
Share Capital | $ | 50,000 | |||||||||||||||||||
Shareholders | Burren En.(Berm)Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Energy (Egypt) Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Egypt | |||||||||||||||||||
Share Capital | £ | £ 2 | |||||||||||||||||||
Shareholders | Burren Energy Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Energy India Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 2 | |||||||||||||||||||
Shareholders | Burren Energy Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eleven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Energy Plc | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 28,819,023 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eleven [Member] | Eni UK Holding Plc [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni UK Holding Plc | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eleven [Member] | Eni UK Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twelve [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Energy Ship Management Ltd (in liquidation) | |||||||||||||||||||
Registered office | Nicosia (Cyprus) | |||||||||||||||||||
Country of operation | Cyprus | |||||||||||||||||||
Share Capital | € 3,420 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Co. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twelve [Member] | Burren (Cyp) Hold.Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Burren(Cyp) Hold.Ltd (L) | |||||||||||||||||||
% Ownership | 50.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twelve [Member] | Burren En.(Berm) Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Burren En. (Berm)Ltd | |||||||||||||||||||
% Ownership | 50.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Thirteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Burren Shakti Ltd | |||||||||||||||||||
Registered office | Hamilton (Bermuda) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | $ | 65,300,000 | |||||||||||||||||||
Shareholders | Burren En. India Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Abu Dhabi BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni AEP Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Pakistan | |||||||||||||||||||
Share Capital | £ | 73,471,000 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Algeria Exploration BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Algeria | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventeen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Algeria Ltd Sarl | |||||||||||||||||||
Registered office | Luxembourg (Luxembourg) | |||||||||||||||||||
Country of operation | Algeria | |||||||||||||||||||
Share Capital | $ | 20,000 | |||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Algeria Production BV | |||||||||||||||||||
Registered office | Amsterdam | |||||||||||||||||||
Country of operation | Algeria | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nineteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ambalat Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni America Ltd | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 72,000 | |||||||||||||||||||
Shareholders | Eni UHL Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Angola Exploration BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Angola | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Angola Production BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Angola | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Argentina Exploración y Explotación SA | |||||||||||||||||||
Registered office | Buenos Aires (Argentina) | |||||||||||||||||||
Country of operation | Argentina | |||||||||||||||||||
Share Capital | $ | $ 24,136,336 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Three [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 95.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Three [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 5.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Arguni I Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Australia BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Australia | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Australia Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Australia | |||||||||||||||||||
Share Capital | £ | 20,000,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni BB Petroleum Inc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 1,000 | |||||||||||||||||||
Shareholders | Eni Petroleum Co Inc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni BTC Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 34,000,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Bukat Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Bulungan BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Canada Holding Ltd | |||||||||||||||||||
Registered office | Calgary (Canada) | |||||||||||||||||||
Country of operation | Canada | |||||||||||||||||||
Share Capital | $ | 1,453,200,001 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni CBM Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | $ | 2,210,728 | |||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni China BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | China | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
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% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 0.005% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | Eni E&P Holding BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni E&P Holding BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | Eni Int. NA NV Sarl [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Int. NA NV Sarl | |||||||||||||||||||
% Ownership | 0.005% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Cote d' Ivoire | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Ivory Coast | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Croatia BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Croatia | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Cyprus Ltd | |||||||||||||||||||
Registered office | Nicosia (Cyprus) | |||||||||||||||||||
Country of operation | Cyprus | |||||||||||||||||||
Share Capital | € 2,005 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Dacion BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 90,000 | |||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Denmark BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Greenland | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
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 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni East Sepinggan Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Elgin/Franklin Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 100 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Energy Russia BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Engineering E&P Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Exploration & Production Holding BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 29,832,777.12 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Gabon SA | |||||||||||||||||||
Registered office | Libreville (Gabon) | |||||||||||||||||||
Country of operation | Gabon | |||||||||||||||||||
Share Capital | | 13,132,000,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ganal Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 2 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Gas & Power LNG Australia BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Australia | |||||||||||||||||||
Share Capital | € 10,000,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Forty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ghana Exploration and Production Ltd | |||||||||||||||||||
Registered office | Accra (Ghana) | |||||||||||||||||||
Country of operation | Ghana | |||||||||||||||||||
Share Capital | GH₵ | GH₵ 21,412,500 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Hewett Ltd | |||||||||||||||||||
Registered office | Aberdeen (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 3,036,000 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Hydrocarbons Venezuela Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Venezuela | |||||||||||||||||||
Share Capital | £ | 8,050,500 | |||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni India Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | India | |||||||||||||||||||
Share Capital | £ | 44,000,000 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Indonesia Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 100 | |||||||||||||||||||
Shareholders | Eni ULX Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Indonesia Ots 1 Ltd | |||||||||||||||||||
Registered office | Grand Cayman (Cayman Islands) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | $ | 1.01 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni International NA NV Sarl | |||||||||||||||||||
Registered office | Luxembourg (Luxembourg) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | $ | 25,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Investments Plc | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 750,050,000 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Six [Member] | Eni UK Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Six [Member] | Eni SpA [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Iran BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Iran | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Iraq BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Iraq | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ireland BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Ireland | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Isatay BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Kazakhstan | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni JPDA 03-13 Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Australia | |||||||||||||||||||
Share Capital | £ | 250,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni JPDA 06-105 Pty Ltd | |||||||||||||||||||
Registered office | Perth (Australia) | |||||||||||||||||||
Country of operation | Australia | |||||||||||||||||||
Share Capital | $ | $ 80,830,576 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni JPDA 11-106 BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Australia | |||||||||||||||||||
Share Capital | € 50,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Kenya BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Kenya | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Krueng Mane Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 2 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
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% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Six [Member] | Eni UK Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Six [Member] | Eni Investments Plc [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Investments Plc | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Lebanon BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Liberia BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Liberia | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Liverpool Bay Operating Co Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni LNS Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 80,400,000 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Marketing Inc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 1,000 | |||||||||||||||||||
Shareholders | Eni Petroleum Co Inc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Maroc BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Morocco | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Mexico S. de RL de CV | |||||||||||||||||||
Registered office | Lomas De Chapultepec, Mexico City (Mexico) | |||||||||||||||||||
Country of operation | Mexico | |||||||||||||||||||
Share Capital | $ | $ 3,000 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Three [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.90% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Three [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.10% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Middle EastBV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Middle East Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni ULT Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni MOG Ltd (in liquidation) | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 220,711,147.5 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Six [Member] | Eni Lasmo Plc [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Six [Member] | Eni LNS Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni LNS Ltd | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Montenegro BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Montenegro | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Mozambique Engineering Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventy Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Mozambique LNG Holding BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Muara Bakau BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Myanmar BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Myanmar | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Norge AS | |||||||||||||||||||
Registered office | Forus (Norway) | |||||||||||||||||||
Country of operation | Norway | |||||||||||||||||||
Share Capital | kr | kr 278,000,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni North Africa BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Libya | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni North Ganal Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Oil & Gas Inc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 100,800 | |||||||||||||||||||
Shareholders | Eni America Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Oil Algeria Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Algeria | |||||||||||||||||||
Share Capital | £ | 1,000 | |||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Oil Holdings BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 450,000 | |||||||||||||||||||
Shareholders | Eni ULX Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Oman BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Pakistan Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Pakistan | |||||||||||||||||||
Share Capital | £ | 90,087 | |||||||||||||||||||
Shareholders | Eni ULX Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Pakistan (M) Ltd Sàrl | |||||||||||||||||||
Registered office | Luxembourg (Luxembourg) | |||||||||||||||||||
Country of operation | Pakistan | |||||||||||||||||||
Share Capital | $ | 20,000 | |||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Petroleum Co Inc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 156,600,000 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety One [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 36.14% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety One [Member] | Eni SpA [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||||
% Ownership | 63.86% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Petroleum US Llc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 1,000 | |||||||||||||||||||
Shareholders | Eni BB Petroleum Inc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Portugal BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Portugal | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Rapak Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 2 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
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 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Five [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Five [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Rovuma Basin BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni Mozambique LNG H. BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni South Africa BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Republic of South Africa | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni South China Sea Ltd Sarl | |||||||||||||||||||
Registered office | Luxembourg (Luxembourg) | |||||||||||||||||||
Country of operation | China | |||||||||||||||||||
Share Capital | $ | 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ninety Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni TNS Ltd | |||||||||||||||||||
Registered office | Aberdeen (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 1,000 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Trinidad and Tobago Ltd | |||||||||||||||||||
Registered office | Port of Spain (Trinidad and Tobago) | |||||||||||||||||||
Country of operation | Trinidad and Tobago | |||||||||||||||||||
Share Capital | $ | $ 1,181,880 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Tunisia BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Tunisia | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Turkmenistan Ltd | |||||||||||||||||||
Registered office | Hamilton (Bermuda) | |||||||||||||||||||
Country of operation | Turkmenistan | |||||||||||||||||||
Share Capital | $ | 20,000 | |||||||||||||||||||
Shareholders | Burren En.(Berm)Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni UHL Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni ULT Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni UKCS Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 100 | |||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
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% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Five [Member] | Eni UK Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Five [Member] | Eni Lasmo Plc [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni UK Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 250,000,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ukraine Holdings BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ukraine Llc | |||||||||||||||||||
Registered office | Kiev (Ukraine) | |||||||||||||||||||
Country of operation | Ukraine | |||||||||||||||||||
Share Capital | ₴ | ₴ 42,004,757.64 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Eight [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Eight [Member] | Eni Ukraine Hold.BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Ukraine Hold.BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ukraine Shallow Waters BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Ukraine | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni Ukraine Hold.BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Ten [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni ULT Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 93,215,492.25 | |||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Eleven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni ULX Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 200,010,000 | |||||||||||||||||||
Shareholders | Eni ULT Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twelve [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni USA Gas Marketing Llc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 10,000 | |||||||||||||||||||
Shareholders | Eni Marketing Inc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni USA Inc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 1,000 | |||||||||||||||||||
Shareholders | Eni Oil & Gas Inc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Fourteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni US Operating Co Inc | |||||||||||||||||||
Registered office | Dover, Delaware (USA) | |||||||||||||||||||
Country of operation | USA | |||||||||||||||||||
Share Capital | $ | 1,000 | |||||||||||||||||||
Shareholders | Eni Petroleum Co Inc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Fifteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Venezuela BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Venezuela | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni Venezuela E&P Holding | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Sixteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Venezuela E&P Holding SA | |||||||||||||||||||
Registered office | Bruxelles (Belgium) | |||||||||||||||||||
Country of operation | Belgium | |||||||||||||||||||
Share Capital | $ | 963,800,000 | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Sixteen [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Sixteen [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Seventeen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Ventures Plc (in liquidation) | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | 278,050,000 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Co. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Seventeen [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Seventeen [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Eighteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Vietnam BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Vietnam | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Nineteen [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni West Timor Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | £ | 1 | |||||||||||||||||||
Shareholders | Eni Indonesia Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eni Yemen Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | £ | £ 1,000 | |||||||||||||||||||
Shareholders | Burren Energy Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | EniProgetti Egypt Ltd (former Tecnomare Egypt Ltd) | |||||||||||||||||||
Registered office | Cairo (Egypt) | |||||||||||||||||||
Country of operation | Egypt | |||||||||||||||||||
Share Capital | ج.م. | ج.م. 50,000 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty One [Member] | Eni SpA [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||||
% Ownership | 1.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty One [Member] | Eni Progetti SpA [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | EniProgetti SpA | |||||||||||||||||||
% Ownership | 99.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Eurl Eni Algérie | |||||||||||||||||||
Registered office | Algiers (Algeria) | |||||||||||||||||||
Country of operation | Algeria | |||||||||||||||||||
Share Capital | دج | دج 1,000,000 | |||||||||||||||||||
Shareholders | Eni Algeria Ltd Sàrl | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Eq. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | First Calgary Petroleums LP | |||||||||||||||||||
Registered office | Wilmington (USA) | |||||||||||||||||||
Country of operation | Algeria | |||||||||||||||||||
Share Capital | $ | 1 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Three [Member] | Eni Canada Hold. Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Canada Hold. Ltd | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Three [Member] | FCP Partner Co ULC [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | FCP Partner Co ULC | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | First Calgary Petroleums Partner Co ULC | |||||||||||||||||||
Registered office | Calgary (Canada) | |||||||||||||||||||
Country of operation | Canada | |||||||||||||||||||
Share Capital | $ | $ 10 | |||||||||||||||||||
Shareholders | Eni Canada Hold. Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Five [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Ieoc Exploration BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Egypt | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Six [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Ieoc Production BV | |||||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||||
Country of operation | Egypt | |||||||||||||||||||
Share Capital | € 20,000 | |||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Seven [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Lasmo Sanga Sanga Ltd | |||||||||||||||||||
Registered office | Hamilton (Bermuda) | |||||||||||||||||||
Country of operation | Indonesia | |||||||||||||||||||
Share Capital | $ | 12,000 | |||||||||||||||||||
Shareholders | Eni Lasmo Plc | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Eight [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Liverpool Bay Ltd | |||||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||||
Share Capital | $ | 1 | |||||||||||||||||||
Shareholders | Eni ULX Ltd | |||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Nine [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Nigerian Agip CPFA Ltd | |||||||||||||||||||
Registered office | Lagos (Nigeria) | |||||||||||||||||||
Country of operation | Nigeria | |||||||||||||||||||
Share Capital | ₦ | 1,262,500 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Co. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Nine [Member] | NAOC Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | NAOC Ltd | |||||||||||||||||||
% Ownership | 98.02% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Nine [Member] | Agip En Nat Res.Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Agip En Nat Res.Ltd | |||||||||||||||||||
% Ownership | 0.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Twenty Nine [Member] | Nigerian Agip E. Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Nigerian Agip E. Ltd | |||||||||||||||||||
% Ownership | 0.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Nigerian Agip Exploration Ltd | |||||||||||||||||||
Registered office | Abuja (Nigeria) | |||||||||||||||||||
Country of operation | Nigeria | |||||||||||||||||||
Share Capital | ₦ | 5,000,000 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty One [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Nigerian Agip Oil Co Ltd | |||||||||||||||||||
Registered office | Abuja (Nigeria) | |||||||||||||||||||
Country of operation | Nigeria | |||||||||||||||||||
Share Capital | ₦ | ₦ 1,800,000 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty One [Member] | Eni International BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||||
% Ownership | 99.89% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty One [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.11% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Two [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | OOO Eni Energhia | |||||||||||||||||||
Registered office | Moscow (Russia) | |||||||||||||||||||
Country of operation | Russia | |||||||||||||||||||
Share Capital | ₽ | ₽ 2,000,000 | |||||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | F.C. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Two [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||||
% Ownership | 0.10% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Two [Member] | Eni Energy Russia BV [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Energy Russia BV | |||||||||||||||||||
% Ownership | 99.90% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Three [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Zetah Congo Ltd | |||||||||||||||||||
Registered office | Nassau (Bahamas) | |||||||||||||||||||
Country of operation | Republic of the Congo | |||||||||||||||||||
Share Capital | $ | 300 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Co. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Three [Member] | Eni Congo SA [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Congo SA | |||||||||||||||||||
% Ownership | 66.67% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Three [Member] | Burren En.Congo Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Burren En.Congo Ltd | |||||||||||||||||||
% Ownership | 33.33% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Four [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Company name | Zetah Kouilou Ltd | |||||||||||||||||||
Registered office | Nassau (Bahamas) | |||||||||||||||||||
Country of operation | Republic of the Congo | |||||||||||||||||||
Share Capital | $ | $ 2,000 | |||||||||||||||||||
Method used to account for investments in subsidiaries | [1] | Co. | ||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Four [Member] | Eni Congo SA [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Eni Congo SA | |||||||||||||||||||
% Ownership | 54.50% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Four [Member] | Burren En.Congo Ltd [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Burren En.Congo Ltd | |||||||||||||||||||
% Ownership | 37.00% | |||||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Hundred Thirty Four [Member] | Third parties [Member] | ||||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||||
% Ownership | 8.50% | |||||||||||||||||||
[1] | Jointly controlled entity. |
Other information about inve256
Other information about investments (Details 3) - EUR (€) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of subsidiaries [line items] | |||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |
Subsidiaries One [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni gas e luce SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 750,000,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries One [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
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 valutation method | [1] | F.C. | |
Subsidiaries One [Member] | Gas & Power [Member] | Outside Italy [Member] | Eni gas e luce SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni gas e luce SpA | ||
% Ownership | 51.00% | ||
Subsidiaries One [Member] | Gas & Power [Member] | Outside Italy [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 49.00% | ||
Subsidiaries Two [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Gas Transport Services Srl | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 120,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
Consolidation or valutation method | [1] | Co. | |
Subsidiaries Two [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni G&P Trading BV | ||
Registered office | Amsterdam (Netherlands) | ||
Country of operation | Turkey | ||
Share capital | € 70,000 | ||
Shareholders | Eni International BV | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Three [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Trading & Shipping SpA | ||
Registered office | Rome | ||
Country of operation | Italy | ||
Share capital | € 60,036,650 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Three [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
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 valutation method | [1] | F.C. | |
Subsidiaries Three [Member] | Gas & Power [Member] | Outside Italy [Member] | Eni gas e luce SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni gas e luce SpA | ||
% Ownership | 99.87% | ||
Subsidiaries Three [Member] | Gas & Power [Member] | Outside Italy [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 0.13% | ||
Subsidiaries Four [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
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 valutation method | [1] | F.C. | |
Subsidiaries Four [Member] | Gas & Power [Member] | Italy [Member] | Eni Power SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | EniPower SpA | ||
% Ownership | 86.50% | ||
Subsidiaries Four [Member] | Gas & Power [Member] | Italy [Member] | Other Related Parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 13.50% | ||
Subsidiaries Four [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Eni Trading & Shipping Inc | ||
Registered office | Dover, Delaware (USA) | ||
Country of operation | USA | ||
Share capital | € 36,000,000 | ||
Shareholders | ETS SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Five [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | EniPower SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 944,947,849 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Five [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Société de Service du Gazoduc Transtunisien SA - Sergaz SA | ||
Registered office | Tunisi (Tunisia) | ||
Country of operation | Tunisia | ||
Share capital | € 99,000 | ||
% Equity ratio | 66.67% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Five [Member] | Gas & Power [Member] | Outside Italy [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 33.33% | ||
Subsidiaries Five [Member] | Gas & Power [Member] | Outside Italy [Member] | Eni International BV [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni International BV | ||
% Ownership | 66.67% | ||
Subsidiaries Six [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | LNG Shipping SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 240,900,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Six [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA | ||
Registered office | Tunisi (Tunisia) | ||
Country of operation | Tunisia | ||
Share capital | € 200,000 | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Six [Member] | Gas & Power [Member] | Outside Italy [Member] | Eni International BV [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni International BV | ||
% Ownership | 99.85% | ||
Subsidiaries Six [Member] | Gas & Power [Member] | Outside Italy [Member] | Eni SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni SpA | ||
% Ownership | 0.05% | ||
Subsidiaries Six [Member] | Gas & Power [Member] | Outside Italy [Member] | LNG Shipping SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | LNG Shipping SpA | ||
% Ownership | 0.05% | ||
Subsidiaries Six [Member] | Gas & Power [Member] | Outside Italy [Member] | Trans Tunis.P.Co SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Trans Tunis.P.Co SpA | ||
% Ownership | 0.05% | ||
Subsidiaries Seven [Member] | Gas & Power [Member] | Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Trans Tunisian Pipeline Co SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Tunisia | ||
Share capital | € 1,098,000 | ||
Shareholders | Eni SpA | ||
% Ownership | 100.00% | ||
% Equity ratio | 100.00% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Seven [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Tigáz-Dso Földgázelosztó kft | ||
Registered office | Hajdúszoboszló (Hungary) | ||
Country of operation | Hungary | ||
Share capital | € 31,033,000,000 | ||
Shareholders | Tigáz Zrt | ||
% Ownership | 100.00% | ||
% Equity ratio | 98.99% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Eight [Member] | Gas & Power [Member] | Outside Italy [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Tigáz Tiszántúli Gázszolgáltató Zártkörûen Mûködõ Részvénytársaság | ||
Registered office | Hajdúszoboszló (Hungary) | ||
Country of operation | Hungary | ||
Share capital | € 8,486,070,500 | ||
% Equity ratio | 98.99% | ||
Consolidation or valutation method | [1] | F.C. | |
Subsidiaries Eight [Member] | Gas & Power [Member] | Outside Italy [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 1.01% | ||
Subsidiaries Eight [Member] | Gas & Power [Member] | Outside Italy [Member] | Eni SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni SpA | ||
% Ownership | 98.99% | ||
[1] | Jointly controlled entity. |
Other information about inve257
Other information about investments (Details 4) | 12 Months Ended | |||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017RUB (₽) | Dec. 31, 2017CHF (SFr) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Consorzio AgipGas Sabina (in liquidation) | |||||
Registered office | Cittaducale (RI) | |||||
Country of operation | Italy | |||||
Share capital | € 5,160 | |||||
Shareholders | Eni Fuel SpA | |||||
% Ownership | 100.00% | |||||
Consolidation or valutation method | [1] | Co. | ||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Ecofuel SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | € 52,000,000 | |||||
Shareholders | Eni SpA | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Fuel SpA | |||||
Registered office | Rome | |||||
Country of operation | Italy | |||||
Share capital | € 58,944,310 | |||||
Shareholders | Eni SpA | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Raffineria di Gela SpA | |||||
Registered office | Gela (CL) | |||||
Country of operation | Italy | |||||
Share capital | € 15,000,000 | |||||
Shareholders | Eni SpA | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Servizi Fondo Bombole Metano SpA | |||||
Registered office | Rome | |||||
Country of operation | Italy | |||||
Share capital | € 13,580,000.2 | |||||
Shareholders | Eni SpA | |||||
% Ownership | 100.00% | |||||
Consolidation or valutation method | [1] | Co. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Austria GmbH | |||||
Registered office | Wien (Austria) | |||||
Country of operation | Austria | |||||
Share capital | € 78,500,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni International BV | |||||
% Ownership | 75.00% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | Eni Deutsch.GmbH [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Deutsch.GmbH | |||||
% Ownership | 25.00% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Benelux BV | |||||
Registered office | Rotterdam (Netherlands) | |||||
Country of operation | Netherlands | |||||
Share capital | € 1,934,040 | |||||
Shareholders | Eni International BV | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Deutschland GmbH | |||||
Registered office | Munich (Germany) | |||||
Country of operation | Germany | |||||
Share capital | € 90,000,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni International BV | |||||
% Ownership | 89.00% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | Eni Oil Holdings BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Oil Holdings BV | |||||
% Ownership | 11.00% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Ecuador SA | |||||
Registered office | Quito (Ecuador) | |||||
Country of operation | Ecuador | |||||
Share capital | $ | $ 103,142.08 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni International BV | |||||
% Ownership | 99.93% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Esain SA | |||||
% Ownership | 0.07% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni France Sàrl | |||||
Registered office | Lyon (France) | |||||
Country of operation | France | |||||
Share capital | € 56,800,000 | |||||
Shareholders | Eni International BV | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Iberia SLU | |||||
Registered office | Alcobendas (Spain) | |||||
Country of operation | Spain | |||||
Share capital | € 17,299,100 | |||||
Shareholders | Eni International BV | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Lubricants Trading (Shanghai) Co Ltd | |||||
Registered office | Shanghai (China) | |||||
Country of operation | China | |||||
Share capital | € 5,000,000 | |||||
Shareholders | Eni International BV | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
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 valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni International BV | |||||
% Ownership | 0.01% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | Eni Mineralolh.GmbH [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Mineralölh.GmbH | |||||
% Ownership | 99.99% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Mineralölhandel GmbH | |||||
Registered office | Wien (Austria) | |||||
Country of operation | Austria | |||||
Share capital | € 34,156,232.06 | |||||
Shareholders | Eni Austria GmbH | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Schmiertechnik GmbH | |||||
Registered office | Wurzburg (Germany) | |||||
Country of operation | Germany | |||||
Share capital | € 2,000,000 | |||||
Shareholders | Eni Deutsch.GmbH | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni Suisse SA | |||||
Registered office | Lausanne (Switzerland) | |||||
Country of operation | Switzerland | |||||
Share capital | SFr | SFr 102,500,000 | |||||
Shareholders | Eni International BV | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Eni USA R&M Co Inc | |||||
Registered office | Wilmington (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | 11,000,000 | |||||
Shareholders | Eni International BV | |||||
% Ownership | 100.00% | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Esacontrol SA | |||||
Registered office | Quito (Ecuador) | |||||
Country of operation | Ecuador | |||||
Share capital | $ | 60,000 | |||||
Consolidation or valutation method | [1] | Eq. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | Eni Ecuador SA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Ecuador SA | |||||
% Ownership | 87.00% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 13.00% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Fourteen [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Esain SA | |||||
Registered office | Quito (Ecuador) | |||||
Country of operation | Ecuador | |||||
Share capital | $ | 30,000 | |||||
% Equity ratio | 100.00% | |||||
Consolidation or valutation method | [1] | F.C. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Fourteen [Member] | Eni Ecuador SA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Ecuador SA | |||||
% Ownership | 99.99% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Fourteen [Member] | Tecnoesa SA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Tecnoesa SA | |||||
% Ownership | 0.01% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Fifteen [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Oléoduc du Rhône SA | |||||
Registered office | Valais (Switzerland) | |||||
Country of operation | Switzerland | |||||
Share capital | SFr | SFr 7,000,000 | |||||
Shareholders | Eni International BV | |||||
Consolidation or valutation method | [1] | Eq. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Sixteen [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | OOO Eni-Nefto | |||||
Registered office | Moscow (Russia) | |||||
Country of operation | Russia | |||||
Share capital | ₽ | ₽ 1,010,000 | |||||
Consolidation or valutation method | [1] | Eq. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Sixteen [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni International BV | |||||
% Ownership | 99.01% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Sixteen [Member] | Eni Oil Holdings BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Oil Holdings BV | |||||
% Ownership | 0.99% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seventeen [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Tecnoesa SA | |||||
Registered office | Quito (Ecuador) | |||||
Country of operation | Ecuador | |||||
Share capital | $ | $ 36,000 | |||||
Consolidation or valutation method | [1] | Eq. | ||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seventeen [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Esain SA | |||||
% Ownership | 0.01% | |||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seventeen [Member] | Eni Ecuador SA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni Ecuador SA | |||||
% Ownership | 99.99% | |||||
[1] | Jointly controlled entity. |
Other information about inve258
Other information about investments (Details 5) | 12 Months Ended | ||||||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2017CDF (CF) | Dec. 31, 2017HUF (Ft) | Dec. 31, 2017SGD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017INR (₨) | Dec. 31, 2017TRY (₺) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||
Italy [Member] | Chemical [Member] | Subsidiaries [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis SpA | ||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||
Country of operation | Italy | ||||||||||
Shareholders | Eni SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
Italy [Member] | Chemical [Member] | Subsidiaries [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Share capital | € 1,364,790,000 | ||||||||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Consorzio Industriale Gas Naturale (in liquidation) | ||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 124,000 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis SpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 53.55% | ||||||||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Raff. di Gela SpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Raff. di Gela SpA | ||||||||||
% Ownership | 18.74% | ||||||||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Eni SpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Eni SpA | ||||||||||
% Ownership | 15.37% | ||||||||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Syndial SpA | ||||||||||
% Ownership | 0.76% | ||||||||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Raff. Milazzo ScpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Raff. Milazzo ScpA | ||||||||||
% Ownership | 11.58% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság | ||||||||||
Registered office | Budapest (Hungary) | ||||||||||
Country of operation | Hungary | ||||||||||
Share capital | Ft | Ft 8,092,160,000 | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis SpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 96.34% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis Deutsc.GmbH [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis Deutsc.GmbH | ||||||||||
% Ownership | 1.83% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis Int.SA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis Int.SA | ||||||||||
% Ownership | 1.83% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Eni Chemicals Trading (Shanghai) Co Ltd (in liquidation) | ||||||||||
Registered office | Shanghai (China) | ||||||||||
Country of operation | China | ||||||||||
Share capital | $ | $ 5,000,000 | ||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Americas Inc | ||||||||||
Registered office | Dover, Delaware (USA) | ||||||||||
Country of operation | USA | ||||||||||
Share capital | $ | $ 100,000 | ||||||||||
Shareholders | Versalis International SA | ||||||||||
% Ownership | 100.00% | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Congo Sarlu | ||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | ||||||||||
Country of operation | Republic of the Congo | ||||||||||
Share capital | CF | CF 1,000,000 | ||||||||||
Shareholders | Versalis International SA | ||||||||||
% Ownership | 100.00% | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Five [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Deutschland GmbH | ||||||||||
Registered office | Eschborn (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 100,000 | ||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis France SAS | ||||||||||
Registered office | Mardyck (France) | ||||||||||
Country of operation | France | ||||||||||
Share capital | € 126,115,582.9 | ||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
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 valutation method | [1] | F.C. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Versalis SpA [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 59.00% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Versalis Deutsc.GmbH [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis Deutsc.GmbH | ||||||||||
% Ownership | 23.71% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Dunastyr Zrt [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Dunastyr Zrt | ||||||||||
% Ownership | 14.43% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Versalis France [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis France | ||||||||||
% Ownership | 2.86% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Kimya Ticaret Limited Sirketi | ||||||||||
Registered office | Istanbul (Turkey) | ||||||||||
Country of operation | Turkey | ||||||||||
Share capital | ₺ | ₺ 20,000 | ||||||||||
Shareholders | Versalis Int.SA | ||||||||||
% Ownership | 100.00% | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Nine [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Pacific (India) Private Ltd | ||||||||||
Registered office | Mumbai (India) | ||||||||||
Country of operation | India | ||||||||||
Share capital | ₨ | ₨ 238,700 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Nine [Member] | Versalis Pacific Trading [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Versalis Pacific Trading | ||||||||||
% Ownership | 99.99% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 0.01% | ||||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Ten [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Pacific Trading (Shanghai) Co Ltd | ||||||||||
Registered office | Shanghai (China) | ||||||||||
Country of operation | China | ||||||||||
Share capital | ¥ | ¥ 1,000,000 | ||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Eleven [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis Singapore Pte Ltd | ||||||||||
Registered office | Singapore (Singapore) | ||||||||||
Country of operation | Singapore | ||||||||||
Share capital | $ | $ 80,000 | ||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Twelve [Member] | |||||||||||
Disclosure of subsidiaries [line items] | |||||||||||
Company name | Versalis UK Ltd | ||||||||||
Registered office | London (United Kingdom) | ||||||||||
Country of operation | United Kingdom | ||||||||||
Share capital | £ | £ 4,004,042 | ||||||||||
Shareholders | Versalis SpA | ||||||||||
% Ownership | 100.00% | ||||||||||
% Equity ratio | 100.00% | ||||||||||
Consolidation or valutation method | [1] | F.C. | |||||||||
[1] | Jointly controlled entity. |
Other information about inve259
Other information about investments (Details 6) | 12 Months Ended | ||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2017EGP (ج.م.) | Dec. 31, 2017CHF (SFr) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Agenzia Giornalistica Italia SpA | ||||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | € 2,000,000 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni Adfin SpA | ||||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | € 85,537,498.8 | ||||||
% Equity ratio | 99.67% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Two [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 99.67% | ||||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 0.33% | ||||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Three [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni Corporate University SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 3,360,000 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Four [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | EniServizi SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 13,427,419.08 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Five [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Serfactoring SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 5,160,000 | ||||||
% Equity ratio | 49.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Five [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 49.00% | ||||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 51.00% | ||||||
Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Six [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Servizi Aerei SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 79,817,238 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Anic Partecipazioni SpA (in liquidation) | ||||||
Registered office | Gela (CL) | ||||||
Country of operation | Italy | ||||||
Share capital | € 23,519,847.16 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 0.03% | ||||||
Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Syndial SpA | ||||||
% Ownership | 99.97% | ||||||
Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni Energia Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
Consolidation or valutation method | [1] | Co. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni New Energy SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 5,000,000 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
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 valutation method | [1] | Eq. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 48.00% | ||||||
Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | Syndial SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Syndial SpA | ||||||
% Ownership | 52.00% | ||||||
Italy [Member] | Other Activities [Member] | Subsidiaries Five [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Ing. Luigi Conti Vecchi SpA | ||||||
Registered office | Assemini (CA) | ||||||
Country of operation | Italy | ||||||
Share capital | € 5,518,620.64 | ||||||
Shareholders | Syndial SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries Six [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Syndial Servizi Ambientali SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 424,818,703.05 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Italy [Member] | Other Activities [Member] | Subsidiaries Six [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 99.99% | ||||||
Italy [Member] | Other Activities [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 0.01% | ||||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Banque Eni SA | ||||||
Registered office | Bruxelles (Belgium) | ||||||
Country of operation | Belgium | ||||||
Share capital | € 50,000,000 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries One [Member] | Eni International BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni International BV | ||||||
% Ownership | 99.90% | ||||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries One [Member] | Eni Oil Holdings BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni Oil Holdings BV | ||||||
% Ownership | 0.10% | ||||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni Finance International SA | ||||||
Registered office | Bruxelles (Belgium) | ||||||
Country of operation | Belgium | ||||||
Share capital | $ | $ 2,474,225,632 | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Two [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 33.61% | ||||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni International BV | ||||||
% Ownership | 66.39% | ||||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Three [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni Finance USA Inc | ||||||
Registered office | Dover, Delaware (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 15,000,000 | ||||||
Shareholders | Eni Petroleum Co Inc | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Four [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni Insurance Designated Activity Company | ||||||
Registered office | Dublin (Ireland) | ||||||
Country of operation | Ireland | ||||||
Share capital | € 500,000,000 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Five [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Eni International BV | ||||||
Registered office | Amsterdam (Netherlands) | ||||||
Country of operation | Netherlands | ||||||
Share capital | € 641,683,425 | ||||||
Shareholders | Eni SpA | ||||||
% Ownership | 100.00% | ||||||
% Equity ratio | 100.00% | ||||||
Consolidation or valutation method | [1] | F.C. | |||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Six [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
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 valutation method | [1] | F.C. | |||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Six [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 99.99% | ||||||
Outside Italy [Member] | Corporate and financial companies [Member] | Subsidiaries Six [Member] | Eni UK Ltd [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni UK Ltd | ||||||
% Ownership | 0.01% | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
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 valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Eni International BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni International BV | ||||||
% Ownership | 99.98% | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Ieoc Exploration BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Ieoc Exploration BV | ||||||
% Ownership | 0.01% | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Ieoc Production BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Ieoc Production BV | ||||||
% Ownership | 0.01% | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Oleodotto del Reno SA | ||||||
Registered office | Coira (Switzerland) | ||||||
Country of operation | Switzerland | ||||||
Share capital | SFr | SFr 1,550,000 | ||||||
Shareholders | Syndial SpA | ||||||
% Ownership | 100.00% | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
[1] | Jointly controlled entity. |
Other information about inve260
Other information about investments (Details 7) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2017XAF ( ) | Dec. 31, 2017UAH (₴) | Dec. 31, 2017EGP (ج.م.) | Dec. 31, 2017CAD ($) | Dec. 31, 2017TND (د.ت) | Dec. 31, 2017TRY (₺) | Dec. 31, 2017KZT (₸) | Dec. 31, 2017MZN (MT) | Dec. 31, 2017VEF ( ) | Dec. 31, 2017KWD (د.ك) | Dec. 31, 2017HRK (kn) | Dec. 31, 2017AED (د.إ) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | |||||||||||||||
Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Mozambique Rovuma Venture SpA() (former Eni East Africa SpA) | |||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | € | € 20,000,000 | ||||||||||||||||
Leverage Equity Ratio | 35.71% | ||||||||||||||||
Consolidation or valutation method | [2] | J.O. | |||||||||||||||
Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | Eni SpA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni SpA | ||||||||||||||||
% Ownership | 35.71% | ||||||||||||||||
Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 64.29% | ||||||||||||||||
Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Società Oleodotti Meridionali -SOM SpA() | |||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Italy | ||||||||||||||||
Share capital | € | € 3,085,000 | ||||||||||||||||
Leverage Equity Ratio | 70.00% | ||||||||||||||||
Consolidation or valutation method | [2] | J.O. | |||||||||||||||
Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | Eni SpA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni SpA | ||||||||||||||||
% Ownership | 70.00% | ||||||||||||||||
Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 30.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Agiba Petroleum Co() | |||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | ج.م. 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries One [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Angola LNG Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | Angola | ||||||||||||||||
Share capital | $ | $ 10,907,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 86.40% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Two [Member] | Eni Angola Prod.BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Angola Prod.BV | ||||||||||||||||
% Ownership | 13.60% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Three [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Ashrafi Island Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Three [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Four [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Barentsmorneftegaz Sàrl() | |||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | Russia | ||||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Four [Member] | Eni Energy Russia BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Energy Russia BV | ||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Five [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Cabo Delgado Gas Development Limitada() | |||||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | MT | MT 2,500,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Five [Member] | Eni Mozam.LNG H. BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Mozam.LNG H. BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Six [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Cardón IV SA() | |||||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | | 17,210,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Six [Member] | Eni Venezuela BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Venezuela BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seven [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Compañia Agua Plana SA | ||||||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | | 100 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 74.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seven [Member] | Eni Venezuela BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Venezuela BV | ||||||||||||||||
% Ownership | 26.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eight [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Coral FLNG SA | ||||||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | MT | 100,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eight [Member] | Eni Mozam.LNG H. BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Mozam.LNG H. BV | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nine [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
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 valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nine [Member] | Eni Mozam.LNG H. BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Mozam.LNG H. BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | East Delta Gas Co (in liquidation) | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 62.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Ten [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 37.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eleven [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | East Kanayis Petroleum Co() | |||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eleven [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twelve [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | East Obaiyed Petroleum Company() | |||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twelve [Member] | Ieoc SpA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc SpA | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Thirteen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | El-Fayrouz Petroleum Co() (in liquidation) | |||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Thirteen [Member] | Ieoc Exploration BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Exploration BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourteen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | El Temsah Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourteen [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourteen [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifteen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Enstar Petroleum Ltd | ||||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||||
Country of operation | Canada | ||||||||||||||||
Share capital | $ | $ 0.1 | ||||||||||||||||
Shareholders | Unimar Llc | ||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixteen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | Fedynskmorneftegaz Sàrl() | |||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | Russia | ||||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixteen [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Sixteen [Member] | Eni Energy Russia BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Energy Russia BV | ||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventeen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1] | InAgip doo() | |||||||||||||||
Registered office | Zagreb (Croatia) | ||||||||||||||||
Country of operation | Croatia | ||||||||||||||||
Share capital | kn | kn 54,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventeen [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Seventeen [Member] | Eni Croatia BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Croatia BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighteen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Karachaganak Petroleum Operating BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||||
Share capital | € | € 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighteen [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 70.75% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Eighteen [Member] | Agip Karachag.BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Agip Karachag.BV | ||||||||||||||||
% Ownership | 29.25% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nineteen [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Karachaganak Project Development Ltd (KPD) | ||||||||||||||||
Registered office | Reading, Berkshire (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nineteen [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 62.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Nineteen [Member] | Agip Karachag.BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Agip Karachag.BV | ||||||||||||||||
% Ownership | 38.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Khaleej Petroleum Co Wll | ||||||||||||||||
Registered office | Safat (Kuwait) | ||||||||||||||||
Country of operation | Kuwait | ||||||||||||||||
Share capital | د.ك | د.ك 250,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 51.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty [Member] | Eni Middle E. Ltd [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Middle E. Ltd | ||||||||||||||||
% Ownership | 49.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty One [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Liberty National Development Co Llc | ||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | [3] | 0 | |||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty One [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 67.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty One [Member] | Eni Oil & Gas Inc [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Oil & Gas Inc | ||||||||||||||||
% Ownership | 32.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Two [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | [1],[2] | Llc Westgasinvest() | |||||||||||||||
Registered office | Lviv (Ukraine) | ||||||||||||||||
Country of operation | Ukraine | ||||||||||||||||
Share capital | ₴ | ₴ 2,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Two [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 49.99% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Two [Member] | Eni Ukraine Hold.BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Ukraine Hold.BV | ||||||||||||||||
% Ownership | 50.01% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Three [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Mediterranean Gas Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Three [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Three [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Four [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Mellitah Oil & Gas BV() | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Libya | ||||||||||||||||
Share capital | € | € 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Four [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Twenty Four [Member] | Eni North Africa BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni North Africa BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Five [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Nile Delta Oil Co Nidoco | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Five [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 62.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Five [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 37.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Six [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | North Bardawil Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Six [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 70.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Six [Member] | Ieoc Exploration BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Exploration BV | ||||||||||||||||
% Ownership | 30.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Seven [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | North El Burg Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Seven [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Seven [Member] | Ieoc SpA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc SpA | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Eight [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Petrobel Belayim Petroleum Co() | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Eight [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Eight [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Nine [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | PetroBicentenario SA() | ||||||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | | 379,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Nine [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 60.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesTwenty Nine [Member] | Eni Lasmo Plc [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Lasmo Plc | ||||||||||||||||
% Ownership | 40.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | PetroJunín SA() | ||||||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | | 2,402,100,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 60.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty [Member] | Eni Lasmo Plc [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Lasmo Plc | ||||||||||||||||
% Ownership | 40.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty One [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | PetroSucre SA | ||||||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | | 220,300,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty One [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 74.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty One [Member] | Eni Venezuela BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Venezuela BV | ||||||||||||||||
% Ownership | 26.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Two [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Pharaonic Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Two [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Two [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Three [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Port Said Petroleum Co() | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Three [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Three [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Raml Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 77.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Four [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 22.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Five [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Ras Qattara Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Five [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 62.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Five [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 37.50% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Six [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Rovuma Basin LNG Land Limitada() | ||||||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | MT | MT 140,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Six [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Six [Member] | Mozamb. Rov. V. SpA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Mozamb. Rov. V. SpA | ||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Seven [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Shatskmorneftegaz Sàrl() | ||||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | Russia | ||||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Seven [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Seven [Member] | Eni Energy Russia BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Energy Russia BV | ||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Eight [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Shorouk Petroleum Company | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Eight [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 70.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Eight [Member] | Ieoc Production BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Production BV | ||||||||||||||||
% Ownership | 30.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Nine [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
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 | | 44,732,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Nine [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 80.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | SubsidiariesThirty Nine [Member] | Eni Congo SA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Congo SA | ||||||||||||||||
% Ownership | 20.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Société Italo Tunisienne dExploitation Pétrolière SA() | ||||||||||||||||
Registered office | Tunisi (Tunisia) Tunisia | ||||||||||||||||
Share capital | د.ت | د.ت 5,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty [Member] | Eni Tunisia BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Tunisia BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty One [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Sodeps - Société de Developpement et dExploitation du Permis du Sud SA() | ||||||||||||||||
Registered office | Tunisi (Tunisia) | ||||||||||||||||
Country of operation | Tunisia | ||||||||||||||||
Share capital | د.ت | د.ت 100,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty One [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty One [Member] | Eni Tunisia BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Tunisia BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Two [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Tapco Petrol Boru Hatti Sanayi ve Ticaret AS() | ||||||||||||||||
Registered office | Istanbul (Turkey) | ||||||||||||||||
Country of operation | Turkey | ||||||||||||||||
Share capital | ₺ | ₺ 9,850,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Two [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Two [Member] | Eni International BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni International BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Three [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Tecninco Engineering Contractors Llp() | ||||||||||||||||
Registered office | Aksai (Kazakhstan) | ||||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||||
Share capital | ₸ | ₸ 29,478,455 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Three [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 51.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Three [Member] | EniProgetti SpA [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | EniProgetti SpA | ||||||||||||||||
% Ownership | 49.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Four [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Thekah Petroleum Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Four [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 75.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Four [Member] | Ieoc Exploration BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Exploration BV | ||||||||||||||||
% Ownership | 25.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Five [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Unimar Llc() | ||||||||||||||||
Registered office | Houston (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | [3] | 0 | |||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Five [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Five [Member] | Eni America Ltd [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni America Ltd | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Six [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | United Gas Derivatives Co | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | $ | 195,000,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Six [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Six [Member] | Eni International BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni International BV | ||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Seven [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | VIC CBM Ltd() | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | 1,315,912 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Seven [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Seven [Member] | Eni Lasmo Plc [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Lasmo Plc | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Eight [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Virginia Indonesia Co CBM Ltd() | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | 631,640 | ||||||||||||||||
Consolidation or valutation method | [2] | Eq. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Eight [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Eight [Member] | Eni Lasmo Plc [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Eni Lasmo Plc | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fourty Nine [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Virginia Indonesia Co Llc | ||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | 10 | ||||||||||||||||
Shareholders | Unimar Llc | ||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | Virginia International Co Llc | ||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | $ 10 | ||||||||||||||||
Shareholders | Unimar Llc | ||||||||||||||||
% Ownership | 100.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty One [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Company name | West Ashrafi Petroleum Co() (in liquidation) | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | ج.م. 20,000 | ||||||||||||||||
Consolidation or valutation method | [2] | Co. | |||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty One [Member] | Third parties [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Third parties | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
Outside Italy [Member] | Exploration & Production [Member] | Subsidiaries Fifty One [Member] | Ieoc Exploration BV [Member] | |||||||||||||||||
Disclosure of subsidiaries [line items] | |||||||||||||||||
Shareholders | Ieoc Exploration BV | ||||||||||||||||
% Ownership | 50.00% | ||||||||||||||||
[1] | Controlling interest: Ecofuel SpA 50.00 Third parties 50.00 | ||||||||||||||||
[2] | Jointly controlled entity. | ||||||||||||||||
[3] | Shares without nominal value. |
Other information about inve261
Other information about investments (Details 8) | 12 Months Ended | ||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2017HUF (Ft) | Dec. 31, 2017TND (د.ت) | Dec. 31, 2017CHF (SFr) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
Italy [Member] | Gas & Power [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Mariconsult SpA() | |||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 120,000 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Italy [Member] | Gas & Power [Member] | Subsidiaries One [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 50.00% | ||||||
Italy [Member] | Gas & Power [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.00% | ||||||
Italy [Member] | Gas & Power [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | 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 valutation method | [1] | J.O. | |||||
Italy [Member] | Gas & Power [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 49.00% | ||||||
Italy [Member] | Gas & Power [Member] | Subsidiaries Two [Member] | EniPower SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | EniPower SpA | ||||||
% Ownership | 51.00% | ||||||
Italy [Member] | Gas & Power [Member] | Subsidiaries Three [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Transmed SpA() | |||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 240,000 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Italy [Member] | Gas & Power [Member] | Subsidiaries Three [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 50.00% | ||||||
Italy [Member] | Gas & Power [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Blue Stream Pipeline Co BV() | |||||
Registered office | Amsterdam (Netherlands) | ||||||
Country of operation | Russia | ||||||
Share capital | $ | $ 22,000 | ||||||
% Equity ratio | 50.00% | ||||||
Consolidation or valutation method | [1] | J.O. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries One [Member] | Eni International BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni International BV | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Gas Distribution Company of Thessaloniki - Thessaly SA() | |||||
Registered office | Ampelokipi-Menemeni (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 247,127,605 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 51.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Two [Member] | Eni gas e luce SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni gas e luce SpA | ||||||
% Ownership | 49.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Three [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Gas Supply Company of Thessaloniki - Thessalia SA() | |||||
Registered office | Thessaloniki (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 13,761,788 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 51.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Three [Member] | Eni gas e luce SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni gas e luce SpA | ||||||
% Ownership | 49.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Four [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | GreenStream BV() | |||||
Registered office | Amsterdam (Netherlands) | ||||||
Country of operation | Libya | ||||||
Share capital | € 200,000,000 | ||||||
% Equity ratio | 50.00% | ||||||
Consolidation or valutation method | [1] | J.O. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Four [Member] | Eni North Africa BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni North Africa BV | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Five [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Premium Multiservices SA | ||||||
Registered office | Tunisi (Tunisia) | ||||||
Country of operation | Tunisia | ||||||
Share capital | د.ت | د.ت 200,000 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.01% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Five [Member] | Sergaz SA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Sergaz SA | ||||||
% Ownership | 49.99% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Six [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | SAMCO Sagl | ||||||
Registered office | Lugano (Switzerland) | ||||||
Country of operation | Switzerland | ||||||
Share capital | SFr | SFr 20,000 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 5.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Six [Member] | Eni International BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni International BV | ||||||
% Ownership | 5.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Six [Member] | Transmed.Pip.Co Ltd [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Transmed.Pip.Co Ltd | ||||||
% Ownership | 90.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Seven [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Transmediterranean Pipeline Co Ltd() | |||||
Registered office | St. Helier (Jersey) | ||||||
Country of operation | Jersey | ||||||
Share capital | $ | $ 10,310,000 | ||||||
% Equity ratio | 50.00% | ||||||
Consolidation or valutation method | [1] | J.O. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Seven [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Eight [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Turul Gázvezeték Építõ es Vagyonkezelõ Részvénytársaság() | |||||
Registered office | Tatabànya (Hungary) | ||||||
Country of operation | Hungary | ||||||
Share capital | Ft | Ft 404,000,000 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 41.58% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Eight [Member] | Tigaz Zrt [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Tigáz Zrt | ||||||
% Ownership | 58.42% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Nine [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [1] | Unión Fenosa Gas SA() | |||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 32,772,000 | ||||||
Consolidation or valutation method | [1] | Eq. | |||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Nine [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Eni SpA | ||||||
% Ownership | 50.00% | ||||||
Outside Italy [Member] | Gas & Power [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Shareholders | Third parties | ||||||
% Ownership | 50.00% | ||||||
[1] | Jointly controlled entity. |
Other information about inve262
Other information about investments (Details 9) | 12 Months Ended | |||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017EGP (ج.م.) | Dec. 31, 2017TND (د.ت) | Dec. 31, 2017CHF (SFr) | Dec. 31, 2017SGD ($) | Dec. 31, 2017VEF ( ) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Arezzo Gas SpA() | ||||||
Registered office | Arezzo | |||||||
Country of operation | Italy | |||||||
Share capital | € 394,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | Eni Fuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Fuel SpA | |||||||
% Ownership | 50.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 50.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | CePIM Centro Padano Interscambio Merci SpA | |||||||
Registered office | Fontevivo (PR) | |||||||
Country of operation | Italy | |||||||
Share capital | € 6,642,928.32 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 65.07% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | 34.93% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Consorzio Operatori GPL di Napoli | |||||||
Registered office | Napoli | |||||||
Country of operation | Italy | |||||||
Share capital | € 102,000 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | Eni Fuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Fuel SpA | |||||||
% Ownership | 25.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 75.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Costiero Gas Livorno SpA() | ||||||
Registered office | Livorno | |||||||
Country of operation | Italy | |||||||
Share capital | € 26,000,000 | |||||||
% Equity ratio | 65.00% | |||||||
Consolidation or valutation method | [1] | J.O. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | Eni Fuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Fuel SpA | |||||||
% Ownership | 65.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 35.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Disma SpA | |||||||
Registered office | Segrate (MI) | |||||||
Country of operation | Italy | |||||||
Share capital | € 2,600,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | Eni Fuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Fuel SpA | |||||||
% Ownership | 25.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 75.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | PETRA SpA() | ||||||
Registered office | Ravenna | |||||||
Country of operation | Italy | |||||||
Share capital | € 723,100 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 50.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | 50.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Petroven Srl() | ||||||
Registered office | Genova | |||||||
Country of operation | Italy | |||||||
Share capital | € 156,000 | |||||||
% Equity ratio | 68.00% | |||||||
Consolidation or valutation method | [1] | J.O. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 32.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | 68.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Porto Petroli di Genova SpA | |||||||
Registered office | Genova | |||||||
Country of operation | Italy | |||||||
Share capital | € 2,068,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 59.50% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | 40.50% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Raffineria di Milazzo ScpA() | ||||||
Registered office | Milazzo (ME) | |||||||
Country of operation | Italy | |||||||
Share capital | € 171,143,000 | |||||||
% Equity ratio | 50.00% | |||||||
Consolidation or valutation method | [1] | J.O. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 50.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | Eni SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni SpA | |||||||
% Ownership | 50.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | SeaPad SpA() | ||||||
Registered office | Genova | |||||||
Country of operation | Italy | |||||||
Share capital | € 12,400,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 20.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | 80.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Seram SpA | |||||||
Registered office | Fiumicino (RM) | |||||||
Country of operation | Italy | |||||||
Share capital | € 852,000 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 75.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | Eni SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni SpA | |||||||
% Ownership | 25.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Sigea Sistema Integrato Genova Arquata SpA | |||||||
Registered office | Genova | |||||||
Country of operation | Italy | |||||||
Share capital | € 3,326,900 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 65.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | 35.00% | |||||||
Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Termica Milazzo Srl() | ||||||
Registered office | Milazzo (ME) | |||||||
Country of operation | Italy | |||||||
Share capital | € 100,000 | |||||||
Shareholders | Raff. Milazzo ScpA | |||||||
% Ownership | 100.00% | |||||||
% Equity ratio | 50.00% | |||||||
Consolidation or valutation method | [1] | J.O. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | AET -Raffineriebeteiligungs gesellschaft mbH() | ||||||
Registered office | Schwedt (Germany) | |||||||
Country of operation | Germany | |||||||
Share capital | € 27,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 66.67% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries One [Member] | Eni Deutsch.GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Deutsch.GmbH | |||||||
% Ownership | 33.33% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Bayernoil Raffineriegesellschaft mbH() | ||||||
Registered office | Vohburg (Germany) | |||||||
Country of operation | Germany | |||||||
Share capital | € 10,226,000 | |||||||
% Equity ratio | 20.00% | |||||||
Consolidation or valutation method | [1] | J.O. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 80.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Two [Member] | Eni Deutsch.GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Deutsch. GmbH | |||||||
% Ownership | 20.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | City Carburoil SA() | ||||||
Registered office | Rivera (Switzerland) | |||||||
Country of operation | Switzerland | |||||||
Share capital | SFr | SFr 6,000,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 50.09% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Three [Member] | Eni Suisse SA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Suisse SA | |||||||
% Ownership | 49.91% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Egyptian International Gas Technology Co | |||||||
Registered office | Cairo (Egypt) | |||||||
Country of operation | Egypt | |||||||
Share capital | ج.م. | ج.م. 100,000,000 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 60.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Four [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
% Ownership | 40.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | ENEOS Italsing Pte Ltd | |||||||
Registered office | Singapore (Singapore) | |||||||
Country of operation | Singapore | |||||||
Share capital | $ | $ 12,000,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 77.50% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Five [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
% Ownership | 22.50% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | FSH Flughafen Schwechat Hydranten-Gesellschaft OG | |||||||
Registered office | Wien (Austria) | |||||||
Country of operation | Austria | |||||||
Share capital | € 7,798,020.99 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 56.32% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | Eni Market.A.GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Market.A.GmbH | |||||||
% Ownership | 14.56% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | Eni Mineralolh.GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Mineralölh.GmbH | |||||||
% Ownership | 14.56% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Six [Member] | Eni Austria GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Austria GmbH | |||||||
% Ownership | 14.56% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Fuelling Aviation Services GIE | |||||||
Registered office | Tremblay en France (France) | |||||||
Country of operation | France | |||||||
Share capital | € 1 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 75.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Seven [Member] | Eni France Sarl [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni France Sàrl | |||||||
% Ownership | 25.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Mediterranée Bitumes SA | |||||||
Registered office | Tunisi (Tunisia) | |||||||
Country of operation | Tunisia | |||||||
Share capital | د.ت | د.ت 1,000,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 66.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eight [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
% Ownership | 34.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Routex BV | |||||||
Registered office | Amsterdam (Netherlands) | |||||||
Country of operation | Netherlands | |||||||
Share capital | € 67,500 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 80.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Nine [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
% Ownership | 20.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Saraco SA | |||||||
Registered office | Meyrin (Switzerland) | |||||||
Country of operation | Switzerland | |||||||
Share capital | SFr | SFr 420,000 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 80.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Ten [Member] | Eni Suisse SA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Suisse SA | |||||||
% Ownership | 20.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | Supermetanol CA() | ||||||
Registered office | Jose Puerto La Cruz (Venezuela) | |||||||
Country of operation | Venezuela | |||||||
Share capital | | 12,086,744.84 | |||||||
% Equity ratio | 50.00% | |||||||
Consolidation or valutation method | [1] | J.O. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 35.42% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | Ecofuel SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ecofuel SpA | |||||||
% Ownership | [2] | 34.51% | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Eleven [Member] | Supermetanol CA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Supermetanol CA | |||||||
% Ownership | 30.07% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [1] | TBG Tanklager Betriebsgesellschaft GmbH() | ||||||
Registered office | Salzburg (Austria) | |||||||
Country of operation | Austria | |||||||
Share capital | € 43,603.7 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 50.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Twelve [Member] | Eni Market.A.GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Market.A.GmbH | |||||||
% Ownership | 50.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Weat Electronic Datenservice GmbH | |||||||
Registered office | Düsseldorf (Germany) | |||||||
Country of operation | Germany | |||||||
Share capital | € 409,034 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 80.00% | |||||||
Outside Italy [Member] | Refining & Marketing [Member] | Subsidiaries Thirteen [Member] | Eni Deutsch.GmbH [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni Deutsch.GmbH | |||||||
% Ownership | 20.00% | |||||||
[1] | Jointly controlled entity. | |||||||
[2] | Controlling interest: Ecofuel SpA 50.00 Third parties 50.00 |
Other information about inve263
Other information about investments (Details 10) | 12 Months Ended | ||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GHS (GH₵) | Dec. 31, 2017KRW (₩) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | Brindisi Servizi Generali Scarl | ||||
Registered office | Brindisi | ||||
Country of operation | Italy | ||||
Share capital | € 1,549,060 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 49.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Syndial SpA | ||||
% Ownership | 20.20% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | EniPower SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | EniPower SpA | ||||
% Ownership | 8.90% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 21.90% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | IFM Ferrara ScpA | ||||
Registered office | Ferrara | ||||
Country of operation | Italy | ||||
Share capital | € 5,270,466 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 19.74% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Syndial SpA | ||||
% Ownership | 11.58% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 57.98% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | S.E.F. Srl [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | S.E.F. Srl | ||||
% Ownership | 10.70% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [1] | Matrìca SpA() | |||
Registered office | Porto Torres (SS) | ||||
Country of operation | Italy | ||||
Share capital | € 37,500,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 50.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 50.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [1] | Newco Tech SpA() | |||
Registered office | Novara | ||||
Country of operation | Italy | ||||
Share capital | € 179,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 80.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | Genomatica Inc [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Genomatica Inc | ||||
% Ownership | 20.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Five [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | Novamont SpA | ||||
Registered office | Novara | ||||
Country of operation | Italy | ||||
Share capital | € 13,333,500 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Five [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 25.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 75.00% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | Priolo Servizi ScpA | ||||
Registered office | Melilli (SR) | ||||
Country of operation | Italy | ||||
Share capital | € 28,100,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 33.11% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Syndial SpA | ||||
% Ownership | 4.61% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 62.28% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | Ravenna Servizi Industriali ScpA | ||||
Registered office | Ravenna | ||||
Country of operation | Italy | ||||
Share capital | € 5,597,400 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 42.13% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | EniPower SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | EniPower SpA | ||||
% Ownership | 30.37% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 25.65% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Ecofuel SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Ecofuel SpA | ||||
% Ownership | 1.85% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | Servizi Porto Marghera Scarl | ||||
Registered office | Porto Marghera (VE) | ||||
Country of operation | Italy | ||||
Share capital | € 8,695,718 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 48.44% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Syndial SpA | ||||
% Ownership | 38.39% | ||||
Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 13.17% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [1] | Lotte Versalis Elastomers Co Ltd() | |||
Registered office | Yeosu (South Korea) | ||||
Country of operation | South Korea | ||||
Share capital | ₩ | ₩ 301,800,000,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis SpA | ||||
% Ownership | 50.00% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 50.00% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [1] | Versalis Zeal Ltd() | |||
Registered office | Takoradi (Ghana) | ||||
Country of operation | Ghana | ||||
Share capital | GH₵ | GH₵ 5,650,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Third parties | ||||
% Ownership | 20.00% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Versalis Intern. SA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Shareholders | Versalis Intern. SA | ||||
% Ownership | 80.00% | ||||
[1] | Jointly controlled entity. |
Other information about inve264
Other information about investments (Details 11) - EUR (€) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of subsidiaries [line items] | |||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |
Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Filatura Tessile Nazionale Italiana - FILTENI SpA (in liquidation) | ||
Registered office | Ferrandina (MT) | ||
Country of operation | Italy | ||
Share capital | € 4,644,000 | ||
Consolidation or valutation method | [1] | Co. | |
Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Syndial SpA | ||
% Ownership | [2] | 59.56% | |
Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 40.44% | ||
Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | Ottana Sviluppo ScpA (in liquidation) | ||
Registered office | Nuoro | ||
Country of operation | Italy | ||
Share capital | € 516,000 | ||
Consolidation or valutation method | [1] | Eq. | |
Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Syndial SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Syndial SpA | ||
% Ownership | 30.00% | ||
Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 70.00% | ||
Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | |||
Disclosure of subsidiaries [line items] | |||
Company name | [1],[3] | Saipem SpA(#) () | |
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 2,191,384,693 | ||
Consolidation or valutation method | [1] | Eq. | |
Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Third parties | ||
% Ownership | 67.98% | ||
Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Eni SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Eni SpA | ||
% Ownership | [4] | 30.54% | |
Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Saipem SpA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Shareholders | Saipem SpA | ||
% Ownership | 1.48% | ||
[1] | Jointly controlled entity. | ||
[2] | Controlling interest: Syndial SpA 48.00 Third parties 52.00 | ||
[3] | Company with shares quoted in the regulated market of Italy or of other EU countries | ||
[4] | Controlling interest: Eni SpA 31.00 Third parties 69.00 |
Other information about inve265
Other information about investments (Details 12) | 12 Months Ended | ||||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2017AUD ($) | Dec. 31, 2017EGP (ج.م.) | Dec. 31, 2017VEF ( ) | Dec. 31, 2017AOA (Kz) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | |||||||
Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries One [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Consorzio Universitario in Ingegneria per la Qualità e lInnovazione | ||||||||
Registered office | Pisa | ||||||||
Country of operation | Italy | ||||||||
Share capital | € | € 135,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries One [Member] | Eni SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni SpA | ||||||||
% Ownership | 20.00% | ||||||||
Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 80.00% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries One [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Administradora del Golfo de Paria Este SA | ||||||||
Registered office | Caracas (Venezuela) | ||||||||
Country of operation | Venezuela | ||||||||
Share capital | | 100 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 80.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries One [Member] | Eni Venezuela BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Venezuela BV | ||||||||
% Ownership | 19.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Two [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Brass LNG Ltd | ||||||||
Registered office | Lagos (Nigeria) | ||||||||
Country of operation | Nigeria | ||||||||
Share capital | $ 1,000,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 79.52% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Two [Member] | Eni Int. NA NV Sarl [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Int. NA NV Sàrl | ||||||||
% Ownership | 20.48% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Three [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Darwin LNG Pty Ltd | ||||||||
Registered office | West Perth (Australia) | ||||||||
Country of operation | Australia | ||||||||
Share capital | $ 692,507,924.87 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 89.01% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Three [Member] | Eni G&P LNG Aus. BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni G&P LNG Aus. BV | ||||||||
% Ownership | 10.99% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Four [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | New Liberty Residential Co Llc | ||||||||
Registered office | West Trenton (USA) | ||||||||
Country of operation | USA | ||||||||
Share capital | [2] | 0 | |||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 82.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Four [Member] | Eni Oil & Gas Inc [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Oil & Gas Inc | ||||||||
% Ownership | 17.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Five [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Nigeria LNG Ltd | ||||||||
Registered office | Port Harcourt (Nigeria) | ||||||||
Country of operation | Nigeria | ||||||||
Share capital | 1,138,207,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 89.60% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Five [Member] | Eni Int. NA NV Sarl [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Int. NA NV Sàrl | ||||||||
% Ownership | 10.40% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Six [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Norsea Pipeline Ltd | ||||||||
Registered office | Woking Surrey (United Kingdom) | ||||||||
Country of operation | United Kingdom | ||||||||
Share capital | £ | £ 7,614,062 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Six [Member] | Eni SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni SpA | ||||||||
% Ownership | 10.32% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 89.68% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Seven [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | North Caspian Operating Co NV | ||||||||
Registered office | Amsterdam (Netherlands) | ||||||||
Country of operation | Kazakhstan | ||||||||
Share capital | € | € 128,520 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 83.19% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Seven [Member] | Agip Caspian Sea BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Agip Caspian Sea BV | ||||||||
% Ownership | 16.81% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Eight [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | OPCO - Sociedade Operacional Angola LNG SA | ||||||||
Registered office | Luanda (Angola) | ||||||||
Country of operation | Angola | ||||||||
Share capital | Kz | Kz 7,400,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 86.40% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Eight [Member] | Eni Angola Prod.BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Angola Prod.BV | ||||||||
% Ownership | 13.60% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Nine [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Petrolera Güiria SA | ||||||||
Registered office | Caracas (Venezuela) | ||||||||
Country of operation | Venezuela | ||||||||
Share capital | | 1,000,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 80.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Nine [Member] | Eni Venezuela BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Venezuela BV | ||||||||
% Ownership | 19.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Ten [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Point Fortin LNG Exports Ltd | ||||||||
Registered office | Port of Spain (Trinidad and Tobago) | ||||||||
Country of operation | Trinidad and Tobago | ||||||||
Share capital | $ 10,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Ten [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 82.69% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Ten [Member] | Eni T&T Ltd [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni T&T Ltd | ||||||||
% Ownership | 17.31% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Eleven [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
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 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 86.40% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Eleven [Member] | Eni Angola Prod.BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Eni Angola Prod.BV | ||||||||
% Ownership | 13.60% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Twelve [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Torsina Oil Co | ||||||||
Registered office | Cairo (Egypt) | ||||||||
Country of operation | Egypt | ||||||||
Share capital | ج.م. | ج.م. 20,000 | ||||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Third parties | ||||||||
% Ownership | 87.50% | ||||||||
Outside Italy [Member] | Other significant investments Exploration & Production [Member] | Subsidiaries Twelve [Member] | Ieoc Production BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Name of Shareholders | Ieoc Production BV | ||||||||
% Ownership | 12.50% | ||||||||
[1] | Jointly controlled entity. | ||||||||
[2] | Shares without nominal value. |
Other information about inve266
Other information about investments (Details 13) | 12 Months Ended | |||
Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||
Outside Italy [Member] | Other significant investments Gas & Power [Member] | Subsidiaries One [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Company name | Angola LNG Supply Services Llc | |||
Registered office | Wilmington (USA) | |||
Country of operation | USA | |||
Share capital | $ | $ 19,278,782 | |||
Method used to account for investments in subsidiaries | [1] | Co. | ||
Outside Italy [Member] | Other significant investments Gas & Power [Member] | Subsidiaries One [Member] | Eni USA Gas M. Llc [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of Shareholders | Eni USA Gas M. Llc | |||
% Ownership | 13.60% | |||
Outside Italy [Member] | Other significant investments Gas & Power [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of Shareholders | Third parties | |||
% Ownership | 86.40% | |||
Outside Italy [Member] | Other significant investments Gas & Power [Member] | Subsidiaries Two [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Company name | Norsea Gas GmbH | |||
Registered office | Emden (Germany) | |||
Country of operation | Germany | |||
Share capital | € 1,533,875.64 | |||
Method used to account for investments in subsidiaries | [1] | Co. | ||
Outside Italy [Member] | Other significant investments Gas & Power [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of Shareholders | Third parties | |||
% Ownership | 86.96% | |||
Outside Italy [Member] | Other significant investments Gas & Power [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Name of Shareholders | Eni International BV | |||
% Ownership | 13.04% | |||
[1] | Jointly controlled entity. |
Other information about inve267
Other information about investments (Details 14) | 12 Months Ended | ||||||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2017USD ($) | Dec. 31, 2017GHS (GH₵) | Dec. 31, 2017CHF (SFr) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
Italy [Member] | Italy [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Consorzio Nazionale per la Gestione Raccolta e Trattamento degli Oli Minerali Usati (former Consorzio Obbligatorio degli Oli Usati) | ||||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | € 36,149 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Italy [Member] | Italy [Member] | Subsidiaries One [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni SpA | ||||||
% Ownership | 12.43% | ||||||
Italy [Member] | Italy [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 87.57% | ||||||
Italy [Member] | Italy [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | [2] | Società Italiana Oleodotti di Gaeta SpA | |||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | € 360,000,000 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Italy [Member] | Italy [Member] | Subsidiaries Two [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni SpA | ||||||
% Ownership | 72.48% | ||||||
Italy [Member] | Italy [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 27.52% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries One [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | BFS Berlin Fuelling Services GbR | ||||||
Registered office | Hamburg (Germany) | ||||||
Country of operation | Germany | ||||||
Share capital | € 91,139 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 87.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries One [Member] | Eni Deutsch.GmbH [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni Deutsch.GmbH | ||||||
% Ownership | 12.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Two [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Compania de Economia Mixta Austrogas | ||||||
Registered office | Cuenca (Ecuador) | ||||||
Country of operation | Ecuador | ||||||
Share capital | $ | $ 3,028,749 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 86.69% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Two [Member] | Eni Ecuador SA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni Ecuador SA | ||||||
% Ownership | 13.31% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Three [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Dépôt Pétrolier de Fos SA | ||||||
Registered office | Fos-Sur-Mer (France) | ||||||
Country of operation | France | ||||||
Share capital | € 3,954,196 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 83.19% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Three [Member] | Eni France Sarl [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni France Sàrl | ||||||
% Ownership | 16.81% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Four [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Dépôt Pétrolier de la Côte dAzur SAS | ||||||
Registered office | Nanterre (France) | ||||||
Country of operation | France | ||||||
Share capital | € 207,500 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 82.00% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Four [Member] | Eni France Sarl [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni France Sàrl | ||||||
% Ownership | 18.00% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Five [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Joint Inspection Group Ltd | ||||||
Registered office | London (United Kingdom) | ||||||
Country of operation | United Kingdom | ||||||
Share capital | £ | [3] | £ 0 | |||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Five [Member] | Eni SpA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni SpA | ||||||
% Ownership | 12.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 87.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Six [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | S.I.P.G. Société Immobilier Pétrolier de Gestion Snc | ||||||
Registered office | Tremblay-En- France (France) | ||||||
Country of operation | France | ||||||
Share capital | € 40,000 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 87.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Six [Member] | Eni France Sarl [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni France Sàrl | ||||||
% Ownership | 12.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Seven [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Sistema Integrado de Gestion de Aceites Usados | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 175,713 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 84.56% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Seven [Member] | Eni Iberia SLU [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni Iberia SLU | ||||||
% Ownership | 15.44% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Eight [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Tanklager - Gesellschaft Tegel (TGT) GbR | ||||||
Registered office | Hamburg (Germany) | ||||||
Country of operation | Germany | ||||||
Share capital | € 8,898 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 87.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Eight [Member] | Eni Deutsch.GmbH [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni Deutsch.GmbH | ||||||
% Ownership | 12.50% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Nine [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | TAR - Tankanlage Ruemlang AG | ||||||
Registered office | Ruemlang (Switzerland) | ||||||
Country of operation | Switzerland | ||||||
Share capital | SFr | SFr 3,259,500 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 83.73% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Nine [Member] | Eni Suisse SA [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni Suisse SA | ||||||
% Ownership | 16.27% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Ten [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Company name | Tema Lube Oil Co Ltd | ||||||
Registered office | Accra (Ghana) | ||||||
Country of operation | Ghana | ||||||
Share capital | GH₵ | GH₵ 258,309 | ||||||
Method used to account for investments in subsidiaries | [1] | Co. | |||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Ten [Member] | Third parties [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Third parties | ||||||
% Ownership | 88.00% | ||||||
Outside Italy [Member] | Italy [Member] | Subsidiaries Ten [Member] | Eni International BV [Member] | |||||||
Disclosure of subsidiaries [line items] | |||||||
Name of Shareholders | Eni International BV | ||||||
% Ownership | 12.00% | ||||||
[1] | Jointly controlled entity. | ||||||
[2] | Company under extraordinary administration procedure pursuant to law no. 95 of april 3, 1979. The liquidation was concluded on april 28, 2015. The cancellation has been filed and is pending the authorization by the Ministry of Economic Development. | ||||||
[3] | Shares without nominal value. |
Other information about inve268
Other information about investments (Details 15) | 12 Months Ended | |||
Dec. 31, 2017EUR (€) | Dec. 31, 2017GBP (£) | Dec. 31, 2016EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||
Share Capital | € 4,005,000,000 | € 4,005,000,000 | ||
Corporate And Other Activities [Member] | Eni SpA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 10.08% | |||
Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Company name | Emittenti Titoli SpA (in liquidation) | |||
Registered office | Milan | |||
Country of operation | Italy | |||
Share Capital | € 4,264,000 | |||
Consolidation or valutation method | [1] | Co. | ||
Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | Eni SpA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Shareholders | Eni SpA | |||
% Ownership | [2] | 10.00% | ||
Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | Emittenti Titoli SpA (L) [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Shareholders | Emittenti Titoli SpA (L) | |||
% Ownership | 0.78% | |||
Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Shareholders | Third parties | |||
% Ownership | 89.22% | |||
Outside Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Company name | OGCI Climate Investments Llp | |||
Registered office | London (United Kingdom) | |||
Country of operation | United Kingdom | |||
Share Capital | £ | [3] | £ 0 | ||
Consolidation or valutation method | [1] | Co. | ||
Outside Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Shareholders | Third parties | |||
% Ownership | 85.71% | |||
Outside Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries [Member] | Eni UK Ltd [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Shareholders | Eni UK Ltd | |||
% Ownership | 14.29% | |||
[1] | Jointly controlled entity. | |||
[2] | Controlling interest: Eni SpA 10.08 Third parties 89.92 | |||
[3] | Shares without nominal value. |
Other information about inve269
Other information about investments (Details 16) | 12 Months Ended |
Dec. 31, 2017 | |
Joint Ventures One [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Gas Distribution Company of Thessaloniki - Thessaly SA |
Registered office | Ampelokipi-Menemeni (Greece) |
Operating office | Greece |
Business segment | Gas & Power |
% ownership interest | 49.00% |
% voting rights | 49.00% |
Joint Ventures Two [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Lotte Versalis Elastomers Co Ltd |
Registered office | Yeosu (South Korea) |
Operating office | South Korea |
Business segment | Chemical |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Joint Ventures Three [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | PetroJunín SA |
Registered office | Caracas (Venezuela) |
Operating office | Venezuela |
Business segment | Exploration & Production |
% ownership interest | 40.00% |
% voting rights | 40.00% |
Joint Ventures Four [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Saipem SpA |
Registered office | San Donato Milanese (MI) (Italy) |
Operating office | Italia |
Business segment | Other Activities |
% ownership interest | 30.54% |
% voting rights | 31.00% |
Joint Ventures Five [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Unión Fenosa Gas SA |
Registered office | Madrid (Spain) |
Operating office | Spain |
Business segment | Gas & Power |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Joint Operations One [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Blue Stream Pipeline Co BV |
Registered office | Amsterdam (Netherlands) |
Operating office | Russia |
Business segment | Gas & Power |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Joint Operations Two [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Mozambique Rovuma Venture SpA (former Eni East Africa SpA) |
Registered office | San Donato Milanese (MI) (Italy) |
Operating office | Mozambique |
Business segment | Exploration & Production |
% ownership interest | 35.71% |
% voting rights | 35.71% |
Joint Operations Three [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Raffineria di Milazzo ScpA |
Registered office | Milazzo (ME) (Italy) |
Operating office | Italy |
Business segment | Refining & Marketing |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Associates [Member] | |
Disclosure of subsidiaries [line items] | |
Company name | Angola LNG Ltd |
Registered office | Hamilton (Bermuda) |
Operating office | Angola |
Business segment | Exploration & Production |
% ownership interest | 13.60% |
% voting rights | 13.60% |
Other information about inve270
Other information about investments (Details 17) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Disclosure of subsidiaries [line items] | ||||
Current assets | € 36,433 | € 37,971 | ||
Non-current assets | 78,172 | 86,560 | ||
Total assets | 114,928 | 124,545 | ||
Current liabilities | 24,735 | 27,696 | ||
Non-current liabilities | 42,027 | 43,763 | ||
Total liabilities | 66,849 | 71,459 | ||
Net equity | 48,079 | 53,086 | € 57,409 | € 65,641 |
Other operating profit (loss) | (32) | 16 | (485) | |
Operating profit | 8,012 | 2,157 | (3,076) | |
Finance (expense) income | (1,236) | (885) | (1,306) | |
Profit before income taxes | 6,844 | 892 | (4,277) | |
Income taxes | 3,467 | 1,936 | 3,122 | |
Net profit | 3,377 | (1,457) | (9,373) | |
Other comprehensive income | (5,518) | 1,870 | 4,649 | |
Total other comprehensive income | (2,141) | 413 | € (4,724) | |
Net profit attributable to Eni | 3,374 | (1,464) | ||
Saipem SpA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 6,743 | 7,783 | ||
- of which cash and cash equivalent | 1,751 | 1,892 | ||
Non-current assets | 5,847 | 6,500 | ||
Total assets | 12,590 | 14,283 | ||
Current liabilities | 4,487 | 5,668 | ||
- current financial liabilities | 189 | 206 | ||
Non-current liabilities | 3,504 | 3,730 | ||
- non-current financial liabilities | 2,929 | 3,194 | ||
Total liabilities | 7,991 | 9,398 | ||
Net equity | € 4,599 | € 4,885 | ||
Eni’s ownership interest (%) | 31.00% | 30.76% | ||
Book value of the investment | € 1,413 | € 1,497 | ||
Revenues and other operating income | 9,038 | 10,009 | ||
Operating expense | (8,172) | (9,100) | ||
Depreciation, amortization and impairments | (740) | (2,408) | ||
Operating profit | 126 | (1,499) | ||
Finance (expense) income | (223) | (154) | ||
Income (expense) from investments | (9) | 18 | ||
Profit before income taxes | (106) | (1,635) | ||
Income taxes | (201) | (445) | ||
Net profit | (307) | (2,080) | ||
Other comprehensive income | 49 | 48 | ||
Total other comprehensive income | (258) | (2,032) | ||
Net profit attributable to Eni | (101) | (144) | ||
Union Fenosa Gas SA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 610 | 651 | ||
- of which cash and cash equivalent | 32 | 25 | ||
Non-current assets | 877 | 1,037 | ||
Total assets | 1,487 | 1,688 | ||
Current liabilities | 234 | 232 | ||
- current financial liabilities | 40 | 61 | ||
Non-current liabilities | 580 | 650 | ||
- non-current financial liabilities | 506 | 547 | ||
Total liabilities | 814 | 882 | ||
Net equity | € 673 | € 806 | ||
Eni’s ownership interest (%) | 50.00% | 50.00% | ||
Book value of the investment | € 350 | € 434 | ||
Revenues and other operating income | 1,340 | 905 | ||
Operating expense | (1,308) | (921) | ||
Depreciation, amortization and impairments | (89) | (131) | ||
Operating profit | (57) | (147) | ||
Finance (expense) income | (38) | 31 | ||
Income (expense) from investments | 3 | 13 | ||
Profit before income taxes | (92) | (103) | ||
Income taxes | 1 | 23 | ||
Net profit | (91) | (80) | ||
Other comprehensive income | (41) | 29 | ||
Total other comprehensive income | (132) | (51) | ||
Net profit attributable to Eni | (63) | (82) | ||
PetroJunin SA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 365 | 336 | ||
- of which cash and cash equivalent | 2 | |||
Non-current assets | 628 | 703 | ||
Total assets | 993 | 1,039 | ||
Current liabilities | 434 | 480 | ||
Non-current liabilities | 34 | 32 | ||
Total liabilities | 468 | 512 | ||
Net equity | € 525 | € 527 | ||
Eni’s ownership interest (%) | 40.00% | 40.00% | ||
Book value of the investment | € 210 | € 211 | ||
Revenues and other operating income | 135 | 105 | ||
Operating expense | (66) | (60) | ||
Depreciation, amortization and impairments | (29) | (40) | ||
Operating profit | 40 | 5 | ||
Finance (expense) income | 47 | 94 | ||
Profit before income taxes | 87 | 99 | ||
Income taxes | (22) | (24) | ||
Net profit | 65 | 75 | ||
Other comprehensive income | (68) | 18 | ||
Total other comprehensive income | (3) | 93 | ||
Net profit attributable to Eni | 26 | 30 | ||
Gas Distribution Company of Thessaloniki -Thessaly SA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 86 | 34 | ||
- of which cash and cash equivalent | 15 | 8 | ||
Non-current assets | 289 | 285 | ||
Total assets | 375 | 319 | ||
Current liabilities | 94 | 13 | ||
Non-current liabilities | 2 | |||
Total liabilities | 96 | 13 | ||
Net equity | € 279 | € 306 | ||
Eni’s ownership interest (%) | 49.00% | 49.00% | ||
Book value of the investment | € 137 | € 150 | ||
Revenues and other operating income | 54 | 152 | ||
Operating expense | (14) | (98) | ||
Depreciation, amortization and impairments | (15) | (22) | ||
Operating profit | 25 | 32 | ||
Profit before income taxes | 25 | 32 | ||
Income taxes | (7) | (12) | ||
Net profit | 18 | 20 | ||
Total other comprehensive income | 18 | 20 | ||
Net profit attributable to Eni | 9 | 10 | ||
Dividends received by the joint venture | 12 | 10 | ||
Lotte Versalis Elastomeres Co [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 43 | 12 | ||
- of which cash and cash equivalent | 30 | 11 | ||
Non-current assets | 547 | 417 | ||
Total assets | 590 | 429 | ||
Current liabilities | 70 | 36 | ||
- current financial liabilities | 38 | |||
Non-current liabilities | 292 | 245 | ||
- non-current financial liabilities | 288 | 245 | ||
Total liabilities | 362 | 281 | ||
Net equity | € 228 | € 148 | ||
Eni’s ownership interest (%) | 50.00% | 50.00% | ||
Book value of the investment | € 114 | € 74 | ||
Operating expense | (4) | (1) | ||
Operating profit | (4) | (1) | ||
Finance (expense) income | 1 | |||
Profit before income taxes | (4) | |||
Net profit | (4) | |||
Other comprehensive income | (6) | |||
Total other comprehensive income | (10) | |||
Net profit attributable to Eni | (2) | |||
Cardon IV SA One [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 816 | 451 | ||
- of which cash and cash equivalent | 42 | 31 | ||
Non-current assets | 2,756 | 3,628 | ||
Total assets | 3,572 | 4,079 | ||
Current liabilities | 644 | 455 | ||
Non-current liabilities | 2,928 | 3,230 | ||
- non-current financial liabilities | 1,912 | 2,108 | ||
Total liabilities | € 3,572 | 3,685 | ||
Net equity | € 394 | |||
Eni’s ownership interest (%) | 50.00% | 50.00% | ||
Book value of the investment | € 197 | |||
Revenues and other operating income | € 756 | 738 | ||
Operating expense | (608) | (233) | ||
Depreciation, amortization and impairments | (357) | (87) | ||
Operating profit | (209) | 418 | ||
Finance (expense) income | (155) | (206) | ||
Profit before income taxes | (364) | 212 | ||
Income taxes | (4) | (252) | ||
Net profit | (368) | (40) | ||
Other comprehensive income | 26 | 12 | ||
Total other comprehensive income | (394) | (28) | ||
Net profit attributable to Eni | (184) | (20) | ||
Other joint ventures [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 275 | 197 | ||
- of which cash and cash equivalent | 64 | 45 | ||
Non-current assets | 916 | 469 | ||
Total assets | 1,191 | 666 | ||
Current liabilities | 985 | 433 | ||
- current financial liabilities | 640 | 299 | ||
Non-current liabilities | 124 | 94 | ||
- non-current financial liabilities | 79 | 36 | ||
Total liabilities | 1,109 | 527 | ||
Net equity | 82 | 139 | ||
Book value of the investment | 28 | 72 | ||
Revenues and other operating income | 412 | 275 | ||
Operating expense | (433) | (279) | ||
Other operating profit (loss) | (5) | |||
Depreciation, amortization and impairments | (113) | (169) | ||
Operating profit | (134) | (178) | ||
Finance (expense) income | (53) | (20) | ||
Income (expense) from investments | (4) | |||
Profit before income taxes | (191) | (198) | ||
Income taxes | (11) | (20) | ||
Net profit | (202) | (218) | ||
Other comprehensive income | (2) | |||
Total other comprehensive income | (202) | (220) | ||
Net profit attributable to Eni | (56) | (125) | ||
Dividends received by the joint venture | € 29 | € 35 |
Other information about inve271
Other information about investments (Details 18) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Disclosure of subsidiaries [line items] | ||||
Current assets | € 36,433 | € 37,971 | ||
Non-current assets | 78,172 | 86,560 | ||
Total assets | 114,928 | 124,545 | ||
Current liabilities | 24,735 | 27,696 | ||
Non-current liabilities | 42,027 | 43,763 | ||
Total liabilities | 66,849 | 71,459 | ||
Net equity | 48,079 | 53,086 | € 57,409 | € 65,641 |
Operating profit | 8,012 | 2,157 | (3,076) | |
Finance (expense) income | (1,236) | (885) | (1,306) | |
Profit before income taxes | 6,844 | 892 | (4,277) | |
Income taxes | 3,467 | 1,936 | 3,122 | |
Net profit | 3,377 | (1,457) | (9,373) | |
Other comprehensive income | (5,518) | 1,870 | 4,649 | |
Total other comprehensive income | (2,141) | 413 | € (4,724) | |
Net profit attributable to Eni | 3,374 | (1,464) | ||
Angola LNG Ltd [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 662 | 507 | ||
- of which cash and cash equivalent | 370 | 339 | ||
Non-current assets | 7,048 | 8,376 | ||
Total assets | 7,710 | 8,883 | ||
Current liabilities | 203 | 284 | ||
Non-current liabilities | 1,610 | 1,863 | ||
- non-current financial liabilities | 1,418 | 1,699 | ||
Total liabilities | 1,813 | 2,147 | ||
Net equity | € 5,897 | € 6,736 | ||
Eni’s ownership interest (%) | 13.60% | 13.60% | ||
Book value of the investment | € 802 | € 916 | ||
Revenues and other operating income | 1,374 | 84 | ||
Operating expense | (563) | (281) | ||
Depreciation, depletion, amortization and impairments | (399) | |||
Operating profit | 412 | (188) | ||
Finance (expense) income | (80) | (385) | ||
Income (expense) from investments | (70) | |||
Profit before income taxes | 332 | (455) | ||
Net profit | 332 | (455) | ||
Other comprehensive income | (817) | 200 | ||
Total other comprehensive income | (485) | (255) | ||
Net profit attributable to Eni | 45 | (62) | ||
United Gas Derivatives Co [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 192 | 253 | ||
- of which cash and cash equivalent | 62 | 146 | ||
Non-current assets | 91 | 140 | ||
Total assets | 283 | 393 | ||
Current liabilities | 37 | 41 | ||
Non-current liabilities | 1 | |||
Total liabilities | 37 | 42 | ||
Net equity | € 246 | € 351 | ||
Eni’s ownership interest (%) | 33.33% | 33.33% | ||
Book value of the investment | € 82 | € 117 | ||
Revenues and other operating income | 112 | 102 | ||
Operating expense | (44) | (61) | ||
Depreciation, depletion, amortization and impairments | (13) | |||
Operating profit | 55 | (13) | ||
Finance (expense) income | 6 | 28 | ||
Income (expense) from investments | 11 | |||
Profit before income taxes | 61 | 39 | ||
Income taxes | (14) | 5 | ||
Net profit | 47 | 44 | ||
Other comprehensive income | (39) | 11 | ||
Total other comprehensive income | 8 | 55 | ||
Net profit attributable to Eni | 16 | 14 | ||
Dividends received by the associate | 12 | 14 | ||
Other Associates [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Current assets | 182 | 1,338 | ||
- of which cash and cash equivalent | 46 | 32 | ||
Non-current assets | 1,698 | 569 | ||
Total assets | 1,880 | 1,907 | ||
Current liabilities | 339 | 1,232 | ||
- current financial liabilities | 42 | 25 | ||
Non-current liabilities | 1,050 | 270 | ||
- non-current financial liabilities | 997 | 78 | ||
Total liabilities | 1,389 | 1,502 | ||
Net equity | 491 | 405 | ||
Book value of the investment | 177 | 167 | ||
Revenues and other operating income | 462 | 1,239 | ||
Operating expense | (410) | (1,051) | ||
Depreciation, depletion, amortization and impairments | (27) | (2) | ||
Operating profit | 25 | (625) | ||
Finance (expense) income | 1 | (439) | ||
Income (expense) from investments | (30) | 224 | ||
Profit before income taxes | (4) | (215) | ||
Income taxes | (5) | (108) | ||
Net profit | (9) | (323) | ||
Other comprehensive income | (13) | (7) | ||
Total other comprehensive income | (22) | (330) | ||
Net profit attributable to Eni | (7) | (88) | ||
Dividends received by the associate | € 1 | € 39 |
Other information about inve272
Other information about investments (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of subsidiaries [line items] | ||
Non-controlling interest | € 49 | € 49 |
Corporate and other activities [Member] | Eni SpA [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion of ownership interest in other significant investments | 10.08% | |
Corporate and other activities [Member] | Other Related Parties [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion of ownership interest in other significant investments | 89.92% | |
Other activities [Member] | Eni SpA [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion Of Ownership Interest In Joint Arrangements And Associates | 31.00% | |
Other activities [Member] | Other Related Parties [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion Of Ownership Interest In Joint Arrangements And Associates | 52.00% | |
Other activities [Member] | Syndial SpA [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion Of Ownership Interest In Joint Arrangements And Associates | 48.00% | |
Other activities [Member] | Other Related Parties One [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion Of Ownership Interest In Joint Arrangements And Associates | 69.00% | |
Refining & Marketing [Member] | Other Related Parties [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion Of Ownership Interest In Joint Arrangements And Associates | 50.00% | |
Refining & Marketing [Member] | Ecofuel SpA [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion Of Ownership Interest In Joint Arrangements And Associates | 50.00% |