Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and Entity Information [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | ENI SPA |
Entity Central Index Key | 0001002242 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Trading Symbol | E |
Entity Common Stock, Shares Outstanding | 3,634,185,330 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET € in Millions | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | ||
Current assets | ||||
Cash and cash equivalents | [1] | € 10,836 | € 7,363 | |
Financial assets held for trading | 6,552 | [2] | 6,012 | |
Financial assets available for sale | [2] | 207 | ||
Other current financial assets | 300 | 316 | ||
Trade and other receivables | 14,101 | 15,421 | ||
Inventories | 4,651 | 4,621 | ||
Income tax receivables | 191 | 191 | ||
Other tax receivables | 561 | 729 | ||
Other current assets | 2,258 | 1,573 | ||
Current assets | 39,450 | 36,433 | ||
Non-current assets | ||||
Property, plant and equipment | 60,302 | 63,158 | ||
Inventories - compulsory stock | 1,217 | 1,283 | ||
Intangible assets | 3,170 | 2,925 | ||
Equity-accounted investments | 7,044 | 3,511 | ||
Other investments | 919 | 219 | ||
Other non-current financial assets | 1,253 | 1,675 | ||
Deferred tax assets | 3,931 | 4,078 | ||
Other non-current assets | 792 | 1,323 | ||
Non-current assets | 78,628 | 78,172 | ||
Assets held for sale | 295 | 323 | ||
TOTAL ASSETS | 118,373 | 114,928 | ||
Current liabilities | ||||
Short-term debt | 2,182 | 2,242 | ||
Current portion of long-term debt | 3,601 | 2,286 | ||
Trade and other payables | 16,747 | 16,748 | ||
Income tax payables | 440 | 472 | ||
Other tax payables | 1,432 | 1,472 | ||
Other current liabilities | 3,980 | 1,515 | ||
Current liabilities | 28,382 | 24,735 | ||
Non-current liabilities | ||||
Long-term debt | 20,082 | 20,179 | ||
Provisions for contingencies | 11,886 | 13,447 | ||
Provisions for employee benefits | 1,117 | 1,022 | ||
Deferred tax liabilities | 4,272 | 5,900 | ||
Other non-current liabilities | 1,502 | 1,479 | ||
Non-current liabilities | 38,859 | 42,027 | ||
Liabilities directly associated with assets held for sale | 59 | 87 | ||
TOTAL LIABILITIES | 67,300 | 66,849 | ||
SHAREHOLDERS' EQUITY | ||||
Non-controlling interest | 57 | 49 | ||
Eni shareholders' equity | ||||
Share capital | 4,005 | 4,005 | ||
Retained earnings | 36,702 | 35,966 | ||
Cumulative currency translation differences | 6,605 | 4,818 | ||
Other reserves | 1,672 | 1,889 | ||
Treasury shares | (581) | (581) | ||
Interim dividend | (1,513) | (1,441) | ||
Net profit (loss) | 4,126 | 3,374 | ||
Total Eni shareholders' equity | 51,016 | 48,030 | ||
TOTAL SHAREHOLDERS' EQUITY | 51,073 | 48,079 | ||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 118,373 | 114,928 | ||
Related parties [member] | ||||
Current assets | ||||
Other current financial assets | 49 | 73 | ||
Trade and other receivables | 633 | 834 | ||
Other current assets | 71 | 30 | ||
Non-current assets | ||||
Other non-current financial assets | 915 | 1,214 | ||
Other non-current assets | 160 | 46 | ||
Current liabilities | ||||
Short-term debt | 661 | 164 | ||
Trade and other payables | 3,664 | 2,808 | ||
Other current liabilities | 63 | 60 | ||
Non-current liabilities | ||||
Other non-current liabilities | € 23 | € 23 | ||
[1] | Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet | |||
[2] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
CONSOLIDATED PROFIT AND LOSS AC
CONSOLIDATED PROFIT AND LOSS ACCOUNT - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
REVENUES | |||
Net sales from operations | € 75,822 | € 66,919 | € 55,762 |
Other income and revenues | 1,116 | 4,058 | 931 |
Total Revenue | 76,938 | 70,977 | 56,693 |
Purchases, services and other | (55,622) | (51,548) | (43,278) |
Net (impairment losses) reversals of trade and other receivables | (415) | (913) | (846) |
Payroll and related costs | (3,093) | (2,951) | (2,994) |
Other operating income (expense) | 129 | (32) | 16 |
Depreciation and amortization | (6,988) | (7,483) | (7,559) |
Net (impairment losses) reversals of tangible and intangible assets | (866) | 225 | 475 |
Write-off of tangible and intangible assets | (100) | (263) | (350) |
OPERATING PROFIT (LOSS) | 9,983 | 8,012 | 2,157 |
FINANCE INCOME (EXPENSE) | |||
Finance income | 3,967 | 3,924 | 5,850 |
Finance expense | (4,663) | (5,886) | (6,232) |
Net finance income (expense) from financial assets held for trading | 32 | (111) | (21) |
Derivative financial instruments | (307) | 837 | (482) |
Finance income (cost) | (971) | (1,236) | (885) |
INCOME (EXPENSE) FROM INVESTMENTS | |||
Share of profit (loss) from equity-accounted investments | (68) | (267) | (326) |
Other gain (loss) from investments | 1,163 | 335 | (54) |
Investment income | 1,095 | 68 | (380) |
PROFIT (LOSS) BEFORE INCOME TAXES | 10,107 | 6,844 | 892 |
Income taxes | (5,970) | (3,467) | (1,936) |
Net profit (loss) for the year - continuing operations | 4,137 | 3,377 | (1,044) |
Net profit (loss) for the year - discontinued operations | (413) | ||
Net profit (loss) for the year | 4,137 | 3,377 | (1,457) |
Attributable to Eni: | |||
- continuing operations | 4,126 | 3,374 | (1,051) |
- discontinued operations | (413) | ||
Profit (loss), attributable to ordinary equity holders of parent entity | 4,126 | 3,374 | (1,464) |
Attributable to non-controlling interest: | |||
- continuing operations | 11 | 3 | 7 |
- discontinued operations | |||
Profit (loss), attributable to non-controlling interests | € 11 | € 3 | € 7 |
Earnings per share attributable to Eni (€ per share) | |||
Basic | € 1.15 | € 0.94 | € (0.41) |
Diluted | 1.15 | 0.94 | (0.41) |
Earnings per share attributable to Eni – Continuing operations (€ per share) | |||
Basic | 1.15 | 0.94 | (0.29) |
Diluted | € 1.15 | € 0.94 | € (0.29) |
Related parties [member] | |||
REVENUES | |||
Net sales from operations | € 1,383 | € 1,567 | € 1,238 |
Other income and revenues | 8 | 41 | 74 |
Purchases, services and other | (8,009) | (9,164) | (8,212) |
Net (impairment losses) reversals of trade and other receivables | 26 | ||
Payroll and related costs | (22) | (34) | (24) |
Other operating income (expense) | 319 | 331 | 247 |
FINANCE INCOME (EXPENSE) | |||
Finance income | 115 | 191 | 157 |
Finance expense | € (283) | € (4) | (145) |
Derivative financial instruments | € 27 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Statement [Abstract] | |||
Net profit (loss) | € 4,137 | € 3,377 | € (1,457) |
Items that are not reclassified to profit or loss in later periods | |||
Remeasurements of defined benefit plans | (15) | (33) | 16 |
Change in the fair value of minor investments with effects to OCI | 15 | ||
Tax effect related to other comprehensive income not to be reclassified to profit or loss in subsequent periods | (2) | 29 | (35) |
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (2) | (4) | (19) |
Items that may be reclassified to profit or loss in later periods | |||
Currency translation differences | 1,787 | (5,573) | 1,198 |
Change in the fair value of available-for-sale financial instruments | (5) | (4) | |
Change in the fair value of cash flow hedging derivatives | (243) | (6) | 883 |
Share of other comprehensive income on equity-accounted entities | (24) | 69 | 32 |
Tax effect related to other comprehensive income to be reclassified to profit or loss in subsequent periods | 58 | 1 | (220) |
Other comprehensive income that will be reclassified to profit or loss, net of tax | 1,578 | (5,514) | 1,889 |
Total other items of comprehensive income (loss) | 1,576 | (5,518) | 1,870 |
Total comprehensive income (loss) | 5,713 | (2,141) | 413 |
Attributable to Eni | |||
- continuing operations | 5,702 | (2,144) | 819 |
- discontinued operations | (413) | ||
Comprehensive income, attributable to owners of parent | 5,702 | (2,144) | 406 |
Attributable to non-controlling interest | |||
- continuing operations | 11 | 3 | 7 |
- discontinued operations | |||
Comprehensive income, attributable to non-controlling interests | € 11 | € 3 | € 7 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - EUR (€) € in Millions | Total | Share capital [member] | Retained Earnings [Member] | Cumulative currency translation differences [member] | Other reserves [member] | Treasury shares [member] | Interim dividend [member] | Net profit (loss) [Member] | Equity attributable to owners of parent [member] | Non-controlling interests [member] |
Balance at Dec. 31, 2015 | € 57,409 | € 4,005 | € 51,985 | € 9,129 | € 1,173 | € (581) | € (1,440) | € (8,778) | € 55,493 | € 1,916 |
Net profit (loss) for the year | (1,457) | (1,464) | (1,464) | 7 | ||||||
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 | 1,198 | 1,190 | 8 | 1,198 | ||||||
Change in the fair value of other available-for-sale financial instruments net of tax effect | (4) | (4) | (4) | |||||||
Change in 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 | 1,889 | 1,190 | 699 | 1,889 | ||||||
Total comprehensive income (loss) of the year | 413 | 1,190 | 680 | (1,464) | 406 | 7 | ||||
Transactions with shareholders | ||||||||||
Dividend distribution of Eni SpA | (1,440) | (1,028) | 1,440 | (1,852) | (1,440) | |||||
Interim dividend distribution of Eni SpA | (1,441) | (1,441) | (1,441) | |||||||
Dividend distribution of other companies | (4) | (4) | ||||||||
Allocation of net income (loss) | (10,630) | 10,630 | ||||||||
Increase (decrease) in equity | (2,885) | (11,658) | (1) | 8,778 | (2,881) | (4) | ||||
Other changes in shareholders' equity | ||||||||||
Exclusion from the scope of consolidation of Saipem group following the sale of the control | (1,872) | (1,872) | ||||||||
Reclassification to profit and loss account of amounts previously recognized in other comprehensive income related to Saipem | (28) | (8) | (20) | (28) | ||||||
Other changes | 49 | 48 | (1) | 47 | 2 | |||||
Increase (decrease) through other changes, equity | (1,851) | 40 | (21) | 19 | (1,870) | |||||
Balance at Dec. 31, 2016 | 53,086 | 4,005 | 40,367 | 10,319 | 1,832 | (581) | (1,441) | (1,464) | 53,037 | 49 |
Net profit (loss) for the year | 3,377 | 3,374 | 3,374 | 3 | ||||||
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 | (5,573) | (5,575) | 2 | (5,573) | ||||||
Change in the fair value of other available-for-sale financial instruments net of tax effect | (4) | (4) | (4) | |||||||
Change in 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 | (5,514) | (5,575) | 61 | (5,514) | ||||||
Total comprehensive income (loss) of the year | (2,141) | (5,575) | 57 | 3,374 | (2,144) | 3 | ||||
Transactions with shareholders | ||||||||||
Dividend distribution of Eni SpA | (1,440) | 1,441 | (2,881) | (1,440) | ||||||
Interim dividend distribution of Eni SpA | (1,441) | (1,441) | (1,441) | |||||||
Dividend distribution of other companies | (3) | (3) | ||||||||
Allocation of net income (loss) | (4,345) | 4,345 | ||||||||
Increase (decrease) in equity | (2,884) | (4,345) | 1,464 | (2,881) | (3) | |||||
Other changes in shareholders' equity | ||||||||||
Other changes | 18 | (56) | 74 | 18 | ||||||
Increase (decrease) through other changes, equity | 18 | (56) | 74 | 18 | ||||||
Balance at Dec. 31, 2017 | 48,079 | 4,005 | 35,966 | 4,818 | 1,889 | (581) | (1,441) | 3,374 | 48,030 | 49 |
Balance (Increase (decrease) due to application of IFRS 15 and IFRS 9 [Member]) at Dec. 31, 2017 | 245 | 245 | 245 | |||||||
Balance at Dec. 31, 2017 | 48,324 | 4,005 | 36,211 | 4,818 | 1,889 | (581) | (1,441) | 3,374 | 48,275 | 49 |
Net profit (loss) for the year | 4,137 | 4,126 | 4,126 | 11 | ||||||
Items that are not reclassified to profit or loss in later periods | ||||||||||
Remeasurements of defined benefit plans net of tax effect | (17) | (17) | (17) | |||||||
Change of minor investments measured at fair value with effects recognised in OCI | 15 | 15 | 15 | |||||||
Other comprehensive income that will not be reclassified to profit or loss, net of tax | (2) | (2) | (2) | |||||||
Items that may be reclassified to profit or loss in later periods | ||||||||||
Currency translation differences | 1,787 | 1,787 | 1,787 | |||||||
Change in the fair value of cash flow hedge derivatives net of tax effect | (185) | (185) | (185) | |||||||
Share of "Other comprehensive income" on equity-accounted entities | (24) | (24) | (24) | |||||||
Other comprehensive income that will be reclassified to profit or loss, net of tax | 1,578 | 1,787 | (209) | 1,578 | ||||||
Total comprehensive income (loss) of the year | 5,713 | 1,787 | (211) | 4,126 | 5,702 | 11 | ||||
Transactions with shareholders | ||||||||||
Dividend distribution of Eni SpA | (1,440) | 1,441 | (2,881) | (1,440) | ||||||
Interim dividend distribution of Eni SpA | (1,513) | (1,513) | (1,513) | |||||||
Dividend distribution of other companies | (3) | (3) | ||||||||
Allocation of net income (loss) | 493 | (493) | ||||||||
Increase (decrease) in equity | (2,956) | 493 | (72) | (3,374) | (2,953) | (3) | ||||
Other changes in shareholders' equity | ||||||||||
Long-term share-based incentive plan | 5 | 5 | 5 | |||||||
Other changes | (13) | (7) | (6) | (13) | ||||||
Increase (decrease) through other changes, equity | (8) | (2) | (6) | (8) | ||||||
Balance at Dec. 31, 2018 | € 51,073 | € 4,005 | € 36,702 | € 6,605 | € 1,672 | € (581) | € (1,513) | € 4,126 | € 51,016 | € 57 |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - € / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Dividends paid, ordinary shares per share | € 0.40 | € 0.40 | € 0.40 |
Dividends paid per share relating to prior year | 0.40 | 0.40 | 0.40 |
Interim dividends paid per share | € 0.42 | € 0.40 | € 0.40 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS € in Millions | 12 Months Ended | |||||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | ||||
Net profit (loss) of the year – continuing operations | € 4,137 | € 3,377 | € (1,044) | |||
Adjustments to reconcile net profit (loss) to net cash provided by operating activities | ||||||
Depreciation and amortization | 6,988 | 7,483 | 7,559 | |||
Net Impairments (reversals) of tangible and intangible assets | 866 | (225) | (475) | |||
Write-off of tangible and intangible assets | 100 | 263 | 350 | |||
Share of (profit) loss of equity-accounted investments | 68 | 267 | 326 | |||
Gain on disposal of assets, net | (474) | (3,446) | (48) | |||
Dividend income | (231) | (205) | (143) | |||
Interest income | (185) | (283) | (209) | |||
Interest expense | 614 | 671 | 645 | |||
Income taxes | 5,970 | 3,467 | 1,936 | |||
Other changes | (474) | 894 | (9) | |||
Changes in working capital: | ||||||
- inventories | 15 | (346) | (273) | |||
- trade receivables | 334 | 657 | 1,286 | |||
- trade payables | 642 | 284 | 1,495 | |||
- provisions for contingencies | (238) | 96 | (1,043) | |||
- other assets and liabilities | 879 | 749 | 647 | |||
Cash flow from changes in working capital | 1,632 | 1,440 | 2,112 | |||
Net change in the provisions for employee benefits | 109 | 38 | 22 | |||
Dividends received | 275 | 291 | 212 | |||
Interest received | 87 | 104 | 160 | |||
Interest paid | (609) | (582) | (780) | |||
Income taxes paid, net of tax receivables received | (5,226) | (3,437) | (2,941) | |||
Net cash provided by operating activities | 13,647 | 10,117 | 7,673 | |||
Investing activities: | ||||||
- tangible assets | (8,778) | (8,490) | (9,067) | |||
- intangible assets | (341) | (191) | (113) | |||
- consolidated subsidiaries and businesses net of cash and cash equivalent acquired | (119) | |||||
- investments | (125) | (510) | (1,164) | |||
- securities | (432) | (316) | (1,336) | |||
- financial receivables | (554) | (657) | (1,208) | |||
- change in payables in relation to investing activities and capitalized depreciation | 408 | 152 | (8) | |||
Cash flow from investing activities | (9,941) | (10,012) | (12,896) | |||
Disposals: | ||||||
- tangible assets | 1,089 | 2,745 | 19 | |||
- intangible assets | 5 | 2 | ||||
- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | (47) | 2,662 | (362) | |||
- tax on disposals | (436) | |||||
- investments | 195 | 482 | 508 | |||
- securities | 61 | 224 | 20 | |||
- financial receivables | 496 | 999 | 8,063 | |||
- change in receivables in relation to disposals | 606 | (434) | 205 | |||
Cash flow from disposals | 2,405 | 6,244 | 8,453 | |||
Net cash used in investing activities | (7,536) | (3,768) | (4,443) | |||
Increase in long-term financial debt | 3,790 | 1,842 | 4,202 | |||
Repayments of long-term financial debt | (2,757) | (2,973) | (2,323) | |||
Increase (decrease) in short-term financial debt | (713) | (581) | (2,645) | |||
Cash flows from used in increase (decrease) in borrowings | 320 | (1,712) | (766) | |||
Dividends paid to Eni's shareholders | (2,954) | (2,880) | (2,881) | |||
Dividends paid to non-controlling interest | (3) | (3) | (4) | |||
Net cash used in financing activities | (2,637) | (4,595) | (3,651) | |||
Effect of change in consolidation (inclusion/exclusion of significant/insignificant subsidiaries) | 7 | (5) | ||||
Effect of cash and cash equivalents pertaining to discontinued operations | 889 | |||||
Effect of exchange rate changes and other changes on cash and cash equivalents | 18 | (72) | 2 | |||
Net cash flow of the year | 3,492 | 1,689 | 465 | |||
Cash and cash equivalents – beginning of the year | 7,363 | [1] | 5,674 | [1] | 5,209 | |
Cash and cash equivalents – end of the year | [1] | 10,836 | 7,363 | 5,674 | ||
Related parties [member] | ||||||
Changes in working capital: | ||||||
Net cash provided by operating activities | (2,707) | (2,843) | (3,749) | |||
Disposals: | ||||||
Net cash used in investing activities | (3,314) | (3,115) | 3,752 | |||
Net cash used in financing activities | € 16 | € (16) | € (192) | |||
[1] | Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet |
CONSOLIDATED STATEMENT OF CAS_2
CONSOLIDATED STATEMENT OF CASH FLOWS (Parenthetical) € in Millions | Dec. 31, 2018EUR (€) |
Cash and cash equivalents of consolidated subsidiaries | € 19 |
Significant accounting policies
Significant accounting policies, estimates and judgements | 12 Months Ended |
Dec. 31, 2018 | |
Description Of Significant Accounting Policies [Abstract] | |
Disclosure of significant accounting policies [text block] | 1 Significant accounting policies, estimates and judgements Basis of preparation The Consolidated Financial Statements of the Eni Group have been prepared in accordance with International Financial Reporting Standards (IFRS) 1 The Consolidated Financial Statements have been prepared under the historical cost convention, taking into account, where appropriate, value adjustments, except for certain items that under IFRSs must be measured at fair value as described in the accounting policies that follow. The 2018 Consolidated Financial Statements included in the Annual Report on Form 20-F, approved by the Eni’s Board of Directors on April 4, 2019, 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), except where otherwise indicated. Significant accounting estimates and judgements The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognised in the financial statements, as well as amounts included in the notes thereto, including disclosure of contingent assets and contingent liabilities. Estimates made are based on complex judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant 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. 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. (1) IFRSs include also International Accounting Standards (IAS), currently effective, as well as the interpretations developed by the IFRS Interpretations Committee, previously named International Financial Reporting Interpretations Committee (IFRIC) and initially Standing Interpretations Committee (SIC). Subsidiaries are consolidated, on the basis of consistent accounting policies, from the date on which control is obtained until the date that control ceases. Assets, liabilities, income and expenses of consolidated subsidiaries are fully recognised with those of the parent in the Consolidated Financial Statements; the parent’s investment in each subsidiary is eliminated against the corresponding parent’s portion of equity of each subsidiary. Non-controlling interests are presented separately in the balance sheet within equity; the profit or loss attributable to non-controlling interests is presented in a specific line item of the profit and loss account. 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 revenue and other operating data (production, reserves, etc.) of the project, as well as the related obligations arising from the project, are recognised directly in the financial statements of the companies involved based on their own share. Some subsidiaries are not consolidated because they are not significant, either individually or in the aggregate; this exclusion has not produced significant 2 ial Statements 3 When the proportion of the equity held by non-controlling interests changes, any difference between the consideration paid/received and the amount by which the non-controlling interests are adjusted is attributed to Eni 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 or loss calculated as the difference between the consideration received and the corresponding transferred net assets; (ii) any gain or loss recognised as a result of the re-measurement of any investment retained in the former subsidiary at its fair value; and (iii) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 4 Interests in joint arrangements Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Investments in joint ventures are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have enforceable rights to the assets, and enforceable obligations for the liabilities, relating to the arrangement. In the Consolidated Financial Statements, Eni recognises its share of the assets/liabilities and revenue/expenses of joint operations on the basis of its rights and obligations relating to the arrangements. After the initial recognition, the assets/liabilities and revenue/expenses of the joint operations are measured in accordance with the applicable measurement criteria. Not significant 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. Investments in associates An associate is an entity over which Eni has significant influence, that is the power to participate in the financial and operating policy decisions of the investee, but is not control or joint control of those policies. Investments in associates are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. (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 rep o rting entity”. (3) Unconsolidated subsidiaries are accounted for as described in the accounting policy for “The equity method of accounting”. (4) Conversely, any amount related to the former subsidiary previously recognised in other comprehensive income, which may not be reclassified subsequently to the profit and loss account, are reclassified in another item of equity. 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 joint ventures, associates and not significant unconsolidated subsidiaries, are accounted for using the equity method. 5 6 Under the equity method, investments are initially recognised 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 recognised 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. 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 (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the counterparty, etc.), 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”. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognised in the profit and loss account within “Other gain (loss) from investments”. The impairment reversal shall not exceed the previously recognised impairment losses. Losses arising from the application of the equity method in excess of the carrying amount of the investment, recognised in the profit and loss account within “Income (Expense) from investments”, reduce the carrying amount of any financing receivables towards the investee for which settlement is neither planned nor likely to occur in the foreseeable future and which are, in substance, an extension of the investment in the investee (the so-called long-term interests). The sale of equity interests with loss of joint control or significant influence over the investee determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss recognised as a result of the re-measurement of any investment retained in the former joint venture/associate at its fair value7; and (iii) any amount related to the former joint venture/associate previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 8 The investor’s share of losses of an investee, that exceeds the carrying amount of the investment and any long-term interests, is recognised in a specific provision only to the extent that the investor has incurred legal or constructive obligations or made payments on behalf of the investee. Business combinations Business combinations are accounted for by applying the acquisition method. The consideration transferred in a business combination is the sum of the acquisition-date fair value of the assets transferred, the liabilities incurred and the equity interests issued by the acquirer. Acquisition-related costs are accounted for as expenses when incurred. (5) In the case of step acquisition of significant influence (joint control), the investment is recognised, 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. (6) Joint ventures, associates and not significant unconsolidated subsidiaries are accounted for at cost less any accumulated impairment losses, if this does not result in a misrepresentation of the Company's financial position and performance. (7) If the retained investment continues to be accounted for using the equity method, no re-measurement at fair value is recognised in the profit and loss account. (8) Conversely, any amount related to the former joint venture/associate previously recognised in other comprehensive income, which may not be reclassified subsequently to the profit and loss account, are reclassified in another item of equity. The acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 9 Any non-controlling interests are measured as the proportionate share in the recognised amounts of the acquiree’s identifiable net assets at the acquisition date excluding, hence, the portion of goodwill attributable to them (partial goodwill method); as an alternative, non-controlling interests may be measured at fair value, which means that goodwill includes the portion attributable to them (full goodwill method) 10 In a business combination achieved in stages, the purchase price is determined by summing the acquisition-date fair value of previously held equity interests in the acquiree and the consideration transferred for obtaining control; the previously held equity interests are re-measured at their acquisition-date fair value and the resulting gain or loss, if any, is recognised in the profit and loss account. Furthermore, on obtaining control, any amount recognised in other comprehensive income related to the previously held equity interests is reclassified to the profit and loss account, or in another item of equity when such amount may not be reclassified to the profit and loss account. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the provisional amounts recognised at the acquisition date shall be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed as of the acquisition date. The acquisition of interests in a joint operation whose activity constitutes a business is accounted for applying the principles on business combinations accounting. Significant accounting estimates and judgements: investments and business combinations The assessment of the existence of control, joint control, significant influence over an investee, as well as for joint operations, the assessment of the existence of enforceable rights and obligations imply that the management makes complex judgements on the basis of the characteristics of the investee’s structure, arrangements between parties and other relevant facts and circumstances. Significant accounting estimates by management are required also for measuring the identifiable assets acquired and the liabilities assumed, in a business combination, at their acquisition-date fair values. For such measurement, to be performed also for the application of the equity method, Eni adopts the valuation techniques generally used by market participants taking into account the available information; for the most significant business combinations, Eni engages external independent evaluators. Intragroup transactions All balances and transactions between consolidated companies, and not yet realised with third parties, including unrealised profits arising from such transactions have been eliminated. Unrealised profits arising from transactions between the Group and its equity-accounted entities are eliminated to the extent of the Group’s interest in the equity-accounted entity. In both cases, unrealised losses are not eliminated unless the transaction provides evidence of an impairment loss of the asset transferred. Foreign currency translation The financial statements of foreign operations having a functional currency other than the euro, that represents the parent’s functional currency, 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). (9) Fair value measurement principles are described below in the accounting policy for “Fair value measurements”. (10) 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. The cumulative resulting exchange differences are presented in the separate component of Eni shareholders’ equity “Cumulative currency translation differences” 11 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. 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 2018 Exchange rate at December 31, 2018 Annual average exchange rate 2017 Exchange rate at December 31, 2017 Annual average exchange rate 2016 Exchange rate at December 31, 2016 U.S. Dollar 1.18 1.15 1.13 1.20 1.11 1.05 Pound Sterling 0.88 0.89 0.88 0.88 0.82 0.86 Norwegian Krone 9.60 9.94 9.33 9.83 9.29 9.09 Australian Dollar 1.58 1.62 1.47 1.53 1.49 1.46 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 capitalised within the line item “Intangible assets” as “exploration rights — unproved” pending determination of whether the exploration and appraisal activities in the reference areas are successful or not. Unproved exploration rights are not amortised, but reviewed to confirm that there is no indication that the carrying amount exceeds the recoverable amount. This review is based on the confirmation of the commitment of the Company to continue the exploration activities and on the analysis of facts and circumstances that 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 recognised in the profit and loss account as write-off. Lower value exploration rights are pooled and amortised on a straight-line basis over the estimated period of exploration. In the event of a discovery of proved reserves (i.e. upon recognition of proved reserves and internal approval for development), the carrying amount of the related unproved exploration rights is reclassified to “proved exploration rights”, within the line item “Intangible assets”. Upon reclassification, as well as whether there is any indication of impairment, the carrying amount of exploration rights to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration rights are amortised according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortisation”). (11) When the foreign subsidiary is partially owned, the cumulative exchange differences, that are attributable to the non-controlling interests, are allocated to and recognised as part of “Non-controlling interest”. Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalised in connection with the assets acquired (such as exploration potential, possible and probable reserves and proved reserves). When the acquisition is related to a set of exploration potential and reserves, the cost is allocated to the different assets acquired based on their expected discounted cash flows. Acquired exploration potential is measured in accordance with the criteria illustrated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortised according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortised until classified as proved reserves; in case of a negative result, it is written-off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognised as an expense as incurred. Costs directly associated with an exploration well are initially recognised within tangible assets in progress, as “exploration and appraisal costs — unproved” (exploration wells in progress) until the drilling of the well is completed and can continue to be capitalised in the following 12-month period pending the evaluation of drilling results (suspended exploration wells). If, at the end of this period, it is ascertained that the result is negative (no hydrocarbon found) or that the discovery is not sufficiently significant to justify the development, the wells are declared dry/unsuccessful and the related costs are written-off. Conversely, these costs continue to be capitalised if and until: (i) the well has found a sufficient quantity of reserves to justify its completion as a producing well, and (ii) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project; on the contrary, the capitalised costs are recognised in the profit and loss account as write-off. Analogous recognition criteria are adopted for the costs related to the appraisal activity. When proved reserves of oil and/or natural gas are determined, the relevant expenditure recognised as unproved is reclassified to proved exploration and appraisal costs, within tangible assets in progress. Upon reclassification, 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 amortisation”). Development expenditure Development expenditure, including the costs related to unsuccessful and damaged development wells, are capitalised as “Tangible asset in progress — proved”. Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil&gas. They are amortised, from the commencement of production, generally on a UOP basis. When development projects are unfeasible/not carried on, the related costs are written-off when it is decided to abandon the project. Development costs are tested for impairment in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. UOP depreciation, depletion and amortisation Proved oil&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 amortised 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 recognised 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 lifted production, against both Cost Oil and Profit Oil, are accounted for on an accrual basis, whilst exploration, development and production costs are accounted for according to the above-mentioned accounting policies. The Company’s share of production volumes and reserves includes the share of hydrocarbons that corresponds to the taxes to be paid, according to the contractual agreement, by the national government on behalf of the Company. As a consequence, the Company has to recognise at the same time an increase in the taxable profit, through the increase of the revenue, and a tax expense. 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 capitalised, consistently with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Significant accounting estimates and judgements: 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 categorised 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 judgement. 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, at least, on an annual basis to confirm the continued intent to develop, or otherwise to extract value from the discovery. Field reserves will be categorised as proved only when all the criteria for attribution of proved status have been met. 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, amortisation and depletion charges and impairment charges. Assuming all other variables are held constant, an increase in estimated proved developed reserves for each field decreases depreciation, amortisation and depletion charge using the UOP method. Conversely, a decrease in estimated proved developed reserves increases depreciation, amortisation 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. Property, plant and equipment Property, plant and equipment, including investment properties, are recognised using the cost model and stated at their purchase price or construction cost including any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. For assets that necessarily take a substantial period of time to get ready for their intended use, the purchase price or construction cost comprises the borrowing costs incurred in the period to get the asset ready for use that would have been avoided if the expenditure had not been made. In the case of a present obligation for dismantling and removal of assets and restoration of sites, the initial carrying amount of an item of property, plant and equipment includes the estimated (discounted) costs to be incurred when the removal event occurs (a corresponding amount is recognised as part of a specific provision). Changes resulting from revisions to the timing or the amount of the original estimate of the provision are accounted for as described in the accounting policy for “Provisions, contingent liabilities and contingent assets”12. Property, plant and equipment are not revalued for financial reporting purposes. Assets held 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 incidental to ownership of the leased asset, are recognised, at the commencement of the lease term, at their 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 financing payable to the lessor is recognised. Expenditures on upgrading, revamping and reconversion are as items of property, plant and equipment when it is probable that they will increase the expected future economic benefits of the asset. Assets acquired for safety or environmental reasons, although not directly increasing the future economic benefits of any particular existing item of property, plant and equipment, qualify for recognition as assets when they are necessary for running the business. Depreciation of tangible assets begins when they are available for use, i.e. when they are in the location and condition necessary for it to be capable of operating as planned. Property, plant and equipment are depreciated on a systematic basis, 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 acquired together with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). Changes in t |
Financial statements
Financial statements | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of General Information About Financial Statements [Abstract] | |
Disclosure of general information about financial statements [text block] | 2 Financial statements 22 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 23 . Assets and liabilities are classified as current when: (i) they are expected to be realised/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 realised/settled within twelve months after the balance sheet date; on the contrary they are classified as non-current. (22) The impacts on the financial statements arising from the adoption, starting from January 1, 2018, of the new IFRSs, as well as the other changes in the financial statements are described in note 3 — Changes in accounting policies (23) Further information about classification of financial instruments is provided in note 27 — Guarantees, commitments and risks — Other information about financial instruments. The statement of comprehensive income (loss) shows net profit integrated with income and e xpenses that are not recognised directly The statement of changes in shareholders’ equity includes the total comprehensive income (loss) 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 (loss) is adjusted for the effects of non-cash transactions. |
Changes in accounting policies
Changes in accounting policies | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Changes In Accounting Policies [Abstract] | |
Disclosure of changes in accounting policies [text block] | 3 Changes in accounting policies IFRS 15 “Revenue from Contracts with Customers”, as well as the document “Clarifications to IFRS 15 Revenue from Contracts with Customers”, which set out the requirements for recognising and measuring revenue arising from contracts with customers (hereinafter IFRS 15) have been adopted starting from January 1, 2018, by recognising, in accordance with the transition requirements of the standard, the cumulative effect of initially applying IFRS 15 as an adjustment to the opening balance of equity as of January 1, 2018, taking into account the contracts existing at that date, without restating the comparative information. In particular, the adoption of IFRS 15 resulted in a decrease in equity of €49 million arising from: (i) a negative change of €103 million (€259 million before taxes) in the Exploration & Production segment, related to 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 recognising revenue on the basis of the quantities actually sold (the so-called sales method) instead of the entitled quantities (the so-called entitlement method); costs are recognised on the basis of the quantities actually sold. Moreover the adoption of sales method resulted in the reclassification of underlifting assets (quantities lifted smaller than the entitled ones) and overlifting liabilities (quantities lifted higher than the entitled ones), represented as receivables and payables under the entitlement method, into the other assets and liabilities; (ii) a positive change of €60 million (€87 million before taxes), related to the capitalisation of the costs of obtaining contracts with customers in the Gas & Power segment, net of their amortisation; (iii) a negative change of €6 million of equity-accounted investments. IFRS 9 “Financial Instruments” (hereinafter IFRS 9) has been adopted starting from January 1, 2018. As allowed by the transition requirements of the standard, considering also the complexity of the restatement at the beginning of the first comparative year without the use of hindsight, the impacts of the new classification and measurement requirements, including impairment, of financial assets, have been recognised as an adjustment to the opening balance of equity as of January 1, 2018, without restating the comparative information; with reference to hedge accounting, the adoption of the new requirements did not have significant impacts. In particular, the adoption of IFRS 9 resulted in an increase in equity of €294 million arising from the fair value measurement of investments in equity instruments previously measured at cost (€681 million), partially offset by the additional impairment losses (€356 million) of trade and other receivables (€427 million before taxes), recognised under the expected credit loss model and by the decrease of the carrying amount of equity-accounted investments (€31 million). As indicated in the accounting policy for “Investments in equity instruments”, Eni elected to designate the investments in equity instruments, held as of January 1, 2018, as assets measured at FVTOCI. Moreover, with reference to the classification and measurement of financial assets, Eni reclassified the portfolio of financial assets previously classified as available for sale into the financial assets measured at FVTPL (€207 million), on the basis of the facts and circumstances existing as of January 1, 2018. The breakdown of the abovementioned quantitative effects and reclassifications 24 as of January 1, 25 , of IFRS 9 and IFRS 15, is as follows: (€ million) Selected line items only December 31, Adoption of Adoption of Reclassifications Total effect of the As restated Current assets 36,433 (427 ) (372 ) (799 ) 35,634 - of which: Financial assets held 6,012 207 207 6,219 - of which: Financial assets 207 (207 ) (207 ) - of which: Other current 316 316 - of which: Trade and other 15,421 (427 ) (372 ) (466 ) (1,265 ) 14,156 - of which: Other current assets 1,573 466 466 2,039 Non-current assets 78,172 721 247 968 79,140 - of which: Intangible assets 2,925 87 87 3,012 - of which: Equity-accounted 3,511 (31 ) (6 ) (37 ) 3,474 - of which: Other investments 219 681 681 900 - of which: Deferred tax assets 4,078 71 166 237 4,315 Current liabilities 24,735 (113 ) (113 ) 24,622 - of which: Trade and other 16,748 (113 ) (1,330 ) (1,443 ) 15,305 - of which: Other current 1,515 1,330 1,330 2,845 Non-current liabilities 42,027 37 37 42,064 - of which: Deferred tax 5,900 37 37 5,937 Shareholders’ equity 48,079 294 (49 ) 245 48,324 With reference to year 2018, the application of the previous revenue recognition requirements does not have a significant impact on the Consolidated Financial Statements. (24) Under IFRS 15, short-term advances from customers have been reclassified from the line item “Trade and other payables” into the line item “Other current liabilities” of the balance sheet in order to present them together with the other current contract liabilities (e.g. customer loyalty programs, deferred income, etc.), already recognised within such line item. (25) The IFRIC Interpretation 22 “Foreign Currency Transactions and Advance Consideration” is also effective starting from January 1, 2018, but it did not have a significant impact on the Consolidated Financial Statements. For each kind of financial assets adjusted/reclassified upon the initial application of IFRS 9, the table below provides for the following information: (i) the original measurement category determined in accordance with IAS 39; (ii) the new measurement category determined in accordance with IFRS 9; (iii) the carrying amounts determined in accordance with IAS 39, recognised as of December 31, 2017, and the carrying amounts determined in accordance with IFRS 9 as of January 1, 2018: Carrying Carrying Classification Classification amount Other amount (€ million) under IAS 39 under IFRS 9 under IAS 39 Adjustments Reclassifications changes (*) under IFRS 9 Financial assets Financial assets held for trading Held for trading FVTPL 6,012 207 6,219 Financial assets available for sale Available-for-sale FVTPL 207 (207 ) Trade and other receivables(**) Financing receivables Amortized cost 15,421 (427 ) (838 ) 14,156 Other investments Cost FVTOCI 219 681 900 Total 21,859 254 (838 ) 21,275 (*) Other changes result from the effects related to a different classification under IFRS 15 of receivables for underlifting which have been reclassified as other assets in application of the sales method (**) Compared to the values presented in the balance sheet at December 31, 2017, the item no longer includes financial receivables, which have been reclassified under the new item “Other current financial assets” The adoption of the new requirements resulted in some updates of the line items presented in the financial statements; in particular: • in the profit and loss account: (i) as a consequence of the adoption of IFRS 9, an additional line item to present separately impairment losses/reversals of trade and other receivables (named “Net (impairment losses) reversals of trade and other receivables”) was presented; these items were previously recognised within the line item “Purchases, services and other”. Consequently, in order to have homogeneous comparative information, these items referred to the comparative years, determined in accordance with the superseded IAS 39, were reclassified into the new line item; and (ii) the line item “Net (impairments) reversals” was renamed as “Net (impairment losses) reversals of tangible and intangible assets”; • in the statement of comprehensive income (loss) an additional line item aimed to present subsequent change of minor investments measured at fair value with effects recognised in OCI, was presented within items that may not be reclassified subsequently to the profit and loss account. Furthermore, the following changes have been made in the balance sheet: • the current financing receivables were reclassified out of the line item “Trade and other receivables” into the new line item “Other current financial assets”, both in the current and comparative year; this new presentation of the balance sheet was aimed, essentially, to present separately the trade and other exposures from the financial ones, being characterised by different originations, risk profiles and evaluation processes; • the breakdown of the items of Eni shareholders’ equity was updated to present separately the related most relevant items. |
IFRSs not yet adopted
IFRSs not yet adopted | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Ifrss Not Yet Adopted [Abstract] | |
Disclosure of expected impact of initial application of new standards or interpretations [text block] | 4 IFRSs not yet adopted 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; in particular, for all leases that have a lease term of more than 12 months, it is required: • in the balance sheet, to recognise a right-of-use asset, that represents a lessee’s right to use an underlying asset (hereinafter also RoU asset), and a lease liability, that represents the lessee’s obligation to make the contractual lease payments; as allowed by the standard, the right-of-use assets and the lease liabilities are presented separately from other assets and other liabilities; • in the profit and loss account, to recognise, within operating costs, the depreciation charges of the right-of-use asset and, within finance expense, the interest expense on the lease liability, if not capitalised, rather than recognising the operating lease payments within the operating expense under IAS 17, effective until year 2018. The depreciation charges of the right-of-use asset and the interest expense on the lease liability directly attributable to the construction of an asset are capitalised as part of the cost of such asset and subsequently recognised in the profit and loss account through depreciation, impairments or write-off, mainly in the case of exploration assets. Moreover the profit and loss account will include: (i) the lease expenses relating to short-term leases or leases of low-value assets, as allowed under the simplified approach provided for by IFRS 16; and (ii) the variable lease payments that are not included in the measurement of the lease liability (e.g., payments based on the use of the underlying asset); • in the statement of cash flows, to recognise cash payments for the principal portion of the lease liability within the net cash used in financing activities and interest expenses within the net cash provided by operating activities, if they are recognised in the profit and loss account, or within the net cash used in investing activities if they are capitalised as referred to leased assets that are used for the construction of other assets. Consequently, compared with the requirements of IAS 17 no longer not capitalised, but will only include the cash payments for the interest portion of the lease liability, that are not capitalised 26 ; (b) an improvement of the net cash used in investing activities, which will no longer include capitalised operating lease payments for property, plant and equipment and intangible assets, but will only include cash payments for the capitalised interest portion of the lease liability and (c) a worsening in the net cash used in financing activities, which will include cash payments for the principal portion of the lease liability. Conversely, a lessor continues to classify its leases as either 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 . In 2018 , the Group completed the analytical activities aimed to identify the areas affected by the adoption of the new requirements, update the processes and systems and assess the expected impacts on the Consolidated Financial Statements. The adoption of the new requirements affects most of the Group companies; in terms of amounts and/or volumes, the main cases are the following: (i) in the Exploration & Production segment, contracts for the lease of drilling rigs and floating production storage and offloading vessels (the so-called FPSOs); (ii) in the Refining & Marketing and Chemical segment, highway concessions, leases of lands, service stations for the sale of oil products, as well as car fleet dedicated to the car sharing business (Enjoy); (iii) in the Gas & Power segment, leases of vessels used for shipping activities and gas distribution facilities, as well as tolling contracts; (iv) for corporate activities, leases of property. In the Exploration & Production segment, the activities are often carried out through unincorporated joint operations, managed by one of the partners (the operator), which has the responsibility to carry out the operations and the approved work programmes. The operator usually enters into a contract (including lease contracts), as the sole signatory, for the activities of the unincorporated joint operation. Accordingly, the operator manages the leases, makes lease payments to the lessor and recharges the costs to the other partners (the so-called followers) proportionally. On this regard, the indications of the IFRS Interpretations Committee hereinafter also the (IFRIC) issued in September 2018 applies. In particular, the IFRIC indicated that, in the case of unincorporated joint operations, the operator recognises the entire lease liability, as, by signing the contract, it has primary responsibility for the liability towards the third-party supplier. Therefore if based on the contractual provisions and any other relevant facts and circumstances, Eni has primary responsibility, it shall recognise in the balance sheet: (i) the entire lease liability and (ii) the entire RoU asset, unless there is a sublease with the followers. On the other hand, if the lease contract is signed by all the partners, Eni shall recognise its share of the RoU asset and in the balance sheet based on its working interest. If Eni does not have primary responsibility for the lease liability, it does not recognise any asset or lease liability related to the lease contract. The followers’ share of the RoU asset, recognised by the operator, will be recovered according to the joint operation’s arrangements by billing the project costs attributable to the followers and collecting the related cash calls. Costs recovered from the followers are recognised as “Other income and revenues” in the profit and loss account and as net cash provided by operating activities in the statement of cash flows. The IFRIC indications have been confirmed at its March 2019 meeting. (26) The net cash provided by operating activities will include also: (i) the short-term lease payments and payments for leases of low-value assets; and (ii) variable lease payments not included in the measurement of the lease liability. The complexity of the contracts, as well as their multiannual duration, has required a complex judgement by management to determine the assumptions to be applied in order to estimate the expected impacts deriving from the adoption of the new requirements. In particular, the main assumptions were the following ones: • for lease contracts related to assets used in the oil-&-gas operations (mainly drilling rigs and FPSOs) set out as operator of the oil-&-gas activities, the recognition of 100 % of the lease liability and the right-of-use asset in line with the indications provided by the IFRIC. When the lease contracts are set out by companies, other than subsidiaries, that act as operators on behalf of the other participating companies (the so-called operating companies), consistently with the provision to recover from the followers the costs related to the oil-&-gas activities, the participating companies recognise their shares of the right-of-use assets and the lease liabilities based on their working interest, considering any available information on the expected use of the underlying assets; • the separation of non-lease components, also on the basis of in-depth analyses performed with external experts, with reference to the main contracts related to the upstream activities (drilling rigs) which provide for single payments relating to both lease and non-lease components; • the assessment of extension or termination options in order to determine the lease term; • the identification of variable lease payments and their characteristics in order to establish whether or not (27) they shall be included in the measurement of the lease liability and the right-of-use asset; • the discount rate used to measure the lease liability that is the lessee’s incremental borrowing rate. This rate have been defined considering the lease term of the lease contracts, the currencies and the characteristics of the lessees’ economic environment, defined on the basis of the country risk premium assigned to each country where Eni operates. On initial application, Eni elects to apply the following practical expedients allowed by the accounting standard: • possibility to adopt the modified retrospective approach, by recognising the cumulative effect of initially applying the new standard as an adjustment to the opening balance at January 1, 2019, without restating the comparative information; • possibility not to reassess each contract existing at January 1, 2019, by applying IFRS 16 to all contracts previously identified as leases (under IAS 17 and IFRIC 4), while not applying IFRS 16 the to contracts that were not previously identified as leases; • for contracts previously classified as operating leases, possibility to measure the right-of-use asset at an amount equal to the lease liability, adjusted, if necessary, by any prepaid amounts already recognised in the balance sheet; • as an alternative to performing an impairment review, possibility to adjust the right-of-use assets, existing at January 1, 2019, by the amount of any provision for onerous lease contracts recognised at December 31, 2018; • upon transition, election not to consider leases for which the lease term ends within 12 months of January 1, 2019 as short-term leases. Based on the available information, the adoption of IFRS 16 results in the recognition of right-of-use assets for € 5.7 billion and lease liabilities for € 5.8 billion; the estimated amount of the lease liabilities includes the payables for lease fees outstanding at January 1, 2019 , previously classified as trade payables. The estimated impacts of the initial adoption of IFRS 16 might be subject to change due to any evolution in the interpretations deriving, among others, from further IFRIC indications, as well as due to the development of the data process upon initial adoption of the standard in the 2019 financial reports. Moreover, the estimated amount of the lease liabilities includes the share of the lease liabilities corresponding to the followers’ working interest for € 2.0 billion, while the Eni working interest for € 3.8 billion. (27) Under IFRS 16, variable lease payments linked to future sales or use of an underlying asset are recognised in the profit and loss account and so they are not included in the measurement of the lease liability/right-of-use asset. Based on of the currently available information, a reconciliation between the amount of future minimum lease payments under non-cancellable operating leases at December 31, 2018 and the opening balance of the lease liability at January 1, 2019 is provided below: (€ billion) Future minimum lease payments under non-cancellable operating leases at December 31, 2018 4.0 - Recognition of the shares of leases related to followers 2.0 - Effect of discounting (1.5 ) - Extension options 1.2 - Other changes 0.1 Lease liability at January 1, 2019 5.8 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 . 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 March 29, 2018 , the IASB issued the document “Amendments to References to the Conceptual Framework in IFRS Standards”, which includes, basically, technical and editorial changes to existing IFRS standards in order to update references in those standards to previous versions of the IFRS Framework with the new Conceptual Framework for Financial Reporting, issued by the IASB on the same date. The amendments to the standards shall be applied for annual reporting periods beginning on or after January 1, 2020 . On October 22, 2018 , the IASB issued the amendments to IFRS 3 “Business Combinations” (hereinafter the amendments to IFRS 3) , which clarify the definition of a business. The amendments to IFRS 3 shall be applied for annual reporting periods beginning on or after January 1, 2020 . On October 31, 2018 , the IASB issued the amendments to IAS 1 and IAS 8 “Definition of Material” (hereinafter the amendments to IAS 1 and IAS 8) , which clarify, and align across all IFRS Standards and other publications, the definition of material to help companies make better materiality judgements. In particular, information is material if omitting, misstating or obscuring it could be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The amendments to IAS 1 and IAS 8 shall be applied for annual reporting periods beginning on or after January 1, 2020 . 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 the IFRSs not yet adopted in order to determine the likely impact on the Consolidated Financial Statements. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Cash And Cash Equivalents [Abstract] | |
Disclosure of cash and cash equivalents [text block] | 5 Cash and cash equivalents Cash and cash equivalents of € 10,836 generally of up to three months at the date of inception amounting to € 8,732 million (€5,591 million at December 31, 2017) and mainly included short-term deposits with financial institutions having notice of more than 48 hours. Cash and cash equivalents consist essentially of bank deposits in euro and U.S. dollars as a way to employ the Group cash on hand with a view of funding the Group’s short-term financing needs. The average maturity of 7,653 million was 29 days 0.29 %; the average 1,074 million was 12 days with an internal rate of return of 2.59 %. |
Financial assets held for tradi
Financial assets held for trading | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financial Assets Held For Trading [Abstract] | |
Disclosure of financial assets held for trading [text block] | 6 Financial assets held for trading (€ million) December 31, 2018 December 31, 2017 Quoted bonds issued by sovereign states 1,083 1,022 Other 5,469 4,990 6,552 6,012 From January 1, 2018, financial assets of €207 million, previously 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 million (€845 million at December 31, 2017). The breakdown by currency is provided below: (€ million) December 31, 2018 December 31, 2017 Euro 4,573 4,232 U.S. dollars 1,614 1,025 Other currencies 365 755 6,552 6,012 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 523 529 Baa3 BBB Other (*) 336 349 from Aaa to Baa3 from AAA to BBB- 859 878 Floating rate bonds Italy 130 129 Baa3 BBB Other (*) 86 76 from Aaa to Baa3 from AAA to BBB- 216 205 Total quoted bonds issued by sovereign states 1,075 1,083 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,628 1,581 from Aa2 to Baa3 from AA to BBB- Quoted bonds issued by financial and insurance companies 1,270 1,269 from Aaa to Baa3 from AAA to BBB- Other 51 48 from A1 to Baa3 from A+ to BBB- 2,949 2,898 Floating rate bonds Quoted bonds issued by financial and insurance companies 1,562 1,453 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by industrial companies 987 976 from Aa2 to Baa2 from AA to BBB Other 158 142 from Aa3 to Baa3 from AA- to BBB- 2,707 2,571 Total other bonds 5,656 5,469 Total other financial assets held for trading 6,731 6,552 (*) Individual amounts included herein are lower than €50 million. The fair value hierarchy is level 1 for million and level 2 for million. During 2018 , there were no transfers between the different hierarchy levels of fair value. |
Trade and other receivables
Trade and other receivables | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Trade And Other Receivables [Abstract] | |
Disclosure of trade and other receivables [text block] | 7 Trade and other receivables As of January 1, 2018, the effects of the application of IFRS 9 and IFRS 15 are the following: (€ million) Trade and other receivables Amount as of 31 December 2017 15,421 Changes in accounting policies (IFRS 9) (427 ) Changes in accounting policies (IFRS 15) (372 ) Reclassification to other current asssets (IFRS 15) (466 ) Amount as of 1 January 2018 14,156 The adoption of IFRS 9 determined an increase in the provision for doubtful accounts of € 427 million in application of the expected loss model. The application of IFRS 15 determined a decrease in other receivables for € 372 million due to the fact that Eni now adopts the sales method versus the entitlement method previously adopted under the previous accounting policy as disclosed in note 3 – Changes in accounting policies. In applying IFRS 15, € 466 More information about the application of IFRS 9 and IFRS 15 is disclosed in note 3 — Changes in accounting policies. The following is the analysis of trade and other receivables: (€ million) December 31, 2018 December 31, 2017 Trade receivables 9,520 10,182 Receivables from divestments 122 597 Receivables from operators in E&P activities 3,024 3,369 Other receivables 1,435 1,273 14,101 15,421 Generally, trade receivables do not bear interest and provide payment terms within 180 days. Trade receivables decreased by million, of which million related to the Gas & Power segment. At December 31, 2018, Eni sold without recourse trade receivables due in 2019 for million (€2,051 million at December 31, 2017 due in 2018). Derecognized receivables related to the Gas & Power segment for million and to the Refining & Marketing and Chemical segment for million. Receivables from divestments 10% and 30% €433 million. €153 1.71% interest in the Kashagan project to the local partner KazMunayGas. Amounts receivable from operators in exploration and production projects included amounts owed by partners in Nigeria for €977 million (€1,507 million at December 31, 2017). This latter comprised an amount of €681 million in large part overdue (€713 million at December 31, 2017) owed by the Nigerian national oil company NNPC in respect of the contractual recovery of the expenditures incurred at certain projects operated by Eni. During the year, the Company recovered €140 million of the overdue amount due to the implementation of the “Repayment Agreement” agreed with the counterparty, whereby Eni is to be reimbursed through the sale of the profit oil attributable to NNPC in certain rig-less petroleum initiatives with low mineral risk. Based on Eni’s Brent price scenario, the reimbursement will be accomplished over a time horizon of three to five years. The overdue receivables are stated net of a discount factor. In addition, a receivable relating to the recovery of a disputed amount of expenditures due to the same counterpart was completely written down (€153 million at December 31, 2017). Receivables from others comprised the recoverable value amounting to € 300 Trade and other receivables stated in euro and US dollars amounted to million and million, respectively. Credit risk exposure and expected losses relating to trade and other receivables has been prepared on the basis of internal ratings as follows: Performing receivables Defaulted Eni gas e luce (€ million) Low risk Medium Risk High Risk receivables customers Total December 31, 2018 Business customers 2,454 3,585 1,152 1,350 8,541 National Oil Companies and public administrations 1,292 157 672 2,217 4,338 Other counterparties 1,494 77 156 271 2,374 4,372 Gross amount 5,240 3,819 1,980 3,838 2,374 17,251 Allowance for doubtful accounts (9 ) (3 ) (44 ) (2,237 ) (857 ) (3,150 ) Net amount 5,231 3,816 1,936 1,601 1,517 14,101 Expected loss (% net of counterpart risk mitigation factors) 0.2 0.1 2.6 62.5 36.1 Eni has classified its business customers and the associated commercial or industrial exposures based on an individual assessment of the credit and the counterparty risks. Business customers other than National Oil Companies (NOC) and public administrations, each of whom has undergone an individual credit evaluation, have assigned a probability of default calculated based on internal ratings which factor in: (i) a full assessment of each customer profitability, financial condition and liquidity and business a financial prospects on an ongoing basis; (ii) history of the contractual relationship (timeliness in invoice payment, number of claims, etc.); (iii) presence of mitigation factors of credit risk (e.g. securitization package, insurance against the credit risk, guarantee from third parties, etc.); (iv) other specialized pieces of information obtained by the Company’s business commercial function or by specialized info-providers; (v) industrial and market trends. Internal ratings and the probability of default are constantly updated by means of back-testing analysis and risk assessment of the current credit portfolio. The loss given default associated with those industrial customers is estimated by the business based on the past experience in credit recoverability; in the case of defaulting customers, loss given default is estimated based on the recovery rates obtained in situations of credit restructurings or litigation procedures. The probability of default associated with NOCs and public administrations is estimated based on the country risk premium incorporated in the risk-adjusted weighted average cost of capital utilized by the Company to perform the impairment review of its fixed assets. The loss given default of these business partners is estimated based on historical averages of delays in collecting overdue receivables, substantially assessing the time value of money. The resulting loss given default is adjusted to factor in any existing mitigation factor. In case of particular market conditions or sovereign defaults, the expected loss associated with NOCs is re-rated based on the empirical evidence and outcomes obtained from restructuring of sovereign debts considering the specificities of trading relationships with energy companies. Customers of Eni gas e luce have been grouped into homogeneous clusters with different credit risk and probability of default which have been estimated based on past experience on credit collection, systematically updated and, in case of particular market conditions, adjusted to take into account expected market and credit trends in any given cluster. The exposure to credit risk and expected losses relating to customers of Eni gas e luce was assessed on the basis of a provision matrix as follows: Ageing ( Not-past due from 0 from 3 from 6 over Total December 31, 2018 Customers – Eni gas e luce: - Retail 575 49 34 64 554 1,276 - Middle 449 43 13 29 349 883 - Other 207 2 1 2 3 215 Gross amount 1,231 94 48 95 906 2,374 Allowance for doubtful accounts (20 ) (18 ) (18 ) (56 ) (745 ) (857 ) Net amount 1,211 76 30 39 161 1,517 Expected loss (%) 1.6 19.1 37.5 58.9 82.2 36.1 Trade and other receivables are stated net of the valuation allowance for doubtful accounts which has been determined considering the counterparty risk mitigation factors amounting to € 3,072 (€ million) Trade and other receivables Carrying amount at December 31, 2017 2,639 Changes in accounting policies (IFRS 9) 427 Carrying amount at January 1, 2018 3,066 Additions on trade and other performing receivables 126 Additions on trade and other defaulted receivables 372 Deductions on trade and other performing receivables (189 ) Deductions on trade and other defaulted receivables (532 ) Other changes 307 Carrying amount at December 31, 2018 3,150 Carrying amount at December 31, 2016 2,303 Additions 927 Deductions (454 ) Other changes (137 ) Carrying amount at December 31, 2017 2,639 Additions to allowance for doubtful accounts on trade and other performing receivables related for € 108 million to the Gas & Power segment, particularly in the retail business. Additions to allowance for doubtful accounts on trade and other defaulted receivables related for € 291 million to the Exploration & Production segment and in connection with receivables for the supply of equity hydrocarbons to State-owned companies and other commercial partners. Utilizations of allowance for doubtful accounts on trade and other performing and defaulted receivables amounted to € 721 million and mainly related to the Gas & Power segment for € 613 million, in particular utilizations against charges of € 579 million mainly in the retail business. The mitigation measures regarding the counterparty risk executed by the Company, including better customer selection, allowed to reduce the incidence of unpaid amounts on retail sales of gas and power to physiological levels. Net (impairment losses) reversals of trade and other receivables are disclosed as follows: (€ million) 2018 Net (impairment losses) reversals of trade and other receivables New or increased provisions (498 ) Credit losses (37 ) Reversal of unutilized provisions 120 (415 ) With reference the receivables for the year 2017 stated according to the valuation criteria in force before the application of IFRS 9 “Financial instruments”, the analysis of the 2017 ageing of trade and other receivables was as follows: December 31, 2017 (€ million) Trade receivables Other receivables Neither impaired nor past due 8,800 4,604 Impaired (net of the valuation for doubtful accounts) 567 31 Not impaired and past due: - within 90 days 478 21 - from 3 to 6 months 46 9 - from 6 to 12 months 147 202 - over 12 months 144 372 815 604 10,182 5,239 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 disclosed in note 36 — Transactions with related parties. |
Non-current and current invento
Non-current and current inventories | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Inventories [Abstract] | |
Disclosure of inventories [text block] | 8 Non-current and current inventories (€ million) December 31, 2018 December 31, 2017 Raw and auxiliary materials and consumables 889 999 Materials and supplies 1,451 1,566 Finished products and goods 2,274 2,000 Certificates and emission rights 37 56 4,651 4,621 Raw and auxiliary materials and consumables include oil-based feedstock, catalysts and other consumables pertaining to refining and chemical activities. Materials and supplies include materials to be consumed in drilling activities and spare parts related to the Exploration & Production segment for € 1,334 million (€ 1,441 million at December 31, 2017 ). Finished products and goods included gas and petroleum products for € 1,543 million (€ 1,287 million at December 31, 2017 ) and chemical products for € 547 million (€ 489 million at December 31, 2017 ). Certificates and emission rights are measured at the fair value. The fair value hierarchy is level 1 . Inventories of € 95 million (€ 86 million at December 31, 2017 ) were pledged to guarantee the estimated imbalance in volumes input to/off-taken from the national gas network operated by Snam Rete Gas SpA. Inventories are stated net of a write down provision of € 578 million (€ 245 million at December 31, 2017 ). Net additions to write down provision for 2018 amounted to € 337 million and primarily related to the alignment of the carrying amount of crude oil and oil products inventories to their net realizable values at the period end, as a consequence of the rapid decline in hydrocarbons prices recorded in the final months of 2018 . Inventories held for compliance purposes of € 1,217 million (€ 1,283 million at December 31, 2017 ) primarily related to Italian subsidiaries for € 1,200 million (€ 1,267 million at December 31, 2017 ) in accordance with minimum stock requirements for oil and petroleum products set forth by applicable laws. |
Current income tax receivables
Current income tax receivables and payables | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Current Tax Assets [Abstract] | |
Disclosure Of Current Tax Assets [text block] | 9 Current income tax receivables and payables December 31, 2018 December 31, 2017 (€ million) Receivables Payables Receivables Payables Income taxes 191 440 191 472 Other taxes and duties 561 1,432 729 1,472 752 1,872 920 1,944 Income taxes are described in note 32 — Income tax expense. Receivables for other taxes and duties included VAT credits for € 383 million (€ 452 December 31, 2017 ) in relation to down payments by Italian subsidiaries made in December. Payables for other taxes and duties consisted of excise and custom duties of € 636 million (€ 824 million at December 31, 2017 ). |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Other Current Tax Assets [Abstract] | |
Disclosure of other current assets [text block] | 10 Other assets (€ million) December 31, 2018 December 31, 2017 Current Non-current Current Non-current Fair value of derivative financial instruments 1,594 68 1,231 80 Other current assets 664 724 342 1,243 2,258 792 1,573 1,323 The fair value related to derivative financial instruments is disclosed in note 23 — Derivative financial instruments and hedge accounting. The increase in other assets of €322 million included the reclassification as of January 1, 2018, from the item Trade and other receivables of the underlifting imbalances related to the Exploration & Production segment for €466 million following the adoption of the sales method in application of IFRS 15. Other assets include: (i) non-current tax assets for € 422 million (€ 507 million at December 31, 2017); (ii) gas volumes prepayments that were made in previous years due to the take-or-pay obligations in relation to the Company’s long-term supply contracts of €26 million (€119 million at 31 December 2017); (iii) non-current receivables from others for €35 million (€44 million at December 31, 2017); (iv) non-current receivables for investing activities for €9 million (€118 million at December 31, 2017). Transactions with related parties are described in note 36 — Transactions with related parties. |
Property, plant and equipment
Property, plant and equipment | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Property Plant And Equipment Explanatory [Abstract] | |
Disclosure of property, plant and equipment [text block] | 11 Property, plant and equipment Other tangible E&P wells, E&P exploration E&P tangible assets in Land and plant and Other plant assets and assets in progress and (€ million) buildings machinery and machinery appraisal progress advances Total 2018 Net carrying 1,313 45,782 3,877 1,371 9,469 1,346 63,158 Additions 18 432 173 330 6,947 878 8,778 Depreciation (65 ) (6,012 ) (529 ) (6,606 ) Reversals 41 299 86 426 Impairments (61 ) (477 ) (73 ) (548 ) (117 ) (1,276 ) Write-off (12 ) (1 ) (66 ) (4 ) (1 ) (84 ) Disposals (2 ) (400 ) (9 ) (32 ) (198 ) 2 (639 ) Currency translation differences 2 1,623 36 53 385 (1 ) 2,098 Decrease through loss of control of subsidiary 1 (4,388 ) 32 (58 ) (474 ) 10 (4,877 ) Transfers 81 6,795 461 (294 ) (6,501 ) (542 ) Other changes (54 ) (786 ) (152 ) (37 ) 119 234 (676 ) Net carrying amount – end of the year 1,274 42,856 3,901 1,267 9,195 1,809 60,302 Gross carrying amount – end of the year 4,060 135,467 27,516 1,267 12,559 2,415 183,284 Provisions for depreciation and impairments 2,786 92,611 23,615 3,364 606 122,982 2017 Net carrying amount – beginning of the year 1,258 47,090 3,789 1,905 15,135 1,616 70,793 Additions 22 42 190 351 7,302 583 8,490 Depreciation (71 ) (6,583 ) (545 ) (7,199 ) Reversals 5 608 273 169 1,055 Impairments (2 ) (491 ) (83 ) (146 ) (126 ) (848 ) Write-off (3 ) (2 ) (232 ) (2 ) (239 ) Disposals (15 ) 3 (6 ) (1,376 ) (54 ) (1,448 ) Currency translation differences (5 ) (5,155 ) (143 ) (193 ) (1,527 ) (2 ) (7,025 ) Transfers 84 9,940 629 (265 ) (9,673 ) (715 ) Other changes 37 331 (225 ) (195 ) (413 ) 44 (421 ) Net carrying amount – end of the year 1,313 45,782 3,877 1,371 9,469 1,346 63,158 Gross carrying amount – end of the year 4,061 137,223 26,746 1,371 12,315 2,061 183,777 Provisions for depreciation and impairments 2,748 91,441 22,869 2,846 715 120,619 Capital expenditures included capitalized finance expenses of €52 million (€72 (1.6% to 2.7% . Capital expenditures primarily related to the Exploration & Production segment for €7,757 million (€7,638 million in 2017) and included the consideration paid for the award of the interests in the already producing Concession Agreements of Umm Shaif and Nasr ( 10 5 25 More information is reported in note 35 — Segment information and information by geographical area. The main depreciation rates used were substantially unchanged from the previous year and ranged as follows: (%) Buildings 2 10 Mineral exploration wells and plants UOP Refining and chemical plants 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 13 — Net reversal (impairment) of tangible and intangible assets. Disposals related to a 10% €418 million. Foreign currency translation differences primarily related to subsidiaries which utilize the U.S. dollar as functional currency (€2,209 million). Property, plant and equipment decreased by €4,800 million due to the exclusion from the consolidation of the assets of the former Eni’s subsidiary Eni Norge AS which was merged with Point Resources AS, fully-owned by HitecVision AS, to establish the equity-accounted joint venture Vår Energi AS, jointly controlled by Eni ( 69.60 Transfers from E&P tangible assets in progress to E&P wells, plant and machinery related for €2,750 million to progress in the development of reserves at large projects, comprising Zohr, Jangkrik, East Hub, Noroos and OCTP projects. Changes in exploration and appraisal activities related to: (i) the successful completion of exploration and appraisal activities at certain suspended exploration wells and their transfer to tangible assets for €297 million; (ii) the write-off of exploration wells for €66 million due to the negative outcome of exploration and appraisal activities, mainly relating to two offshore projects in Morocco and Vietnam. Other changes of included a downward revision of estimates of the decommissioning provision of the Exploration & Production segment (negative €503 million) due to increased discount rates curve, especially for the U.S. dollar. Exploration and appraisal activities related for €1,101 million to costs of suspended exploration wells pending final determination and for €166 million to costs of exploration wells in progress at the end of the year. Changes relating to suspended wells are showed : (€ million) 2018 2017 2016 Costs for exploratory wells suspended – beginning of the period 1,263 1,684 1,737 Increases for which is ongoing the determination of proved reserves 235 451 282 Amounts previously capitalized and expensed in the period (61 ) (217 ) (109 ) Reclassification to successful exploratory wells following the estimation of proved reserves (297 ) (278 ) (276 ) Disposals (6 ) (199 ) Decrease through loss of control of subsidiary (58 ) Reclassification to assets held for sale (24 ) Currency translation differences 49 (178 ) 50 Costs for exploratory wells suspended – end of the period 1,101 1,263 1,684 The following information relates to the stratification of the suspended wells pending final determination (ageing): 2018 2017 2016 (€ million) (number of (€ million) (number of (€ million) (number of Costs capitalized and suspended for exploratory well activity - within 1 year 111 7.02 222 7.95 16 1.05 - between 1 and 3 years 87 2.88 241 3.87 609 10.25 - beyond 3 years 903 24.20 800 21.44 1,059 21.55 1,101 34.10 1,263 33.26 1,684 32.85 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 111 7.02 148 5.88 9 0.55 - fields for which the delineation campaign is in progress 217 4.66 261 4.69 251 3.51 - fields including commercial discoveries that proceeds to sanctioning 773 22.42 854 22.69 1,424 28.79 1,101 34.10 1,263 33.26 1,684 32.85 Unproved mineral interests include the purchase price allocated to unproved reserves following business combinations or acquisition of individual properties. Unproved mineral interests were as follows : (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt United Arab Emirates Total 2018 Book amount at the beginning of the year 1,162 825 192 99 105 7 2,390 Additions 26 56 23 487 592 Net (impairments) reversals (429 ) (76 ) (505 ) Reclassification to proved mineral interest (32 ) (44 ) (32 ) (2 ) (110 ) Other changes and currency translation differences 42 40 5 4 4 1 15 111 Book amount at the end of the year 769 921 77 103 77 29 502 2,478 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 Unproved mineral interest comprised a property denominated Oil Prospecting License 245 (“OPL 245”), located in the offshore of Nigeria, with a net book value of €857 million, which corresponded to the price paid to the Nigerian Government to acquire a 50% 50%. Risks. Additions for the year related to the acquisition of unproved reserves as part of the deals to acquire interests in oil&gas assets in production/development phase in the offshore of Abu Dhabi (United Arab Emirates), the extension of the concession terms in Nigeria and Egypt and contractual revisions in Congo. Accumulated provisions for impairments amounted to €16,471 million (€16,005 million at December 31, 2017). At December 31, 2018, Eni pledged property, plant and equipment for €24 . Government grants recorded as a decrease of property, plant and equipment amounted to €125 million (€110 . Assets acquired under financial lease agreements amounted to €46 . Contractual commitments related to the purchase of property, plant and equipment are disclosed in note 27 — Guarantees, commitments and risks — Liquidity risk . Property, plant and equipment under concession arrangements are described in note 27 — Guarantees, commitments and risks — Assets under concession arrangements . |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Intangible Assets Explanatory [Abstract] | |
Disclosure of intangible assets and goodwill [text block] | 12 Intangible assets (€ million) Exploration Industrial Other Intangible Goodwill Total 2018 Net carrying amount – beginning of the year 995 240 486 1,721 1,204 2,925 Changes in accounting policies (IFRS 9 and 15) 87 87 87 Net carrying amount restated – beginning of the year 995 240 573 1,808 1,204 3,012 Additions 133 28 180 341 341 Amortization (71 ) (87 ) (226 ) (384 ) (384 ) Impairments (16 ) (16 ) (16 ) Write-off (15 ) (1 ) (16 ) (16 ) Currency translation differences 39 39 8 47 Change through loss of control of subsidiary 74 74 46 120 Other changes 40 40 26 66 Net carrying a 1,081 221 584 1,886 1,284 3,170 Gross carrying 1,686 1,534 4,188 7,408 Provisions for amortization and impairment 605 1,313 3,604 5,522 2017 Net carrying a 1,092 259 598 1,949 1,320 3,269 Additions 91 17 83 191 191 Amortization (65 ) (84 ) (137 ) (286 ) (286 ) Reversals 32 32 32 Impairments (14 ) (14 ) (14 ) Write-off (24 ) (24 ) (24 ) Currency translation differences (115 ) (1 ) (2 ) (118 ) (23 ) (141 ) Other changes (2 ) 49 (56 ) (9 ) (93 ) (102 ) Net carrying amount – end of the year 995 240 486 1,721 1,204 2,925 Gross carrying 1,504 1,466 3,778 6,748 Provisions for amortization and impairment 509 1,226 3,292 5,027 Exploration rights comprised the residual book value of license and leasehold property acquisition costs relating to areas with proved reserves, which are amortized based on UOP criteria and are regularly reviewed for impairment. Furthermore, they include the cost of unproved areas which are suspended pending a final determination of the success of the exploratory activity or until management confirms its commitment to the initiative. Additions for the year related to signature bonuses paid for the acquisition of new exploration acreage in United Arab Emirates, United States and Mexico. The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2018 December 31, 2017 Proved licence and leasehold property acquisition costs 357 403 Unproved licence and leasehold property acquisition costs 684 586 Other mineral interests 40 6 1,081 995 Industrial patents and intellectual property rights mainly regarded the acquisition and internal development of software and rights for the use of production processes and software. Other intangible assets comprised: (i) customer acquisition costs relating to the retail gas business for €166 million; (ii) concessions, licenses, trademarks and similar items for €151 million comprised transmission rights for natural gas imported from Algeria of €27 million; (iii) capital expenditures in progress on natural gas pipelines for which Eni has acquired transport rights for €78 million (same amount as of December 31, 2017). 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 Capitalized costs for customer acquisition 25 33 Other intangible assets 4 20 The carrying amount of goodwill at the end of the year amounted €2,422 million, net of cumulative impairments charges. A breakdown of the stated goodwill by operating segment is provided below: (€ million) December 31, 2018 December 31, 2017 Gas & Power 977 932 Exploration & Production 187 179 Refining & Marketing 119 93 Other activities 1 1,284 1,204 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, 2018 December 31, 2017 Domestic gas market 835 835 European gas market 142 97 977 932 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. In assessing the recoverability of the carrying amount of the CGU domestic gas market, including the allocated portion of goodwill, management determined the value in use of the CGU considering the sales margin exclusively of the retail market (excluding 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 5.4 % for Italy. 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 € 1,701 million would be reduced to zero under each of the following alternative hypothesis: (i) a decrease of 63% on average in the projected volumes or commercial margins; (ii) an increase of 12.1 percentage points in the discount rate; and (iii) a final negative nominal growth rate of 26.2%. Goodwill allocated to the CGU European gas market increased by €45 million following the acquisition of the residual 51% interest in Gas Supply Company Thessaloniki-Thessalia SA operating in Greece, previously participated with a 49% of the share capital. The residual amount of €95 million relates to Eni Gas & Power France SA (former Altergaz SA). The impairment review performed at the balance sheet date by using a method similar to the Domestic gas market CGU confirmed the recoverability of the carrying amount of the France gas market CGU including any allocated goodwill by using a post-tax WACC adjusted considering a country risk for France of 6.1%, while the impairment review for the Greek gas market CGU was part of the acquisition evaluation. |
Net reversal (impairment) of ta
Net reversal (impairment) of tangible and intangible assets | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Impairment Of Assets Explanatory [Abstract] | |
Disclosure of impairment of assets [text block] | 13 Net reversal (impairment) of tangible and intangible assets 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. 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 expenditure, 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 economic useful lives 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 segment and Refining & Marketing business line to the Company’s weighted average cost of capital (WACC) net of specific 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. The framework of impairment indicators of exogenous origin remained substantially stable compared to the context relating to the assessments performed in the previous year. In the final part of 2018, after touching a multi-year high at approximately 85 $/BBL, the Brent crude oil price made a sharp downturn driven by a slowdown in macroeconomic growth, oversupplies and uncertainties tied with the trade dispute between USA and China, the Brexit and local geopolitical crises. In spite of the remarkable correction in oil prices which declined by more than 20 $/BBL to close the year at approximately 60 $/BBL, based on the review of market fundamentals in the medium-long term which remain supportive of continued demand growth, as well as willingness on part of producers to maintain oil markets in balance and the market view of financial analysts and industry observers, management retained a long-term Brent price of 70 $/BBL in real terms 2022, substantially in line with the assumption made in the annual report 2017, on which basis management performed the 2018 assets impairment review and elaborated financial projections for the four-year plan 2019-2022. Prices of natural gas in Europe are projected to reach a higher level than in previous planning assumptions driven by an improved balance between gas demand and supplies supported by a continuing decline in continental mature fields production and the phase-out of nuclear and coal power plants. The SERM benchmark refining margin is projected unchanged from the previous plan at approximately 5 $/BBL in the long term, based on expectations of continuing competitive pressures in Europe from cheaper products streams imported from USA and Middle East, the effects of which will be mitigated by enactment of stricter environmental regulations on the sulphur content of marine fuels effective from 2020 . Projections of margins for the main petrochemicals commodities were scaled down due to management’s expectations of continued competitive pressures in European markets from more competitive producers based in USA and Middle East and a slowdown in end markets. However, the projections of margins in the petrochemicals business determined only a modest reduction in the value-in-use of the Company’s petrochemicals CGU because the impairment review is based on a normalized scenario which factors in the cyclicality of the industry. Moreover, although at the balance sheet date the market capitalization of Eni was about 3% lower than the book value of consolidated net assets, this tendency registered a significant trend reversal and, at the date of approval of the Financial Statements by the Board of Directors, the market capitalization exceeded the book value by about 10%. The management tested for impairment the totality of the Group’s fixed assets as provided by the Company’s internal guidelines. The 2018 WACC of Eni, which is the driver for calculating the post-tax WACC of the oil&gas and refining business CGUs to assess their value-in-use, recorded an increase 0.5 percentage point to 7.3% compared to 2017. This increase was driven by the projections of higher risk-free yields that Eni’s methodology links to ten-year Italian government bonds. The WACC used in the Gas & Power segment and the Chemical business, subject to separate valuation compared to the Eni’s assessment, resulted unchanged from 2017. The adjusted WACC rates for 2018 highlighted a certain dispersion of values compared to the mean, reflecting large differences in the country risk premiums which were affected by ongoing developments in each country operating environment. The post-tax WACC rates used for impairment test purposes in 2018 ranged from 6.2% to 16.0% in the Exploration & Production segment. In the Exploration & Production segment the Company recorded impairment losses before taxes for € 1,025 million driven by a lower-than-expected performance at certain oilfields, particularly in Congo and USA, a deteriorated operating environment of a specific project and alignment to fair value of assets divested or held for sale in Croatia and Ecuador. These losses were partially offset by reversals of prior-year impairment losses for € 299 million due to better gas prices in Europe and reduced country risk premiums in certain locations. The post-tax WACC relating to impairment losses/reversals of impairments of more than € 100 million amounted to 6 %, corresponding to pre-tax rates ranging from 6 % to 9 %. In the Refining & Marketing business line the Company recorded impairment losses for € 156 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 a reversals of impairment losses at a gas transportation asset for € 66 million driven by a lower discount rate adjusted for the country risk. In the power business, reversals and impairments relating to each individual plant resulted offset. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Investments [Abstract] | |
Disclosure of investment entities [text block] | 14 Investments Equity-accounted investments 2018 2017 (€ million) Investments in unconsolidated Joint Associates Total Investments in unconsolidated Joint Associates Total Carrying amount – beginning of the year 116 2,332 1,063 3,511 168 2,675 1,197 4,040 Changes in accounting policies (IFRS 9 and 15) (34 ) (3 ) (37 ) Carrying amount restated – beginning of the year 116 2,298 1,060 3,474 168 2,675 1,197 4,040 Additions and subscriptions 28 92 120 63 444 507 Divestments and reimbursements (33 ) (3 ) (115 ) (151 ) (462 ) (462 ) Share of profit of equity-accounted investments 8 16 385 409 9 49 66 124 Share of loss of equity-accounted investments (5 ) (415 ) (10 ) (430 ) (7 ) (340 ) (6 ) (353 ) Deduction for dividends (6 ) (19 ) (25 ) (50 ) (32 ) (41 ) (13 ) (86 ) Changes in the scope of consolidation 3,448 3,448 2 2 Currency translation differences 2 25 54 81 (13 ) (127 ) (128 ) (268 ) Other changes 13 119 11 143 (11 ) 53 (35 ) 7 Carrying amount – end of the year 95 5,497 1,452 7,044 116 2,332 1,063 3,511 Acquisitions and share capital increases mainly related to: (i) the capital contribution to Coral FLNG SA (€ 48 million) which is engaged in the development of a floating production and storage unit of LNG in natural gas-rich Area 4 , offshore Mozambique; (ii) the acquisition for € 42 million of a 33.72 % interest in Commonwealth Fusion System Llc (CFS), a company created as a spin-out of the Massachusetts Institute of Technology for the development of the technology of power generation from fusion. Divestments and reimbursements related to the capital reimbursement of Angola LNG Ltd for € 95 million. The share of Eni’s profit of equity-accounted entities related for €353 million to the equity result of Angola LNG Ltd, driven by a reversal of about €260 million of prior-year impairment losses of the LNG project. The economics of the project improved due to the favorable outcome of an arbitration proceeding which established the settlement of a contract to utilize the re-gasification terminal of Pascagoula owned by Gulf Energy Ltd, where the fees associated with the contract were previously discounted in the future cash flow of the upstream project and of the related downstream activity of gas marketing. The outcome of the arbitration led to the recognition of an equivalent expense through loss. The accounting under the equity method of Saipem SpA resulted in a loss of €146 million due to the recognition by the investee of restructuring costs and impairment losses of assets. As of December 31, 2018, the book value of the investment in Saipem amounting to €1,228 million, which was aligned to the corresponding share of the net assets of the investee, exceeded by approximately 22% the fair value represented by the market capitalization of Saipem share. Considering this impairment indicator and ongoing uncertainties surrounding a recovery in the investing cycle of oil companies and competitive pressure in the E&C sector, management performed an impairment review of the investment to assess its recoverability based on an internal financial model of future cash flows of Saipem estimated based on financial projections made by the sell-side analysts who cover the Saipem share, publicly available data on Saipem and the observed historical correlation which link the Saipem turnover to crude oil prices and spending in capital projects made by oil companies. This review supported the book value of the investment. At date of approval of the financial statements, the book value of the investment exceeded by approximately 23% the fair value represented by the market capitalization. Share of losses of equity-accounted investments included a loss of €219 million accounted at the joint ventures with the Venezuelan state-owned company PDVSA PetroJunín SA (Eni’s interest 40%) and Cardón IV SA (Eni’s interest 50%), which are operating the onshore heavy-oil Junín field and the Perla gas field respectively. The loss was driven by the de-booking of the project’s undeveloped proved reserves (down by 106 million boe) due to a deteriorated operating environment, as required by the U.S. SEC rules. Deduction for dividends related for €24 million to United Gas Derivatives Co. Other increases included for €3,498 million the initial recognition of Eni’s participating interest in the joint venture Vår Energi AS (69.60%), which was established following the business combination between the former Eni subsidiary Eni Norge AS and Point Resources AS. The joint venture will be equity-accounted. The book value of the joint venture equals Eni’s share of the fair values of the combined net assets. Net carrying amount of equity-accounted investments in related to the following: December 31, 2018 December 31, 2017 (€ million) Net carrying % of the Net carrying % of the Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 31 100.00 63 100.00 Other investments (*) 64 53 95 116 Joint ventures Vår Energi AS 3,498 69.60 Saipem SpA 1,228 30.99 1,413 31.00 Unión Fenosa Gas SA 335 50.00 350 50.00 Gas Distribution Company of Thessaloniki – Thessaly SA 137 49.00 137 49.00 Cardón IV SA 98 50.00 Lotte Versalis Elastomers Co Ltd 75 50.00 114 50.00 PetroJunín SA 47 40.00 210 40.00 AET – Raffineriebeteiligungsgesellschaft mbH 32 33.33 32 33.33 Other investments (*) 47 76 5,497 2,332 Associates Angola LNG Ltd 1,106 13.60 802 13.60 Coral FLNG SA 102 25.00 54 25.00 Novamont SpA 67 25.00 71 25.00 United Gas Derivatives Co 62 33.33 82 33.33 Commonwealth Fusion Systems Llc 42 33.72 Other investments (*) 73 54 1,452 1,063 7,044 3,511 (*) Each individual amount included herein was lower than €25 million. Results of equity-accounted investments by segment are disclosed in note 35 — Segment information and information by geographical area. The carrying amounts of equity-accounted investments included differences between the purchase price of acquired interests and their underlying book value of net assets amounting to € 58 million, related to Novamont SpA for € 43 million and Unión Fenosa Gas SA for € 15 million. These surpluses were driven by the long-term profitability outlook of the acquired companies at the time of the acquisition. As of December 31, 2018 , the market value of the investments listed in regulated stock markets was as follows: Saipem SpA Number of shares held 308,767,968 % of the investment 30.99 Share price (€) 3.265 Market value (€ million) 1,008 Book value (€ million) 1,228 Additional information is included in note 37 — Other information about investments. Other investments (€ million) 2018 2017 Carrying amount – beginning of the year 219 276 Changes in accounting policies (IFRS 9) 681 Carrying amount restated – beginning of the year 900 276 Additions and subscriptions 5 3 Change in the fair value 15 Divestments and reimbursements (22 ) (19 ) Currency translation differences 31 (23 ) Other changes (10 ) (18 ) Carrying amount – end of the year 919 219 In applying IFRS 9, minor investments were recognized at fair value resulting in an asset write-up of € 681 million as of January 1, 2018. Those investments in equity instruments were previously accounted for under IAS 39 which permitted entities to measure unquoted investments in equity instruments at cost if their fair value could not be determined reliably. This increase related to: (i) Nigeria LNG Ltd for € 511 million (€ 99 million at December 31, 2017). The investment book value as of December 31, 2018 was €651 million net of the dividends paid in the year; (ii) Saudi European Petrochemical Co ‘IBN ZAHR’ for € 130 million ( € 13 million at December 31, 2017). The investment book value as of December 31, 2018 was € 144 million net of the dividends paid in the year. The fair value of the main non-controlling interests in unquoted undertakings, classified within level 3 of the fair value hierarchy, was estimated based on a methodology that combines expected additional earnings and sum-of-the-parts measurements (so-called residual income approach) and takes into account, inter alia, the following inputs: (i) expected results, as a gauge of the future profitability of the investees, derived from the business plans, but adjusted, where appropriate, to include the assumptions that market participants would incorporate; (ii) the cost of capital, adjusted to include the risk premium of the specific country in which each investee operates. Changes of 1 % of the cost of capital considered in the valuation do not produce significant changes at the fair value evaluation. Dividends paid by those investments are disclosed in note 31 — Income (expense) from investments. |
Other financial assets
Other financial assets | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financial Assets Explanatory [Abstract] | |
Disclosure Of Other Non Current Financial Assets [Text Block] | 15 Other financial assets December 31, 2018 December 31, 2017 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 61 1,189 23 1,602 Short-term financing receivables held for operating purposes 51 84 112 1,189 107 1,602 Financing receivables held for non-operating purposes 188 209 300 1,189 316 1,602 Securities held for operating purposes 64 73 300 1,253 316 1,675 Financing receivables are stated net of allowance for doubtful accounts as follows: (€ million) Allowance for doubtful accounts of financing receivables Carrying amount at December 31, 2017 730 Additions 279 Deductions (596 ) Currency translation differences 17 Carrying amount at December 31, 2018 430 Financing receivables held for operating purposes of € 1,301 million (€ 1,709 December 31, 2017 ) related principally to funds provided to joint ventures and associates in the Exploration & Production segment (€ 1,075 million) 103 million). The greatest exposure is towards the joint venture Cardón IV SA (Eni’s interest 50 %) 705 million at December 31, 2018 (€ 955 December 31, 2017 ). The recoverability of those assets was assessed considering the performance of the industrial initiatives financed in addition to other factors. Financing receivables held for operating purposes due beyond five years amounted to €1,088 million (€1,393 million at December 31, 2017). The fair value of non-current financing receivables held for operating purposes of € 1,188 million has been estimated based on the present value of expected future cash flows discounted at rates ranging from - 0.2 % to 2.9 % 0.2 % and 2.5 % at December 31, 2017 ). This valuation methodology does not apply to assess the recoverability of the financial loan granted to the joint venture Cardón IV SA to fund the development projects carried out by the venture, which can be assimilated to net capital employed. The recoverability of this financing loans depends on the future cash flows of the industrial project, which are exposed to a credit risk given the difficult financial condition of Venezuela. In assessing the recoverability of the loan, management carried out an appreciation of the risk to convert in cash the project’s future revenues by projecting a deferral in the timing of revenues collection and discounting the resulting future cash flows at a rate adjusted for the Country risk that factors in the deteriorated operating environment of the Country. The outcomes of the assessment confirmed the carrying amount of the financial loan. The recoverability of other long-term financial assets was assessed by considering the expected probability default in the next twelve months only, as the creditworthiness suffered no significant deterioration in the reporting period. Additions to the allowance for doubtful accounts related to a loss taken at a financing receivable granted to a joint venture in Russia engaged in the execution of an exploratory project in the Black Sea due to the unsuccessful outcome of the initiative. Financing receivables held for non-operating purposes related to bank deposits with the purpose to invest cash surpluses and restricted deposits in escrow to guarantee transactions on derivative contracts. Financing receivables held for non operating purposes were denominated in euro and U.S. dollar for € 188 million and € 1,299 million, respectively. Securities held for operating purpose related to listed bonds issued by sovereign states (listed bonds issued by sovereign states for € 69 € 4 December 31, 2017 ) . Securities for € 20 December 31, 2017 ) 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 (€ million ) Nominal Fair Nominal Maturity Rating- Rating- Sovereign states Fixed rate bonds Italy 24 24 25 from 0.20 to 4.75 from 2019 to 2025 Baa3 BBB Others (*) 29 29 29 from 0.05 4.40 from 2019 to 2023 from Aa3 to Baa1 from AA to A- Floating rate bonds Italy 8 8 8 from 2019 to 2020 Baa3 BBB Others (*) 3 3 3 2022 Baa3 BBB- Total sovereign states 64 64 65 (*) Amounts included herein are lower than €25 million. Securities having a maturity within five years amounted to 63 million. The fair value of securities was derived from quoted market prices. Receivables with related parties are described in note 36 — Transactions with related parties. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Trade And Other Payables [Abstract] | |
Disclosure of trade and other payables [text block] | 16 Trade and other payables As of January 1, 2018, the effects of the application of IFRS 15 are the followings: (€ million) Trade Down payments Down payments joint venture partners in exploration and production Other payables Trade and Carrying amount at December 31, 2017 10,890 545 252 5,061 16,748 Changes in accounting principles (IFRS 15) (113 ) (113 ) Reclassification to other current liabilities (IFRS 15) (545 ) (785 ) (1,330 ) Carrying amount at January 1, 2018 10,890 252 4,163 15,305 The application of IFRS 15 determined a decrease in the stated amount of payables recognized in connection with lifting imbalances in the Exploration & Production segment for €113 million in applying the sales method in lieu of the entitlement method. The reclassification to other current liabilities (IFRS 15) related to: (i) lifting imbalances of the Exploration & Production segment recognized by using the sales method for €785 million; (ii) down payments and advances from customers reclassified as liabilities from contracts with customers. More information about the application of IFRS 9 and IFRS 15 is reported in note 3 — Changes in accounting policies. The break-down of trade and other payables is the following: (€ million) December 31, 2018 December 31, 2017 Trade payables 11,645 10,890 Down payments and advances from customers 545 Down payments and advances from partners in exploration & production activities 207 252 Payables for purchase of non-current assets 2,530 2,094 Payables due to partners in exploration & production activities 1,151 1,968 Other payables 1,214 999 16,747 16,748 Trade payables were denominated in euro for €6,484 million and in U.S. dollar for €9,403 million. Because of the short-term maturity and conditions of remuneration of trade payables, the fair values approximated the carrying amounts. Payables due to related parties are described in note 36 — Transactions with related parties. |
Other liabilities
Other liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Other Liabilities Explanatory [Abstract] | |
Disclosure of other current liabilities [text block] | 17 Other liabilities December 31, 2018 December 31, 2017 (€ million) Current Non-current Current Non-current Fair value of derivatives financial instruments 1,445 40 1,011 91 Liabilities from contracts with customers 1,108 518 Cautionary deposits 268 255 Other liabilities 1,427 676 504 1,133 3,980 1,502 1,515 1,479 In applying IFRS 15: (i) liabilities from contracts with customers included the reclassification as of January 1, 2018, from the item Trade and other liabilities of down payments and advances from customers of €545 million; (ii) other current liabilities included the reclassification as of January 1, 2018, from the item Trade and other receivables of the lifting imbalances in the Exploration & Production segment for €785 million following the adoption of the sales method. Fair value related to derivative financial instruments is disclosed in note 23 — Derivative financial instruments and hedge accounting. Liabilities from contracts with customer of €1,626 66 million; the non-current portion amounted to €518 million. Cautionary deposits related to deposits from retail customers for the supply of gas and electricity of €233 million (€215 million at December 31 2017). Other current liabilities included overlifting imbalances of the Exploration & Production segment for €1,004 million. Other non-current liabilities included tax liabilities for €61 million (€45 million at December 31, 2017) and other debts for €155 million (€45 million at December 31 2017). Transactions with related parties are described in note 36 — Transactions with related parties. |
Financial liabilities
Financial liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of financial liabilities [abstract] | |
Disclosure of financial liabilities [text block] | 18 Financial liabilities December 31, 2018 December 31, 2017 (€ million) Short-term debt Current portion of long-term debt Long-term debt Total Short-term debt Current portion of long-term debt Long-term debt Total Banks 383 768 2,710 3,861 201 801 3,200 4,202 Ordinary bonds 2,781 16,923 19,704 1,445 16,520 17,965 Convertible bonds 390 390 387 387 Commercial papers 915 915 1,664 1,664 Other financial institutions 884 52 59 995 377 40 72 489 2,182 3,601 20,082 25,865 2,242 2,286 20,179 24,707 Financial liabilities included an increase €1,158 million driven by: (i) new issuances net of repayments made of 320 million; (ii) currency translation differences relating to companies having debt denominated in currency other than the functional currency for € 314 million (iii) the de-recognition of Eni Norge AS cash and cash equivalents for € 494 million due to the loss of control on the former subsidiary, which were deposited at the Group’s financial companies. Commercial papers were issued by the Group’s financial subsidiaries. The following table reflects long-term debt and current portion of long-term debt as of December 31, 2018 by maturity: Long-term debt (€ million) 2020 2021 2022 2023 After Total Banks 556 345 393 829 587 2,710 Ordinary bonds 2,391 921 698 1,858 11,055 16,923 Convertible bonds 390 390 Other financial institutions 9 10 9 11 20 59 2,956 1,276 1,490 2,698 11,662 20,082 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, 2018, debts subjected to restrictive covenants amounted to €1,337 million (€1,664 million at December 31, 2017). Eni was in compliance with those covenants. Ordinary bonds consisted of bonds issued within the Euro Medium Term Notes Program for a total of € 16,904 million and other bonds for a total of € 2,800 million. The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2018: Discount Maturity Rate % (€ million) Amount accrued Total Currency from to from to Issuing entity Euro Medium Term Notes Eni SpA 1,500 17 1,517 EUR 2019 4.125 Eni SpA 1,200 16 1,216 EUR 2025 3.750 Eni SpA 1,000 38 1,038 EUR 2020 4.250 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 9 1,009 EUR 2023 3.250 Eni SpA 1,000 8 1,008 EUR 2026 1.500 Eni SpA 900 (5 ) 895 EUR 2024 0.625 Eni SpA 800 2 802 EUR 2021 2.625 Eni SpA 800 (1 ) 799 EUR 2028 1.625 Eni SpA 750 14 764 EUR 2019 3.750 Eni SpA 750 8 758 EUR 2024 1.750 Eni SpA 750 5 755 EUR 2027 1.500 Eni SpA 700 1 701 EUR 2022 0.750 Eni SpA 650 2 652 EUR 2025 1.000 Eni SpA 600 (5 ) 595 EUR 2028 1.125 Eni Finance International SA 335 15 350 GBP 2019 2021 4.750 5.000 Eni Finance International SA 295 4 299 EUR 2028 2043 3.875 5.441 Eni Finance International SA 167 167 YEN 2019 2037 1.955 2.810 Eni Finance International SA 1,528 5 1,533 USD 2026 2027 variable 16,725 179 16,904 Other bonds Eni SpA 873 2 875 USD 2023 4.000 Eni SpA 873 1 874 USD 2028 4.750 Eni SpA 393 4 397 USD 2020 4.150 Eni SpA 305 1 306 USD 2040 5.700 Eni USA Inc 349 (1 ) 348 USD 2027 7.300 2,793 7 2,800 19,518 186 19,704 As of December 31, 2018, ordinary bonds maturing within 18 months amounted to € 4,596 million. During 2018, new bonds issued amounted to € 2,844 million. The following table provides a breakdown of convertible bonds issued by Eni SpA as of December 31, 2018: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Eni SpA 400 (10) 390 EUR 2022 0.000 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. Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which € 16.7 billion were drawn as of December 31, 2018. The following table provides a breakdown by currency of long-term debt, its current portion and the related weighted average interest rates: December 31, 2018 December 31, 2017 Short term debt (€ million) Average rate (%) Long term debt and current portion of long term debt (€ million) Average rate (%) Short term debt (€ million) Average rate (%) Long term debt and current portion of long term debt (€ million) Average rate (%) Euro 680 1.9 18,635 2.3 904 0.5 20,094 2.4 U.S. dollar 1,007 2.5 4,530 4.3 1,329 1.8 1,694 4.8 Other currencies 495 1.0 518 4.2 9 (0.7 ) 677 4.7 2,182 23,683 2,242 22,465 As of December 31, 2018, Eni retained undrawn uncommitted borrowing facilities amounting to €12,484 million (€11,584 million at December 31, 2017) and undrawn long-term committed borrowing facilities of €5,214 million (€5,802 at December 31, 2017). Those facilities bore interest rates reflecting prevailing conditions on the marketplace. Fair value of long-term debt, including the current portion of long-term debt is described below: (€ million) December 31, 2018 December 31, 2017 Ordinary bonds 20,257 19,219 Convertible bonds 399 410 Banks 3,445 4,021 Other financial institutions 111 114 24,212 23,764 Fair value of financial debt was calculated by discounting the expected future cash flows at discount rates ranging from - 0.2 2.9 % (- 0.2 % at December 31, 2017). Because of the short-term maturity and conditions of remuneration of short-term debts, the fair value approximated the carrying amount. Changes in borrowings are provided below: (€ million) Long-term debt and current portion of long-term debt Short-term debt Total Carrying amount at December 31, 2017 22,465 2,242 24,707 Cash flows 1,033 (713 ) 320 Currency translation differences 126 188 314 Changes in the scope of consolidation 494 494 Other non-monetary changes 59 (29 ) 30 Carrying amount at December 31, 2018 23,683 2,182 25,865 Transactions with related parties are described in note 36 — Transactions with related parties |
Information on net borrowings
Information on net borrowings | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Information on net borrowings [Abstract] | |
Disclosure of borrowings [text block] | 19 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 less: cash and cash equivalents, held-for-trading securities and certain highly-liquid investments not related to operations including, among others, non-operating financing receivables. Held-for-trading securities are part of a strategic reserve of liquidity that management has established by reinvesting proceeds from the Group disposal plans and is intended to provide a certain degree of financial flexibility in case of a prolonged price downturn, tight financial markets or in view of other Company’s purposes. Non-operating financing receivables consist mainly of deposits with banks and other financing institutions and deposits in escrow. These assets are generally intended to absorb temporary surpluses of cash as part of the Company’s ordinary management of financing activities. Management believes that net borrowings is a useful measure of Eni’s financial condition as it provides insight about the soundness of Eni’s capital structure and the ways by which Eni’s operating assets are financed. December 31, 2018 December 31, 2017 (€ million) Current Non-current Total Current Non-current Total A. Cash and cash equivalents 10,836 10,836 7,363 7,363 B. Held-for-trading financial assets 6,552 6,552 6,012 6,012 C. Available-for-sale financial assets 207 207 D. Liquidity (A+B+C) 17,388 17,388 13,582 13,582 E. Financing receivables 188 188 209 209 F. Short-term debt towards banks 383 383 201 201 G. Long-term debt towards banks 768 2,710 3,478 801 3,200 4,001 H. Bonds 2,781 17,313 20,094 1,445 16,907 18,352 I. Short-term debt towards related parties 661 661 164 164 L. Other short-term liabilities 1,138 1,138 1,877 1,877 M. Other long-term liabilities 52 59 111 40 72 112 N. Total borrowings (F+G+H+I+L+M) 5,783 20,082 25,865 4,528 20,179 24,707 O. Net borrowings (N-D-E) (11,793 ) 20,082 8,289 (9,263 ) 20,179 10,916 Financial assets held for trading are disclosed in note 6 — Financial assets held for trading. Current financing receivables are disclosed in note 15 — Other financial assets. |
Provisions for contingencies
Provisions for contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Other provisions [member] | |
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |
Disclosure of other provisions [text block] | 20 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 losses on investments Provision for OIL insurance cover Provision for redundancy incentives Provision for disposal and restructuring Provision for onerous contracts Other(*) Total Carrying amount at December 31, 2017 8,126 2,653 1,107 527 205 182 76 140 65 60 306 13,447 New or increased provisions 299 148 73 493 48 51 9 19 223 1,363 Initial recognition and changes in estimates (502 ) (502 ) Accretion discount 259 (12 ) 2 249 Reversal of utilized provisions (190 ) (287 ) (214 ) (118 ) (481 ) (17 ) (14 ) (22 ) (100 ) (1,443 ) Reversal of unutilized provisions (33 ) (289 ) (31 ) (1 ) (17 ) (18 ) (389 ) Changes in the scope of consolidation (1,024 ) (11 ) (1 ) (8 ) (5 ) (2 ) (1,051 ) Currency translation differences 153 34 17 2 4 210 Other changes (45 ) (14 ) 37 (20 ) 110 (27 ) 3 (2 ) (4 ) (36 ) 2 Carrying amount at December 31, 2018 6,777 2,595 824 440 327 204 130 108 66 38 377 11,886 (*) 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 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 €6,266 million. Estimate revisions of €502 million were driven by an increase in the discount rate curve in particular for the U.S. dollar. Such increase was partially offset by the recognition of new decommissioning obligations due to the activity of the year and upward revisions of cost estimates. The unwinding of discount recognized through profit and loss for €259 million was determined based on discount rates ranging from -0.2% to 6.1% (from -0.01% to 5.98% at December 31, 2017). Main expenditures associated with decommissioning operations are expected to be incurred over a 45-year period. Provisions for environmental risks included the estimated costs for environmental clean-up and remediation of soil and groundwater in areas owned or under concession where the Group performed in the past industrial operations that were progressively divested, shut down, dismantled or restructured. The provision was accrued because at the balance sheet date there is a legal or constructive obligation for Eni to carry out environmental clean-up and remediation and the expected costs can be estimated reliably. The provision included the expected charges associated with strict liability related to obligations of cleaning up and remediating polluted areas that met the parameters set by the law at the time when the pollution occurred, or because Eni assumed the liability borne by other operators when the Company acquired or otherwise took over site operations. Those environmental provisions are recognized when an environmental project is approved by or filed with the relevant administrative authorities or a constructive obligation has arisen whereby the Company commits itself to performing certain cleaning-up and restoration projects and a reliable cost estimation is available. At December 31, 2018, environmental provision primarily related to Syndial SpA for €2,009 million and to the Refining & Marketing business line for €348 million. The litigation provision 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 €653 million. Utilizations of €503 million mainly related to the definition of a price revision relating to a gas sale contract with a long-term buyer, the effect of which was compensated by the reduction of the receivable due by the gas supplier recognized in other non-current assets. Provisions for taxes included the estimated charges that the Company expects to incur to settle uncertain tax matters and tax claims from authorities in connection the application of current tax rules at certain Italian and non-Italian subsidiaries in the Exploration & Production segment (€397 million). Loss adjustments and actuarial provisions of Eni’s insurance company Eni Insurance DAC represented the estimated liabilities accrued on the basis for third parties claims. Against such liability was recorded receivables of €236 million recognized towards insurance companies for reinsurance contracts. Provisions for losses on investments included provisions relating to investments whose loss exceeds the equity and primarily related to Industria Siciliana Acido Fosforico — ISAF — SpA (in liquidation) for €114 million. Provisions for the OIL mutual insurance scheme included the estimated future increase of insurance premiums which will be charged to Eni in the next five years and that accrued at the reporting date because of the effective accident rate occurred in past reporting periods. Provisions for redundancy incentives were recognized due to a restructuring program involving the Italian personnel related to past reporting periods. |
Provisions for employee benefit
Provisions for employee benefits | 12 Months Ended |
Dec. 31, 2018 | |
Provisions for Employee Benefits [Abstract] | |
Disclosure of employee benefits [text block] | 21 Provisions for employee benefits (€ million) December 31, 2018 December 31, 2017 Italian defined benefit plans 275 284 Foreign defined benefit plans 385 409 FISDE, foreign medical plans and other 148 135 Defined benefit plans 808 828 Other benefit plans 309 194 Provision for employee benefits 1,117 1,022 The liability relating to Eni’s commitment to cover the healthcare costs of personnel is determined on the basis of the contributions paid by the Company. Other employee benefit plans related to deferred monetary incentive plans for €136 million, the isopensione Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: December 31, 2018 December 31, 2017 FISDE, FISDE foreign foreign Italian Foreign medical Italian Foreign medical defined defined plans Defined Other defined defined plans Defined Other benefit benefit and benefit benefit benefit benefit and benefit benefit (€ million) plans plans other plans plans Total plans plans other plans plans Total Present value of benefit liabilities at beginning of year 284 997 135 1,416 194 1,610 298 895 136 1,329 158 1,487 Current cost 27 2 29 42 71 24 2 26 54 80 Interest cost 4 31 2 37 1 38 3 29 2 34 1 35 Remeasurements: 1 (25 ) 13 (11 ) 30 19 (6 ) 54 (1 ) 47 3 50 - actuarial (gains) losses due to changes in demographic assumptions (14 ) (14 ) (14 ) - actuarial (gains) losses due to changes in financial assumptions (31 ) 1 (30 ) 29 (1 ) (5 ) 71 66 3 69 - experience (gains) losses 1 6 12 19 1 20 (1 ) (3 ) (1 ) (5 ) (5 ) Past service cost and (gains) losses settlements 2 1 3 115 118 (1 ) 2 1 28 29 Plan contributions: 1 1 1 - employee contributions 1 1 1 1 1 1 Benefits paid (15 ) (35 ) (9 ) (59 ) (74 ) (133 ) (10 ) (37 ) (6 ) (53 ) (36 ) (89 ) Reclassification to asset held for sale (8 ) (8 ) (8 ) (12 ) (12 ) (2 ) (14 ) Changes in the scope of consolidation (90 ) (90 ) (2 ) (92 ) (1 ) (15 ) (1 ) (17 ) (3 ) (20 ) Currency translation differences and other changes 1 26 4 31 3 34 59 1 60 (9 ) 51 Present value of benefit liabilities at end of year (a) 275 925 148 1,348 309 1,657 284 997 135 1,416 194 1,610 Plan assets at beginning of year 588 588 588 619 619 619 Interest income 17 17 17 20 20 20 Return on plan assets (21 ) (21 ) (21 ) 12 12 12 Plan contributions: 25 25 25 24 24 24 - employee contributions 1 1 1 1 1 1 - employer contributions 24 24 24 23 23 23 Benefits paid (26 ) (26 ) (26 ) (25 ) (25 ) (25 ) Changes in the scope of consolidation (64 ) (64 ) (64 ) (15 ) (15 ) (15 ) Currency translation differences and other changes 26 26 26 (47 ) (47 ) (47 ) Plan assets at end of year (b) 545 545 545 588 588 588 Asset ceiling at beginning of year Change in asset ceiling 5 5 5 Asset ceiling at end of year (c) 5 5 5 Net liability recognized at end of year (a-b+c) 275 385 148 808 309 1,117 284 409 135 828 194 1,022 Employee benefit plans included the liability attributable to partners operating in exploration and production activities of €181 million €177 million at December 31, 2017). Eni recorded a receivable for an amount equivalent to such liability. Costs charged to the profit and loss account consisted of the following: (€ million) Italian Foreign FISDE, Defined Other Total 2018 Current cost 27 2 29 42 71 Past service cost and (gains) losses on settlements 2 1 3 115 118 Interest cost (income), net: - interest cost on liabilities 4 31 2 37 1 38 - interest income on plan assets (17 ) (17 ) (17 ) Total interest cost (income), net 4 14 2 20 1 21 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 4 14 2 20 20 Remeasurements for long-term plans 30 30 Total 4 43 5 52 188 240 - of which recognized in “Payroll and related cost” 29 3 32 188 220 - of which recognized in “Financial income (expense)” 4 14 2 20 20 2017 Current cost 24 2 26 54 80 Past service cost and (gains) losses on settlements (1 ) 2 1 28 29 Interest cost (income), net: - interest cost on liabilities 3 29 2 34 1 35 - interest income on plan assets (20 ) (20 ) (20 ) Total interest cost (income), net 3 9 2 14 1 15 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 3 9 2 14 14 Remeasurements for long-term plans 3 3 Total 3 32 6 41 86 127 - of which recognized in “Payroll and related cost” 23 4 27 86 113 - of which recognized in “Financial income (expense)” 3 9 2 14 14 Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2018 2017 (€ million) Italian Foreign plans FISDE, Total Italian Foreign FISDE, Total Remeasurements Actuarial (gains)/losses due to changes in demographic assumptions (14 ) (14 ) Actuarial (gains)/losses due to changes in financial assumptions (31 ) 1 (30 ) (5 ) 71 66 Experience (gains) losses 1 6 12 19 (1 ) (3 ) (1 ) (5 ) Return on plan assets 21 21 (12 ) (12 ) Change in asset ceiling 5 5 1 1 13 15 (6 ) 42 (1 ) 35 Plan assets consisted of the following: (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by company Other Total December 31, 2018 Plan assets with a quoted market price 115 37 238 6 2 56 18 70 542 Plan assets without a quoted market price 3 3 115 37 238 6 2 56 21 70 545 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 The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 2019 consisted of the following Italian defined Foreign defined FISDE, foreign Other 2018 Discount rate (%) 1.5 0.8-18.0 1.5 0.2-1.5 Rate of compensation increase (%) 2.5 1.5-16.5 Rate of price inflation (%) 1.5 0.8-16.0 1.5 1.5 Life expectations on retirement at age 65 (years) 13-25 24 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 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 Rest Africa Other Foreign 2018 Discount rate (%) 1.5-1.9 0.8-2.9 3.7-18.0 8.0-13.3 0.8-18.0 Rate of compensation increase (%) 1.5-3.0 2.5-3.8 5.0-16.5 10.0-13.3 1.5-16.5 Rate of price inflation (%) 1.5-2.0 0.8-3.3 3.7-16.0 3.5-5.0 0.8-16.0 Life expectations on retirement at age 65 (years) 21-22 23-25 13-17 13-25 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) 21-24 22-24 13-17 13-24 The effects of a possible change in the main actuarial assumptions at the end of the year are listed below: Discount rate Rate Rate of Healthcare Rate of (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2018 Italian defined benefit plans (12 ) 13 8 Foreign defined benefit plans (58 ) 65 23 15 18 FISDE, foreign medical plans and (7 ) 8 6 Other benefit plans (5 ) 3 1 December 31, 2017 Italian defined benefit plans (13 ) 14 9 Foreign defined benefit plans (72 ) 79 24 20 13 FISDE, foreign medical plans and (7 ) 7 7 Other benefit plans (3 ) 1 1 The sensitivity analysis was performed based on the results for each plan through assessments calculated considering modified parameters. The amount of contributions expected to be paid for employee benefit plans in the next year amounted to €129 million, of which €48 million related to defined benefit plans. The following is an analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration: (€ million) Italian defined benefit plans Foreign defined benefit FISDE, foreign medical plans Other benefit December 31 , 2018 2019 15 54 9 81 2020 16 56 7 72 2021 18 63 6 67 2022 14 64 6 20 2023 11 74 6 17 2024 and thereafter 201 74 114 57 Weighted average duration (years) 10.1 17.4 12.8 2.6 December 31, 2017 2018 16 47 7 64 2019 17 65 7 58 2020 18 70 6 45 2021 17 79 6 7 2022 14 84 6 5 2023 and thereafter 202 64 103 25 Weighted average duration (years) 10.1 17.5 12.8 2.8 |
Deferred tax assets and liabili
Deferred tax assets and liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Deferred Tax [Abstract] | |
Disclosure of deferred taxes [text block] | 22 Deferred tax assets and liabilities (€ million) December 31, 2018 December 31, 2017 Deferred tax liabilities, gross 7,956 10,169 Deferred tax assets available for offset (3,684) (4,269 ) Deferred tax liabilities 4,272 5,900 Deferred tax assets, gross (net of accumulated write-down provisions) 7,615 8,347 Deferred tax liabilities available for offset (3,684) (4,269 ) Deferred tax assets 3,931 4,078 The most significant temporary differences giving rise to net deferred tax liabilities are disclosed below: (€ million) Carrying amount at December 31, 2018 Carrying amount at December 31, 2017 Deferred tax liabilities Accelerated tax depreciation 6,612 8,323 Difference between the fair value and the carrying amount of assets acquired 849 1,106 Site restoration and abandonment (tangible assets) 85 305 Application of the weighted average cost method in evaluation of inventories 44 70 Other 366 365 7,956 10,169 Deferred tax assets, gross Carry-forward tax losses (5,528 ) (5,240 ) Site restoration and abandonment (provisions for contingencies) (1,986 ) (2,747 ) Timing differences on depreciation and amortization (2,104 ) (2,164 ) Accruals for impairment losses and provisions for contingencies (1,460 ) (1,404 ) Impairment losses (792 ) (801 ) Over/Under lifting (604 ) (395 ) Employee benefits (212 ) (194 ) Unrealized intercompany profits (124 ) (130 ) Other (546 ) (534 ) (13,356 ) (13,609 ) Accumulated write-downs of deferred tax assets 5,741 5,262 Deferred tax assets, net (7,615 ) (8,347 ) The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax Deferred tax Accumulated deferred tax assets Deferred tax 2018 Carrying amount – beginning of the year 10,169 (13,609 ) 5,262 (8,347 ) Changes in accounting principles (IFRS 15) 37 (237 ) (237 ) Carrying amount restated – beginning of the year 10,206 (13,846 ) 5,262 (8,584 ) Additions 1,147 (1,478 ) 253 (1,225 ) Deductions (802 ) 1,523 (43 ) 1,480 Currency translation differences 283 (278 ) 71 (207 ) Decrease through loss of control of subsidiary (2,778 ) 813 813 Other changes (100 ) (90 ) 198 108 Carrying amount at the end of the year 7,956 (13,356 ) 5,741 (7,615 ) 2017 Carrying amount at the beginning of the year 10,953 (13,698 ) 5,622 (8,076 ) Additions 1,171 (2,341 ) 212 (2,129 ) Deductions (835 ) 1,588 (349 ) 1,239 Currency translation differences (1,123 ) 862 (202 ) 660 Other changes 3 (20 ) (21 ) (41 ) Carrying amount at the end of the year 10,169 (13,609 ) 5,262 (8,347 ) Carry-forward tax losses amounted to €19,108 million out of which €13,753 million can be used indefinitely. Carry-forward tax losses regarded Italian companies for €10,786 million and foreign companies for €8,322 million. Deferred tax assets recognized on these losses amounted to €2,615 million and €2,913 million, respectively. Italian taxation law allows the carry-forward of tax losses indefinitely. Foreign taxation laws generally allow the carry-forward of tax losses over a period longer than five years, and in many cases, indefinitely. 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 35 %. Accumulated write-down provisions of deferred tax assets related to Italian companies for €4,133 million and foreign companies for €1,608 million. |
Derivative financial instrument
Derivative financial instruments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Derivative Financial Instruments [Abstract] | |
Disclosure Of Detailed Information Of Derivative Financial Instruments [Text Block] | 23 Derivative financial instruments December 31, 2018 December 31, 2017 (€ million) Fair value Fair value Level of Fair Fair value Fair value Level of Fair Non-hedging derivatives Derivatives on exchange rate - Currency swap 99 46 2 170 86 2 - Interest currency swap 14 71 2 41 45 2 - Outright 3 5 2 3 5 2 116 122 214 136 Derivatives on interest rate - Interest rate swap 18 6 2 9 5 2 18 6 9 5 Derivatives on commodities - Future 1,060 1,107 1 796 771 1 - Over the counter 306 284 2 81 97 2 - Other 1 5 2 1 2 2 1,367 1,396 878 870 1,501 1,524 1,101 1,011 Trading derivatives Derivatives on commodities - Over the counter 992 1,031 2 683 829 2 - Future 367 263 1 395 390 1 - Options 80 71 2 133 114 2 1,439 1,365 1,211 1,333 Cash flow hedge derivatives Derivatives on commodities - Over the counter 311 196 2 227 21 2 - Future 26 15 1 35 1 337 211 262 21 Option embedded in convertible bonds 21 21 2 16 16 2 Gross amount 3,298 3,121 2,590 2,381 Offsetting (1,636 ) (1,636 ) (1,279 ) (1,279 ) Net amount 1,662 1,485 1,311 1,102 Of which: - current 1,594 1,445 1,231 1,011 - non-current 68 40 80 91 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. Fair values of trading derivatives consisted of derivatives entered for trading purposes and proprietary trading. Fair value of cash flow hedge derivatives related to commodity 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 25 — Shareholders’ equity and in note 29 — Operating expenses. Information on hedged risks and hedging policies is disclosed in note 27 — Guarantees, commitments and risks — Risk factors. Options embedded in convertible bonds of € 21 million related to equity-linked cash settled. More information is disclosed in note 18 — Financial liabilities. The offsetting of financial derivatives related to the Gas & Power segment. During the 2018 , there were no transfers between the different hierarchy levels of fair value. Hedging derivative instruments are disclosed below: December 31, 2018 (€ million) Nominal Change in fair Change in fair Cash flow hedge derivatives Derivatives on commodity - Over the counter 3,528 404 2 - Future 71 (6 ) (2 ) 3,599 398 In 2018 , the exposure to the exchange rate risk deriving from securities denominated in U.S. dollars included in the strategic liquidity portfolio amounting to € 1,154 35 m illion resulting on a portion of bonds denominated in U.S. dollars amounting to € 1,140 The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2018 (€ million) Change of the underlying hedging ineffectiveness CFH reserve Reclassification Cash flow hedge Commodity price risk - Forecast sales (389 ) (13 ) 642 (389 ) (13 ) 642 Eni’s results of operations are affected by fluctuations in the price of commodities. 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 that are not settled through physical delivery of the underlying asset but are designated as hedging instruments in a cash flow hedge relation. The existence of a relationship between hedged item and hedging instrument aimed to compensate its changes in value and the relating hedging capability not affected by the level of credit risk of the counterparty are verified for qualifying the operation as hedge. The definition of the relationship between the quantity of the hedged item and the quantity of the hedging instrument (the so-called hedge ratio) is defined consistently with the entity’s risk management objectives, under a defined risk management strategy. The hedging relationship is discontinued when it ceases to meet the qualifying criteria and the risk management objectives on the basis of which it was qualified as for hedge accounting. More information is reported in note 27 — Guarantees, Commitments and Risks — Risk factors. Effects recognized in other operating profit (loss) Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2018 2017 2016 Net income (loss) on cash flow hedging derivatives 12 (1 ) Net income (loss) on other derivatives 129 (44 ) 17 129 (32 ) 16 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 do not meet the formal criteria to be treated in accordance with hedge accounting under IFRS as they related to net exposure to commodity risk and derivatives for trading purposes and proprietary trading amounting to a net income of € 129 million (net loss of € 44 million in 2017 and net income of € 36 million in 2016) ; 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 in 2016 . Effects recognized in finance income (loss) Finance income (loss) on derivative financial instruments consisted of the following: (€ million) 2018 2017 2016 Derivatives on exchange rate (329 ) 809 (494 ) Derivatives on interest rate 22 28 (12 ) Options 24 (307 ) 837 (482 ) Net income from derivatives was recognized in connection with fair value valuation of certain derivatives which do not meet the formal criteria to be treated in accordance with hedge accounting under IFRS as they are 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. Finance income (expense) with related parties is disclosed in note 36 — Transactions with related parties. |
Assets held for sale and liabil
Assets held for sale and liabilities directly associated with assets held for sale | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Discontinued Operations Explanatory [Abstract] | |
Assets held for sale liabilities directly associated and discontinued operations [text block] | 24 Assets held for sale and liabilities directly associated with assets held for sale As of December 31, 2018 , assets held for sale and the related directly associated liabilities of € 295 million and € 59 million, respectively, related to: (i) Agip Oil Ecuador BV, holder of the service contract for the Villano oil field, for which a binding transfer agreement was signed. The carrying amounts of assets held for sale and directly associated liabilities amounted to € 274 million (of which current assets for € 81 million) and € 59 million, respectively (of which current liabilities for € 33 million); (ii) the sale of tangible assets and minority interests for a total carrying amount of € 21 million. In the course of 2018 , Eni finalized the sale of: (i) the 98.99 % (entire stake owned) of Tigáz Zrt and Tigáz DSO (100 % Tigáz Zrt) to the group MET Holding AG, including Eni’s gas distribution operations in Hungary; (ii) the business relating to a 26.25 % stake of Lasmo Sanga Sanga Ltd (entire stake owned) of the PSA in the Sanga Sanga gas and condensates field and; (iii) the sale of a 50 % (entire stake owned) interest in the joint venture Unimar Llc. |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Dec. 31, 2018 | |
Shareholders' equity [Member] | |
Disclosure of share capital, reserves and other equity interest [text block] | 25 Shareholders’ equity As of January 1, 2018 , the effects of the application of IFRS 9 and IFRS 15 are the following: (€ million) Share Retained Other Net profit Total Carrying amount at December 31, 2017 4,005 35,966 4,685 3,374 48,030 Changes in accounting principles (IFRS 9) 294 294 Changes in accounting principles (IFRS 15) (49 ) (49 ) Carrying amount at January 1, 2018 4,005 36,211 4,685 3,374 48,275 More information about the application of IFRS 9 and IFRS 15 is disclosed in note 3 — Changes in accounting policies. (€ million) December 31, 2018 December 31, 2017 Share capital 4,005 4,005 Retained earnings 36,702 35,966 Cumulative currency translation differences 6,605 4,818 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 (9) 183 Reserve related to the defined benefit plans net of tax effect (130 ) (114 ) Other comprehensive income on equity-accounted investments 66 90 Other comprehensive income on other investments 15 Other reserves 190 190 Treasury shares (581 ) (581 ) Interim dividend (1,513 ) (1,441 ) Net profit (loss) for the year 4,126 3,374 51,016 48,030 Share capital As of December 31, 2018, the parent company’s issued share capital consisted of €4,005,358,876 represented by 3,634,185,330 On May 10, 2018, Eni’s Shareholders’ Meeting resolved the distribution of a dividend of €0.40 €0.40 0.40 €0.80. Legal reserve This reserve represents earnings restricted from the payment of dividends pursuant to Article 2430 of the Italian Civil Code. The legal reserve has reached the maximum amount required by the Italian Law. Reserve for treasury shares The reserve for treasury shares represents the reserve that was established in previous reporting period to repurchase the Company shares in accordance with resolutions at Eni’s Shareholders’ Meetings. Other Comprehensive Income reserves Cash flow hedge derivatives Defined benefit plans (€ million) Gross Deferred liabilities Net reserve Gross reserve Deferred tax Net Other income on equity- accounted investments Investments Reserve as of December 31, 2017 240 (57 ) 183 (133 ) 19 (114 ) 90 Changes of the year 399 (116 ) 283 (15 ) (2 ) (17 ) (24 ) 15 Foreign currency translation differences 1 (1 ) Change in scope of consolidation 4 (3 ) 1 Reversal to inventories adjustments (10 ) 3 (7 ) Reclassification adjustments (642 ) 174 (468 ) Reserve as of December 31, 2018 (13 ) 4 (9 ) (143 ) 13 ( 130 ) 66 15 Reserve as of December 31, 2016 246 (57 ) 189 (99 ) (13 ) (112 ) 21 Changes of the year (59 ) 14 (45 ) (33 ) 29 (4 ) 69 Foreign currency translation differences (1 ) 3 2 Reclassification adjustments 53 (14 ) 39 Reserve as of December 31, 2017 240 (57 ) 183 (133 ) 19 ( 114 ) 90 Reserve related to investments valued at fair value does not include the effects of first application of IFRS 9 of € 681 Other reserves Other reserves related to: (i) a reserve of € 127 million representing the increase in Eni shareholders’ equity associated with a business combination under common control, whereby the parent company Eni SpA divested its subsidiaries; (ii) a reserve of € 63 million deriving from Eni SpA’s equity. 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 Interim dividend The interim dividend for the year 2018 amounted to € 1,513 million corresponding to € 0.42 13 , 2018 , in accordance with Article 2433 -bis, paragraph 5 of the Italian Civil Code; the dividend was paid on September 26 , 2018 . Distributable reserves As of December 31 , 2018 , Eni shareholders’ equity included distributable reserves of approximately € 46 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) 2018 2017 December 31, December 31, As recorded in Eni SpA’s Financial Statements 3,173 3,586 42,615 42,529 Excess of net equity stated in the separate accounts of (134) (466) 7,183 6,110 Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity (1) 153 145 - adjustments to comply with Group account policies 862 202 2,000 719 - elimination of unrealized intercompany profits 177 (88) (519) (807) - deferred taxation 59 144 (359) (617) 4,137 3,377 51,073 48,079 Non-controlling interest (11) (3) (57) (49) As recorded in Consolidated Financial Statements 4,126 3,374 51,016 48,030 |
Other information
Other information | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Notes And Other Explanatory Information Explanatory [Abstract] | |
Disclosure of cash flow statement [text block] | 26 Other information Supplemental cash flow information (€ million) 2018 2017 2016 Investment in consolidated subsidiaries and businesses Current assets 44 Non-current assets 198 Net borrowings 11 Current and non-current liabilities (47) Net effect of investments 206 Fair value of investments held before the acquisition of control (50) Gain on a bargain purchase (8) Purchase price 148 less: Cash and cash equivalents (29) Investment in consolidated subsidiaries and businesses net of cash and cash equivalent acquired 119 Disposal of consolidated subsidiaries and businesses Current assets 328 166 6,526 Non-current assets 5,079 814 8,615 Net borrowings 785 (252) (5,415) Current and non-current liabilities (3,470) (205) (6,334) Net effect of disposals 2,722 523 3,392 Reclassification of foreign currency translation differences among other 113 7 Fair value of share capital held after the sale of control (3,498) (1,006) Fair value valuation for business combination 889 Gain (loss) on disposal 13 2,148 11 Non-controlling interest (1,872) Selling price 239 2,671 532 less: Cash and cash equivalents (286) (9) (894) Disposal of consolidated subsidiaries and businesses net of cash and cash (47) 2,662 (362) Investments in 2018 concerned: (i) the acquisition of the business by Versalis Spa of the “bio” activities of Mossi & Ghisolfi Group, related to development, industrialization, licensing of bio-chemical technologies and processes based on use of renewable sources for €75 million; (ii) the acquisition of the remaining 51% stake in Gas Supply Company Thessaloniki — Thessalia SA which distributes and sells gas in Greece for €24 million, net of cash acquired of €28 million; (iii) the acquisition of the company Mestni Plinovodi distribucija plina doo, which distributes and sells gas in Slovenia for €15 million, net of cash acquired for €1 million. The gain from bargain purchase, recognized in Other income and revenues, was due to the obtainable synergies from the greater ability to recover the investments made by the acquired company due to the combination of customer portfolios. Disposals in 2018 concerned: (i) the loss of control of Eni Norge AS resulting from the business combination with Point Resources AS, with the establishment of the equity-accounted joint venture Vår Energi AS (Eni interest 69.60%), that will develop the project portfolio of the combined entities. The operation entailed the exclusion from the consolidation area of €2,486 million of net assets, of which cash and cash equivalents for €258 million, the recognition of the investment in Vår Energi AS for €3,498 million and a fair value gain of €889 million, net of negative exchange rate differences of €123 million; (ii) the sale of 98.99% (entire stake owned) of Tigáz Zrt and Tigáz Dso (100% Tigáz Zrt) operating in the gas distribution business in Hungary to the MET Holding AG group for €145 million net of cash divested of € 13 million; (iii) the sale by Lasmo Sanga Sanga of the business relating to a 26.25% stake (entire stake owned) in the PSA of the Sanga Sanga gas and condensates field for €33 million; (iv) the sale of 100% of Eni Croatia BV, which owns shares of gas projects in Croatia to INA-Industrija Nafte dd for €20 million, net of cash divested of €15 million; (v) the sale of 100% of Eni Trinidad and Tobago Ltd, which holds a share of a gas project in Trinidad & Tobago for €10 million. |
Guarantees, commitments and ris
Guarantees, commitments and risks | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Contingent Liabilities Explanatory [Abstract] | |
Disclosure Of Guarantees Commitments And Risks [Text Block] | 27 Guarantees, commitments and risks Guarantees (€ million) December 31, 2018 December 31, 2017 Consolidated subsidiaries 5,082 5,595 Unconsolidated subsidiaries 196 181 Joint ventures and associates 4,056 10,046 Others 163 352 9,497 16,174 The parent company of the Eni Group issued guarantees to cover the contractual obligations held by third parties 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. The value of the contract is € 4,586 25 35.71 3.37 interest 25 20 25 1,147 25 4,082 1,397 25 121 155 1,309 100 Guarantees issued on behalf of consolidated subsidiaries primarily consisted of: (i) guarantees given to third parties relating to bid bonds and performance bonds for million (€2,312 million at December 31, 2017); (ii) a bank guarantee of € 1,010 5,000 million (€5,564 million at December 31, 2017). Guarantees issued on behalf of joint ventures and associates primarily consisted of: (i) an unsecured guarantee of € 499 million 6,122 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); 5,623 (ii) unsecured guarantees and other guarantees given to banks in relation to loans and lines of credit received for million (€ 1,623 million at December 31 , 2017) , of which 1,397 million ( 1,334 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 1,644 million (€ 2,122 at December 31 , 2017) , of which 1,147 million ( 1,094 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 279 million given on behalf of Saipem Group (€ 1,008 million at December 31 , 2017) ; (iv) 13.60 %) as security against payment commitments of fees in connection with the regasification activity for 177 million (€ 169 million at December 31 , 2017) . At December 31 , 2018 , the underlying commitment covered by such guarantees was 2,159 million (€ 2,594 million at December 31 , 2017) . Commitments and risks (€ million) December 31, 2018 December 31, 2017 Commitments 54,611 14,498 Risks 673 691 55,284 15,189 Commitments 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 52,397 million (€11,289 million at December 31, 2017). The increase of € 41,108 5 10 40 13,094 25 40 21,824 6,831 (ii) commitments assumed by Eni USA Gas Marketing Llc towards Angola LNG Supply Service Llc for the purchase of volumes of regasified gas at the Pascagoula plant (United States) over a twenty-year period (until 2031). The expected commitments were estimated at €2,079 million (€2,113 million at December 31, 2017) and included in off-balance sheet contractual commitments in the table “Future payments under contractual obligations” in the paragraph Liquidity risk Risks concerned potential risks associated with contractual assurances given to acquirers of certain investments and businesses of Eni for million (€235 million at December 31, 2017) and the value of assets of third parties under the custody of Eni for million (€456 million at December 31, 2017). Non-quantifiable commitments A parent company guarantee was issued on behalf of Cardón IV SA (Eni’s interest 50%), 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 13 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. 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, 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. 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. The setting up and maintenance of the liquidity reserve is mainly aimed to guarantee a proper 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 must be dimensioned to provide a coverage of short-term debts and a coverage of medium and long-term financial debts due within a time horizon of 24 months. In order to manage the investment activity of the strategic liquidity, Eni defined a specific investment policy with aims and constraints in terms of financial activities and operational boundaries, as well as Governance guidelines regulating management and control systems. In particular, strategic liquidity management is regulated in terms of VaR (measured based on a parametrical methodology with a one-day holding period and a 99% confidence level), stop loss and other operating limits in terms of concentration, issuing entity, business segment, country of emission, duration, ratings and type of investing instruments in portfolio, aimed to minimize market and liquidity risks. Financial leverage or short selling is not allowed. Activities in terms of strategic liquidity management started in the second half of the year 2013 (portfolio Euro) and throughout the course of the years 2017 (portfolio USD). In 2018, the investment portfolio Euro has maintained an average credit rating of A-/BBB+, the investment portfolio USD has maintained an average credit rating of A+/A, both in line with the year 2017. The following table shows amounts in terms of VaR, recorded in 2018 (compared with 2017) relating to interest rate and exchange rate risks in the first section and commodity risk. Regarding the management of strategic liquidity, the sensitivity to changes of interest rate is expressed by values of “Dollar value per Basis Point” (DVBP). (Value at risk parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2018 2017 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 3.65 1.80 2.73 2.99 3.76 1.72 2.38 2.58 Exchange rate (a) 0.57 0.09 0.28 0.25 0.57 0.08 0.22 0.26 (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%) 2018 2017 (€ million) High Low Average At year end High Low Average At year end Commercial exposures (a) 18.60 6.79 11.04 7.50 21.14 5.15 12.24 5.15 Trading (b) 2.28 0.26 0.73 0.27 2.29 0.21 0.79 0.66 (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). (Sensitivity — Dollar value of 1 basis point — DVBP) 2018 2017 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity(a) 0.35 0.25 0.29 0.25 0.41 0.27 0.35 0.27 (a) Management of strategic liquidity portfolio starting from July 2013 . (Sensitivity — Dollar value of 1 basis point — DVBP) 2018 2017 ($ million) High Low Average At year end High Low Average At year end Strategic liquidity(b) 0.04 0.01 0.02 0.02 0.04 0.02 0.03 0.03 (b) Management of strategic liquidity portfolio in $currency starting from August 2017 . Credit risk Credit risk is the potential exposure of the Group to losses in case counterparties fail to perform or pay amounts due. Eni defined credit risk management policies consistent with the nature and characteristics of the counterparties of commercial and financial transactions and with regard to the latter, among of the others, of the centralized finance model adopted. The Company adopted a model to quantify and control the credit risk based on the evaluation of the expected loss for which the probability of default and the capacity to recover credits in default is estimated through the so-called Loss Given Default. In the credit risk management and control model, credit exposures are distinguished by commercial nature, substantially in relation to the structured contracts on commodities related to Eni’s core business, and by financial nature, substantially in relation to the financial instruments used by Eni, such as deposits, derivatives and securities. Credit risk for commercial exposures Credit risk arising from commercial counterparties is managed by the business units and by the specialized corporate finance and administration departments, and is operated on the basis of formal procedures for the assessment and assignment of commercial counterparties, the monitoring of credit exposures, credit recovery activities and disputes. At corporate level, the general guidelines and methods for quantifying and controlling customer risk, in particular for commercial counterparties, are assessed through an internal rating model that combines different default factors deriving from economic variables, financial indicators, payment experiences and information from primary info providers. The probability of default related to State Entities or their closely related counterparties (eg National Oil Company), essentially represented by the probability of late payments, is determined by using the country risk premiums adopted for the purposes of the determination of the WACCs for the impairment of non-financial assets. Furthermore, for retail positions without specific ratings, the risk is determined by distinguishing customers in homogeneous risk clusters based on historical series of data relating to payments made, periodically updated. Credit risk for financial exposures With regard to credit risk arising from financial counterparties deriving from current and strategic use of liquidity, derivative contracts and transactions with underlying financial assets valued at fair value, Eni has established internal policies providing exposure control and concentration through maximum credit risk limits corresponding to different classes of financial counterparties as defined by the Company’s Board of Directors taking into account the credit ratings provided by primary credit rating agencies on the marketplace. Credit risk arising from financial counterparties is managed by the Group operating finance department, including Eni’s subsidiary Eni Trading & Shipping which specifically engages in commodity derivatives transactions and by Group companies and Divisions, only in the case of physical transactions with financial counterparties consistently with the Group centralized finance model. Eligible financial counterparties are closely monitored by each counterpart and by group of belonging to check exposures against the limits assigned on a daily basis and the expected loss analysis and the concentration periodically. Liquidity risk Liquidity risk is the risk that suitable sources of funding for the Group may not be available, or the Group is unable to sell its assets on the marketplace in order to meet short-term finance requirements and to settle obligations. Such a situation would negatively affect Group results, as it would result in the Company incurring higher borrowing expenses to meet its obligations or under the worst of conditions the inability of the Company to continue as a going concern. Eni’s risk management targets include the maintaining of an adequate level of liquidity readily available to deal with external shocks (drastic changes in the scenario, restrictions on access to capital markets, etc.) or to ensure an adequate level of operational flexibility for the development programs of the Company. The strategic liquidity reserve is employed in short-term marketable financial instruments, favouring investments with very low risk profile. At present, the Group believes to have access to sufficient funding to meet the current foreseeable borrowing requirements as a consequence of the availability of financial assets and lines of credit and the access to a wide range of funding at competitive costs through the credit system and capital markets. Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which about billion were drawn as of December 31, 2018. The Group has credit ratings of A- outlook stable and A- 2 , respectively for long and short-term debt, assigned by Standard & Poor’s and Baa 1 outlook stable and P- 2 , respectively for long and short-term debt, assigned by Moody’s. Eni’s credit rating is linked in addition to the Company’s industrial fundamentals and trends in the trading environment to the sovereign credit rating of Italy. Based on the methodologies used by Standard & Poor’s and Moody’s, a downgrade of Italy’s credit rating may trigger a potential knock-on effect on the credit rating of Italian issuers such as Eni. During 2018 , Moody’s reduced the rating of Eni by one notch (from A 3 to Baa 1) following the reduction in the rating assigned to Italy (from Baa 2 to Baa 3 , outlook stable). In the course of the 2018, Eni issued bonds amounting to €2.8 billion, of which €1.1 billion were issued under the Euro Medium Term Notes program and €1.7 billion through a dual-tranche issue on the U.S. market and on international markets. As of December 31, 2018 , Eni maintained short-term unused borrowing facilities of € 12,484 million. Long-term committed unused borrowing facilities amounted to € 5,214 million due beyond 12 months. These facilities bore interest rates and fees for unused facilities that reflected prevailing market conditions. Finance debt repayments including expected payments for interest charges and derivatives The table below summarizes the Group main contractual obligations for finance liability repayments, including expected payments for interest charges and derivatives. Maturity year (€ million) 2019 2020 2021 2022 2023 2024 and Total December 31, 2018 Non-current financial liabilities (including the current portion) 3,301 2,958 1,541 1,253 2,714 11,723 23,490 Current financial liabilities 2,182 2,182 Fair value of derivative instruments 1,445 13 1 21 5 1,485 6,928 2,971 1,542 1,274 2,714 11,728 27,157 Interest on finance debt 655 545 436 330 320 1,677 3,963 Financial guarantees 668 668 Maturity year (€ million) 2018 2019 2020 2021 2022 2023 and Total December 31, 2017 Non-current financial liabilities (including the current portion) 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 Trade and other payables The table below summarizes the Group trade and other payables by maturity. Maturity year (€ million) 2019 2020 – 2023 2024 and Total December 31, 2018 Trade payables 11,645 11,645 Other payables and advances 5,102 59 96 5,257 16,747 59 96 16,902 Maturity year (€ million) 2018 2019 – 2022 2023 and 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 Expected payments by period under contractual obligations In addition to trade and financial liabilities represented in the balance sheet, the company is subject to non-cancellable contractual obligations or obligations, the cancellation of which requires the payment of a penalty. These obligations will require cash settlements in future reporting periods. These liabilities are valued based on the net cost for the company to fulfill the contract, which consists of the lowest amount between the costs for the fulfillment of the contractual obligation and the contractual compensation/penalty in the event of the non-performance. The Company’s main contractual obligations at the balance sheet date comprise: (i) take-or-pay clauses contained in the Company’s gas supply contracts or shipping arrangements, whereby the Company obligations consist of off-taking minimum quantities of product or service or, in case of failure, paying the corresponding cash amount that entitles the Company the right to collect the product or the service in future years. Future obligations in connection with these contracts were calculated by applying the forecasted prices of energy or services included in the four-year business plan approved by the Company’s Board of Directors; (ii) operating leases for tangible assets, of which primarily for FPSO units of the E&P segment, in particular FPSOs operating in the offshore projects at Cape Three Points in Ghana and at the 15/06 block in Angola, with a duration of between 11 and 14 years. The table below summarizes the Group principal contractual obligations as of |
Revenues
Revenues | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Revenue Explanatory [Abstract] | |
Disclosure of revenue [text block] | 28 Revenues Net sales from operations (€ million) Exploration Gas & Power Refining & Corporate and Total 2018 Revenues from customers 9,943 43,109 22,594 176 75,822 Products sales and service revenues Sales of crude oil 3,982 18,471 22,453 Sales of oil products 1,133 4,053 17,213 22,399 Sales of natural gas and LNG 4,554 15,088 19,642 Sales of chemical products 762 4,777 35 5,574 Sales of other products 27 2,363 20 11 2,421 Services 247 2,372 584 130 3,333 Total 9,943 43,109 22,594 176 75,822 Transfer of goods and/or services Goods/Services transferred in a specific moment 9,676 42,979 22,535 106 75,296 Goods/Services transferred over a period of time 267 130 59 70 526 (€ million) 2018 Revenues associated with liabilities from customer contracts at the beginning of the period 342 Revenues associated with performance obligations totally or partially satisfied in previous years 11 Net sales from operations by industry segment and geographical area of destination are disclosed in note — Net sales from operations with related parties are disclosed in note 36 — Transactions with related parties. Other income and revenues (€ million) 2018 2017 2016 Gains from sale of assets and businesses 454 3,288 14 Other proceeds 662 770 917 1,116 4,058 931 Gains from the sale of assets and businesses related to the divestment of a 10% €428 25% s (€1,985 million) Other income and revenues with related parties are disclosed in note 36 — Transactions with related parties. |
Costs
Costs | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Operating Expenses [Abstract] | |
Disclosure of expenses [text block] | 29 Costs Purchase, services and other (€ million) 2018 2017 2016 Production costs - raw, ancillary and consumable materials 41,125 35,907 27,783 Production costs - services 10,625 12,228 12,727 Operating leases and other 1,820 1,684 1,672 Net provisions for contingencies 1,120 886 505 Expenses for price variation on overliftling and underlifting operations 145 240 Other expenses 1,130 931 666 55,820 51,781 43,593 less: - capitalized direct costs associated with self-constructed assets - tangible assets (192 ) (224 ) (297 ) - capitalized direct costs associated with self-constructed assets - intangible assets (6 ) (9 ) (18 ) 55,622 51,548 43,278 Purchase, services and other charges include costs of geological and geophysical studies for € 287 million (€ 273 million and € 204 million in 2017 and 2016 , respectively) and operating leases for € 872 million (€ 1,022 million and € 566 million in 2017 and 2016 , respectively). Costs incurred in connection with research and development activities expensed through profit and loss, as they did not meet the requirements to be recognized as long-lived assets, amounted to €197 million (€185 million and €161 million in 2017 and 2016, respectively). Royalties on the extraction of hydrocarbons amounted to €1,043 million (€674 million and €572 million in 2017 and 2016, respectively). Future minimum lease payments expected to be paid under non-cancelable operating leases are provided below: (€ million) 2018 2017 2016 To be paid: - within 1 year 776 883 593 - between 2 and 5 years 1,653 1,710 1,040 - beyond 5 years 1,524 1,939 785 3,953 4,532 2,418 Operating leases primarily comprised long-term rentals of FPSO vessels, offshore drilling rigs, time charter and land, service stations and office buildings. Such leases may 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. Additions to provisions for contingencies net of reversal of unused provisions related to net addition for litigations amounting to €101 million (net provisions of €375 million and €55 million in 2017 and 2016, respectively) and net additions for environmental liabilities amounting to €266 million (net provisions of €200 million and €198 million in 2017 and 2016, respectively). More information is provided in note 20 — Provisions for contingencies. Net provisions for contingencies by segment are disclosed in note 35 — Segment information and information by geographical area. Payroll and related costs (€ million) 2018 2017 2016 Wages and salaries 2,409 2,447 2,491 Social security contributions 448 441 445 Cost related to employee benefit plans 220 113 81 Other costs 170 162 202 3,247 3,163 3,219 less: - capitalized direct costs associated with self-constructed assets - tangible assets (142 ) (202 ) (215 ) - capitalized direct costs associated with self-constructed assets - intangible assets (12 ) (10 ) (10 ) 3,093 2,951 2,994 Other costs comprised provisions for redundancy incentives of € 37 million (€ 18 million and € 47 million in 2017 and 2016 , respectively) and costs for defined contribution plans of € 95 million (€ 90 million and € 83 million in 2017 and 2016 , respectively). Cost related to employee benefit plans are described in note 21 — Provisions for employee benefits. Costs with related parties are disclosed in note 36 — Transactions with related parties. Average number of employees The Group average number and breakdown of employees by category is reported below: 2018 2017 2016 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 999 17 995 17 1,018 18 Junior managers 9,095 84 9,089 98 9,160 109 Employees 16,220 361 16,721 371 17,180 384 Workers 5,259 283 5,659 285 5,703 294 31,573 745 32,464 771 33,061 805 The average number of employees was calculated as the average between the number of employees at the beginning and the end of the period. The average number of senior managers included managers employed in foreign countries, whose position is comparable to a senior manager’s status. Long-term monetary incentive plan for the managers of Eni On April 13, 2017 , the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 2017 – 2019 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 interest 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 service 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 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”) 28 and the TSR of their corresponding stock exchange market 29 ; (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 after three years may range between 0 % and 180 % of the initial award. Furthermore , 50% At the grant date, the number of shares awarded was 1,517,975 and 1,719,061 respectively in 2018 and in 2017 ; the weighted average fair value of the shares at the same date was € 11.73 and € 7.99 per share. The determination 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 (€ 14.246 per share in 2018 ; € 13.81 per share in 2017) , reduced by dividends expected along the vesting period (5.8 % of the share price at vesting date), the volatility of the stock (20 % for attribution 2018 ; 25 % for attribution 2017) , the forecasts for the performance parameters, as well as the lower value attributable to the shares considering the lock-up period at the end of the vesting period. In 2018 , the costs related to the long-term monetary incentive plan 2017 – 2019 , recognized as a component of the payroll cost, amounted to € 5.1 million (€ 0.4 million in 2017) with a contra-entry to equity reserves. Compensation of key management personnel Compensation (including contributions and ancillary costs) 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 service during the year consisted of the following: (€ million) 2018 2017 2016 Wages and salaries 27 25 26 Post-employment benefits 2 2 2 Other long-term benefits 10 9 12 Indemnities upon termination of employment 7 4 39 43 44 Compensation of Directors and Statutory Auditors Compensation of Directors amounted to €9.6 million, €14.5 million and €7.1 million for 2018, 2017 and 2016, respectively. Compensation of Statutory Auditors amounted to €0.604 million, €0.760 million and €0.738 million in 2018, 2017 and 2016, respectively. 28 The group consists of the following oil companies: Anadarko, Apache, BP, Chevron, ConocoPhillips, ExxonMobil, Marathon Oil, Royal Dutch Shell, Statoil and Total. 29 The performance condition connected with the TSR in accordance with the international accounting standards represents a so-called market condition. Compensation included emoluments and social security benefits due for the office as Director or Statutory Auditor held at the parent company Eni SpA or other Group subsidiaries, which was recognized as a cost to the Group, even if not subject to personal income tax. |
Finance income (expense)
Finance income (expense) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Finance Income Expense Explanatory [Abstract] | |
Disclosure of finance income (cost) [text block] | 30 Finance income (expense) (€ million) 2018 2017 2016 Finance income (expense) Finance income 3,967 3,924 5,850 Finance expense (4,663 ) (5,886 ) (6,232 ) Net finance income (expense) from financial assets held for trading 32 (111 ) (21 ) Income (expense) from derivative financial instruments (307 ) 837 (482 ) (971 ) (1,236 ) (885 ) The analysis of finance income (expense) was as follows: (€ million) 2018 2017 2016 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (565 ) (638 ) (639 ) Net finance income (expense) on financial assets held for trading 32 (111 ) (21 ) Interest due to banks and other financial institutions (120 ) (113 ) (118 ) I nterest and other income on financial receivables and securities held for non-operating purposes 8 16 37 Interest from banks 18 12 15 (627 ) (834 ) (726 ) Exchange differences 341 (905 ) 676 Income (expense) from derivative financial instruments (307 ) 837 (482 ) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 132 128 143 Capitalized finance expense 52 73 106 Finance expense due to the passage of time (accretion discount) (a) (249 ) (264 ) (312 ) Other finance income (expense) (313 ) (271 ) (290 ) (378 ) (334 ) (353 ) (971 ) (1,236 ) (885 ) (a) The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. The analisys of derivative financial income (expense) is disclosed in note 23 — Derivative financial instruments and hedge accounting. Finance income (expense) with related parties are disclosed in note 36 — Transactions with related parties. |
Income (expense) from investmen
Income (expense) from investments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Income Expense From Investments [Abstract] | |
Disclosure Of Income Expense From Investments [Text Block] | 31 Income (expense) from investments Share of profit (loss) of equity-accounted investments More information is provided in note 14 — Investments. Share of profit or loss of equity accounted investments by segment is disclosed in note 35 — Segment information and information by geographical area. Other gain (loss) from investments (€ million) 2018 2017 2016 Dividends 231 205 143 Net gain (loss) on disposals 22 163 (14 ) Other net income (expense) 910 (33 ) (183 ) 1,163 335 (54 ) Dividend income related to Nigeria LNG Ltd for € 187 € 35 Other net income included the gain of €889 million deriving from the business combination between Eni Norge AS and Point Resources AS, fully-owned respectively by Eni and HitecVision AS, with the establishment of the joint venture Vår Energi AS, jointly controlled by the two shareholders (Eni’s interest 69.60%) and was determined as difference between the carrying amount of the equity investment, corresponding to the fair value of the combined net assets, and the book value of the divested net assets. In the comparative periods the expenses referred to the impairments of joint ventures and associates. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Income Tax Explanatory [Abstract] | |
Disclosure of income tax [text block] | 32 Income taxes (€ million) 2018 2017 2016 Current taxes: - Italian subsidiaries 301 712 195 - subsidiaries of the Exploration & Production segment - outside Italy 4,906 3,167 2,671 - other subsidiaries - outside Italy 163 142 133 5,370 4,021 2,999 Net deferred taxes: - Italian subsidiaries 130 (464 ) (243 ) - subsidiaries of the Exploration & Production segment - outside Italy 497 (162 ) (813 ) - other subsidiaries - outside Italy (27 ) 72 (7 ) 600 (554 ) (1,063 ) 5,970 3,467 1,936 Current income taxes payable by Italian subsidiaries referred to foreign taxes for € 241 million. The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24% (24% in 2017 and 27.5% in 2016) and the effective tax charge is the following: (€ million) 2018 2017 2016 Profit (loss) before taxation 10,107 6,844 892 Tax rate (IRES) (%) 24.0 24.0 27.5 Statutory corporation tax charge (credit) on profit or loss 2,426 1,643 245 Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 3,096 1,882 1,152 - impact pursuant to the write-off of deferred tax assets and recalculation of tax rates 252 (96 ) 397 - effect due to the tax regime provided for intercompany dividends 47 1 87 - Italian regional income tax (IRAP) 50 77 42 - effect due to non-taxable gains/losses on sales of investments (1 ) (177 ) 8 - impact pursuant to redetermination of the Italian Windfall Corporate tax as per Law 7/2009 61 - other adjustments 100 76 5 3,544 1,824 1,691 Effective tax charge 5,970 3,467 1,936 The higher tax charges at non-Italian subsidiaries €related to the Exploration & Production segment for € 3,014 million (€ 1,811 million and € 1,211 million in 2017 and in 2016 , respectively). |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Earnings Per Share Explanatory [Abstract] | |
Disclosure of earnings per share [text block] | 33 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 2018 was 3,601,140,133 2017 and 2016) . 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, 2018 , 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 2,782,584 for 2018 ( 1,691,413 2017) . In 2016 , there were no potential shares with dilutive effects. Reconciliation of the weighted average number of shares used for the calculation for both basic and diluted earnings per share was as follows: 2018 2017 2016 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 2,782,584 1,691,413 Weighted average number of shares used for the calculation of the diluted earnings per share 3,603,922,717 3,602,831,546 3,601,140,133 Eni’s net profit (€ million ) 4,126 3,374 (1,464 ) Basic earning (loss) per share (euro per share ) 1.15 0.94 (0.41 ) Diluted earning (loss) per share (euro per share ) 1.15 0.94 (0.41 ) Eni’s net profit – Continuing operations (€ million ) 4,126 3,374 (1,051 ) Basic earning (loss) per share (euro per share ) 1.15 0.94 (0.29 ) Diluted earning (loss) per share (euro per share ) 1.15 0.94 (0.29 ) Eni’s net profit – Discontinued operations (€ million ) (413 ) Basic earning (loss) per share (euro per share ) (0.12 ) Diluted earning (loss) per share (euro per share ) (0.12 ) |
Exploration for evaluation of o
Exploration for evaluation of oil&gas resources | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Exploration And Evaluation Of Oil and Gas Resources [Abstract] | |
Disclosure Of Exploration And Evaluation Of Oil Gas Resources [Text Block] | 34 Exploration for evaluation of oil&gas resources (€ million) 2018 2017 2016 Revenues related to exploration activity and evaluation 17 9 4 Exploration activity and evaluation costs - write-off of exploration and evaluation costs 93 252 170 - costs of geological and geophysical studies 287 273 204 Exploration expense for the year 380 525 374 Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs 1,081 995 1,092 Tangible assets: capitalized exploration and evaluation costs 1,267 1,371 1,905 Total tangible and intangible assets 2,348 2,366 2,997 Provision for decommissioning related to exploration activity and evaluation 77 81 118 Exploration expenditure (net cash used in investing activivties) 463 442 417 Geological and geophysical costs (cash flow from operating activities) 287 273 204 Total exploration effort 750 715 621 |
Segment information and informa
Segment information and information by geographical area | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Segmental Analysis [Abstract] | |
Disclosure of entity's operating segments [text block] | 35 Segment information and information by geographical area Segment information Eni’s segmental reporting reflects the Group’s operating segments, whose results are regularly reviewed by the chief operating decision maker (the CEO) to 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, 2018, Eni had the following reportable segments: • Exploration & Production: • Gas & Power: • Refining & Marketing and Chemical: • Corporate and other activities: Information by segment is as follows: (€ million) Exploration & Gas & Power Refining & Marketing and Chemical Corporate and other Adjustments of intragroup profits Total 2018 Net sales from operations(a) 25,744 55,690 25,216 1,589 Less: intersegment sales (15,801 ) (12,581 ) (2,622 ) (1,413 ) Net sales to customers 9,943 43,109 22,594 176 75,822 Operating profit 10,214 629 (380 ) (691 ) 211 9,983 Net provisions for contingencies 235 53 274 579 (21 ) 1,120 Depreciation and amortization 6,152 408 399 59 (30 ) 6,988 Impairments of tangible and intangible assets 1,025 56 193 18 1,292 Reversals of tangible and intangible assets 299 127 426 Write-off 97 1 2 100 Share of profit (loss) of equity-accounted investments 158 9 (67 ) (168 ) (68 ) Identifiable assets(b) 63,051 9,989 11,692 1,171 (420 ) 85,483 Unallocated assets 32,890 Equity-accounted investments 4,972 494 275 1,303 7,044 Identifiable liabilities(c) 18,110 8,314 4,319 4,072 (275 ) 34,540 Unallocated liabilities 32,760 Capital expenditure in tangible and intangible assets 7,901 215 877 143 (17 ) 9,119 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 Operating profit 7,651 75 981 (668 ) (27 ) 8,012 Net provisions for contingencies 479 (20 ) 182 245 886 Depreciation and amortization 6,747 345 360 60 (29 ) 7,483 Impairments of tangible and intangible assets 650 56 131 25 862 Reversals of tangible and intangible assets 808 202 77 1,087 Write-off 260 2 1 263 Share of profit (loss) of equity-accounted investments (99 ) (10 ) (57 ) (101 ) (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 in tangible and intangible assets 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 Operating profit 2,567 (391 ) 723 (681 ) (61 ) 2,157 Net provisions for contingencies 123 50 171 438 (277 ) 505 Depreciation and amortization 6,772 354 389 72 (28 ) 7,559 Impairments of tangible and intangible assets 740 167 120 40 1,067 Reversals of tangible and intangible assets 1,440 86 16 1,542 Write-off 153 2 195 350 Share of profit (loss) of equity-accounted investments (198 ) 19 (3 ) (144 ) (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 in tangible and intangible assets 8,254 120 664 55 87 9,180 (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 Rest of Americas Asia Africa Other Total 2018 Identifiable assets(a) 18,646 7,086 1,031 4,546 16,910 36,155 1,109 85,483 Capital expenditure in tangible and intangible assets 1,424 267 538 534 1,782 4,533 41 9,119 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 (a) Includes assets directly associated with the generation of operating profit. Net sales from operations by geographical area of destination (€ million) 2018 2017 2016 Italy 25,279 21,925 21,280 Other European Union 20,408 19,791 15,808 Rest of Europe 7,052 5,911 4,804 Americas 5,051 5,154 3,212 Asia 9,585 7,523 5,619 Africa 8,246 6,428 4,865 Other areas 201 187 174 75,822 66,919 55,762 |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Transactions with Related Parties [Abstract] | |
Disclosure of transactions between related parties [text block] | 36 Transactions with related parties In the ordinary course of its business, Eni enters into transactions with related parties 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 the remote monitoring of cars in the “Enjoy” initiative (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; (d) contributions to non-profit entities correlated to Eni with the aim to develop solidarity, culture and research initiatives. In particular these related to: (i) Eni Foundation established by Eni as a non-profit entity with the aim of pursuing exclusively solidarity initiatives in the fields of social assistance, health, education, culture and environment, as well as scientific and technological research; and (ii) Eni Enrico Mattei Foundation established by Eni with the aim of enhancing, through studies, research and training initiatives, knowledge in the fields of economics, energy and environment, both at the national and international level. Some low transactions with companies related to Eni SpA through some members of the Board of Directors were concluded at market or standard conditions, or in compliance with Eni’s internal procedure “Transactions involving interests of Directors and Statutory Auditors and transactions with related parties”, pursuant the Consob regulation. 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, 2018 2018 Name Receivables Payables Guarantees Costs Revenues Other Joint ventures and associates Agiba Petroleum Co 1 96 156 Angola LNG Supply Services Llc 177 Coral FLNG SA 14 1,147 62 Gas Distribution Company of Thessaloniki - Thessaly SA 1 18 51 Karachaganak Petroleum Operating BV 27 134 998 1 Mellitah Oil & Gas BV 1 268 502 1 Petrobel Belayim Petroleum Co 56 2,029 2,282 7 Saipem Group 75 171 793 420 30 Unión Fenosa Gas SA 4 7 57 123 37 Vår Energi AS 13 100 218 Other(*) 44 25 104 111 (26 ) 236 2,848 2,392 4,513 335 11 Unconsolidated entities controlled by Eni Eni BTC Ltd 177 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 87 1 5 11 Other 6 23 14 13 7 93 24 196 13 18 329 2,872 2,588 4,526 353 11 Entities controlled by the Government Enel Group 134 151 514 118 227 GSE - Gestore Servizi Energetici 67 85 588 555 74 Italgas Group 5 146 667 23 Snam Group 237 289 1,184 109 (1 ) Terna Group 26 47 231 150 8 Other 25 18 34 45 494 736 3,218 1,000 308 Other related parties 1 2 32 4 Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 40 140 229 34 Total 864 3,750 2,588 8,005 1,391 319 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2017 2017 Name Receivables Payables Guarantees Costs Revenues Other Joint ventures and associates Agiba Petroleum Co 1 83 142 Coral FLNG SA 20 4 1,094 28 Karachaganak Petroleum Operating BV 36 121 951 Mellitah Oil & Gas BV 5 220 495 2 Petrobel Belayim Petroleum Co 86 1,205 3,168 8 Saipem Group 63 76 7,270 450 44 Unión Fenosa Gas SA 57 3 202 28 Other (*) 84 22 140 128 295 1,731 8,421 5,349 412 28 Unconsolidated entities controlled by Eni Eni BTC Ltd 169 Industria Siciliana Acido Fosforico - ISAF - SpA 77 1 5 7 Other 20 23 7 14 7 97 24 181 14 14 392 1,755 8,602 5,363 426 28 Entities controlled by the Government Enel Group 123 187 622 164 285 GSE - Gestore Servizi Energetici 69 219 506 702 2 Italgas Group 14 180 1 681 18 Snam Group 187 351 1,221 85 Terna Group 35 31 212 154 15 Other (*) 50 21 38 16 1 478 989 1 3,280 1,139 303 Other related parties 1 2 25 1 Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 39 145 530 42 Total 910 2,891 8,603 9,198 1,608 331 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2016 2016 Name Receivables Payables Guarantees Costs Revenues Other Joint ventures and associates Agiba Petroleum Co 1 50 156 Karachaganak Petroleum Operating BV 47 187 918 27 Mellitah Oil & Gas BV 7 134 477 Petrobel Belayim Petroleum Co 225 532 1,940 2 Saipem Group 64 224 8,094 781 51 Unión Fenosa Gas SA 57 94 Other 114 25 1 145 143 47 458 1,152 8,152 4,417 317 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 8 10 78 17 246 8 12 536 1,169 8,398 4,425 329 47 Entities controlled by the Government Enel Group 151 254 808 201 182 GSE - Gestore Servizi Energetici 58 32 243 414 5 Italgas Group 54 1 4 Snam Group 44 541 1 2,032 113 Terna Group 33 46 232 117 13 Other (*) 43 24 37 68 383 898 1 3,356 913 200 Other related parties 2 32 Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations 176 331 423 70 Total 1,095 2,400 8,399 8,236 1,312 247 (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • Eni’s share of expenses incurred to develop oil fields from Agiba Petroleum Co, Karachaganak Petroleum Operating BV, Mellitah Oil & Gas BV, Petrobel Belayim Petroleum Co, Groupement Sonatrach — 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; • guarantees issued on behalf of Angola LNG Supply Services Llc to cover the commitments relating to the payment of the regasification fees; • supply of upstream specialist services and 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 and the provision of services (for more information see note 27 — Guarantees, commitments and risks); • the acquisition of transport and distribution services from Gas Distribution Company of Thessaloniki — Thessaly SA; • engineering, construction and drilling services by Saipem Group mainly for the Exploration & Production segment and residual 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, sales of LNG and fair value of derivative financial instruments; • guarantees issued in compliance with contractual agreements in the interest of Vår Energi AS and trade and other receivables and payables; • 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, fair value of derivative financial instruments 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 other related parties concerned: • provisions to pension funds of €24 million; and • contribution Financing transactions with related parties (€ million) December 31, 2018 2018 Name Receivables Payables Guarantees Charges Gains Joint ventures and associates Angola LNG Ltd 245 Cardón IV SA 705 36 95 Coral FLNG SA 108 Coral South FLNG DMCC 1,397 Shatskmorneftegaz Sàrl 267 7 Société Centrale Electrique du Congo SA 64 30 5 Vår Energi AS 494 Other 38 4 22 9 13 915 564 1,664 281 115 Unconsolidated entities controlled by Eni Other 49 25 49 25 Entities controlled by the Government Enel Group 64 Other 8 2 72 2 Total 964 661 1,664 283 115 (€ million) December 31, 2017 2017 Name Receivables Payables Guarantees Charges Gains Joint ventures and associates Angola LNG Ltd 233 Cardón IV SA 955 86 Coral FLNG SA 56 71 Coral South FLNG DMCC 1,334 Saipem Group 3 56 13 Shatskmorneftegaz Sarl 101 6 Société Centrale Electrique du Congo SA 66 43 Other 48 49 2 1 14 1,226 95 1,625 1 190 Unconsolidated entities controlled by Eni Servizi Fondo Bombole Metano SpA 60 9 1 Other (*) 1 52 61 61 1 Entities controlled by the Government Other 8 3 8 3 Total 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 Derivative 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 Total 1,424 191 84 145 157 27 (*) Each individual amount included herein was lower than €50 million. The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • bank debt guarantees issued on behalf of Angola LNG Ltd; • financing loans granted to Cardón IV SA for the exploration and development activities of the Perla offshore gas field in Venezuela; • 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 27 — Guarantees, commitments and risks); • a bank debt guarantee issued on behalf of Coral South FLNG DMCC (for more information see note 27 — Guarantees, commitments and risks); • the impairment of financial receivables granted to Shatskmorneftegaz Sàrl; • the loan granted to Société Centrale Electrique du Congo SA for the construction of a power plant in Congo and a cash deposit at Eni’s financial companies; • a cash deposit held at Eni’s financial companies by Vår Energi AS. The most significant transactions with entities controlled by the Italian Government concerned: • restricted deposits in escrow of derivative financial instruments with Enel Group. 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: (€ million) December 31, 2018 December 31, 2017 Total Related Impact % Total Related Impact % Other current financial assets 300 49 16.33 316 73 23.10 Trade and other receivables 14,101 633 4.49 15,421 834 5.41 Other current assets 2,258 71 3.14 1,573 30 1.91 Other non-current financial assets 1,253 915 73.02 1,675 1,214 72.48 Other non-current assets 792 160 20.20 1,323 46 3.48 Short-term debt 2,182 661 30.29 2,242 164 7.31 Trade and other payables 16,747 3,664 21.88 16,748 2,808 16.77 Other current liabilities 3,980 63 1.58 1,515 60 3.96 Other non-current liabilities 1,502 23 1.53 1,479 23 1.56 The impact of transactions with related parties on the profit and loss accounts consisted of the following: 2018 2017 2016 (€ million) Total Related Impact % Total Related Impact % Total Related Impact % Net sales from operations 75,822 1,383 1.82 66,919 1,567 2.34 55,762 1,238 2.22 Other income and revenues 1,116 8 0.72 4,058 41 1.01 931 74 7.95 Purchases, services and other (55,622 ) (8,009 ) 14.40 (51,548 ) (9,164 ) 17.78 (43,278 ) (8,212 ) 18.97 Net (impairment losses) reversals of trade and other receivables (415 ) 26 — (913 ) (846 ) Payroll and related costs (3,093 ) (22) 0.71 (2,951 ) (34 ) 1.15 (2,994 ) (24 ) 0.80 Other operating income (expense) 129 319 — (32 ) 331 — 16 247 — Finance income 3,967 115 2.90 3,924 191 4.87 5,850 157 2.69 Finance expense (4,663 ) (283) 6.07 (5,886 ) (4 ) 0.07 (6,232 ) (145 ) 2.33 Derivative financial instruments (307 ) 837 (482 ) 27 — Main cash flows with related parties are provided below: (€ million) 2018 2017 2016 Revenues and other income 1,391 1,608 1,312 Costs and other expenses (5,210 ) (5,360 ) (5,623 ) Other operating income (loss) 319 331 247 Net change in trade and other receivables and liabilities 683 391 182 Net interests 110 187 133 Net cash provided from operating activities (2,707 ) (2,843 ) (3,749 ) Capital expenditure in tangible and intangible assets (2,768 ) (3,838 ) (2,613 ) Disposal of investments 463 Net change in accounts payable and receivable in relation to investments 20 425 252 Change in financial receivables (566 ) 298 5,650 Net cash used in investing activities (3,314 ) (3,115 ) 3,752 Change in financial liabilities 16 (16 ) (192 ) Net cash used in financing activities 16 (16 ) (192 ) Total financial flows to related parties (6,005 ) (5,974 ) (189 ) The impact of cash flows with related parties consisted of the following: 2018 201 7 201 6 (€ million) Total Related Impact % Total Related Impact % Total Related Impact % Cash provided from operating activities 13,647 (2,707 ) — 10,117 (2,843 ) — 7,673 (3,749 ) — Cash used in investing activities (7,536) (3,314 ) 43.98 (3,768 ) (3,115 ) 82.67 (4,443 ) 3,752 — Cash used in financing activities (2,637) 16 — (4,595 ) (16 ) 0.35 (3,651 ) (192 ) 5.26 |
Other information about investm
Other information about investments | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about investment property [abstract] | |
Disclosure of interests in other entities [text block] | 37 Other information about investments Information on Eni’s investments as of December 31, 2018 The following section provides the information about Eni’s subsidiaries, joint arrangements, associates and other significant investments as of December 31, 2018. 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 Country of Currency Share Shareholders % Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 25.76 Subsidiaries Exploration & Production In Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) 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 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 7,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Italy EUR 13,877,600 Eni SpA 99.96 99.96 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (#) Company with shares quoted in the regulated market of Italy or of other EU countries Outside Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Agip Caspian Sea BV Amsterdam Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Energy and Natural Abuja Nigeria NGN 5,000,000 Eni International BV 95.00 100.00 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 Energy (Bermuda) Ltd Hamilton United USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy Congo Ltd Tortola Republic of USD 50,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. 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 Shakti Ltd Hamilton United USD 65,300,000 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam United 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 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 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 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 Country of Currency Share Shareholders % % Equity Consolidation (*) 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 Bahrain BV Amsterdam Netherlands EUR 20,000 Eni International BV 100,00 Eq. Eni BB Dover, USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni BTC Ltd London United GBP 23,214,400 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 Eq. Eni Canada 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 Cyprus Ltd Nicosia Cyprus EUR 2,006 Eni International BV 100.00 100.00 F.C. Eni Denmark BV Amsterdam Greenland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni do Brasil Rio de Janeiro Brazil BRL 1,593,415,000 Eni International BV 99.99 Eq. Eni East Ganal Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni East London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/ London United GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Exploration 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 Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Eni Gas & Power LNG Australia BV Amsterdam Australia EUR 10,000,000 Eni International BV 100.00 100.00 F.C. Eni Ghana 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 London United Kingdom GBP 750,050,000 Eni SpA 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 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 Lebanon EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liberia BV Amsterdam Liberia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool London United Kingdom GBP 1 Eni UK Ltd 100.00 Eq. Eni LNS Ltd London United Kingdom GBP 80,400,000 Eni UK Ltd 100.00 100.00 F.C. Eni Marketing 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Eni México S. de RL Lomas De Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Middle East Ltd (in liquidation) London United Kingdom 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 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 Oman EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Pakistan (M) Ltd Luxembourg Pakistan USD 20,000 Eni Oil Holdings 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 Petroleum Co Inc Dover, Delaware USA USD 156,600,000 Eni SpA 63.86 100.00 F.C. Eni Petroleum US Llc Dover, Delaware 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 Mozambique EUR 20,000 Eni Mozambique 100.00 100.00 F.C. Eni Sharjah BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Eni South China Luxembourg China USD 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen United Kingdom GBP 1,000 Eni UK Ltd 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 Hamilton Turkmenistan USD 20,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. Eni UHL Ltd London United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UK Holding Plc London United Kingdom GBP 424,050,000 Eni Lasmo Plc 99.99 100.00 F.C. Eni UK Ltd London United Kingdom GBP 250,000,000 Eni International BV 100.00 100.00 F.C. Eni UKCS Ltd London United Kingdom GBP 100 Eni UK Ltd 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 99.99 100.00 F.C. Eni Ukraine Shallow Waters BV Amsterdam Ukraine EUR 20,000 Eni Ukraine Hold.BV 100.00 Eq. Eni ULT Ltd London United Kingdom GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London United Kingdom GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni US Operating Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 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 Venezuela BV Amsterdam Venezuela EUR 20,000 Eni Venezuela E&P Holding 100.00 100.00 F.C. Eni Venezuela Bruxelles Belgium USD 254,057,680 Eni International BV 99.99 100.00 F.C. Eni Ventures Plc (in liquidation) London United Kingdom 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 Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. EniProgetti Egypt Cairo Egypt EGP 50,000 EniProgetti SpA 99.00 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 Country of Currency Share Shareholders % % Equity Consolidation (*) First Calgary Petroleums Wilmington Algeria USD 1 Eni Canada Hold. Ltd 99.99 100.00 F.C. First Calgary Petroleums 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 Eq. Nigerian Agip CPFA Ltd Lagos Nigeria NGN 1,262,500 NAOC Ltd 98.02 Co. Nigerian Agip Abuja Nigeria NGN 5,000,000 Eni International BV 99.99 100.00 F.C. Nigerian Agip Oil Co Ltd Abuja Nigeria NGN 1,800,000 Eni International BV 99.89 100.00 F.C. OOO ‘Eni Energhia’ Moscow Russia RUB 2,000,000 Eni Energy Russia BV 99.90 100.00 F.C. Zetah Congo Ltd Nassau Republic of USD 300 Eni Congo SA 66.67 Co. Zetah Kouilou Ltd Nassau Republic of USD 2,000 Eni Congo SA 54.50 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 Country of Currency Share Shareholders % % Equity Consolidation (*) 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 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 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 Levallois Perret France EUR 29,937,600 Eni gas e luce SpA 99.87 99.87 F.C. Eni Trading & Shipping Inc Dover, Delaware USA USD 36,000,000 ETS SpA 100.00 100.00 F.C. Eni Transporte y Mexico City Mexico MXN 3,000 Eni International BV 99,90 Eq. Gas Supply Company Thessaloniki - Thessalia SA Thessaloniki Greece EUR 13,761,788 Eni gas e luce 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 66.67 F.C. Société pour la Tunisi Tunisia TND 200,000 Eni International BV 99.85 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value Refining & Marketing and Chemical Refining & Marketing In Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) 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. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. Outside Italy Eni Abu Dhabi Refining Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Austria GmbH Wien Austria EUR 78,500,000 Eni International BV 75.00 100.00 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 89.00 100.00 F.C. Eni Ecuador SA Quito Ecuador USD 103,142.08 Eni International BV 99.93 100.00 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 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 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Versalis SpA San Donato Italy EUR 1,364,790,000 Eni SpA 100.00 100.00 F.C. In Italy Consorzio Industriale (in liquidation) San Donato Italy EUR 124,000 Versalis SpA 53.55 Eq. Outside Italy Dunastyr Budapest Hungary HUF 8,092,160,000 Versalis SpA 96.34 100.00 F.C. Versalis Americas Inc Dover, Delaware USA USD 100,000 Versalis Int.SA 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire Republic of CDF 1,000,000 Versalis Int.SA 100.00 Eq. Versalis Deutschland 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 Bruxelles Belgium EUR 15,449,173.88 Versalis SpA 59.00 100.00 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 Sing. P. Ltd 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 100.00 100.00 F.C. 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 Registered office Country of Currency Share Shareholders % % Equity Consolidation (*) In Italy Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. Eni Adfin SpA (in liquidation) Rome Italy EUR 85,537,498.80 Eni SpA 99.67 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 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 99.90 100.00 F.C. Eni Finance Bruxelles Belgium USD 2,474,225,632 Eni International BV 66.39 100.00 F.C. Eni Finance USA Inc Dover, 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 Amsterdam Netherlands EUR 641,683,425 Eni SpA 100.00 100.00 F.C. Eni International London United Kingdom GBP 50,000 Eni SpA 99.99 100.00 F.C. Eni Next Llc Houston USA USD 100 Eni Petroleum Co Inc 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 Other Activities Company name Registered Country Currency Share Shareholders % % Equity Consolidation (*) In Italy Anic Partecipazioni SpA (in liquidation) Gela (CL) Italy EUR 23,519,847.16 Syndial SpA 99.97 Eq. Eni Energia Srl San Donato Italy EUR 10,000 Eni SpA 100.00 Co. Eni New Energy SpA San Donato Italy EUR 9,296,000 Eni SpA 100.00 100.00 F.C. Industria Siciliana Acido Fosforico - (in liquidation) Gela (CL) Italy EUR 1,300,000 Syndial SpA 52.00 Eq. Ing. Luigi Conti Vecchi Assemini (CA) Italy EUR 5,518,620.64 Syndial SpA 100.00 100.00 F.C. Syndial Servizi Ambientali SpA San Donato Italy EUR 425,647,621.42 Eni SpA 99.99 100.00 F.C. Outside Italy Arm Wind Llp Astana Kazakhstan KZT 2,133,967,100 Windirect BV 100.00 90.00 F.C. Eni New Energy Egypt Cairo Egypt EGP 250,000 Eni International BV 99.98 Eq. Oleodotto del Reno SA Coira Switzerland CHF 1,550,000 Syndial SpA 100.00 Eq. Windirect BV Amsterdam Netherlands EUR 10,000 Eni International BV 90.00 90.00 F.C. (*) 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Mozambique Rovuma Venture SpA (†) San Donato Mozambique EUR 20,000,000 Eni SpA 35.71 35.71 J.O. Outside Italy Agiba Petroleum (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Angola LNG Ltd Hamilton Angola USD 10,082,000,000 Eni Angola Prod.BV 13.60 Eq. Ashrafi Island Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Barentsmorneftegaz (†) Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Cabo Delgado Gas (†) Maputo Mozambique MZN 2,500,000 Eni Mozam.LNG H. BV 50.00 Co. Cardón IV SA (†) Caracas Venezuela VES 172.1 Eni Venezuela BV 50.00 Eq. Compañia Agua Plana SA Caracas Venezuela VES 0.001 Eni Venezuela BV 26.00 Co. Coral FLNG SA Maputo Mozambique MZN 100,000,000 Eni Mozam.LNG H. BV 25.00 Eq. Coral South FLNG Dubai United Arab AED 500,000 Eni Mozam.LNG H. BV 25.00 Eq. East Delta Gas Co (in liquidation) Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 Co. East Kanayis Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. East Obaiyed (†) Cairo Egypt EGP 20,000 Ieoc SpA 50.00 Co. El Temsah Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. El-Fayrouz Petroleum Co (†) (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 50.00 Co. Fedynskmorneftegaz (†) Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Isatay Operating Company Llp (†) Astana Kazakhstan KZT 400,000 Eni Isatay BV 50.00 Co. Karachaganak Petroleum Operating BV Amsterdam Kazakhstan EUR 20,000 Agip Karachag.BV 29.25 Co. Karachaganak Project Development Ltd (KPD) Reading, United GBP 100 Agip Karachag.BV 38.00 Eq. Khaleej Petroleum Safat Kuwait KWD 250,000 Eni Middle E. Ltd 49.00 Eq. Liberty National Wilmington USA USD 0 (a) Eni Oil & Gas Inc 32.50 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Mediterranean Gas Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Mellitah Oil & Gas BV (†) Amsterdam Libya EUR 20,000 Eni North Africa BV 50.00 Co. Nile Delta Oil Co Nidoco Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Norpipe Terminal Holdco Ltd London Norway GBP 55.69 Eni SpA 14.20 Eq. North Bardawil Petroleum Co Cairo Egypt EGP 20,000 Ieoc Exploration BV 30.00 Co. North El Burg Petroleum Co Cairo Egypt EGP 20,000 Ieoc SpA 25.00 Co. Petrobel Belayim Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. PetroBicentenario (†) Caracas Venezuela VES 3,790 Eni Lasmo Plc 40.00 Eq. PetroJunín SA (†) Caracas Venezuela VES 24,021 Eni Lasmo Plc 40.00 Eq. PetroSucre SA Caracas Venezuela VES 2,203 Eni Venezuela BV 26.00 Eq. Pharaonic Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Point Resources FPSO Sandnes Norway NOK 60,000 Vår Energi AS 100.00 Point Resources FPSO Sandnes Norway NOK 150,100,000 PR FPSO Holding AS 100.00 PR Jotun DA Sandnes Norway NOK 0 (a) PR FPSO AS 95.00 Port Said Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Raml Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 22.50 Co. Ras Qattara Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Rovuma Basin LNG Land Limitada (†) Maputo Mozambique MZN 140,000 Mozamb. Rov. V. SpA 33.33 Co. Shorouk Petroleum Company Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Société Centrale Electrique du Congo SA Pointe-Noire Republic of XAF 44,732,000,000 Eni Congo SA 20.00 Eq. Société Italo Tunisienne d’Exploitation Pétrolière SA (†) Tunisi Tunisia TND 5,000,000 Eni Tunisia BV 50.00 Eq. Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA (†) Tunisi Tunisia TND 100,000 Eni Tunisia BV 50.00 Co. Tapco Petrol Boru Hatti Sanayi ve Ticaret AS (†) (in liquidation) Istanbul Turkey TRY 9,850,000 Eni International BV 50.00 Co. Tecninco Engineering (†) Aksai Kazakhstan KZT 29,478,455 EniProgetti SpA 49.00 Eq. Thekah Petroleum Co (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 25.00 Co. United Gas Derivatives Cairo Egypt USD 153,000,000 Eni International BV 33.33 Eq. VIC CBM Ltd (†) London Indonesia USD 1,315,912 Eni Lasmo Plc 50.00 Eq. Virginia Indonesia Co (†) London Indonesia USD 631,640 Eni Lasmo Plc 50.00 Eq. Vår Energi AS (†) Forus Norway NOK 399,425,000 Eni International BV 69.60 Eq. West Ashrafi Petroleum Co (†) (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 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 Country of Currency Share Shareholders % % Equity Consolidation (*) 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 Angola LNG Supply Services Llc Wilmington USA USD 19,278,782 Eni USA Gas M. Llc 13.60 Eq. 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. 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 Transmed.Pip.Co Ltd 90.00 Eq. Transmediterranean Pipeline (†) St. Helier Jersey USD 10,310,000 Eni SpA 50.00 50.00 J.O. 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 Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Arezzo Gas SpA (†) Arezzo Italy EUR 394,000 Eni Fuel SpA 50.00 Eq. CePIM Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA 44.78 Eq. Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Eni Fuel SpA 25.00 Co. Costiero Gas (†) 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. Livorno LNG Livorno Italy EUR 200,000 Costiero Gas Liv. SpA 50.00 Eq. Petroven (†) Genova Italy EUR 156,000 Ecofuel SpA 68.00 68.00 J.O. Porto Petroli Genova Italy EUR 2,068,000 Ecofuel SpA 40.50 Eq. Raffineria di (†) Milazzo (ME) Italy EUR 171,143,000 Eni SpA 50.00 50.00 J.O. Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA 25.00 Co. Sigea Sistema Genova Italy EUR 3,326,900 Ecofuel SpA 35.00 Eq. Società (†) San Donato Milanese (MI) Italy EUR 3,085,000 Eni SpA 70.00 70.00 J.O. Termica Milazzo (†) 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. Outside Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) AET - (†) Schwedt Germany EUR 27,000 Eni Deutsch.GmbH 33.33 Eq. Bayernoil (†) Vohburg Germany EUR 10,226,000 Eni Deutsch.GmbH 20.00 20.00 J.O. City Carburoil (†) Rivera Switzerland CHF 6,000,000 Eni Suisse SA 49.91 Eq. Egyptian International Gas Technology Co Cairo Egypt EGP 100,000,000 Eni International BV 40.00 Co. ENEOS Italsing Pte Singapore Singapore SGD 12,000,000 Eni International BV 22.50 Eq. FSH Flughafen Schwechat Hydranten- Wien Austria EUR 7,798,020.99 Eni Market.A.GmbH 14.56 Co. Fuelling Aviation Services GIE Tremblay en France France EUR 1 Eni France Sàrl 25.00 Co. Mediterranée Bitumes SA Tunisi Tunisia TND 1,000,000 Eni International BV 34.00 Eq. Routex BV Amsterdam Netherlands EUR 67,500 Eni International BV 20.00 Eq. Saraco SA Meyrin Switzerland CHF 420,000 Eni Suisse SA 20.00 Co. Supermetanol CA (†) Jose Puerto La Cruz Venezuela VES 120,867 Ecofuel SpA 34.51 (a) 30.07 50.00 J.O. TBG Tanklager (†) Salzburg Austria EUR 43,603.70 Eni Market.A.GmbH 50.00 Eq. Weat Electronic Düsseldorf Germany EUR 409,034 Eni Deutsch.GmbH 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. (a) Controlling interest: Ecofuel SpA 50.00 Chemical Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) In Italy Brindisi Servizi Generali Scarl Brindisi Italy EUR 1,549,060 Versalis SpA 49.00 Eq. IFM Ferrara ScpA Ferrara Italy EUR 5,270,466 Versalis SpA 19.74 Eq. Matrìca SpA (†) Porto Torres (SS) Italy EUR 37,500,000 Versalis SpA 50.00 Eq. Newco Tech SpA (†) (in liquidation) Novara Italy EUR 179,000 Versalis SpA 80.00 Eq. Novamont SpA Novara Italy EUR 13,333,500 Versalis SpA 25.00 Eq. Priolo Servizi ScpA Melilli (SR) Italy EUR 28,100,000 Versalis SpA 33.11 Eq. Ravenna Servizi Industriali ScpA Ravenna Italy EUR 5,597,400 Versalis SpA 42.13 Eq. Servizi Porto Marghera Scarl Porto Marghera (VE) Italy EUR 8,695,718 Versalis SpA 48.44 Eq. Outside Italy Lotte Versalis Elastomers Co (†) Yeosu South Korea KRW 301,800,000,000 Versalis SpA 50.00 Eq. Versalis Zeal (†) Takoradi Ghana GHS 5,650,000 Versalis Intern. SA 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. Corporate and other activities Corporate and financial companies Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Outside Italy Commonwealth Fusion Systems Llc Wilmington USA USD 148,291,710.38 Eni Next Llc 35.72 P.N. Other activities In Italy Filatura Tessile Nazionale (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) 1.46 Eq. Outside Italy Grid Edge (Private) Ltd (†) Saddar Town- Pakistan PKR 1,200,000 Eni International BV 40.00 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 48.00 (b) Controlling interest: Eni SpA 30.99 Other significant investments Exploration & Production In Italy Company name Registered Country of Currency Share Shareholders % Consolidation (*) Consorzio Universitario in Ingegneria per la Qualità e Pisa Italy EUR 135,000 Eni SpA 25.00 F.V. Outside Italy Administradora del Golfo de Paria Este SA Caracas Venezuela VES 0.001 Eni Venezuela BV 19.50 F.V. Brass LNG Ltd Lagos Nigeria USD 1,000,000 Eni Int. NA NV Sàrl 20.48 F.V. Darwin |
Public assistance - Italian Law
Public assistance - Italian Law no. 124/2017 and subsequent modifications | 12 Months Ended |
Dec. 31, 2018 | |
Public Assistance [Abstract] | |
Disclosure of Public Assistance And Subsequent Modifications [Text Block] | 38 Public assistance — Italian Law no. 124/2017 and subsequent modifications Under art. 1, paragraphs 125 and 126, of the Italian Law no. 124/2017 and subsequent modifications, the disclosures about the assistance received from Italian public authorities and entities, as well as the assistance granted by Eni SpA and by its fully consolidated subsidiaries to companies, persons and public and private entities, are provided below. The consolidated disclosures include: (i) assistance received from Italian public authorities/entities; and (ii) assistance granted by Eni SpA and its subsidiaries. 30 The following disclosure requirements do not apply to: (i) incentives/subventions granted to all those entitled in accordance with a general assistance aid scheme; (ii) consideration in exchange for supplied goods/services, including sponsorships; (iii) reimbursements and indemnities paid to persons engaged in professional and orientation trainings; (iv) continuous training contributions to companies granted by inter-professional funds established in the legal form of association; (v) membership fees for the participation to industry trade and territorial associations, as well as to foundations or similar organizations, which perform activities linked with the company’s business; (vi) costs incurred with reference to social projects linked to the investing activities of the company. The assistance to be disclosed is identified on a cash basis. The disclosure includes assistance exceeding EUR 10,000, even though they are granted through several payments. Under art. 3-quarter of the Italian Decree Law No. 135/2018, converted with amendments by Law 11 February 2019, n. 12, for the received assistance see the information included in the Italian State aid Register, prepared in accordance with the article 52 of the Italian Law 24 December 2012, No. 234. 30 The following disclosures do not include assistance granted by foreign subsidiaries to foreign beneficiaries. The granted assistance provided herein is mainly referred to foundations, associations and other entities for reputational purposes, donations and support for charitable and solidarity initiatives: Granted subject Amount paid Fondazione Eni Enrico Mattei 4,403,686 Eni Foundation 3,389,902 Fondazione Teatro alla Scala 3,052,192 Fondazione Giorgio Cini 1,000,000 WEF – World Economic Forum 260,586 Comitato Sisma Centro Italia – Confindustria, CIGL, CISL e UIL – Fondo di solidarietà per le popolazioni Centro Italia 242,326 Council on Foreign Relations 83,358 Atlantic Council of the United States Inc 81,307 World Business Council for Sustainable Development 72,805 Associazione Pionieri e Veterani Eni 57,000 EITI – Extractive Industries Transparency Initiative 51,588 Bruegel 50,000 Parrocchia di S. Barbara a San Donato Milanese 40,000 Aspen Institute Italia 35,000 Italiadecide 35,000 Fondazione Camera Centro Italiano per la Fotografia 33,000 Istituto Giannina Gaslini 30,000 Center for Strategic & International Studies 29,687 Politecnico di Milano – Dipartimento di “Scienze e Tecnologie Energetiche e Nucleari” 26,000 Institute for Human Rights and Business (IHRB) 22,548 Associazione Civita 22,000 Foreign Policy Association – USA 21,985 The Metropolitan Museum of Arts 21,760 Associazione Amici della Luiss 20,000 Centro Studi Americani 20,000 Fondazione Human Foundation Giving and Innovating Onlus 20,000 Global Reporting Initiative 14,000 Lega Italiana Fibrosi Cistica Lazio Onlus 10,000 |
Significant non-recurring event
Significant non-recurring events and operations | 12 Months Ended |
Dec. 31, 2018 | |
Notes To Financial Statements [Abstract] | |
Disclosure Of Significant Nonrecurring Events And Operations [Text Block] | 39 Significant non-recurring events and operations In 2018, in 2017 and 2016, 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, 2018 | |
Disclosure Of Positions Or Transactions Deriving From A typical And or Unusual Operations [Abstract] | |
Disclosure Of Positions Or Transactions Deriving From A typical And or Unusual Operations [Text Block] | 40 Positions or transactions deriving from atypical and/or unusual operations In 2018, 2017 and 2016 no transactions deriving from atypical and/or unusual operations were reported. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of subsequent events [Abstract] | |
Disclosure of events after reporting period [text block] | 41 Subsequent events No significant events were reported after December 31, 2018. |
Significant accounting polici_2
Significant accounting policies, estimates and judgements (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Significant Accounting Policies Estimates And Judgements [Abstract] | |
Description of accounting policy for Basis of preparation [Text Block] | Basis of preparation The Consolidated Financial Statements of the Eni Group have been prepared in accordance with International Financial Reporting Standards (IFRS) 1 The Consolidated Financial Statements have been prepared under the historical cost convention, taking into account, where appropriate, value adjustments, except for certain items that under IFRSs must be measured at fair value as described in the accounting policies that follow. The 2018 Consolidated Financial Statements included in the Annual Report on Form 20-F, approved by the Eni’s Board of Directors on April 4, 2019, 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), except where otherwise indicated. |
Description of accounting policy for accounting judgements and estimates [Text Block] | Significant accounting estimates and judgements The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognised in the financial statements, as well as amounts included in the notes thereto, including disclosure of contingent assets and contingent liabilities. Estimates made are based on complex judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant 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. |
Description of accounting policy for Principles of consolidation [Text Block] | 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. (1) IFRSs include also International Accounting Standards (IAS), currently effective, as well as the interpretations developed by the IFRS Interpretations Committee, previously named International Financial Reporting Interpretations Committee (IFRIC) and initially Standing Interpretations Committee (SIC). Subsidiaries are consolidated, on the basis of consistent accounting policies, from the date on which control is obtained until the date that control ceases. Assets, liabilities, income and expenses of consolidated subsidiaries are fully recognised with those of the parent in the Consolidated Financial Statements; the parent’s investment in each subsidiary is eliminated against the corresponding parent’s portion of equity of each subsidiary. Non-controlling interests are presented separately in the balance sheet within equity; the profit or loss attributable to non-controlling interests is presented in a specific line item of the profit and loss account. 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 revenue and other operating data (production, reserves, etc.) of the project, as well as the related obligations arising from the project, are recognised directly in the financial statements of the companies involved based on their own share. Some subsidiaries are not consolidated because they are not significant, either individually or in the aggregate; this exclusion has not produced significant 2 3 . When the proportion of the equity held by non-controlling interests changes, any difference between the consideration paid/received and the amount by which the non-controlling interests are adjusted is attributed to Eni 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 or loss calculated as the difference between the consideration received and the corresponding transferred net assets; (ii) any gain or loss recognised as a result of the re-measurement of any investment retained in the former subsidiary at its fair value; and (iii) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 4 . Any investment retained in the former subsidiary is recognised at its fair value at the date when control is lost and shall be accounted for in accordance with the applicable measurement criteria. |
Description of accounting policy for investments in joint ventures [text block] | Interests in joint arrangements Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Investments in joint ventures are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have enforceable rights to the assets, and enforceable obligations for the liabilities, relating to the arrangement. In the Consolidated Financial Statements, Eni recognises its share of the assets/liabilities and revenue/expenses of joint operations on the basis of its rights and obligations relating to the arrangements. After the initial recognition, the assets/liabilities and revenue/expenses of the joint operations are measured in accordance with the applicable measurement criteria. Not significant 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. |
Description of accounting policy for investment in associates [text block] | Investments in associates An associate is an entity over which Eni has significant influence, that is the power to participate in the financial and operating policy decisions of the investee, but is not control or joint control of those policies. Investments in associates are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. (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 rep o rting entity”. (3) Unconsolidated subsidiaries are accounted for as described in the accounting policy for “The equity method of accounting”. (4) Conversely, any amount related to the former subsidiary previously recognised in other comprehensive income, which may not be reclassified subsequently to the profit and loss account, are reclassified in another item of equity. Consolidated companies’ financial statements are audited by external auditors who audit also the information required for the preparation of the Consolidated Financial Statements. |
Description of accounting policy for equity method of accounting [Text Block] | The equity method of accounting Investments in joint ventures, associates and not significant unconsolidated subsidiaries, are accounted for using the equity method. 5 6 Under the equity method, investments are initially recognised 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 recognised 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. 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 (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the counterparty, etc.), 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”. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognised in the profit and loss account within “Other gain (loss) from investments”. The impairment reversal shall not exceed the previously recognised impairment losses. Losses arising from the application of the equity method in excess of the carrying amount of the investment, recognised in the profit and loss account within “Income (Expense) from investments”, reduce the carrying amount of any financing receivables towards the investee for which settlement is neither planned nor likely to occur in the foreseeable future and which are, in substance, an extension of the investment in the investee (the so-called long-term interests). The sale of equity interests with loss of joint control or significant influence over the investee determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss recognised as a result of the re-measurement of any investment retained in the former joint venture/associate at its fair value7; and (iii) any amount related to the former joint venture/associate previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 8 The investor’s share of losses of an investee, that exceeds the carrying amount of the investment and any long-term interests, is recognised in a specific provision only to the extent that the investor has incurred legal or constructive obligations or made payments on behalf of the investee. |
Description of accounting policy for business combinations [text block] | Business combinations Business combinations are accounted for by applying the acquisition method. The consideration transferred in a business combination is the sum of the acquisition-date fair value of the assets transferred, the liabilities incurred and the equity interests issued by the acquirer. Acquisition-related costs are accounted for as expenses when incurred. (5) In the case of step acquisition of significant influence (joint control), the investment is recognised, 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. (6) Joint ventures, associates and not significant unconsolidated subsidiaries are accounted for at cost less any accumulated impairment losses, if this does not result in a misrepresentation of the Company's financial position and performance. (7) If the retained investment continues to be accounted for using the equity method, no re-measurement at fair value is recognised in the profit and loss account. (8) Conversely, any amount related to the former joint venture/associate previously recognised in other comprehensive income, which may not be reclassified subsequently to the profit and loss account, are reclassified in another item of equity. The acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 9 Any non-controlling interests are measured as the proportionate share in the recognised amounts of the acquiree’s identifiable net assets at the acquisition date excluding, hence, the portion of goodwill attributable to them (partial goodwill method); as an alternative, non-controlling interests may be measured at fair value, which means that goodwill includes the portion attributable to them (full goodwill method) 10 In a business combination achieved in stages, the purchase price is determined by summing the acquisition-date fair value of previously held equity interests in the acquiree and the consideration transferred for obtaining control; the previously held equity interests are re-measured at their acquisition-date fair value and the resulting gain or loss, if any, is recognised in the profit and loss account. Furthermore, on obtaining control, any amount recognised in other comprehensive income related to the previously held equity interests is reclassified to the profit and loss account, or in another item of equity when such amount may not be reclassified to the profit and loss account. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the provisional amounts recognised at the acquisition date shall be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed as of the acquisition date. The acquisition of interests in a joint operation whose activity constitutes a business is accounted for applying the principles on business combinations accounting. |
Description of accounting policy for Significant accounting estimates and judgements investments and business combinations [Text Block] | Significant accounting estimates and judgements: investments and business combinations The assessment of the existence of control, joint control, significant influence over an investee, as well as for joint operations, the assessment of the existence of enforceable rights and obligations imply that the management makes complex judgements on the basis of the characteristics of the investee’s structure, arrangements between parties and other relevant facts and circumstances. Significant accounting estimates by management are required also for measuring the identifiable assets acquired and the liabilities assumed, in a business combination, at their acquisition-date fair values. For such measurement, to be performed also for the application of the equity method, Eni adopts the valuation techniques generally used by market participants taking into account the available information; for the most significant business combinations, Eni engages external independent evaluators. |
Description of accounting policy for Intragroup transactions [Text Block] | Intragroup transactions All balances and transactions between consolidated companies, and not yet realised with third parties, including unrealised profits arising from such transactions have been eliminated. Unrealised profits arising from transactions between the Group and its equity-accounted entities are eliminated to the extent of the Group’s interest in the equity-accounted entity. In both cases, unrealised losses are not eliminated unless the transaction provides evidence of an impairment loss of the asset transferred. |
Description of accounting policy for foreign currency translation [text block] | 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). (9) Fair value measurement principles are described below in the accounting policy for “Fair value measurements”. (10) 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. The cumulative resulting exchange differences are presented in the separate component of Eni shareholders’ equity “Cumulative currency translation differences” 11 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. 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 2018 Exchange rate at December 31, 2018 Annual average exchange rate 2017 Exchange rate at December 31, 2017 Annual average exchange rate 2016 Exchange rate at December 31, 2016 U.S. Dollar 1.18 1.15 1.13 1.20 1.11 1.05 Pound Sterling 0.88 0.89 0.88 0.88 0.82 0.86 Norwegian Krone 9.60 9.94 9.33 9.83 9.29 9.09 Australian Dollar 1.58 1.62 1.47 1.53 1.49 1.46 Significant accounting policies The most significant accounting policies used in the preparation of the Consolidated Financial Statements are described below. |
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 capitalised within the line item “Intangible assets” as “exploration rights — unproved” pending determination of whether the exploration and appraisal activities in the reference areas are successful or not. Unproved exploration rights are not amortised, but reviewed to confirm that there is no indication that the carrying amount exceeds the recoverable amount. This review is based on the confirmation of the commitment of the Company to continue the exploration activities and on the analysis of facts and circumstances that 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 recognised in the profit and loss account as write-off. Lower value exploration rights are pooled and amortised on a straight-line basis over the estimated period of exploration. In the event of a discovery of proved reserves (i.e. upon recognition of proved reserves and internal approval for development), the carrying amount of the related unproved exploration rights is reclassified to “proved exploration rights”, within the line item “Intangible assets”. Upon reclassification, as well as whether there is any indication of impairment, the carrying amount of exploration rights to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration rights are amortised according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortisation”). (11) When the foreign subsidiary is partially owned, the cumulative exchange differences, that are attributable to the non-controlling interests, are allocated to and recognised as part of “Non-controlling interest”. Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalised in connection with the assets acquired (such as exploration potential, possible and probable reserves and proved reserves). When the acquisition is related to a set of exploration potential and reserves, the cost is allocated to the different assets acquired based on their expected discounted cash flows. Acquired exploration potential is measured in accordance with the criteria illustrated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortised according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortised until classified as proved reserves; in case of a negative result, it is written-off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognised as an expense as incurred. Costs directly associated with an exploration well are initially recognised within tangible assets in progress, as “exploration and appraisal costs — unproved” (exploration wells in progress) until the drilling of the well is completed and can continue to be capitalised in the following 12-month period pending the evaluation of drilling results (suspended exploration wells). If, at the end of this period, it is ascertained that the result is negative (no hydrocarbon found) or that the discovery is not sufficiently significant to justify the development, the wells are declared dry/unsuccessful and the related costs are written-off. Conversely, these costs continue to be capitalised if and until: (i) the well has found a sufficient quantity of reserves to justify its completion as a producing well, and (ii) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project; on the contrary, the capitalised costs are recognised in the profit and loss account as write-off. Analogous recognition criteria are adopted for the costs related to the appraisal activity. When proved reserves of oil and/or natural gas are determined, the relevant expenditure recognised as unproved is reclassified to proved exploration and appraisal costs, within tangible assets in progress. Upon reclassification, 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 amortisation”). Development expenditure Development expenditure, including the costs related to unsuccessful and damaged development wells, are capitalised as “Tangible asset in progress — proved”. Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil&gas. They are amortised, from the commencement of production, generally on a UOP basis. When development projects are unfeasible/not carried on, the related costs are written-off when it is decided to abandon the project. Development costs are tested for impairment in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. UOP depreciation, depletion and amortisation Proved oil&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 amortised 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 recognised 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 lifted production, against both Cost Oil and Profit Oil, are accounted for on an accrual basis, whilst exploration, development and production costs are accounted for according to the above-mentioned accounting policies. The Company’s share of production volumes and reserves includes the share of hydrocarbons that corresponds to the taxes to be paid, according to the contractual agreement, by the national government on behalf of the Company. As a consequence, the Company has to recognise at the same time an increase in the taxable profit, through the increase of the revenue, and a tax expense. 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 capitalised, consistently with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Significant accounting estimates and judgements: 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 categorised 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 judgement. 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, at least, on an annual basis to confirm the continued intent to develop, or otherwise to extract value from the discovery. Field reserves will be categorised as proved only when all the criteria for attribution of proved status have been met. 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, amortisation and depletion charges and impairment charges. Assuming all other variables are held constant, an increase in estimated proved developed reserves for each field decreases depreciation, amortisation and depletion charge using the UOP method. Conversely, a decrease in estimated proved developed reserves increases depreciation, amortisation 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. |
Description of accounting policy for property, plant and equipment [text block] | Property, plant and equipment Property, plant and equipment, including investment properties, are recognised using the cost model and stated at their purchase price or construction cost including any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. For assets that necessarily take a substantial period of time to get ready for their intended use, the purchase price or construction cost comprises the borrowing costs incurred in the period to get the asset ready for use that would have been avoided if the expenditure had not been made. In the case of a present obligation for dismantling and removal of assets and restoration of sites, the initial carrying amount of an item of property, plant and equipment includes the estimated (discounted) costs to be incurred when the removal event occurs (a corresponding amount is recognised as part of a specific provision). Changes resulting from revisions to the timing or the amount of the original estimate of the provision are accounted for as described in the accounting policy for “Provisions, contingent liabilities and contingent assets”12. Property, plant and equipment are not revalued for financial reporting purposes. Assets held 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 incidental to ownership of the leased asset, are recognised, at the commencement of the lease term, at their 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 financing payable to the lessor is recognised. Expenditures on upgrading, revamping and reconversion are as items of property, plant and equipment when it is probable that they will increase the expected future economic benefits of the asset. Assets acquired for safety or environmental reasons, although not directly increasing the future economic benefits of any particular existing item of property, plant and equipment, qualify for recognition as assets when they are necessary for running the business. Depreciation of tangible assets begins when they are available for use, i.e. when they are in the location and condition necessary for it to be capable of operating as planned. Property, plant and equipment are depreciated on a systematic basis, 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 acquired together with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). Changes in the asset's useful life, in its residual value or in the pattern of consumption of the future economic benefits embodied in the asset, are accounted for prospectively. Assets to be handed over for no consideration are depreciated over the shorter term between the duration of the concession or the asset’s useful life. Replacement costs of identifiable parts in complex assets are capitalised and depreciated over their useful life; the residual carrying amount of the part that has been substituted is charged to the profit and loss account. 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 recognised as an expense as incurred. (12) 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 recognised 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 planning assumptions, in the short and medium term, takes into account the projections of market analysts and, if there is a sufficient liquidity and reliability level, on the forward prices prevailing in the marketplace. 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 recognised in the profit and loss account. The impairment reversal shall not exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. The carrying amount of property, plant and equipment is derecognised on disposal or when no future economic benefits are expected from its use or disposal; the arising gain or loss is recognised 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. 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 recognised 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 amortised on a systematic basis over their useful life; the amount to be amortised and the recoverability of the carrying amount are determined in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. Goodwill and intangible assets with indefinite useful lives are not amortised. 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 13 14 Costs of obtaining a contract with a customer are recognised in the balance sheet if the Company expects to recover those costs. The intangible asset arising from those costs is amortised on a systematic basis, that is consistent with the transfer to the customer of the goods or services to which the asset relates, and is tested for impairment. 15 Costs of technological development activities are when: (i) the cost attributable to the development activity can be measured reliably; (ii) there is the intention and the availability of financial and technical resources to make the asset available for use or sale; and (iii) it can be demonstrated that the asset is able to generate probable future economic benefits. The carrying amount of intangible assets is derecognised on disposal or when no future economic benefits are expected from its use or disposal; any arising gain or loss is recognised in the profit and loss account. |
Description of accounting policy for government grants [text block] | Grants related to assets Government grants related to assets are recognised 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 realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale, or, with reference to inventories of crude oil and petroleum products already included in binding sale contracts, the contractual selling price. Inventories which are principally acquired with the purpose of selling in the near future and generating a profit from fluctuations in price are measured at fair value less costs to sell. 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 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 value, determined adopting the same criteria described for inventories. (13) For the definition of recoverable amount see the accounting policy for “Property, plant and equipment”. (14) Impairment losses recognised in an interim period are not reversed also when, considering conditions existing in a subsequent interim period, they would have been recognised in a smaller amount or would not have been recognised. (15) The previous accounting policies required the capitalisation of directly attributable customer acquisition costs when the following conditions are met: (i) the capitalised 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 revenue from the sales, or, where the customer withdraws from the contract in advance, through the collection of a penalty. |
Significant Accounting Estimates and Judgments for Non Financial Assets [Text Block] | Significant accounting estimates and judgements: impairment of non-financial assets Non-financial assets are impaired whenever events or changes in circumstances 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 utilisation 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 recognised 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 (see also accounting policy for “Income taxes”), which requires complex processes for evaluating the existence of adequate future taxable profit. 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 specialised analysts and on management’s forecasts about the evolution of the supply and demand fundamentals. |
Description of accounting policy for financial instruments [text block] | Financial instruments 16 Financial assets Financial assets are classified, on the basis of both contractual cash flow characteristics and the entity’s business model for managing them, in the following categories: (i) financial assets measured at amortised cost; (ii) financial assets measured at fair value through other comprehensive income (hereinafter also OCI); (iii) financial assets measured at fair value through profit or loss. At initial recognition, a financial asset is measured at its fair value; at initial recognition, trade receivables that do not have a significant financing component are measured at their transaction price. After initial recognition, financial assets whose contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding are measured at amortised cost if they are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows (the so-called hold to collect business model). For financial assets measured at amortised cost, interest income determined using the effective interest rate, foreign exchange differences and any impairment losses 17 (see the accounting policy for “Impairment of financial assets”) are recognised in the profit and loss account. Conversely, financial assets that are debt instruments are measured at fair value through OCI (hereinafter also FVTOCI) if they are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets (the so-called hold to collect and sell business model). In these cases: (i) interest income determined using the effective interest rate, foreign exchange differences and any impairment losses (see the accounting policy for “Impairment of financial assets”) are recognised in the profit and loss account; (ii) changes in fair value of the instruments are recognised in equity, within other comprehensive income. The accumulated changes in fair value, recognised in the equity reserve related to other comprehensive income, is reclassified to the profit and loss account when the financial asset is derecognised. (16) The accounting policies related to financial instruments were defined on the basis of IFRS 9 “Financial Instruments” effective from 2018; as required by the standard, the new requirements have been applied starting from January1, 2018 without restating the prior years under comparison. With reference to the financial instruments held by the Company, the previous accounting policies (see 2017 Annual Report on Form 20-F) required essentially: (i) the classification of financial assets on the basis of the categories under IAS 39; (ii) recognition and measurement of impairment losses if there was objective evidence that an impairment loss had been incurred (the so-called incurred loss model); and (iii) more stringent hedge accounting requirements (mainly referred to the assessment of hedge effectiveness). (17) Receivables and other financial assets measured at amortised cost are presented in the balance sheet net of their loss allowance. A financial asset represented by a debt instrument that is neither measured at amortised cost nor at FVTOCI, is measured at fair value through profit or loss (hereinafter FVTPL); financial assets held for trading fall into this category. Interest income on assets held for trading contributes to the fair value measurement of the instrument and is recognised in “Finance income (expense)”, within “Net finance income (expense) from financial assets held for trading”. When the purchase or sale of a financial asset is under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned, the transaction is accounted for on the settlement date. Impairment of financial assets The expected credit loss model is adopted for the impairment of financial assets that are debt instruments, but are not measured at fair value through profit or loss. In particular, the expected credit losses are generally measured by multiplying: (i) the exposure to the counterparty’s credit risk net of any collateral held and other credit enhancements (Exposure At Default, EAD); (ii) the probability that the default of the counterparty occurs (Probability of Default, PD); and (iii) the percentage estimate of the exposure that will not be recovered in case of default (LGD), considering the past experiences and the range of recovery tools that can be activated (e.g. extrajudicial and/or legal proceedings, etc.). With reference to trade and other receivables, Probabilities of Default of counterparties are determined by adopting the internal credit ratings already used for credit worthiness and are periodically reviewed using, inter alia, back-testing analyses; for government entities (e.g. National Oil Companies), the Probability of Default, represented essentially by the probability of a delayed payment, is determined by using, as input data, the country risk premium adopted to determine WACC for the impairment review of non-financial assets. For customers without internal credit ratings, the expected credit losses are measured by using a provision matrix, defined by grouping, where appropriate, receivables into adequate clusters to which apply expected loss rates defined on the basis of their historical credit loss experiences, adjusted, where appropriate, to take into account forward-looking information on credit risk of the counterparty or clusters of counterparties. 18 Considering the characteristics of the reference markets, financial assets with more than 180 days past due or, in any case, with counterparties undergoing litigation, restructuring or renegotiation, are considered to be in default. Counterparties are considered undergoing litigation when judicial/legal proceedings aimed to recover a receivable have been activated or are going to be activated. Impairment losses of trade and other receivables are recognised in the profit and loss account, net of any impairment reversal, within the line item of the profit and loss account “Net (impairment losses) reversals of trade and other receivables”. The financing receivables held for operating purposes, granted to associates and joint ventures, which in substance form part of the entity’s net investment in these investees, are tested for impairment considering also the underlying industrial operations and the macroeconomic scenarios of the countries where the investees operate. (18) For exposures arising from intragroup transactions, the recovery rate is assumed equal to 100% taking into account the possibility to providecapital injections of investees. Significant accounting estimates and judgements: impairment of financial assets Measuring impairment losses of financial assets requires management evaluation of complex and highly uncertain elements such as, for example, Probabilities of Default of counterparties, the existence of any collaterals or other credit enhancements, the expected exposure that will not be recovered in case of default, as well as the definition of customers' clusters to be adopted. Investments in equity instruments Investments in equity instruments, that are not held for trading, are measured at fair value through other comprehensive income, without subsequent transfer of fair value changes to profit or loss on derecognition of these investments; conversely, dividends from these investments are recognised in the profit and loss account, within the line item “Income (Expense) from investments”. In limited circumstances, an investment in equity instruments can be measured at cost if it is an appropriate estimate of fair value Financial liabilities At initial recognition, financial liabilities, other than derivative financial instruments, are measured at their fair value, minus transaction costs that are directly attributable, and are subsequently measured at amortised cost. |
Description of accounting policy for derivative financial instruments [text block] | Derivative financial instruments and hedge accounting Derivative financial instruments, including embedded derivatives (see below) that are separated from the host contract, are assets and liabilities measured at their fair value. With reference to the defined risk management objectives and strategy, the qualifying criteria for hedge accounting requires: (i) the existence of an economic relationship between the hedged item and the hedging instrument in order to offset the related value changes and the effects of counterparty credit risk do not dominate the economic relationship between the hedged item and the hedging instrument; and (ii) the definition of the relationship between the quantity of the hedged item and the quantity of the hedging instrument (the so-called hedge ratio) consistently with the entity’s risk management objectives, under a defined risk management strategy; the hedge ratio is adjusted, where appropriate, after taking into account any adequate rebalancing. A hedging relationship is discontinued prospectively, in its entirety or a part of it, when it no longer meets the risk management objectives on the basis of which it qualified for hedge accounting, it ceases to meet the other qualifying criteria or after rebalancing it. When derivatives hedge the risk of changes in the fair value of the hedged items (fair value hedge, e.g.hedging of the variability in the fair value of fixed interest rate assets/liabilities), the derivatives are measured at fair value through profit and loss 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 items (cash flow hedge, e.g. hedging the variability in the cash flows of assets/liabilities as a result of the fluctuations of exchange rate), the effective changes in the fair value of the derivatives are initially recognised in the equity reserve related to other comprehensive income and then reclassified to the profit and loss account in the same period during which the hedged transaction affects the profit and loss account. If a hedged forecast transaction subsequently results in the recognition of a non-financial asset or a non-financial liability, the accumulated changes in fair value of hedging derivatives, in equity, are included directly in the carrying amount of the hedged non-financial asset/liability (commonly referred to as a “basis adjustment”). The changes in the fair value of derivatives, that are not designated as hedging instruments, including any ineffective portion of changes in fair value of hedging derivatives, are recognised in the profit and loss account. In particular, the changes in the fair value of non-hedging derivatives on interest rates and exchange rates are recognised in the profit and loss account line item “Finance income (expense)”; conversely, the changes in the fair value of non-hedging derivatives on commodities are recognised in the profit and loss account line item “Other operating (expense) income”. Derivatives embedded in financial assets are no longer accounted for separately; in such circumstances, the entire hybrid instrument is classified depending on the contractual cash flow characteristics of the financial instrument and the business model for managing it (see the accounting policy for “Financial assets”). Derivatives embedded in financial liabilities and/or non-financial assets are separated if: (i) the economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks of the host contract; (ii) a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and (iii) the entire hybrid contract is not measured at FVTPL. 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 recognised 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 realise 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 derecognised when the contractual rights to receive the cash flows from the financial assets expire or are transferred to another party. Financial liabilities are derecognised when they are extinguished, or when the obligation specified in the contract is discharged, cancelled or expired. |
Description of accounting policy for determining components of cash and cash equivalents [text block] | Cash and cash equivalents Cash and cash equivalents include cash on hand, demand deposits, as well as financial assets originally due, generally, within 90 days, readily convertible to known amount of cash and subject to an insignificant risk of changes in value. |
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 on the balance sheet date. Provisions are recognised when: (i) there is a present obligation, legal or constructive, as a result of a past event; (ii) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (iii) the amount of the obligation can be reliably estimated. The amount recognised as a provision is the best estimate of the expenditure required to settle the present obligation or to transfer it to third parties at the balance sheet date. The amount recognised for onerous contracts is the lower of the cost necessary to fulfill the obligations, net of expected economic benefits deriving from the contracts, and any compensation or penalties arising from failure to fulfill these obligations. Where the effect of the time value is material, and the payment date of the obligations can be reasonably estimated, provisions to be accrued are the present value of the expenditures expected to be required to settle the obligation at a discount rate that reflects the Company’s average borrowing rate taking into account the risks associated with the obligation. The increase in the provision due to the passage of time is recognised 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 recognised 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 only when the Company has a detailed formal plan for the restructuring and has raised a valid expectation in the affected parties that it will carry out the restructuring. Provisions are periodically reviewed and adjusted to reflect changes in the estimates of costs, timing and discount rates. Changes in provisions are recognised in the same profit and loss account line item where the original provision was charged, or, when the liability regards tangible assets (e.g. site dismantling and restoration), changes in the provision are recognised with a corresponding entry to the assets to which they refer, to the extent of the assets’ carrying amounts; any excess amount is recognised in the profit and loss account. Contingent liabilities are: (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 liabilities are not in the financial statements, but are disclosed. Contingent assets, that are possible assets arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company, are not recognised unless the realisation of economic benefits is virtually certain. Contingent assets are disclosed when an inflow of economic benefits is probable. Contingent assets are assessed periodically to ensure that developments are appropriately reflected in the financial statements; if it has become virtually certain that an inflow of economic benefits will arise, the asset and the related income are recognised in the financial statements of the period in which the change occurs. Significant accounting estimates and judgements: decommissioning and restoration liabilities, environmental liabilities and other provisions The Group holds provisions for dismantling and removing items of property, plant and equipment, and restoring land or seabed at the end of the oil and gas production activity. Estimating obligations to dismantle, remove and restore items of property, plant and equipment is complex. It requires management to make estimates and 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. Where the effect of the time value of money is material, the amount recognised as provision is the present value of expenditures expected to be required to settle the obligation. After the initial recognition, 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 managerial judgements. 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 recognised when it becomes probable that an outflow of resources will be required to settle the obligation and such obligation 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. In addition to liabilities related to environmental and decommissioning and restoration liabilities, Eni recognises provisions primarily related to legal, trade and tax proceedings. These provisions are estimated on the basis of complex managerial judgements related to the amounts to be recognised and the timing of future cash outflows. After the initial recognition, provisions are periodically reviewed and adjusted to reflect the current best estimate. |
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 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 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 recognised within the statement of comprehensive income. Re-measurements of the net defined benefit liability, recognised whithin other comprehensive income, are not reclassified subsequently to the profit and loss account. Obligations for long-term benefits are determined by adopting actuarial assumptions. The effects of re-measurements are taken to profit and loss account in their entirety. |
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. 19 Significant accounting estimates and judgements: employee benefits and share-based payments Defined benefit plans are evaluated with reference to uncertain events and based upon actuarial assumptions including, among others, discount rates, expected rates of salary increases, mortality rates, estimated retirement dates and medical cost trends. The significant assumptions used to account for defined benefit plans are determined as follows: (i) discount and inflation rates are based on the market yields on high quality corporate bonds (or, in the absence of a deep market of these bonds, on the market yields on government bonds) and on the expected inflation rates in the reference currency area; (ii) the future salary levels of the individual employees are determined including an estimate of future changes attributed to general price levels (consistent with inflation rate assumptions), productivity, seniority and promotion; (iii) healthcare cost trend assumptions reflect an estimate of the actual future changes in the cost of the healthcare related benefits provided to the plan participants and are based on past and current healthcare cost trends, including healthcare inflation, changes in healthcare utilisation 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. (19) The current share-based incentive plan, to be settled by treasury shares, was approved by the shareholders’ meeting held on April 13, 2017. 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. Similarly to the approach followed for the fair value measurement of financial instruments, the fair value of the shares underlying the incentive plans is measured by using complex valuation techniques and identifying, through structured judgements, the assumptions to be adopted. |
Description of accounting policy for treasury shares [text block] | Treasury shares Treasury shares, including shares held to meet the future requirements of the share-based incentive plans, are recognised as deductions from equity at cost. Any gain or loss resulting from subsequent sales is recognised in equity. |
Description Of Accounting Policy For Revenue from contract with the customers [Text Block] | Revenue from contracts with customers 20 Revenue from contracts with customers is recognised on the basis of the following five steps: (i) identifying the contract with the customer; (ii) identifying the performance obligations, that are promises in a contract to transfer goods and/or services to a customer; (iii) determining the transaction price; (iv) allocating the transaction price to each performance obligation on the basis of the relative stand-alone selling prices of each good or service; and (v) recognising revenue when (or as) a performance obligation is satisfied, that is when a promised good or service is transferred to a customer. A promised good or service is transferred when (or as) the customer obtains control of it. Control can be transferred over time or at a point in time. With reference to the most important products sold by Eni, revenue is generally recognised for: • crude oil, upon shipment; • natural gas and electricity, upon delivery to the customer; • petroleum products sold to retail distribution networks, upon delivery to the service stations, whereas all other sales of petroleum products are recognised upon shipment; and • chemical products and other products, upon shipment. Revenue from crude oil and natural gas production from properties in which Eni has an interest together with other producers is recognised on the basis of the quantities actually lifted and sold (sales method); costs are recognised on the basis of the quantities actually sold. 21 Revenue is measured at the fair value of the consideration to which the Company expects to be entitled in exchange for transferring promised goods and/or services to a customer, excluding amounts collected on behalf of third parties. In determining the transaction price, the promised amount of consideration is adjusted for the effects of the time value of money if the timing of payments agreed to by the parties to the contract provides the customer or the entity with a significant benefit of financing the transfer of goods or services to the customer. The promised amount of consideration is not adjusted for the effect of the significant financing component if, at contract inception, it is expected that the period between the transfer of a promised good or service to a customer and when the customer pays for that good or service will be one year or less. If the consideration promised in a contract includes a variable amount, the Company estimates the amount of consideration to which it will be entitled in exchange for transferring the promised goods and/or services to a customer; in particular, the amount of consideration can vary because of discounts, refunds, incentives, price concessions, performance bonuses, penalties or if the price is contingent on the occurrence or non-occurrence of future events. (20) The previous accounting policies about revenue are described in the 2017 Annual Report on Form 20-F. (21) In accordance with the previous accounting policy (entitlement method), revenue from crude oil and natural gas production from properties in which Eni has an interest together with other producers were recognised on the basis of Eni’s net working interest in those properties. In the balance sheet, lifting imbalances were recognised respectively as payables and receivables and measured at current prices at the balance sheet date. If, in a contract, the Company grants a customer the option to acquire additional goods or services for free or at a discount (for example sales incentives, customer award points, etc.), this option gives rise to a separate performance obligation in the contract only if the option provides a material right to the customer that it would not receive without entering into that contract. When goods or services are exchanged for goods or services are of a similar nature and value, the exchange is not regarded as a transaction which generates revenue. Significant accounting estimates and judgements: revenue from contracts with customers Revenue from sales of electricity and gas to retail customers includes amount accrued for electricity and gas supplied between the date of the last invoiced meter reading (actual or estimated) of volumes consumed and the end of the year. These estimates consider information provided by the grid managers about the volumes allocated among the customers of the secondary distribution network, about the actual and estimated volumes consumed by customers, as well as they rely on other factors, considered by the management, which can impact on them. Therefore, revenue is accrued as a result of a complex estimate based on the volumes distributed and allocated, communicated by third parties, likely to be adjusted, according to applicable regulations, within the fifth year following the one in which they are accrued. Considering the contractual obligations on the supply delivery points, revenue from sales of electricity and gas to retail customers includes costs for transportation and dispatching and in these cases the gross amount of consideration to which the entity is entitled is recognised. |
Description for accounting policy for costs [Text block] | Costs Costs are recognised when the related goods and services are sold or consumed during the year, when they are allocated on a systematic basis or when their future economic benefits cannot be identified. Costs associated with emission quotas, determined on the basis of the market prices, are recognised in relation to the amounts of the carbon dioxide emissions that exceed free allowances. Costs related to the purchase of the emission rights that exceed the amount necessary to meet regulatory obligations, are recognised as intangible assets. Revenue related to emission quotas is recognised when they are sold and, if applicable, purchased emission rights are considered the first to be sold. Monetary receivables granted to replace the free award emission rights are recognised as a contra to the line item “Other income and revenues”. Lease payments under an operating lease are recognised 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 capitalised (see also the accounting policy for “Intangible assets”), are included in the profit and loss account when they are incurred. |
Description of accounting policy for functional currency [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 recognised. Non-monetary assets and liabilities denominated in foreign currencies, measured at cost, are not retranslated subsequent to initial recognition. Non-monetary items measured at fair value, recoverable amount or net realisable value are retranslated using the exchange rate at the date when the value is determined. |
Description of accounting policy for dividends [text block] | Dividends Dividends are recognised 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 profit. The estimated liability is included in “Income tax payables”. 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 recognised for temporary differences arising between the carrying amounts of the assets and liabilities and their tax bases, based on tax rates and tax laws that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets are recognised when their recoverability is considered probable, i.e. when it is probable that sufficient taxable profit will be available in the same year as the reversal of the deductible temporary difference. Similarly, deferred tax assets for the carry-forward of unused tax credits and unused tax losses are recognised to the extent that their recoverability is probable. The carrying amount of the deferred tax assets is reviewed, at least, on an annual basis. Income tax assets, that are uncertain in the amount to be recovered, are recognised in accordance with 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 recognised if the investor is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are presented within non-current assets and liabilities and are offset at a single entity level if related to off-settable taxes. The balance of the offset, if positive, is recognised in the line item “Deferred tax assets” and, if negative, in the line item “Deferred tax liabilities”. When the results of transactions are recognised 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 amounts will be recovered principally through a sale transaction rather than through their continuing use. This condition is regarded as met only when the sale is highly probable and the asset or the disposal group is available for immediate sale in its present condition. When there is a sale plan involving loss of control of a subsidiary, all the assets and liabilities of that subsidiary are classified as held for sale, regardless of whether a non-controlling interest in its former subsidiary will be retained after the sale. Non-current assets held for sale, current and non-current assets included within disposal groups that have been classified as held for sale and the liabilities directly associated with them are recognised in the balance sheet separately from other assets and liabilities. Immediately before the initial classification of a non-current asset and/or a disposal group as held for sale, the non-current asset and/or the assets and liabilities in the disposal group are measured in accordance with applicable IFRSs. Subsequently, non-current assets held for sale are not depreciated or amortised and they are measured at the lower of the fair value less costs to sell and their carrying amount. If an equity-accounted investment, or a portion of that investment meets the criteria to be classified as held for sale, it is no longer accounted for using the equity method; and is measured at the lower of its carrying amount at the date the equity method is discontinued, and its fair value less costs to sell. Any retained portion of the equity-accounted investment that has not been classified as held for sale is accounted for using the equity method until disposal of the portion that is classified as held for sale takes place. After the disposal takes place, any retained interest in the investee is measured in accordance with the measurement criteria indicated in the accounting policy for “— Investments in equity instruments”, 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 recognised up to the cumulative impairment losses, including those recognised prior to qualification of the asset as held for sale. Non-current assets classified as held for sale and disposal groups, are considered a discontinued operation if, alternatively: (i) represent a separate major line of business or geographical area of operations; (ii) are part of a disposal program of a separate major line of business or geographical area of operations; or (iii) are a subsidiary acquired exclusively with a view to resale. The results of discontinued operations, as well as any gain or loss recognised on the disposal, are indicated in a separate line item of the profit and loss account, net of the related tax effects; the economic figures of discontinued operations are indicated also for prior periods presented in the financial statements. If events or circumstances occur that no longer allow to classify a non-current asset or a disposal group as held for sale, the non-current asset or the disposal group is reclassified into the original line items of the balance sheet and measured at the lower of: (i) its carrying amount at the date of classification as held for sale adjusted for any depreciation, impairment losses and reversals that would have been had the asset or disposal group not been classified as held for sale, and (ii) its recoverable |
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 maximise the value of the asset. The fair value of a liability, both financial and non-financial, or of the Company’s own equity instrument, in the absence of a quoted price, is measured from the perspective of a market participant that holds the identical item as an asset at the measurement date. The fair value of financial instruments takes into account the ’s credit risk for a financial asset (Credit Valuation Adjustment, CVA) and the own credit risk for a financial liability (Debit Valuation Adjustment, DVA). In the absence of available market quotation, fair value is measured by using valuation techniques that are appropriate in the circumstances, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. Significant accounting estimates and judgements: fair value Fair value measurement, although based on the best available information and on the use of appropriate valuation techniques, is inherently uncertain, requires the use of professional judgement and could result in expected values other than the actual ones. |
Significant accounting polici_3
Significant accounting policies, estimates and judgements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Significant Accounting Policies Estimates And Judgements [Abstract] | |
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 Exchange Annual Exchange Annual Exchange U.S. Dollar 1.18 1.15 1.13 1.20 1.11 1.05 Pound Sterling 0.88 0.89 0.88 0.88 0.82 0.86 Norwegian Krone 9.60 9.94 9.33 9.83 9.29 9.09 Australian Dollar 1.58 1.62 1.47 1.53 1.49 1.46 |
Changes in accounting policies
Changes in accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Changes In Accounting Policies [Abstract] | |
Disclosure And Detailed Information About Initial Effects And Adjustment On Financial Position Table [Text Block] | The breakdown of the abovementioned quantitative effects and reclassifications 24 as of January 1, 25 , of IFRS 9 and IFRS 15, is as follows: (€ million) Selected line items only December 31, Adoption of Adoption of Reclassifications Total effect of the As restated Current assets 36,433 (427 ) (372 ) (799 ) 35,634 - of which: Financial assets held 6,012 207 207 6,219 - of which: Financial assets 207 (207 ) (207 ) - of which: Other current 316 316 - of which: Trade and other 15,421 (427 ) (372 ) (466 ) (1,265 ) 14,156 - of which: Other current assets 1,573 466 466 2,039 Non-current assets 78,172 721 247 968 79,140 - of which: Intangible assets 2,925 87 87 3,012 - of which: Equity-accounted 3,511 (31 ) (6 ) (37 ) 3,474 - of which: Other investments 219 681 681 900 - of which: Deferred tax assets 4,078 71 166 237 4,315 Current liabilities 24,735 (113 ) (113 ) 24,622 - of which: Trade and other 16,748 (113 ) (1,330 ) (1,443 ) 15,305 - of which: Other current 1,515 1,330 1,330 2,845 Non-current liabilities 42,027 37 37 42,064 - of which: Deferred tax 5,900 37 37 5,937 Shareholders’ equity 48,079 294 (49 ) 245 48,324 |
Disclosure Of Detailed Information of Reclassification Of Financial Assets In Accordance With IFRS 9 [Table Text Block] | For each kind of financial assets adjusted/reclassified upon the initial application of IFRS 9, the table below provides for the following information: (i) the original measurement category determined in accordance with IAS 39; (ii) the new measurement category determined in accordance with IFRS 9; (iii) the carrying amounts determined in accordance with IAS 39, recognised as of December 31, 2017, and the carrying amounts determined in accordance with IFRS 9 as of January 1, 2018: Carrying Carrying Classification Classification amount Other amount (€ million) under IAS 39 under IFRS 9 under IAS 39 Adjustments Reclassifications changes (*) under IFRS 9 Financial assets Financial assets held for trading Held for trading FVTPL 6,012 207 6,219 Financial assets available for sale Available-for-sale FVTPL 207 (207 ) Trade and other receivables(**) Financing receivables Amortized cost 15,421 (427 ) (838 ) 14,156 Other investments Cost FVTOCI 219 681 900 Total 21,859 254 (838 ) 21,275 (*) Other changes result from the effects related to a different classification under IFRS 15 of receivables for underlifting which have been reclassified as other assets in application of the sales method (**) Compared to the values presented in the balance sheet at December 31, 2017, the item no longer includes financial receivables, which have been reclassified under the new item “Other current financial assets” |
IFRSs not yet adopted (Tables)
IFRSs not yet adopted (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Ifrss Not Yet Adopted [Abstract] | |
Disclosure Of Lease Liability [Table Text Block] | Based on of the currently available information, a reconciliation between the amount of future minimum lease payments under non-cancellable operating leases at December 31, 2018 and the opening balance of the lease liability at January 1, 2019 is provided below: (€ billion) Future minimum lease payments under non-cancellable operating leases at December 31, 2018 4.0 - Recognition of the shares of leases related to followers 2.0 - Effect of discounting (1.5 ) - Extension options 1.2 - Other changes 0.1 Lease liability at January 1, 2019 5.8 |
Financial assets held for tra_2
Financial assets held for trading (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Detailed Information about Financial Assets Held for Trading [text block] | (€ million) December 31, 2018 December 31, 2017 Quoted bonds issued by sovereign states 1,083 1,022 Other 5,469 4,990 6,552 6,012 |
Disclosure of Detailed Information about Financial Assets Held for Trading For Currency [text block] | The breakdown by currency is provided below: (€ million) December 31, 2018 December 31, 2017 Euro 4,573 4,232 U.S. dollars 1,614 1,025 Other currencies 365 755 6,552 6,012 |
Financial Assets Held for Trading [Member] | |
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 523 529 Baa3 BBB Other (*) 336 349 from Aaa to Baa3 from AAA to BBB- 859 878 Floating rate bonds Italy 130 129 Baa3 BBB Other (*) 86 76 from Aaa to Baa3 from AAA to BBB- 216 205 Total quoted bonds issued by sovereign states 1,075 1,083 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,628 1,581 from Aa2 to Baa3 from AA to BBB- Quoted bonds issued by financial and insurance companies 1,270 1,269 from Aaa to Baa3 from AAA to BBB- Other 51 48 from A1 to Baa3 from A+ to BBB- 2,949 2,898 Floating rate bonds Quoted bonds issued by financial and insurance companies 1,562 1,453 from Aaa to Baa3 from AAA to BBB- Quoted bonds issued by industrial companies 987 976 from Aa2 to Baa2 from AA to BBB Other 158 142 from Aa3 to Baa3 from AA- to BBB- 2,707 2,571 Total other bonds 5,656 5,469 Total other financial assets held for trading 6,731 6,552 (*) Individual amounts included herein are lower than €50 million. |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Trade And Other Receivables [Abstract] | |
Disclosure of detailed information about effects of application of IFRS 9 and IFRS 15 on Trade and Other Receivables [text block] | As of January 1, 2018, the effects of the application of IFRS 9 and IFRS 15 are the following: (€ million) Trade and other receivables Amount as of 31 December 2017 15,421 Changes in accounting policies (IFRS 9) (427 ) Changes in accounting policies (IFRS 15) (372 ) Reclassification to other current asssets (IFRS 15) (466 ) Amount as of 1 January 2018 14,156 |
Disclosure of detailed information about other receivables [text block] | The following is the analysis of trade and other receivables: (€ million) December 31, 2018 December 31, 2017 Trade receivables 9,520 10,182 Receivables from divestments 122 597 Receivables from operators in E&P activities 3,024 3,369 Other receivables 1,435 1,273 14,101 15,421 |
Disclosure of internal credit grades [text block] | Credit risk exposure and expected losses relating to trade and other receivables has been prepared on the basis of internal ratings as follows: Performing receivables Defaulted Eni gas e luce (€ million) Low risk Medium Risk High Risk receivables customers Total December 31, 2018 Business customers 2,454 3,585 1,152 1,350 8,541 National Oil Companies and public administrations 1,292 157 672 2,217 4,338 Other counterparties 1,494 77 156 271 2,374 4,372 Gross amount 5,240 3,819 1,980 3,838 2,374 17,251 Allowance for doubtful accounts (9 ) (3 ) (44 ) (2,237 ) (857 ) (3,150 ) Net amount 5,231 3,816 1,936 1,601 1,517 14,101 Expected loss (% net of counterpart risk mitigation factors) 0.2 0.1 2.6 62.5 36.1 |
Disclosure of provision matrix [text block] | The exposure to credit risk and expected losses relating to customers of Eni gas e luce was assessed on the basis of a provision matrix as follows: Ageing ( Not-past due from 0 from 3 from 6 over Total December 31, 2018 Customers – Eni gas e luce: - Retail 575 49 34 64 554 1,276 - Middle 449 43 13 29 349 883 - Other 207 2 1 2 3 215 Gross amount 1,231 94 48 95 906 2,374 Allowance for doubtful accounts (20 ) (18 ) (18 ) (56 ) (745 ) (857 ) Net amount 1,211 76 30 39 161 1,517 Expected loss (%) 1.6 19.1 37.5 58.9 82.2 36.1 |
Disclosure of allowance for credit losses [text block] | Trade and other receivables are stated net of the valuation allowance for doubtful accounts which has been determined considering the counterparty risk mitigation factors amounting to € 3,072 (€ million) Trade and other receivables Carrying amount at December 31, 2017 2,639 Changes in accounting policies (IFRS 9) 427 Carrying amount at January 1, 2018 3,066 Additions on trade and other performing receivables 126 Additions on trade and other defaulted receivables 372 Deductions on trade and other performing receivables (189 ) Deductions on trade and other defaulted receivables (532 ) Other changes 307 Carrying amount at December 31, 2018 3,150 Carrying amount at December 31, 2016 2,303 Additions 927 Deductions (454 ) Other changes (137 ) Carrying amount at December 31, 2017 2,639 |
Disclosure of impairment loss on financial assets | Net (impairment losses) reversals of trade and other receivables are disclosed as follows: (€ million) 2018 Net (impairment losses) reversals of trade and other receivables New or increased provisions (498 ) Credit losses (37 ) Reversal of unutilized provisions 120 (415 ) |
Disclosure of detailed information about ageing of trade and other receivable | December 31, 2017 (€ million) Trade receivables Other receivables Neither impaired nor past due 8,800 4,604 Impaired (net of the valuation for doubtful accounts) 567 31 Not impaired and past due: - within 90 days 478 21 - from 3 to 6 months 46 9 - from 6 to 12 months 147 202 - over 12 months 144 372 815 604 10,182 5,239 |
Non-current and current inven_2
Non-current and current inventories (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Inventories [Abstract] | |
Disclosure Of Detailed Information About Inventories [text block] | (€ million) December 31, 2018 December 31, 2017 Raw and auxiliary materials and consumables 889 999 Materials and supplies 1,451 1,566 Finished products and goods 2,274 2,000 Certificates and emission rights 37 56 4,651 4,621 |
Current income tax receivable_2
Current income tax receivables and payables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Current Tax Assets [Abstract] | |
Disclosure Of Detailed Information About Current Tax Assets [text block] | December 31, 2018 December 31, 2017 (€ million) Receivables Payables Receivables Payables Income taxes 191 440 191 472 Other taxes and duties 561 1,432 729 1,472 752 1,872 920 1,944 |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Other Current Assets [Abstract] | |
Disclosure Of Detailed Information About Other Current Assets [text block] | (€ million) December 31, 2018 December 31, 2017 Current Non-current Current Non-current Fair value of derivative financial instruments 1,594 68 1,231 80 Other current assets 664 724 342 1,243 2,258 792 1,573 1,323 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Property Plant And Equipment Explanatory [Abstract] | |
Disclosure of detailed information about property, plant and equipment [text block] | Other tangible E&P wells, E&P exploration E&P tangible assets in Land and plant and Other plant assets and assets in progress and (€ million) buildings machinery and machinery appraisal progress advances Total 2018 Net carrying 1,313 45,782 3,877 1,371 9,469 1,346 63,158 Additions 18 432 173 330 6,947 878 8,778 Depreciation (65 ) (6,012 ) (529 ) (6,606 ) Reversals 41 299 86 426 Impairments (61 ) (477 ) (73 ) (548 ) (117 ) (1,276 ) Write-off (12 ) (1 ) (66 ) (4 ) (1 ) (84 ) Disposals (2 ) (400 ) (9 ) (32 ) (198 ) 2 (639 ) Currency translation differences 2 1,623 36 53 385 (1 ) 2,098 Decrease through loss of control of subsidiary 1 (4,388 ) 32 (58 ) (474 ) 10 (4,877 ) Transfers 81 6,795 461 (294 ) (6,501 ) (542 ) Other changes (54 ) (786 ) (152 ) (37 ) 119 234 (676 ) Net carrying amount – end of the year 1,274 42,856 3,901 1,267 9,195 1,809 60,302 Gross carrying amount – end of the year 4,060 135,467 27,516 1,267 12,559 2,415 183,284 Provisions for depreciation and impairments 2,786 92,611 23,615 3,364 606 122,982 2017 Net carrying amount – beginning of the year 1,258 47,090 3,789 1,905 15,135 1,616 70,793 Additions 22 42 190 351 7,302 583 8,490 Depreciation (71 ) (6,583 ) (545 ) (7,199 ) Reversals 5 608 273 169 1,055 Impairments (2 ) (491 ) (83 ) (146 ) (126 ) (848 ) Write-off (3 ) (2 ) (232 ) (2 ) (239 ) Disposals (15 ) 3 (6 ) (1,376 ) (54 ) (1,448 ) Currency translation differences (5 ) (5,155 ) (143 ) (193 ) (1,527 ) (2 ) (7,025 ) Transfers 84 9,940 629 (265 ) (9,673 ) (715 ) Other changes 37 331 (225 ) (195 ) (413 ) 44 (421 ) Net carrying amount – end of the year 1,313 45,782 3,877 1,371 9,469 1,346 63,158 Gross carrying amount – end of the year 4,061 137,223 26,746 1,371 12,315 2,061 183,777 Provisions for depreciation and impairments 2,748 91,441 22,869 2,846 715 120,619 |
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 detailed information about stratification of the suspended wells pending final determination of proved reserves aging [text block] | (€ million) 2018 2017 2016 Costs for exploratory wells suspended – beginning of the period 1,263 1,684 1,737 Increases for which is ongoing the determination of proved reserves 235 451 282 Amounts previously capitalized and expensed in the period (61) (217) (109) Reclassification to successful exploratory wells following the estimation of proved reserves (297) (278) (276) Disposals (6) (199) Decrease through loss of control of subsidiary (58) Reclassification to assets held for sale (24) Currency translation differences 49 (178) 50 Costs for exploratory wells suspended – end of the period 1,101 1,263 1,684 The following information relates to the stratification of the suspended wells pending final determination (ageing): 2018 2017 2016 (€ million) (number of (€ million) (number of (€ million) (number of Costs capitalized and suspended for - within 1 year 111 7.02 222 7.95 16 1.05 - between 1 and 3 years 87 2.88 241 3.87 609 10.25 - beyond 3 years 903 24.20 800 21.44 1,059 21.55 1,101 34.10 1,263 33.26 1,684 32.85 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 111 7.02 148 5.88 9 0.55 - fields for which the delineation campaign is in progress 217 4.66 261 4.69 251 3.51 - fields including commercial discoveries that proceeds to sanctioning 773 22.42 854 22.69 1,424 28.79 1,101 34.10 1,263 33.26 1,684 32.85 |
Disclosure Of Detailed Information About Unproved Mineral Interests [text block] | Unproved mineral interests include the purchase price allocated to unproved reserves following business combinations or acquisition of individual properties. Unproved mineral interests were as follows: (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt United Arab Total 2018 Book amount at the beginning of the year 1,162 825 192 99 105 7 2,390 Additions 26 56 23 487 592 Net (impairments) reversals (429) (76) (505) Reclassification to proved mineral interest (32) (44) (32) (2) (110) Other changes and currency translation differences 42 40 5 4 4 1 15 111 Book amount at the end of the year 769 921 77 103 77 29 502 2,478 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 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Disclosure of detailed information about intangible assets [text block] | (€ million) Exploration Industrial Other Intangible Goodwill Total 2018 Net carrying amount – beginning of the year 995 240 486 1,721 1,204 2,925 Changes in accounting policies (IFRS 9 and 15) 87 87 87 Net carrying amount restated – beginning of the year 995 240 573 1,808 1,204 3,012 Additions 133 28 180 341 341 Amortization (71 ) (87 ) (226 ) (384 ) (384 ) Impairments (16 ) (16 ) (16 ) Write-off (15 ) (1 ) (16 ) (16 ) Currency translation differences 39 39 8 47 Change through loss of control of subsidiary 74 74 46 120 Other changes 40 40 26 66 Net carrying a 1,081 221 584 1,886 1,284 3,170 Gross carrying 1,686 1,534 4,188 7,408 Provisions for amortization and impairment 605 1,313 3,604 5,522 2017 Net carrying a 1,092 259 598 1,949 1,320 3,269 Additions 91 17 83 191 191 Amortization (65 ) (84 ) (137 ) (286 ) (286 ) Reversals 32 32 32 Impairments (14 ) (14 ) (14 ) Write-off (24 ) (24 ) (24 ) Currency translation differences (115 ) (1 ) (2 ) (118 ) (23 ) (141 ) Other changes (2 ) 49 (56 ) (9 ) (93 ) (102 ) Net carrying amount – end of the year 995 240 486 1,721 1,204 2,925 Gross carrying 1,504 1,466 3,778 6,748 Provisions for amortization and impairment 509 1,226 3,292 5,027 |
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 Capitalized costs for customer acquisition 25 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, 2018 December 31, 2017 Gas & Power 977 932 Exploration & Production 187 179 Refining & Marketing 119 93 Other activities 1 1,284 1,204 |
Disclosure of goodwill outstanding relate with Gas power [Table 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, 2018 December 31, 2017 Domestic gas market 835 835 European gas market 142 97 977 932 |
Intangible exploration and evaluation assets [member] | |
Disclosure Of Intangible Assets Explanatory [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, 2018 December 31, 2017 Proved licence and leasehold property acquisition costs 357 403 Unproved licence and leasehold property acquisition costs 684 586 Other mineral interests 40 6 1,081 995 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Investments [Abstract] | |
Disclosure of investments accounted for using equity method [text block] | Equity-accounted investments 2018 2017 (€ million) Investments in unconsolidated Joint Associates Total Investments in unconsolidated Joint Associates Total Carrying amount – beginning of the year 116 2,332 1,063 3,511 168 2,675 1,197 4,040 Changes in accounting policies (IFRS 9 and 15) (34 ) (3 ) (37 ) Carrying amount restated – beginning of the year 116 2,298 1,060 3,474 168 2,675 1,197 4,040 Additions and subscriptions 28 92 120 63 444 507 Divestments and reimbursements (33 ) (3 ) (115 ) (151 ) (462 ) (462 ) Share of profit of equity-accounted investments 8 16 385 409 9 49 66 124 Share of loss of equity-accounted investments (5 ) (415 ) (10 ) (430 ) (7 ) (340 ) (6 ) (353 ) Deduction for dividends (6 ) (19 ) (25 ) (50 ) (32 ) (41 ) (13 ) (86 ) Changes in the scope of consolidation 3,448 3,448 2 2 Currency translation differences 2 25 54 81 (13 ) (127 ) (128 ) (268 ) Other changes 13 119 11 143 (11 ) 53 (35 ) 7 Carrying amount – end of the year 95 5,497 1,452 7,044 116 2,332 1,063 3,511 |
Disclosure of detailed information about entity wise equity-accounted investments [text block] | Net carrying amount of equity-accounted investments in related to the following: December 31, 2018 December 31, 2017 (€ million) Net carrying % of the Net carrying % of the Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 31 100.00 63 100.00 Other investments (*) 64 53 95 116 Joint ventures Vår Energi AS 3,498 69.60 Saipem SpA 1,228 30.99 1,413 31.00 Unión Fenosa Gas SA 335 50.00 350 50.00 Gas Distribution Company of Thessaloniki – Thessaly SA 137 49.00 137 49.00 Cardón IV SA 98 50.00 Lotte Versalis Elastomers Co Ltd 75 50.00 114 50.00 PetroJunín SA 47 40.00 210 40.00 AET – Raffineriebeteiligungsgesellschaft mbH 32 33.33 32 33.33 Other investments (*) 47 76 5,497 2,332 Associates Angola LNG Ltd 1,106 13.60 802 13.60 Coral FLNG SA 102 25.00 54 25.00 Novamont SpA 67 25.00 71 25.00 United Gas Derivatives Co 62 33.33 82 33.33 Commonwealth Fusion Systems Llc 42 33.72 Other investments (*) 73 54 1,452 1,063 7,044 3,511 |
Disclosure of detailed information about the market value of the investments listed in stock markets [text block] | As of December 31, 2018 , the market value of the investments listed in regulated stock markets was as follows: Saipem SpA Number of shares held 308,767,968 % of the investment 30.99 Share price (€) 3.265 Market value (€ million) 1,008 Book value (€ million) 1,228 |
Disclosure of investments other than investments accounted for using equity method [text block] | Other investments (€ million) 2018 2017 Carrying amount – beginning of the year 219 276 Changes in accounting policies (IFRS 9) 681 Carrying amount restated – beginning of the year 900 276 Additions and subscriptions 5 3 Change in the fair value 15 Divestments and reimbursements (22 ) (19 ) Currency translation differences 31 (23 ) Other changes (10 ) (18 ) Carrying amount – end of the year 919 219 |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Financial Assets Explanatory [Abstract] | |
Disclosure of detailed information about other financial assets [text Block] | December 31, 2018 December 31, 2017 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 61 1,189 23 1,602 Short-term financing receivables held for operating purposes 51 84 112 1,189 107 1,602 Financing receivables held for non-operating purposes 188 209 300 1,189 316 1,602 Securities held for operating purposes 64 73 300 1,253 316 1,675 |
Disclosure of allowance for credit losses other financial assets [text block] | Financing receivables are stated net of allowance for doubtful accounts as follows: (€ million) Allowance for Carrying amount at December 31, 2017 730 Additions 279 Deductions (596) Currency translation differences 17 Carrying amount at December 31, 2018 430 |
Disclosure of detailed information about analyses securities per issuing entity [text block] | The following table analyses securities per issuing entity: Amortized (€ million ) Nominal Fair Nominal Maturity Rating- Rating- Sovereign states Fixed rate bonds Italy 24 24 25 from 0.20 to 4.75 from 2019 to 2025 Baa3 BBB Others (*) 29 29 29 from 0.05 4.40 from 2019 to 2023 from Aa3 to Baa1 from AA to A- Floating rate bonds Italy 8 8 8 from 2019 to 2020 Baa3 BBB Others (*) 3 3 3 2022 Baa3 BBB- Total sovereign states 64 64 65 |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Trade And Other Payables [Abstract] | |
Disclosure of detailed information about trade and other payables [text block] | As of January 1, 2018, the effects of the application of IFRS 15 are the followings: (€ million) Trade Down payments Down payments joint venture partners in exploration and production Other payables Trade and Carrying amount at December 31, 2017 10,890 545 252 5,061 16,748 Changes in accounting principles (IFRS 15) (113 ) (113 ) Reclassification to other current liabilities (IFRS 15) (545 ) (785 ) (1,330 ) Carrying amount at January 1, 2018 10,890 252 4,163 15,305 |
Disclosure of detailed information of other current payables [text block] | The break-down of trade and other payables is the following: (€ million) December 31, 2018 December 31, 2017 Trade payables 11,645 10,890 Down payments and advances from customers 545 Down payments and advances from partners in exploration & production activities 207 252 Payables for purchase of non-current assets 2,530 2,094 Payables due to partners in exploration & production activities 1,151 1,968 Other payables 1,214 999 16,747 16,748 |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Other Liabilities Explanatory [Abstract] | |
Disclosure of detailed information about Other liabilities [Text Block] | December 31, 2018 December 31, 2017 (€ million) Current Non-current Current Non-current Fair value of derivatives financial instruments 1,445 40 1,011 91 Liabilities from contracts with customers 1,108 518 Cautionary deposits 268 255 Other liabilities 1,427 676 504 1,133 3,980 1,502 1,515 1,479 |
Financial liabilities (Tables)
Financial liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statements [Line Items] | |
Disclosure of reconciliation of liabilities arising from financing activities [text block] | (€ million) Long-term debt and current portion of long-term debt Short-term debt Total Carrying amount at December 31, 2017 22,465 2,242 24,707 Cash flows 1,033 (713 ) 320 Currency translation differences 126 188 314 Changes in the scope of consolidation 494 494 Other non-monetary changes 59 (29 ) 30 Carrying amount at December 31, 2018 23,683 2,182 25,865 |
Fair value [Member] | |
Statements [Line Items] | |
Disclosure of detailed information about borrowings [text block] | Fair value of long-term debt, including the current portion of long-term debt is described below: (€ million) December 31, 2018 December 31, 2017 Ordinary bonds 20,257 19,219 Convertible bonds 399 410 Banks 3,445 4,021 Other financial institutions 111 114 24,212 23,764 |
By Currency [Member] | |
Statements [Line Items] | |
Disclosure of detailed information about borrowings [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, 2018 December 31, 2017 Short term debt (€ million) Average rate (%) Long term debt and current portion of long term debt (€ million) Average rate (%) Short term debt (€ million) Average rate (%) Long term debt and current portion of long term debt (€ million) Average rate (%) Euro 680 1.9 18,635 2.3 904 0.5 20,094 2.4 U.S. dollar 1,007 2.5 4,530 4.3 1,329 1.8 1,694 4.8 Other currencies 495 1.0 518 4.2 9 (0.7 ) 677 4.7 2,182 23,683 2,242 22,465 |
Long term and current portion of long term borrowings [Member] | |
Statements [Line Items] | |
Disclosure of detailed information about borrowings [text block] | December 31, 2018 December 31, 2017 (€ million) Short-term debt Current portion of long-term debt Long-term debt Total Short-term debt Current portion of long-term debt Long-term debt Total Banks 383 768 2,710 3,861 201 801 3,200 4,202 Ordinary bonds 2,781 16,923 19,704 1,445 16,520 17,965 Convertible bonds 390 390 387 387 Commercial papers 915 915 1,664 1,664 Other financial institutions 884 52 59 995 377 40 72 489 2,182 3,601 20,082 25,865 2,242 2,286 20,179 24,707 |
Long term and current portion of long term borrowings [Member] | Maturity [Member] | |
Statements [Line Items] | |
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, 2018 by maturity: Long-term debt (€ million) 2020 2021 2022 2023 After Total Banks 556 345 393 829 587 2,710 Ordinary bonds 2,391 921 698 1,858 11,055 16,923 Convertible bonds 390 390 Other financial institutions 9 10 9 11 20 59 2,956 1,276 1,490 2,698 11,662 20,082 |
Ordinary Bonds [Member] | Maturity [Member] | |
Statements [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, 2018: Discount Maturity Rate % (€ million) Amount accrued Total Currency from to from to Issuing entity Euro Medium Term Notes Eni SpA 1,500 17 1,517 EUR 2019 4.125 Eni SpA 1,200 16 1,216 EUR 2025 3.750 Eni SpA 1,000 38 1,038 EUR 2020 4.250 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 9 1,009 EUR 2023 3.250 Eni SpA 1,000 8 1,008 EUR 2026 1.500 Eni SpA 900 (5 ) 895 EUR 2024 0.625 Eni SpA 800 2 802 EUR 2021 2.625 Eni SpA 800 (1 ) 799 EUR 2028 1.625 Eni SpA 750 14 764 EUR 2019 3.750 Eni SpA 750 8 758 EUR 2024 1.750 Eni SpA 750 5 755 EUR 2027 1.500 Eni SpA 700 1 701 EUR 2022 0.750 Eni SpA 650 2 652 EUR 2025 1.000 Eni SpA 600 (5 ) 595 EUR 2028 1.125 Eni Finance International SA 335 15 350 GBP 2019 2021 4.750 5.000 Eni Finance International SA 295 4 299 EUR 2028 2043 3.875 5.441 Eni Finance International SA 167 167 YEN 2019 2037 1.955 2.810 Eni Finance International SA 1,528 5 1,533 USD 2026 2027 variable 16,725 179 16,904 Other bonds Eni SpA 873 2 875 USD 2023 4.000 Eni SpA 873 1 874 USD 2028 4.750 Eni SpA 393 4 397 USD 2020 4.150 Eni SpA 305 1 306 USD 2040 5.700 Eni USA Inc 349 (1 ) 348 USD 2027 7.300 2,793 7 2,800 19,518 186 19,704 |
Convertible Bonds [Member] | Maturity [Member] | |
Statements [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, 2018: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Eni SpA 400 (10) 390 EUR 2022 0.000 |
Information on net borrowings (
Information on net borrowings (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Information on net borrowings [Abstract] | |
Disclosure of detailed information of net borrowings [Text Block] | Management believes that net borrowings is a useful measure of Eni’s financial condition as it provides insight about the soundness of Eni’s capital structure and the ways by which Eni’s operating assets are financed. December 31, 2018 December 31, 2017 (€ million) Current Non-current Total Current Non-current Total A. Cash and cash equivalents 10,836 10,836 7,363 7,363 B. Held-for-trading financial assets 6,552 6,552 6,012 6,012 C. Available-for-sale financial assets 207 207 D. Liquidity (A+B+C) 17,388 17,388 13,582 13,582 E. Financing receivables 188 188 209 209 F. Short-term debt towards banks 383 383 201 201 G. Long-term debt towards banks 768 2,710 3,478 801 3,200 4,001 H. Bonds 2,781 17,313 20,094 1,445 16,907 18,352 I. Short-term debt towards related parties 661 661 164 164 L. Other short-term liabilities 1,138 1,138 1,877 1,877 M. Other long-term liabilities 52 59 111 40 72 112 N. Total borrowings (F+G+H+I+L+M) 5,783 20,082 25,865 4,528 20,179 24,707 O. Net borrowings (N-D-E) (11,793 ) 20,082 8,289 (9,263 ) 20,179 10,916 |
Provisions for contingencies (T
Provisions for contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Provisions for contingencies [Member] | |
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |
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 losses on investments Provision for OIL insurance cover Provision for redundancy incentives Provision for disposal and restructuring Provision for onerous contracts Other(*) Total Carrying amount at December 31, 2017 8,126 2,653 1,107 527 205 182 76 140 65 60 306 13,447 New or increased provisions 299 148 73 493 48 51 9 19 223 1,363 Initial recognition and changes in estimates (502 ) (502 ) Accretion discount 259 (12 ) 2 249 Reversal of utilized provisions (190 ) (287 ) (214 ) (118 ) (481 ) (17 ) (14 ) (22 ) (100 ) (1,443 ) Reversal of unutilized provisions (33 ) (289 ) (31 ) (1 ) (17 ) (18 ) (389 ) Changes in the scope of consolidation (1,024 ) (11 ) (1 ) (8 ) (5 ) (2 ) (1,051 ) Currency translation differences 153 34 17 2 4 210 Other changes (45 ) (14 ) 37 (20 ) 110 (27 ) 3 (2 ) (4 ) (36 ) 2 Carrying amount at December 31, 2018 6,777 2,595 824 440 327 204 130 108 66 38 377 11,886 (*) Each individual amount included herein was lower than €50 million. |
Provisions for employee benef_2
Provisions for employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of defined benefit plans [text block] | (€ million) December 31, 2018 December 31, 2017 Italian defined benefit plans 275 284 Foreign defined benefit plans 385 409 FISDE, foreign medical plans and other 148 135 Defined benefit plans 808 828 Other benefit plans 309 194 Provision for employee benefits 1,117 1,022 |
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, 2018 December 31, 2017 FISDE, FISDE foreign foreign Italian Foreign medical Italian Foreign medical defined defined plans Defined Other defined defined plans Defined Other benefit benefit and benefit benefit benefit benefit and benefit benefit (€ million) plans plans other plans plans Total plans plans other plans plans Total Present value of benefit liabilities at beginning of year 284 997 135 1,416 194 1,610 298 895 136 1,329 158 1,487 Current cost 27 2 29 42 71 24 2 26 54 80 Interest cost 4 31 2 37 1 38 3 29 2 34 1 35 Remeasurements: 1 (25 ) 13 (11 ) 30 19 (6 ) 54 (1 ) 47 3 50 - actuarial (gains) losses due to changes in demographic assumptions (14 ) (14 ) (14 ) - actuarial (gains) losses due to changes in financial assumptions (31 ) 1 (30 ) 29 (1 ) (5 ) 71 66 3 69 - experience (gains) losses 1 6 12 19 1 20 (1 ) (3 ) (1 ) (5 ) (5 ) Past service cost and (gains) losses settlements 2 1 3 115 118 (1 ) 2 1 28 29 Plan contributions: 1 1 1 - employee contributions 1 1 1 1 1 1 Benefits paid (15 ) (35 ) (9 ) (59 ) (74 ) (133 ) (10 ) (37 ) (6 ) (53 ) (36 ) (89 ) Reclassification to asset held for sale (8 ) (8 ) (8 ) (12 ) (12 ) (2 ) (14 ) Changes in the scope of consolidation (90 ) (90 ) (2 ) (92 ) (1 ) (15 ) (1 ) (17 ) (3 ) (20 ) Currency translation differences and other changes 1 26 4 31 3 34 59 1 60 (9 ) 51 Present value of benefit liabilities at end of year (a) 275 925 148 1,348 309 1,657 284 997 135 1,416 194 1,610 Plan assets at beginning of year 588 588 588 619 619 619 Interest income 17 17 17 20 20 20 Return on plan assets (21 ) (21 ) (21 ) 12 12 12 Plan contributions: 25 25 25 24 24 24 - employee contributions 1 1 1 1 1 1 - employer contributions 24 24 24 23 23 23 Benefits paid (26 ) (26 ) (26 ) (25 ) (25 ) (25 ) Changes in the scope of consolidation (64 ) (64 ) (64 ) (15 ) (15 ) (15 ) Currency translation differences and other changes 26 26 26 (47 ) (47 ) (47 ) Plan assets at end of year (b) 545 545 545 588 588 588 Asset ceiling at beginning of year Change in asset ceiling 5 5 5 Asset ceiling at end of year (c) 5 5 5 Net liability recognized at end of year (a-b+c) 275 385 148 808 309 1,117 284 409 135 828 194 1,022 |
Disclosure of detailed information about employee benefits costs charged to profit and loss account and other comprehensive income [text block] | Costs charged to the profit and loss account consisted of the following: (€ million) Italian Foreign FISDE, Defined Other Total 2018 Current cost 27 2 29 42 71 Past service cost and (gains) losses on settlements 2 1 3 115 118 Interest cost (income), net: - interest cost on liabilities 4 31 2 37 1 38 - interest income on plan assets (17 ) (17 ) (17 ) Total interest cost (income), net 4 14 2 20 1 21 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 4 14 2 20 20 Remeasurements for long-term plans 30 30 Total 4 43 5 52 188 240 - of which recognized in “Payroll and related cost” 29 3 32 188 220 - of which recognized in “Financial income (expense)” 4 14 2 20 20 2017 Current cost 24 2 26 54 80 Past service cost and (gains) losses on settlements (1 ) 2 1 28 29 Interest cost (income), net: - interest cost on liabilities 3 29 2 34 1 35 - interest income on plan assets (20 ) (20 ) (20 ) Total interest cost (income), net 3 9 2 14 1 15 - of which recognized in “Payroll and related cost” 1 1 - of which recognized in “Financial income (expense)” 3 9 2 14 14 Remeasurements for long-term plans 3 3 Total 3 32 6 41 86 127 - of which recognized in “Payroll and related cost” 23 4 27 86 113 - of which recognized in “Financial income (expense)” 3 9 2 14 14 Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2018 2017 (€ million) Italian Foreign plans FISDE, Total Italian Foreign FISDE, Total Remeasurements Actuarial (gains)/losses due to changes in demographic assumptions (14 ) (14 ) Actuarial (gains)/losses due to changes in financial assumptions (31 ) 1 (30 ) (5 ) 71 66 Experience (gains) losses 1 6 12 19 (1 ) (3 ) (1 ) (5 ) Return on plan assets 21 21 (12 ) (12 ) Change in asset ceiling 5 5 1 1 13 15 (6 ) 42 (1 ) 35 |
Disclosure of fair value of plan assets [text block] | Plan assets consisted of the following: (€ million) Cash and Equity Debt securities Real Derivatives Investment Assets Other Total December 31, 2018 Plan assets with a quoted market price Plan assets without a quoted market price 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 |
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 and their relative weighted average duration: (€ million) Italian defined benefit plans Foreign defined benefit FISDE, foreign medical plans Other benefit December 31 , 2018 2019 15 54 9 81 2020 16 56 7 72 2021 18 63 6 67 2022 14 64 6 20 2023 11 74 6 17 2024 and thereafter 201 74 114 57 Weighted average duration (years) 10.1 17.4 12.8 2.6 December 31, 2017 2018 16 47 7 64 2019 17 65 7 58 2020 18 70 6 45 2021 17 79 6 7 2022 14 84 6 5 2023 and thereafter 202 64 103 25 Weighted average duration (years) 10.1 17.5 12.8 2.8 |
Disclosure Of Detailed Information About Geographical Area Related To Main Actuarial Assumptions Used In Valuation Of Principal Foreign Defined Benefit Plans Table Text Block [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 Rest Africa Other Foreign 2018 Discount rate (%) 1.5-1.9 0.8-2.9 3.7-18.0 8.0-13.3 0.8-18.0 Rate of compensation increase (%) 1.5-3.0 2.5-3.8 5.0-16.5 10.0-13.3 1.5-16.5 Rate of price inflation (%) 1.5-2.0 0.8-3.3 3.7-16.0 3.5-5.0 0.8-16.0 Life expectations on retirement at age 65 (years) 21-22 23-25 13-17 13-25 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) 21-24 22-24 13-17 13-24 |
Deferred tax assets and liabi_2
Deferred tax assets and liabilities (Tables ) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Deferred Tax [Abstract] | |
Disclosure of detailed information about Deferred tax assets and liabilities [text block] | (€ million) December 31, 2018 December 31, 2017 Deferred tax liabilities, gross 7,956 10,169 Deferred tax assets available for offset (3,684) (4,269 ) Deferred tax liabilities 4,272 5,900 Deferred tax assets, gross (net of accumulated write-down provisions) 7,615 8,347 Deferred tax liabilities available for offset (3,684) (4,269 ) Deferred tax assets 3,931 4,078 |
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, 2018 Carrying amount at December 31, 2017 Deferred tax liabilities Accelerated tax depreciation 6,612 8,323 Difference between the fair value and the carrying amount of assets acquired 849 1,106 Site restoration and abandonment (tangible assets) 85 305 Application of the weighted average cost method in evaluation of inventories 44 70 Other 366 365 7,956 10,169 Deferred tax assets, gross Carry-forward tax losses (5,528 ) (5,240 ) Site restoration and abandonment (provisions for contingencies) (1,986 ) (2,747 ) Timing differences on depreciation and amortization (2,104 ) (2,164 ) Accruals for impairment losses and provisions for contingencies (1,460 ) (1,404 ) Impairment losses (792 ) (801 ) Over/Under lifting (604 ) (395 ) Employee benefits (212 ) (194 ) Unrealized intercompany profits (124 ) (130 ) Other (546 ) (534 ) (13,356 ) (13,609 ) Accumulated write-downs of deferred tax assets 5,741 5,262 Deferred tax assets, net (7,615 ) (8,347 ) |
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 Deferred tax Accumulated deferred tax assets Deferred tax 2018 Carrying amount – beginning of the year 10,169 (13,609 ) 5,262 (8,347 ) Changes in accounting principles (IFRS 15) 37 (237 ) (237 ) Carrying amount restated – beginning of the year 10,206 (13,846 ) 5,262 (8,584 ) Additions 1,147 (1,478 ) 253 (1,225 ) Deductions (802 ) 1,523 (43 ) 1,480 Currency translation differences 283 (278 ) 71 (207 ) Decrease through loss of control of subsidiary (2,778 ) 813 813 Other changes (100 ) (90 ) 198 108 Carrying amount at the end of the year 7,956 (13,356 ) 5,741 (7,615 ) 2017 Carrying amount at the beginning of the year 10,953 (13,698 ) 5,622 (8,076 ) Additions 1,171 (2,341 ) 212 (2,129 ) Deductions (835 ) 1,588 (349 ) 1,239 Currency translation differences (1,123 ) 862 (202 ) 660 Other changes 3 (20 ) (21 ) (41 ) Carrying amount at the end of the year 10,169 (13,609 ) 5,262 (8,347 ) |
Derivative financial instrume_2
Derivative financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Derivative Financial Instruments [Line Items] | |
Disclosure of fair value measurement [text block] | December 31, 2018 December 31, 2017 (€ million) Fair value Fair value Level of Fair Fair value Fair value Level of Fair Non-hedging derivatives Derivatives on exchange rate - Currency swap 99 46 2 170 86 2 - Interest currency swap 14 71 2 41 45 2 - Outright 3 5 2 3 5 2 116 122 214 136 Derivatives on interest rate - Interest rate swap 18 6 2 9 5 2 18 6 9 5 Derivatives on commodities - Future 1,060 1,107 1 796 771 1 - Over the counter 306 284 2 81 97 2 - Other 1 5 2 1 2 2 1,367 1,396 878 870 1,501 1,524 1,101 1,011 Trading derivatives Derivatives on commodities - Over the counter 992 1,031 2 683 829 2 - Future 367 263 1 395 390 1 - Options 80 71 2 133 114 2 1,439 1,365 1,211 1,333 Cash flow hedge derivatives Derivatives on commodities - Over the counter 311 196 2 227 21 2 - Future 26 15 1 35 1 337 211 262 21 Option embedded in convertible bonds 21 21 2 16 16 2 Gross amount 3,298 3,121 2,590 2,381 Offsetting (1,636 ) (1,636 ) (1,279 ) (1,279 ) Net amount 1,662 1,485 1,311 1,102 Of which: - current 1,594 1,445 1,231 1,011 - non-current 68 40 80 91 |
Disclosure of derivative financial instruments [text block] | Hedging derivative instruments are disclosed below: December 31, 2018 (€ million) Nominal Change in fair Change in fair Cash flow hedge derivatives Derivatives on commodity - Over the counter 3,528 404 2 - Future 71 (6 ) (2 ) 3,599 398 |
Disclosure of detailed information about type of risk hedged under cash flow hedge [text block] | The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2018 (€ million) Change of the underlying hedging ineffectiveness CFH reserve Reclassification Cash flow hedge Commodity price risk - Forecast sales (389 ) (13 ) 642 (389 ) (13 ) 642 |
Disclosure of detailed information about other operating income loss [text block] | Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2018 2017 2016 Net income (loss) on cash flow hedging derivatives 12 (1 ) Net income (loss) on other derivatives 129 (44 ) 17 129 (32 ) 16 |
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) 2018 2017 2016 Derivatives on exchange rate (329 ) 809 (494 ) Derivatives on interest rate 22 28 (12 ) Options 24 (307 ) 837 (482 ) |
Shareholders' equity (Tables)
Shareholders' equity (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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) 2018 2017 December 31, December 31, As recorded in Eni SpA’s Financial Statements 3,173 3,586 42,615 42,529 Excess of net equity stated in the separate accounts of (134) (466) 7,183 6,110 Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity (1) 153 145 - adjustments to comply with Group account policies 862 202 2,000 719 - elimination of unrealized intercompany profits 177 (88) (519) (807) - deferred taxation 59 144 (359) (617) 4,137 3,377 51,073 48,079 Non-controlling interest (11) (3) (57) (49) As recorded in Consolidated Financial Statements 4,126 3,374 51,016 48,030 |
Disclosure of detailed information about Share capital Reserves and Equity interest [Text block] | As of January 1, 2018 , the effects of the application of IFRS 9 and IFRS 15 are the following: (€ million) Share Retained Other Net profit Total Carrying amount at December 31, 2017 4,005 35,966 4,685 3,374 48,030 Changes in accounting principles (IFRS 9) 294 294 Changes in accounting principles (IFRS 15) (49 ) (49 ) Carrying amount at January 1, 2018 4,005 36,211 4,685 3,374 48,275 |
Equity attributable to owners of parent [member] | |
Disclosure of share capital, reserves and other equity interest [text block] | (€ million) December 31, 2018 December 31, 2017 Share capital 4,005 4,005 Retained earnings 36,702 35,966 Cumulative currency translation differences 6,605 4,818 Legal reserve 959 959 Reserve for treasury shares 581 581 Reserve related to the fair value of cash flow hedging derivatives net (9) 183 Reserve related to the defined benefit plans net of tax effect (130) (114) Other comprehensive income on equity-accounted investments 66 90 Other comprehensive income on other investments 15 Other reserves 190 190 Treasury shares (581) (581) Interim dividend (1,513) (1,441) Net profit (loss) for the year 4,126 3,374 51,016 48,030 |
Reserve of cash flow hedges [member] | Reserve of remeasurements of defined benefit plans [member] | Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | |
Disclosure of reserves within equity [text block] | Other Comprehensive Income reserves Cash flow hedge derivatives Defined benefit plans (€ million) Gross Deferred liabilities Net reserve Gross reserve Deferred tax Net Other income on equity- accounted investments Investments Reserve as of December 31, 2017 240 (57 ) 183 (133 ) 19 (114 ) 90 Changes of the year 399 (116 ) 283 (15 ) (2 ) (17 ) (24 ) 15 Foreign currency translation differences 1 (1 ) Change in scope of consolidation 4 (3 ) 1 Reversal to inventories adjustments (10 ) 3 (7 ) Reclassification adjustments (642 ) 174 (468 ) Reserve as of December 31, 2018 (13 ) 4 (9 ) (143 ) 13 ( 130 ) 66 15 Reserve as of December 31, 2016 246 (57 ) 189 (99 ) (13 ) (112 ) 21 Changes of the year (59 ) 14 (45 ) (33 ) 29 (4 ) 69 Foreign currency translation differences (1 ) 3 2 Reclassification adjustments 53 (14 ) 39 Reserve as of December 31, 2017 240 (57 ) 183 (133 ) 19 ( 114 ) 90 |
Other information (Tables)
Other information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Notes And Other Explanatory Information Explanatory [Abstract] | |
Disclosure of detailed information about supplemental cash flow information [table text block] | Supplemental cash flow information (€ million) 2018 2017 2016 Investment in consolidated subsidiaries and businesses Current assets 44 Non-current assets 198 Net borrowings 11 Current and non-current liabilities (47) Net effect of investments 206 Fair value of investments held before the acquisition of control (50) Gain on a bargain purchase (8) Purchase price 148 less: Cash and cash equivalents (29) Investment in consolidated subsidiaries and businesses net of cash and cash equivalent acquired 119 Disposal of consolidated subsidiaries and businesses Current assets 328 166 6,526 Non-current assets 5,079 814 8,615 Net borrowings 785 (252) (5,415) Current and non-current liabilities (3,470) (205) (6,334) Net effect of disposals 2,722 523 3,392 Reclassification of foreign currency translation differences among other 113 7 Fair value of share capital held after the sale of control (3,498) (1,006) Fair value valuation for business combination 889 Gain (loss) on disposal 13 2,148 11 Non-controlling interest (1,872) Selling price 239 2,671 532 less: Cash and cash equivalents (286) (9) (894) Disposal of consolidated subsidiaries and businesses net of cash and cash (47) 2,662 (362) |
Guarantees, commitments and r_2
Guarantees, commitments and risks (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about guarantees [text block] | Guarantees (€ million) December 31, 2018 December 31, 2017 Consolidated subsidiaries 5,082 5,595 Unconsolidated subsidiaries 196 181 Joint ventures and associates 4,056 10,046 Others 163 352 9,497 16,174 |
Disclosure of detailed information about commitments and risks [text block] | Commitments and risks (€ million) December 31, 2018 December 31, 2017 Commitments 54,611 14,498 Risks 673 691 55,284 15,189 |
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) 2019 2020 2021 2022 2023 2024 and Total December 31, 2018 Non-current financial liabilities (including the current portion) 3,301 2,958 1,541 1,253 2,714 11,723 23,490 Current financial liabilities 2,182 2,182 Fair value of derivative instruments 1,445 13 1 21 5 1,485 6,928 2,971 1,542 1,274 2,714 11,728 27,157 Interest on finance debt 655 545 436 330 320 1,677 3,963 Financial guarantees 668 668 Maturity year (€ million) 2018 2019 2020 2021 2022 2023 and Total December 31, 2017 Non-current financial liabilities (including the current portion) 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 |
Disclosure of detailed information about trade and other payables by maturity [text block] | The table below summarizes the Group trade and other payables by maturity. Maturity year (€ million) 2019 2020 – 2023 2024 and Total December 31, 2018 Trade payables 11,645 11,645 Other payables and advances 5,102 59 96 5,257 16,747 59 96 16,902 Maturity year (€ million) 2018 2019 – 2022 2023 and 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 |
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) 2019 2020 2021 2022 2023 2024 and Total Operating lease obligations (a) 776 601 481 303 268 1,524 3,953 Decommissioning liabilities (b) 335 294 407 260 124 12,394 13,814 Environmental liabilities 349 321 254 239 188 1,245 2,596 Purchase obligations (c) 14,674 11,258 10,649 9,683 9,546 76,014 131,824 - Gas - take-or-pay contracts 11,886 10,470 9,995 9,276 9,210 75,035 125,872 - ship-or-pay contracts 1,164 558 482 382 324 941 3,851 - Other purchase obligations 1,624 230 172 25 12 38 2,101 Other obligations 8 1 1 1 1 104 116 - Memorandum of intent Val d’Agri 8 1 1 1 1 104 116 16,142 12,475 11,792 10,486 10,127 91,281 152,303 (a) 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. |
Disclosure of committed projects [text block] | The amounts shown in the table below include committed expenditures to execute certain environmental projects. Maturity year (€ million) 2019 2020 2021 2022 2023 and Total Committed projects 6,492 4,917 3,458 1,910 3,629 20,406 |
Disclosure of detailed information about financial instruments [text block] | The carrying amount of financial instruments and the relevant economic and equity effect consisted of the following: 2018 2017 Finance income (expense) Finance income (expense) (€ million) Carrying Profit Other Carrying Profit Other Held-for-trading financial instruments Financial assets held for trading (a) 6,552 32 6,012 (111 ) Non-hedging and trading derivatives (b) 117 (178 ) 209 793 Non-current financial instruments Held-to-maturity securities (a) 73 Available-for-sale financial instruments Securities (a) 207 9 (4 ) Other investments valued at fair value (c) 919 231 15 Receivables and payables and other assets/liabilities valued at amortized cost: Trade receivables and other (d) 14,145 (343 ) 15,583 (958 ) Financing receivables (e) 1,489 (139 ) 1,918 (116 ) Securities (a) 64 Trade payables and other (a) 16,902 (28 ) 16,793 (51 ) Financing payables (f) 25,865 (615 ) 24,707 (1,137 ) Net assets (liabilities) for hedging derivatives (g) 642 (243 ) (42 ) (6 ) (a) Income or expense were recognized in the profit and loss account within “Finance income (expense)”. (b) In the profit and loss account, economic effects were recognized as income within “Other operating income (loss)” for €129 million (loss for €44 million in 2017) and as loss within “Finance income (expense)” for €307 million (income for €837 million in 2017). (c) Income or expense were recognized in the profit and loss account within “Income (expense) from investments — Dividends”. (d) Income or expense were recognized in the profit and loss account as net impairment losses within “Net (impairment losses) reversal of trade and other receivables” for €415 million (net impairment losses for €913 million in 2017) and as income within “Finance income (expense)” for €69 million (expenses for €45 million in 2017), including interest income calculated on the basis of the effective interest rate of €38 million. (e) In the profit and loss account, income or expense were recognized as expense within “Finance income (expense)” for €139 million (€116 million in 2017), including interest income calculated on the basis of the effective interest rate of €129 million (€128 million in 2017) and net impairment losses for €275 million. (f) In the profit and loss account, income or expense were recognized as expense within “Finance income (expense)” for €615 million (€1,137 million in 2017), including interest income calculated on the basis of the effective interest rate of €605 million (€654 million in 2017). (g) In the profit and loss account, income or expense were recognized within “Net sales from operations” and “Purchase, services and other” as income for €642 million (expense for €54 million in 2017), and as income within “Other operating income (expense)” for €12 million in 2017. |
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, 2018 Financial assets Trade and other receivables 15,634 1,533 14,101 Other current assets 3,894 1,636 2,258 Financial liabilities Trade and other liabilities 18,280 1,533 16,747 Other current liabilities 5,616 1,636 3,980 December 31, 2017 Financial assets Trade and other receivables 16,636 1,215 15,421 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 |
Disclosure Of commodity contracts and financial derivatives [Text Block] | (Sensitivity — Dollar value of 1 basis point — DVBP) 2018 2017 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity (a) 0.35 0.25 0.29 0.25 0.41 0.27 0.35 0.27 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity — Dollar value of 1 basis point — DVBP) 2018 2017 ($ million) High Low Average At year end High Low Average At year end Strategic liquidity (b) 0.04 0.01 0.02 0.02 0.04 0.02 0.03 0.03 (b) Management of strategic liquidity portfolio in $currency starting from August 2017. |
Parametric Method Variance Covariance [Member] | |
Sensitivity analysis for types of market risk [text block] | The following table shows amounts in terms of VaR, recorded in 2018 (compared with 2017) relating to interest rate and exchange rate risks in the first section and commodity risk. Regarding the management of strategic liquidity, the sensitivity to changes of interest rate is expressed by values of “Dollar value per Basis Point” (DVBP). (Value at risk parametric method variance/covariance; holding period: 20 days; confidence level: 99%) 2018 2017 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 3.65 1.80 2.73 2.99 3.76 1.72 2.38 2.58 Exchange rate (a) 0.57 0.09 0.28 0.25 0.57 0.08 0.22 0.26 (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. |
Historic Simulation Weighted Method [Member] | |
Sensitivity analysis for types of market risk [text block] | (Value at risk — Historic simulation weighted method; holding period: 1 day; confidence level: 95%) 2018 2017 (€ million) High Low Average At year end High Low Average At year end Commercial exposures (a) 18.60 6.79 11.04 7.50 21.14 5.15 12.24 5.15 Trading (b) 2.28 0.26 0.73 0.27 2.29 0.21 0.79 0.66 (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). |
Revenues (Tables)
Revenues (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Revenue Explanatory [Abstract] | |
Disclosure of detailed information about net sales from operations [Text Block] | Net sales from operations (€ million) Exploration Gas & Power Refining & Corporate and Total 2018 Revenues from customers 9,943 43,109 22,594 176 75,822 Products sales and service revenues Sales of crude oil 3,982 18,471 22,453 Sales of oil products 1,133 4,053 17,213 22,399 Sales of natural gas and LNG 4,554 15,088 19,642 Sales of chemical products 762 4,777 35 5,574 Sales of other products 27 2,363 20 11 2,421 Services 247 2,372 584 130 3,333 Total 9,943 43,109 22,594 176 75,822 Transfer of goods and/or services Goods/Services transferred in a specific moment 9,676 42,979 22,535 106 75,296 Goods/Services transferred over a period of time 267 130 59 70 526 |
Disclosure of detailed information about revenue from contract with customer [Text Block] | (€ million) 2018 Revenues associated with liabilities from customer contracts at the beginning of the period 342 Revenues associated with performance obligations totally or partially satisfied in previous years 11 |
Disclosure of detailed information about Other income and revenues [Text Block] | Other income and revenues (€ million) 2018 2017 2016 Gains from sale of assets and businesses 454 3,288 14 Other proceeds 662 770 917 1,116 4,058 931 |
Costs (Tables)
Costs (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Operating Expenses [Abstract] | |
Disclosure of detailed information about Purchase, services and other [text block] | (€ million) 2018 2017 2016 Production costs - raw, ancillary and consumable materials 41,125 35,907 27,783 Production costs - services 10,625 12,228 12,727 Operating leases and other 1,820 1,684 1,672 Net provisions for contingencies 1,120 886 505 Expenses for price variation on overliftling and underlifting operations 145 240 Other expenses 1,130 931 666 55,820 51,781 43,593 less: - capitalized direct costs associated with self-constructed assets - tangible assets (192 ) (224 ) (297 ) - capitalized direct costs associated with self-constructed assets - intangible assets (6 ) (9 ) (18 ) 55,622 51,548 43,278 |
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) 2018 2017 2016 To be paid: - within 1 year 776 883 593 - between 2 and 5 years 1,653 1,710 1,040 - beyond 5 years 1,524 1,939 785 3,953 4,532 2,418 |
Payroll and related costs [text block] | Payroll and related costs (€ million) 2018 2017 2016 Wages and salaries 2,409 2,447 2,491 Social security contributions 448 441 445 Cost related to employee benefit plans 220 113 81 Other costs 170 162 202 3,247 3,163 3,219 less: - capitalized direct costs associated with self-constructed assets - tangible assets (142 ) (202 ) (215 ) - capitalized direct costs associated with self-constructed assets - intangible assets (12 ) (10 ) (10 ) 3,093 2,951 2,994 |
Disclosure of detailed information about average number of employees [text block] | The Group average number and breakdown of employees by category is reported below: (number) 2018 2017 2016 Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 999 17 995 17 1,018 18 Junior managers 9,095 84 9,089 98 9,160 109 Employees 16,220 361 16,721 371 17,180 384 Workers 5,259 283 5,659 285 5,703 294 31,573 745 32,464 771 33,061 805 |
Disclosure of information about key management personnel [text block] | Compensation (including contributions and ancillary costs) 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 service during the year consisted of the following: (€ million) 2018 2017 2016 Wages and salaries 27 25 26 Post-employment benefits 2 2 2 Other long-term benefits 10 9 12 Indemnities upon termination of employment 7 4 39 43 44 |
Finance income (expense) (Table
Finance income (expense) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Finance Income Expense Explanatory [Abstract] | |
Disclosure Of Detailed Information About Finance Income expenses [Text Block] | (€ million) 2018 2017 2016 Finance income (expense) Finance income 3,967 3,924 5,850 Finance expense (4,663 ) (5,886 ) (6,232 ) Net finance income (expense) from financial assets held for trading 32 (111 ) (21 ) Income (expense) from derivative financial instruments (307 ) 837 (482 ) (971 ) (1,236 ) (885 ) |
Disclosure Of Detailed Information About Type Of Net Finance Income Or Expense [Text Block] | The analysis of finance income (expense) was as follows: (€ million) 2018 2017 2016 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds (565 ) (638 ) (639 ) Net finance income (expense) on financial assets held for trading 32 (111 ) (21 ) Interest due to banks and other financial institutions (120 ) (113 ) (118 ) I nterest and other income on financial receivables and securities held for non-operating purposes 8 16 37 Interest from banks 18 12 15 (627 ) (834 ) (726 ) Exchange differences 341 (905 ) 676 Income (expense) from derivative financial instruments (307 ) 837 (482 ) Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 132 128 143 Capitalized finance expense 52 73 106 Finance expense due to the passage of time (accretion discount) (a) (249 ) (264 ) (312 ) Other finance income (expense) (313 ) (271 ) (290 ) (378 ) (334 ) (353 ) (971 ) (1,236 ) (885 ) (a) The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. |
Income (expense) from investm_2
Income (expense) from investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Income Expense From Investments [Abstract] | |
Disclosure of detailed information about other gain loss from investments [text block] | Other gain (loss) from investments (€ million) 2018 2017 2016 Dividends 231 205 143 Net gain (loss) on disposals 22 163 (14 ) Other net income (expense) 910 (33 ) (183 ) 1,163 335 (54 ) |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Income Tax Explanatory [Abstract] | |
Disclosure of detailed information about income taxes [text block] | (€ million) 2018 2017 2016 Current taxes: - Italian subsidiaries 301 712 195 - subsidiaries of the Exploration & Production segment - outside Italy 4,906 3,167 2,671 - other subsidiaries - outside Italy 163 142 133 5,370 4,021 2,999 Net deferred taxes: - Italian subsidiaries 130 (464 ) (243 ) - subsidiaries of the Exploration & Production segment - outside Italy 497 (162 ) (813 ) - other subsidiaries - outside Italy (27 ) 72 (7 ) 600 (554 ) (1,063 ) 5,970 3,467 1,936 |
Disclosure of detailed information about the reconciliation between the statutory tax charge and the effective tax charge [text block] | (€ million) 2018 2017 2016 Profit (loss) before taxation 10,107 6,844 892 Tax rate (IRES) (%) 24.0 24.0 27.5 Statutory corporation tax charge (credit) on profit or loss 2,426 1,643 245 Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 3,096 1,882 1,152 - impact pursuant to the write-off of deferred tax assets and recalculation of tax rates 252 (96 ) 397 - effect due to the tax regime provided for intercompany dividends 47 1 87 - Italian regional income tax (IRAP) 50 77 42 - effect due to non-taxable gains/losses on sales of investments (1 ) (177 ) 8 - impact pursuant to redetermination of the Italian Windfall Corporate tax as per Law 7/2009 61 - other adjustments 100 76 5 3,544 1,824 1,691 Effective tax charge 5,970 3,467 1,936 |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Earnings Per Share Explanatory [Abstract] | |
Earnings per share [text block] | Reconciliation of the weighted average number of shares used for the calculation for both basic and diluted earnings per share was as follows: 2018 2017 2016 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 2,782,584 1,691,413 Weighted average number of shares used for the calculation of the diluted earnings per share 3,603,922,717 3,602,831,546 3,601,140,133 Eni’s net profit (€ million ) 4,126 3,374 (1,464 ) Basic earning (loss) per share (euro per share ) 1.15 0.94 (0.41 ) Diluted earning (loss) per share (euro per share ) 1.15 0.94 (0.41 ) Eni’s net profit – Continuing operations (€ million ) 4,126 3,374 (1,051 ) Basic earning (loss) per share (euro per share ) 1.15 0.94 (0.29 ) Diluted earning (loss) per share (euro per share ) 1.15 0.94 (0.29 ) Eni’s net profit – Discontinued operations (€ million ) (413 ) Basic earning (loss) per share (euro per share ) (0.12 ) Diluted earning (loss) per share (euro per share ) (0.12 ) |
Exploration for evaluation of_2
Exploration for evaluation of oil&gas resources (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Exploration And Evaluation Of Oil and Gas Resources [Abstract] | |
Disclosure of detailed information about exploration and evaluation of oil and gas resources [text block] | (€ million) 2018 2017 2016 Revenues related to exploration activity and evaluation 17 9 4 Exploration activity and evaluation costs - write-off of exploration and evaluation costs 93 252 170 - costs of geological and geophysical studies 287 273 204 Exploration expense for the year 380 525 374 Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs 1,081 995 1,092 Tangible assets: capitalized exploration and evaluation costs 1,267 1,371 1,905 Total tangible and intangible assets 2,348 2,366 2,997 Provision for decommissioning related to exploration activity and evaluation 77 81 118 Exploration expenditure (net cash used in investing activivties) 463 442 417 Geological and geophysical costs (cash flow from operating activities) 287 273 204 Total exploration effort 750 715 621 |
Segment information and infor_2
Segment information and information by geographical area (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Segmental Analysis [Abstract] | |
Disclosure of operating segments [text block] | Information by segment is as follows: (€ million) Exploration & Gas & Power Refining & Marketing and Chemical Corporate and other Adjustments of intragroup profits Total 2018 Net sales from operations(a) 25,744 55,690 25,216 1,589 Less: intersegment sales (15,801 ) (12,581 ) (2,622 ) (1,413 ) Net sales to customers 9,943 43,109 22,594 176 75,822 Operating profit 10,214 629 (380 ) (691 ) 211 9,983 Net provisions for contingencies 235 53 274 579 (21 ) 1,120 Depreciation and amortization 6,152 408 399 59 (30 ) 6,988 Impairments of tangible and intangible assets 1,025 56 193 18 1,292 Reversals of tangible and intangible assets 299 127 426 Write-off 97 1 2 100 Share of profit (loss) of equity-accounted investments 158 9 (67 ) (168 ) (68 ) Identifiable assets(b) 63,051 9,989 11,692 1,171 (420 ) 85,483 Unallocated assets 32,890 Equity-accounted investments 4,972 494 275 1,303 7,044 Identifiable liabilities(c) 18,110 8,314 4,319 4,072 (275 ) 34,540 Unallocated liabilities 32,760 Capital expenditure in tangible and intangible assets 7,901 215 877 143 (17 ) 9,119 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 Operating profit 7,651 75 981 (668 ) (27 ) 8,012 Net provisions for contingencies 479 (20 ) 182 245 886 Depreciation and amortization 6,747 345 360 60 (29 ) 7,483 Impairments of tangible and intangible assets 650 56 131 25 862 Reversals of tangible and intangible assets 808 202 77 1,087 Write-off 260 2 1 263 Share of profit (loss) of equity-accounted investments (99 ) (10 ) (57 ) (101 ) (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 in tangible and intangible assets 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 Operating profit 2,567 (391 ) 723 (681 ) (61 ) 2,157 Net provisions for contingencies 123 50 171 438 (277 ) 505 Depreciation and amortization 6,772 354 389 72 (28 ) 7,559 Impairments of tangible and intangible assets 740 167 120 40 1,067 Reversals of tangible and intangible assets 1,440 86 16 1,542 Write-off 153 2 195 350 Share of profit (loss) of equity-accounted investments (198 ) 19 (3 ) (144 ) (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 in tangible and intangible assets 8,254 120 664 55 87 9,180 (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 Rest of Americas Asia Africa Other Total 2018 Identifiable assets(a) 18,646 7,086 1,031 4,546 16,910 36,155 1,109 85,483 Capital expenditure in tangible and intangible assets 1,424 267 538 534 1,782 4,533 41 9,119 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 (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] | Net sales from operations by geographical area of destination (€ million) 2018 2017 2016 Italy 25,279 21,925 21,280 Other European Union 20,408 19,791 15,808 Rest of Europe 7,052 5,911 4,804 Americas 5,051 5,154 3,212 Asia 9,585 7,523 5,619 Africa 8,246 6,428 4,865 Other areas 201 187 174 75,822 66,919 55,762 |
Transactions with related par_2
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Transactions with Related Parties [Abstract] | |
Disclosure of detailed information about trade and other transactions with related parties [text block] | Trade and other transactions with related parties (€ million) December 31, 2018 2018 Name Receivables Payables Guarantees Costs Revenues Other Joint ventures and associates Agiba Petroleum Co 1 96 156 Angola LNG Supply Services Llc 177 Coral FLNG SA 14 1,147 62 Gas Distribution Company of Thessaloniki - Thessaly SA 1 18 51 Karachaganak Petroleum Operating BV 27 134 998 1 Mellitah Oil & Gas BV 1 268 502 1 Petrobel Belayim Petroleum Co 56 2,029 2,282 7 Saipem Group 75 171 793 420 30 Unión Fenosa Gas SA 4 7 57 123 37 Vår Energi AS 13 100 218 Other(*) 44 25 104 111 (26 ) 236 2,848 2,392 4,513 335 11 Unconsolidated entities controlled by Eni Eni BTC Ltd 177 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 87 1 5 11 Other 6 23 14 13 7 93 24 196 13 18 329 2,872 2,588 4,526 353 11 Entities controlled by the Government Enel Group 134 151 514 118 227 GSE - Gestore Servizi Energetici 67 85 588 555 74 Italgas Group 5 146 667 23 Snam Group 237 289 1,184 109 (1 ) Terna Group 26 47 231 150 8 Other 25 18 34 45 494 736 3,218 1,000 308 Other related parties 1 2 32 4 Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 40 140 229 34 Total 864 3,750 2,588 8,005 1,391 319 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2017 2017 Name Receivables Payables Guarantees Costs Revenues Other Joint ventures and associates Agiba Petroleum Co 1 83 142 Coral FLNG SA 20 4 1,094 28 Karachaganak Petroleum Operating BV 36 121 951 Mellitah Oil & Gas BV 5 220 495 2 Petrobel Belayim Petroleum Co 86 1,205 3.168 8 Saipem Group 63 76 7.270 450 44 Unión Fenosa Gas SA 57 3 202 28 Other (*) 84 22 140 128 295 1,731 8,421 5,349 412 28 Unconsolidated entities controlled by Eni Eni BTC Ltd 169 Industria Siciliana Acido Fosforico - ISAF - SpA 77 1 5 7 Other 20 23 7 14 7 97 24 181 14 14 392 1,755 8,602 5,363 426 28 Entities controlled by the Government Enel Group 123 187 622 164 285 GSE - Gestore Servizi Energetici 69 219 506 702 2 Italgas Group 14 180 1 681 18 Snam Group 187 351 1,221 85 Terna Group 35 31 212 154 15 Other (*) 50 21 38 16 1 478 989 1 3,280 1,139 303 Other related parties 1 2 25 1 Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 39 145 530 42 Total 910 2,891 8,603 9,198 1,608 331 (*) Each individual amount included herein was lower than €50 million. (€ million) December 31, 2016 2016 Name Receivables Payables Guarantees Costs Revenues Other Joint ventures and associates Agiba Petroleum Co 1 50 156 Karachaganak Petroleum Operating BV 47 187 918 27 Mellitah Oil & Gas BV 7 134 477 Petrobel Belayim Petroleum Co 225 532 1,940 2 Saipem Group 64 224 8,094 781 51 Unión Fenosa Gas SA 57 94 Other(*) 114 25 1 145 143 47 458 1,152 8,152 4,417 317 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 8 10 78 17 246 8 12 536 1,169 8,398 4,425 329 47 Entities controlled by the Government Enel Group 151 254 808 201 182 GSE - Gestore Servizi Energetici 58 32 243 414 5 Italgas Group 54 1 1 4 Snam Group 44 541 2,032 113 Terna Group 33 46 232 117 13 Other (*) 43 24 37 68 383 898 1 3,356 913 200 Other related parties 2 32 Groupement Sonatrach - Agip «GSA» and Organe Conjoint des Opérations 176 331 423 70 Total 1,095 2,400 8,399 8,236 1,312 247 (*) 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, 2018 2018 Name Receivables Payables Guarantees Charges Gains Joint ventures and associates Angola LNG Ltd 245 Cardón IV SA 705 36 95 Coral FLNG SA 108 Coral South FLNG DMCC 1,397 Shatskmorneftegaz Sàrl 267 7 Société Centrale Electrique du Congo SA 64 30 5 Vår Energi AS 494 Other 38 4 22 9 13 915 564 1,664 281 115 Unconsolidated entities controlled by Eni 49 25 Entities controlled by the Government Enel Group 64 Other 8 2 72 2 964 661 1,664 283 115 (€ million) December 31, 2017 2017 Name Receivables Payables Guarantees Charges Gains Joint ventures and associates Coral South FLNG D MCC 1,334 Cardón IV SA 955 86 Angola LNG Ltd 233 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 14 1,226 95 1,625 1 190 Unconsolidated entities controlled by Eni Servizi Fondo Bombole Metano SpA 60 9 1 Other (*) 1 52 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 Derivative 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. |
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: (€ million) December 31, 2018 December 31, 2017 Total Related Impact % Total Related Impact % Other current financial assets 300 49 16.33 316 73 23.10 Trade and other receivables 14,101 633 4.49 15,421 834 5.41 Other current assets 2,258 71 3.14 1,573 30 1.91 Other non-current financial assets 1,253 915 73.02 1,675 1,214 72.48 Other non-current assets 792 160 20.20 1,323 46 3.48 Short-term debt 2,182 661 30.29 2,242 164 7.31 Trade and other payables 16,747 3,664 21.88 16,748 2,808 16.77 Other current liabilities 3,980 63 1.58 1,515 60 3.96 Other non-current liabilities 1,502 23 1.53 1,479 23 1.56 |
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: 2018 2017 2016 (€ million) Total Related Impact % Total Related Impact % Total Related Impact % Net sales from operations 75,822 1,383 1.82 66,919 1,567 2.34 55,762 1,238 2.22 Other income and revenues 1,116 8 0.72 4,058 41 1.01 931 74 7.95 Purchases, services and other (55,622) (8,008) 14.40 (51,548) (9,164) 17.78 (43,278) (8,212) 18.97 Net (impairment losses) reversals of trade and other receivables (415) 26 — (913) (846) Payroll and related costs (3,093) (22) 0.71 (2,951) (34) 1.15 (2,994) (24) 0.80 Other operating income (expense) 129 319 — (32) 331 — 16 247 — Finance income 3,967 115 2.90 3,924 191 4.87 5,850 157 2.69 Finance expense (4,663) (283) 6.07 (5,886) (4) 0.07 (6,232) (145) 2.33 Derivative financial instruments (307) 837 (482) 27 — |
Disclosure of detailed information about main cash flows with related parties [text block] | Main cash flows with related parties are provided below: (€ million) 2018 2017 2016 Revenues and other income 1,391 1,608 1,312 Costs and other expenses (5,210) (5,360) (5,623) Other operating income (loss) 319 331 247 Net change in trade and other receivables and liabilities 683 391 182 Net interests 110 187 133 Net cash provided from operating activities (2,707) (2,843) (3,749) Capital expenditure in tangible and intangible assets (2,768) (3,838) (2,613) Disposal of investments 463 Net change in accounts payable and receivable in relation to investments 20 425 252 Change in financial receivables (566) 298 5,650 Net cash used in investing activities (3,314) (3,115) 3,752 Change in financial liabilities 16 (16) (192) Net cash used in financing activities 16 (16) (192) Total financial flows to related parties (6,005) (5,974) (189) |
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: 2018 2016 2015 (€ million) Total Related Impact % Total Related Impact % Total Related Impact % Cash provided from operating activities 13,647 (2,707) — 10,117 (2,843) — 7,673 (3,749) — Cash used in investing activities (7,536) (3,314) 43.98 (3,768) (3,115) 82.67 (4,443) 3,752 — Cash used in financing activities (2,637) 16 — (4,595) (16) 0.35 (3,651) (192) 5.26 |
Other information about inves_2
Other information about investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Detailed Information About Parent Company [Text Block] | Company name Registered Country of Currency Share Shareholders % Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 25.76 |
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, 2018 Company name Registered office Country of Business segment % ownership % voting Joint venture Gas Distribution Company of Thessaloniki - Ampelokipi- Greece Gas & Power 49.00 49.00 Saipem SpA San Donato Milanese Italy Other Activities 30.54 30.99 Unión Fenosa Gas SA Madrid Spain Gas & Power 50.00 50.00 Vår Energi AS Forus Norway Exploration & Production 69.60 69.60 Joint Operation GreenStream BV Amsterdam Lybia Gas & Power 50.00 50.00 Mozambique Rovuma Venture SpA San Donato Milanese Mozambique Exploration & Production 35.71 35.71 Raffineria di Milazzo ScpA Milazzo Italy Refining & Marketing 50.00 50.00 Associates Angola LNG Ltd Hamilton Angola Exploration & Production 13.60 13.60 Coral FLNG SA Maputo Mozambique Exploration & Production 25.00 25.00 |
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: 2018 (€ million) Vår Energi Saipem Unión Gas Cardón IV SA Lotte PetroJunín Other Current assets 1,366 6,211 664 32 191 56 368 130 - of which cash and cash equivalent 883 1,674 107 13 40 8 38 Non-current assets 11,407 5,466 832 302 2,433 502 253 334 Total assets 12,773 11,677 1,496 334 2,624 558 621 464 Current liabilities 608 4,430 260 52 232 111 470 307 - current financial liabilities 305 22 78 165 Non-current liabilities 7,139 3,211 581 2 2,196 297 34 126 - non-current financial liabilities 366 2,646 510 1,410 289 14 Total liabilities 7,747 7,641 841 54 2,428 408 504 433 Net equity 5,026 4,036 655 280 196 150 117 31 Eni’s ownership interest (%) 69.60 30.99 50.00 49.00 50.00 50.00 40.00 Book value of the investment 3,498 1,288 335 137 98 75 47 (2) Revenues and other operating income 8,530 1,521 53 610 22 112 731 Operating expense (7,682) (1,461) (16) (372) (58) (100) (697) Depreciation, amortization, impairments and reversal (811) (70) (12) (137) (30) (394) (62) Operating profit 37 (10) 25 101 (66) (382) (28) Finance (expense) income (165) (31) (208) (12) 31 (5) Income (expense) from investments (88) 9 Profit before income taxes (216) (32) 25 (107) (78) (351) (33) Income taxes (194) (1) (8) (35) (19) (10) Net profit (410) (33) 17 (142) (78) (370) (43) Other comprehensive income (46) 15 6 11 (4) Total other comprehensive income (456) (18) 17 (136) (78) (359) (47) Net profit attributable to Eni (146) (23) 8 (71) (39) (148) (21) Dividends received from the joint venture 8 11 2017 (€ million) Saipem Unión PetroJunín Gas Lotte Cardón IV SA Other 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 from the joint venture 12 29 |
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: 2018 (€ million) Angola LNG Coral Other Current assets 1,027 109 926 - of which cash and cash equivalent 698 109 178 Non-current assets 9,079 2,434 2,296 Total assets 10,106 2,543 3,222 Current liabilities 472 117 785 - current financial liabilities 134 Non-current liabilities 1,500 2,018 1,755 - non-current financial liabilities 1,328 2,016 1,473 Total liabilities 1,972 2,135 2,540 Net equity 8,134 408 682 Eni’s ownership interest (%) 13.60 25.00 Book value of the investment 1,106 102 241 Revenues and other operating income 1,919 1,053 Operating expense (872) (1) (887) Depreciation, amortization, impairments and reversal 1,647 (58) Operating profit 2,694 (1) 108 Finance (expense) income (97) (11) (1) Income (expense) from investments 16 Profit before income taxes 2,597 (12) 123 Income taxes (26) Net profit 2,597 (12) 97 Other comprehensive income 337 16 17 Total other comprehensive income 2,934 4 114 Net profit attributable to Eni 353 (3) 25 Dividends received from the associate 25 2017 (€ million) Angola LNG Coral Other Current assets 662 36 338 - of which cash and cash equivalent 370 19 89 Non-current assets 7,048 1,261 528 Total assets 7,710 1,297 866 Current liabilities 203 155 220 - current financial liabilities 42 Non-current liabilities 1,610 926 124 - non-current financial liabilities 1,418 926 71 Total liabilities 1,813 1,081 344 Net equity 5,897 216 522 Eni’s ownership interest (%) 13.60 25.00 Book value of the investment 802 54 205 Revenues and other operating income 1,374 574 Operating expense (563) (454) Depreciation, depletion, amortization and impairments (399) (40) Operating profit 412 80 Finance (expense) income (80) 4 3 Income (expense) from investments (30) Profit before income taxes 332 4 53 Income taxes (19) Net profit 332 4 34 Other comprehensive income (817) (13) (39) Total other comprehensive income (485) (9) (5) Net profit attributable to Eni 45 1 8 Dividends received from the associate 13 |
Disclosure Of Detailed Information About Other Significant Investments [Text Block] | Exploration & Production In Italy Company name Registered Country of Currency Share Shareholders % Consolidation (*) Consorzio Universitario in Ingegneria per la Qualità e Pisa Italy EUR 135,000 Eni SpA 25.00 F.V. Outside Italy Administradora del Golfo de Paria Este SA Caracas Venezuela VES 0.001 Eni Venezuela BV 19.50 F.V. Brass LNG Ltd Lagos Nigeria USD 1,000,000 Eni Int. NA NV Sàrl 20.48 F.V. Darwin LNG Pty Ltd West Perth Australia AUD 530.060.381,89 Eni G&P LNG Aus. BV 10.99 F.V. New Liberty Residential Co Llc West Trenton USA USD 0 (a) Eni Oil & Gas Inc 17.50 F.V. Nigeria LNG Ltd Port Harcourt Nigeria USD 1,138,207,000 Eni Int. NA NV Sàrl 10.40 F.V. North Caspian Operating Company NV Amsterdam Kazakhstan EUR 128,520 Agip Caspian Sea BV 16.81 F.V. OPCO - Sociedade Operacional Angola LNG SA Luanda Angola AOA 7,400,000 Eni Angola Prod.BV 13.60 F.V. Petrolera Güiria SA Caracas Venezuela VES 10 Eni Venezuela BV 19.50 F.V. SOMG - Sociedade de Operações e Manutenção de Gasodutos SA Luanda Angola AOA 7,400,000 Eni Angola Prod.BV 13.60 F.V. Torsina Oil Co Cairo Egypt EGP 20,000 Ieoc Production BV 12.50 F.V. (*) 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. |
Exploration Production [Member] | |
Disclosure of subsidiaries [text block] | Exploration & Production In Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) 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 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 7,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Italy EUR 13,877,600 Eni SpA 99.96 99.96 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value (#) Company with shares quoted in the regulated market of Italy or of other EU countries Outside Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Agip Caspian Sea BV Amsterdam Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Energy and Natural Abuja Nigeria NGN 5,000,000 Eni International BV 95.00 100.00 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 Energy (Bermuda) Ltd Hamilton United USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy Congo Ltd Tortola Republic of USD 50,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. 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 Shakti Ltd Hamilton United USD 65,300,000 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam United 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 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 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 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 Country of Currency Share Shareholders % % Equity Consolidation (*) 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 Bahrain BV Amsterdam Netherlands EUR 20,000 Eni International BV 100,00 Eq. Eni BB Dover, USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni BTC Ltd London United GBP 23,214,400 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 Eq. Eni Canada 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 Cyprus Ltd Nicosia Cyprus EUR 2,006 Eni International BV 100.00 100.00 F.C. Eni Denmark BV Amsterdam Greenland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni do Brasil Rio de Janeiro Brazil BRL 1,593,415,000 Eni International BV 99.99 Eq. Eni East Ganal Ltd London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni East London Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/ London United GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Exploration 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 Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Eni Gas & Power LNG Australia BV Amsterdam Australia EUR 10,000,000 Eni International BV 100.00 100.00 F.C. Eni Ghana 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 London United Kingdom GBP 750,050,000 Eni SpA 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 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 Lebanon EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liberia BV Amsterdam Liberia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool London United Kingdom GBP 1 Eni UK Ltd 100.00 Eq. Eni LNS Ltd London United Kingdom GBP 80,400,000 Eni UK Ltd 100.00 100.00 F.C. Eni Marketing 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Eni México S. de RL Lomas De Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Middle East Ltd (in liquidation) London United Kingdom 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 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 Oman EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Pakistan (M) Ltd Luxembourg Pakistan USD 20,000 Eni Oil Holdings 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 Petroleum Co Inc Dover, Delaware USA USD 156,600,000 Eni SpA 63.86 100.00 F.C. Eni Petroleum US Llc Dover, Delaware 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 Mozambique EUR 20,000 Eni Mozambique 100.00 100.00 F.C. Eni Sharjah BV Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Eni South China Luxembourg China USD 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen United Kingdom GBP 1,000 Eni UK Ltd 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 Hamilton Turkmenistan USD 20,000 Burren En.(Berm)Ltd 100.00 100.00 F.C. Eni UHL Ltd London United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UK Holding Plc London United Kingdom GBP 424,050,000 Eni Lasmo Plc 99.99 100.00 F.C. Eni UK Ltd London United Kingdom GBP 250,000,000 Eni International BV 100.00 100.00 F.C. Eni UKCS Ltd London United Kingdom GBP 100 Eni UK Ltd 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 99.99 100.00 F.C. Eni Ukraine Shallow Waters BV Amsterdam Ukraine EUR 20,000 Eni Ukraine Hold.BV 100.00 Eq. Eni ULT Ltd London United Kingdom GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London United Kingdom GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni US Operating Dover, Delaware USA USD 1,000 Eni Petroleum Co Inc 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 Venezuela BV Amsterdam Venezuela EUR 20,000 Eni Venezuela E&P Holding 100.00 100.00 F.C. Eni Venezuela Bruxelles Belgium USD 254,057,680 Eni International BV 99.99 100.00 F.C. Eni Ventures Plc (in liquidation) London United Kingdom 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 Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. EniProgetti Egypt Cairo Egypt EGP 50,000 EniProgetti SpA 99.00 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 Country of Currency Share Shareholders % % Equity Consolidation (*) First Calgary Petroleums Wilmington Algeria USD 1 Eni Canada Hold. Ltd 99.99 100.00 F.C. First Calgary Petroleums 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 Eq. Nigerian Agip CPFA Ltd Lagos Nigeria NGN 1,262,500 NAOC Ltd 98.02 Co. Nigerian Agip Abuja Nigeria NGN 5,000,000 Eni International BV 99.99 100.00 F.C. Nigerian Agip Oil Co Ltd Abuja Nigeria NGN 1,800,000 Eni International BV 99.89 100.00 F.C. OOO ‘Eni Energhia’ Moscow Russia RUB 2,000,000 Eni Energy Russia BV 99.90 100.00 F.C. Zetah Congo Ltd Nassau Republic of USD 300 Eni Congo SA 66.67 Co. Zetah Kouilou Ltd Nassau Republic of USD 2,000 Eni Congo SA 54.50 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Mozambique Rovuma Venture SpA (†) San Donato Mozambique EUR 20,000,000 Eni SpA 35.71 35.71 J.O. Outside Italy Agiba Petroleum (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Angola LNG Ltd Hamilton Angola USD 10,082,000,000 Eni Angola Prod.BV 13.60 Eq. Ashrafi Island Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Barentsmorneftegaz (†) Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Cabo Delgado Gas (†) Maputo Mozambique MZN 2,500,000 Eni Mozam.LNG H. BV 50.00 Co. Cardón IV SA (†) Caracas Venezuela VES 172.1 Eni Venezuela BV 50.00 Eq. Compañia Agua Plana SA Caracas Venezuela VES 0.001 Eni Venezuela BV 26.00 Co. Coral FLNG SA Maputo Mozambique MZN 100,000,000 Eni Mozam.LNG H. BV 25.00 Eq. Coral South FLNG Dubai United Arab AED 500,000 Eni Mozam.LNG H. BV 25.00 Eq. East Delta Gas Co (in liquidation) Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 Co. East Kanayis Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. East Obaiyed (†) Cairo Egypt EGP 20,000 Ieoc SpA 50.00 Co. El Temsah Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. El-Fayrouz Petroleum Co (†) (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 50.00 Co. Fedynskmorneftegaz (†) Luxembourg Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Isatay Operating Company Llp (†) Astana Kazakhstan KZT 400,000 Eni Isatay BV 50.00 Co. Karachaganak Petroleum Operating BV Amsterdam Kazakhstan EUR 20,000 Agip Karachag.BV 29.25 Co. Karachaganak Project Development Ltd (KPD) Reading, United GBP 100 Agip Karachag.BV 38.00 Eq. Khaleej Petroleum Safat Kuwait KWD 250,000 Eni Middle E. Ltd 49.00 Eq. Liberty National Wilmington USA USD 0 (a) Eni Oil & Gas Inc 32.50 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Mediterranean Gas Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Mellitah Oil & Gas BV (†) Amsterdam Libya EUR 20,000 Eni North Africa BV 50.00 Co. Nile Delta Oil Co Nidoco Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Norpipe Terminal Holdco Ltd London Norway GBP 55.69 Eni SpA 14.20 Eq. North Bardawil Petroleum Co Cairo Egypt EGP 20,000 Ieoc Exploration BV 30.00 Co. North El Burg Petroleum Co Cairo Egypt EGP 20,000 Ieoc SpA 25.00 Co. Petrobel Belayim Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. PetroBicentenario (†) Caracas Venezuela VES 3,790 Eni Lasmo Plc 40.00 Eq. PetroJunín SA (†) Caracas Venezuela VES 24,021 Eni Lasmo Plc 40.00 Eq. PetroSucre SA Caracas Venezuela VES 2,203 Eni Venezuela BV 26.00 Eq. Pharaonic Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Point Resources FPSO Sandnes Norway NOK 60,000 Vår Energi AS 100.00 Point Resources FPSO Sandnes Norway NOK 150,100,000 PR FPSO Holding AS 100.00 PR Jotun DA Sandnes Norway NOK 0 (a) PR FPSO AS 95.00 Port Said Petroleum Co (†) Cairo Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Raml Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 22.50 Co. Ras Qattara Petroleum Co Cairo Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Rovuma Basin LNG Land Limitada (†) Maputo Mozambique MZN 140,000 Mozamb. Rov. V. SpA 33.33 Co. Shorouk Petroleum Company Cairo Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Société Centrale Electrique du Congo SA Pointe-Noire Republic of XAF 44,732,000,000 Eni Congo SA 20.00 Eq. Société Italo Tunisienne d’Exploitation Pétrolière SA (†) Tunisi Tunisia TND 5,000,000 Eni Tunisia BV 50.00 Eq. Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA (†) Tunisi Tunisia TND 100,000 Eni Tunisia BV 50.00 Co. Tapco Petrol Boru Hatti Sanayi ve Ticaret AS (†) (in liquidation) Istanbul Turkey TRY 9,850,000 Eni International BV 50.00 Co. Tecninco Engineering (†) Aksai Kazakhstan KZT 29,478,455 EniProgetti SpA 49.00 Eq. Thekah Petroleum Co (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 25.00 Co. United Gas Derivatives Cairo Egypt USD 153,000,000 Eni International BV 33.33 Eq. VIC CBM Ltd (†) London Indonesia USD 1,315,912 Eni Lasmo Plc 50.00 Eq. Virginia Indonesia Co (†) London Indonesia USD 631,640 Eni Lasmo Plc 50.00 Eq. Vår Energi AS (†) Forus Norway NOK 399,425,000 Eni International BV 69.60 Eq. West Ashrafi Petroleum Co (†) (in liquidation) Cairo Egypt EGP 20,000 Ieoc Exploration BV 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 [Member] | |
Disclosure of subsidiaries [text block] | Gas & Power In Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) 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 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 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 Levallois Perret France EUR 29,937,600 Eni gas e luce SpA 99.87 99.87 F.C. Eni Trading & Shipping Inc Dover, Delaware USA USD 36,000,000 ETS SpA 100.00 100.00 F.C. Eni Transporte y Mexico City Mexico MXN 3,000 Eni International BV 99,90 Eq. Gas Supply Company Thessaloniki - Thessalia SA Thessaloniki Greece EUR 13,761,788 Eni gas e luce 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 66.67 F.C. Société pour la Tunisi Tunisia TND 200,000 Eni International BV 99.85 100.00 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] | Gas & Power In Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) 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 Angola LNG Supply Services Llc Wilmington USA USD 19,278,782 Eni USA Gas M. Llc 13.60 Eq. 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. 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 Transmed.Pip.Co Ltd 90.00 Eq. Transmediterranean Pipeline (†) St. Helier Jersey USD 10,310,000 Eni SpA 50.00 50.00 J.O. 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. |
Disclosure Of Detailed Information About Other Significant Investments [Text Block] | Gas & Power Outside Italy Company name Registered Country of Currency Share Shareholders % Ownership Consolidation (*) Norsea Gas GmbH Emden Germany EUR 1,533,875.64 Eni International BV 13.04 F.V. (*) 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 [Member] | |
Disclosure of subsidiaries [text block] | Refining & Marketing and Chemical Refining & Marketing In Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) 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. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. Outside Italy Eni Abu Dhabi Refining Amsterdam Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Austria GmbH Wien Austria EUR 78,500,000 Eni International BV 75.00 100.00 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 89.00 100.00 F.C. Eni Ecuador SA Quito Ecuador USD 103,142.08 Eni International BV 99.93 100.00 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 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 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 Country of Currency Share Shareholders % % Equity Consolidation (*) Versalis SpA San Donato Italy EUR 1,364,790,000 Eni SpA 100.00 100.00 F.C. In Italy Consorzio Industriale (in liquidation) San Donato Italy EUR 124,000 Versalis SpA 53.55 Eq. Outside Italy Dunastyr Budapest Hungary HUF 8,092,160,000 Versalis SpA 96.34 100.00 F.C. Versalis Americas Inc Dover, Delaware USA USD 100,000 Versalis Int.SA 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire Republic of CDF 1,000,000 Versalis Int.SA 100.00 Eq. Versalis Deutschland 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 Bruxelles Belgium EUR 15,449,173.88 Versalis SpA 59.00 100.00 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 Sing. P. Ltd 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 100.00 100.00 F.C. 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 and Chemical Refining & Marketing In Italy Company Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Arezzo Gas SpA (†) Arezzo Italy EUR 394,000 Eni Fuel SpA 50.00 Eq. CePIM Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA 44.78 Eq. Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Eni Fuel SpA 25.00 Co. Costiero Gas (†) 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. Livorno LNG Livorno Italy EUR 200,000 Costiero Gas Liv. SpA 50.00 Eq. Petroven (†) Genova Italy EUR 156,000 Ecofuel SpA 68.00 68.00 J.O. Porto Petroli Genova Italy EUR 2,068,000 Ecofuel SpA 40.50 Eq. Raffineria di (†) Milazzo (ME) Italy EUR 171,143,000 Eni SpA 50.00 50.00 J.O. Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA 25.00 Co. Sigea Sistema Genova Italy EUR 3,326,900 Ecofuel SpA 35.00 Eq. Società (†) San Donato Milanese (MI) Italy EUR 3,085,000 Eni SpA 70.00 70.00 J.O. Termica Milazzo (†) 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. Outside Italy Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) AET - (†) Schwedt Germany EUR 27,000 Eni Deutsch.GmbH 33.33 Eq. Bayernoil (†) Vohburg Germany EUR 10,226,000 Eni Deutsch.GmbH 20.00 20.00 J.O. City Carburoil (†) Rivera Switzerland CHF 6,000,000 Eni Suisse SA 49.91 Eq. Egyptian International Gas Technology Co Cairo Egypt EGP 100,000,000 Eni International BV 40.00 Co. ENEOS Italsing Pte Singapore Singapore SGD 12,000,000 Eni International BV 22.50 Eq. FSH Flughafen Schwechat Hydranten- Wien Austria EUR 7,798,020.99 Eni Market.A.GmbH 14.56 Co. Fuelling Aviation Services GIE Tremblay en France France EUR 1 Eni France Sàrl 25.00 Co. Mediterranée Bitumes SA Tunisi Tunisia TND 1,000,000 Eni International BV 34.00 Eq. Routex BV Amsterdam Netherlands EUR 67,500 Eni International BV 20.00 Eq. Saraco SA Meyrin Switzerland CHF 420,000 Eni Suisse SA 20.00 Co. Supermetanol CA (†) Jose Puerto La Cruz Venezuela VES 120,867 Ecofuel SpA 34.51 (a) 30.07 50.00 J.O. TBG Tanklager (†) Salzburg Austria EUR 43,603.70 Eni Market.A.GmbH 50.00 Eq. Weat Electronic Düsseldorf Germany EUR 409,034 Eni Deutsch.GmbH 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. (a) Controlling interest: Ecofuel SpA 50.00 Chemical Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) In Italy Brindisi Servizi Generali Scarl Brindisi Italy EUR 1,549,060 Versalis SpA 49.00 Eq. IFM Ferrara ScpA Ferrara Italy EUR 5,270,466 Versalis SpA 19.74 Eq. Matrìca SpA (†) Porto Torres (SS) Italy EUR 37,500,000 Versalis SpA 50.00 Eq. Newco Tech SpA (†) (in liquidation) Novara Italy EUR 179,000 Versalis SpA 80.00 Eq. Novamont SpA Novara Italy EUR 13,333,500 Versalis SpA 25.00 Eq. Priolo Servizi ScpA Melilli (SR) Italy EUR 28,100,000 Versalis SpA 33.11 Eq. Ravenna Servizi Industriali ScpA Ravenna Italy EUR 5,597,400 Versalis SpA 42.13 Eq. Servizi Porto Marghera Scarl Porto Marghera (VE) Italy EUR 8,695,718 Versalis SpA 48.44 Eq. Outside Italy Lotte Versalis Elastomers Co (†) Yeosu South Korea KRW 301,800,000,000 Versalis SpA 50.00 Eq. Versalis Zeal (†) Takoradi Ghana GHS 5,650,000 Versalis Intern. SA 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. |
Disclosure Of Detailed Information About Other Significant Investments [Text Block] | Refining & Marketing and Chemical Refining & Marketing In Italy Company name Registered Country of Currency Share Shareholders % Ownership Consolidation (*) Consorzio Nazionale per la Gestione Raccolta e Trattamento degli Oli Minerali Usati Rome Italy EUR 36,149 Eni SpA 12.43 F.V. Società Italiana Oleodotti (1) Rome Italy ITL 360,000,000 Eni SpA 72.48 F.V. Outside Italy Company name Registered Country of Currency Share Shareholders % Ownership Consolidation (*) BFS Berlin Fuelling Services GbR Hamburg Germany EUR 89.199 Eni Deutsch.GmbH 12.50 F.V. Compania de Economia Mixta ‘Austrogas’ Cuenca Ecuador USD 3,028,749 Eni Ecuador SA 13.31 F.V. Dépôt Pétrolier de Fos SA Fos-Sur-Mer France EUR 3,954,196.40 Eni France Sàrl 16.81 F.V. Dépôt Pétrolier de la Côte d’Azur SAS Nanterre France EUR 207,500 Eni France Sàrl 18.00 F.V. Joint Inspection Group Ltd London United Kingdom GBP 0 (a) Eni SpA 12.50 F.V. Saudi European Al Jubail Saudi Arabia SAR 1,200,000,000 Ecofuel SpA 10.00 F.V. S.I.P.G. Société Immobilier Pétrolier de Gestion Snc Tremblay-En-France France EUR 40,000 Eni France Sàrl 12.50 F.V. Sistema Integrado de Gestion de Aceites Usados Madrid Spain EUR 175,713 Eni Iberia SLU 15.44 F.V. Tanklager - Gesellschaft Hamburg Germany EUR 4.953 Eni Deutsch.GmbH 12.50 F.V. TAR - Tankanlage Ruemlang AG Ruemlang Switzerland CHF 3,259,500 Eni Suisse SA 16.27 F.V. Tema Lube Oil Co Ltd Accra Ghana GHS 258,309 Eni International BV 12.00 F.V. (*) 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] | |
Disclosure of subsidiaries [text block] | Corporate and other activities Corporate and financial companies Company Registered office Country of Currency Share Shareholders % % Equity Consolidation (*) In Italy Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. Eni Adfin SpA (in liquidation) Rome Italy EUR 85,537,498.80 Eni SpA 99.67 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 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 99.90 100.00 F.C. Eni Finance Bruxelles Belgium USD 2,474,225,632 Eni International BV 66.39 100.00 F.C. Eni Finance USA Inc Dover, 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 Amsterdam Netherlands EUR 641,683,425 Eni SpA 100.00 100.00 F.C. Eni International London United Kingdom GBP 50,000 Eni SpA 99.99 100.00 F.C. Eni Next Llc Houston USA USD 100 Eni Petroleum Co Inc 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 Other Activities Company name Registered Country Currency Share Shareholders % % Equity Consolidation (*) In Italy Anic Partecipazioni SpA (in liquidation) Gela (CL) Italy EUR 23,519,847.16 Syndial SpA 99.97 Eq. Eni Energia Srl San Donato Italy EUR 10,000 Eni SpA 100.00 Co. Eni New Energy SpA San Donato Italy EUR 9,296,000 Eni SpA 100.00 100.00 F.C. Industria Siciliana Acido Fosforico - (in liquidation) Gela (CL) Italy EUR 1,300,000 Syndial SpA 52.00 Eq. Ing. Luigi Conti Vecchi Assemini (CA) Italy EUR 5,518,620.64 Syndial SpA 100.00 100.00 F.C. Syndial Servizi Ambientali SpA San Donato Italy EUR 425,647,621.42 Eni SpA 99.99 100.00 F.C. Outside Italy Arm Wind Llp Astana Kazakhstan KZT 2,133,967,100 Windirect BV 100.00 90.00 F.C. Eni New Energy Egypt Cairo Egypt EGP 250,000 Eni International BV 99.98 Eq. Oleodotto del Reno SA Coira Switzerland CHF 1,550,000 Syndial SpA 100.00 Eq. Windirect BV Amsterdam Netherlands EUR 10,000 Eni International BV 90.00 90.00 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] | Corporate and other activities Corporate and financial companies Company name Registered Country of Currency Share Shareholders % % Equity Consolidation (*) Outside Italy Commonwealth Fusion Systems Llc Wilmington USA USD 148,291,710.38 Eni Next Llc 35.72 P.N. Other activities In Italy Filatura Tessile Nazionale (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) 1.46 Eq. Outside Italy Grid Edge (Private) Ltd (†) Saddar Town- Pakistan PKR 1,200,000 Eni International BV 40.00 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 48.00 (b) Controlling interest: Eni SpA 30.99 |
Public assistance - Italian L_2
Public assistance - Italian Law no. 124/2017 and subsequent modifications (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Public Assistance [Abstract] | |
Disclosure Of Detailed Information About Donations And Support For Charitable And Solidatory Initiatives [Table Text Block] | The granted assistance provided herein is mainly referred to foundations, associations and other entities for reputational purposes, donations and support for charitable and solidarity initiatives: Granted subject Amount paid Fondazione Eni Enrico Mattei 4,403,686 Eni Foundation 3,389,902 Fondazione Teatro alla Scala 3,052,192 Fondazione Giorgio Cini 1,000,000 WEF – World Economic Forum 260,586 Comitato Sisma Centro Italia – Confindustria, CIGL, CISL e UIL – Fondo di solidarietà per le popolazioni Centro Italia 242,326 Council on Foreign Relations 83,358 Atlantic Council of the United States Inc 81,307 World Business Council for Sustainable Development 72,805 Associazione Pionieri e Veterani Eni 57,000 EITI – Extractive Industries Transparency Initiative 51,588 Bruegel 50,000 Parrocchia di S. Barbara a San Donato Milanese 40,000 Aspen Institute Italia 35,000 Italiadecide 35,000 Fondazione Camera Centro Italiano per la Fotografia 33,000 Istituto Giannina Gaslini 30,000 Center for Strategic & International Studies 29,687 Politecnico di Milano – Dipartimento di “Scienze e Tecnologie Energetiche e Nucleari” 26,000 Institute for Human Rights and Business (IHRB) 22,548 Associazione Civita 22,000 Foreign Policy Association – USA 21,985 The Metropolitan Museum of Arts 21,760 Associazione Amici della Luiss 20,000 Centro Studi Americani 20,000 Fondazione Human Foundation Giving and Innovating Onlus 20,000 Global Reporting Initiative 14,000 Lega Italiana Fibrosi Cistica Lazio Onlus 10,000 |
Significant accounting polici_4
Significant accounting policies, estimates and judgements (Details) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
U.S. Dollar [Member] | |||
Average foreign exchange rate | 1.18 | 1.13 | 1.11 |
Closing foreign exchange rate | 1.15 | 1.20 | 1.05 |
Pound Sterling [Member] | |||
Average foreign exchange rate | 0.88 | 0.88 | 0.82 |
Closing foreign exchange rate | 0.89 | 0.88 | 0.86 |
Norwegian Krone [Member] | |||
Average foreign exchange rate | 9.60 | 9.33 | 9.29 |
Closing foreign exchange rate | 9.94 | 9.83 | 9.09 |
Australian Dollar [Member] | |||
Average foreign exchange rate | 1.58 | 1.47 | 1.49 |
Closing foreign exchange rate | 1.62 | 1.53 | 1.46 |
Changes in accounting policie_2
Changes in accounting policies (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Current assets | € 39,450 | € 36,433 | ||||
- of which: Financial assets available for sale | [1] | 207 | ||||
- of which: Other current financial assets | 300 | 316 | ||||
- of which: Trade and other receivables | 14,101 | € 14,156 | 15,421 | |||
- of which: Other current assets | 2,258 | 1,573 | ||||
Non-current assets | 78,628 | 78,172 | ||||
- of which: Equity-accounted investments | 7,044 | 3,511 | € 4,040 | |||
- of which: Deferred tax assets | 3,931 | 4,078 | ||||
Current liabilities | 28,382 | 24,735 | ||||
- of which: Trade and other payables | 16,747 | 16,748 | ||||
Non-current liabilities | 38,859 | 42,027 | ||||
- of which: Deferred tax liabilities | 4,272 | 5,900 | ||||
Shareholders' equity | € 51,073 | 48,079 | 53,086 | € 57,409 | ||
Previously stated [Member] | ||||||
Current assets | 35,634 | |||||
- of which: Financial assets held for trading | 6,219 | |||||
- of which: Other current financial assets | 316 | |||||
- of which: Trade and other receivables | 14,156 | |||||
- of which: Other current assets | 2,039 | |||||
Non-current assets | 79,140 | |||||
- of which: Intangible assets | 3,012 | |||||
- of which: Equity-accounted investments | 3,474 | 3,511 | € 4,040 | |||
- of which: Other investments | 900 | |||||
- of which: Deferred tax assets | 4,315 | |||||
Current liabilities | 24,622 | |||||
- of which: Trade and other payables | 15,305 | € 16,748 | ||||
- of which: Other current liabilities | 2,845 | |||||
Non-current liabilities | 42,064 | |||||
- of which: Deferred tax liabilities | 5,937 | |||||
Shareholders' equity | 48,324 | |||||
As reported [Member] | ||||||
Current assets | 36,433 | |||||
- of which: Financial assets held for trading | 6,012 | |||||
- of which: Financial assets available for sale | 207 | |||||
- of which: Other current financial assets | 316 | |||||
- of which: Trade and other receivables | 15,421 | |||||
- of which: Other current assets | 1,573 | |||||
Non-current assets | 78,172 | |||||
- of which: Intangible assets | 2,925 | |||||
- of which: Equity-accounted investments | 3,511 | |||||
- of which: Other investments | 219 | |||||
- of which: Deferred tax assets | 4,078 | |||||
Current liabilities | 24,735 | |||||
- of which: Trade and other payables | 16,748 | |||||
- of which: Other current liabilities | 1,515 | |||||
Non-current liabilities | 42,027 | |||||
- of which: Deferred tax liabilities | 5,900 | |||||
Shareholders' equity | 48,079 | |||||
Increase (decrease) due to changes in accounting policy [member] | ||||||
Current assets | (799) | |||||
- of which: Financial assets held for trading | 207 | |||||
- of which: Financial assets available for sale | (207) | |||||
- of which: Trade and other receivables | (1,265) | |||||
- of which: Other current assets | 466 | |||||
Non-current assets | 968 | |||||
- of which: Intangible assets | 87 | |||||
- of which: Equity-accounted investments | (37) | |||||
- of which: Other investments | 681 | |||||
- of which: Deferred tax assets | 237 | |||||
Current liabilities | (113) | |||||
- of which: Trade and other payables | (1,443) | |||||
- of which: Other current liabilities | 1,330 | |||||
Non-current liabilities | 37 | |||||
- of which: Deferred tax liabilities | 37 | |||||
Shareholders' equity | 245 | |||||
Increase (decrease) due to changes in accounting policy [member] | IFRS 9 [Member] | ||||||
Current assets | (427) | |||||
- of which: Trade and other receivables | (427) | |||||
Non-current assets | 721 | |||||
- of which: Equity-accounted investments | (31) | |||||
- of which: Other investments | 681 | |||||
- of which: Deferred tax assets | 71 | |||||
Shareholders' equity | 294 | |||||
Increase (decrease) due to changes in accounting policy [member] | IFRS 15 [Member] | ||||||
Current assets | (372) | |||||
- of which: Trade and other receivables | (372) | |||||
Non-current assets | 247 | |||||
- of which: Intangible assets | 87 | |||||
- of which: Equity-accounted investments | (6) | |||||
- of which: Deferred tax assets | 166 | |||||
Current liabilities | (113) | |||||
- of which: Trade and other payables | (113) | |||||
Non-current liabilities | 37 | |||||
- of which: Deferred tax liabilities | 37 | |||||
Shareholders' equity | (49) | |||||
Increase (decrease) due to changes in accounting policy [member] | Reclassification [Member] | ||||||
- of which: Financial assets held for trading | 207 | |||||
- of which: Financial assets available for sale | (207) | |||||
- of which: Trade and other receivables | (466) | |||||
- of which: Other current assets | 466 | |||||
- of which: Trade and other payables | (1,330) | |||||
- of which: Other current liabilities | € 1,330 | |||||
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Changes in accounting policie_3
Changes in accounting policies (Details 1) € in Millions | 12 Months Ended | |
Dec. 31, 2017EUR (€) | ||
Carrying amount under IAS 39 | € 21,859 | |
Adjustments | 254 | |
Other changes | (838) | [1] |
Carrying amount under IFRS 9 | € 21,275 | |
Financial assets held for trading [member] | ||
Classification under IAS 39 | Held for trading | |
Classification under IFRS 9 | FVTPL | |
Carrying amount under IAS 39 | € 6,012 | |
Reclassifications | 207 | |
Carrying amount under IFRS 9 | € 6,219 | |
Financial assets available for sale [member] | ||
Classification under IAS 39 | Available-for-sale | |
Classification under IFRS 9 | FVTPL | |
Carrying amount under IAS 39 | € 207 | |
Reclassifications | € (207) | |
Trade and other receivables [member] | ||
Classification under IAS 39 | Financing receivables | [2] |
Classification under IFRS 9 | Amortized cost | [2] |
Carrying amount under IAS 39 | € 15,421 | [2] |
Adjustments | (427) | [2] |
Other changes | (838) | [2] |
Carrying amount under IFRS 9 | € 14,156 | [2] |
Other investments [Member] | ||
Classification under IAS 39 | Cost | |
Classification under IFRS 9 | FVTOCI | |
Carrying amount under IAS 39 | € 219 | |
Adjustments | 681 | |
Carrying amount under IFRS 9 | € 900 | |
[1] | Other changes result from the effects related to a different classification under IFRS 15 of receivables for underlifting which have been reclassified as other assets in application of the sales method | |
[2] | Compared to the values presented in the balance sheet at December 31, 2017, the item no longer includes financial receivables, which have been reclassified under the new item “Other current financial assets” |
Changes in accounting policie_4
Changes in accounting policies (Details Textuals) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 02, 2018 | Jan. 01, 2018 | |
Negative change before taxes equity | € 259 | |||
Customer Acquisition Costs Capitalized | 60 | |||
Trade and other current receivables | 14,101 | € 15,421 | € 14,156 | |
Decrease equity accounted investments | 6 | |||
Financial assets available-for-sale | € 207 | |||
Impairment loss | 1,701 | € 913 | ||
Increase (decrease) due to application of IFRS 15 [member] | ||||
Decrease In Equity | 49 | |||
Customer Acquisition Costs Capitalized | 87 | |||
Trade and other current receivables | (372) | |||
Increase (decrease) due to application of IFRS 15 [member] | Sales Method [Member] | ||||
Decrease In Equity | 103 | |||
Increase Decrease Due To Application Of IFRS 9 [Member] | ||||
Trade and other current receivables | 427 | € (427) | ||
Decrease equity accounted investments | 31 | |||
Increase In Equity | 294 | |||
Increase Decrease in fair value Measurement | 681 | |||
Increase Decrease Due To Application Of IFRS 9 [Member] | Expected Credit Loss Model [Member] | ||||
Impairment loss | € 356 |
IFRSs not yet adopted (Details)
IFRSs not yet adopted (Details) € in Billions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Disclosure Of Ifrs Not Yet Adopted [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | € 4 |
- Recognition of the shares of leases related to followers | 2 |
- Effect of discounting | (1.5) |
Extension options | 1.2 |
- Other changes | 0.1 |
Lease liability | € 5.8 |
IFRSs not yet adopted (Details
IFRSs not yet adopted (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure Of Ifrs Not Yet Adopted [Line Items] | ||||
Impairment loss | € 1,701 | € 913 | ||
Equity | 51,073 | € 48,079 | € 53,086 | € 57,409 |
Right-of-use assets | 5,700 | |||
Lease liabilities | 5,800 | |||
Followers [Member] | ||||
Disclosure Of Ifrs Not Yet Adopted [Line Items] | ||||
Working Interest | 2,000 | |||
Eni Working Interest | € 3,800 | |||
Intra Group Related Balances [Member] | ||||
Disclosure Of Ifrs Not Yet Adopted [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 IFRS 15 [member] | Expected Credit Loss Model [Member] | ||||
Disclosure Of Ifrs Not Yet Adopted [Line Items] | ||||
Equity | € (43) | |||
Increase (decrease) due to application of IFRS 15 [member] | Sales method [Member] | ||||
Disclosure Of Ifrs Not Yet Adopted [Line Items] | ||||
Equity | (103) | |||
Increase (decrease) due to application of IFRS 9 [Member] | Expected Credit Loss Model [Member] | ||||
Disclosure Of Ifrs Not Yet Adopted [Line Items] | ||||
Impairment loss | € 356 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | [1] | Dec. 31, 2015 | |||
Cash and cash equivalents | € 10,836 | [1] | € 7,363 | [1] | € 5,674 | € 5,209 | |
Short-term deposits, classified as cash equivalents | 8,732 | € 5,591 | |||||
Euro [Member] | |||||||
Short-term deposits, classified as cash equivalents | € 7,653 | ||||||
Avearge Maturity Period | 29 days | ||||||
Internal Rate Of Return | 0.29% | ||||||
US Dollars [Member] | |||||||
Short-term deposits, classified as cash equivalents | € 1,074 | ||||||
Avearge Maturity Period | 12 days | ||||||
Internal Rate Of Return | 2.59% | ||||||
[1] | Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet |
Financial assets held for tra_3
Financial assets held for trading (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 6,552 | [1] | € 6,012 |
Quoted bonds issued by sovereign states [Member] | |||
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 1,083 | 1,022 | |
Other [Member] | |||
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 5,469 | € 4,990 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Financial assets held for tra_4
Financial assets held for trading (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 6,552 | [1] | € 6,012 |
Euro [Member] | |||
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 4,573 | 4,232 | |
Us Dollar [Member] | |||
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | 1,614 | 1,025 | |
Other [Member] | |||
Disclosure Of Financial Assets Held For Trading [Line Items] | |||
Current financial assets at fair value through profit or loss, classified as held for trading | € 365 | € 755 | |
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Financial assets held for tra_5
Financial assets held for trading (Details 2) € in Millions | 12 Months Ended | |
Dec. 31, 2018EUR (€) | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 4,596 | |
Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 6,731 | |
Financial assets, at fair value | 6,552 | |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 859 | |
Financial assets, at fair value | 878 | |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | ITALY [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 523 | |
Financial assets, at fair value | € 529 | |
External Rating By Moodys Grade | Baa3 | |
External Rating By Sp Grade | BBB | |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | Other [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 336 | [1] |
Financial assets, at fair value | € 349 | [1] |
External Rating By Moodys Grade | from Aaa to Baa3 | [1] |
External Rating By Sp Grade | from AAA to BBB- | [1] |
Quoted bonds issued by sovereign states, Floating rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 216 | |
Financial assets, at fair value | 205 | |
Quoted bonds issued by sovereign states, Floating rate bonds [Member] | ITALY [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 130 | |
Financial assets, at fair value | € 129 | |
External Rating By Moodys Grade | Baa3 | |
External Rating By Sp Grade | BBB | |
Quoted bonds issued by sovereign states, Floating rate bonds [Member] | Other [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 86 | [1] |
Financial assets, at fair value | € 76 | [1] |
External Rating By Moodys Grade | from Aaa to Baa3 | [1] |
External Rating By Sp Grade | from AAA to BBB- | [1] |
Quoted bonds issued by sovereign states [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 1,075 | |
Financial assets, at fair value | 1,083 | |
Other Bonds, Fixed rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 2,949 | |
Financial assets, at fair value | 2,898 | |
Other Bonds, Fixed rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | Quoted bonds issued by financial and insurance companies [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 1,270 | |
Financial assets, at fair value | € 1,269 | |
External Rating By Moodys Grade | from Aaa to Baa3 | |
External Rating By Sp Grade | from AAA to BBB- | |
Other Bonds, Fixed rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | Quoted bonds issued by industrial companies [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 1,628 | |
Financial assets, at fair value | € 1,581 | |
External Rating By Moodys Grade | from Aa2 to Baa3 | |
External Rating By Sp Grade | from AA to BBB- | |
Other Bonds, Fixed rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | Quoted bonds issued by supranational institutions [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 51 | |
Financial assets, at fair value | € 48 | |
External Rating By Moodys Grade | from A1 to Baa3 | |
External Rating By Sp Grade | from A+ to BBB- | |
Other Bonds, Floating rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 2,707 | |
Financial assets, at fair value | 2,571 | |
Other Bonds, Floating rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | Quoted bonds issued by financial and insurance companies [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | 1,562 | |
Financial assets, at fair value | € 1,453 | |
External Rating By Moodys Grade | from Aaa to Baa3 | |
External Rating By Sp Grade | from AAA to BBB- | |
Other Bonds, Floating rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | Quoted bonds issued by industrial companies [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 987 | |
Financial assets, at fair value | € 976 | |
External Rating By Moodys Grade | from Aa2 to Baa2 | |
External Rating By Sp Grade | from AA to BBB | |
Other Bonds, Floating rate bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | Quoted bonds issued by supranational institutions [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 158 | |
Financial assets, at fair value | € 142 | |
External Rating By Moodys Grade | from Aa3 to Baa3 | |
External Rating By Sp Grade | from AA- to BBB- | |
Other Bonds [Member] | Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading Category [Member] | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||
Notional amount | € 5,656 | |
Financial assets, at fair value | € 5,469 | |
[1] | Individual amounts included herein are lower than €50 million. |
Financial assets held for tra_6
Financial assets held for trading (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | ||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Current financial assets at fair value through profit or loss, classified as held for trading | € 6,552 | [1] | € 6,012 | |
Top of range [member] | ||||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Nominal and Fair Value Credit Rating | 50 | |||
Eni Insurance DAC [Member] | Reclassification Due To Changes In Accounting Principles IFRS 9 [Member] | ||||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Current financial assets at fair value through profit or loss, classified as held for trading | € 207 | |||
Securities lending [member] | ||||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Current financial assets at fair value through profit or loss, classified as held for trading | 1,301 | |||
Securities lending [member] | Reclassification Due To Changes In Accounting Principles IFRS 9 [Member] | ||||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Current financial assets at fair value through profit or loss, classified as held for trading | € 845 | |||
Level 1 of fair value hierarchy [member] | ||||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Financial assets, at fair value | 6,362 | |||
Level 2 of fair value hierarchy [member] | ||||
Disclosure Of Financial Assets Held For Trading [Line Items] | ||||
Financial assets, at fair value | € 190 | |||
[1] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Trade and other receivables (De
Trade and other receivables (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables | € 14,101 | € 14,156 | € 15,421 |
Previously stated [member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables | 14,156 | ||
Increase Decrease Due To Application Of IFRS 9 [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables | 427 | (427) | |
Increase (decrease) due to application of IFRS 15 [member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables | (372) | ||
Reclassification to other current assets IFRS 15 [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables | € 372 | € (466) |
Trade and other receivables (_2
Trade and other receivables (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade receivables | € 10,182 | ||
Receivables from operators in E&P activities | € 3,024 | 3,369 | |
Trade receivables | 14,101 | 15,421 | € 14,156 |
Exploration & Production [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade receivables | 9,520 | 10,182 | |
Receivables from divestments | 122 | 597 | |
Other receivables | 1,435 | 1,273 | |
Trade receivables | € 14,101 | € 15,421 |
Trade and other receivables (_3
Trade and other receivables (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 17,251 | ||
Allowance for doubtful accounts | (3,150) | ||
Trade and other current receivables | € 14,101 | € 14,156 | € 15,421 |
Expected loss (% net of counterpart risk mitigation factors) | |||
Business customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 8,541 | ||
National Oil Companies and public administrations [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 4,338 | ||
Other counterparties [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 4,372 | ||
Defaulted receivables [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 3,838 | ||
Allowance for doubtful accounts | (2,237) | ||
Trade and other current receivables | € 1,601 | ||
Expected loss (% net of counterpart risk mitigation factors) | 62.50% | ||
Defaulted receivables [Member] | Business customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 1,350 | ||
Defaulted receivables [Member] | National Oil Companies and public administrations [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 2,217 | ||
Defaulted receivables [Member] | Other counterparties [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 271 | ||
Eni gas e luce customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Expected loss (% net of counterpart risk mitigation factors) | 36.10% | ||
Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 2,374 | ||
Allowance for doubtful accounts | (857) | ||
Trade and other current receivables | € 1,517 | ||
Expected loss (% net of counterpart risk mitigation factors) | 36.10% | ||
Retail customers [Member] | Business customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | |||
Retail customers [Member] | National Oil Companies and public administrations [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | |||
Retail customers [Member] | Other counterparties [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 2,374 | ||
Low risk [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 5,240 | ||
Allowance for doubtful accounts | (9) | ||
Trade and other current receivables | € 5,231 | ||
Expected loss (% net of counterpart risk mitigation factors) | 0.20% | ||
Low risk [Member] | Business customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 2,454 | ||
Low risk [Member] | National Oil Companies and public administrations [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 1,292 | ||
Low risk [Member] | Other counterparties [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 1,494 | ||
Medium Risk [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 3,819 | ||
Allowance for doubtful accounts | (3) | ||
Trade and other current receivables | € 3,816 | ||
Expected loss (% net of counterpart risk mitigation factors) | 0.10% | ||
Medium Risk [Member] | Business customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 3,585 | ||
Medium Risk [Member] | National Oil Companies and public administrations [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 157 | ||
Medium Risk [Member] | Other counterparties [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 77 | ||
High Risk [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 1,980 | ||
Allowance for doubtful accounts | (44) | ||
Trade and other current receivables | € 1,936 | ||
Expected loss (% net of counterpart risk mitigation factors) | 2.60% | ||
High Risk [Member] | Business customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 1,152 | ||
High Risk [Member] | National Oil Companies and public administrations [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | 672 | ||
High Risk [Member] | Other counterparties [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Trade and other current receivables gross | € 156 |
Trade and other receivables (_4
Trade and other receivables (Details 3) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 17,251 | ||
Allowance for doubtful accounts | (3,150) | ||
Net amount | € 14,101 | € 14,156 | € 15,421 |
Expected loss (%) | |||
Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 2,374 | ||
Allowance for doubtful accounts | (857) | ||
Net amount | € 1,517 | ||
Expected loss (%) | 36.10% | ||
Not-past due [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 1,231 | ||
Allowance for doubtful accounts | (20) | ||
Net amount | € 1,211 | ||
Expected loss (%) | 1.60% | ||
from 0 to 3 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 94 | ||
Allowance for doubtful accounts | (18) | ||
Net amount | € 76 | ||
Expected loss (%) | 19.10% | ||
from 3 to 6 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 48 | ||
Allowance for doubtful accounts | (18) | ||
Net amount | € 30 | ||
Expected loss (%) | 37.50% | ||
from 6 to 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 95 | ||
Allowance for doubtful accounts | (56) | ||
Net amount | € 39 | ||
Expected loss (%) | 58.90% | ||
over 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 906 | ||
Allowance for doubtful accounts | (745) | ||
Net amount | € 161 | ||
Expected loss (%) | 82.20% | ||
Retail customers – Gas & Power Retail [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 1,276 | ||
Retail customers – Gas & Power Retail [member] | Not-past due [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 575 | ||
Retail customers – Gas & Power Retail [member] | from 0 to 3 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 49 | ||
Retail customers – Gas & Power Retail [member] | from 3 to 6 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 34 | ||
Retail customers – Gas & Power Retail [member] | from 6 to 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 64 | ||
Retail customers – Gas & Power Retail [member] | over 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 554 | ||
Retail customers – Gas & Power Middle [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 883 | ||
Retail customers – Gas & Power Middle [member] | Not-past due [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 449 | ||
Retail customers – Gas & Power Middle [member] | from 0 to 3 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 43 | ||
Retail customers – Gas & Power Middle [member] | from 3 to 6 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 13 | ||
Retail customers – Gas & Power Middle [member] | from 6 to 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 29 | ||
Retail customers – Gas & Power Middle [member] | over 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 349 | ||
Retail customers – Gas & Power Other [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 215 | ||
Retail customers – Gas & Power Other [member] | Not-past due [member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 207 | ||
Retail customers – Gas & Power Other [member] | from 0 to 3 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 2 | ||
Retail customers – Gas & Power Other [member] | from 3 to 6 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 1 | ||
Retail customers – Gas & Power Other [member] | from 6 to 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | 2 | ||
Retail customers – Gas & Power Other [member] | over 12 months [Member] | Retail customers [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Retail customers – Gas & Power Gross amount | € 3 |
Trade and other receivables (_5
Trade and other receivables (Details 4) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | |
Disclosure Of Trade And Other Receivables [Line Items] | |||
Reversal, allowance account for credit losses of financial assets | € (120) | ||
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 498 | ||
Carrying amount, End of period | 3,150 | ||
Changes in accounting policies (IFRS 9) | 294 | ||
Performing receivables [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Reversal, allowance account for credit losses of financial assets | (189) | ||
Defaulted receivables [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Reversal, allowance account for credit losses of financial assets | (532) | ||
Carrying amount, End of period | 2,237 | ||
Trade receivables [member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Carrying amount, Beginning of period | 2,639 | $ 2,639 | |
Other changes | 307 | ||
Carrying amount, End of period | 3,150 | € 2,639 | |
Trade receivables [member] | Performing receivables [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Net Additional Allowance Recognised In Profit Or Loss Allowance Account For Credit Losses Of Financial Assets | 126 | ||
Trade receivables [member] | Defaulted receivables [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Net Additional Allowance Recognised In Profit Or Loss Allowance Account For Credit Losses Of Financial Assets | € 372 | ||
Trade receivables [member] | Previously stated [member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Carrying amount, Beginning of period | 2,303 | ||
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 927 | ||
Deductions | (454) | ||
Other changes | € (137) | ||
Trade receivables [member] | Increase Decrease Due To Application Of IFRS 9 [Member] | |||
Disclosure Of Trade And Other Receivables [Line Items] | |||
Changes in accounting policies (IFRS 9) | $ | $ 427 |
Trade and other receivables (_6
Trade and other receivables (Details 5) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Net (impairment losses) reversals of trade and other receivables | |
New or increased provisions | € (498) |
Credit losses | (37) |
Reversal of unutilized provisions | 120 |
Impairment loss on financial assets | € (415) |
Trade and other receivables (_7
Trade and other receivables (Details 6) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | € 10,182 | |
Other Receivables | € 300 | 5,239 |
Financial assets neither past due nor impaired [member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 8,800 | |
Other Receivables | 4,604 | |
Financial assets impaired [member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 567 | |
Other Receivables | 31 | |
within 90 days [member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 478 | |
Other Receivables | 21 | |
from 3 to 6 months [member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 46 | |
Other Receivables | 9 | |
from 6 to 12 months [member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 147 | |
Other Receivables | 202 | |
over 12 months [member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 144 | |
Other Receivables | 372 | |
Total Due [Member] | ||
Disclosure Of Trade And Other Receivables [Line Items] | ||
Trade receivables | 815 | |
Other Receivables | € 604 |
Trade and other receivables (_8
Trade and other receivables (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Jun. 30, 2019 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Decrease In Trade Receivables | € 662 | |||
Trade receivables | € 10,182 | |||
Current receivables from sale of properties | € 475 | |||
Interest Percentage In Project | 1.71% | |||
Other Receivables | € 300 | 5,239 | ||
Financing Receivables In Currencies Other Than Euro | 6,119 | |||
Trade and other current receivables | 14,101 | € 14,156 | 15,421 | |
Provision For Doubtful Accounts Increase | 427 | |||
Write off Of Trade Receivables | 153 | |||
Utilization Allowance Account For Credit Losses Of Trade And Other Receivables | 721 | |||
Other current assets | 2,258 | 1,573 | ||
Counterparty Risk Mitigation | 3,072 | |||
Subsequent Events [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Additionals Receivables From Sale Of Property | € 119 | |||
Trade receivables [member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Trade and other current receivables | 7,100 | |||
Reclassification to other current assets IFRS 15 [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Trade and other current receivables | 372 | € (466) | ||
Other current assets | € 466 | |||
Intererst One [Member] | Zohr project [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Proportion Of Ownership Interest Sold | 10.00% | |||
Intererst Two [Member] | Zohr project [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Proportion Of Ownership Interest Sold | 30.00% | |||
Gas And Power Segment [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Decrease In Trade Receivables | € 641 | |||
Allowance Account For Credit Losses Of Trade And Other Receivables At End Of Period | 108 | |||
Utilization Allowance Account For Credit Losses Of Trade And Other Receivables | 613 | |||
Exploration & Production [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Allowance Account For Credit Losses Of Trade And Other Receivables At End Of Period | 291 | |||
Retail Business [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Utilization Allowance Account For Credit Losses Of Trade And Other Receivables | 579 | |||
Factoring of receivables [member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Trade receivables | 1,769 | 2,051 | ||
Factoring of receivables [member] | Gas And Power Segment [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Trade receivables | 1,419 | |||
Factoring of receivables [member] | Refining Marketing and Chemical Segment [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Trade receivables | 350 | |||
Nigeria [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Other Receivables | 977 | 1,507 | ||
EGYPT | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Current Receivables From Sale Of Assets | 433 | |||
Nigerian National Oil Company [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Receivables Due From Joint Operators | 681 | 713 | ||
Allowance Account For Credit Losses Of Trade And Other Receivables At End Of Period | € 140 | |||
Kashagan project [Member] | ||||
Disclosure Of Trade And Other Receivables [Line Items] | ||||
Current Receivables From Sale Of Assets | € 153 |
Non-current and current inven_3
Non-current and current inventories (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Inventories [Line Items] | ||
Raw and auxiliary materials and consumables | € 889 | € 999 |
Materials and supplies | 1,451 | 1,566 |
Finished products and goods | 2,274 | 2,000 |
Certificates and emission rights | 37 | 56 |
Current inventories | € 4,651 | € 4,621 |
Non-current and current inven_4
Non-current and current inventories (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Inventories [Line Items] | ||
Current raw materials | € 889 | € 999 |
Inventories pledged as security for liabilities | 95 | 86 |
Current finished goods | 2,274 | 2,000 |
Inventory written Down Provision | 578 | 245 |
Inventory Held for Compliance Purpose | 1,217 | 1,283 |
Gas and petroleum products [Member] | ||
Inventories [Line Items] | ||
Current finished goods | 1,543 | 1,287 |
oil and petroleum [Member] | ||
Inventories [Line Items] | ||
Inventory Held for Compliance Purpose | 1,200 | 1,267 |
Crude Oil and Oil Products [Member] | ||
Inventories [Line Items] | ||
Inventory written Down Provision | 337 | |
Exploration & Production [Member] | ||
Inventories [Line Items] | ||
Current raw materials | 1,334 | 1,441 |
Chemical products [Member] | ||
Inventories [Line Items] | ||
Current finished goods | € 547 | € 489 |
Current income tax receivable_3
Current income tax receivables and payables (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current Tax Assets [Line Items] | ||
Income taxes Receivable | € 191 | € 191 |
Other taxes and duties Receivable | 561 | 729 |
Tax asset total | 752 | 920 |
Income taxes Payable | 440 | 472 |
Other taxes and duties Payable | 1,432 | 1,472 |
Total taxes and duties payable current | € 1,872 | € 1,944 |
Current income tax receivable_4
Current income tax receivables and payables (Details Textual) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current Tax Assets [Line Items] | ||
Current value added tax receivables | € 383 | € 452 |
Current excise tax payables | € 636 | € 824 |
Other assets (Details)
Other assets (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Other Current Assets [Abstract] | ||
Fair value of derivative financial instruments | € 1,594 | € 1,231 |
Other current assets | 664 | 342 |
Other current assets, Total | 2,258 | 1,573 |
Fair value of derivative financial instruments | 68 | 80 |
Other current assets | 724 | 1,243 |
Other non-current assets | € 792 | € 1,323 |
Other assets (Details Textual)
Other assets (Details Textual) - EUR (€) € in Millions | Jan. 02, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Adjustments for decrease (increase) in other assets | € 322 | ||
Current tax assets, non-current | € 422 | € 507 | |
Prepayments | 26 | 119 | |
Non Current Receivables From Others | 35 | 44 | |
Trade and other non-current receivables | € 9 | € 118 | |
Exploration Production Segment [Member] | |||
Adjustments for decrease (increase) in other assets | € 466 |
Property, plant and equipment_2
Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | € 63,158 | € 70,793 |
Additions | 8,778 | 8,490 |
Depreciation | (6,606) | (7,199) |
Reversals | 426 | 1,055 |
Impairments | (1,276) | (848) |
Write-off | (84) | (239) |
Disposals | (639) | (1,448) |
Currency translation differences | 2,098 | (7,025) |
Decrease through loss of control of subsidiary | (4,877) | |
Transfers | ||
Other changes | (676) | (421) |
Provisions for depreciation and impairments | 16,471 | |
Net book amount - end of the year | 60,302 | 63,158 |
Land and buildings [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 1,313 | 1,258 |
Additions | 18 | 22 |
Depreciation | (65) | (71) |
Reversals | 41 | 5 |
Impairments | (61) | (2) |
Disposals | (2) | (15) |
Currency translation differences | 2 | (5) |
Decrease through loss of control of subsidiary | 1 | |
Transfers | 81 | 84 |
Other changes | (54) | 37 |
Net book amount - end of the year | 1,274 | 1,313 |
E&P wells, plant and machinery [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 45,782 | 47,090 |
Additions | 432 | 42 |
Depreciation | (6,012) | (6,583) |
Reversals | 299 | 608 |
Impairments | (477) | (491) |
Write-off | (12) | (3) |
Disposals | (400) | |
Disposals | 3 | |
Currency translation differences | 1,623 | (5,155) |
Decrease through loss of control of subsidiary | (4,388) | |
Transfers | 6,795 | 9,940 |
Other changes | (786) | 331 |
Net book amount - end of the year | 42,856 | 45,782 |
Other plant and machinery [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 3,877 | 3,789 |
Additions | 173 | 190 |
Depreciation | (529) | (545) |
Reversals | 86 | 273 |
Impairments | (73) | (83) |
Write-off | (1) | (2) |
Disposals | (9) | (6) |
Currency translation differences | 36 | (143) |
Decrease through loss of control of subsidiary | 32 | |
Transfers | 461 | 629 |
Other changes | (152) | (225) |
Net book amount - end of the year | 3,901 | 3,877 |
E&P exploration assets and appraisal [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 1,371 | 1,905 |
Additions | 330 | 351 |
Depreciation | ||
Reversals | ||
Impairments | ||
Write-off | (66) | (232) |
Disposals | (32) | |
Currency translation differences | 53 | (193) |
Decrease through loss of control of subsidiary | (58) | |
Transfers | (294) | (265) |
Other changes | (37) | (195) |
Net book amount - end of the year | 1,267 | 1,371 |
E&P tangible assets in progress [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 9,469 | 15,135 |
Additions | 6,947 | 7,302 |
Depreciation | ||
Reversals | 169 | |
Impairments | (548) | (146) |
Write-off | (4) | (2) |
Disposals | (198) | (1,376) |
Currency translation differences | 385 | (1,527) |
Decrease through loss of control of subsidiary | (474) | |
Transfers | (6,501) | (9,673) |
Other changes | 119 | (413) |
Net book amount - end of the year | 9,195 | 9,469 |
Other tangible assets in progress and advances [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 1,346 | 1,616 |
Additions | 878 | 583 |
Depreciation | ||
Reversals | ||
Impairments | (117) | (126) |
Write-off | (1) | |
Disposals | (54) | |
Disposals | 2 | |
Currency translation differences | (1) | (2) |
Decrease through loss of control of subsidiary | 10 | |
Transfers | (542) | (715) |
Other changes | 234 | 44 |
Net book amount - end of the year | 1,809 | 1,346 |
Gross carrying amount [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 183,777 | |
Net book amount - end of the year | 183,284 | 183,777 |
Gross carrying amount [member] | Land and buildings [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 4,061 | |
Net book amount - end of the year | 4,060 | 4,061 |
Gross carrying amount [member] | E&P wells, plant and machinery [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 137,223 | |
Net book amount - end of the year | 135,467 | 137,223 |
Gross carrying amount [member] | Other plant and machinery [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 26,746 | |
Net book amount - end of the year | 27,516 | 26,746 |
Gross carrying amount [member] | E&P exploration assets and appraisal [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 1,371 | |
Net book amount - end of the year | 1,267 | 1,371 |
Gross carrying amount [member] | E&P tangible assets in progress [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 12,315 | |
Net book amount - end of the year | 12,559 | 12,315 |
Gross carrying amount [member] | Other tangible assets in progress and advances [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 2,061 | |
Net book amount - end of the year | 2,415 | 2,061 |
Accumulated impairment [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | 122,982 | 120,619 |
Accumulated impairment [member] | Land and buildings [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | 2,786 | 2,748 |
Accumulated impairment [member] | E&P wells, plant and machinery [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | 92,611 | 91,441 |
Accumulated impairment [member] | Other plant and machinery [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | 23,615 | 22,869 |
Accumulated impairment [member] | E&P exploration assets and appraisal [member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | ||
Accumulated impairment [member] | E&P tangible assets in progress [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | 3,364 | 2,846 |
Accumulated impairment [member] | Other tangible assets in progress and advances [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Provisions for depreciation and impairments | € 606 | € 715 |
Property, plant and equipment_3
Property, plant and equipment (Details 1) | 12 Months Ended |
Dec. 31, 2018 | |
Buildings [member] | Bottom of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Buildings [member] | Top of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 10 |
Mineral Exploration Wells And Plants [Member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | UOP |
Refining And Chemical Plants [Member] | Bottom of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Refining And Chemical Plants [Member] | Top of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 17 |
Gas Pipelines And Compression Stations [Member] | Bottom of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 2 |
Gas Pipelines And Compression Stations [Member] | Top of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 12 |
Power plants [Member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 5 |
Other Plant And Machinery [Member] | Bottom of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 6 |
Other Plant And Machinery [Member] | Top of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 12 |
Industrial And Commercial Equipment [Member] | Bottom of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 5 |
Industrial And Commercial Equipment [Member] | Top of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 25 |
Other assets [Member] | Bottom of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 10 |
Other assets [Member] | Top of range [member] | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |
Useful lives or depreciation rates, property, plant and equipment | 20 |
Property, plant and equipment_4
Property, plant and equipment (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Property Plant And Equipment Explanatory [Abstract] | |||
Costs for exploratory wells suspended - beginning of the period | € 1,263 | € 1,684 | € 1,737 |
Increases for which is ongoing the determination of proved reserves | 235 | 451 | 282 |
Amounts previously capitalized and expensed in the period | (217) | (109) | |
Reclassification to successful exploratory wells following the estimation of proved reserves | (278) | (276) | |
Disposals | (6) | (199) | |
Decrease through loss of control of subsidiary | (4,877) | ||
Reclassification to assets held for sale | (24) | ||
Currency translation differences | 49 | (178) | 50 |
Costs for exploratory wells suspended - end of the period | € 1,101 | € 1,263 | € 1,684 |
Property, plant and equipment_5
Property, plant and equipment (Details 3) € in Millions | Dec. 31, 2018EUR (€)bbl | Dec. 31, 2017EUR (€)bbl | Dec. 31, 2016EUR (€)bbl |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 1,101 | € 1,263 | € 1,684 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 34.10 | 33.26 | 32.85 |
within 1 year [Member] | |||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 111 | € 222 | € 16 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 7.02 | 7.95 | 1.05 |
between 1 and 3 years [Member] | |||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 87 | € 241 | € 609 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 2.88 | 3.87 | 10.25 |
beyond 3 years [Member] | |||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 903 | € 800 | € 1,059 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 24.20 | 21.44 | 21.55 |
fields including wells drilled over the last 12 months [Member] | |||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 111 | € 148 | € 9 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 7.02 | 5.88 | 0.55 |
fields for which the delineation campaign is in progress [Member] | |||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 217 | € 261 | € 251 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 4.66 | 4.69 | 3.51 |
fields including commercial discoveries that proceeds to sanctioning [Member] | |||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | |||
Costs capitalized and suspended for exploratory well activity | € | € 773 | € 854 | € 1,424 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | bbl | 22.42 | 22.69 | 28.79 |
Property, plant and equipment_6
Property, plant and equipment (Details 4) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | € 63,158 | € 70,793 |
Additions | 8,778 | 8,490 |
Reclassification to proved mineral interest | ||
Net book amount - end of the year | 60,302 | 63,158 |
Unproved Mineral Interest [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 2,390 | 2,450 |
Additions | 592 | 112 |
Net (impairments) reversals | (505) | 147 |
Reclassification to proved mineral interest | (110) | (7) |
Other changes and currency translation differences | 111 | (312) |
Net book amount - end of the year | 2,478 | 2,390 |
Unproved Mineral Interest [Member] | Congo [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 1,162 | 1,254 |
Additions | 26 | |
Net (impairments) reversals | (429) | 72 |
Reclassification to proved mineral interest | (32) | (7) |
Other changes and currency translation differences | 42 | (157) |
Net book amount - end of the year | 769 | 1,162 |
Unproved Mineral Interest [Member] | Nigeria [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 825 | 938 |
Additions | 56 | |
Net (impairments) reversals | ||
Reclassification to proved mineral interest | ||
Other changes and currency translation differences | 40 | (113) |
Net book amount - end of the year | 921 | 825 |
Unproved Mineral Interest [Member] | Turkmenistan [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 192 | 138 |
Additions | ||
Net (impairments) reversals | (76) | 75 |
Reclassification to proved mineral interest | (44) | |
Other changes and currency translation differences | 5 | (21) |
Net book amount - end of the year | 77 | 192 |
Unproved Mineral Interest [Member] | USA [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 99 | 113 |
Additions | ||
Net (impairments) reversals | ||
Reclassification to proved mineral interest | ||
Other changes and currency translation differences | 4 | (14) |
Net book amount - end of the year | 103 | 99 |
Unproved Mineral Interest [Member] | Algeria [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 105 | |
Additions | 112 | |
Net (impairments) reversals | ||
Reclassification to proved mineral interest | (32) | |
Other changes and currency translation differences | 4 | (7) |
Net book amount - end of the year | 77 | 105 |
Unproved Mineral Interest [Member] | Egypt [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Net book amount - beginning of the year | 7 | 7 |
Additions | 23 | |
Net (impairments) reversals | ||
Reclassification to proved mineral interest | (2) | |
Other changes and currency translation differences | 1 | |
Net book amount - end of the year | 29 | € 7 |
Unproved Mineral Interest [Member] | United Arab Emirates [Member] | ||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||
Additions | 487 | |
Other changes and currency translation differences | 15 | |
Net book amount - end of the year | € 502 |
Property, plant and equipment_7
Property, plant and equipment (Details Textual) € in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | Dec. 31, 2018USD ($) | |
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Borrowing costs capitalised | € 52 | € 73 | € 106 | |
Write Off Of Tangible Assets | 84 | 239 | ||
Increase (decrease) through net exchange differences, property, plant and equipment | 2,098 | (7,025) | ||
Provision for decommissioning, restoration and rehabilitation costs | 7,638 | $ 7,757 | ||
Property, plant and equipment, pledged as security | 24 | 24 | ||
Government grants | 125 | 110 | ||
Disposals, property, plant and equipment | (639) | (1,448) | ||
Provisions | 16,471 | |||
Property, plant and equipment | 60,302 | 63,158 | 70,793 | |
Changes In Property Plant And Equipment | € 4,800 | |||
Percentage of voting equity interests acquired | 69.60% | 69.60% | ||
Reclassification due to exploratory wells | € 166 | |||
Reclassification due to development wells and plants | 2,750 | |||
Wells Suspended and Transfer to Tangible Assets in Progress | 297 | |||
Write Off Of Tangible Assets | (84) | (239) | ||
Other comprehensive income, net of tax, exchange differences on translation | € 1,787 | € (5,573) | 1,198 | |
Umm Shaif and Nasr [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
PercentageOf Agreements Under Development | 10.00% | |||
Lower Zakum [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
PercentageOf Agreements Under Development | 5.00% | |||
Gasha [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
PercentageOf Agreements Under Development | 25.00% | |||
Accumulated impairment [member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Provisions | € 16,005 | |||
Unsuccessful Exploration [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Wells In Progress | € 1,101 | |||
Nigeria Government [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Proportion of ownership interest in joint operation | 50.00% | |||
Shell [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Proportion of ownership interest in joint operation | 50.00% | |||
Zohr Asset In Egypt [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Disposals, property, plant and equipment | ||||
Percentage Of Interest Sold | 10.00% | |||
Gains on disposals of property, plant and equipment | € 418 | |||
Proved mineral interest [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Property, plant and equipment | 382 | |||
NonProved mineral interest [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Property, plant and equipment | € 487 | |||
Bottom of range [member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Capitalisation rate of borrowing costs eligible for capitalisation | 2.30% | 1.60% | ||
Top of range [member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Capitalisation rate of borrowing costs eligible for capitalisation | 2.40% | 2.70% | ||
Exploration & Production Segment [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Borrowing costs capitalised | € 52 | € 72 | ||
Write Off Of Tangible Assets | 237 | |||
Write Off Of Tangible Assets | (237) | |||
Refining & Marketing Business [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Recognised finance lease as assets | 46 | € 29 | ||
Exploration And Production Segment Total [Member] | ||||
Disclosure Of Property Plant And Equipment Explanatory [Line Items] | ||||
Provision for decommissioning, restoration and rehabilitation costs | € 503 |
Intangible assets (Details)
Intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | € 2,925 | € 3,269 |
Additions | 341 | 191 |
Amortization | (384) | (286) |
Reversals | (16) | 32 |
Impairments | (14) | |
Write-off | (16) | (24) |
Currency translation differences | 47 | (141) |
Change through loss of control of subsidiary | 120 | |
Other changes | 66 | (102) |
Net carrying amount at the end of the year | 3,170 | 2,925 |
Previously stated [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 2,925 | |
Net carrying amount at the end of the year | 2,925 | |
Increase (decrease) due to changes in accounting policy [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Changes in accounting policies (IFRS 9 and 15) | 87 | |
Intangible exploration and evaluation assets [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 995 | 1,092 |
Additions | 133 | 91 |
Amortization | (71) | (65) |
Reversals | 32 | |
Impairments | (14) | |
Write-off | (15) | (24) |
Currency translation differences | 39 | (115) |
Other changes | (2) | |
Net carrying amount at the end of the year | 1,081 | 995 |
Intangible exploration and evaluation assets [member] | Previously stated [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 995 | |
Net carrying amount at the end of the year | 995 | |
Copyrights, patents and other industrial property rights, service and operating rights [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 240 | 259 |
Additions | 28 | 17 |
Amortization | (87) | (84) |
Currency translation differences | (1) | |
Other changes | 40 | 49 |
Net carrying amount at the end of the year | 221 | 240 |
Copyrights, patents and other industrial property rights, service and operating rights [member] | Previously stated [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 240 | |
Net carrying amount at the end of the year | 240 | |
Other Intangible Assets [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 486 | 598 |
Additions | 180 | 83 |
Amortization | (226) | (137) |
Reversals | (16) | |
Write-off | (1) | |
Currency translation differences | (2) | |
Change through loss of control of subsidiary | 74 | |
Other changes | (56) | |
Net carrying amount at the end of the year | 584 | 486 |
Other Intangible Assets [Member] | Previously stated [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 486 | |
Net carrying amount at the end of the year | 486 | |
Other Intangible Assets [Member] | Increase (decrease) due to changes in accounting policy [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Changes in accounting policies (IFRS 9 and 15) | 87 | |
Goodwill [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,204 | 1,320 |
Currency translation differences | 8 | (23) |
Change through loss of control of subsidiary | 46 | |
Other changes | 26 | (93) |
Net carrying amount at the end of the year | 1,284 | 1,204 |
Goodwill [Member] | Previously stated [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,204 | |
Net carrying amount at the end of the year | 1,204 | |
Gross carrying amount [member] | Intangible exploration and evaluation assets [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,504 | |
Net carrying amount at the end of the year | 1,686 | 1,504 |
Gross carrying amount [member] | Copyrights, patents and other industrial property rights, service and operating rights [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,466 | |
Net carrying amount at the end of the year | 1,534 | 1,466 |
Gross carrying amount [member] | Other Intangible Assets [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 3,778 | |
Net carrying amount at the end of the year | 4,188 | 3,778 |
Accumulated impairment [member] | Intangible exploration and evaluation assets [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 509 | |
Net carrying amount at the end of the year | 605 | 509 |
Accumulated impairment [member] | Copyrights, patents and other industrial property rights, service and operating rights [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,226 | |
Net carrying amount at the end of the year | 1,313 | 1,226 |
Accumulated impairment [member] | Other Intangible Assets [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 3,292 | |
Net carrying amount at the end of the year | 3,604 | 3,292 |
Intangible Assets With Finite Useful Life [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,721 | 1,949 |
Additions | 341 | 191 |
Amortization | (384) | (286) |
Reversals | (16) | 32 |
Impairments | (14) | |
Write-off | (16) | (24) |
Currency translation differences | 39 | (118) |
Change through loss of control of subsidiary | 74 | |
Other changes | 40 | (9) |
Net carrying amount at the end of the year | 1,886 | 1,721 |
Intangible Assets With Finite Useful Life [Member] | Previously stated [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 1,721 | |
Net carrying amount at the end of the year | 1,721 | |
Intangible Assets With Finite Useful Life [Member] | Increase (decrease) due to changes in accounting policy [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Changes in accounting policies (IFRS 9 and 15) | 87 | |
Intangible Assets With Finite Useful Life [Member] | Gross carrying amount [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 6,748 | |
Net carrying amount at the end of the year | 7,408 | 6,748 |
Intangible Assets With Finite Useful Life [Member] | Accumulated impairment [member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Net carrying amount – beginning of the year | 5,027 | |
Net carrying amount at the end of the year | € 5,522 | € 5,027 |
Intangible assets (Details 1)
Intangible assets (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Intangible exploration and evaluation assets | € 1,081 | € 995 |
Proved licence and leasehold property acquisition costs [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Intangible exploration and evaluation assets | 357 | 403 |
Unproved licence and leasehold property acquisition costs [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Intangible exploration and evaluation assets | 684 | 586 |
Other Mineral Interests [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Intangible exploration and evaluation assets | € 40 | € 6 |
Intangible assets (Details 2)
Intangible assets (Details 2) | 12 Months Ended |
Dec. 31, 2018 | |
Exploration rights [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | UOP - 33 |
Transport rights of natural gas [Member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 3 |
Other concessions, licenses, trademarks and similar items [Member] | Bottom of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 3 |
Other concessions, licenses, trademarks and similar items [Member] | Top of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 33 |
Service concession arrangements [Member] | Bottom of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 20 |
Service concession arrangements [Member] | Top of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 33 |
Capitalized costs for customer acquisition [Member] | Bottom of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 25 |
Capitalized costs for customer acquisition [Member] | Top of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 33 |
Other intangible assets [Member] | Bottom of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 4 |
Other intangible assets [Member] | Top of range [member] | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |
Useful lives or amortisation rates, intangible assets other than goodwill | 20 |
Intangible assets (Details 3)
Intangible assets (Details 3) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Goodwill | € 1,204 | |
Gas & Power [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Goodwill | 932 | |
Exploration & Production [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Goodwill | 179 | |
Refining & Marketing [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Goodwill | € 93 | |
Other Activities [Member] | ||
Disclosure Of Intangible Assets Explanatory [Line Items] | ||
Goodwill | € 1 |
Intangible assets (Details 4)
Intangible assets (Details 4) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Goodwill | € 1,204 | |
Gas And Power [Member] | ||
Goodwill | 932 | |
Gas And Power [Member] | Domestic Gas Market [Member] | ||
Goodwill | 835 | 835 |
Gas And Power [Member] | European Gas Market [Member] | ||
Goodwill | € 142 | € 97 |
Intangible assets (Details Text
Intangible assets (Details Textual) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | |
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Goodwill | € 1,204 | ||
Proportion of ownership interest in subsidiary | 80.00% | 80.00% | |
Impairment loss | € 1,701 | € 913 | |
Impairment Loss Hypothesis Used | a decrease of 63% on average in the projected volumes or commercial margins; (ii) an increase of 12.1 percentage points in the discount rate; and (iii) a final negative nominal growth rate of 26.2%. | a decrease of 63% on average in the projected volumes or commercial margins; (ii) an increase of 12.1 percentage points in the discount rate; and (iii) a final negative nominal growth rate of 26.2%. | |
Acquisitions through business combinations, intangible assets and goodwill | € 45 | ||
CGU Domestic Gas Market [Member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Goodwill | € 706 | ||
Foreign countries [member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Discount rate applied to cash flow projections | 5.40% | ||
Tax rate effect of impairment of goodwill | 6.10% | 6.10% | |
ThessalonikiThessalia SA [Member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Proportion of ownership interest in subsidiary | 49.00% | 49.00% | |
Acquisitions through business combinations, intangible assets and goodwill | $ | $ 51 | ||
Eni Gas & Power France SA [Member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Acquisitions through business combinations, intangible assets and goodwill | $ | $ 95 | ||
Customer-Related Intangible Assets [Member] | Retail Gas [Member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Intangible assets other than goodwill | € 166 | ||
Licences and franchises [member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Intangible assets other than goodwill | 151 | ||
Licences and franchises [member] | Gas Imports [Member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Intangible assets other than goodwill | 27 | ||
Intangible assets under development [member] | |||
Disclosure Of Intangible Assets Explanatory [Line Items] | |||
Intangible assets other than goodwill | € 78 |
Net reversal (impairment) of _2
Net reversal (impairment) of tangible and intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | € 862 | € 1,067 | |
Reversal of impairment loss recognised in profit or loss | |||
Impairment loss (reversal of impairment loss) recognised in profit or loss | 866 | € (225) | € (475) |
Intangible Assets [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | |||
Intangible assets other than goodwill [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Reversal of impairment loss recognised in profit or loss | |||
Property, Plant and Equipment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | |||
Reversal of impairment loss recognised in profit or loss |
Net reversal (impairment) of _3
Net reversal (impairment) of tangible and intangible assets (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | € 862 | € 1,067 | |
Property, Plant and Equipment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | |||
Impairment Loss Recognized Tax Effects | |||
Exploration & Production [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | 1,025 | 650 | 740 |
Exploration & Production [Member] | Property, Plant and Equipment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | |||
Impairment Loss Recognized Tax Effects | |||
Gas And Power [Member] | Property, Plant and Equipment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | |||
Impairment Loss Recognized Tax Effects | |||
Refining & Marketing and Chemical [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | 193 | 131 | 120 |
Refining & Marketing and Chemical [Member] | Property, Plant and Equipment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | |||
Impairment Loss Recognized Tax Effects | |||
Corporate And Other Activities [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss | 18 | € 25 | € 40 |
Corporate And Other Activities [Member] | Property, Plant and Equipment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss recognised in profit or loss |
Net reversal (impairment) of _4
Net reversal (impairment) of tangible and intangible assets (Details Textual) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€)bbl$ / bbl$ / BBL | Dec. 31, 2018USD ($)bbl$ / bbl$ / BBL | Dec. 31, 2017EUR (€) | |
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Discount rate used in current measurement of fair value less costs of disposal | 0.00% | 0.00% | |
Impairment loss | € 1,701 | € 913 | |
Profitability margin per barrel | bbl | 5 | 5 | |
Disclosure of amount of impairment loss based on which weighted average cost of capital is disclosed | WACC relating to impairment losses/reversals of impairments of more than 100 million | WACC relating to impairment losses/reversals of impairments of more than 100 million | |
Long Term Assumption For Benchmark Brent Price | $ / bbl | 85 | 85 | |
Oil Price | $ / BBL | 60 | 60 | |
Predicted Oil Price | $ / BBL | 70 | 70 | |
Decrease in oil price | $ / BBL | 20 | 20 | |
Gas Distribution Company of Thessaloniki Thessaly SA [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Additional recognition, goodwill | $ | |||
Bottom of range [member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Weighted Average Cost Of Capital Percentage | 6.20% | 6.20% | |
Top of range [member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Weighted Average Cost Of Capital Percentage | 16.00% | 16.00% | |
Oil & Gas and refining business segment [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Weighted Average Cost Of Capital Marginal Decrease Percentage | 0.50% | 0.50% | |
Weighted Average Cost Of Capital Percentage | 7.30% | 7.30% | |
Gas & Power [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss | € 66 | ||
Refining & Marketing business line [Member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Impairment loss | € 156 | ||
Exploration & Production [Member] | Individual assets or cash-generating units [member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Weighted Average Cost Of Capital Percentage | 6.00% | 6.00% | |
Reversal of impairment loss | $ | $ 299 | ||
Impairment loss | € 1,025 | ||
Exploration & Production [Member] | Bottom of range [member] | Individual assets or cash-generating units [member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Weighted Average Cost Of Capital Pre Tax Rate Percentage | 6.00% | 6.00% | |
Exploration & Production [Member] | Top of range [member] | Individual assets or cash-generating units [member] | |||
Disclosure Of Impairment Of Assets Explanatory [Line Items] | |||
Weighted Average Cost Of Capital Pre Tax Rate Percentage | 9.00% | 9.00% |
Investments (Details)
Investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | € 3,511 | € 4,040 |
Additions and subscriptions | 120 | 507 |
Divestments and reimbursements | (151) | (462) |
Share of profit of equity-accounted investments | 124 | |
Share of loss of equity-accounted investments | (353) | |
Deduction for dividends | (86) | |
Changes in the scope of consolidation | 3,448 | 2 |
Currency translation differences | (268) | |
Other changes | 7 | |
Book amount – end of the year | 7,044 | 3,511 |
Previously stated [member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount – beginning of the year | 4,040 | |
Book amount restated – beginning of the year | 3,511 | 4,040 |
Book amount – end of the year | 3,511 | |
Increase (decrease) due to application of IFRS 15 and IFRS 9 [Member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | (37) | |
Book amount – end of the year | (37) | |
Joint ventures [member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | 2,298 | 2,675 |
Additions and subscriptions | 28 | 63 |
Divestments and reimbursements | (3) | |
Share of profit of equity-accounted investments | 49 | |
Share of loss of equity-accounted investments | (340) | |
Deduction for dividends | (41) | |
Changes in the scope of consolidation | 3,448 | |
Currency translation differences | (127) | |
Other changes | 53 | |
Book amount – end of the year | 5,497 | 2,298 |
Joint ventures [member] | Previously stated [member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | 2,332 | 2,675 |
Book amount – end of the year | 2,332 | |
Joint ventures [member] | Increase (decrease) due to application of IFRS 15 and IFRS 9 [Member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | (34) | |
Book amount – end of the year | (34) | |
Associates [member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | 1,060 | 1,197 |
Additions and subscriptions | 92 | 444 |
Divestments and reimbursements | (115) | (462) |
Share of profit of equity-accounted investments | 66 | |
Share of loss of equity-accounted investments | (6) | |
Deduction for dividends | (13) | |
Currency translation differences | (128) | |
Other changes | (35) | |
Book amount – end of the year | 1,452 | 1,060 |
Associates [member] | Previously stated [member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | 1,063 | 1,197 |
Book amount – end of the year | 1,063 | |
Associates [member] | Increase (decrease) due to application of IFRS 15 and IFRS 9 [Member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | (3) | |
Book amount – end of the year | (3) | |
Investments in unconsolidated entities controlled by Eni [Member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | 116 | 168 |
Divestments and reimbursements | (33) | |
Share of profit of equity-accounted investments | 9 | |
Share of loss of equity-accounted investments | (7) | |
Deduction for dividends | (32) | |
Changes in the scope of consolidation | 2 | |
Currency translation differences | (13) | |
Other changes | (11) | |
Book amount – end of the year | 95 | 116 |
Investments in unconsolidated entities controlled by Eni [Member] | Previously stated [member] | ||
Disclosure Of Investments [Line Items] | ||
Book amount restated – beginning of the year | € 116 | 168 |
Book amount – end of the year | € 116 |
Investments (Details 1)
Investments (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 7,044 | € 3,511 | € 4,040 |
Proportion of ownership interest in associate | 13.60% | ||
Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 1,452 | 1,063 | |
Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | 5,497 | 2,332 | |
Unconsolidated structured entities [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | 95 | 116 | |
Eni BTC Ltd [Member] | Unconsolidated structured entities [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 31 | € 63 | |
Proportion Of Ownership Interest In Investments In Unconsolidated Entities | 100.00% | 100.00% | |
Saipem SpA [Member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 1,288 | € 1,413 | |
Proportion of ownership interest in joint venture | 30.99% | 31.00% | |
Saipem SpA [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 1,228 | € 1,413 | |
Proportion of ownership interest in joint venture | 30.99% | 31.00% | |
Union Fenosa Gas SA [Member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 335 | € 350 | |
Proportion of ownership interest in joint venture | 50.00% | 50.00% | |
Union Fenosa Gas SA [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 335 | € 350 | |
Proportion of ownership interest in joint venture | 50.00% | 50.00% | |
Petro Junin SA [Member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 47 | € 210 | |
Proportion of ownership interest in joint venture | 40.00% | 40.00% | |
Petro Junin SA [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 47 | € 210 | |
Proportion of ownership interest in joint venture | 40.00% | 40.00% | |
Gas Distribution Company of Thessaloniki [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 137 | € 137 | |
Proportion of ownership interest in joint venture | 49.00% | 49.00% | |
Lotte Versalis Elastomers Co Ltd [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 75 | € 114 | |
Proportion of ownership interest in joint venture | 50.00% | 50.00% | |
AET Raffineriebeteiligungsgesellschaft mbH [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 32 | € 32 | |
Proportion of ownership interest in joint venture | 33.33% | 33.33% | |
Angola LNG Ltd [Member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 95 | € 802 | |
Proportion of ownership interest in associate | 13.60% | ||
Angola LNG Ltd [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 1,106 | € 802 | |
Proportion of ownership interest in associate | 13.60% | 13.60% | |
United Gas Derivatives Co [Member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 102 | € 54 | |
Proportion of ownership interest in associate | 25.00% | 25.00% | |
United Gas Derivatives Co [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 62 | € 82 | |
Proportion of ownership interest in associate | 33.33% | 33.33% | |
Novamont SpA [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 67 | € 71 | |
Proportion of ownership interest in associate | 25.00% | 25.00% | |
Coral FLNG SA [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 102 | € 54 | |
Proportion of ownership interest in associate | 25.00% | 25.00% | |
Other investments [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 73 | € 54 | |
Other investments [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | 47 | 76 | |
Other investments [Member] | Unconsolidated structured entities [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | 64 | € 53 | |
CARDON IV SA [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 98 | ||
Proportion of ownership interest in joint venture | 50.00% | ||
Commonwealth fusion system Llc [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 42 | ||
Proportion of ownership interest in associate | 33.72% | ||
Var Energi AS [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Net carrying amount | € 3,498 | ||
Proportion of ownership interest in joint venture | 69.60% |
Investments (Details 2)
Investments (Details 2) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Investments [Line Items] | ||
Book value | € 1,228 | |
Saipem SpA [Member] | ||
Disclosure Of Investments [Line Items] | ||
% of the investment | 30.99% | 31.00% |
Joint ventures [member] | Saipem SpA [Member] | ||
Disclosure Of Investments [Line Items] | ||
Number of shares held | 308,767,968 | |
% of the investment | 30.99% | 31.00% |
Share price | € 3.265 | |
Market value | € 1,008 |
Investments (Details 3)
Investments (Details 3) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Investments [Line Items] | ||
Changes in accounting policies (IFRS 9) | € 681 | |
Net book amount at the beginning of the year | 219 | € 276 |
Additions and subscriptions | 5 | 3 |
Change in the fair value | 15 | |
Divestments and reimbursements | (22) | (19) |
Currency translation differences | 31 | (23) |
Other changes | (10) | (18) |
Net book amount at the Ending of the year | 919 | 219 |
Gross carrying amount [member] | ||
Disclosure Of Investments [Line Items] | ||
Net book amount at the beginning of the year | € 219 | 276 |
Net book amount at the Ending of the year | € 219 |
Investments (Details Textual)
Investments (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Investments [Line Items] | |||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | € 58 | ||
Investments accounted for using equity method | € 7,044 | € 3,511 | € 4,040 |
Percentage of voting equity interests acquired | 69.60% | ||
Increase Through Write Up Of Assets | € 681 | ||
Nigeria LNG Ltd [Member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 651 | 99 | |
Increase Through Write Up Of Assets | 511 | ||
Saudi European Petro chemical Co [Member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 144 | 13 | |
Increase Through Write Up Of Assets | 130 | ||
Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 1,452 | 1,063 | |
Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 5,497 | 2,332 | |
Angola LNG Ltd [Member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 95 | 802 | |
Angola LNG Ltd [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 1,106 | 802 | |
Union Fenosa Gas SA [Member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | 335 | 350 | |
Union Fenosa Gas SA [Member] | Joint ventures [member] | |||
Disclosure Of Investments [Line Items] | |||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | 15 | ||
Investments accounted for using equity method | 335 | 350 | |
Novamont SpA [Member] | Associates [member] | |||
Disclosure Of Investments [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 | 67 | 71 | |
Coral FLNG SA [Member] | |||
Disclosure Of Investments [Line Items] | |||
Additional Capital Contributed In Associates Accounted Under Equity Method | 48 | ||
Coral FLNG SA [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | € 102 | € 54 | |
Commonwealth fusion system Llc [Member] | |||
Disclosure Of Investments [Line Items] | |||
Percentage of voting equity interests acquired | 33.72% | ||
Consideration transferred, acquisition-date fair value | € 42 | ||
Commonwealth fusion system Llc [Member] | Associates [member] | |||
Disclosure Of Investments [Line Items] | |||
Investments accounted for using equity method | € 42 |
Other financial assets (Details
Other financial assets (Details) € in Thousands | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) |
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 1,253,000 | € 1,675,000 | $ 1,675 |
Other current financial assets | 300,000 | 316,000 | |
Financing receivables held for operating purposes [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | 1,189 | 1,602 | |
Other current financial assets | 23 | ||
Financing receivables held for operating purposes two [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other current financial assets | 51 | 84 | |
Financing receivables held for operating purposes [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | 1,189 | 1,602 | |
Other current financial assets | 112 | 107 | |
Financing receivables held for non-operating purposes [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other current financial assets | 188 | 209 | |
Financing receivables held for operating and non operating purpose [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | 1,189 | 1,602 | |
Other current financial assets | 300 | 316 | |
Securities held for operating purposes [member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 64 | € 73,000 | $ 73 |
Other financial assets (Detai_2
Other financial assets (Details 1) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Additions | € 498 |
Deductions | (120) |
Carrying amount, End of period | 3,150 |
Financing receivables held for operating purposes [Member] | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Carrying amount, Beginning of period | |
Additions | |
Deductions | (596) |
Currency translation differences | |
Carrying amount, End of period |
Other financial assets (Detai_3
Other financial assets (Details 2) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | In Italy [Member] | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Financial assets at amortised cost | € 24 |
Nominal Amount | 24 |
Financial assets, at fair value | € 25 |
Financial Assets Maturity Date | from 2019 to 2025 |
External Rating By Moodys Grade | Baa3 |
External Rating By Sp Grade | BBB |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | In Italy [Member] | Bottom of range [member] | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Financial Assets Nominal Rate Of Return | 0.20 |
Quoted bonds issued by sovereign states, Fixed rate bonds [Member] | In Italy [Member] | Top of range [member] | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Financial Assets Nominal Rate Of Return | 4.75 |
Quoted bonds issued by sovereign states, Floating rate bonds [Member] | In Italy [Member] | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Financial assets at amortised cost | € 8 |
Nominal Amount | 8 |
Financial assets, at fair value | € 8 |
Financial Assets Maturity Date | from 2019 to 2020 |
External Rating By Moodys Grade | Baa3 |
External Rating By Sp Grade | BBB |
Quoted bonds issued by sovereign states [Member] | |
Disclosure Of Financial Assets Explanatory [Line Items] | |
Financial assets at amortised cost | € 64 |
Nominal Amount | 64 |
Financial assets, at fair value | € 65 |
Other financial assets (Detai_4
Other financial assets (Details Textual) € in Thousands | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | |
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 1,253,000 | € 1,675,000 | $ 1,675 |
Securities Pledged As Guarantee Of The Deposit For Gas Cylinders | 20,000 | ||
Other current financial assets | 300,000 | 316,000 | |
Other financial assets | 1,301,000 | € 1,709,000 | |
Non-current financial assets at amortised cost | 1,188,000 | ||
Gas And Power Segment [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other financial assets | 103,000 | ||
Later than five years [member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other current financial assets | € 1,088,000 | ||
Securities Within Five Years Of Maturity [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Securities Maturity Period | Five years | ||
Top of range [member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Discount rate applied to cash flow projections | 2.90% | 2.90% | |
Discount Rate Unobservable Significant Input | 2.50% | ||
Bottom of range [member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Discount rate applied to cash flow projections | 0.20% | 0.20% | |
Discount Rate Unobservable Significant Input | 0.20% | ||
Held to maturity Investments Category [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 64 | € 73,000 | $ 73 |
Held to maturity Investments Category [Member] | European Investment Bank Bonds [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | 4,000 | ||
Securities held for operating purposes [Member] | Sovereign States Bonds [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | 69,000 | ||
Financing receivables held for operating purposes [Member] | Later than five years [member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 1,393,000 | ||
Matrica SpA [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Proportion of ownership interest in joint venture | 50.00% | ||
Cardon IV SA 1 [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 955,000 | ||
Other current financial assets | € 705,000 | ||
Joint ventures and associates [Member] | |||
Disclosure Of Financial Assets Explanatory [Line Items] | |||
Other non-current financial assets | € 1,075,000 |
Trade and other payables (Detai
Trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Trade payables | € 11,645 | € 10,890 | |
Down payments and advances from customers, joint venture partners in exploration and production | 545 | ||
Trade and other payables | € 16,747 | 16,748 | |
Previously stated [member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Trade payables | 10,890 | ||
Other payables | 5,061 | ||
Trade and other payables | € 15,305 | 16,748 | |
Previously stated [member] | From Customers [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Down payments and advances from customers, joint venture partners in exploration and production | 545 | ||
Previously stated [member] | Partners in E&P activities [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Down payments and advances from customers, joint venture partners in exploration and production | 252 | ||
Increase (decrease) due to application of IFRS 15 [member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Other payables | (113) | ||
Trade and other payables | (113) | ||
Reclassification to other current liabilities IFRS 15 [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Other payables | (785) | ||
Trade and other payables | (1,330) | ||
Reclassification to other current liabilities IFRS 15 [Member] | From Customers [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Down payments and advances from customers, joint venture partners in exploration and production | € (545) | ||
Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Trade payables | 10,890 | ||
Other payables | 4,163 | ||
Trade and other payables | (1,443) | ||
Increase (decrease) due to changes in accounting policy [member] | Partners in E&P activities [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Down payments and advances from customers, joint venture partners in exploration and production | € 252 |
Trade and other payables (Det_2
Trade and other payables (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Trade And Other Payables Explanatory [Line Items] | ||
Trade payables | € 11,645 | € 10,890 |
Down payments and advances from customers, partners in exploration & production activities | 545 | |
Down payments and advances from joint venture partners in exploration and production | 207 | 252 |
Payables for purchase of non-current assets | 2,530 | 2,094 |
Payables due to operators in exploration & production activities | 1,151 | 1,968 |
Other payables | 1,214 | 999 |
Trade and other current payables | € 16,747 | € 16,748 |
Trade and other payables (Det_3
Trade and other payables (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Adjustments for increase (decrease) in trade and other payables | € 642 | € 284 | € 1,495 |
Trade and other payables | 16,902 | 16,793 | |
Other current liabilities | 3,980 | € 1,515 | |
Euro [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Trade and other payables | 6,484 | ||
Us Dollar [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Trade and other payables | 9,403 | ||
Increase (decrease) due to application of IFRS 15 [member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Adjustments for increase (decrease) in trade and other payables | 113 | ||
Exploration & Production [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Other current liabilities | 1,004 | ||
Exploration & Production [Member] | Reclassification to other current liabilities IFRS 15 [Member] | |||
Disclosure Of Trade And Other Payables Explanatory [Line Items] | |||
Other current liabilities | € 785 |
Other liabilities (Details)
Other liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Other Liabilities Explanatory [Abstract] | ||
Fair value of derivatives financial instruments,Current | € 1,445 | € 1,011 |
Fair value of derivatives financial instruments,Non-current | 40 | 91 |
Liabilities from contracts with customers,Current | 1,108 | |
Liabilities from contracts with customers,Non-current | 518 | |
Cautionary deposits,Non-current | 268 | 255 |
Other liabilities,Current | 3,980 | 1,515 |
Other liabilities,Non-current | 1,502 | 1,479 |
Current Other Liabilities | 3,980 | 1,515 |
Non Current Other Liabilities | € 1,502 | € 1,479 |
Other liabilities (Details Text
Other liabilities (Details Textual) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Other Current Liabilities Explanatory [Line Items] | ||
Current advances received | € 545 | |
Other current liabilities | 3,980 | 1,515 |
Non-current deposits from customers | 268 | 255 |
Non-current liabilities | 38,859 | 42,027 |
Other non-current payables | 155 | 45 |
Current accrued expenses and other current liabilities | 1,626 | |
Other Miscellaneous liabilities Non Current | 518 | |
Long Term Agreement For Supplying Natural Gas And Electricity | 66 | |
Reclassification to other current liabilities IFRS 15 [Member] | ||
Disclosure Of Other Current Liabilities Explanatory [Line Items] | ||
Other current payables | € (785) | |
Exploration & Production [Member] | ||
Disclosure Of Other Current Liabilities Explanatory [Line Items] | ||
Other current liabilities | 1,004 | |
Exploration & Production [Member] | Reclassification to other current liabilities IFRS 15 [Member] | ||
Disclosure Of Other Current Liabilities Explanatory [Line Items] | ||
Other current liabilities | 785 | |
Other current payables | € 785 |
Financial liabilities (Details)
Financial liabilities (Details) € in Millions | Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) |
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | € 2,182 | € 2,242 | |
Current portion of long-term debt | 3,601 | 2,286 | |
Long-term debt | 20,082 | 20,179 | |
Total | 25,865 | 24,707 | |
Banks [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | 383 | 201 | |
Current portion of long-term debt | 768 | 801 | |
Long-term debt | 2,710 | 3,200 | |
Total | 3,861 | 4,202 | |
Ordinary Bonds [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | |||
Current portion of long-term debt | 2,781 | 1,445 | |
Long-term debt | 16,923 | 16,520 | |
Total | 19,704 | 17,965 | |
Convertible Bonds [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | |||
Current portion of long-term debt | |||
Long-term debt | 390 | 387 | |
Total | 390 | 387 | |
Commercial papers [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | 915 | 1,664 | |
Current portion of long-term debt | |||
Long-term debt | |||
Total | 915 | 1,664 | |
Other financial institutions [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | 884 | 377 | |
Current portion of long-term debt | 52 | 40 | |
Long-term debt | 59 | 72 | |
Total | 995 | 489 | |
Long term debt and current portion of longterm debt [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Short-term debt | 2,182 | 2,242 | |
Current portion of long-term debt | 3,601 | 2,286 | |
Long-term debt | 20,082 | 20,179 | |
Total | € 25,865 | € 24,707 |
Financial liabilities (Details
Financial liabilities (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | € 20,082 | € 20,179 |
Banks [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 2,710 | 3,200 |
Banks [Member] | Later than one year and not later than two years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 556 | |
Banks [Member] | Later than two years and not later than three years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 345 | |
Banks [Member] | Later than three years and not later than four years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 393 | |
Banks [Member] | Later than four years and not later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 829 | |
Banks [Member] | Later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 587 | |
Ordinary Bonds Issued [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 16,923 | |
Ordinary Bonds Issued [Member] | Later than one year and not later than two years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 2,391 | |
Ordinary Bonds Issued [Member] | Later than two years and not later than three years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 921 | |
Ordinary Bonds Issued [Member] | Later than three years and not later than four years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 698 | |
Ordinary Bonds Issued [Member] | Later than four years and not later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 1,858 | |
Ordinary Bonds Issued [Member] | Later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 11,055 | |
Convertible bonds issued [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 390 | |
Convertible bonds issued [Member] | Later than three years and not later than four years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 390 | |
Other Borrowings [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 59 | |
Other Borrowings [Member] | Later than one year and not later than two years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 9 | |
Other Borrowings [Member] | Later than two years and not later than three years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 10 | |
Other Borrowings [Member] | Later than three years and not later than four years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 9 | |
Other Borrowings [Member] | Later than four years and not later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 11 | |
Other Borrowings [Member] | Later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 20 | |
Long-term debt and current portion of long-term debt [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 20,082 | € 20,179 |
Long-term debt and current portion of long-term debt [Member] | Later than one year and not later than two years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 2,956 | |
Long-term debt and current portion of long-term debt [Member] | Later than two years and not later than three years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 1,276 | |
Long-term debt and current portion of long-term debt [Member] | Later than three years and not later than four years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 1,490 | |
Long-term debt and current portion of long-term debt [Member] | Later than four years and not later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | 2,698 | |
Long-term debt and current portion of long-term debt [Member] | Later than five years [member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Non-current portion of non-current borrowings | € 11,662 |
Financial liabilities (Detail_2
Financial liabilities (Details 2) € in Millions, ¥ in Millions, £ in Millions | 12 Months Ended | ||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018JPY (¥) | Dec. 31, 2017EUR (€) | |
Disclosure Of Information on net borrowings [Line Items] | |||||
Discount on bond issue and accrued expenses | $ | $ 179 | ||||
Borrowings | € 25,865 | € 24,707 | |||
Borrowings, maturity | 18 months | ||||
Euro Medium Term Notes [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 16,725 | ||||
Borrowings | 16,904 | ||||
Other Bonds [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings | 2,800 | ||||
Ordinary Bonds Issued [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | 2,793,000,000 | ||||
Discount on bond issue and accrued expenses | $ | 7,000,000 | ||||
Borrowings | $ 2,800,000,000 | 17,965 | |||
Ordinary Bonds [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | 19,518 | ||||
Discount on bond issue and accrued expenses | 186 | ||||
Borrowings | 19,704 | € 17,965 | |||
ENI SPA [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | |||||
Discount on bond issue and accrued expenses | |||||
Borrowings | |||||
Borrowings, original currency | EUR | ||||
Borrowings, maturity | |||||
Borrowings, interest rate | |||||
ENI SPA [Member] | Euro Medium Term Notes One [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,500 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,517 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes One [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2019 | ||||
Borrowings, interest rate | 4.125% | 4.125% | 4.125% | 4.125% | |
ENI SPA [Member] | Euro Medium Term Notes Two [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,200 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,216 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Two [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2025 | ||||
Borrowings, interest rate | 3.75% | 3.75% | 3.75% | 3.75% | |
ENI SPA [Member] | Euro Medium Term Notes Three [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,000 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,038 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Three [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2020 | ||||
Borrowings, interest rate | 4.25% | 4.25% | 4.25% | 4.25% | |
ENI SPA [Member] | Euro Medium Term Notes Five [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,000 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,027 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Five [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2029 | ||||
Borrowings, interest rate | 3.625% | 3.625% | 3.625% | 3.625% | |
ENI SPA [Member] | Euro Medium Term Notes Six [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,000 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,019 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Six [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2020 | ||||
Borrowings, interest rate | 4.00% | 4.00% | 4.00% | 4.00% | |
ENI SPA [Member] | Euro Medium Term Notes Seven [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,000 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,009 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Seven [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2023 | ||||
Borrowings, interest rate | 3.25% | 3.25% | 3.25% | 3.25% | |
ENI SPA [Member] | Euro Medium Term Notes Eight [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 1,000 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 1,008 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Eight [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2026 | ||||
Borrowings, interest rate | 1.50% | 1.50% | 1.50% | 1.50% | |
ENI SPA [Member] | Euro Medium Term Notes Nine [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 900 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 895 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Nine [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2024 | ||||
Borrowings, interest rate | 0.625% | 0.625% | 0.625% | 0.625% | |
ENI SPA [Member] | Euro Medium Term Notes Ten [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 800 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 802 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Ten [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2021 | ||||
Borrowings, interest rate | 2.625% | 2.625% | 2.625% | 2.625% | |
ENI SPA [Member] | Euro Medium Term Notes Eleven [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 800 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 799 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Eleven [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2028 | ||||
Borrowings, interest rate | 1.625% | 1.625% | 1.625% | 1.625% | |
ENI SPA [Member] | Euro Medium Term Notes Twevle [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 750 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 764 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Twevle [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2019 | ||||
Borrowings, interest rate | 3.75% | 3.75% | 3.75% | 3.75% | |
ENI SPA [Member] | Euro Medium Term Notes Thirteen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 750 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 758 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Thirteen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2024 | ||||
Borrowings, interest rate | 1.75% | 1.75% | 1.75% | 1.75% | |
ENI SPA [Member] | Euro Medium Term Notes Fourteen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 750 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 755 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Fourteen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2027 | ||||
Borrowings, interest rate | 1.50% | 1.50% | 1.50% | 1.50% | |
ENI SPA [Member] | Euro Medium Term Notes Fifteen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 700 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 701 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Fifteen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2022 | ||||
Borrowings, interest rate | 0.75% | 0.75% | 0.75% | 0.75% | |
ENI SPA [Member] | Euro Medium Term Notes Sixteen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 650 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 652 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Sixteen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2025 | ||||
Borrowings, interest rate | 1.00% | 1.00% | 1.00% | 1.00% | |
ENI SPA [Member] | Euro Medium Term Notes Seventeen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 600 | ||||
Discount on bond issue and accrued expenses | |||||
Borrowings | € 595 | ||||
Borrowings, original currency | EUR | ||||
ENI SPA [Member] | Euro Medium Term Notes Seventeen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2028 | ||||
Borrowings, interest rate | 1.125% | 1.125% | 1.125% | 1.125% | |
ENI SPA [Member] | Other Bonds [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | $ 873,000,000 | ||||
Discount on bond issue and accrued expenses | $ | 2,000,000 | ||||
Borrowings | $ | $ 875,000,000 | ||||
Borrowings, original currency | USD | ||||
ENI SPA [Member] | Other Bonds [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2023 | ||||
Borrowings, interest rate | 4.00% | 4.00% | 4.00% | 4.00% | |
ENI SPA [Member] | Other bonds One [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | $ 873,000,000 | ||||
Discount on bond issue and accrued expenses | $ | 1,000,000 | ||||
Borrowings | $ | $ 874,000,000 | ||||
Borrowings, original currency | USD | ||||
ENI SPA [Member] | Other bonds One [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2028 | ||||
Borrowings, interest rate | 4.75% | 4.75% | 4.75% | 4.75% | |
ENI SPA [Member] | Other bonds Two [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | $ 393,000,000 | ||||
Discount on bond issue and accrued expenses | $ | 4,000,000 | ||||
Borrowings | $ | $ 397,000,000 | ||||
Borrowings, original currency | USD | ||||
ENI SPA [Member] | Other bonds Two [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2020 | ||||
Borrowings, interest rate | 4.15% | 4.15% | 4.15% | 4.15% | |
ENI SPA [Member] | Other bonds Three [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | $ 305,000,000 | ||||
Discount on bond issue and accrued expenses | $ | 1,000,000 | ||||
Borrowings | $ | $ 306,000,000 | ||||
Borrowings, original currency | USD | ||||
ENI SPA [Member] | Other bonds Three [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2040 | ||||
Borrowings, interest rate | 5.70% | 5.70% | 5.70% | 5.70% | |
ENI SPA [Member] | Ordinary Bonds [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Discount on bond issue and accrued expenses | € 2 | ||||
Eni Finance International SA [Member] | Euro Medium Term Notes Eighteen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | £ | £ 335 | ||||
Discount on bond issue and accrued expenses | £ | 15 | ||||
Borrowings | £ | £ 350 | ||||
Borrowings, original currency | GBP | ||||
Eni Finance International SA [Member] | Euro Medium Term Notes Eighteen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2021 | ||||
Borrowings, interest rate | 5.00% | 5.00% | 5.00% | 5.00% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Eighteen [Member] | Bottom of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2019 | ||||
Borrowings, interest rate | 4.75% | 4.75% | 4.75% | 4.75% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Nineteen [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | € 295 | ||||
Discount on bond issue and accrued expenses | 4 | ||||
Borrowings | € 299 | ||||
Borrowings, original currency | EUR | ||||
Eni Finance International SA [Member] | Euro Medium Term Notes Nineteen [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2043 | ||||
Borrowings, interest rate | 5.441% | 5.441% | 5.441% | 5.441% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Nineteen [Member] | Bottom of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2028 | ||||
Borrowings, interest rate | 3.875% | 3.875% | 3.875% | 3.875% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | ¥ | ¥ 167 | ||||
Borrowings | ¥ | ¥ 167 | ||||
Borrowings, original currency | YEN | ||||
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2037 | ||||
Borrowings, interest rate | 2.81% | 2.81% | 2.81% | 2.81% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty [Member] | Bottom of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2019 | ||||
Borrowings, interest rate | 1.955% | 1.955% | 1.955% | 1.955% | |
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty One [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | $ 1,528,000,000 | ||||
Discount on bond issue and accrued expenses | $ | 5,000,000 | ||||
Borrowings | $ | 1,533,000,000 | ||||
Borrowings, original currency | USD | ||||
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty One [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2027 | ||||
Eni Finance International SA [Member] | Euro Medium Term Notes Twenty One [Member] | Bottom of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2026 | ||||
Eni USA Inc [Member] | Other Bonds Four [Member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Nominal Amount | $ | 349,000,000 | ||||
Discount on bond issue and accrued expenses | $ | (1,000,000) | ||||
Borrowings | $ | $ 348,000,000 | ||||
Borrowings, original currency | USD | ||||
Eni USA Inc [Member] | Other Bonds Four [Member] | Top of range [member] | |||||
Disclosure Of Information on net borrowings [Line Items] | |||||
Borrowings, maturity | 2027 | ||||
Borrowings, interest rate | 7.30% | 7.30% | 7.30% | 7.30% |
Financial liabilities (Detail_3
Financial liabilities (Details 3) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | |
Disclosure Of Information on net borrowings [Line Items] | |||
Discount on bond issue and accrued expenses | $ | $ 179 | ||
Borrowings | € 25,865 | € 24,707 | |
Borrowings, maturity | 18 months | ||
ENI SPA [Member] | |||
Disclosure Of Information on net borrowings [Line Items] | |||
Nominal Amount | |||
Discount on bond issue and accrued expenses | |||
Borrowings | |||
Borrowings, original currency | EUR | ||
Borrowings, maturity | |||
Borrowings, interest rate |
Financial liabilities (Detail_4
Financial liabilities (Details 4) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Information on net borrowings [Line Items] | ||
Short-term Debt | € 2,182 | € 2,242 |
Borrowings | € 25,865 | 24,707 |
Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | ||
Euro [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Short-term Debt | € 904 | |
Euro [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | 0.50% | |
United States of America Dollars [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Short-term Debt | € 1,329 | |
United States of America Dollars [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | 1.80% | |
Other Currencies [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Short-term Debt | € 9 | |
Other Currencies [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | (0.70%) | |
Long term debt and current portion of longterm debt [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Short-term Debt | € 2,182 | € 2,242 |
Borrowings | € 25,865 | 24,707 |
Long term debt and current portion of longterm debt [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | ||
Long term debt and current portion of longterm debt [Member] | Euro [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings | € 20,094 | |
Long term debt and current portion of longterm debt [Member] | Euro [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | 2.40% | |
Long term debt and current portion of longterm debt [Member] | United States of America Dollars [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings | € 1,694 | |
Long term debt and current portion of longterm debt [Member] | United States of America Dollars [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | 4.80% | |
Long term debt and current portion of longterm debt [Member] | Other Currencies [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings | € 677 | |
Long term debt and current portion of longterm debt [Member] | Other Currencies [Member] | Weighted Average [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Borrowings, interest rate | 4.70% |
Financial liabilities (Detail_5
Financial liabilities (Details 5) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Information on net borrowings [Line Items] | ||
Financial liabilities, at fair value | € 23,764 | |
Ordinary Bonds [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Financial liabilities, at fair value | 19,219 | |
Convertible Bonds [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Financial liabilities, at fair value | 410 | |
Banks [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Financial liabilities, at fair value | 4,021 | |
Other financial institutions [Member] | ||
Disclosure Of Information on net borrowings [Line Items] | ||
Financial liabilities, at fair value | € 114 |
Financial liabilities (Detail_6
Financial liabilities (Details 6) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Disclosure Of Information on net borrowings [Line Items] | |
Carrying amount at beginning | € 24,707 |
Cash flows | |
Currency translation differences | |
Changes in the scope of consolidation | 494 |
Other non-monetary changes | |
Carrying amount at Ending | 25,865 |
Long-term debt and current portion of long-term debt [Member] | |
Disclosure Of Information on net borrowings [Line Items] | |
Carrying amount at beginning | 22,465 |
Cash flows | |
Currency translation differences | |
Other non-monetary changes | |
Carrying amount at Ending | 23,683 |
Short term borrowings [member] | |
Disclosure Of Information on net borrowings [Line Items] | |
Carrying amount at beginning | 2,242 |
Cash flows | |
Currency translation differences | |
Changes in the scope of consolidation | 494 |
Other non-monetary changes | |
Carrying amount at Ending | € 2,182 |
Information on net borrowings_2
Information on net borrowings (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | [1] | Dec. 31, 2015 | |||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
A. Cash and cash equivalents | € 10,836 | [1] | € 7,363 | [1] | € 5,674 | € 5,209 | ||
B. Held-for-trading financial assets | 6,552 | [2] | 6,012 | |||||
C. Available-for-sale financial assets | [2] | 207 | ||||||
D. Liquidity (A+B+C) | 17,388 | 13,582 | ||||||
E. Financing receivables | 188 | 209 | ||||||
F. Short-term debt towards banks | 383 | 201 | ||||||
G. Long-term debt towards banks | 3,478 | 4,001 | ||||||
H. Bonds | 20,094 | 18,352 | ||||||
I. Short-term debt towards related parties | 661 | 164 | ||||||
L. Other short-term liabilities | 1,138 | 1,877 | ||||||
M. Other long-term liabilities | 111 | 112 | ||||||
N. Total borrowings (F+G+H+I+L+M) | 25,865 | 24,707 | ||||||
O. Net borrowings (N-D-E) | (11) | 10,916 | ||||||
Current Assets And Liabilities [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
A. Cash and cash equivalents | 10,836 | 7,363 | ||||||
B. Held-for-trading financial assets | 6,552 | 6,012 | ||||||
C. Available-for-sale financial assets | 207 | |||||||
D. Liquidity (A+B+C) | 17,388 | 13,582 | ||||||
E. Financing receivables | 188 | 209 | ||||||
F. Short-term debt towards banks | 383 | 201 | ||||||
G. Long-term debt towards banks | 768 | 801 | ||||||
H. Bonds | 2,781 | 1,445 | ||||||
I. Short-term debt towards related parties | 661 | 164 | ||||||
L. Other short-term liabilities | 1,138 | 1,877 | ||||||
M. Other long-term liabilities | 52 | 40 | ||||||
N. Total borrowings (F+G+H+I+L+M) | 5,783 | 4,528 | ||||||
O. Net borrowings (N-D-E) | (11,793) | (9,263) | ||||||
Noncurrent Assets And Liabilities [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
G. Long-term debt towards banks | 2,710 | 3,200 | ||||||
H. Bonds | 17,313 | 16,907 | ||||||
M. Other long-term liabilities | 59 | 72 | ||||||
N. Total borrowings (F+G+H+I+L+M) | 20,082 | 20,179 | ||||||
O. Net borrowings (N-D-E) | € 20,082 | € 20,179 | ||||||
[1] | Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet | |||||||
[2] | Income or expense were recognized in the profit and loss account within “Finance income (expense)”. |
Financial liabilities (Detail_7
Financial liabilities (Details Textual) € in Millions, $ in Millions | 12 Months Ended | |||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2015EUR (€) | ||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Repayments of non-current borrowings | € 2,757 | € 2,973 | € 2,323 | |||||
Borrowings, maturity | 18 months | |||||||
Debts Subjected to covenants | € 1,337 | 1,664 | ||||||
Borrowings | 25,865 | 24,707 | ||||||
Notional amount | 4,596 | |||||||
Financial liabilities, at fair value | 23,764 | |||||||
Foreign Currency Translation Differences Other Than Functional Currency | 314 | |||||||
Cash and cash equivalents | 10,836 | [1] | 7,363 | [1] | € 5,674 | [1] | € 5,209 | |
Maximum Amount Drawn | 16,700 | |||||||
Bonds issued | 2,844 | |||||||
Uncommitted borrowing facilities [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Undrawn borrowing facilities | 12,484 | 11,584 | ||||||
Committed [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Undrawn borrowing facilities | € 5,214 | € 5,802 | ||||||
Bottom of range [member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Discount rates used to measure fair value of financial debt | (0.20%) | (0.20%) | (0.20%) | |||||
Top of range [member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Discount rates used to measure fair value of financial debt | 2.90% | 2.50% | 2.90% | |||||
Ordinary Bonds Issued [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Borrowings | € 17,965 | $ 2,800 | ||||||
Euro Medium Term Notes [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Borrowings | € 16,904 | |||||||
Maximum Amount Issuable | $ | $ 20,000 | |||||||
Other Bonds [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Borrowings | 2,800 | |||||||
Long term debt and current portion of longterm debt [Member] | ||||||||
Disclosure Of Information on net borrowings [Line Items] | ||||||||
Borrowings | € 25,865 | € 24,707 | ||||||
[1] | Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet |
Provisions for contingencies (D
Provisions for contingencies (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | € 13,447 | |||
New or increased provisions | 1,363 | |||
Initial recognition and changes in estimates | (502) | |||
Accretion discount | [1] | 249 | € 264 | € 312 |
Reversal of utilized provisions | (1,443) | |||
Reversal of unutilized provisions | (389) | |||
Changes in the scope of consolidation | (1,051) | |||
Currency translation differences | 210 | |||
Other changes | 2 | |||
Carrying amount | 11,886 | 13,447 | ||
Provision For Decommissioning Restoration And Rehabilitation Costs And Social Projects [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 8,126 | |||
Initial recognition and changes in estimates | (502) | |||
Accretion discount | 259 | |||
Reversal of utilized provisions | (190) | |||
Changes in the scope of consolidation | (1,024) | |||
Currency translation differences | 153 | |||
Other changes | (45) | |||
Carrying amount | 6,777 | 8,126 | ||
Environment Related Provision [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 2,653 | |||
New or increased provisions | 299 | |||
Accretion discount | (12) | |||
Reversal of utilized provisions | (287) | |||
Reversal of unutilized provisions | (33) | |||
Changes in the scope of consolidation | (11) | |||
Other changes | (14) | |||
Carrying amount | 2,595 | 2,653 | ||
Legal proceedings provision [member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 1,107 | |||
New or increased provisions | 148 | |||
Accretion discount | 2 | |||
Reversal of utilized provisions | (214) | |||
Reversal of unutilized provisions | (289) | |||
Changes in the scope of consolidation | (1) | |||
Currency translation differences | 34 | |||
Other changes | 37 | |||
Carrying amount | 824 | 1,107 | ||
Provision For Taxes [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 527 | |||
New or increased provisions | 73 | |||
Reversal of utilized provisions | (118) | |||
Reversal of unutilized provisions | (31) | |||
Changes in the scope of consolidation | (8) | |||
Currency translation differences | 17 | |||
Other changes | (20) | |||
Carrying amount | 440 | 527 | ||
Loss adjustments and actuarial provisions [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 205 | |||
New or increased provisions | 493 | |||
Reversal of utilized provisions | (481) | |||
Other changes | 110 | |||
Carrying amount | 327 | 205 | ||
Provision for losses on investments [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 182 | |||
New or increased provisions | 48 | |||
Reversal of unutilized provisions | (1) | |||
Currency translation differences | 2 | |||
Other changes | (27) | |||
Carrying amount | 204 | 182 | ||
Provision for oil insurance cover [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 76 | |||
New or increased provisions | 51 | |||
Other changes | 3 | |||
Carrying amount | 130 | 76 | ||
Provision for redundancy incentives [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 140 | |||
New or increased provisions | 9 | |||
Reversal of utilized provisions | (17) | |||
Reversal of unutilized provisions | (17) | |||
Changes in the scope of consolidation | (5) | |||
Other changes | (2) | |||
Carrying amount | 108 | 140 | ||
Restructuring provision [member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | 65 | |||
New or increased provisions | 19 | |||
Reversal of utilized provisions | (14) | |||
Other changes | (4) | |||
Carrying amount | 66 | 65 | ||
Provision for onerous contracts [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | [2] | 60 | ||
Reversal of utilized provisions | [2] | (22) | ||
Carrying amount | [2] | 38 | 60 | |
Miscellaneous Other Provisions [Member] | ||||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | ||||
Carrying amount | [2] | 306 | ||
New or increased provisions | [2] | 223 | ||
Reversal of utilized provisions | [2] | (100) | ||
Reversal of unutilized provisions | [2] | (18) | ||
Changes in the scope of consolidation | [2] | (2) | ||
Currency translation differences | [2] | 4 | ||
Other changes | [2] | (36) | ||
Carrying amount | [2] | € 377 | € 306 | |
[1] | The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. | |||
[2] | Each individual amount included herein was lower than €50 million. |
Provisions for contingencies _2
Provisions for contingencies (Details Textual) € in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | |
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Provision for decommissioning, restoration and rehabilitation costs | $ 7,757 | € 7,638 | |
Loss Adjustments and Actuarial Provisions [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Reinsurance contracts receivable | € 236 | ||
Refining And Marketing [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Environment related provision | 348 | ||
Exploration & Production [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Legal proceedings provision | 653 | ||
Provision for taxes | 397 | ||
Gas And Power Segment [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Legal proceedings provision | 503 | ||
Syndial SpA [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Environment related provision | 2,009 | ||
ISAF SpA [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Profit (loss) on disposal of investments and changes in value of investments | € 114 | ||
Bottom of range [member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Discount rate used in current estimate of value in use | 0.20% | 0.20% | 0.01% |
Top of range [member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Discount rate used in current estimate of value in use | 6.10% | 6.10% | 5.98% |
Exploration Production Segment [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Provision for decommissioning, restoration and rehabilitation costs | € 6,266 | ||
Oil and natural gas [Member] | |||
Disclosure of other Provisions Contingent Liabilities and Contingent Assets Explanatory [Line Items] | |||
Decommissioning costs Revision of Previous Estimates | 502 | ||
Increase (decrease) through change in discount rate, other provisions | € 259 |
Provisions for employee benef_3
Provisions for employee benefits (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Statement [Line Items] | ||
Provisions for employee benefits | € 1,117 | € 1,022 |
Italian defined benefit plans [Member] | ||
Statement [Line Items] | ||
Provisions for employee benefits | 275 | 284 |
Foreign defined benefit plans [Member] | ||
Statement [Line Items] | ||
Provisions for employee benefits | 385 | 409 |
FISDE foreign medical plans and other [Member] | ||
Statement [Line Items] | ||
Provisions for employee benefits | 148 | 135 |
Defined benefit plans [Member] | ||
Statement [Line Items] | ||
Provisions for employee benefits | 808 | 828 |
Other benefit plans [Member] | ||
Statement [Line Items] | ||
Provisions for employee benefits | € 309 | € 194 |
Provisions for employee benef_4
Provisions for employee benefits (Details 1) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | |
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | € 31 | € 3 | |
Interest cost/income | (15) | ||
Present value of benefit liabilities at end of year (a) | 136 | 31 | |
Change in asset ceiling | 5 | ||
Asset ceiling at end of year (c) | 5 | ||
Net liability recognized at end of year (a+b+c) | 1,117 | 1,022 | |
Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Net liability recognized at end of year (a+b+c) | 275 | 284 | |
Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Current cost | 27 | 24 | |
Interest cost/income | (14) | (9) | |
Past service cost and (gains) losses settlements | 2 | (1) | |
Asset ceiling at end of year (c) | 5 | ||
Net liability recognized at end of year (a+b+c) | 385 | 409 | |
FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Current cost | 2 | 2 | |
Interest cost/income | (2) | (2) | |
Past service cost and (gains) losses settlements | 1 | 2 | |
Net liability recognized at end of year (a+b+c) | 148 | 135 | |
Defined benefit plan [Member] | |||
Statement [Line Items] | |||
Current cost | 29 | 26 | |
Interest cost/income | (20) | (14) | |
Past service cost and (gains) losses settlements | 3 | 1 | |
Asset ceiling at end of year (c) | 5 | ||
Net liability recognized at end of year (a+b+c) | 808 | 828 | |
Other benefit plans [Member] | |||
Statement [Line Items] | |||
Current cost | 42 | 54 | |
Interest cost/income | (1) | (1) | |
Past service cost and (gains) losses settlements | 115 | 28 | |
Net liability recognized at end of year (a+b+c) | 309 | 194 | |
Present value of defined benefit obligation [member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 1,610 | 1,487 | |
Current cost | 71 | 80 | |
Interest cost/income | 38 | 35 | |
Remeasurements: | 19 | 50 | |
- actuarial (gains) losses due to changes in demographic assumptions | (14) | ||
- actuarial (gains) losses due to changes in financial assumptions | (1) | 69 | |
- experience (gains) losses | 20 | (5) | |
Past service cost and (gains) losses settlements | 118 | 29 | |
Plan contributions: | 1 | ||
- employee contributions | 1 | 1 | |
Benefits paid | (133) | (89) | |
Reclassification to asset held for sale | (8) | (14) | |
Changes in the scope of consolidation | (92) | (20) | |
Currency translation differences and other changes | 34 | 51 | |
Present value of benefit liabilities at end of year (a) | 1,657 | 1,610 | |
Present value of defined benefit obligation [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 284 | 298 | |
Interest cost/income | 4 | 3 | |
Remeasurements: | 1 | (6) | |
- actuarial (gains) losses due to changes in financial assumptions | (5) | ||
- experience (gains) losses | 1 | (1) | |
Benefits paid | (15) | (10) | |
Changes in the scope of consolidation | (1) | ||
Currency translation differences and other changes | 1 | ||
Present value of benefit liabilities at end of year (a) | 275 | 284 | |
Present value of defined benefit obligation [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 997 | 895 | |
Current cost | 27 | 24 | |
Interest cost/income | 31 | 29 | |
Remeasurements: | (25) | 54 | |
- actuarial (gains) losses due to changes in demographic assumptions | (14) | ||
- actuarial (gains) losses due to changes in financial assumptions | (31) | 71 | |
- experience (gains) losses | 6 | (3) | |
Past service cost and (gains) losses settlements | 2 | (1) | |
Plan contributions: | 1 | ||
- employee contributions | 1 | 1 | |
Benefits paid | (35) | (37) | |
Reclassification to asset held for sale | (8) | (12) | |
Changes in the scope of consolidation | (90) | (15) | |
Currency translation differences and other changes | 26 | 59 | |
Present value of benefit liabilities at end of year (a) | 925 | 997 | |
Present value of defined benefit obligation [member] | FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 135 | 136 | |
Current cost | 2 | 2 | |
Interest cost/income | 2 | 2 | |
Remeasurements: | 13 | (1) | |
- actuarial (gains) losses due to changes in financial assumptions | 1 | ||
- experience (gains) losses | 12 | (1) | |
Past service cost and (gains) losses settlements | 1 | 2 | |
Benefits paid | (9) | (6) | |
Changes in the scope of consolidation | (1) | ||
Currency translation differences and other changes | 4 | 1 | |
Present value of benefit liabilities at end of year (a) | 148 | 135 | |
Present value of defined benefit obligation [member] | Defined benefit plan [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 1,416 | 1,329 | |
Current cost | 29 | 26 | |
Interest cost/income | 37 | 34 | |
Remeasurements: | (11) | 47 | |
- actuarial (gains) losses due to changes in demographic assumptions | (14) | ||
- actuarial (gains) losses due to changes in financial assumptions | (30) | 66 | |
- experience (gains) losses | 19 | (5) | |
Past service cost and (gains) losses settlements | 3 | 1 | |
Plan contributions: | 1 | ||
- employee contributions | 1 | 1 | |
Benefits paid | (59) | (53) | |
Reclassification to asset held for sale | (8) | (12) | |
Changes in the scope of consolidation | (90) | (17) | |
Currency translation differences and other changes | 31 | 60 | |
Present value of benefit liabilities at end of year (a) | 1,348 | 1,416 | |
Present value of defined benefit obligation [member] | Other benefit plans [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 194 | 158 | |
Current cost | 42 | 54 | |
Interest cost/income | 1 | 1 | |
Remeasurements: | 30 | 3 | |
- actuarial (gains) losses due to changes in financial assumptions | 29 | 3 | |
- experience (gains) losses | 1 | ||
Past service cost and (gains) losses settlements | 115 | 28 | |
Benefits paid | (74) | (36) | |
Reclassification to asset held for sale | (2) | ||
Changes in the scope of consolidation | (2) | (3) | |
Currency translation differences and other changes | 3 | (9) | |
Present value of benefit liabilities at end of year (a) | 309 | 194 | |
Plan assets [member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 588 | 619 | |
Interest cost/income | 17 | 20 | |
Return on plan assets | (21) | 12 | |
Plan contributions: | 25 | 24 | |
- employee contributions | 1 | 1 | |
- employer contributions | 24 | 23 | |
Benefits paid | (26) | (25) | |
Changes in the scope of consolidation | (64) | (15) | |
Currency translation differences and other changes | 26 | (47) | |
Present value of benefit liabilities at end of year (a) | 545 | 588 | |
Change in asset ceiling | $ | $ 5 | ||
Plan assets [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Changes in the scope of consolidation | (64) | ||
Plan assets [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 588 | 619 | |
Interest cost/income | 17 | 20 | |
Return on plan assets | (21) | 12 | |
Plan contributions: | 25 | 24 | |
- employee contributions | 1 | 1 | |
- employer contributions | 24 | 23 | |
Benefits paid | (26) | (25) | |
Changes in the scope of consolidation | (15) | ||
Currency translation differences and other changes | 26 | (47) | |
Present value of benefit liabilities at end of year (a) | 545 | 588 | |
Change in asset ceiling | $ | 5 | ||
Plan assets [member] | Defined benefit plan [Member] | |||
Statement [Line Items] | |||
Present value of benefit liabilities at beginning of year | 588 | 619 | |
Interest cost/income | 17 | 20 | |
Return on plan assets | (21) | 12 | |
Plan contributions: | 25 | 24 | |
- employee contributions | 1 | 1 | |
- employer contributions | 24 | 23 | |
Benefits paid | (26) | (25) | |
Changes in the scope of consolidation | (64) | (15) | |
Currency translation differences and other changes | 26 | (47) | |
Present value of benefit liabilities at end of year (a) | € 545 | € 588 | |
Change in asset ceiling | $ | $ 5 |
Provisions for employee benef_5
Provisions for employee benefits (Details 2) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Statement [Line Items] | ||
Total interest cost (income), net | € 15 | |
Plan assets [member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | € (17) | (20) |
Profit and Loss [Member] | ||
Statement [Line Items] | ||
Current cost | 71 | 80 |
Past service cost and (gains) losses on settlements | 118 | 29 |
- interest cost on liabilities | 38 | 35 |
- interest income on plan assets | (17) | (20) |
Total interest cost (income), net | 21 | 15 |
Remeasurements for long-term plans | 30 | 3 |
Employee benefits expense | 240 | 127 |
Payroll and related cost [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 1 | 1 |
Employee benefits expense | 220 | 113 |
Financial Income Expense [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 20 | 14 |
Employee benefits expense | 20 | 14 |
TFR [Member] | ||
Statement [Line Items] | ||
- interest cost on liabilities | 4 | 3 |
Total interest cost (income), net | 4 | 3 |
Employee benefits expense | 4 | 3 |
TFR [Member] | Financial Income Expense [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 4 | 3 |
Employee benefits expense | 4 | 3 |
Foreign defined benefit plan [Member] | ||
Statement [Line Items] | ||
Current cost | 27 | 24 |
Past service cost and (gains) losses on settlements | 2 | (1) |
- interest cost on liabilities | 31 | 29 |
- interest income on plan assets | (17) | (20) |
Total interest cost (income), net | 14 | 9 |
Employee benefits expense | 43 | 32 |
Foreign defined benefit plan [Member] | Plan assets [member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | (17) | (20) |
Foreign defined benefit plan [Member] | Payroll and related cost [Member] | ||
Statement [Line Items] | ||
Employee benefits expense | 29 | 23 |
Foreign defined benefit plan [Member] | Financial Income Expense [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 14 | 9 |
Employee benefits expense | 14 | 9 |
FISDE and other foreign medical plans [Member] | ||
Statement [Line Items] | ||
Current cost | 2 | 2 |
Past service cost and (gains) losses on settlements | 1 | 2 |
- interest cost on liabilities | 2 | 2 |
Total interest cost (income), net | 2 | 2 |
Employee benefits expense | 5 | 6 |
FISDE and other foreign medical plans [Member] | Payroll and related cost [Member] | ||
Statement [Line Items] | ||
Employee benefits expense | 3 | 4 |
FISDE and other foreign medical plans [Member] | Financial Income Expense [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 2 | 2 |
Employee benefits expense | 2 | 2 |
Other benefit plans [Member] | ||
Statement [Line Items] | ||
Current cost | 42 | 54 |
Past service cost and (gains) losses on settlements | 115 | 28 |
- interest cost on liabilities | 1 | 1 |
Total interest cost (income), net | 1 | 1 |
Remeasurements for long-term plans | 30 | 3 |
Employee benefits expense | 188 | 86 |
Other benefit plans [Member] | Payroll and related cost [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 1 | 1 |
Employee benefits expense | 188 | 86 |
Total interest cost (income), net | ||
Defined benefit plan [Member] | ||
Statement [Line Items] | ||
Current cost | 29 | 26 |
Past service cost and (gains) losses on settlements | 3 | 1 |
- interest cost on liabilities | 37 | 34 |
- interest income on plan assets | (17) | (20) |
Total interest cost (income), net | 20 | 14 |
Employee benefits expense | 52 | 41 |
Defined benefit plan [Member] | Plan assets [member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | (17) | (20) |
Defined benefit plan [Member] | Payroll and related cost [Member] | ||
Statement [Line Items] | ||
Employee benefits expense | 32 | 27 |
Defined benefit plan [Member] | Financial Income Expense [Member] | ||
Statement [Line Items] | ||
Total interest cost (income), net | 20 | 14 |
Employee benefits expense | € 20 | € 14 |
Provisions for employee benef_6
Provisions for employee benefits (Details 3) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Gain (loss) on remeasurement, net defined benefit liability (asset) [abstract] | ||
Change in asset ceiling | € 5 | |
Other comprehensive income [Member] | ||
Gain (loss) on remeasurement, net defined benefit liability (asset) [abstract] | ||
Actuarial (gains)/losses due to changes in demographic assumptions | 30 | € (14) |
Actuarial (gains)/losses due to changes in financial assumptions | 66 | |
Experience (gains) losses | 19 | (5) |
Return on plan assets | 21 | (12) |
Gain (loss) on remeasurement, net defined benefit liability (asset) | 15 | 35 |
Italian defined benefit plans [Member] | ||
Gain (loss) on remeasurement, net defined benefit liability (asset) [abstract] | ||
Actuarial (gains)/losses due to changes in financial assumptions | (5) | |
Experience (gains) losses | 1 | (1) |
Gain (loss) on remeasurement, net defined benefit liability (asset) | 1 | (6) |
Foreign defined benefit plan [Member] | ||
Gain (loss) on remeasurement, net defined benefit liability (asset) [abstract] | ||
Actuarial (gains)/losses due to changes in demographic assumptions | 31 | (14) |
Actuarial (gains)/losses due to changes in financial assumptions | 71 | |
Experience (gains) losses | 6 | (3) |
Return on plan assets | 21 | (12) |
Change in asset ceiling | 5 | |
Gain (loss) on remeasurement, net defined benefit liability (asset) | 1 | 42 |
FISDE and other foreign medical plans [Member] | ||
Gain (loss) on remeasurement, net defined benefit liability (asset) [abstract] | ||
Actuarial (gains)/losses due to changes in demographic assumptions | 1 | |
Experience (gains) losses | 12 | (1) |
Gain (loss) on remeasurement, net defined benefit liability (asset) | € 13 | € (1) |
Provisions for employee benef_7
Provisions for employee benefits (Details 4) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Statement [Line Items] | ||
Cash and cash equivalents | € 115 | € 16 |
Equity securities | 37 | 48 |
Debt securities | 238 | 329 |
Real estate | 6 | 10 |
Derivatives | 2 | 9 |
Investment funds | 56 | 60 |
Assets Held By Insurance Company | 21 | 16 |
Other | 70 | 100 |
Total | 545 | 588 |
Level 1 of fair value hierarchy [member] | ||
Statement [Line Items] | ||
Cash and cash equivalents | 115 | 16 |
Equity securities | 37 | 48 |
Debt securities | 238 | 329 |
Real estate | 6 | 10 |
Derivatives | 2 | 9 |
Investment funds | 56 | 60 |
Assets Held By Insurance Company | 18 | 13 |
Other | 70 | 100 |
Total | 542 | 585 |
Level 2 and 3 of fair value hierarchy [member] | ||
Statement [Line Items] | ||
Assets Held By Insurance Company | 3 | 3 |
Total | € 3 | € 3 |
Provisions for employee benef_8
Provisions for employee benefits (Details 5) | Dec. 31, 2018 | Dec. 31, 2017 |
Bottom of range [member] | ||
Statement [Line Items] | ||
Rate of compensation increase | 1.50% | |
Rate of price inflation | 0.80% | |
Life expectations on retirement at age 65 | 13 | |
Top of range [member] | ||
Statement [Line Items] | ||
Rate of compensation increase | 16.50% | |
Rate of price inflation | 16.00% | |
Life expectations on retirement at age 65 | 25 | |
Foreign defined benefit plan [Member] | Bottom of range [member] | ||
Statement [Line Items] | ||
Discount rate | 0.80% | 0.60% |
Rate of compensation increase | 1.50% | 1.50% |
Rate of price inflation | 0.80% | 0.60% |
Life expectations on retirement at age 65 | 13 | 13 |
Foreign defined benefit plan [Member] | Top of range [member] | ||
Statement [Line Items] | ||
Discount rate | 18.00% | 15.50% |
Rate of compensation increase | 16.50% | 13.50% |
Rate of price inflation | 16.00% | 14.80% |
Life expectations on retirement at age 65 | 25 | 24 |
FISDE and other foreign medical plans [Member] | ||
Statement [Line Items] | ||
Discount rate | 1.50% | 1.50% |
Rate of price inflation | 1.50% | 1.50% |
Life expectations on retirement at age 65 | 24 | 24 |
Other benefit plans [Member] | ||
Statement [Line Items] | ||
Rate of price inflation | 1.50% | 1.50% |
Other benefit plans [Member] | Bottom of range [member] | ||
Statement [Line Items] | ||
Discount rate | 0.20% | 0.00% |
Other benefit plans [Member] | Top of range [member] | ||
Statement [Line Items] | ||
Discount rate | 1.50% | 1.50% |
Italian defined benefit plans [Member] | ||
Statement [Line Items] | ||
Discount rate | 1.50% | 1.50% |
Rate of compensation increase | 2.50% | 2.50% |
Rate of price inflation | 1.50% | 1.50% |
Provisions for employee benef_9
Provisions for employee benefits (Details 6) | Dec. 31, 2018 | Dec. 31, 2017 |
Bottom of range [member] | ||
Ifrs Statement [Line Items] | ||
Rate of compensation increase | 1.50% | |
Rate of price inflation | 0.80% | |
Life expectations on retirement at age 65 | 13 | |
Bottom of range [member] | Foreign defined benefit plan [Member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 0.80% | 0.60% |
Rate of compensation increase | 1.50% | 1.50% |
Rate of price inflation | 0.80% | 0.60% |
Life expectations on retirement at age 65 | 13 | 13 |
Top of range [member] | ||
Ifrs Statement [Line Items] | ||
Rate of compensation increase | 16.50% | |
Rate of price inflation | 16.00% | |
Life expectations on retirement at age 65 | 25 | |
Top of range [member] | Foreign defined benefit plan [Member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 18.00% | 15.50% |
Rate of compensation increase | 16.50% | 13.50% |
Rate of price inflation | 16.00% | 14.80% |
Life expectations on retirement at age 65 | 25 | 24 |
Euro Area [Member] | Bottom of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 1.50% | 1.50% |
Rate of compensation increase | 1.50% | 1.50% |
Rate of price inflation | 1.50% | 1.50% |
Life expectations on retirement at age 65 | 21 | 21 |
Euro Area [Member] | Top of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 1.90% | 1.80% |
Rate of compensation increase | 3.00% | 3.00% |
Rate of price inflation | 2.00% | 1.90% |
Life expectations on retirement at age 65 | 22 | 24 |
Rest of Europe [Member] | Bottom of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 0.80% | 0.60% |
Rate of compensation increase | 2.50% | 2.50% |
Rate of price inflation | 0.80% | 0.60% |
Life expectations on retirement at age 65 | 23 | 22 |
Rest of Europe [Member] | Top of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 2.90% | 2.50% |
Rate of compensation increase | 3.80% | 3.70% |
Rate of price inflation | 3.30% | 3.40% |
Life expectations on retirement at age 65 | 25 | 24 |
Africa [Member] | Bottom of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 3.70% | 3.70% |
Rate of compensation increase | 5.00% | 5.00% |
Rate of price inflation | 3.70% | 3.70% |
Life expectations on retirement at age 65 | 13 | 13 |
Africa [Member] | Top of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 18.00% | 15.50% |
Rate of compensation increase | 16.50% | 13.50% |
Rate of price inflation | 16.00% | 14.80% |
Life expectations on retirement at age 65 | 17 | 17 |
Other areas [Member] | Bottom of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 8.00% | 4.10% |
Rate of compensation increase | 10.00% | 1.50% |
Rate of price inflation | 3.50% | 1.50% |
Other areas [Member] | Top of range [member] | ||
Ifrs Statement [Line Items] | ||
Discount rate | 13.30% | 8.00% |
Rate of compensation increase | 13.30% | 10.00% |
Rate of price inflation | 5.00% | 4.80% |
Provisions for employee bene_10
Provisions for employee benefits (Details 7) € in Millions | Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) |
Actuarial assumption of discount rates [member] | |||
Statement [Line Items] | |||
Percentage of reasonably possible decrease in actuarial assumption | 50.00% | 50.00% | |
Actuarial assumption of discount rates [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | € (12) | € (13) | |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 13 | 14 | |
Actuarial assumption of discount rates [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (58) | (72) | |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 65 | 79 | |
Actuarial assumption of discount rates [member] | FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (7) | (7) | |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 8 | 7 | |
Actuarial assumption of discount rates [member] | Other benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (5) | ||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 3 | ||
Increase Decrease In other Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption | (3) | ||
Increase Decrease In other Benefit Obligation Due To Reasonably Possible Decrease In Actuarial Assumption | 1 | ||
Actuarial assumption of expected rates of inflation [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 8 | 9 | |
Actuarial assumption of expected rates of inflation [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 23 | 24 | |
Actuarial assumption of expected rates of inflation [member] | FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of expected rates of inflation [member] | Other benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 1 | ||
Increase Decrease In other Benefit Obligation Due To Reasonably Possible Increase In Actuarial Assumption | 1 | ||
Actuarial assumption of expected rates of salary increases [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of expected rates of salary increases [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 15 | 20 | |
Actuarial assumption of expected rates of salary increases [member] | FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of expected rates of salary increases [member] | Other benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of medical cost trend rates [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of medical cost trend rates [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of medical cost trend rates [member] | FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 6 | 7 | |
Actuarial assumption of medical cost trend rates [member] | Other benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of expected rates of pension increases [member] | Italian defined benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of expected rates of pension increases [member] | Foreign defined benefit plan [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | € 18 | € 13 | |
Actuarial assumption of expected rates of pension increases [member] | FISDE and other foreign medical plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ | |||
Actuarial assumption of expected rates of pension increases [member] | Other benefit plans [Member] | |||
Statement [Line Items] | |||
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | $ |
Provisions for employee bene_11
Provisions for employee benefits (Details 8) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | |
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 136 | € 31 | € 3 |
Italian defined benefit plans [Member] | Not later than one year [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 15 | 16 | |
Italian defined benefit plans [Member] | Later than one year and not later than two years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 16 | 17 | |
Italian defined benefit plans [Member] | Later than two years and not later than three years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 18 | 18 | |
Italian defined benefit plans [Member] | Later than three years and not later than four years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 14 | 17 | |
Italian defined benefit plans [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 11 | 14 | |
Italian defined benefit plans [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 201 | € 202 | |
Italian defined benefit plans [Member] | Weighted Average Duration [Member] | |||
Statement [Line Items] | |||
Weighted average duration of defined benefit obligation | Pure | 10.1 | 10.1 | |
Foreign defined benefit plan [Member] | Not later than one year [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 54 | € 47 | |
Foreign defined benefit plan [Member] | Later than one year and not later than two years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 56 | 65 | |
Foreign defined benefit plan [Member] | Later than two years and not later than three years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 63 | 70 | |
Foreign defined benefit plan [Member] | Later than three years and not later than four years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 64 | 79 | |
Foreign defined benefit plan [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 74 | 84 | |
Foreign defined benefit plan [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 74 | € 64 | |
Foreign defined benefit plan [Member] | Weighted Average Duration [Member] | |||
Statement [Line Items] | |||
Weighted average duration of defined benefit obligation | Pure | 17.4 | 17.5 | |
FISDE and other foreign medical plans [Member] | Not later than one year [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 9 | € 7 | |
FISDE and other foreign medical plans [Member] | Later than one year and not later than two years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 7 | 7 | |
FISDE and other foreign medical plans [Member] | Later than two years and not later than three years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 6 | 6 | |
FISDE and other foreign medical plans [Member] | Later than three years and not later than four years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 6 | 6 | |
FISDE and other foreign medical plans [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 6 | 6 | |
FISDE and other foreign medical plans [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 114 | € 103 | |
FISDE and other foreign medical plans [Member] | Weighted Average Duration [Member] | |||
Statement [Line Items] | |||
Weighted average duration of defined benefit obligation | Pure | 12.8 | 12.8 | |
Other benefit plans [Member] | Not later than one year [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 81 | € 64 | |
Other benefit plans [Member] | Later than one year and not later than two years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 72 | 58 | |
Other benefit plans [Member] | Later than two years and not later than three years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 67 | 45 | |
Other benefit plans [Member] | Later than three years and not later than four years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 20 | 7 | |
Other benefit plans [Member] | Later than three years and not later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 17 | 5 | |
Other benefit plans [Member] | Later than five years [member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 57 | € 25 | |
Other benefit plans [Member] | Weighted Average Duration [Member] | |||
Statement [Line Items] | |||
Weighted average duration of defined benefit obligation | Pure | 2.6 | 2.8 |
Provisions for employee bene_12
Provisions for employee benefits (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 136 | € 31 | € 3 |
Estimate of contributions expected to be paid to plan for next annual reporting period | 129 | ||
Exploration And Production Segment Total [Member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 181 | € 177 | |
Jubilee Awards [Member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 22 | ||
Long Term Incentive Plan [Member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 8 | ||
Isopensione [Member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | 132 | ||
Defined Plans [Member] | |||
Statement [Line Items] | |||
Estimate of contributions expected to be paid to plan for next annual reporting period | 48 | ||
Other Long term Plans [Member] | |||
Statement [Line Items] | |||
Net defined benefit liability (asset) | € 11 |
Deferred tax assets and liabi_3
Deferred tax assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Deferred Taxes Liabilities [Abstract] | |||
Deferred tax liabilities, gross | € 7,956 | € 10,169 | € 10,953 |
Deferred tax assets available for offset | (3,684) | (4,269) | |
Deferred tax liabilities | 4,272 | 5,900 | |
Deferred tax assets, gross (net of accumulated write-down provisions) | 7,615 | 8,347 | |
Deferred tax liabilities available for offset | (3,684) | (4,269) | |
Deferred tax assets | € 3,931 | € 4,078 |
Deferred tax assets and liabi_4
Deferred tax assets and liabilities (Details 1) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Changes in accounting principles (IFRS 15) Deferred Tax Liabilities | € 37 | |
Changes in accounting principles (IFRS 15) Deferred Tax Assets | (237) | |
Changes in accounting principles (IFRS 15) Deferred Tax Assets, net of impairments | (237) | |
Deferred Tax Liabilities Gross | 10,169 | € 10,953 |
Deductions, Deferred Tax Liabilities Gross | (802) | (835) |
Currency Translation Differences, Deferred Tax Liabilities Gross | 283 | (1,123) |
Decrease through loss of control of subsidiary, Deferred tax liabilities Gross | (2,778) | |
Other Changes, Deferred Tax Liabilities Gross | (100) | 3 |
Deferred Tax Assets, Gross | (13,609) | (13,698) |
Additions Deferred Tax Assets Gross | (1,478) | (2,341) |
Deductions Deferred Tax Assets Gross | 1,523 | 1,588 |
Currency Translation Differences Deferred Tax Assets Gross | (278) | 862 |
Decrease through loss of control of subsidiary Deferred tax assets Gross | 813 | |
Other Changes Deferred Tax Assets Gross | (90) | (20) |
Deferred Tax Assets, Gross | (13,356) | (13,609) |
Provision For Accumulated write-down of Deferred Tax Assets | 5,262 | 5,622 |
Additions Deferred Tax Assets Accumulated write-down | 253 | 212 |
Deductions Deferred Tax Assets Accumulated write-down | (43) | (349) |
Currency Translation Differences Deferred Tax Assets Accumulated write-down | 71 | (202) |
Other Changes Deferred Tax Assets Accumulated write-down | 198 | (21) |
Provision For Accumulated write-down of Deferred Tax Assets | 5,741 | 5,262 |
Deferred Tax Assets, Net of Valuation Allowance | (8,347) | (8,076) |
Additions Deferred Tax Assets Net | (1,225) | (2,129) |
Deductions Deferred Tax Assets Net | 1,480 | 1,239 |
Currency Translation Differences Deferred Tax Assets Net | (207) | 660 |
Decrease through loss of control of subsidiary Differences Deferred Tax Assets Net | 813 | |
Other Changes Deferred Tax Assets Net | 108 | (41) |
Deferred Tax Assets, Net of Valuation Allowance | (7,615) | (8,347) |
Deferred tax assets, gross [Member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Deferred Tax Assets, Gross | (13,846) | |
Deferred Tax Assets, Gross | (13,846) | |
Accumulated write-downs of deferred tax assets | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Provision For Accumulated write-down of Deferred Tax Assets | 5,262 | |
Provision For Accumulated write-down of Deferred Tax Assets | 5,262 | |
Deferred tax assets, net of impairments [Member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Deferred Tax Assets, Net of Valuation Allowance | € (8,584) | |
Deferred Tax Assets, Net of Valuation Allowance | € (8,584) |
Deferred tax assets and liabi_5
Deferred tax assets and liabilities (Details 2) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax liabilities | € 7,956 | € 10,169 | € 10,953 |
Deferred tax assets, gross | 7,615 | 8,347 | |
Accumulated write-downs of deferred tax assets | 5,741 | 5,262 | |
Deferred tax assets, net | (7,615) | (8,347) | |
Accelerated Tax Depreciation [Member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax liabilities | 6,612 | 8,323 | |
Difference between the fair value and the carrying amount of assets acquired [Member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax liabilities | 849 | 1,106 | |
Site restoration and abandonment (tangible assets) [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax liabilities | 85 | 305 | |
Application of the weighted average cost method in evaluation of inventories [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax liabilities | 44 | 70 | |
Other [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax liabilities | 366 | 365 | |
Carry-forward tax losses [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (5,528) | (5,240) | |
Site restoration and abandonment (provisions for contingencies) [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (1,986) | (2,747) | |
Timing differences on depreciation and amortization [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (2,104) | (2,164) | |
Accruals for impairment losses and provisions for contingencies [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (1,460) | (1,404) | |
Impairment losses [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (792) | (801) | |
Over/Under lifting [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (604) | (395) | |
Employee benefits [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (212) | (194) | |
Unrealized intercompany profits [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | (124) | (130) | |
Other [member] | |||
Disclosure Of Deferred Taxes Liabilities [Line Items] | |||
Deferred tax assets, gross | € (546) | € (534) |
Deferred tax assets and liabiit
Deferred tax assets and liabiities (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Carry-forward tax losses indefinitely | € 13,753 | |
Deferred tax assets | 3,931 | € 4,078 |
Carry-forward tax losses | € 19,108 | |
Foreign Subsidiaries [Member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Average effective tax rate | 35.00% | |
Italian Companies [Member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Carry-forward tax losses | € 10,786 | |
Accumulated write-downs of deferred tax assets | 4,133 | |
Foreign Companies [Member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Carry-forward tax losses | 8,322 | |
Accumulated write-downs of deferred tax assets | € 1,608 | |
Italian subsidiaries [Member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Average effective tax rate | 24.00% | |
Unused tax losses [member] | ||
Disclosure Of Deferred Tax Liabilities [Line Items] | ||
Deferred tax assets | € 2,615 | € 2,913 |
Other non-current liabilities (
Other non-current liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of other Noncurrent Liabilities Explanatory [Abstract] | ||
Liabilities from customer contracts | € 518 |
Derivative financial instrume_3
Derivative financial instruments (Details) € in Millions | Dec. 31, 2018EUR (€)bbl | Dec. 31, 2017EUR (€)bbl |
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Fair value of derivative financial instruments | € 1,594 | € 1,231 |
- non-current | 68 | 80 |
Fair value of derivatives financial instruments | 1,445 | 1,011 |
- non-current | 40 | 91 |
Non Hedging Derivatives [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 1,501 | 1,101 |
Derivative financial liabilities | € 1,524 | € 1,011 |
Non Hedging Derivatives [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Level of fair value | bbl | 2 | 2 |
Non Hedging Derivatives [Member] | Level 1 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Level of fair value | bbl | 1 | 1 |
Non Hedging Derivatives [Member] | Futures contract [Member] | Level 1 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 1,060 | € 796 |
Derivative financial liabilities | 1,107 | 771 |
Non Hedging Derivatives [Member] | Over the Counter Contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 306 | 81 |
Derivative financial liabilities | 284 | 97 |
Non Hedging Derivatives [Member] | Other Contracts [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 1 | € 1 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 5 | € 2 |
Cash flow hedge derivatives [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 337 | € 262 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 211 | € 21 |
Cash flow hedge derivatives [Member] | Futures contract [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Level of fair value | bbl | 1 | 1 |
Cash flow hedge derivatives [Member] | Futures contract [Member] | Level 1 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 26 | € 35 |
Derivative financial liabilities | € 15 | |
Cash flow hedge derivatives [Member] | Over the Counter Contract [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Level of fair value | bbl | 2 | 2 |
Cash flow hedge derivatives [Member] | Over the Counter Contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 311 | € 227 |
Derivative financial liabilities | 196 | 21 |
Trading Derivatives [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 1,439 | 1,211 |
Derivative financial liabilities | 1,365 | 1,333 |
Trading Derivatives [Member] | Futures contract [Member] | Level 1 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 367 | € 395 |
Level of fair value | bbl | 1 | 1 |
Derivative financial liabilities | € 263 | € 390 |
Trading Derivatives [Member] | Over the Counter Contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 992 | € 683 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 1,031 | € 829 |
Trading Derivatives [Member] | Option contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 80 | € 133 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 71 | € 114 |
Option Embedded in Convertible Bonds [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 3,298 | 2,590 |
Offsetting | (1,636) | (1,279) |
Net amount | 1,662 | 1,311 |
Fair value of derivative financial instruments | 1,594 | 1,231 |
- non-current | 68 | 80 |
Derivative financial liabilities | 3,121 | 2,381 |
Offsetting | (1,636) | (1,279) |
Net amount | 1,485 | 1,102 |
Fair value of derivatives financial instruments | 1,445 | 1,011 |
- non-current | 40 | 91 |
Option Embedded in Convertible Bonds [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 21 | 16 |
Derivative financial liabilities | 21 | 16 |
Currency risk [Member] | Non Hedging Derivatives [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 116 | 214 |
Derivative financial liabilities | 122 | 136 |
Currency risk [Member] | Non Hedging Derivatives [Member] | Currency swap contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 99 | € 170 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 46 | € 86 |
Currency risk [Member] | Non Hedging Derivatives [Member] | Interest rate swap contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 14 | € 41 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 71 | € 45 |
Currency risk [Member] | Non Hedging Derivatives [Member] | Outright [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 3 | € 3 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 5 | € 5 |
Interest Rate Risk [Member] | Non Hedging Derivatives [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 18 | 9 |
Derivative financial liabilities | 6 | 5 |
Interest Rate Risk [Member] | Non Hedging Derivatives [Member] | Interest rate swap contract [Member] | Level 2 of fair value hierarchy [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | € 18 | € 9 |
Level of fair value | bbl | 2 | 2 |
Derivative financial liabilities | € 6 | € 5 |
Commodity price risk [Member] | Non Hedging Derivatives [Member] | ||
Disclosure Of Derivative Financial Instruments [Line Items] | ||
Derivative financial assets | 1,367 | 878 |
Derivative financial liabilities | € 1,396 | € 870 |
Derivative financial instrume_4
Derivative financial instruments (Details 1) - Cash flow hedge derivatives [Member] | 12 Months Ended |
Dec. 31, 2018USD ($)bbl | |
Disclosure Of Derivative Financial Instruments [Line Items] | |
Nominal Amount of the hedging instrument | bbl | 3,599 |
Change in fair value (effective hedge) | $ 398 |
Over the Counter [Member] | |
Disclosure Of Derivative Financial Instruments [Line Items] | |
Nominal Amount of the hedging instrument | bbl | 3,528 |
Change in fair value (effective hedge) | $ 404 |
Change in fair value (ineffective hedge) | $ 2 |
Futures contract [member] | |
Disclosure Of Derivative Financial Instruments [Line Items] | |
Nominal Amount of the hedging instrument | bbl | 71 |
Change in fair value (effective hedge) | $ (6) |
Change in fair value (ineffective hedge) | $ (2) |
Derivative financial instrume_5
Derivative financial instruments (Details 2) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Cash flow hedges [abstract] | |
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, assets | € (389) |
Reserve of cash flow hedges, continuing hedges | (13) |
Reclassification adjustments on cash flow hedges, net of tax | 642 |
Forecast Sales [Member] | |
Cash flow hedges [abstract] | |
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, assets | (389) |
Reserve of cash flow hedges, continuing hedges | (13) |
Reclassification adjustments on cash flow hedges, net of tax | € 642 |
Derivative financial instrume_6
Derivative financial instruments (Details 3) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Other operating income (expense) | € 129 | € (32) | € 16 |
Cash flow hedges [member] | |||
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Other operating income (expense) | 12 | (1) | |
Derivatives [member] | |||
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Other operating income (expense) | € 129 | € (44) | € 17 |
Derivative financial instrume_7
Derivative financial instruments (Details 4) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Finance Income (expense) on derivative financial instruments | € (307) | € 837 | € (482) |
Derivatives On Exchange Rate [Member] | |||
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Finance Income (expense) on derivative financial instruments | (329) | 809 | (494) |
Derivatives On Interest Rate [Member] | |||
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Finance Income (expense) on derivative financial instruments | € 22 | € 28 | (12) |
Options [Member] | |||
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Finance Income (expense) on derivative financial instruments | € 24 |
Derivative financial instrume_8
Derivative financial instruments (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Options Embedded In Convertible Bonds | € 21 | ||
Exchange Rate Risk Deriving From Securities | 1,154 | ||
Negative Exchange Differences of Hedging Instrument | 35 | ||
Hedging instruments Portion of Bonds | 1,140 | ||
Net income(Loss) | 129 | € 44 | € 36 |
Exploration And Production [Member] | |||
Disclosure Of Derivative Financial Instruments [Line Items] | |||
Net income(Loss) | € 19 |
Assets held for sale and liab_2
Assets held for sale and liabilities directly associated with assets held for sale (Details Textual) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Proportion of ownership interest in subsidiary | 80.00% | |
Liabilities included in disposal groups classified as held for sale | € 59 | € 87 |
Tigaz Zrt [Member] | ||
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Percentage of Ownership Interest Divested | 98.99% | |
Tigaz dso [Member] | ||
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Proportion of ownership interest in subsidiary | (100.00%) | |
Current Assets Or Disposal Group Classified As Held For Sale | € 81 | |
Current Lliabilities Included In Disposal Groups Classified As Held For Sale | 33 | |
Tigaz dso [Member] | Gross carrying amount [member] | ||
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Non-current assets or disposal groups classified as held for sale | 274 | |
Liabilities included in disposal groups classified as held for sale | 59 | |
Met holding [Member] | ||
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Non-current assets or disposal groups classified as held for sale | 295 | |
Liabilities included in disposal groups classified as held for sale | € 59 | |
Lasmo sanga sanga [Member] | ||
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Proportion of ownership interest in subsidiary | 26.25% | |
Unimar Llc [Member] | ||
Disclosure Of Discontinued Operations Explanatory [Line Items] | ||
Proportion of ownership interest in subsidiary | 50.00% | |
Non-current assets or disposal groups classified as held for sale | € 21 |
Shareholders' equity (Details)
Shareholders' equity (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Share capital | € 4,005 | € 4,005 |
Retained earnings | 36,702 | 35,966 |
Cumulative currency translation differences | 6,605 | 4,818 |
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 | (9) | 183 |
Reserve related to the defined benefit plans net of tax effect | (130) | (114) |
Other comprehensive income on equity-accounted investments | 66 | 90 |
Other comprehensive income on ther investments | 15 | |
Other reserves | 1,672 | 1,889 |
Treasury shares | (581) | (581) |
Interim dividend | (1,513) | (1,441) |
Net profit (loss) for the year | 4,126 | 3,374 |
Total Eni shareholders' equity | € 51,016 | 48,030 |
Miscellaneous other reserves [member] | ||
Other reserves | € 190 |
Shareholders' equity (Details 1
Shareholders' equity (Details 1) € in Millions | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Balance | € 48,079 |
Changes in accounting principles (IFRS 9) | 294 |
Changes in accounting principles (IFRS 15) | (49) |
Balance | 51,073 |
Share capital [member] | |
Balance | 4,005 |
Balance | 4,005 |
Retained Earnings [Member] | |
Balance | 35,966 |
Changes in accounting principles (IFRS 9) | 294 |
Changes in accounting principles (IFRS 15) | (49) |
Balance | 36,702 |
Other reserves [member] | |
Balance | 1,889 |
Balance | 1,672 |
Net profit Loss [Member] | |
Balance | 3,374 |
Balance | € 3,374 |
Shareholders' equity (Details 2
Shareholders' equity (Details 2) € in Millions | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | |
Reserve of cash flow hedges [member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | € 183 | € 189 | |
Changes of the year | 283 | (45) | |
Reversal to Inventories Adjustments | (7) | ||
Reclassification adjustments | (468) | 39 | |
Reserve at end of the period | (9) | 183 | |
Reserve of cash flow hedges [member] | Gross Reserve [Member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | 240 | 246 | |
Changes of the year | 399 | (59) | |
Reversal to Inventories Adjustments | (10) | ||
Reclassification adjustments | (642) | 53 | |
Reserve at end of the period | (13) | 240 | |
Reserve of cash flow hedges [member] | Deferred Tax Liabilities [Member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | (57) | (57) | |
Changes of the year | (116) | 14 | |
Reversal to Inventories Adjustments | 3 | ||
Reclassification adjustments | 174 | (14) | |
Reserve at end of the period | 4 | (57) | |
Reserve of remeasurements of defined benefit plans [member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | 114 | (112) | |
Changes of the year | (17) | (4) | |
Foreign currency translation differences | 2 | ||
Change in Scope of Consolidation | 1 | ||
Reserve at end of the period | 130 | 114 | |
Reserve of remeasurements of defined benefit plans [member] | Gross Reserve [Member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | (133) | (99) | |
Changes of the year | (15) | (33) | |
Foreign currency translation differences | 1 | (1) | |
Change in Scope of Consolidation | $ | $ 4 | ||
Reserve at end of the period | (143) | (133) | |
Reserve of remeasurements of defined benefit plans [member] | Deferred Tax Liabilities [Member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | 19 | (13) | |
Changes of the year | (2) | 29 | |
Foreign currency translation differences | (1) | 3 | |
Change in Scope of Consolidation | $ | $ (3) | ||
Reserve at end of the period | 13 | 19 | |
Reserve of gains and losses from investments in equity instruments [member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Reserve at beginning of the period | 90 | 21 | |
Changes of the year | (24) | 69 | |
Reserve at end of the period | 66 | € 90 | |
Investments valued at fair value [Member] | |||
Disclosure Of Classes Of Share Capital Explanatory [Line Items] | |||
Changes of the year | 15 | ||
Reserve at end of the period | € 15 |
Shareholders' equity (Details 3
Shareholders' equity (Details 3) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of classes of share capital [abstract] | ||||
Net Profit As Recorded in Eni Spa Financial Statements | € 3,173 | € 3,586 | ||
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Net profit | (134) | (466) | ||
- difference between purchase cost and underlying carrying amounts of net equity, Net profit | (1) | |||
- adjustments to comply with Group account policies, Net profit | 862 | 202 | ||
- elimination of unrealized intercompany profits, Net profit | 177 | (88) | ||
- deferred taxation, Net profit | 59 | 144 | ||
Net profit (loss) for the year | 4,137 | 3,377 | € (1,457) | |
Non-controlling interest, Net profit | (11) | (3) | (7) | |
As recorded in Consolidated Financial Statements, Net profit | 4,126 | 3,374 | (1,464) | |
As recorded in Eni SpA's Financial Statements, Shareholders' equity | 42,615 | 42,529 | ||
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Shareholders' equity | 7,183 | 6,110 | ||
- difference between purchase cost and underlying carrying amounts of net equity, Shareholders' equity | 153 | 145 | ||
- adjustments to comply with Group account policies, Shareholders' equity | 2,000 | 719 | ||
- elimination of unrealized intercompany profits, Shareholders' equity | (519) | (807) | ||
- deferred taxation, Shareholders' equity | (359) | (617) | ||
TOTAL SHAREHOLDERS' EQUITY | 51,073 | 48,079 | € 53,086 | € 57,409 |
Non-controlling interest | (57) | (49) | ||
As recorded in Consolidated Financial Statements, Shareholders' equity | € 51,016 | € 48,030 |
Shareholders' equity (Details T
Shareholders' equity (Details Textual) € / shares in Units, $ / shares in Units, $ in Millions | Apr. 13, 2017USD ($) | May 12, 2016$ / shares | Dec. 31, 2018EUR (€)€ / sharesshares | Dec. 31, 2018EUR (€)$ / sharesshares | Dec. 31, 2017EUR (€)€ / sharesshares | Dec. 31, 2016€ / shares |
Share capital | € 4,005,000,000 | € 4,005,000,000 | € 4,005,000,000 | |||
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share | $ / shares | $ 0.42 | € 0.42 | ||||
Capital redemption reserve | 581,000,000 | € 581,000,000 | 581,000,000 | |||
Other reserves | 1,672,000,000 | 1,672,000,000 | 1,889,000,000 | |||
Treasury shares | (581,000,000) | (581,000,000) | (581,000,000) | |||
Distributable Reserves | 46,000,000,000 | 46,000,000,000 | ||||
Interim Dividends | € 1,513,000,000 | 1,513,000,000 | € 1,441,000,000 | |||
Interim Dividends Paid Per Share | € / shares | € 0.42 | € 0.40 | € 0.40 | |||
Dividends recognised as distributions to owners per share | € / shares | € 0.80 | |||||
Retained earnings | € 36,702,000,000 | € 36,702,000,000 | € 35,966,000,000 | |||
Sale of treasury shares | $ | $ 11 | |||||
Ordinary shares [member] | ||||||
Number of shares issued | shares | 3,634,185,330 | 3,634,185,330 | ||||
Parent companys [Member] | ||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||||
Eni SpA Reserve [Member] | ||||||
Other reserves | 63,000,000 | 63,000,000 | ||||
Merger reserve [member] | ||||||
Other reserves | € 127,000,000 | € 127,000,000 | ||||
Treasury shares [member] | ||||||
Number of shares issued | shares | 33,045,197 |
Other information (Details)
Other information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement Line Items [Line Items] | |||
Current assets | € 39,450 | € 36,433 | |
Non-current assets | 78,628 | 78,172 | |
Net borrowings | 11 | (10,916) | |
Fair value of investments held before the acquisition of control | 50 | ||
Gain on a bargain purchase | (8) | ||
Purchase price | 148 | ||
Investment in consolidated subsidiaries and businesses net of cash and cash equivalent | 119 | ||
Net effect of disposals | 206 | ||
Non-controlling interest | (57) | (49) | |
Cash And Cash Equivalents Divested | 29 | ||
Current And Non Current Liabilities | (47) | ||
Disposal Of Consolidated Subsidiaries And Businesses [Member] | |||
Statement Line Items [Line Items] | |||
Current assets | 328 | 166 | € 6,526 |
Non-current assets | 5,079 | 814 | 8,615 |
Net borrowings | 785 | 252 | 5,415 |
Net effect of disposals | 2,722 | 523 | 3,392 |
Reclassification of foreign currency translation differences among other items of comprehensive income | 7 | ||
Fair value of share capital held after the sale of control | (1,006) | ||
Gain on disposal | 2,148 | 11 | |
Non-controlling interest | (1,872) | ||
Selling price | 2,671 | 532 | |
Disposal of consolidated subsidiaries and businesses net of cash and cash equivalent divested | (47) | 2,662 | (362) |
Cash And Cash Equivalents Divested | 286 | 9 | 894 |
Current And Non Current Liabilities | (3,470) | € (205) | € (6,334) |
Fair valuation of business combination | € 889 |
Other information (Details Text
Other information (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | ||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Percentage of voting equity interests acquired | 69.60% | ||||||
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities | € 119 | ||||||
Net Assets Excluded from Consolidation of Entities | 2,486 | ||||||
Cash and cash equivalents | 10,836 | [1] | € 7,363 | [1] | € 5,674 | [1] | € 5,209 |
Value of Investments Recognized | 3,498 | ||||||
Cumulative gain (loss) on disposal of investments in equity instruments designated at fair value through other comprehensive income | 889 | ||||||
Exchange Rate Differences Net | € 123 | ||||||
Percentage of Stake held by Subsidiary | 26.25% | ||||||
Proceeds from issue of ordinary shares | € 145 | ||||||
Cash Divested Net | € 13 | ||||||
Tigz Zrt [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Percentage of Stake held by Subsidiary | 98.99% | ||||||
Tigz Dso [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Percentage of Stake held by Subsidiary | 100.00% | ||||||
Lasmo sanga sanga [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Proceeds from issue of ordinary shares | € 33 | ||||||
Eni Croatia BV [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Percentage of Stake held by Subsidiary | 100.00% | ||||||
Proceeds from issue of ordinary shares | € 20 | ||||||
Cash Divested Net | € 15 | ||||||
Eni Trinidad and Tobago Ltd [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Percentage of Stake held by Subsidiary | 100.00% | ||||||
Proceeds from issue of ordinary shares | € 10 | ||||||
Mossi Ghisolfi Group [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Consideration transferred, acquisition-date fair value | € 75 | ||||||
Gas Supply Company [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Percentage of voting equity interests acquired | 51.00% | ||||||
Thessalia SA [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Consideration transferred, acquisition-date fair value | € 24 | ||||||
Mestni Plinovodi distribucija plina doo [Member] | |||||||
Disclosure Of Notes And Other Explanatory Information Explanatory [Line Items] | |||||||
Consideration transferred, acquisition-date fair value | 15 | ||||||
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities | € 1 | ||||||
[1] | Cash and cash equivalents as of December 31, 2018, include €19 million of cash and cash equivalents of consolidated subsidiaries held for sale that were reported in the item Assets held for sale in the balance sheet |
Guarantees, commitments and r_3
Guarantees, commitments and risks (Details) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Guarantees | € 9,497 | € 16,174 |
Consolidated Subsidiaries [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Guarantees | 5,082 | 5,595 |
Unconsolidated subsidiaries [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Guarantees | 196 | 181 |
Joint ventures and associates [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Guarantees | 4,056 | 10,046 |
Others [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Guarantees | € 163 | € 352 |
Guarantees, commitments and r_4
Guarantees, commitments and risks (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Contingent Liabilities Explanatory [Abstract] | ||
Commitments | € 54,611 | € 14,498 |
Risks | 673 | 691 |
Commitments And Risks | € 55,284 | € 15,189 |
Guarantees, commitments and r_5
Guarantees, commitments and risks (Details 2) - EUR (€) € in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Interest Rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | € 2,990 | € 2,580 |
Exchange rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 250 | 260 |
Top of range [member] | Interest Rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 3,650 | 3,760 |
Top of range [member] | Exchange rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 570 | 570 |
Bottom of range [member] | Interest Rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 1,800 | 1,720 |
Bottom of range [member] | Exchange rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 90 | 80 |
Average [Member] | Interest Rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 2,730 | 2,380 |
Average [Member] | Exchange rate [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | € 280 | € 220 |
[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 r_6
Guarantees, commitments and risks (Details 3) - EUR (€) € in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Commercial Exposure Risk [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | € 7,500 | € 5,150 |
Commercial Exposure Risk [Member] | Top of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 18,600 | 21,140 |
Commercial Exposure Risk [Member] | Bottom of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 6,790 | 5,150 |
Commercial Exposure Risk [Member] | Average [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 11,040 | 12,240 |
Trading [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | 270 | 660 |
Trading [Member] | Top of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | 2,280 | 2,290 |
Trading [Member] | Bottom of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | 260 | 210 |
Trading [Member] | Average [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | € 730 | € 790 |
[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 r_7
Guarantees, commitments and risks (Details 4) - Strategic liquidity [Member] - EUR (€) € in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | € 20 | € 30 |
Bottom of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 10 | 20 |
Top of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 40 | 40 |
Average [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 20 | 30 |
Sensitivity Dollar Value [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | 250 | 270 |
Sensitivity Dollar Value [Member] | Bottom of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | 250 | 270 |
Sensitivity Dollar Value [Member] | Top of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | 350 | 410 |
Sensitivity Dollar Value [Member] | Average [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [2] | € 290 | € 350 |
[1] | Management of strategic liquidity portfolio in $currency starting from August 2017. | ||
[2] | Management of strategic liquidity portfolio starting from July 2013. |
Guarantees, commitments and r_8
Guarantees, commitments and risks (Details 5) - Strategic liquidity [Member] - EUR (€) € in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | € 20 | € 30 |
Bottom of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 10 | 20 |
Top of range [member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | 40 | 40 |
Average [Member] | |||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |||
Value at risk | [1] | € 20 | € 30 |
[1] | Management of strategic liquidity portfolio in $currency starting from August 2017. |
Guarantees, commitments and r_9
Guarantees, commitments and risks (Details 6) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | € 25,865 | € 24,707 |
Current financial liabilities | 2,182 | 2,242 |
Not later than one year [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 3,301 | 2,000 |
Current financial liabilities | 2,182 | 2,242 |
Fair value of derivative instruments | 1,445 | 1,011 |
Total | 6,928 | 5,253 |
Interest on finance debt | 655 | 582 |
Financial guarantees | 668 | 473 |
Later than one year and not later than two years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 2,958 | 4,084 |
Fair value of derivative instruments | 13 | 64 |
Total | 2,971 | 4,148 |
Interest on finance debt | 545 | 511 |
Later than two years and not later than three years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 1,541 | 2,857 |
Fair value of derivative instruments | 1 | 10 |
Total | 1,542 | 2,867 |
Interest on finance debt | 436 | 411 |
Later than three years and not later than four years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 1,253 | 1,279 |
Fair value of derivative instruments | 21 | 1 |
Total | 1,274 | 1,280 |
Interest on finance debt | 330 | 304 |
Later than four years and not later than five years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 2,714 | 1,246 |
Fair value of derivative instruments | 16 | |
Total | 2,714 | 1,262 |
Interest on finance debt | 320 | 250 |
Later than five years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 11,723 | 10,810 |
Fair value of derivative instruments | 5 | |
Total | 11,728 | 10,810 |
Interest on finance debt | 1,677 | 1,455 |
Total [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Non-current financial liabilities (including the current portion) | 23,490 | 22,276 |
Current financial liabilities | 2,182 | 2,242 |
Fair value of derivative instruments | 1,485 | 1,102 |
Total | 27,157 | 25,620 |
Interest on finance debt | 3,963 | 3,513 |
Financial guarantees | € 668 | € 473 |
Guarantees, commitments and _10
Guarantees, commitments and risks (Details 7) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Current trade payables | € 11,645 | € 10,890 |
Other Payables And Advances | 5,257 | 5,903 |
Trade and other payable | 16,902 | 16,793 |
Not later than one year [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Current trade payables | 11,645 | 10,890 |
Other Payables And Advances | 5,102 | 5,858 |
Trade and other payable | 16,747 | 16,748 |
Later than one year and not later than five years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Other Payables And Advances | 59 | 19 |
Trade and other payable | 59 | 19 |
Later than five years [member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Other Payables And Advances | 96 | 26 |
Trade and other payable | € 96 | € 26 |
Guarantees, commitments and _11
Guarantees, commitments and risks (Details 8) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Statement Line Items [Line Items] | |||||
Operating lease obligations | € 3,953 | [1] | € 4,532 | € 2,418 | |
Decommissioning liabilities | [2] | 13,814 | |||
Environmental liabilities | 2,596 | ||||
Purchase obligations | [3] | 131,824 | |||
Other obligations | 116 | ||||
Contractual obligations | 152,303 | ||||
Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 125,872 | ||||
Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 3,851 | ||||
Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 2,101 | ||||
Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | 116 | ||||
Not later than one year [member] | |||||
Statement Line Items [Line Items] | |||||
Operating lease obligations | 776 | [1] | 883 | 593 | |
Decommissioning liabilities | [2] | 335 | |||
Environmental liabilities | 349 | ||||
Purchase obligations | [3] | 14,674 | |||
Other obligations | 8 | ||||
Contractual obligations | 16,142 | ||||
Not later than one year [member] | Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 11,886 | ||||
Not later than one year [member] | Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 1,164 | ||||
Not later than one year [member] | Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 1,624 | ||||
Not later than one year [member] | Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | 8 | ||||
Later than one year and not later than two years [member] | |||||
Statement Line Items [Line Items] | |||||
Operating lease obligations | [1] | 601 | |||
Decommissioning liabilities | [2] | 294 | |||
Environmental liabilities | 321 | ||||
Purchase obligations | [3] | 11,258 | |||
Other obligations | 1 | ||||
Contractual obligations | 12,475 | ||||
Later than one year and not later than two years [member] | Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 10,470 | ||||
Later than one year and not later than two years [member] | Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 558 | ||||
Later than one year and not later than two years [member] | Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 230 | ||||
Later than one year and not later than two years [member] | Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | 1 | ||||
Later than two years and not later than three years [member] | |||||
Statement Line Items [Line Items] | |||||
Operating lease obligations | [1] | 481 | |||
Decommissioning liabilities | [2] | 407 | |||
Environmental liabilities | 254 | ||||
Purchase obligations | [3] | 10,649 | |||
Other obligations | 1 | ||||
Contractual obligations | 11,792 | ||||
Later than two years and not later than three years [member] | Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 9,995 | ||||
Later than two years and not later than three years [member] | Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 482 | ||||
Later than two years and not later than three years [member] | Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 172 | ||||
Later than two years and not later than three years [member] | Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | 1 | ||||
Later than three years and not later than four years [member] | |||||
Statement Line Items [Line Items] | |||||
Operating lease obligations | [1] | 303 | |||
Decommissioning liabilities | [2] | 260 | |||
Environmental liabilities | 239 | ||||
Purchase obligations | [3] | 9,683 | |||
Other obligations | 1 | ||||
Contractual obligations | 10,486 | ||||
Later than three years and not later than four years [member] | Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 9,276 | ||||
Later than three years and not later than four years [member] | Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 382 | ||||
Later than three years and not later than four years [member] | Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 25 | ||||
Later than three years and not later than four years [member] | Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | 1 | ||||
Later than four years and not later than five years [member] | |||||
Statement Line Items [Line Items] | |||||
Operating lease obligations | [1] | 268 | |||
Decommissioning liabilities | [2] | 124 | |||
Environmental liabilities | 188 | ||||
Purchase obligations | [3] | 9,546 | |||
Other obligations | 1 | ||||
Contractual obligations | 10,127 | ||||
Later than four years and not later than five years [member] | Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 9,210 | ||||
Later than four years and not later than five years [member] | Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 324 | ||||
Later than four years and not later than five years [member] | Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 12 | ||||
Later than four years and not later than five years [member] | Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | 1 | ||||
Later than five years [member] | |||||
Statement Line Items [Line Items] | |||||
Operating lease obligations | 1,524 | [1] | € 1,939 | € 785 | |
Decommissioning liabilities | [2] | 12,394 | |||
Environmental liabilities | 1,245 | ||||
Purchase obligations | [3] | 76,014 | |||
Other obligations | 104 | ||||
Contractual obligations | 91,281 | ||||
Later than five years [member] | Gas take or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 75,035 | ||||
Later than five years [member] | Gas ship or pay contracts [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 941 | ||||
Later than five years [member] | Other purchase obligations [Member] | |||||
Statement Line Items [Line Items] | |||||
Purchase obligations | 38 | ||||
Later than five years [member] | Memorandum of intent Val d'Agri [Member] | |||||
Statement Line Items [Line Items] | |||||
Other obligations | € 104 | ||||
[1] | 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. |
Guarantees, commitments and _12
Guarantees, commitments and risks (Details 9) € in Millions | Dec. 31, 2018EUR (€) |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |
Committed projects | € 20,406 |
Not later than one year [member] | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |
Committed projects | 6,492 |
Later than one year and not later than two years [member] | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |
Committed projects | 4,917 |
Later than two years and not later than three years [member] | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |
Committed projects | 3,458 |
Later than three years and not later than four years [member] | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |
Committed projects | 1,910 |
Later Than Four Years And Thereafter [Member] | |
Disclosure Of Contingent Liabilities Explanatory [Line Items] | |
Committed projects | € 3,629 |
Guarantees, commitments and _13
Guarantees, commitments and risks (Details 10) € in Millions | Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||||||
Held-for-trading financial instruments, Financial asseta held for trading | € 6,552 | [1] | € 6,012 | |||
Held-for-trading financial instruments, Non-hedging and trading derivatives | [2] | 117 | 209 | |||
Held-to-maturity financial instruments, Held-to-maturity securities | 1,253 | 1,675 | $ 1,675 | |||
Available-for-sale financial instruments, Securities | [1] | 207 | ||||
Trade receivables and other | [3] | 14,145 | 15,583 | |||
Financing receivables | 1,489 | 1,918 | ||||
Securities | $ | [1] | $ 64,000,000 | ||||
Trade payables and other | 16,902 | 16,793 | ||||
Financing payables | 25,865 | 24,707 | ||||
Financial assets reclassified out of available-for-sale financial assets, at fair value | 919 | |||||
Net Gains Losses Recognized in Profit and Loss Account [Member] | ||||||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||||||
Held-for-trading financial instruments, Financial asseta held for trading | [1] | 32 | (111) | |||
Held-for-trading financial instruments, Non-hedging and trading derivatives | [2] | (178) | 793 | |||
Available-for-sale financial instruments, Securities | [1] | 9 | ||||
Trade receivables and other | [3] | (343) | (958) | |||
Financing receivables | (139) | (116) | ||||
Trade payables and other | (28) | (51) | ||||
Financing payables | (615) | (1,137) | ||||
Net assets (liabilities) for hedging derivatives | 642 | (42) | ||||
Financial assets reclassified out of available-for-sale financial assets, at fair value | 231 | |||||
Net Gains Losses Recognized in Other Comprehensive Income [Member] | ||||||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||||||
Available-for-sale financial instruments, Securities | [1] | (4) | ||||
Net assets (liabilities) for hedging derivatives | (243) | € (6) | ||||
Financial assets reclassified out of available-for-sale financial assets, at fair value | € 15 | |||||
[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 recognized as income within “Other operating income (loss)” for €129 million (loss for €44 million in 2017) and as loss within “Finance income (expense)” for €307 million (income for €837 million in 2017). | |||||
[3] | Income or expense were recognized in the profit and loss account as net impairment losses within “Net (impairment losses) reversal of trade and other receivables” for €415 million (net impairment losses for €913 million in 2017) and as income within “Finance income (expense)” for €69 million (expenses for €45 million in 2017), including interest income calculated on the basis of the effective interest rate of € 38 million. |
Guarantees, commitments and _14
Guarantees, commitments and risks (Details 11) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Trade and other current liabilities [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Gross amount of financial assets and liabilities | € 18,280 | € 17,963 |
Gross amount of financial assets and liabilities subject to offsetting | 1,533 | 1,215 |
Net amount of financial assets and liabilities | 16,747 | 16,748 |
Other current liabilities [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Gross amount of financial assets and liabilities | 5,616 | 2,794 |
Gross amount of financial assets and liabilities subject to offsetting | 1,636 | 1,279 |
Net amount of financial assets and liabilities | 3,980 | 1,515 |
Trade and other current receivables [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Gross amount of financial assets and liabilities | 15,634 | 16,636 |
Gross amount of financial assets and liabilities subject to offsetting | 1,533 | 1,215 |
Net amount of financial assets and liabilities | 14,101 | 15,421 |
Other current assets [Member] | ||
Disclosure Of Contingent Liabilities Explanatory [Line Items] | ||
Gross amount of financial assets and liabilities | 3,894 | 2,852 |
Gross amount of financial assets and liabilities subject to offsetting | 1,636 | 1,279 |
Net amount of financial assets and liabilities | € 2,258 | € 1,573 |
Guarantees, commitments and _15
Guarantees, commitments and risks (Details Textual) t in Thousands | 1 Months Ended | 12 Months Ended | ||||||
Mar. 31, 2017EUR (€) | Dec. 31, 2018EUR (€)t | Dec. 31, 2018USD ($)t | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | Dec. 31, 2018USD ($) | Apr. 30, 2018EUR (€) | Jun. 30, 2016EUR (€) | |
Ifrs Statement [Line Items] | ||||||||
Value added tax receivables | € 22,000,000 | |||||||
Risks | € 673,000,000 | € 691,000,000 | ||||||
Estimated annual production capacity | 3.37 million tonnes | 3.37 million tonnes | ||||||
Maximum financial guarantee given by the company | € 1,147,000,000 | |||||||
Maximum amount of debt service undertaking | € 1,397,000,000 | |||||||
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 was 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 participating interest in the EPCIC of Area 4. | This parent company guarantee issued by Eni covering 100% of the aforementioned obligations was taken over by the other concessionaires (Kogas, Galp and ENH) and by ExxonMobil and CNPC shareholders of the joint operation Mozambico Rovuma Venture SpA, in proportion to their respective participating interest in the EPCIC of Area 4. | ||||||
Contractual volumes of gas amount | $ | $ 13,000,000,000 | |||||||
Other operating income (expense) | € 129,000,000 | (32,000,000) | € 16,000,000 | |||||
Interest income on financial assets designated at fair value through profit or loss | 307,000,000 | 837,000,000 | ||||||
Finance income expense recognized in profit and loss account included in net sales from operations | 642,000,000 | 54,000,000 | ||||||
Finance income expense recognized in profit and loss account related to time value component | 12,000,000 | |||||||
Estimated damage value | € 7,000,000 | |||||||
Number of years required to monitor natural recovery | 20 years | 20 years | ||||||
Estimated compensatory work | € 9,500,000 | |||||||
Quantity of total emission of carbon dioxide | t | 19,930 | 19,930 | ||||||
Quantity of free emission allowance of carbon dioxide | t | 7,250 | 7,250 | ||||||
Deficit quantity of emission allowance of carbon dioxide | t | 12,680 | 12,680 | ||||||
Financial Derivatives Set Off Against Financial Derivatives Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements | € 1,636,000,000 | 1,279,000,000 | ||||||
Excise tax payables | 1,550,000 | € 34,000,000 | ||||||
Contract Value Recognized | 4,586,000,000 | |||||||
Increase In Other Commitments Through Issuance Of Guarantees And Participating Interests | 13,094,000,000 | |||||||
Impairment loss | 1,701,000,000 | 913,000,000 | ||||||
Finance Income Expense Recognized In Profit And Loss Account Due to Reversal of Trade and Other Receivables | 69,000,000 | 45,000,000 | ||||||
Finance Income Expense Recognized In Profit And Loss Account On the basis Of Effective Interest Rate | 38,000,000 | |||||||
Finance Income Expense Recognized In Profit And Loss Account | 139,000,000 | 116,000,000 | ||||||
Finance Income Expense Recognized In Profit And Loss Account On the basis Of Effective Interest Rate 1 | 129,000,000 | 128,000,000 | ||||||
Impairment Loss 1 | 275,000,000 | |||||||
Finance Income Expense Recognized In Profit And Loss Account1 | 615,000,000 | 1,137,000,000 | ||||||
Finance Income Expense Recognized In Profit And Loss Account On the basis Of Effective Interest Rate 2 | 605,000,000 | 654,000,000 | ||||||
Overall Damages Amount | 908,000,000 | |||||||
Higher Supply Costs Of Jet Fuel | 777,000,000 | |||||||
Amount Of Competitive Position In Market Place Estimated | 131,000,000 | |||||||
Assessment Of Overall Damage | 395,000,000 | |||||||
Lower profitability Due to Reduced competitive Position | 61,000,000 | |||||||
Disgorgement Of Profit | 100,000,000 | |||||||
Mexico License Agreement [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Increase In Other Commitments Through Issuance Of Guarantees | € 6,831,000,000 | |||||||
Umm Shaif and Nasr [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
PercentageOf Agreements Under Development | 10.00% | 10.00% | ||||||
Lower Zakum [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
PercentageOf Agreements Under Development | 5.00% | 5.00% | ||||||
Gasha [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
PercentageOf Agreements Under Development | 25.00% | 25.00% | ||||||
Mozambique rovuma venture SpA [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Proportion of ownership interest in joint operation | 35.71% | 35.71% | ||||||
Environmental Damage [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Contingent Liability Litigation Damages Sought value | € 250,000,000 | |||||||
Exploration & Production Segment [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Gross amount of financial assets and liabilities subject to offsetting | € 1,347,000,000 | 1,041,000,000 | ||||||
Area Four in Mozambique [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Percentage of interest in project | 25 | 25 | ||||||
Eni International BV [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Assets (liabilities) | € 34,700,000,000 | |||||||
Syndial SpA [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Litigation damages annulled by the court | € 1,800,000 | $ 1,833.5 | ||||||
ENI SPA [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Proportion of ownership interest in joint operation | 50.00% | 50.00% | ||||||
Eni Trading Shipping Inc [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Gross amount of financial assets and liabilities subject to offsetting | € 186,000,000 | 174,000,000 | ||||||
Liquidity risk [member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Risks | 244,000,000 | 235,000,000 | € 334,000,000 | |||||
Credit risk [member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Risks | 429,000,000 | 456,000,000 | ||||||
Eni USA Gas Marketing Llc and Gulf LNG Energy Llc GLE and Gulf LNG Pipeline Llc GLP [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Long Term Supply Commitments | 948,000,000 | |||||||
Supply Commitments Compensation Recognized | 324,000,000 | |||||||
Claim For regasification fees | 757,000,000 | |||||||
Coral Project [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | 1,397,000,000 | 1,334,000,000 | ||||||
Third parties [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Guarantee For Bid Bonds And Performance Bonds | € 1,644,000,000 | 2,122 | ||||||
Coral FLNG SA [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Proportion of ownership interest in joint operation | 25.00% | 25.00% | ||||||
Rete Ferroviaria Italiana SpA [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | € 499,000,000 | 6,122,000,000 | ||||||
FLNG [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Guarantee For Bid Bonds And Performance Bonds | 1,147,000,000 | 1,094,000,000 | ||||||
Saipem [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Guarantee For Bid Bonds And Performance Bonds | 279,000,000 | 1,008,000,000 | ||||||
Financial guarantee contracts [member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Bank Guarantee | 1,664,000,000 | 1,623,000,000 | ||||||
Unsecured and other guarantees [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Underlying commitment | 2,159,000,000 | 2,594,000,000 | ||||||
Unsecured and other guarantees [Member] | Angola LNG Supply Service Llc [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Unsecured and other guarantees on behalf of joint ventures and associates | € 177,000,000 | 169,000,000 | ||||||
Percentage of Exposure to Guarantees | 13.60% | 13.60% | ||||||
Other Commitments [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Capital commitments | € 52,397,000,000 | 11,289,000,000 | ||||||
Investments in joint ventures | 116,000,000 | 128,000,000 | ||||||
Other Commitments [Member] | Regasified gas at the Pascagoula plant [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Capital commitments | 2,079,000,000 | 2,113,000,000 | ||||||
Project financing agreement [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Bank Acceptance Liabilities | 4,082,000,000 | |||||||
Project financing agreement [Member] | Mozambique Stateowned company ENH [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Credit facility subscribed by the sponsors | 500,000,000 | |||||||
Derivatives [member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Other operating income (expense) | 129,000,000 | 44,000,000 | ||||||
Debt service undertaking [Member] | Mozambique Stateowned company ENH [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Credit facility subscribed by the sponsors | 155,000,000 | |||||||
Petroleum activities [Member] | Parent company guarantee [Member] | Third parties [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Maximum financial guarantee given by the company | 1,309,000,000 | $ 1,500,000,000 | ||||||
Euro Medium Term Notes [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Nominal Amount | 20,000,000,000 | |||||||
Short-term Borrowings [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Undrawn borrowing facilities | 12,484,000,000 | |||||||
Long term Borrowing [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Undrawn borrowing facilities | 5,214,000,000 | |||||||
Next four years [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Capital commitments | 32,700,000,000 | |||||||
Consolidated Subsidiaries [Member] | Other Guarantees [Member] | ||||||||
Ifrs Statement [Line Items] | ||||||||
Other guarantees on behalf of consolidated subsidiaries | 2,576,000,000 | |||||||
Guarantee For Bid Bonds And Performance Bonds | 2,312,000,000 | |||||||
Bank Guarantee | 1,010,000,000 | 1,010,000,000 | ||||||
Underlying commitment | € 5,000,000,000 | € 5,564,000,000 |
Revenues (Details)
Revenues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Products sales and service revenues | |||
Sales of crude oil | € 22,453 | ||
Sales of oil products | 22,399 | ||
Sales of natural gas and LNG | 19,642 | ||
Sales of chemical products | 5,574 | ||
Sales of other products | 2,421 | ||
Services | 3,333 | ||
Total | 76,938 | € 70,977 | € 56,693 |
Transfer of goods and/or services | |||
Revenue | 76,938 | € 70,977 | € 56,693 |
Goods or services transferred at point in time [member] | |||
Products sales and service revenues | |||
Total | 75,296 | ||
Transfer of goods and/or services | |||
Revenue | 75,296 | ||
Goods or services transferred over time [member] | |||
Products sales and service revenues | |||
Total | 526 | ||
Transfer of goods and/or services | |||
Revenue | 526 | ||
Exploration And Production [Member] | |||
Products sales and service revenues | |||
Sales of crude oil | 3,982 | ||
Sales of oil products | 1,133 | ||
Sales of natural gas and LNG | 4,554 | ||
Sales of other products | 27 | ||
Services | 247 | ||
Total | 9,943 | ||
Transfer of goods and/or services | |||
Revenue | 9,943 | ||
Exploration And Production [Member] | Goods or services transferred at point in time [member] | |||
Products sales and service revenues | |||
Total | 9,676 | ||
Transfer of goods and/or services | |||
Revenue | 9,676 | ||
Exploration And Production [Member] | Goods or services transferred over time [member] | |||
Products sales and service revenues | |||
Total | 267 | ||
Transfer of goods and/or services | |||
Revenue | 267 | ||
Gas And Power [Member] | |||
Products sales and service revenues | |||
Sales of crude oil | 18,471 | ||
Sales of oil products | 4,053 | ||
Sales of natural gas and LNG | 15,088 | ||
Sales of chemical products | 762 | ||
Sales of other products | 2,363 | ||
Services | 2,372 | ||
Total | 43,109 | ||
Transfer of goods and/or services | |||
Revenue | 43,109 | ||
Gas And Power [Member] | Goods or services transferred at point in time [member] | |||
Products sales and service revenues | |||
Total | 42,979 | ||
Transfer of goods and/or services | |||
Revenue | 42,979 | ||
Gas And Power [Member] | Goods or services transferred over time [member] | |||
Products sales and service revenues | |||
Total | 130 | ||
Transfer of goods and/or services | |||
Revenue | 130 | ||
Refining and marketing and chemical [Member] | |||
Products sales and service revenues | |||
Sales of oil products | 17,213 | ||
Sales of chemical products | 4,777 | ||
Sales of other products | 20 | ||
Services | 584 | ||
Total | 22,594 | ||
Transfer of goods and/or services | |||
Revenue | 22,594 | ||
Refining and marketing and chemical [Member] | Goods or services transferred at point in time [member] | |||
Products sales and service revenues | |||
Total | 22,535 | ||
Transfer of goods and/or services | |||
Revenue | 22,535 | ||
Refining and marketing and chemical [Member] | Goods or services transferred over time [member] | |||
Products sales and service revenues | |||
Total | 59 | ||
Transfer of goods and/or services | |||
Revenue | 59 | ||
Corporate And Other Activities [Member] | |||
Products sales and service revenues | |||
Sales of chemical products | 35 | ||
Sales of other products | 11 | ||
Services | 130 | ||
Total | 176 | ||
Transfer of goods and/or services | |||
Revenue | 176 | ||
Corporate And Other Activities [Member] | Goods or services transferred at point in time [member] | |||
Products sales and service revenues | |||
Total | 106 | ||
Transfer of goods and/or services | |||
Revenue | 106 | ||
Corporate And Other Activities [Member] | Goods or services transferred over time [member] | |||
Products sales and service revenues | |||
Total | 70 | ||
Transfer of goods and/or services | |||
Revenue | € 70 |
Revenues (Details 1)
Revenues (Details 1) | 12 Months Ended |
Dec. 31, 2018EUR (€) | |
Disclosure Of Revenue Explanatory [Abstract] | |
Revenues associated with liabilities from customer contracts at the beginning of the period | |
Revenues associated with performance obligations totally or partially satisfied in previous years |
Revenues (Details 2)
Revenues (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Disclosure Of Revenue Explanatory [Abstract] | |||||
Gains from sale of assets and businesses | € 454 | € 3,288 | € 14 | ||
Other proceeds | 662 | 770 | [1] | 917 | [1] |
Other revenue | € 1,116 | € 4,058 | € 931 | ||
[1] | Each individual amount included herein was lower than €50 million. |
Revenues (Details Textual)
Revenues (Details Textual) € in Millions | 12 Months Ended | |||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2016EUR (€) | |
Disclosure Of Additional Information Explanatory [Line Items] | ||||
Gain on sale of assets and businesses | € 454 | € 3,288 | € 14 | |
Zohr project [Member] | ||||
Disclosure Of Additional Information Explanatory [Line Items] | ||||
Sale of stake in assets and business | € 428 | € 1,281 | ||
Percentage of sale of stake in assets and business | 10 | 40 | 40 | |
Area 4 Mozambique [Member] | ||||
Disclosure Of Additional Information Explanatory [Line Items] | ||||
Gain on sale of assets and businesses | $ | $ 1,985 | |||
Proportion of owner interest sold | 25.00% | 25.00% |
Costs (Details)
Costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Operating Expenses [Line Items] | |||
Net provisions for contingencies | € 1,120 | € 886 | € 505 |
Total Purchases Services And Other Costs | 55,622 | 51,548 | 43,278 |
Purchase Services And Other [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Production costs - raw, ancillary and consumable materials and goods | 41,125 | 35,907 | 27,783 |
Production costs - services | 10,625 | 12,228 | 12,727 |
Operating leases and other | 1,820 | 1,684 | 1,672 |
Net provisions for contingencies | 1,120 | 886 | 505 |
Expenses for price variation on overliftling and underlifting operations | 145 | 240 | |
Other expenses | 1,130 | 931 | 666 |
Purchase Services And Other Gross Of Capitalized Direct Costs Associated With Self Constructed Assets | 55,820 | 51,781 | 43,593 |
capitalized direct costs associated with self-constructed assets - tangible assets | (192) | (224) | (297) |
capitalized direct costs associated with self-constructed assets - intangible assets | (6) | (9) | (18) |
Total Purchases Services And Other Costs | € 55,622 | € 51,548 | € 43,278 |
Costs (Details 1)
Costs (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Operating Expenses [Line Items] | ||||
Minimum lease payments payable under non-cancellable operating lease | € 3,953 | [1] | € 4,532 | € 2,418 |
Not later than one year [member] | ||||
Disclosure Of Operating Expenses [Line Items] | ||||
Minimum lease payments payable under non-cancellable operating lease | 776 | [1] | 883 | 593 |
Later than one year and not later than five years [member] | ||||
Disclosure Of Operating Expenses [Line Items] | ||||
Minimum lease payments payable under non-cancellable operating lease | 1,653 | 1,710 | 1,040 | |
Later than five years [member] | ||||
Disclosure Of Operating Expenses [Line Items] | ||||
Minimum lease payments payable under non-cancellable operating lease | € 1,524 | [1] | € 1,939 | € 785 |
[1] | 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. |
Costs (Details 2)
Costs (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Operating Expenses [Line Items] | |||
Payroll and related costs | € 3,093 | € 2,951 | € 2,994 |
Payroll and related costs [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Wages and salaries | 2,409 | 2,447 | 2,491 |
Social security contributions | 448 | 441 | 445 |
Cost related to employee benefit plans | 220 | 113 | 81 |
Other costs | 170 | 162 | 202 |
Short-term employee benefits expense | 3,247 | 3,163 | 3,219 |
capitalized direct costs associated with self-constructed assets - tangible assets | (142) | (202) | (215) |
capitalized direct costs associated with self-constructed assets - intangible assets | (12) | (10) | (10) |
Payroll and related costs | € 3,093 | € 2,951 | € 2,994 |
Costs (Details 3)
Costs (Details 3) - Number | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Subsidiaries [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 31,573 | 32,464 | 33,061 |
Subsidiaries [Member] | Senior Managers [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 999 | 995 | 1,018 |
Subsidiaries [Member] | Junior Managers [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 9,095 | 9,089 | 9,160 |
Subsidiaries [Member] | Employees [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 16,220 | 16,721 | 17,180 |
Subsidiaries [Member] | Workers [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 5,259 | 5,659 | 5,703 |
Joint operations [member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 745 | 771 | 805 |
Joint operations [member] | Senior Managers [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 17 | 17 | 18 |
Joint operations [member] | Junior Managers [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 84 | 98 | 109 |
Joint operations [member] | Employees [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 361 | 371 | 384 |
Joint operations [member] | Workers [Member] | |||
Disclosure Of Operating Expenses [Line Items] | |||
Average number of employees | 283 | 285 | 294 |
Costs (Details 4)
Costs (Details 4) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Operating Expenses [Abstract] | |||
Wages and salaries | € 27 | € 25 | € 26 |
Post-employment benefits | 2 | 2 | 2 |
Other long-term benefits | 10 | 9 | 12 |
Indemnities upon termination of employment | 7 | 4 | |
Key management personnel compensation | € 39 | € 43 | € 44 |
Costs (Details Textual)
Costs (Details Textual) € in Thousands | Apr. 13, 2018 | Apr. 13, 2017 | Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) |
Disclosure Of Operating Expenses [Line Items] | |||||
Total Purchases Services And Other Costs | € 55,622,000 | € 51,548,000 | € 43,278,000 | ||
Research and Development Expense | 197,000 | 185,000 | 161,000 | ||
Minimum operating lease payments recognised as expense | 872,000 | 1,022,000 | 566,000 | ||
Provisions For Redundancy Incentives | 37,000 | 18,000 | 47,000 | ||
Post-employment benefit expense, defined contribution plans | 95,000 | 90,000 | 83,000 | ||
Directors' remuneration expense | 9,600 | 14,500 | 7,100 | ||
Statutory auditors remuneration expense | 604 | 760 | 738 | ||
Contingent rents recognised as expense | 0 | ||||
Minimum finance lease payments payable | 0 | ||||
Share Based Payment Arrangement Vesting Term | three-year | ||||
Long-Term Monetary Incentive Plan 2017 – 2019 [Member] | |||||
Disclosure Of Operating Expenses [Line Items] | |||||
Description of share-based payment arrangement | 0% and 180% | ||||
Payroll and related costs [Member] | |||||
Disclosure Of Operating Expenses [Line Items] | |||||
Description of share-based payment arrangement | 50% | ||||
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 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”)1 and the TSR of their corresponding stock exchange market2; (ii) growth in the Net Present Value (NPV) of proved reserves benchmarked against the Peer Group. | ||||
Sharebased payment arrangement vesting range | 0% and 180% | ||||
Number of other equity instruments granted in share-based payment arrangement | 1,517,975 | 1,719,061 | |||
Weighted average exercise price of share options granted in share-based payment arrangement | 11,730 | 7,990 | |||
Weighted average share price, share options granted | € 14,246 | € 13,810 | |||
Expected dividend as percentage, share options granted | 5.80% | ||||
Expected volatility, share options granted | 20.00% | 25.00% | |||
Expense from share-based payment transactions with employees | € 5,100 | € 400 | |||
Explanation of determination of fair value of goods or services received or fair value of equity instruments granted on share-based payments | 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. | ||||
Exploration And Production Segment Total [Member] | Geological and geophysical expenses [Member] | |||||
Disclosure Of Operating Expenses [Line Items] | |||||
Total Purchases Services And Other Costs | 287,000 | 273,000 | 204,000 | ||
Exploration Production Segment [Member] | |||||
Disclosure Of Operating Expenses [Line Items] | |||||
Royalty Expense | € 1,043,000 | € 674,000 | € 572,000 |
Finance income (expense) (Detai
Finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Finance Income Expense Explanatory [Abstract] | |||
Finance income | € 3,967 | € 3,924 | € 5,850 |
Finance expense | (4,663) | (5,886) | (6,232) |
Net finance income (expense) from financial assets held for trading | 32 | (111) | (21) |
Income (expense) from derivative financial instruments | (307) | 837 | (482) |
Finance income (cost) | € (971) | € (1,236) | € (885) |
Finance income (expense) (Det_2
Finance income (expense) (Details 1) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Finance income (expense) related to net borrowings | ||||
Interest and other finance expense on ordinary bonds | € (565) | € (638) | € (639) | |
Interest due to banks and other financial institutions | (120) | (113) | (118) | |
Net finance income (expense) from financial assets held for trading | 32 | (111) | (21) | |
Interest from banks | 18 | 12 | 15 | |
Interest and other income on financial receivables and securities held for non-operating purposes | 8 | 16 | 37 | |
Total Finance Income Expense Related To Net Borrowings | (627) | (834) | (726) | |
Exchange differences | 341 | (905) | 676 | |
Income (expense) from derivative financial instruments | (307) | 837 | (482) | |
Other finance income (expense) | ||||
Interest and other income on financing receivables and securities held for operating purposes | 132 | 128 | 143 | |
Capitalized finance expense | 52 | 73 | 106 | |
Finance expense due to the passage of time (accretion discount) | [1] | (249) | (264) | (312) |
Other finance (expense) | (313) | (271) | (290) | |
Other finance income (cost) | (378) | (334) | (353) | |
Finance income (cost) | € (971) | € (1,236) | € (885) | |
[1] | The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. |
Income (expense) from investm_3
Income (expense) from investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Income Expense From Investments [Line Items] | |||
Dividends | € 231 | € 205 | € 143 |
Net gain (loss) on disposals | 22 | 163 | (14) |
Other net income (expense) | 910 | (33) | (183) |
Other gain (loss) from investments | € 1,163 | € 335 | € (54) |
Income (expense) from investm_4
Income (expense) from investments (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Income Expense From Investments [Line Items] | |||
Dividends | € 231 | € 205 | € 143 |
Percentage of voting equity interests acquired | 69.60% | ||
Nigeria LNG Ltd [Member] | |||
Disclosure Of Income Expense From Investments [Line Items] | |||
Dividends | € 35 | ||
Eni norge AS [Member] | |||
Disclosure Of Income Expense From Investments [Line Items] | |||
Gains on disposals of investments | € 889 |
Income taxes (Details)
Income taxes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current taxes: | |||
Current taxes: | € 5,370 | € 4,021 | € 2,999 |
Net deferred taxes: | |||
Net deferred taxes: | 600 | (554) | (1,063) |
Income Tax Expense | 5,970 | 3,467 | 1,936 |
Italian subsidiaries [Member] | In Italy [Member] | |||
Current taxes: | |||
Current taxes: | 301 | 712 | 195 |
Net deferred taxes: | |||
Net deferred taxes: | 130 | (464) | (243) |
Subsidiaries Of The Exploration And Production Segment [Member] | Subsidiaries outside Italy [Member] | |||
Current taxes: | |||
Current taxes: | 4,906 | 3,167 | 2,671 |
Net deferred taxes: | |||
Net deferred taxes: | 497 | (162) | (813) |
Other Subsidiaries [Member] | Subsidiaries outside Italy [Member] | |||
Current taxes: | |||
Current taxes: | 163 | 142 | 133 |
Net deferred taxes: | |||
Net deferred taxes: | € (27) | € 72 | € (7) |
Income taxes (Details 1)
Income taxes (Details 1) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Income Tax Explanatory [Line Items] | |||
Profit (loss) before taxation | € 10,107 | € 6,844 | € 892 |
Tax rate (IRES) (%) | 24.00% | (24.00%) | 27.50% |
Statutory corporation tax charge (credit) on profit or loss | € 2,426 | € 1,643 | € 245 |
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | 3,096 | 1,882 | 1,152 |
- impact pursuant to the write-off of deferred tax assets and recalculation of tax rates | 252 | (96) | 397 |
- effect due to the tax regime provided for intercompany dividends | 47 | 1 | 87 |
- Italian regional income tax (IRAP) | 50 | 77 | 42 |
- effect due to non-taxable gains/losses on sales of investments | (1) | (177) | 8 |
- impact pursuant to redetermination of the Italian Windfall Corporate tax as per Law 7/2009 | 61 | ||
- other adjustments | 100 | 76 | 5 |
Net Tax Effect | 3,544 | 1,824 | 1,691 |
Effective tax charge | € 5,970 | € 3,467 | € 1,936 |
Income taxes (Details Textual)
Income taxes (Details Textual) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of Income Tax Explanatory [Line Items] | |||
Current tax expense (income) | € 5,370 | € 4,021 | € 2,999 |
Applicable tax rate | 24.00% | (24.00%) | 27.50% |
Tax effect of foreign tax rates | € 3,096 | € 1,882 | € 1,152 |
Exploration Production Segment [Member] | |||
Disclosure of Income Tax Explanatory [Line Items] | |||
Tax effect of foreign tax rates | 3,014 | 1,811 | 1,211 |
In Italy [Member] | Italian subsidiaries [Member] | |||
Disclosure of Income Tax Explanatory [Line Items] | |||
Current tax expense (income) | € 301 | € 712 | € 195 |
Earnings per share (Details)
Earnings per share (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Earnings Per Share Explanatory [Line Items] | |||
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 | 2,782,584 | 1,691,413 | 1,691,413 |
Weighted average number of shares used for the calculation of the diluted earnings per share | 3,603,922,717 | 3,602,831,546 | 3,601,140,133 |
Eni's net profit | € 4,126 | € 3,374 | € (1,464) |
Basic earning (loss) per share | € 1.15 | € 0.94 | € (0.41) |
Diluted earning (loss) per share | € 1.15 | € 0.94 | € (0.41) |
Eni's net profit – Continuing operations | € 4,126 | € 3,374 | € (1,051) |
Basic earning (loss) per share | € 1.15 | € 0.94 | € (0.29) |
Diluted earning (loss) per share | € 1.15 | € 0.94 | € (0.29) |
Eni's net profit - Discontinued operations | € (413) | ||
Basic earning (loss) per share | € (0.12) | ||
Diluted earning (loss) per share | € (0.12) |
Earnings per share (Details Tex
Earnings per share (Details Textual) - shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Earnings Per Share Explanatory [Line Items] | |||
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 | 2,782,584 | 1,691,413 | 1,691,413 |
Exploration for evaluation of_3
Exploration for evaluation of oil&gas resources (Details) € in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | Dec. 31, 2018USD ($) | |
Disclosure Of Exploration And Evaluation Of Oil And Gas Resources [Line Items] | ||||
Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs | € 1,081 | € 995 | ||
Provision for decommissioning related to exploration activity and evaluation | 7,638 | $ 7,757 | ||
Exploration for evaluation of oil & gas resources [Member] | ||||
Disclosure Of Exploration And Evaluation Of Oil And Gas Resources [Line Items] | ||||
Revenues related to exploration activity and evaluation | 17 | 9 | € 4 | |
- write-off of exploration and evaluation costs | 93 | 252 | 170 | |
- costs of geological and geophysical studies | 287 | 273 | 204 | |
Exploration expense for the year | 380 | 525 | 374 | |
Intangible assets: proved and unproved exploration licence and leasehold property acquisition costs | 1,081 | 995 | 1,092 | |
Tangible assets: capitalized exploration and evaluation costs | 1,267 | 1,371 | 1,905 | |
Total tangible and intangible assets | 2,348 | 2,366 | 2,997 | |
Provision for decommissioning related to exploration activity and evaluation | 77 | 81 | 118 | |
Exploration expenditure (net cash used in investing activivties) | 463 | 442 | 417 | |
Geological and geophysical costs (cash flow from operating activities) | 287 | 273 | 204 | |
Total exploration effort | € 750 | € 715 | € 621 |
Segment information and infor_3
Segment information and information by geographical area (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Disclosure Of Entitys Reportable Segments Explanatory [Line Items] | ||||
Net sales to customers | € 75,822 | € 66,919 | € 55,762 | |
Operating profit | 9,983 | 8,012 | 2,157 | |
Net provisions for contingencies | 1,120 | 886 | 505 | |
Depreciation and amortization | 6,988 | 7,483 | 7,559 | |
Impairments of tangible and intangible assets | 862 | 1,067 | ||
Reversals of tangible and intangible assets | 866 | (225) | (475) | |
Write-off | 100 | 263 | 350 | |
Share of profit (loss) of equity-accounted investments | (68) | (267) | (326) | |
Identifiable assets | [1] | 85,483 | 89,816 | 99,068 |
Unallocated Assets | 32,890 | 25,112 | 25,477 | |
Equity-accounted investments | 7,044 | 3,511 | 4,040 | |
Identifiable liabilities | [2] | 34,540 | 33,876 | 33,931 |
Unallocated liabilities | 32,760 | 32,973 | 37,528 | |
Capital expenditure in tangible and intangible assets | 9,119 | 8,681 | 9,180 | |
Exploration & Production [Member] | ||||
Disclosure Of Entitys Reportable Segments Explanatory [Line Items] | ||||
Net sales from operations | [3] | 25,744 | 19,525 | 16,089 |
Less: intersegment sales | (15,801) | (12,394) | (9,711) | |
Net sales to customers | 9,943 | 7,131 | 6,378 | |
Operating profit | 10,214 | 7,651 | 2,567 | |
Net provisions for contingencies | 235 | 479 | 123 | |
Depreciation and amortization | 6,152 | 6,747 | 6,772 | |
Impairments of tangible and intangible assets | 1,025 | 650 | 740 | |
Reversals of tangible and intangible assets | 299 | 808 | 1,440 | |
Write-off | 97 | 260 | 153 | |
Share of profit (loss) of equity-accounted investments | 158 | (99) | (198) | |
Identifiable assets | [1] | 63,051 | 66,661 | 75,716 |
Equity-accounted investments | 4,972 | 1,234 | 1,626 | |
Identifiable liabilities | [2] | 18,110 | 17,273 | 17,433 |
Capital expenditure in tangible and intangible assets | 7,901 | 7,739 | 8,254 | |
Gas & Power [Member] | ||||
Disclosure Of Entitys Reportable Segments Explanatory [Line Items] | ||||
Net sales from operations | [3] | 55,690 | 50,623 | 40,961 |
Less: intersegment sales | (12,581) | (10,777) | (8,898) | |
Net sales to customers | 43,109 | 39,846 | 32,063 | |
Operating profit | 629 | 75 | (391) | |
Net provisions for contingencies | 53 | (20) | 50 | |
Depreciation and amortization | 408 | 345 | 354 | |
Impairments of tangible and intangible assets | 56 | 56 | 167 | |
Reversals of tangible and intangible assets | 127 | 202 | 86 | |
Write-off | 1 | 2 | 2 | |
Share of profit (loss) of equity-accounted investments | 9 | (10) | 19 | |
Identifiable assets | [1] | 9,989 | 11,058 | 12,014 |
Equity-accounted investments | 494 | 509 | 592 | |
Identifiable liabilities | [2] | 8,314 | 8,851 | 8,923 |
Capital expenditure in tangible and intangible assets | 215 | 142 | 120 | |
Refining & Marketing and Chemical [Member] | ||||
Disclosure Of Entitys Reportable Segments Explanatory [Line Items] | ||||
Net sales from operations | [3] | 25,216 | 22,107 | 18,733 |
Less: intersegment sales | (2,622) | (2,336) | (1,605) | |
Net sales to customers | 22,594 | 19,771 | 17,128 | |
Operating profit | (380) | 981 | 723 | |
Net provisions for contingencies | 274 | 182 | 171 | |
Depreciation and amortization | 399 | 360 | 389 | |
Impairments of tangible and intangible assets | 193 | 131 | 120 | |
Reversals of tangible and intangible assets | 77 | 16 | ||
Write-off | 2 | 1 | 195 | |
Share of profit (loss) of equity-accounted investments | (67) | (57) | (3) | |
Identifiable assets | [1] | 11,692 | 11,599 | 10,712 |
Equity-accounted investments | 275 | 321 | 289 | |
Identifiable liabilities | [2] | 4,319 | 4,005 | 3,968 |
Capital expenditure in tangible and intangible assets | 877 | 729 | 664 | |
Corporate and other activities [Member] | ||||
Disclosure Of Entitys Reportable Segments Explanatory [Line Items] | ||||
Net sales from operations | [3] | 1,589 | 1,462 | 1,343 |
Less: intersegment sales | (1,413) | (1,291) | (1,150) | |
Net sales to customers | 176 | 171 | 193 | |
Operating profit | (691) | (668) | (681) | |
Net provisions for contingencies | 579 | 245 | 438 | |
Depreciation and amortization | 59 | 60 | 72 | |
Impairments of tangible and intangible assets | 18 | 25 | 40 | |
Share of profit (loss) of equity-accounted investments | (168) | (101) | (144) | |
Identifiable assets | [1] | 1,171 | 1,108 | 1,146 |
Equity-accounted investments | 1,303 | 1,447 | 1,533 | |
Identifiable liabilities | [2] | 4,072 | 4,053 | 3,939 |
Capital expenditure in tangible and intangible assets | 143 | 87 | 55 | |
Adjustments of intragroup profits [Member] | ||||
Disclosure Of Entitys Reportable Segments Explanatory [Line Items] | ||||
Operating profit | 211 | (27) | (61) | |
Net provisions for contingencies | (21) | (277) | ||
Depreciation and amortization | (30) | (29) | (28) | |
Identifiable assets | [1] | (420) | (610) | (520) |
Identifiable liabilities | [2] | (275) | (306) | (332) |
Capital expenditure in tangible and intangible assets | € (17) | € (16) | € 87 | |
[1] | Includes assets directly associated with the generation of operating profit. | |||
[2] | Includes liabilities directly associated with the generation of operating profit. | |||
[3] | Before elimination of intersegment sales. |
Segment information and infor_4
Segment information and information by geographical area (Details 1) - EUR (€) € in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | € 85,483 | € 89,816 | € 99,068 |
Capital expenditure in tangible and intangible assets | 9,119 | 8,681 | 9,180 | |
In Italy [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 18,646 | 18,449 | 18,769 |
Capital expenditure in tangible and intangible assets | 1,424 | 1,090 | 1,163 | |
Other European Union [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 7,086 | 7,706 | 7,370 |
Capital expenditure in tangible and intangible assets | 267 | 316 | 331 | |
Rest of Europe [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 1,031 | 6,160 | 6,960 |
Capital expenditure in tangible and intangible assets | 538 | 387 | 460 | |
Americas [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 4,546 | 4,406 | 5,397 |
Capital expenditure in tangible and intangible assets | 534 | 278 | 233 | |
Asia [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 16,910 | 16,527 | 19,471 |
Capital expenditure in tangible and intangible assets | 1,782 | 898 | 1,978 | |
Africa [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 36,155 | 35,385 | 39,812 |
Capital expenditure in tangible and intangible assets | 4,533 | 5,699 | 5,004 | |
Other areas [Member] | ||||
Disclosure Of Segmental Analysis [Line Items] | ||||
Identifiable assets | [1] | 1,109 | 1,183 | 1,289 |
Capital expenditure in tangible and intangible assets | € 41 | € 13 | € 11 | |
[1] | Includes assets directly associated with the generation of operating profit. |
Segment information and infor_5
Segment information and information by geographical area (Details 2) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | € 75,822 | € 66,919 | € 55,762 |
In Italy [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | 25,279 | 21,925 | 21,280 |
Other European Union [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | 20,408 | 19,791 | 15,808 |
Rest of Europe [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | 7,052 | 5,911 | 4,804 |
Americas [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | 5,051 | 5,154 | 3,212 |
Asia [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | 9,585 | 7,523 | 5,619 |
Africa [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | 8,246 | 6,428 | 4,865 |
Other areas [Member] | |||
Disclosure Of Segmental Analysis [Line Items] | |||
Net Sales From Operations | € 201 | € 187 | € 174 |
Transactions with related par_3
Transactions with related parties (Details) € in Thousands | 12 Months Ended | ||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2016EUR (€) | Dec. 31, 2016USD ($) | ||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | € 1,000 | € 50,000 | [1] | € 114,000 | [1] | ||
Payables and other liabilities | 134,000 | 21,000 | [1] | 25,000 | [1] | ||
Guarantees | $ | $ 3 | ||||||
Costs | 2,282,000 | 38,000 | [1] | 145,000 | [1] | ||
Revenues | 7,000 | 16,000 | [1] | 143,000 | [1] | ||
Other operating (expense) income | 1,000 | [1] | 47 | ||||
Continuing and Discontinued Operation [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 864,000 | 910,000 | 1,095,000 | ||||
Payables and other liabilities | 3,750,000 | 2,891,000 | 2,400,000 | ||||
Guarantees | 2,588,000 | 8,603,000 | 8,399,000 | ||||
Costs | 8,005,000 | 9,198,000 | 8,236,000 | ||||
Revenues | 1,391,000 | 1,608,000 | 1,312,000 | ||||
Other operating (expense) income | 319,000 | 331,000 | 247,000 | ||||
Angola lNG supply services llc [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Guarantees | 177,000 | ||||||
Coral FLNG SA [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 14,000 | ||||||
Guarantees | 1,147,000 | ||||||
Revenues | 62,000 | ||||||
Joint ventures and associates [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 236,000 | 295,000 | 458,000 | ||||
Payables and other liabilities | 2,848,000 | 1,731,000 | 1,152,000 | ||||
Guarantees | 2,392,000 | 8,421,000 | 8,152 | 8,152 | |||
Costs | 4,513,000 | 5,349,000 | 4,417,000 | ||||
Revenues | 335,000 | 412,000 | 317,000 | ||||
Other operating (expense) income | 11,000 | 28,000 | 47,000 | ||||
Joint ventures and associates [Member] | Agiba Petroleum Co [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 1,000 | 1,000 | 1,000 | ||||
Payables and other liabilities | 96,000 | 83,000 | 50,000 | ||||
Costs | 156,000 | 142,000 | 156,000 | ||||
Joint ventures and associates [Member] | Coral FLNG SA [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 20,000 | ||||||
Payables and other liabilities | 4,000 | ||||||
Guarantees | 1,094,000 | ||||||
Revenues | 28,000 | ||||||
Joint ventures and associates [Member] | Gas Distribution Company of Thessaloniki [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 1,000 | ||||||
Payables and other liabilities | 18,000 | ||||||
Costs | 51,000 | ||||||
Joint ventures and associates [Member] | Saipem Group [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 75,000 | 63,000 | 64,000 | ||||
Payables and other liabilities | 171,000 | 76,000 | 224,000 | ||||
Guarantees | 793,000 | 7,270,000 | 8,094,000 | ||||
Costs | 420,000 | 450,000 | 781,000 | ||||
Revenues | 30,000 | 44,000 | 51,000 | ||||
Joint ventures and associates [Member] | Karachaganak Petroleum Operating BV [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 27,000 | 36,000 | 47,000 | ||||
Payables and other liabilities | 121,000 | 187,000 | |||||
Costs | 951,000 | 918,000 | |||||
Revenues | 27,000 | ||||||
Joint ventures and associates [Member] | Mellitah Oil & Gas BV [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 1,000 | 5,000 | 7,000 | ||||
Payables and other liabilities | 220,000 | 134,000 | |||||
Costs | 495,000 | 477,000 | |||||
Revenues | 2,000 | ||||||
Joint ventures and associates [Member] | Petrobel Belayim Petroleum Co [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 56,000 | 86,000 | 225,000 | ||||
Payables and other liabilities | 1,205,000 | 532,000 | |||||
Costs | 3,168,000 | 1,940,000 | |||||
Revenues | 8,000 | 2,000 | |||||
Joint ventures and associates [Member] | Union Fenosa Gas SA [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 4,000 | ||||||
Payables and other liabilities | 7,000 | ||||||
Guarantees | 57,000 | 57,000 | 57,000 | ||||
Costs | 3,000 | ||||||
Revenues | 123,000 | 202,000 | 94,000 | ||||
Other operating (expense) income | 37,000 | 28,000 | |||||
Joint ventures and associates [Member] | Var Energi AS [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 13,000 | ||||||
Payables and other liabilities | 100,000 | ||||||
Guarantees | 218,000 | ||||||
Joint ventures and associates [Member] | Other [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | [1] | 44,000 | 84,000 | ||||
Payables and other liabilities | [1] | 25,000 | 22,000 | ||||
Guarantees | [1] | 1,000 | |||||
Costs | [1] | 104,000 | 140,000 | ||||
Revenues | [1] | 111,000 | 128,000 | ||||
Other operating (expense) income | [1] | (26,000) | 47,000 | ||||
Unconsolidated entities controlled by Eni [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 6,000 | 97,000 | 78,000 | ||||
Payables and other liabilities | 23,000 | 24,000 | 17,000 | ||||
Guarantees | 14,000 | 181,000 | 246,000 | $ 192 | |||
Costs | 13,000 | 14,000 | 8,000 | ||||
Revenues | 7,000 | 14,000 | 12,000 | ||||
Unconsolidated entities controlled by Eni [Member] | Other [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 93,000 | 20,000 | 9,000 | [1] | |||
Payables and other liabilities | 24,000 | 23,000 | 16,000 | [1] | |||
Guarantees | 196,000 | 7,000 | 51,000 | [1] | |||
Costs | 13,000 | 14,000 | 8,000 | [1] | |||
Revenues | 18,000 | 7,000 | 10,000 | [1] | |||
Unconsolidated entities controlled by Eni [Member] | Eni BTC Ltd [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Guarantees | 177,000 | 169,000 | 192,000 | ||||
Unconsolidated entities controlled by Eni [Member] | Industria Siciliana Acido Fosforico - ISAF SPA [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 87,000 | 77,000 | 69,000 | ||||
Payables and other liabilities | 1,000 | 1,000 | 1,000 | ||||
Guarantees | 5,000 | 5,000 | 3,000 | ||||
Revenues | 11,000 | 7,000 | 2,000 | ||||
Joint ventures and associates And Unconsolidated entities controlled by Eni [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 392,000 | 536,000 | |||||
Payables and other liabilities | 1,755,000 | 1,169,000 | |||||
Guarantees | 8,602,000 | 8,398,000 | |||||
Costs | 5,363,000 | 4,425,000 | |||||
Revenues | 426,000 | 329,000 | |||||
Other operating (expense) income | 28,000 | 47,000 | |||||
Joint ventures and associates And Unconsolidated entities controlled by Eni [Member] | Continuing operations [member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 329,000 | ||||||
Payables and other liabilities | 2,872,000 | ||||||
Guarantees | 2,588,000 | ||||||
Costs | 4,526,000 | ||||||
Revenues | 353,000 | ||||||
Other operating (expense) income | 11,000 | ||||||
Entities controlled by the Government [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 494,000 | 478,000 | 383,000 | ||||
Payables and other liabilities | 736,000 | 989,000 | 898,000 | ||||
Guarantees | 1,000 | 1,000 | |||||
Costs | 3,218,000 | 3,280,000 | 3,356,000 | ||||
Revenues | 1,000,000 | 1,139,000 | 913,000 | ||||
Other operating (expense) income | 308,000 | 303,000 | 200,000 | ||||
Entities controlled by the Government [Member] | Groupement Sonatrach Agip and Organe Conjoint des Operations [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 40,000 | 39,000 | 176,000 | ||||
Payables and other liabilities | 140,000 | 145,000 | 331,000 | ||||
Costs | 229,000 | 530,000 | 423,000 | ||||
Revenues | 34,000 | 42,000 | 70,000 | ||||
Entities controlled by the Government [Member] | Other [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 25,000 | 43,000 | [1] | ||||
Payables and other liabilities | 18,000 | 24,000 | [1] | ||||
Costs | 34,000 | 37,000 | [1] | ||||
Revenues | 45,000 | 68,000 | [1] | ||||
Entities controlled by the Government [Member] | Enel Group [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 134,000 | 123,000 | 151,000 | ||||
Payables and other liabilities | 151,000 | 187,000 | 254,000 | ||||
Costs | 514,000 | 622,000 | 808,000 | ||||
Revenues | 118,000 | 164,000 | 201,000 | ||||
Other operating (expense) income | 227,000 | 285,000 | 182,000 | ||||
Entities controlled by the Government [Member] | Snam Group [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 237,000 | 187,000 | 54,000 | ||||
Payables and other liabilities | 289,000 | 351,000 | 1,000 | ||||
Guarantees | |||||||
Costs | 1,184,000 | 1,221,000 | 4,000 | ||||
Revenues | 109,000 | 85,000 | |||||
Other operating (expense) income | (1,000) | ||||||
Entities controlled by the Government [Member] | Terna Group [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 26,000 | 35,000 | 44,000 | ||||
Payables and other liabilities | 47,000 | 31,000 | 541,000 | ||||
Costs | 231,000 | 212,000 | 2,032,000 | ||||
Revenues | 150,000 | 154,000 | 113,000 | ||||
Other operating (expense) income | 8,000 | 15,000 | |||||
Entities controlled by the Government [Member] | GSE - Gestore Servizi Energetici [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 67,000 | 69,000 | 33,000 | ||||
Payables and other liabilities | 85,000 | 219,000 | 46,000 | ||||
Costs | 588,000 | 506,000 | 232,000 | ||||
Revenues | 555,000 | 702,000 | 117,000 | ||||
Other operating (expense) income | 74,000 | 2,000 | 13,000 | ||||
Entities controlled by the Government [Member] | Italgas Group [Member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 5,000 | 14,000 | 58,000 | ||||
Payables and other liabilities | 146,000 | 180,000 | 32,000 | ||||
Guarantees | 1,000 | ||||||
Costs | 667,000 | 681,000 | 243,000 | ||||
Revenues | 23,000 | 18,000 | |||||
Other related parties [member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Receivables and other assets | 1,000 | 1,000 | |||||
Payables and other liabilities | 2,000 | 2,000 | 2,000 | ||||
Costs | 32,000 | 25,000 | € 32,000 | ||||
Revenues | € 4,000 | € 1,000 | |||||
[1] | Each individual amount included herein was lower than €50 million. |
Transactions with related par_4
Transactions with related parties (Details 1) - EUR (€) € in Millions | 12 Months Ended | |||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | ||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Gains | € 86 | |||||
Derivative financial instruments | € (307) | 837 | € (482) | |||
Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 915 | 1,226 | 1,378 | |||
Payables | 564 | 95 | 85 | |||
Guarantees | 1,664 | 1,625 | 84 | |||
Charges | 281 | 1 | 141 | |||
Gains | 115 | 190 | 156 | |||
Derivative financial instruments | 27 | |||||
Unconsolidated entities controlled by Eni [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 49 | 61 | 46 | |||
Payables | 25 | 61 | 106 | |||
Charges | 1 | |||||
Gains | 1 | 1 | ||||
Entities controlled by the Government [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | 72 | 8 | ||||
Charges | 2 | 3 | 3 | |||
Financing Transactions With Related Parties [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 964 | 1,287 | 1,424 | |||
Payables | 661 | 164 | 191 | |||
Guarantees | 1,664 | 1,625 | 84 | |||
Charges | 283 | 4 | 145 | |||
Gains | 115 | 191 | 157 | |||
Derivative financial instruments | 27 | |||||
CARDON IV SA [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 705 | 955 | 1,054 | |||
Payables | 36 | |||||
Gains | 95 | 13 | 96 | |||
Coral South FLNG DMCC [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Guarantees | 1,397 | 1,334 | ||||
Angola LNG Ltd [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Guarantees | 245 | 233 | ||||
Matrica SpA [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 125 | |||||
Charges | 93 | |||||
Gains | 9 | |||||
Shatskmorneftegaz Sarl [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 101 | 69 | ||||
Charges | 267 | 13 | ||||
Gains | 7 | 6 | 4 | |||
Societe Centrale Electrique du Congo SA [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 64 | 66 | 78 | |||
Payables | 30 | 43 | ||||
Charges | 5 | 18 | ||||
Saipem Group [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | 3 | |||||
Guarantees | 56 | 82 | ||||
Gains | 43 | |||||
Derivative financial instruments | 27 | |||||
Coral FLNG SA [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 108 | 56 | ||||
Gains | 71 | |||||
Union Fenosa Gas SA [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | 85 | |||||
Eni BTC Ltd [Member] | Unconsolidated entities controlled by Eni [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | 54 | |||||
Servizi Fondo Bombole Metano SpA [Member] | Unconsolidated entities controlled by Eni [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 60 | |||||
Payables | 9 | |||||
Gains | 1 | |||||
Other [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 38 | 48 | [1] | 52 | [1] | |
Payables | 4 | 49 | [1] | |||
Guarantees | 22 | 2 | [1] | 2 | [1] | |
Charges | 9 | 1 | [1] | 17 | [1] | |
Gains | 13 | 14 | [1] | 4 | [1] | |
Other [Member] | Unconsolidated entities controlled by Eni [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Receivables | 49 | 1 | [1] | 46 | [1] | |
Payables | 25 | 52 | [1] | 52 | [1] | |
Charges | [1] | 1 | ||||
Gains | [1] | 1 | ||||
Other [Member] | Entities controlled by the Government [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | 8 | 8 | [1] | |||
Charges | 2 | € 3 | [1] | € 3 | [1] | |
Var Energi AS [Member] | Joint ventures and associates [Member] | Financing transactions [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | 494 | |||||
Enel Group [Member] | ||||||
Disclosure of Transactions with Related Parties [Line Items] | ||||||
Payables | € 64 | |||||
[1] | Each individual amount included herein was lower than €50 million. |
Transactions with related par_5
Transactions with related parties (Details 2) € in Millions | 12 Months Ended | ||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | Dec. 31, 2017USD ($) | Dec. 31, 2016EUR (€) | Dec. 31, 2015EUR (€) | Jan. 01, 2018EUR (€) | Dec. 31, 2017USD ($) | |
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Other current financial assets | € 300 | € 316 | |||||
Trade and other receivables | 14,101 | 15,421 | € 14,156 | ||||
Other current assets | 2,258 | 1,573 | |||||
Other non-current financial assets | 1,253 | 1,675 | $ 1,675 | ||||
Other non-current assets | 792 | 1,323 | |||||
Short-term debt | 2,182 | 2,242 | |||||
Trade and other payables | 16,747 | 16,748 | |||||
Other current liabilities | 3,980 | 1,515 | |||||
Other non-current liabilities | € 1,502 | € 1,479 | |||||
Trade and other receivables, Percentage | 4.49% | 5.41% | 5.41% | ||||
Other current assets, Percentage | 3.14% | 1.91% | 1.91% | ||||
Other non-current financial assets, Percentage | 73.02% | 72.48% | 72.48% | ||||
Other non-current assets, Percentage | 20.20% | 3.48% | 3.48% | ||||
Shortterm debt, Percentage | 30.29% | 7.31% | 7.31% | ||||
Trade and other payables, Percentage | 21.88% | 16.77% | 16.77% | ||||
Other current liabilities, Percentage | 1.58% | 3.96% | 3.96% | ||||
Other non-current liabilities, Percentage | 1.53% | 1.56% | 1.56% | ||||
Sales from operations | € 75,822 | € 66,919 | € 55,762 | ||||
Other income and revenues | 1,116 | 4,058 | 931 | ||||
Purchases, services and other | (55,622) | (51,548) | (43,278) | ||||
Net (impairment losses) reversals of trade and other receivables | 415 | 913 | 846 | ||||
Payroll and related costs | (3,093) | (2,951) | (2,994) | ||||
Other operating (expense) income | 129 | (32) | 16 | ||||
Finance income | 3,967 | 3,924 | 5,850 | ||||
Finance expense | (4,663) | (5,886) | (6,232) | ||||
Derivative financial instruments | € (307) | € 837 | € (482) | ||||
Other current financial assets, Percentage | 16.33% | 23.10% | 23.10% | ||||
Net sales from operations, Percentage | 1.82% | 2.34% | 2.34% | 2.22% | |||
Other income and revenues, Percentage | 0.72% | 1.01% | 1.01% | 7.95% | |||
Purchases, services and other, Percentage | 14.40% | 17.78% | 17.78% | 18.97% | |||
Net (impairment losses) reversals of trade and other receivables, Percentage | 0.00% | ||||||
Payroll and related costs, Percentage | 0.71% | 1.15% | 1.15% | 0.80% | |||
Other operating (expense) income, Percentage | 0.00% | 0.00% | 0.00% | 0.00% | |||
Financial income, Percentage | 2.90% | 4.87% | 4.87% | 2.69% | |||
Financial expense, Percentage | 6.07% | 0.07% | 0.07% | 2.33% | |||
Derivative financial instruments, Percentage | 0.00% | ||||||
Net cash provided from operating activities | € 13,647 | € 10,117 | € 7,673 | € 7,673 | |||
Net cash used in investing activities | (7,536) | (3,768) | (4,443) | (4,443) | |||
Net cash used in financing activities | (2,637) | (4,595) | (3,651) | (3,651) | |||
Related parties [member] | |||||||
Disclosure of Transactions with Related Parties [Line Items] | |||||||
Other current financial assets | 49 | 73 | |||||
Trade and other receivables | 633 | 834 | |||||
Other current assets | 71 | 30 | |||||
Other non-current financial assets | 915 | 1,214 | |||||
Other non-current assets | 160 | 46 | |||||
Short-term debt | 661 | 164 | |||||
Trade and other payables | 3,664 | 2,808 | |||||
Other current liabilities | 63 | 60 | |||||
Other non-current liabilities | 23 | 23 | |||||
Sales from operations | 1,383 | 1,567 | 1,238 | ||||
Other income and revenues | 8 | 41 | 74 | ||||
Purchases, services and other | (8,009) | (9,164) | (8,212) | ||||
Net (impairment losses) reversals of trade and other receivables | (26) | ||||||
Payroll and related costs | (22) | (34) | (24) | ||||
Other operating (expense) income | 319 | 331 | 247 | ||||
Finance income | 115 | 191 | 157 | ||||
Finance expense | (283) | (4) | (145) | ||||
Derivative financial instruments | 27 | ||||||
Revenues and other income | 1,391 | 1,608 | 1,312 | ||||
Costs and other expenses | (5,210) | (5,360) | (5,623) | ||||
Other operating income (loss) | 319 | 331 | 247 | ||||
Net change in trade and other receivables and liabilities | 683 | 391 | 182 | ||||
Net interests | 110 | 187 | 133 | ||||
Net cash provided from operating activities | (2,707) | (2,843) | (3,749) | (3,749) | |||
Capital expenditure in tangible and intangible assets | (2,768) | (3,838) | (2,613) | ||||
Disposal of investments | 463 | ||||||
Net change in accounts payable and receivable in relation to investments | 20 | 425 | 252 | ||||
Change in financial receivables | (566) | 298 | 5,650 | ||||
Net cash used in investing activities | (3,314) | (3,115) | $ (3,115) | 3,752 | 3,752 | ||
Change in financial liabilities | 16 | (16) | (192) | ||||
Net cash used in financing activities | 16 | (16) | (192) | € (192) | |||
Total financial flows to related parties | € (6,005) | € (5,974) | € (189) | ||||
Cash provided from operating activities, Percentage | 0.00% | 0.00% | 0.00% | ||||
Cash used in investing activities, Percentage | 43.98% | 82.67% | 0.00% | ||||
Cash used in financing activities, Percentage | 0.00% | 0.35% | 5.26% |
Other information about inves_3
Other information about investments (Details) | 12 Months Ended | ||
Dec. 31, 2018EUR (€) | Dec. 31, 2017EUR (€) | ||
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 dell’Economia 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 inves_4
Other information about investments (Details 1) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018VEF ( ) | Dec. 31, 2018TND (د.ت) | Dec. 31, 2018SGD ($) | Dec. 31, 2018NGN (₦) | Dec. 31, 2018UAH (₴) | Dec. 31, 2018XAF ( ) | Dec. 31, 2018BRL (R$) | Dec. 31, 2018ARS ($) | Dec. 31, 2018RUB (₽) | Dec. 31, 2018CAD ($) | Dec. 31, 2018DZD (دج) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | ||||||||||||||||
% Ownership | 80.00% | |||||||||||||||||
Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries One [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 | $ 394,000 | ||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries One [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Two [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Fuel SpA | |||||||||||||||||
Registered office | Rome | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | € 58,944,310 | 6,642,928.32 | ||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Two [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Three [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 | 102,000 | ||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Three [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Four [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | SeaPad SpA | |||||||||||||||||
Registered office | Genova | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | € 12,400,000 | 26,000,000 | ||||||||||||||||
% Ownership | 20.00% | |||||||||||||||||
% Equity ratio | 65.00% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [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 | € 13,580,000.20 | 2,600,000 | ||||||||||||||||
Consolidation or valutation method | [1] | Co. | ||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Five [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Six [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Livorno | |||||||||||||||||
Share capital | 200,000 | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Six [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Seven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Genova | |||||||||||||||||
Share capital | 156,000 | |||||||||||||||||
% Equity ratio | 68.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Seven [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 75.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eight [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Genova | |||||||||||||||||
Share capital | 2,068,000 | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eight [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Nine [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Milazzo (ME) | |||||||||||||||||
Share capital | 171,143,000 | |||||||||||||||||
% Equity ratio | 50.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Nine [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 89.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Nine [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 11.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Nine [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Ten [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Fiumicino (RM) | |||||||||||||||||
Share capital | 852,000 | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Ten [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.93% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Ten [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eleven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Genova | |||||||||||||||||
Share capital | 3,326,900 | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eleven [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twelve [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Share capital | 3,085,000 | |||||||||||||||||
% Equity ratio | 70.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twelve [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twelve [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Thirteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Milazzo (ME) | |||||||||||||||||
Share capital | 100,000 | |||||||||||||||||
% Equity ratio | 50.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Thirteen [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Seventeen [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Eighteen [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Nineteen [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 13.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twenty One [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twenty Two [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.01% | |||||||||||||||||
Refining And Marketing [Member] | Italy [Member] | Subsidiaries Twenty Two [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.99% | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries One [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Schwedt  (Germany) | |||||||||||||||||
Share capital | € | € 27,000 | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries One [Member] | Eni Deutsch GmbH [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Deutsch.GmbH | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Two [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Vohburg  (Germany) | |||||||||||||||||
Share capital | € | € 10,226,000 | |||||||||||||||||
% Equity ratio | 20.00% | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Two [Member] | Eni Deutsch GmbH [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Deutsch.GmbH | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Three [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Rivera  (Switzerland) | |||||||||||||||||
Share capital | SFr | SFr 6,000,000 | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Four [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Cairo  (Egypt) | |||||||||||||||||
Share capital | ج.م. | ج.م. 100,000,000 | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Four [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Four [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Five [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Singapore  (Singapore) | |||||||||||||||||
Share capital | $ 12,000,000 | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Five [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Six [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Abu Dhabi Refining  & Trading BV | |||||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||
Share capital | € | € 20,000 | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Six [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Six [Member] | Eni Mineralolh GmbH [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Mineralölh.GmbH | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Seven [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. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Seven [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eight [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Benelux BV | |||||||||||||||||
Registered office | Rotterdam  (Netherlands) | |||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||
Share capital | € 1,934,040 | د.ت 1,000,000 | ||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eight [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Nine [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Deutschland GmbH | |||||||||||||||||
Country of operation | Germany | |||||||||||||||||
Share capital | € | € 90,000,000 | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Nine [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Nine [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Country of operation | Eni Oil Holdings BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Nine [Member] | Eni Mineralolh GmbH [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Mineralölh.GmbH | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Ten [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Ecuador SA | |||||||||||||||||
Registered office | Quito  (Ecuador) | |||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||
Share capital | 103,142.08 | 420,000 | ||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Ten [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eleven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni France Sàrl | |||||||||||||||||
Registered office | Lyon  (France) | |||||||||||||||||
Country of operation | France | |||||||||||||||||
Share capital | € 56,800,000 | 120,867 | ||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eleven [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twelve [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Iberia SLU | |||||||||||||||||
Registered office | Alcobendas  (Spain) | |||||||||||||||||
Country of operation | Spain | |||||||||||||||||
Share capital | € | € 17,299,100 | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twelve [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Thirteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Lubricants Trading (Shanghai) Co Ltd | |||||||||||||||||
Registered office | Shanghai  (China) | |||||||||||||||||
Country of operation | China | |||||||||||||||||
Share capital | € | € 409,034 | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Thirteen [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Thirteen [Member] | Eni Deutsch GmbH [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Deutsch.GmbH | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Fourteen [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. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Fourteen [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Fifteen [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 | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Sixteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Schmiertechnik GmbH | |||||||||||||||||
Registered office | Wurzburg  (Germany) | |||||||||||||||||
Country of operation | Germany | |||||||||||||||||
Share capital | € | € 2,000,000 | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Seventeen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Suisse SA | |||||||||||||||||
Registered office | Lausanne  (Switzerland) | |||||||||||||||||
Country of operation | Switzerland | |||||||||||||||||
Share capital | SFr | 102,500,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Seventeen [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Seventeen [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Eighteen [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 | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Nineteen [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. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twenty [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. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twenty One [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. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twenty Two [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. | ||||||||||||||||
Refining And Marketing [Member] | Outside Italy [Member] | Subsidiaries Twenty Three [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [Member] | Subsidiaries Seven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | EniProgetti 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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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. | ||||||||||||||||
Exploration And Production [Member] | Italy [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 | € | € 7,518,000 | |||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Italy [Member] | Subsidiaries Ten [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Società Petrolifera Italiana SpA | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | € | € 13,877,600 | |||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||||
% Ownership | 99.96% | |||||||||||||||||
% Equity ratio | 99.96% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Italy [Member] | Subsidiaries Eleven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Third parties | |||||||||||||||||
% Ownership | 0.04% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [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 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 95.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Two [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||
% Ownership | 5.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ten [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 | |||||||||||||||||
Shareholders | Eni UK Holding Plc Eni UK Ltd | |||||||||||||||||
% Ownership | 99.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eleven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twelve [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Abu Dhabi BV | |||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||
Share capital | € | € 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fourteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Algeria Ltd Sàrl | |||||||||||||||||
Registered office | Luxembourg (Luxembourg) | |||||||||||||||||
Country of operation | Algeria | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Algeria Production BV | |||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||
Country of operation | Algeria | |||||||||||||||||
Share capital | € | € 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventeen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Nineteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Amsterdam (Netherlands)  | |||||||||||||||||
Country of operation | Angola | |||||||||||||||||
Share capital | € | € 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty One [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Registered office | Buenos Aires (Argentina)  | |||||||||||||||||
Country of operation | Argentina | |||||||||||||||||
Share capital | $ 24,136,336 | |||||||||||||||||
Shareholders | Eni International BV Eni Oil Holdings BV | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty One [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 95.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty Two [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty Three [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty Four [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Twenty Five [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Bahrain BV | |||||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||
Share capital | € | € 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 10000.00% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | SubsidiariesTwenty Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | SubsidiariesTwenty Seven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni BTC Ltd | |||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||
Country of operation | United  Kingdom | |||||||||||||||||
Share capital | £ | 23,214,400 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | SubsidiariesTwenty Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | SubsidiariesTwenty Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Two [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Three [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Congo SA | |||||||||||||||||
Registered office | Ponit - Noire (Republic of the Congo) | |||||||||||||||||
Country of operation | Republic of  the Congo | |||||||||||||||||
Share capital | 17,000,000 | |||||||||||||||||
Shareholders | Eni E&P Holding BV Eni Int NA NV sarl Eni International BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Three [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Three [Member] | Eni E&P [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Three [Member] | Eni Int NA NV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Four [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Côte d’Ivoire Ltd | |||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||
Country of operation | Ivory Coast | |||||||||||||||||
Share capital | £ | 1 | |||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | SubsidiariesThirty Five [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Cyprus Ltd | |||||||||||||||||
Registered office | Nicosia  (Cyprus) | |||||||||||||||||
Country of operation | Cyprus | |||||||||||||||||
Share capital | € | € 2,006 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Seven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni do Brasil Investiments em EXploracao e producao de Petroleo Ltda | |||||||||||||||||
Registered office | Rio de Janeiro  (Brazil) | |||||||||||||||||
Country of operation | Brazil | |||||||||||||||||
Share capital | R$ | R$ 1593415000 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Seven [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Seven [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 8212.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Eight [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni East 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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Thirty Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Two [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Exploration & Producton 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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Three [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Four [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Five [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Six [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Ghans Exploration and Production Ltd | |||||||||||||||||
Registered office | Accra  (Ghana) | |||||||||||||||||
Country of operation | Ghana | |||||||||||||||||
Share capital | 21,412,500 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Forty Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Two [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni International NA NV Sàrl | |||||||||||||||||
Registered office | Luxembourg  (Luxembourg) | |||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||
Share capital | 25,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Three [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 | |||||||||||||||||
Shareholders | Eni SpA  Eni UK Ltd | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Three [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Three [Member] | Eni UK Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Four [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Five [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Fifty Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Two [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Three [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 | |||||||||||||||||
Shareholders | Eni Investments Plc  Eni UK Ltd | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Three [Member] | Eni Investments PK [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Four [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Lebanon BV | |||||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||||
Country of operation | Lebanon | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Five [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Six [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Liverpool Bal Operating Co Ltd | |||||||||||||||||
Registered office | London  (United Kingdom) | |||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||
Share capital | 1 | |||||||||||||||||
Shareholders | Eni UK Ltd | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Sixty Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni México S. de RL  de CV | |||||||||||||||||
Registered office | Lomas De Chapultepec, Mexico City (Mexico) | |||||||||||||||||
Country of operation | Mexico | |||||||||||||||||
Share capital | 3,000 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.90% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.10% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Two [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni MOG Ltd (in liquidation) | |||||||||||||||||
Country of operation | United  Kingdom | |||||||||||||||||
Share capital | 220,711,147.50 | |||||||||||||||||
Shareholders | Eni Lasmo Plc  Eni LNS Ltd | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Two [Member] | Eni Lasmo Plc [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Two [Member] | Eni LNS Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Three [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Four [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Five [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Seventy Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Two [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Three [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Oman BV | |||||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||||
Country of operation | Oman | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Four [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Five [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Pakistan Ltd | |||||||||||||||||
Country of operation | Pakistan | |||||||||||||||||
Share capital | 90,087 | |||||||||||||||||
Shareholders | Eni ULX Ltd | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Six [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 | |||||||||||||||||
Shareholders | Eni SpA  Eni International BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Six [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 36.14% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Six [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 63.86% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Eighty Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety [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 | 750,000,000 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 8212.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety One [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Rovuma Basin BV | |||||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||||
Country of operation | Mozambique | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Shareholders | Eni Mozambique  LNG H. BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Two [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Sharjah BV | |||||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Three [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Four [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni South China  Sea Ltd Sàrl | |||||||||||||||||
Registered office | Luxembourg  (Luxembourg) | |||||||||||||||||
Country of operation | China | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||||
% Ownership | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Five [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Nine [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 | |||||||||||||||||
Shareholders | Eni Lasmo Plc  Eni UK Ltd | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Ninety Nine [Member] | Eni Lasmo Plc [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Two [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Three [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 | |||||||||||||||||
Shareholders | Eni Ukraine Hold.BV  Eni International BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Three [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Three [Member] | Eni Ikranine Hold BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Four [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Five [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Six [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Seven [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | ubsidiaries Hundred Eight [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Nine [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Ten [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Eleven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | Eni Venezuela  E&P Holding SA | |||||||||||||||||
Registered office | Bruxelles  (Belgium) | |||||||||||||||||
Country of operation | Belgium | |||||||||||||||||
Share capital | 254,057,680 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Eleven [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Eleven [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 8212.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twelve [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 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
Consolidation or valutation method | [1] | Co. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twelve [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twelve [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 8212.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Thirteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Fourteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Fifteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Sixteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | EniProgetti Egypt  Ltd | |||||||||||||||||
Registered office | Cairo  (Egypt) | |||||||||||||||||
Country of operation | Egypt | |||||||||||||||||
Share capital | ج.م. | ج.م. 50,000 | |||||||||||||||||
Shareholders | EniProgetti SpA  Eni SpA | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Sixteen [Member] | ENI SPA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 1.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Sixteen [Member] | Eni Progetti SpA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.00% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Seventeen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Eighteen [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | First Calgary Petroleums  LP | |||||||||||||||||
Registered office | Wilmington  (USA) | |||||||||||||||||
Country of operation | Algeria | |||||||||||||||||
Share capital | 1 | |||||||||||||||||
Shareholders | Eni Canada Hold. Ltd  FCP Partner Co ULC | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Eighteen [Member] | Eni Canada Holding Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Eighteen [Member] | FCP Canada Hold Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Nineteen [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty One [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Two [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% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Three [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% | |||||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Four [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 | |||||||||||||||||
Shareholders | NAOC Ltd Agip En Nat Res Ltd Nigerian Agip E. Ltd | |||||||||||||||||
Consolidation or valutation method | [1] | Co. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Four [Member] | NAOC Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 98.02% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Four [Member] | Agip En Nat Res Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Four [Member] | Nigerian Agip E Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Five [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 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Five [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Five [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.01% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Six [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 | |||||||||||||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Six [Member] | Eni International BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.89% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Six [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.11% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Seven [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
Company name | OOO ‘Eni Energhia’ | |||||||||||||||||
Registered office | Moscow  (Russia) | |||||||||||||||||
Country of operation | Russia | |||||||||||||||||
Share capital | ₽ | ₽ 2,000,000 | |||||||||||||||||
Shareholders | Eni Energy Russia BV  Eni Oil Holdings BV | |||||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Seven [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 0.10% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Seven [Member] | Eni Energy Russia BV [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 99.90% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Eight [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 | |||||||||||||||||
Shareholders | Eni Congo SA  Burren En.Congo Ltd | |||||||||||||||||
Consolidation or valutation method | [1] | Co. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Eight [Member] | Eni Congo SA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 66.67% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Eight [Member] | Burren EnCongo Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 33.33% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Nine [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 | |||||||||||||||||
Shareholders | Eni Congo SA Buren En Congo Ltd Third Parties | |||||||||||||||||
Consolidation or valutation method | [1] | Co. | ||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Nine [Member] | Third parties [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 8.50% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Nine [Member] | Eni Congo SA [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 54.50% | |||||||||||||||||
Exploration And Production [Member] | Outside Italy [Member] | Subsidiaries Hundred Twenty Nine [Member] | Burren EnCongo Ltd [Member] | ||||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||||
% Ownership | 37.00% | |||||||||||||||||
[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 inves_5
Other information about investments (Details 2) | 12 Months Ended | |||||||||||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018VEF ( ) | Dec. 31, 2018TND (د.ت) | Dec. 31, 2018SGD ($) | Dec. 31, 2018RUB (₽) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018INR (₨) | Dec. 31, 2018TRY (₺) | Dec. 31, 2018CDF (CF) | Dec. 31, 2018HUF (Ft) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||||||||||
% Ownership | 80.00% | |||||||||||||||
Eni Duetsch GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Deutsch.GmbH | |||||||||||||||
Eni Oil Holdings BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 0.00% | |||||||||||||||
Eni Mineral GMBH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Mineralölh.GmbH | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [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 | $ 394,000 | ||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Fuel SpA | |||||||||||||||
Registered office | Rome | |||||||||||||||
Country of operation | Italy | |||||||||||||||
Share capital | € 58,944,310 | 6,642,928.32 | ||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Ecofuel SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Ecofuel SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [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 | 102,000 | ||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | SeaPad SpA | |||||||||||||||
Registered office | Genova | |||||||||||||||
Country of operation | Italy | |||||||||||||||
Share capital | € 12,400,000 | 26,000,000 | ||||||||||||||
% Ownership | 20.00% | |||||||||||||||
% Equity ratio | 65.00% | |||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Ecofuel SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Ecofuel SpA | |||||||||||||||
In Italy [Member] | Refining And 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 | € 13,580,000.20 | 2,600,000 | ||||||||||||||
Consolidation or valutation method | [1] | Co. | ||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Livorno | |||||||||||||||
Share capital | $ | 200,000 | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Genova | |||||||||||||||
Share capital | $ | 156,000 | |||||||||||||||
% Equity ratio | 68.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 75.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Eni Duetsch GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 25.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Ecofuel SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Ecofuel SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Genova | |||||||||||||||
Share capital | $ | 2,068,000 | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Ecofuel SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Ecofuel SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Milazzo (ME) | |||||||||||||||
Share capital | $ | 171,143,000 | |||||||||||||||
% Equity ratio | 50.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 89.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 11.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Fiumicino (RM) | |||||||||||||||
Share capital | $ | 852,000 | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 99.93% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Esain SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 0.07% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Genova | |||||||||||||||
Share capital | $ | 3,326,900 | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Ecofuel SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Ecofuel SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||
Share capital | $ | 3,085,000 | |||||||||||||||
% Equity ratio | 70.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Milazzo (ME) | |||||||||||||||
Share capital | $ | 100,000 | |||||||||||||||
% Equity ratio | 50.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Raff Milazzo ScpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Raff. Milazzo ScpA | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Fourteen [Member] | Eni Mineral GMBH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 99.99% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Fifteen [Member] | Eni Austria GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Sixteen [Member] | Eni Duetsch GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seventeen [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eighteen [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nineteen [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 13.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nineteen [Member] | Eni Ecuador SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 87.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twenty [Member] | Eni Ecuador SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 99.99% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twenty One [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 100.00% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twenty Two [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 99.01% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twenty Two [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 0.99% | |||||||||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twenty Three [Member] | Eni Ecuador SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
% Ownership | 99.99% | |||||||||||||||
In Italy [Member] | Chemicals [Member] | Subsidiaries [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Versalis SpA | |||||||||||||||
Registered office | San Donato  Milanese (MI) | |||||||||||||||
Country of operation | Italy | |||||||||||||||
Share capital | € 1,364,790,000 | |||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
In Italy [Member] | Chemicals [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. | ||||||||||||||
In Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Versalis SpA | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis SpA | |||||||||||||||
In Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Raff di Gela SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Raff. di Gela SpA | |||||||||||||||
% Ownership | 18.74% | |||||||||||||||
In Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Eni SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni SpA | |||||||||||||||
% Ownership | 15.37% | |||||||||||||||
In Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Syndial SpA | |||||||||||||||
% Ownership | 0.76% | |||||||||||||||
In Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Raff Milazzo ScpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Raff. Milazzo ScpA | |||||||||||||||
% Ownership | 11.58% | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Schwedt  (Germany) | |||||||||||||||
Share capital | € 27,000 | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Vohburg  (Germany) | |||||||||||||||
Share capital | € 10,226,000 | |||||||||||||||
% Equity ratio | 20.00% | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Rivera  (Switzerland) | |||||||||||||||
Share capital | SFr | SFr 6,000,000 | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Cairo  (Egypt) | |||||||||||||||
Share capital | ج.م. | ج.م. 100,000,000 | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Singapore  (Singapore) | |||||||||||||||
Share capital | $ | $ 12,000,000 | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Abu Dhabi Refining  & Trading BV | |||||||||||||||
Registered office | Amsterdam  (Netherlands) | |||||||||||||||
Country of operation | Netherlands | |||||||||||||||
Share capital | € 20,000 | |||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Eni Austria GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Austria GmbH | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [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 And Marketing [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Eni Duetsch GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Deutsch.GmbH | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Benelux BV | |||||||||||||||
Registered office | Rotterdam  (Netherlands) | |||||||||||||||
Country of operation | Netherlands | |||||||||||||||
Share capital | € 1,934,040 | د.ت 1,000,000 | ||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Deutschland GmbH | |||||||||||||||
Country of operation | Germany | |||||||||||||||
Share capital | € 90,000,000 | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Eni Duetsch GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Registered office | Munich  (Germany) | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Country of operation | Eni Oil Holdings BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Ecuador SA | |||||||||||||||
Registered office | Quito  (Ecuador) | |||||||||||||||
Country of operation | Ecuador | |||||||||||||||
Share capital | 103,142.08 | 420,000 | ||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Esain SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Esain SA | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni France Sàrl | |||||||||||||||
Registered office | Lyon  (France) | |||||||||||||||
Country of operation | France | |||||||||||||||
Share capital | € 56,800,000 | 120,867 | ||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Ecofuel SpA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Ecofuel SpA | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Iberia SLU | |||||||||||||||
Registered office | Alcobendas  (Spain) | |||||||||||||||
Country of operation | Spain | |||||||||||||||
Share capital | € 17,299,100 | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Lubricants Trading (Shanghai) Co Ltd | |||||||||||||||
Registered office | Shanghai  (China) | |||||||||||||||
Country of operation | China | |||||||||||||||
Share capital | € 409,034 | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Fourteen [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 And Marketing [Member] | Subsidiaries Fourteen [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Fifteen [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 | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Sixteen [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Schmiertechnik GmbH | |||||||||||||||
Registered office | Wurzburg  (Germany) | |||||||||||||||
Country of operation | Germany | |||||||||||||||
Share capital | € 2,000,000 | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seventeen [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Eni Suisse SA | |||||||||||||||
Registered office | Lausanne  (Switzerland) | |||||||||||||||
Country of operation | Switzerland | |||||||||||||||
Share capital | SFr | 102,500,000 | |||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seventeen [Member] | Eni International BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni International BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seventeen [Member] | Eni Oil Holdings BV [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Oil Holdings BV | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eighteen [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 | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nineteen [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 And Marketing [Member] | Subsidiaries Nineteen [Member] | Eni Ecuador SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Eni Ecuador SA | |||||||||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twenty [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 And Marketing [Member] | Subsidiaries Twenty One [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 And Marketing [Member] | Subsidiaries Twenty Two [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 And Marketing [Member] | Subsidiaries Twenty Three [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] | Chemicals [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] | Chemicals [Member] | Subsidiaries One [Member] | Versalis SpA | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis SpA | |||||||||||||||
% Ownership | 96.34% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Versalis Deutsc GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis Deutsc.GmbH | |||||||||||||||
% Ownership | 1.83% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries One [Member] | Versalis Int SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis Int.SA | |||||||||||||||
% Ownership | 1.83% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Two [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Versalis Americas Inc | |||||||||||||||
Registered office | Dover, Delaware  (USA) | |||||||||||||||
Country of operation | USA | |||||||||||||||
Share capital | $ | $ 100,000 | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Two [Member] | Versalis International SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis International SA | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Three [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 | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | Eq. | ||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Three [Member] | Versalis International SA [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis International SA | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Four [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] | Chemicals [Member] | Subsidiaries Five [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Company name | Versalis France SAS | |||||||||||||||
Registered office | Mardyck  (France) | |||||||||||||||
Country of operation | France | |||||||||||||||
Share capital | € 126,115,582.90 | |||||||||||||||
Shareholders | Versalis SpA | |||||||||||||||
% Ownership | 100.00% | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Six [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] | Chemicals [Member] | Subsidiaries Six [Member] | Versalis SpA | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis SpA | |||||||||||||||
% Ownership | 59.00% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Six [Member] | Versalis Deutsc GmbH [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis Deutsc.GmbH | |||||||||||||||
% Ownership | 23.71% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Six [Member] | Dunastyr Zrt [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Dunastyr Zrt | |||||||||||||||
% Ownership | 14.43% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Six [Member] | Versalis France [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis France | |||||||||||||||
% Ownership | 2.86% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Seven [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] | Chemicals [Member] | Subsidiaries Eight [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] | Chemicals [Member] | Subsidiaries Eight [Member] | Versalis Sing. P. Ltd [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Versalis Sing. P. Ltd | |||||||||||||||
% Ownership | 99.99% | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||||||||||
Disclosure of subsidiaries [line items] | ||||||||||||||||
Shareholders | Third parties | |||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Nine [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] | Chemicals [Member] | Subsidiaries Ten [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% | |||||||||||||||
% Equity ratio | 100.00% | |||||||||||||||
Consolidation or valutation method | [1] | F.C. | ||||||||||||||
Outside Italy [Member] | Chemicals [Member] | Subsidiaries Eleven [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] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |
Other information about inves_6
Other information about investments (Details 3) | 12 Months Ended | |||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018PKR (₨) | Dec. 31, 2018KZT (₸) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | ||||||
% Ownership | 80.00% | |||||||
Eni Oil Holdings BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% Ownership | 0.00% | |||||||
In 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. | ||||||
In Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Eni Adfin SpA (in liquidation) | |||||||
Registered office | Rome | |||||||
Country of operation | Italy | |||||||
Share capital | 85,537,498.80 | |||||||
Shareholders | Eni SpA  Third parties | |||||||
% Equity ratio | 99.67% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
In Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Two [Member] | ENI SPA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% Ownership | 99.67% | |||||||
In Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% Ownership | 0.33% | |||||||
In 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. | ||||||
In 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. | ||||||
In 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 | |||||||
Shareholders | Eni SpA  Third parties | |||||||
% Equity ratio | 49.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
In Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Five [Member] | ENI SPA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% Ownership | 49.00% | |||||||
In Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% Ownership | 51.00% | |||||||
In 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. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Anic Partecipazioni SpA (in liquidation) | |||||||
Registered office | Ferrandina (MT) | |||||||
Country of operation | Italy | |||||||
Share capital | € | € 4,644,000 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 0.03% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Syndial SpA | |||||||
% Ownership | 99.97% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Gela CL [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Registered office | Gela (CL) | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Anic Partecipazioni SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € | € 23,519,847.16 | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Eni Energia Srl | |||||||
Registered office | Nuoro | |||||||
Country of operation | Italy | |||||||
Share capital | € | € 516,000 | |||||||
Consolidation or valutation method | [1] | Co. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | ENI SPA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni SpA | |||||||
% Ownership | 100.00% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Syndial SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Syndial SpA | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Eni Energia Srl [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Registered office | San Donato  Milanese (MI) | |||||||
Share capital | € | € 10,000 | |||||||
In 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 | € | € 2,191,384,693 | |||||||
% Equity ratio | 100.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | ENI SPA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni SpA | |||||||
% Ownership | 100.00% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Eni New Energy SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € | € 9,296,000 | |||||||
In 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. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 48.00% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | Syndial SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Syndial SpA | |||||||
% Ownership | 52.00% | |||||||
In 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 | |||||||
% Equity ratio | 100.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Five [Member] | Syndial SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Syndial SpA | |||||||
% Ownership | 100.00% | |||||||
In 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 | € | € 425,647,621.42 | |||||||
% Equity ratio | 100.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Six [Member] | ENI SPA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni SpA | |||||||
% Ownership | 99.99% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | (8212.00%) | |||||||
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 | |||||||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||||||
% 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] | ||||||||
% Ownership | 99.90% | |||||||
Outside Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries One [Member] | Eni Oil Holdings BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% 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 | |||||||
Shareholders | Eni International BV  Eni SpA | |||||||
% 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] | ||||||||
% Ownership | 33.61% | |||||||
Outside Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% 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 | |||||||
Shareholders | Eni SpA  Eni UK Ltd | |||||||
% 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] | ||||||||
% Ownership | 99.99% | |||||||
Outside Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Six [Member] | Eni UK Ltd [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
% Ownership | 8212.00% | |||||||
Outside Italy [Member] | Corporate And Financial Companies [Member] | Subsidiaries Seven [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Eni Next Llc | |||||||
Registered office | Houston  (USA) | |||||||
Country of operation | USA | |||||||
Share capital | $ 100 | |||||||
Shareholders | Eni Petroleum Co Inc | |||||||
% Ownership | 100.00% | |||||||
% Equity ratio | 100.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Arm Wind Llp | |||||||
Registered office | Saddar Town- Karachi (Pakistan) | |||||||
Country of operation | Kazakhstan | |||||||
Share capital | ₨ 1,200,000 | ₸ 2,133,967,100 | ||||||
% Equity ratio | 90.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Windirect BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Windirect BV | |||||||
% Ownership | 100.00% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Arm Wind Lip [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Registered office | Astana  (Kazakhstan) | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Two [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 Two [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
% Ownership | 99.98% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Ieoc Exploration BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ieoc Exploration BV | |||||||
% Ownership | 0.01% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Ieoc Production BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Ieoc Production BV | |||||||
% Ownership | 0.01% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Three [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 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Syndial SpA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Syndial SpA | |||||||
% Ownership | 100.00% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Windirect BV | |||||||
Registered office | Amsterdam  (Netherlands) | |||||||
Country of operation | Netherlands | |||||||
Share capital | € | € 10,000 | |||||||
% Equity ratio | 90.00% | |||||||
Consolidation or valutation method | [1] | F.C. | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Third parties | |||||||
% Ownership | 10.00% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Four [Member] | Eni International BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Shareholders | Eni International BV | |||||||
% Ownership | 90.00% | |||||||
[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 inves_7
Other information about investments (Details 4) | 12 Months Ended | ||||||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018VEF ( ) | Dec. 31, 2018KZT (₸) | Dec. 31, 2018KWD (د.ك) | Dec. 31, 2018MZN (MT) | Dec. 31, 2018AED (د.إ) | Dec. 31, 2017EUR (€) | ||
Disclosure of detailed information about investment property [line items] | |||||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | |||||||||
In Italy [Member] | Exploration and Productions [Member] | Subsidiaries One [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Mozambique Rovuma Venture SpA (†) | |||||||||
Registered office | San Donato  Milanese (MI) | ||||||||||
Country of operation | Mozambique | ||||||||||
Share capital | € | € 20,000,000 | ||||||||||
% Equity ratio | 35.71% | ||||||||||
Consolidation or valutation method | [1] | J.O. | |||||||||
In Italy [Member] | Exploration and Productions [Member] | Subsidiaries One [Member] | ENI SPA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni SpA | ||||||||||
% Ownership | 35.71% | ||||||||||
In Italy [Member] | Exploration and Productions [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 64.29% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries One [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Agiba Petroleum Co (†) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | ج.م. 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third partie | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries One [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc Production BV | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Two [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Angola LNG Ltd | ||||||||||
Registered office | Hamilton  (Bermuda) | ||||||||||
Country of operation | Angola | ||||||||||
Share capital | $ 10,082,000,000 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 86.40% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Two [Member] | Eni Angola Prod BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Angola Prod.BV | ||||||||||
% Ownership | 13.60% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Three [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Ashrafi Island Petroleum Co | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Three [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc Production BV | ||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Four [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Barentsmorneftegaz Sàrl(†) | |||||||||
Registered office | Luxembourg  (Luxembourg) | ||||||||||
Country of operation | Russia | ||||||||||
Share capital | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 66.67% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Four [Member] | Eni Energy Russia BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Energy Russia BV | ||||||||||
% Ownership | 33.33% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Five [Member] | |||||||||||
Disclosure of detailed information about investment property [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 | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Five [Member] | Eni MozamLNG HBV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Mozam.LNG H. BV | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Six [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Cardón IV SA(†) | |||||||||
Registered office | Caracas  (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | | 172.1 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Six [Member] | Eni Venezuela BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Venezuela BV | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Seven [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Compañia Agua Plana SA | ||||||||||
Registered office | Caracas  (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | | 0.001 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 74.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Seven [Member] | Eni Venezuela BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Venezuela BV | ||||||||||
% Ownership | 26.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eight [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Coral FLNG SA | ||||||||||
Registered office | Maputo  (Mozambique) | ||||||||||
Country of operation | Mozambique | ||||||||||
Share capital | MT | MT 100,000,000 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eight [Member] | Eni MozamLNG HBV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Mozam.LNG H. BV | ||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Nine [Member] | |||||||||||
Disclosure of detailed information about investment property [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 | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Nine [Member] | Eni MozamLNG HBV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Mozam.LNG H. BV | ||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Ten [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | East Delta Gas Co (in liquidation) | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Ten [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 62.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Ten [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc Production BV | ||||||||||
% Ownership | 37.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eleven [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | East Kanayis Petroleum Co(†) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eleven [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc Production BV | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twelve [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | East Obaiyed Petroleum Company(†) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twelve [Member] | Ieoc SpA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc SpA | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirteen [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | El Temsah Petroleum Co | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirteen [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc Production BV | ||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fourteen [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | El-Fayrouz Petroleum Co(†) (in liquidation) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | ج.م. 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fourteen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fourteen [Member] | Ieoc Exploration BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Ieoc Exploration BV | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifteen [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Fedynskmorneftegaz Sàrl(†) | |||||||||
Registered office | Luxembourg  (Luxembourg) | ||||||||||
Country of operation | Russia | ||||||||||
Share capital | 20,000 | ||||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifteen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 66.67% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifteen [Member] | Eni Energy Russia BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Energy Russia BV | ||||||||||
% Ownership | 33.33% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Sixteen [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Isatay Operating Company Llp(†) | |||||||||
Registered office | Astana  (Kazakhstan) | ||||||||||
Country of operation | Kazakhstan | ||||||||||
Share capital | ₸ | ₸ 400,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Sixteen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Sixteen [Member] | Eni Isatay BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Isatay BV | ||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Seventeen [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Karachaganak Petroleum Operating BV | ||||||||||
Registered office | Amsterdam  (Netherlands) | ||||||||||
Country of operation | Kazakhstan | ||||||||||
Share capital | € | € 20,000 | ||||||||||
Consolidation or valutation method | [1] | Co. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Seventeen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 70.75% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Seventeen [Member] | Agip KarachagBV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Agip Karachag.BV | ||||||||||
% Ownership | 29.25% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eighteen [Member] | |||||||||||
Disclosure of detailed information about investment property [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 | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eighteen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 62.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Eighteen [Member] | Agip KarachagBV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Agip Karachag.BV | ||||||||||
% Ownership | 38.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Nineteen [Member] | |||||||||||
Disclosure of detailed information about investment property [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 | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Nineteen [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 51.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Nineteen [Member] | Eni Middle E Ltd [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Middle E. Ltd | ||||||||||
% Ownership | 49.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Liberty National Development Co Llc | ||||||||||
Registered office | Wilmington  (USA) | ||||||||||
Country of operation | USA | ||||||||||
Share capital | [2] | 0 | |||||||||
Consolidation or valutation method | [1] | Eq. | |||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Third parties | ||||||||||
% Ownership | 67.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty [Member] | Eni Oil & Gas Inc [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Shareholders | Eni Oil & Gas Inc | ||||||||||
% Ownership | 32.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty One [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Mediterranean Gas Co | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty One [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty One [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Two [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Mellitah Oil & Gas BV(†) | |||||||||
Registered office | Amsterdam  (Netherlands) | ||||||||||
Country of operation | Libya | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Eni North Africa BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Two [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Two [Member] | Eni North Africa BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Three [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Nile Delta Oil Co Nidoco | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Three [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 62.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Three [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 37.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Four [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Norpipe Terminal Holdco Ltd | ||||||||||
Registered office | London (United Kingdom) | ||||||||||
Country of operation | Norway | ||||||||||
Share capital | 55.69 | ||||||||||
Shareholders | Eni SpA  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Four [Member] | ENI SPA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 14.20% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Four [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 85.80% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Five [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Norsea Pipeline Ltd | ||||||||||
Registered office | Woking Surrey (United Kingdom) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Exploration BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Five [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 70.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Twenty Five [Member] | Ieoc Exploration BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 30.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Six [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | North Bardawil Petroleum Co (in liquidation) | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc SpA  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Six [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Six [Member] | Ieoc SpA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Seven [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | North El Burg Petroleum Co | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Seven [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Seven [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Eight [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Petrobel Belayim Petroleum Co(†) | |||||||||
Registered office | Caracas  (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | 3,790 | ||||||||||
Shareholders | Eni Lasmo Plc  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Eight [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 60.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Eight [Member] | Eni Lasmo Plc [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 40.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Nine [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | PetroBicentenario SA(†) | |||||||||
Registered office | Caracas  (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | 24,021 | ||||||||||
Shareholders | Eni Lasmo Plc  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Nine [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 60.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesTwenty Nine [Member] | Eni Lasmo Plc [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 40.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | PetroJunín SA(†) | |||||||||
Registered office | Caracas  (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | 2,203 | ||||||||||
Shareholders | Eni Venezuela BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 74.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty [Member] | Eni Venezuela BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 26.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty One [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | PetroSucre SA | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty One [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty One [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Two [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Pharaonic Petroleum Co | ||||||||||
Registered office | Sandnes  (Norway) | ||||||||||
Country of operation | Norway | ||||||||||
Share capital | 60,000 | ||||||||||
Shareholders | Vår Energi AS | ||||||||||
% Ownership | 100.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Three [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Point Resources FPSO Holding AS | ||||||||||
Registered office | Sandnes  (Norway) | ||||||||||
Country of operation | Norway | ||||||||||
Share capital | 150,100,000 | ||||||||||
Shareholders | PR FPSO Holding AS | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Three [Member] | PR FPSO AS [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 100.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Three [Member] | Holding As [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 5.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Four [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Point Resources FPSO Holding AS | ||||||||||
Registered office | Sandnes  (Norway) | ||||||||||
Country of operation | Norway | ||||||||||
Share capital | 0 | ||||||||||
Shareholders | PR FPSO AS  PR FPSO Holding AS | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesThirty Five [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | PR Jotun DA | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesThirty Five [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | SubsidiariesThirty Five [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Six [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Port Said Petroleum Co(†) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Six [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 77.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Six [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 22.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Seven [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Raml Petroleum Co | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Seven [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 62.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Seven [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 37.50% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Eight [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Ras Qattara Petroleum Co | ||||||||||
Registered office | Maputo  (Mozambique) | ||||||||||
Country of operation | Mozambique | ||||||||||
Share capital | 140,000 | ||||||||||
Shareholders | Mozamb. Rov. V. SpA  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Eight [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 66.67% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Eight [Member] | Mozamb Rov V SpA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 33.33% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Nine [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Rovuma Basin LNG Land Limitada(†) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Production BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Nine [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Thirty Nine [Member] | Ieoc Production BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Shorouk Petroleum Company | ||||||||||
Registered office | Pointe-Noire (Republic of theCongo) | ||||||||||
Country of operation | Republic of  the Congo | ||||||||||
Share capital | 44,732,000,000 | ||||||||||
Shareholders | Eni Congo SA  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 80.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty [Member] | Eni Congo SA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 20.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty One [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Societe Centrale Electrique du Congo SA | ||||||||||
Country of operation | Tunisia | ||||||||||
Share capital | 5,000,000 | ||||||||||
Shareholders | Eni Tunisia BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty One [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty One [Member] | Eni Tunisia BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Two [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Societe Italo Tunisienne d Exploitation Petroliere SA | |||||||||
Registered office | Tunisi  (Tunisia) | ||||||||||
Country of operation | Tunisia | ||||||||||
Share capital | 100,000 | ||||||||||
Shareholders | Eni Tunisia BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Two [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Two [Member] | Eni Tunisia BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Three [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA(†) | |||||||||
Registered office | Istanbul  (Turkey) | ||||||||||
Country of operation | Turkey | ||||||||||
Share capital | 9,850,000 | ||||||||||
Shareholders | Eni International BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Three [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Three [Member] | Eni International BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Four [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Tapco Petrol Boru Hatti Sanayi ve Ticaret AS(†) (in liquidation) | ||||||||||
Registered office | Aksai  (Kazakhstan) | ||||||||||
Country of operation | Kazakhstan | ||||||||||
Share capital | 29,478,455 | ||||||||||
Shareholders | EniProgetti SpA  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Four [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 51.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Four [Member] | Eni Progetti SpA [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 49.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Five [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Tecninco Engineering Contractors Llp(†) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 20,000 | ||||||||||
Shareholders | Ieoc Exploration BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Five [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 75.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Five [Member] | Ieoc Exploration BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 25.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Six [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | Thekah Petroleum Co (in liquidation) | ||||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | 153,000,000 | ||||||||||
Shareholders | Eni International BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Six [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 66.67% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Six [Member] | Eni International BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 33.33% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Seven [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | United Gas Derivatives Co | ||||||||||
Registered office | London (United Kingdom) | ||||||||||
Country of operation | Indonesia | ||||||||||
Share capital | 1,315,912 | ||||||||||
Shareholders | Eni Lasmo Plc  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Seven [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Seven [Member] | Eni Lasmo Plc [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Eight [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | VIC CBM Ltd | |||||||||
Registered office | London (United Kingdom) | ||||||||||
Country of operation | Indonesia | ||||||||||
Share capital | 631,640 | ||||||||||
Shareholders | Eni Lasmo Plc  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Eight [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Eight [Member] | Eni Lasmo Plc [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Nine [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Virginia Indonesia Co CBM Ltd(†) | |||||||||
Registered office | Forus (Norway) | ||||||||||
Country of operation | Norway | ||||||||||
Share capital | 399,425,000 | ||||||||||
Shareholders | Eni International BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Nine [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 30.40% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Forty Nine [Member] | Eni International BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 69.60% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifty [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | Vår Energi AS(†) (former Eni Norge AS) | |||||||||
Registered office | Cairo  (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | $ 20,000 | ||||||||||
Shareholders | Ieoc Exploration BV  Third parties | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifty [Member] | Third parties [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifty [Member] | Ieoc Exploration BV [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
% Ownership | 50.00% | ||||||||||
Outside Italy [Member] | Exploration and Productions [Member] | Subsidiaries Fifty One [Member] | |||||||||||
Disclosure of detailed information about investment property [line items] | |||||||||||
Company name | [1] | West Ashrafi Petroleum Co(†) (in liquidation) | |||||||||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value | ||||||||||
[2] | Shares without nominal value. |
Other information about inves_8
Other information about investments (Details 5) | 12 Months Ended | |||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018TND (د.ت) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
In Italy [Member] | Gas And 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. | ||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries One [Member] | ENI SPA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni SpA | |||||
% Ownership | 50.00% | |||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.00% | |||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Two [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | [1] | Societa 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. | ||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 49.00% | |||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Two [Member] | Eni Power SpA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | EniPower SpA | |||||
% Ownership | 51.00% | |||||
In Italy [Member] | Gas And 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. | ||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Three [Member] | ENI SPA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni SpA | |||||
% Ownership | 50.00% | |||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.00% | |||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Four [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
% Ownership | 86.50% | |||||
In Italy [Member] | Gas And Power [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
% Ownership | 13.50% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries One [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | Angola LNG Services Llc | |||||
Registered office | Wilmington  (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 19,278,782 | |||||
Consolidation or valutation method | [1] | Eq. | ||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 86.40% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries One [Member] | Eni USA Gas M Llc [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni USA Gas M. Llc | |||||
% Ownership | 13.60% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Two [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 And Power [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.00% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni International BV | |||||
% Ownership | 50.00% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Three [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 And Power [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 51.00% | |||||
Outside Italy [Member] | Gas And 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 And 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 And Power [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.00% | |||||
Outside Italy [Member] | Gas And 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 And 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 And Power [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.01% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Five [Member] | Sergaz SA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Sergaz SA | |||||
% Ownership | 49.99% | |||||
Outside Italy [Member] | Gas And 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 And Power [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 5.00% | |||||
Outside Italy [Member] | Gas And 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 And 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 And 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 And Power [Member] | Subsidiaries Seven [Member] | ENI SPA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni SpA | |||||
% Ownership | 50.00% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.00% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Eight [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Company name | [1] | Union 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 And Power [Member] | Subsidiaries Eight [Member] | ENI SPA [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Eni SpA | |||||
% Ownership | 50.00% | |||||
Outside Italy [Member] | Gas And Power [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||
Disclosure of subsidiaries [line items] | ||||||
Shareholders | Third parties | |||||
% Ownership | 50.00% | |||||
[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 inves_9
Other information about investments (Details 6) | 12 Months Ended | ||||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018VEF ( ) | Dec. 31, 2018TND (د.ت) | Dec. 31, 2018SGD ($) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | [1] | Arezzo Gas SpA | |||||||
Registered office | San Donato  Milanese (MI) | ||||||||
Country of operation | Italy | ||||||||
Share capital | € 52,000,000 | $ 394,000 | |||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | Eni Fuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni Fuel SpA | ||||||||
% Ownership | 50.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 50.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries One [Member] | Arezzo Gas SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Arezzo | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | CePIM Centro Padano Interscambio Merci SpA | ||||||||
Registered office | Rome | ||||||||
Country of operation | Italy | ||||||||
Share capital | € 58,944,310 | 6,642,928.32 | |||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 55.22% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | Ecofuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Ecofuel SpA | ||||||||
% Ownership | 44.78% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Two [Member] | CePIM Centro Padano Interscambio Merci SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Fontevivo (PR) | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Consorzio Operatori GPL di Napoli | ||||||||
Registered office | Gela (CL) | ||||||||
Country of operation | Italy | ||||||||
Share capital | € 15,000,000 | 102,000 | |||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Co. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | Eni Fuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni Fuel SpA | ||||||||
% Ownership | 25.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 75.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Three [Member] | Consorzio Operatori GPL di Napoli [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Napoli | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | [1] | Costiero Gas Livorno SpA | |||||||
Registered office | Genova | ||||||||
Country of operation | Italy | ||||||||
Share capital | € 12,400,000 | 26,000,000 | |||||||
% Equity ratio | 65.00% | ||||||||
Consolidation or valutation method | [1] | J.O. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Eni Fuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni Fuel SpA | ||||||||
% Ownership | 65.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 35.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Ecofuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Ecofuel SpA | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Four [Member] | Costiero Gas Liv SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Livorno | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Disma SpA | ||||||||
Registered office | Rome | ||||||||
Country of operation | Italy | ||||||||
Share capital | € 13,580,000.20 | 2,600,000 | |||||||
Consolidation or valutation method | [1] | Eq. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Eni Fuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni Fuel SpA | ||||||||
% Ownership | 25.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 75.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Five [Member] | Disma SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Segrate (MI) | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Livorno LNG Terminal SpA | ||||||||
Registered office | Livorno | ||||||||
Country of operation | Italy | ||||||||
Share capital | $ | 200,000 | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 50.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Costiero Gas Liv SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Costiero Gas Liv. SpA | ||||||||
% Ownership | 50.00% | ||||||||
In Italy [Member] | Refining And 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. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 32.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Ecofuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Ecofuel SpA | ||||||||
% Ownership | 68.00% | ||||||||
In Italy [Member] | Refining And 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. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 59.50% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Ecofuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Ecofuel SpA | ||||||||
% Ownership | 40.50% | ||||||||
In Italy [Member] | Refining And 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. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 50.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
% Ownership | 50.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [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. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 75.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
% Ownership | 25.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [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. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 65.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Ecofuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Ecofuel SpA | ||||||||
% Ownership | 35.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | [1] | Societa Italiana Oleodotti di Gaeta SpA | |||||||
Registered office | San Donato Milanese (MI) | ||||||||
Country of operation | Italy | ||||||||
Share capital | $ | 3,085,000 | ||||||||
% Equity ratio | 70.00% | ||||||||
Consolidation or valutation method | [1] | J.O. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 30.00% | ||||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | ENI SPA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni SpA | ||||||||
% Ownership | 70.00% | ||||||||
In Italy [Member] | Refining And 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 | ||||||||
% Equity ratio | 50.00% | ||||||||
Consolidation or valutation method | [1] | J.O. | |||||||
In Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Raff Milazzo ScpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Raff. Milazzo ScpA | ||||||||
% Ownership | 100.00% | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 66.67% | ||||||||
Outside Italy [Member] | Refining And 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 And 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 And Marketing [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 80.00% | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 50.09% | ||||||||
Outside Italy [Member] | Refining And 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 And 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 And Marketing [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 60.00% | ||||||||
Outside Italy [Member] | Refining And 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 And 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 And Marketing [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 77.50% | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Six [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | FSH Flughafen Schwechat Hydranten- Gesellschaft OG | ||||||||
Registered office | Amsterdam  (Netherlands) | ||||||||
Country of operation | Austria | ||||||||
Share capital | € 20,000 | ||||||||
Consolidation or valutation method | [1] | Co. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 56.32% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Six [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
Outside Italy [Member] | Refining And 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 And 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 And 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 And Marketing [Member] | Subsidiaries Six [Member] | FSH Flughafen Schwechat Hydranten Gsellschaft OG [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Wien  (Austria) | ||||||||
Share capital | € 7,798,020.99 | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Fuelling Aviation Services GIE | ||||||||
Registered office | Wien  (Austria) | ||||||||
Country of operation | France | ||||||||
Share capital | € 78,500,000 | ||||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Co. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 75.00% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Seven [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Seven [Member] | Fuelling Aviation Services GIE [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Tremblay en France  (France) | ||||||||
Share capital | € 1 | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Mediterranee Bitumes SA | ||||||||
Registered office | Rotterdam  (Netherlands) | ||||||||
Country of operation | Tunisia | ||||||||
Share capital | € 1,934,040 | د.ت 1,000,000 | |||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 66.00% | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Eight [Member] | Mediterranee Bitumes SA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Tunisi  (Tunisia) | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Routex BV | ||||||||
Country of operation | Netherlands | ||||||||
Share capital | € 90,000,000 | ||||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 80.00% | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Nine [Member] | Eni Mineralolh GmbH [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni Mineralölh.GmbH | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Nine [Member] | Routex BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Amsterdam  (Netherlands) | ||||||||
Share capital | € 67,500 | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Saraco SA | ||||||||
Registered office | Quito  (Ecuador) | ||||||||
Country of operation | Switzerland | ||||||||
Share capital | $ 103,142.08 | SFr 420,000 | |||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Co. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 80.00% | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Ten [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Ten [Member] | Saraco SA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Meyrin  (Switzerland) | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | [1] | Supermetanol CA | |||||||
Registered office | Lyon  (France) | ||||||||
Country of operation | Venezuela | ||||||||
Share capital | € 56,800,000 | 120,867 | |||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | J.O. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 35.42% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Ecofuel SpA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Ecofuel SpA | ||||||||
% Ownership | [2] | 34.51% | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Eleven [Member] | Supermetanol CA [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Jose Puerto La Cruz  (Venezuela) | ||||||||
Shareholders | Supermetanol CA | ||||||||
% Ownership | 30.07% | ||||||||
% Equity ratio | 50.00% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | [1] | TBG Tanklager Betriebsgesellschaft GmbH | |||||||
Registered office | Alcobendas  (Spain) | ||||||||
Country of operation | Austria | ||||||||
Share capital | € 17,299,100 | ||||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 50.00% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Twelve [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
Outside Italy [Member] | Refining And 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 And Marketing [Member] | Subsidiaries Twelve [Member] | TBG Tanklager [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Registered office | Salzburg  (Austria) | ||||||||
Share capital | € 43,603.70 | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Company name | Weat Electronic Datenservice GmbH | ||||||||
Registered office | Shanghai  (China) | ||||||||
Country of operation | Germany | ||||||||
Share capital | € 409,034 | ||||||||
% Equity ratio | 100.00% | ||||||||
Consolidation or valutation method | [1] | Eq. | |||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Third parties [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Third parties | ||||||||
% Ownership | 80.00% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Eni Deutsch GmbH [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni Deutsch.GmbH | ||||||||
% Ownership | 20.00% | ||||||||
Outside Italy [Member] | Refining And Marketing [Member] | Subsidiaries Thirteen [Member] | Eni International BV [Member] | |||||||||
Disclosure of subsidiaries [line items] | |||||||||
Shareholders | Eni International BV | ||||||||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value | ||||||||
[2] | Controlling interest: |
Other information about inve_10
Other information about investments (Details 7) | 12 Months Ended | ||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018GHS (GH₵) | Dec. 31, 2018KRW (₩) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | |||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||
In 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. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 49.00% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Syndial SpA | ||||
% Ownership | 20.20% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Eni Power SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | EniPower SpA | ||||
% Ownership | 8.90% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 21.90% | ||||
In 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. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 19.74% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Syndial SpA | ||||
% Ownership | 11.58% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 57.98% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | S.E.F. Srl [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | S.E.F. Srl | ||||
% Ownership | 10.70% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [2] | Matrìca SpA | |||
Registered office | Porto Torres (SS) | ||||
Country of operation | Italy | ||||
Share capital | € 37,500,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 50.00% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Three [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 50.00% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [2] | Newco Tech SpA | |||
Registered office | Novara | ||||
Country of operation | Italy | ||||
Share capital | € 179,000 | ||||
Consolidation or valutation method | [1] | Eq. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 80.00% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
% Ownership | 20.00% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Four [Member] | Genomatica Inc [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Genomatica Inc | ||||
In 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. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Five [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 25.00% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Five [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 75.00% | ||||
In 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. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 33.11% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Syndial SpA | ||||
% Ownership | 4.61% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Six [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 62.28% | ||||
In 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. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 42.13% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Eni Power SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | EniPower SpA | ||||
% Ownership | 30.37% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 25.65% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Seven [Member] | Ecofuel SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Ecofuel SpA | ||||
% Ownership | 1.85% | ||||
In 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. | |||
In Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | Versalis SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 48.44% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | Syndial SpA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Syndial SpA | ||||
% Ownership | 38.39% | ||||
In Italy [Member] | Chemical [Member] | Subsidiaries Eight [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 13.17% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [2] | 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] | |||||
Name Of Share holders | Versalis SpA | ||||
% Ownership | 50.00% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries One [Member] | Third parties [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 50.00% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Company name | [2] | 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] | |||||
Name Of Share holders | Third parties | ||||
% Ownership | 20.00% | ||||
Outside Italy [Member] | Chemical [Member] | Subsidiaries Two [Member] | Versalis Intern. SA [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
Name Of Share holders | Versalis Intern. SA | ||||
% Ownership | 80.00% | ||||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value | ||||
[2] | Jointly controlled entity. |
Other information about inve_11
Other information about investments (Details 8) | 12 Months Ended | |||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018PKR (₨) | Dec. 31, 2018KZT (₸) | Dec. 31, 2017EUR (€) | ||
Disclosure of detailed information about investment property [line items] | ||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of detailed information about investment property [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. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 40.44% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Syndial SpA [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Syndial SpA | |||||||
% Ownership | [2] | 59.56% | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of detailed information about investment property [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. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 70.00% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Syndial SpA [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Syndial SpA | |||||||
% Ownership | 30.00% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | ENI SPA [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Eni SpA | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Company name | [3],[4] | Saipem SpA | ||||||
Registered office | San Donato  Milanese (MI) | |||||||
Country of operation | Italy | |||||||
Share capital | € 2,191,384,693 | |||||||
Consolidation or valutation method | [1] | Eq. | ||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 68.00% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | ENI SPA [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Eni SpA | |||||||
% Ownership | 30.54% | |||||||
In Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Saipem SpA [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Saipem SpA | |||||||
% Ownership | [2] | 1.46% | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Company name | [4] | Grid Edge (Private) Ltd | ||||||
Registered office | Saddar Town- Karachi (Pakistan) | |||||||
Country of operation | Pakistan | |||||||
Share capital | ₨ 1,200,000 | ₸ 2,133,967,100 | ||||||
Consolidation or valutation method | [1] | Eq. | ||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 60.00% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries One [Member] | Eni International BV [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Eni International BV | |||||||
% Ownership | 40.00% | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Registered office | Cairo  (Egypt) | |||||||
Share capital | ج.م. | ج.م. 250,000 | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Two [Member] | Eni International BV [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Eni International BV | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Registered office | Coira  (Switzerland) | |||||||
Share capital | SFr | SFr 1,550,000 | |||||||
Outside Italy [Member] | Other Activities [Member] | Subsidiaries Three [Member] | Syndial SpA [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Syndial SpA | |||||||
Outside Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Company name | Commonwealth Fusion Systems Llc | |||||||
Registered office | Wilmington  (USA) | |||||||
Country of operation | USA | |||||||
Share capital | $ | $ 148,291,710.38 | |||||||
Consolidation or valutation method | [1] | P.N. | ||||||
Outside Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries One [Member] | Eni Next Llc [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Eni Next Llc | |||||||
% Ownership | 35.72% | |||||||
Outside Italy [Member] | Corporate And Other Activities [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of detailed information about investment property [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 66.28% | |||||||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value | |||||||
[2] | Controlling interest: | |||||||
[3] | Company with shares quoted in the regulated market of Italy or of other EU countries | |||||||
[4] | Jointly controlled entity. |
Other information about inve_12
Other information about investments (Details 9) | 12 Months Ended | |||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018EGP (ج.م.) | Dec. 31, 2018AOA (Kz) | Dec. 31, 2018VEF ( ) | Dec. 31, 2018AUD ($) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | ||||||
Other significant investments Exploration Production [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | New Liberty Residential Co Llc | |||||||
Registered office | West Trenton  (USA) | |||||||
Country of operation | USA | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
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 | | 0.001 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Other significant investments Exploration Production [Member] | Subsidiaries Six [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | North Caspian Operating Company NV | |||||||
Registered office | Amsterdam  (Netherlands) | |||||||
Country of operation | Kazakhstan | |||||||
Share capital | € | € 128,520 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Other significant investments Exploration Production [Member] | Subsidiaries Seven [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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Other significant investments Exploration Production [Member] | Subsidiaries Eight [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Petrolera Güiria SA | |||||||
Registered office | Caracas  (Venezuela) | |||||||
Country of operation | Venezuela | |||||||
Share capital | | 10 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Other significant investments Exploration Production [Member] | Subsidiaries Nine [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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Other significant investments Exploration Production [Member] | Subsidiaries Ten [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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
In 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  l’Innovazione | |||||||
Registered office | Pisa | |||||||
Country of operation | Italy | |||||||
Share capital | € | € 135,000 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
In Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries One [Member] | ENI SPA [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Eni SpA | |||||||
% Ownership | 25.00% | |||||||
In Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 75.00% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries One [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | 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 Share holders | Eni Venezuela BV | |||||||
% Ownership | 19.50% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Two [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 79.52% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Two [Member] | Eni Int. NA NV Sàrl [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | 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] | ||||||||
Share capital | $ 53,006,038,189 | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Three [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third partie | |||||||
% 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 Share holders | 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] | ||||||||
Share capital | [2] | $ 0 | ||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Four [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 82.50% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Four [Member] | Eni Oil and Gas Inc [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Eni Oil & Gas Inc | |||||||
% Ownership | 17.50% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Five [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 89.60% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Five [Member] | Eni Int. NA NV Sàrl [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Eni Int. NA NV Sàrl | |||||||
% Ownership | 10.40% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Six [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 83.19% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Six [Member] | Agip Caspian Sea BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Agip Caspian Sea BV | |||||||
% Ownership | 16.81% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Seven [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 86.40% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Seven [Member] | Eni Angola Prod BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Eni Angola Prod.BV | |||||||
% Ownership | 13.60% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Eight [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 80.50% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Eight [Member] | Eni Venezuela BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Eni Venezuela BV | |||||||
% Ownership | 19.50% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Nine [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 86.40% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Nine [Member] | Eni Angola Prod BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Eni Angola Prod.BV | |||||||
% Ownership | 13.60% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Ten [Member] | Third parties [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Third parties | |||||||
% Ownership | 87.50% | |||||||
Outside Italy [Member] | Other significant investments Exploration Production [Member] | Subsidiaries Ten [Member] | Ieoc Production BV [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name Of Share holders | Ieoc Production BV | |||||||
% Ownership | 12.50% | |||||||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value | |||||||
[2] | Shares without nominal value. |
Other information about inve_13
Other information about investments (Details 10) | 12 Months Ended | |||||||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2018GBP (£) | Dec. 31, 2018SAR (ر.س) | Dec. 31, 2018CHF (SFr) | Dec. 31, 2018GHS (GH₵) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||
In Italy [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 36,149 | |||||||
In Italy [Member] | Subsidiaries One [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Consorzio Nazionale per la Gestione Raccolta e Trattamento degli Oli Minerali Usati | |||||||
Registered office | Rome | |||||||
Country of operation | Italy | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
In Italy [Member] | Subsidiaries One [Member] | ENI SPAs [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni SpA | |||||||
% Ownership | 12.43% | |||||||
In Italy [Member] | Subsidiaries One [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 87.57% | |||||||
In Italy [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 360,000,000 | |||||||
In Italy [Member] | Subsidiaries Two [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | [2] | Societa Italiana Oleodotti di Gaeta SpA | ||||||
Registered office | Rome | |||||||
Country of operation | Italy | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
In Italy [Member] | Subsidiaries Two [Member] | ENI SPAs [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni SpA | |||||||
% Ownership | 72.48% | |||||||
In Italy [Member] | Subsidiaries Two [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 27.52% | |||||||
Outside Italy [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Tema Lube Oil Co Ltd | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries One [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 89.199 | |||||||
Outside Italy [Member] | Subsidiaries One [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | BFS Berlin Fuelling Services GbR | |||||||
Registered office | Hamburg  (Germany) | |||||||
Country of operation | Germany | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries One [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 87.50% | |||||||
Outside Italy [Member] | Subsidiaries One [Member] | Eni Deutsch GmbH [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni Deutsch.GmbH | |||||||
% Ownership | 12.50% | |||||||
Outside Italy [Member] | Subsidiaries Two [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | $ | $ 3,028,749 | |||||||
Outside Italy [Member] | Subsidiaries Two [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Compania de Economia Mixta ‘Austrogas’ | |||||||
Registered office | Cuenca  (Ecuador) | |||||||
Country of operation | Ecuador | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Two [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 86.69% | |||||||
Outside Italy [Member] | Subsidiaries Two [Member] | Eni Ecuador SA [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni Ecuador SA | |||||||
% Ownership | 13.31% | |||||||
Outside Italy [Member] | Subsidiaries Three [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 3,954,196.40 | |||||||
Outside Italy [Member] | Subsidiaries Three [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Dépôt Pétrolier de Fos SA | |||||||
Registered office | Fos-Sur-Mer  (France) | |||||||
Country of operation | France | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Three [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 83.19% | |||||||
Outside Italy [Member] | Subsidiaries Three [Member] | Eni France Sarl [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni France Sàrl | |||||||
% Ownership | 16.81% | |||||||
Outside Italy [Member] | Subsidiaries Four [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 207,500 | |||||||
Outside Italy [Member] | Subsidiaries Four [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Dépôt Pétrolier de la Côte d’Azur SAS | |||||||
Registered office | Nanterre  (France) | |||||||
Country of operation | France | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Four [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 82.00% | |||||||
Outside Italy [Member] | Subsidiaries Four [Member] | Eni France Sarl [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni France Sàrl | |||||||
% Ownership | 18.00% | |||||||
Outside Italy [Member] | Subsidiaries Five [Member] | Italy [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 | ||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Five [Member] | ENI SPAs [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni SpA | |||||||
% Ownership | 12.50% | |||||||
Outside Italy [Member] | Subsidiaries Five [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 87.50% | |||||||
Outside Italy [Member] | Subsidiaries Six [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | ر.س | ر.س 1,200,000,000 | |||||||
Outside Italy [Member] | Subsidiaries Six [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Saudi European Petrochemical Company 'IBN ZAHR' | |||||||
Registered office | Al Jubail  (Saudi Arabia) | |||||||
Country of operation | Saudi Arabia | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Six [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 90.00% | |||||||
Outside Italy [Member] | Subsidiaries Six [Member] | Ecofuel SpA [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Ecofuel SpA | |||||||
% Ownership | 10.00% | |||||||
Outside Italy [Member] | Subsidiaries Seven [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 40,000 | |||||||
Outside Italy [Member] | Subsidiaries Seven [Member] | Italy [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 | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Seven [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 87.50% | |||||||
Outside Italy [Member] | Subsidiaries Seven [Member] | Eni France Sarl [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni France Sàrl | |||||||
% Ownership | 12.50% | |||||||
Outside Italy [Member] | Subsidiaries Eight [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 175,713 | |||||||
Outside Italy [Member] | Subsidiaries Eight [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Sistema Integrado de Gestion de Aceites Usados | |||||||
Registered office | Madrid  (Spain) | |||||||
Country of operation | Spain | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Eight [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 84.56% | |||||||
Outside Italy [Member] | Subsidiaries Eight [Member] | Eni Iberia SLU [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni Iberia SLU | |||||||
% Ownership | 15.44% | |||||||
Outside Italy [Member] | Subsidiaries Nine [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | € 4.953 | |||||||
Outside Italy [Member] | Subsidiaries Nine [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | Tanklager - Gesellschaft  Tegel (TGT) GbR | |||||||
Registered office | Hamburg  (Germany) | |||||||
Country of operation | Germany | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Nine [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 87.50% | |||||||
Outside Italy [Member] | Subsidiaries Nine [Member] | Eni Deutsch GmbH [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni Deutsch.GmbH | |||||||
% Ownership | 12.50% | |||||||
Outside Italy [Member] | Subsidiaries Ten [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Share capital | SFr | SFr 3,259,500 | |||||||
Outside Italy [Member] | Subsidiaries Ten [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Company name | TAR - Tankanlage Ruemlang AG | |||||||
Registered office | Ruemlang  (Switzerland) | |||||||
Country of operation | Switzerland | |||||||
Consolidation or valutation method | [1] | F.V. | ||||||
Outside Italy [Member] | Subsidiaries Ten [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 83.73% | |||||||
Outside Italy [Member] | Subsidiaries Ten [Member] | Eni Suisse SA [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni Suisse SA | |||||||
% Ownership | 16.27% | |||||||
Outside Italy [Member] | Subsidiaries Eleven [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Registered office | Accra  (Ghana) | |||||||
Country of operation | Ghana | |||||||
Share capital | GH₵ | GH₵ 258,309 | |||||||
Outside Italy [Member] | Subsidiaries Eleven [Member] | Third parties [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Third parties | |||||||
% Ownership | 88.00% | |||||||
Outside Italy [Member] | Subsidiaries Eleven [Member] | Eni International BV [Member] | Italy [Member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Name of Shareholders | Eni International BV | |||||||
% Ownership | 12.00% | |||||||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value | |||||||
[2] | The item related to the increase in provisions for contingencies that are shown at present value in non-current liabilities. | |||||||
[3] | Shares without nominal value. |
Other information about inve_14
Other information about investments (Details 11) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of detailed information about investments [line items] | |
% ownership interest | 13.60% |
Joint Ventures One [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Gas Distribution Company of Thessaloniki -  Thessaly SA |
Registered office | Ampelokipi- Menemeni (Greece) |
Country of operation | Greece |
Business segment | Gas & Power |
% ownership interest | 49.00% |
% voting rights | 49.00% |
Joint Ventures Two [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Saipem SpA |
Registered office | San Donato Milanese  (MI) (Italy) |
Country of operation | Italy |
Business segment | Other Activities |
% ownership interest | 30.54% |
% voting rights | 30.99% |
Joint Ventures Three [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Unión Fenosa Gas SA |
Registered office | Madrid  (Spain) |
Country of operation | Spain |
Business segment | Gas & Power |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Joint Ventures Four [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Vår Energi AS |
Registered office | Forus  (Norway) |
Country of operation | Norway |
Business segment | Exploration & Production |
% ownership interest | 69.60% |
% voting rights | 69.60% |
Joint Operations One [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | GreenStream BV |
Registered office | Amsterdam  (Netherlands) |
Country of operation | Lybia |
Business segment | Gas & Power |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Joint Operations Two [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Mozambique Rovuma Venture SpA |
Registered office | San Donato Milanese  (MI) (Italy) |
Country of operation | Mozambique |
Business segment | Exploration & Production |
% ownership interest | 35.71% |
% voting rights | 35.71% |
Joint Operations Three [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Raffineria di Milazzo ScpA |
Registered office | Milazzo  (ME) (Italy) |
Country of operation | Italy |
Business segment | Refining & Marketing |
% ownership interest | 50.00% |
% voting rights | 50.00% |
Associates One [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Angola LNG Ltd |
Registered office | Hamilton  (Bermuda) |
Country of operation | Angola |
Business segment | Exploration & Production |
% ownership interest | 13.60% |
% voting rights | 13.60% |
Associates Two [Member] | |
Disclosure of detailed information about investments [line items] | |
Company name | Coral FLNG SA |
Registered office | Maputo  (Mozambique) |
Country of operation | Mozambique |
Business segment | Exploration & Production |
% ownership interest | 25.00% |
% voting rights | 25.00% |
Other information about inve_15
Other information about investments (Details 12) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of detailed information about investments [line items] | ||||
Current assets | € 39,450 | € 36,433 | ||
- of which cash and cash equivalent | 698 | |||
Non-current assets | 78,628 | 78,172 | ||
Total assets | 118,373 | 114,928 | ||
Current liabilities | 28,382 | 24,735 | ||
Non-current liabilities | 38,859 | 42,027 | ||
- non-current financial liabilities | 1,328 | |||
Total liabilities | 67,300 | 66,849 | ||
Net equity | 51,073 | 48,079 | € 53,086 | € 57,409 |
Book value of the investment | 7,044 | 3,511 | 4,040 | |
Revenues and other operating income | 1,919 | |||
Operating expense | (872) | |||
Depreciation, amortization and impairments | (6,988) | (7,483) | (7,559) | |
Operating profit | 9,983 | 8,012 | 2,157 | |
Finance (expense) income | (971) | (1,236) | (885) | |
Income (expense) from investments | 1,095 | 68 | (380) | |
Profit before income taxes | 10,107 | 6,844 | 892 | |
Income taxes | 5,970 | 3,467 | 1,936 | |
Net profit | 4,137 | 3,377 | (1,457) | |
Other comprehensive income | 1,576 | (5,518) | 1,870 | |
Total other comprehensive income | 5,713 | (2,141) | € 413 | |
Net profit attributable to Eni | 4,126 | 3,374 | ||
Vår Energi AS [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 1,366 | |||
- of which cash and cash equivalent | 883 | |||
Non-current assets | 11,407 | |||
Total assets | 12,773 | |||
Current liabilities | 608 | |||
Non-current liabilities | 7,139 | |||
- non-current financial liabilities | 366 | |||
Total liabilities | 7,747 | |||
Net equity | € 5,026 | |||
Eni's ownership interest (%) | 69.60% | |||
Book value of the investment | € 3,498 | |||
Saipem SpA [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 6,211 | 6,743 | ||
- of which cash and cash equivalent | 1,674 | 1,751 | ||
Non-current assets | 5,466 | 5,847 | ||
Total assets | 11,677 | 12,590 | ||
Current liabilities | 4,430 | 4,487 | ||
- current financial liabilities | 305 | 189 | ||
Non-current liabilities | 3,211 | 3,504 | ||
- non-current financial liabilities | 2,646 | 2,929 | ||
Total liabilities | 7,641 | 7,991 | ||
Net equity | € 4,036 | € 4,599 | ||
Eni's ownership interest (%) | 30.99% | 31.00% | ||
Book value of the investment | € 1,288 | € 1,413 | ||
Revenues and other operating income | 8,530 | 9,038 | ||
Operating expense | (7,682) | (8,172) | ||
Depreciation, amortization and impairments | (811) | (740) | ||
Operating profit | 37 | 126 | ||
Finance (expense) income | (165) | (223) | ||
Income (expense) from investments | (88) | (9) | ||
Profit before income taxes | (216) | (106) | ||
Income taxes | (194) | (201) | ||
Net profit | (410) | (307) | ||
Other comprehensive income | (46) | 49 | ||
Total other comprehensive income | (456) | (258) | ||
Net profit attributable to Eni | (146) | (101) | ||
Union Fenosa Gas SA [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 664 | 610 | ||
- of which cash and cash equivalent | 107 | 32 | ||
Non-current assets | 832 | 877 | ||
Total assets | 1,496 | 1,487 | ||
Current liabilities | 260 | 234 | ||
- current financial liabilities | 22 | 40 | ||
Non-current liabilities | 581 | 580 | ||
- non-current financial liabilities | 510 | 506 | ||
Total liabilities | 841 | 814 | ||
Net equity | € 655 | € 673 | ||
Eni's ownership interest (%) | 50.00% | 50.00% | ||
Book value of the investment | € 335 | € 350 | ||
Revenues and other operating income | 1,521 | 1,340 | ||
Operating expense | (1,461) | (1,308) | ||
Depreciation, amortization and impairments | (70) | (89) | ||
Operating profit | (10) | (57) | ||
Finance (expense) income | (31) | (38) | ||
Income (expense) from investments | 9 | 3 | ||
Profit before income taxes | (32) | (92) | ||
Income taxes | (1) | 1 | ||
Net profit | (33) | (91) | ||
Other comprehensive income | 15 | (41) | ||
Total other comprehensive income | (18) | (132) | ||
Net profit attributable to Eni | (23) | (63) | ||
Petro Junin SA [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 368 | 365 | ||
Non-current assets | 253 | 628 | ||
Total assets | 621 | 993 | ||
Current liabilities | 470 | 434 | ||
Non-current liabilities | 34 | 34 | ||
Total liabilities | 504 | 468 | ||
Net equity | € 117 | € 525 | ||
Eni's ownership interest (%) | 40.00% | 40.00% | ||
Book value of the investment | € 47 | € 210 | ||
Revenues and other operating income | 112 | 135 | ||
Operating expense | (100) | (66) | ||
Depreciation, amortization and impairments | (394) | (29) | ||
Operating profit | (382) | 40 | ||
Finance (expense) income | 31 | 47 | ||
Profit before income taxes | (351) | 87 | ||
Income taxes | (19) | (22) | ||
Net profit | (370) | 65 | ||
Other comprehensive income | 11 | (68) | ||
Total other comprehensive income | (359) | (3) | ||
Net profit attributable to Eni | (148) | 26 | ||
Gas Distribution Company of Thessaloniki Thessaly SA [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 32 | 86 | ||
- of which cash and cash equivalent | 13 | 15 | ||
Non-current assets | 302 | 289 | ||
Total assets | 334 | 375 | ||
Current liabilities | 52 | 94 | ||
Non-current liabilities | 2 | 2 | ||
Total liabilities | 54 | 96 | ||
Net equity | € 280 | € 279 | ||
Eni's ownership interest (%) | 49.00% | 49.00% | ||
Book value of the investment | € 137 | € 137 | ||
Revenues and other operating income | 53 | 54 | ||
Operating expense | (16) | (14) | ||
Depreciation, amortization and impairments | (12) | (15) | ||
Operating profit | 25 | 25 | ||
Profit before income taxes | 25 | 25 | ||
Income taxes | (8) | (7) | ||
Net profit | 17 | 18 | ||
Total other comprehensive income | 17 | 18 | ||
Net profit attributable to Eni | 8 | 9 | ||
Dividends received from the joint venture | 8 | 12 | ||
Lotte Versalis Elastomeres Co [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 56 | 43 | ||
- of which cash and cash equivalent | 8 | 30 | ||
Non-current assets | 502 | 547 | ||
Total assets | 558 | 590 | ||
Current liabilities | 111 | 70 | ||
- current financial liabilities | 78 | 38 | ||
Non-current liabilities | 297 | 292 | ||
- non-current financial liabilities | 289 | 288 | ||
Total liabilities | 408 | 362 | ||
Net equity | € 150 | € 228 | ||
Eni's ownership interest (%) | 50.00% | 50.00% | ||
Book value of the investment | € 75 | € 114 | ||
Revenues and other operating income | 22 | |||
Operating expense | (58) | (4) | ||
Depreciation, amortization and impairments | (30) | |||
Operating profit | (66) | (4) | ||
Finance (expense) income | (12) | |||
Profit before income taxes | (78) | (4) | ||
Net profit | (78) | (4) | ||
Other comprehensive income | (6) | |||
Total other comprehensive income | (78) | (10) | ||
Net profit attributable to Eni | (39) | (2) | ||
Cardon IV SA 1 [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 191 | 816 | ||
- of which cash and cash equivalent | 40 | 42 | ||
Non-current assets | 2,433 | 2,756 | ||
Total assets | 2,624 | 3,572 | ||
Current liabilities | 232 | 644 | ||
Non-current liabilities | 2,196 | 2,928 | ||
- non-current financial liabilities | 1,410 | 1,912 | ||
Total liabilities | 2,428 | € 3,572 | ||
Net equity | € 196 | |||
Eni's ownership interest (%) | 50.00% | 50.00% | ||
Book value of the investment | € 98 | |||
Revenues and other operating income | 610 | € 756 | ||
Operating expense | (372) | (608) | ||
Depreciation, amortization and impairments | (137) | (357) | ||
Operating profit | 101 | (209) | ||
Finance (expense) income | (208) | (155) | ||
Profit before income taxes | (107) | (364) | ||
Income taxes | (35) | (4) | ||
Net profit | (142) | (368) | ||
Other comprehensive income | 6 | 26 | ||
Total other comprehensive income | (136) | (394) | ||
Net profit attributable to Eni | (71) | (184) | ||
Other joint ventures [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 130 | 275 | ||
- of which cash and cash equivalent | 38 | 64 | ||
Non-current assets | 334 | 916 | ||
Total assets | 464 | 1,191 | ||
Current liabilities | 307 | 985 | ||
- current financial liabilities | 165 | 640 | ||
Non-current liabilities | 126 | 124 | ||
- non-current financial liabilities | 14 | 79 | ||
Total liabilities | 433 | 1,109 | ||
Net equity | 31 | 82 | ||
Book value of the investment | (2) | 28 | ||
Revenues and other operating income | 731 | 412 | ||
Operating expense | (697) | (433) | ||
Depreciation, amortization and impairments | (62) | (113) | ||
Operating profit | (28) | (134) | ||
Finance (expense) income | (5) | (53) | ||
Income (expense) from investments | (4) | |||
Profit before income taxes | (33) | (191) | ||
Income taxes | (10) | (11) | ||
Net profit | (43) | (202) | ||
Other comprehensive income | (4) | |||
Total other comprehensive income | (47) | (202) | ||
Net profit attributable to Eni | (21) | (56) | ||
Dividends received from the joint venture | € 11 | € 29 |
Other information about inve_16
Other information about investments (Details 13) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of detailed information about investments [line items] | ||||
Current assets | € 39,450 | € 36,433 | ||
- of which cash and cash equivalent | 698 | |||
Non-current assets | 78,628 | 78,172 | ||
Total assets | 118,373 | 114,928 | ||
Current liabilities | 28,382 | 24,735 | ||
Non-current liabilities | 38,859 | 42,027 | ||
- non-current financial liabilities | 1,328 | |||
Total liabilities | 67,300 | 66,849 | ||
Net equity | € 51,073 | 48,079 | € 53,086 | € 57,409 |
Eni's ownership interest (%) | 13.60% | |||
Book value of the investment | € 7,044 | 3,511 | 4,040 | |
Revenues and other operating income | 1,919 | |||
Operating expense | (872) | |||
Operating profit | 9,983 | 8,012 | 2,157 | |
Finance (expense) income | (971) | (1,236) | (885) | |
Income (expense) from investments | 1,095 | 68 | (380) | |
Profit before income taxes | 10,107 | 6,844 | 892 | |
Income taxes | 5,970 | 3,467 | 1,936 | |
Net profit | 4,137 | 3,377 | (1,457) | |
Other comprehensive income | 1,576 | (5,518) | 1,870 | |
Total other comprehensive income | 5,713 | (2,141) | € 413 | |
Net profit attributable to Eni | 4,126 | 3,374 | ||
Angola LNG Ltd [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 662 | |||
- of which cash and cash equivalent | 370 | |||
Non-current assets | 7,048 | |||
Total assets | 7,710 | |||
Current liabilities | 203 | |||
Non-current liabilities | 1,610 | |||
- non-current financial liabilities | 1,418 | |||
Total liabilities | 1,813 | |||
Net equity | € 5,897 | |||
Eni's ownership interest (%) | 13.60% | |||
Book value of the investment | 95 | € 802 | ||
Revenues and other operating income | 1,374 | |||
Operating expense | (563) | |||
Depreciation, depletion, amortization and impairments | 1,647 | (399) | ||
Operating profit | 412 | |||
Finance (expense) income | (80) | |||
Profit before income taxes | 332 | |||
Net profit | 332 | |||
Other comprehensive income | (817) | |||
Total other comprehensive income | (485) | |||
Net profit attributable to Eni | 45 | |||
United Gas Derivatives Co [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 109 | 36 | ||
- of which cash and cash equivalent | 109 | 19 | ||
Non-current assets | 2,434 | 1,261 | ||
Total assets | 2,543 | 1,297 | ||
Current liabilities | 117 | 155 | ||
Non-current liabilities | 2,018 | 926 | ||
- non-current financial liabilities | 2,016 | 926 | ||
Total liabilities | 2,135 | 1,081 | ||
Net equity | € 408 | € 216 | ||
Eni's ownership interest (%) | 25.00% | 25.00% | ||
Book value of the investment | € 102 | € 54 | ||
Operating expense | (1) | |||
Operating profit | (1) | |||
Finance (expense) income | (11) | 4 | ||
Profit before income taxes | (12) | 4 | ||
Net profit | (12) | 4 | ||
Other comprehensive income | 16 | (13) | ||
Total other comprehensive income | 4 | (9) | ||
Net profit attributable to Eni | (3) | 1 | ||
Other associates [Member] | ||||
Disclosure of detailed information about investments [line items] | ||||
Current assets | 926 | 338 | ||
- of which cash and cash equivalent | 178 | 89 | ||
Non-current assets | 2,296 | 528 | ||
Total assets | 3,222 | 866 | ||
Current liabilities | 785 | 220 | ||
- current financial liabilities | 134 | 42 | ||
Non-current liabilities | 1,755 | 124 | ||
- non-current financial liabilities | 1,473 | 71 | ||
Total liabilities | 2,540 | 344 | ||
Net equity | 682 | 522 | ||
Book value of the investment | 241 | 205 | ||
Revenues and other operating income | 1,053 | 574 | ||
Operating expense | (887) | (454) | ||
Depreciation, depletion, amortization and impairments | (58) | (40) | ||
Operating profit | 108 | 80 | ||
Finance (expense) income | (1) | 3 | ||
Income (expense) from investments | 16 | (30) | ||
Profit before income taxes | 123 | 53 | ||
Income taxes | (26) | (19) | ||
Net profit | 97 | 34 | ||
Other comprehensive income | 17 | (39) | ||
Total other comprehensive income | 114 | (5) | ||
Net profit attributable to Eni | 25 | 8 | ||
Dividends received from the associate | € 25 | € 13 |
Other information about inve_17
Other information about investments (Details 14) € in Millions | 12 Months Ended | |||
Dec. 31, 2018EUR (€) | Dec. 31, 2018USD ($) | Dec. 31, 2017EUR (€) | ||
Disclosure of subsidiaries [line items] | ||||
Share capital | € | € 4,005 | € 4,005 | ||
% Ownership | 80.00% | |||
Subsidiaries One [Member] | Gas Power [Member] | In 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 | |||
Shareholders | Eni gas e luce SpA  Third parties | |||
% 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] | ||||
% Ownership | 51.00% | |||
Subsidiaries One [Member] | Gas Power [Member] | Outside Italy [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 49.00% | |||
Subsidiaries Two [Member] | Gas Power [Member] | In 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] | In 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 | |||
Shareholders | Eni gas e luce SpA  Third parties | |||
% 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] | ||||
% Ownership | 99.87% | |||
Subsidiaries Three [Member] | Gas Power [Member] | Outside Italy [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 0.13% | |||
Subsidiaries Four [Member] | Gas Power [Member] | In 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 | |||
Shareholders | EniPower SpA  Third parties | |||
% Equity ratio | 86.50% | |||
Consolidation or valutation method | [1] | F.C. | ||
Subsidiaries Four [Member] | Gas Power [Member] | In Italy [Member] | Eni Power SpA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 86.50% | |||
Subsidiaries Four [Member] | Gas Power [Member] | In Italy [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Equity ratio | 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] | In 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 | Eni Transprte y Suministro Mexico, S. de RL de CV | |||
Registered office | Mexico City  (Mexico) | |||
Country of operation | Mexico | |||
Share capital | 3,000 | |||
Shareholders | Eni International BV  Eni Oil Holdings BV | |||
% Ownership | 9990010.00% | |||
Consolidation or valutation method | [1] | Eq. | ||
Subsidiaries Six [Member] | Gas Power [Member] | In 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 | Gas Supply Company Thessaloniki - Thessalia SA | |||
Registered office | Thessaloniki  (Greece) | |||
Country of operation | Greece | |||
Share capital | 13,761,788 | |||
Shareholders | Eni gas e luce SpA | |||
% Ownership | 10000.00% | |||
% Equity ratio | 100.00% | |||
Consolidation or valutation method | [1] | F.C. | ||
Subsidiaries Seven [Member] | Gas Power [Member] | In 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 | Société de Service du Gazoduc Transtunisien SA - Sergaz SA | |||
Registered office | Tunisi  (Tunisia) | |||
Country of operation | Tunisia | |||
Share capital | 99,000 | |||
Shareholders | Eni International BV  Third parties | |||
% Equity ratio | 66.67% | |||
Consolidation or valutation method | [1] | F.C. | ||
Subsidiaries Seven [Member] | Gas Power [Member] | Outside Italy [Member] | Third parties [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 33.33% | |||
Subsidiaries Seven [Member] | Gas Power [Member] | Outside Italy [Member] | Eni International BV [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 66.67% | |||
Subsidiaries Eight [Member] | Gas Power [Member] | Outside Italy [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
Company name | Societe la Construction du Gazoduc Transtunisien SA - Scogat SA | |||
Registered office | Tunisi  (Tunisia) | |||
Country of operation | Tunisia | |||
Share capital | $ 200,000 | |||
Shareholders | Eni INternational BV Eni SpA LNG Shipping Spa Trans Tunis P.Co SpA | |||
% Equity ratio | 100.00% | |||
Consolidation or valutation method | [1] | F.C. | ||
Subsidiaries Eight [Member] | Gas Power [Member] | Outside Italy [Member] | Eni International BV [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 99.85% | |||
Subsidiaries Eight [Member] | Gas Power [Member] | Outside Italy [Member] | ENI SPA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 0.05% | |||
Subsidiaries Eight [Member] | Gas Power [Member] | Outside Italy [Member] | LNG Shipping SpA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 0.05% | |||
Subsidiaries Eight [Member] | Gas Power [Member] | Outside Italy [Member] | Trans Tunis P Co SpA [Member] | ||||
Disclosure of subsidiaries [line items] | ||||
% Ownership | 0.05% | |||
[1] | F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |