Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2022 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 1-14090 |
Entity Registrant Name | Eni SpA |
Entity Incorporation, State or Country Code | L6 |
Entity Address, Address Line One | 1, piazzale Enrico Mattei |
Entity Address, Postal Zip Code | 00144 |
Entity Address, City or Town | Roma |
Entity Address, Country | IT |
Entity Common Stock, Shares Outstanding | 3,571,487,977 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Entity Central Index Key | 0001002242 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
ICFR Auditor Attestation Flag | true |
Auditor Name | PricewaterhouseCoopers SpA |
Auditor Location | Rome, Italy |
Auditor Firm ID | 30 |
Business Contact | |
Document Information [Line Items] | |
Contact Personnel Name | Francesco Esposito |
Entity Registrant Name | Eni SpA |
Entity Address, Address Line One | 1, piazza Ezio Vanoni |
Entity Address, Postal Zip Code | 20097 |
Entity Address, City or Town | San Donato Milanese (Milano) |
Entity Address, Country | IT |
City Area Code | 39 |
Local Phone Number | 02 52061632 |
Contact Personnel Fax Number | 06 59822575 |
Ordinary shares | |
Document Information [Line Items] | |
Title of 12(b) Security | Shares |
Trading Symbol | E |
Security Exchange Name | NYSE |
American Depositary Shares | |
Document Information [Line Items] | |
Title of 12(b) Security | American Depositary Shares |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Current assets | ||
Cash and cash equivalents | € 10,155 | € 8,254 |
Financial assets at fair value through profit or loss | 8,251 | 6,301 |
Other current financial assets | 1,504 | 4,308 |
Trade and other receivables | 20,840 | 18,850 |
Inventories | 7,709 | 6,072 |
Income tax receivables | 317 | 195 |
Other current assets | 12,821 | 13,634 |
Current assets | 61,597 | 57,614 |
Non-current assets | ||
Property, plant and equipment | 56,332 | 56,299 |
Right-of-use assets | 4,446 | 4,821 |
Intangible assets | 5,525 | 4,799 |
Inventory - Compulsory stock | 1,786 | 1,053 |
Equity-accounted investments | 12,092 | 5,887 |
Other investments | 1,202 | 1,294 |
Other non-current financial assets | 1,967 | 1,885 |
Deferred tax assets | 4,569 | 2,713 |
Income tax receivables | 114 | 108 |
Other non-current assets | 2,236 | 1,029 |
Non-current assets | 90,269 | 79,888 |
Assets held for sale | 264 | 263 |
TOTAL ASSETS | 152,130 | 137,765 |
Current liabilities | ||
Short-term debt | 4,446 | 2,299 |
Current portion of long-term debt | 3,097 | 1,781 |
Current portion of long-term lease liabilities | 884 | 948 |
Trade and other payables | 25,709 | 21,720 |
Income tax payables | 2,108 | 648 |
Other current liabilities | 12,473 | 15,756 |
Current liabilities | 48,717 | 43,152 |
Non-current liabilities | ||
Long-term debt | 19,374 | 23,714 |
Long-term lease liabilities | 4,067 | 4,389 |
Provisions | 15,267 | 13,593 |
Provisions for employee benefits | 786 | 819 |
Deferred tax liabilities | 5,094 | 4,835 |
Income tax payables | 253 | 374 |
Other non-current liabilities | 3,234 | 2,246 |
Non-current liabilities | 48,075 | 49,970 |
Liabilities directly associated with assets held for sale | 108 | 124 |
TOTAL LIABILITIES | 96,900 | 93,246 |
EQUITY | ||
Share capital | 4,005 | 4,005 |
Retained earnings | 23,455 | 22,750 |
Cumulative currency translation differences | 7,564 | 6,530 |
Other reserves and equity instruments | 8,785 | 6,289 |
Treasury shares | (2,937) | (958) |
Profit (loss) | 13,887 | 5,821 |
Equity attributable to equity holders of Eni | 54,759 | 44,437 |
Non-controlling interest | 471 | 82 |
TOTAL EQUITY | 55,230 | 44,519 |
TOTAL LIABILITIES AND EQUITY | 152,130 | 137,765 |
Related parties | ||
Current assets | ||
Cash and cash equivalents | 10 | 2 |
Other current financial assets | 16 | 53 |
Trade and other receivables | 2,427 | 1,301 |
Other current assets | 341 | 492 |
Non-current assets | ||
Other non-current financial assets | 1,631 | 1,645 |
Other non-current assets | 26 | 29 |
Current liabilities | ||
Short-term debt | 307 | 233 |
Current portion of long-term debt | 36 | 21 |
Current portion of long-term lease liabilities | 35 | 17 |
Trade and other payables | 3,203 | 2,298 |
Other current liabilities | 232 | 339 |
Non-current liabilities | ||
Long-term debt | 26 | 5 |
Long-term lease liabilities | 28 | 1 |
Other non-current liabilities | € 462 | € 415 |
CONSOLIDATED PROFIT AND LOSS AC
CONSOLIDATED PROFIT AND LOSS ACCOUNT - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement | |||
Sales from operations | € 132,512 | € 76,575 | € 43,987 |
Other income and revenues | 1,175 | 1,196 | 960 |
REVENUES AND OTHER INCOME | 133,687 | 77,771 | 44,947 |
Purchases, services and other | (102,529) | (55,549) | (33,551) |
Net (impairments) reversals of trade and other receivables | 47 | (279) | (226) |
Payroll and related costs | (3,015) | (2,888) | (2,863) |
Other operating income (expense) | (1,736) | 903 | (766) |
Depreciation and amortization | (7,205) | (7,063) | (7,304) |
Net (impairments) reversals of tangible, intangible and right-of-use assets | (1,140) | (167) | (3,183) |
Write-off of tangible and intangible assets | (599) | (387) | (329) |
OPERATING PROFIT (LOSS) | 17,510 | 12,341 | (3,275) |
Finance income | 8,450 | 3,723 | 3,531 |
Finance expense | (9,333) | (4,216) | (4,958) |
Net finance income (expense) from financial assets at fair value through profit or loss | (55) | 11 | 31 |
Derivative financial instruments | 13 | (306) | 351 |
FINANCE INCOME (EXPENSE) | (925) | (788) | (1,045) |
Share of profit (loss) from equity-accounted investments | 1,841 | (1,091) | (1,733) |
Other gain (loss) from investments | 3,623 | 223 | 75 |
INCOME (EXPENSE) FROM INVESTMENTS | 5,464 | (868) | (1,658) |
PROFIT (LOSS) BEFORE INCOME TAXES | 22,049 | 10,685 | (5,978) |
Income taxes | (8,088) | (4,845) | (2,650) |
PROFIT (LOSS) | 13,961 | 5,840 | (8,628) |
Attributable to Eni | 13,887 | 5,821 | (8,635) |
Attributable to non-controlling interest | € 74 | € 19 | € 7 |
Earnings (loss) per share ( per share) | |||
Basic | € 3.96 | € 1.61 | € (2.42) |
Diluted | € 3.95 | € 1.6 | € (2.42) |
Related parties | |||
Statement | |||
Sales from operations | € 10,872 | € 3,000 | € 1,164 |
Other income and revenues | 156 | 52 | 35 |
Purchases, services and other | (15,327) | (8,644) | (6,595) |
Net (impairments) reversals of trade and other receivables | (2) | (6) | (6) |
Payroll and related costs | (18) | (21) | (36) |
Other operating income (expense) | 3,306 | 735 | 13 |
Finance income | 160 | 79 | 114 |
Finance expense | (164) | € (46) | € (26) |
Derivative financial instruments | 2 | ||
Other gain (loss) from investments | € 30 |
CONSOLIDATED STATEMENT OF COMPR
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||
Profit (loss) | € 13,961 | € 5,840 | € (8,628) |
Items that are not reclassified to profit or loss in later periods | |||
Remeasurements of defined benefit plans | 60 | 119 | (16) |
Share of other comprehensive income (loss) on equity-accounted investments | 3 | 2 | |
Change of minor investments measured at fair value with effects to OCI | 56 | 105 | 24 |
Tax effect | (5) | (77) | 25 |
Total items that are not reclassified to profit or loss in later periods, net of tax | 114 | 149 | 33 |
Items that may be reclassified to profit or loss in later periods | |||
Currency translation differences | 1,095 | 2,828 | (3,314) |
Change in the fair value of cash flow hedging derivatives | 794 | (1,264) | 661 |
Share of other comprehensive income (loss) on equity-accounted investments | (12) | (34) | 32 |
Tax effect | (234) | 372 | (192) |
Total items that may be reclassified to profit or loss in later periods, net of tax | 1,643 | 1,902 | (2,813) |
Total other items of comprehensive income (loss) | 1,757 | 2,051 | (2,780) |
Total comprehensive income (loss) | 15,718 | 7,891 | (11,408) |
Attributable to Eni | 15,643 | 7,872 | (11,415) |
Attributable to non-controlling interest | € 75 | € 19 | € 7 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - EUR (€) € in Millions | Total | Share capital | Retained earnings | Cumulative currency translation differences | Other reserves and equity instruments | Treasury shares | Net profit (loss) for the year | Total | Non-controlling interests |
Balance at Dec. 31, 2019 | € 47,900 | € 4,005 | € 35,894 | € 7,209 | € 1,564 | € (981) | € 148 | € 47,839 | € 61 |
Profit (loss) for the year | (8,628) | (8,635) | (8,635) | 7 | |||||
Items that are not reclassified to profit or loss in later periods | |||||||||
Remeasurements of defined benefit plans net of tax effect | 9 | 9 | 9 | ||||||
Change of minor investments measured at fair value with effects to OCI | 24 | 24 | 24 | ||||||
Items that are not reclassified to profit or loss in later periods | 33 | 33 | 33 | ||||||
Items that may be reclassified to profit or loss in later periods | |||||||||
Currency translation differences | (3,314) | (3,313) | (1) | (3,314) | |||||
Change in the fair value of cash flow hedge derivatives net of tax effect | 469 | 469 | 469 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | 32 | 32 | 32 | ||||||
Items that may be reclassified to profit or loss in later periods | (2,813) | (3,313) | 500 | (2,813) | |||||
Total comprehensive income (loss) of the year | (11,408) | (3,313) | 533 | (8,635) | (11,415) | 7 | |||
Dividend distribution of Eni SpA | (1,536) | 1,542 | (3,078) | (1,536) | |||||
Interim dividend distribution of Eni SpA | (429) | (429) | (429) | ||||||
Dividend distribution of other companies | (3) | (3) | |||||||
Allocation of net income (loss) | (2,930) | 2,930 | |||||||
Cancellation of treasury shares | (400) | 400 | |||||||
Long-term share-based incentive plan | 7 | 7 | 7 | ||||||
Increase in non-controlling interest relating to acquisition of consolidated entities | 15 | 15 | |||||||
Issue of perpetual subordinated bonds | 3,000 | 3,000 | 3,000 | ||||||
Transactions with holders of equity instruments | 1,054 | (1,810) | 2,600 | 400 | (148) | 1,042 | 12 | ||
Costs for the issue of perpetual subordinated bonds | (25) | (25) | (25) | ||||||
Other changes | (28) | (16) | (1) | (9) | (26) | (2) | |||
Other changes in equity | (53) | (41) | (1) | (9) | (51) | (2) | |||
Balance at Dec. 31, 2020 | 37,493 | 4,005 | 34,043 | 3,895 | 4,688 | (581) | (8,635) | 37,415 | 78 |
Profit (loss) for the year | 5,840 | 5,821 | 5,821 | 19 | |||||
Items that are not reclassified to profit or loss in later periods | |||||||||
Remeasurements of defined benefit plans net of tax effect | 42 | 42 | 42 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments related to benefit plans remeasurements | 2 | 2 | 2 | ||||||
Change of minor investments measured at fair value with effects to OCI | 105 | 105 | 105 | ||||||
Items that are not reclassified to profit or loss in later periods | 149 | 149 | 149 | ||||||
Items that may be reclassified to profit or loss in later periods | |||||||||
Currency translation differences | 2,828 | 2,828 | 2,828 | ||||||
Change in the fair value of cash flow hedge derivatives net of tax effect | (892) | (892) | (892) | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | (34) | (34) | (34) | ||||||
Items that may be reclassified to profit or loss in later periods | 1,902 | 2,828 | (926) | 1,902 | |||||
Total comprehensive income (loss) of the year | 7,891 | 2,828 | (777) | 5,821 | 7,872 | 19 | |||
Dividend distribution of Eni SpA | (857) | 429 | (1,286) | (857) | |||||
Interim dividend distribution of Eni SpA | (1,533) | (1,533) | (1,533) | ||||||
Dividend distribution of other companies | (5) | (5) | |||||||
Allocation of net income (loss) | (9,921) | 9,921 | |||||||
Purchase of treasury shares | (400) | (400) | 400 | (400) | (400) | ||||
Long-term share-based incentive plan | 16 | 16 | (23) | 23 | 16 | ||||
Increase in non-controlling interest relating to acquisition of consolidated entities | (11) | (11) | |||||||
Issue of perpetual subordinated bonds | 2,000 | 2,000 | 2,000 | ||||||
Coupon payment on perpetual subordinated bonds | (61) | (61) | (61) | ||||||
Transactions with holders of equity instruments | (851) | (11,470) | 2,377 | (377) | 8,635 | (835) | (16) | ||
Costs for the issue of perpetual subordinated bonds | (15) | (15) | (15) | ||||||
Other changes | 1 | 192 | (193) | 1 | 1 | ||||
Other changes in equity | (14) | 177 | (193) | 1 | (15) | 1 | |||
Balance at Dec. 31, 2021 | 44,519 | 4,005 | 22,750 | 6,530 | 6,289 | (958) | 5,821 | 44,437 | 82 |
Profit (loss) for the year | 13,961 | 13,887 | 13,887 | 74 | |||||
Items that are not reclassified to profit or loss in later periods | |||||||||
Remeasurements of defined benefit plans net of tax effect | 55 | 55 | 55 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments related to benefit plans remeasurements | 3 | 3 | 3 | ||||||
Change of minor investments measured at fair value with effects to OCI | 56 | 56 | 56 | ||||||
Items that are not reclassified to profit or loss in later periods | 114 | 114 | 114 | ||||||
Items that may be reclassified to profit or loss in later periods | |||||||||
Currency translation differences | 1,095 | 1,093 | 1 | 1,094 | 1 | ||||
Change in the fair value of cash flow hedge derivatives net of tax effect | 560 | 560 | 560 | ||||||
Share of "Other comprehensive income (loss)" on equity-accounted investments | (12) | (12) | (12) | ||||||
Items that may be reclassified to profit or loss in later periods | 1,643 | 1,093 | 549 | 1,642 | 1 | ||||
Total comprehensive income (loss) of the year | 15,718 | 1,093 | 663 | 13,887 | 15,643 | 75 | |||
Dividend distribution of Eni SpA | (1,522) | (1,522) | (1,522) | ||||||
Interim dividend distribution of Eni SpA | (1,500) | (1,500) | (1,500) | ||||||
Dividend distribution of other companies | (60) | (60) | |||||||
Allocation of net income (loss) | 4,299 | (4,299) | |||||||
Capital contribution by non-controlling interests | 92 | 92 | |||||||
Purchase of treasury shares | (2,400) | (2,400) | 2,400 | (2,400) | (2,400) | ||||
Cancellation of treasury shares | 400 | (400) | 400 | ||||||
Long-term share-based incentive plan | 18 | 18 | (21) | 21 | 18 | ||||
Change in non‐controlling interest | 477 | 196 | 196 | 281 | |||||
Coupon payment on perpetual subordinated bonds | (138) | (138) | (138) | ||||||
Transactions with holders of equity instruments | (5,033) | 475 | 1,979 | (1,979) | (5,821) | (5,346) | 313 | ||
Other changes | 26 | 230 | (59) | (146) | 25 | 1 | |||
Other changes in equity | 26 | 230 | (59) | (146) | 25 | 1 | |||
Balance at Dec. 31, 2022 | € 55,230 | € 4,005 | € 23,455 | € 7,564 | € 8,785 | € (2,937) | € 13,887 | € 54,759 | € 471 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement | |||
Profit (loss) | € 13,961 | € 5,840 | € (8,628) |
Adjustments to reconcile profit (loss) to net cash provided by operating activities | |||
Depreciation and amortization | 7,205 | 7,063 | 7,304 |
Net Impairments (reversals) of tangible, intangible and right-of-use assets | 1,140 | 167 | 3,183 |
Write-off of tangible and intangible assets | 599 | 387 | 329 |
Share of (profit) loss of equity-accounted investments | (1,841) | 1,091 | 1,733 |
Net gain on disposal of assets | (524) | (102) | (9) |
Dividend income | (351) | (230) | (150) |
Interest income | (159) | (75) | (126) |
Interest expense | 1,033 | 794 | 877 |
Income taxes | 8,088 | 4,845 | 2,650 |
Other changes | (2,773) | (194) | 92 |
Cash flow from changes in working capital: | (1,279) | (3,146) | (18) |
- inventories | (2,528) | (2,033) | 1,054 |
- trade receivables | (1,036) | (7,888) | 1,316 |
- trade payables | 2,284 | 7,744 | (1,614) |
- provisions | 2,028 | (406) | (1,056) |
- other assets and liabilities | (2,027) | (563) | 282 |
Net change in the provisions for employee benefits | 39 | 54 | |
Dividends received | 1,545 | 857 | 509 |
Interest received | 116 | 28 | 53 |
Interest paid | (851) | (792) | (928) |
Income taxes paid, net of tax receivables received | (8,488) | (3,726) | (2,049) |
Net cash provided by operating activities | 17,460 | 12,861 | 4,822 |
Cash flow from investing activities | (10,793) | (7,815) | (5,959) |
- tangible assets | (7,700) | (4,950) | (4,407) |
- prepaid right-of-use assets | (3) | (2) | |
- intangible assets | (356) | (284) | (237) |
- consolidated subsidiaries and businesses net of cash and cash equivalents acquired | (1,636) | (1,901) | (109) |
- investments | (1,675) | (837) | (283) |
- securities and financing receivables held for operating purposes | (350) | (227) | (166) |
- change in payables in relation to investing activities | 927 | 386 | (757) |
Cash flow from disposals | 2,989 | 536 | 216 |
- tangible assets | 149 | 207 | 12 |
- intangible assets | 17 | 1 | |
- consolidated subsidiaries and businesses net of cash and cash equivalents disposed of | (60) | 76 | |
- tax on disposals | (35) | ||
- investments | 1,096 | 155 | 16 |
- securities and financing receivables held for operating purposes | 483 | 141 | 136 |
- change in receivables in relation to disposals | 1,304 | (9) | 52 |
Net change in securities and financing receivables held for non-operating purposes | 786 | (4,743) | 1,156 |
Net cash used in investing activities | (7,018) | (12,022) | (4,587) |
Increase in long-term financial debt | 130 | 3,556 | 5,278 |
Repayments of long-term financial debt | (4,074) | (2,890) | (3,100) |
Payments of lease liabilities | (994) | (939) | (869) |
Increase (decrease) in short-term financial debt | 1,375 | (910) | 937 |
Dividends paid to Eni's shareholders | (3,009) | (2,358) | (1,965) |
Dividends paid to non-controlling interest | (60) | (5) | (3) |
Capital contribution by non-controlling interests | 92 | ||
Sale (purchase) of additional interests in consolidated subsidiaries | 536 | (17) | |
Purchase of treasury shares | (2,400) | (400) | |
Issue of perpetual subordinated bonds | 1,985 | 2,975 | |
Coupon payment on perpetual subordinated bonds | (138) | (61) | |
Net cash used in financing activities | (8,542) | (2,039) | 3,253 |
Effect of exchange rate changes and other changes on cash and cash equivalents | 16 | 52 | (69) |
Net increase (decrease) in cash and cash equivalents | 1,916 | (1,148) | 3,419 |
Cash and cash equivalents - beginning of the year | 8,265 | 9,413 | 5,994 |
Cash and cash equivalents - end of the year | 10,181 | 8,265 | 9,413 |
Related parties | |||
Adjustments to reconcile profit (loss) to net cash provided by operating activities | |||
Net cash provided by operating activities | 223 | (4,331) | (4,640) |
Net cash used in investing activities | (32) | (976) | (1,372) |
Net cash used in financing activities | (88) | (13) | 164 |
Effect of exchange rate changes and other changes on cash and cash equivalents | 8 | 2 | |
Net increase (decrease) in cash and cash equivalents | € 111 | € (5,318) | € (5,848) |
CONSOLIDATED STATEMENT OF CAS_2
CONSOLIDATED STATEMENT OF CASH FLOWS (Parenthetical) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
CONSOLIDATED STATEMENT OF CASH FLOWS | ||
Cash and cash equivalents classified as part of disposal group held for sale | € 26 | € 11 |
Significant accounting policies
Significant accounting policies, estimates and judgements | 12 Months Ended |
Dec. 31, 2022 | |
Significant accounting policies, estimates and judgements | |
Significant accounting policies, estimates and judgements | 1 Basis of preparation The Consolidated Financial Statements of Eni SpA and its subsidiaries (collectively referred to as Eni or the Group) have been prepared on a going concern basis in accordance with International Financial Reporting Standards (IFRS) 1 as issued by the International Accounting Standards Board (IASB). The Consolidated Financial Statements have been prepared under the historical cost convention, taking into account, where appropriate, value adjustments, except for certain items that under IFRSs must be measured at fair value as described in the accounting policies that follow. The principles of consolidation and the significant accounting policies that follow have been consistently applied to all years presented, except where otherwise indicated. The 2022 Consolidated Financial Statements included in the Annual Report on Form 20-F, were approved by the Eni’s Board of Directors on April 3, 2023. The Consolidated Financial Statements are presented in euros and all values are rounded to the nearest million euros (€ million), except where otherwise indicated. Significant accounting estimates and judgements The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognised in the financial statements, as well as amounts included in the notes thereto, including disclosure of contingent assets and contingent liabilities. Estimates made are based on complex judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant judgments and estimates to be used in the preparation of the Consolidated Financial Statements are in relation to the accounting for oil and natural gas activities, specifically in the determination of reserves, impairment of financial and non-financial assets, leases, decommissioning and restoration liabilities, environmental liabilities, business combinations, employee benefits, revenue from contracts with customers, fair value measurements and income taxes. Although the Company uses its best estimates and judgements, actual results could differ from the estimates and assumptions used. The accounting estimates and judgments relevant for the preparation of the Consolidated Financial Statement are described below. Significant accounting estimates and judgments made in assessing the impacts of climate-related risks Significant accounting estimates and judgments made by management for the preparation of the 2022 Consolidated Financial Statements are affected by the effects of actions to address climate change and by the potential impact of the energy transition. In particular, the global pressure towards a low-carbon economy, increasingly restrictive regulatory requirements for oil&gas activities and hydrocarbons consumption, carbon pricing schemes, the technological evolution of alternative energy sources for transportation, as well as changes in consumer preferences could imply a structural decline of the demand for hydrocarbons in the medium-long term, an increase in operating costs and a higher risk of stranded assets for Eni. The Eni strategy provides for the achievement of carbon neutrality by 2050, in line with the provisions of the scenarios compatible with maintaining global warming within the 1.5°C threshold; furthermore, this strategy sets intermediate targets for 2030 and 2040 in terms of reduction in absolute emissions and carbon intensity. Scenarios adopted by management take into account policies, regulatory requirements and current and expected developments in technology and set out a development path of the future energy system, on the basis of an economic and demographic framework, analysis of existing and announced policies and technologies, identifying those which can reasonably reach maturity within the considered time horizon. Price variables reflect the best estimate by management of the fundamentals of several energy markets, which incorporates the ongoing and reasonably expected decarbonisation trends, and are subject to continuous benchmarking with the views of market analysts and peers. 1 Such scenarios represent the basis for significant estimates and judgments relating to: (i) the assessment of the intention to continue exploration projects; (ii) the assessment of the recoverability of non-current assets and credit exposures towards National Oil Companies; (iii) the definition of useful lives and residual values of fixed assets; (iv) impacts on provisions (e.g. the bringing forward of the expected timing of decommissioning and restoration costs). For further information on sensitivity analyses performed on the values of assets considering the low carbon scenarios of international bodies, see Item 3 – Risk factors. Principles of consolidation Subsidiaries The Consolidated Financial Statements comprise the financial statements of the parent Company Eni SpA and those of its subsidiaries, being those entities over which the Company has control, either directly or indirectly, through exposure or rights to their variable returns and the ability to affect those returns through its power over the investees. To have power over an investee, the investor must have existing rights that give it the current ability to direct the relevant activities of the investee, i.e. the activities that significantly affect the investee’s returns. Subsidiaries are consolidated, on the basis of consistent accounting policies, from the date on which control is obtained until the date that control ceases. Assets, liabilities, income and expenses of consolidated subsidiaries are fully recognised with those of the parent in the Consolidated Financial Statements, taking into account the appropriate eliminations of intragroup transactions (see the accounting policy for “Intragroup transactions”); the parent’s investment in each subsidiary is eliminated against the corresponding parent’s portion of equity of each subsidiary. Non-controlling interests are presented separately on the balance sheet within equity; the profit or loss and comprehensive income attributable to non-controlling interests are presented in specific line items, respectively, in the profit and loss account and in the statement of comprehensive income. Taking into account the lack of any material 2 impact on the representation of the financial position and performance of the Group 3 , the Consolidated Financial Statements do not consolidate: (i) some subsidiaries that are immaterial, both individually and in the aggregate, and (ii) subsidiaries acting as sole-operator in the management of oil and gas contracts on behalf of companies participating in a joint project. In the latter case, 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. When the proportion of the equity held by non-controlling interests changes, any difference between the consideration paid/received and the amount by which the related non-controlling interests are adjusted is attributed to Eni owners’ equity. Conversely, the sale of equity interests with loss of control determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred net assets; (ii) any gain or loss recognised as a result of the remeasurement of any investment retained in the former subsidiary at its fair value; and (iii) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 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. 2 3 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. Interests in joint arrangements Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Investments in joint ventures are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have enforceable rights to the assets, and enforceable obligations for the liabilities, relating to the arrangement; in the Consolidated Financial Statements, Eni recognises its share of the assets/liabilities and revenues/expenses of joint operations on the basis of its rights and obligations relating to the arrangements. After the initial recognition, the assets/liabilities and revenues/expenses of the joint operations are measured in accordance with the applicable measurement criteria. Immaterial joint operations structured through a separate vehicle are accounted for using the equity method or, if this does not result in a misrepresentation of the Company’s financial position and performance, at cost less any impairment losses. Investments in joint venture, previously classified as joint operations are measured on the date of change in the classification of the joint arrangement at the net amount of the carrying amounts of the assets and liabilities that Eni had previously recognised, line by line, on the basis of its rights and obligations relating to the arrangement. Investments in associates An associate is an entity over which Eni has significant influence, that is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies. Investments in associates are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. The equity method of accounting Investments in joint ventures, associates and immaterial unconsolidated subsidiaries, are accounted for using the equity method. 5 Under the equity method, investments are initially recognised at cost 6 , allocating it, similarly to business combinations procedures, to the investee’s identifiable assets/liabilities; any excess of the cost of the investment over the share of the net fair value of the investee’s identifiable assets and liabilities is accounted for as goodwill, not separately recognised but included in the carrying amount of the investment. If this allocation is provisionally recognised at initial recognition, it can be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed at the acquisition date. Subsequently, the carrying amount is adjusted to reflect: (i) the investor’s share of the profit or loss of the investee after the date of acquisition, adjusted to account for depreciation, amortization and any impairment losses of the equity-accounted entity’s assets based on their fair values at the date of acquisition; and (ii) the investor’s share of the investee’s other comprehensive income. Distributions received from an equity-accounted investee reduce the carrying amount of the investment. In applying the equity method, consolidation adjustments are considered (see also the accounting policy for “Subsidiaries”). Losses arising from the application of the equity method in excess of the carrying amount of the investment, recognised in the profit and loss account within “Income (Expense) from investments”, reduce the carrying amount, net of the related expected credit losses (see below), of any financing receivables towards the investee for which settlement is neither planned nor likely to occur in the foreseeable future (the so-called long-term interests), which are, in substance, an extension of the investment in the investee. The investor’s share of any losses of an equity-accounted investee that exceeds the carrying amount of the investment and any long-term interests (the so-called net investment), is recognised in a specific provision only to the extent that the investor has incurred legal or constructive obligations or made payments on behalf of the investee. 5 6 Whenever there is objective evidence of impairment (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the counterparty, etc.), the carrying amount of the net investment, resulting from the application of the abovementioned measurement criteria, is tested for impairment by comparing it with the related recoverable amount, determined by adopting the criteria indicated in the accounting policy for “Impairment of non-financial assets”. When an impairment loss no longer exists or has decreased, any reversal of the impairment loss is recognised in the profit and loss account within “Income (Expense) from investments”. The impairment reversal of the net investment shall not exceed the previously recognised impairment losses. The sale of equity interests with loss of joint control or significant influence over the investee determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss recognised as a result of the remeasurement of any investment retained in the former joint venture/associate at its fair value 7 ; 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 . Any investment retained in the former joint venture/associate is recognised at its fair value at the date when joint control or significant influence is lost and shall be accounted for in accordance with the applicable measurement criteria. Business combinations Business combinations are accounted for by applying the acquisition method. The consideration transferred in a business combination is the sum of the acquisition-date fair value of the assets transferred, the liabilities incurred and the equity interests issued by the acquirer. The consideration transferred includes also the fair value of any assets or liabilities resulting from contingent considerations, contractually agreed and dependent upon the occurrence of specified future events. Acquisition-related costs are accounted for as expenses when incurred. The acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 9 , unless another measurement basis is required by IFRSs. The excess of the consideration transferred over the Group’s share of the acquisition-date fair values of the identifiable assets acquired and liabilities assumed is recognised, on the balance sheet, as goodwill; conversely, a gain on a bargain purchase is recognised in the profit and loss account. Any non-controlling interests are measured as the proportionate share in the recognised amounts of the acquiree’s identifiable net assets at the acquisition date excluding the portion of goodwill attributable to them (partial goodwill method). In a business combination achieved in stages, the purchase price is determined by summing the acquisition-date fair value of previously held equity interests in the acquiree and the consideration transferred for obtaining control; the previously held equity interests are remeasured at their acquisition-date fair value and the resulting gain or loss, if any, is recognised in the profit and loss account. Furthermore, on obtaining control, any amount recognised in other comprehensive income related to the previously held equity interests is reclassified to the profit and loss account, or in another item of equity when such amount may not be reclassified to the profit and loss account. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the provisional amounts recognised at the acquisition date shall be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed as of the acquisition date. The acquisition of interests in a joint operation whose activity constitutes a business is accounted for applying the principles on business combinations accounting. In this regard, if the entity obtains control over a business that was a joint operation, the previously held interest in the joint operation is remeasured at the acquisition-date fair value and the resulting gain or loss is recognized in the profit and loss account. 10 7 8 9 Significant accounting estimates and judgments: investments and business combinations The assessment of the existence of control, joint control, significant influence over an investee, as well as for joint operations, the assessment of the existence of enforceable rights to the investee’s assets and enforceable obligations for the investee’s liabilities imply that management makes complex judgments on the basis of the characteristics of the investee’s structure, arrangements between parties and other relevant facts and circumstances. Significant accounting estimates by management are required also for measuring the identifiable assets acquired and the liabilities assumed in a business combination at their acquisition-date fair values. For such measurement, to be performed also for the application of the equity method, Eni adopts the valuation techniques generally used by market participants taking into account the available information; for the most significant business combinations, Eni engages external independent evaluators. Intragroup transactions 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; such accounting treatment is applied also for transfer of businesses to equity-accounted entities (so-called downstream transactions). In both cases, the unrealised losses are not eliminated as the transaction provides evidence of an impairment loss of the asset transferred. Foreign currency translation The financial statements of foreign operations having a functional currency other than the euro, that represents the parent’s functional currency as well as the presentation currency of the Consolidated Financial Statements, are translated into euros using the spot exchange rates on the balance sheet date for assets and liabilities, historical exchange rates for equity and average exchange rates for the profit and loss account and the statement of cash flows. The cumulative resulting exchange differences are presented in the separate component of Eni owners’ equity “Cumulative currency translation differences” 11 . Cumulative amount of exchange differences relating to a foreign operation are reclassified to the profit and loss account when the entity disposes the entire interest in that foreign operation or when the partial disposal involves the loss of control, joint control or significant influence over the foreign operation. On a partial disposal that does not involve loss of control of a subsidiary that includes a foreign operation, the proportionate share of the cumulative exchange differences is reattributed to the non-controlling interests in that foreign operation. On a partial disposal of interests in joint arrangements or in associates that does not involve loss of joint control or significant influence, the proportionate share of the cumulative exchange differences is reclassified to the profit and loss account. The repayment of share capital made by a subsidiary having a functional currency other than the euro, without a change in the ownership interest, implies that the proportionate share of the cumulative amount of exchange differences relating to the subsidiary is reclassified to the profit and loss account. The financial statements of foreign operations which are translated into euros are denominated in the foreign operations’ functional currencies which generally is the U.S. dollar. 10 1 1 When the foreign subsidiary is partially owned, the cumulative exchange difference, that is attributable to the non-controlling interests, is allocated to and recognised as part of “Non-controlling interest”. 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 2022 Exchange rate at December 31, 2022 Annual average exchange rate 2021 Exchange rate at December 31, 2021 Annual average exchange rate 2020 Exchange rate at December 31, 2020 U.S. Dollar 1.05 1.07 1.18 1.13 1.14 1.23 Pound Sterling 0.85 0.89 0.86 0.84 0.89 0.90 Australian Dollar 1.52 1.57 1.57 1.56 1.66 1.59 Significant accounting policies The most significant accounting policies used in the preparation of the Consolidated Financial Statements are described below. Oil and natural gas exploration, appraisal, development and production activities Oil and natural gas exploration, appraisal and development activities are accounted for using the principles of the successful efforts method of accounting as described below. Acquisition of exploration rights Costs incurred for the acquisition of exploration rights (or their extension) are initially capitalised within the line item “Intangible assets” as “exploration rights — unproved” pending determination of whether the exploration and appraisal activities in the reference areas are successful or not. Unproved exploration rights are not amortised, but reviewed to confirm that there is no indication that the carrying amount exceeds the recoverable amount. This review is based on the confirmation of the commitment of the Company to continue the exploration activities and on the analysis of facts and circumstances that indicate the absence of uncertainties related to the recoverability of the carrying amount. If no future activity is planned, the carrying amount of the related exploration rights is recognised in the profit and loss account as write-off. Lower value exploration rights are pooled and amortised on a straight-line basis over the estimated period of exploration. In the event of a discovery of proved reserves (i.e. upon recognition of proved reserves and internal approval for development), the carrying amount of the related unproved exploration rights is reclassified to “proved exploration rights”, within the line item “Intangible assets”. Upon reclassification, as well as whether there is any indication of impairment, the carrying amount of exploration rights to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration rights are amortised according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortisation”). Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalised in connection with the assets acquired (such as exploration potential, possible and probable reserves and proved reserves). When the acquisition is related to a set of exploration potential and reserves, the cost is allocated to the different assets acquired based on their expected discounted cash flows. Acquired exploration potential is measured in accordance with the criteria illustrated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortised according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortised until classified as proved reserves; in case of a negative result of the subsequent appraisal activities, it is written off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognised as an expense as incurred. Costs directly associated with an exploration well are initially recognised within tangible assets in progress, as “exploration and appraisal costs — unproved” (exploration wells in progress) until the drilling of the well is completed and can continue to be capitalised in the following 12-month period pending the evaluation of drilling results (suspended exploration wells). If, at the end of this period, it is ascertained that the result is negative (no hydrocarbon found) or that the discovery is not sufficiently significant to justify the development, the wells are declared dry/unsuccessful and the related costs are written-off. Conversely, these costs continue to be capitalised if and until: (i) the well has found a sufficient quantity of reserves to justify its completion as a producing well, and (ii) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project; on the contrary, the capitalised costs are recognised in the profit and loss account as write-off. Analogous recognition criteria are adopted for the costs related to the appraisal activity. When proved reserves of oil and/or natural gas are determined, the relevant expenditure recognised as unproved is reclassified to proved exploration and appraisal costs within tangible assets in progress. Upon reclassification, or when there is any indication of impairment, the carrying amount of the costs to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration and appraisal costs are depreciated according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Development costs Development costs, including the costs related to unsuccessful and damaged development wells, are capitalised as “Tangible asset in progress — proved”. Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas. They are amortised, from the commencement of production, generally on a UOP basis. When development projects are unfeasible/not carried on, the related costs are written off when it is decided to abandon the project. Development costs are tested for impairment in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. UOP depreciation, depletion and amortisation Proved oil and gas assets are depreciated generally under the UOP method, as their useful life is closely related to the availability of proved oil and gas reserves, by applying, to the depreciable amounts at the end of each quarter a rate representing the ratio between the volumes extracted during the quarter and the reserves existing at the end of the quarter, increased by the volumes extracted during the quarter. This method is applied with reference to the smallest aggregate representing a direct correlation between expenditures to be depreciated and oil and gas reserves. Proved exploration rights and acquired proved mineral interests are amortised over proved reserves; proved exploration and appraisal costs and development costs are depreciated over proved developed reserves, while common facilities are depreciated over total proved reserves. Proved reserves are determined according to U.S. SEC rules that require the use of the yearly average oil and gas prices for assessing the economic producibility; material changes in reference prices could result in depreciation charges not reflecting the pattern in which the assets’ future economic benefits are expected to be consumed to the extent that, for example, certain non-current assets would be fully depreciated within a short term. In these cases the reserves considered in determining the UOP rate are estimated on the basis of economic viability parameters, reasonable and consistent with management’s expectations of production, in order to recognise depreciation charges that more appropriately reflect the expected utilization of the assets concerned. Production costs Production costs are those costs incurred to operate and maintain wells and field equipment and are recognised as an expense as incurred. Production Sharing Agreements and service contracts Oil and gas reserves related to Production Sharing Agreements are determined on the basis of contractual terms related to the recovery of the contractor’s costs to undertake and finance exploration, development and production activities at its own risk (Cost Oil) and the Company’s stipulated share of the production remaining after such cost recovery (Profit Oil). Revenues from the sale of the lifted production, against both Cost Oil and Profit Oil, are accounted for on an accrual basis, whilst exploration, development and production costs are accounted for according to the above-mentioned accounting policies. A similar scheme applies to the service contracts where the Group is entitled to a share of the production as consideration for the rendered service. The Company’s share of production volumes and reserves includes the share of hydrocarbons that corresponds to the taxes to be paid, according to the contractual agreement, by the national government on behalf of the Company. As a consequence, the Company has to recognise at the same time an increase in the taxable profit, through the increase of the revenue, and a tax expense. Plugging and abandonment of wells Costs expected to be incurred with respect to the plugging and abandonment of a well, dismantlement and removal of production facilities, as well as site restoration, are capitalised, consistent with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Significant accounting estimates and judgments: oil and natural gas activities Engineering estimates of the Company’s oil and gas reserves are inherently uncertain. Proved reserves are the estimated volumes of crude oil, natural gas and gas condensates, liquids and associated substances which geological and engineering data demonstrate that can be economically producible with reasonable certainty from known reservoirs under existing economic conditions and operating methods. Although there are authoritative guidelines regarding the engineering and geological criteria that must be met before estimated oil and gas reserves can be categorised as “proved”, the accuracy of reserve estimates depends on a number of factors, assumptions and variables, including: (i) the quality of available geological, technical and economic data and their interpretation and judgment; (ii) projections regarding future rates of production and operating costs and development costs; (iii) changes in the prevailing tax rules, other government regulations and contractual conditions; (iv) results of drilling, testing and the actual production performance of the Company’s reservoirs after the date of the estimates which may drive substantial upward or downward revisions; and (v) changes in oil and natural gas commodity prices which could affect expected future cash flows and the quantities of the Company’s proved reserves since the estimates of reserves are based on prices and costs existing as of the date when these estimates are made. Lower oil prices or the projections of higher operating and development costs may impair the ability of the Company to economically produce reserves leading to downward reserve revisions. Many of the factors, assumptions and variables involved in estimating proved reserves a |
Primary financial statements
Primary financial statements | 12 Months Ended |
Dec. 31, 2022 | |
Primary financial statements | |
Primary financial statements | 2 Primary financial statements Assets and liabilities on the balance sheet are classified as current and non-current. Items in the profit and loss account are presented by nature. The balance sheet and the profit and loss account are the same of the ones used in the previous reporting period, except for the retitling of the line items “Financial assets held for trading” and “Net finance income (expense) on financial assets held for trading”, respectively, “Financial assets at fair value through profit or loss” and “Net finance income (expense) from financial assets at fair value through profit or loss”; such line items include, respectively, the carrying amounts and the related profit and loss effects of the liquidity portfolio managed and evaluated on a fair value basis, as well as of the financial assets held for trading. The statement of comprehensive income (loss) shows net profit integrated with income and expenses that are not recognised directly in the profit and loss account according to IFRSs. The statement of changes in equity includes the total comprehensive income (loss) for the year, transactions with owners in their capacity as owners and other changes in equity. The statement of cash flows is presented using the indirect method, whereby net profit (loss) is adjusted for the effects of non-cash transactions. |
Changes in accounting policies
Changes in accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Changes in accounting policies | |
Changes in accounting policies | 3 Changes in accounting policies The amendments to IFRSs effective from January 1, 2022 did not have a material impact on the Consolidated Financial Statements. |
IFRSs not yet adopted
IFRSs not yet adopted | 12 Months Ended |
Dec. 31, 2022 | |
IFRSs not yet adopted | |
IFRSs not yet adopted | 4 IFRSs not yet adopted On May 18, 2017, the IASB issued IFRS 17 “Insurance Contracts” (hereinafter IFRS 17), which replaces IFRS 4 “Insurance Contracts” and sets out the accounting for the insurance contracts issued and the reinsurance contracts held. IFRS 17 shall be applied for annual reporting periods beginning on or after January 1, 2023. On January 23, 2020, the IASB issued the amendments to IAS 1 “Classification of Liabilities as Current or Non-current” (hereinafter the amendments to IAS 1), which clarify how to classify debt and other liabilities as current or non-current. Further clarifications about the classification, as current or non-current, of liabilities with covenants have been provided by the amendments issued on October 31, 2022 (“Non-current Liabilities with Covenants”). The amendments shall be applied for annual reporting periods beginning on or after January 1, 2024. On February 12, 2021, the IASB issued: the amendments to IAS 1 “Disclosure of Accounting Policies” (hereinafter the amendments), aimed to provide clarifications on identifying the material accounting policies to be disclosed in the financial statements. The amendments shall be applied for annual reporting periods beginning on or after January 1, 2023; the amendments to IAS 8 “Definition of Accounting Estimates” (hereinafter the amendments), which introduce the definition of accounting estimates essentially to clarify how to distinguish changes in accounting policies from changes in accounting estimates. The amendments shall be applied for annual reporting periods beginning on or after January 1, 2023. On May 7, 2021, the IASB issued the amendments to IAS 12 “Deferred Tax related to Assets and Liabilities arising from a Single Transaction” (hereinafter the amendments), aimed to require companies to recognise deferred tax on particular transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. The amendments shall be applied for annual reporting periods beginning on or after January 1, 2023. On September 22, 2022, the IASB issued the amendments to IFRS 16 “Lease Liability in a Sale and Leaseback” (hereinafter the amendments), aimed to clarify the subsequent measurement of lease liabilities arising from sale and leaseback transactions. The amendments shall be applied for annual reporting periods beginning on or after January 1, 2024. Eni is currently reviewing the IFRSs not yet adopted in order to determine the likely impact on the Consolidated Financial Statements. |
Business combinations and other
Business combinations and other significant transactions | 12 Months Ended |
Dec. 31, 2022 | |
Business combinations and other significant transactions | |
Business combinations and other significant transactions | 5 Business combinations and other significant transactions Acquisitions In 2022 Eni finalized acquisitions for a total consideration of €1,667 million, assuming net financial liabilities for € 541 million , of which cash and cash equivalents for €31 million. On January 12, 2022, Eni finalized the 100% acquisition of the company SKGR Energy Single Member SA ( now Eni Plenitude Renewables Hellas Single Member SA) , which owns a pipeline of photovoltaic projects totalling around 800 MW in Greece. The total cash consideration of the transaction amounted to €51 million with assumption of net financial liabilities for €1 million. The price allocation of net assets acquired was made on a definitive basis with recognition of goodwill for €52 million . The acquisition is part of the Plenitude business line. On Febr uary 18 , 2022, Eni finalized the acquisition of the Corazon I Solar plant with 266 MW of capacity, in Texas (USA). The transaction comprised a storage facility with a capacity of 200 to 400 MW, and the Guajillo storage project, which is expected to become operational before the end of 2023. The total cash consideration of the transaction amounted to € 121 million with assumption of net financial liabilities for € 88 million , of which cash and cash equivalents totaled €2 million. The price allocation of net assets acquired was made on a definitive basis with out r ecognition of goodwill. The acquisition is part of the Plenitude business line. On August 4 , 202 2 Eni finalized the acquisition of 100% of the company Energía Eólica Boreas SLU, with a generation capacity of 104.5 MW . The cash consideration of the transaction amounted to € 87 million , net of €16 million advance paid in 2021, with a ssumption of net financial liabilities for € 59 million , of which cash and cash equivalents totaled €12 million . The price allocation of net assets acquired was made on a provisional basis with recognition of goodwill for €18 million. The acquisition is part of the Plenitude business line. On August 26, 2022, the acquisition of a 100 % stake in the company Export LNG Ltd which owns the Tango FLNG floating liquefaction plant was finalized. The plant has a treatment capacity of approximately 3 million standard cubic metres/day and an LNG production capacity of approximately 0.6 million tonnes/year (approximately 1 billion standard cubic metres/year). The acquisition is part of the Exploration & Production sector. On December 29, 2022, Eni finalized the acquisitions from Italian group PLT of PLT Energia Srl and SEF Srl, engaged in the production of electricity from renewables and in supplying energy to retail customers, with generation capacity of over 400 MW . The total cash consideration of the transactions amounted to € 750 million, with a assumption of net financial liabilities for € 390 million , of which the cash and cash equivalents totaled € 17 million . The price allocation of net assets acquired for each transaction was made on a provisional basis with total recognition of goodwill for € 412 million. These acquisitions are part of the Plenitude business line. B alance sheet values at the acquisition date of the business combinations realized in 202 2 are shown in the following table: SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA) Corazon I / Guajillo Energía Eólica Boreas SLU Export LNG Ltd PLT (PLT Energia Srl and SEF Srl) Other acquisitions and business combinations Total Cash and cash equivalents 2 12 17 31 Current financial assets 11 11 Other current assets 1 1 145 147 Current assets 3 13 173 189 Property, plant and equipment 189 100 650 532 1 1,472 Goodwill 52 18 412 482 Other non-current assets 45 157 288 19 509 Non-current assets 52 234 275 650 1,232 20 2,463 TOTAL ASSETS 52 237 288 650 1,405 20 2,652 Current financial liabilities 3 4 79 86 Other current liabilities 1 3 166 1 171 Current liabilities 4 4 3 245 1 257 Non-current financial liabilities 1 87 67 339 3 497 Provisions 7 7 14 Deferred tax liabilities 15 63 78 Other non-current liabilities 3 99 1 103 Non-current liabilities 1 97 181 410 3 692 TOTAL LIABILITIES 1 101 185 3 655 4 949 Equity attributable to Eni 51 121 103 647 750 16 1,688 Non-controlling interest 15 15 TOTAL EQUITY 51 136 103 647 750 16 1,703 TOTAL LIABILITIES AND EQUITY 52 237 288 650 1,405 20 2,652 The qualitative factors that make up the goodwill recognized within the Plenitude business line are disclosed in Note 14 - Intangible assets. For transactions where the purchase allocations are provisional as of December 31, 2022, not all relevant information has been obtained by the Company in order to finalize related estimates of the fair values of certain assets and liabilities acquired. Information about the definitive purchase price allocation of business combinations made in 2021 is provided in note 27 ‐ Other Information. Divestments In 2022 Eni finalized divestments for a total consideration of €10 million and a cquisition of interests in joint ventures of €5,726 million, dismissing net financial liabilities for € 2,085 million , of which cash and cash equivalents for €70 million . On August 1, 2022, bp and Eni finalized the establishment of Azule Energy Holdings Ltd, a 50/50 joint venture combining the two partners' Angolan hydrocarbon exploration and production assets. The transaction resulted in the loss of control of Eni Angola SpA, Eni Angola Exploration BV and Eni Angola Production BV which were contributed to Azule Energy Holdings Ltd in exchange of a 50% stake in the new entity and, consequently, determined the derecognition of net assets and liabilities of €5,183 million, of which net financial liabilities of € 1,756 million including cash and cash equivalents of €35 million. It was determined that the fair value of these shares at the date of the transaction was €7,130 million, and the transaction resulted in a gain on disposal of €3,556 million, of which €1,778 million (50%) has been eliminated against the investment on the balance sheet and will be amortised over time. This resulted in a carrying amount of the investment of €5,352 million at the date of the transaction. A gain from the reversal of the reserve for exchange rate differences of €764 million was also recognized. Further, a former intercompany operating receivable financing to Azule Energy Holdings Ltd in the amount of €1,609 million was recognized upon loss of control; €1,310 million of this loan was repaid within 2022. On October 14, 2022, Eni dispos ed 100% of the consolidated company Eni North Sea Wind Ltd which own ed a 20% interest in the Dogger Bank A, B and C projects in the United Kingdom to the Norwegian joint venture Vårgrønn AS (Eni's interest 65%). The three phases of the project (A, B and C) provide for a total installed capacity of 3.6 GW (720 MW in Vårgrønn ’s interest ). The transaction resulted in the loss of control of Eni North Sea Wind Ltd which was contribut ed to Vårgrønn AS and the derecognition of net assets and liabilities of €368 million, of which net financial liabilities of €363 million, the recognition of an investment in Vårgrønn AS for €374 million, a gain of €74 million including the reversal to the income statement of the effects recognized in the comprehensive income reserves of €68 million, of which a loss from the reversal of the reserve for exchange rate differences of €33 million. On December 29, 2022, Eni disposed of the stakes in the Pakistan operations to Prime International Oil & Gas Company, the main Pakistan power producer. The assets sold consist ed of investments in eight gas development and production licenses in the Kithar Fold Belt and Middle Indus basins and four exploration licenses in the Middle Indus and Indus Offshore basins. The sale involved Eni AEP Ltd, Eni Pakistan Ltd, Eni Pakistan (M) Ltd Sàrl and Eni New Energy Pakistan (Private) Ltd and , consequent ly, determined the derecognition of net liabilities of €1 million, of which net financial assets of €27 million including cash and cash equivalents of €28 million, and the recognition in the income statement of a gain from the reversal of the reserve for exchange rate differences of €86 million. Balance sheet values of the divestments and/or business combinations realized in 2022 are shown in the following table: Azule Energy Holdings Ltd Vårgrønn AS Assets in Pakistan Other divestments Total Cash and cash equivalents 35 28 7 70 Current financial assets 221 221 Other current assets 1,266 106 5 1,377 Current assets 1,522 134 12 1,668 Property, plant and equipment 4,358 9 1 4,368 Other non-current assets 3,512 731 7 4,250 Non-current assets 7,870 731 16 1 8,618 TOTAL ASSETS 9,392 731 150 13 10,286 Current financial liabilities 302 173 475 Other current liabilities 990 58 3 1,051 Current liabilities 1,292 173 58 3 1,526 Non-current financial liabilities 1,710 190 1 1,901 Provisions 632 75 707 Deferred tax liabilities 528 528 Other non-current liabilities 47 17 1 65 Non-current liabilities 2,917 190 93 1 3,201 TOTAL LIABILITIES 4,209 363 151 4 4,727 Equity attributable to Eni 5,183 368 (1) 9 5,559 TOTAL EQUITY 5,183 368 (1) 9 5,559 TOTAL LIABILITIES AND EQUITY 9,392 731 150 13 10,286 |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents | |
Cash and cash equivalents | 6 Cash and cash equivalents Cash and cash equivalents of €10,155 million (€8,254 million at December 31, 2021) included financial assets with maturity of up to three months at the date of inception amounting to €6,804 million (€5,496 million at December 31, 2021) and mainly included deposits with financial institutions, having notice of more than 48 hours. Expected credit losses on deposits with banks and financial institutions measured at amortized cost were immaterial. Cash and cash equivalents mainly consisted of deposits in euros (€5,143 million) and in US dollars (€4,134 million) representing the use of cash on hand in the market for the financial needs of the Group. Restricted cash amounted to approximately €97 million (€115 million at December 31, 2021) in relation to foreclosure measures by third parties and obligations relating to the payment of debts. The average maturity of financial assets originally due within 3 months was 12 days with an effective interest rate of 1.75% for bank deposits in euros (€3,631 million) and 21 days with an effective interest rate of 4.43% for bank deposits in U.S. dollars (€2,581 million). |
Financial assets at fair value
Financial assets at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through profit or loss | |
Financial assets at fair value through profit or loss | 7 F inancial assets at fair value through profit or loss ( € million) December 31, 2022 December 31, 2021 Bonds issued by sovereign states 1,244 1,149 Other 5,243 5,152 Financial assets held for trading 6,487 6,301 Other financial assets at fair value through profit or loss Other 1,764 Total financial assets at fair value through profit or loss 8,251 6,301 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 with the aim of optimizing returns, within a predefined and authorized level of risk threshold, targeting the preservation of the invested capital and the ability to promptly convert it into cash. Financial assets held for trading include securities subject to lending agreements of €1,090 million (€1,398 million at December 31, 2021). The breakdown by currency is provided below: (€ million) December 31, 2022 December 31, 2021 Financial assets held for trading Euro 3,599 3,913 U.S. dollars 2,885 2,336 Other currencies 3 52 6,487 6,301 Other financial assets at fair value through profit or loss Euro 1,201 U.S. dollars 563 1,764 8,251 6,301 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 152 148 Baa3 BBB United States of America 301 300 Aaa AA+ Spain 179 179 Baa1 A Chile 125 120 A2 A France 75 76 Aa2 AA Germany 60 60 Aaa AAA Other (*) 149 147 from Aaa to A3 1,041 1,030 Floating rate bonds Italy 205 207 Baa3 BBB Other 7 7 Aaa AAA 212 214 Total quoted bonds issued by sovereign states 1,253 1,244 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,210 1,195 from Aa1 to Baa3 Quoted bonds issued by financial and insurance companies 804 762 from Aaa to Baa3 Other bonds 1,041 1,039 from Aaa to Baa3 3,055 2,996 Floating rate bonds Quoted bonds issued by industrial companies 643 647 from Aa2 to Baa3 Quoted bonds issued by financial and insurance companies 998 988 from Aa1 to Baa3 Other bonds 610 612 from Aaa to Baa2 2,251 2,247 Total other bonds 5,306 5,243 Total other financial assets held for trading 6,559 6,487 Other financial assets at fair value through profit or loss 1,781 1,764 Aaa AAA 8,340 8,251 (*) Amounts included herein are lower than €50 million. Other financial assets at fair value through profit or loss consisted of investments in Money Market funds. The fair value hierarchy is level 1 for € 4,749 million and level 2 for € 3,502 million. During 202 2 , there were no significant transfers between the different hierarchy levels of fair value. |
Trade and other receivables
Trade and other receivables | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other receivables | |
Trade and other receivables | 8 Trade and other receivables (€ million) December 31, 2022 December 31, 2021 Trade receivables 16,556 15,524 Receivables from divestments 301 8 Receivables from joint ventures in exploration and production activities 1,645 1,888 Other receivables 2,338 1,430 20,840 18,850 Generally, trade receivables do not bear interest and provide payment terms within 180 days T he increase in t rade receivables of € 1,032 million referred to the segment s Refining & Marketing and Chemical for € 408 million, Plenitude & Power for €313 million, Global Gas & LNG Portfolio for € 350 million, and reflect ed the noticeable increase in the prices of energy commodities which increased the nominal value of the receivables. At December 31, 20 2 2 , Eni divested without recourse receivables due in 20 2 3 with a nominal value of € 2,212 million (€ 2,059 million at December 31, 202 1 due in 202 2 ). Derecognized receivables in 202 2 related to the segments Global Gas & LNG Portfolio for € 970 million, Refining & Marketing and Chemical segment for € 928 million and Plenitude & Power segment for € 314 million. At December 31, 2022, a trade receivable for the supply of natural gas to the customer Acciaierie d'Italia (ex-ILVA) wa s outstanding for an amount of €373 million, past due and subject to a repayment plan. A parent company guarantee has been issued by the shareholders of the debtor , which cover the entire amount of the receivable . A risk provision was accrued to account for the time value of the receivable and other counterparty risks, reflecting a higher probability of default of commercial partners in the current economic environment . Receivables from joint ventures in exploration and production activities included amounts past due of € 611 million (€ 681 million at December 31, 20 2 1 ) in connection with Eni’s activities in Nigeria. Those receivables were in respect to the share of development costs of the joint operators in oil projects operated by Eni , where the Company was bear ing upfront all the costs of the initiative and was billing the partners ’share through a cash call mechanism. A t the balance sheet date , t he overdue amount relating to net receivables due to Eni by the Nigerian state oil company NNPC wa s € 475 million (€ 474 million at December 31, 202 1 ). Approximately a quarter of this amount relate d to past receivables covered by a r epayment plan which was awarding Eni the share of profit oil of the state-owned company in low-risk "rig-less" development initiatives with total collection expected by 2024. The residual credit at the end of the year has been discounted. The remaining amounts relate to the net receivables accrued for 2022 operations . In 2022, a cash call exposure towards a private ly held Nigerian oil company amount ed to € 242 million ( € 195 million at December 31, 20 2 1 ) , whose amounts w ere stated net of a provision based on the loss given default (LGD) estimated by Eni for defaulting international oil companies. During 202 2 , the partner suspended the payments of the cash calls, claim ing inaccuracy of the billed amounts. Arbitration procedures have been started for the resolution of the dispute. Receivables from other counterparties comprised several miscellaneous items. The largest amounts were : (i) the re coverable amount of € 566 million (€ 538 million at December 31, 20 2 1 ) of overdue trade receivables owed to Eni by the state-owned oil company of Venezuela, PDVSA, in relation to equity volumes of natural gas supplied by the joint venture Cardón IV, equally participated by Eni and Repsol . Those trade receivables were divested by the joint venture to the two shareholders . The receivables were stated net of an allowance for doubtful accounts , calculated with an expected credit loss rate of about 53% to discount the sovereign default risk assuming a structural delay in collecting natural gas invoices. This risked ratio was applied to assess recoverability of the carrying amount of the investment and of the long-term interest in the initiative, as described in note 17 - Other financial assets . During the year, under the approval of US authorities within the context of the sanctions framework against Venezuela, receivable from offsetting-transaction operations were carried out by lifting crude oil volumes of PDVSA for 3.1 million barrels, thus capping the expected increase in overdue amounts; (ii) €309 million of receivables owed to Eni by Italian local distributors of natural gas and electricity to account for the financial support granted by the Italian State to low-income households by reducing the burden of energy bills, resulting in the Company collecting lower amounts than what has been billed to natural gas and electricity customers with the balance due to be reimbursed by distributors; (iii) prepayments for services of €278 million (€208 million at December 31, 2021); (iv) €239 million of the amounts to be received from customers following the triggering of the take-or-pay clause of long-term natural gas supply contracts; (v) €193 million of receivables from factoring companies. The remaining amount was composed of miscellaneous items for approximately €753 million. Trade and other receivables stated in euro a nd U.S. dollars amounted to € 13,650 million and € 6,102 million, respectively. Credit risk exposure and expected losses relating to trade and other receivables has been prepared on the basis of internal ratings as follows: Performing receivables Defaulted receivables Plenitude customers Total (€ million) Low Medium Risk High Risk December 31, 2022 Business customers 4,815 7,970 378 1,583 14,746 National Oil Companies and Public Administrations 215 852 2,248 3,315 Other counterparties 1,673 725 13 122 3,200 5,733 Gross amount 6,703 9,547 391 3,953 3,200 23,794 Allowance for doubtful accounts (23 ) (169 ) (15 ) (2,176 ) (571 ) (2,954 ) Net amount 6,680 9,378 376 1,777 2,629 20,840 Expected loss (% net of counterpart risk mitigation factors) 0.4 1.8 3.8 55.0 17.8 12.4 December 31, 2021 Business customers 4,348 6,628 818 1,560 13,354 National Oil Companies and Public Administrations 331 884 1 2,674 3,890 Other counterparties 1,854 311 16 137 2,601 4,919 Gross amount 6,533 7,823 835 4,371 2,601 22,163 Allowance for doubtful accounts (25 ) (416 ) (69 ) (2,209 ) (594 ) (3,313 ) Net amount 6,508 7,407 766 2,162 2,007 18,850 Expected loss (% net of counterpart risk mitigation factors) 0.4 5.3 8.3 50.5 22.8 14.9 The classification of the Company’s customers and counterparties and the definition of the classes of counterparty risk are disclosed in note 1 – Significant accounting policies, estimates and judgements. The assessments of the recoverability of trade receivables for the supply of hydrocarbons, products and power to retail, business customers and national oil companies and of receivables towards joint operators of the Exploration & Production segment for cash calls (national oil companies, local private operators or international oil companies) are reviewed at each annual deadline to reflect the current economic environment and business trends, as well as any possible increase in the counterparty risks. The gradual recovery of worldwide economies from the fallout caused by COVID-19 crisis and the improvement in the oil scenario have lessened the debt burden of many state oil companies, with the exception of Venezuela due to specific factors relating to the sanctioning framework. On the other hand, the significant increase in the prices of natural gas and electricity significantly increased the Company’s exposures towards large industrial accounts, requiring an upward revision in the credit loss rate to incorporate an increased economic risk. With regard to customers of the Plenitude business line, the recoverability assessment was based on the most updated information relating the performance in credit collection and the ageing of overdue amounts. The exposure to credit risk and expected losses relating to customers of Plenitude was assessed based on a provision matrix as follows: Ageing (€ million) Not-past due from 0 to 3 months from 3 to 6 months from 6 to 12 months over 12 months Total December 31, 2022 Plenitude customers: - Retail 1,508 74 35 63 203 1,883 - Middle 657 33 11 7 162 870 - Other 436 1 5 4 1 447 Gross amount 2,601 108 51 74 366 3,200 Allowance for doubtful accounts (83 ) (31 ) (31 ) (66 ) (360 ) (571 ) Net amount 2,518 77 20 8 6 2,629 Expected loss (%) 3.2 28.7 60.8 89.2 98.4 17.8 December 31, 2021 Plenitude customers: - Retail 1,291 70 55 92 337 1,845 - Middle 424 22 5 7 188 646 - Other 57 43 6 1 3 110 Gross amount 1,772 135 66 100 528 2,601 Allowance for doubtful accounts (63 ) (22 ) (27 ) (52 ) (430 ) (594 ) Net amount 1,709 113 39 48 98 2,007 Expected loss (%) 3.6 16.3 40.9 52.0 81.4 22.8 The following table analyses the allowance for doubtful accounts for trade and other receivables. (€ million) 2022 2021 Allowance for doubtful accounts - beginning of the year 3,313 3,157 Additions for trade and other performing receivables 166 202 Additions for trade and other defaulted receivables 253 348 Utilizations for trade and other performing receivables (37 ) (135 ) Utilizations for trade and other defaulted receivables (758 ) (421 ) Other changes 17 162 Allowance for doubtful accounts - end of the year 2,954 3,313 The allowance for doubtful accounts was determined considering mitigation factors of the counterparty risk amounting to €5,744 million (€5,350 million at December 31, 2021), which included escrow accounts, insurance policies, sureties and bank guarantees. Additions to allowance for doubtful accounts for trade and other performing receivables related to : (i) the Global Gas & LNG Portfolio segment for € 70 million (€ 94 million in 202 1 ) as a consequence of the noticeable increase in the exposure due to market conditions ; ( ii) t he Plenitude business line for € 61 million (€ 71 million in 202 1 ), mainly in the retail business . Additions to allowance for doubtful accounts for trade and other defaul ted receivables related to : (i) the Exploration & Production segment for € 122 million (€ 229 million in 202 1 ) for receivables towards joint operators, state oil companies and local private companies for cash calls in oil projects operated by Eni; (ii) to the Plenitude business line for € 99 million (€ 101 million in 20 2 1 ) , particularly in the retail business. Utilizations of allowance for doubtful accounts for trade and other performing and defaulted receivables amounted to € 795 million and mainly related to : (i) the Exploration & Production segment for €455 million of unused provisions primarily due to the settlement of a dispute relating to the recognition of past investment costs by the state-owned company NNPC in Nigeria, which were completely provisioned in previous reporting periods. Other utilizations were made to consider the in-kind reimbursement of part of the overdue receivables owed to Eni by the state-owned company PDVSA in Venezuela during the year; (ii) the Plenitude business line for €184 million, in particular utilizations against charges of €121 million. Net (impairment s ) reversals of trade and other receivables are disclosed as follows: (€ million) 2022 2021 2020 New or increased provisions ( 419 ) ( 550 ) ( 343 ) Net credit losses ( 81 ) ( 66 ) ( 36 ) Reversals 547 337 153 Net (impairments) reversals of trade and other receivables 47 ( 279 ) ( 226 ) Receivables with related parties are disclosed in note 36 – Transactions with related parties. |
Current and non-current invento
Current and non-current inventories | 12 Months Ended |
Dec. 31, 2022 | |
Current and non-current inventories | |
Current and non-current inventories | 9 Current and non-current i nventories Current inventories are disclosed as follows: (€ million) December 31, 2022 December 31, 2021 Raw and auxiliary materials and consumables 1,228 1,001 Components and spare parts for drilling operations, plans and equipment 1,515 1,611 Finished products and goods 4,962 3,452 Other 4 8 Current inventories 7,709 6,072 Raw and auxiliary materials and consumables include oil-based feedstock and other consumables pertaining to refining and chemical activities. Components to be consumed in drilling activities and spare parts of the Exploration & Production se gment amounted to € 1,387 million (€1,481 million at December 31, 202 1 ) . Finished products and goods included natural gas and oil products for € 3,818 million (€ 2,414 million at December 31, 202 1 ) and chemical products for € 790 million (€ 626 million at December 31, 202 1 ) . Inventories are stated net of write - down provisions of € 672 million (€ 570 million at December 31, 202 1 ) . Non-current i nventories of €1,786 million (€1,053 million at December 31, 2021) are held for compliance pu rposes and related to Italian subsidi aries for € 1,764 million (€ 1,032 million at December 31, 202 1 ) in accordance with minimum stock requirements for oil and petroleum product s set forth by applicable laws. The increase in current and non-current inventories was essentially due to the recovery in oil and hydrocarbons prices. Natural gas i nventories of € 750 million were pledged to guarantee the potential imbalance exposure towards Snam SpA. |
Income tax receivables and paya
Income tax receivables and payables | 12 Months Ended |
Dec. 31, 2022 | |
Income tax receivables and payables | |
Income tax receivables and payables | 10 I ncome tax receivables and payables (€ million) December 31, 2022 December 31, 2021 Receivables Payables Receivables Payables Current Non-current Current Non-current Current Non-current Current Non-current Income taxes 317 114 2,108 253 195 108 648 374 Income taxes are described in note 33 — Income taxes. Non-current income tax payables include the likely outcome of pending litigation with tax authorities in relation to uncertain tax matters relating to foreign subsidiaries of the Exploration & Production segment for €206 million (€230 million at December 31, 2021). |
Other assets and liabilities
Other assets and liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Other assets and liabilities | |
Other assets and liabilities | 11 Other assets and liabilities December 31, 2022 December 31, 2021 (€ million) Assets Liabilities Assets Liabilities Current Non-current Current Non-current Current Non-current Current Non-current Fair value of derivative financial instruments 11,076 129 9,042 286 12,460 51 12,911 115 Contract liabilities 1,145 706 482 726 Other Taxes 807 157 1,463 34 442 182 1,435 27 Other 938 1,950 823 2,208 732 796 928 1,378 12,821 2,236 12,473 3,234 13,634 1,029 15,756 2,246 The fair value related to derivative financial instruments is disclosed in note 24 – Derivative financial instruments and hedge accounting. Assets related to other taxes included VAT for €569 million, of which €432 million are current, and advances made in December (€498 million at December 31, 2021, of which €340 million current). Other assets include: (i) tax credit current of €366 million (€110 million at December 31, 2021) and non-current of €903 million (€324 million at December 31, 2021) deriving from certain Italian tax measures to incentivize the renovation of residential buildings and energy saving by entitling contractors with a credit equal to the whole amount of works. The activity of building renovation was being performed by the subsidiary Plenitude who has been acting as lead contractor in many of those works. Those tax credits can be used to offset the settlement of income and other taxes; (ii) gas volumes prepayments that were made in previous years due to the take-or-pay obligations in relation to the Company’s long-term supply contracts, whose underlying current portion Eni plans to recover within the next 12 months for €41 million (same amount as of December 31, 2021), and beyond 12 months for €357 million (€94 million at December 31, 2021); (iii) current Contract liabilities included: (i) advances received from customers for future gas supplies for €538 million (€77 million at December 31, 2021); (ii) advances received from Società Oleodotti Meridionali SpA for the infrastructure upgrade of the crude oil transport system at the Taranto refinery for €430 million (€391 million at December 31, 2021); (iii) prepaid electronic fuel vouchers for €338 million (€242 million at December 31, 2021); (iv) advances received from Revenues recognized during the year related to contract liabilities stated at December 31, 2022 are indicated in note 29 – Revenues and other income. Liabilities related to other current taxes include excise duties and consumer taxes for €613 million (€700 million at December 31, 2021) and VAT liabilities for €332 million (€248 million at December 31, 2021). Other liabilities included: (i) non-current payables to factoring companies connected with the transfer of the abovementioned tax credit for €758 million (€240 million at December 31, 2021); (ii) current overlifting imbalances of the Exploration & Production segment for €479 million (€630 million at December 31, 2021); (iii) the value of gas paid and undrawn by customers due to the triggering of the take-or-pay clause provided for by the relevant long-term contracts for € 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, 2022 | |
Property, plant and equipment | |
Property, plant and equipment | 1 2 Property, plant and equipment (€ million) Land and buildings E&P wells, plant and machinery Other plant and machinery E&P exploration assets and appraisal E&P tangible assets in progress Other tangible assets in progress and advances Total 2022 Net carrying amount - beginning of the year 1,071 42,342 3,850 1,244 6,545 1,247 56,299 Additions 22 132 456 655 5,471 964 7,700 Depreciation capitalized 11 179 190 Depreciation (*) (51 ) (5,467 ) (554 ) (6,072 ) Reversals 3 40 191 141 38 413 Impairments (21 ) (313 ) (485 ) (149 ) (414 ) (1,382 ) Write-off (1 ) (2) (365 ) (218 ) (586 ) Currency translation differences 2 2,422 55 74 364 9 2,926 Initial recognition and changes in estimates (173 ) 2 (7 ) 98 (80 ) Changes in the scope of consolidation - included entities 9 650 695 118 1,472 Changes in the scope of consolidation - excluded entities (1 ) (3,687 ) (6 ) (119 ) (546 ) (4,359 ) Transfers 41 4,403 425 (149 ) (4,254 ) (466 ) Other changes 14 143 (347 ) 1 (4 ) 4 (189 ) Net carrying amount - end of the year 1,088 40,492 4,280 1,345 7,627 1,500 56,332 Gross carrying amount - end of the year 4,255 143,433 31,327 1,345 11,787 3,665 195,812 Provisions for depreciation and impairments 3,167 102,941 27,047 4,160 2,165 139,480 2021 Net carrying amount - beginning of the year 1,128 39,648 3,299 1,341 7,118 1,409 53,943 Additions 18 8 277 380 3,413 854 4,950 Depreciation capitalized 28 90 118 Depreciation (*) (49 ) (5,421 ) (496 ) (5,966 ) Reversals 1,080 118 337 1,535 Impairments (101 ) (90 ) (768 ) (85 ) (582 ) (1,626 ) Write-off (1 ) (2 ) (331 ) (18 ) (352 ) Currency translation differences 2 2,956 66 106 546 12 3,688 Initial recognition and changes in estimates 200 (9 ) 4 195 Changes in the scope of consolidation 22 1,001 (199 ) (1,119 ) 43 (252 ) Transfers 50 3,841 409 (44 ) (3,797 ) (459 ) Other changes 2 120 (54 ) (28 ) 56 (30 ) 66 Net carrying amount - end of the year 1,071 42,342 3,850 1,244 6,545 1,247 56,299 Gross carrying amount - end of the year 4,175 149,117 30,618 1,244 10,485 3,107 198,746 Provisions for depreciation and impairments 3,104 106,775 26,768 3,940 1,860 142,447 (*) Before capitalization of depreciation of tangible assets Capital expenditures included capitalized fin ance expenses of € 38 million (€ 68 million in 2021 ) related to the Explo ration & Production segment for € 22 million (€54 million in 2021 ) at an interest rate of 2.1 % ( 0.4 % to 2.1 % at December 31, 2021 ) . Capital expenditures primarily related to the Exploration & Production segment for € 6,295 million (€3,843 million in 2021 ) . Expenditures to purchase plant and equipment from suppliers whose payment terms matched classification as financing payables, have been recognized among other changes (€61 million). Capital expenditures by industry segment and geographical area of destination are reported in note 35 – Segment information and information by geographical area. Depreciation other than that of Oil & Gas plants, relating to biorefineries, petrochemical plants, thermoelectric plants, photovoltaic or wind power systems, and other ancillary assets are calculated on a straight-line basis, based on their economic-technical lives. The main depreciation rates adopted are included in the following ranges and have remained unchanged compared to 2021: (%) Buildings 2 - 10 Refining and chemical plants 3 - 17 Gas pipelines and compression stations 4 - 12 Power plants 3 - 5 Other plant and machinery 6 - 12 Industrial and commercial equipment 5 - 25 Other assets 10 - 20 P lants and equipment used in the extraction and treatment of hydrocarbons we re depreciated according to the UOP method, where depreciation depends on production of the estimated proved reserves according to the US Securities & Exchange Commission “SEC” criteria (see note 1 – Accounting standards, accounting estimates and significant judgements, section Valuation criteria – Mining activity – UOP depreciation). The production plans associated with the existing assets would gradually deplete the SEC proved reserves recorded at the balance sheet date, which are expected to be produced within about ten years. Asset impairment losses were recognized at petrochemical plants for production of basic chemicals and intermediates (€385 million) due to lower future expected cash flows driven by a deteriorated industry outlook and Oil & Gas properties (€ 279 million) due to downward reseves and costs revisions. Pre-development costs related to projects considered no longer economical (€190 million) were written-off, as expenditures incurred for compliance and stay-in-business at CGUs of the refining sector, which were impaired in previous reporting periods and continued lacking any profitability prospects (€330 million) . More information about Eni's impairment review and the sensitivity of the outcome to different commodities scenarios is reported in note 15 – Reversals (Impairments) of tangible and intangible assets and right-of-use assets. C urrency translation differences related to subsidiaries utiliz ing the U.S. dollar as functional currency (€ 2,971 million). Initial recognition and change in estimate s include the decrease in the asset retirement cost of the tangible assets of the Exploration & Production sector , mainly due to discounting factors and the derecognition of the activities in Angola, partially offset by revised estimates of future decommissioning and restoration costs and recognition of social projects costs to be incurred in relation to the commitments undertaken between Eni SpA and the Basilicata region in relation to the oil development program in the Val d'Agri concession area. Changes in the scope of consolidation related : (i) for €4,358 million to the de recognition of Eni Angola SpA, Eni Angola Exploration BV and Eni Angola Production BV which were contributed to the joint venture Azule Energy Holdings Ltd ; (ii) for €650 million to the acquisition of the company Export LNG Ltd, owner of the Tango FLNG floating liquefaction vessel that is expected to be deployed in Congo, as part of a natural gas development project in Block Marine (iii) to the acquisition for €532 million of PLT Energia Srl and SEF Srl engaged in the production of electricity from renewable sources and in the supply of energy to retail customers ; (iv) for €189 million to the companies acquired as part of the Corazon and Guajillo projects; (iv) for €100 million to the acquisition of the company Energía Eólica Boreas SLU. More information on business combinations is provided in note 5 - Business combinations and other significant transactions . Other changes in other tangible assets related for €169 million to the definitive allocation of the purchase price of some acquisitions made in previous year for which the allocation of the price was made on a provisional basis. Transfers from E&P tangible assets in progress to E&P UOP wells, plant and equipment related for € 4,190 million to t he commissioning of wells, plants and machinery primarily in United States , Mexico, Egypt , Kazakhstan , Congo, Iraq, Italy and Nigeria . In 2022, e xploration and appraisal activities decreased by €365 million due to the write-offs of the capitalized costs of exploration wells in progress and completed pending economic and technical evaluation which were found to be unsuccessful, relating to initiatives in Libya, Egypt, Ivory Coast, Vietnam and Kenya. Exploration and apprais al activities related for € 1,085 million to the costs of suspended exploration wells pending final determination of commerciality based on management’s continuing commitment and for € 253 million to costs of exploration wells in progress at the end of the year. Changes relating to suspended wells are reported below : (€ million) 2022 2021 2020 Costs for exploratory wells suspended - beginning of the year 1,101 1,268 1,246 Increases for which is ongoing the determination of proved reserves 547 288 408 Amounts previously capitalized and expensed in the year (374 ) (286 ) (226 ) Reclassification to successful exploratory wells following the estimation of proved reserves (147 ) (43 ) (48 ) Disposals (2 ) (3 ) Changes in the scope of consolidation (114 ) (199 ) Currency translation differences 65 100 (112 ) Other changes 9 (24 ) Costs for exploratory wells suspended - end of the year 1,085 1,101 1,268 The following information relates to the stratification of the suspended wells pending final determination (age ing): 2022 2021 2020 (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) Costs capitalized and suspended for exploratory well activity - within 1 year 216 5.0 175 4.0 157 6.7 - between 1 and 3 years 246 4.9 269 12.2 250 11.0 - beyond 3 years 623 13.9 657 19.7 861 19.3 1,085 23.8 1,101 35.9 1,268 37.0 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 204 4.5 175 4.0 157 6.7 - fields for which the delineation campaign is in progress 579 11.3 567 17.9 631 14.9 - fields including commercial discoveries that proceeds to a FID 302 8.0 359 14.0 480 15.4 1,085 23.8 1,101 35.9 1,268 37.0 Suspended wells costs awaiting a final investment decision amounted to € 302 million and primarily related to initiatives in the main countries of presence ( Nigeria, Egypt , Indonesia, Congo and Algeria ). U nproved mineral interests , comprised in assets in progress of the Exploration & Production segment, inc lude the purchase price allocated to unproved reserves following business combinations or acquisition of individual properties. Unproved mineral interests were as follows: (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt United Arab Emirates Italy Total 2022 Carrying amount - beginning of the year 218 892 3 68 114 16 508 1,819 Additions 11 110 (2 ) 2 121 Net (impairments) reversals (28 ) 93 (56 ) 9 Reclassification to Proved Mineral Interest (6 ) (19 ) (12 ) (19 ) (56 ) Currency translation differences 14 55 (1 ) 4 6 1 31 110 Carrying amount - end of the year 198 958 95 16 211 3 520 2 2,003 2021 Carrying amount - beginning of the year 203 860 114 100 18 468 1,763 Additions 3 6 9 Net (impairments) reversals (1 ) 3 35 (2 ) 35 Reclassification to Proved Mineral Interest (48 ) (92 ) (1 ) (141 ) Currency translation differences 16 80 8 8 1 40 153 Carrying amount - end of the year 218 892 3 68 114 16 508 1,819 Unproved mineral interests comprised the Oil Prospecting License 245 property (“OPL 245”), offshore Nigeria, for € 920 million corresponding to the price paid in 2011 to the Nigerian Government to acquire a 50% interest in the asset . As of December 31 , 202 2 , the net book value of the property was € 1,250 million, including capitalized exploration costs and pre-development costs. The management considers that the legal risks due to allegations of international corruption in respect of the Resolution Agreement signed on April 29, 2011 by Eni to acquire the license have significantly declined following a favorable outcome of the judicial proceeding before an Italian court. A proceeding featuring an alleged indirect involvement of Eni’s subsidiary operating in Nigeria regarding OPL 245 is still pending before a Nigerian Court as disclosed in note 28 – Guarantees, Commitments and Risks – Legal proceedings. The exploration period of the license OPL 245 expired on May 11, 2021. Eni has applied for the conversion of the license into an Oil Mining Lease (OML) before the relevant Nigerian authorities to start the development of the reserves, having verified the contractual requirements and compliance with all terms and conditions. Given the inaction of the Nigerian authorities and a continuing deadlock, in 2020 Eni started an arbitration before an ICSID tribunal, the International Centre for Settlement of Investment Disputes, to preserve the value of the investment, claiming compensation of the asset's fair value. Eni believes to have solid arguments to support its claims and, on this basis, management has evaluated the book value of the assets to be recoverable. The asset recoverability has been also tested by estimating the asset's value-in-use assuming its conversion and the development of the reserves and discounting the expected cash flows at the country WACC (8%), also stress-testing the outcome by assuming further delays in the start-up of the activities. Accumulated provisions for impairments amounted to € 21,715 million (€20,796 million at December 31, 2021 ) . Property, plant and equipment include assets subject to operating leases for €380 million , essentially re lating to service stations of the Refining & Marketing business line . A s of December 31, 20 2 2 , Eni pledged property, plant and equipment for € 24 million to guarantee payment s of excise duties ( same amount as of December 31, 2021 ) . Government grants recorded as a decrease of property, plant and equipment amounted to € 115 million (€105 million at December 31, 2021 ) . Contractual commitments related to the purchase of property, plant and equipment are disclosed in note 28 – Guarantees, commitments and risks — Liquidity risk. Property, plant and equipment under concession arran gements are described in note 28 – Guarantees, commitments and risks. |
Right-of-use assets and lease l
Right-of-use assets and lease liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Right-of-use assets and lease liabilities | |
Right-of-use assets and lease liabilities | 1 3 Right-of-use assets and lease liabilities (€ million) Floating production storage and offloading vessels (FPSO) Drilling rig Naval facilities and related logistic bases for oil and gas transportation Motorway concessions and service stations Oil and gas distribution facilities Office buildings Vehicles Other Total 2022 Net carrying amount - beginning of the year 2,667 183 575 454 14 618 48 262 4,821 Additions 1,342 189 530 76 28 108 21 110 2,404 Depreciation (a) (226 ) (197 ) (303 ) (70 ) (13 ) (130 ) (21 ) (53 ) (1,013 ) Impairments (5 ) (5 ) (1 ) (7 ) (18 ) Reversals 14 14 Currency translation differences 239 12 10 3 3 267 Changes in the scope of consolidaion (1,878 ) (34 ) (39 ) (1 ) 73 (1,879 ) Other changes (2 ) (5 ) (100 ) (6 ) (5 ) (3 ) (5 ) (24 ) (150 ) Net carrying amount - end of the year 2,142 148 682 457 19 595 42 361 4,446 Gross carrying amount - end of the year 2,507 516 1,360 734 87 1,010 86 562 6,862 Provisions for depreciation and impairment 365 368 678 277 68 415 44 201 2,416 2021 Net carrying amount - beginning of the year 2,672 244 446 424 11 652 32 162 4,643 Additions 215 583 104 23 34 40 105 1,104 Depreciation (a) (217 ) (170 ) (274 ) (63 ) (11 ) (122 ) (22 ) (49 ) (928 ) Impairments (25 ) (6 ) (14 ) (14 ) (59 ) Currency translation differences 213 12 11 3 8 6 253 Changes in the scope of consolidaion (6 ) 116 110 Other changes (1 ) (118 ) (166 ) (8 ) 5 52 (2 ) (64 ) (302 ) Net carrying amount - end of the year 2,667 183 575 454 14 618 48 262 4,821 Gross carrying amount - end of the year 3,366 572 1,268 666 66 948 84 433 7,403 Provisions for depreciation and impairment 699 389 693 212 52 330 36 171 2,582 (a) Before capitalization of depreciation of tangible assets Right-of-use assets (RoU) of €4,446 million 18 years, The increase recorded in 2022 mainly referred to: (i) the Exploration & Production segment for €1,835 million relating to the start of operations of the FPSO vessel operating Area 1 offshore Mexico (€1,342 million), vessels and related logistics equipments for Oil & Gas transport (€223 million) and the rental of drilling rigs (€189 million); (ii) the Refining & Marketing business line for €357 million, relating in particular to the lease of vessels for shipping and storage activities of Eni Trade & Biofuels SpA (€252 million), new contracts and extension of existing contracts relating motorway concessions, land leases, service station leases and the car fleet dedicated to the car sharing business (€83 million); (iii) to the Corporate and other activities segment for €91 million relating to a new aircraft sold and repurchased through the leaseback agreement (€54 million) and leasing of assets for staff activities (company cars, IT, real estate) (€33 million); (iv) the Global Gas & LNG Portfolio sector for €82 million relating to LNG transport vessels (€78 million). Changes in the scope of consolidation referred for €1,952 million to the derecognition of the Angolan companies transferred to the JV Azule Energy Holdings Ltd and positive €73 million to the consolidation of the companies acquired from the Plenitude business line. The main leasing contracts signed for which the asset is not yet available concern: (i) a contract with a nominal value of €437 million relating to leasing of office buildings with an expiry date of 20 years including an extension option of 6 years; (ii) storage capacity and time charter vessels rental contracts of €268 million; (iii) contracts relating to new drilling rigs for €188 million. Main future cash outflows potentially due not reflected in the measurements of lease liabilities related to: (i) options for the extension or termination of lease for office buildings of €1,180 million; (ii) extension options related to service stations for the sale of oil products of €121 million; (iii) other extension options related to ancillary assets in the upstream business for €168 million. Liabilities for leased assets were as follows: (€ million) Current portion of long-term lease liabilities Long-term lease liabilities Total 2022 Carrying amount - beginning of the year 948 4,389 5,337 Additions 2,401 2,401 Decreases (980 ) (14 ) (994 ) Currency translation differences 43 242 285 Changes in the scope of consolidation (299 ) (1,654 ) (1,953 ) Other changes 1,172 (1,297 ) (125 ) Carrying amount - end of the year 884 4,067 4,951 2021 Carrying amount - beginning of the year 849 4,169 5,018 Additions 1,102 1,102 Decreases (934 ) (5 ) (939 ) Currency translation differences 38 231 269 Changes in the scope of consolidation 14 89 103 Other changes 981 (1,197 ) (216 ) Carrying amount - end of the year 948 4,389 5,337 Lease liabilities related for €494 million (€1,684 million at December 31, 2021) to the portion of the liabilities attributable to joint operators in Eni-led projects which will be recovered through the mechanism of the cash calls. Total cash outflows for leases consisted of the following: (i) cash payments for the principal portion of the lease liability for €994 million; (ii) cash payments for the interest portion of €315 million. Lease liabilities stated in U.S. dollars and euro amounted to €3,296 million and €1,491 million, respectively. Other changes in right-of-use assets and lease liabilities essentially related to early termination or renegotiation of lease contracts. Liabilities for leased assets with related parties are described in note 36 — Transactions with related parties. The amounts recognised in the profit and loss account consist of the following: (€ million) 2022 2021 2020 Other income and revenues Income from remeasurement of lease liabilities 6 18 12 6 18 12 Purchases, services and other Short-term leases 113 85 67 Low-value leases 27 31 37 Variable lease payments not included in the measurement of lease liabilities 14 14 7 Capitalized direct cost associated with self-constructed assets - tangible assets (5 ) (4 ) (2 ) 149 126 109 Depreciation and impairments Depreciation of RoU leased assets 1,013 928 928 Capitalized direct cost associated with self-constructed assets - tangible assets (186 ) (110 ) (96 ) Impairments of RoU leased assets 18 59 47 Reversals of RoU leased assets (14 ) 831 877 879 Finance income (expense) from leases Interests on lease liabilities (315 ) (304 ) (347 ) Capitalized finance expense of RoU leased assets - tangible assets 8 5 7 Net currency translation differences on lease liabilities (4 ) (34 ) 24 (311 ) (333 ) (316 ) |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets | |
Intangible assets | 14 Intangible assets (€ million) Exploration rights Industrial patents and intellectual property rights Other intangible assets with definite useful lives Intangible assets with definite useful lives Goodwill Other intangible assets with indefinite useful lives Total 2022 Net carrying amount - beginning of the year 913 155 845 1,913 2,862 24 4,799 Additions 53 28 275 356 356 Amortization (12 ) (74 ) (224 ) (310 ) (310 ) Impairments (14 ) (14 ) (153 ) (167 ) Write-off (13 ) (13 ) (13 ) Changes in the scope of consolidation (200 ) 391 191 482 673 Currency translation differences 54 1 55 11 66 Other changes (2 ) 67 120 185 (64 ) 121 Net carrying amount - end of the year 793 176 1,394 2,363 3,138 24 5,525 Gross carrying amount - end of the year 1,428 1,806 3,705 6,939 Provisions for amortization and impairment 635 1,630 2,311 4,576 2021 Net carrying amount - beginning of the year 888 162 589 1,639 1,297 2,936 Additions 12 28 244 284 284 Amortization (30 ) (89 ) (168 ) (287 ) (287 ) Impairment (2 ) (14 ) (16 ) (22 ) (38 ) Reversals 21 21 21 Write-off (35 ) (35 ) (35 ) Changes in the scope of consolidation 11 226 237 1,574 24 1,835 Currency translation differences 57 2 59 13 72 Other changes 45 (34 ) 11 11 Net carrying amount - end of the year 913 155 845 1,913 2,862 24 4,799 Gross carrying amount - end of the year 1,707 1,709 4,843 8,259 Provisions for amortization and impairment 794 1,554 3,998 6,346 Exploration rights comprised the residual book value of signature bonuses and acquisition costs of exploration licenses relating to areas with proved reserves, which are amortized based on UOP criteria and are regularly reviewed for impairment. The costs of licenses with unproved reserves are also in this item and are suspended pending a final determination of the success of the exploration activity or until management confirms its commitment to the initiative . Additions for the year relate d to signature bonuses paid for the acquisition of new exploration acreage in Egypt, Mozambique, United Arab Emirates, Ivory Coast and Gabon . The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2022 December 31, 2021 Proved licence and leasehold property acquisition costs 104 236 Unproved licence and leasehold property acquisition costs 689 677 793 913 Industrial patents and intellectual property rights mainly regarded the acquisition and internal development of software and rights for the use of production processes and software. Write-offs of € 13 million related to the abandonment of underlying initiatives. Change in the scope of consolidation of assets with a finite useful life concern ed : (i) for €200 million the deconsolidation of the companies Eni Angola SpA, Eni Angola Exploration BV and Eni Angola Production BV which were transferred to the joint venture Azule Energy Holdings Ltd; (ii) for €391 million the acquisitions made in relation to renewables activities of Plenitude, in particular to PLT (PLT Energia Srl and SEF Srl) (€217 million) and Energía Eólica Boreas SLU (€153 million). Other changes relating to intangible assets with a finite useful life related for €277 million to the definitive purchase price allocation of acquisitions made in 2021 with a corresponding decrease in goodwill (further information is provided in note 27 - Other information) and for €115 million the decrease relating to the reclassification to assets held for sale of the trasportation rights of natural gas imported from Algeria following the agreement with Snam SpA relating to the sale of 49.9% of the consolidated company Eni Corridor Srl (further information is disclosed in note 25 - Assets held for sale and liabilities directly associated with assets held for sale ). Other intangible assets comprised: (i) concessions, licenses, trademarks and similar items for € 692 million (€ 139 mil l ion a t De cemb e r 31, 2021), of which €615 million relating to Plenitude business line, mainly for activities related to renewable energy ; (i i ) customer acquisition costs relating to Plenitude business line for € 358 million (€ 348 mil l ion a t De cemb e r 31, 2021 ) ; (i ii ) customer relationship for € 101 million recognized following the acquisition of Finproject group (€ 109 mil l ion a t De cemb e r 31, 2021). The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP Other concessions, licenses, trademarks and similar items 3 - 33 Industrial patents and intellectual property rights 20 - 33 Capitalized costs for customer acquisition 17 - 33 Other intangible assets 3 - 20 Cumulative impairments charges of goodwill at the end of the year amounted to € 2,662 million . The breakdown of goodwill by segment and business line is provided below: (€ million) December 31, 2022 December 31, 2021 Plenitude 2,927 2,446 Refining & Marketing 102 173 Exploration & Production 139 Chemical 93 93 Corporate and Other activities 16 11 3,138 2,862 T he impairment loss of goodwill for 202 2 was essentially recorded in relation to the Exploration & Production segment . Changes in the scope of consolidation of goodwill related: (i) for €412 million to the acquisition of 100% of PLT Energia Srl and SEF Srl; (ii) for €52 million to the acquisition of 100% of SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA); (iii) for €18 million to the acquisition of 100% of the company Energía Eólica Boreas SLU. Information about the allocations of goodwill deriving from business combinations are provided in note 5 - Business combinations and other significant transactions . Goodwill acquired through business combinations has been allocated to the CGUs that are expected to benefit from the synergies of the acquisition. The Plenitude business line engaged in the retail sale of natural gas and electricity, in the electricity generation from renewable sources and in installing and managing a network of charging point for electric vehicles. Plenitude has closed several acquisitions in past reporting years and in 2022, those latter commented in note 5 – Business combinations and other significant transactions, leading to the recognition of significant amounts of goodwill in each of those activities. Goodwill allocated to the activity of retail sale of natural gas and electricity amounted to 1,214 million and to test its recoverability has been allocated to a single CGU encompassing all European retail markets, where Plenitude is operating, considering the significant cross-market synergies and geographic integration. The impairment review performed at the balance sheet date confirmed the recoverability of the carrying amount of this CGU comprising the book value of the allocated goodwill. The impairment review of the CGU Retail , including goodwill, was performed by comparing the carrying amount to the value in use of the CGU, which was estimated based on the cash flows of the four zero about €7 b illion of the value in use of the CGU Retail with respect to its book value, including the allocated goodwill. In the renewable business of Plenitude, the CGUs have been identified at a significant project level, in some cases grouped at company level for projects/plants characterized by relevant synergies. Cash flows included both those relating to existing assets (acquired or build internally) and those associated with the repowering process in the case of acquired assets. For the acquisitions of 202 2 , the impairment was assessed by updating the valuation model used for the acquisition which confirmed the recoverability of the goodwill allocated to the complex of the CGUs. Goodwill allocated to the business of renewables amounted to €995 million and related to the business combinations made in Italy and in other European markets where operations are being developed (Spain, France, Greece) in the latest two years The impairment test was performed based on the discounted cash flows which comprised the financial projections of the four G oodwill of the E-mobility business of Plentitude of €718 million recognized in connection with the acquisition in 2021 of the entire share capital of Be Power SpA, which through the subsidiary Be Charge is the second Italian operator in the segment of charging infrastructures for electric mobility, was assessed by updating the valuation model of the operation. The recoverability of the allocated goodwill was tested based on the discounted cash flows of the activity, which comprised the financial projections of the four zero |
Reversals (Impairments) of tang
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | 12 Months Ended |
Dec. 31, 2022 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | 15 Reversals (I mpairment s) of tangible and intangible assets and right-of-use assets . Sensitivity of outcomes to alternative scenarios. The recoverability test of carrying amounts of oil&gas cash genenerating units (CGUs) is the most important of the critical accounting estimates in the preparation of Eni’s consolidated financial statements. This owes to the relative weight of the invested capital in the sector on total consolidated assets . Future expected cash flows associated with the use of oil&gas assets are based on management’s judgment and subjective evaluation about highly uncertain matters like future hydrocarbons prices, assets’ useful lives, projections of future operating and capital expenditures, including CO 2 emission costs relating to geographies where legal obligations are present , the volumes of reserves that will ultimately be recovered and costs of decommissioning oil&gas assets at the end of their useful lives. Forecasts of hydrocarbons prices adopted by Eni are based on the review of the fundamentals of supply and demand in the long term, considering the possible evolution of the global energy mix by 2050 in relation to the decarbonisation commitments of the countries and the EU in view of the achievement of the goals of the Paris Agreement, the pace of the energy transition, global economic and demographic growth, the evolution of technologies and the evolution in consumers’ preferences. These assumptions are reflected in the corporate strategies and investment decisions, as well as being used in recoverability assessments of the carrying amount of oil&gas projects. In the short term, market forward prices are also considered as well as projections made by investment banks and other market observatories. Eni recognizes and fully endorses the transition of the economy towards a low-carbon development model and the goals of the Paris COP21 agreements and based on this has designed a strategy to achieve the decarbonization of the Company’s products and industrial processes targeting carbon neutrality by 2050. Consistent with this long-term path and with the progressive evolution of the Company's product portfolio , management is assuming a mid - cycle scenario for the price of the Brent crude oil and other price benchmarks, which assumes a balance between global supply and demand, a moderation in economic growth and inflationary pressures and a gradual reduction in the consumption of crude oil in view of achieving the goals of the Paris agreement. The forecast prices of the mid-cycle scenario represent management's best estimate and form the basis for investment decisions, operational plans and recoverability tests of Eni's oil & gas assets. Below are the main price assumptions for assessing the recoverability of oil & g as assets, expressed in 2021 2023 2025 2030 2040 2050 Brent $/bbl 73 63 62 53 43 TTF natural gas price $mmBtu 23.5 13.5 6.0 6.0 5.3 This scenario does not differ significantly from the one adopted in the previous report ing year . The discount rate of the future cash flows of the CGUs was estimated as the weighted average cost of equity (Ke) and net borrowings , based on the Capital Asset Pricing Model methodology. Specifically, the cost of equity considers both a premium for the non-diversifiable market risk measured on the basis of the long-term returns of the S&P500, and an additional premium that considers exposure to operational risks of the countries of activity and the risks of the energy transition. For 2022, a Group cost of capital “WACC” against the average portfolio, where oil&gas activities are conducted, by adding a corrective factor (WACC adjusted on a country-by-country basis). The impairment test was performed at all of the Group’s oil&gas CGUs based on the price scenario of the management and the country WACCs described above, which substantially confirmed the carrying amounts of the properties, with the exception of few assets which were marked to their lower recoverable values due to downward reserves revisions and costs updates, recognizing €432 million of net impairment losses. The impaired assets were mainly located in Congo, Egypt , USA and Algeria, in this latter case due to the release of a concession. Furthermore, a residual goodwill amount was written-off in UK. The post-tax discount rates were comprised in a 6.2 % - 11.1 % range . The value in use (VIU) of the oil&gas CGUs under the management’s scenario assumptions displayed a headroom (difference between VIU and book values) of approximately 100% of the assets’ carrying amounts, also discounting the expected expenses associated with the purchase of carbon credits as part of the Company’s strategy to decarbonize its oil&gas operations through participation in forestry conservation projects, which belong to the REDD+ framework defined by the United Nations. Considering the subjectivity of the assumptions underlying the estimates of the VIU, management has elaborated the following sensitivity analyses of the oil&gas CGUs values to different scenarios: (i) a linear cut of -10% of hydrocarbon prices in all the years of the cash flows projections; (ii) the projections of hydrocarbon prices and CO 2 2050 The results of the sensitivity test in terms of changes in the cumulated headroom of oil&gas CGUs and potential pre-tax income statement impacts are provided below: Value in use of the O&G CGUs Headroom vs Carrying amounts Assumption at 2050 in real terms USD 2021 tax-deductible CO 2 charges non tax-deductible CO 2 charges Brent price European gas price Cost of CO 2 Eni's scenario >100 % - 43 $/bbl 5.3 $/mmBTU CO 2 costs projections in the EU/ETS 10% haircut of Eni's prices assumptions 80 % - 39 $/bbl 4.8 $/mmBTU CO 2 costs projections in the EU/ETS IEA NZE 2050 scenario 55 % 49 % 24 $/bbl 3.8 $/mmBTU 250 180 $ CO 2 (*) (*) Prices relating to advanced/emerging economies Sensitivity - 10% to Eni prices assumptions (€ billion) Sensitivity Exploration & Production assets (0.7 ) Hydrocarbon prices and CO 2 costs of the IEA NZE 2050 scenario (€ billion) Sensitivity Tax-deductible CO 2 Non tax-deductible CO 2 Exploration & Production assets (2.1 ) (2.8 ) These sensitivities do not consider possible actions mitigate a changed price environment, such as rescheduling and/or cancellation of planned development activities, contractual renegotiations, costs efficiencies or actions aimed at accelerating the pay-back period. The sensitivity was not applied to the Chemical business and to the gas-fired power generation business considering the immateriality of the residual book values of property, plant and equipment (€595 million and €690 million, respectively) and of economic-technical lives, while no impact can be associated for refineries considering that their book values have been completely impaired in past reporting periods. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2022 | |
Investments | |
Investments | 16 Investments Equity-accounted investments 2022 2021 ( € million) Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Carrying amount - beginning of the year 44 2,057 3,786 5,887 80 2,832 3,837 6,749 Additions and subscriptions 21 900 686 1,607 1 558 103 662 Divestments and reimbursements (2 ) (1 ) (477 ) (480 ) (21 ) (231 ) (133 ) (385 ) Share of profit of equity-accounted investments 5 474 1,684 2,163 6 31 165 202 Share of loss of equity-accounted investments (6 ) (197 ) (82 ) (285 ) (3 ) (910 ) (381 ) (1,294 ) Deduction for dividends (3 ) (483 ) (708 ) (1,194 ) (25 ) (586 ) (16 ) (627 ) Changes in the scope of consolidation 5 (710 ) (1,122 ) (1,827 ) 5 355 360 Currency translation differences 2 (231 ) 230 1 2 83 296 381 Other changes (16 ) 5,256 980 6,220 (1 ) (75 ) (85 ) (161 ) Carrying amount - end of the year 50 7,065 4,977 12,092 44 2,057 3,786 5,887 Acquisitions and share capital increases mainly related for : (i) €624 million to the capital increase of Saipem SpA; (ii) for €306 million to the partnership agreement for the purchase of a 25% stake in the joint venture Qatar Liquefied Gas Company Limited (9) (Eni's interest 25%) which hold s a 12.5% interest in the North Field East project (NFE) to ensure Eni a 3.125% stake in the project for the development of the country's natural gas reserves by building a multi-train liquefaction plant with a combined capacity of 32 MTPA; (iii) for € 161 million to the acquisition from Equinor and SSE Renewables of a 20% stake in Doggerbank Offshore Wind Farm Project 3 Holdco Ltd which is developing the homonymous offshore wind project in the British North Sea. In 2022, the interest was contributed to the Norwegian joint venture Vårgrønn AS (Eni's interest 65%). Divestments and reimbursement related to: (i) a capital repayment made by Angola LNG Ltd for €375 million; (ii) the sale of a 6% in Vår Energi ASA with a book value of €91 million following the listing through an IPO at the Oslo Stock Exchange and a subsequent private placement among insitutional investors. Eni’s share of the results of entities accounted for under the equity method mainly comprised a profit at : (i) Vår Energi ASA for €691 million; (ii) Azule Energy Holdings Ltd for €455 million; (iii) Abu Dhabi Oil Refining Company (TAKREER) for €359 million; (iv) Angola LNG Ltd of €290 million; (v) ADNOC Global Trading Ltd for €170 million; (vi) Coral FLNG SA for €140 million. Losses of equity-accounted in vestments included : (i) Saipem SpA for € 82 million; (ii) Mozambique Rovuma Venture SpA for €72 million; (iii) Novamont SpA for €53 million. Reducti on for dividends related for €475 million to Azule Energy Holdings Ltd, for €469 million to Vår Energi ASA, for €142 million to Abu Dhabi Oil Refining Company (TAKREER) and for €54 million to ADNOC Global Trading Ltd. Changes in the scope of consolidation referred for €1,122 million to Angola LNG Ltd, which was contributed to Azule Energy Holdings Ltd and for €731 million to Dogger Bank (A, B and C) which were contributed to the Vårgrønn AS joint venture. Business combinations are commented on in note 5 - Business combinations and other significant transactions. Other changes include d the inclusion of the joint venture Azule Energy Holdings Ltd for €5,352 million and the joint venture Vårgrønn AS for €374 million. Net carrying amount s related to the following companies: December 31, 2022 December 31, 2021 (€ million) Net carrying amount % of the investment Net carrying amount % of the investment Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 1 100.00 2 100.00 Other 49 42 50 44 Joint ventures Azule Energy Holdings Ltd 5,073 50.00 Saipem SpA 645 31.20 137 31.20 Cardón IV SA 433 50.00 279 50.00 Vårgrønn AS 370 65.00 3 69.60 Mozambique Rovuma Venture SpA 308 35.71 355 35.71 GreenIT SpA 74 51.00 9 51.00 Lotte Versalis Elastomers Co Ltd 41 50.00 54 50.00 Hergo Renewables SpA 33 65.00 Società Oleodotti Meridionali - SOM SpA 29 70.00 27 70.00 Vår Energi AS 645 69.85 Doggerbank Offshore Wind Farm Project 1 Holdco Ltd 246 20.00 Doggerbank Offshore Wind Farm Project 2 Holdco Ltd 238 20.00 Other 59 64 7,065 2,057 Associates Abu Dhabi Oil Refining Company (Takreer) 2,497 20.00 2,151 20.00 Vår Energi ASA 763 63.08 Coral FLNG SA 330 25.00 156 25.00 Qatar Liquefied Gas Company Limited (9) 302 25.00 Novamont SpA 255 35.00 ADNOC Global Trading Ltd 158 20.00 42 20.00 Novis Renewables Holdings Llc 74 49.00 75 49.00 Bluebell Solar Class A Holdings II Llc 73 99.00 71 99.00 United Gas Derivatives Co 72 33.33 75 33.33 Angola LNG Ltd 1,084 13.60 Other 453 132 4,977 3,786 12,092 5,887 The stake held in Vår Energi ASA was reclassified from joint venture to associate following the listing through an IPO at the Oslo stock exchange. The investment in Novamont SpA was reclassified from other investment to associate following the agreement reached between Eni and Novamont which settled all pending disputes over the management of the Matrìca joint venture, engaged in the development of renewable chemical feedstocks, with an increase in Eni equity investment in Novamont. The r esults 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 € 74 million . As at 31 December 2022, the book and market values of Saipem SpA and Vår Energi ASA, listed on the Italian and the Norwegia n stock exchange, respectively, were as follows : Saipem SpA Vår Energi ASA Number of ordinary shares held 622,476,192 1,574,616,035 % of the investment 31.20 63.08 Share price (€) 1.12750 3.19470 Market value (€ million) 702 5,030 Book value (€ million) 645 763 At December 31, 2022, the market capitalization of Saipem share exceeded the book value of the investment by € 57 million, in line with the corresponding fraction of the investee's book equity. At December 31, 2022, the market capitalization of the Vår Energi ASA share for Eni's stake is €4,267 million higher than the book value of the investment. Additional information is included in note 37 – Other information about investments. Other investments (€ million) 2022 2021 Carrying amount - beginning of the year 1,294 957 Additions and subscriptions 68 175 Change in the fair value with effect to OCI 56 105 Currency translation differences 42 57 Other changes (258 ) Carrying amount - end of the year 1,202 1,294 The fair value of the main non-controlling interests in non-listed investees on regulated markets , classified within level 3 of the fair value hierarchy, was estimated based on a methodology that combines future expected earnings and the sum-of-the-parts methodology (so-called residual income approach) and takes into account, inter alia, the following inputs: (i) expected net profits , as a gauge of the future profitability of the investees, derived from the business plans, but adjusted, where appropriate, to include the assumptions that market participants would incorporate; (ii) the cost of capital, adjusted to include the risk premium of the specific country in which each investee operates. A stress test based on a 1% change in the cost of capital considered in the valuation did not produce significant changes at the fair value valuation. Dividend income from these inve stments is disclosed in note 3 2 – Income (expense) from investments. Other changes comprised the reclassification to associates of Novamont SpA for €220 million. The investment bo ok value as of December 31, 202 2 primarily related to Nigeria LNG Ltd for € 668 million ( € 637 million at December 31, 2021 ) and Saudi European Petrochemical Co “IBN ZAHR” for € 108 million (€ 124 million at December 31, 2021 ) . |
Other financial assets
Other financial assets | 12 Months Ended |
Dec. 31, 2022 | |
Other financial assets | |
Other financial assets | 1 7 Other financial assets December 31, 2022 December 31, 2021 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 11 1,911 17 1,832 Short-term financing receivables held for operating purposes 8 39 19 1,911 56 1,832 Financing receivables held for non-operating purposes 1,485 4,252 1,504 1,911 4,308 1,832 Securities held for operating purposes 56 53 1,504 1,967 4,308 1,885 Changes in allowance for doubtful accounts were as follows: (€ million) 2022 2021 Carrying amount at the beginning of the year 403 352 Additions 13 41 Deductions (43 ) (15 ) Currency translation differences 21 25 Other changes (3 ) Carrying amount at the end of the year 391 403 Financing receivables held for operating purposes related principally to funds provided to joint ventures and associates in the Exploration & Production segment (€ 1,823 million) to execute capital projects of interest to Eni . These receivables are long-term interests in the initiatives funded. The main exposure is towards : (i) the joint venture Mozambique Rovuma Venture SpA (Eni's interest 35.71%) for € 1,187 million (€ 1,008 million at December 31, 2021) ; (ii) Coral FLNG SA (Eni's interest 25%) for € 356 million ( € 383 million at December 31, 2021 ) ; (iii ) the joint venture Cardón IV SA (Eni’s interest 50%), in Venezuela, against which a finan cing receivable of €20 million (€199 million at December 31, 2021) is outstanding, valued using the same method as the trade receivables owed to Eni by PDVSA . Financing receivables held for operating purposes due beyond five years amounted to € 164 million (€ 399 million at December 31, 2021 ) . The fair value of non-current financing receivables held for operating purposes of € 1,911 million has been estimated based on the present value of expected future cash flows discounted at rates ranging from 1.8 % to 5.1 % ( -0.3% and 1.7% at December 31, 2021 ) . The recoverability of other long-term financial assets was assessed by considering the expected probability default in the next twelve months only, as the creditworthiness suffered no significant deterioration in the reporting period. Financing receivables held for non-operating purposes related for € 1,266 million (€ 4,233 million at December 31, 2021 ) restricted deposits in escrow to guarantee transactions on derivative contracts mainly referred to Global Gas & LNG Portfolio segment . Financing receivables were denominated in euro and U.S. dollar for € 1,329 million and € 2,038 million, respectively. Securities held for operating purposes related to listed bonds issued by sovereign states. Securities for € 20 million (same amount at December 31, 2021 ) were pledged as guarantee of the deposit for gas cylinders as provided for by the Italian law. The following table analyses securities per issuing entity: Amortized cost (€ million) Nominal value (€ million) Fair Value (€ million) Nominal rate of return (%) Maturity date Rating - Moody's Rating - S&P Sovereign states Fixed rate bonds Italy 20 20 18 from 2022 to 2031 Baa3 BBB Others (*) 24 25 23 from 2023 to 2026 from Aa1 to Baa1 from AA+ to A- Floating rate bonds Italy 12 12 12 from 2024 to 2026 Baa3 BBB Total sovereign states 56 57 53 (*) Amounts included herein are lower than € 10 million. All securities have maturity within five years The fair value of securities was derived from quoted market prices. Receivables with related parties are described in note 36 – Transactions with related parties. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other payables | |
Trade and other payables | 18 Trade and other payables (€ million) December 31, 2022 December 31, 2021 Trade payables 19,527 16,795 Down payments and advances from joint ventures in exploration & production activities 606 552 Payables for purchase of non-current assets 2,561 1,732 Payables due to partners in exploration & production activities 1,235 1,188 Other payables 1,780 1,453 25,709 21,720 The in crease in trade payables of € 2,732 million refers to Global Gas & LNG Portfolio segment for €1,281 million and to Refining & Marketing and Chemical segment for € 1,248 million. Other payables included: (i) the amounts still due to the triggering of the take-or-pay clause of the long-term supply contracts for €284 million (€185 million at December 31, 2021); (ii) payroll payables for €255 million (€328 million at December 31, 2021); (iii) payables to factoring companies in relation to the recognition of Eni's tax credits for €246 million; (iv) payables for social security contributions for €100 million (€112 million at December 31, 2021). The remaining amount of €895 million is composed of miscellaneous items, none of which is of material amount. Trade and other payables were denominated in euro for € 14,970 million and in U.S. dollar for € 10,048 million. Because of the short-term maturity and conditions of remuneration of trade payables, the fair value s approximated the carrying amount s . Trade and other p ayables due to related parties are described in note 36 – Transactions with related parties. |
Finance debt
Finance debt | 12 Months Ended |
Dec. 31, 2022 | |
Finance debts | |
Finance debt | 1 9 Finance debt December 31, 2022 December 31, 2021 Short-term debt Current portion of long-term debt Long-term debt Total Short-term debt Current portion of long-term debt Long-term debt Total (€ million) Banks 3,645 851 1,999 6,495 362 347 4,650 5,359 Ordinary bonds 2,140 16,372 18,512 913 18,049 18,962 Convertible bonds 399 399 Sustainability-Linked Bond 2 996 998 2 996 998 Commercial papers 34 34 836 836 Other financial institutions 767 104 7 878 1,101 120 19 1,240 4,446 3,097 19,374 26,917 2,299 1,781 23,714 27,794 Finance debt decreased by €877 million as disclosed in table “Changes in liabilities arising from financing activities” detailed at the end of this paragraph. As of December 31, 2022, finance debt included €1,300 million of sustainability-linked financial contracts with leading banking institutions which provide for an adjustment mechanism of the funding cost linked to the achievement of certain sustainability targets. Eni entered into long-term borrowing facilities with the European Investment Bank. These borrowing facilities are subject to the retention of a minimum level of credit rating. According to the agreements, should the Company lose the minimum credit rating, new guarantees could be required to be agreed upon with the European Investment Bank. At December 31, 2022, debts subjected to restrictive covenants amounted to €862 million (€899 million at December 31, 2021). Eni was in compliance with those covenants. Eni has in place a program for the issuance of Euro Medium Term Notes up to €20 billion, of which €15.8 billion were drawn as of December 31, 2022. Ordinary bonds consisted of bonds issued within the Euro Medium Term Notes Program for a total of €14,953 million and other bonds for a total of €3,559 million. As of December 31, 2022, ordinary bonds maturing within 18 months amounted to €2,723 million. During 2022, Eni did not issue new ordinary bonds. The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2022: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % from to from to Issuing entity Euro Medium Term Notes 1,200 15 1,215 EUR 2025 3.750 1,000 29 1,029 EUR 2029 3.625 1,000 15 1,015 EUR 2023 3.250 1,000 11 1,011 EUR 2026 1.500 1,000 10 1,010 EUR 2031 2.000 1,000 3 1,003 EUR 2026 1.250 1,000 3 1,003 EUR 2030 0.625 900 900 EUR 2024 0.625 800 2 802 EUR 2028 1.625 750 11 761 EUR 2024 1.750 750 8 758 EUR 2027 1.500 750 ) 747 EUR 2034 1.000 650 4 654 EUR 2025 1.000 600 ) 598 EUR 2028 1.125 1,639 6 1,645 USD 2026 2027 variable 795 7 802 EUR 2025 2043 1.275 5.441 14,834 119 14,953 Other bonds 937 10 947 USD 2023 4.000 937 5 942 USD 2028 4.750 937 1 938 USD 2029 4.250 328 1 329 USD 2040 5.700 375 375 USD 2027 7.300 18 18 EUR 2031 variable 10 10 EUR 2026 7.000 3,542 17 3,559 18,376 136 18,512 As part of the Euro Medium Term Notes program, during 2021 2 Information relating to the sustainability-linked bonds issued by Eni SpA is as follows: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Eni SpA 1,000 ) 998 EUR 2028 0.375 The following table provides a breakdown by currency of finance debt and the related weighted average interest rates: December 31, 2022 December 31, 2021 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 3,994 0.9 17,171 1.8 1,356 20,399 1.5 U.S. dollar 337 2.2 5,298 5.1 928 0.2 5,096 3.8 Other currencies 115 2 2.4 15 (0.3 ) 4,446 22,471 2,299 25,495 As of December 31, 2022, Eni retained committed borrowing facilities of €8,298 million. Those facilities bore interest rates reflecting prevailing conditions in the marketplace. The breakdown of committed borrowing facilities are as follows: (€ million) December 31, 2022 December 31, 2021 Undrawn long-term Sustainability-Linked bonds 8,100 2,800 Other undrawn long-term borrowing facilities 2 20 Drawn long-term Sustainability-Linked bonds 2,050 Other drawn long-term borrowing facilities 70 162 Long-term borrowing facilities 8,172 5,032 Other undrawn short-term borrowing facilities 43 15 Other drawn short-term borrowing facilities 83 67 Short-term borrowing facilities 126 82 8,298 5,114 As of December 31, 2022, Eni was in compliance with covenants and other contractual provisions in relation to borrowing facilities. Fair value of long-term debt, including the current portion of long-term debt is described below: (€ million) December 31, 2022 December 31, 2021 Ordinary bonds and Sustainability-Linked Bond 18,167 23,070 Convertible bonds 513 Banks 2,733 5,029 Other financial institutions 111 138 21,011 28,750 Fair value of finance debts was calculated by discounting the expected future cash flows at discount rates ranging from 1.8% to 5.1% (-0.3% and 1.7% at December 31, 2021). Because of the short-term maturity and conditions of remuneration of short-term debt, the fair value approximated the carrying amount. Changes in liabilities arising from financing activities (€ million) Long-term debt and current portion of long-term debt Short-term debt Long-term and current portion of long-term lease liabilietis Total Carrying amount at December 31, 2021 25,495 2,299 5,337 33,131 Cash flows (3,944 ) 1,375 (994 ) (3,563 ) Currency translation differences 208 547 289 1,044 Changes in the scope of consolidation 477 (95 ) (1,953 ) (1,571 ) Other non-monetary changes 235 320 2,272 2,827 Carrying amount at December 31, 2022 22,471 4,446 4,951 31,868 Carrying amount at December 31, 2020 23,804 2,882 5,018 31,704 Cash flows 666 (910 ) (939 ) (1,183 ) Currency translation differences 255 153 303 711 Changes in the scope of consolidation 545 160 103 808 Other non-monetary changes 225 14 852 1,091 Carrying amount at December 31, 2021 25,495 2,299 5,337 33,131 Changes in the scope of consolidation referred to the Exploration & Production segment for €2,013 million and to the Plenitude business line for €580 million. Other non-monetary changes include €2,401 million of lease liabilities assumptions (€1,102 million at December 31, 2021). Lease liabilities are described in note 13 - Right-of-use assets and lease liabilities. Transactions with related parties are described in note 36 – Transactions with related parties |
Information on net borrowings
Information on net borrowings | 12 Months Ended |
Dec. 31, 2022 | |
Information on net borrowings | |
Information on net borrowings | 20 Information on net borrowings In assessing its capital structure, Eni uses net borro wings before the accounting effects of IFRS 16 (lease obligations), which is a non-GAAP financial measure. Eni calculates net borrowings as total finance debt (short-term and long-term debt) derived from its Consolidated Financial Statements prepared in accordance with IFRS less: cash and cash equivalents, held-for-trading securities and certain marketable 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. (€ million) December 31, 2022 December 31, 2021 A. Cash 3,351 2,758 B. Cash equivalents 6,804 5,496 C. Other current financial assets 9,736 10,553 D Liquidity (A+B+C) 19,891 18,807 E. Current financial debt 6,588 3,613 F. Current portion of non-current financial debt 1,839 1,415 G. Current financial indebtedness (E+F) 8,427 5,028 H. Net current financial indebtedness (G-D) (11,464 ) (13,779 ) I. Non-current financial debt 6,073 9,058 J. Debt instruments 17,368 19,045 K. Non‐current trade and other payables L. Non-current financial indebtedness (I+J+K) 23,441 28,103 M. Total financial indebtedness (H+L) 11,977 14,324 Cash and cash equivalent include approximately € 97 million subject to foreclosure measures and payment guarantees . Other current f inancial assets include: (i) financial assets at fair value through profit or loss , disclosed in note 7 – Financial assets at fair value through profit or loss ; (ii) f inancing receivables , disclosed in note 1 7 – Other financial assets. Financ e debt s are disclosed in note 1 9 – Financ e debts . Current portion of non-current financial debt and non-current financial debt include lease liabilities of € 884 million and € 4,067 million (€ 948 million and € 4,389 million at December 31, 2021 , respectively) of which € 494 million (€ 1,684 million at December 31, 2021 ) related to the share of joint operators in upstream projects operated by Eni which will be recovered through a partner cash-call billing process . More information on lease liabilities is reported in note 1 3 – Right-of-use assets and lease liabilities . |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other provisions [abstract] | |
Provisions | 2 1 Provisions (€ million) Provisions for site restoration, abandonment and social projects Environmental provisions Provisions for litigations Provisions for taxes other than income taxes Loss adjustments and actuarial provisions for Eni's insurance companies Provisions for losses on investments Provisions for Everen (ex OIL) insurance cover Other Total Carrying amount at December 31, 2021 9,621 2,206 452 211 295 195 93 520 13,593 New or increased provisions 381 1,923 552 54 115 37 4 320 3,386 Initial recognition and changes in estimates (80 ) (80 ) Accretion discount 218 (18 ) (1 ) 199 Reversal of utilized provisions (567 ) (364 ) (24 ) (8 ) (95 ) (160 ) (1,218 ) Reversal of unutilized provisions (5 ) (223 ) (51 ) (2 ) (21 ) (302 ) Currency translation differences 303 3 16 10 3 9 344 Changes in scope of consolidation (553 ) (66 ) 1 (618 ) Other changes 4 (24 ) 2 20 12 (46 ) ( 5 ) (37 ) Carrying amount at December 31, 2022 9,322 3,503 947 219 327 189 97 663 15,267 Provisions for site restoration, abandonment and social projects include : (i) for €7,757 million the present value of the estimated costs that the Company expects to incur for dismantling oil and natural gas producti on facilities at the end of the producing lives of fields, well-plugging, site clean-up and restoration ; (ii) for €1,060 million the estimated costs for social projects in the Exploration & Production segment, referring for €664 million to the estimate of the costs for social projects to be incurred following the commitments between Eni SpA and the Basilicata region in relation to the oil development program in the Val d'Agri concession area; (iii) for €475 million the estimated abandonment costs of production lines and auxiliary logistics structures of the Refining & Marketing business. In 2022 Initial recognition and change in estimate includes the effect of discounting future decommissioning costs of oil & gas plants, net of cost revision estimates of the initial recognition of new projects. The unwinding of discount recognized through profit and loss for was determined based on discount rates ranging from -0.3 % to 6.1 % (from -0.4 % to 3.8 % at December 31, 2021 ) . Change s in the scope of consolidation mainly refer to the deconsolidation of the Angolan companies merged in to JV Azule Energy Holdings Ltd for €561 million. Main expenditures associated with decommissioning operations are expected to be incurred over a fifty -year period with utilizations essentially starting after 12 months. Provisions for environmental risks included the estimated costs for environmental clean-up and remediation of soil and groundwater in areas owned or under concession where the Group performed in the past industrial operations that were progressively divested, shut down, dismantled or restructured. The provision was accrued because at the balance sheet date there is a legal or constructive obligation for Eni to carry out environmental clean-up and remediation and the expected costs can be estimated reliably. The provision include d the expected charges associated with strict liability related to obligations of cleaning up and remediating polluted areas that met the parameters set by law at the time when the pollution occurred but presently are no more in compliance with current environmental laws and regulations , or because Eni assumed the liability borne by other operators when the Company acquired or otherwise took over site operations. 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. In 2022, a provision of €1,245 million was recognized relating to current groundwater remediation activities at brownfield sites in Italy, estimated on the basis of management experience and accumulated know-how on the scope, extent and timing of implementation of the activities and a more certain regulatory framework which made it possible to reliably determine future charges. At December 31, 20 2 2 , environmental provision primarily related to Eni Rewind SpA for € 2,391 million and to the Refining & Marketing business line for € 705 million. L itigation provisions comprise d expected liabilities associated with legal proceedings and other matters arising from contractual claims, including arbitration s , fines and penalties due to antitrust proceedings and administrative matters. The provision was allocated on the basis of the best estimate of the existing liability at the balance sheet date and refers to the Global Gas & LNG Portfolio segment for €371 million and to the Exploration & Production segment for €315 million. Provisions for uncertain taxes matters relate d to the estimated losses that the Company expects to incur to settle tax litigations and tax claims pending with tax authorities in relation to uncertainties in applying rules in force were in respect of the Exploration & Prod uction segment for € 194 million . Loss adjustments and actuarial provisions of Eni’s insurance company Eni Insurance DAC represented the estimated liabilities accru ed on the basis for third party claims. Against such liability was recorded receivable s of € 78 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 € 154 million. Provisions for the Everen (ex OIL) insurance coverage included insurance premiums which will be charged to Eni in the next five years by the mutual insurance company in which Eni participates together with other oil companies . |
Provisions for employee benefit
Provisions for employee benefits | 12 Months Ended |
Dec. 31, 2022 | |
Provisions for employee benefits | |
Provisions for employee benefits | 2 2 Provisions for employee benefits (€ million) December 31, 2022 December 31, 2021 Italian defined benefit plans 177 227 Foreign defined benefit plans 142 129 FISDE, foreign medical plans and other 126 162 Defined benefit plans 445 518 Other benefit plans 341 301 Provision for employee benefits 786 819 The liability relating to Eni's commitment to cover the healthcare costs of personnel is determined based on the contributions paid by the Company. Other employee benefit plans related to deferred m onetary incentive plans for € 115 m illion , isopensione plans (a post retirement benefit plan applicable to a specific category of employees) of Eni Plenitude SpA Società Benefit for € 99 million , contratti di espansione (agreed redundancy plans for workers) for €85 million, Jubilee Awards for €26 million and other long-term plans for € 16 million. Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: 2022 2021 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total Present value of benefit liabilities at beginning of year 227 761 162 1,150 301 1,451 258 1,140 182 1,580 268 1,848 Current service cost 1 11 3 15 52 67 1 16 3 20 49 69 Interest cost 2 24 2 28 1 29 1 24 1 26 26 Remeasurements: ) ) ) ) ) ) ) ) ) ) ) - actuarial (gains) losses due to changes in demographic assumptions 9 9 ) 7 ) ) ) ) ) ) - actuarial (gains) losses due to changes in financial assumptions ) ) ) ) ) ) ) ) 3 ) 2 ) - experience (gains) losses 8 17 2 27 ) 22 2 ) ) ) ) ) Past service cost and (gain) loss on settlements 127 127 107 107 Plan contributions: 1 1 1 1 1 1 - employee contributions 1 1 1 1 1 1 Benefits paid ) ) ) ) ) ) ) ) ) ) ) ) Currency translation differences and other changes 1 ) ) ) ) 3 ) ) ) ) ) Present value of benefit liabilities at end of year (a) 177 644 126 947 341 1,288 227 761 162 1,150 301 1,451 Plan assets at beginning of year 633 633 633 648 648 648 Interest income 18 18 18 12 12 12 Return on plan assets ) ) ) ) ) ) Past service cost and (gains) losses settlements ) ) ) Plan contributions: 14 14 14 15 15 15 - employee contributions 1 1 1 1 1 1 - employer contributions 13 13 13 14 14 14 Benefits paid ) ) ) ) ) ) Currency translation differences and other changes ) ) ) ) ) ) Plan assets at end of year (b) 503 503 503 633 633 633 Asset ceiling at beginning of year 1 1 1 1 1 1 Change in asset ceiling Asset ceiling at end of year (c) 1 1 1 1 1 1 Net liability recognized at end of year (a-b+c) 177 142 126 445 341 786 227 129 162 518 301 819 Employee benefit plans included the , net of plan assets, € 22 1 million 2021 ) . Costs charged to the profit and loss account , valued using actuarial assumptions , consisted of the following: (€ million) Italian defined benefit plans Foreign defined benefit plans FISD E, foreign medical plans and other Defined benefit plans Other benefit plans Total 2022 Current service cost 1 11 3 15 52 67 Past service cost and (gains) losses on settlements 127 127 Interest cost (income), net: - interest cost on liabilities 2 24 2 28 1 29 - interest income on plan assets ) ) ) Total interest cost (income), net 2 6 2 10 1 11 - of which recognized in "Payroll and related cost" 1 1 - of which recognized in "Financial income (expense)" 2 6 2 10 10 Remeasurements for long-term plans (22 ) ) Administrative fees paid 1 1 1 Total 3 18 5 26 158 184 - of which recognized in "Payroll and related cost" 1 12 3 16 158 174 - of which recognized in "Financial income (expense)" 2 6 2 10 10 2021 Current service cost 1 16 3 20 49 69 Past service cost and (gains) losses on settlements 107 107 Interest cost (income), net: - interest cost on liabilities 1 24 1 26 26 - interest income on plan assets ) ) ) Total interest cost (income), net 1 12 1 14 14 - of which recognized in "Payroll and related cost" - of which recognized in "Financial income (expense)" 1 12 1 14 14 Remeasurements for long-term plans (11 ) ) Total 2 28 4 34 145 179 - of which recognized in "Payroll and related cost" 1 16 3 20 145 165 - of which recognized in "Financial income (expense)" 1 12 1 14 14 Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2022 2021 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Actuarial (gains)/losses due to changes in demographic assumptions 9 9 ) ) ) ) Actuarial (gains)/losses due to changes in financial assumptions ) ) ) ) ) ) 3 ) Experience (gains) losses 8 17 2 27 2 ) ) ) Return on plan assets 117 117 5 5 Remeasurements ) ) ) ) ) ) ) Plan assets consisted of the following: (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by insurance company Other Total December 31, 2022 Plan assets with a quoted market price 23 25 260 11 4 4 26 146 499 Plan assets without a quoted market price 4 4 23 25 260 11 4 4 30 146 503 December 31, 2021 Plan assets with a quoted market price 95 43 299 8 3 1 23 157 629 Plan assets without a quoted market price 4 4 95 43 299 8 3 1 27 157 633 The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 20 2 3 consisted of the following: Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Other benefit plans 2022 Discount rate (%) 3.7 2.2-15.4 3.7 3.4-3.7 Rate of compensation increase (%) 3.4 1.9-12.5 Rate of price inflation (%) 2.4 1.2-11.5 2.4 2.4 Life expectations on retirement at age 65 (years) 13-24 24 2021 Discount rate (%) 1.0 0.3-15.3 1.0 0.0-1.0 Rate of compensation increase (%) 2.8 1.5-12.5 Rate of price inflation (%) 1.8 0.7-13.3 1.8 1.8 Life expectations on retirement at age 65 (years) 13-25 24 The following is an analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans: Euro area Rest of Europe Africa Other areas Foreign defined benefit plans 2022 Discount rate (%) 3.5-3.8 2.2-4.8 3.8-15.4 7.0 2.2-15.4 Rate of compensation increase (%) 1.9-3.0 3.0-4.0 1.9-12.5 5.0 1.9-12.5 Rate of price inflation (%) 1.9-2.2 1.2-3.5 3.0-11.5 3.0 1.2-11.5 Life expectations on retirement at age 65 (years) 21-22 23-24 13-17 13-24 2021 Discount rate (%) 0.9-1.2 0.3-1.9 3.0-15.3 6.7 0.3-15.3 Rate of compensation increase (%) 1.5-3.0 2.5-4.0 1.9-12.5 5.0 1.5-12.5 Rate of price inflation (%) 1.5-1.9 0.7-3.5 3.0-13.3 3.0 0.7-13.3 Life expectations on retirement at age 65 (years) 21-23 23-25 13-15 13-25 The effects of a possible change in the main actuarial assumptions at the end of the year are listed below: Discount rate Rate of price inflation Rate of increases in pensionable salaries Healthcare cost trend rate Rate of increases to pensions in payment (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2022 Italian defined benefit plans (6 ) 7 4 Foreign defined benefit plans (33 ) 34 19 10 13 FISDE, foreign medical plans and other (6 ) 7 6 Other benefit plans (3 ) 3 1 December 31, 2021 Italian defined benefit plans (9 ) 9 6 Foreign defined benefit plans (49 ) 55 34 11 28 FISDE, foreign medical plans and other (10 ) 11 10 Other benefit plans (4 ) 1 1 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 € 134 million, of which € 40 million related to defined benefit plans. The following is an analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration: (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Other benefit plans December 31, 2022 2023 14 29 7 94 2024 13 28 7 95 2025 14 26 7 85 2026 17 35 7 30 2027 15 31 7 16 2028 104 (7 ) 91 21 Weighted average duration (years) 7.5 13.2 11.5 2.5 December 31, 2021 2022 16 23 9 83 2023 16 24 7 80 2024 18 29 7 69 2025 20 24 7 25 2026 20 25 7 11 2027 and thereafter 137 4 125 33 Weighted average duration (years) 9.8 17.6 13.6 3.1 |
Deferred tax assets and liabili
Deferred tax assets and liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Deferred tax assets and liabilities | |
Deferred tax assets and liabilities | 23 Deferred tax assets and liabilities (€ million) December 31, 2022 December 31, 2021 Deferred tax liabilities before offsetting 9,315 10,668 Deferred tax assets available for offset (4,221 ) (5,833 ) Deferred tax liabilities 5,094 4,835 Deferred tax assets before offsetting (net of accumulated write-down provisions) 8,790 8,546 Deferred tax liabilities available for offset (4,221 ) (5,833 ) Deferred tax assets 4,569 2,713 The most significant temporary differences giving rise to net deferred tax assets and liabilities are disclosed below: (€ million) Carrying amount at December 31, 2022 Carrying amount at December 31, 2021 Deferred tax liabilities Accelerated tax depreciation 6,707 7,346 Derivative financial instruments 788 916 Difference between the fair value and the carrying amount of assets acquired 288 408 Site restoration and abandonment (tangible assets) 276 166 Leasing 162 1,076 Application of the weighted average cost method in evaluation of inventories 52 87 Other 1,042 669 9,315 10,668 Deferred tax assets, gross Carry-forward tax losses (6,752 ) (7,374 ) Site restoration and abandonment (provisions for contingencies) (1,986 ) (2,400 ) Timing differences on depreciation and amortization (1,710 ) (2,354 ) Impairment losses (1,490 ) (1,095 ) Accruals for impairment losses and provisions for contingencies (1,246 ) (1,417 ) Leasing (182 ) (1,091 ) Employee benefits (161 ) (155 ) Unrealized intercompany profits (68 ) (71 ) Derivative financial instruments (60 ) (343 ) Over/Under lifting (59 ) (219 ) Other (1,246 ) (631 ) (14,960 ) (17,150 ) Accumulated write-downs of deferred tax assets 6,170 8,604 Deferred tax assets, net (8,790 ) (8,546 ) The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax liabilities before offsetting Deferred tax assets before offsetting, gross Accumulated write-downs of deferred tax assets Deferred tax assets before offsetting net of accumulated write-down provisions Carrying amount at December 31, 2021 10,668 (17,150 ) 8,604 (8,546 ) Additions 1,176 (2,215 ) 464 (1,751 ) Deductions (1,351 ) 2,532 (2,409 ) 123 Changes with effect to OCI 382 (147 ) (147 ) Currency translation differences 611 (610 ) 165 (445 ) Changes in the scope of consolidation (1,951 ) 2,279 (549 ) 1,730 Other changes (220 ) 351 (105 ) 246 Carrying amount at December 31, 2022 9,315 (14,960 ) 6,170 (8,790 ) Carrying amount at December 31, 2020 8,581 (16,231 ) 9,065 (7,166 ) Additions 1,977 (1,783 ) 270 (1,513 ) Deductions (765 ) 1,804 (863 ) 941 Currency translation differences 683 (682 ) 186 (496 ) Other changes 192 (258 ) (54 ) (312 ) Carrying amount at December 31, 2021 10,668 (17,150 ) 8,604 (8,546 ) Carry-f orward tax losses amounted to € 25,932 million , of which € 19,656 million can be carried forward indefinitely. Carry-forward tax losses were € 14,000 mill ion and € million at Italian subsidiaries and foreign subsidiaries, respectively . Deferred tax assets gross of accumulated write-downs recognized on these los ses amounted to € 3,360 million and € million, respectively. Italian taxation law allows the carry-forward of tax losses indefinitely. Foreign taxation laws generally allow the carry-forward of tax losses over a period longer than five years, and in many cases, indefinitely. A tax rate of 24 % was applied to tax losses of Italian subsidiaries to determine the portion of the carry-forwards tax losses. The corresponding average rate for foreign subsidiaries was 28.4 %. Accumulated write-downs of deferred tax assets related to Italian companies for € 3,951 million and non-Italian companies for € 2,219 million. The reduction of accumulated write-downs of €2,434 million was primarily driven by an improved profitability outlook at Italian subsidiaries leading to the recognition of higher deferred tax assets in connection with expected higher taxable earnings. Taxes are also described in note 3 3 – Income taxes. |
Derivative financial instrument
Derivative financial instruments and hedge accounting | 12 Months Ended |
Dec. 31, 2022 | |
Derivative financial instruments and hedge accounting | |
Derivative financial instruments and hedge accounting | 2 4 Derivative financial instruments and hedge accounting December 31, 2022 December 31, 2021 (€ million) Fair value asset Fair value liability Level of Fair value Fair value asset Fair value liability Level of Fair value Non-hedging derivatives Derivatives on exchange rate 110 132 2 113 39 2 1 144 2 30 7 2 3 12 2 3 11 2 114 288 146 57 Derivatives on interest rate 137 58 2 13 43 2 137 58 13 43 Derivatives on commodities - Over the counter 9,571 8,663 2 12,152 12,060 2 6,886 5,764 1 7,158 5,498 1 2 1 80 2 1 55 2 16,457 14,509 19,311 17,613 16,708 14,855 19,470 17,713 Cash flow hedge derivatives Derivatives on commodities 7 735 2 339 192 1 193 1,672 1 339 192 200 2,407 Derivatives on interest rate 21 2 3 2 21 3 360 192 200 2,410 Options - Other options 144 3 62 3 144 62 Gross amount 17,068 15,191 19,670 20,185 Offsetting (5,863 ) (5,863 ) (7,159 ) (7,159 ) Net amount 11,205 9,328 12,511 13,026 Of which: 11,076 9,042 12,460 12,911 129 286 51 115 Eni is exposed to the market risk, which is the risk that changes in prices of energy commodities, exchange rates and interest rates could reduce the expected cash flows or the fair value of the assets. Eni enters into financial and commodities derivatives traded on organized markets (like MTF and OTF) and into commodities derivatives traded over the counter (swaps, forward, contracts for differences and options on commodities) to reduce this risk in relation to the underlying commodities, currencies or interest rates and, to a limited extent, in compliance with internal authorization thresholds, with speculative purposes to profit from expected market trends. Derivatives fair values were estimated based on market quotations provided by primary info-provider or, alternatively, appropriate valuation techniques generally adopted in the marketplace. Fair values of non-hedging derivatives essentially comprised forward sale contracts of natural gas for physical delivery which were not entitled to the own use exemption, as well as derivatives for proprietary trading activities. Fair value of cash flow hedge derivatives essentially related to commodity hedges were entered into by the Global Gas & LNG Portfolio segment. These derivatives were entered into to hedge variability in future cash flows associated with highly probable future trade transactions of gas or electricity or on already contracted trades due to different indexation mechanisms of supply costs versus selling prices. A similar scheme applies to exchange rate hedging derivatives. The existence of a relationship between the hedged item and the hedging derivative is checked at inception to verify eligibility for hedge accounting by observing the offset in changes of the fair values at both the underlying commodity and the derivative. The hedging relationship is also stress-tested against the level of credit risk of the counterparty in the derivative transaction. The hedge ratio is defined consistently with the Company’s risk management objectives, under a defined risk management strategy. The hedging relationship is discontinued when it ceases to meet the qualifying criteria and the risk management objectives on the basis of which hedge accounting has initially been applied. The effects of the measurement at fair value of cash flow hedge derivatives are given in note 26 – Equity. Information on hedged risks and hedging policies is disclosed in note 28 – Guarantees, commitments and risks - Risk factors. During 2021, Eni entered into sustainability-linked interest currency swaps with leading banking institutions which provide for a cost adjustment mechanism linked to the achievement of certain sustainability targets. At December 31, 2022, the fair value of these contracts amounted to positive €39 million. In 2022, the exposure to the exchange rate risk deriving from securities denominated in U.S. dollars included in the strategic liquidity portfolio amounting to €2,723 million was hedged by using, in a fair value hedge relationship, negative exchange differences for €107 million resulting on a portion of bonds denominated in U.S. dollars amounting to €2,684 million. The offsetting of financial derivatives related to Eni Global Energy Markets SpA. During 2022, there were no transfers between the different hierarchy levels of fair value. Hedging derivative instruments are disclosed below: December 31, 2022 December 31, 2021 (€ million) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Cash flow hedge derivatives Derivatives on commodity 83 (4 ) (461 ) (2,016 ) (46 ) 1,350 (3,912 ) 275 (364 ) 534 (5 ) - Other 9 1,433 (3,907 ) 275 (825 ) (1,482 ) (51 ) Derivatives on interest rate 127 24 84 3 127 24 84 3 1,560 (3,883 ) 275 (741 ) (1,479 ) (51 ) The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2022 December 31, 2021 (€ million) Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Cash flow hedge derivatives Commodity price risk 4,059 (499 ) (4,666 ) 86 (1,272 ) (215 ) 4,059 (499 ) (4,666 ) 86 (1,272 ) (215 ) Derivatives on interest rate (15 ) 16 (11 ) (3 ) 3 (15 ) 16 (11 ) (3 ) 3 4,044 (483 ) (4,677 ) 83 (1,269 ) (215 ) More i nformation is reported in note 2 8 — Guarantees, Comm itments and Risks — Financial risks . Effects recognized in other operating profit (loss) Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2022 2021 2020 Net income (loss) on cash flow hedging derivatives 275 ) ) Net income (loss) on other derivatives ) 954 ) ) 903 ) Net income (loss) on cash flow hedging derivatives related to the ineffective portion of the hedging relationship on commodity derivatives was recognized through profit and loss. Net income (loss) on other derivatives included the fair value measurement and settlement of commodity derivatives which could not be elected for hedge accounting under IFRS because they related to net exposure to commodity risk and derivatives for trading purposes and proprietary trading. Effects recognized in finance income (loss) (€ million) 2022 2021 2020 Derivatives on exchange rate ) ) 391 Derivatives on interest rate 81 16 ) Options 2 13 ) 351 Net financial income from derivative financial instruments was recognized in connection with the fair value valuation of certain derivatives which lacked the formal criteria to be treated in accordance with hedge accounting under IFRS, as they were entered into for amounts equal to the net exposure to exchange rate risk and interest rate risk, and as such, they cannot be referred to specific trade or financing transactions. Exchange rate derivatives were entered into in order to manage exposures to foreign currency exchange rates arising from the pricing formulas of commodities. More information is disclosed in note 36 – Transactions with related parties. |
Assets held for sale and liabil
Assets held for sale and liabilities directly associated with assets held for sale | 12 Months Ended |
Dec. 31, 2022 | |
Assets held for sale and liabilities directly associated with assets held for sale | |
Assets held for sale and liabilities directly associated with assets held for sale | 25 Assets held for sale and liabilities directly associated with assets held for sale As of December 31, 2022, assets held for sale of €264 million (€263 million at 31 December 2021) and directly associated liabilities of €108 million (€124 million at 31 December 2021) mainly related to: (i) the agreement with Snam SpA relating to the sale of 49.9% stake in the consolidated subsidiary Eni Corridor Srl which owns (directly and indirectly) the stakes in the companies that manage the two During the year, assets indicated in the 2021 financial statements have been sold, and related to: (i) assets in Pakistan described in note 5 – Business combinations and other significant transactions; (ii) the investment Gas Distribution Company of Thessaloniki – Thessaly SA (EDA Thess) operating in the gas distribution business in Greece, sold to Depa Infrastructure, a company of Italgas Group for €165 million with a capital gain of €30 million. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity | |
Equity | 2 6 Equity Non -controlling interest Net Profit Equity (€ million) 2022 2021 December 31, 2022 December 31, 2021 EniPower Group 54 7 373 30 Others 20 12 98 52 74 19 471 82 Equity attributable to equity holders of Eni (€ million) December 31, 2022 December 31, 2021 Share capital 4,005 4,005 Retained earnings 23,455 22,750 Cumulative currency translation differences 7,564 6,530 Other reserves and equity instruments: - Perpetual subordinated bonds 5,000 5,000 - Legal reserve 959 959 - Reserve for treasury shares 2,937 958 - Reserve for OCI on cash flow hedging derivatives net of tax effect (342 ) (896 ) - Reserve for OCI on defined benefit plans net of tax effect (58 ) (117 ) - Reserve for OCI on equity-accounted investments 46 54 - Reserve for OCI on other investments valued at fair value 53 141 - Other reserves 190 190 Treasury shares (2,937 ) (958 ) Profit for the year 13,887 5,821 54,759 44,437 Share capital As of December 31, 20 2 2 , the parent company’s issued share capital consisted of €4,005,358,876 (same amount as of December 31, 2021 ) represented by 3,571,487,977 ordinary shares without nominal value ( 3,605,594,848 ordinary shares at December 31, 2021 ) . On May 11 , 202 2 , Eni’s Shareholders’ Meeting resolved: (i) to distribute a dividend of € 0.43 per share, with the exclusion of treasury shares held at the ex-dividend date, in full settlement of the 20 2 1 dividend of € 0.43 per share , for a total dividend per share of the year 2021 of €0.86 ; (ii) the cancellation of 34,106,871 treasury shares, keeping the amount of the share capital unchanged and proceeding with the reduction of the related reserve by an amount of €400 million (same amount of the book value of the canceled shares); (iii) to empower the Board of Directors to execute a buy-back program of Eni’s shares up to 10% of ordinary shares outstanding, expiring on April 2023 , for a total amount up to € 2.5 billion . In execution of this resolution, in 202 2 195,550,084 shares were acquired , at a cost of € 2.4 b illion. Retained earnings Retained earnings included t he interim dividend distribution for 202 2 amount ing to € 1,500 million corresponding to € 0.44 per share . The Board of Directors in accordance with Article 2433-bis, paragraph 5 of the Italian Civil Code , resolved : (i) on July 28 , 202 2 , to pay the first tranche of d ividend o f €0.22 for each outstanding share at the ex-dividend date of the September 19, 2022, with payment due on September 21, 2022; (ii) o n October 27, 2022, to distribute to shareholders the second tranche of the 2022 dividend of €0.22 for each outstanding share on the ex-dividend date of November 21, 2022, with payment on November 23, 2022 ; (iii) on February 22, 2023 to distribute to shareholders the third (of four) tranche of the 2022 dividend, out of the available reserves, of €0.22 for each outstanding share, with the exclusion of treasury shares in portfolio at the dividend date. Cumulative foreign currency translation differences The cumulative foreign currency translation differences arose from the translation of financial statements denominated in currencies other than euro. Perpetual subordinated hybrid bonds The hybrid bonds are governed by English law and are traded on the regulated market of the Luxembourg Stock Exchange . As of December 31, 202 2 , hybrid bonds amounted to € 5 billion (same amount as at December 31, 2021) . The key characteristics of the two bonds are: (i) an issue of €1.5 billion perpetual 5.25-year subordinated non-call hybrid notes with a re-offer price of 99.403% and an annual fixed coupon of 2.625% until the first reset date of January 13, 2026. As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the bond will bear interest per annum determined according to the relevant 5-year Euro Mid Swap rate plus an initial spread of 316.7 basis points, increased by an additional 25 basis points as from January 13, 2031 and a subsequent increase of additional 75 basis points as from January 13, 2046; (ii) an issue of €1.5 billion perpetual 9-year subordinated non-call hybrid notes with a re-offer price of 100% and an annual fixed coupon of 3.375% until the first reset date of October 13, 2029. As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the bond will bear interest per annum determined according to the relevant 5-year Euro Mid Swap rate plus an initial spread of 364.1 basis points, increased by additional 25 basis points as from October 13, 2034 and a subsequent increase of additional 75 basis points as from October 13, 2049 ; (iii) an issue of €1 billion perpetual 6-year subordinated non-call hybrid notes with a re-offer price of 100% and an annual fixed coupon of 2.000% until the first reset date of May 11, 2027. As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the bond will bear interest per annum determined according to the relevant 5-year Euro Mid Swap rate plus an initial spread of 220.4 basis points, increased by additional 25 basis points as from May 11, 2032 and a subsequent increase of additional 75 basis points as from May 11, 2047 ; (iv) an issue of €1 billion perpetual 9-year subordinated non-call hybrid notes with a re-offer price of 99.607 % and an annual fixed coupon of 2.750 % until the first reset date of May 11, 2030 . As from such date, unless it has been redeemed in whole on or before the first reset date, which is the last day for the first optional redemption, the bond will bear interest per annum determined according to the relevant 5-year Euro Mid Swap rate plus an initial spread of 277.1 basis points, increased by additional 25 basis points as from May 11, 2035 and a subsequent increase of additional 75 basis points as from May 11, 2050 . Legal reserve This reserve represents earnings restricted from the payment of dividends pursuant to Article 2430 of the Italian Civil Code. The legal reserve has reached the maximum amount required by the Italian Law. Reserve for treasury shares The reserve for treasury shares represents the reserve that was established in previous reporting period s to repurchase the Company shares in accordance with resolutions at Eni’s Shareholders’ Meetings. Reserves for Other Comprehensive Income Reserve for OCI on cash flow hedge derivatives Reserve for OCI on defined benefit plans Reserve for OCI on equity-accounted investments(*) Reserve for OCI on investments valued at fair value (€ million) Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Reserve as of December 31, 2021 (1,269 ) 373 (896 ) (84 ) (33 ) (117 ) 54 141 Changes of the year (3,883 ) 1,133 (2,750 ) 60 (5 ) 55 92 56 Currency translation differences 1 1 Reversal to inventories adjustments (8 ) 2 (6 ) Reclassification to retained earnings (144 ) Changes in scope of consolidation 3 3 1 Reclassification adjustments 4,677 (1,367 ) 3,310 (101 ) Reserve as of December 31, 2022 (483) 141 (342 ) (20 ) (38 ) (58 ) 46 53 Reserve as of December 31, 2020 (7 ) 2 (5 ) (205 ) 47 (158 ) 85 36 Changes of the year (1,479 ) 434 (1,045 ) 119 (77 ) 42 (32 ) 105 Currency translation differences 2 (3 ) (1 ) 1 Reversal to inventories adjustments 2 (1 ) 1 Reclassification adjustments 215 (62 ) 153 Reserve as of December 31, 2021 (1,269 ) 373 (896 ) (84 ) (33 ) (117 ) 54 141 (*) Reserve for OCI on equity-accounted investments at December 31, 2022 includes € 1 4 Other reserves Other reserves related to a reserve of € 190 million representing the increase in equity attributable to Eni as sociated with a business combination under common control, whereby the parent company Eni SpA divested its subsidiaries. Treasury shares A total of 226,097,834 of Eni’s ordinary shares ( 65,838,173 at December 31, 2021 ) were held in treasury for a total cost of € 2,937 million ( € 958 million at December 31, 2021 ) . During 202 2 , 195,550,084 shares were acquired, for a total value of € 2,400 million, 34,106,871 treasury shares have been cancelled for a total value of €400 million and 1,183,552 treasury shares were assigned free of charge to , following the conlcusion of the Vesting Period as required by the “Long-Term Monetary Incentive Plan 2017-2019” approved by Eni's Shareholders' Meeting of April 13, 2017. On May 13 , 20 2 2 , the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 20 20 -20 22 and empowered the Board of Directors to execute the Plan by authorizing it to dispose up to a maximum of 20 million of treasury shares in service of the Plan. Distributable reserves As of December 31, 20 2 2 , equity attributable to Eni included distributable reserves of approximately €45 billion. Reconciliation of profit and equity of the parent company Eni SpA to the consolidated profit and equity Profit Shareholders’ equity (€ million) 2022 2021 December 31, 2022 December 31, 2021 As recorded in Eni SpA's Financial Statements 5,403 7,675 52,520 51,039 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company 7,375 (3,324 ) (1,302 ) (9,910 ) Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity 153 153 - adjustments to comply with Group accounting policies 797 1,855 4,468 4,266 - elimination of unrealized intercompany profits 124 (176 ) (533 ) (654 ) - deferred taxation 262 (190 ) (76 ) (375 ) 13,961 5,840 55,230 44,519 Non-controlling interest (74 ) (19 ) (471 ) (82 ) As recorded in Consolidated Financial Statements 13,887 5,821 54,759 44,437 |
Other information
Other information | 12 Months Ended |
Dec. 31, 2022 | |
Other information | |
Other information | 2 7 Other information Supplemental cash flow information (€ million) 2022 2021 2020 Investment in consolidated subsidiaries and businesses Current assets 147 262 15 Non-current assets 2,463 2,698 193 Net borrowings (541 ) (486 ) (64 ) Current and non-current liabilities (366 ) (349 ) (17 ) Net effect of investments 1,703 2,125 127 Fair value of investments held before the acquisition of control (21 ) (99 ) Non-controlling interests (15 ) (4 ) (15 ) Purchase price 1,667 2,022 112 Cash and cash equivalents acquired (31 ) (121 ) (3 ) Consolidated subsidiaries and businesses net of cash and cash equivalent acquired 1,636 1,901 109 Disposal of consolidated subsidiaries and businesses Current assets 1,377 2 Non-current assets 8,618 Net borrowings (2,085 ) Current and non-current liabilities (2,351 ) Net effect of disposals 5,559 2 Current value of the stake held for business combinations (5,726 ) Reclassification among other items of OCI (918 ) Gain on disposal of business combinations 2,704 Credits for divestments (1,609 ) Selling price 10 2 Cash and cash equivalents sold (70 ) Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of (60 ) 2 Business combination Unión Fenosa Gas Investment in Unión Fenosa Gas sold 232 Investments and businesses acquired Current assets 370 Non-current assets 378 Net borrowings (128 ) Long-term and short-term liabilities (420 ) Total investments and businesses acquired 200 Total net disposals 32 Cash and cash equivalents acquired 42 Business combination Unión Fenosa Gas net of cash and cash equivalent acquired 74 Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of (60 ) 76 Investments and disposals in 2022 are disclosed in note 5 – Business Combinations and other significant transactions. Investments in 2021 concerned: (i) the acquisition of a 100% stake of Aldro Energía y Soluciones SLU (now Eni Plenitude Iberia SLU) active in the market for the sale of power, gas and services in the retail business with a portfolio of around 250 thousand customers mainly in Spain and Portugal; (ii) the acquisition of a 100% stake of the company FRI-EL Biogas Holding (now EniBioCh4in SpA) active in the sector of power production from bioenergy with 21 plants each with a nominal power of 2 megawatts. The acquired assets include a plant for the treatment of OFMSW - the Organic Fraction of Municipal Solid Waste; (iii) the acquisition from Glennmont Partners and PGGM Infrastructure Fund of a portfolio of thirteen operating onshore wind farms, with a total capacity of 315 MW; (iv) the acquisition of Dhamma Energy Group, owner of a pipeline of photovoltaic plant in France and Spain at various stages of maturity of approximately 3 GW, as well as plants in operation or under construction with a capacity of approximately 120 MW; (v) the acquisition from Azora Capital of a portfolio of nine renewable energy projects consisting of three wind farms in operation and one under construction for a total of 234 MW and five photovoltaic projects in an advanced stage of development for approximately 0.9 GW; (vi) the acquisition of control of Finproject by exercising the call option on the remaining 60% of the share capital, after the initial investment of 40% made in 2020; (vii) a 100% stake in Be Power, acquired by Zouk Capital and Aretex, companies active in the segment of charging infrastructure for power mobility with about 6,000 charging points, the second largest operator in Italy, with which it was a co-branding agreement for the Be Charge charging stations is in place. Disposals in 2021 related to the restructuring of the joint venture Unión Fenosa Gas SA following the agreements with the authorities of the Arab Republic of Egypt (ARE) and the Spanish partner Naturgy for the resolution of all outstanding issues of the joint venture with Egyptian partners which resulted in an overall cash adjustment for the benefit of Eni, represented in the disposals. Investments in 2020 related to the acquisition by Eni gas e luce SpA Società Benefit (now Eni Plenitude SpA Società Benefit) of a 70% controlling stake in Evolvere, a group operating in the business of distributed generation from renewable sources for €97 million, net of acquired cash of €3 million, and to the acquisition by Eni New Energy SpA of the whole capital of three companies holding authorization rights for the construction of three wind projects in Puglia for €12 million. B usiness combinations and other significant transactions The provisional and definitive price allocation of the net assets acquired in 2021 is shown below: (€ million) FRI‐EL Biogas Holding (now EniBioCh4in SpA) Provisional allocation FRI‐EL Biogas Holding (now EniBioCh4in SpA) Definitive allocation Portfolio of thirteen on-shore wind facilities Provisional allocation Portfolio of thirteen on-shore wind facilities Definitive allocation Dhamma Energy Group Provisional allocation Dhamma Energy Group Definitive allocation Portfolio of nine renewable energy projects Provisional allocation Portfolio of nine renewable energy projects Definitive allocation Be Power Provisional allocation Be Power Definitive allocation Current assets 23 23 32 31 2 3 7 7 22 22 Property, plant and equipement 38 144 423 209 119 94 57 21 29 29 Goodwill 80 9 302 307 120 124 81 79 728 718 Current and non current assets 15 15 43 252 15 33 25 68 10 22 Cash and cash equivalent (Net borrowings) (14 ) (14 ) (215 ) (214 ) (101 ) (97 ) (32 ) (38 ) 9 10 Current and non current liabilities (9 ) (44 ) (100 ) (100 ) (12 ) (11 ) (20 ) (21 ) (34 ) (37 ) Net effects of investments 133 133 485 485 143 146 118 116 764 764 Non-controlling interests (1 ) (1 ) (3 ) (3 ) Total purchase price 132 132 485 485 140 143 118 116 764 764 |
Guarantees, commitments and ris
Guarantees, commitments and risks | 12 Months Ended |
Dec. 31, 2022 | |
Guarantees, commitments and risks | |
Guarantees, commitments and risks | 28 Guarantees, commitments and risks Guarantees (€ million) December 31, 2022 December 31, 2021 Consolidated subsidiaries 7,082 6,432 Unconsolidated subsidiaries 202 190 Joint ventures and associates 9,802 3,358 Others 477 180 17,563 10,160 Guarantees issued on behalf of consolidated subsidiaries primarily consisted of: (i) autonomous guarantee contracts given to third parties relating to bid bonds and performance bonds for €3,282 million (€3,601 million at December 31, 2021); (ii) autonomous guarantee contracts issued by the Exploration & Production segment primarily in relation to oil & gas activities for €1,098 million (€943 million at December 31, 2021); (iii) autonomous guarantee contracts issued to cover the sale of gas stored, gas transportation and potential exposures to the gas system in Italy for €388 million (€16 million at December 31, 2021); autonomous guarantee contracts issued to third parties for the purchase of equity investments for €252 million (€913 million at December 31, 2021). At December 31, 2022, the underlying commitment issued on behalf of consolidated subsidiaries covered by these guarantees was €7,003 million (€6,267 million at December 31, 2021). Guarantees issued on behalf of joint ventures and associates primarily consisted of: (i) autonomous guarantee contracts and other personal guarantees given to the Azule Group for €3,164 million relating to leasing contracts of FPSO vessels to be used as part of the development projects in Angola; (ii) autonomous guarantee contracts and other personal guarantees given to third parties relating to bid bonds and performance bonds for € autonomous guarantee contracts issued towards banks and other lending institutions for €1,499 million (€1,413 million at December 31, 2021) in relation to loans and credit lines received as part of the Coral development project offshore Mozambique with respect to the financing agreements of the project with Export Credit Agencies and banks; (iv) autonomous guarantee contracts issued in favor to third parties for the investment in the offshore wind project of Dogger Bank for €1,259 million (€494 million at December 31, 2021). In 2022, the consolidated company Eni North Sea Wind Ltd, owner of the 20% stake in the Dogger Bank A, B and C projects was conferred to the Norwegian joint venture Vårgrønn AS (Eni's interest 65%). At December 31, 2022, the underlying commitment issued on behalf of joint ventures and associates covered by these guarantees was €6,859 million (€1,816 million at December 31, 2021). As provided by the contract that regulates the petroleum activities in Area 4 offshore Mozambique, Eni SpA in its capacity as parent company of the operator has provided concurrently with the approval of the development plan of the reserves which are located exclusively within the concession area, an irrevocable and unconditional parent company guarantee in respect of any possible claims or any contractual breaches in connection with the petroleum activities to be carried out in the contractual area, including those activities in charge of the special purpose entities like Coral FLNG SA, to the benefit of the Government of Mozambique and third parties. The obligations of the guarantor towards the Government of Mozambique are unlimited (non-quantifiable commitments), whereas they provide a maximum liability of €1,405 million in respect of third-parties claims. This guarantee will be effective until the completion of any decommissioning activity related to both the development plan of Coral as well as any development plan to be executed within Area 4 (particularly the Mamba project). This parent company guarantee issued by Eni covering 100% of the aforementioned obligations was taken over by the other concessionaires (Kogas, Galp and ENH) and by ExxonMobil and CNPC shareholders of the joint venture Mozambique Rovuma Venture SpA, in proportion to their respective participating interest in Area 4. Guarantees issued on behalf of third parties consisted of: (i) a guarantee issued in favor of Gulf LNG Energy and Gulf LNG Pipeline on behalf of Angola LNG Supply Service Llc (Eni’s interest 13.60%) to cover contractual commitments of paying re-gasification fees for €190 million (€179 million at December 31, 2021). During 2022, the company Angola LNG Supply Service Llc was conferred to Azule Energy Holdings Ltd (Eni's interest 50%); (ii) related for €167 million (€157 million at December 31, 2021) to the share of the guarantee attributable to the State oil Company of Mozambique ENH, which was assumed by Eni in favor of the consortium financing the construction of the Coral project FLNG vessel. At December 31, 2022, the underlying commitment issued on behalf of third parties covered by these guarantees was €323 million (€124 million at December 31, 2021). Commitments and risks (€ million) December 31, 2022 December 31, 2021 Commitments 77,481 75,201 Risks 1,228 934 78,709 76,135 Commitments related to: (i) parent company guarantees that were issued in connection with certain contractual commitments for hydrocarbon exploration and production activities and quantified, based on the capital expenditures to be incurred, to be €73,334 million (€70,039 million at December 31, 2021). The increase was primarily determined by exchange rate differences; (ii) a parent company guarantee of €3,748 million (€3,532 million at December 31, 2021) given on behalf of Eni Abu Dhabi Refining & Trading BV following the Share Purchase Agreement to acquire from Abu Dhabi National Oil Company (ADNOC) a 20% equity interest in ADNOC Refining and the set-up of ADNOC Global Trading Ltd dedicated to marketing petroleum products. The parent company guarantee still outstanding has been issued to guarantee the obligations set out in the Shareholders Agreements and will remain in force as long as the investment is maintained; (iii) commitments of the Plenitude business line for the purchase of renewable energy projects in Spain, United States and Italy for €210 million. Risks relate to potential risks associated with : (i) contractual assurances given to acquirers of certain investme nts and businesses of Eni for € 262 million (€246 million at December 31, 2021 ); (ii) assets of third parties under the c ustody of Eni for € 957 million (€ 688 million at December 31, 2021 ) . Other commitments and risks A parent company guarantee was issued on behalf of Cardón IV SA (Eni ’s interest 50%), a joint venture operating the Perla gas field located in Venezuela, for the supply to PDVSA GAS of the volumes of gas produced by the field until the end of the concession agreement (2036). In case of failure on part of the operator to deliver the contractual gas volumes out of production, the claim under the guarantee will be determined by applying the local legislation. Eni ’s share (50%) of the contractual volumes of gas to be delivered to PDVSA GAS amounted to a total of around € 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. Other commitments include the agreements entered into for forestry initiatives, implemented within the low carbon strategy defined by the Company, concern ing the commitments for the purchase , until 2038 , of carbon credits produced and certified according to international standards by subjects specialized in forest conservation programs. On February 5, 2021, EniServizi SpA (EniServizi) signed on behalf of Eni SpA (Eni) an addendum to the lease contract of a property to be built signed between Eni and the management company of the real estate investment fund owner of the new complex under construction in San Donato Milanese (the Property), including the postponement of the delivery date of the property from July 28, 2020 to December 31, 2021. As of December 31, 2022, the real estate complex was not yet available to Eni which, therfore, claimed penalties for late delivery of approximately €18 million to the landlord, as provided for in the lease agreement and supported by a first demand guarantee. In this context, the landlord complained that the delays would not be entirely attributable to itself because of the following reasons: (i) effects of the pandemic crisis; (ii) alleged defects found in relation to the preparatory works for the sale of the area; (iii) alleged design defects. Also on the basis of these complaints, the landlord expressed its intention to charge EniServizi and/or Eni at least part of the claims made against the owner. In this regard, confirming the complete impartiality and neutrality of Eni and EniServizi with respect to the contractual relationships between the landlord and its contractor (confirmed in several communications), the Company reaffirmed that the delays relating to points i) and ii) have already been object of a settlement in the aforementioned agreement of February 5, 2021 and therefore comprised in the updated delivery date of December 31, 2021. With regard to point iii), the landlord in the purchase contract of the area declared to accept the project without any reservation or exception assuming all the consequent risks and responsibilities, as well as to not to be entitled to any higher payment, compensation or extension of terms for errors, omissions or other defects in the project. The above concerns out-of-court communications between the parties, as no litigation has been initiated to date. At the moment, therefore, it is not known what could be the object, the reasons or the probative allegations of a possible legal action brought by the counterparty. In addition, Eni, subsequent to the divestiture of certain Eni assets, including businesses and investments, is liable for certain non-quantifiable risks related to contractual guarantees against certain contingent liabilities deriving from tax, social security contributions, environmental issues and other matters applicable to periods during which such assets were operated by Eni or as a result of the loss of control in subsidiaries. Eni believes such matters will not have a material adverse effect on Eni’s results of operations and cash flow. Risk factors The following is the description of financial risks and their management and control. With reference to the issues related to credit risk, the parameters adopted for the determination of expected losses and the estimates of the probability of default and the loss given default have been updated to take into account the impacts associated with the conflict between Russia and Ukraine and the current energy crisis . As of December 31, 202 2 , the Company retains liquidity reserves that management deems enough to meet the financial obligations due in the next eighteen months Financial risks Financial risks are managed in respect of the guidelines issued by the Board of Directors of Eni SpA in its role of directing and setting the risk limits, targeting to align and centrally coordinate Group companies’ policies on financial risks (“Guidelines on financial risks management and control”). The “Guidelines” define for each financial risk the key components of the management and control process, such as the target of the risk management, the valuation methodology, the structure of limits, the relationship model and the hedging and mitigation instruments. Market risk Market risk is the possibility that changes in currency exchange rates, interest rates or commodity prices will adversely affect the value of the Group’s financial assets, liabilities or expected future cash flows. The Company actively manages market risk in accordance with a set of policies and guidelines that provide a centralized model of handling finance, treasury and risk management transactions based on the Company’s departments of operational finance: the parent company’s (Eni SpA) finance department, Eni Finance International SA and Banque Eni SA, which is subject to certain bank regulatory restrictions preventing the Group’s exposure to concentrations of credit risk, and Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA that are in charge to execute certain activities relating to commodity derivatives. In particular, Eni Corporate finance department and Eni Finance International SA manage subsidiaries’ financing requirements in and outside Italy, respectively, covering funding requirements and using available surpluses. All transactions concerning currencies and derivative contracts on interest rates and currencies different from commodities of Eni are managed by Eni Corporate finance department, while Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA execute the negotiation of commodity derivatives over the market. Eni SpA, Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA (also through the subsidiary Eni Trading & Shipping Inc) perform trading activities in financial derivatives on external trading venues, such as European and non-European regulated markets, Multilateral Trading Facility (MTF), Organized Trading Facility (OTF), or similar and brokerage platforms (i.e. SEF), and over the counter on a bilateral basis with external counterparties. Other legal entities belonging to Eni that require financial derivatives enter into these transactions through Eni Trade & Biofuels SpA, Eni Global Energy Markets SpA and Eni SpA based on the relevant asset class expertise. Eni uses derivative financial instruments (derivatives) in order to minimize exposure to market risks related to fluctuations in exchange rates relating to those transactions denominated in a currency other than the functional currency (the euro) and interest rates, as well as to optimize exposure to commodity prices fluctuations taking into account the currency in which commodities are quoted. Eni monitors every activity in derivatives classified as risk-reducing directly or indirectly related to covered industrial assets, so as to effectively optimize the risk profile to which Eni is exposed or could be exposed. If the result of the monitoring shows those derivatives should not be considered as risk reducing, these derivatives are reclassified in proprietary trading. As proprietary trading is considered separately from the other activities in specific portfolios of Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA, their exposure is subject to specific controls, both in terms of Value at Risk (VaR) and Stop Loss and in terms of nominal gross value. For Eni, the gross nominal value of proprietary trading activities is compared with the limits set by the relevant international standards. The framework defined by Eni’s policies and guidelines provides that the valuation and control of market risk is performed on the basis of maximum tolerable levels of risk exposure defined in terms of limits of Stop Loss, which expresses the maximum tolerable amount of losses associated with a certain portfolio of assets over a pre-defined time horizon; limits of revision strategy, which consist in the triggering of a revision process of the strategy in the event of exceeding the level of profit and loss given and VaR, which measures the maximum potential loss of the portfolio, given a certain confidence level and holding period, assuming adverse changes in market variables and taking into account the correlation among the different positions held in the portfolio. Eni’s finance department defines the maximum tolerable levels of risk exposure to changes in interest rates and foreign currency exchange rates in terms of VaR, pooling Group companies’ risk positions maximizing, when possible, the benefits of the netting activity. Eni’s calculation and valuation techniques for interest rate and foreign currency exchange rate risks are in accordance with banking standards, as established by the Basel Committee for bank activities surveillance. Tolerable levels of risk are based on a conservative approach, considering the industrial nature of the Company. Eni’s guidelines prescribe that Eni Group companies minimize such kinds of market risks by transferring risk exposure to the parent company finance department. Eni’s guidelines define rules to manage the commodity risk aiming at optimizing core activities and pursuing preset targets of stabilizing industrial and commercial margins. The maximum tolerable level of risk exposure is defined in terms of VaR, limits of revision strategy, Stop Loss and volumes in connection with exposure deriving from commercial activities, as well as exposure deriving from proprietary trading, exclusively managed by Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA. Internal mandates to manage the commodity risk provide for a mechanism of allocation of the Group maximum tolerable risk level to each business unit. In this framework, Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA, in addition to managing risk exposure associated with their own commercial activity and proprietary trading, pool the requests for negotiating commodity derivatives and execute them in the marketplace. According to the targets of financial structure included in the financial plan approved by the Board of Directors, Eni decided to retain a cash reserve to face any extraordinary requirement. Eni’s finance department, with the aim of optimizing the efficiency and ensuring maximum protection of capital, manages such reserve and its immediate liquidity within the limits assigned. The management of strategic cash is part of the asset management pursued through transactions on own risk in view of optimizing financial returns, while respecting authorized risk levels, safeguarding the Company’s assets and retaining quick access to liquidity. The four different market risks, whose management and control have been summarized above, are described below. Market risk - Exchange rate Exchange rate risk derives from the fact that Eni’s operations are conducted in currencies other than euro (mainly U.S. dollar). Revenues and expenses denominated in foreign currencies may be significantly affected by exchange rate fluctuations due to conversion differences on single transactions arising from the time lag existing between execution and definition of relevant contractual terms (economic risk) and conversion of foreign currency-denominated trade and financing payables and receivables (transactional risk). Exchange rate fluctuations affect the Group’s reported results and net equity as financial statements of subsidiaries denominated in currencies other than euro are translated from their functional currency into euro. Generally, an appreciation of U.S. dollar versus euro has a positive impact on Eni’s results of operations, and vice versa. Eni’s foreign exchange risk management policy is to minimize transactional exposures arising from foreign currency movements and to optimize exposures arising from commodity risk. Eni does not undertake any hedging activity for risks deriving from the translation of foreign currency denominated profits or assets and liabilities of subsidiaries, which prepare financial statements in a currency other than euro, except for single transactions to be evaluated on a case-by-case basis. Effective management of exchange rate risk is performed within Eni’s finance departments, which pool Group companies’ positions, hedging the Group net exposure by using certain derivatives, such as currency swaps, forwards and options. Such derivatives are evaluated at fair value based on market prices provided by specialized info-providers. The VaR techniques are based on variance/covariance simulation models and are used to monitor the risk exposure arising from possible future changes in market values over a 24-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 management’s “Finance plan”. The Group’s central departments pool borrowing requirements of the Group companies in order to manage net positions and fund portfolio developments consistent with management plan, thereby maintaining a level of risk exposure within prescribed limits. Eni enters into interest rate derivative transactions, in particular interest rate swaps, to effectively manage the balance between fixed and floating rate debt. Such derivatives are evaluated at fair value based on market prices provided from specialized sources. VaR deriving from interest rate exposure is measured daily based on a variance/covariance model, with a 99% confidence level and a 20-day holding period. Market risk - Commodity Price risk of commodities is identified as the possibility that fluctuations in the price of materials and basic products produce significant changes in Eni’s operating margins, determining an impact on the economic result such as to compromise the targets defined in the four-year plan and in the budget. The commodity price risk arises in connection with the following exposures: (i) strategic exposure: exposures directly identified by the Board of Directors as a result of strategic investment decisions or outside the planning horizon of risk management. These exposures include, for example, exposures associated with the program for the production of Oil & Gas reserves, long-term gas supply contracts for the portion not balanced by sales contracts (already stipulated or expected), the margin deriving from the chemical transformation process, the refining margin and long-term storage functional to the logistic-industrial activities; (ii) commercial exposure: concerns the exposures related to components underlying the contractual arrangements of industrial and commercial (contracted exposure) activities normally related to the time horizon of the four-year plan and budget, components not yet under contract but which will be with reasonable certainty (commitment exposure) and the relevant activities of risk management. Commercial exposures are characterized by a systematic risk management activity conducted based on risk/return assumptions by implementing one or more strategies and subjected to specific risk limits (VaR, revision strategy limits and stop loss). In particular, the commercial exposures include exposures subjected to asset-backed hedging activities, arising from the flexibility/optionality of assets; (iii) proprietary trading exposure: transactions carried out autonomously for speculative purposes in the short term and normally not aimed at delivery with the intention of exploiting favorable price movements, spreads and/or volatility implemented autonomously and carried out regardless of the exposures of the commercial portfolio or physical and contractual assets. They are usually carried out in the short term, not necessarily aimed at the delivery and carried out by using financial or similar instruments in accordance with specific limits of authorized risk (VaR, Stop Loss). Strategic risk is not subject to systematic activity of management/coverage that is eventually carried out only in case of specific market or business conditions. Because of the extraordinary nature, hedging activities related to strategic risks are delegated to the top management, previously authorized by the Board of Directors. With prior authorization from the Board of Directors, the exposures related to strategic risk can be used in combination with other commercial exposures in order to exploit opportunities for natural compensation between the risks (natural hedge) and consequently reduce the use of financial derivatives (by activating logics of internal market). With regard to exposures of a commercial nature, Eni's risk management target is to optimize the "core" activities and preserve the economic/financial results. Eni manages the commodity risk through the trading units (Eni Trade & Biofuels SpA and Eni Global Energy Markets SpA) and the exposure to commodity prices through the Group’s finance departments by using financial derivatives traded on the regulated markets MTF, OTF and financial derivatives traded over the counter (swaps, forward, contracts for differences and options on commodities) with the underlying commodities being crude oil, gas, refined products, power or emission certificates. Such financial derivatives are valued at fair value based on market prices provided from specialized sources or, absent market prices, based on estimates provided by brokers or suitable valuation techniques. VaR deriving from commodity exposure is measured daily based on a historical simulation technique, with a 95% confidence level and a one-day Market risk - Strategic liquidity Market risk deriving from liquidity management is identified as the possibility that changes in prices of financial instruments (bonds, money market instruments and mutual funds) affect the value of these instruments in case of sale or when they are valued at fair value in the financial statements. The setting up and maintenance of the liquidity reserve are mainly aimed to guarantee a proper financial flexibility. Liquidity should allow Eni to fund any extraordinary need (such as difficulty in access to credit, exogenous shock, macroeconomic environment, as well as merger and acquisitions) and must be dimensioned to provide a coverage of short-term debts and of medium and long-term finance debts due within a time horizon of 24 months. In order to manage the investment activity of the strategic liquidity, Eni defined a specific investment policy with aims and constraints in terms of financial activities and operational boundaries, as well as governance guidelines regulating management and control systems. In particular, strategic liquidity management is regulated in terms of VaR (measured based on a parametrical methodology with a one-day The following tables show amounts in terms of VaR, recorded in 2022 (compared with 2021), relating to interest rate and exchange rate risks in the first section and commodity risk (aggregated by type of exposure). Regarding the management of strategic liquidity, the table reports the sensitivity to changes in interest rate. (Value at Risk - parametric method variance/covariance; holding period: days; confidence level: %) 2022 2021 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 9.05 2.61 5.19 3.22 11.04 1.29 3.32 3.66 Exchange rate (a) 0.95 0.09 0.29 0.34 0.28 0.11 0.18 0.12 (a) Value at risk deriving from interest and exchange rates exposures include the following finance departments: Eni Corporate Finance Department, Eni Finance International SA and Banque Eni SA. (Value at Risk - Historic simulation method; holding period: 1 day; confidence level: 95 %) 2022 2021 (€ million) High Low Average At year end High Low Average At year end Commercial exposures - Management Portfolio (a) 800.39 30.65 261.41 30.65 42.76 2.91 23.80 2.91 Trading (b) 1.63 0.01 0.36 0.04 1.03 0.12 0.37 0.20 (a) Refers to Global Gas & LNG Portfolio business area, Power Generation & Marketing, Green\Traditional Refining & Marketing, Plenitude, Eni Trading & , Global Energy Markets (commercial portfolio). is calculated on the so-called Statutory view, with a time horizon that coincides with the year considering all the volumes delivered in the year and the relevant financial hedging derivatives. Consequently, during the year the pertaining to GGP, Power G&M, GTR&M and Plenitude during the year presents a decreasing trend following the progressive reaching of the maturity of the positions within the annual horizon. (b) Cross-commodity proprietary trading, through financial instruments, refers to Eni Trading & and Global Energy Markets (London- -Singapore) and Trading & Shipping (Houston). (Sensitivity - Dollar Value of 1 basis point - DVBP) 2022 2021 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity - € Portfolio (a) 0.30 0.16 0.23 0.16 0.40 0.29 0.33 0.30 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity - Dollar value of 1 basis point - DVBP) 2022 2021 ($ million) High Low Average At year end High Low Average At year end Strategic liquidity - US dollar Portfolio (b) 0.13 0.04 0.08 0.04 0.14 0.05 0.11 0.13 (a) Management of strategic liquidity portfolio in US dollar currency starting from August 2017. Credit risk Credit risk is the potential exposure of the Group to losses in case counterparties fail to perform or pay amounts due. Eni defined credit risk management policies consistent with the nature and characteristics of the counterparties of commercial and financial transactions regarding the centralized finance model. The Company adopted a model to quantify and control the credit risk based on the evaluation of the expected loss which represents the probability of default and the capacity to recover credits in default that is estimated through the so-called Loss Given Default. In the credit risk management and control model, credit exposures are distinguished by commercial nature, in relation to sales contracts on commodities related to Eni’s businesses, and by financial nature, in relation to the financial instruments used by Eni, such as deposits, derivatives and securities. Credit risk for commercial exposures Credit risk arising from commercial counterparties is managed by the business units and by the specialized corporate finance and dedicated administration departments and is operated based on formal procedures for the assessment of commercial counterparties, the monitoring of credit exposures, credit recovery activities and disputes. At a corporate level, the general guidelines and methodologies for quantifying and controlling customer risk are defined, in particular the riskiness of commercial counterparties is assessed through an internal rating model that combines different default factors deriving from economic variables, financial indicators, payment experiences and information from specialized primary info providers. The probability of default related to State Entities or their closely related counterparties (e.g. National Oil Company), essentially represented by the probability of late payments, is determined by using the country risk premiums adopted for the purposes of the determination of the WACCs for the impairment of non-financial assets. Finally, for retail positions without specific ratings, risk is determined by distinguishing customers in homogeneous risk clusters based on historical series of data relating to payments, periodically updated. Credit risk for financial exposures With regard to credit risk arising from financial counterparties deriving from current and strategic use of liquidity, derivative contracts and transactions with underlying financial assets valued at fair value, Eni has established internal policies providing exposure control and concentration through maximum credit risk limits corresponding to different classes of financial counterparties defined by the Company’s Board of Directors and based on ratings provided for by primary credit rating agencies. Credit risk arising from financial counterparties is managed by the Eni’s operating finance departments, Eni Global Energy Markets SpA (EGEM), Eni Trade & Biofuels SpA (ETB) and Eni Trading & Shipping Inc (ETS Inc)specifically for commodity derivatives transactions, as well as by companies and business areas limitedly to physical transactions with financial counterparties, consistently with the Group centralized finance model. Eligible financial counterparties are closely monitored by each counterpart and by group of belonging to check exposures against the limits assigned daily and the expected loss analysis and the concentration periodically. Liquidity risk Liquidity risk is the risk that suitable sources of funding for the Group may not be available, or the Group is unable to sell its assets in the marketplace in order to meet short-term finance requirements and to settle obligations. Such a situation would negatively affect Group results, as it would result in the Company incurring higher borrowing expenses to meet its obligations or under the worst of conditions the inability of the Company to continue as a going concern. Eni’s risk management targets include the maintaining of an adequate level of financial resources readily available to deal wit |
Revenues and other income
Revenues and other income | 12 Months Ended |
Dec. 31, 2022 | |
Revenues and other income | |
Revenues and other income | 29 Revenues and other income S ales from operations (€ million) Exploration & Production Global Gas & LNG Portfolio Refining & Marketing and Chemical Plenitude & Power Corporate and Total 2022 Sales from operations 12,896 41,230 58,470 19,726 190 132,512 Products sales and service revenues Sales of crude oil 5,438 20,839 26,277 Sales of oil products 1,070 29,700 30,770 Sales of natural gas and LNG 6,108 40,840 65 5,571 52,584 Sales of petrochemical products 6,241 3 6,244 Sales of 12,448 12,448 Sales of other products 68 411 223 2 704 Services 212 390 1,214 1,484 185 3,485 Products sales and service revenues 12,896 41,230 58,470 19,726 190 132,512 Transfer of goods/services Goods/Services transferred in a specific moment 12,592 41,047 58,145 19,599 58 131,441 Goods/Services transferred over a period of time 304 183 325 127 132 1,071 2021 Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Products sales and service revenues Sales of crude oil 3,573 14,710 18,283 Sales of oil products 885 18,739 19,624 Sales of natural gas and LNG 4,122 16,608 34 3,245 24,009 Sales of petrochemical products 5,652 7 5,659 Sales of power 5,104 5,104 Sales of other products 40 6 132 212 1 391 Services 226 359 784 1,956 180 3,505 8,846 16,973 40,051 10,517 188 76,575 Transfer of goods/services Goods/Services transferred in a specific moment 8,506 16,823 39,836 10,517 72 75,754 Goods/Services transferred over a period of time 340 150 215 116 821 2020 Sales from operations 6,359 5,362 24,937 7,135 194 43,987 Products sales and service revenues Sales of crude oil 1,969 9,024 10,993 Sales of oil products 517 11,852 12,369 Sales of natural gas and LNG 3,505 5,000 20 2,741 11,266 Sales of petrochemical products 3,277 19 3,296 Sales of power 2,345 2,345 Sales of other products 113 (2 ) 36 21 2 170 Services 255 364 728 2,028 173 3,548 6,359 5,362 24,937 7,135 194 43,987 Transfer of goods/services Goods/Services transferred in a specific moment 5,896 5,239 24,639 7,135 78 42,987 Goods/Services transferred over a period of time 463 123 298 116 1,000 (€ million) 2022 2021 2020 Revenues associated with contract liabilities at the beginning of the period 157 658 818 Revenues associated with performance obligations totally or partially satisfied in previous years 1 30 Sales from operations by industry segment and geographical area of destination are disclosed in note 35 – Segment information and information by geographical area . Sales from operations with related parties are disclosed in note 36 – Transactions with related parties. Other income and revenues (€ million) 2022 2021 2020 Gains from sale of assets and businesses 48 107 10 Other proceeds 1,127 1,089 950 1,175 1,196 960 Other proceeds include € 204 million ( € 281 million and € 357 million in 202 1 and 20 20 , respectively ) related to the recovery of the cost share of right - of - use assets pertaining to partners of un incorporated joint operations operated by Eni. Other income and revenues with related parties are disclosed in note 36 – Transactions with related parties. |
Costs
Costs | 12 Months Ended |
Dec. 31, 2022 | |
Costs | |
Disclosure of expenses [text block] | 30 Costs Purchase, services and other charges (€ million) 2022 2021 2020 Production costs - raw, ancillary and consumable materials and goods 85,139 41,174 21,432 Production costs - services 10,303 10,646 9,710 Lease expense and other 2,301 1,233 876 Net provisions for contingencies 2,985 707 349 Other expenses 2,069 1,983 1,317 102,797 55,743 33,684 less: - capitalized direct costs associated with self-constructed assets - tangible assets ) ) ) - capitalized direct costs associated with self-constructed assets - intangible assets ) ) ) 102,529 55,549 33,551 Purchase, services and other charges include d prospecting costs, geological and geophysical studies of exploration activities for € 220 million (€ 194 million and € 196 million in 2021 and 2020, respectively ) . Costs incurred in connection with research and development activities expensed throu gh profit and loss, as they did not meet the requirements to be recognized as long-lived assets, amounted to € 164 million (€177 million and € 157 million in 2021 and 2020, respectively ). Royalties on the extraction rights of hydrocarbons amounted to € 1,570 million (€ 946 million and € 673 million in 2021 and 2020, respectively ). Additions to provisions net of reversal of unu sed provisions related to net additions for environmental liabilities amounting to € 1,700 million (net additions of € 279 million and net reversals of € 15 million in 2021 and 2020, respectively ) and net additions for litigations amounting to € 501 million (net ad ditions of € 162 million and € 76 million in 2021 and 2020, respectively ) . More in formation is provided in note 2 1 – Provisions. Net additions to provisions by segment are disclosed in note 35 – Segment information and information by geographical area . Information about leases is disclosed in note 1 3 – Right-of-us e assets and lease liabilities. Payroll and related costs (€ million) 2022 2021 2020 Wages and salaries 2,311 2,182 2,193 Social security contributions 465 455 458 Cost related to employee benefit plans 174 165 102 Other costs 194 204 239 3,144 3,006 2,992 less: - capitalized direct costs associated with self-constructed assets - tangible assets ) ) ) - capitalized direct costs associated with self-constructed assets - intangible assets ) ) ) 3,015 2,888 2,863 Other costs comprised provisions for redundancy incentives of € 78 million (€ 94 million and € 105 million in 2021 and 2020, respectively ) and costs for defined contribution plans of € 103 million (€ 97 million and € 96 million in 2021 and 2020, respectively ). Cost related to employee benefit plans are described in note 2 2 – Provisions for employee benefits. Costs with related parties are disclosed in note 36 – Transactions with related parties. Average number of employees The Group average number and breakdown of employees by category is reported below: 2022 2021 2020 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 957 19 966 18 993 17 Junior managers 9,084 80 9,143 78 9,280 73 Employees 15,517 420 15,747 380 15,995 349 Workers 6,074 288 5,476 284 4,780 287 31,632 807 31,332 760 31,048 726 The average number of employees was calculated as the average between the number of employees at the beginning and the end of the period. The average number of senior managers included managers employed in foreign countries, whose position is comparable to a senior manager’s status. Long-term monetary incentive plan for the managers of Eni On April 13, 2017 and on May 13, 2020, the Shareholders Meeting approved the Long-Term Monetary Incentive Plan 2017-2019 and 2020-2022 and empowered the Board of Directors to execute the Plan by authorizing it to dispose up to a maximum of 11 million of treasury shares in service of the plan 2017-2019 and 20 million in service of the plan 2020-2022. The Long-Term Monetary Incentive plans provide for three annual awards (2017, 2018 and 2019 and 2020, 2021 and 2022, respectively) and are intended for the Chief Executive Officer of Eni and for the managers of Eni and its subsidiaries who qualify as “senior managers deemed critical for the business”, selected among those who are in charge of tasks directly linked to the Group results or of strategic clout to the business. The Plans provide the granting of Eni shares for no consideration to eligible managers after a three With reference to the 2017-2019 Plan, t he number of shares that will be granted at the end of the vesting period will depend : (i) for 50%, on the market condition in terms of Total Shareholder Return (TSR) of the Eni share compared to the TSR of the FTSE Mib index of the Italian Stock Exchange Market, and to a group of Eni's competitors ("Peer Group") 26 and the TSR of their corresponding stock exchange market 27 ; (ii) for 50%, on the growth in the Net Present Value (NPV) of proved reserves benchmarked against the Peer Group. 26 27 With reference to the 2020-2022 Plan, the number of shares that will be granted at the end of the vesting period will depend on the aiming of the following objectives defined over a three-year performance period, as follows: (i) for 25% on a market objective measured with reference to the the Eni’s group of competitors (Peer Group) as the difference between the Total Shareholder Return (TSR) of Eni Shares and the TSR of the FTSE Mib Index of the Italian Stock Exchange, adjusted with Eni’s correlation index, compared with the benchmark stock index; (ii) for 20% on an industrial objective measured with respect to the Peer Group in terms of annual unit value ($/boe) of the Net Present Value of Proven Reserves (NPV) ; (iii) for 20% on an economic-financial objective measured as the Organic Free Cash Flow ac cumulated in the three-year reference period, compared to the value provided for by the Strategic Plan ; (iv) for 35% on an e nvironmental s ustainability and e nergy t ransition objectiv e in a three-year period consisting of three objectives measured with respect to the Strategic Plan as follows : (a) for 15% to Upstream Scope 1 and Scope 2 CO 2 eq equity emissions (tCO 2 eq/kboe); (b) for 10% on the installed capacity of power generation from renewable sources ; (c) for 10% from the progress of three projects of circular economy. Depending on the performance of the parameters mentioned above, the number of shares that will vest free of charge after three years may range between 0% and 180% of the initial award. Furthermore, a 50% of these is subject to a lock-up clause of one year after the vesting date. The number of shares awarded at the grant date was : (i) 2,069,685 shares in 2022; with a weighted average fair value of € 9.20 per share ; ( i i) 2,365,581 shares in 2021, with a weighted average fair value of € 8.15 per share; ( i i i ) 2,922,749 shares in 2020, with a weighted average fair value of €4.67 per share . The estimation of the fair value was calculated by adopting specific valuation techniques regarding the different performance parameters provided by the plan (the stochastic method for the component related to the TSR and the Black-Scholes model for the component related to the NPV of the reserves , for the 2017-2019 Plan; the stochastic method for the 2020-2022 Plan ), taking into account the fair value of the Eni shar e at the grant date ( between € 12.918 and €14.324 depending on the grant date in relation to the 202 2 award ; between €11.642 and €12.164 depending on the grant date in relation to the 202 1 award ; between €5.885 and €8.303 depending on the grant date in relation to the 2020 award ) , reduced by dividends expected along the vesting period ( between 6.1% and 6.8% of the share price at vesting date in 2022 7.1 % and 7.4% of the share price at vesting date in 2021 7.1% and 10.0% of the share price at vesting date in 2020 ) , considering the volatility of the stock ( between 30 % and 31 % in relation to the 2022 ; between 44 % and 45 % in relation to the 202 1 award; 41% and 44% in relation to the 2020 award ), 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 20 2 2 , the costs related to the long-term monetary incentive plan, recognized as a component of the payroll cost, amounted to € 18 million (€ 16 million and €7 million in 2021 and 2020, respectively ) with a contra-entry to equity reserves. Compensation of key management personnel Compensation , including contributions and collateral expenses, of personnel holding key positions in planning, directing and controlling the Eni Group subsidiar ies, including executive and non-executive officers, general managers and managers with strategic responsibilities in office during the year consisted of the following: (€ million) 2022 2021 2020 Wages and salaries 37 29 30 Post-employment benefits 3 3 2 Other long-term benefits 17 15 12 Indemnities upon termination of employment 9 21 66 47 65 Compensation of Directors and Statutory Auditors of Eni SpA Compensation of Directors amounted to € 11.12 million , € 10.13 million and € 7.54 million in 202 2 , 20 2 1 and 20 20 , respectively. Compensation of Statutory Auditors amounted to € 0.589 million, €0.550 million and €0.571 million in 2022, 2021 and 2020 , respectively . Compensation included emoluments and social security benefits due for the office as Director or Statutory Auditor held at the parent company Eni SpA or other Group subsidiaries, which was recognized as a cost to the Group, even if not subject to personal income tax. |
Finance income (expense)
Finance income (expense) | 12 Months Ended |
Dec. 31, 2022 | |
Finance income (expense) | |
Finance income (expense) | 3 1 Finance income (expense) (€ million) 2022 2021 2020 Finance income 8,450 3,723 3,531 Finance expense ) ) ) Net finance income (expense) from financial assets at fair value through profit or loss ) 11 31 Income (expense) from derivative financial instruments 13 ) 351 Finance income (expense) ) ) ) The analysis of finance income (expense) was as follows: (€ million) 2022 2021 2020 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds ) ) ) Net finance income (expense) on financial assets held for trading ) 11 31 Net expenses on other financial assets valued at fair value with effects on profit and loss 2 ) Interest and other expense due to banks and other financial institutions ) ) ) Interest on lease liabilities ) ) ) Interest from banks 57 4 10 Interest and other income on financial receivables and securities held for non-operating purposes 9 9 12 ) ) ) Exchange differences 238 476 ) Income (expense) from derivative financial instruments 13 ) 351 Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 128 67 97 Capitalized finance expense 38 68 73 Finance expense due to the passage of time (accretion discount) (a) ) ) ) Other finance income (expense) ) ) ) ) ) ) ) ) ) (a) The item related to the increase in provisions for contingencies that are show n at present value in non-current liabilities. Information abou t leases is disclosed in note 1 3 – Right-of-use assets and lease liabilities . The analysi s of derivative financial income (expense) is disclosed in note 2 4 – Derivative financial instruments and hedge accounting. Finance income ( expense ) with related parties are disclosed in note 36 – Transactions with related parties. |
Income (expense) from investmen
Income (expense) from investments | 12 Months Ended |
Dec. 31, 2022 | |
Income (expense) from investments | |
Income (expense) from investments | 3 2 Income (expense) from investments Share of profit (loss) of equity-accounted investments More information is provided in note 16 Share of profit or loss of equity accounted investments by industry segment is disclosed in note 35 Other gain (loss) from investments (€ million) 2022 2021 2020 Dividends 351 230 150 Net gain (loss) on disposals 483 1 Other net income (expense) 2,789 (8 ) (75 ) 3,623 223 75 Dividend income primarily related to Nigeria LNG Ltd for € 247 million (€144 million in 20 2 1 and €113 million in 20 20 ) and to Saudi E uropean Petrochemical Co 'IBN ZAHR' for € 77 million ( € 54 mil l ion in 20 2 1 and € 28 mi l lion in 20 20 ). Gains on disposals referred for € 448 Other net income refers for €2,542 million to the capital gain from the fair value measurement of the business combination between Eni and bp with the establishment of the joint venture Azule Energy Holdings Ltd and includes realized exchange differences on translation of €764 million. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income taxes | |
Income taxes | 3 3 Income taxes (€ million) 2022 2021 2020 Current taxes: - Italian subsidiaries 1,920 439 199 - subsidiaries of the Exploration & Production segment - outside Italy 7,027 3,609 1,517 - other subsidiaries - outside Italy 944 157 84 9,891 4,205 1,800 Net deferred taxes: - Italian subsidiaries ) ) 672 - subsidiaries of the Exploration & Production segment - outside Italy 713 552 73 - other subsidiaries - outside Italy ) 133 105 ) 640 850 8,088 4,845 2,650 Current income taxes payable by Italian subsidiaries include foreign taxes for €69 million. Income taxes included an extraordinary solidarity tax for the year 2022 (€1,036 million) enacted in Italy by Law n. 51/2022, a similar tax enacted in Germany (€163 million) as well as the UK Energy profit levy. The total 2022 income taxes also included an extraordinary contribution as enacted by Law n. 197/2022 (Italian 2023 Budget Law) calculated on the 2022 taxable income, determined considering the distribution of certain revaluation reserves of the parent company. The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24% (same amount in 2021 and 2020) and the effective tax charge is the following: (€ million) 2022 2021 2020 Profit (loss) before taxation 22,049 10,685 ) Tax rate (IRES) (%) 24.0 24.0 24.0 Statutory corporation tax charge (credit) on profit or loss 5,292 2,564 ) Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 3,388 2,301 1,980 - extraordinary contributions for Italian companies in energy sector 1,971 - impact pursuant to foreign tax effects of italian entities 66 108 108 - effect of the valuation of the investments under the equity method 50 180 97 - effect due to the tax regime provided for intercompany dividends 11 54 96 - Italian regional income tax (IRAP) ) 140 107 - tax effects related to previous years ) 52 ) - effect of (241 ) - impact pursuant to (reversal) impairment of deferred tax assets ) ) 1,785 - other adjustments ) 112 ) 2,796 2,281 4,085 Effective tax charge 8,088 4,845 2,650 The higher tax charges at non-Italian subsidiaries related to the Exploration & Production segment for €2,940 million (€2,040 million and €1,777 million in 2021 and 2020, respectively). In 2020, the Group incurred income taxes, despite a pre-tax loss of €5,978 million, due to the economic crisis caused by the COVID-19 having an enduring impact on the hydrocarbons demand and by the revision of the long-term prices and of future cash flows in Eni's activities. The lower projections of future taxable income had two impacts: the recognition of tax charges due to a write-down of deferred tax assets and a reduced capacity to recognize deferred taxes on the losses of the period. |
Earnings (loss) per share
Earnings (loss) per share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings (loss) per share | |
Earnings (loss) per share | 3 4 Earnings (loss) per share Basic earnings (loss) per ordinary share are calculated by dividing net profit (loss) for the period attributable to Eni’s shareholders by the weighted average number of ordinary shares issued and outstanding during the period, excluding treasury shares. Diluted earnings (loss) per share are calculated by dividing the net profit (loss) of t he period attributable to Eni’s shareholders by the weighted average number of shares fully-diluted , excluding treasury shares, and including the number of potential shares to be issued. As of December 31, 20 2 2 , the shares that could be potentially issued related the estimation of new share s that will vest in connection with the 2020-2022 long-term monetary incentive plan s . In determining basic and diluted earnings (loss) per share, the net profit (loss) for the period attributable to Eni is adjusted to take into account the remuneration of perpetual subordinated bonds, net of tax effect, calculated by using the amortized cost method. Reconciliation of the weighted average number of shares used for the calculation for both basic and diluted earnings (loss) per share was as follows: 2022 2021 2020 Weighted average number of shares used for basic earnings (loss) per share 3,483,633,816 3,565,973,883 3,572,549,651 Potential shares to be issued for ILT incentive plan 6,319,989 7,598,593 Weighted average number of shares used for diluted earnings (loss) per share 3,489,953,805 3,573,572,476 3,572,549,651 Eni’s profit (loss) (€ million) 13,887 5,821 (8,635 ) Remunaration of subordinated perpetual bonds net of tax effect (€ million) (109 ) (95 ) Eni’s profit (loss) for basic and diluted earnings (loss) per share (€ million) 13,778 5,726 (8,635 ) Basic earnings (loss) per share (€ per share) 3.96 1.61 (2.42 ) Diluted earnings (loss) per share (€ per share) 3.95 1.60 (2.42 ) |
Segment information and informa
Segment information and information by geographical area | 12 Months Ended |
Dec. 31, 2022 | |
Segment information and information by geographical area | |
Segment information and information by geographical area | 3 5 Segment information and information by geographic area Segment information Eni’s segmental reporting reflects the Group’s operating segments, whose results are regularly reviewed by the Chief Operating Decision Maker (the CEO) to assess segment performance and to make decisions about resources to be allocated to each segment. The organization is based on two General Departments: Natural Resources, to build up the value of Eni’s oil&gas upstream portfolio, with the objective of reducing its carbon footprint by scaling up energy efficiency and expanding production in the natural gas business, and its position in the wholesale market. Furthermore, it will focus its actions on the development of carbon capture and compensation projects. The General Department incorporate s the Company’s oil&gas exploration, development and production activities, natural gas wholesale via pipeline and LNG , forests conservation (REDD+) and CO 2 storage projects. Energy Evolution , focus ed on the evolution of the businesses of power generation, transformation and marketing of products from fossil to bio and blue. The responsibility of this Department include the grow th of power generation from renewable energy and biomethane, the coordinat ion of the bio and circular evolution of the Company’s refining system and chemical business, and the develop ment of Eni’s retail portfolio, providing increasingly more decarbonized products for mobility, household consumption and small enterprises. The General Department incorporate s the activities of power generation from natural gas and renewables, the refining and chemicals businesses, Retail Gas&Power and mobility Marketing. The companies Versalis (chemical products) , Eni Rewind (environmental activities) and Eni P , in their current structure, are consolidated in this General Department . In relation to financial reporting purposes, management evaluated that the components of the Company whose operating results are regularly reviewed by the Chief Operating Decision Maker (CEO) to make decisions about the allocation of resources and to assess performances would continue being the single business units which are comprised in the two newly-established General Departments , rather than the two groups themselves. Therefore, in order to comply with the provisions of the international reporting standard that regulates the segment reporting (IFRS 8), the new reportable segments of Eni, substantially confirming the pre-existing setup, are identified as follows: Exploration & Production : research, development and production of oil, condensates and natural gas, forestry conservation (REDD+) and CO 2 capture and storage projects. Global Gas & LNG Portfolio (GGP) : supply and sale of wholesale natural gas via pipeline, international transport and purchase and marketing of LNG. It includes gas trading activities finalized to hedging and stabilizing the trade margins, as well as optimising the gas asset portfolio. Refining & Marketing and Chemicals : supply, processing, distribution and marketing of fuels and chemicals. The results of the Chemicals segment were aggregated with the Refining & Marketing performance in a single reportable segment, because these two operating segments have similar economic returns. It comprises the activities of trading oil and products with the aim to execute the transactions on the market in order to balance the supply and stabilize and cover the commercial margins. Plenitude & Power : r etail sales of gas, electricity and related services, production and wholesale sales of electricity from thermoelectric and renewable plants , services for E-mobility . It includes trading activities of CO 2 emission certificates and forward sale of electricity with a view to hedging/optimising the margins of the electricity. C orporate and Other activities : includes the main business support functions, in particular holding, central treasury, IT, human resources, real estate services, captive insurance activities, research and development, new technologies, business digitalization and the environmental activity developed by the subsidiary Eni Rewind. Segment information presented to the CEO (i.e. the Chief Operating Decision Maker, ex IFRS 8) include s: revenues , operating profit and directly attributable assets and liabilities. Segment Information (€ million) Exploration & Production Global Gas & LNG Portfolio Refining & Marketing and Chemicals Plenitude & Power Corporate and Other activities Adjustments of intragroup profits Total 2022 Sales from operations including intersegment sales 31,200 48,586 59,178 20,883 1,879 Less: intersegment sales (18,304 ) (7,356 ) (708 ) (1,157 ) (1,689 ) Sales from operations 12,896 41,230 58,470 19,726 190 132,512 Operating profit 15,908 3,730 460 (825 ) (1,901 ) 138 17,510 Net provisions for contingencies (147 ) (393 ) (1,110 ) (14 ) (1,340 ) 19 (2,985 ) Depreciation and amortization (6,018 ) (217 ) (506 ) (358 ) (139 ) 33 (7,205 ) Impairments of tangible and intangible assets and right-of-use assets (613 ) (6 ) (752 ) (125 ) (71 ) (1,567 ) Reversals of tangible and intangible assets and right-of-use assets 181 18 35 162 31 427 Write-off of tangible and intangible assets and right-of-use assets (596 ) (1 ) (2 ) (599 ) Share of profit (loss) of equity-accounted investments 1,526 4 446 (20 ) (115 ) 1,841 Identifiable assets (a) 60,473 12,282 14,925 11,987 1,491 (472 ) 100,686 Unallocated assets (b) 51,444 Equity-accounted investments 7,314 1 3,084 663 1,030 12,092 Identifiable liabilities (a) 17,385 12,572 9,011 4,787 4,416 (68) 48,103 Unallocated liabilities (b) 48,797 Capital expenditure in tangible and intangible assets 6,362 23 878 631 166 (4) 8,056 2021 Sales from operations including intersegment sales 21,742 20,843 40,374 11,187 1,698 Less: intersegment sales (12,896 ) (3,870 ) (323 ) (670 ) (1,510 ) Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Operating profit 10,066 899 45 2,355 (816 ) (208 ) 12,341 Net provisions for contingencies (221 ) (139 ) (137 ) (1 ) (186 ) (23 ) (707 ) Depreciation and amortization (5,976 ) (174 ) (512 ) (286 ) (148 ) 33 (7,063 ) Impairments of tangible and intangible assets and right-of-use assets (194 ) (28 ) (1,342 ) (132 ) (27 ) (1,723 ) Reversals of tangible and intangible assets 1,438 2 112 4 1,556 Write-off of tangible and intangible assets (384 ) (2 ) (1 ) (387 ) Share of profit (loss) of equity-accounted investments 8 (333 ) (766 ) (1,091 ) Identifiable assets (a) 61,753 10,022 13,326 8,343 1,439 (591 ) 94,292 Unallocated assets (b) 43,473 Equity-accounted investments 2,639 17 2,366 667 198 5,887 Identifiable liabilities (a) 17,046 10,072 6,796 3,786 3,338 (49 ) 40,989 Unallocated liabilities (b) 52,257 Capital expenditure in tangible and intangible assets 3,861 19 728 443 187 (4 ) 5,234 2020 Sales from operations including intersegment sales 13,590 7,051 25,340 7,536 1,559 Less: intersegment sales (7,231 ) (1,689 ) (403 ) (401 ) (1,365 ) Sales from operations 6,359 5,362 24,937 7,135 194 43,987 Operating profit (610 ) (332 ) (2,463 ) 660 (563 ) 33 (3,275 ) Net provisions for contingencies (98 ) (64 ) (118 ) 2 (26 ) (45 ) (349 ) Depreciation and amortization (6,273 ) (125 ) (575 ) (217 ) (146 ) 32 (7,304 ) Impairments of tangible and intangible assets and right-of-use assets (2,170 ) (2 ) (1,605 ) (56 ) (22 ) (3,855 ) Reversals of tangible and intangible assets 282 334 55 1 672 Write-off of tangible and intangible assets (322 ) (7 ) (329 ) Share of profit (loss) of equity-accounted investments (980 ) (15 ) (363 ) 6 (381 ) (1,733 ) Identifiable assets (a) 59,439 4,020 10,716 4,387 1,444 (402 ) 79,604 Unallocated assets (b) 30,044 Equity-accounted investments 2,680 259 2,605 217 988 6,749 Identifiable liabilities (a) 17,501 3,785 5,460 2,426 3,316 (83 ) 32,405 Unallocated liabilities (b) 39,750 Capital expenditure in tangible and intangible assets 3,472 11 771 293 107 (10 ) 4,644 (a) Include assets/liabilities directly associated with the generation of operating profit. (b) I nclude assets/liabilities not directly associated with the generation of operating profit. I nformation by geographical area Identifiable assets and investments by geographical area of origin (€ million) Italy Other European Union Rest of Europe Americas Asia Africa Other areas Total 2022 Identifiable assets (a) 29,195 7,689 6,564 8,892 18,653 28,167 1,526 100,686 Capital expenditure in tangible and intangible assets 1,475 415 205 1,266 1,390 3,163 142 8,056 2021 Identifiable assets (a) 23,718 6,902 6,114 5,718 17,483 33,499 858 94,292 Capital expenditure in tangible and intangible assets 1,333 199 202 659 1,203 1,604 34 5,234 2020 Identifiable assets (a) 17,228 4,159 3,174 4,485 16,360 33,341 857 79,604 Capital expenditure in tangible and intangible assets 1,198 152 119 441 1,267 1,443 24 4,644 ( a) Include assets directly associated with the generation of operating profit. Sales from operations by geographical area of destination € million) 2022 2021 2020 Italy 60,090 29,968 14,717 Other European Union 25,413 14,671 9,508 Rest of Europe 21,748 12,470 8,191 Americas 6,929 4,420 2,426 Asia 9,062 7,891 4,182 Africa 9,191 7,040 4,842 Other areas 79 115 121 132,512 76,575 43,987 |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Transactions with related parties | 3 6 Transactions with related parties In the ordinary course of its business, Eni enters into transactions mainly regarding: a) purchase/supply of goods and services and the provision of financing to joint ventures, associates and non-consolidated subsidiaries; b) purchase/supply of goods and services to entities controlled by the Italian Government; c) purchase/supply of goods and services to companies related to Eni SpA through members of the Board of Directors. Most of these transactions are exempt from the application of the Eni internal procedure “Transactions involving interests of Directors and Statutory Auditors and transactions with related parties” pursuant to the Consob Regulation, since they relate to ordinary transactions conducted at market or standard conditions, or because they fall below the materiality threshold provided for by the procedure; d) contributions to non-profit entities correlated to Eni with the aim to develop solidarity, culture and research initiatives. In particular these related to: (i) Eni Foundation, established by Eni as a non-profit entity with the aim of pursuing exclusively solidarity initiatives in the fields of social assistance, health, education, culture and environment, as well as scientific and technological research; and (ii) Eni Enrico Mattei Foundation, established by Eni with the aim of enhancing, through studies, research and training initiatives, knowledge enrichment in the fields of economics, energy and environment, both at the national and international level. Transactions with related parties were conducted in the interest of Eni companies and, with exception of those with entities whose aim is to develop charitable, cultural and research initiatives, are related to the ordinary course of Eni’s business. Transactions and balances with related parties (€ million) December 31, 2022 2022 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 17 71 224 Angola LNG Ltd 79 Coral FLNG SA 10 1,378 12 Azule Group 320 517 3,268 46 1,152 Saipem Group 3 195 9 9 452 Vårgrønn Group 1,259 Karachaganak Petroleum Operating BV 27 251 1,347 Mellitah Oil & Gas BV 58 144 9 234 Petrobel Belayim Petroleum Co 33 595 944 Société Centrale Electrique du Congo SA 47 74 Società Oleodotti Meridionali SpA 6 433 16 14 Vår Energi ASA 58 722 2,378 84 4,085 ) Other (*) 127 76 9 167 338 706 3,004 8,301 417 8,869 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 190 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 139 4 1 15 Other 8 10 11 7 15 147 14 202 22 15 853 3,018 8,503 439 8,884 ) Entities controlled by the Government Cassa Depositi e Prestiti Group 2 47 3 86 Enel Group 438 264 97 275 484 Italgas Group 218 8 84 Snam Group 763 25 1,767 873 Terna Group 119 159 612 701 ) GSE - Gestore Servizi Energetici 207 225 7,786 4,039 3,437 ITA Airways - Italia Trasporto Aereo SpA 3 179 Other 12 35 27 33 1,762 763 10,555 6,007 3,903 Other related parties 2 1 39 Groupement Sonatrach – Eni «GSE» 179 114 33 417 2,794 3,897 8,503 11,028 15,347 3,306 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2021 2021 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 13 57 189 Angola LNG Ltd 73 Angola LNG Supply Services Llc 179 Coral FLNG SA 17 1,260 43 Saipem Group 4 134 9 28 174 Karachaganak Petroleum Operating BV 24 213 989 Mellitah Oil & Gas BV 65 290 3 263 Petrobel Belayim Petroleum Co 24 391 2 651 Société Centrale Electrique du Congo SA 50 66 Societa' Oleodotti Meridionali SpA 6 396 18 12 Vår Energi AS 62 526 495 104 2,224 ) Other (*) 137 53 2 95 234 402 2,060 1,945 359 4,809 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 179 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 124 1 1 13 Other 10 5 10 8 10 134 6 190 21 10 536 2,066 2,135 380 4,819 ) Entities controlled by the Government Enel Group 583 461 41 417 373 Italgas Group 1 49 3 560 Snam Group 160 152 159 1,013 1 Terna Group 51 85 203 309 4 GSE - Gestore Servizi Energetici 311 125 2,216 1,238 766 Other (*) 10 33 20 60 1,116 905 2,642 3,597 1,144 Other related parties 2 33 Groupement Sonatrach – Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 170 79 30 222 1,822 3,052 2,135 3,052 8,671 735 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2020 2020 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 6 52 201 Angola LNG Supply Services Llc 165 Coral FLNG SA 6 1,079 49 Gas Distribution Company of Thessaloniki - Thessaly SA 13 52 Saipem Group 87 254 509 18 350 Karachaganak Petroleum Operating BV 25 141 816 Mellitah Oil & Gas BV 54 250 2 156 Petrobel Belayim Petroleum Co 65 467 556 Societa Oleodotti Meridionali SpA 3 399 20 15 Société Centrale Electrique du Congo SA 48 57 Unión Fenosa Gas SA 11 4 57 9 ) Vår Energi AS 39 190 456 85 1,126 ) Other (*) 72 24 1 66 167 416 1,794 2,267 306 3,439 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 165 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 112 1 1 11 Other 5 23 10 4 9 117 24 176 15 9 533 1,818 2,443 321 3,448 (121 ) Entities controlled by the Government Enel Group 104 165 51 551 86 Italgas Group 1 177 3 714 Snam Group 189 211 45 1,012 Terna Group 46 62 152 225 8 GSE - Gestore Servizi Energetici 52 37 586 309 40 Other (*) 8 49 20 63 400 701 857 2,874 134 Other related parties 1 4 2 53 Groupement Sonatrach – Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 87 52 19 262 1,021 2,575 2,443 1,199 6,637 13 (*) Each individual amount included herein was lower than € 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 «GS E » a nd, only for Karachaganak Petroleum Operating BV, purchase of crude oil by Eni Trad e & Biofuels SpA; services charged to Eni’s associates are invoiced on the basis of incurred costs; • purchase of LNG from Angola LNG Ltd; • supply of upstream specialist services and a guarantee issued on a pro-quota basis granted to Coral FLNG SA on behalf of the Consortium TJS for the contractual obligations assumed following the award of the EPCIC contract for the construction of a floating gas liquefaction plant (for more information see note 2 8 – Guarantees, commitments and risks); • receivable s for divestment activities linked to the contribution of Eni’s former subsidiaries in Angola, in exchange of a participating interest in Azule Holdings, the purchase of crude oils and the issue of guarantees against leasing contracts of FPSO vessels from the Azule Group; • engineering, construction and drilling services by Saipem Group mainly for the Exploration & Production segment; • a guarantee issued to Vårgrønn Group in relation to the participation in the Dogger Bank offshore wind project; • the sale of gas to Société Centrale Electrique du Congo SA ; • advance received from Società Oleodotti Meridionali SpA for the infrastructure upgrade of the crude oil transport system at the Taranto refinery; • guarantee s issued in compliance with contractual agreements in the interest of Vår Energi AS A , the supply of upstream specialist services and maritime transport, the purchase of crude oil, condensates and gas and the realized part of the forward contracts for the purchase of gas ; • a guarantee issued in relation to Eni BTC Ltd for the construction of an oil pipeline ; and • services for environmental restoration to Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation). The most significant transactions with entities controlled by the Italian Government concerned: • a ctivities aimed at guaranteeing the operation, upgrading and efficiency of the plants for the Ansaldo group of Cassa Depositi e Prestiti; • sale of fuel, sale and purchase of gas, purchase of LNG, acquisition of power distribution services and fair value of derivative financial instruments with Enel Group; • acquisition of natural gas transportation, distributi on and storage services with Snam Group and Italgas Group on the basis of the tariffs set by the Italian Regulatory Authority for Energy, Networks and Environment and purchase and sale with Snam Group of natural gas for granting the system balancing on the basis of prices referred to the quotations of the main energy commodities; • acquisition of domestic electricity transmission service and sale and purchase of electricity for granting the system balancing based on prices referred to the quotations of the main energy commodities, and derivatives on commodities entered to hedge the price risk related to the utilization of transport capacity rights with Terna Group; • sale and purchase of electricity, gas, environmental certificates, fair value of derivative financial instruments , sale of oil products and storage capacity with GSE - Gestore Servizi Energetici for the setting-up of a specific stock held by the Organismo Centrale di Stoccaggio Italiano (OCSIT) according to the Legislative Decree N o. 249/12 ; the contribution to cover the charges deriving from the performance of OCSIT functions and activities and the contribution paid to GSE for the use of biomethane and other advanced biofuels in the transport sector ; • the sale of jet fuel to ITA Airways - Italia Trasporto Aereo SpA . Transactions with other related parties concerned: • provisions to pension funds managed by Eni of € 29 million; • contributions and service provisions to Eni Enrico Mattei Foundation for € 5 million and to Eni Foundation for € 5 million. Financing transactions and balances with related parties (€ million) December 31, 2022 2022 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes and derivative financial instruments Finance Expense Gain on disposals Joint ventures and associates Coral FLNG SA 356 140 Coral South FLNG DMCC 1,499 1 1 Mozambique Rovuma Venture SpA 1,187 57 48 5 Saipem Group 100 16 3 Other (*) 96 28 2 91 10 1,639 185 1,501 156 159 Unconsolidated entities controlled by Eni Other 8 31 5 4 8 31 5 4 Entities controlled by the Government Enel Group 176 Italgas Group 30 Other 10 40 1 1 10 216 1 1 30 1,657 432 1,501 162 164 30 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2021 2021 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes Finance expenses Joint ventures and associates Cardón IV SA 199 2 37 Coral FLNG SA 383 4 1 Coral South FLNG DMCC 1,413 2 Mozambique Rovuma Venture SpA 1,008 72 Other (*) 70 43 35 43 1,660 117 1,413 78 44 Unconsolidated entities controlled by Eni Other 38 34 1 1 38 34 1 1 Entities controlled by the Government Enel Group 109 Other 2 17 1 2 126 1 1,700 277 1,413 79 46 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2020 2020 Name Receivables Payables Guarantees Finance incomes Finance expenses Joint ventures and associates Angola LNG Ltd 228 Cardón IV SA 383 57 Coral FLNG SA 288 22 1 Coral South FLNG DMCC 1,304 Saipem Group 2 167 6 Société Centrale Electrique du Congo SA 83 7 Other 15 12 1 27 18 771 179 1,533 113 25 Unconsolidated entities controlled by Eni Other 36 28 1 36 28 1 Entities controlled by the Government Other 11 1 11 1 807 218 1,533 114 26 The most significant transactions with joint ventures, associates and unconsolidated subsidiaries concerned: • the financing loan granted to Coral FLNG SA for the construction of a floating gas liquefaction plant in Area 4 offshore Mozambique; • a bank debt guarantee issued on behalf of Coral South FLNG DMCC as part of the project financing of the Coral FLNG development project (for more information see note 28 – Guarantees, commitments and risks); • the loan granted to Mozambique Rovuma Venture SpA for the development of gas reserves offshore Mozambique ; • liabilities for leased assets towards Saipem Group re lated to long-term contracts for the use of drilling rigs. The most significant transactions with entities controlled by the Italian Government concerned: • financial debts towards Enel group for margins on derivative contracts ; • capital gain from the sale of the Gas Distribution Company of Thessaloniki – Thessaly SA to the Italgas 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 accounts consisted of the following: (€ million) December 31, 2022 December 31, 2021 Total Related parties Impact % Total Related parties Impact % Cash and cash equivalents 10,155 10 0.10 8,254 2 0.02 Other current financial assets 1,504 16 1.06 4,308 53 1.23 Trade and other receivables 20,840 2,427 11.65 18,850 1,301 6.90 Other current assets 12,821 341 2.66 13,634 492 3.61 Other non-current financial assets 1,967 1,631 82.92 1,885 1,645 87.27 Other non-current assets 2,236 26 1.16 1,029 29 2.82 Short-term debt 4,446 307 6.91 2,299 233 10.13 Current portion of long-term debt 3,097 36 1.16 1,781 21 1.18 Current portion of non-current lease liabilities 884 35 3.96 948 17 1.79 Trade and other payables 25,709 3,203 12.46 21,720 2,298 10.58 Other current liabilities 12,473 232 1.86 15,756 339 2.15 Long-term debt 19,374 26 0.13 23,714 5 0.02 Non-current lease liabilities 4,067 28 0.69 4,389 1 0.02 Other non-current liabilities 3,234 462 14.29 2,246 415 18.48 The impact of transactions with related parties on the profit and loss accounts consisted of the following: (€ million) 2022 2021 2020 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Sales from operations 132,512 10,872 8.20 76,575 3,000 3.92 43,987 1,164 2.65 Other income and revenues 1,175 156 13.28 1,196 52 4.35 960 35 3.65 Purchases, services and other (102,529 ) (15,327 ) 14.95 (55,549 ) (8,644 ) 15.56 (33,551 ) (6,595 ) 19.66 Net (impairments) reversals of trade and other receivables 47 (2 ) … (279 ) (6 ) 2.15 (226 ) (6 ) 2.65 Payroll and related costs (3,015 ) (18 ) 0.60 (2,888 ) (21 ) 0.73 (2,863 ) (36 ) 1.26 Other operating income (expense) (1,736 ) 3,306 … 903 735 81.40 (766 ) 13 .. Finance income 8,450 160 1.89 3,723 79 2.12 3,531 114 3.23 Finance expense (9,333 ) (164 ) 1.76 (4,216 ) (46 ) 1.09 (4,958 ) (26 ) 0.52 Derivative financial instruments 13 2 15.38 (306 ) 351 Other income (expense) from investments 3,623 30 0.83 223 75 Main cash flows with related parties are provided below: (€ million) 2022 2021 2020 Revenues and other income 11,028 3,052 1,199 Costs and other expenses 13,749 ) 7,814 ) 5,789 ) Other operating income (loss) 3,306 735 13 Net change in trade and other receivables and payables ) ) ) Net interests 69 38 73 Net cash provided from operating activities 223 ) ) Capital expenditure in tangible and intangible assets ) ) ) Disposal of investments 165 Net change in accounts payable and receivable in relation to investments 1,480 ) ) Change in financial receivables ) ) ) Net cash used in investing activities (32 ) ) ) Change in financial and lease liabilities ) ) 164 Net cash used in financing activities ) ) 164 Change in cash and cash equivalents 8 2 Total financial flows to related parties 111 ) ) The impact of cash flows with related parties consisted of the following: (€ million) 2022 2021 2020 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Net cash provided from operating activities 17,460 223 1.28 12,861 (4,331 ) .. 4,822 (4,640 ) .. Net cash used in investing activities (7,018 ) (32) 0.46 (12,022 ) (976 ) 8.12 (4,587 ) (1,372 ) 29.91 Net cash used in financing activities (8,542 ) (88 ) 1.03 (2,039 ) (13 ) 0.64 3,253 164 5.04 |
Other information about investm
Other information about investments | 12 Months Ended |
Dec. 31, 2022 | |
Other information about investments | |
Other information about investments | 3 7 Other information about investments Information on Eni’s investments as of December 31, 202 2 The following section provides information about Eni’s subsidiaries, joint arrangements, associates and other significant investments as of December 31, 202 2 . Unless otherwise indicated, share capital is represented by ordinary shares directly held by the Group, while ownership interest corresponds to voting rights. PARENT COMPANY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 26.21 Ministero dell’Economia e delle Finanze 4.41 Eni SpA 6.33 Other shareholders 63.05 SUBSIDIARIES EXPLORATION & PRODUCTION IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Mediterranea Idrocarburi SpA Gela (CL) Italy EUR 5,200,000 Eni SpA 100.00 100.00 F.C. Eni Mozambico SpA San Donato Milanese (MI) Mozambique EUR 200,000 Eni SpA 100.00 100.00 F.C. Eni Natural Energies SpA San Donato Milanese (MI) Italy EUR 100,000 Eni SpA 100.00 100.00 F.C. Eni Timor Leste SpA San Donato Milanese (MI) East Timor EUR 4,386,849 Eni SpA 100.00 100.00 F.C. Eni West Africa SpA San Donato Milanese (MI) Angola EUR 1,000,000 Eni SpA 100.00 Eq. Floaters SpA San Donato Milanese (MI) Italy EUR 200,120,000 Eni SpA 100.00 100.00 F.C. Ieoc SpA San Donato Milanese (MI) Egypt EUR 7,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Milanese (MI) Italy EUR 8,034,400 Eni SpA 99.96 99.96 F.C. Third parties 0.04 (*) (#) Company with shares quoted on regulated market of Italy or of other EU countries. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agip Caspian Sea BV Amsterdam (Netherlands) Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Energy and Natural Resources (Nigeria) Ltd Abuja (Nigeria) Nigeria NGN 5,000,000 Eni International BV 95.00 100.00 F.C. Eni Oil Holdings BV 5.00 Agip Karachaganak BV Amsterdam (Netherlands) Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Burren Energy (Bermuda) Ltd Hamilton (Bermuda) United Kingdom USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London (United Kingdom) Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy Congo Ltd Tortola (British Virgin Islands) Republic of the Congo USD 50,000 Burren En. (Berm) Ltd 100.00 100.00 F.C. Burren Energy India Ltd London (United Kingdom) United Kingdom GBP 2 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Plc London (United Kingdom) United Kingdom GBP 28,819,023 Eni UK Holding Plc 99.99 100.00 F.C. Eni UK Ltd (..) Burren Shakti Ltd Hamilton (Bermuda) United Kingdom USD 213,138 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Albania BV Amsterdam (Netherlands) Albania EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Exploration BV Amsterdam (Netherlands) Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Ltd Sàrl Luxembourg (Luxembourg) Algeria USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Algeria Production BV Amsterdam (Netherlands) Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ambalat Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni America Ltd Dover (USA) USA USD 72,000 Eni UHL Ltd 100.00 100.00 F.C. Eni Argentina Exploración y Explotación SA Buenos Aires (Argentina) Argentina ARS 31,997,266 Eni International BV 95.00 100.00 F.C. Eni Oil Holdings BV 5.00 Eni Arguni I Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Australia BV Amsterdam (Netherlands) Australia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Australia Ltd London (United Kingdom) Australia GBP 20,000,000 Eni International BV 100.00 100.00 F.C. Eni Bahrain BV Amsterdam (Netherlands) Bahrain EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni BB Petroleum Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. (*) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Consolidation or valutatio method (*) Eni BTC Ltd London (United Kingdom) United Kingdom GBP 1 Eni International BV 100.00 Eq. Eni Bukat Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Canada Holding Ltd Calgary (Canada) Canada USD 3,938,200,001 Eni International BV 100.00 100.00 F.C. Eni CBM Ltd London (United Kingdom) Indonesia USD 2,210,728 Eni Lasmo Plc 100.00 Eq. Eni China BV Amsterdam (Netherlands) China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SA Pointe-Noire (Republic of the Congo) Republic of the Congo USD 500,000 Eni E&P Holding BV 100.00 100.00 F.C. Eni Côte d'Ivoire Ltd London (United Kingdom) Ivory Coast GBP 1 Eni Lasmo Plc 100.00 100.00 F.C. Eni Cyprus Ltd Nicosia (Cyprus) Cyprus EUR 2,009 Eni International BV 100.00 100.00 F.C. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltd Rio de Janeiro (Brazil) Brazil BRL 1,593,415,000 Eni International BV 99.99 Eq. Eni Oil Holdings BV (..) Eni East Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni East Sepinggan Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/Franklin Ltd London (United Kingdom) United Kingdom GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Russia BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Exploration & Production Holding BV Amsterdam (Netherlands) Netherlands EUR 29,832,777.12 Eni International BV 100.00 100.00 F.C. Eni Gabon SA Libreville (Gabon) Gabon XAF 57,088,000,000 Eni International BV 100.00 100.00 F.C. Eni Ganal Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Gas & Power LNG Australia BV Amsterdam (Netherlands) Australia EUR 1,013,439 Eni International BV 100.00 100.00 F.C. Eni Ghana Exploration and Production Ltd Accra (Ghana) Ghana GHS 21,412,500 Eni International BV 100.00 100.00 F.C. Eni Hewett Ltd Aberdeen (United Kingdom) United Kingdom GBP 3,036,000 Eni UK Ltd 100.00 100.00 F.C. Eni Hydrocarbons Venezuela Ltd London (United Kingdom) Venezuela GBP 8,050,500 Eni Lasmo Plc 100.00 Eq. Eni India Ltd London (United Kingdom) India GBP 44,000,000 Eni Lasmo Plc 100.00 Eq. Eni Indonesia Ltd London (United Kingdom) Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd Grand Cayman (Cayman Islands) Indonesia USD 1.01 Eni Indonesia Ltd 100.00 100.00 F.C. Eni International NA NV Sàrl Luxembourg (Luxembourg) United Kingdom USD 25,000 Eni International BV 100.00 100.00 F.C. Eni Investments Plc London (United Kingdom) United Kingdom GBP 750,050,000 Eni SpA 99.99 100.00 F.C. Eni UK Ltd (..) ( *) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Iran BV Amsterdam (Netherlands) Iran EUR 20,000 Eni International BV 100.00 Eq. Eni Iraq BV Amsterdam (Netherlands) Iraq EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ireland BV Amsterdam (Netherlands) Ireland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Isatay BV Amsterdam (Netherlands) Kazakhstan EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 03-13 Ltd London (United Kingdom) Australia GBP 250,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 06-105 Pty Ltd Perth (Australia) Australia AUD 80,830,576 Eni International BV 100.00 100.00 F.C. Eni JPDA 11-106 BV Amsterdam (Netherlands) Australia EUR 50,000 Eni International BV 100.00 100.00 F.C. Eni Kenya BV Amsterdam (Netherlands) Kenya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Krueng Mane Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Lasmo Plc London (United Kingdom) United Kingdom GBP 337,638,724.25 Eni Investments Plc 99.99 100.00 F.C. Eni UK Ltd (..) Eni Lebanon BV Amsterdam(Netherlands) Lebanon EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool Bay Operating Co Ltd London (United Kingdom) United Kingdom GBP 1 Eni UK Ltd 100.00 Eq. Eni LNS Ltd London (United Kingdom) United Kingdom GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Marketing Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Maroc BV Amsterdam (Netherlands) Morocco EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni Middle East Ltd London (United Kingdom) United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni MOG Ltd (in liquidation) London (United Kingdom) United Kingdom GBP 0 (a) Eni Lasmo Plc 99.99 100.00 F.C. Eni LNS Ltd (..) Eni Montenegro BV Amsterdam (Netherlands) Republic of Montenegro EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Mozambique Engineering Ltd London (United Kingdom) United Kingdom GBP 1 Eni Lasmo Plc 100.00 Eq. Eni Mozambique LNG Holding BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Muara Bakau BV Amsterdam (Netherlands) Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Myanmar BV Amsterdam (Netherlands) Myanmar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni New Energy Egypt SAE Cairo (Egypt) Egypt EGP 250,000 Eni International BV 99.98 Eq. Ieoc Exploration BV 0.01 Ieoc Production BV 0.01 (*) (a) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutatio method (*) Eni North Africa BV Amsterdam (Netherlands) Libya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni North Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Oil & Gas Inc Dover (USA) USA USD 100,800 Eni America Ltd 100.00 100.00 F.C. Eni Oil Algeria Ltd London (United Kingdom) Algeria GBP 1,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Oil Holdings BV Amsterdam (Netherlands) Netherlands EUR 450,000 Eni ULX Ltd 100.00 100.00 F.C. Eni Oman BV Amsterdam (Netherlands) Oman EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Petroleum Co Inc Dover (USA) USA USD 156,600,000 Eni SpA 63.86 100.00 F.C. Eni International BV 36.14 Eni Petroleum US Llc Dover (USA) USA USD 1,000 Eni BB Petroleum Inc 100.00 100.00 F.C. Eni Qatar BV Amsterdam (Netherlands) Qatar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni RAK BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Rapak Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni RD Congo SA Kinshasa (Democratic Republic of the Congo) Democratic Republic of the Congo CDF 750,000,000 Eni International BV 99.99 Eq. Eni Oil Holdings BV (..) Eni Rovuma Basin BV Amsterdam (Netherlands) Mozambique EUR 20,000 Eni Mozamb. LNG H. BV 100.00 100.00 F.C. Eni Sharjah BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni South Africa BV Amsterdam (Netherlands) Republic of South Africa EUR 20,000 Eni International BV 100.00 Eq. Eni South China Sea Ltd Sàrl Luxembourg (Luxembourg) China USD 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen (United Kingdom) United Kingdom GBP 1,000 Eni UK Ltd 100.00 100.00 F.C. Eni Tunisia BV Amsterdam (Netherlands) Tunisia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Turkmenistan Ltd Hamilton (Bermuda) Turkmenistan USD 20,000 Burren En. (Berm) Ltd 100.00 100.00 F.C. Eni UHL Ltd London (United Kingdom) United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UK Holding Plc London (United Kingdom) United Kingdom GBP 424,050,000 Eni Lasmo Plc 99.99 100.00 F.C. Eni UK Ltd (..) Eni UK Ltd London (United Kingdom) United Kingdom GBP 50,000,000 Eni International BV 100.00 100.00 F.C. Eni UKCS Ltd London (United Kingdom) United Kingdom GBP 100 Eni UK Ltd 100.00 100.00 F.C. (*) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Ukraine Holdings BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Ukraine Llc (in liquidation) Kiev (Ukraine) Ukraine UAH 98,419,627.51 Eni Ukraine Hold. BV 99.99 Eni International BV 0.01 Eni ULT Ltd London (United Kingdom) United Kingdom GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London (United Kingdom) United Kingdom GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni US Operating Co Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni USA Gas Marketing Llc Dover (USA) USA USD 10,000 Eni Marketing Inc 100.00 100.00 F.C. Eni USA Inc Dover (USA) USA USD 1,000 Eni Oil & Gas Inc 100.00 100.00 F.C. Eni Venezuela BV Amsterdam (Netherlands) Venezuela EUR 20,000 Eni Venezuela E&P H. 100.00 100.00 F.C. Eni Venezuela E&P Holding SA Bruxelles (Belgium) Belgium USD 254,443,200 Eni International BV 99.99 100.00 F.C. Eni Oil Holdings BV (..) Eni Vietnam BV Amsterdam (Netherlands) Vietnam EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni West Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni West Timor Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Yemen Ltd London (United Kingdom) United Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. Eurl Eni Algérie Algeri (Algeria) Algeria DZD 1,000,000 Eni Algeria Ltd Sàrl 100.00 Eq. Export LNG Ltd Hong Kong (Hong Kong) Republic of the Congo USD 322,325,000 Eni SpA 100.00 100.00 F.C. First Calgary Petroleums LP Wilmington (USA) Algeria USD 1 Eni Canada Hold. Ltd 99.99 100.00 F.C. FCP Partner Co ULC 0.01 First Calgary Petroleums Partner Co ULC Calgary (Canada) Canada CAD 10 Eni Canada Hold. Ltd 100.00 100.00 F.C. Ieoc Exploration BV Amsterdam (Netherlands) Egypt EUR 20,000 Eni International BV 100.00 Eq. Ieoc Production BV Amsterdam (Netherlands) Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Lasmo Sanga Sanga Ltd Hamilton (Bermuda) Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Liverpool Bay CCS Ltd London (United Kingdom) United Kingdom GBP 10,000 Eni UK Ltd 100.00 Eq. Liverpool Bay Ltd London (United Kingdom) United Kingdom USD 1 Eni ULX Ltd 100.00 Eq. LLC "Eni Energhia" Moscow (Russia) Russia RUB 2,000,000 Eni Energy Russia BV 99.90 Eq. Eni Oil Holdings BV 0.10 Mizamtec Operating Company S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni US Op. Co Inc 99.90 Eq. Eni Petroleum Co Inc 0.10 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Nigerian Agip CPFA Ltd Lagos (Nigeria) Nigeria NGN 1,262,500 NAOC Ltd 98.02 Co. Agip En Nat Res. Ltd 0.99 Nigerian Agip E. Ltd 0.99 Nigerian Agip Exploration Ltd Abuja (Nigeria) Nigeria NGN 5,000,000 Eni International BV 99.99 100.00 F.C. Eni Oil Holdings BV 0.01 Nigerian Agip Oil Co Ltd Abuja (Nigeria) Nigeria NGN 1,800,000 Eni International BV 99.89 100.00 F.C. Eni Oil Holdings BV 0.11 Zetah Congo Ltd Nassau (Bahamas) Republic of the Congo USD 300 Eni Congo SA 66.67 Co. Burren En. Congo Ltd 33.33 Zetah Kouilou Ltd Nassau (Bahamas) Republic of the Congo USD 2,000 Eni Congo SA 54.50 Co. Burren En. Congo Ltd 37.00 Third parties 8.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. GLOBAL GAS & LNG PORTFOLIO IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Corridor Srl San Donato Milanese (MI) Italy EUR 100,000,000 Eni SpA 100.00 100.00 F.C. Eni Gas Transport Services Srl San Donato Milanese (MI) Italy EUR 120,000 Eni SpA 100.00 Co. Eni Global Energy Markets SpA Rome Italy EUR 41,233,720 Eni SpA 100.00 100.00 F.C. LNG Shipping SpA San Donato Milanese (MI) Italy EUR 240,900,000 Eni SpA 100.00 100.00 F.C. Trans Tunisian Pipeline Co SpA San Donato Milanese (MI) Tunisia EUR 1,098,000 Eni Corridor Srl 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni España Comercializadora de Gas SAU Madrid (Spain) Spain EUR 2,340,240 Eni SpA 100.00 100.00 F.C. Eni G&P Trading BV Amsterdam (Netherlands) Turkey EUR 70,000 Eni International BV 100.00 100.00 F.C. Eni Gas Liquefaction BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Société de Service du Gazoduc Transtunisien SA - Sergaz SA Tunis (Tunisia) Tunisia TND 99,000 Eni Corridor Srl 66.67 66.67 F.C. Third parties 33.33 Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA Tunis (Tunisia) Tunisia TND 200,000 Eni Corridor Srl 99.95 100.00 F.C. Trans Tunis. P. Co 0.05 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. REFINING & MARKETING AND CHEMICAL Refining & Marketing IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Ecofuel SpA San Donato Milanese (MI) Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. EniBioCh4 in Alexandria Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 70.00 70.00 F.C. Third parties 30.00 EniBioCh4in Aprilia Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Grupellum Società Agricola Srl San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 98.00 98.00 F.C. Third parties 2.00 EniBioCh4in Jonica Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Momo Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 95.00 95.00 F.C. Third parties 5.00 EniBioCh4in Pannellia BioGas Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Quadruvium Srl Società Agricola San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Service BioGas Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Società Agricola Il Bue Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in SpA San Donato Milanese (MI) Italy EUR 2,500,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Fuel SpA Rome Italy EUR Eni SpA 100.00 100.00 F.C. Eni Sustainable Mobility SpA (former Eni4Cities SpA) Rome Italy EUR 39,450,000 Eni SpA 100.00 100.00 F.C. Eni Trade & Biofuels SpA Rome Italy EUR Eni SpA 100.00 100.00 F.C. Petroven Srl Genova Italy EUR 918,520 Ecofuel SpA 100.00 100.00 F.C. Po' Energia Srl Società Agricola Bolzano Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. Raffineria di Gela SpA Gela (CL) Italy EUR 15,000,000 Eni SpA 100.00 100.00 F.C. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Third parties 20.00 Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Abu Dhabi Refining & Trading BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Abu Dhabi Refining & Trading Services BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni Abu Dhabi R&T BV 100.00 Eq. Eni Austria GmbH Wien (Austria) Austria EUR 78,500,000 Eni Sust. Mobility SpA 75.00 100.00 F.C. Eni Deutsch. 25.00 Eni Benelux BV Rotterdam (Netherlands) Netherlands EUR 1,934,040 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Deutschland GmbH Munich (Germany) Germany EUR 90,000,000 Eni International BV 89.00 100.00 F.C. Eni Oil Holdings BV 11.00 Eni Ecuador SA Quito (Ecuador) Ecuador USD 103,142.08 Eni International BV 99.93 100.00 F.C. Esain SA 0.07 Eni Energy (Shanghai) Co Ltd Shanghai (China) China EUR 5,000,000 Eni International BV 100.00 100.00 F.C. Eni France Sàrl Lyon (France) France EUR 56,800,000 Eni International BV 100.00 100.00 F.C. Eni Iberia SLU Alcobendas (Spain) Spain EUR 17,299,100 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Marketing Austria GmbH Wien (Austria) Austria EUR 19,621,665.23 Eni Mineralölh. GmbH 99.99 100.00 F.C. Eni Sust. Mobility SpA (..) Eni Mineralölhandel GmbH Wien (Austria) Austria EUR 34,156,232.06 Eni Austria GmbH 100.00 100.00 F.C. Eni Schmiertechnik GmbH Wurzburg (Germany) Germany EUR 2,000,000 Eni Deutsch. GmbH 100.00 100.00 F.C. Eni Suisse SA Lausanne (Switzerland) Switzerland CHF 102,500,000 Eni International BV 100.00 100.00 F.C. Eni Trading & Shipping Inc Dover (USA) USA USD 1,000,000 ET&B SpA 100.00 100.00 F.C. Eni Transporte y Suministro México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni USA R&M Co Inc Wilmington (USA) USA USD 11,000,000 Eni International BV 100.00 Eq. Esacontrol SA Quito (Ecuador) Ecuador USD 60,000 Eni Ecuador SA 87.00 Eq. Third parties 13.00 Esain SA Quito (Ecuador) Ecuador USD 30,000 Eni Ecuador SA 99.99 100.00 F.C. Tecnoesa SA (..) Oléoduc du Rhône SA Bovernier (Switzerland) Switzerland CHF 7,000,000 Eni International BV 100.00 Eq. Tecnoesa SA Quito (Ecuador) Ecuador USD 36,000 Eni Ecuador SA 99.99 Eq. Esain SA (..) (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Chemical IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Versalis SpA San Donato Milanese (MI) Italy EUR 446,050,728.65 Eni SpA 100.00 100.00 F.C. Finproject SpA Morrovalle (MC) Italy EUR 18,500,000 Versalis SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Asian Compounds Ltd Hong Kong (Hong Kong) Hong Kong HKD 1,000 Finproject Asia Ltd 100.00 100.00 F.C. Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest (Hungary) Hungary HUF 1,577,971,200 Versalis SpA 96.34 100.00 F.C. Versalis Deutsch. GmbH 1.83 Versalis International SA 1.83 Finproject Asia Ltd Hong Kong (Hong Kong) Hong Kong USD 1,000 Finproject SpA 100.00 100.00 F.C. Finproject Brasil Industria De Solados Eireli Franca (Brazil) Brazil BRL 1,000,000 Finproject SpA 100.00 100.00 F.C. Finproject Guangzhou Trading Co Ltd Guangzhou (China) China USD 180,000 Finproject SpA 100.00 100.00 F.C. Finproject India Pvt Ltd Jaipur (India) India INR 100,000,000 Asian Compounds Ltd 99.00 100.00 F.C. Finproject Asia Ltd 1.00 Finproject Romania Srl Valea Lui Mihai (Romania) Romania RON 67,730 Finproject SpA 100.00 100.00 F.C. Finproject Singapore Pte Ltd Singapore (Singapore) Singapore SGD 100 Finproject Asia Ltd 100.00 100.00 F.C. Finproject Viet Nam Company Limited Hai Phong (Vietnam) Vietnam VND 19,623,250,000 Finproject Asia Ltd 100.00 100.00 F.C. Foam Creations (2008) Inc Quebec City (Canada) Canada CAD 1,215,000 Finproject SpA 100.00 100.00 F.C. Foam Creations México SA de CV León (Mexico) Mexico MXN 19,138,165 Foam Creations (2008) 99.99 100.00 F.C. Finproject SpA (..) Padanaplast America Llc Wilmington (USA) USA USD 70,000 Finproject SpA 100.00 100.00 F.C. Padanaplast Deutschland GmbH Hannover (Germany) Germany EUR 25,000 Finproject SpA 100.00 100.00 F.C. Versalis Americas Inc Dover (USA) USA USD 100,000 Versalis International SA 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 1,000,000 Versalis International SA 100.00 100.00 F.C. Versalis Deutschland GmbH Eschborn (Germany) Germany EUR 100,000 Versalis SpA 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Versalis France SAS Mardyck (France) France EUR 126,115,582.90 Versalis SpA 100.00 100.00 F.C. Versalis International SA Bruxelles (Belgium) Belgium EUR 15,449,173.88 Versalis SpA 59.00 100.00 F.C. Versalis Deutsch. GmbH 23.71 Dunastyr Zrt 14.43 Versalis France 2.86 Versalis Kimya Ticaret Limited Sirketi Istanbul (Turkey) Turkey TRY 20,000 Versalis International SA 100.00 100.00 F.C. Versalis México S. de RL de CV Mexico City (Mexico) Mexico MXN 1,000 Versalis International SA 99.00 100.00 F.C. Versalis SpA 1.00 Versalis Pacific (India) Private Ltd Mumbai (India) India INR 238,700 Versalis Singapore P. Ltd 99.99 Eq. Third parties (..) Versalis Pacific Trading (Shanghai) Co Ltd Shanghai (China) China CNY 15,237,236 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapor (Singapore) Singapore SGD 80,000 Versalis SpA 100.00 100.00 F.C. Versalis UK Ltd London (United Kingdom) United Kingdom GBP 4,004,042 Versalis SpA 100.00 100.00 F.C. Versalis Zeal Ltd Tokoradi (Ghana) Ghana GHS 5,650,000 Versalis International SA 80.00 80.00 F.C. Third parties 20.00 ( *) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. PLENITUDE & POWER Plenitude IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutatio method (*) 4Energia Srl Milan Italy EUR 400,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Agrikroton Srl - Società Agricola Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Be Charge Srl Milan Italy EUR 500,000 Be Power SpA 100.00 100.00 F.C. Be Charge Valle d'Aosta Srl Milan Italy EUR 10,000 Be Charge Srl 100.00 100.00 F.C. Be Power SpA Milan Italy EUR 698,251 Eni Plenitude SpA SB 99.19 (a) 100.00 F.C. Third parties 0.81 Borgia Wind Srl Cesena (FC) Italy EUR 100,000 PLT Wind 2020 100.00 100.00 F.C. CEF 3 Wind Energy SpA Milan Italy EUR 101,000 Eni New Energy SpA 100.00 100.00 F.C. CGDB Enrico Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. CGDB Laerte Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Corridonia Energia Srl Cesena (FC) Italy EUR 20,000 SEF Srl 100.00 100.00 F.C. Dynamica Srl Cesena (FC) Italy EUR 50,000 PLT Wind 2022 100.00 100.00 F.C. Ecoener Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. Elettro Sannio Wind 2 Srl Cesena (FC) Italy EUR 1,225,000 PLT Wind 2022 100.00 100.00 F.C. Enerkall Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. Eni New Energy SpA San Donato Milanese (MI) Italy EUR 9,296,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude SpA Società Benefit (former Eni gas e luce SpA Società Benefit) San Donato Milanese (MI) Italy EUR 770,000,000 Eni SpA 100.00 100.00 F.C. Eolica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 PLT Energia Srl 100.00 100.00 F.C. Eolica Wind Power Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2022 100.00 100.00 F.C. Eolo Energie - Corleone - Campofiorito Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2020 100.00 100.00 F.C. Evolvere SpA Società Benefit Milan Italy EUR 1,130,000 Eni Plenitude SpA SB 70.52 70.52 F.C. Third parties 29.48 Evolvere Venture SpA Milan Italy EUR 50,000 Evolvere SpA Soc.Ben. 100.00 70.52 F.C. Faren Srl Cesena (FC) Italy EUR 10,000 SEF Green Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni Plenitude SpA SB 100.00 Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) FAS Srl Cesena (FC) Italy EUR 119,000 PLT Energia Srl 100.00 100.00 F.C. Finpower Wind Srl Milan Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Fotovoltaica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 SEF Srl 100.00 100.00 F.C. FV4P Srl Forlì (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Gemsa Solar Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. GPC Uno Srl Cesena (FC) Italy EUR 25,000 SEF Srl 100.00 100.00 F.C. GPC Due Srl Cesena (FC) Italy EUR 12,000 SEF Srl 100.00 100.00 F.C. Green Parity Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. Lugo Società Agricola Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Lugo Solar Tech Srl Cesena (FC) Italy EUR 100,000 SEF Solar Srl 100.00 100.00 F.C. Marano Solar Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Marano Solare Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Marcellinara Wind Srl Cesena (FC) Italy EUR 35,000 PLT Wind 2022 100.00 100.00 F.C. Micropower Srl Cesena (FC) Italy EUR 30,000 PLT Wind 2020 100.00 100.00 F.C. Molinetto Srl Cesena (FC) Italy EUR 10,000 Faren Srl 100.00 100.00 F.C. Montefano Energia Srl Cesena (FC) Italy EUR 20,000 SEF Srl 100.00 100.00 F.C. Monte San Giusto Solar Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Olivadi Srl Cesena (FC) Italy EUR 100,000 PLT Wind 2020 100.00 100.00 F.C. Parco Eolico di Tursi e Colobraro Srl Cesena (FC) Italy EUR 31,000 PLT Wind 2022 100.00 100.00 F.C. Pescina Wind Srl Cesena (FC) Italy EUR 50,000 PLT Wind 2020 100.00 100.00 F.C. Pieve5 Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. PLT Energia Srl Cesena (FC) Italy EUR 3,865,474 Eni New Energy SpA 100.00 100.00 F.C. PLT Engineering Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. PLT Puregreen SpA Cesena (FC) Italy EUR 500,000 PLT Energia Srl 100.00 100.00 F.C. PLT Wind 2020 Srl Cesena (FC) Italy EUR 1,000,000 PLT Energia Srl 100.00 100.00 F.C. PLT Wind 2022 SpA Cesena (FC) Italy EUR 1,000,000 PLT Energia Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Pollenza Sole Srl Cesena (FC) Italy EUR 32,500 SEF Srl 100.00 100.00 F.C. Ravenna 1 FTV Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. RF-AVIO Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. RF-Cavallerizza Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Ruggiero Wind Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. SAV - Santa Maria Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2022 100.00 100.00 F.C. SEA SpA L'Aquila Italy EUR 100,000 Eni Plenitude SpA SB 100.00 100.00 F.C. SEF Green Srl Cesena (FC) Italy EUR 500 SEF Srl 100.00 100.00 F.C. SEF Miniwind Srl Cesena (FC) Italy EUR 50,000 SEF Srl 100.00 100.00 F.C. SEF Solar Abruzzo Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. SEF Solar II Srl Cesena (FC) Italy EUR 1,000 SEF Srl 100.00 100.00 F.C. SEF Solar Srl Cesena (FC) Italy EUR 120,000 SEF Srl 100.00 100.00 F.C. SEF Srl Cesena (FC) Italy EUR 25,000 Eni New Energy SpA 100.00 100.00 F.C. Società Agricola Agricentro Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Società Agricola Casemurate Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Società Agricola Forestale Pianura Verde Srl Cesena (FC) Italy EUR 100,000 Soc. Agr. Agricentro Srl 100.00 100.00 F.C. Società Agricola Isola d'Agri Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Società Agricola L'Albero Azzurro Srl Cesena (FC) Italy EUR 100,000 Soc . . 100.00 100.00 F.C. Società Agricola SEF Bio Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Società Energie Rinnovabili 1 SpA Rome Italy EUR 120,000 SER SpA 96.00 100.00 F.C. CEF 3 4.00 Società Energie Rinnovabili SpA Palermo Italy EUR 121,636 CEF 3 100.00 100.00 F.C. Timpe Muzzunetti 2 Srl Cesena (FC) Italy EUR 2,500 PLT Energia Srl 70.00 70.00 F.C. Third parties 30.00 Vivaro FTV Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. VRG Wind 12 |
Significant non-recurring event
Significant non-recurring events and operations | 12 Months Ended |
Dec. 31, 2022 | |
Significant non-recurring events and operations | |
Significant non-recurring events and operations | 3 8 Significant non-recurring events and operations In 20 2 2 , in 20 2 1 and 20 20 , 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, 2022 | |
Positions or transactions deriving from atypical and/or unusual operations | |
Positions or transactions deriving from atypical and/or unusual operations | 39 Positions or transactions deriving from atypical and/or unusual operations In 2022, in 2021 and 2020 , no transactions deriving from atypical and/or unusual operations were reported. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent events | |
Subsequent events | 4 0 Subsequent events Extraordinary solidarity contributions levied in 2022 on energy companies are disclosed in note 33 – Income taxes. Apart from being a systemic risk, the Russia-Ukraine war does not pose specific risks to the Company going forward in addition to what has been already disclosed in these notes. On March 28, 2023, the so-called Law Decree “Energy” was approved by the Italian Government, which has established a change to the taxable income for the purpose of determining the solidarity contribution enacted by Law 197/2022 (the Italian 2023 Budget Law), to partially exclude the effects related to the utilization of the revaluations reserves of the parent company. This change will determine a reduction in the amount of the levy accrued in the 2022 consolidated financial statements, which will be recognized in the 2023 accounts for an amount which is currently being determined. |
Significant accounting polici_2
Significant accounting policies, estimates and judgements (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Significant accounting policies, estimates and judgements | |
Basis of preparation | Basis of preparation The Consolidated Financial Statements of Eni SpA and its subsidiaries (collectively referred to as Eni or the Group) have been prepared on a going concern basis in accordance with International Financial Reporting Standards (IFRS) 1 as issued by the International Accounting Standards Board (IASB). The Consolidated Financial Statements have been prepared under the historical cost convention, taking into account, where appropriate, value adjustments, except for certain items that under IFRSs must be measured at fair value as described in the accounting policies that follow. The principles of consolidation and the significant accounting policies that follow have been consistently applied to all years presented, except where otherwise indicated. The 2022 Consolidated Financial Statements included in the Annual Report on Form 20-F, were approved by the Eni’s Board of Directors on April 3, 2023. The Consolidated Financial Statements are presented in euros and all values are rounded to the nearest million euros (€ million), except where otherwise indicated. |
Significant accounting estimates and judgements | Significant accounting estimates and judgements The preparation of the Consolidated Financial Statements requires the use of estimates and assumptions that affect the assets, liabilities, revenues and expenses recognised in the financial statements, as well as amounts included in the notes thereto, including disclosure of contingent assets and contingent liabilities. Estimates made are based on complex judgements and past experience of other assumptions deemed reasonable in consideration of the information available at the time. The accounting policies and areas that require the most significant judgments and estimates to be used in the preparation of the Consolidated Financial Statements are in relation to the accounting for oil and natural gas activities, specifically in the determination of reserves, impairment of financial and non-financial assets, leases, decommissioning and restoration liabilities, environmental liabilities, business combinations, employee benefits, revenue from contracts with customers, fair value measurements and income taxes. Although the Company uses its best estimates and judgements, actual results could differ from the estimates and assumptions used. The accounting estimates and judgments relevant for the preparation of the Consolidated Financial Statement are described below. Significant accounting estimates and judgments made in assessing the impacts of climate-related risks Significant accounting estimates and judgments made by management for the preparation of the 2022 Consolidated Financial Statements are affected by the effects of actions to address climate change and by the potential impact of the energy transition. In particular, the global pressure towards a low-carbon economy, increasingly restrictive regulatory requirements for oil&gas activities and hydrocarbons consumption, carbon pricing schemes, the technological evolution of alternative energy sources for transportation, as well as changes in consumer preferences could imply a structural decline of the demand for hydrocarbons in the medium-long term, an increase in operating costs and a higher risk of stranded assets for Eni. The Eni strategy provides for the achievement of carbon neutrality by 2050, in line with the provisions of the scenarios compatible with maintaining global warming within the 1.5°C threshold; furthermore, this strategy sets intermediate targets for 2030 and 2040 in terms of reduction in absolute emissions and carbon intensity. Scenarios adopted by management take into account policies, regulatory requirements and current and expected developments in technology and set out a development path of the future energy system, on the basis of an economic and demographic framework, analysis of existing and announced policies and technologies, identifying those which can reasonably reach maturity within the considered time horizon. Price variables reflect the best estimate by management of the fundamentals of several energy markets, which incorporates the ongoing and reasonably expected decarbonisation trends, and are subject to continuous benchmarking with the views of market analysts and peers. 1 Such scenarios represent the basis for significant estimates and judgments relating to: (i) the assessment of the intention to continue exploration projects; (ii) the assessment of the recoverability of non-current assets and credit exposures towards National Oil Companies; (iii) the definition of useful lives and residual values of fixed assets; (iv) impacts on provisions (e.g. the bringing forward of the expected timing of decommissioning and restoration costs). For further information on sensitivity analyses performed on the values of assets considering the low carbon scenarios of international bodies, see Item 3 – Risk factors. |
Subsidiaries | Principles of consolidation Subsidiaries The Consolidated Financial Statements comprise the financial statements of the parent Company Eni SpA and those of its subsidiaries, being those entities over which the Company has control, either directly or indirectly, through exposure or rights to their variable returns and the ability to affect those returns through its power over the investees. To have power over an investee, the investor must have existing rights that give it the current ability to direct the relevant activities of the investee, i.e. the activities that significantly affect the investee’s returns. Subsidiaries are consolidated, on the basis of consistent accounting policies, from the date on which control is obtained until the date that control ceases. Assets, liabilities, income and expenses of consolidated subsidiaries are fully recognised with those of the parent in the Consolidated Financial Statements, taking into account the appropriate eliminations of intragroup transactions (see the accounting policy for “Intragroup transactions”); the parent’s investment in each subsidiary is eliminated against the corresponding parent’s portion of equity of each subsidiary. Non-controlling interests are presented separately on the balance sheet within equity; the profit or loss and comprehensive income attributable to non-controlling interests are presented in specific line items, respectively, in the profit and loss account and in the statement of comprehensive income. Taking into account the lack of any material 2 impact on the representation of the financial position and performance of the Group 3 , the Consolidated Financial Statements do not consolidate: (i) some subsidiaries that are immaterial, both individually and in the aggregate, and (ii) subsidiaries acting as sole-operator in the management of oil and gas contracts on behalf of companies participating in a joint project. In the latter case, 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. When the proportion of the equity held by non-controlling interests changes, any difference between the consideration paid/received and the amount by which the related non-controlling interests are adjusted is attributed to Eni owners’ equity. Conversely, the sale of equity interests with loss of control determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred net assets; (ii) any gain or loss recognised as a result of the remeasurement of any investment retained in the former subsidiary at its fair value; and (iii) any amount related to the former subsidiary previously recognised in other comprehensive income which may be reclassified subsequently to the profit and loss account 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. 2 3 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. |
Interests in joint arrangements | Interests in joint arrangements Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Investments in joint ventures are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have enforceable rights to the assets, and enforceable obligations for the liabilities, relating to the arrangement; in the Consolidated Financial Statements, Eni recognises its share of the assets/liabilities and revenues/expenses of joint operations on the basis of its rights and obligations relating to the arrangements. After the initial recognition, the assets/liabilities and revenues/expenses of the joint operations are measured in accordance with the applicable measurement criteria. Immaterial joint operations structured through a separate vehicle are accounted for using the equity method or, if this does not result in a misrepresentation of the Company’s financial position and performance, at cost less any impairment losses. Investments in joint venture, previously classified as joint operations are measured on the date of change in the classification of the joint arrangement at the net amount of the carrying amounts of the assets and liabilities that Eni had previously recognised, line by line, on the basis of its rights and obligations relating to the arrangement. |
Investments in associates | Investments in associates An associate is an entity over which Eni has significant influence, that is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies. Investments in associates are accounted for using the equity method as described in the accounting policy for “The equity method of accounting”. |
The equity method of accounting | The equity method of accounting Investments in joint ventures, associates and immaterial unconsolidated subsidiaries, are accounted for using the equity method. 5 Under the equity method, investments are initially recognised at cost 6 , allocating it, similarly to business combinations procedures, to the investee’s identifiable assets/liabilities; any excess of the cost of the investment over the share of the net fair value of the investee’s identifiable assets and liabilities is accounted for as goodwill, not separately recognised but included in the carrying amount of the investment. If this allocation is provisionally recognised at initial recognition, it can be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed at the acquisition date. Subsequently, the carrying amount is adjusted to reflect: (i) the investor’s share of the profit or loss of the investee after the date of acquisition, adjusted to account for depreciation, amortization and any impairment losses of the equity-accounted entity’s assets based on their fair values at the date of acquisition; and (ii) the investor’s share of the investee’s other comprehensive income. Distributions received from an equity-accounted investee reduce the carrying amount of the investment. In applying the equity method, consolidation adjustments are considered (see also the accounting policy for “Subsidiaries”). Losses arising from the application of the equity method in excess of the carrying amount of the investment, recognised in the profit and loss account within “Income (Expense) from investments”, reduce the carrying amount, net of the related expected credit losses (see below), of any financing receivables towards the investee for which settlement is neither planned nor likely to occur in the foreseeable future (the so-called long-term interests), which are, in substance, an extension of the investment in the investee. The investor’s share of any losses of an equity-accounted investee that exceeds the carrying amount of the investment and any long-term interests (the so-called net investment), is recognised in a specific provision only to the extent that the investor has incurred legal or constructive obligations or made payments on behalf of the investee. 5 6 Whenever there is objective evidence of impairment (e.g. relevant breaches of contracts, significant financial difficulty, probable default of the counterparty, etc.), the carrying amount of the net investment, resulting from the application of the abovementioned measurement criteria, is tested for impairment by comparing it with the related recoverable amount, determined by adopting the criteria indicated in the accounting policy for “Impairment of non-financial assets”. When an impairment loss no longer exists or has decreased, any reversal of the impairment loss is recognised in the profit and loss account within “Income (Expense) from investments”. The impairment reversal of the net investment shall not exceed the previously recognised impairment losses. The sale of equity interests with loss of joint control or significant influence over the investee determines the recognition in the profit and loss account of: (i) any gain or loss calculated as the difference between the consideration received and the corresponding transferred share; (ii) any gain or loss recognised as a result of the remeasurement of any investment retained in the former joint venture/associate at its fair value 7 ; 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 . Any investment retained in the former joint venture/associate is recognised at its fair value at the date when joint control or significant influence is lost and shall be accounted for in accordance with the applicable measurement criteria. |
Business combinations | Business combinations Business combinations are accounted for by applying the acquisition method. The consideration transferred in a business combination is the sum of the acquisition-date fair value of the assets transferred, the liabilities incurred and the equity interests issued by the acquirer. The consideration transferred includes also the fair value of any assets or liabilities resulting from contingent considerations, contractually agreed and dependent upon the occurrence of specified future events. Acquisition-related costs are accounted for as expenses when incurred. The acquirer shall measure the identifiable assets acquired and liabilities assumed at their acquisition-date fair values 9 , unless another measurement basis is required by IFRSs. The excess of the consideration transferred over the Group’s share of the acquisition-date fair values of the identifiable assets acquired and liabilities assumed is recognised, on the balance sheet, as goodwill; conversely, a gain on a bargain purchase is recognised in the profit and loss account. Any non-controlling interests are measured as the proportionate share in the recognised amounts of the acquiree’s identifiable net assets at the acquisition date excluding the portion of goodwill attributable to them (partial goodwill method). In a business combination achieved in stages, the purchase price is determined by summing the acquisition-date fair value of previously held equity interests in the acquiree and the consideration transferred for obtaining control; the previously held equity interests are remeasured at their acquisition-date fair value and the resulting gain or loss, if any, is recognised in the profit and loss account. Furthermore, on obtaining control, any amount recognised in other comprehensive income related to the previously held equity interests is reclassified to the profit and loss account, or in another item of equity when such amount may not be reclassified to the profit and loss account. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the provisional amounts recognised at the acquisition date shall be retrospectively adjusted within one year from the acquisition date, to reflect new information obtained about facts and circumstances that existed as of the acquisition date. The acquisition of interests in a joint operation whose activity constitutes a business is accounted for applying the principles on business combinations accounting. In this regard, if the entity obtains control over a business that was a joint operation, the previously held interest in the joint operation is remeasured at the acquisition-date fair value and the resulting gain or loss is recognized in the profit and loss account. 10 7 8 9 |
Significant accounting estimates and judgements: investments and business combinations | Significant accounting estimates and judgments: investments and business combinations The assessment of the existence of control, joint control, significant influence over an investee, as well as for joint operations, the assessment of the existence of enforceable rights to the investee’s assets and enforceable obligations for the investee’s liabilities imply that management makes complex judgments on the basis of the characteristics of the investee’s structure, arrangements between parties and other relevant facts and circumstances. Significant accounting estimates by management are required also for measuring the identifiable assets acquired and the liabilities assumed in a business combination at their acquisition-date fair values. For such measurement, to be performed also for the application of the equity method, Eni adopts the valuation techniques generally used by market participants taking into account the available information; for the most significant business combinations, Eni engages external independent evaluators. |
Intragroup transactions | Intragroup transactions All balances and transactions between consolidated companies, and not yet realised with third parties, including unrealised profits arising from such transactions have been eliminated. Unrealised profits arising from transactions between the Group and its equity-accounted entities are eliminated to the extent of the Group’s interest in the equity-accounted entity; such accounting treatment is applied also for transfer of businesses to equity-accounted entities (so-called downstream transactions). In both cases, the unrealised losses are not eliminated as the transaction provides evidence of an impairment loss of the asset transferred. |
Foreign currency translation | Foreign currency translation The financial statements of foreign operations having a functional currency other than the euro, that represents the parent’s functional currency as well as the presentation currency of the Consolidated Financial Statements, are translated into euros using the spot exchange rates on the balance sheet date for assets and liabilities, historical exchange rates for equity and average exchange rates for the profit and loss account and the statement of cash flows. The cumulative resulting exchange differences are presented in the separate component of Eni owners’ equity “Cumulative currency translation differences” 11 . Cumulative amount of exchange differences relating to a foreign operation are reclassified to the profit and loss account when the entity disposes the entire interest in that foreign operation or when the partial disposal involves the loss of control, joint control or significant influence over the foreign operation. On a partial disposal that does not involve loss of control of a subsidiary that includes a foreign operation, the proportionate share of the cumulative exchange differences is reattributed to the non-controlling interests in that foreign operation. On a partial disposal of interests in joint arrangements or in associates that does not involve loss of joint control or significant influence, the proportionate share of the cumulative exchange differences is reclassified to the profit and loss account. The repayment of share capital made by a subsidiary having a functional currency other than the euro, without a change in the ownership interest, implies that the proportionate share of the cumulative amount of exchange differences relating to the subsidiary is reclassified to the profit and loss account. The financial statements of foreign operations which are translated into euros are denominated in the foreign operations’ functional currencies which generally is the U.S. dollar. 10 1 1 When the foreign subsidiary is partially owned, the cumulative exchange difference, that is attributable to the non-controlling interests, is allocated to and recognised as part of “Non-controlling interest”. 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 2022 Exchange rate at December 31, 2022 Annual average exchange rate 2021 Exchange rate at December 31, 2021 Annual average exchange rate 2020 Exchange rate at December 31, 2020 U.S. Dollar 1.05 1.07 1.18 1.13 1.14 1.23 Pound Sterling 0.85 0.89 0.86 0.84 0.89 0.90 Australian Dollar 1.52 1.57 1.57 1.56 1.66 1.59 |
Oil and natural gas exploration, appraisal, development and production activities | Oil and natural gas exploration, appraisal, development and production activities Oil and natural gas exploration, appraisal and development activities are accounted for using the principles of the successful efforts method of accounting as described below. Acquisition of exploration rights Costs incurred for the acquisition of exploration rights (or their extension) are initially capitalised within the line item “Intangible assets” as “exploration rights — unproved” pending determination of whether the exploration and appraisal activities in the reference areas are successful or not. Unproved exploration rights are not amortised, but reviewed to confirm that there is no indication that the carrying amount exceeds the recoverable amount. This review is based on the confirmation of the commitment of the Company to continue the exploration activities and on the analysis of facts and circumstances that indicate the absence of uncertainties related to the recoverability of the carrying amount. If no future activity is planned, the carrying amount of the related exploration rights is recognised in the profit and loss account as write-off. Lower value exploration rights are pooled and amortised on a straight-line basis over the estimated period of exploration. In the event of a discovery of proved reserves (i.e. upon recognition of proved reserves and internal approval for development), the carrying amount of the related unproved exploration rights is reclassified to “proved exploration rights”, within the line item “Intangible assets”. Upon reclassification, as well as whether there is any indication of impairment, the carrying amount of exploration rights to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration rights are amortised according to the unit of production method (the so-called UOP method, described in the accounting policy for “UOP depreciation, depletion and amortisation”). Acquisition of mineral interests Costs incurred for the acquisition of mineral interests are capitalised in connection with the assets acquired (such as exploration potential, possible and probable reserves and proved reserves). When the acquisition is related to a set of exploration potential and reserves, the cost is allocated to the different assets acquired based on their expected discounted cash flows. Acquired exploration potential is measured in accordance with the criteria illustrated in the accounting policy for “Acquisition of exploration rights”. Costs associated with proved reserves are amortised according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Expenditure associated with possible and probable reserves (unproved mineral interests) is not amortised until classified as proved reserves; in case of a negative result of the subsequent appraisal activities, it is written off. Exploration and appraisal expenditure Geological and geophysical exploration costs are recognised as an expense as incurred. Costs directly associated with an exploration well are initially recognised within tangible assets in progress, as “exploration and appraisal costs — unproved” (exploration wells in progress) until the drilling of the well is completed and can continue to be capitalised in the following 12-month period pending the evaluation of drilling results (suspended exploration wells). If, at the end of this period, it is ascertained that the result is negative (no hydrocarbon found) or that the discovery is not sufficiently significant to justify the development, the wells are declared dry/unsuccessful and the related costs are written-off. Conversely, these costs continue to be capitalised if and until: (i) the well has found a sufficient quantity of reserves to justify its completion as a producing well, and (ii) the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project; on the contrary, the capitalised costs are recognised in the profit and loss account as write-off. Analogous recognition criteria are adopted for the costs related to the appraisal activity. When proved reserves of oil and/or natural gas are determined, the relevant expenditure recognised as unproved is reclassified to proved exploration and appraisal costs within tangible assets in progress. Upon reclassification, or when there is any indication of impairment, the carrying amount of the costs to reclassify as proved is tested for impairment considering the higher of their value in use and their fair value less costs of disposal. From the commencement of production, proved exploration and appraisal costs are depreciated according to the UOP method (see the accounting policy for “UOP depreciation, depletion and amortisation”). Development costs Development costs, including the costs related to unsuccessful and damaged development wells, are capitalised as “Tangible asset in progress — proved”. Development costs are incurred to obtain access to proved reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas. They are amortised, from the commencement of production, generally on a UOP basis. When development projects are unfeasible/not carried on, the related costs are written off when it is decided to abandon the project. Development costs are tested for impairment in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. UOP depreciation, depletion and amortisation Proved oil and gas assets are depreciated generally under the UOP method, as their useful life is closely related to the availability of proved oil and gas reserves, by applying, to the depreciable amounts at the end of each quarter a rate representing the ratio between the volumes extracted during the quarter and the reserves existing at the end of the quarter, increased by the volumes extracted during the quarter. This method is applied with reference to the smallest aggregate representing a direct correlation between expenditures to be depreciated and oil and gas reserves. Proved exploration rights and acquired proved mineral interests are amortised over proved reserves; proved exploration and appraisal costs and development costs are depreciated over proved developed reserves, while common facilities are depreciated over total proved reserves. Proved reserves are determined according to U.S. SEC rules that require the use of the yearly average oil and gas prices for assessing the economic producibility; material changes in reference prices could result in depreciation charges not reflecting the pattern in which the assets’ future economic benefits are expected to be consumed to the extent that, for example, certain non-current assets would be fully depreciated within a short term. In these cases the reserves considered in determining the UOP rate are estimated on the basis of economic viability parameters, reasonable and consistent with management’s expectations of production, in order to recognise depreciation charges that more appropriately reflect the expected utilization of the assets concerned. Production costs Production costs are those costs incurred to operate and maintain wells and field equipment and are recognised as an expense as incurred. Production Sharing Agreements and service contracts Oil and gas reserves related to Production Sharing Agreements are determined on the basis of contractual terms related to the recovery of the contractor’s costs to undertake and finance exploration, development and production activities at its own risk (Cost Oil) and the Company’s stipulated share of the production remaining after such cost recovery (Profit Oil). Revenues from the sale of the lifted production, against both Cost Oil and Profit Oil, are accounted for on an accrual basis, whilst exploration, development and production costs are accounted for according to the above-mentioned accounting policies. A similar scheme applies to the service contracts where the Group is entitled to a share of the production as consideration for the rendered service. The Company’s share of production volumes and reserves includes the share of hydrocarbons that corresponds to the taxes to be paid, according to the contractual agreement, by the national government on behalf of the Company. As a consequence, the Company has to recognise at the same time an increase in the taxable profit, through the increase of the revenue, and a tax expense. Plugging and abandonment of wells Costs expected to be incurred with respect to the plugging and abandonment of a well, dismantlement and removal of production facilities, as well as site restoration, are capitalised, consistent with the accounting policy described under “Property, plant and equipment”, and then depreciated on a UOP basis. Significant accounting estimates and judgments: oil and natural gas activities Engineering estimates of the Company’s oil and gas reserves are inherently uncertain. Proved reserves are the estimated volumes of crude oil, natural gas and gas condensates, liquids and associated substances which geological and engineering data demonstrate that can be economically producible with reasonable certainty from known reservoirs under existing economic conditions and operating methods. Although there are authoritative guidelines regarding the engineering and geological criteria that must be met before estimated oil and gas reserves can be categorised as “proved”, the accuracy of reserve estimates depends on a number of factors, assumptions and variables, including: (i) the quality of available geological, technical and economic data and their interpretation and judgment; (ii) projections regarding future rates of production and operating costs and development costs; (iii) changes in the prevailing tax rules, other government regulations and contractual conditions; (iv) results of drilling, testing and the actual production performance of the Company’s reservoirs after the date of the estimates which may drive substantial upward or downward revisions; and (v) changes in oil and natural gas commodity prices which could affect expected future cash flows and the quantities of the Company’s proved reserves since the estimates of reserves are based on prices and costs existing as of the date when these estimates are made. Lower oil prices or the projections of higher operating and development costs may impair the ability of the Company to economically produce reserves leading to downward reserve revisions. Many of the factors, assumptions and variables involved in estimating proved reserves are subject to change over time and therefore affect the estimates of oil and natural gas reserves. Similar uncertanties concern unproved reserves. The determination of whether potentially economic oil and natural gas reserves have been discovered by an exploration well is made within a year after well completion. The evaluation process of a discovery, which requires performing additional appraisal activities on the potential oil and natural gas field and establishing the optimum development plans, can take longer, in most cases, depending on the complexity of the project and on the size of capital expenditures required. During this period, the costs related to these exploration wells remain suspended on the balance sheet. In any case, all such capitalised costs are reviewed, at least, on an annual basis to confirm the continued intent to develop, or otherwise to extract value from the discovery. Field reserves will be categorised as proved only when all the criteria for attribution of proved status have been met. Proved reserves can be classified as developed or undeveloped. Volumes are classified into proved developed reserves as a consequence of development activity. Generally, reserves are booked as proved developed at the start of production. Major development projects typically take one to four Estimated proved reserves are used in determining depreciation, amortisation and depletion charges (see the accounting policy for “UOP depreciation, depletion and amortisation”). Assuming all other variables are held constant, an increase in estimated proved developed reserves for each field decreases depreciation, amortisation and depletion charge under the UOP method. Conversely, a decrease in estimated proved developed reserves increases depreciation, amortisation and depletion charge. |
Property, plant and equipment | Property, plant and equipment Property, plant and equipment, including investment properties, are recognized using the cost model and initially stated at their purchase price or construction cost including any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. For assets that necessarily take a substantial period of time to get ready for their intended use, the purchase price or construction cost comprises the borrowing costs incurred in the period to get the asset ready for use that would have been avoided if the expenditure had not been made. In the case of a present obligation for dismantling and removal of assets and restoration of sites, the initial carrying amount of an item of property, plant and equipment includes the estimated (discounted) costs to be incurred when the removal event occurs; a corresponding amount is recognised as part of a specific provision (see the accounting policy for “Decommissioning and restoration liabilities”). Analogous approach is adopted for present obligations to realise social projects in oil and gas development areas. Property, plant and equipment are not revalued for financial reporting purposes. Expenditures on upgrading, revamping and reconversion are recognised as items of property, plant and equipment when it is probable that they will increase the expected future economic benefits of the asset. Assets acquired for safety or environmental reasons, although not directly increasing the future economic benefits of any particular existing item of property, plant and equipment, qualify for recognition as assets when they are necessary for running the business. Depreciation of tangible assets begins when they are available for use, i.e. when they are in the location and condition necessary for it to be capable of operating as planned. Property, plant and equipment are depreciated on a systematic basis over their useful life. The useful life is the period over which an asset is expected to be available for use by the Company. When tangible assets are composed of more than one significant part with different useful lives, each part is depreciated separately. The depreciable amount is the asset’s carrying amount less its residual value at the end of its useful life, if it is significant and can be reasonably determined. Land is not depreciated, even when acquired together with a building. Tangible assets held for sale are not depreciated (see the accounting policy for “Assets held for sale and discontinued operations”). Changes in the asset's useful life, in its residual value or in the pattern of consumption of the future economic benefits embodied in the asset, are accounted for prospectively. Assets to be handed over for no consideration are depreciated over the shorter term between the duration of the concession or the asset’s useful life. Replacement costs of identifiable parts in complex assets are capitalised and depreciated over their useful life; the residual carrying amount of the part that has been substituted is charged to the profit and loss account. Non-removable leasehold improvements are depreciated over the earlier of the useful life of the improvements and the lease term. Expenditures for ordinary maintenance and repairs are recognised as an expense as incurred. The carrying amount of property, plant and equipment is derecognised on disposal or when no future economic benefits are expected from its use or disposal; the arising gain or loss is recognized in the profit and loss account. |
Leases | Leases 12 A contract is, or contains, a lease, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration 13 ; such right exists whether, throughout the period of use, the customer has both the right to obtain substantially all of the economic benefits from use of the identified asset and the right to direct the use of the identified asset. At the commencement date of the lease (i.e. the date on which the underlying asset is available for use), a lessee recognises on the balance sheet an asset representing its right to use the underlying leased asset (hereinafter also referred as right-of-use asset) and a liability representing its obligation to make lease payments during the lease term (hereinafter also referred as lease liability). 14 The lease term is the non-cancellable period of a contract, together with, if reasonably certain, periods covered by extension options or by the non-exercise of termination options. 12 13 In particular, the lease liability is initially recognised at the present value of the following lease payments 15 that are not paid at the commencement date: (i) fixed payments (including in-substance fixed payments), less any lease incentives receivable; (ii) variable lease payments that on an index or a rate 16 ; (iii) amounts expected to be payable by the lessee under residual value guarantees; (iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option; and (v) payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease. The lease payments are discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the lessee’s incremental borrowing rate. The latter is determined considering the term of the lease, the frequency and currency of the contractual lease payments, as well as the features of the lessee’s economic environment (reflected in the country risk premium assigned to each country where Eni operates). After the initial recognition, the lease liability is measured on an amortised cost basis and is remeasured, normally, as an adjustment to the carrying amount of the related right-of-use asset, to reflect changes to the lease payments due, essentially, to: (i) modifications in the lease contract not accounted as a separate lease; (ii) changes in indexes or rates (used to determine the variable lease payments); or (iii) changes in the assessment of contractual options (e.g. options to purchase the underlying asset, extension or termination options). The right-of-use asset is initially measured at cost, which comprises: (i) the amount of the initial measurement of the lease liability; (ii) any initial direct costs incurred by the lessee 17 ; (iii) any lease payments made at or before the commencement date, less any lease incentives received; and (iv) an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease. After the initial recognition, the right-of-use asset is adjusted for any accumulated depreciation 18 , any accumulated impairment losses (see the accounting policy for “Impairment of non-financial assets”) and any remeasurement of the lease liability. The depreciation charges of the right-of-use asset and the interest expenses on the lease liability directly attributable to the construction of an asset are capitalised as part of the cost of such asset and subsequently recognised in the profit and loss account through depreciation/impairments or write-off, mainly in the case of exploration assets. In the oil and gas activities, the operator of an unincorporated joint operation which enters into a lease contract as the sole signatory recognises on the balance sheet: (i) the entire lease liability if, based on the contractual provisions and any other relevant facts and circumstances, it has primary responsibility for the liability towards the third-party supplier; and (ii) the entire right-of-use asset, unless, on the basis of the terms and conditions of the contract, there is a sublease with the followers. The followers’ share of the right-of-use asset, recognised by the operator, will be recovered according to the joint operation’s contractual arrangements by billing the project costs attributable to the followers and collecting the related cash calls. Costs recovered from the followers are recognised as “Other income and revenues” in the profit and loss account and as net cash provided by operating activities in the statement of cash flows. Differently, if a lease contract is signed by all the partners, Eni recognises its share of the right-of-use asset and lease liability on the balance sheet based on its working interest. 14 15 16 17 18 If Eni does not have primary responsibility for the lease liability and, on the basis of the terms and conditions of the contract, there is not a sublease, it does not recognise any right-of-use asset and lease liability related to the lease contract. When lease contracts are entered into by companies other than subsidiaries that act as operators on behalf of the other participating companies (the so-called operating companies), consistent with the provision to recover from the followers the costs related to the oil and gas activities, the participating companies recognise their share of the right-of-use assets and the lease liabilities based on their working interest, defined according to the expected use, to the extent that it is reliably determinable, of the underlying assets. Significant accounting estimates and judgments: lease transactions With reference to lease contracts, management makes significant estimates and judgments related to: (i) determining the lease term, making assumptions about the exercise of extension and/or termination options; (ii) determining the lessee’s incremental borrowing rate; (iii) identifying and, where appropriate, separating non-lease components from lease components, where an observable stand-alone price is not readily available, taking into account also the analysis performed with external experts; (iv) recognising lease contracts, for which the underlying assets are used in oil and gas activities (mainly drilling rigs and FPSOs), entered into as operator within an unincorporated joint operation, considering if the operator has primary responsibility for the liability towards the third-party supplier and the relationships with the followers; (v) identifying the variable lease payments and the related characteristics in order to include them in the measurement of the lease liability. |
Intangible assets | Intangible assets Intangible assets are identifiable non-monetary assets without physical substance, controlled by the Company and able to produce future economic benefits, and goodwill. An asset is classified as intangible when management is able to distinguish it clearly from goodwill. Intangible assets are initially recognised at cost as determined by the criteria used for tangible assetsand they are never revalued for financial reporting purposes. Intangible assets with finite useful lives are amortised on a systematic basis over their useful life; the amortisation is carried out in accordance with the criteria described in the accounting policy for “Property, plant and equipment”. Goodwill and intangible assets with indefinite useful lives are not amortised. For the recoverability of the carrying amounts of goodwill and other intangible assets see the accounting policy for “Impairment of non-financial assets”. Costs of obtaining a contract with a customer are recognised on the balance sheet if the Company expects to recover those costs. The intangible asset arising from those costs is amortised on a systematic basis, that is consistent with the transfer to the customer of the goods or services to which the asset relates, and is tested for impairment. Costs of technological development activities are capitalised when: (i) the cost attributable to the development activity can be measured reliably; (ii) there is the intention and the availability of financial and technical resources to make the asset available for use or sale; and (iii) it can be demonstrated that the asset is able to generate probable future economic benefits. The carrying amount of intangible assets is derecognised on disposal or when no future economic benefits are expected from its use or disposal; any arising gain or loss is recognised in the profit and loss account. |
Impairment of non-financial assets | Impairment of non-financial assets Non-financial assets (tangible assets, intangible assets and right-of-use assets) are tested for impairment whenever events or changes in circumstances indicate that the carrying amounts for those assets may not be recoverable. The recoverability assessment is performed for each cash-generating unit (hereinafter also CGU) represented by the smallest identifiable group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or group of assets. CGUs may include corporate assets which do not generate cash inflows independently of other assets or group of assets but which contribute to the future cash flows of more CGUs; the portions of corporate assets are allocated to a specific CGU or, if not possible, to a group of CGUs on a reasonable and consistent basis. Goodwill is tested for impairment at least annually, and whenever there is any indication of impairment, at the lowest level within the entity at which it is monitored for internal management purposes. Right-of-use assets, which generally do not generate cash inflows independently of other assets or groups of assets, are allocated to the CGU to which they belong; the right-of-use assets which cannot be fully attributed to a CGU are considered as corporate assets. The recoverability of the carrying amount of common facilities within the E&P operating segment is assessed by considering the set of recoverable amounts of the CGUs benefiting from the common facility. The recoverability of a CGU is assessed by comparing its carrying amount with the recoverable amount, which is the higher of the CGU’s fair value less costs of disposal and its value in use. Value in use is the present value of the future cash flows expected to be derived from continuing use of the CGU and, if significant and reliably measurable, the cash flows expected to be obtained from its disposal at the end of its useful life, after deducting the costs of disposal. The expected cash flows are determined on the basis of reasonable and supportable assumptions that represent management’s best estimate of the range of economic conditions that will exist over the remaining useful life of the CGU, giving greater weight to external evidence. The value in use of CGUs which include material right-of-use assets is calculated, normally, by ignoring lease payments included in the measurement of the lease liabilities. With reference to commodity prices, management uses the price scenario adopted for economic and financial projections and for the evaluation of investments over their entire life. In particular, for the cash flows associated with oil, natural gas and petroleum products prices (and prices derived from them), the price scenario is approved by the Board of Directors (see “Significant accounting estimates and judgments used to take into account the impacts of climate-related risks”). For impairment test purposes, cash outflows expected to be incurred to guarantee compliance with laws and regulations regarding CO2 emissions (e.g. Emission Trading Scheme) or on a voluntary basis (e.g. cash outflows related to forestry certificates acquired or produced consistent with the Company’s decarbonization strategy – hereinafter also forestry) are taken into account. In particular, in estimating value in use, the cash outflows for forestry projects 19 are included, consistent with the targets of the decarbonization strategy, within the expected operating cash outflows; in this regard, considering that the forestry projects can be developed in countries where Eni does not carry out operating activities and given the difficulty to allocate such cash outflows, on a reasonable and consistent basis, to CGUs of the relevant operating segment, the related discounted cash outflows are treated as a reduction of the headroom of the E&P operating segment. For the determination of value in use, the estimated future cash flows are discounted using a rate that reflects a current market assessment of the time value of money and of the risks specific to the asset that are not reflected in the estimated future cash flows. In particular, the discount rate used is the Weighted Average Cost of Capital (WACC) adjusted for the specific country risk of the CGU. These adjustments are measured considering information from external parties. WACC differs considering the risk associated with each operating segment/business where the asset operates. In particular, for the assets belonging to the Global Gas & LNG Portfolio (GGP) operating segment, the Chemical business, the Power business and Plenitude business, the riskiness is determined on the basis of a sample of comparable companies. For the E&P operating segment and R&M business, the riskiness is determined, on a residual basis, as the difference between the risk of Eni as a whole and the risk of other operating segments/business. Value in use is calculated net of the tax effect as this method results in values similar to those resulting from discounting pre-tax cash flows at a pre-tax discount rate derived, through an iteration process, from a post-tax valuation. 19 When the carrying amount of the CGU, including goodwill allocated thereto, determined taking into account any impairment loss of the non-current assets belonging to the CGU, exceeds its recoverable amount, the excess is recognised as an impairment loss. The impairment loss is allocated first to reduce the carrying amount of goodwill; any remaining excess is allocated to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the CGU, up to the related recoverable amount. When an impairment loss no longer exists or has decreased, a reversal of the impairment loss is recognised in the profit and loss account. The impairment reversal shall not exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. An impairment loss recognised for goodwill is not reversed in a subsequent period. 20 Significant accounting estimates and judgments: impairment of non-financial assets The recoverability of non-financial assets is assessed whenever events or changes in circumstances indicate that carrying amounts of the assets may not be recoverable. Such impairment indicators include changes in the Group’s business plans, changes in commodity prices leading to unprofitable performance, a reduced capacity utilisation of plants and, for oil and gas properties, significant downward revisions of estimated reserve quantities or significant increase of the estimated development and production costs. Determination as to whether and how much an asset is impaired involves management estimates on highly uncertain and complex matters such as future commodity prices, future discount rates, future development costs and production costs, the effects of inflation and technology improvements on operating expenses, production profiles and the outlook for global or regional market supply-and-demand conditions also with reference to the decarbonization process and the effects of changes in regulatory requirements. The definition of CGUs and the identification of their appropriate grouping for the purpose of testing for impairment the carrying amount of goodwill, corporate assets as well as common facilities within the E&P operating segment, require judgment by management. In particular, CGUs are identified considering, inter alia, how management monitors the entity’s operations (such as by business lines) or how management makes decisions about continuing or disposing of the entity’s assets and operations. 20 Similar remarks are valid for assessing the physical recoverability of assets recognised on the balance sheet (deferred costs — see also the accounting policy for “Inventories”) related to natural gas volumes not withdrawn under long-term supply contracts with take-or-pay clauses. The determination of the expected future cash flows used for impairment analyses takes into account the energy transition process and is based on judgmental assessments of future production volumes, prices and costs, considering available information at the date of review; the expected future cash flows are discounted using a rate which considers the risks specific to the asset. For oil and natural gas properties, the expected future cash flows are estimated based on proved and probable reserves including, among other elements, production taxes and the costs to be incurred for the reserves yet to be developed. In limited cases (e.g. for mineral interests acquired from third parties as part of a business combination) the expected cash flows may take into account also the risk-adjusted possible reserves, if they are considered to determine the consideration transferred. The estimate of the future rates of production is based on assumptions related to future commodity prices, operating costs, lifting and development costs, field decline rates, market demand and other factors. More details on the main assumptions underlying the determination of the recoverable amount of tangible, intangible and right-of-use assets are set out in note 15 – Reversals (Impairments) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to alternative scenarios . |
Grants related to assets | Grants related to assets Government grants related to assets are recognized by deducting them in calculating the carrying amount of the related assets when there is reasonable assurance that the Company will comply with the conditions attaching to them and the grants will be received. |
Inventories | Inventories Inventories, including compulsory stock, are measured at the lower of purchase or production cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale, or, with reference to inventories of crude oil and petroleum products already included in binding sale contracts, the contractual selling price. Inventories which are principally acquired with the purpose of selling in the near future and generating a profit from fluctuations in price are measured at fair value less costs to sell and any subsequent changes in fair value are recognised in the profit and loss account. Materials and other supplies held for use in production are not written down below cost if the finished products in which they will be incorporated are expected to be sold at or above cost. The cost of inventories of hydrocarbons (crude oil, condensates and natural gas) and petroleum products is determined by applying the weighted average cost method on a three-month basis, or on a different time period (e.g. monthly), when it is justified by the use and the turnover of inventories of crude oil and petroleum products; the cost of inventories of the Chemical business is determined by applying the weighted average cost on an annual basis. When take-or-pay clauses are included in long-term gas purchase contracts, pre-paid gas volumes that are not withdrawn to fulfill minimum annual take obligations are measured using the pricing formulas contractually defined. They are recognised within “Other assets” as “Deferred costs”, as a contra to “Trade and other payables” or, after settlement, to “Cash and cash equivalents”. The allocated deferred costs are charged to the profit and loss account: (i) when natural gas is actually withdrawn, the related cost is included in the determination of the weighted average cost of inventories; and (ii) for the portion which is not recoverable, when it is not possible to withdraw the previously pre-paid gas within the contractually defined deadlines. Furthermore, the allocated deferred costs are tested for economic recoverability by comparing the related carrying amount and their net realisable value, determined adopting the same criteria described for inventories. |
Financial instruments | Financial instruments Financial assets Financial assets are classified, on the basis of both contractual cash flow characteristics and the entity’s business model for managing them, in the following categories: (i) financial assets measured at amortised cost; (ii) financial assets measured at fair value through other comprehensive income (hereinafter also OCI); (iii) financial assets measured at fair value through profit or loss (hereiafter also FVTPL). At initial recognition, a financial asset is measured at its fair value plus, in the case of a financial asset not at FVTPL, transaction costs that are directly attributable; at initial recognition, trade receivables that do not have a significant financing component are measured at their transaction price. After initial recognition, financial assets whose contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding are measured at amortised cost if they are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows (the so-called hold to collect business model). For financial assets measured at amortised cost, interest income determined using the effective interest rate, foreign exchange differences and any impairment losses 21 (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. Currently the Group does not have any financial assets measured at fair value through OCI. 21 A financial asset represented by a debt instrument that is neither measured at amortised cost nor at FVTOCI, is measured at FVTPL; financial assets held for trading, as well as the portfolios of financial assets managed and evaluated on a fair value basis, fall into this category. Interest income on such financial assets contributes to the related fair value measurement and is recognised in “Finance income (expense)”, within “Net finance income (expense) from financial assets at fair value through profit or loss”. When the purchase or sale of a financial asset is under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned, the transaction is accounted for on the settlement date. Cash and cash equivalents Cash and cash equivalents include cash on hand, demand deposits, as well as financial assets originally due, generally, up to three months, readily convertible to known amount of cash and subject to an insignificant risk of changes in value. Impairment of financial assets The expected credit loss model is adopted for the impairment of financial assets that are debt instruments, but are not measured at FVTPL. 22 In particular, the expected credit losses are generally measured by multiplying: (i) the exposure to the counterparty’s credit risk net of any collateral held and other credit enhancements (Exposure At Default, EAD); (ii) the probability that the default of the counterparty occurs (Probability of Default, PD); and (iii) the percentage estimate of the exposure that will not be recovered in case of default (Loss Given Default, LGD), considering the past experiences and the range of recovery tools that can be activated (e.g. extrajudicial and/or legal proceedings, etc.). With reference to trade and other receivables, Probabilities of Default of counterparties are determined by adopting the internal credit ratings already used for credit worthiness and are periodically reviewed using, inter alia, back-testing analyses; for government entities (e.g. National Oil Companies), the Probability of Default, represented essentially by the probability of a delayed payment, is determined by using, as input data, the country risk premium adopted to determine WACC for the impairment review of non-financial assets. For customers without internal credit ratings, the expected credit losses are measured by using a provision matrix, defined by grouping, where appropriate, receivables into adequate clusters to which apply expected loss rates defined on the basis of their historical credit loss experiences, adjusted, where appropriate, to take into account forward-looking information on credit risk of the counterparty or clusters of counterparties. 23 Considering the characteristics of the reference markets, financial assets with more than 180 days past due or, in any case, with counterparties undergoing litigation, restructuring or renegotiation, are considered to be in default. Counterparties are considered undergoing litigation when judicial/legal proceedings aimed to recover a receivable have been activated or are going to be activated. Impairment losses of trade and other receivables are recognised in the profit and loss account, net of any impairment reversal, within the line item of the profit and loss account “Net (impairments) reversals of trade and other receivables”. The financing receivables held for operating purposes, granted to associates and joint ventures, for which settlement is neither planned nor likely to occur in the foreseeable future and which in substance form part of the entity’s net investment in these investees, are tested for impairment, first, on the basis of the expected credit loss model and, then, together with the carrying amount of the investment in the associate/joint venture, in accordance with the criteria indicated in the accounting policy for “The equity method of accounting”. In applying the expected credit loss model, any adjustments to the carrying amount of long-term interest that arise from applying the accounting policy for “The equity method of accounting” are not taken into account. 22 23 Significant accounting estimates and judgments: impairment of financial assets Measuring impairment losses of financial assets requires management evaluation of complex and highly uncertain elements such as, for example, Probabilities of Default of counterparties, the assessment of any collateral or other credit enhancements, the expected exposure that will not be recovered in case of default, as well as the definition of customers' clusters to be adopted. Further details on the main assumptions underlying the measurement of expected credit losses of financial assets are provided in note 8 Investments in equity instruments Investments in equity instruments that are not held for trading are measured at fair value through other comprehensive income, without subsequent transfer of fair value changes to profit or loss on derecognition of these investments; conversely, dividends from these investments are recognised in the profit and loss account, within the line item “Income (Expense) from investments”, unless they clearly represent a recovery of part of the cost of the investment. In limited circumstances, an investment in equity instruments can be measured at cost if it is an appropriate estimate of fair value. Financial liabilities At initial recognition, financial liabilities, other than derivative financial instruments, are measured at their fair value, minus transaction costs that are directly attributable, and are subsequently measured at amortised cost. The sustainability-linked bonds, i.e. financial liabilities featuring a potential increase in the related interest rate to reflect the borrower’s performance relative to certain sustainability targets (the so-called ESG metrics), are measured at amortised cost. Generally, changes in the interest rate result in an update of the effective interest rate to be used for the recognition of interest expense. Significant judgments: financial liabilities The Group’s companies can negotiate with suppliers an extension of payment terms, without the involvement of a financial institution. In such cases, management judges whether or not payables towards suppliers have to be re-classified as financial liabilities from trade/investing activity payables. In order to make such judgment, management considers if the payment terms differ from the ones that are customary in the industry, any additional security is provided as part of the arrangement as well as any other facts and circumstances. The classification as a financial liability determines: (i) upon reclassification/initial recognition of the liability, a non-monetary change in financial liabilities, with no impacts on the statement of cash flows; (ii) upon the settlement of the liability, the classification of the payment within net cash used in financing activities. With reference to sustainability-linked bonds, management assesses whether the non-compliance with an ESG metric could adversely impact operations and, therefore, revenue generation and creditworthiness of the Company. |
Derivative financial instruments and hedge accounting | Derivative financial instruments and hedge accounting Derivative financial instruments, including embedded derivatives (see below) that are separated from the host contract, are assets and liabilities measured at their fair value. With reference to the defined risk management objectives and strategy, the qualifying criteria for hedge accounting requires: (i) the existence of an economic relationship between the hedged item and the hedging instrument in order to offset the related value changes and the effects of counterparty credit risk do not dominate the economic relationship between the hedged item and the hedging instrument; and (ii) the definition of the relationship between the quantity of the hedged item and the quantity of the hedging instrument (the so-called hedge ratio) consistent with the entity’s risk management objectives, under a defined risk management strategy; the hedge ratio is adjusted, where appropriate, after taking into account any adequate rebalancing. A hedging relationship is discontinued prospectively, in its entirety or a part of it, when it no longer meets the risk management objectives on the basis of which it qualified for hedge accounting, it ceases to meet the other qualifying criteria or after rebalancing it. When derivatives hedge the risk of changes in the fair value of the hedged items (fair value hedge, e.g. hedging of the variability in the fair value of fixed interest rate assets/liabilities), the derivatives are measured at fair value through profit or loss. Consistently, the carrying amount of the hedged item is adjusted to reflect, in the profit and loss account, the changes in fair value of the hedged item attributable to the hedged risk; this applies even if the hedged item should be otherwise measured. When derivatives hedge the exposure to variability in cash flows of the hedged items (cash flow hedge, e.g. hedging the variability in the cash flows of assets/liabilities as a result of the fluctuations of exchange rate), the effective changes in the fair value of the derivatives are initially recognised in the equity reserve related to other comprehensive income and then reclassified to the profit and loss account in the same period during which the hedged transaction affects the profit and loss account. If a hedged forecast transaction subsequently results in the recognition of a non-financial asset or a non-financial liability, the accumulated changes in fair value of hedging derivatives, recognised in equity, are included directly in the carrying amount of the hedged non-financial asset/liability (commonly referred to as a “basis adjustment”). The changes in the fair value of derivatives that are not designated as hedging instruments, including any ineffective portion of changes in fair value of hedging derivatives, are recognised in the profit and loss account. In particular, the changes in the fair value of non-hedging derivatives on interest rates and exchange rates are recognised in the profit and loss account line item “Finance income (expense)”; conversely, the changes in the fair value of non-hedging derivatives on commodities are recognised in the profit and loss account line item “Other operating (expense) income”. Derivatives embedded in financial assets are not accounted for separately; in such circumstances, the entire hybrid instrument is classified depending on the contractual cash flow characteristics of the financial instrument and the business model for managing it (see the accounting policy for “Financial assets”). Derivatives embedded in financial liabilities and/or non-financial assets are separated if: (i) the economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks of the host contract; (ii) a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and (iii) the entire hybrid contract is not measured at FVTPL. Eni assesses the existence of embedded derivatives to be separated when it becomes party to the contract and, afterwards, when a change in the terms of the contract that modifies its cash flows occurs. Contracts to buy or sell commodities entered into and continued to be held for the purpose of their receipt or delivery in accordance with the Group’s expected purchase, sale or usage requirements are recognised on an accrual basis (the so-called normal sale and normal purchase exemption or own use exemption). |
Offsetting of financial assets and liabilities | Offsetting of financial assets and liabilities Financial assets and liabilities are set off on the balance sheet if the Group currently has a legally enforceable right to set off and intends to settle on a net basis (or to realise the asset and settle the liability simultaneously). |
Derecognition of financial assets and liabilities | Derecognition of financial assets and liabilities Transferred financial assets are derecognised when the contractual rights to receive the cash flows from the financial assets expire or are transferred to another party. Financial liabilities are derecognised when they are extinguished, or when the obligation specified in the contract is discharged, cancelled or expired. |
Provisions, contingent liabilities and contingent assets | Provisions, contingent liabilities and contingent assets A provision is a liability of uncertain timing or amount on the balance sheet date. Provisions are recognised when: (i) there is a present obligation, legal or constructive, as a result of a past event; (ii) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (iii) the amount of the obligation can be reliably estimated. The amount recognised as a provision is the best estimate of the expenditure required to settle the present obligation or to transfer it to third parties on the balance sheet date. The amount recognised for onerous contracts is the lower of the cost necessary to fulfill the obligations, net of expected economic benefits deriving from the contracts, and any compensation or penalties arising from failure to fulfill these obligations. Where the effect of the time value is material, and the payment date of the obligations can be reasonably estimated, provisions to be accrued are the present value of the expected cash outflows determined taking into account the risks associated with the obligation. The change in provisions due to the passage of time is recognised within “Finance income (expense)” in the profit and loss account. A provision for restructuring costs is recognised only when the Company has a detailed formal plan for the restructuring and has raised a valid expectation in the affected parties that it will carry out the restructuring. Provisions are periodically reviewed and adjusted to reflect changes in the estimates of costs, timing and discount rates. Changes in provisions are recognised in the same profit and loss account line item where the original provision was charged. Contingent liabilities are: (i) possible obligations arising from past events, whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company; or (ii) present obligations arising from past events, whose amount cannot be reliably measured or whose settlement will probably not result in an outflow of resources embodying economic benefits. Contingent liabilities are not recognised in the financial statements but are disclosed. Contingent assets, that are possible assets arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company, are not recognised in financial statements unless the realisation of economic benefits is virtually certain. Contingent assets are disclosed when an inflow of economic benefits is probable. Contingent assets are assessed periodically to ensure that developments are appropriately reflected in the financial statements. Decommissioning and restoration liabilities Liabilities for decommissioning and restoration costs are recognized, together with a corresponding amount as part of the related property, plant and equipment, when the conditions indicated in the accounting policy for “Provisions, contingent liabilities and contingent assets” are met. Considering the long time span between the recognition of the obligation and its settlement, the amount recognised is the present value of the future expenditures expected to be required to settle the obligation. Any change due to the unwinding of discount on provisions is recognised within “Finance income (expense)”. Such liabilities are reviewed regularly to take into account the changes in the expected costs to be incurred, contractual obligations, regulatory requirements and practices in force in the countries where the tangible assets are located. The effects of any changes in the estimate of the liability are recognised generally as an adjustment to the carrying amount of the related property, plant and equipment; however, if the resulting decrease in the liability exceeds the carrying amount of the related asset, the excess is recognised in the profit and loss account. Analogous approach is adopted for present obligations to realise social projects related to operating activities carried out by the Company. Environmental liabilities Environmental liabilities are recognised when the Group has a present obligation, legal or constructive, relating to environmental clean-up and remediation of soil and groundwater in areas owned or under concession where the Group performed in the past industrial operations that were progressively divested, shut down, dismantled or restructured. Liabilities for environmental costs are recognised when a clean-up is probable and the associated costs can be reliably estimated. The liability is measured on the basis of on the costs expected to be incurred in relation to the existing situation at the balance sheet date, considering virtually certain future developments in technology and legislation that are known. Significant accounting estimates and judgments: decommissioning and restoration liabilities, environmental liabilities and other provisions The Group holds provisions for dismantling and removing items of property, plant and equipment, and restoring land or seabed at the end of the oil and gas production activity. Estimating obligations to dismantle, remove and restore items of property, plant and equipment is complex. It requires management to make estimates and judgments with respect to removal obligations that will come to term many years into the future and contracts and regulations are often unclear as to what constitutes removal. In addition, the ultimate financial impact of environmental laws and regulations is not always clearly known as asset removal technologies and costs constantly evolve in the countries where Eni operates, as do political, environmental, safety and public expectations. The estimates about the timing and amount of future cash outflows, any related update as well as the related discounting are based on complex managerial judgments. Decommissioning and restoration provisions, recognised in the financial statements, include, essentially, the present value of the expected costs for decommissioning oil and natural gas facilities at the end of the economic lives of fields, well-plugging, abandonment and site restoration of the Exploration & Production operating segment. Any decommissioning and restoration provisions associated with the other operating segments’ assets, given their indeterminate settlement dates, also considering the strategy to reconvert plants in order to produce low carbon products, are recognised when it is possible to make a reliable estimate of the discounted abandonment costs. In this regard, Eni performs periodic reviews for any changes in facts and circumstances that might require recognition of a decommissioning and restoration provision. Eni is subject to numerous EU, national, regional and local environmental laws and regulations concerning its oil and gas operations, production and other activities. They include legislations that implement international conventions or protocols. Environmental liabilities are recognised when it becomes probable that an outflow of resources will be required to settle the obligation and such obligation can be reliably estimated. With reference to groundwater treatment plants, during 2022, the enhancement of the know-how gained on water contamination trends, as well as the evolution of the positions of the competent authorities, have allowed the definition of a predictive model for estimating the time horizon within which the operations of those plants will be terminated and, therefore, for estimating the cost of managing and monitoring them. The reliable determinability is verified on the basis of the available information such as, for example, the approval or filing of the environmental projects to the relevant administrative authorities or the making of a commitment to the relevant administrative authorities, where supported by adequate estimates. Management, considering the actions already taken, insurance policies obtained to cover environmental risks and provisions already recognised, does not expect any material adverse effect on Eni’s consolidated results of operations and financial position as a result of such laws and regulations. However, there can be no assurance that there will not be a material adverse impact on Eni’s consolidated results of operations and financial position due to: (i) the possibility of an unknown contamination; (ii) the results of the ongoing surveys and other possible effects of statements required by applicable laws; (iii) the possible effects of future environmental legislations and rules; (iv) the effects of possible technological changes relating to future remediation; and (v) the possibility of litigation and the difficulty of determining Eni’s liability, if any, against other potentially responsible parties with respect to such litigations and the possible reimbursements. In addition to environmental and decommissioning and restoration liabilities, Eni recognises provisions primarily related to legal and trade proceedings. These provisions are estimated on the basis of complex managerial judgments related to the amounts to be recognised and the timing of future cash outflows. After the initial recognition, provisions are periodically reviewed and adjusted to reflect the current best estimate. |
Employee benefits | Employee benefits Employee benefits are considerations given by the Group in exchange for service rendered by employees or for the termination of employment. Post-employment benefit plans, including informal arrangements, are classified as either defined contribution plans or defined benefit plans depending on the economic substance of the plan as derived from its principal terms and conditions. Under defined contribution plans, the Company’s obligation, which consists in making payments to the State or to a trust or a fund, is determined on the basis of contributions due. The liabilities related to defined benefit plans, net of any plan assets, are determined on the basis of actuarial assumptions and charged on an accrual basis during the employment period required to obtain the benefits. Net interest includes the return on plan assets and the interest cost. Net interest is measured by applying to the liability, net of any plan assets, the discount rate used to calculate the present value of the liability; net interest of defined benefit plans is recognised in “Finance income (expense)”. Remeasurements of the net defined benefit liability, comprising actuarial gains and losses, resulting from changes in the actuarial assumptions used or from changes arising from experience adjustments, and the return on plan assets excluding amounts included in net interest, are recognised within the statement of comprehensive income. Remeasurements of the net defined benefit liability, recognised within other comprehensive income, are not reclassified subsequently to the profit and loss account. Obligations for long-term benefits are determined by adopting actuarial assumptions. The effects of remeasurements are taken to profit and loss account in their entirety. The liabilities for termination benefits are recognised at the earlier of the following dates: (a) when the entity can no longer withdraw the offer of those benefits; and (b) when the entity recognises costs for a restructuring that involves the payment of termination benefits. Such liabilities are measured in accordance with the nature of the employee benefit. Liabilities for termination benefits are determined applying the requirements: (i) for short-term employee benefits, if the termination benefits are expected to be settled wholly before twelve months after the end of the annual reporting period in which the termination benefits are recognised; or (ii) for long-term benefits if the termination benefits are not expected to be settled wholly before twelve months after the end of the annual reporting period. |
Share-based payments | Share-based payments The line item “Payroll and related costs” includes the cost of the share-based incentive plan, consistent with its actual remunerative nature. The cost of the share-based incentive plan is measured by reference to the fair value of the equity instruments granted and the estimate of the number of shares that eventually vest; the cost is recognised on an accrual basis pro rata temporis over the vesting period, that is the period between the grant date and the settlement date. The fair value of the shares underlying the incentive plan is measured at the grant date, taking into account the estimate of achievement of market conditions (e.g. Total Shareholder Return), and is not adjusted in subsequent periods; when the achievement is linked also to non-market conditions, the number of shares expected to vest is adjusted during the vesting period to reflect the updated estimate of these conditions. If, at the end of the vesting period, the incentive plan does not vest because of failure to satisfy the performance conditions, the portion of cost related to market conditions is not reversed to the profit and loss account. Significant accounting estimates and judgments: employee benefits and share-based payments Defined benefit plans are evaluated with reference to uncertain events and based upon actuarial assumptions including, among others, discount rates, expected rates of salary increases, mortality rates, estimated retirement dates and medical cost trends. The significant assumptions used to account for defined benefit plans are determined as follows: (i) discount and inflation rates are based on the market yields on high quality corporate bonds (or, in the absence of a deep market of these bonds, on the market yields on government bonds) and on the expected inflation rates in the reference currency area; (ii) the future salary levels of the individual employees are determined including an estimate of future changes attributed to general price levels (consistent with inflation rate assumptions), productivity, seniority and promotion; (iii) healthcare cost trend assumptions reflect an estimate of the actual future changes in the cost of the healthcare related benefits provided to the plan participants and are based on past and current healthcare cost trends, including healthcare inflation, changes in healthcare utilisation, changes in health status of the participants and the contributions paid to health funds; and (iv) demographic assumptions such as mortality, disability and turnover reflect the best estimate of these future events for individual employees involved. Differences in the amount of the net defined benefit liability (asset), deriving from the remeasurements, comprising, among others, changes in the current actuarial assumptions, differences in the previous actuarial assumptions and what has actually occurred and differences in the return on plan assets, excluding amounts included in net interest, usually occur. Similar to the approach followed for the fair value measurement of financial instruments, the fair value of the shares underlying the incentive plans is measured by using complex valuation techniques and identifying, through structured judgments, the assumptions to be adopted. |
Equity instruments | Equity instruments Treasury shares Treasury shares, including shares held to meet the future requirements of the share-based incentive plans, are recognised as deductions from equity at cost. Any gain or loss resulting from subsequent sales is recognised in equity. Hybrid bonds The perpetual subordinated hybrid bonds are classified in the financial statements as equity instruments considering that the issuer has the unconditional right to defer, until the date of its own liquidation, the repayment of the principal amount and the payment of accrued interest 25 . Therefore, the issuer recognises the cash received from the bondholders, net of costs incurred in issuing the hybrid bonds, as an increase in Eni owners’ equity; differently, the repayments of the principal amount and the payments of accrued interest (upon the arising of the related contractual payment obligation) are accounted for as a decrease in Eni owners’ equity. |
Revenue from contracts with customers | Revenue from contracts with customers Revenue from contracts with customers is recognised on the basis of the following five steps: (i) identifying the contract with the customer; (ii) identifying the performance obligations, that are promises in a contract to transfer goods and/or services to a customer; (iii) determining the transaction price; (iv) allocating the transaction price to each performance obligation on the basis of the relative stand-alone selling prices of each good or service; and (v) recognising revenue when (or as) a performance obligation is satisfied, that is when a promised good or service is transferred to a customer. A promised good or service is transferred when (or as) the customer obtains control of it. Control can be transferred over time or at a point in time. With reference to the most important products sold by Eni, revenue is generally recognised for: 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. Revenue is measured at the fair value of the consideration to which the Company expects to be entitled in exchange for transferring promised goods and/or services to a customer, excluding amounts collected on behalf of third parties. In determining the transaction price, the promised amount of consideration is adjusted for the effects of the time value of money if the timing of payments agreed to by the parties to the contract provides the customer or the entity with a significant benefit of financing the transfer of goods or services to the customer. The promised amount of consideration is not adjusted for the effect of the significant financing component if, at contract inception, it is expected that the period between the transfer of a promised good or service to a customer and when the customer pays for that good or service will be one year or less. If the consideration promised in a contract includes a variable amount, the Company estimates the amount of consideration to which it will be entitled in exchange for transferring the promised goods and/or services to a customer; in particular, the amount of consideration can vary because of discounts, refunds, incentives, price concessions, performance bonuses, penalties or if the price is contingent on the occurrence or non-occurrence of future events. If, in a contract, the Company grants a customer the option to acquire additional goods or services for free or at a discount (e.g. sales incentives, customer award points, etc.), this option gives rise to a separate performance obligation in the contract only if the option provides a material right to the customer that it would not receive without entering into that contract. When goods or services are exchanged for goods or services which are of a similar nature and value, the exchange is not regarded as a transaction which generates revenue. Significant accounting estimates and judgments: revenue from contracts with customers Revenue from sales of electricity and gas to retail customers includes the amount accrued for electricity and gas supplied between the date of the last invoiced meter reading (actual or estimated) of volumes consumed and the end of the year. These estimates consider information provided by the grid managers about the volumes allocated among the customers of the secondary distribution network, about the actual and estimated volumes consumed by customers, as well as internal estimates about volumes consumed by customers. Therefore, revenue is accrued as a result of a complex estimate based on the volumes distributed and allocated, communicated by third parties, likely to be adjusted, according to applicable regulations, within the fifth year following the one in which they are accrued, as well as on estimates about volumes consumed by customers. Considering the contractual obligations on the supply delivery points, revenue from sales of electricity and gas to retail customers includes costs for transportation and dispatching and in these cases the gross amount of consideration to which the Company is entitled is recognised. |
Costs | Costs Costs are recognised when the related goods and services are sold or consumed during the year, when they are allocated on a systematic basis or when their future economic benefits cannot be identified. Costs associated with emission quotas, incurred to meet the compliance requirements (e.g. Emission Trading Scheme) and determined on the basis of market prices, are recognised in relation to the amounts of the carbon dioxide emissions that exceed free allowances. Costs related to the purchase of the emission rights that exceed the amount necessary to meet regulatory obligations are recognised as intangible assets. Revenue related to emission quotas is recognised when they are sold. Emission rights held for trading are recognised within inventories. The costs incurred on a voluntary basis for the acquisition or production of forestry certificates, also taking into account the absence of an active market, are recognised in the profit and loss account when incurred. The costs for the acquisition of new knowledge or discoveries, the study of products or alternative processes, new techniques or models, the planning and construction of prototypes or, in any case, costs incurred for other scientific research activities or technological development, which cannot be capitalised (see also the accounting policy for “Intangible assets”), are included in the profit and loss account when they are incurred. |
Exchange differences | Exchange differences Revenues and costs associated with transactions in foreign currencies are translated into the functional currency by applying the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the spot exchange rate on the balance sheet date and any resulting exchange differences are included in the profit and loss account within “Finance income (expense)” or, if designated as hedging instruments for the foreign currency risk, in the same line item in which the economic effects of the hedged item are recognised. Non-monetary assets and liabilities denominated in foreign currencies, measured at cost, are not retranslated subsequent to initial recognition. Non-monetary items measured at fair value, recoverable amount or net realisable value are retranslated using the exchange rate at the date when the value is determined. |
Dividends | Dividends Dividends are recognised when the right to receive payment of the dividend is established. Dividends and interim dividends to owners are shown as changes in equity when the dividends are declared by, respectively, the shareholders’ meeting and the Board of Directors. |
Income taxes | Income taxes Current income taxes are determined on the basis of estimated taxable profit. Current income tax assets and liabilities are measured at the amount expected to be paid to (recovered from) the taxation authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and liabilities are recognised for temporary differences arising between the carrying amounts of the assets and liabilities and their tax bases, based on tax rates and tax laws that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets are recognised when their recoverability is considered probable, i.e. when it is probable that sufficient taxable profit will be available in the same year as the reversal of the deductible temporary difference. Similarly, deferred tax assets for the carry-forward of unused tax credits and unused tax losses are recognised to the extent that their recoverability is probable. The carrying amount of the deferred tax assets is reviewed, at least, on an annual basis. If there is uncertainty over income tax treatments, if the company concludes it is probable that the taxation authority will accept an uncertain tax treatment, it determines the (current and/or deferred) income taxes to be recognised in the financial statements consistent with the tax treatment used or planned to be used in its income tax filings. Conversely, if the company concludes it is not probable that the taxation authority will accept an uncertain tax treatment, the company reflects the effect of uncertainty in determining the (current and/or deferred) income taxes to be recognised in the financial statements. Relating to the taxable temporary differences associated with investments in subsidiaries and associates, and interests in joint arrangements, the related deferred tax liabilities are not recognised if the investor is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are presented within non-current assets and liabilities and are offset at a single entity level if related to off-settable taxes. The balance of the offset, if positive, is recognised in the line item “Deferred tax assets” and, if negative, in the line item “Deferred tax liabilities”. When the results of transactions are recognised in other comprehensive income or directly in equity, the related current and deferred taxes are also recognised in other comprehensive income or directly in equity. Significant accounting estimates and judgments: income taxes The computation of income taxes involves the interpretation of applicable tax laws and regulations in many jurisdictions throughout the world. Although Eni aims to maintain a relationship with the taxation authorities characterised by transparency, dialogue and cooperation (e.g. by not using aggressive tax planning and by using, if available, procedures intended to eliminate or reduce tax litigations), there can be no assurance that there will not be a tax litigation with the taxation authorities where the legislation could be open to more than one interpretation. The resolution of tax disputes, through negotiations with relevant taxation authorities or through litigation, could take several years to complete. The estimate of liabilities related to uncertain tax treatments requires complex judgments by management. After the initial recognition, these liabilities are periodically reviewed for any changes in facts and circumstances. Management makes complex judgments regarding mainly the assessment of the recoverability of deferred tax assets, related both to deductible temporary differences and unused tax losses, which requires estimates and evaluations about the amount and the timing of future taxable profits. |
Assets held for sale and discontinued operations | Assets held for sale and discontinued operations Non-current assets and current and non-current assets included within disposal groups are classified as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the asset or the disposal group is available for immediate sale in its present condition. When there is a sale plan involving loss of control of a subsidiary, all the assets and liabilities of that subsidiary are classified as held for sale, regardless of whether a non-controlling interest in its former subsidiary will be retained after the sale. Non-current assets held for sale, current and non-current assets included within disposal groups that have been classified as held for sale and the liabilities directly associated with them are recognised on the balance sheet separately from other assets and liabilities. Immediately before the initial classification of a non-current asset and/or a disposal group as held for sale, the non-current asset and/or the assets and liabilities in the disposal group are measured in accordance with applicable IFRSs. Subsequently, non-current assets held for sale are not depreciated or amortised and they are measured at the lower of the fair value less costs to sell and their carrying amount. If an equity-accounted investment, or a portion of that investment meets the criteria to be classified as held for sale, it is no longer accounted for using the equity method and it is measured at the lower of its carrying amount at the date the equity method is discontinued, and its fair value less costs to sell. Any retained portion of the equity-accounted investment that has not been classified as held for sale is accounted for using the equity method until disposal of the portion that is classified as held for sale takes place. Any difference between the carrying amount of the non-current assets and the fair value less costs to sell is taken to the profit and loss account as an impairment loss; any subsequent reversal is recognised up to the cumulative impairment losses, including those recognised prior to qualification of the asset as held for sale. Non-current assets classified as held for sale and disposal groups are considered a discontinued operation if they, alternatively: (i) represent a separate major line of business or geographical area of operations; (ii) are part of a disposal program of a separate major line of business or geographical area of operations; or (iii) are a subsidiary acquired exclusively with a view to resale. The results of discontinued operations, as well as any gain or loss recognised on the disposal, are indicated in a separate line item of the profit and loss account, net of the related tax effects; the economic figures of discontinued operations are indicated also for prior periods presented in the financial statements. If events or circumstances occur that no longer allow to classify a non-current asset or a disposal group as held for sale, the non-current asset or the disposal group is reclassified into the original line items of the balance sheet and measured at the lower of: (i) its carrying amount at the date of classification as held for sale adjusted for any depreciation, amortisation, impairment losses and reversals that would have been recognised had the asset or disposal group not been classified as held for sale, and (ii) its recoverable amount at the date of the subsequent decision not to sell. |
Fair value measurements | Fair value measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (not in a forced liquidation or a distress sale) at the measurement date (exit price). Fair value measurement is based on the market conditions existing at the measurement date and on the assumptions of market participants (market-based measurement). A fair value measurement assumes that the transaction to sell the asset or transfer the liability takes place in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market to which the entity has access, independently from the entity’s intention to sell the asset or transfer the liability to be measured. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. Highest and best use is determined from the perspective of market participants, even if the entity intends a different use; an entity’s current use of a non-financial asset is presumed to be its highest and best use, unless market or other factors suggest that a different use by market participants would maximise the value of the asset. The fair value of a liability, both financial and non-financial, or of the Company’s own equity instrument, in the absence of a quoted price, is measured from the perspective of a market participant that holds the identical item as an asset at the measurement date. The fair value of financial instruments takes into account the counterparty’s credit risk for a financial asset (Credit Valuation Adjustment, CVA) and the Company’s own credit risk for a financial liability (Debit Valuation Adjustment, DVA). In the absence of available market quotation, fair value is measured by using valuation techniques that are appropriate in the circumstances, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. Assets and liabilities measured at fair value are categorized into the fair value hierarchy which is defined on the basis of the significance of the inputs used to measure fair value. In particular, on the basis of the features of the inputs used in the measurement, the fair value hierarchy provides for the following levels: a) b) c) Significant accounting estimates and judgments: fair value Fair value measurement, although based on the best available information and on the use of appropriate valuation techniques, is inherently uncertain, requires the use of professional judgment and could result in expected values other than the actual ones. |
Significant accounting polici_3
Significant accounting policies, estimates and judgements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Significant accounting policies, estimates and judgements | |
Schedule of foreign exchange rates used to translate the financial statements into Parent's functional currency | The main foreign exchange rates used to translate the financial statements into the parent’s functional currency are indicated below: (currency amount for 1 €) Annual average exchange rate 2022 Exchange rate at December 31, 2022 Annual average exchange rate 2021 Exchange rate at December 31, 2021 Annual average exchange rate 2020 Exchange rate at December 31, 2020 U.S. Dollar 1.05 1.07 1.18 1.13 1.14 1.23 Pound Sterling 0.85 0.89 0.86 0.84 0.89 0.90 Australian Dollar 1.52 1.57 1.57 1.56 1.66 1.59 |
Business combinations and oth_2
Business combinations and other significant transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Business combinations and other significant transactions | |
Schedule of detailed information about business combinations | B alance sheet values at the acquisition date of the business combinations realized in 202 2 are shown in the following table: SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA) Corazon I / Guajillo Energía Eólica Boreas SLU Export LNG Ltd PLT (PLT Energia Srl and SEF Srl) Other acquisitions and business combinations Total Cash and cash equivalents 2 12 17 31 Current financial assets 11 11 Other current assets 1 1 145 147 Current assets 3 13 173 189 Property, plant and equipment 189 100 650 532 1 1,472 Goodwill 52 18 412 482 Other non-current assets 45 157 288 19 509 Non-current assets 52 234 275 650 1,232 20 2,463 TOTAL ASSETS 52 237 288 650 1,405 20 2,652 Current financial liabilities 3 4 79 86 Other current liabilities 1 3 166 1 171 Current liabilities 4 4 3 245 1 257 Non-current financial liabilities 1 87 67 339 3 497 Provisions 7 7 14 Deferred tax liabilities 15 63 78 Other non-current liabilities 3 99 1 103 Non-current liabilities 1 97 181 410 3 692 TOTAL LIABILITIES 1 101 185 3 655 4 949 Equity attributable to Eni 51 121 103 647 750 16 1,688 Non-controlling interest 15 15 TOTAL EQUITY 51 136 103 647 750 16 1,703 TOTAL LIABILITIES AND EQUITY 52 237 288 650 1,405 20 2,652 |
Schedule of detailed information about divestments | Balance sheet values of the divestments and/or business combinations realized in 2022 are shown in the following table: Azule Energy Holdings Ltd Vårgrønn AS Assets in Pakistan Other divestments Total Cash and cash equivalents 35 28 7 70 Current financial assets 221 221 Other current assets 1,266 106 5 1,377 Current assets 1,522 134 12 1,668 Property, plant and equipment 4,358 9 1 4,368 Other non-current assets 3,512 731 7 4,250 Non-current assets 7,870 731 16 1 8,618 TOTAL ASSETS 9,392 731 150 13 10,286 Current financial liabilities 302 173 475 Other current liabilities 990 58 3 1,051 Current liabilities 1,292 173 58 3 1,526 Non-current financial liabilities 1,710 190 1 1,901 Provisions 632 75 707 Deferred tax liabilities 528 528 Other non-current liabilities 47 17 1 65 Non-current liabilities 2,917 190 93 1 3,201 TOTAL LIABILITIES 4,209 363 151 4 4,727 Equity attributable to Eni 5,183 368 (1) 9 5,559 TOTAL EQUITY 5,183 368 (1) 9 5,559 TOTAL LIABILITIES AND EQUITY 9,392 731 150 13 10,286 |
Financial assets at fair valu_2
Financial assets at fair value through profit or loss (Tables) - Financial assets at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through profit or loss | |
Disclosure of financial assets at fair value through profit and loss | ( € million) December 31, 2022 December 31, 2021 Bonds issued by sovereign states 1,244 1,149 Other 5,243 5,152 Financial assets held for trading 6,487 6,301 Other financial assets at fair value through profit or loss Other 1,764 Total financial assets at fair value through profit or loss 8,251 6,301 |
Schedule of financial assets at fair value through profit and loss breakdown by currency | The breakdown by currency is provided below: (€ million) December 31, 2022 December 31, 2021 Financial assets held for trading Euro 3,599 3,913 U.S. dollars 2,885 2,336 Other currencies 3 52 6,487 6,301 Other financial assets at fair value through profit or loss Euro 1,201 U.S. dollars 563 1,764 8,251 6,301 |
Schedule of financial assets at fair value through profit and loss by issuing entity and credit rating | 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 152 148 Baa3 BBB United States of America 301 300 Aaa AA+ Spain 179 179 Baa1 A Chile 125 120 A2 A France 75 76 Aa2 AA Germany 60 60 Aaa AAA Other (*) 149 147 from Aaa to A3 1,041 1,030 Floating rate bonds Italy 205 207 Baa3 BBB Other 7 7 Aaa AAA 212 214 Total quoted bonds issued by sovereign states 1,253 1,244 Other Bonds Fixed rate bonds Quoted bonds issued by industrial companies 1,210 1,195 from Aa1 to Baa3 Quoted bonds issued by financial and insurance companies 804 762 from Aaa to Baa3 Other bonds 1,041 1,039 from Aaa to Baa3 3,055 2,996 Floating rate bonds Quoted bonds issued by industrial companies 643 647 from Aa2 to Baa3 Quoted bonds issued by financial and insurance companies 998 988 from Aa1 to Baa3 Other bonds 610 612 from Aaa to Baa2 2,251 2,247 Total other bonds 5,306 5,243 Total other financial assets held for trading 6,559 6,487 Other financial assets at fair value through profit or loss 1,781 1,764 Aaa AAA 8,340 8,251 (*) Amounts included herein are lower than €50 million. |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other receivables | |
Schedule of analysis of trade and other receivables | (€ million) December 31, 2022 December 31, 2021 Trade receivables 16,556 15,524 Receivables from divestments 301 8 Receivables from joint ventures in exploration and production activities 1,645 1,888 Other receivables 2,338 1,430 20,840 18,850 |
Schedule of credit risk exposure and expected losses relating to trade and other receivables based on internal ratings | Credit risk exposure and expected losses relating to trade and other receivables has been prepared on the basis of internal ratings as follows: Performing receivables Defaulted receivables Plenitude customers Total (€ million) Low Medium Risk High Risk December 31, 2022 Business customers 4,815 7,970 378 1,583 14,746 National Oil Companies and Public Administrations 215 852 2,248 3,315 Other counterparties 1,673 725 13 122 3,200 5,733 Gross amount 6,703 9,547 391 3,953 3,200 23,794 Allowance for doubtful accounts (23 ) (169 ) (15 ) (2,176 ) (571 ) (2,954 ) Net amount 6,680 9,378 376 1,777 2,629 20,840 Expected loss (% net of counterpart risk mitigation factors) 0.4 1.8 3.8 55.0 17.8 12.4 December 31, 2021 Business customers 4,348 6,628 818 1,560 13,354 National Oil Companies and Public Administrations 331 884 1 2,674 3,890 Other counterparties 1,854 311 16 137 2,601 4,919 Gross amount 6,533 7,823 835 4,371 2,601 22,163 Allowance for doubtful accounts (25 ) (416 ) (69 ) (2,209 ) (594 ) (3,313 ) Net amount 6,508 7,407 766 2,162 2,007 18,850 Expected loss (% net of counterpart risk mitigation factors) 0.4 5.3 8.3 50.5 22.8 14.9 |
Schedule of provision matrix | Ageing (€ million) Not-past due from 0 to 3 months from 3 to 6 months from 6 to 12 months over 12 months Total December 31, 2022 Plenitude customers: - Retail 1,508 74 35 63 203 1,883 - Middle 657 33 11 7 162 870 - Other 436 1 5 4 1 447 Gross amount 2,601 108 51 74 366 3,200 Allowance for doubtful accounts (83 ) (31 ) (31 ) (66 ) (360 ) (571 ) Net amount 2,518 77 20 8 6 2,629 Expected loss (%) 3.2 28.7 60.8 89.2 98.4 17.8 December 31, 2021 Plenitude customers: - Retail 1,291 70 55 92 337 1,845 - Middle 424 22 5 7 188 646 - Other 57 43 6 1 3 110 Gross amount 1,772 135 66 100 528 2,601 Allowance for doubtful accounts (63 ) (22 ) (27 ) (52 ) (430 ) (594 ) Net amount 1,709 113 39 48 98 2,007 Expected loss (%) 3.6 16.3 40.9 52.0 81.4 22.8 |
Schedule of analyses the allowance for doubtful accounts for trade and other receivables | (€ million) 2022 2021 Allowance for doubtful accounts - beginning of the year 3,313 3,157 Additions for trade and other performing receivables 166 202 Additions for trade and other defaulted receivables 253 348 Utilizations for trade and other performing receivables (37 ) (135 ) Utilizations for trade and other defaulted receivables (758 ) (421 ) Other changes 17 162 Allowance for doubtful accounts - end of the year 2,954 3,313 |
Schedule of net (impairment losses) reversals of trade and other receivables | Net (impairment s ) reversals of trade and other receivables are disclosed as follows: (€ million) 2022 2021 2020 New or increased provisions ( 419 ) ( 550 ) ( 343 ) Net credit losses ( 81 ) ( 66 ) ( 36 ) Reversals 547 337 153 Net (impairments) reversals of trade and other receivables 47 ( 279 ) ( 226 ) |
Current and non-current inven_2
Current and non-current inventories (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Current and non-current inventories | |
Schedule of current and non-current inventories | (€ million) December 31, 2022 December 31, 2021 Raw and auxiliary materials and consumables 1,228 1,001 Components and spare parts for drilling operations, plans and equipment 1,515 1,611 Finished products and goods 4,962 3,452 Other 4 8 Current inventories 7,709 6,072 |
Income tax receivables and pa_2
Income tax receivables and payables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income tax receivables and payables | |
Schedule of income tax receivables and payables | (€ million) December 31, 2022 December 31, 2021 Receivables Payables Receivables Payables Current Non-current Current Non-current Current Non-current Current Non-current Income taxes 317 114 2,108 253 195 108 648 374 |
Other assets and liabilities (T
Other assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other assets and liabilities | |
Schedule of other assets and liabilities | December 31, 2022 December 31, 2021 (€ million) Assets Liabilities Assets Liabilities Current Non-current Current Non-current Current Non-current Current Non-current Fair value of derivative financial instruments 11,076 129 9,042 286 12,460 51 12,911 115 Contract liabilities 1,145 706 482 726 Other Taxes 807 157 1,463 34 442 182 1,435 27 Other 938 1,950 823 2,208 732 796 928 1,378 12,821 2,236 12,473 3,234 13,634 1,029 15,756 2,246 |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment | |
Schedule of property, plant and equipment | (€ million) Land and buildings E&P wells, plant and machinery Other plant and machinery E&P exploration assets and appraisal E&P tangible assets in progress Other tangible assets in progress and advances Total 2022 Net carrying amount - beginning of the year 1,071 42,342 3,850 1,244 6,545 1,247 56,299 Additions 22 132 456 655 5,471 964 7,700 Depreciation capitalized 11 179 190 Depreciation (*) (51 ) (5,467 ) (554 ) (6,072 ) Reversals 3 40 191 141 38 413 Impairments (21 ) (313 ) (485 ) (149 ) (414 ) (1,382 ) Write-off (1 ) (2) (365 ) (218 ) (586 ) Currency translation differences 2 2,422 55 74 364 9 2,926 Initial recognition and changes in estimates (173 ) 2 (7 ) 98 (80 ) Changes in the scope of consolidation - included entities 9 650 695 118 1,472 Changes in the scope of consolidation - excluded entities (1 ) (3,687 ) (6 ) (119 ) (546 ) (4,359 ) Transfers 41 4,403 425 (149 ) (4,254 ) (466 ) Other changes 14 143 (347 ) 1 (4 ) 4 (189 ) Net carrying amount - end of the year 1,088 40,492 4,280 1,345 7,627 1,500 56,332 Gross carrying amount - end of the year 4,255 143,433 31,327 1,345 11,787 3,665 195,812 Provisions for depreciation and impairments 3,167 102,941 27,047 4,160 2,165 139,480 2021 Net carrying amount - beginning of the year 1,128 39,648 3,299 1,341 7,118 1,409 53,943 Additions 18 8 277 380 3,413 854 4,950 Depreciation capitalized 28 90 118 Depreciation (*) (49 ) (5,421 ) (496 ) (5,966 ) Reversals 1,080 118 337 1,535 Impairments (101 ) (90 ) (768 ) (85 ) (582 ) (1,626 ) Write-off (1 ) (2 ) (331 ) (18 ) (352 ) Currency translation differences 2 2,956 66 106 546 12 3,688 Initial recognition and changes in estimates 200 (9 ) 4 195 Changes in the scope of consolidation 22 1,001 (199 ) (1,119 ) 43 (252 ) Transfers 50 3,841 409 (44 ) (3,797 ) (459 ) Other changes 2 120 (54 ) (28 ) 56 (30 ) 66 Net carrying amount - end of the year 1,071 42,342 3,850 1,244 6,545 1,247 56,299 Gross carrying amount - end of the year 4,175 149,117 30,618 1,244 10,485 3,107 198,746 Provisions for depreciation and impairments 3,104 106,775 26,768 3,940 1,860 142,447 (*) Before capitalization of depreciation of tangible assets |
Schedule of depreciation rates | (%) Buildings 2 - 10 Refining and chemical plants 3 - 17 Gas pipelines and compression stations 4 - 12 Power plants 3 - 5 Other plant and machinery 6 - 12 Industrial and commercial equipment 5 - 25 Other assets 10 - 20 |
Schedule of stratification of the suspended wells pending final determination of proved reserves aging | (€ million) 2022 2021 2020 Costs for exploratory wells suspended - beginning of the year 1,101 1,268 1,246 Increases for which is ongoing the determination of proved reserves 547 288 408 Amounts previously capitalized and expensed in the year (374 ) (286 ) (226 ) Reclassification to successful exploratory wells following the estimation of proved reserves (147 ) (43 ) (48 ) Disposals (2 ) (3 ) Changes in the scope of consolidation (114 ) (199 ) Currency translation differences 65 100 (112 ) Other changes 9 (24 ) Costs for exploratory wells suspended - end of the year 1,085 1,101 1,268 The following information relates to the stratification of the suspended wells pending final determination (age ing): 2022 2021 2020 (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) (€ million) (number of wells in Eni’s interest) Costs capitalized and suspended for exploratory well activity - within 1 year 216 5.0 175 4.0 157 6.7 - between 1 and 3 years 246 4.9 269 12.2 250 11.0 - beyond 3 years 623 13.9 657 19.7 861 19.3 1,085 23.8 1,101 35.9 1,268 37.0 Costs capitalized for suspended wells - fields including wells drilled over the last 12 months 204 4.5 175 4.0 157 6.7 - fields for which the delineation campaign is in progress 579 11.3 567 17.9 631 14.9 - fields including commercial discoveries that proceeds to a FID 302 8.0 359 14.0 480 15.4 1,085 23.8 1,101 35.9 1,268 37.0 |
Schedule of unproved mineral interests | (€ million) Congo Nigeria Turkmenistan USA Algeria Egypt United Arab Emirates Italy Total 2022 Carrying amount - beginning of the year 218 892 3 68 114 16 508 1,819 Additions 11 110 (2 ) 2 121 Net (impairments) reversals (28 ) 93 (56 ) 9 Reclassification to Proved Mineral Interest (6 ) (19 ) (12 ) (19 ) (56 ) Currency translation differences 14 55 (1 ) 4 6 1 31 110 Carrying amount - end of the year 198 958 95 16 211 3 520 2 2,003 2021 Carrying amount - beginning of the year 203 860 114 100 18 468 1,763 Additions 3 6 9 Net (impairments) reversals (1 ) 3 35 (2 ) 35 Reclassification to Proved Mineral Interest (48 ) (92 ) (1 ) (141 ) Currency translation differences 16 80 8 8 1 40 153 Carrying amount - end of the year 218 892 3 68 114 16 508 1,819 |
Right-of-use assets and lease_2
Right-of-use assets and lease liabilities (Table) | 12 Months Ended |
Dec. 31, 2022 | |
Right-of-use assets and lease liabilities | |
Summary of information about right-of-use assets | (€ million) Floating production storage and offloading vessels (FPSO) Drilling rig Naval facilities and related logistic bases for oil and gas transportation Motorway concessions and service stations Oil and gas distribution facilities Office buildings Vehicles Other Total 2022 Net carrying amount - beginning of the year 2,667 183 575 454 14 618 48 262 4,821 Additions 1,342 189 530 76 28 108 21 110 2,404 Depreciation (a) (226 ) (197 ) (303 ) (70 ) (13 ) (130 ) (21 ) (53 ) (1,013 ) Impairments (5 ) (5 ) (1 ) (7 ) (18 ) Reversals 14 14 Currency translation differences 239 12 10 3 3 267 Changes in the scope of consolidaion (1,878 ) (34 ) (39 ) (1 ) 73 (1,879 ) Other changes (2 ) (5 ) (100 ) (6 ) (5 ) (3 ) (5 ) (24 ) (150 ) Net carrying amount - end of the year 2,142 148 682 457 19 595 42 361 4,446 Gross carrying amount - end of the year 2,507 516 1,360 734 87 1,010 86 562 6,862 Provisions for depreciation and impairment 365 368 678 277 68 415 44 201 2,416 2021 Net carrying amount - beginning of the year 2,672 244 446 424 11 652 32 162 4,643 Additions 215 583 104 23 34 40 105 1,104 Depreciation (a) (217 ) (170 ) (274 ) (63 ) (11 ) (122 ) (22 ) (49 ) (928 ) Impairments (25 ) (6 ) (14 ) (14 ) (59 ) Currency translation differences 213 12 11 3 8 6 253 Changes in the scope of consolidaion (6 ) 116 110 Other changes (1 ) (118 ) (166 ) (8 ) 5 52 (2 ) (64 ) (302 ) Net carrying amount - end of the year 2,667 183 575 454 14 618 48 262 4,821 Gross carrying amount - end of the year 3,366 572 1,268 666 66 948 84 433 7,403 Provisions for depreciation and impairment 699 389 693 212 52 330 36 171 2,582 (a) Before capitalization of depreciation of tangible assets |
Summary of information about liabilities for leased assets | Liabilities for leased assets were as follows: (€ million) Current portion of long-term lease liabilities Long-term lease liabilities Total 2022 Carrying amount - beginning of the year 948 4,389 5,337 Additions 2,401 2,401 Decreases (980 ) (14 ) (994 ) Currency translation differences 43 242 285 Changes in the scope of consolidation (299 ) (1,654 ) (1,953 ) Other changes 1,172 (1,297 ) (125 ) Carrying amount - end of the year 884 4,067 4,951 2021 Carrying amount - beginning of the year 849 4,169 5,018 Additions 1,102 1,102 Decreases (934 ) (5 ) (939 ) Currency translation differences 38 231 269 Changes in the scope of consolidation 14 89 103 Other changes 981 (1,197 ) (216 ) Carrying amount - end of the year 948 4,389 5,337 |
Summary of amounts recognized in the profit and loss account for leases | The amounts recognised in the profit and loss account consist of the following: (€ million) 2022 2021 2020 Other income and revenues Income from remeasurement of lease liabilities 6 18 12 6 18 12 Purchases, services and other Short-term leases 113 85 67 Low-value leases 27 31 37 Variable lease payments not included in the measurement of lease liabilities 14 14 7 Capitalized direct cost associated with self-constructed assets - tangible assets (5 ) (4 ) (2 ) 149 126 109 Depreciation and impairments Depreciation of RoU leased assets 1,013 928 928 Capitalized direct cost associated with self-constructed assets - tangible assets (186 ) (110 ) (96 ) Impairments of RoU leased assets 18 59 47 Reversals of RoU leased assets (14 ) 831 877 879 Finance income (expense) from leases Interests on lease liabilities (315 ) (304 ) (347 ) Capitalized finance expense of RoU leased assets - tangible assets 8 5 7 Net currency translation differences on lease liabilities (4 ) (34 ) 24 (311 ) (333 ) (316 ) |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets | |
Schedule of intangible assets | (€ million) Exploration rights Industrial patents and intellectual property rights Other intangible assets with definite useful lives Intangible assets with definite useful lives Goodwill Other intangible assets with indefinite useful lives Total 2022 Net carrying amount - beginning of the year 913 155 845 1,913 2,862 24 4,799 Additions 53 28 275 356 356 Amortization (12 ) (74 ) (224 ) (310 ) (310 ) Impairments (14 ) (14 ) (153 ) (167 ) Write-off (13 ) (13 ) (13 ) Changes in the scope of consolidation (200 ) 391 191 482 673 Currency translation differences 54 1 55 11 66 Other changes (2 ) 67 120 185 (64 ) 121 Net carrying amount - end of the year 793 176 1,394 2,363 3,138 24 5,525 Gross carrying amount - end of the year 1,428 1,806 3,705 6,939 Provisions for amortization and impairment 635 1,630 2,311 4,576 2021 Net carrying amount - beginning of the year 888 162 589 1,639 1,297 2,936 Additions 12 28 244 284 284 Amortization (30 ) (89 ) (168 ) (287 ) (287 ) Impairment (2 ) (14 ) (16 ) (22 ) (38 ) Reversals 21 21 21 Write-off (35 ) (35 ) (35 ) Changes in the scope of consolidation 11 226 237 1,574 24 1,835 Currency translation differences 57 2 59 13 72 Other changes 45 (34 ) 11 11 Net carrying amount - end of the year 913 155 845 1,913 2,862 24 4,799 Gross carrying amount - end of the year 1,707 1,709 4,843 8,259 Provisions for amortization and impairment 794 1,554 3,998 6,346 |
Schedule of amortization rates used | The main amortization rates used were substantially unchanged from the previous year and ranged as follows: (%) Exploration rights UOP Other concessions, licenses, trademarks and similar items 3 - 33 Industrial patents and intellectual property rights 20 - 33 Capitalized costs for customer acquisition 17 - 33 Other intangible assets 3 - 20 |
Schedule of goodwill | The breakdown of goodwill by segment and business line is provided below: (€ million) December 31, 2022 December 31, 2021 Plenitude 2,927 2,446 Refining & Marketing 102 173 Exploration & Production 139 Chemical 93 93 Corporate and Other activities 16 11 3,138 2,862 |
Exploration rights | |
Intangible assets | |
Schedule of intangible assets | The breakdown of exploration rights by type of asset was as follows: (€ million) December 31, 2022 December 31, 2021 Proved licence and leasehold property acquisition costs 104 236 Unproved licence and leasehold property acquisition costs 689 677 793 913 |
Reversals (Impairments) of ta_2
Reversals (Impairments) of tangible and intangible assets and right-of-use assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Schedule of sensitivity analysis and the main underlying assumptions of each elaboration | Value in use of the O&G CGUs Headroom vs Carrying amounts Assumption at 2050 in real terms USD 2021 tax-deductible CO 2 charges non tax-deductible CO 2 charges Brent price European gas price Cost of CO 2 Eni's scenario >100 % - 43 $/bbl 5.3 $/mmBTU CO 2 costs projections in the EU/ETS 10% haircut of Eni's prices assumptions 80 % - 39 $/bbl 4.8 $/mmBTU CO 2 costs projections in the EU/ETS IEA NZE 2050 scenario 55 % 49 % 24 $/bbl 3.8 $/mmBTU 250 180 $ CO 2 (*) (*) Prices relating to advanced/emerging economies |
Schedule of results of the sensitivity test in terms of changes in the cumulated headroom of oil&gas CGUs and potential pre-tax income statement impacts | 2023 2025 2030 2040 2050 Brent $/bbl 73 63 62 53 43 TTF natural gas price $mmBtu 23.5 13.5 6.0 6.0 5.3 |
Schedule of sensititivity analysis for linear cut of -10% of hydrocarbon prices for cash flow projections | Sensitivity - 10% to Eni prices assumptions (€ billion) Sensitivity Exploration & Production assets (0.7 ) |
Schedule of sensititivity analysis for assumption of the projections of hydrocarbon prices and CO2 costs of the decarbonization scenario | Hydrocarbon prices and CO 2 costs of the IEA NZE 2050 scenario (€ billion) Sensitivity Tax-deductible CO 2 Non tax-deductible CO 2 Exploration & Production assets (2.1 ) (2.8 ) |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments | |
Schedule of equity accounted investments | 2022 2021 ( € million) Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Investments in unconsolidated entities controlled by Eni Joint ventures Associates Total Carrying amount - beginning of the year 44 2,057 3,786 5,887 80 2,832 3,837 6,749 Additions and subscriptions 21 900 686 1,607 1 558 103 662 Divestments and reimbursements (2 ) (1 ) (477 ) (480 ) (21 ) (231 ) (133 ) (385 ) Share of profit of equity-accounted investments 5 474 1,684 2,163 6 31 165 202 Share of loss of equity-accounted investments (6 ) (197 ) (82 ) (285 ) (3 ) (910 ) (381 ) (1,294 ) Deduction for dividends (3 ) (483 ) (708 ) (1,194 ) (25 ) (586 ) (16 ) (627 ) Changes in the scope of consolidation 5 (710 ) (1,122 ) (1,827 ) 5 355 360 Currency translation differences 2 (231 ) 230 1 2 83 296 381 Other changes (16 ) 5,256 980 6,220 (1 ) (75 ) (85 ) (161 ) Carrying amount - end of the year 50 7,065 4,977 12,092 44 2,057 3,786 5,887 |
Schedule of net carrying amount of equity-accounted investments | Net carrying amount s related to the following companies: December 31, 2022 December 31, 2021 (€ million) Net carrying amount % of the investment Net carrying amount % of the investment Investments in unconsolidated entities controlled by Eni Eni BTC Ltd 1 100.00 2 100.00 Other 49 42 50 44 Joint ventures Azule Energy Holdings Ltd 5,073 50.00 Saipem SpA 645 31.20 137 31.20 Cardón IV SA 433 50.00 279 50.00 Vårgrønn AS 370 65.00 3 69.60 Mozambique Rovuma Venture SpA 308 35.71 355 35.71 GreenIT SpA 74 51.00 9 51.00 Lotte Versalis Elastomers Co Ltd 41 50.00 54 50.00 Hergo Renewables SpA 33 65.00 Società Oleodotti Meridionali - SOM SpA 29 70.00 27 70.00 Vår Energi AS 645 69.85 Doggerbank Offshore Wind Farm Project 1 Holdco Ltd 246 20.00 Doggerbank Offshore Wind Farm Project 2 Holdco Ltd 238 20.00 Other 59 64 7,065 2,057 Associates Abu Dhabi Oil Refining Company (Takreer) 2,497 20.00 2,151 20.00 Vår Energi ASA 763 63.08 Coral FLNG SA 330 25.00 156 25.00 Qatar Liquefied Gas Company Limited (9) 302 25.00 Novamont SpA 255 35.00 ADNOC Global Trading Ltd 158 20.00 42 20.00 Novis Renewables Holdings Llc 74 49.00 75 49.00 Bluebell Solar Class A Holdings II Llc 73 99.00 71 99.00 United Gas Derivatives Co 72 33.33 75 33.33 Angola LNG Ltd 1,084 13.60 Other 453 132 4,977 3,786 12,092 5,887 |
Schedule of market value of investments listed in regulated stock markets | As at 31 December 2022, the book and market values of Saipem SpA and Vår Energi ASA, listed on the Italian and the Norwegia n stock exchange, respectively, were as follows : Saipem SpA Vår Energi ASA Number of ordinary shares held 622,476,192 1,574,616,035 % of the investment 31.20 63.08 Share price (€) 1.12750 3.19470 Market value (€ million) 702 5,030 Book value (€ million) 645 763 |
Schedule of additional information about other investments | (€ million) 2022 2021 Carrying amount - beginning of the year 1,294 957 Additions and subscriptions 68 175 Change in the fair value with effect to OCI 56 105 Currency translation differences 42 57 Other changes (258 ) Carrying amount - end of the year 1,202 1,294 |
Other financial assets (Tables)
Other financial assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other financial assets | |
Schedule of other financial assets | December 31, 2022 December 31, 2021 (€ million) Current Non-current Current Non-current Long-term financing receivables held for operating purposes 11 1,911 17 1,832 Short-term financing receivables held for operating purposes 8 39 19 1,911 56 1,832 Financing receivables held for non-operating purposes 1,485 4,252 1,504 1,911 4,308 1,832 Securities held for operating purposes 56 53 1,504 1,967 4,308 1,885 |
Schedule of financial receivables net of allowance for doubtful accounts | (€ million) 2022 2021 Carrying amount at the beginning of the year 403 352 Additions 13 41 Deductions (43 ) (15 ) Currency translation differences 21 25 Other changes (3 ) Carrying amount at the end of the year 391 403 |
Schedule of securities per issuing entity | Amortized cost (€ million) Nominal value (€ million) Fair Value (€ million) Nominal rate of return (%) Maturity date Rating - Moody's Rating - S&P Sovereign states Fixed rate bonds Italy 20 20 18 from 2022 to 2031 Baa3 BBB Others (*) 24 25 23 from 2023 to 2026 from Aa1 to Baa1 from AA+ to A- Floating rate bonds Italy 12 12 12 from 2024 to 2026 Baa3 BBB Total sovereign states 56 57 53 (*) Amounts included herein are lower than € 10 million. |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other payables | |
Schedule of trade and other payables | (€ million) December 31, 2022 December 31, 2021 Trade payables 19,527 16,795 Down payments and advances from joint ventures in exploration & production activities 606 552 Payables for purchase of non-current assets 2,561 1,732 Payables due to partners in exploration & production activities 1,235 1,188 Other payables 1,780 1,453 25,709 21,720 |
Finance debt (Tables)
Finance debt (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | December 31, 2022 December 31, 2021 Short-term debt Current portion of long-term debt Long-term debt Total Short-term debt Current portion of long-term debt Long-term debt Total (€ million) Banks 3,645 851 1,999 6,495 362 347 4,650 5,359 Ordinary bonds 2,140 16,372 18,512 913 18,049 18,962 Convertible bonds 399 399 Sustainability-Linked Bond 2 996 998 2 996 998 Commercial papers 34 34 836 836 Other financial institutions 767 104 7 878 1,101 120 19 1,240 4,446 3,097 19,374 26,917 2,299 1,781 23,714 27,794 |
Schedule of breakdown of committed borrowing facilities | (€ million) December 31, 2022 December 31, 2021 Undrawn long-term Sustainability-Linked bonds 8,100 2,800 Other undrawn long-term borrowing facilities 2 20 Drawn long-term Sustainability-Linked bonds 2,050 Other drawn long-term borrowing facilities 70 162 Long-term borrowing facilities 8,172 5,032 Other undrawn short-term borrowing facilities 43 15 Other drawn short-term borrowing facilities 83 67 Short-term borrowing facilities 126 82 8,298 5,114 |
Schedule of fair value of long-term debt | Fair value of long-term debt, including the current portion of long-term debt is described below: (€ million) December 31, 2022 December 31, 2021 Ordinary bonds and Sustainability-Linked Bond 18,167 23,070 Convertible bonds 513 Banks 2,733 5,029 Other financial institutions 111 138 21,011 28,750 |
Schedule of changes in liabilities arising from financing activities | (€ million) Long-term debt and current portion of long-term debt Short-term debt Long-term and current portion of long-term lease liabilietis Total Carrying amount at December 31, 2021 25,495 2,299 5,337 33,131 Cash flows (3,944 ) 1,375 (994 ) (3,563 ) Currency translation differences 208 547 289 1,044 Changes in the scope of consolidation 477 (95 ) (1,953 ) (1,571 ) Other non-monetary changes 235 320 2,272 2,827 Carrying amount at December 31, 2022 22,471 4,446 4,951 31,868 Carrying amount at December 31, 2020 23,804 2,882 5,018 31,704 Cash flows 666 (910 ) (939 ) (1,183 ) Currency translation differences 255 153 303 711 Changes in the scope of consolidation 545 160 103 808 Other non-monetary changes 225 14 852 1,091 Carrying amount at December 31, 2021 25,495 2,299 5,337 33,131 |
Currency | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | December 31, 2022 December 31, 2021 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 3,994 0.9 17,171 1.8 1,356 20,399 1.5 U.S. dollar 337 2.2 5,298 5.1 928 0.2 5,096 3.8 Other currencies 115 2 2.4 15 (0.3 ) 4,446 22,471 2,299 25,495 |
Ordinary Bonds | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | The following table provides a breakdown of ordinary bonds by issuing entity, maturity date, interest rate and currency as of December 31, 2022: (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % from to from to Issuing entity Euro Medium Term Notes 1,200 15 1,215 EUR 2025 3.750 1,000 29 1,029 EUR 2029 3.625 1,000 15 1,015 EUR 2023 3.250 1,000 11 1,011 EUR 2026 1.500 1,000 10 1,010 EUR 2031 2.000 1,000 3 1,003 EUR 2026 1.250 1,000 3 1,003 EUR 2030 0.625 900 900 EUR 2024 0.625 800 2 802 EUR 2028 1.625 750 11 761 EUR 2024 1.750 750 8 758 EUR 2027 1.500 750 ) 747 EUR 2034 1.000 650 4 654 EUR 2025 1.000 600 ) 598 EUR 2028 1.125 1,639 6 1,645 USD 2026 2027 variable 795 7 802 EUR 2025 2043 1.275 5.441 14,834 119 14,953 Other bonds 937 10 947 USD 2023 4.000 937 5 942 USD 2028 4.750 937 1 938 USD 2029 4.250 328 1 329 USD 2040 5.700 375 375 USD 2027 7.300 18 18 EUR 2031 variable 10 10 EUR 2026 7.000 3,542 17 3,559 18,376 136 18,512 |
Convertible Bonds | |
Disclosure of detailed information about borrowings [line items] | |
Schedule of finance debt | (€ million) Amount Discount on bond issue and accrued expense Total Currency Maturity Rate % Eni SpA 1,000 ) 998 EUR 2028 0.375 |
Information on net borrowings (
Information on net borrowings (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Information on net borrowings | |
Schedule of net borrowings | Management believes that net borrowings is a useful measure of Eni’s financial condition as it provides insight about the soundness of Eni’s capital structure and the ways by which Eni’s operating assets are financed. (€ million) December 31, 2022 December 31, 2021 A. Cash 3,351 2,758 B. Cash equivalents 6,804 5,496 C. Other current financial assets 9,736 10,553 D Liquidity (A+B+C) 19,891 18,807 E. Current financial debt 6,588 3,613 F. Current portion of non-current financial debt 1,839 1,415 G. Current financial indebtedness (E+F) 8,427 5,028 H. Net current financial indebtedness (G-D) (11,464 ) (13,779 ) I. Non-current financial debt 6,073 9,058 J. Debt instruments 17,368 19,045 K. Non‐current trade and other payables L. Non-current financial indebtedness (I+J+K) 23,441 28,103 M. Total financial indebtedness (H+L) 11,977 14,324 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other provisions [abstract] | |
Schedule of provisions for contingencies | (€ million) Provisions for site restoration, abandonment and social projects Environmental provisions Provisions for litigations Provisions for taxes other than income taxes Loss adjustments and actuarial provisions for Eni's insurance companies Provisions for losses on investments Provisions for Everen (ex OIL) insurance cover Other Total Carrying amount at December 31, 2021 9,621 2,206 452 211 295 195 93 520 13,593 New or increased provisions 381 1,923 552 54 115 37 4 320 3,386 Initial recognition and changes in estimates (80 ) (80 ) Accretion discount 218 (18 ) (1 ) 199 Reversal of utilized provisions (567 ) (364 ) (24 ) (8 ) (95 ) (160 ) (1,218 ) Reversal of unutilized provisions (5 ) (223 ) (51 ) (2 ) (21 ) (302 ) Currency translation differences 303 3 16 10 3 9 344 Changes in scope of consolidation (553 ) (66 ) 1 (618 ) Other changes 4 (24 ) 2 20 12 (46 ) ( 5 ) (37 ) Carrying amount at December 31, 2022 9,322 3,503 947 219 327 189 97 663 15,267 |
Provisions for employee benef_2
Provisions for employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions for employee benefits | |
Schedule of provision for employee benefits | (€ million) December 31, 2022 December 31, 2021 Italian defined benefit plans 177 227 Foreign defined benefit plans 142 129 FISDE, foreign medical plans and other 126 162 Defined benefit plans 445 518 Other benefit plans 341 301 Provision for employee benefits 786 819 |
Schedule of present value of employee benefits, estimated by applying actuarial techniques | Present value of employee benefits, estimated by applying actuarial techniques, consisted of the following: 2022 2021 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Defined benefit plans Other benefit plans Total Present value of benefit liabilities at beginning of year 227 761 162 1,150 301 1,451 258 1,140 182 1,580 268 1,848 Current service cost 1 11 3 15 52 67 1 16 3 20 49 69 Interest cost 2 24 2 28 1 29 1 24 1 26 26 Remeasurements: ) ) ) ) ) ) ) ) ) ) ) - actuarial (gains) losses due to changes in demographic assumptions 9 9 ) 7 ) ) ) ) ) ) - actuarial (gains) losses due to changes in financial assumptions ) ) ) ) ) ) ) ) 3 ) 2 ) - experience (gains) losses 8 17 2 27 ) 22 2 ) ) ) ) ) Past service cost and (gain) loss on settlements 127 127 107 107 Plan contributions: 1 1 1 1 1 1 - employee contributions 1 1 1 1 1 1 Benefits paid ) ) ) ) ) ) ) ) ) ) ) ) Currency translation differences and other changes 1 ) ) ) ) 3 ) ) ) ) ) Present value of benefit liabilities at end of year (a) 177 644 126 947 341 1,288 227 761 162 1,150 301 1,451 Plan assets at beginning of year 633 633 633 648 648 648 Interest income 18 18 18 12 12 12 Return on plan assets ) ) ) ) ) ) Past service cost and (gains) losses settlements ) ) ) Plan contributions: 14 14 14 15 15 15 - employee contributions 1 1 1 1 1 1 - employer contributions 13 13 13 14 14 14 Benefits paid ) ) ) ) ) ) Currency translation differences and other changes ) ) ) ) ) ) Plan assets at end of year (b) 503 503 503 633 633 633 Asset ceiling at beginning of year 1 1 1 1 1 1 Change in asset ceiling Asset ceiling at end of year (c) 1 1 1 1 1 1 Net liability recognized at end of year (a-b+c) 177 142 126 445 341 786 227 129 162 518 301 819 |
Schedule of costs charged to profit and loss account and other comprehensive income | Costs charged to the profit and loss account , valued using actuarial assumptions , consisted of the following: (€ million) Italian defined benefit plans Foreign defined benefit plans FISD E, foreign medical plans and other Defined benefit plans Other benefit plans Total 2022 Current service cost 1 11 3 15 52 67 Past service cost and (gains) losses on settlements 127 127 Interest cost (income), net: - interest cost on liabilities 2 24 2 28 1 29 - interest income on plan assets ) ) ) Total interest cost (income), net 2 6 2 10 1 11 - of which recognized in "Payroll and related cost" 1 1 - of which recognized in "Financial income (expense)" 2 6 2 10 10 Remeasurements for long-term plans (22 ) ) Administrative fees paid 1 1 1 Total 3 18 5 26 158 184 - of which recognized in "Payroll and related cost" 1 12 3 16 158 174 - of which recognized in "Financial income (expense)" 2 6 2 10 10 2021 Current service cost 1 16 3 20 49 69 Past service cost and (gains) losses on settlements 107 107 Interest cost (income), net: - interest cost on liabilities 1 24 1 26 26 - interest income on plan assets ) ) ) Total interest cost (income), net 1 12 1 14 14 - of which recognized in "Payroll and related cost" - of which recognized in "Financial income (expense)" 1 12 1 14 14 Remeasurements for long-term plans (11 ) ) Total 2 28 4 34 145 179 - of which recognized in "Payroll and related cost" 1 16 3 20 145 165 - of which recognized in "Financial income (expense)" 1 12 1 14 14 Costs of defined benefit plans recognized in other comprehensive income consisted of the following: 2022 2021 (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Total Actuarial (gains)/losses due to changes in demographic assumptions 9 9 ) ) ) ) Actuarial (gains)/losses due to changes in financial assumptions ) ) ) ) ) ) 3 ) Experience (gains) losses 8 17 2 27 2 ) ) ) Return on plan assets 117 117 5 5 Remeasurements ) ) ) ) ) ) ) |
Schedule of plan assets | Plan assets consisted of the following: (€ million) Cash and cash equivalents Equity securities Debt securities Real estate Derivatives Investment funds Assets held by insurance company Other Total December 31, 2022 Plan assets with a quoted market price 23 25 260 11 4 4 26 146 499 Plan assets without a quoted market price 4 4 23 25 260 11 4 4 30 146 503 December 31, 2021 Plan assets with a quoted market price 95 43 299 8 3 1 23 157 629 Plan assets without a quoted market price 4 4 95 43 299 8 3 1 27 157 633 |
Schedule of actuarial assumptions used in measurement of defined benefit liabilities and estimated cost | The main actuarial assumptions used in the measurement of the liabilities at year-end and in the estimate of costs expected for 20 2 3 consisted of the following: Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Other benefit plans 2022 Discount rate (%) 3.7 2.2-15.4 3.7 3.4-3.7 Rate of compensation increase (%) 3.4 1.9-12.5 Rate of price inflation (%) 2.4 1.2-11.5 2.4 2.4 Life expectations on retirement at age 65 (years) 13-24 24 2021 Discount rate (%) 1.0 0.3-15.3 1.0 0.0-1.0 Rate of compensation increase (%) 2.8 1.5-12.5 Rate of price inflation (%) 1.8 0.7-13.3 1.8 1.8 Life expectations on retirement at age 65 (years) 13-25 24 |
Schedule of analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans | The following is an analysis by geographical area related to the main actuarial assumptions used in the valuation of the principal foreign defined benefit plans: Euro area Rest of Europe Africa Other areas Foreign defined benefit plans 2022 Discount rate (%) 3.5-3.8 2.2-4.8 3.8-15.4 7.0 2.2-15.4 Rate of compensation increase (%) 1.9-3.0 3.0-4.0 1.9-12.5 5.0 1.9-12.5 Rate of price inflation (%) 1.9-2.2 1.2-3.5 3.0-11.5 3.0 1.2-11.5 Life expectations on retirement at age 65 (years) 21-22 23-24 13-17 13-24 2021 Discount rate (%) 0.9-1.2 0.3-1.9 3.0-15.3 6.7 0.3-15.3 Rate of compensation increase (%) 1.5-3.0 2.5-4.0 1.9-12.5 5.0 1.5-12.5 Rate of price inflation (%) 1.5-1.9 0.7-3.5 3.0-13.3 3.0 0.7-13.3 Life expectations on retirement at age 65 (years) 21-23 23-25 13-15 13-25 |
Schedule of effect of possible changes in actuarial assumptions | The effects of a possible change in the main actuarial assumptions at the end of the year are listed below: Discount rate Rate of price inflation Rate of increases in pensionable salaries Healthcare cost trend rate Rate of increases to pensions in payment (€ million) 0.5% Increase 0.5% Decrease 0.5% Increase 0.5% Increase 0.5% Increase 0.5% Increase December 31, 2022 Italian defined benefit plans (6 ) 7 4 Foreign defined benefit plans (33 ) 34 19 10 13 FISDE, foreign medical plans and other (6 ) 7 6 Other benefit plans (3 ) 3 1 December 31, 2021 Italian defined benefit plans (9 ) 9 6 Foreign defined benefit plans (49 ) 55 34 11 28 FISDE, foreign medical plans and other (10 ) 11 10 Other benefit plans (4 ) 1 1 |
Schedule of analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration | The following is an analysis by maturity date of the liabilities for employee benefit plans and their relative weighted average duration: (€ million) Italian defined benefit plans Foreign defined benefit plans FISDE, foreign medical plans and other Other benefit plans December 31, 2022 2023 14 29 7 94 2024 13 28 7 95 2025 14 26 7 85 2026 17 35 7 30 2027 15 31 7 16 2028 104 (7 ) 91 21 Weighted average duration (years) 7.5 13.2 11.5 2.5 December 31, 2021 2022 16 23 9 83 2023 16 24 7 80 2024 18 29 7 69 2025 20 24 7 25 2026 20 25 7 11 2027 and thereafter 137 4 125 33 Weighted average duration (years) 9.8 17.6 13.6 3.1 |
Deferred tax assets and liabi_2
Deferred tax assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deferred tax assets and liabilities | |
Schedule of deferred tax assets and liabilities | (€ million) December 31, 2022 December 31, 2021 Deferred tax liabilities before offsetting 9,315 10,668 Deferred tax assets available for offset (4,221 ) (5,833 ) Deferred tax liabilities 5,094 4,835 Deferred tax assets before offsetting (net of accumulated write-down provisions) 8,790 8,546 Deferred tax liabilities available for offset (4,221 ) (5,833 ) Deferred tax assets 4,569 2,713 |
Schedule of significant temporary differences to net deferred tax liabilities | The most significant temporary differences giving rise to net deferred tax assets and liabilities are disclosed below: (€ million) Carrying amount at December 31, 2022 Carrying amount at December 31, 2021 Deferred tax liabilities Accelerated tax depreciation 6,707 7,346 Derivative financial instruments 788 916 Difference between the fair value and the carrying amount of assets acquired 288 408 Site restoration and abandonment (tangible assets) 276 166 Leasing 162 1,076 Application of the weighted average cost method in evaluation of inventories 52 87 Other 1,042 669 9,315 10,668 Deferred tax assets, gross Carry-forward tax losses (6,752 ) (7,374 ) Site restoration and abandonment (provisions for contingencies) (1,986 ) (2,400 ) Timing differences on depreciation and amortization (1,710 ) (2,354 ) Impairment losses (1,490 ) (1,095 ) Accruals for impairment losses and provisions for contingencies (1,246 ) (1,417 ) Leasing (182 ) (1,091 ) Employee benefits (161 ) (155 ) Unrealized intercompany profits (68 ) (71 ) Derivative financial instruments (60 ) (343 ) Over/Under lifting (59 ) (219 ) Other (1,246 ) (631 ) (14,960 ) (17,150 ) Accumulated write-downs of deferred tax assets 6,170 8,604 Deferred tax assets, net (8,790 ) (8,546 ) |
Schedule of changes in deferred tax liabilities and assets | The following table summarizes the changes in deferred tax liabilities and assets: (€ million) Deferred tax liabilities before offsetting Deferred tax assets before offsetting, gross Accumulated write-downs of deferred tax assets Deferred tax assets before offsetting net of accumulated write-down provisions Carrying amount at December 31, 2021 10,668 (17,150 ) 8,604 (8,546 ) Additions 1,176 (2,215 ) 464 (1,751 ) Deductions (1,351 ) 2,532 (2,409 ) 123 Changes with effect to OCI 382 (147 ) (147 ) Currency translation differences 611 (610 ) 165 (445 ) Changes in the scope of consolidation (1,951 ) 2,279 (549 ) 1,730 Other changes (220 ) 351 (105 ) 246 Carrying amount at December 31, 2022 9,315 (14,960 ) 6,170 (8,790 ) Carrying amount at December 31, 2020 8,581 (16,231 ) 9,065 (7,166 ) Additions 1,977 (1,783 ) 270 (1,513 ) Deductions (765 ) 1,804 (863 ) 941 Currency translation differences 683 (682 ) 186 (496 ) Other changes 192 (258 ) (54 ) (312 ) Carrying amount at December 31, 2021 10,668 (17,150 ) 8,604 (8,546 ) |
Derivative financial instrume_2
Derivative financial instruments and hedge accounting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Derivative financial instruments and hedge accounting | |
Schedule of derivative financial instruments | December 31, 2022 December 31, 2021 (€ million) Fair value asset Fair value liability Level of Fair value Fair value asset Fair value liability Level of Fair value Non-hedging derivatives Derivatives on exchange rate 110 132 2 113 39 2 1 144 2 30 7 2 3 12 2 3 11 2 114 288 146 57 Derivatives on interest rate 137 58 2 13 43 2 137 58 13 43 Derivatives on commodities - Over the counter 9,571 8,663 2 12,152 12,060 2 6,886 5,764 1 7,158 5,498 1 2 1 80 2 1 55 2 16,457 14,509 19,311 17,613 16,708 14,855 19,470 17,713 Cash flow hedge derivatives Derivatives on commodities 7 735 2 339 192 1 193 1,672 1 339 192 200 2,407 Derivatives on interest rate 21 2 3 2 21 3 360 192 200 2,410 Options - Other options 144 3 62 3 144 62 Gross amount 17,068 15,191 19,670 20,185 Offsetting (5,863 ) (5,863 ) (7,159 ) (7,159 ) Net amount 11,205 9,328 12,511 13,026 Of which: 11,076 9,042 12,460 12,911 129 286 51 115 |
Schedule of hedging derivative instruments | Hedging derivative instruments are disclosed below: December 31, 2022 December 31, 2021 (€ million) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Nominal amount of the hedging instrument Change in fair value (effective hedge) Change in fair value (ineffective hedge) Cash flow hedge derivatives Derivatives on commodity 83 (4 ) (461 ) (2,016 ) (46 ) 1,350 (3,912 ) 275 (364 ) 534 (5 ) - Other 9 1,433 (3,907 ) 275 (825 ) (1,482 ) (51 ) Derivatives on interest rate 127 24 84 3 127 24 84 3 1,560 (3,883 ) 275 (741 ) (1,479 ) (51 ) |
Schedule of breakdown of underlying asset or liability under cash flow hedge | The breakdown of the underlying asset or liability by type of risk hedged under cash flow hedge is provided below: December 31, 2022 December 31, 2021 (€ million) Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Change of the underlying asset used for the calculation of hedging ineffectiveness CFH reserve Reclassification adjustments Cash flow hedge derivatives Commodity price risk 4,059 (499 ) (4,666 ) 86 (1,272 ) (215 ) 4,059 (499 ) (4,666 ) 86 (1,272 ) (215 ) Derivatives on interest rate (15 ) 16 (11 ) (3 ) 3 (15 ) 16 (11 ) (3 ) 3 4,044 (483 ) (4,677 ) 83 (1,269 ) (215 ) |
Schedule of effects recognized in other operating profit (loss) | Other operating profit (loss) related to derivative financial instruments on commodity was as follows: (€ million) 2022 2021 2020 Net income (loss) on cash flow hedging derivatives 275 ) ) Net income (loss) on other derivatives ) 954 ) ) 903 ) |
Schedule of effects recognized in finance income (loss) | (€ million) 2022 2021 2020 Derivatives on exchange rate ) ) 391 Derivatives on interest rate 81 16 ) Options 2 13 ) 351 |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity | |
Schedule of non-controlling interest | Non -controlling interest Net Profit Equity (€ million) 2022 2021 December 31, 2022 December 31, 2021 EniPower Group 54 7 373 30 Others 20 12 98 52 74 19 471 82 |
Schedule of equity attributable to equity holders of Eni | (€ million) December 31, 2022 December 31, 2021 Share capital 4,005 4,005 Retained earnings 23,455 22,750 Cumulative currency translation differences 7,564 6,530 Other reserves and equity instruments: - Perpetual subordinated bonds 5,000 5,000 - Legal reserve 959 959 - Reserve for treasury shares 2,937 958 - Reserve for OCI on cash flow hedging derivatives net of tax effect (342 ) (896 ) - Reserve for OCI on defined benefit plans net of tax effect (58 ) (117 ) - Reserve for OCI on equity-accounted investments 46 54 - Reserve for OCI on other investments valued at fair value 53 141 - Other reserves 190 190 Treasury shares (2,937 ) (958 ) Profit for the year 13,887 5,821 54,759 44,437 |
Schedule of other comprehensive income reserves | Reserve for OCI on cash flow hedge derivatives Reserve for OCI on defined benefit plans Reserve for OCI on equity-accounted investments(*) Reserve for OCI on investments valued at fair value (€ million) Gross reserve Deferred tax liabilities Net reserve Gross reserve Deferred tax liabilities Net reserve Reserve as of December 31, 2021 (1,269 ) 373 (896 ) (84 ) (33 ) (117 ) 54 141 Changes of the year (3,883 ) 1,133 (2,750 ) 60 (5 ) 55 92 56 Currency translation differences 1 1 Reversal to inventories adjustments (8 ) 2 (6 ) Reclassification to retained earnings (144 ) Changes in scope of consolidation 3 3 1 Reclassification adjustments 4,677 (1,367 ) 3,310 (101 ) Reserve as of December 31, 2022 (483) 141 (342 ) (20 ) (38 ) (58 ) 46 53 Reserve as of December 31, 2020 (7 ) 2 (5 ) (205 ) 47 (158 ) 85 36 Changes of the year (1,479 ) 434 (1,045 ) 119 (77 ) 42 (32 ) 105 Currency translation differences 2 (3 ) (1 ) 1 Reversal to inventories adjustments 2 (1 ) 1 Reclassification adjustments 215 (62 ) 153 Reserve as of December 31, 2021 (1,269 ) 373 (896 ) (84 ) (33 ) (117 ) 54 141 |
Schedule of reconciliation of net profit and equity attributable to Eni of the parent company Eni SpA to consolidated net profit and equity attributable to Eni | Profit Shareholders’ equity (€ million) 2022 2021 December 31, 2022 December 31, 2021 As recorded in Eni SpA's Financial Statements 5,403 7,675 52,520 51,039 Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company 7,375 (3,324 ) (1,302 ) (9,910 ) Consolidation adjustments: - difference between purchase cost and underlying carrying amounts of net equity 153 153 - adjustments to comply with Group accounting policies 797 1,855 4,468 4,266 - elimination of unrealized intercompany profits 124 (176 ) (533 ) (654 ) - deferred taxation 262 (190 ) (76 ) (375 ) 13,961 5,840 55,230 44,519 Non-controlling interest (74 ) (19 ) (471 ) (82 ) As recorded in Consolidated Financial Statements 13,887 5,821 54,759 44,437 |
Other information (Tables)
Other information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other information | |
Schedule of other information | (€ million) 2022 2021 2020 Investment in consolidated subsidiaries and businesses Current assets 147 262 15 Non-current assets 2,463 2,698 193 Net borrowings (541 ) (486 ) (64 ) Current and non-current liabilities (366 ) (349 ) (17 ) Net effect of investments 1,703 2,125 127 Fair value of investments held before the acquisition of control (21 ) (99 ) Non-controlling interests (15 ) (4 ) (15 ) Purchase price 1,667 2,022 112 Cash and cash equivalents acquired (31 ) (121 ) (3 ) Consolidated subsidiaries and businesses net of cash and cash equivalent acquired 1,636 1,901 109 Disposal of consolidated subsidiaries and businesses Current assets 1,377 2 Non-current assets 8,618 Net borrowings (2,085 ) Current and non-current liabilities (2,351 ) Net effect of disposals 5,559 2 Current value of the stake held for business combinations (5,726 ) Reclassification among other items of OCI (918 ) Gain on disposal of business combinations 2,704 Credits for divestments (1,609 ) Selling price 10 2 Cash and cash equivalents sold (70 ) Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of (60 ) 2 Business combination Unión Fenosa Gas Investment in Unión Fenosa Gas sold 232 Investments and businesses acquired Current assets 370 Non-current assets 378 Net borrowings (128 ) Long-term and short-term liabilities (420 ) Total investments and businesses acquired 200 Total net disposals 32 Cash and cash equivalents acquired 42 Business combination Unión Fenosa Gas net of cash and cash equivalent acquired 74 Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of (60 ) 76 |
Schedule of purchase price allocation of net assets acquired in business combination | The provisional and definitive price allocation of the net assets acquired in 2021 is shown below: (€ million) FRI‐EL Biogas Holding (now EniBioCh4in SpA) Provisional allocation FRI‐EL Biogas Holding (now EniBioCh4in SpA) Definitive allocation Portfolio of thirteen on-shore wind facilities Provisional allocation Portfolio of thirteen on-shore wind facilities Definitive allocation Dhamma Energy Group Provisional allocation Dhamma Energy Group Definitive allocation Portfolio of nine renewable energy projects Provisional allocation Portfolio of nine renewable energy projects Definitive allocation Be Power Provisional allocation Be Power Definitive allocation Current assets 23 23 32 31 2 3 7 7 22 22 Property, plant and equipement 38 144 423 209 119 94 57 21 29 29 Goodwill 80 9 302 307 120 124 81 79 728 718 Current and non current assets 15 15 43 252 15 33 25 68 10 22 Cash and cash equivalent (Net borrowings) (14 ) (14 ) (215 ) (214 ) (101 ) (97 ) (32 ) (38 ) 9 10 Current and non current liabilities (9 ) (44 ) (100 ) (100 ) (12 ) (11 ) (20 ) (21 ) (34 ) (37 ) Net effects of investments 133 133 485 485 143 146 118 116 764 764 Non-controlling interests (1 ) (1 ) (3 ) (3 ) Total purchase price 132 132 485 485 140 143 118 116 764 764 |
Guarantees, commitments and r_2
Guarantees, commitments and risks (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Guarantees, commitments and risks | |
Schedule of guarantees | (€ million) December 31, 2022 December 31, 2021 Consolidated subsidiaries 7,082 6,432 Unconsolidated subsidiaries 202 190 Joint ventures and associates 9,802 3,358 Others 477 180 17,563 10,160 |
Schedule of commitments and risks | (€ million) December 31, 2022 December 31, 2021 Commitments 77,481 75,201 Risks 1,228 934 78,709 76,135 |
Schedule of expected payments for finance debts and lease liabilities | The table below summarizes the Group main contractual obligations for finance debt and lease liability repayments, including expected payments for interest charges and liabilities for derivative financial instruments. Maturity year (€ million) 2023 2024 2025 2026 2027 2028 and thereafter Total December 31, 2022 Non-current financial liabilities (including the current portion) 2,883 2,339 2,640 3,298 1,927 9,246 22,333 Current financial liabilities 4,446 4,446 Lease liabilities 851 584 445 365 347 2,312 4,904 Fair value of derivative instruments 9,042 1 51 54 180 9,328 17,222 2,924 3,136 3,717 2,274 11,738 41,011 Interest on finance debt 590 494 459 365 284 716 2,908 Interest on lease liabilities 235 209 184 165 147 685 1,625 825 703 643 530 431 1,401 4,533 Financial guarantees 1,668 1,668 Maturity year (€ million) 2022 2023 2024 2025 2026 2027 and thereafter Total December 31, 2021 Non-current financial liabilities (including the current portion) 1,903 4,339 2,272 2,616 3,910 10,668 25,708 Current financial liabilities 2,299 2,299 Lease liabilities 920 688 565 508 481 2,147 5,309 Fair value of derivative instruments 12,911 3 61 23 28 13,026 18,033 5,030 2,898 3,124 4,414 12,843 46,342 Interest on finance debt 475 462 386 359 286 905 2,873 Interest on lease liabilities 282 247 214 184 155 681 1,763 757 709 600 543 441 1,586 4,636 Financial guarantees 1,599 1,599 |
Schedule of trade and other payables by maturity | The table below presents the timing of the expenditures for trade and other payables. Maturity year (€ million) 2023 2024 - 2027 2028 and thereafter Total December 31, 2022 Trade payables 19,527 19,527 Other payables and advances 6,182 77 110 6,369 25,709 77 110 25,896 Maturity year (€ million) 2022 2023 - 2026 2027 and thereafter Total December 31, 2021 Trade payables 16,795 16,795 Other payables and advances 4,925 112 109 5,146 21,720 112 109 21,941 |
Schedule of principal contractual obligations | Maturity year (€ million) 2023 2024 2025 2026 2027 2028 and thereafter Total Decommissioning liabilities (a) 685 440 376 376 485 11,622 13,984 Environmental liabilities 591 507 408 317 306 1,388 3,517 Purchase obligations (b) 44,715 39,516 25,737 18,980 14,056 64,976 207,980 - . take - - 40,628 38,547 25,250 18,717 13,926 64,698 201,766 . ship - - 915 506 419 250 121 249 2,460 - 3,172 463 68 13 9 29 3,754 Other obligations 1 1 - 1 1 Total 45,992 40,463 26,521 19,673 14,847 77,986 225,482 (a) Represents the estimated future costs for the decommissioning of oil and natural gas production facilities at the end of the producing lives of fields, well-plugging, abandonment and site restoration. (b) Represents any agreement to purchase goods or services that is enforceable and legally binding and that specifies all significant terms. |
Schedule of committed projects | The amounts shown in the table below include committed expenditures to execute certain environmental projects. Maturity year (€ million) 2023 2024 2025 2026 2027 and thereafter Total Committed projects |
Schedule of carrying amount of financial instruments and relevant economic and equity effect | Other information about financial instruments 2022 2021 Carrying amount Income (expense) recognized in Carrying amount Income (expense) recognized in (€ million) Profit and loss account OCI Profit and loss account OCI Financial instruments at fair value with effects recognized in profit and loss account Financial assets at fair value through profit or loss (a) 8,251 (55 ) 6,301 11 Non-hedging and trading derivatives (b) 2,006 (1,723 ) (611 ) 597 Other investments valued at fair value (c) 1,202 351 56 1,294 230 105 Receivables and payables and other assets/liabilities valued at amortized cost Trade receivables and other (d) 21,396 31 19,124 (226 ) Financing receivables (e) 3,415 (16 ) 6,140 39 Securities (a) 56 53 Trade payables and other (a) 25,897 53 21,941 (80 ) Financing payables (f) 26,917 (692 ) 27,794 (250 ) Net assets (liabilities) for hedging derivatives (g) (129 ) (4,677 ) 794 96 (215 ) (1,264 ) (a) Income or expense were recognized in the profit and loss account within "Finance income (expense)". (b) In the profit and loss account, economic effects were recognized as loss within "Other operating income (loss)" for €1,736 million (income for €903 million in 2021) and as income within "Finance income (expense)" for €13 million (expense for €306 million in 2021). (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 reversals within "Net (impairments) reversals of trade and other receivables" for €47 million (net impairments for €279 million in 2021) and as expense within "Finance income (expense)" for €16 million (income for €53 million in 2021), including interest income calculated on the basis of the effective interest rate of €15 million (interest income for €18 million in 2021). (e) In the profit and loss account, income or expense were recognized as income within "Finance income (expense)", including interest income calculated on the basis of the effective interest rate of € 86 53 2021 111 25 2021 (f) In the profit and loss account, income or expense were recognized as expense within "Finance income (expense)", including interest expense calculated on the basis of the effective interest rate of €568 million (€487 million in 2021). (g) In the profit and loss account, income or expense were recognized within "Sales from operations" and "Purchase, services and other". |
Schedule of disclosures about offsetting of financial instruments | Disclosures about the offsetting of financial instruments (€ million) Gross amount of financial assets and liabilities Gross amount of financial assets and liabilities subject to offsetting Net amount of financial assets and liabilities December 31, 2022 Financial assets Trade and other receivables 23,546 2,706 20,840 Other current assets 18,684 5,863 12,821 Other non-current assets 2,236 2,236 Financial liabilities Trade and other liabilities 28,415 2,706 25,709 Other current liabilities 18,336 5,863 12,473 Other non-current liabilities 3,234 3,234 December 31, 2021 Financial assets Trade and other receivables 20,461 1,611 18,850 Other current assets 20,791 7,157 13,634 Other non-current assets 1,031 2 1,029 Financial liabilities Trade and other liabilities 23,331 1,611 21,720 Other current liabilities 22,913 7,157 15,756 Other non-current liabilities 2,248 2 2,246 |
Interest rate risk and currency risk | |
Guarantees, commitments and risks | |
Schedule of market risk | The following tables show amounts in terms of VaR, recorded in 2022 (compared with 2021), relating to interest rate and exchange rate risks in the first section and commodity risk (aggregated by type of exposure). Regarding the management of strategic liquidity, the table reports the sensitivity to changes in interest rate. (Value at Risk - parametric method variance/covariance; holding period: days; confidence level: %) 2022 2021 (€ million) High Low Average At year end High Low Average At year end Interest rate (a) 9.05 2.61 5.19 3.22 11.04 1.29 3.32 3.66 Exchange rate (a) 0.95 0.09 0.29 0.34 0.28 0.11 0.18 0.12 (a) Value at risk deriving from interest and exchange rates exposures include the following finance departments: Eni Corporate Finance Department, Eni Finance International SA and Banque Eni SA. |
Commodity price risk | |
Guarantees, commitments and risks | |
Schedule of market risk | (Value at Risk - Historic simulation method; holding period: 1 day; confidence level: 95 %) 2022 2021 (€ million) High Low Average At year end High Low Average At year end Commercial exposures - Management Portfolio (a) 800.39 30.65 261.41 30.65 42.76 2.91 23.80 2.91 Trading (b) 1.63 0.01 0.36 0.04 1.03 0.12 0.37 0.20 (a) Refers to Global Gas & LNG Portfolio business area, Power Generation & Marketing, Green\Traditional Refining & Marketing, Plenitude, Eni Trading & , Global Energy Markets (commercial portfolio). is calculated on the so-called Statutory view, with a time horizon that coincides with the year considering all the volumes delivered in the year and the relevant financial hedging derivatives. Consequently, during the year the pertaining to GGP, Power G&M, GTR&M and Plenitude during the year presents a decreasing trend following the progressive reaching of the maturity of the positions within the annual horizon. (b) Cross-commodity proprietary trading, through financial instruments, refers to Eni Trading & and Global Energy Markets (London- -Singapore) and Trading & Shipping (Houston). |
Strategic liquidity risk | |
Guarantees, commitments and risks | |
Schedule of market risk | (Sensitivity - Dollar Value of 1 basis point - DVBP) 2022 2021 (€ million) High Low Average At year end High Low Average At year end Strategic liquidity - € Portfolio (a) 0.30 0.16 0.23 0.16 0.40 0.29 0.33 0.30 (a) Management of strategic liquidity portfolio starting from July 2013. (Sensitivity - Dollar value of 1 basis point - DVBP) 2022 2021 ($ million) High Low Average At year end High Low Average At year end Strategic liquidity - US dollar Portfolio (b) 0.13 0.04 0.08 0.04 0.14 0.05 0.11 0.13 (a) Management of strategic liquidity portfolio in US dollar currency starting from August 2017. |
Revenues and other income (Tabl
Revenues and other income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Revenues and other income | |
Schedule of information about sales from operations | S ales from operations (€ million) Exploration & Production Global Gas & LNG Portfolio Refining & Marketing and Chemical Plenitude & Power Corporate and Total 2022 Sales from operations 12,896 41,230 58,470 19,726 190 132,512 Products sales and service revenues Sales of crude oil 5,438 20,839 26,277 Sales of oil products 1,070 29,700 30,770 Sales of natural gas and LNG 6,108 40,840 65 5,571 52,584 Sales of petrochemical products 6,241 3 6,244 Sales of 12,448 12,448 Sales of other products 68 411 223 2 704 Services 212 390 1,214 1,484 185 3,485 Products sales and service revenues 12,896 41,230 58,470 19,726 190 132,512 Transfer of goods/services Goods/Services transferred in a specific moment 12,592 41,047 58,145 19,599 58 131,441 Goods/Services transferred over a period of time 304 183 325 127 132 1,071 2021 Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Products sales and service revenues Sales of crude oil 3,573 14,710 18,283 Sales of oil products 885 18,739 19,624 Sales of natural gas and LNG 4,122 16,608 34 3,245 24,009 Sales of petrochemical products 5,652 7 5,659 Sales of power 5,104 5,104 Sales of other products 40 6 132 212 1 391 Services 226 359 784 1,956 180 3,505 8,846 16,973 40,051 10,517 188 76,575 Transfer of goods/services Goods/Services transferred in a specific moment 8,506 16,823 39,836 10,517 72 75,754 Goods/Services transferred over a period of time 340 150 215 116 821 2020 Sales from operations 6,359 5,362 24,937 7,135 194 43,987 Products sales and service revenues Sales of crude oil 1,969 9,024 10,993 Sales of oil products 517 11,852 12,369 Sales of natural gas and LNG 3,505 5,000 20 2,741 11,266 Sales of petrochemical products 3,277 19 3,296 Sales of power 2,345 2,345 Sales of other products 113 (2 ) 36 21 2 170 Services 255 364 728 2,028 173 3,548 6,359 5,362 24,937 7,135 194 43,987 Transfer of goods/services Goods/Services transferred in a specific moment 5,896 5,239 24,639 7,135 78 42,987 Goods/Services transferred over a period of time 463 123 298 116 1,000 |
Schedule of revenue associated with liabilities and performance obligations | (€ million) 2022 2021 2020 Revenues associated with contract liabilities at the beginning of the period 157 658 818 Revenues associated with performance obligations totally or partially satisfied in previous years 1 30 |
Schedule of information about other income and revenues | Other income and revenues (€ million) 2022 2021 2020 Gains from sale of assets and businesses 48 107 10 Other proceeds 1,127 1,089 950 1,175 1,196 960 |
Costs (Tables)
Costs (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Costs | |
Schedule of information about purchase, services and other charges | (€ million) 2022 2021 2020 Production costs - raw, ancillary and consumable materials and goods 85,139 41,174 21,432 Production costs - services 10,303 10,646 9,710 Lease expense and other 2,301 1,233 876 Net provisions for contingencies 2,985 707 349 Other expenses 2,069 1,983 1,317 102,797 55,743 33,684 less: - capitalized direct costs associated with self-constructed assets - tangible assets ) ) ) - capitalized direct costs associated with self-constructed assets - intangible assets ) ) ) 102,529 55,549 33,551 |
Schedule of information about payroll and related costs | (€ million) 2022 2021 2020 Wages and salaries 2,311 2,182 2,193 Social security contributions 465 455 458 Cost related to employee benefit plans 174 165 102 Other costs 194 204 239 3,144 3,006 2,992 less: - capitalized direct costs associated with self-constructed assets - tangible assets ) ) ) - capitalized direct costs associated with self-constructed assets - intangible assets ) ) ) 3,015 2,888 2,863 |
Schedule of information about average number of employees | 2022 2021 2020 (number) Subsidiaries Joint operations Subsidiaries Joint operations Subsidiaries Joint operations Senior managers 957 19 966 18 993 17 Junior managers 9,084 80 9,143 78 9,280 73 Employees 15,517 420 15,747 380 15,995 349 Workers 6,074 288 5,476 284 4,780 287 31,632 807 31,332 760 31,048 726 |
Schedule of information about compensation of key management personnel | (€ million) 2022 2021 2020 Wages and salaries 37 29 30 Post-employment benefits 3 3 2 Other long-term benefits 17 15 12 Indemnities upon termination of employment 9 21 66 47 65 |
Finance income (expense) (Table
Finance income (expense) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Finance income (expense) | |
Schedule of finance income (expense) | (€ million) 2022 2021 2020 Finance income 8,450 3,723 3,531 Finance expense ) ) ) Net finance income (expense) from financial assets at fair value through profit or loss ) 11 31 Income (expense) from derivative financial instruments 13 ) 351 Finance income (expense) ) ) ) |
Schedule of analysis of finance income (expense) | The analysis of finance income (expense) was as follows: (€ million) 2022 2021 2020 Finance income (expense) related to net borrowings Interest and other finance expense on ordinary bonds ) ) ) Net finance income (expense) on financial assets held for trading ) 11 31 Net expenses on other financial assets valued at fair value with effects on profit and loss 2 ) Interest and other expense due to banks and other financial institutions ) ) ) Interest on lease liabilities ) ) ) Interest from banks 57 4 10 Interest and other income on financial receivables and securities held for non-operating purposes 9 9 12 ) ) ) Exchange differences 238 476 ) Income (expense) from derivative financial instruments 13 ) 351 Other finance income (expense) Interest and other income on financing receivables and securities held for operating purposes 128 67 97 Capitalized finance expense 38 68 73 Finance expense due to the passage of time (accretion discount) (a) ) ) ) Other finance income (expense) ) ) ) ) ) ) ) ) ) (a) The item related to the increase in provisions for contingencies that are show n at present value in non-current liabilities. |
Income (expense) from investm_2
Income (expense) from investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income (expense) from investments | |
Schedule of other gain (loss) from investments | Other gain (loss) from investments (€ million) 2022 2021 2020 Dividends 351 230 150 Net gain (loss) on disposals 483 1 Other net income (expense) 2,789 (8 ) (75 ) 3,623 223 75 |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income taxes | |
Schedule of information about income taxes | (€ million) 2022 2021 2020 Current taxes: - Italian subsidiaries 1,920 439 199 - subsidiaries of the Exploration & Production segment - outside Italy 7,027 3,609 1,517 - other subsidiaries - outside Italy 944 157 84 9,891 4,205 1,800 Net deferred taxes: - Italian subsidiaries ) ) 672 - subsidiaries of the Exploration & Production segment - outside Italy 713 552 73 - other subsidiaries - outside Italy ) 133 105 ) 640 850 8,088 4,845 2,650 |
Schedule of detailed information about the reconciliation between the statutory tax charge and the effective tax charge | The reconciliation between the statutory tax charge calculated by applying the Italian statutory tax rate of 24% (same amount in 2021 and 2020) and the effective tax charge is the following: (€ million) 2022 2021 2020 Profit (loss) before taxation 22,049 10,685 ) Tax rate (IRES) (%) 24.0 24.0 24.0 Statutory corporation tax charge (credit) on profit or loss 5,292 2,564 ) Increase (decrease) resulting from: - higher tax charges related to subsidiaries outside Italy 3,388 2,301 1,980 - extraordinary contributions for Italian companies in energy sector 1,971 - impact pursuant to foreign tax effects of italian entities 66 108 108 - effect of the valuation of the investments under the equity method 50 180 97 - effect due to the tax regime provided for intercompany dividends 11 54 96 - Italian regional income tax (IRAP) ) 140 107 - tax effects related to previous years ) 52 ) - effect of (241 ) - impact pursuant to (reversal) impairment of deferred tax assets ) ) 1,785 - other adjustments ) 112 ) 2,796 2,281 4,085 Effective tax charge 8,088 4,845 2,650 |
Earnings (loss) per share (Tabl
Earnings (loss) per share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings (loss) per share | |
Schedule of information about reconciliation of the weighted average number of shares | Reconciliation of the weighted average number of shares used for the calculation for both basic and diluted earnings (loss) per share was as follows: 2022 2021 2020 Weighted average number of shares used for basic earnings (loss) per share 3,483,633,816 3,565,973,883 3,572,549,651 Potential shares to be issued for ILT incentive plan 6,319,989 7,598,593 Weighted average number of shares used for diluted earnings (loss) per share 3,489,953,805 3,573,572,476 3,572,549,651 Eni’s profit (loss) (€ million) 13,887 5,821 (8,635 ) Remunaration of subordinated perpetual bonds net of tax effect (€ million) (109 ) (95 ) Eni’s profit (loss) for basic and diluted earnings (loss) per share (€ million) 13,778 5,726 (8,635 ) Basic earnings (loss) per share (€ per share) 3.96 1.61 (2.42 ) Diluted earnings (loss) per share (€ per share) 3.95 1.60 (2.42 ) |
Segment information and infor_2
Segment information and information by geographical area (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment information and information by geographical area | |
Schedule of information by segment | (€ million) Exploration & Production Global Gas & LNG Portfolio Refining & Marketing and Chemicals Plenitude & Power Corporate and Other activities Adjustments of intragroup profits Total 2022 Sales from operations including intersegment sales 31,200 48,586 59,178 20,883 1,879 Less: intersegment sales (18,304 ) (7,356 ) (708 ) (1,157 ) (1,689 ) Sales from operations 12,896 41,230 58,470 19,726 190 132,512 Operating profit 15,908 3,730 460 (825 ) (1,901 ) 138 17,510 Net provisions for contingencies (147 ) (393 ) (1,110 ) (14 ) (1,340 ) 19 (2,985 ) Depreciation and amortization (6,018 ) (217 ) (506 ) (358 ) (139 ) 33 (7,205 ) Impairments of tangible and intangible assets and right-of-use assets (613 ) (6 ) (752 ) (125 ) (71 ) (1,567 ) Reversals of tangible and intangible assets and right-of-use assets 181 18 35 162 31 427 Write-off of tangible and intangible assets and right-of-use assets (596 ) (1 ) (2 ) (599 ) Share of profit (loss) of equity-accounted investments 1,526 4 446 (20 ) (115 ) 1,841 Identifiable assets (a) 60,473 12,282 14,925 11,987 1,491 (472 ) 100,686 Unallocated assets (b) 51,444 Equity-accounted investments 7,314 1 3,084 663 1,030 12,092 Identifiable liabilities (a) 17,385 12,572 9,011 4,787 4,416 (68) 48,103 Unallocated liabilities (b) 48,797 Capital expenditure in tangible and intangible assets 6,362 23 878 631 166 (4) 8,056 2021 Sales from operations including intersegment sales 21,742 20,843 40,374 11,187 1,698 Less: intersegment sales (12,896 ) (3,870 ) (323 ) (670 ) (1,510 ) Sales from operations 8,846 16,973 40,051 10,517 188 76,575 Operating profit 10,066 899 45 2,355 (816 ) (208 ) 12,341 Net provisions for contingencies (221 ) (139 ) (137 ) (1 ) (186 ) (23 ) (707 ) Depreciation and amortization (5,976 ) (174 ) (512 ) (286 ) (148 ) 33 (7,063 ) Impairments of tangible and intangible assets and right-of-use assets (194 ) (28 ) (1,342 ) (132 ) (27 ) (1,723 ) Reversals of tangible and intangible assets 1,438 2 112 4 1,556 Write-off of tangible and intangible assets (384 ) (2 ) (1 ) (387 ) Share of profit (loss) of equity-accounted investments 8 (333 ) (766 ) (1,091 ) Identifiable assets (a) 61,753 10,022 13,326 8,343 1,439 (591 ) 94,292 Unallocated assets (b) 43,473 Equity-accounted investments 2,639 17 2,366 667 198 5,887 Identifiable liabilities (a) 17,046 10,072 6,796 3,786 3,338 (49 ) 40,989 Unallocated liabilities (b) 52,257 Capital expenditure in tangible and intangible assets 3,861 19 728 443 187 (4 ) 5,234 2020 Sales from operations including intersegment sales 13,590 7,051 25,340 7,536 1,559 Less: intersegment sales (7,231 ) (1,689 ) (403 ) (401 ) (1,365 ) Sales from operations 6,359 5,362 24,937 7,135 194 43,987 Operating profit (610 ) (332 ) (2,463 ) 660 (563 ) 33 (3,275 ) Net provisions for contingencies (98 ) (64 ) (118 ) 2 (26 ) (45 ) (349 ) Depreciation and amortization (6,273 ) (125 ) (575 ) (217 ) (146 ) 32 (7,304 ) Impairments of tangible and intangible assets and right-of-use assets (2,170 ) (2 ) (1,605 ) (56 ) (22 ) (3,855 ) Reversals of tangible and intangible assets 282 334 55 1 672 Write-off of tangible and intangible assets (322 ) (7 ) (329 ) Share of profit (loss) of equity-accounted investments (980 ) (15 ) (363 ) 6 (381 ) (1,733 ) Identifiable assets (a) 59,439 4,020 10,716 4,387 1,444 (402 ) 79,604 Unallocated assets (b) 30,044 Equity-accounted investments 2,680 259 2,605 217 988 6,749 Identifiable liabilities (a) 17,501 3,785 5,460 2,426 3,316 (83 ) 32,405 Unallocated liabilities (b) 39,750 Capital expenditure in tangible and intangible assets 3,472 11 771 293 107 (10 ) 4,644 (a) Include assets/liabilities directly associated with the generation of operating profit. (b) I nclude assets/liabilities not directly associated with the generation of operating profit. |
Schedule of information by geographical area | Identifiable assets and investments by geographical area of origin (€ million) Italy Other European Union Rest of Europe Americas Asia Africa Other areas Total 2022 Identifiable assets (a) 29,195 7,689 6,564 8,892 18,653 28,167 1,526 100,686 Capital expenditure in tangible and intangible assets 1,475 415 205 1,266 1,390 3,163 142 8,056 2021 Identifiable assets (a) 23,718 6,902 6,114 5,718 17,483 33,499 858 94,292 Capital expenditure in tangible and intangible assets 1,333 199 202 659 1,203 1,604 34 5,234 2020 Identifiable assets (a) 17,228 4,159 3,174 4,485 16,360 33,341 857 79,604 Capital expenditure in tangible and intangible assets 1,198 152 119 441 1,267 1,443 24 4,644 ( a) Include assets directly associated with the generation of operating profit. |
Schedule of sales from operations by geography | Sales from operations by geographical area of destination € million) 2022 2021 2020 Italy 60,090 29,968 14,717 Other European Union 25,413 14,671 9,508 Rest of Europe 21,748 12,470 8,191 Americas 6,929 4,420 2,426 Asia 9,062 7,891 4,182 Africa 9,191 7,040 4,842 Other areas 79 115 121 132,512 76,575 43,987 |
Transactions with related par_2
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of transactions and balances with related parties | Transactions and balances with related parties (€ million) December 31, 2022 2022 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 17 71 224 Angola LNG Ltd 79 Coral FLNG SA 10 1,378 12 Azule Group 320 517 3,268 46 1,152 Saipem Group 3 195 9 9 452 Vårgrønn Group 1,259 Karachaganak Petroleum Operating BV 27 251 1,347 Mellitah Oil & Gas BV 58 144 9 234 Petrobel Belayim Petroleum Co 33 595 944 Société Centrale Electrique du Congo SA 47 74 Società Oleodotti Meridionali SpA 6 433 16 14 Vår Energi ASA 58 722 2,378 84 4,085 ) Other (*) 127 76 9 167 338 706 3,004 8,301 417 8,869 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 190 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 139 4 1 15 Other 8 10 11 7 15 147 14 202 22 15 853 3,018 8,503 439 8,884 ) Entities controlled by the Government Cassa Depositi e Prestiti Group 2 47 3 86 Enel Group 438 264 97 275 484 Italgas Group 218 8 84 Snam Group 763 25 1,767 873 Terna Group 119 159 612 701 ) GSE - Gestore Servizi Energetici 207 225 7,786 4,039 3,437 ITA Airways - Italia Trasporto Aereo SpA 3 179 Other 12 35 27 33 1,762 763 10,555 6,007 3,903 Other related parties 2 1 39 Groupement Sonatrach – Eni «GSE» 179 114 33 417 2,794 3,897 8,503 11,028 15,347 3,306 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2021 2021 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 13 57 189 Angola LNG Ltd 73 Angola LNG Supply Services Llc 179 Coral FLNG SA 17 1,260 43 Saipem Group 4 134 9 28 174 Karachaganak Petroleum Operating BV 24 213 989 Mellitah Oil & Gas BV 65 290 3 263 Petrobel Belayim Petroleum Co 24 391 2 651 Société Centrale Electrique du Congo SA 50 66 Societa' Oleodotti Meridionali SpA 6 396 18 12 Vår Energi AS 62 526 495 104 2,224 ) Other (*) 137 53 2 95 234 402 2,060 1,945 359 4,809 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 179 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 124 1 1 13 Other 10 5 10 8 10 134 6 190 21 10 536 2,066 2,135 380 4,819 ) Entities controlled by the Government Enel Group 583 461 41 417 373 Italgas Group 1 49 3 560 Snam Group 160 152 159 1,013 1 Terna Group 51 85 203 309 4 GSE - Gestore Servizi Energetici 311 125 2,216 1,238 766 Other (*) 10 33 20 60 1,116 905 2,642 3,597 1,144 Other related parties 2 33 Groupement Sonatrach – Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 170 79 30 222 1,822 3,052 2,135 3,052 8,671 735 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2020 2020 Name Receivables and other assets Payables and other liabilities Guarantees Revenues Costs Other operating (expense) income Joint ventures and associates Agiba Petroleum Co 6 52 201 Angola LNG Supply Services Llc 165 Coral FLNG SA 6 1,079 49 Gas Distribution Company of Thessaloniki - Thessaly SA 13 52 Saipem Group 87 254 509 18 350 Karachaganak Petroleum Operating BV 25 141 816 Mellitah Oil & Gas BV 54 250 2 156 Petrobel Belayim Petroleum Co 65 467 556 Societa Oleodotti Meridionali SpA 3 399 20 15 Société Centrale Electrique du Congo SA 48 57 Unión Fenosa Gas SA 11 4 57 9 ) Vår Energi AS 39 190 456 85 1,126 ) Other (*) 72 24 1 66 167 416 1,794 2,267 306 3,439 ) Unconsolidated entities controlled by Eni Eni BTC Ltd 165 Industria Siciliana Acido Fosforico - ISAF SpA (in liquidation) 112 1 1 11 Other 5 23 10 4 9 117 24 176 15 9 533 1,818 2,443 321 3,448 (121 ) Entities controlled by the Government Enel Group 104 165 51 551 86 Italgas Group 1 177 3 714 Snam Group 189 211 45 1,012 Terna Group 46 62 152 225 8 GSE - Gestore Servizi Energetici 52 37 586 309 40 Other (*) 8 49 20 63 400 701 857 2,874 134 Other related parties 1 4 2 53 Groupement Sonatrach – Agip «GSA» and Organe Conjoint des Opérations «OC SH/FCP» 87 52 19 262 1,021 2,575 2,443 1,199 6,637 13 (*) Each individual amount included herein was lower than € million. |
Schedule of financing transactions and balances with related parties | Financing transactions and balances with related parties (€ million) December 31, 2022 2022 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes and derivative financial instruments Finance Expense Gain on disposals Joint ventures and associates Coral FLNG SA 356 140 Coral South FLNG DMCC 1,499 1 1 Mozambique Rovuma Venture SpA 1,187 57 48 5 Saipem Group 100 16 3 Other (*) 96 28 2 91 10 1,639 185 1,501 156 159 Unconsolidated entities controlled by Eni Other 8 31 5 4 8 31 5 4 Entities controlled by the Government Enel Group 176 Italgas Group 30 Other 10 40 1 1 10 216 1 1 30 1,657 432 1,501 162 164 30 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2021 2021 Name Receivables and cash and cash equivalents Payables Guarantees Finance incomes Finance expenses Joint ventures and associates Cardón IV SA 199 2 37 Coral FLNG SA 383 4 1 Coral South FLNG DMCC 1,413 2 Mozambique Rovuma Venture SpA 1,008 72 Other (*) 70 43 35 43 1,660 117 1,413 78 44 Unconsolidated entities controlled by Eni Other 38 34 1 1 38 34 1 1 Entities controlled by the Government Enel Group 109 Other 2 17 1 2 126 1 1,700 277 1,413 79 46 (*) Each individual amount included herein was lower than € million. (€ million) December 31, 2020 2020 Name Receivables Payables Guarantees Finance incomes Finance expenses Joint ventures and associates Angola LNG Ltd 228 Cardón IV SA 383 57 Coral FLNG SA 288 22 1 Coral South FLNG DMCC 1,304 Saipem Group 2 167 6 Société Centrale Electrique du Congo SA 83 7 Other 15 12 1 27 18 771 179 1,533 113 25 Unconsolidated entities controlled by Eni Other 36 28 1 36 28 1 Entities controlled by the Government Other 11 1 11 1 807 218 1,533 114 26 |
Schedule of impact of transactions and positions with related parties on balance sheet | The impact of transactions and positions with related parties on the balance sheet accounts consisted of the following: (€ million) December 31, 2022 December 31, 2021 Total Related parties Impact % Total Related parties Impact % Cash and cash equivalents 10,155 10 0.10 8,254 2 0.02 Other current financial assets 1,504 16 1.06 4,308 53 1.23 Trade and other receivables 20,840 2,427 11.65 18,850 1,301 6.90 Other current assets 12,821 341 2.66 13,634 492 3.61 Other non-current financial assets 1,967 1,631 82.92 1,885 1,645 87.27 Other non-current assets 2,236 26 1.16 1,029 29 2.82 Short-term debt 4,446 307 6.91 2,299 233 10.13 Current portion of long-term debt 3,097 36 1.16 1,781 21 1.18 Current portion of non-current lease liabilities 884 35 3.96 948 17 1.79 Trade and other payables 25,709 3,203 12.46 21,720 2,298 10.58 Other current liabilities 12,473 232 1.86 15,756 339 2.15 Long-term debt 19,374 26 0.13 23,714 5 0.02 Non-current lease liabilities 4,067 28 0.69 4,389 1 0.02 Other non-current liabilities 3,234 462 14.29 2,246 415 18.48 |
Schedule of impact of transactions with related parties on the profit and loss accounts | The impact of transactions with related parties on the profit and loss accounts consisted of the following: (€ million) 2022 2021 2020 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Sales from operations 132,512 10,872 8.20 76,575 3,000 3.92 43,987 1,164 2.65 Other income and revenues 1,175 156 13.28 1,196 52 4.35 960 35 3.65 Purchases, services and other (102,529 ) (15,327 ) 14.95 (55,549 ) (8,644 ) 15.56 (33,551 ) (6,595 ) 19.66 Net (impairments) reversals of trade and other receivables 47 (2 ) … (279 ) (6 ) 2.15 (226 ) (6 ) 2.65 Payroll and related costs (3,015 ) (18 ) 0.60 (2,888 ) (21 ) 0.73 (2,863 ) (36 ) 1.26 Other operating income (expense) (1,736 ) 3,306 … 903 735 81.40 (766 ) 13 .. Finance income 8,450 160 1.89 3,723 79 2.12 3,531 114 3.23 Finance expense (9,333 ) (164 ) 1.76 (4,216 ) (46 ) 1.09 (4,958 ) (26 ) 0.52 Derivative financial instruments 13 2 15.38 (306 ) 351 Other income (expense) from investments 3,623 30 0.83 223 75 |
Schedule of main cash flows with related parties | Main cash flows with related parties are provided below: (€ million) 2022 2021 2020 Revenues and other income 11,028 3,052 1,199 Costs and other expenses 13,749 ) 7,814 ) 5,789 ) Other operating income (loss) 3,306 735 13 Net change in trade and other receivables and payables ) ) ) Net interests 69 38 73 Net cash provided from operating activities 223 ) ) Capital expenditure in tangible and intangible assets ) ) ) Disposal of investments 165 Net change in accounts payable and receivable in relation to investments 1,480 ) ) Change in financial receivables ) ) ) Net cash used in investing activities (32 ) ) ) Change in financial and lease liabilities ) ) 164 Net cash used in financing activities ) ) 164 Change in cash and cash equivalents 8 2 Total financial flows to related parties 111 ) ) |
Schedule of impact of cash flows with related parties | The impact of cash flows with related parties consisted of the following: (€ million) 2022 2021 2020 Total Related parties Impact % Total Related parties Impact % Total Related parties Impact % Net cash provided from operating activities 17,460 223 1.28 12,861 (4,331 ) .. 4,822 (4,640 ) .. Net cash used in investing activities (7,018 ) (32) 0.46 (12,022 ) (976 ) 8.12 (4,587 ) (1,372 ) 29.91 Net cash used in financing activities (8,542 ) (88 ) 1.03 (2,039 ) (13 ) 0.64 3,253 164 5.04 |
Other information about inves_2
Other information about investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about investments | |
Schedule of detailed information about parent company | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Eni SpA (#) Rome Italy EUR 4,005,358,876 Cassa Depositi e Prestiti SpA 26.21 Ministero dell’Economia e delle Finanze 4.41 Eni SpA 6.33 Other shareholders 63.05 |
Schedule of detailed information about consolidated subsidiaries with significant non-controlling interest | 2022 (€ million) EniPower Group Non controlling interest (%) 49.00 Current assets 547 Non-current assets 812 Current liabilities 587 Non-current liabilities 34 Revenues 1,636 Profit 171 Total comprehensive income 171 Net cash provided by operating activities 228 Net cash used in investing activities (52 ) Net cash used in financing activities (11 ) Net increase (decrease) in cash and cash equivalents (192 ) Profit attributable to non-controlling interest 54 Dividends paid to minority interest 59 |
Schedule of detailed information about principal joint ventures, joint operations and associates | Company name Registered office Country of operation Segment % ownership % equity ratio Joint venture Azule Energy Holdings Ltd London (United Kingdom) United Kingdom Exploration & Production 50.00 50.00 Cardón IV SA Caracas (Venezuela) Venezuela Exploration & Production 50.00 50.00 Mozambique Rovuma Venture SpA San Donato Milanese (MI) (Italy) Mozambique Exploration & Production 35.71 35.71 Saipem SpA Milan (Italy) Italy Corporate and financial companies 31.19 31.20 Vårgrønn AS Stavanger (Norway) Norway Plenitude 65.00 65.00 Joint Operation Damietta LNG (DLNG) SAE Damietta (Egypt) Egypt Global Gas & LNG Portfolio 50.00 50.00 GreenStream BV Amsterdam (Netherlands) Libya Global Gas & LNG Portfolio 50.00 50.00 Raffineria di Milazzo ScpA Milazzo (ME) (Italy) Italy Refining & Marketing 50.00 50.00 Associates ADNOC Global Trading Ltd Abu Dhabi (United Arab Emirates) United Arab Emirates Refining & Marketing 20.00 20.00 Abu Dhabi Oil Refining Company (Takreer) Abu Dhabi (United Arab Emirates) United Arab Emirates Refining & Marketing 20.00 20.00 Coral FLNG SA Maputo (Mozambique) Mozambique Exploration & Production 25.00 25.00 Novamont SpA Novara (Italy) Italy Chemical 35.00 35.00 Qatar Liquefied Gas Company Limited (9) Doha (Qatar) Qatar Exploration & Production 25.00 25.00 Vår Energi ASA Sandnes (Norway) Norway Exploration & Production 63.08 63.08 |
Schedule of joint ventures | M ain 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: 2022 (€ million) Azule Energy Holdings Ltd Cardón IV SA Saipem SpA Other joint ventures Current assets 3,869 425 7,627 741 - of which cash and cash equivalent 966 7 2,052 219 Non-current assets 21,281 1,812 4,770 13,639 Total assets 25,150 2,237 12,397 14,380 Current liabilities 2,635 431 6,932 1,764 - current financial liabilities 159 3 1,040 1,278 Non-current liabilities 12,369 940 3,352 10,740 - non-current financial liabilities 4,403 43 1,993 10,146 Total liabilities 15,004 1,371 10,284 12,504 Net equity 10,146 866 2,113 1,876 Eni’s % of the investment 50.00 50.00 31.20 Book value of the investment 5,073 433 645 915 Revenues and other income 2,422 942 9,991 526 Operating expense (956 ) (679 ) (9,455 ) (463 ) Other operating profit (loss) 7 25 Depreciation, amortization and impairments (1,099 ) (127 ) (445 ) (258 ) Operating profit (loss) 367 136 98 (170 ) Finance income (expense) (142 ) (195 ) (167 ) Income (expense) from investments 718 (65 ) (4 ) Profit (loss) before income taxes 943 136 (162 ) (341 ) Income taxes (33 ) (122 ) ( 153 ) 62 Profit (loss) - discontinued operations 106 Profit (loss) 910 14 (209 ) (279 ) Other comprehensive income (loss) (516 ) 30 24 119 Total other comprehensive income (loss) 394 44 (185 ) (160 ) Profit (loss) attributable to Eni 455 7 (82 ) 7 Dividends received from the joint venture 475 8 The results for the year and the comprehensive income of the significant joint ventures are shown below: 2022 (€ million) Mozambique Rovuma Venture SpA Vårgrønn AS Profit (loss) (202 ) (17 ) Other comprehensive income (loss) 72 (7 ) Total other comprehensive income (loss) (130 ) (24 ) 2021 (€ million) Cardón IV SA Saipem SpA Vår Energi AS Other joint venture s Current assets 285 6,819 1,382 868 - of which cash and cash equivalent 3 1,632 198 199 Non-current assets 1,947 4,723 16,589 7,765 Total assets 2,232 11,542 17,971 8,633 Current liabilities 373 6,844 2,148 1,169 - current financial liabilities 4 1,256 390 300 Non-current liabilities 1,301 4,347 14,900 5,682 - non-current financial liabilities 430 2,679 4,160 5,167 Total liabilities 1,674 11,191 17,048 6,851 Net equity 558 351 923 1,782 Eni’s % of the investment 50.00 31.20 69.85 Book value of the investment 279 137 645 996 Revenues and other income 686 6,880 5,191 341 Operating expense (546 ) (8,532 ) (1,207 ) (315 ) Other operating profit (loss) 2 (51 ) 4 Depreciation, amortization and impairments (98 ) (616 ) (1,825 ) (39 ) Operating profit (loss) 42 (2,266 ) 2,108 (9 ) Finance income (expense) (67 ) (140 ) (350 ) (24 ) Income (expense) from investments 9 Profit (loss) before income taxes (25 ) (2,397 ) 1,758 (33 ) Income taxes (131 ) (70 ) (1,729 ) (3 ) Profit (loss) (156 ) (2,467 ) 29 (36 ) Other comprehensive income (loss) 39 (117 ) 61 27 Total other comprehensive income (loss) (117 ) (2,584 ) 90 (9 ) Profit (loss) attributable to Eni (78 ) (752 ) 20 (97 ) Dividends received from the joint venture 561 25 2021 (€ million) Doggerbank Offshore Wind Farm Project 1 Holdco Ltd Doggerbank Offshore Wind Farm Project 2 Holdco Ltd Profit (loss) (1 ) (1 ) Other comprehensive income (loss) 31 (9 ) Total other comprehensive income (loss) 30 (10 ) |
Schedule of interests in associates | M ain 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: 2022 (€ million) Abu Dhabi Oil Refining Company (TAKREER) Vår Energi ASA Coral FLNG SA Other associates Current assets 3,730 1,612 578 4,828 - of which cash and cash equivalent 150 417 25 284 Non-current assets 17,896 15,821 7,386 8,830 Total assets 21,626 17,433 7,964 13,658 Current liabilities 2,681 3,044 695 4,220 - current financial liabilities 561 1 411 Non-current liabilities 6,458 13,179 5,949 4,220 - non-current financial liabilities 5,366 2,404 5,926 4,056 Total liabilities 9,139 16,223 6,644 8,440 Net equity 12,487 1,210 1,320 5,218 Eni’s % of the investment 20.00 63.08 25.00 Book value of the investment 2,497 763 330 1,381 Revenues and other income 36,240 9,520 59 37,846 Operating expense (32,916 ) (1,280 ) (49 ) (36,754 ) Other operating income (expense) (702 ) (10 ) Depreciation, amortization and impairments (741 ) (1,881 ) (4 ) (247 ) Operating profit (loss) 1,881 6,359 6 835 Finance income (expense) (83 ) (495 ) 553 (14 ) Income (expense) from investments 3 Profit (loss) before income taxes 1,798 5,864 559 824 Income taxes (4,768 ) 1 (26 ) Profit (loss) 1,798 1,096 560 798 Other comprehensive income (loss) 646 (144 ) 29 (81 ) Total other comprehensive income (loss) 2,444 952 589 717 Profit (loss) attributable to Eni 360 691 140 411 Dividends received from the joint venture 142 469 97 The results for the year and the comprehensive income of the significant associates are shown below: 2022 (€ million) Qatar Liquefied Gas Company Limited (9) Novamont SpA ADNOC Global Trading Ltd Profit (loss) (152 ) 849 Other comprehensive income (loss) (16 ) (107 ) 5 Total other comprehensive income (loss) (16 ) (259 ) 854 2021 (€ million) Abu Dhabi Oil Refining Company (TAKREER) Angola LNG Ltd Coral FLNG SA Other associates Current assets 3,070 1,234 88 2,855 - of which cash and cash equivalent 153 808 8 419 Non-current assets 16,936 9,736 6,320 4,842 Total assets 20,006 10,970 6,408 7,697 Current liabilities 3,042 1,061 391 2,577 - current financial liabilities 122 1 139 Non-current liabilities 6,208 1,935 5,392 3,857 - non-current financial liabilities 5,164 696 5,384 3,632 Total liabilities 9,250 2,996 5,783 6,434 Net equity 10,756 7,974 625 1,263 Eni’s % of the investment 20.00 13.60 25.00 Book value of the investment 2,151 1,084 156 393 Revenues and other income 21,758 2,739 20,098 Operating expense (20,429 ) (2,316 ) (19,785 ) Other operating income (expense) (117 ) Depreciation, amortization and impairments (3,054 ) 307 (40 ) Operating profit (loss) (1,725 ) 730 156 Finance income (expense) (85 ) (61 ) (5 ) Income (expense) from investments 52 Profit (loss) before income taxes (1,810 ) 669 203 Income taxes (16 ) Profit (loss) (1,810 ) 669 187 Other comprehensive income (loss) 892 623 46 74 Total other comprehensive income (loss) (918 ) 1,292 46 261 Profit (loss) attributable to Eni (362 ) 90 52 Dividends received from the joint venture 16 |
Exploration & Production | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Mediterranea Idrocarburi SpA Gela (CL) Italy EUR 5,200,000 Eni SpA 100.00 100.00 F.C. Eni Mozambico SpA San Donato Milanese (MI) Mozambique EUR 200,000 Eni SpA 100.00 100.00 F.C. Eni Natural Energies SpA San Donato Milanese (MI) Italy EUR 100,000 Eni SpA 100.00 100.00 F.C. Eni Timor Leste SpA San Donato Milanese (MI) East Timor EUR 4,386,849 Eni SpA 100.00 100.00 F.C. Eni West Africa SpA San Donato Milanese (MI) Angola EUR 1,000,000 Eni SpA 100.00 Eq. Floaters SpA San Donato Milanese (MI) Italy EUR 200,120,000 Eni SpA 100.00 100.00 F.C. Ieoc SpA San Donato Milanese (MI) Egypt EUR 7,518,000 Eni SpA 100.00 100.00 F.C. Società Petrolifera Italiana SpA San Donato Milanese (MI) Italy EUR 8,034,400 Eni SpA 99.96 99.96 F.C. Third parties 0.04 (*) (#) Company with shares quoted on regulated market of Italy or of other EU countries. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agip Caspian Sea BV Amsterdam (Netherlands) Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Agip Energy and Natural Resources (Nigeria) Ltd Abuja (Nigeria) Nigeria NGN 5,000,000 Eni International BV 95.00 100.00 F.C. Eni Oil Holdings BV 5.00 Agip Karachaganak BV Amsterdam (Netherlands) Kazakhstan EUR 20,005 Eni International BV 100.00 100.00 F.C. Burren Energy (Bermuda) Ltd Hamilton (Bermuda) United Kingdom USD 12,002 Burren Energy Plc 100.00 100.00 F.C. Burren Energy (Egypt) Ltd London (United Kingdom) Egypt GBP 2 Burren Energy Plc 100.00 Eq. Burren Energy Congo Ltd Tortola (British Virgin Islands) Republic of the Congo USD 50,000 Burren En. (Berm) Ltd 100.00 100.00 F.C. Burren Energy India Ltd London (United Kingdom) United Kingdom GBP 2 Burren Energy Plc 100.00 100.00 F.C. Burren Energy Plc London (United Kingdom) United Kingdom GBP 28,819,023 Eni UK Holding Plc 99.99 100.00 F.C. Eni UK Ltd (..) Burren Shakti Ltd Hamilton (Bermuda) United Kingdom USD 213,138 Burren En. India Ltd 100.00 100.00 F.C. Eni Abu Dhabi BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Albania BV Amsterdam (Netherlands) Albania EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Exploration BV Amsterdam (Netherlands) Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Algeria Ltd Sàrl Luxembourg (Luxembourg) Algeria USD 20,000 Eni Oil Holdings BV 100.00 100.00 F.C. Eni Algeria Production BV Amsterdam (Netherlands) Algeria EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ambalat Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni America Ltd Dover (USA) USA USD 72,000 Eni UHL Ltd 100.00 100.00 F.C. Eni Argentina Exploración y Explotación SA Buenos Aires (Argentina) Argentina ARS 31,997,266 Eni International BV 95.00 100.00 F.C. Eni Oil Holdings BV 5.00 Eni Arguni I Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Australia BV Amsterdam (Netherlands) Australia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Australia Ltd London (United Kingdom) Australia GBP 20,000,000 Eni International BV 100.00 100.00 F.C. Eni Bahrain BV Amsterdam (Netherlands) Bahrain EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni BB Petroleum Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. (*) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Consolidation or valutatio method (*) Eni BTC Ltd London (United Kingdom) United Kingdom GBP 1 Eni International BV 100.00 Eq. Eni Bukat Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Canada Holding Ltd Calgary (Canada) Canada USD 3,938,200,001 Eni International BV 100.00 100.00 F.C. Eni CBM Ltd London (United Kingdom) Indonesia USD 2,210,728 Eni Lasmo Plc 100.00 Eq. Eni China BV Amsterdam (Netherlands) China EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Congo SA Pointe-Noire (Republic of the Congo) Republic of the Congo USD 500,000 Eni E&P Holding BV 100.00 100.00 F.C. Eni Côte d'Ivoire Ltd London (United Kingdom) Ivory Coast GBP 1 Eni Lasmo Plc 100.00 100.00 F.C. Eni Cyprus Ltd Nicosia (Cyprus) Cyprus EUR 2,009 Eni International BV 100.00 100.00 F.C. Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltd Rio de Janeiro (Brazil) Brazil BRL 1,593,415,000 Eni International BV 99.99 Eq. Eni Oil Holdings BV (..) Eni East Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni East Sepinggan Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Elgin/Franklin Ltd London (United Kingdom) United Kingdom GBP 100 Eni UK Ltd 100.00 100.00 F.C. Eni Energy Russia BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Exploration & Production Holding BV Amsterdam (Netherlands) Netherlands EUR 29,832,777.12 Eni International BV 100.00 100.00 F.C. Eni Gabon SA Libreville (Gabon) Gabon XAF 57,088,000,000 Eni International BV 100.00 100.00 F.C. Eni Ganal Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Gas & Power LNG Australia BV Amsterdam (Netherlands) Australia EUR 1,013,439 Eni International BV 100.00 100.00 F.C. Eni Ghana Exploration and Production Ltd Accra (Ghana) Ghana GHS 21,412,500 Eni International BV 100.00 100.00 F.C. Eni Hewett Ltd Aberdeen (United Kingdom) United Kingdom GBP 3,036,000 Eni UK Ltd 100.00 100.00 F.C. Eni Hydrocarbons Venezuela Ltd London (United Kingdom) Venezuela GBP 8,050,500 Eni Lasmo Plc 100.00 Eq. Eni India Ltd London (United Kingdom) India GBP 44,000,000 Eni Lasmo Plc 100.00 Eq. Eni Indonesia Ltd London (United Kingdom) Indonesia GBP 100 Eni ULX Ltd 100.00 100.00 F.C. Eni Indonesia Ots 1 Ltd Grand Cayman (Cayman Islands) Indonesia USD 1.01 Eni Indonesia Ltd 100.00 100.00 F.C. Eni International NA NV Sàrl Luxembourg (Luxembourg) United Kingdom USD 25,000 Eni International BV 100.00 100.00 F.C. Eni Investments Plc London (United Kingdom) United Kingdom GBP 750,050,000 Eni SpA 99.99 100.00 F.C. Eni UK Ltd (..) ( *) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Iran BV Amsterdam (Netherlands) Iran EUR 20,000 Eni International BV 100.00 Eq. Eni Iraq BV Amsterdam (Netherlands) Iraq EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Ireland BV Amsterdam (Netherlands) Ireland EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Isatay BV Amsterdam (Netherlands) Kazakhstan EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 03-13 Ltd London (United Kingdom) Australia GBP 250,000 Eni International BV 100.00 100.00 F.C. Eni JPDA 06-105 Pty Ltd Perth (Australia) Australia AUD 80,830,576 Eni International BV 100.00 100.00 F.C. Eni JPDA 11-106 BV Amsterdam (Netherlands) Australia EUR 50,000 Eni International BV 100.00 100.00 F.C. Eni Kenya BV Amsterdam (Netherlands) Kenya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Krueng Mane Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Lasmo Plc London (United Kingdom) United Kingdom GBP 337,638,724.25 Eni Investments Plc 99.99 100.00 F.C. Eni UK Ltd (..) Eni Lebanon BV Amsterdam(Netherlands) Lebanon EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Liverpool Bay Operating Co Ltd London (United Kingdom) United Kingdom GBP 1 Eni UK Ltd 100.00 Eq. Eni LNS Ltd London (United Kingdom) United Kingdom GBP 1 Eni UK Ltd 100.00 100.00 F.C. Eni Marketing Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Maroc BV Amsterdam (Netherlands) Morocco EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni Middle East Ltd London (United Kingdom) United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni MOG Ltd (in liquidation) London (United Kingdom) United Kingdom GBP 0 (a) Eni Lasmo Plc 99.99 100.00 F.C. Eni LNS Ltd (..) Eni Montenegro BV Amsterdam (Netherlands) Republic of Montenegro EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Mozambique Engineering Ltd London (United Kingdom) United Kingdom GBP 1 Eni Lasmo Plc 100.00 Eq. Eni Mozambique LNG Holding BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Muara Bakau BV Amsterdam (Netherlands) Indonesia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Myanmar BV Amsterdam (Netherlands) Myanmar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni New Energy Egypt SAE Cairo (Egypt) Egypt EGP 250,000 Eni International BV 99.98 Eq. Ieoc Exploration BV 0.01 Ieoc Production BV 0.01 (*) (a) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutatio method (*) Eni North Africa BV Amsterdam (Netherlands) Libya EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni North Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Oil & Gas Inc Dover (USA) USA USD 100,800 Eni America Ltd 100.00 100.00 F.C. Eni Oil Algeria Ltd London (United Kingdom) Algeria GBP 1,000 Eni Lasmo Plc 100.00 100.00 F.C. Eni Oil Holdings BV Amsterdam (Netherlands) Netherlands EUR 450,000 Eni ULX Ltd 100.00 100.00 F.C. Eni Oman BV Amsterdam (Netherlands) Oman EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Petroleum Co Inc Dover (USA) USA USD 156,600,000 Eni SpA 63.86 100.00 F.C. Eni International BV 36.14 Eni Petroleum US Llc Dover (USA) USA USD 1,000 Eni BB Petroleum Inc 100.00 100.00 F.C. Eni Qatar BV Amsterdam (Netherlands) Qatar EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni RAK BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Rapak Ltd London (United Kingdom) Indonesia GBP 2 Eni Indonesia Ltd 100.00 100.00 F.C. Eni RD Congo SA Kinshasa (Democratic Republic of the Congo) Democratic Republic of the Congo CDF 750,000,000 Eni International BV 99.99 Eq. Eni Oil Holdings BV (..) Eni Rovuma Basin BV Amsterdam (Netherlands) Mozambique EUR 20,000 Eni Mozamb. LNG H. BV 100.00 100.00 F.C. Eni Sharjah BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni South Africa BV Amsterdam (Netherlands) Republic of South Africa EUR 20,000 Eni International BV 100.00 Eq. Eni South China Sea Ltd Sàrl Luxembourg (Luxembourg) China USD 20,000 Eni International BV 100.00 Eq. Eni TNS Ltd Aberdeen (United Kingdom) United Kingdom GBP 1,000 Eni UK Ltd 100.00 100.00 F.C. Eni Tunisia BV Amsterdam (Netherlands) Tunisia EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Turkmenistan Ltd Hamilton (Bermuda) Turkmenistan USD 20,000 Burren En. (Berm) Ltd 100.00 100.00 F.C. Eni UHL Ltd London (United Kingdom) United Kingdom GBP 1 Eni ULT Ltd 100.00 100.00 F.C. Eni UK Holding Plc London (United Kingdom) United Kingdom GBP 424,050,000 Eni Lasmo Plc 99.99 100.00 F.C. Eni UK Ltd (..) Eni UK Ltd London (United Kingdom) United Kingdom GBP 50,000,000 Eni International BV 100.00 100.00 F.C. Eni UKCS Ltd London (United Kingdom) United Kingdom GBP 100 Eni UK Ltd 100.00 100.00 F.C. (*) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Ukraine Holdings BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Eni Ukraine Llc (in liquidation) Kiev (Ukraine) Ukraine UAH 98,419,627.51 Eni Ukraine Hold. BV 99.99 Eni International BV 0.01 Eni ULT Ltd London (United Kingdom) United Kingdom GBP 93,215,492.25 Eni Lasmo Plc 100.00 100.00 F.C. Eni ULX Ltd London (United Kingdom) United Kingdom GBP 200,010,000 Eni ULT Ltd 100.00 100.00 F.C. Eni US Operating Co Inc Dover (USA) USA USD 1,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni USA Gas Marketing Llc Dover (USA) USA USD 10,000 Eni Marketing Inc 100.00 100.00 F.C. Eni USA Inc Dover (USA) USA USD 1,000 Eni Oil & Gas Inc 100.00 100.00 F.C. Eni Venezuela BV Amsterdam (Netherlands) Venezuela EUR 20,000 Eni Venezuela E&P H. 100.00 100.00 F.C. Eni Venezuela E&P Holding SA Bruxelles (Belgium) Belgium USD 254,443,200 Eni International BV 99.99 100.00 F.C. Eni Oil Holdings BV (..) Eni Vietnam BV Amsterdam (Netherlands) Vietnam EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni West Ganal Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni West Timor Ltd London (United Kingdom) Indonesia GBP 1 Eni Indonesia Ltd 100.00 100.00 F.C. Eni Yemen Ltd London (United Kingdom) United Kingdom GBP 1,000 Burren Energy Plc 100.00 Eq. Eurl Eni Algérie Algeri (Algeria) Algeria DZD 1,000,000 Eni Algeria Ltd Sàrl 100.00 Eq. Export LNG Ltd Hong Kong (Hong Kong) Republic of the Congo USD 322,325,000 Eni SpA 100.00 100.00 F.C. First Calgary Petroleums LP Wilmington (USA) Algeria USD 1 Eni Canada Hold. Ltd 99.99 100.00 F.C. FCP Partner Co ULC 0.01 First Calgary Petroleums Partner Co ULC Calgary (Canada) Canada CAD 10 Eni Canada Hold. Ltd 100.00 100.00 F.C. Ieoc Exploration BV Amsterdam (Netherlands) Egypt EUR 20,000 Eni International BV 100.00 Eq. Ieoc Production BV Amsterdam (Netherlands) Egypt EUR 20,000 Eni International BV 100.00 100.00 F.C. Lasmo Sanga Sanga Ltd Hamilton (Bermuda) Indonesia USD 12,000 Eni Lasmo Plc 100.00 100.00 F.C. Liverpool Bay CCS Ltd London (United Kingdom) United Kingdom GBP 10,000 Eni UK Ltd 100.00 Eq. Liverpool Bay Ltd London (United Kingdom) United Kingdom USD 1 Eni ULX Ltd 100.00 Eq. LLC "Eni Energhia" Moscow (Russia) Russia RUB 2,000,000 Eni Energy Russia BV 99.90 Eq. Eni Oil Holdings BV 0.10 Mizamtec Operating Company S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni US Op. Co Inc 99.90 Eq. Eni Petroleum Co Inc 0.10 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Nigerian Agip CPFA Ltd Lagos (Nigeria) Nigeria NGN 1,262,500 NAOC Ltd 98.02 Co. Agip En Nat Res. Ltd 0.99 Nigerian Agip E. Ltd 0.99 Nigerian Agip Exploration Ltd Abuja (Nigeria) Nigeria NGN 5,000,000 Eni International BV 99.99 100.00 F.C. Eni Oil Holdings BV 0.01 Nigerian Agip Oil Co Ltd Abuja (Nigeria) Nigeria NGN 1,800,000 Eni International BV 99.89 100.00 F.C. Eni Oil Holdings BV 0.11 Zetah Congo Ltd Nassau (Bahamas) Republic of the Congo USD 300 Eni Congo SA 66.67 Co. Burren En. Congo Ltd 33.33 Zetah Kouilou Ltd Nassau (Bahamas) Republic of the Congo USD 2,000 Eni Congo SA 54.50 Co. Burren En. Congo Ltd 37.00 Third parties 8.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of interests in joint arrangements and associates | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agri-Energy Srl (†) Jolanda di Savoia (FE) Italy EUR 50,000 Eni Natural Energies SpA 50.00 Eq. Third parties 50.00 Azule Energy Angola SpA (former Eni Angola SpA) San Donato Milanese (MI) Angola EUR 20,200,000 Azule Energy Hold. Ltd 100.00 Mozambique Rovuma Venture SpA (†) San Donato Milanese (MI) Mozambique EUR 20,000,000 Eni SpA 35.71 Eq. Third parties 64.29 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agiba Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 Angola JVCO Ltd Sunbury-On-Thames (United Kingdom) Angola USD 1,000 Azule Energy Hold. Ltd 100.00 Ashrafi Island Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Azule Energy Gas Supply Services Inc Houston (USA) USA USD 1,000 Azule Energy Hold. Ltd 100.00 Azule Energy Holdings Ltd (†) London (United Kingdom) United Kingdom USD 1,000,000 Eni International BV 50.00 Eq. Third parties 50.00 Barentsmorneftegaz Sàrl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Third parties 66.67 BP Angola (Block 18) BV Rotterdam (Netherlands) Angola EUR 2,275,625.42 Angola JVCO Ltd 100.00 BP Exploration Angola (Kwanza Benguela) Ltd Sunbury-On-Thames (United Kingdom) Angola USD 1 Angola JVCO Ltd 100.00 BP Exploration (Angola) Ltd Sunbury-On-Thames (United Kingdom) Angola USD 1,000,000 Angola JVCO Ltd 100.00 BP Gas Supply (Angola) Llc Wilmington (USA) Angola USD 12,800,000 Azule En. Gas Sup. S. Inc 100.00 Cabo Delgado Gas Development Limitada (†) Maputo (Mozambique) Mozambique MZN 2,500,000 Eni Mozamb. LNG H. BV 50.00 Co. Third parties 50.00 Cardón IV SA (†) Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 50.00 Eq. Third parties 50.00 Compañia Agua Plana SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 26.00 Co. Third parties 74.00 Coral FLNG SA Maputo (Mozambique) Mozambique MZN 100,000,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Coral South FLNG DMCC Dubai (United Arab Emirates) United Arab Emirates AED 500,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 East Delta Gas Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 East Kanayis Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 East Obaiyed Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 El Temsah Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 El-Fayrouz Petroleum Co (†) (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 50.00 Third parties 50.00 Eni Angola Exploration BV Amsterdam (Netherlands) Angola EUR 20,000 Azule Energy Hold. Ltd 100.00 Eni Angola Production BV Amsterdam (Netherlands) Angola EUR 20,000 Azule Energy Hold. Ltd 100.00 Fedynskmorneftegaz Sàrl (†) Luxembourg (Luxembourg) Russia USD 20,000 Eni Energy Russia BV 33.33 Eq. Third parties 66.67 Isatay Operating Company Llp (†) Astana (Kazakhstan) Kazakhstan KZT 400,000 Eni Isatay 50.00 Co. Third parties 50.00 Karachaganak Petroleum Operating BV Amsterdam (Netherlands) Kazakhstan EUR 20,000 Agip Karachaganak BV 29.25 Co. Third parties 70.75 Khaleej Petroleum Co Wll Safat (Kuwait) Kuwait KWD 250,000 Eni Middle E. Ltd 49.00 Eq. Third parties 51.00 Liberty National Development Co Llc Wilmington (USA) USA USD 0 (a) Eni Oil & Gas Inc 32.50 Eq. Third parties 67.50 Mediterranean Gas Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Meleiha Petroleum Company (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 Mellitah Oil & Gas BV (†) Amsterdam (Netherlands) Libya EUR 20,000 Eni North Africa BV 50.00 Co. Third parties 50.00 Nile Delta Oil Co Nidoco Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 Norpipe Terminal Holdco Ltd London (United Kingdom) Norway GBP 55.69 Eni SpA 14.20 Eq. Third parties 85.80 North Bardawil Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 30.00 Third parties 70.00 North El Burg Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Petrobel Belayim Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 PetroBicentenario SA (†) Caracas (Venezuela) Venezuela VED 0 Eni Lasmo Plc 40.00 Eq. Third parties 60.00 PetroJunín SA (†) Caracas (Venezuela) Venezuela VED 0.02 Eni Lasmo Plc 40.00 Eq. Third parties 60.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. (a) Shares without nominal value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) PetroSucre SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 26.00 Eq. Third parties 74.00 Pharaonic Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Port Said Petroleum Co (†) Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 50.00 Co. Third parties 50.00 Qatar Liquefied Gas Company Limited (9) Doha (Qatar) Qatar USD 1,175,885,000 Eni Qatar BV 25.00 Eq. Third parties 75.00 Raml Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 22.50 Co. Third parties 77.50 Ras Qattara Petroleum Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 37.50 Co. Third parties 62.50 Rovuma LNG Investment (DIFC) Ltd Dubai (United Arab Emirates) Mozambique USD 50,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 Rovuma LNG SA Maputo (Mozambique) Mozambique MZN 100,000,000 Eni Mozamb. LNG H. BV 25.00 Eq. Third parties 75.00 Shorouk Petroleum Company Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 25.00 Co. Third parties 75.00 Société Centrale Electrique du Congo SA Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 44,732,000,000 Eni Congo SA 20.00 Eq. Third parties 80.00 Société Italo Tunisienne d’Exploitation Pétrolière SA (†) Tunis (Tunisia) Tunisia TND 5,000,000 Eni Tunisia BV 50.00 Eq. Third parties 50.00 Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA (†) Tunis (Tunisia) Tunisia TND 100,000 Eni Tunisia BV 50.00 Co. Third parties 50.00 Solenova Ltd (†) London (United Kingdom) Angola USD 1,580,000 Eni E&P Holding BV 50.00 Co. Third parties 50.00 Thekah Petroleum Co (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 25.00 Third parties 75.00 United Gas Derivatives Co New Cairo (Egypt) Egypt USD 153,000,000 Eni International BV 33.33 Eq. Third parties 66.67 Vår Energi ASA (#) Sandnes (Norway) Norway NOK 399,425,000 Eni International BV 63.08 Eq. Third parties 36.92 VIC CBM Ltd (†) London (United Kingdom) Indonesia USD 52,315,912 Eni Lasmo Plc 50.00 Eq. Third parties 50.00 Virginia Indonesia Co CBM Ltd (†) London (United Kingdom) Indonesia USD 25,631,640 Eni Lasmo Plc 50.00 Eq. Third parties 50.00 West Ashrafi Petroleum Co (†) (in liquidation) Cairo (Egypt) Egypt EGP 20,000 Ieoc Exploration BV 50.00 Third parties 50.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (#) Company with shares quoted on regulated market of extra-EU countries. (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) BF SpA (#) Jolanda di Savoia (FE) Italy EUR 187,059,565 Eni Natural Energies SpA 3.32 F.V. Third parties 96.68 Consorzio Universitario in Ingegneria per la Qualità e l’Innovazione Pisa Italy EUR 138,000 Eni SpA 16.67 F.V. Third parties 83.33 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Administradora del Golfo de Paria Este SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 19.50 F.V. Third parties 80.50 Brass LNG Ltd Lagos (Nigeria) Nigeria USD 1,000,000 Eni Int. NA NV Sàrl 20.48 F.V. Third parties 79.52 Darwin LNG Pty Ltd West Perth (Australia) Australia AUD 187,569,921.42 Eni G&P LNG Aus. BV 10.99 F.V. Third parties 89.01 New Liberty Residential Co Llc West Trenton (USA) USA USD 0 (a) Eni Oil & Gas Inc 17.50 F.V. Third parties 82.50 Nigeria LNG Ltd Port Harcourt (Nigeria) Nigeria USD 1,138,207,000 Eni Int. NA NV Sàrl 10.40 F.V. Third parties 89.60 North Caspian Operating Co NV The Hauge (Netherlands) Kazakhstan EUR 128,520 Agip Caspian Sea BV 16.81 F.V. Third parties 83.19 Petrolera Güiria SA Caracas (Venezuela) Venezuela VED 0 Eni Venezuela BV 19.50 F.V. Third parties 80.50 Torsina Oil Co Cairo (Egypt) Egypt EGP 20,000 Ieoc Production BV 12.50 F.V. Third parties 87.50 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (#) Company with shares quoted on regulated market of Italy or of other EU countries. (a) Shares without nominal value. |
Global Gas & LNG Portfolio | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Corridor Srl San Donato Milanese (MI) Italy EUR 100,000,000 Eni SpA 100.00 100.00 F.C. Eni Gas Transport Services Srl San Donato Milanese (MI) Italy EUR 120,000 Eni SpA 100.00 Co. Eni Global Energy Markets SpA Rome Italy EUR 41,233,720 Eni SpA 100.00 100.00 F.C. LNG Shipping SpA San Donato Milanese (MI) Italy EUR 240,900,000 Eni SpA 100.00 100.00 F.C. Trans Tunisian Pipeline Co SpA San Donato Milanese (MI) Tunisia EUR 1,098,000 Eni Corridor Srl 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni España Comercializadora de Gas SAU Madrid (Spain) Spain EUR 2,340,240 Eni SpA 100.00 100.00 F.C. Eni G&P Trading BV Amsterdam (Netherlands) Turkey EUR 70,000 Eni International BV 100.00 100.00 F.C. Eni Gas Liquefaction BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Société de Service du Gazoduc Transtunisien SA - Sergaz SA Tunis (Tunisia) Tunisia TND 99,000 Eni Corridor Srl 66.67 66.67 F.C. Third parties 33.33 Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA Tunis (Tunisia) Tunisia TND 200,000 Eni Corridor Srl 99.95 100.00 F.C. Trans Tunis. P. Co 0.05 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of interests in joint arrangements and associates | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Mariconsult SpA (†) Milan Italy EUR 120,000 Eni Corridor Srl 50.00 Eq. Third parties 50.00 Transmed SpA (†) Milan Italy EUR 240,000 Eni Corridor Srl 50.00 Eq. Third parties 50.00 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Blue Stream Pipeline Co BV (†) Amsterdam (Netherlands) Russia USD 22,000 Eni International BV 50.00 74.62 (a) J.O. Third parties 50.00 Damietta LNG (DLNG) SAE (†) Damietta (Egypt) Egypt USD 375,000,000 Eni Gas Liquef. BV 50.00 50.00 J.O. Third parties 50.00 DLNG Service SAE (†) (former SEGAS Services SAE) Damietta (Egypt) Egypt USD 1,000,000 Damietta LNG 98.00 50.00 J.O. Eni Gas Liquef. BV 1.00 Third parties 1.00 GreenStream BV (†) Amsterdam (Netherlands) Libya EUR 200,000,000 Eni North Africa BV 50.00 50.00 J.O. Third parties 50.00 Premium Multiservices SA Tunis (Tunisia) Tunisia TND 200,000 Sergaz SA 49.99 Eq. Third parties 50.01 SAMCO Sagl Lugano (Switzerland) Switzerland CHF 20,000 Transmed. Pip. Co Ltd 90.00 Eq. Eni Corridor Srl 5.00 Third parties 5.00 Société Energies Renouvelables Eni-ETAP SA (†) Tunis (Tunisia) Tunisia TND 1,000,000 Eni International BV 50.00 Eq. Third parties 50.00 Transmediterranean Pipeline Co Ltd (†) St. Helier(Jersey) Jersey USD 10,310,000 Eni Corridor Srl 50.00 50.00 J.O. Third parties 50.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. (a) Equity ratio equal to the Eni's working interest. |
Schedule of detailed information about other significant investments | OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Norsea Gas GmbH Friedeburg - Etzel (Germany) Germany EUR 1,533,875.64 Eni International BV 13.04 F.V. Third parties 86.96 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Refining & Marketing and Chemical | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | REFINING & MARKETING AND CHEMICAL Refining & Marketing IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Ecofuel SpA San Donato Milanese (MI) Italy EUR 52,000,000 Eni SpA 100.00 100.00 F.C. EniBioCh4 in Alexandria Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 70.00 70.00 F.C. Third parties 30.00 EniBioCh4in Aprilia Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Grupellum Società Agricola Srl San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 98.00 98.00 F.C. Third parties 2.00 EniBioCh4in Jonica Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Momo Società Agricola Srl San Donato Milanese (MI) Italy EUR 20,000 EniBioCh4in SpA 95.00 95.00 F.C. Third parties 5.00 EniBioCh4in Pannellia BioGas Srl Società Agricola San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Quadruvium Srl Società Agricola San Donato Milanese (MI) Italy EUR 100,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Service BioGas Srl San Donato Milanese (MI) Italy EUR 50,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in Società Agricola Il Bue Srl San Donato Milanese (MI) Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. EniBioCh4in SpA San Donato Milanese (MI) Italy EUR 2,500,000 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Fuel SpA Rome Italy EUR Eni SpA 100.00 100.00 F.C. Eni Sustainable Mobility SpA (former Eni4Cities SpA) Rome Italy EUR 39,450,000 Eni SpA 100.00 100.00 F.C. Eni Trade & Biofuels SpA Rome Italy EUR Eni SpA 100.00 100.00 F.C. Petroven Srl Genova Italy EUR 918,520 Ecofuel SpA 100.00 100.00 F.C. Po' Energia Srl Società Agricola Bolzano Italy EUR 10,000 EniBioCh4in SpA 100.00 100.00 F.C. Raffineria di Gela SpA Gela (CL) Italy EUR 15,000,000 Eni SpA 100.00 100.00 F.C. SeaPad SpA Genova Italy EUR 12,400,000 Ecofuel SpA 80.00 Eq. Third parties 20.00 Servizi Fondo Bombole Metano SpA Rome Italy EUR 13,580,000.20 Eni SpA 100.00 Co. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Abu Dhabi Refining & Trading BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 100.00 F.C. Eni Abu Dhabi Refining & Trading Services BV Amsterdam (Netherlands) United Arab Emirates EUR 20,000 Eni Abu Dhabi R&T BV 100.00 Eq. Eni Austria GmbH Wien (Austria) Austria EUR 78,500,000 Eni Sust. Mobility SpA 75.00 100.00 F.C. Eni Deutsch. 25.00 Eni Benelux BV Rotterdam (Netherlands) Netherlands EUR 1,934,040 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Deutschland GmbH Munich (Germany) Germany EUR 90,000,000 Eni International BV 89.00 100.00 F.C. Eni Oil Holdings BV 11.00 Eni Ecuador SA Quito (Ecuador) Ecuador USD 103,142.08 Eni International BV 99.93 100.00 F.C. Esain SA 0.07 Eni Energy (Shanghai) Co Ltd Shanghai (China) China EUR 5,000,000 Eni International BV 100.00 100.00 F.C. Eni France Sàrl Lyon (France) France EUR 56,800,000 Eni International BV 100.00 100.00 F.C. Eni Iberia SLU Alcobendas (Spain) Spain EUR 17,299,100 Eni Sust. Mobility SpA 100.00 100.00 F.C. Eni Marketing Austria GmbH Wien (Austria) Austria EUR 19,621,665.23 Eni Mineralölh. GmbH 99.99 100.00 F.C. Eni Sust. Mobility SpA (..) Eni Mineralölhandel GmbH Wien (Austria) Austria EUR 34,156,232.06 Eni Austria GmbH 100.00 100.00 F.C. Eni Schmiertechnik GmbH Wurzburg (Germany) Germany EUR 2,000,000 Eni Deutsch. GmbH 100.00 100.00 F.C. Eni Suisse SA Lausanne (Switzerland) Switzerland CHF 102,500,000 Eni International BV 100.00 100.00 F.C. Eni Trading & Shipping Inc Dover (USA) USA USD 1,000,000 ET&B SpA 100.00 100.00 F.C. Eni Transporte y Suministro México S. de RL de CV Mexico City (Mexico) Mexico MXN 3,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni USA R&M Co Inc Wilmington (USA) USA USD 11,000,000 Eni International BV 100.00 Eq. Esacontrol SA Quito (Ecuador) Ecuador USD 60,000 Eni Ecuador SA 87.00 Eq. Third parties 13.00 Esain SA Quito (Ecuador) Ecuador USD 30,000 Eni Ecuador SA 99.99 100.00 F.C. Tecnoesa SA (..) Oléoduc du Rhône SA Bovernier (Switzerland) Switzerland CHF 7,000,000 Eni International BV 100.00 Eq. Tecnoesa SA Quito (Ecuador) Ecuador USD 36,000 Eni Ecuador SA 99.99 Eq. Esain SA (..) (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Chemical IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Versalis SpA San Donato Milanese (MI) Italy EUR 446,050,728.65 Eni SpA 100.00 100.00 F.C. Finproject SpA Morrovalle (MC) Italy EUR 18,500,000 Versalis SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Asian Compounds Ltd Hong Kong (Hong Kong) Hong Kong HKD 1,000 Finproject Asia Ltd 100.00 100.00 F.C. Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság Budapest (Hungary) Hungary HUF 1,577,971,200 Versalis SpA 96.34 100.00 F.C. Versalis Deutsch. GmbH 1.83 Versalis International SA 1.83 Finproject Asia Ltd Hong Kong (Hong Kong) Hong Kong USD 1,000 Finproject SpA 100.00 100.00 F.C. Finproject Brasil Industria De Solados Eireli Franca (Brazil) Brazil BRL 1,000,000 Finproject SpA 100.00 100.00 F.C. Finproject Guangzhou Trading Co Ltd Guangzhou (China) China USD 180,000 Finproject SpA 100.00 100.00 F.C. Finproject India Pvt Ltd Jaipur (India) India INR 100,000,000 Asian Compounds Ltd 99.00 100.00 F.C. Finproject Asia Ltd 1.00 Finproject Romania Srl Valea Lui Mihai (Romania) Romania RON 67,730 Finproject SpA 100.00 100.00 F.C. Finproject Singapore Pte Ltd Singapore (Singapore) Singapore SGD 100 Finproject Asia Ltd 100.00 100.00 F.C. Finproject Viet Nam Company Limited Hai Phong (Vietnam) Vietnam VND 19,623,250,000 Finproject Asia Ltd 100.00 100.00 F.C. Foam Creations (2008) Inc Quebec City (Canada) Canada CAD 1,215,000 Finproject SpA 100.00 100.00 F.C. Foam Creations México SA de CV León (Mexico) Mexico MXN 19,138,165 Foam Creations (2008) 99.99 100.00 F.C. Finproject SpA (..) Padanaplast America Llc Wilmington (USA) USA USD 70,000 Finproject SpA 100.00 100.00 F.C. Padanaplast Deutschland GmbH Hannover (Germany) Germany EUR 25,000 Finproject SpA 100.00 100.00 F.C. Versalis Americas Inc Dover (USA) USA USD 100,000 Versalis International SA 100.00 100.00 F.C. Versalis Congo Sarlu Pointe-Noire (Republic of the Congo) Republic of the Congo XAF 1,000,000 Versalis International SA 100.00 100.00 F.C. Versalis Deutschland GmbH Eschborn (Germany) Germany EUR 100,000 Versalis SpA 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Versalis France SAS Mardyck (France) France EUR 126,115,582.90 Versalis SpA 100.00 100.00 F.C. Versalis International SA Bruxelles (Belgium) Belgium EUR 15,449,173.88 Versalis SpA 59.00 100.00 F.C. Versalis Deutsch. GmbH 23.71 Dunastyr Zrt 14.43 Versalis France 2.86 Versalis Kimya Ticaret Limited Sirketi Istanbul (Turkey) Turkey TRY 20,000 Versalis International SA 100.00 100.00 F.C. Versalis México S. de RL de CV Mexico City (Mexico) Mexico MXN 1,000 Versalis International SA 99.00 100.00 F.C. Versalis SpA 1.00 Versalis Pacific (India) Private Ltd Mumbai (India) India INR 238,700 Versalis Singapore P. Ltd 99.99 Eq. Third parties (..) Versalis Pacific Trading (Shanghai) Co Ltd Shanghai (China) China CNY 15,237,236 Versalis SpA 100.00 100.00 F.C. Versalis Singapore Pte Ltd Singapor (Singapore) Singapore SGD 80,000 Versalis SpA 100.00 100.00 F.C. Versalis UK Ltd London (United Kingdom) United Kingdom GBP 4,004,042 Versalis SpA 100.00 100.00 F.C. Versalis Zeal Ltd Tokoradi (Ghana) Ghana GHS 5,650,000 Versalis International SA 80.00 80.00 F.C. Third parties 20.00 ( *) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of interests in joint arrangements and associates | REFINING & MARKETING AND CHEMICAL Refining & Marketing IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Arezzo Gas SpA (†) Arezzo Italy EUR 394,000 Ecofuel SpA 50.00 Eq. Third parties 50.00 CePIM Centro Padano Interscambio Merci SpA Fontevivo (PR) Italy EUR 6,642,928.32 Ecofuel SpA 44.78 Eq. Third parties 55.22 Consorzio Operatori GPL di Napoli Napoli Italy EUR 102,000 Ecofuel SpA 25.00 Co. Third parties 75.00 Costiero Gas Livorno SpA (†) Livorno Italy EUR 26,000,000 Ecofuel SpA 65.00 65.00 J.O. Third parties 35.00 Disma SpA Segrate (MI) Italy EUR 2,600,000 Ecofuel SpA 25.00 Eq. Third parties 75.00 Porto Petroli di Genova SpA Genova Italy EUR 2,068,000 Ecofuel SpA 40.50 Eq. Third parties 59.50 Raffineria di Milazzo ScpA (†) Milazzo (ME) Italy EUR 171,143,000 Eni SpA 50.00 50.00 J.O. Third parties 50.00 Seram SpA Fiumicino (RM) Italy EUR 852,000 Eni SpA 25.00 Eq. Third parties 75.00 Sigea Sistema Integrato Genova Arquata SpA Genova Italy EUR 3,326,900 Ecofuel SpA 35.00 Eq. Third parties 65.00 Società Oleodotti Meridionali - SOM SpA (†) Rome Italy EUR 3,085,000 Eni SpA 70.00 Eq. Third parties 30.00 South Italy Green Hydrogen Srl (†) Rome Italy EUR 10,000 Eni SpA 50.00 Eq. Third parties 50.00 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Abu Dhabi Oil Refining Company (TAKREER) Abu Dhabi (United Arab Emirates) United Arab Emirates AED 500,000,000 Eni Abu Dhabi R&T 20.00 Eq. Third parties 80.00 ADNOC Global Trading Ltd Abu Dhabi (United Arab Emirates) United Arab Emirates USD 100,000,000 Eni Abu Dhabi R&T 20.00 Eq. Third parties 80.00 AET - Raffineriebeteiligungsgesellschaft mbH (†) Schwedt (Germany) Germany EUR 27,000 Eni Deutsch. GmbH 33.33 Eq. Third parties 66.67 Bayernoil Raffineriegesellschaft mbH (†) Vohburg (Germany) Germany EUR 10,226,000 Eni Deutsch. GmbH 20.00 20.00 J.O. Third parties 80.00 City Carburoil SA (†) Monteceneri (Switzerland) Switzerland CHF 6,000,000 Eni Suisse SA 49.91 Eq. Third parties 50.09 Egyptian International Gas Technology Co New Cairo (Egypt) Egypt EGP 100,000,000 Eni International BV 40.00 Eq. Third parties 60.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) ENEOS Italsing Pte Ltd Singapore (Singapore) Singapore SGD 12,000,000 Eni International BV 22.50 Eq. Third parties 77.50 Fuelling Aviation Services GIE Tremblay-en-France (France) France EUR 0 Eni France Sàrl 25.00 Co. Third parties 75.00 Mediterranée Bitumes SA Tunis (Tunisia) Tunisia TND 1,000,000 Eni International BV 34.00 Eq. Third parties 66.00 Routex BV Amsterdam (Netherlands) Netherlands EUR 67,500 Eni Sust. Mobility SpA 20.00 (a) Eq. Routex BV 20.00 Third parties 60.00 Saraco SA Meyrin (Switzerland) Switzerland CHF 420,000 Eni Suisse SA 20.00 Co. Third parties 80.00 Supermetanol CA (†) Jose Puerto La Cruz (Venezuela) Venezuela VED 0 Ecofuel SpA 34.51 50.00 (b) J.O. Supermetanol CA 30.07 Third parties 35.42 TBG Tanklager Betriebsgesellschaft GmbH (†) Salzburg (Austria) Austria EUR 43,603.70 Eni Marketing A. GmbH 50.00 Eq. Third parties 50.00 Weat Electronic Datenservice GmbH Düsseldorf (Germany) Germany EUR 409,034 Eni Deutsch. GmbH 20.00 Eq. Third parties 80.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. (a) Controlling interest: Eni Sustainable Mobility SpA 25.00 Third parties 75.00 (b) Equity ratio equal to the Eni's working interest. Chemical IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Brindisi Servizi Generali Scarl Brindisi Italy EUR 1,549,060 Versalis SpA 49.00 Eq. Eni Rewind SpA 20.20 EniPower SpA 8.90 Third parties 21.90 IFM Ferrara ScpA Ferrara Italy EUR 5,304,464 Versalis SpA 19.61 Eq. Eni Rewind SpA 11.51 S.E.F. Srl 10.63 Third parties 58.25 Matrìca SpA (†) Porto Torres (SS) Italy EUR 37,500,000 Versalis SpA 50.00 Eq. Third parties 50.00 Novamont SpA Novara Italy EUR 20,000,000 Versalis SpA 35.00 Eq. Third parties 65.00 Priolo Servizi ScpA Melilli (SR) Italy EUR 28,100,000 Versalis SpA 37.22 Eq. Eni Rewind SpA 5.65 Third parties 57.13 Ravenna Servizi Industriali ScpA Ravenna Italy EUR 5,597,400 Versalis SpA 42.13 Eq. EniPower SpA 30.37 Ecofuel SpA 1.85 Third parties 25.65 Servizi Porto Marghera Scarl Venezia Marghera (VE) EUR 8,695,718 Versalis SpA 48.44 Eq. Eni Rewind SpA 38.39 Third parties 13.17 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Lotte Versalis Elastomers Co Ltd (†) Yeosu (South Korea) South Korea KRW 551,800,000,000 Versalis SpA 50.00 Eq. Third parties 50.00 Versalis Chem-invest Llp (†) Uralsk City (Kazakhstan) Kazakhstan KZT 64,194,000 Versalis International SA 49.00 Eq. Third parties 51.00 VPM Oilfield Specialty Chemicals Llc (†) Abu Dhabi(United Arab Emirates) United Arab Emirates AED 1,000,000 Versalis International SA 49.00 Eq. Third parties 51.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. |
Schedule of detailed information about other significant investments | Refining & Marketing OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) BFS Berlin Fuelling Services GbR Berlin (Germany) Germany EUR 89,199 Eni Deutsch. GmbH 12.50 F.V. Third parties 87.50 Compania de Economia Mixta "Austrogas" Cuenca (Ecuador) Ecuador USD 6,863,493 Eni Ecuador SA 13.38 F.V. Third parties 86.62 Dépôt Pétrolier de la Côte d’Azur SAS Nanterre (France) France EUR 207,500 Eni France Sàrl 18.00 F.V. Third parties 82.00 Dépôts Pétroliers de Fos SA Fos-Sur-Mer (France) France EUR 3,954,196.40 Eni France Sàrl 16.81 F.V. Third parties 83.19 Joint Inspection Group Ltd Cambourne (United Kingdom) United Kingdom GBP 0 (a) Eni SpA 12.50 F.V. Third parties 87.50 Saudi European Petrochemical Co "IBN ZAHR" Al Jubail (Saudi Arabia) Saudi Arabia SAR 1,200,000,000 Ecofuel SpA 10.00 F.V. Third parties 90.00 S.I.P.G. Société Immobilière Pétrolière de Gestion Snc Tremblay-en- France (France) France EUR 40,000 Eni France Sàrl 12.50 F.V. Third parties 87.50 Sistema Integrado de Gestion de Aceites Usados Madrid (Spain) Spain EUR 175,713 Eni Iberia SLU 15.45 F.V. Third parties 84.55 Tanklager Gesellschaft Tegel (TGT) GbR Hamburg (Germany) Germany EUR 4,953 Eni Deutsch. GmbH 12.50 F.V. Third parties 87.50 TAR - Tankanlage Ruemlang AG Ruemlang (Switzerland) Switzerland CHF 3,259,500 Eni Suisse SA 16.27 F.V. Third parties 83.73 Tema Lube Oil Co Ltd Accra (Ghana) Ghana GHS 258,309 Eni International BV 12.00 F.V. Third parties 88.00 (*) 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. |
Plenitude & Power | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | PLENITUDE & POWER Plenitude IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutatio method (*) 4Energia Srl Milan Italy EUR 400,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Agrikroton Srl - Società Agricola Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Be Charge Srl Milan Italy EUR 500,000 Be Power SpA 100.00 100.00 F.C. Be Charge Valle d'Aosta Srl Milan Italy EUR 10,000 Be Charge Srl 100.00 100.00 F.C. Be Power SpA Milan Italy EUR 698,251 Eni Plenitude SpA SB 99.19 (a) 100.00 F.C. Third parties 0.81 Borgia Wind Srl Cesena (FC) Italy EUR 100,000 PLT Wind 2020 100.00 100.00 F.C. CEF 3 Wind Energy SpA Milan Italy EUR 101,000 Eni New Energy SpA 100.00 100.00 F.C. CGDB Enrico Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. CGDB Laerte Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Corridonia Energia Srl Cesena (FC) Italy EUR 20,000 SEF Srl 100.00 100.00 F.C. Dynamica Srl Cesena (FC) Italy EUR 50,000 PLT Wind 2022 100.00 100.00 F.C. Ecoener Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. Elettro Sannio Wind 2 Srl Cesena (FC) Italy EUR 1,225,000 PLT Wind 2022 100.00 100.00 F.C. Enerkall Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. Eni New Energy SpA San Donato Milanese (MI) Italy EUR 9,296,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude SpA Società Benefit (former Eni gas e luce SpA Società Benefit) San Donato Milanese (MI) Italy EUR 770,000,000 Eni SpA 100.00 100.00 F.C. Eolica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 PLT Energia Srl 100.00 100.00 F.C. Eolica Wind Power Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2022 100.00 100.00 F.C. Eolo Energie - Corleone - Campofiorito Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2020 100.00 100.00 F.C. Evolvere SpA Società Benefit Milan Italy EUR 1,130,000 Eni Plenitude SpA SB 70.52 70.52 F.C. Third parties 29.48 Evolvere Venture SpA Milan Italy EUR 50,000 Evolvere SpA Soc.Ben. 100.00 70.52 F.C. Faren Srl Cesena (FC) Italy EUR 10,000 SEF Green Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni Plenitude SpA SB 100.00 Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) FAS Srl Cesena (FC) Italy EUR 119,000 PLT Energia Srl 100.00 100.00 F.C. Finpower Wind Srl Milan Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Fotovoltaica Pietramontecorvino Srl Cesena (FC) Italy EUR 100,000 SEF Srl 100.00 100.00 F.C. FV4P Srl Forlì (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Gemsa Solar Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. GPC Uno Srl Cesena (FC) Italy EUR 25,000 SEF Srl 100.00 100.00 F.C. GPC Due Srl Cesena (FC) Italy EUR 12,000 SEF Srl 100.00 100.00 F.C. Green Parity Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. Lugo Società Agricola Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Lugo Solar Tech Srl Cesena (FC) Italy EUR 100,000 SEF Solar Srl 100.00 100.00 F.C. Marano Solar Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Marano Solare Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Marcellinara Wind Srl Cesena (FC) Italy EUR 35,000 PLT Wind 2022 100.00 100.00 F.C. Micropower Srl Cesena (FC) Italy EUR 30,000 PLT Wind 2020 100.00 100.00 F.C. Molinetto Srl Cesena (FC) Italy EUR 10,000 Faren Srl 100.00 100.00 F.C. Montefano Energia Srl Cesena (FC) Italy EUR 20,000 SEF Srl 100.00 100.00 F.C. Monte San Giusto Solar Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Olivadi Srl Cesena (FC) Italy EUR 100,000 PLT Wind 2020 100.00 100.00 F.C. Parco Eolico di Tursi e Colobraro Srl Cesena (FC) Italy EUR 31,000 PLT Wind 2022 100.00 100.00 F.C. Pescina Wind Srl Cesena (FC) Italy EUR 50,000 PLT Wind 2020 100.00 100.00 F.C. Pieve5 Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. PLT Energia Srl Cesena (FC) Italy EUR 3,865,474 Eni New Energy SpA 100.00 100.00 F.C. PLT Engineering Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. PLT Puregreen SpA Cesena (FC) Italy EUR 500,000 PLT Energia Srl 100.00 100.00 F.C. PLT Wind 2020 Srl Cesena (FC) Italy EUR 1,000,000 PLT Energia Srl 100.00 100.00 F.C. PLT Wind 2022 SpA Cesena (FC) Italy EUR 1,000,000 PLT Energia Srl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Pollenza Sole Srl Cesena (FC) Italy EUR 32,500 SEF Srl 100.00 100.00 F.C. Ravenna 1 FTV Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. RF-AVIO Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. RF-Cavallerizza Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Ruggiero Wind Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. SAV - Santa Maria Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2022 100.00 100.00 F.C. SEA SpA L'Aquila Italy EUR 100,000 Eni Plenitude SpA SB 100.00 100.00 F.C. SEF Green Srl Cesena (FC) Italy EUR 500 SEF Srl 100.00 100.00 F.C. SEF Miniwind Srl Cesena (FC) Italy EUR 50,000 SEF Srl 100.00 100.00 F.C. SEF Solar Abruzzo Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. SEF Solar II Srl Cesena (FC) Italy EUR 1,000 SEF Srl 100.00 100.00 F.C. SEF Solar Srl Cesena (FC) Italy EUR 120,000 SEF Srl 100.00 100.00 F.C. SEF Srl Cesena (FC) Italy EUR 25,000 Eni New Energy SpA 100.00 100.00 F.C. Società Agricola Agricentro Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Società Agricola Casemurate Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Società Agricola Forestale Pianura Verde Srl Cesena (FC) Italy EUR 100,000 Soc. Agr. Agricentro Srl 100.00 100.00 F.C. Società Agricola Isola d'Agri Srl Cesena (FC) Italy EUR 10,000 SEF Solar Srl 100.00 100.00 F.C. Società Agricola L'Albero Azzurro Srl Cesena (FC) Italy EUR 100,000 Soc . . 100.00 100.00 F.C. Società Agricola SEF Bio Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. Società Energie Rinnovabili 1 SpA Rome Italy EUR 120,000 SER SpA 96.00 100.00 F.C. CEF 3 4.00 Società Energie Rinnovabili SpA Palermo Italy EUR 121,636 CEF 3 100.00 100.00 F.C. Timpe Muzzunetti 2 Srl Cesena (FC) Italy EUR 2,500 PLT Energia Srl 70.00 70.00 F.C. Third parties 30.00 Vivaro FTV Srl Cesena (FC) Italy EUR 10,000 SEF Srl 100.00 100.00 F.C. VRG Wind 127 Srl Cesena (FC) Italy EUR 10,000 PLT Energia Srl 100.00 100.00 F.C. VRG Wind 149 Srl Cesena (FC) Italy EUR 10,000 PLT Wind 2022 SpA 100.00 100.00 F.C. W-Energy Srl Cesena (FC) Italy EUR 93,000 PLT Energia Srl 100.00 100.00 F.C. (*) Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Wind Park Laterza Srl San Donato Milanese (MI) Italy EUR 10,000 Eni New Energy SpA 100.00 100.00 F.C. Wind Salandra Srl Cesena (FC) Italy EUR 100,000 PLT Wind 2020 Srl 100.00 100.00 F.C. Windsol Srl Cesena (FC) Italy EUR 3,250,000 PLT Wind 2020 100.00 100.00 F.C. Wind Turbines Engineering 2 Srl Cesena (FC) Italy EUR 5,450,000 PLT Wind 2020 Srl 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana Ljubljana (Slovenia) Slovenia EUR 12,956,935 Eni Plenitude SpA SB 51.00 51.00 F.C. Third parties 49.00 Aleria Solar SAS Bastia (France) France EUR 100 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Alpinia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Anberia Invest SLU Madrid (Spain) Spain EUR 3,000 PLT Eng. Spagna SLU 100.00 100.00 F.C. Argon SAS Argenteuil (France) France EUR 180,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Arm Wind Llp Astana (Kazakhstan) Kazakhstan KZT 19,069,100,000 Eni Energy Solutions BV 100.00 100.00 F.C. Athies-Samoussy Solar PV1 SAS Argenteuil (France) France EUR 68,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV2 SAS Argenteuil (France) France EUR 40,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV3 SAS Argenteuil (France) France EUR 36,000 Krypton SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV4 SAS Argenteuil (France) France EUR 14,000 Xenon SAS 100.00 100.00 F.C. Athies-Samoussy Solar PV5 SAS Argenteuil (France) France EUR 14,000 Xenon SAS 100.00 100.00 F.C. Belle Magiocche Solaire SAS Bastia (France) France EUR 10,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Bonete Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Brazoria Class B Member Llc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 100.00 F.C. Brazoria County Solar Project Llc Dover (USA) USA USD 1,000 Brazoria HoldCo Llc 100.00 89.27 F.C. Brazoria HoldCo Llc Dover (USA) USA USD 206,355,897.15 Brazoria Class B 89.27 89.27 F.C. Third parties 10.73 Camelia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Celtis Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation metho (*) Corazon Energy Class B Llc Dover (USA) USA USD 100 Eni New Energy US Inc 100.00 100.00 F.C. Corazon Energy Llc Dover (USA) USA USD 100 Corazon Tax Eq. Part. Llc 100.00 91.74 F.C. Corazon Energy Services Llc Dover (USA) USA USD 100 Eni New Energy US Inc 100.00 100.00 F.C. Corazon Tax Equity Partnership Llc Dover (USA) USA USD 199,142,207.16 Corazon En. Class B Llc 91.74 91.74 F.C. Third parties 8.26 Corlinter 5000 SLU Madrid (Spain) Spain EUR 3,000 PLT Eng. Spagna SLU 100.00 100.00 F.C. Desarrollos Empresariales Illas SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Desarrollos Energéticos Riojanos SL Villarcayo de Merindad de Castilla la Vieja (Spain) Spain EUR 876,042 Eni Plenitude SpA SB 60.00 100.00 F.C. Energías Amb. Outes 40.00 Ecovent Parc Eolic SAU Madrid (Spain) Spain EUR 1,037,350 Eni Plenitude SpA SB 100.00 100.00 F.C. Ekain Renovables SLU Madrid (Spain) Spain EUR 3,000 PLT Eng. Spagna SLU 100.00 100.00 F.C. Energía Eólica Boreas SLU Madrid (Spain) Spain EUR 3,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Energías Ambientales de Outes SLU Madrid (Spain) Spain EUR 643,451.49 Eni Plenitude SpA SB 100.00 100.00 F.C. Energías Alternativas Eolicas Riojanas SL Logroño (Spain) Spain EUR 2,008,901.71 Eni Plenitude SpA SB 57.50 100.00 F.C. Desarrollos Energéticos 42.50 Eni Energy Solutions BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Gas & Power France SA Levallois Perret (France) France EUR 239,500,800 Eni Plenitude SpA SB 99.99 100.00 F.C. Third parties ( .. Eni New Energy Australia Pty Ltd Perth (Australia) Australia AUD 4 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni New Energy Batchelor Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy Katherine Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy Manton Dam Pty Ltd Perth (Australia) Australia AUD 1 Eni New En. Aus. Pty Ltd 100.00 100.00 F.C. Eni New Energy US Holding Llc Dover (USA) USA USD 100 Eni New Energy US Inc 99.00 100.00 F.C. Eni New Energy US Inv. Inc 1.00 Eni New Energy US Inc Dover (USA) USA USD 100 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni New Energy US Investing Inc Dover (USA) USA USD 1,000 Eni New Energy US Inc 100.00 100.00 F.C. Eni Plenitude Iberia SLU (former Aldro Energía y Soluciones SLU) Santander (Spain) Spain EUR 3,192,000 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Operations France SAS (former Dhamma Energy SAS) Argenteuil (France) France EUR 1,116,489.72 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Renewables France SAS (former Dhamma Energy Development SAS) Argenteuil (France) France EUR 51,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Plenitude Renewables Hellas Single Member SA Athens (Greece) Greece EUR 627,464 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Renewables Luxembourg Sàrl (former Dhamma Energy Group Sàrl) Dudelange (Luxembourg) Luxembourg EUR 10,253,560 Eni Plenitude SpA SB 100.00 100.00 F.C. Eni Plenitude Renewables Spain SLU (former Dhamma Energy Management SLU) Madrid (Spain) Spain EUR 6,680 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eni Plenitude Rooftop France SAS (former Dhamma Energy Rooftop SAS) Argenteuil (France) France EUR 40,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Eolica Cuellar de la Sierra SLU Madrid (Spain) Spain EUR 110,999.77 PLT Spagna SL 100.00 51.00 F.C. Estanque Redondo Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Fotovoltaica Escudero SLU Valencia (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Gas Supply Company Thessaloniki-Thessalia SA Thessaloniki (Greece) Greece EUR 13,761,788 Eni Plenitude SpA SB 100.00 100.00 F.C. Guajillo Energy Storage Llc Dover (USA) USA USD 100 Eni New Energy US H. Llc 100.00 100.00 F.C. Guilleus Consulting SLU Madrid (Spain) Spain EUR 3,000 PLT Eng. Spagna SLU 100.00 100.00 F.C. Holding Lanas Solar Sàrl Argenteuil (France) France EUR 100 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Inveese SAS Bogotà (Colombia) Colombia COP 100,000,000 PLT Colombia SAS 75.00 38.25 F.C. Third parties 25.00 Ixia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Krypton SAS Argenteuil (France) France EUR 180,000 Eni Plen. Op. Fr. SAS 100.00 100.00 F.C. Lanas Solar SAS Argenteuil (France) France EUR 100 Holding Lanas Solar Sàrl 100.00 100.00 F.C. Membrio Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Miburia Trade SLU Madrid (Spain) Spain EUR 3,000 PLT Eng. Spagna SLU 100.00 100.00 F.C. Olea Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Opalo Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Pistacia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. PLT Colombia SAS Bogotà (Colombia) Colombia COP 510,840,000 PLT Energia Srl 51.00 51.00 F.C. Third parties 49.00 PLT Engineering Colombia SAS Bogotà (Colombia) Colombia COP 1,000,000 PLT Engineering Srl 60.00 60.00 F.C. Third parties 40.00 PLT Engineering Romania Srl Cluj-Napoca (Romania) Romania RON 4,400 PLT Engineering Srl 95.00 100.00 F.C. Micropower Srl 5.00 PLT Engineering Spagna SLU Madrid (Spain) Spain EUR 3,000 PLT Engineering Srl 100.00 100.00 F.C. PLT Spagna SL Madrid (Spain) Spain EUR 100,000 PLT Energia Srl 51.00 51.00 F.C. Third parties 49.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) POP Solar SAS Argenteuil (France) France EUR 1,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Punes Trade SLU Madrid (Spain) Spain EUR 3,000 PLT Eng. Spagna SLU 100.00 100.00 F.C. SKGRPV1 Single Member Private Company Athens (Greece) Greece EUR 14,600 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV2 Single Member Private Company Athens (Greece) Greece EUR 14,600 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV3 Single Member Private Company Athens (Greece) Greece EUR 14,600 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV4 Single Member Private Company Athens (Greece) Greece EUR 13,600 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV5 Single Member Private Company Athens (Greece) Greece EUR 13,600 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV6 Single Member Private Company Athens (Greece) Greece EUR 19,300 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV7 Single Member Private Company Athens (Greece) Greece EUR 31,000 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV8 Single Member Private Company Athens (Greece) Greece EUR 19,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV9 Single Member Private Company Athens (Greece) Greece EUR 19,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV10 Single Member Private Company Athens (Greece) Greece EUR 18,800 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV11 Single Member Private Company Athens (Greece) Greece EUR 25,300 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV12 Single Member Private Company Athens (Greece) Greece EUR 19,000 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV13 Single Member Private Company Athens (Greece) Greece EUR 30,900 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV14 Single Member Private Company Athens (Greece) Greece EUR 39,900 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV15 Single Member Private Company Athens (Greece) Greece EUR 19,000 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV16 Single Member Private Company Athens (Greece) Greece EUR 19,000 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV17 Single Member Private Company Athens (Greece) Greece EUR 10,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV18 Single Member Private Company Athens (Greece) Greece EUR 5,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV19 Single Member Private Company Athens(Greece) Greece EUR 12,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. SKGRPV20 Single Member Private Company Athens (Greece) Greece EUR 12,200 Eni Plen. Renew. Hellas 100.00 100.00 F.C. Tebar Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. Xenon SAS Argenteuil (France) France EUR 1,500,100 Eni Plen. Op. Fr. SAS 0.01 (a) 100.00 F.C. Third parties 99.99 Zinnia Solar SLU Madrid (Spain) Spain EUR 3,000 Eni Plen. Ren. Lux. Sàrl 100.00 100.00 F.C. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (a) Controlling interest: Eni Plenitude Operations France SAS 100.00 Power IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) EniPower Mantova SpA San Donato Milanese (MI) Italy EUR 144,000,000 EniPower SpA 86.50 44.12 F.C. Third parties 13.50 EniPower SpA San Donato Milanese (MI) Italy EUR 200,000,000 Eni SpA 51.00 51.00 F.C. Third parties 49.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. |
Schedule of interests in joint arrangements and associates | PLENITUDE & POWER Plenitude IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Bettercity SpA Bergamo Italy EUR 50,000 Eni Plenitude SpA SB 50.00 Eq. Third parties 50.00 E-Prosume Srl (†) (in liquidation) Milan Italy EUR 100,000 Evolvere Venture SpA 50.00 Eq. Third parties 50.00 Evogy Srl Società Benefit Seriate (BG) Italy EUR 11,785.71 Evolvere Venture SpA 45.45 Eq. Third parties 54.55 GreenIT SpA (†) San Donato Milanese (MI) Italy EUR 50,000 Eni Plenitude SpA SB 51.00 Eq. Third parties 49.00 Hergo Renewables SpA (†) Milan Italy EUR 50,000 Eni Plenitude SpA SB 65.00 Eq. Third parties 35.00 Renewable Dispatching Srl Milan Italy EUR 200,000 Evolvere Venture SpA 40.00 Eq. Third parties 60.00 Siel Agrisolare Srl (†) Cesena (FC) Italy EUR 10,000 SEF Srl 51.00 Eq. Third parties 49.00 Tate Srl Bologna Italy EUR 408,509.29 Evolvere Venture SpA 36.00 Eq. Third parties 64.00 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutationbmethod (*) Bluebell Solar Class A Holdings II Llc Wilmington (USA) USA USD 82,351,634 Eni New Energy US Inc 99.00 Eq. Third parties 1.00 Clarensac Solar SAS Meyreuil (France) France EUR 25,000 Eni Plen. Op. Fr. SAS 40.00 Eq. Third parties 60.00 Enera Conseil SAS (†) Clichy (France) France EUR 9,690 Eni G&P France SA 51.00 Eq. Third parties 49.00 EnerOcean SL (†) Malaga (Spain) Spain EUR 409,784 Eni Plenitude SpA SB 25.00 Eq. Third parties 75.00 Novis Renewables Holdings Llc Wilmington (USA) USA USD 100 Eni New Energy US Inc 49.00 Eq. Third parties 51.00 Novis Renewables Llc (†) Wilmington (USA) USA USD 100 Eni New Energy US Inc 50.00 Eq. Third parties 50.00 POW - Polish Offshore Wind-Co Sp zoo (†) Warsaw (Poland) Poland PLN 5,000 Eni En. Solutions BV 95.00 Eq. Third parties 5.00 Vårgrønn AS (†) Stavanger (Norway) Norway NOK 400,000 Eni En. Solutions BV 65.00 Eq. Third parties 35.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (†) Jointly controlled entity. Power IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Società EniPower Ferrara Srl (†) San Donato Milanese (MI) Italy EUR 140,000,000 EniPower SpA 51.00 26.01 J.O. Third parties 49.00 |
Corporate and Other activities | |
Disclosure of detailed information about investments | |
Schedule of subsidiaries | Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Agenzia Giornalistica Italia SpA Rome Italy EUR 2,000,000 Eni SpA 100.00 100.00 F.C. D-Share SpA Milan Italy EUR 121,719.25 AGI SpA 100.00 100.00 F.C. Eni Corporate University SpA San Donato Milanese (MI) Italy EUR 3,360,000 Eni SpA 100.00 100.00 F.C. Eni Energia Italia Srl San Donato Milanese (MI) Italy EUR 50,000 Eni SpA 100.00 Co. Eni Trading & Shipping SpA (in liquidation) Rome Italy EUR 334,171 Eni SpA 100.00 Co. EniProgetti SpA Venezia Marghera (VE) Italy EUR 2,064,000 Eni SpA 100.00 100.00 F.C. Eni Servizi SpA San Donato Milanese (MI) Italy EUR 13,427,419.08 Eni SpA 100.00 100.00 F.C. Eniverse Ventures Srl (former Eni Nuova Energia Srl) San Donato Milanese (MI) Italy EUR 50,000 Eni SpA 100.00 Co. Serfactoring SpA (in liquidation) San Donato Milanese (MI) Italy EUR 5,160,000 Eni SpA 100.00 100.00 F.C. Servizi Aerei SpA San Donato Milanese (MI) Italy EUR 48,205,536 Eni SpA 100.00 100.00 F.C. OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Banque Eni SA Bruxelles (Belgium) Belgium EUR 50,000,000 Eni International BV 99.90 100.00 F.C. Eni Oil Holdings BV 0.10 Eni Finance International SA Bruxelles (Belgium) Belgium USD 1,480,365,336 Eni International BV 66.39 100.00 F.C. Eni SpA 33.61 Eni Finance USA Inc Dover (USA) USA USD 2,500,000 Eni Petroleum Co Inc 100.00 100.00 F.C. Eni Insurance DAC Dublin (Ireland) Ireland EUR 500,000,000 Eni SpA 100.00 100.00 F.C. Eni International BV Amsterdam (Netherlands) Netherlands EUR 641,683,425 Eni SpA 100.00 100.00 F.C. Eni International Resources Ltd London (United Kingdom) United Kingdom GBP 50,000 Eni SpA 99.99 100.00 F.C. Eni UK Ltd (..) Eni Next Llc Dover (USA) USA USD 100 Eni Petroleum Co Inc 100.00 100.00 F.C. EniProgetti Egypt Ltd Cairo (Egypt) Egypt EGP 50,000 EniProgetti SpA 99.00 Eq. Eni SpA 1.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. Other activities IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Rewind SpA San Donato Milanese (MI) Italy EUR 101,950,844.46 Eni SpA 99.99 100.00 F.C. Third parties (..) Industria Siciliana Acido Fosforico - ISAF - SpA (in liquidation) Gela (CL) Italy EUR 1,300,000 Eni Rewind SpA 52.00 Eq. Third parties 48.00 OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Eni Rewind International BV Amsterdam (Netherlands) Netherlands EUR 20,000 Eni International BV 100.00 Eq. Oleodotto del Reno SA Coira (Switzerland) Switzerland CHF 1,550,000 Eni Rewind SpA 100.00 Eq. (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value |
Schedule of interests in joint arrangements and associates | CORPORATE AND OTHER ACTIVITIES Corporate and financial companies IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership % Equity ratio Consolidation or valutation method (*) Consorzio per l'attuazione del Progetto Divertor Tokamak Test DTT Scarl (†) Frascati (RM) Italy EUR Eni SpA 25.00 Co. Third parties 75.00 Saipem SpA (#) (†) Milan Italy EUR Eni SpA 31.19 (a) Eq. Saipem SpA 0.02 Third parties 68.79 (*) 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: Eni SpA 31.20 Third parties 68.80 |
Schedule of detailed information about other significant investments | Corporate and financial companies OUTSIDE ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) New Energy One Acquisition Corporation Plc (#) London (United Kingdom) United Kingdom GBP 71,875 Eni International BV 3.92 F.V. Third parties 96.08 Other activities IN ITALY Company name Registered office Country of operation Currency Share Capital Shareholders % Ownership Consolidation or valutation method (*) Ottana Sviluppo ScpA (in bankruptcy) Nuoro Italy EUR Eni Rewind SpA 30.00 F.V. Third parties 70.00 (*) F.C. = full consolidation, J.O. = joint operation, Eq. = equity-accounted, Co. = valued at cost, F.V. = valued at fair value. (#) Company with shares quoted on regulated market of extra-EU countries. |
Significant accounting polici_4
Significant accounting policies, estimates and judgements - Currency (Details) | 12 Months Ended | ||||||||||||||
Dec. 31, 2022 € / $ | Dec. 31, 2022 € / $ € / £ | Dec. 31, 2022 € / $ € / $ | Dec. 31, 2021 € / $ | Dec. 31, 2021 € / $ € / £ | Dec. 31, 2021 € / $ € / $ | Dec. 31, 2020 € / $ | Dec. 31, 2020 € / $ € / £ | Dec. 31, 2020 € / $ € / $ | Dec. 31, 2022 € / £ | Dec. 31, 2022 € / $ | Dec. 31, 2021 € / £ | Dec. 31, 2021 € / $ | Dec. 31, 2020 € / £ | Dec. 31, 2020 € / $ | |
Significant accounting policies, estimates and judgements | |||||||||||||||
Annual average exchange rate | 1.05 | 0.85 | 1.52 | 1.18 | 0.86 | 1.57 | 1.14 | 0.89 | 1.66 | ||||||
Exchange rate | 1.07 | 1.07 | 1.07 | 1.13 | 1.13 | 1.13 | 1.23 | 1.23 | 1.23 | 0.89 | 1.57 | 0.84 | 1.56 | 0.9 | 1.59 |
Significant accounting polici_5
Significant accounting policies, estimates and judgements - Additional information (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Significant accounting policies, estimates and judgements | |
Period of capitalisation of costs directly associated with exploration well after drilling is completed | 12 months |
Number of days past due for financial asset to be considered in default | 180 days |
IFRSs not yet adopted - carryin
IFRSs not yet adopted - carrying amount of the net assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Change in classification | |||
Cash and cash equivalents | € 10,155 | € 8,254 | |
Other current assets | 12,821 | 13,634 | |
Property, plant and equipment | 56,332 | 56,299 | € 53,943 |
Other non-current assets | 2,236 | 1,029 | |
Non-current assets | 90,269 | 79,888 | |
TOTAL ASSETS | 152,130 | 137,765 | |
Current financial liabilities | 8,427 | 5,028 | |
Other current liabilities | 12,473 | 15,756 | |
Non-current financial liabilities | 23,441 | 28,103 | |
Other non-current liabilities | 3,234 | 2,246 | |
Non-current liabilities | 48,075 | 49,970 | |
TOTAL LIABILITIES | € 96,900 | € 93,246 |
Business combinations and oth_3
Business combinations and other significant transactions - Balance sheet values at the acquisition date of the business combinations (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2020 |
Business combinations and other significant transactions | ||
Cash and cash equivalents | € 31 | |
Current financial assets | 11 | |
Other current assets | 147 | € 15 |
Current assets | 189 | |
Property, plant and equipement | 1,472 | |
Goodwill | 482 | |
Other non-current assets | 509 | |
Non-current assets | 2,463 | 193 |
TOTAL ASSETS | 2,652 | |
Current financial liabilities | 86 | |
Other current liabilities | 171 | |
Current liabilities | 257 | |
Non-current financial liabilities | 497 | |
Provisions | 14 | |
Deferred tax liabilities | 78 | |
Other non-current liabilities | 103 | |
Non-current liabilities | 692 | |
TOTAL LIABILITIES | 949 | |
Equity attributable to Eni | 1,688 | |
Non-controlling interests | (15) | € (15) |
TOTAL EQUITY | 1,703 | |
TOTAL LIABILITIES AND EQUITY | 2,652 | |
SKGR Energy Single Member SA | ||
Business combinations and other significant transactions | ||
Goodwill | 52 | |
Non-current assets | 52 | |
TOTAL ASSETS | 52 | |
Non-current financial liabilities | 1 | |
Non-current liabilities | 1 | |
TOTAL LIABILITIES | 1 | |
Equity attributable to Eni | 51 | |
TOTAL EQUITY | 51 | |
TOTAL LIABILITIES AND EQUITY | 52 | |
Corazon I / Guajillo | ||
Business combinations and other significant transactions | ||
Cash and cash equivalents | 2 | |
Other current assets | 1 | |
Current assets | 3 | |
Property, plant and equipement | 189 | |
Other non-current assets | 45 | |
Non-current assets | 234 | |
TOTAL ASSETS | 237 | |
Current financial liabilities | 3 | |
Other current liabilities | 1 | |
Current liabilities | 4 | |
Non-current financial liabilities | 87 | |
Provisions | 7 | |
Other non-current liabilities | 3 | |
Non-current liabilities | 97 | |
TOTAL LIABILITIES | 101 | |
Equity attributable to Eni | 121 | |
Non-controlling interests | (15) | |
TOTAL EQUITY | 136 | |
TOTAL LIABILITIES AND EQUITY | 237 | |
Energia Eolica Boreas SLU | ||
Business combinations and other significant transactions | ||
Cash and cash equivalents | 12 | |
Other current assets | 1 | |
Current assets | 13 | |
Property, plant and equipement | 100 | |
Goodwill | 18 | |
Other non-current assets | 157 | |
Non-current assets | 275 | |
TOTAL ASSETS | 288 | |
Current financial liabilities | 4 | |
Current liabilities | 4 | |
Non-current financial liabilities | 67 | |
Deferred tax liabilities | 15 | |
Other non-current liabilities | 99 | |
Non-current liabilities | 181 | |
TOTAL LIABILITIES | 185 | |
Equity attributable to Eni | 103 | |
TOTAL EQUITY | 103 | |
TOTAL LIABILITIES AND EQUITY | 288 | |
Export LNG Ltd | ||
Business combinations and other significant transactions | ||
Property, plant and equipement | 650 | |
Non-current assets | 650 | |
TOTAL ASSETS | 650 | |
Other current liabilities | 3 | |
Current liabilities | 3 | |
TOTAL LIABILITIES | 3 | |
Equity attributable to Eni | 647 | |
TOTAL EQUITY | 647 | |
TOTAL LIABILITIES AND EQUITY | 650 | |
PLT Energia Srl and SEF Srl | ||
Business combinations and other significant transactions | ||
Cash and cash equivalents | 17 | |
Current financial assets | 11 | |
Other current assets | 145 | |
Current assets | 173 | |
Property, plant and equipement | 532 | |
Goodwill | 412 | |
Other non-current assets | 288 | |
Non-current assets | 1,232 | |
TOTAL ASSETS | 1,405 | |
Current financial liabilities | 79 | |
Other current liabilities | 166 | |
Current liabilities | 245 | |
Non-current financial liabilities | 339 | |
Provisions | 7 | |
Deferred tax liabilities | 63 | |
Other non-current liabilities | 1 | |
Non-current liabilities | 410 | |
TOTAL LIABILITIES | 655 | |
Equity attributable to Eni | 750 | |
TOTAL EQUITY | 750 | |
TOTAL LIABILITIES AND EQUITY | 1,405 | |
Other Acquisitions And Businesses | ||
Business combinations and other significant transactions | ||
Property, plant and equipement | 1 | |
Other non-current assets | 19 | |
Non-current assets | 20 | |
TOTAL ASSETS | 20 | |
Other current liabilities | 1 | |
Current liabilities | 1 | |
Non-current financial liabilities | 3 | |
Non-current liabilities | 3 | |
TOTAL LIABILITIES | 4 | |
Equity attributable to Eni | 16 | |
TOTAL EQUITY | 16 | |
TOTAL LIABILITIES AND EQUITY | € 20 |
Business combinations and oth_4
Business combinations and other significant transactions - Balance sheet values of the divestments (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Business combinations and other significant transactions | |
Cash and cash equivalents | € 70 |
Current financial assets | 221 |
Other current assets | 1,377 |
Current assets | 1,668 |
Property, plant and equipment | 4,368 |
Other non-current assets | 4,250 |
Non-current assets | 8,618 |
TOTAL ASSETS | 10,286 |
Current financial liabilities | 475 |
Other current liabilities | 1,051 |
Current liabilities | 1,526 |
Non-current financial liabilities | 1,901 |
Provisions | 707 |
Deferred tax liabilities | 528 |
Other non-current liabilities | 65 |
Non-current liabilities | 3,201 |
TOTAL LIABILITIES | 4,727 |
Equity attributable to Eni | 5,559 |
TOTAL EQUITY | 5,559 |
TOTAL LIABILITIES AND EQUITY | 10,286 |
Azule Energy Holdings Ltd | |
Business combinations and other significant transactions | |
Cash and cash equivalents | 35 |
Current financial assets | 221 |
Other current assets | 1,266 |
Current assets | 1,522 |
Property, plant and equipment | 4,358 |
Other non-current assets | 3,512 |
Non-current assets | 7,870 |
TOTAL ASSETS | 9,392 |
Current financial liabilities | 302 |
Other current liabilities | 990 |
Current liabilities | 1,292 |
Non-current financial liabilities | 1,710 |
Provisions | 632 |
Deferred tax liabilities | 528 |
Other non-current liabilities | 47 |
Non-current liabilities | 2,917 |
TOTAL LIABILITIES | 4,209 |
Equity attributable to Eni | 5,183 |
TOTAL EQUITY | 5,183 |
TOTAL LIABILITIES AND EQUITY | 9,392 |
Vårgrønn AS | |
Business combinations and other significant transactions | |
Other non-current assets | 731 |
Non-current assets | 731 |
TOTAL ASSETS | 731 |
Current financial liabilities | 173 |
Current liabilities | 173 |
Non-current financial liabilities | 190 |
Non-current liabilities | 190 |
TOTAL LIABILITIES | 363 |
Equity attributable to Eni | 368 |
TOTAL EQUITY | 368 |
TOTAL LIABILITIES AND EQUITY | 731 |
Assets in Pakistan | |
Business combinations and other significant transactions | |
Cash and cash equivalents | 28 |
Other current assets | 106 |
Current assets | 134 |
Property, plant and equipment | 9 |
Other non-current assets | 7 |
Non-current assets | 16 |
TOTAL ASSETS | 150 |
Other current liabilities | 58 |
Current liabilities | 58 |
Non-current financial liabilities | 1 |
Provisions | 75 |
Other non-current liabilities | 17 |
Non-current liabilities | 93 |
TOTAL LIABILITIES | 151 |
Equity attributable to Eni | (1) |
TOTAL EQUITY | (1) |
TOTAL LIABILITIES AND EQUITY | 150 |
Other divestments | |
Business combinations and other significant transactions | |
Cash and cash equivalents | 7 |
Other current assets | 5 |
Current assets | 12 |
Property, plant and equipment | 1 |
Non-current assets | 1 |
TOTAL ASSETS | 13 |
Other current liabilities | 3 |
Current liabilities | 3 |
Other non-current liabilities | 1 |
Non-current liabilities | 1 |
TOTAL LIABILITIES | 4 |
Equity attributable to Eni | 9 |
TOTAL EQUITY | 9 |
TOTAL LIABILITIES AND EQUITY | € 13 |
Business combinations and oth_5
Business combinations and other significant transactions - Acquisitions - Additional Information (Details) € in Millions, m³ / d in Millions, Tonnes / yr in Millions, m³ / yr in Billions | 12 Months Ended | |||||||||
Dec. 29, 2022 EUR (€) MW | Aug. 26, 2022 Tonnes / yr | Aug. 26, 2022 m³ / d | Aug. 26, 2022 m³ / yr | Aug. 04, 2022 EUR (€) MW | Feb. 18, 2022 EUR (€) MW | Jan. 12, 2022 EUR (€) MW | Dec. 31, 2021 EUR (€) | Dec. 31, 2022 EUR (€) | Dec. 31, 2020 EUR (€) | |
Business combinations and other significant transactions | ||||||||||
Consideration | € 1,667 | € 112 | ||||||||
Net financial liabilities | 541 | |||||||||
Cash and cash equivalents | 31 | |||||||||
Goodwill | 482 | |||||||||
SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA) | ||||||||||
Business combinations and other significant transactions | ||||||||||
Goodwill | 52 | |||||||||
SKGR Energy Single Member SA (now Eni Plenitude Renewables Hellas Single Member SA) | Greece | Plenitude | ||||||||||
Business combinations and other significant transactions | ||||||||||
Net financial liabilities | € 1 | |||||||||
Power generating capacity, existing or in advanced development | MW | 800 | |||||||||
Cash consideration | € 51 | |||||||||
Goodwill | € 52 | |||||||||
Equity interest acquired (as a percent) | 100% | |||||||||
Corazon I / Guajillo | ||||||||||
Business combinations and other significant transactions | ||||||||||
Cash and cash equivalents | 2 | |||||||||
Corazon I / Guajillo | Plenitude | ||||||||||
Business combinations and other significant transactions | ||||||||||
Net financial liabilities | € 88 | |||||||||
Cash and cash equivalents | 2 | |||||||||
Cash consideration | € 121 | |||||||||
Corazon I Solar plant | Texas | Plenitude | ||||||||||
Business combinations and other significant transactions | ||||||||||
Power generating capacity, existing or in advanced development | MW | 266 | |||||||||
Guajillo storage project | Plenitude | Minimum | ||||||||||
Business combinations and other significant transactions | ||||||||||
Power generating capacity, existing or in advanced development | MW | 200 | |||||||||
Guajillo storage project | Plenitude | Maximum | ||||||||||
Business combinations and other significant transactions | ||||||||||
Power generating capacity, existing or in advanced development | MW | 400 | |||||||||
Energia Eolica Boreas SLU | ||||||||||
Business combinations and other significant transactions | ||||||||||
Cash and cash equivalents | 12 | |||||||||
Goodwill | 18 | |||||||||
Energia Eolica Boreas SLU | Plenitude | ||||||||||
Business combinations and other significant transactions | ||||||||||
Net financial liabilities | € 59 | |||||||||
Cash and cash equivalents | € 12 | |||||||||
Power generating capacity, existing or in advanced development | MW | 104.5 | |||||||||
Cash consideration | € 87 | |||||||||
Goodwill | € 18 | |||||||||
Consideration paid | € 16 | |||||||||
Equity interest acquired (as a percent) | 100% | |||||||||
Export LNG Ltd | Exploration & Production | ||||||||||
Business combinations and other significant transactions | ||||||||||
Equity interest acquired (as a percent) | 100% | 100% | 100% | |||||||
Natural gas operating capacity | m³ / d | 3 | |||||||||
Natural gas production capacity | 0.6 | 1 | ||||||||
PLT Energia Srl and SEF Srl | ||||||||||
Business combinations and other significant transactions | ||||||||||
Cash and cash equivalents | 17 | |||||||||
Goodwill | € 412 | |||||||||
PLT Energia Srl and SEF Srl | Plenitude | ||||||||||
Business combinations and other significant transactions | ||||||||||
Net financial liabilities | € 390 | |||||||||
Cash and cash equivalents | € 17 | |||||||||
Power generating capacity, existing or in advanced development | MW | 400 | |||||||||
Cash consideration | € 750 | |||||||||
Goodwill | € 412 |
Business combinations and oth_6
Business combinations and other significant transactions - Divestments - Additional Information (Details) € in Millions | 12 Months Ended | |||||||
Dec. 29, 2022 EUR (€) Number | Oct. 14, 2022 EUR (€) | Oct. 14, 2022 EUR (€) | Oct. 14, 2022 EUR (€) GW | Oct. 14, 2022 EUR (€) MW | Oct. 14, 2022 EUR (€) Number | Aug. 01, 2022 EUR (€) Number | Dec. 31, 2022 EUR (€) | |
Business combinations and other significant transactions | ||||||||
Cash consideration | € 10 | |||||||
Acquisition of interests in joint ventures | 5,726 | |||||||
Net financial liabilities | 2,085 | |||||||
Cash and cash equivalents | 70 | |||||||
Acquisition-date fair value of equity interest in acquiree | 21 | |||||||
Azule Energy Holdings Ltd | ||||||||
Business combinations and other significant transactions | ||||||||
Net financial liabilities | € 1,756 | |||||||
Cash and cash equivalents | € 35 | |||||||
Proportion of ownership interest in joint venture (as a percent) | 50% | |||||||
Proportion of ownership interest acquired (as a percent) | 50% | |||||||
Net assets and liabilities derecognized | € 5,183 | |||||||
Recognition of the investment in joint venture | 5,352 | |||||||
Recognition of a receivable for the investing loans made to the former subsidiaries | 1,609 | |||||||
Realized exchange differences on translation from the business combination | 764 | |||||||
Acquisition-date fair value of equity interest in acquiree | 7,130 | |||||||
Capital gains from the fair value measurement of the business combination | 3,556 | |||||||
Deferred gain on disposal of investment as of disposal date | € 1,778 | |||||||
Percentage of gain on disposal of investment | 50% | |||||||
Repayment of loan by joint venture | € 1,310 | |||||||
Azule Energy Holdings Ltd | Angola | ||||||||
Business combinations and other significant transactions | ||||||||
Number of partners in oil and gas operation | Number | 2 | |||||||
Azule Energy Holdings Ltd | Be Power SpA | ||||||||
Business combinations and other significant transactions | ||||||||
Proportion of ownership interest in joint venture (as a percent) | 50% | |||||||
Vårgrønn AS | ||||||||
Business combinations and other significant transactions | ||||||||
Proportion of ownership interest in joint venture (as a percent) | 65% | |||||||
Vårgrønn AS | Eni North Sea Wind Ltd | ||||||||
Business combinations and other significant transactions | ||||||||
Net assets and liabilities derecognized | € 368 | € 368 | € 368 | € 368 | € 368 | |||
Net financial liabilities | € 363 | 363 | € 363 | € 363 | € 363 | |||
Recognition of the investment in joint venture | 374 | |||||||
Capital gain from assets disposed | 74 | |||||||
Realized exchange differences on translation from the business combination | (33) | |||||||
Equity interest disposed (as a percent) | 100% | |||||||
Reversal to the income statement of the effects recognized in the comprehensive income reserves | € 68 | |||||||
Vårgrønn AS | Eni North Sea Wind Ltd | UK Dogger Bank A, B and C projects | ||||||||
Business combinations and other significant transactions | ||||||||
Proportion of ownership interest acquired (as a percent) | 20% | |||||||
Number of phases of the project | Number | 3 | |||||||
Power generating capacity, existing or in advanced development | 3.6 | 720 | ||||||
Prime International Oil & Gas Company | Assets in Pakistan | ||||||||
Business combinations and other significant transactions | ||||||||
Cash and cash equivalents | € 28 | |||||||
Number of oil and gas development and production licenses | Number | 8 | |||||||
Number of exploration blocks licences | Number | 4 | |||||||
Net assets and liabilities derecognized | € 1 | |||||||
Net financial liabilities | 27 | |||||||
Realized exchange differences on translation from the business combination | € 86 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Cash and cash equivalents | ||
Cash and cash equivalents | € 10,155 | € 8,254 |
Financial assets, classified as cash equivalents | 6,804 | 5,496 |
Restricted cash | 97 | € 115 |
US Dollars | ||
Cash and cash equivalents | ||
Cash and cash equivalents | 4,134 | |
Financial assets, classified as cash equivalents | 2,581 | |
Euro | ||
Cash and cash equivalents | ||
Cash and cash equivalents | 5,143 | |
Financial assets, classified as cash equivalents | € 3,631 |
Cash and cash equivalents (De_2
Cash and cash equivalents (Details 2) | 12 Months Ended |
Dec. 31, 2022 | |
US Dollars | |
Cash and cash equivalents | |
Average maturity period | 21 days |
Effective interest rate | 4.43% |
Euro | |
Cash and cash equivalents | |
Average maturity period | 12 days |
Effective interest rate | 1.75% |
Financial assets at fair valu_3
Financial assets at fair value through profit or loss (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 6,487 | € 6,301 |
Financial assets at fair value through profit or loss | 8,251 | 6,301 |
Bonds issued by sovereign states | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 1,244 | 1,149 |
Other | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 5,243 | € 5,152 |
Other financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | € 1,764 |
Financial assets at fair valu_4
Financial assets at fair value through profit or loss - Breakdown by currency (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 6,487 | € 6,301 |
Financial assets at fair value through profit or loss | 8,251 | 6,301 |
Euro | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 3,599 | 3,913 |
U.S. dollars | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 2,885 | 2,336 |
Other currencies | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | 3 | € 52 |
Other financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | 1,764 | |
Other financial assets at fair value through profit or loss | Euro | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | 1,201 | |
Other financial assets at fair value through profit or loss | U.S. dollars | ||
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | € 563 |
Financial assets at fair valu_5
Financial assets at fair value through profit or loss - Breakdown by issuing entity and credit rating (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Financial assets at fair value through profit or loss | |
Financial assets at fair value through profit or loss | |
Nominal value | € 8,340 |
Fair value | 8,251 |
Financial assets held for trading | |
Financial assets at fair value through profit or loss | |
Nominal value | 6,559 |
Fair value | 6,487 |
Financial assets held for trading | Quoted bonds issued by sovereign states | |
Financial assets at fair value through profit or loss | |
Nominal value | 1,253 |
Fair value | 1,244 |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | |
Financial assets at fair value through profit or loss | |
Nominal value | 1,041 |
Fair value | 1,030 |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Italy | |
Financial assets at fair value through profit or loss | |
Nominal value | 152 |
Fair value | € 148 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Germany | |
Financial assets at fair value through profit or loss | |
Nominal value | € 60 |
Fair value | € 60 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | France | |
Financial assets at fair value through profit or loss | |
Nominal value | € 75 |
Fair value | € 76 |
Rating - Moody's | Aa2 |
Rating - S&P | AA |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Spain | |
Financial assets at fair value through profit or loss | |
Nominal value | € 179 |
Fair value | € 179 |
Rating - Moody's | Baa1 |
Rating - S&P | A |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Chile | |
Financial assets at fair value through profit or loss | |
Nominal value | € 125 |
Fair value | € 120 |
Rating - Moody's | A2 |
Rating - S&P | A |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | United States of America | |
Financial assets at fair value through profit or loss | |
Nominal value | € 301 |
Fair value | € 300 |
Rating - Moody's | Aaa |
Rating - S&P | AA+ |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Other | |
Financial assets at fair value through profit or loss | |
Nominal value | € 149 |
Fair value | € 147 |
Rating - Moody's | from Aaa to A3 |
Rating - S&P | from AAA to A- |
Financial assets held for trading | Quoted bonds issued by sovereign states | Floating rate | |
Financial assets at fair value through profit or loss | |
Nominal value | € 212 |
Fair value | 214 |
Financial assets held for trading | Quoted bonds issued by sovereign states | Floating rate | Italy | |
Financial assets at fair value through profit or loss | |
Nominal value | 205 |
Fair value | € 207 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Financial assets held for trading | Quoted bonds issued by sovereign states | Floating rate | Other | |
Financial assets at fair value through profit or loss | |
Nominal value | € 7 |
Fair value | € 7 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Financial assets held for trading | Other Bonds | |
Financial assets at fair value through profit or loss | |
Nominal value | € 5,306 |
Fair value | 5,243 |
Financial assets held for trading | Other Bonds | Fixed rate | |
Financial assets at fair value through profit or loss | |
Nominal value | 3,055 |
Fair value | 2,996 |
Financial assets held for trading | Other Bonds | Fixed rate | Quoted bonds issued by industrial companies | |
Financial assets at fair value through profit or loss | |
Nominal value | 1,210 |
Fair value | € 1,195 |
Rating - Moody's | from Aa1 to Baa3 |
Rating - S&P | from AA+ to BBB- |
Financial assets held for trading | Other Bonds | Fixed rate | Quoted bonds issued by financial and insurance companies | |
Financial assets at fair value through profit or loss | |
Nominal value | € 804 |
Fair value | € 762 |
Rating - Moody's | from Aaa to Baa3 |
Rating - S&P | from AAA to BBB- |
Financial assets held for trading | Other Bonds | Fixed rate | Other bond | |
Financial assets at fair value through profit or loss | |
Nominal value | € 1,041 |
Fair value | € 1,039 |
Rating - Moody's | from Aaa to Baa3 |
Rating - S&P | from AAA to BBB- |
Financial assets held for trading | Other Bonds | Floating rate | |
Financial assets at fair value through profit or loss | |
Nominal value | € 2,251 |
Fair value | 2,247 |
Financial assets held for trading | Other Bonds | Floating rate | Quoted bonds issued by industrial companies | |
Financial assets at fair value through profit or loss | |
Nominal value | 643 |
Fair value | € 647 |
Rating - Moody's | from Aa2 to Baa3 |
Rating - S&P | from AA to BBB- |
Financial assets held for trading | Other Bonds | Floating rate | Quoted bonds issued by financial and insurance companies | |
Financial assets at fair value through profit or loss | |
Nominal value | € 998 |
Fair value | € 988 |
Rating - Moody's | from Aa1 to Baa3 |
Rating - S&P | from AA+ to BBB- |
Financial assets held for trading | Other Bonds | Floating rate | Other bond | |
Financial assets at fair value through profit or loss | |
Nominal value | € 610 |
Fair value | € 612 |
Rating - Moody's | from Aaa to Baa2 |
Rating - S&P | from AAA to BBB |
Other financial assets at fair value through profit or loss | |
Financial assets at fair value through profit or loss | |
Nominal value | € 1,781 |
Fair value | € 1,764 |
Rating - Moody's | Aaa |
Rating - S&P | AAA |
Financial assets at fair valu_6
Financial assets at fair value through profit or loss - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 6,487 | € 6,301 |
Financial assets at fair value through profit or loss | ||
Financial assets at fair value through profit or loss | ||
Fair value | 8,251 | |
Financial assets at fair value through profit or loss | Level 1 | ||
Financial assets at fair value through profit or loss | ||
Fair value | 4,749 | |
Financial assets at fair value through profit or loss | Level 2 | ||
Financial assets at fair value through profit or loss | ||
Fair value | 3,502 | |
Financial assets held for trading | ||
Financial assets at fair value through profit or loss | ||
Fair value | 6,487 | |
Financial assets held for trading | Quoted bonds issued by sovereign states | ||
Financial assets at fair value through profit or loss | ||
Fair value | 1,244 | |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | ||
Financial assets at fair value through profit or loss | ||
Fair value | 1,030 | |
Financial assets held for trading | Quoted bonds issued by sovereign states | Fixed rate | Other | ||
Financial assets at fair value through profit or loss | ||
Fair value | 147 | |
Individual amount limit to be included in other related parties | 50 | |
Securities lending | ||
Financial assets at fair value through profit or loss | ||
Financial assets held for trading | € 1,090 | € 1,398 |
Trade and other receivables - A
Trade and other receivables - Analysis (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other receivables | ||
Trade receivables | € 16,556 | € 15,524 |
Receivables from divestments | 301 | 8 |
Receivables from joint ventures in exploration and production activities | 1,645 | 1,888 |
Other receivables | 2,338 | 1,430 |
Total trade and other current receivables | € 20,840 | € 18,850 |
Trade and other receivables - R
Trade and other receivables - Risk exposure and expected losses (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other receivables | ||
Trade and other current receivables | € 20,840 | € 18,850 |
Expected loss (% net of counterpart risk mitigation factors) | 12.40% | 14.90% |
Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 23,794 | € 22,163 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,954) | (3,313) |
Performing receivables | Low risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 6,680 | € 6,508 |
Expected loss (% net of counterpart risk mitigation factors) | 0.40% | 0.40% |
Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 6,703 | € 6,533 |
Performing receivables | Low risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (23) | (25) |
Performing receivables | Medium Risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 9,378 | € 7,407 |
Expected loss (% net of counterpart risk mitigation factors) | 1.80% | 5.30% |
Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 9,547 | € 7,823 |
Performing receivables | Medium Risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (169) | (416) |
Performing receivables | High Risk | ||
Trade and other receivables | ||
Trade and other current receivables | € 376 | € 766 |
Expected loss (% net of counterpart risk mitigation factors) | 3.80% | 8.30% |
Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 391 | € 835 |
Performing receivables | High Risk | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (15) | (69) |
Defaulted receivables | ||
Trade and other receivables | ||
Trade and other current receivables | € 1,777 | € 2,162 |
Expected loss (% net of counterpart risk mitigation factors) | 55% | 50.50% |
Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 3,953 | € 4,371 |
Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,176) | (2,209) |
Plenitude customers | ||
Trade and other receivables | ||
Trade and other current receivables | € 2,629 | € 2,007 |
Expected loss (% net of counterpart risk mitigation factors) | 17.80% | 22.80% |
Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 3,200 | € 2,601 |
Plenitude customers | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (571) | (594) |
Business customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 14,746 | 13,354 |
Business customers | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 4,815 | 4,348 |
Business customers | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 7,970 | 6,628 |
Business customers | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 378 | 818 |
Business customers | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1,583 | 1,560 |
National Oil Companies and Public Administrations | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 3,315 | 3,890 |
National Oil Companies and Public Administrations | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 215 | 331 |
National Oil Companies and Public Administrations | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 852 | 884 |
National Oil Companies and Public Administrations | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1 | |
National Oil Companies and Public Administrations | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 2,248 | 2,674 |
Other counterparties | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 5,733 | 4,919 |
Other counterparties | Performing receivables | Low risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 1,673 | 1,854 |
Other counterparties | Performing receivables | Medium Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 725 | 311 |
Other counterparties | Performing receivables | High Risk | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 13 | 16 |
Other counterparties | Defaulted receivables | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | 122 | 137 |
Other counterparties | Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other current receivables | € 3,200 | € 2,601 |
Trade and other receivables - P
Trade and other receivables - Provision matrix (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other receivables | ||
Trade and other receivables | € 20,840 | € 18,850 |
Expected credit loss rate (as a percent) | 12.40% | 14.90% |
Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | € 23,794 | € 22,163 |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other receivables | (2,954) | (3,313) |
Plenitude customers | ||
Trade and other receivables | ||
Trade and other receivables | € 2,629 | € 2,007 |
Expected credit loss rate (as a percent) | 17.80% | 22.80% |
Plenitude customers | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | € 2,518 | € 1,709 |
Expected credit loss rate (as a percent) | 3.20% | 3.60% |
Plenitude customers | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | € 77 | € 113 |
Expected credit loss rate (as a percent) | 28.70% | 16.30% |
Plenitude customers | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | € 20 | € 39 |
Expected credit loss rate (as a percent) | 60.80% | 40.90% |
Plenitude customers | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 8 | € 48 |
Expected credit loss rate (as a percent) | 89.20% | 52% |
Plenitude customers | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 6 | € 98 |
Expected credit loss rate (as a percent) | 98.40% | 81.40% |
Plenitude customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | € 3,200 | € 2,601 |
Plenitude customers | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 2,601 | 1,772 |
Plenitude customers | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 108 | 135 |
Plenitude customers | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 51 | 66 |
Plenitude customers | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 74 | 100 |
Plenitude customers | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 366 | 528 |
Plenitude customers | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other receivables | (571) | (594) |
Plenitude customers | Accumulated impairment | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | (83) | (63) |
Plenitude customers | Accumulated impairment | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | (31) | (22) |
Plenitude customers | Accumulated impairment | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | (31) | (27) |
Plenitude customers | Accumulated impairment | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | (66) | (52) |
Plenitude customers | Accumulated impairment | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | (360) | (430) |
Plenitude customers | Retail customer | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 1,883 | 1,845 |
Plenitude customers | Retail customer | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 1,508 | 1,291 |
Plenitude customers | Retail customer | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 74 | 70 |
Plenitude customers | Retail customer | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 35 | 55 |
Plenitude customers | Retail customer | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 63 | 92 |
Plenitude customers | Retail customer | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 203 | 337 |
Plenitude customers | Middle customer | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 870 | 646 |
Plenitude customers | Middle customer | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 657 | 424 |
Plenitude customers | Middle customer | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 33 | 22 |
Plenitude customers | Middle customer | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 11 | 5 |
Plenitude customers | Middle customer | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 7 | 7 |
Plenitude customers | Middle customer | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 162 | 188 |
Plenitude customers | Other customers | Gross carrying amount | ||
Trade and other receivables | ||
Trade and other receivables | 447 | 110 |
Plenitude customers | Other customers | Gross carrying amount | Not-past due | ||
Trade and other receivables | ||
Trade and other receivables | 436 | 57 |
Plenitude customers | Other customers | Gross carrying amount | from 0 to 3 months | ||
Trade and other receivables | ||
Trade and other receivables | 1 | 43 |
Plenitude customers | Other customers | Gross carrying amount | from 3 to 6 months | ||
Trade and other receivables | ||
Trade and other receivables | 5 | 6 |
Plenitude customers | Other customers | Gross carrying amount | from 6 to 12 months | ||
Trade and other receivables | ||
Trade and other receivables | 4 | 1 |
Plenitude customers | Other customers | Gross carrying amount | Over 12 months | ||
Trade and other receivables | ||
Trade and other receivables | € 1 | € 3 |
Trade and other receivables - V
Trade and other receivables - Valuation allowance for doubtful accounts (Details) - Trade and other receivables - Accumulated impairment - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Trade and other receivables | ||
Financial assets at beginning of period | € 3,313 | € 3,157 |
Utilizations | (795) | |
Other changes | 17 | 162 |
Financial assets at end of period | 2,954 | 3,313 |
Performing receivables | ||
Trade and other receivables | ||
Additions | 166 | 202 |
Utilizations | (37) | (135) |
Defaulted receivables | ||
Trade and other receivables | ||
Additions | 253 | 348 |
Utilizations | € (758) | € (421) |
Trade and other receivables - N
Trade and other receivables - Net (impairment losses) reversals (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net (impairments) reversals of trade and other receivables | |||
New or increased provisions | € (419) | € (550) | € (343) |
Net credit losses | (81) | (66) | (36) |
Reversals | 547 | 337 | 153 |
Net (impairments) reversals of trade and other receivables | € 47 | € (279) | € (226) |
Trade and other receivables -_2
Trade and other receivables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Trade and other receivables | ||
Increase In trade receivables | € 1,032 | |
Receivables divested without recourse | 2,212 | € 2,059 |
Receivables from joint ventures in exploration and production activities | 1,645 | 1,888 |
Other receivables | 2,338 | 1,430 |
Trade and other current receivables | 20,840 | 18,850 |
Counterparty risk mitigation | 5,744 | 5,350 |
Receivables from natural gas and electricity distributors | 309 | |
Prepayments for services and suppliers | 278 | 208 |
Receivables from factoring companies | 193 | |
Miscellaneous current receivables from other counterparties | 753 | |
Gas take-or-pay contracts | ||
Trade and other receivables | ||
Other receivables | 239 | |
Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,954) | (3,313) |
Financial assets past due but not impaired | Acciaierie d'Italia (ex-ILVA) | Gas take-or-pay contracts | ||
Trade and other receivables | ||
Trade and other current receivables | 373 | |
Defaulted receivables | ||
Trade and other receivables | ||
Trade and other current receivables | 1,777 | 2,162 |
Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Trade and other current receivables | (2,176) | (2,209) |
US Dollars | ||
Trade and other receivables | ||
Trade and other current receivables | 6,102 | |
Euro | ||
Trade and other receivables | ||
Trade and other current receivables | 13,650 | |
Nigeria | ||
Trade and other receivables | ||
Receivables from joint ventures in exploration and production activities | 611 | 681 |
Nigerian National Oil Company | Nigeria | ||
Trade and other receivables | ||
Receivables from joint ventures in exploration and production activities | 475 | 474 |
Nigerian Privately Held Oil Company | Nigeria | ||
Trade and other receivables | ||
Cash call exposure | 242 | 195 |
PDVSA | Venezuela | ||
Trade and other receivables | ||
Other receivables | 566 | 538 |
Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | (795) | |
Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 166 | 202 |
Utilizations | (37) | (135) |
Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 253 | 348 |
Utilizations | (758) | (421) |
Global Gas & LNG Portfolio | ||
Trade and other receivables | ||
Increase In trade receivables | 350 | |
Receivables divested without recourse | 970 | |
Global Gas & LNG Portfolio | Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 70 | 94 |
Plenitude & Power | ||
Trade and other receivables | ||
Increase In trade receivables | 313 | |
Receivables divested without recourse | 314 | |
Plenitude & Power | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | (184) | |
Utilizations against charges | 121 | |
Plenitude & Power | Trade and other receivables | Performing receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 61 | 71 |
Plenitude & Power | Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | 99 | 101 |
Refining & Marketing and Chemical | ||
Trade and other receivables | ||
Increase In trade receivables | 408 | |
Receivables divested without recourse | 928 | |
Exploration & Production | Trade and other receivables | Accumulated impairment | ||
Trade and other receivables | ||
Utilizations | (455) | |
Exploration & Production | Trade and other receivables | Defaulted receivables | Accumulated impairment | ||
Trade and other receivables | ||
Additions | € 122 | € 229 |
Trade and other receivables -_3
Trade and other receivables - Additional information (Details 2) | 12 Months Ended | |
Dec. 31, 2022 MMBbls | Dec. 31, 2021 | |
Trade and other receivables | ||
Expected credit loss rate (as a percent) | 12.40% | 14.90% |
Maximum | ||
Trade and other receivables | ||
Receivables, payment terms | 180 days | |
Defaulted receivables | ||
Trade and other receivables | ||
Expected credit loss rate (as a percent) | 55% | 50.50% |
PDVSA | Venezuela | ||
Trade and other receivables | ||
Number of shareholders who purchased the receivables | 2 | |
Expected credit loss rate (as a percent) | 53% | |
Crude oil volume capacity (in volumes) | 3.1 |
Current and non-current inven_3
Current and non-current inventories (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Current and non-current inventories | ||
Raw and auxiliary materials and consumables | € 1,228 | € 1,001 |
Consumables for infrastructure and facility maintenance of perforation activities | 1,515 | 1,611 |
Finished products and goods | 4,962 | 3,452 |
Other | 4 | 8 |
Current inventories | € 7,709 | € 6,072 |
Current and non-current inven_4
Current and non-current inventories - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Current and non-current inventories | ||
Materials and supplies | € 1,515 | € 1,611 |
Finished products and goods | 4,962 | 3,452 |
Inventories | 7,709 | 6,072 |
Inventories held for compliance purposes | 1,786 | 1,053 |
Accumulated impairment | ||
Current and non-current inventories | ||
Inventories | (672) | (570) |
Natural gas and oil products | ||
Current and non-current inventories | ||
Finished products and goods | 3,818 | 2,414 |
Inventories pledged as security for liabilities | 750 | |
Chemical products | ||
Current and non-current inventories | ||
Finished products and goods | 790 | 626 |
Oil and petroleum | Italy | ||
Current and non-current inventories | ||
Inventories held for compliance purposes | 1,764 | 1,032 |
Exploration & Production | ||
Current and non-current inventories | ||
Materials and supplies | € 1,387 | € 1,481 |
Income tax receivables and pa_3
Income tax receivables and payables (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Income tax receivables and payables | ||
Income tax receivables, Current | € 317 | € 195 |
Income taxes receivables, Non current | 114 | 108 |
Income tax payables, Current | 2,108 | 648 |
Income tax payables, Non current | € 253 | € 374 |
Income tax receivables and pa_4
Income tax receivables and payables - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Income tax receivables and payables | ||
Pending litigation with tax authorities | € 206 | € 230 |
Other assets and liabilities (D
Other assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Other assets and liabilities | ||
Fair value of derivative financial instruments, current assets | € 11,076 | € 12,460 |
Other taxes, current assets | 807 | 442 |
Other assets, current | 938 | 732 |
Other current assets, total | 12,821 | 13,634 |
Fair value of derivative financial instruments, non-current assets | 129 | 51 |
Other taxes, non-current assets | 157 | 182 |
Other assets, non-current | 1,950 | 796 |
Other non-current assets, total | 2,236 | 1,029 |
Fair value of derivatives financial instruments, current liabilities | 9,042 | 12,911 |
Contract liabilities, current | 1,145 | 482 |
Other taxes, current liabilities | 1,463 | 1,435 |
Other liabilities, current | 823 | 928 |
Other current liabilities, total | 12,473 | 15,756 |
Fair value of derivatives financial instruments, non-current liabilities | 286 | 115 |
Contract liabilities, non-current | 706 | 726 |
Other taxes, non-current liabilities | 34 | 27 |
Other liabilities, non-current | 2,208 | 1,378 |
Other non-current liabilities, total | € 3,234 | € 2,246 |
Other assets and liabilities -
Other assets and liabilities - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Value added tax receivables | € 569 | € 498 |
Current value added tax receivables | 432 | 340 |
Gas volume prepayments, current | 41 | 41 |
Gas volume prepayments, non-current | 357 | 94 |
Non-current receivables for investing activities | 23 | |
Excise duties and consumer taxes | 613 | 700 |
Current value added tax payables | 332 | 248 |
Non-current cautionary deposits | 305 | 268 |
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 443 | 112 |
Payables related to investing activities | 83 | 103 |
Non-current payables related to investing activities | 79 | |
Current payables related to investing activities | 4 | |
Current tax credits related to renovation of residential buildings and energy saving | 366 | 110 |
Non-current tax credits related to renovation of residential buildings and energy saving | 903 | 324 |
Advances received from customers for future gas supplies | 538 | 77 |
Prepaid electronic fuel vouchers | 338 | 242 |
Current liabilities for prepaid revenues and income | 104 | 90 |
Non-current prepaid revenues and deferred income | 247 | 271 |
Miscellaneous other current assets | 292 | |
Miscellaneous other non-current assets | 667 | |
Miscellaneous current contract liabilities | 212 | |
Non-current payables to factoring companies connected with the tax credit transfer | 758 | 240 |
Miscellaneous other current liabilities | 151 | |
Miscellaneous other non-current liabilities | 461 | |
within 1 year | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 85 | 73 |
Over 12 months | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Value of gas not withdrawn by customers due to triggering of take-or-pay clause | 358 | 39 |
Gas and electricity | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Non-current cautionary deposits | 222 | 223 |
Engie SA | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Current advances received | 58 | 60 |
Non-current advances received | 275 | 333 |
Societa Oleodotti Meridionali SpA | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Advances received | 430 | 391 |
Exploration & Production | ||
Disclosure Of Detailed Information About Other Assets And Liabilities [Line Items] | ||
Underlifting positions | 239 | 316 |
Current overlifting imbalances | € 479 | € 630 |
Property, plant and equipment_2
Property, plant and equipment (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | € 56,299 | € 53,943 |
Additions | 7,700 | 4,950 |
Depreciation capitalized | 190 | 118 |
Depreciation | (6,072) | (5,966) |
Reversals | 413 | 1,535 |
Impairment | (1,382) | (1,626) |
Write-off | (586) | (352) |
Currency translation differences | 2,926 | 3,688 |
Initial recognition and changes in estimates | (80) | 195 |
Changes in the scope of consolidation | (252) | |
Changes in the scope of consolidation - included entities | 1,472 | |
Changes in the scope of consolidation - excluded entities | (4,359) | |
Other changes | (189) | 66 |
Property, plant and equipment - end of the year | 56,332 | 56,299 |
Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,071 | 1,128 |
Additions | 22 | 18 |
Depreciation | (51) | (49) |
Reversals | 3 | |
Impairment | (21) | (101) |
Write-off | (1) | (1) |
Currency translation differences | 2 | 2 |
Changes in the scope of consolidation | 22 | |
Changes in the scope of consolidation - included entities | 9 | |
Changes in the scope of consolidation - excluded entities | (1) | |
Transfers | 41 | 50 |
Other changes | 14 | 2 |
Property, plant and equipment - end of the year | 1,088 | 1,071 |
E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 42,342 | 39,648 |
Additions | 132 | 8 |
Depreciation | (5,467) | (5,421) |
Reversals | 40 | 1,080 |
Impairment | (313) | (90) |
Currency translation differences | 2,422 | 2,956 |
Initial recognition and changes in estimates | (173) | 200 |
Changes in the scope of consolidation - included entities | 650 | |
Changes in the scope of consolidation - excluded entities | (3,687) | |
Transfers | 4,403 | 3,841 |
Other changes | 143 | 120 |
Property, plant and equipment - end of the year | 40,492 | 42,342 |
Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 3,850 | 3,299 |
Additions | 456 | 277 |
Depreciation | (554) | (496) |
Reversals | 191 | 118 |
Impairment | (485) | (768) |
Write-off | (2) | (2) |
Currency translation differences | 55 | 66 |
Initial recognition and changes in estimates | 2 | |
Changes in the scope of consolidation | 1,001 | |
Changes in the scope of consolidation - included entities | 695 | |
Changes in the scope of consolidation - excluded entities | (6) | |
Transfers | 425 | 409 |
Other changes | (347) | (54) |
Property, plant and equipment - end of the year | 4,280 | 3,850 |
E&P exploration assets and appraisal | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,244 | 1,341 |
Additions | 655 | 380 |
Depreciation capitalized | 11 | 28 |
Write-off | (365) | (331) |
Currency translation differences | 74 | 106 |
Initial recognition and changes in estimates | (7) | (9) |
Changes in the scope of consolidation | (199) | |
Changes in the scope of consolidation - excluded entities | (119) | |
Transfers | (149) | (44) |
Other changes | 1 | (28) |
Property, plant and equipment - end of the year | 1,345 | 1,244 |
E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 6,545 | 7,118 |
Additions | 5,471 | 3,413 |
Depreciation capitalized | 179 | 90 |
Reversals | 141 | 337 |
Impairment | (149) | (85) |
Write-off | (218) | (18) |
Currency translation differences | 364 | 546 |
Initial recognition and changes in estimates | 98 | 4 |
Changes in the scope of consolidation | (1,119) | |
Changes in the scope of consolidation - excluded entities | (546) | |
Transfers | (4,254) | (3,797) |
Other changes | (4) | 56 |
Property, plant and equipment - end of the year | 7,627 | 6,545 |
Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,247 | 1,409 |
Additions | 964 | 854 |
Reversals | 38 | |
Impairment | (414) | (582) |
Currency translation differences | 9 | 12 |
Changes in the scope of consolidation | 43 | |
Changes in the scope of consolidation - included entities | 118 | |
Transfers | (466) | (459) |
Other changes | 4 | (30) |
Property, plant and equipment - end of the year | 1,500 | 1,247 |
Gross carrying amount | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 198,746 | |
Property, plant and equipment - end of the year | 195,812 | 198,746 |
Gross carrying amount | Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 4,175 | |
Property, plant and equipment - end of the year | 4,255 | 4,175 |
Gross carrying amount | E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 149,117 | |
Property, plant and equipment - end of the year | 143,433 | 149,117 |
Gross carrying amount | Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 30,618 | |
Property, plant and equipment - end of the year | 31,327 | 30,618 |
Gross carrying amount | E&P exploration assets and appraisal | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,244 | |
Property, plant and equipment - end of the year | 1,345 | 1,244 |
Gross carrying amount | E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 10,485 | |
Property, plant and equipment - end of the year | 11,787 | 10,485 |
Gross carrying amount | Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 3,107 | |
Property, plant and equipment - end of the year | 3,665 | 3,107 |
Accumulated depreciation, amortisation and impairment | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (142,447) | |
Property, plant and equipment - end of the year | (139,480) | (142,447) |
Accumulated depreciation, amortisation and impairment | Land and buildings | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (3,104) | |
Property, plant and equipment - end of the year | (3,167) | (3,104) |
Accumulated depreciation, amortisation and impairment | E&P wells, plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (106,775) | |
Property, plant and equipment - end of the year | (102,941) | (106,775) |
Accumulated depreciation, amortisation and impairment | Other plant and machinery | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (26,768) | |
Property, plant and equipment - end of the year | (27,047) | (26,768) |
Accumulated depreciation, amortisation and impairment | E&P tangible assets in progress | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (3,940) | |
Property, plant and equipment - end of the year | (4,160) | (3,940) |
Accumulated depreciation, amortisation and impairment | Other tangible assets in progress and advances | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | (1,860) | |
Property, plant and equipment - end of the year | € (2,165) | € (1,860) |
Property, plant and equipment -
Property, plant and equipment - Depreciation rates (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Buildings | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 2% |
Buildings | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 10% |
Refining and chemical plants | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 3% |
Refining and chemical plants | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 17% |
Gas pipelines and compression stations | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 4% |
Gas pipelines and compression stations | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 12% |
Power plants | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 3% |
Power plants | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 5% |
Other plant and machinery | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 6% |
Other plant and machinery | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 12% |
Industrial and commercial equipment | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 5% |
Industrial and commercial equipment | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 25% |
Other assets | Minimum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 10% |
Other assets | Maximum | |
Property, plant and equipment | |
Depreciation rate, property, plant and equipment | 20% |
Property, plant and equipment_3
Property, plant and equipment - Changes related to suspended wells (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property, plant and equipment | |||
Property, plant and equipment - beginning of the year | € 56,299 | € 53,943 | |
Changes in the scope of consolidation | (252) | ||
Currency translation differences | 2,926 | 3,688 | |
Other changes | (189) | 66 | |
Property, plant and equipment - end of the year | 56,332 | 56,299 | € 53,943 |
Suspended exploration wells pending final determination | |||
Property, plant and equipment | |||
Property, plant and equipment - beginning of the year | 1,101 | 1,268 | 1,246 |
Increases for which is ongoing the determination of proved reserves | 547 | 288 | 408 |
Amounts previously capitalized and expensed in the year | (374) | (286) | (226) |
Reclassification to successful exploratory wells following the estimation of proved reserves | (147) | (43) | (48) |
Disposals | (2) | (3) | |
Changes in the scope of consolidation | (114) | (199) | |
Currency translation differences | 65 | 100 | (112) |
Other changes | 9 | (24) | |
Property, plant and equipment - end of the year | € 1,085 | € 1,101 | € 1,268 |
Property, plant and equipment_4
Property, plant and equipment - Stratification of suspended wells (Details) € in Millions | Dec. 31, 2022 EUR (€) Wells | Dec. 31, 2021 EUR (€) Wells | Dec. 31, 2020 EUR (€) Wells | Dec. 31, 2019 EUR (€) |
Property, plant and equipment | ||||
Property, plant and equipment | € 56,332 | € 56,299 | € 53,943 | |
Suspended exploration wells pending final determination | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 1,085 | € 1,101 | € 1,268 | € 1,246 |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 23.8 | 35.9 | 37 | |
Suspended exploration wells pending final determination | fields including wells drilled over the last 12 months | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 204 | € 175 | € 157 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 4.5 | 4 | 6.7 | |
Suspended exploration wells pending final determination | fields for which the delineation campaign is in progress | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 579 | € 567 | € 631 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 11.3 | 17.9 | 14.9 | |
Suspended exploration wells pending final determination | fields including commercial discoveries that proceeds to sanctioning | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 302 | € 359 | € 480 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 8 | 14 | 15.4 | |
Suspended exploration wells pending final determination | within 1 year | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 216 | € 175 | € 157 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 5 | 4 | 6.7 | |
Suspended exploration wells pending final determination | between 1 and 3 years | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 246 | € 269 | € 250 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 4.9 | 12.2 | 11 | |
Suspended exploration wells pending final determination | beyond 3 years | ||||
Property, plant and equipment | ||||
Property, plant and equipment | € 623 | € 657 | € 861 | |
Costs capitalized and suspended for exploratory well activity, number of wells in Eni's interest | Wells | 13.9 | 19.7 | 19.3 |
Property, plant and equipment_5
Property, plant and equipment - Unproved mineral interests (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | € 56,299 | € 53,943 |
Currency translation differences | 2,926 | 3,688 |
Property, plant and equipment - end of the year | 56,332 | 56,299 |
Unproved mineral interest | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 1,819 | 1,763 |
Additions | 121 | 9 |
Net (impairments) reversals | 9 | 35 |
Reclassification to Proved Mineral Interest | (56) | (141) |
Currency translation differences | 110 | 153 |
Property, plant and equipment - end of the year | 2,003 | 1,819 |
Unproved mineral interest | Congo | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 218 | 203 |
Net (impairments) reversals | (28) | (1) |
Reclassification to Proved Mineral Interest | (6) | |
Currency translation differences | 14 | 16 |
Property, plant and equipment - end of the year | 198 | 218 |
Unproved mineral interest | Nigeria | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 892 | 860 |
Additions | 11 | |
Reclassification to Proved Mineral Interest | (48) | |
Currency translation differences | 55 | 80 |
Property, plant and equipment - end of the year | 958 | 892 |
Unproved mineral interest | Turkmenistan | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 3 | |
Net (impairments) reversals | 93 | 3 |
Currency translation differences | (1) | |
Property, plant and equipment - end of the year | 95 | 3 |
Unproved mineral interest | United States of America | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 68 | 114 |
Additions | 3 | |
Net (impairments) reversals | (56) | 35 |
Reclassification to Proved Mineral Interest | (92) | |
Currency translation differences | 4 | 8 |
Property, plant and equipment - end of the year | 16 | 68 |
Unproved mineral interest | Algeria | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 114 | 100 |
Additions | 110 | 6 |
Reclassification to Proved Mineral Interest | (19) | |
Currency translation differences | 6 | 8 |
Property, plant and equipment - end of the year | 211 | 114 |
Unproved mineral interest | Egypt | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 16 | 18 |
Additions | (2) | |
Net (impairments) reversals | (2) | |
Reclassification to Proved Mineral Interest | (12) | (1) |
Currency translation differences | 1 | 1 |
Property, plant and equipment - end of the year | 3 | 16 |
Unproved mineral interest | United Arab Emirates | ||
Property, plant and equipment | ||
Property, plant and equipment - beginning of the year | 508 | 468 |
Reclassification to Proved Mineral Interest | (19) | |
Currency translation differences | 31 | 40 |
Property, plant and equipment - end of the year | 520 | € 508 |
Unproved mineral interest | Italy | ||
Property, plant and equipment | ||
Additions | 2 | |
Property, plant and equipment - end of the year | € 2 |
Property, plant and equipment_6
Property, plant and equipment - Additional information (Details) € in Millions, m³ / d in Millions, Tonnes / yr in Millions, m³ / yr in Billions | 12 Months Ended | ||||||
Aug. 26, 2022 Tonnes / yr | Aug. 26, 2022 m³ / d | Aug. 26, 2022 m³ / yr | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2019 EUR (€) | |
Property, plant and equipment | |||||||
Borrowing costs capitalised | € 38 | € 68 | € 73 | ||||
Interest rate used for capitalizing finance expense | 2.10% | ||||||
Capital expenditure | € 7,700 | 4,950 | |||||
Expenditures to purchase plant and equipment from suppliers | 61 | ||||||
Currency translation differences | 2,926 | 3,688 | |||||
Initial recognition and changes in estimates | (80) | 195 | |||||
Changes in the scope of consolidation | (252) | ||||||
Property, plant and equipment | 56,332 | 56,299 | 53,943 | ||||
Property, plant and equipment, pledged as security | 24 | 24 | |||||
Government grants | 115 | 105 | |||||
Other changes | (189) | 66 | |||||
Write-off | € 586 | € 352 | |||||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 7% | ||||||
Definitive allocation | |||||||
Property, plant and equipment | |||||||
Other changes | € 169 | ||||||
Export LNG Ltd [member] | |||||||
Property, plant and equipment | |||||||
Changes in the scope of consolidation | 650 | ||||||
PLT Energia Srl and SEF Srl | |||||||
Property, plant and equipment | |||||||
Changes in the scope of consolidation | 532 | ||||||
Corazon I / Guajillo | |||||||
Property, plant and equipment | |||||||
Changes in the scope of consolidation | 189 | ||||||
Energia Eolica Boreas SLU | |||||||
Property, plant and equipment | |||||||
Changes in the scope of consolidation | 100 | ||||||
Property, plant and equipment subject to operating leases | |||||||
Property, plant and equipment | |||||||
Property, plant and equipment | 380 | ||||||
Minimum | |||||||
Property, plant and equipment | |||||||
Interest rate used for capitalizing finance expense | 0.40% | ||||||
Maximum | |||||||
Property, plant and equipment | |||||||
Interest rate used for capitalizing finance expense | 2.10% | ||||||
Accumulated impairment | |||||||
Property, plant and equipment | |||||||
Property, plant and equipment | (21,715) | € (20,796) | |||||
US Dollars | |||||||
Property, plant and equipment | |||||||
Currency translation differences | 2,971 | ||||||
Nigeria | Oil Prospecting License 245 | |||||||
Property, plant and equipment | |||||||
Property, plant and equipment | € 1,250 | ||||||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 8% | ||||||
Unproved mineral interest | |||||||
Property, plant and equipment | |||||||
Currency translation differences | € 110 | 153 | |||||
Property, plant and equipment | 2,003 | 1,819 | 1,763 | ||||
Net (impairments) reversals | (9) | (35) | |||||
Unproved mineral interest | Nigeria | Oil Prospecting License 245 | |||||||
Property, plant and equipment | |||||||
Property, plant and equipment | € 920 | ||||||
Unproved mineral interest | Nigeria | Oil Prospecting License 245 | Nigeria Government | |||||||
Property, plant and equipment | |||||||
Proportion of ownership interest in joint operation | 50% | ||||||
E&P wells, plant and machinery | |||||||
Property, plant and equipment | |||||||
Capital expenditure | € 132 | 8 | |||||
Currency translation differences | 2,422 | 2,956 | |||||
Initial recognition and changes in estimates | (173) | 200 | |||||
Property, plant and equipment | 40,492 | 42,342 | 39,648 | ||||
Other changes | 143 | 120 | |||||
E&P wells, plant and machinery | Indonesia, Egypt, Kazakhstan, United States, Angola, Italy, Iraq and Mexico | |||||||
Property, plant and equipment | |||||||
Transfers | 4,190 | ||||||
E&P exploration assets and appraisal | |||||||
Property, plant and equipment | |||||||
Capital expenditure | 655 | 380 | |||||
Currency translation differences | 74 | 106 | |||||
Initial recognition and changes in estimates | (7) | (9) | |||||
Changes in the scope of consolidation | (199) | ||||||
Property, plant and equipment | 1,345 | 1,244 | 1,341 | ||||
Other changes | 1 | (28) | |||||
Write-off | 365 | 331 | |||||
E&P exploration assets and appraisal | Libya, Egypt, Ivory Coast, Vietnam and Kenya [member] | |||||||
Property, plant and equipment | |||||||
Write-off | 365 | ||||||
Suspended exploration wells pending final determination | |||||||
Property, plant and equipment | |||||||
Currency translation differences | 65 | 100 | (112) | ||||
Changes in the scope of consolidation | (114) | (199) | |||||
Property, plant and equipment | 1,085 | 1,101 | 1,268 | € 1,246 | |||
Other changes | 9 | (24) | |||||
Exploration wells in progress | |||||||
Property, plant and equipment | |||||||
Property, plant and equipment | 253 | ||||||
Petrochemical plants [member] | |||||||
Property, plant and equipment | |||||||
Net (impairments) reversals | 385 | ||||||
Oil and Gas properties [member] | |||||||
Property, plant and equipment | |||||||
Net (impairments) reversals | 279 | ||||||
Projects considered no longer economical [member] | |||||||
Property, plant and equipment | |||||||
Net (impairments) reversals | 190 | ||||||
Exploration & Production | |||||||
Property, plant and equipment | |||||||
Borrowing costs capitalised | 22 | 54 | |||||
Capital expenditure | 6,295 | 3,843 | |||||
Exploration & Production | Export LNG Ltd [member] | |||||||
Property, plant and equipment | |||||||
Natural gas production capacity | 0.6 | 1 | |||||
Natural gas operating capacity | m³ / d | 3 | ||||||
Deconsolidated Entities | |||||||
Property, plant and equipment | |||||||
Changes in the scope of consolidation | (4,358) | ||||||
Cash-generating units [member] | Refining & Marketing | |||||||
Property, plant and equipment | |||||||
Net (impairments) reversals | 330 | ||||||
fields including commercial discoveries that proceeds to sanctioning | Suspended exploration wells pending final determination | |||||||
Property, plant and equipment | |||||||
Property, plant and equipment | € 302 | € 359 | € 480 |
Right-of-use assets and lease_3
Right-of-use assets and lease liabilities (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Right-of-use assets | |||
Net carrying amount - beginning of period | € 4,821 | € 4,643 | |
Additions | 2,404 | 1,104 | |
Depreciation | (1,013) | (928) | € (928) |
Impairment | (18) | (59) | (47) |
Reversals | 14 | ||
Currency translation differences | 267 | 253 | |
Decreases in lease liabilities | 994 | 939 | |
Changes in the scope of consolidation | (1,879) | 110 | |
Other changes | (150) | (302) | |
Net carrying amount - end of period | 4,446 | 4,821 | 4,643 |
Lessee's exposure arising from options for extension or termination of lease for office buildings | 1,180 | ||
Lessee's exposure arising from extension options related to service stations for sale of oil products | 121 | ||
Exploration & Production | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 3,195 | ||
Additions | 1,835 | ||
Net carrying amount - end of period | € 2,653 | 3,195 | |
Exploration & Production | Ghana and Angola | Minimum | |||
Right-of-use assets | |||
Lease, term of contract | 17 years | ||
Exploration & Production | Ghana and Angola | Maximum | |||
Right-of-use assets | |||
Lease, term of contract | 18 years | ||
Exploration & Production | Mexico | |||
Right-of-use assets | |||
Additions | € 1,342 | ||
Global Gas & LNG Portfolio | |||
Right-of-use assets | |||
Additions | 82 | ||
Refining & Marketing and Chemical | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 765 | ||
Additions | 357 | ||
Net carrying amount - end of period | 800 | 765 | |
Plenitude | |||
Right-of-use assets | |||
Changes in the scope of consolidation | 73 | ||
Plenitude | Deconsolidated Entities | |||
Right-of-use assets | |||
Changes in the scope of consolidation | 1,952 | ||
Corporate and Other activities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 541 | ||
Additions | 91 | ||
Net carrying amount - end of period | 548 | 541 | |
Upstream business | |||
Right-of-use assets | |||
Lessee's exposure arising from other extension options related to ancillary assets | 168 | ||
Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 2,667 | 2,672 | |
Additions | 1,342 | ||
Depreciation | (226) | (217) | |
Currency translation differences | 239 | 213 | |
Changes in the scope of consolidation | (1,878) | ||
Other changes | (2) | (1) | |
Net carrying amount - end of period | 2,142 | 2,667 | 2,672 |
Drilling rig | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 183 | 244 | |
Additions | 189 | 215 | |
Depreciation | (197) | (170) | |
Currency translation differences | 12 | 12 | |
Changes in the scope of consolidation | (34) | ||
Other changes | (5) | (118) | |
Net carrying amount - end of period | 148 | 183 | 244 |
Lease commitment, nominal value | 188 | ||
Drilling rig | Exploration & Production | |||
Right-of-use assets | |||
Additions | 189 | ||
Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 575 | 446 | |
Additions | 530 | 583 | |
Depreciation | (303) | (274) | |
Impairment | (5) | (25) | |
Reversals | 14 | ||
Currency translation differences | 10 | 11 | |
Changes in the scope of consolidation | (39) | ||
Other changes | (100) | (166) | |
Net carrying amount - end of period | 682 | 575 | 446 |
Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 454 | 424 | |
Additions | 76 | 104 | |
Depreciation | (70) | (63) | |
Impairment | (6) | ||
Currency translation differences | 3 | 3 | |
Other changes | (6) | (8) | |
Net carrying amount - end of period | 457 | 454 | 424 |
Motorway concessions and service stations | Refining & Marketing and Chemical | |||
Right-of-use assets | |||
Additions | 83 | ||
Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 14 | 11 | |
Additions | 28 | 23 | |
Depreciation | (13) | (11) | |
Impairment | (5) | (14) | |
Other changes | (5) | 5 | |
Net carrying amount - end of period | 19 | 14 | 11 |
Oil and gas distribution facilities | Exploration & Production | |||
Right-of-use assets | |||
Additions | 223 | ||
Office buildings | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 618 | 652 | |
Additions | 108 | 34 | |
Depreciation | (130) | (122) | |
Currency translation differences | 3 | 8 | |
Changes in the scope of consolidation | (1) | (6) | |
Other changes | (3) | 52 | |
Net carrying amount - end of period | 595 | 618 | 652 |
Lease commitment, nominal value | € 437 | ||
Lease commitment, term of contract | 20 years | ||
Lease commitment, extension option | 6 years | ||
Vehicles | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | € 48 | 32 | |
Additions | 21 | 40 | |
Depreciation | (21) | (22) | |
Impairment | (1) | ||
Other changes | (5) | (2) | |
Net carrying amount - end of period | 42 | 48 | 32 |
Other | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 262 | 162 | |
Additions | 110 | 105 | |
Depreciation | (53) | (49) | |
Impairment | (7) | (14) | |
Currency translation differences | 6 | ||
Changes in the scope of consolidation | 73 | 116 | |
Other changes | (24) | (64) | |
Net carrying amount - end of period | 361 | 262 | € 162 |
Vessels | |||
Right-of-use assets | |||
Lease commitment, nominal value | 268 | ||
Vessels | Global Gas & LNG Portfolio | |||
Right-of-use assets | |||
Additions | 78 | ||
Vessels | Refining & Marketing and Chemical | |||
Right-of-use assets | |||
Additions | 252 | ||
Aircraft | Corporate and Other activities | |||
Right-of-use assets | |||
Additions | 54 | ||
Assets for staff activities | Corporate and Other activities | |||
Right-of-use assets | |||
Additions | 33 | ||
Gross carrying amount | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 7,403 | ||
Net carrying amount - end of period | 6,862 | 7,403 | |
Gross carrying amount | Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 3,366 | ||
Net carrying amount - end of period | 2,507 | 3,366 | |
Gross carrying amount | Drilling rig | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 572 | ||
Net carrying amount - end of period | 516 | 572 | |
Gross carrying amount | Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 1,268 | ||
Net carrying amount - end of period | 1,360 | 1,268 | |
Gross carrying amount | Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 666 | ||
Net carrying amount - end of period | 734 | 666 | |
Gross carrying amount | Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 66 | ||
Net carrying amount - end of period | 87 | 66 | |
Gross carrying amount | Office buildings | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 948 | ||
Net carrying amount - end of period | 1,010 | 948 | |
Gross carrying amount | Vehicles | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 84 | ||
Net carrying amount - end of period | 86 | 84 | |
Gross carrying amount | Other | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | 433 | ||
Net carrying amount - end of period | 562 | 433 | |
Provisions for depreciation and impairment | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (2,582) | ||
Net carrying amount - end of period | (2,416) | (2,582) | |
Provisions for depreciation and impairment | Floating production storage and offloading vessels (FPSO) | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (699) | ||
Net carrying amount - end of period | (365) | (699) | |
Provisions for depreciation and impairment | Drilling rig | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (389) | ||
Net carrying amount - end of period | (368) | (389) | |
Provisions for depreciation and impairment | Naval facilities and related logistic bases for oil and gas transportation | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (693) | ||
Net carrying amount - end of period | (678) | (693) | |
Provisions for depreciation and impairment | Motorway concessions and service stations | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (212) | ||
Net carrying amount - end of period | (277) | (212) | |
Provisions for depreciation and impairment | Oil and gas distribution facilities | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (52) | ||
Net carrying amount - end of period | (68) | (52) | |
Provisions for depreciation and impairment | Office buildings | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (330) | ||
Net carrying amount - end of period | (415) | (330) | |
Provisions for depreciation and impairment | Vehicles | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (36) | ||
Net carrying amount - end of period | (44) | (36) | |
Provisions for depreciation and impairment | Other | |||
Right-of-use assets | |||
Net carrying amount - beginning of period | (171) | ||
Net carrying amount - end of period | € (201) | € (171) |
Right-of-use assets and lease_4
Right-of-use assets and lease liabilities - Liabilities for leased assets - (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Lease liabilities | ||
Carrying amount - beginning of the year | € 5,337 | € 5,018 |
Additions | 2,401 | 1,102 |
Decreases | (994) | (939) |
Currency translation differences | 285 | 269 |
Changes in the scope of consolidation | (1,953) | 103 |
Other changes | (125) | (216) |
Carrying amount - end of the year | 4,951 | 5,337 |
Cash payments for the principal portion of the lease liabilities | 994 | |
Cash payments for the interest portion of lease liabilities | 315 | |
Current portion of long-term lease liabilities | ||
Lease liabilities | ||
Carrying amount - beginning of the year | 948 | 849 |
Decreases | (980) | (934) |
Currency translation differences | 43 | 38 |
Changes in the scope of consolidation | (299) | 14 |
Other changes | 1,172 | 981 |
Carrying amount - end of the year | 884 | 948 |
Long-term lease liabilities | ||
Lease liabilities | ||
Carrying amount - beginning of the year | 4,389 | 4,169 |
Additions | 2,401 | 1,102 |
Decreases | (14) | (5) |
Currency translation differences | 242 | 231 |
Changes in the scope of consolidation | (1,654) | 89 |
Other changes | (1,297) | (1,197) |
Carrying amount - end of the year | 4,067 | 4,389 |
Joint operations | ||
Lease liabilities | ||
Carrying amount - beginning of the year | 1,684 | |
Carrying amount - end of the year | 494 | € 1,684 |
US Dollars | ||
Lease liabilities | ||
Carrying amount - end of the year | 3,296 | |
Euro | ||
Lease liabilities | ||
Carrying amount - end of the year | € 1,491 |
Right-of-use assets and lease_5
Right-of-use assets and lease liabilities - Amounts recognized in the profit and loss account (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other income and revenues | |||
Income from remeasurement of lease liabilities | € 6 | € 18 | € 12 |
Other income and revenues | 6 | 18 | 12 |
Purchases, services and other | |||
Short-term leases | 113 | 85 | 67 |
Low-value leases | 27 | 31 | 37 |
Variable lease payments not included in the measurement of lease liabilities | 14 | 14 | 7 |
Capitalised direct cost associated with self-constructed assets - tangible assets | (5) | (4) | (2) |
Purchases, services and other | 149 | 126 | 109 |
Depreciation and impairments | |||
Depreciation of RoU leased assets | 1,013 | 928 | 928 |
Capitalised direct cost associated with self-constructed assets - tangible assets | (186) | (110) | (96) |
Impairment losses of RoU leased assets | 18 | 59 | 47 |
Reversals of RoU leased assets | (14) | ||
Depreciation and impairments | 831 | 877 | 879 |
Finance income (expense) from leases | |||
Interests on lease liabilities | (315) | (304) | (347) |
Capitalised finance expense of ROU leased assets - tangible assets | 8 | 5 | 7 |
Net currency translation differences on lease liabilities | (4) | (34) | 24 |
Finance income (expense) from leases | € (311) | € (333) | € (316) |
Intangible assets (Details)
Intangible assets (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Intangible assets | ||
Net carrying amount - beginning of the year | € 4,799 | € 2,936 |
Additions | 356 | 284 |
Amortization | (310) | (287) |
Impairment | (167) | (38) |
Reversals | 21 | |
Write-off | (13) | (35) |
Change in the scope of consolidation | 673 | 1,835 |
Currency translation differences | 66 | 72 |
Other changes | 121 | 11 |
Net carrying amount at the end of the year | 5,525 | 4,799 |
Intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,913 | 1,639 |
Additions | 356 | 284 |
Amortization | (310) | (287) |
Impairment | (14) | (16) |
Reversals | 21 | |
Write-off | (13) | (35) |
Change in the scope of consolidation | 191 | 237 |
Currency translation differences | 55 | 59 |
Other changes | 185 | 11 |
Net carrying amount at the end of the year | 2,363 | 1,913 |
Exploration rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 913 | 888 |
Additions | 53 | 12 |
Amortization | (12) | (30) |
Reversals | 21 | |
Write-off | (13) | (35) |
Change in the scope of consolidation | (200) | |
Currency translation differences | 54 | 57 |
Other changes | (2) | |
Net carrying amount at the end of the year | 793 | 913 |
Industrial patents and intellectual property rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 155 | 162 |
Additions | 28 | 28 |
Amortization | (74) | (89) |
Impairment | (2) | |
Change in the scope of consolidation | 11 | |
Other changes | 67 | 45 |
Net carrying amount at the end of the year | 176 | 155 |
Other intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 845 | 589 |
Additions | 275 | 244 |
Amortization | (224) | (168) |
Impairment | (14) | (14) |
Change in the scope of consolidation | 391 | 226 |
Currency translation differences | 1 | 2 |
Other changes | 120 | (34) |
Net carrying amount at the end of the year | 1,394 | 845 |
Goodwill | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 2,862 | 1,297 |
Impairment | (153) | (22) |
Change in the scope of consolidation | 482 | 1,574 |
Currency translation differences | 11 | 13 |
Other changes | (64) | |
Net carrying amount at the end of the year | 3,138 | 2,862 |
Other intangible assets with indefinite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 24 | |
Change in the scope of consolidation | 24 | |
Net carrying amount at the end of the year | 24 | 24 |
Gross carrying amount | Intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 8,259 | |
Net carrying amount at the end of the year | 6,939 | 8,259 |
Gross carrying amount | Exploration rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,707 | |
Net carrying amount at the end of the year | 1,428 | 1,707 |
Gross carrying amount | Industrial patents and intellectual property rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 1,709 | |
Net carrying amount at the end of the year | 1,806 | 1,709 |
Gross carrying amount | Other intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | 4,843 | |
Net carrying amount at the end of the year | 3,705 | 4,843 |
Accumulated depreciation, amortisation and impairment | Intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (6,346) | |
Net carrying amount at the end of the year | (4,576) | (6,346) |
Accumulated depreciation, amortisation and impairment | Exploration rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (794) | |
Net carrying amount at the end of the year | (635) | (794) |
Accumulated depreciation, amortisation and impairment | Industrial patents and intellectual property rights | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (1,554) | |
Net carrying amount at the end of the year | (1,630) | (1,554) |
Accumulated depreciation, amortisation and impairment | Other intangible assets with definite useful lives | ||
Intangible assets | ||
Net carrying amount - beginning of the year | (3,998) | |
Net carrying amount at the end of the year | € (2,311) | € (3,998) |
Intangible assets - Breakdown o
Intangible assets - Breakdown of exploration rights by type (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Intangible assets | |||
Intangible assets | € 5,525 | € 4,799 | € 2,936 |
Exploration rights | |||
Intangible assets | |||
Intangible assets | 793 | 913 | € 888 |
Proved licence and leasehold property acquisition costs | |||
Intangible assets | |||
Intangible assets | 104 | 236 | |
Unproved licence and leasehold property acquisition costs | |||
Intangible assets | |||
Intangible assets | € 689 | € 677 |
Intangible assets - Main amorti
Intangible assets - Main amortization rates (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Exploration rights | |
Intangible assets | |
Description of useful life, intangible assets other than goodwill | UOP |
Other concessions, licenses, trademarks and similar items | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 3% |
Other concessions, licenses, trademarks and similar items | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33% |
Industrial patents and intellectual property right | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 20% |
Industrial patents and intellectual property right | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33% |
Capitalized costs for customer acquisition | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 17% |
Capitalized costs for customer acquisition | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 33% |
Other intangible assets | Minimum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 3% |
Other intangible assets | Maximum | |
Intangible assets | |
Amortisation rate, intangible assets other than goodwill | 20% |
Intangible assets - Goodwill by
Intangible assets - Goodwill by operating segment (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Intangible assets | ||
Goodwill | € 3,138 | € 2,862 |
Plenitude | ||
Intangible assets | ||
Goodwill | 2,927 | 2,446 |
Refining & Marketing | ||
Intangible assets | ||
Goodwill | 102 | 173 |
Exploration & Production | ||
Intangible assets | ||
Goodwill | 139 | |
Chemical | ||
Intangible assets | ||
Goodwill | 93 | 93 |
Corporate and Other activities | ||
Intangible assets | ||
Goodwill | € 16 | € 11 |
Intangible assets - Additional
Intangible assets - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Aug. 04, 2022 | Dec. 31, 2020 | |
Intangible assets | ||||
Write-off | € 13 | € 35 | ||
Change in the scope of consolidation | 673 | 1,835 | ||
Other changes | 121 | 11 | ||
Goodwill | € 3,138 | 2,862 | ||
Assets held for sale | Eni Corridor Srl | ||||
Intangible assets | ||||
Equity interest disposed (as a percent) | 49.90% | |||
Plenitude | ||||
Intangible assets | ||||
Goodwill | € 2,927 | € 2,446 | ||
Be Power | ||||
Intangible assets | ||||
Equity interest acquired (as a percent) | 100% | |||
Aldro Energa Y Soluciones SLU | ||||
Intangible assets | ||||
Equity interest acquired (as a percent) | 100% | |||
Finproject SpA | ||||
Intangible assets | ||||
Equity interest acquired (as a percent) | 60% | 40% | ||
Energia Eolica Boreas SLU | Plenitude | ||||
Intangible assets | ||||
Equity interest acquired (as a percent) | 100% | |||
CGU Domestic-Foreign Market | Retail sale of natural gas and electricity business of Plenitude | ||||
Intangible assets | ||||
Goodwill | € 1,214 | |||
Period over which management has projected cash flows | 4 years | |||
Growth rate used to extrapolate cash flow projections | 0% | |||
Amount by which unit's recoverable amount exceeds its carrying amount | € 7,000 | |||
CGU Domestic-Foreign Market | Retail sale of natural gas and electricity business of Plenitude | Minimum | ||||
Intangible assets | ||||
Discount rate | 4.20% | |||
CGU Domestic-Foreign Market | Retail sale of natural gas and electricity business of Plenitude | Maximum | ||||
Intangible assets | ||||
Discount rate | 4.30% | |||
CGU Domestic-Foreign Market | Renewables business of Plenitude | ||||
Intangible assets | ||||
Latest period of operations are being developed | 2 years | |||
Amount by which unit's recoverable amount exceeds its carrying amount if one percent point increase in weighted average cost of capital (WACC) | € 250 | |||
Goodwill | € 995 | |||
Period over which management has projected cash flows | 4 years | |||
CGU Domestic-Foreign Market | Renewables business of Plenitude | Minimum | ||||
Intangible assets | ||||
Discount rate | 5.20% | |||
CGU Domestic-Foreign Market | Renewables business of Plenitude | Maximum | ||||
Intangible assets | ||||
Discount rate | 5.80% | |||
CGU Domestic-Foreign Market | Be Power | E-mobility business of Plentitude | ||||
Intangible assets | ||||
Goodwill | € 718 | |||
Period over which management has projected cash flows | 4 years | |||
Discount rate | 10.70% | |||
Amount by which unit's recoverable amount exceeds its carrying amount | € 1,000 | |||
Accumulated impairment | ||||
Intangible assets | ||||
Goodwill | (2,662) | |||
Intangible assets with definite useful lives | ||||
Intangible assets | ||||
Write-off | 13 | € 35 | ||
Change in the scope of consolidation | 191 | 237 | ||
Other changes | 185 | 11 | ||
Intangible assets with definite useful lives | Definitive allocation | ||||
Intangible assets | ||||
Other changes | 277 | |||
Intangible assets with definite useful lives | Plenitude | ||||
Intangible assets | ||||
Change in the scope of consolidation | 391 | |||
Intangible assets with definite useful lives | Deconsolidated Entities | ||||
Intangible assets | ||||
Change in the scope of consolidation | (200) | |||
Intangible assets with definite useful lives | PLT Energia Srl and SEF Srl | Plenitude | ||||
Intangible assets | ||||
Change in the scope of consolidation | 217 | |||
Intangible assets with definite useful lives | Energia Eolica Boreas SLU | Plenitude | ||||
Intangible assets | ||||
Change in the scope of consolidation | 153 | |||
Exploration rights | ||||
Intangible assets | ||||
Write-off | 13 | 35 | ||
Change in the scope of consolidation | (200) | |||
Other changes | (2) | |||
Capitalized costs for customer acquisition | Plenitude & Power | ||||
Intangible assets | ||||
Intangible assets other than goodwill | 358 | 348 | ||
Concessions, licenses, trademarks and similar items | ||||
Intangible assets | ||||
Intangible assets other than goodwill | 692 | 139 | ||
Transport rights of natural gas | Assets held for sale | ||||
Intangible assets | ||||
Other changes | (115) | |||
Customer relationship | ||||
Intangible assets | ||||
Intangible assets other than goodwill | 101 | 109 | ||
Intangible assets in progress | Plenitude & Power | ||||
Intangible assets | ||||
Intangible assets other than goodwill | 615 | |||
Goodwill | ||||
Intangible assets | ||||
Change in the scope of consolidation | 482 | € 1,574 | ||
Other changes | (64) | |||
Goodwill | SKGR Energy Single Member SA | ||||
Intangible assets | ||||
Change in the scope of consolidation | € 52 | |||
Equity interest acquired (as a percent) | 100% | |||
Goodwill | PLT Energia Srl and SEF Srl | ||||
Intangible assets | ||||
Change in the scope of consolidation | € 412 | |||
Equity interest acquired (as a percent) | 100% | |||
Goodwill | Energia Eolica Boreas SLU | ||||
Intangible assets | ||||
Change in the scope of consolidation | € 18 | |||
Equity interest acquired (as a percent) | 100% |
Reversals (Impairments) of ta_3
Reversals (Impairments) of tangible and intangible assets and right-of-use assets - Main price assumptions for assessing the recoverability of oil & gas assets (Details) | 12 Months Ended |
Dec. 31, 2022 $ / MMBTU $ / bbl | |
2023 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 73 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 23.5 |
2025 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 63 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 13.5 |
2030 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 62 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 6 |
2040 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 53 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 6 |
2050 | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Long-term price of the Brent crude oil benchmark | $ / bbl | 43 |
Long-term gas price (in Dollars per Millions of BTU) | $ / MMBTU | 5.3 |
Reversals (Impairments) of ta_4
Reversals (Impairments) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to alternative scenarios (Details) | 12 Months Ended |
Dec. 31, 2050 $ / MMBTU $ / bbl $ / t | |
Eni's scenario | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 100% |
Brent price per bbl | $ / bbl | 43 |
Long-term gas price | $ / MMBTU | 5.3 |
IEA SDS WEO 2021 scenario | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 80% |
Brent price per bbl | $ / bbl | 39 |
Long-term gas price | $ / MMBTU | 4.8 |
IEA NZE 2050 scenario | |
Impairment | |
Value in use of the O&G CGUs Headroom vs Carrying amount, tax-deductible CO2 charges | 55% |
Value in use of the O&G CGUs Headroom vs Carrying amount, non-tax deductible CO2 charges | 49% |
Brent price per bbl | $ / bbl | 24 |
Long-term gas price | $ / MMBTU | 3.8 |
Minimum | IEA NZE 2050 scenario | |
Impairment | |
Cost CO2 | $ / t | 250 |
Maximum | IEA NZE 2050 scenario | |
Impairment | |
Cost CO2 | $ / t | 180 |
Reversals (Impairments) of ta_5
Reversals (Impairments) of tangible and intangible assets and right-of-use assets - Linear cut of -10% of hydrocarbon prices for cash flow projections (Details) € in Billions | Dec. 31, 2022 EUR (€) |
Eni's scenario | Exploration & Production assets | |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Sensitivity | € (0.7) |
Reversals (Impairments) of ta_6
Reversals (Impairments) of tangible and intangible assets and right-of-use assets - assumption of the projections of hydrocarbon prices and CO2 costs of the decarbonization scenario (Details) - IEA NZE 2050 scenario - Exploration & Production assets € in Millions | Dec. 31, 2022 EUR (€) |
Reversals (Impairments) of tangible and intangible assets and right-of-use assets | |
Tax-deductible CO2 charges | € (2.1) |
Non tax-deductible CO2 charges | € (2.8) |
Reversals (Impairments) of ta_7
Reversals (Impairments) of tangible and intangible assets and right-of-use assets. Sensitivity of outcomes to alternative scenarios - Additional Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Impairment review of tangible and intangible assets and right-of-use assets | |||
Risk-adjusted weighted average cost of capital (adjusted WACC) (in percent) | 7% | ||
Net impairment losses | € 1,140 | € 167 | € 3,183 |
Percentage by which headroom is higher than book value | 100% | ||
Congo, Egypt, USA and Algeria | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Net impairment losses | € 432 | ||
Chemicals | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Property, plant and equipment, residual value | 595 | ||
Gas power generation | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Property, plant and equipment, residual value | € 690 | ||
Minimum | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Post-tax, risk-adjusted WACC (in percent) | 6.20% | ||
Maximum | |||
Impairment review of tangible and intangible assets and right-of-use assets | |||
Post-tax, risk-adjusted WACC (in percent) | 11.10% |
Investments (Details)
Investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Investments | ||
Book amount - beginning of the year | € 5,887 | € 6,749 |
Additions and subscriptions | 1,607 | 662 |
Divestments and reimbursements | (480) | (385) |
Share of profit of equity-accounted investments | 2,163 | 202 |
Share of loss of equity-accounted investments | (285) | (1,294) |
Deduction for dividends | (1,194) | (627) |
Change in the scope of consolidation | (1,827) | 360 |
Currency translation differences | 1 | 381 |
Other changes | 6,220 | (161) |
Book amount - end of the year | 12,092 | 5,887 |
Investments in unconsolidated entities controlled by Eni | ||
Investments | ||
Book amount - beginning of the year | 44 | 80 |
Additions and subscriptions | 21 | 1 |
Divestments and reimbursements | (2) | (21) |
Share of profit of equity-accounted investments | 5 | 6 |
Share of loss of equity-accounted investments | (6) | (3) |
Deduction for dividends | (3) | (25) |
Change in the scope of consolidation | 5 | 5 |
Currency translation differences | 2 | 2 |
Other changes | (16) | (1) |
Book amount - end of the year | 50 | 44 |
Joint ventures | ||
Investments | ||
Book amount - beginning of the year | 2,057 | 2,832 |
Additions and subscriptions | 900 | 558 |
Divestments and reimbursements | (1) | (231) |
Share of profit of equity-accounted investments | 474 | 31 |
Share of loss of equity-accounted investments | (197) | (910) |
Deduction for dividends | (483) | (586) |
Change in the scope of consolidation | (710) | 355 |
Currency translation differences | (231) | 83 |
Other changes | 5,256 | (75) |
Book amount - end of the year | 7,065 | 2,057 |
Associates | ||
Investments | ||
Book amount - beginning of the year | 3,786 | 3,837 |
Additions and subscriptions | 686 | 103 |
Divestments and reimbursements | (477) | (133) |
Share of profit of equity-accounted investments | 1,684 | 165 |
Share of loss of equity-accounted investments | (82) | (381) |
Deduction for dividends | (708) | (16) |
Change in the scope of consolidation | (1,122) | |
Currency translation differences | 230 | 296 |
Other changes | 980 | (85) |
Book amount - end of the year | € 4,977 | € 3,786 |
Investments - Net carrying amou
Investments - Net carrying amount (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Investments | |||
Book value | € 12,092 | € 5,887 | € 6,749 |
Associates | |||
Investments | |||
Book value | 4,977 | 3,786 | |
Associates | Var Energi ASA | |||
Investments | |||
Book value | € 763 | ||
% of the investment in associate | 63.08% | ||
Associates | Abu Dhabi Oil Refining Company (Takreer) | |||
Investments | |||
Book value | € 2,497 | € 2,151 | |
% of the investment in associate | 20% | 20% | |
Associates | Coral FLNG SA | |||
Investments | |||
Book value | € 330 | € 156 | |
% of the investment in associate | 25% | 25% | |
Associates | Qatar Liquefied Gas Company Limited (9) | |||
Investments | |||
Book value | € 302 | ||
% of the investment in associate | 25% | ||
Associates | Novamont SpA | |||
Investments | |||
Book value | € 255 | ||
% of the investment in associate | 35% | ||
Associates | ADNOC Global Trading Ltd | |||
Investments | |||
Book value | € 158 | € 42 | |
% of the investment in associate | 20% | 20% | |
Associates | Novis Renewables Holdings Llc | |||
Investments | |||
Book value | € 74 | € 75 | |
% of the investment in associate | 49% | 49% | |
Associates | Bluebell Solar Class A Holdings II LlC | |||
Investments | |||
Book value | € 73 | € 71 | |
% of the investment in associate | 99% | 99% | |
Associates | United Gas Derivatives Co | |||
Investments | |||
Book value | € 72 | € 75 | |
% of the investment in associate | 33.33% | 33.33% | |
Associates | Angola LNG Ltd | |||
Investments | |||
Book value | € 1,084 | ||
% of the investment in associate | 13.60% | ||
Associates | Other investments | |||
Investments | |||
Book value | € 453 | € 132 | |
Joint ventures | |||
Investments | |||
Book value | 7,065 | 2,057 | |
Joint ventures | Var Energi ASA | |||
Investments | |||
Book value | € 645 | ||
% of the investment in joint venture | 69.85% | ||
Joint ventures | Mozambique Rovuma Venture SpA | |||
Investments | |||
Book value | € 308 | € 355 | |
% of the investment in joint venture | 35.71% | 35.71% | |
Joint ventures | Cardon IV SA | |||
Investments | |||
Book value | € 433 | € 279 | |
% of the investment in joint venture | 50% | 50% | |
Joint ventures | Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | |||
Investments | |||
Book value | € 246 | ||
% of the investment in joint venture | 20% | ||
Joint ventures | Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | |||
Investments | |||
Book value | € 238 | ||
% of the investment in joint venture | 20% | ||
Joint ventures | Azule Energy Holdings Ltd | |||
Investments | |||
Book value | € 5,073 | ||
% of the investment in joint venture | 50% | ||
Joint ventures | Saipem SpA | |||
Investments | |||
Book value | € 645 | € 137 | |
% of the investment in joint venture | 31.20% | 31.20% | |
Joint ventures | Vårgrønn AS | |||
Investments | |||
Book value | € 370 | € 3 | |
% of the investment in joint venture | 65% | 69.60% | |
Joint ventures | GreenIT SpA [member] | |||
Investments | |||
Book value | € 74 | € 9 | |
% of the investment in joint venture | 51% | 51% | |
Joint ventures | Lotte Versalis Elastomers Co Ltd | |||
Investments | |||
Book value | € 41 | € 54 | |
% of the investment in joint venture | 50% | 50% | |
Joint ventures | Hergo Renewables SpA [member] | |||
Investments | |||
Book value | € 33 | ||
% of the investment in joint venture | 65% | ||
Joint ventures | Societa Oleodotti Meridionali - SOM SpA | |||
Investments | |||
Book value | € 29 | € 27 | |
% of the investment in joint venture | 70% | 70% | |
Joint ventures | Other investments | |||
Investments | |||
Book value | € 59 | € 64 | |
Investments in unconsolidated entities controlled by Eni | |||
Investments | |||
Book value | 50 | 44 | |
Investments in unconsolidated entities controlled by Eni | Eni BTC Ltd | |||
Investments | |||
Book value | € 1 | € 2 | |
% of the investment in subsidiary | 100% | 100% | |
Investments in unconsolidated entities controlled by Eni | Other investments | |||
Investments | |||
Book value | € 49 | € 42 |
Investments - Market value of i
Investments - Market value of investments listed in regulated stock markets (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Investments | |||
Book value | € 12,092 | € 5,887 | € 6,749 |
Joint ventures | |||
Investments | |||
Book value | € 7,065 | € 2,057 | |
Joint ventures | Var Energi ASA | |||
Investments | |||
% of the investment in joint venture | 69.85% | ||
Book value | € 645 | ||
Joint ventures | Saipem SpA | |||
Investments | |||
% of the investment in joint venture | 31.20% | 31.20% | |
Book value | € 645 | € 137 | |
Joint ventures | Saipem SpA | Ordinary shares | |||
Investments | |||
Number of shares held | 622,476,192 | ||
% of the investment in joint venture | 31.20% | ||
Share price | € 1.1275 | ||
Market value of joint venture | € 702 | ||
Book value | 645 | ||
Associates | |||
Investments | |||
Book value | € 4,977 | € 3,786 | |
Associates | Var Energi ASA | |||
Investments | |||
% of the investment in associate | 63.08% | ||
Book value | € 763 | ||
Associates | Var Energi ASA | Ordinary shares | |||
Investments | |||
Number of shares held | 1,574,616,035 | ||
% of the investment in associate | 63.08% | ||
Share price | € 3.1947 | ||
Market value of associate | € 5,030 | ||
Book value | € 763 |
Investments - Other investments
Investments - Other investments (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Investments | ||
Carrying amount at the beginning of the year | € 1,294 | € 957 |
Additions and subscriptions | 68 | 175 |
Change in the fair value with effect to OCI | 56 | 105 |
Currency translation differences | 42 | 57 |
Other changes | (258) | |
Carrying amount at the end of the year | € 1,202 | € 1,294 |
Investments - Additional inform
Investments - Additional information (Details) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 EUR (€) MT | Dec. 31, 2021 EUR (€) | Dec. 01, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Investments | ||||
Additions and subscriptions | € 1,607 | € 662 | ||
Divestments and reimbursements | 480 | 385 | ||
Share of loss of equity-accounted investments | 285 | 1,294 | ||
Deduction for dividends | 1,194 | 627 | ||
Difference amount between purchase price of interest acquired and book value of corresponding fraction of net equity | € 74 | |||
Percentage of reasonable changes in cost of capital | 1% | |||
Change in the fair value with effect to OCI | € 56 | 105 | ||
Other investments | 1,202 | 1,294 | € 1,294 | € 957 |
Share of profit of equity-accounted investments | 2,163 | 202 | ||
Change in the scope of consolidation | (1,827) | 360 | ||
Other changes | 6,220 | (161) | ||
Other changes of other investments | € (258) | |||
North Field East project (NFE) | ||||
Investments | ||||
Proportion of ownership interest acquired | 3.125% | |||
Nigeria LNG Ltd | ||||
Investments | ||||
Other investments | € 668 | 637 | ||
Saudi European Petrochemical Co | ||||
Investments | ||||
Other investments | € 108 | € 124 | ||
Qatar Liquefied Gas Co Ltd (9) | North Field East project (NFE) | ||||
Investments | ||||
Proportion of ownership interest acquired | 12.50% | |||
Liquefaction plant production capacity per annum | MT | 32 | |||
Novamont SpA | ||||
Investments | ||||
Other changes of other investments | € 220 | |||
Associates | Angola LNG Ltd | ||||
Investments | ||||
Divestments and reimbursements | 375 | |||
Share of profit of equity-accounted investments | 290 | |||
Change in the scope of consolidation | 1,122 | |||
Associates | Qatar Liquefied Gas Co Ltd (9) | ||||
Investments | ||||
Additions and subscriptions | € 306 | |||
Proportion of ownership interest acquired | 25% | |||
Associates | Abu Dhabi Oil Refining Co (Takreer) | ||||
Investments | ||||
Deduction for dividends | € 142 | |||
Share of profit of equity-accounted investments | 359 | |||
Associates | Var Energi ASA | ||||
Investments | ||||
Divestments and reimbursements | 91 | |||
Deduction for dividends | € 469 | |||
Proportion of ownership interest divested in equity method investment | 6% | |||
Share of profit of equity-accounted investments | € 691 | |||
Difference amount between market capitalization of investee and book value of corresponding fraction of net equity | 4,267 | |||
Associates | ADNOC Global Trading Ltd | ||||
Investments | ||||
Deduction for dividends | 54 | |||
Share of profit of equity-accounted investments | 170 | |||
Associates | Coral FLNG SA | ||||
Investments | ||||
Share of profit of equity-accounted investments | 140 | |||
Joint ventures | UK Dogger Bank | ||||
Investments | ||||
Change in the scope of consolidation | 731 | |||
Joint ventures | Saipem SpA | ||||
Investments | ||||
Additions and subscriptions | 624 | |||
Share of loss of equity-accounted investments | 82 | |||
Difference amount between market capitalization of investee and book value of corresponding fraction of net equity | 57 | |||
Joint ventures | Mozambique Rovuma Venture SpA | ||||
Investments | ||||
Share of loss of equity-accounted investments | 72 | |||
Joint ventures | Doggerbank Offshore Wind Farm Project 3 Holdco Ltd | ||||
Investments | ||||
Additions and subscriptions | € 161 | |||
Proportion of ownership interest acquired | 20% | |||
Joint ventures | Vårgrønn AS | ||||
Investments | ||||
Proportion of ownership interest in joint venture | 65% | |||
Other changes | € 374 | |||
Joint ventures | Azule Energy Holdings Ltd | ||||
Investments | ||||
Deduction for dividends | 475 | |||
Share of profit of equity-accounted investments | 455 | |||
Other changes | 5,352 | |||
Joint ventures | Novamont SpA | ||||
Investments | ||||
Share of loss of equity-accounted investments | € 53 |
Other financial assets (Details
Other financial assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Other financial assets | ||
Other current financial assets | € 1,504 | € 4,308 |
Other non-current financial assets | 1,967 | 1,885 |
Financing receivables held for operating and non operating purpose | ||
Other financial assets | ||
Other current financial assets | 1,504 | 4,308 |
Other non-current financial assets | 1,911 | 1,832 |
Financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 19 | 56 |
Other non-current financial assets | 1,911 | 1,832 |
Long-term financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 11 | 17 |
Other non-current financial assets | 1,911 | 1,832 |
Short-term financing receivables held for operating purposes | ||
Other financial assets | ||
Other current financial assets | 8 | 39 |
Financing receivables held for non operating purpose | ||
Other financial assets | ||
Other current financial assets | 1,485 | 4,252 |
Securities held for operating purposes | ||
Other financial assets | ||
Other non-current financial assets | € 56 | € 53 |
Other financial assets - Financ
Other financial assets - Financing receivables net of allowance for doubtful accounts (Details) - Accumulated impairment - Financing receivables held for operating and non operating purpose - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Other financial assets | ||
Financial assets at beginning of period | € 403 | € 352 |
Additions | 13 | 41 |
Deductions | (43) | (15) |
Currency translation differences | 21 | 25 |
Other changes | (3) | |
Financial assets at end of period | € 391 | € 403 |
Other financial assets - Securi
Other financial assets - Securities per issuing entity (Details) - Amortized cost € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Quoted bonds issued by sovereign states | |
Other financial assets | |
Amortized cost | € 56 |
Nominal value | 57 |
Fair value | 53 |
Maximum value of sovereign states bonds included in other category | 10 |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | |
Other financial assets | |
Amortized cost | 20 |
Nominal value | 20 |
Fair value | € 18 |
Maturity date | from 2022 to 2031 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Italy | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 2.65% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Foreign (outside Italy) | |
Other financial assets | |
Amortized cost | € 24 |
Nominal value | 25 |
Fair value | € 23 |
Maturity date | from 2023 to 2026 |
Rating - Moody's | from Aa1 to Baa1 |
Rating - S&P | from AA+ to A- |
Quoted bonds issued by sovereign states, Fixed rate bonds | Foreign (outside Italy) | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 0% |
Quoted bonds issued by sovereign states, Fixed rate bonds | Foreign (outside Italy) | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 0.20% |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | |
Other financial assets | |
Amortized cost | € 12 |
Nominal value | 12 |
Fair value | € 12 |
Maturity date | from 2024 to 2026 |
Rating - Moody's | Baa3 |
Rating - S&P | BBB |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | Minimum | |
Other financial assets | |
Nominal rate of return (%) | 1.51% |
Quoted bonds issued by sovereign states, Floating rate bonds | Italy | Maximum | |
Other financial assets | |
Nominal rate of return (%) | 2.96% |
Other financial assets - Additi
Other financial assets - Additional information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financing receivables held for operating and non operating purpose | US Dollars | ||
Other financial assets | ||
Other financial assets | € 2,038 | |
Financing receivables held for operating and non operating purpose | Euro | ||
Other financial assets | ||
Other financial assets | 1,329 | |
Financing receivables held for operating purposes | beyond 5 years | ||
Other financial assets | ||
Other financial assets | 164 | € 399 |
Financing receivables held for operating purposes | Exploration & Production | ||
Other financial assets | ||
Other financial assets | 1,823 | |
Financing receivables held for operating purposes | Exploration & Production | Coral FLNG SA | ||
Other financial assets | ||
Other financial assets | 356 | 383 |
Financing receivables held for operating purposes | Exploration & Production | Cardon IV SA | ||
Other financial assets | ||
Other financial assets | 20 | 199 |
Financing receivables held for operating purposes | Exploration & Production | Mozambique Rovuma Venture SpA | ||
Other financial assets | ||
Other financial assets | 1,187 | 1,008 |
Non-current financing receivables held for operating purposes | ||
Other financial assets | ||
Fair value | 1,911 | |
Financing receivables held for non operating purpose | ||
Other financial assets | ||
Restricted deposits in escrow to guarantee transactions on derivative contracts | 1,266 | 4,233 |
Securities held for operating purposes | ||
Other financial assets | ||
Financial assets pledged as collateral for liabilities or contingent liabilities | € 20 | € 20 |
Other financial assets - Addi_2
Other financial assets - Additional information (Details 2) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Coral FLNG SA | ||
Other financial assets | ||
Proportion of ownership interest in associate | 25% | |
Cardon IV SA | ||
Other financial assets | ||
Proportion of ownership interest in joint venture (as a percent) | 50% | 50% |
Mozambique Rovuma Venture SpA | ||
Other financial assets | ||
Proportion of ownership interest in joint venture (as a percent) | 35.71% | |
Non-current financing receivables held for operating purposes | Minimum | ||
Other financial assets | ||
Discount rate applied to cash flow projections (as a percent) | 1.80% | (0.30%) |
Non-current financing receivables held for operating purposes | Maximum | ||
Other financial assets | ||
Discount rate applied to cash flow projections (as a percent) | 5.10% | 1.70% |
Securities held for operating purposes | Maximum | ||
Other financial assets | ||
Maturity of securities held for operating purposes | 5 years |
Trade and other payables - Brea
Trade and other payables - Break-down (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other payables | ||
Trade payables | € 19,527 | € 16,795 |
Down payments and advances from joint ventures in exploration and production activities | 606 | 552 |
Payables for purchase of non-current assets | 2,561 | 1,732 |
Payables due to partners in exploration & production activities | 1,235 | 1,188 |
Other payables | 1,780 | 1,453 |
Trade and other current payables | € 25,709 | € 21,720 |
Trade and other payables - Addi
Trade and other payables - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Trade and other payables | ||
Increase (decrease) in trade payables | € 2,732 | |
Payroll payables | 255 | € 328 |
Other payables | 1,780 | 1,453 |
Payables for social security contributions | 100 | 112 |
Trade and other payables | 25,709 | 21,720 |
Payables to factoring companies in relation to the recognition of Eni's tax credits | 246 | |
Miscellaneous other payables | 895 | |
Euro | ||
Trade and other payables | ||
Trade and other payables | 14,970 | |
US Dollars | ||
Trade and other payables | ||
Trade and other payables | 10,048 | |
Global Gas & LNG Portfolio | ||
Trade and other payables | ||
Increase (decrease) in trade payables | 1,281 | |
Refining & Marketing and Chemical | ||
Trade and other payables | ||
Increase (decrease) in trade payables | 1,248 | |
Gas take-or-pay contracts | ||
Trade and other payables | ||
Other payables | € 284 | € 185 |
Finance debt - Short and long t
Finance debt - Short and long term debt (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 01, 2021 |
Borrowings | |||
Short-term debt | € 4,446 | € 2,299 | |
Current portion of long-term debt | 3,097 | 1,781 | |
Long-term debt | 19,374 | 23,714 | |
Total borrowings | 26,917 | 27,794 | € 27,794 |
Banks | |||
Borrowings | |||
Short-term debt | 3,645 | 362 | |
Current portion of long-term debt | 851 | 347 | |
Long-term debt | 1,999 | 4,650 | |
Total borrowings | 6,495 | 5,359 | |
Ordinary bonds | |||
Borrowings | |||
Current portion of long-term debt | 2,140 | 913 | |
Long-term debt | 16,372 | 18,049 | |
Total borrowings | 18,512 | 18,962 | |
Convertible bonds | |||
Borrowings | |||
Current portion of long-term debt | 399 | ||
Total borrowings | 399 | ||
Sustainability-Linked Bond | |||
Borrowings | |||
Current portion of long-term debt | 2 | 2 | |
Long-term debt | 996 | 996 | |
Total borrowings | 998 | 998 | |
Commercial papers | |||
Borrowings | |||
Short-term debt | 34 | 836 | |
Total borrowings | 34 | 836 | |
Other financial institutions | |||
Borrowings | |||
Short-term debt | 767 | 1,101 | |
Current portion of long-term debt | 104 | 120 | |
Long-term debt | 7 | 19 | |
Total borrowings | € 878 | € 1,240 |
Finance debt - Ordinary bonds (
Finance debt - Ordinary bonds (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 01, 2021 | |
Borrowings | |||
Borrowings | € 26,917 | € 27,794 | € 27,794 |
Ordinary Bonds | |||
Borrowings | |||
Nominal value | 18,376 | ||
Discount on bond issue and accrued expenses | 136 | ||
Borrowings | 18,512 | € 18,962 | |
Euro Medium Term Notes | |||
Borrowings | |||
Nominal value | 15,800 | ||
Euro Medium Term Notes, Ordinary Bonds | |||
Borrowings | |||
Nominal value | 14,834 | ||
Discount on bond issue and accrued expenses | 119 | ||
Borrowings | 14,953 | ||
Other Bonds | |||
Borrowings | |||
Nominal value | 3,542 | ||
Discount on bond issue and accrued expenses | 17 | ||
Borrowings | 3,559 | ||
ENI SpA | Euro Medium Term Notes | |||
Borrowings | |||
Nominal value | 13,400 | ||
ENI SpA | Euro Medium Term Notes One | |||
Borrowings | |||
Nominal value | 1,200 | ||
Discount on bond issue and accrued expenses | 15 | ||
Borrowings | € 1,215 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes One | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2025 | ||
Borrowings, interest rate | 3.75% | ||
ENI SpA | Euro Medium Term Notes Two | |||
Borrowings | |||
Nominal value | € 1,000 | ||
Discount on bond issue and accrued expenses | 29 | ||
Borrowings | € 1,029 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Two | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2029 | ||
Borrowings, interest rate | 3.625% | ||
ENI SpA | Euro Medium Term Notes Three | |||
Borrowings | |||
Nominal value | € 1,000 | ||
Discount on bond issue and accrued expenses | 15 | ||
Borrowings | € 1,015 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Three | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2023 | ||
Borrowings, interest rate | 3.25% | ||
ENI SpA | Euro Medium Term Notes Four | |||
Borrowings | |||
Nominal value | € 1,000 | ||
Discount on bond issue and accrued expenses | 11 | ||
Borrowings | € 1,011 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Four | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2026 | ||
Borrowings, interest rate | 1.50% | ||
ENI SpA | Euro Medium Term Notes Five | |||
Borrowings | |||
Nominal value | € 1,000 | ||
Discount on bond issue and accrued expenses | 10 | ||
Borrowings | € 1,010 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Five | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2031 | ||
Borrowings, interest rate | 2% | ||
ENI SpA | Euro Medium Term Notes Six | |||
Borrowings | |||
Nominal value | € 1,000 | ||
Discount on bond issue and accrued expenses | 3 | ||
Borrowings | € 1,003 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Six | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2026 | ||
Borrowings, interest rate | 1.25% | ||
ENI SpA | Euro Medium Term Notes Seven | |||
Borrowings | |||
Nominal value | € 1,000 | ||
Discount on bond issue and accrued expenses | 3 | ||
Borrowings | € 1,003 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Seven | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2030 | ||
Borrowings, interest rate | 0.625% | ||
ENI SpA | Euro Medium Term Notes Eight | |||
Borrowings | |||
Nominal value | € 900 | ||
Borrowings | € 900 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Eight | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2024 | ||
Borrowings, interest rate | 0.625% | ||
ENI SpA | Euro Medium Term Notes Nine | |||
Borrowings | |||
Nominal value | € 800 | ||
Discount on bond issue and accrued expenses | 2 | ||
Borrowings | € 802 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Nine | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2028 | ||
Borrowings, interest rate | 1.625% | ||
ENI SpA | Euro Medium Term Notes Ten | |||
Borrowings | |||
Nominal value | € 750 | ||
Discount on bond issue and accrued expenses | 11 | ||
Borrowings | € 761 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Ten | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2024 | ||
Borrowings, interest rate | 1.75% | ||
ENI SpA | Euro Medium Term Notes Eleven | |||
Borrowings | |||
Nominal value | € 750 | ||
Discount on bond issue and accrued expenses | 8 | ||
Borrowings | € 758 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Eleven | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2027 | ||
Borrowings, interest rate | 1.50% | ||
ENI SpA | Euro Medium Term Notes Twelve | |||
Borrowings | |||
Nominal value | € 750 | ||
Discount on bond issue and accrued expenses | (3) | ||
Borrowings | € 747 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Twelve | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2034 | ||
Borrowings, interest rate | 1% | ||
ENI SpA | Euro Medium Term Notes Thirteen | |||
Borrowings | |||
Nominal value | € 650 | ||
Discount on bond issue and accrued expenses | 4 | ||
Borrowings | € 654 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Thirteen | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2025 | ||
Borrowings, interest rate | 1% | ||
ENI SpA | Euro Medium Term Notes Fourteen | |||
Borrowings | |||
Nominal value | € 600 | ||
Discount on bond issue and accrued expenses | (2) | ||
Borrowings | € 598 | ||
Borrowings, original currency | EUR | ||
ENI SpA | Euro Medium Term Notes Fourteen | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2028 | ||
Borrowings, interest rate | 1.125% | ||
ENI SpA | Other bonds One | |||
Borrowings | |||
Nominal value | € 937 | ||
Discount on bond issue and accrued expenses | 10 | ||
Borrowings | € 947 | ||
Borrowings, original currency | USD | ||
ENI SpA | Other bonds One | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2023 | ||
Borrowings, interest rate | 4% | ||
ENI SpA | Other bonds Two | |||
Borrowings | |||
Nominal value | € 937 | ||
Discount on bond issue and accrued expenses | 5 | ||
Borrowings | € 942 | ||
Borrowings, original currency | USD | ||
ENI SpA | Other bonds Two | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2028 | ||
Borrowings, interest rate | 4.75% | ||
ENI SpA | Other bonds Three | |||
Borrowings | |||
Nominal value | € 937 | ||
Discount on bond issue and accrued expenses | 1 | ||
Borrowings | € 938 | ||
Borrowings, original currency | USD | ||
ENI SpA | Other bonds Three | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2029 | ||
Borrowings, interest rate | 4.25% | ||
ENI SpA | Other bonds Four | |||
Borrowings | |||
Nominal value | € 328 | ||
Discount on bond issue and accrued expenses | 1 | ||
Borrowings | € 329 | ||
Borrowings, original currency | USD | ||
ENI SpA | Other bonds Four | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2040 | ||
Borrowings, interest rate | 5.70% | ||
Eni Finance International SA | Euro Medium Term Notes Fifteen | |||
Borrowings | |||
Nominal value | € 1,639 | ||
Discount on bond issue and accrued expenses | 6 | ||
Borrowings | € 1,645 | ||
Borrowings, original currency | USD | ||
Eni Finance International SA | Euro Medium Term Notes Fifteen | Minimum | |||
Borrowings | |||
Borrowings, maturity | 2026 | ||
Eni Finance International SA | Euro Medium Term Notes Fifteen | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2027 | ||
Eni Finance International SA | Euro Medium Term Notes Sixteen | |||
Borrowings | |||
Nominal value | € 795 | ||
Discount on bond issue and accrued expenses | 7 | ||
Borrowings | € 802 | ||
Borrowings, original currency | EUR | ||
Eni Finance International SA | Euro Medium Term Notes Sixteen | Minimum | |||
Borrowings | |||
Borrowings, maturity | 2025 | ||
Borrowings, interest rate | 1.275% | ||
Eni Finance International SA | Euro Medium Term Notes Sixteen | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2043 | ||
Borrowings, interest rate | 5.441% | ||
Eni Finance International SA | Euro Medium Term Notes Seventeen | |||
Borrowings | |||
Borrowings, interest rate description | variable | ||
Eni USA Inc | Other bonds Five | |||
Borrowings | |||
Nominal value | € 375 | ||
Borrowings | € 375 | ||
Borrowings, original currency | USD | ||
Eni USA Inc | Other bonds Five | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2027 | ||
Borrowings, interest rate | 7.30% | ||
PLT Wind 2022 SpA | Other bonds Six | |||
Borrowings | |||
Nominal value | € 18 | ||
Borrowings | € 18 | ||
Borrowings, original currency | EUR | ||
Borrowings, interest rate description | variable | ||
PLT Wind 2022 SpA | Other bonds Six | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2031 | ||
SEF Srl | Other bonds, Seven [member] | |||
Borrowings | |||
Nominal value | € 10 | ||
Borrowings | € 10 | ||
Borrowings, original currency | EUR | ||
SEF Srl | Other bonds, Seven [member] | Maximum | |||
Borrowings | |||
Borrowings, maturity | 2026 | ||
Borrowings, interest rate | 7% |
Finance debt - Sustainability l
Finance debt - Sustainability linked bonds (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 01, 2021 | |
Borrowings | |||
Borrowings | € 26,917 | € 27,794 | € 27,794 |
Sustainability-linked bond | |||
Borrowings | |||
Nominal value | 1,000 | ||
Borrowings | 998 | € 998 | |
ENI SpA | Sustainability-linked bond | |||
Borrowings | |||
Nominal value | 1,000 | ||
Discount on bond issue and accrued expenses | (2) | ||
Borrowings | € 998 | ||
Borrowings, original currency | EUR | ||
Borrowings, maturity | 2028 | ||
Borrowings, interest rate | 0.375% |
Finance debt - Currency of long
Finance debt - Currency of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 01, 2021 |
Borrowings | |||
Borrowings | € 26,917 | € 27,794 | € 27,794 |
Short term debt | |||
Borrowings | |||
Borrowings | 4,446 | 2,299 | |
Short term debt | Euro | |||
Borrowings | |||
Borrowings | 3,994 | 1,356 | |
Short term debt | U.S. dollars | |||
Borrowings | |||
Borrowings | 337 | 928 | |
Short term debt | Other currencies | |||
Borrowings | |||
Borrowings | 115 | 15 | |
Long term debt and current portion of long term debt | |||
Borrowings | |||
Borrowings | 22,471 | 25,495 | |
Long term debt and current portion of long term debt | Euro | |||
Borrowings | |||
Borrowings | 17,171 | 20,399 | |
Long term debt and current portion of long term debt | U.S. dollars | |||
Borrowings | |||
Borrowings | 5,298 | € 5,096 | |
Long term debt and current portion of long term debt | Other currencies | |||
Borrowings | |||
Borrowings | € 2 |
Finance debt - Currency of lo_2
Finance debt - Currency of long-term debt percentage (Details) - Average | Dec. 31, 2022 | Dec. 31, 2021 |
Short term debt | Euro | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 0.90% | |
Short term debt | U.S. dollars | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 2.20% | 0.20% |
Short term debt | Other currencies | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | (0.30%) | |
Long term debt and current portion of long term debt | Euro | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 1.80% | 1.50% |
Long term debt and current portion of long term debt | U.S. dollars | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 5.10% | 3.80% |
Long term debt and current portion of long term debt | Other currencies | ||
Borrowings | ||
Borrowings, interest rate (as a percent) | 2.40% |
Finance debt - Undrawn committe
Finance debt - Undrawn committed borrowing facilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Borrowings | ||
Undrawn borrowing facilities | € 8,298 | € 5,114 |
Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 8,298 | |
Long-term debt | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 8,172 | 5,032 |
Short-term debt | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 126 | 82 |
Undrawn | Long-term debt | Sustainability-Linked bonds | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 8,100 | 2,800 |
Undrawn | Long-term debt | Other borrowing facilities | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 2 | 20 |
Undrawn | Short-term debt | Other borrowing facilities | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 43 | 15 |
Dawn | Long-term debt | Sustainability-Linked bonds | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 2,050 | |
Dawn | Long-term debt | Other borrowing facilities | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | 70 | 162 |
Dawn | Short-term debt | Other borrowing facilities | Committed borrowing facilities | ||
Borrowings | ||
Undrawn borrowing facilities | € 83 | € 67 |
Finance debt - Fair value of lo
Finance debt - Fair value of long-term debt (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Long-term debt and current portion of long-term debt | ||
Borrowings | ||
Financial liabilities, at fair value | € 21,011 | € 28,750 |
Long-term and current portion of long-term ordinary bonds and Sustainability-Linked Bond | ||
Borrowings | ||
Financial liabilities, at fair value | 18,167 | 23,070 |
Long-term and current portion of long-term convertible bonds | ||
Borrowings | ||
Financial liabilities, at fair value | 513 | |
Long-term and current portion of long-term bank debt | ||
Borrowings | ||
Financial liabilities, at fair value | 2,733 | 5,029 |
Long-term and current portion of long-term debt with other financial institutions | ||
Borrowings | ||
Financial liabilities, at fair value | € 111 | € 138 |
Finance debt - Changes in liabi
Finance debt - Changes in liabilities arising from financing activities (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Borrowings | ||
Carrying amount at beginning | € 33,131 | € 31,704 |
Cash flows | (3,563) | (1,183) |
Currency translation differences | 1,044 | 711 |
Changes in the scope of consolidation | (1,571) | 808 |
Other non-monetary changes | 2,827 | 1,091 |
Carrying amount at end | 31,868 | 33,131 |
Long-term debt and current portion of long-term debt | ||
Borrowings | ||
Carrying amount at beginning | 25,495 | 23,804 |
Cash flows | (3,944) | 666 |
Currency translation differences | 208 | 255 |
Changes in the scope of consolidation | 477 | 545 |
Other non-monetary changes | 235 | 225 |
Carrying amount at end | 22,471 | 25,495 |
Short-term debt | ||
Borrowings | ||
Carrying amount at beginning | 2,299 | 2,882 |
Cash flows | 1,375 | (910) |
Currency translation differences | 547 | 153 |
Changes in the scope of consolidation | (95) | 160 |
Other non-monetary changes | 320 | 14 |
Carrying amount at end | 4,446 | 2,299 |
Long-term and current portion of long-term lease liabilities | ||
Borrowings | ||
Carrying amount at beginning | 5,337 | 5,018 |
Cash flows | (994) | (939) |
Currency translation differences | 289 | 303 |
Changes in the scope of consolidation | (1,953) | 103 |
Other non-monetary changes | 2,272 | 852 |
Carrying amount at end | € 4,951 | € 5,337 |
Finance debts - Additional info
Finance debts - Additional information (Details) € in Millions, T in Millions | 12 Months Ended | ||||
Dec. 31, 2025 GW | Dec. 31, 2024 T | Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | Dec. 01, 2021 EUR (€) | |
Borrowings | |||||
Increase (decrease) in finance debts | € (877) | ||||
Debts subjected to covenants | 862 | € 899 | |||
Borrowings | 26,917 | € 27,794 | € 27,794 | ||
Undrawn borrowing facilities | 8,298 | 5,114 | |||
Changes in the scope of consolidation | (1,571) | 808 | |||
Lease liabilities assumptions | 2,401 | € 1,102 | |||
Plenitude | |||||
Borrowings | |||||
Changes in the scope of consolidation | 580 | ||||
Exploration & Production | |||||
Borrowings | |||||
Changes in the scope of consolidation | 2,013 | ||||
Committed borrowing facilities | |||||
Borrowings | |||||
Undrawn borrowing facilities | 8,298 | ||||
Committed borrowing facilities | Refining & Marketing | |||||
Borrowings | |||||
Undrawn borrowing facilities | € 8,100 | ||||
Minimum | |||||
Borrowings | |||||
Discount rates used to measure fair value of financial debt | 1.80% | (0.30%) | |||
Maximum | |||||
Borrowings | |||||
Discount rates used to measure fair value of financial debt | 5.10% | 1.70% | |||
Sustainability-linked contracts with banks | |||||
Borrowings | |||||
Borrowings | € 1,300 | ||||
Sustainability-linked bond | |||||
Borrowings | |||||
Nominal value | 1,000 | ||||
Borrowings | 998 | € 998 | |||
Net carbon footprint upstream target | T | 7.4 | ||||
Renewable energy capacity target | GW | 5 | ||||
Ordinary Bonds | |||||
Borrowings | |||||
Nominal value | 18,376 | ||||
Borrowings | 18,512 | 18,962 | |||
Ordinary Bonds | Not later than 18 months | |||||
Borrowings | |||||
Borrowings | 2,723 | ||||
Euro Medium Term Notes | |||||
Borrowings | |||||
Nominal value | 15,800 | ||||
Maximum amount issuable | 20,000 | ||||
Euro Medium Term Notes, Ordinary Bonds | |||||
Borrowings | |||||
Nominal value | 14,834 | ||||
Borrowings | 14,953 | ||||
Other Bonds | |||||
Borrowings | |||||
Nominal value | 3,542 | ||||
Borrowings | € 3,559 | ||||
Convertible Bonds | |||||
Borrowings | |||||
Borrowings | € 399 |
Information on net borrowing (D
Information on net borrowing (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Borrowings | |||
A. Cash | € 3,351 | € 2,758 | |
B. Cash equivalents | 6,804 | 5,496 | |
C. Other current financial assets | 9,736 | 10,553 | |
D Liquidity (A+B+C) | 19,891 | 18,807 | |
E. Current financial debt | 6,588 | 3,613 | |
F. Current portion of non-current financial debt | 1,839 | 1,415 | |
G. Current financial indebtedness (E+F) | 8,427 | 5,028 | |
H. Net current financial indebtedness (G-D) | (11,464) | (13,779) | |
I. Non-current financial debt | 6,073 | 9,058 | |
J. Debt instruments | 17,368 | 19,045 | |
Total non-current financial liabilities | 23,441 | 28,103 | |
M. Total financial indebtedness (H+L) | 11,977 | 14,324 | |
Restricted cash | 97 | 115 | |
Lease liabilities | 4,951 | 5,337 | € 5,018 |
Current portion of long-term lease liabilities | |||
Borrowings | |||
Lease liabilities | 884 | 948 | 849 |
Long-term lease liabilities | |||
Borrowings | |||
Lease liabilities | 4,067 | 4,389 | € 4,169 |
Joint operations | |||
Borrowings | |||
Lease liabilities | € 494 | € 1,684 |
Provisions (Details)
Provisions (Details) € in Millions | 12 Months Ended |
Dec. 31, 2022 EUR (€) | |
Provisions | |
Carrying amount at beginning of period | € 13,593 |
New or increased provisions | 3,386 |
Initial recognition and changes in estimates | (80) |
Accretion discount | 199 |
Reversal of utilized provisions | (1,218) |
Reversal of unutilized provisions | (302) |
Currency translation differences | 344 |
Changes in scope of consolidation | (618) |
Other changes | (37) |
Carrying amount at end of period | 15,267 |
Provisions for site restoration, abandonment and social projects | |
Provisions | |
Carrying amount at beginning of period | 9,621 |
New or increased provisions | 381 |
Initial recognition and changes in estimates | (80) |
Accretion discount | 218 |
Reversal of utilized provisions | (567) |
Reversal of unutilized provisions | (5) |
Currency translation differences | 303 |
Changes in scope of consolidation | (553) |
Other changes | 4 |
Carrying amount at end of period | 9,322 |
Environmental provisions | |
Provisions | |
Carrying amount at beginning of period | 2,206 |
New or increased provisions | 1,923 |
Accretion discount | (18) |
Reversal of utilized provisions | (364) |
Reversal of unutilized provisions | (223) |
Currency translation differences | 3 |
Other changes | (24) |
Carrying amount at end of period | 3,503 |
Provisions for litigations | |
Provisions | |
Carrying amount at beginning of period | 452 |
New or increased provisions | 552 |
Reversal of utilized provisions | (24) |
Reversal of unutilized provisions | (51) |
Currency translation differences | 16 |
Other changes | 2 |
Carrying amount at end of period | 947 |
Provisions for taxes other than income taxes | |
Provisions | |
Carrying amount at beginning of period | 211 |
New or increased provisions | 54 |
Reversal of utilized provisions | (8) |
Reversal of unutilized provisions | (2) |
Currency translation differences | 10 |
Changes in scope of consolidation | (66) |
Other changes | 20 |
Carrying amount at end of period | 219 |
Loss adjustments and actuarial provisions for Eni's insurance companies | |
Provisions | |
Carrying amount at beginning of period | 295 |
New or increased provisions | 115 |
Reversal of utilized provisions | (95) |
Other changes | 12 |
Carrying amount at end of period | 327 |
Provisions for losses on investments | |
Provisions | |
Carrying amount at beginning of period | 195 |
New or increased provisions | 37 |
Currency translation differences | 3 |
Other changes | (46) |
Carrying amount at end of period | 189 |
Provisions for Everen (ex OIL) insurance cover | |
Provisions | |
Carrying amount at beginning of period | 93 |
New or increased provisions | 4 |
Carrying amount at end of period | 97 |
Miscellaneous other provisions | |
Provisions | |
Carrying amount at beginning of period | 520 |
New or increased provisions | 320 |
Accretion discount | (1) |
Reversal of utilized provisions | (160) |
Reversal of unutilized provisions | (21) |
Currency translation differences | 9 |
Changes in scope of consolidation | 1 |
Other changes | (5) |
Carrying amount at end of period | € 663 |
Provisions - Additional informa
Provisions - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Provisions | ||
Provisions | € 15,267 | € 13,593 |
New or increased provisions | 3,386 | |
Changes in scope of consolidation | (618) | |
Reversal of utilized provisions | (1,218) | |
Provisions for site restoration, abandonment and social projects | ||
Provisions | ||
Provisions | 9,322 | € 9,621 |
New or increased provisions | 381 | |
Changes in scope of consolidation | € (553) | |
Period to incur expenditures | 50 years | |
Threshold period to start utilizations essentially | 12 months | |
Reversal of utilized provisions | € (567) | |
Provisions for site restoration, abandonment and social projects | Minimum | ||
Provisions | ||
Discount rate | (0.30%) | (0.40%) |
Provisions for site restoration, abandonment and social projects | Maximum | ||
Provisions | ||
Discount rate | 6.10% | 3.80% |
Provisions for site restoration, abandonment and social projects | Azule Energy Holdings Ltd | ||
Provisions | ||
Changes in scope of consolidation | € 561 | |
Estimated costs for social projects | Exploration & Production | ||
Provisions | ||
Provisions | € 1,060 | |
Estimated costs for social projects | Exploration & Production | Basilicata region [member] | ||
Provisions | ||
Provisions | 664 | |
Provisions for site restoration | Global Gas & LNG Portfolio | ||
Provisions | ||
Provisions | 7,757 | |
Provisions for site abandonment | Refining & Marketing | ||
Provisions | ||
Provisions | 475 | |
Environmental provisions | ||
Provisions | ||
Provisions | 3,503 | 2,206 |
New or increased provisions | 1,923 | |
Reversal of utilized provisions | (364) | |
Environmental provisions | Eni Rewind SpA | ||
Provisions | ||
Provisions | 2,391 | |
Environmental provisions | Refining & Marketing | ||
Provisions | ||
Provisions | 705 | |
Provisions for current groundwater remediation activities | ||
Provisions | ||
New or increased provisions | 1,245 | |
Provisions for litigations | ||
Provisions | ||
Provisions | 947 | 452 |
New or increased provisions | 552 | |
Reversal of utilized provisions | (24) | |
Provisions for litigations | Exploration & Production | ||
Provisions | ||
Provisions | 315 | |
Provisions for litigations | Global Gas & LNG Portfolio | ||
Provisions | ||
Provisions | 371 | |
Provisions for taxes other than income taxes | ||
Provisions | ||
Provisions | 219 | 211 |
New or increased provisions | 54 | |
Changes in scope of consolidation | (66) | |
Reversal of utilized provisions | (8) | |
Provisions for taxes other than income taxes | Exploration & Production | ||
Provisions | ||
Provisions | 194 | |
Loss adjustments and actuarial provisions for Eni's insurance companies | ||
Provisions | ||
Provisions | 327 | 295 |
New or increased provisions | 115 | |
Reversal of utilized provisions | (95) | |
Reinsurance receivables | 78 | |
Provisions for losses on investments | ||
Provisions | ||
Provisions | 189 | 195 |
New or increased provisions | 37 | |
Provisions for losses on investments | ISAF SpA | ||
Provisions | ||
Provisions | 154 | |
Provisions for Everen (ex OIL) insurance cover | ||
Provisions | ||
Provisions | 97 | € 93 |
New or increased provisions | € 4 | |
Period for charging increased insurance premiums | 5 years |
Provisions for employee benef_3
Provisions for employee benefits (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | € 786 | € 819 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 341 | 301 |
Defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 445 | 518 |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 177 | 227 |
Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | 142 | 129 |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Provisions for employee benefits | € 126 | € 162 |
Provisions for employee benef_4
Provisions for employee benefits - Present value of employee benefits, estimated by applying actuarial techniques (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | € 819 | |
Net benefit liability (asset) at end of year | 786 | € 819 |
Other benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 301 | |
Net benefit liability (asset) at end of year | 341 | 301 |
Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 518 | |
Net benefit liability (asset) at end of year | 445 | 518 |
Italian defined benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 227 | |
Net benefit liability (asset) at end of year | 177 | 227 |
Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 129 | |
Net benefit liability (asset) at end of year | 142 | 129 |
FISDE and other foreign medical plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 162 | |
Net benefit liability (asset) at end of year | 126 | 162 |
Present value of benefit liabilities | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 1,451 | 1,848 |
Current service cost | 67 | 69 |
Interest cost/income | 29 | 26 |
Remeasurements: | (199) | (135) |
- actuarial (gains) losses due to changes in demographic assumptions | 7 | (9) |
- actuarial (gains) losses due to changes in financial assumptions | (228) | (107) |
- experience (gains) losses | 22 | (19) |
Past service cost and (gains) losses settlements | 127 | 107 |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (153) | (139) |
Currency translation differences and other changes | (35) | (326) |
Net defined benefit liability (asset) at end of year | 1,288 | 1,451 |
Present value of benefit liabilities | Other benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 301 | 268 |
Current service cost | 52 | 49 |
Interest cost/income | 1 | |
Remeasurements: | (22) | (11) |
- actuarial (gains) losses due to changes in demographic assumptions | (2) | (1) |
- actuarial (gains) losses due to changes in financial assumptions | (15) | 2 |
- experience (gains) losses | (5) | (12) |
Past service cost and (gains) losses settlements | 127 | 107 |
Benefits paid | (87) | (56) |
Currency translation differences and other changes | (31) | (56) |
Net defined benefit liability (asset) at end of year | 341 | 301 |
Present value of benefit liabilities | Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 1,150 | 1,580 |
Current service cost | 15 | 20 |
Interest cost/income | 28 | 26 |
Remeasurements: | (177) | (124) |
- actuarial (gains) losses due to changes in demographic assumptions | 9 | (8) |
- actuarial (gains) losses due to changes in financial assumptions | (213) | (109) |
- experience (gains) losses | 27 | (7) |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (66) | (83) |
Currency translation differences and other changes | (4) | (270) |
Net defined benefit liability (asset) at end of year | 947 | 1,150 |
Present value of benefit liabilities | Italian defined benefit plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 227 | 258 |
Current service cost | 1 | 1 |
Interest cost/income | 2 | 1 |
Remeasurements: | (26) | |
- actuarial (gains) losses due to changes in demographic assumptions | (1) | |
- actuarial (gains) losses due to changes in financial assumptions | (34) | (1) |
- experience (gains) losses | 8 | 2 |
Benefits paid | (28) | (36) |
Currency translation differences and other changes | 1 | 3 |
Net defined benefit liability (asset) at end of year | 177 | 227 |
Present value of benefit liabilities | Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 761 | 1,140 |
Current service cost | 11 | 16 |
Interest cost/income | 24 | 24 |
Remeasurements: | (118) | (118) |
- actuarial (gains) losses due to changes in demographic assumptions | 9 | (3) |
- actuarial (gains) losses due to changes in financial assumptions | (144) | (111) |
- experience (gains) losses | 17 | (4) |
Plan contributions: | 1 | 1 |
- employee contributions | 1 | 1 |
Benefits paid | (30) | (39) |
Currency translation differences and other changes | (5) | (263) |
Net defined benefit liability (asset) at end of year | 644 | 761 |
Present value of benefit liabilities | FISDE and other foreign medical plans | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) at beginning of year | 162 | 182 |
Current service cost | 3 | 3 |
Interest cost/income | 2 | 1 |
Remeasurements: | (33) | (6) |
- actuarial (gains) losses due to changes in demographic assumptions | (4) | |
- actuarial (gains) losses due to changes in financial assumptions | (35) | 3 |
- experience (gains) losses | 2 | (5) |
Benefits paid | (8) | (8) |
Currency translation differences and other changes | (10) | |
Net defined benefit liability (asset) at end of year | 126 | 162 |
Plan assets | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 633 | 648 |
Interest cost/income | 18 | 12 |
Return on plan assets | (117) | (5) |
Past service cost and (gains) losses settlements | (1) | |
Plan contributions: | 14 | 15 |
- employee contributions | 1 | 1 |
- employer contributions | 13 | 14 |
Benefits paid | (21) | (28) |
Currency translation differences and other changes | (23) | (9) |
Net benefit liability (asset) at end of year | 503 | 633 |
Plan assets | Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 633 | 648 |
Interest cost/income | 18 | 12 |
Return on plan assets | (117) | (5) |
Past service cost and (gains) losses settlements | (1) | |
Plan contributions: | 14 | 15 |
- employee contributions | 1 | 1 |
- employer contributions | 13 | 14 |
Benefits paid | (21) | (28) |
Currency translation differences and other changes | (23) | (9) |
Net benefit liability (asset) at end of year | 503 | 633 |
Plan assets | Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 633 | 648 |
Interest cost/income | 18 | 12 |
Return on plan assets | (117) | (5) |
Past service cost and (gains) losses settlements | (1) | |
Plan contributions: | 14 | 15 |
- employee contributions | 1 | 1 |
- employer contributions | 13 | 14 |
Benefits paid | (21) | (28) |
Currency translation differences and other changes | (23) | (9) |
Net benefit liability (asset) at end of year | 503 | 633 |
Asset ceiling | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 1 | 1 |
Net benefit liability (asset) at end of year | 1 | 1 |
Asset ceiling | Defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 1 | 1 |
Net benefit liability (asset) at end of year | 1 | 1 |
Asset ceiling | Foreign defined benefit plan | ||
Disclosure Of Liability Asset Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) at beginning of year | 1 | 1 |
Net benefit liability (asset) at end of year | € 1 | € 1 |
Provisions for employee benef_5
Provisions for employee benefits - Costs charged to the profit and loss account (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Benefit Plans [Line Items] | ||
Administrative fees paid | € 1 | |
Current service cost | 67 | € 69 |
Past service cost and (gains) losses on settlements | 127 | 107 |
- interest cost on liabilities | 29 | 26 |
- interest income on plan assets | (18) | (12) |
Interest cost (income), net | 11 | 14 |
Remeasurements for long-term plans | (22) | (11) |
Total | 184 | 179 |
Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 1 | |
Total | 174 | 165 |
Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 10 | 14 |
Total | 10 | 14 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 52 | 49 |
Past service cost and (gains) losses on settlements | 127 | 107 |
- interest cost on liabilities | 1 | |
Interest cost (income), net | 1 | |
Remeasurements for long-term plans | (22) | (11) |
Total | 158 | 145 |
Other benefit plans | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 1 | |
Total | 158 | 145 |
Defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 15 | 20 |
- interest cost on liabilities | 28 | 26 |
- interest income on plan assets | (18) | (12) |
Interest cost (income), net | 10 | 14 |
Administrative fees paid | 1 | |
Total | 26 | 34 |
Defined benefit plan | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | 16 | 20 |
Defined benefit plan | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 10 | 14 |
Total | 10 | 14 |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 1 | 1 |
- interest cost on liabilities | 2 | 1 |
Interest cost (income), net | 2 | 1 |
Total | 3 | 2 |
Italian defined benefit plans | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | 1 | 1 |
Italian defined benefit plans | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 2 | 1 |
Total | 2 | 1 |
Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 11 | 16 |
- interest cost on liabilities | 24 | 24 |
- interest income on plan assets | (18) | (12) |
Interest cost (income), net | 6 | 12 |
Administrative fees paid | 1 | |
Total | 18 | 28 |
Foreign defined benefit plan | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | 12 | 16 |
Foreign defined benefit plan | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 6 | 12 |
Total | 6 | 12 |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Current service cost | 3 | 3 |
- interest cost on liabilities | 2 | 1 |
Interest cost (income), net | 2 | 1 |
Total | 5 | 4 |
FISDE and other foreign medical plans | Payroll and related costs | ||
Disclosure Of Benefit Plans [Line Items] | ||
Total | 3 | 3 |
FISDE and other foreign medical plans | Financial income (expense) | ||
Disclosure Of Benefit Plans [Line Items] | ||
Interest cost (income), net | 2 | 1 |
Total | € 2 | € 1 |
Provisions for employee benef_6
Provisions for employee benefits - Costs of defined benefit plans recognized in other comprehensive income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | € 9 | € (8) | |
Actuarial (gains)/losses due to changes in financial assumptions | (213) | (109) | |
Experience (gains) losses | 27 | (7) | |
Return on plan assets | 117 | 5 | |
Remeasurements | (60) | (119) | € 16 |
Italian defined benefit plans | |||
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | (1) | ||
Actuarial (gains)/losses due to changes in financial assumptions | (34) | (1) | |
Experience (gains) losses | 8 | 2 | |
Remeasurements | (26) | ||
Foreign defined benefit plan | |||
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | 9 | (3) | |
Actuarial (gains)/losses due to changes in financial assumptions | (144) | (111) | |
Experience (gains) losses | 17 | (4) | |
Return on plan assets | 117 | 5 | |
Remeasurements | (1) | (113) | |
FISDE and other foreign medical plans | |||
Disclosure Of Benefit Plans [Line Items] | |||
Actuarial (gains)/losses due to changes in demographic assumptions | (4) | ||
Actuarial (gains)/losses due to changes in financial assumptions | (35) | 3 | |
Experience (gains) losses | 2 | (5) | |
Remeasurements | € (33) | € (6) |
Provisions for employee benef_7
Provisions for employee benefits - Plan assets (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Benefit Plans [Line Items] | ||
Cash and cash equivalents | € 23 | € 95 |
Equity securities | 25 | 43 |
Debt securities | 260 | 299 |
Real estate | 11 | 8 |
Derivatives | 4 | 3 |
Investment funds | 4 | 1 |
Assets held by insurance company | 30 | 27 |
Other | 146 | 157 |
Total | 503 | 633 |
Level 1 | ||
Disclosure Of Benefit Plans [Line Items] | ||
Cash and cash equivalents | 23 | 95 |
Equity securities | 25 | 43 |
Debt securities | 260 | 299 |
Real estate | 11 | 8 |
Derivatives | 4 | 3 |
Investment funds | 4 | 1 |
Assets held by insurance company | 26 | 23 |
Other | 146 | 157 |
Total | 499 | 629 |
Level 2 and 3 of fair value hierarchy | ||
Disclosure Of Benefit Plans [Line Items] | ||
Assets held by insurance company | 4 | 4 |
Total | € 4 | € 4 |
Provisions for employee benef_8
Provisions for employee benefits - Actuarial assumptions used in the measurement of the liabilities (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Rate of price inflation | 2.40% | 1.80% |
Other benefit plans | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.40% | 0% |
Other benefit plans | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.70% | 1% |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.70% | 1% |
Rate of compensation increase | 3.40% | 2.80% |
Rate of price inflation | 2.40% | 1.80% |
Foreign defined benefit plan | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 2.20% | 0.30% |
Rate of compensation increase | 1.90% | 1.50% |
Rate of price inflation | 1.20% | 0.70% |
Life expectations on retirement at age 65 | 13 years | 13 years |
Foreign defined benefit plan | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 15.40% | 15.30% |
Rate of compensation increase | 12.50% | 12.50% |
Rate of price inflation | 11.50% | 13.30% |
Life expectations on retirement at age 65 | 24 years | 25 years |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.70% | 1% |
Rate of price inflation | 2.40% | 1.80% |
Life expectations on retirement at age 65 | 24 years | 24 years |
Provisions for employee benef_9
Provisions for employee benefits - Analysis by geographical area related to the main actuarial assumptions (Details) - Foreign defined benefit plan | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 2.20% | 0.30% |
Rate of compensation increase | 1.90% | 1.50% |
Rate of price inflation | 1.20% | 0.70% |
Life expectations on retirement at age 65 | 13 years | 13 years |
Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 15.40% | 15.30% |
Rate of compensation increase | 12.50% | 12.50% |
Rate of price inflation | 11.50% | 13.30% |
Life expectations on retirement at age 65 | 24 years | 25 years |
Euro Area | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.50% | 0.90% |
Rate of compensation increase | 1.90% | 1.50% |
Rate of price inflation | 1.90% | 1.50% |
Life expectations on retirement at age 65 | 21 years | 21 years |
Euro Area | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.80% | 1.20% |
Rate of compensation increase | 3% | 3% |
Rate of price inflation | 2.20% | 1.90% |
Life expectations on retirement at age 65 | 22 years | 23 years |
Rest of Europe | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 2.20% | 0.30% |
Rate of compensation increase | 3% | 2.50% |
Rate of price inflation | 1.20% | 0.70% |
Life expectations on retirement at age 65 | 23 years | 23 years |
Rest of Europe | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 4.80% | 1.90% |
Rate of compensation increase | 4% | 4% |
Rate of price inflation | 3.50% | 3.50% |
Life expectations on retirement at age 65 | 24 years | 25 years |
Africa | Minimum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 3.80% | 3% |
Rate of compensation increase | 1.90% | 1.90% |
Rate of price inflation | 3% | 3% |
Life expectations on retirement at age 65 | 13 years | 13 years |
Africa | Maximum | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 15.40% | 15.30% |
Rate of compensation increase | 12.50% | 12.50% |
Rate of price inflation | 11.50% | 13.30% |
Life expectations on retirement at age 65 | 17 years | 15 years |
Other areas | ||
Disclosure Of Benefit Plans [Line Items] | ||
Discount rate | 7% | 6.70% |
Rate of compensation increase | 5% | 5% |
Rate of price inflation | 3% | 3% |
Provisions for employee bene_10
Provisions for employee benefits - Effects of a possible change in the main actuarial assumptions (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Benefit Plans [Line Items] | ||
Percentage of reasonably possible increase in actuarial assumption | 0.50% | 0.50% |
Percentage of reasonably possible decrease in actuarial assumption | 0.50% | 0.50% |
Other benefit plans | Actuarial assumption of discount rates | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in other benefit obligation due to reasonably possible increase in actuarial assumption | € (3) | € (4) |
Increase (decrease) in other benefit obligation due to reasonably possible decrease in actuarial assumption | 3 | 1 |
Other benefit plans | Actuarial assumption of expected rates of inflation | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in other benefit obligation due to reasonably possible increase in actuarial assumption | 1 | 1 |
Italian defined benefit plans | Actuarial assumption of discount rates | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (6) | (9) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 7 | 9 |
Italian defined benefit plans | Actuarial assumption of expected rates of inflation | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 4 | 6 |
Foreign defined benefit plan | Actuarial assumption of discount rates | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (33) | (49) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 34 | 55 |
Foreign defined benefit plan | Actuarial assumption of expected rates of inflation | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 19 | 34 |
Foreign defined benefit plan | Actuarial assumption of expected rates of salary increases | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 10 | 11 |
Foreign defined benefit plan | Actuarial assumption of expected rates of pension increases | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | 13 | 28 |
FISDE and other foreign medical plans | Actuarial assumption of discount rates | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | (6) | (10) |
Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption | 7 | 11 |
FISDE and other foreign medical plans | Actuarial assumption of medical cost trend rates | ||
Disclosure Of Benefit Plans [Line Items] | ||
Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption | € 6 | € 10 |
Provisions for employee bene_11
Provisions for employee benefits - Maturity analysis (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 786 | € 819 |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 341 | € 301 |
Other benefit plans | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of benefit obligation | 2 years 6 months | 3 years 1 month 6 days |
Other benefit plans | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 94 | € 83 |
Other benefit plans | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 95 | 80 |
Other benefit plans | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 85 | 69 |
Other benefit plans | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 30 | 25 |
Other benefit plans | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 16 | 11 |
Other benefit plans | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 21 | 33 |
Italian defined benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 177 | € 227 |
Italian defined benefit plans | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of defined benefit obligation | 7 years 6 months | 9 years 9 months 18 days |
Italian defined benefit plans | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 14 | € 16 |
Italian defined benefit plans | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 13 | 16 |
Italian defined benefit plans | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 14 | 18 |
Italian defined benefit plans | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 17 | 20 |
Italian defined benefit plans | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 15 | 20 |
Italian defined benefit plans | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 104 | 137 |
Foreign defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 142 | € 129 |
Foreign defined benefit plan | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of defined benefit obligation | 13 years 2 months 12 days | 17 years 7 months 6 days |
Foreign defined benefit plan | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 29 | € 23 |
Foreign defined benefit plan | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 28 | 24 |
Foreign defined benefit plan | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 26 | 29 |
Foreign defined benefit plan | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 35 | 24 |
Foreign defined benefit plan | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 31 | 25 |
Foreign defined benefit plan | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | (7) | 4 |
FISDE and other foreign medical plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 126 | € 162 |
FISDE and other foreign medical plans | Average | ||
Disclosure Of Benefit Plans [Line Items] | ||
Weighted average duration of defined benefit obligation | 11 years 6 months | 13 years 7 months 6 days |
FISDE and other foreign medical plans | within 1 year | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 7 | € 9 |
FISDE and other foreign medical plans | Later than one year and not later than two years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than two years and not later than three years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than three years and not later than four years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | Later than four years and not later than five years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | 7 | 7 |
FISDE and other foreign medical plans | beyond 5 years | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net defined benefit liability (asset) | € 91 | € 125 |
Provisions for employee bene_12
Provisions for employee benefits - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 786 | € 819 |
Estimate of contributions expected to be paid to plan for next annual reporting period | 134 | |
Exploration & Production | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 22 | 1 |
Defined benefit plan | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 445 | 518 |
Estimate of contributions expected to be paid to plan for next annual reporting period | 40 | |
Other benefit plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 341 | € 301 |
Deferred monetary incentive plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 115 | |
Agreed redundancy plans for workers | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 85 | |
Isopensione | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 99 | |
Jubilee Awards | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | 26 | |
Other Long term Plans | ||
Disclosure Of Benefit Plans [Line Items] | ||
Net benefit liability (asset) | € 16 |
Deferred tax assets and liabi_3
Deferred tax assets and liabilities (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred tax assets and liabilities | ||
Deferred tax liabilities before offsetting | € 9,315 | € 10,668 |
Deferred tax assets available for offset | (4,221) | (5,833) |
Deferred tax liabilities | 5,094 | 4,835 |
Deferred tax assets before offsetting (net of accumulated write-down provisions) | 8,790 | 8,546 |
Deferred tax liabilities available for offset | (4,221) | (5,833) |
Deferred tax assets | € 4,569 | € 2,713 |
Deferred tax assets and liabi_4
Deferred tax assets and liabilities - Significant temporary differences (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Temporary differences | ||
Deferred tax liabilities before offsetting | € 9,315 | € 10,668 |
Deferred tax assets | (8,790) | (8,546) |
Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (14,960) | (17,150) |
Accumulated impairment | ||
Temporary differences | ||
Accumulated write-downs of deferred tax assets | 6,170 | 8,604 |
Accelerated tax depreciation | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 6,707 | 7,346 |
Derivatives | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 788 | 916 |
Derivatives | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (60) | (343) |
Difference between the fair value and the carrying amount of assets acquired | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 288 | 408 |
Site restoration and abandonment (tangible assets) | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 276 | 166 |
Leasing | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 162 | 1,076 |
Leasing | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (182) | (1,091) |
Application of the weighted average cost method in evaluation of inventories | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 52 | 87 |
Unused tax losses | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (6,752) | (7,374) |
Site restoration and abandonment (provisions for contingencies) | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,986) | (2,400) |
Timing differences on depreciation and amortization | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,710) | (2,354) |
Impairment losses | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,490) | (1,095) |
Accruals for impairment losses and provisions for contingencies | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (1,246) | (1,417) |
Employee benefits | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (161) | (155) |
Unrealized intercompany profits | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (68) | (71) |
Over/Under lifting | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | (59) | (219) |
Other temporary differences | ||
Temporary differences | ||
Deferred tax liabilities before offsetting | 1,042 | 669 |
Other temporary differences | Deferred tax assets, gross | ||
Temporary differences | ||
Deferred tax assets | € (1,246) | € (631) |
Deferred tax assets and liabi_5
Deferred tax assets and liabilities - Changes in deferred tax liabilities and assets (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Deferred tax liabilities before offsetting | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | € 10,668 | € 8,581 |
Additions | 1,176 | 1,977 |
Deductions | (1,351) | (765) |
Changes with effect to OCI | 382 | |
Currency translation differences | 611 | 683 |
Changes in scope of consolidation | (1,951) | |
Other changes | (220) | 192 |
Deferred tax liability (asset) at end of year | 9,315 | 10,668 |
Deferred tax assets before offsetting, gross | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | (17,150) | (16,231) |
Additions | (2,215) | (1,783) |
Deductions | 2,532 | 1,804 |
Changes with effect to OCI | (147) | |
Currency translation differences | (610) | (682) |
Changes in scope of consolidation | 2,279 | |
Other changes | 351 | (258) |
Deferred tax liability (asset) at end of year | (14,960) | (17,150) |
Accumulated impairment | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | 8,604 | 9,065 |
Additions | 464 | 270 |
Deductions | (2,409) | (863) |
Currency translation differences | 165 | 186 |
Changes in scope of consolidation | (549) | |
Other changes | (105) | (54) |
Deferred tax liability (asset) at end of year | 6,170 | 8,604 |
Deferred tax assets before offsetting net of accumulated write-down provisions | ||
Deferred tax assets and liabilities | ||
Deferred tax liability (asset) at beginning of year | (8,546) | (7,166) |
Additions | (1,751) | (1,513) |
Deductions | 123 | 941 |
Changes with effect to OCI | (147) | |
Currency translation differences | (445) | (496) |
Changes in scope of consolidation | 1,730 | |
Other changes | 246 | (312) |
Deferred tax liability (asset) at end of year | € (8,790) | € (8,546) |
Deferred tax assets and liabi_6
Deferred tax assets and liabilities - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 25,932 | ||
Carry-forward tax losses indefinitely | 19,656 | ||
Deferred tax assets | € 8,790 | € 8,546 | |
Tax rate | 24% | 24% | 24% |
Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Increase (decrease) in deferred tax liability (asset) | € (2,434) | ||
Italy | |||
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 14,000 | ||
Tax rate | 24% | ||
Italy | Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 3,951 | ||
Italy | Unused tax losses | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | 3,360 | ||
Foreign (outside Italy) | |||
Deferred tax assets and liabilities | |||
Carry-forward tax losses | € 11,932 | ||
Tax rate | 28.40% | ||
Foreign (outside Italy) | Accumulated impairment | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 2,219 | ||
Foreign (outside Italy) | Unused tax losses | |||
Deferred tax assets and liabilities | |||
Deferred tax assets | € 3,392 |
Derivative financial instrume_3
Derivative financial instruments and hedge accounting (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 17,068 | € 19,670 |
Offsetting | (5,863) | (7,159) |
Net amount | 11,205 | 12,511 |
- current | 11,076 | 12,460 |
- non-current | 129 | 51 |
Derivative financial liabilities | 15,191 | 20,185 |
Offsetting | (5,863) | (7,159) |
Net amount | 9,328 | 13,026 |
- current | 9,042 | 12,911 |
- non-current | 286 | 115 |
Non-hedging derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 16,708 | 19,470 |
Derivative financial liabilities | 14,855 | 17,713 |
Non-hedging derivatives | Currency | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 114 | 146 |
Derivative financial liabilities | 288 | 57 |
Non-hedging derivatives | Currency | Currency swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 110 | 113 |
Derivative financial liabilities | 132 | 39 |
Non-hedging derivatives | Currency | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 1 | 30 |
Derivative financial liabilities | 144 | 7 |
Non-hedging derivatives | Currency | Outright | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 3 | 3 |
Derivative financial liabilities | 12 | 11 |
Non-hedging derivatives | Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 137 | 13 |
Derivative financial liabilities | 58 | 43 |
Non-hedging derivatives | Interest rate risk | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 137 | 13 |
Derivative financial liabilities | 58 | 43 |
Non-hedging derivatives | Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 16,457 | 19,311 |
Derivative financial liabilities | 14,509 | 17,613 |
Non-hedging derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 6,886 | 7,158 |
Derivative financial liabilities | 5,764 | 5,498 |
Non-hedging derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 9,571 | 12,152 |
Derivative financial liabilities | 8,663 | 12,060 |
Non-hedging derivatives | Commodity price risk | Options | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 2 | |
Non-hedging derivatives | Commodity price risk | Other contracts | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 1 | |
Derivative financial liabilities | 80 | 55 |
Cash flow hedge derivatives | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 360 | 200 |
Derivative financial liabilities | 192 | 2,410 |
Cash flow hedge derivatives | Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 21 | |
Derivative financial liabilities | 3 | |
Cash flow hedge derivatives | Interest rate risk | Interest rate swap contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 21 | |
Derivative financial liabilities | 3 | |
Cash flow hedge derivatives | Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 339 | 200 |
Derivative financial liabilities | 192 | 2,407 |
Cash flow hedge derivatives | Commodity price risk | Futures contract | Level 1 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 339 | 193 |
Derivative financial liabilities | 192 | 1,672 |
Cash flow hedge derivatives | Commodity price risk | Over the counter contract | Level 2 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | 7 | |
Derivative financial liabilities | 735 | |
Option contract | Other contracts | Level 3 | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | 144 | 62 |
Option contract | Currency | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial liabilities | € 144 | € 62 |
Derivative financial instrume_4
Derivative financial instruments and hedge accounting - Hedging derivative instruments (Details) - Cash flow hedge derivatives € in Millions | 12 Months Ended | |
Dec. 31, 2022 EUR (€) | Dec. 31, 2021 EUR (€) | |
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 1,560 | (741) |
Change in fair value (effective hedge) | € (3,883) | € (1,479) |
Change in fair value (ineffective hedge) | € 275 | € (51) |
Commodity price risk | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 1,433 | (825) |
Change in fair value (effective hedge) | € (3,907) | € (1,482) |
Change in fair value (ineffective hedge) | € 275 | € (51) |
Commodity price risk | Over the counter contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 83 | (461) |
Change in fair value (effective hedge) | € (4) | € (2,016) |
Change in fair value (ineffective hedge) | € (46) | |
Commodity price risk | Futures contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 1,350 | (364) |
Change in fair value (effective hedge) | € (3,912) | € 534 |
Change in fair value (ineffective hedge) | 275 | € (5) |
Commodity price risk | Options | ||
Derivative financial instruments and hedge accounting | ||
Change in fair value (effective hedge) | € 9 | |
Interest rate risk | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 127 | 84 |
Change in fair value (effective hedge) | € 24 | € 3 |
Interest rate risk | Interest rate swap contract | ||
Derivative financial instruments and hedge accounting | ||
Nominal amount of hedging instruments | 127 | 84 |
Change in fair value (effective hedge) | € 24 | € 3 |
Derivative financial instrume_5
Derivative financial instruments and hedge accounting - Underlying asset or liability by type of risk hedged under cash flow hedge (Details) - Cash flow hedge derivatives - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | € 4,044 | € 83 |
CFH reserve | (483) | (1,269) |
Reclassification adjustments on cash flow hedges, before tax | (4,677) | (215) |
Commodity price risk | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | 4,059 | 86 |
CFH reserve | (499) | (1,272) |
Reclassification adjustments on cash flow hedges, before tax | (4,666) | (215) |
Commodity price risk | Planned sales | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | 4,059 | 86 |
CFH reserve | (499) | (1,272) |
Reclassification adjustments on cash flow hedges, before tax | (4,666) | (215) |
Interest rate risk | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (15) | (3) |
CFH reserve | 16 | 3 |
Reclassification adjustments on cash flow hedges, before tax | (11) | |
Interest rate risk | Hedged flows | ||
Cash flow hedges [abstract] | ||
Change of underlying asset used for calculation of hedging ineffectiveness | (15) | (3) |
CFH reserve | 16 | € 3 |
Reclassification adjustments on cash flow hedges, before tax | € (11) |
Derivative financial instrume_6
Derivative financial instruments and hedge accounting - Effects recognized in other operating profit (loss) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | € (1,736) | € 903 | € (766) |
Derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | (1,736) | 903 | (766) |
Cash flow hedge derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | 275 | (51) | (1) |
Other derivatives | |||
Derivative financial instruments and hedge accounting | |||
Other operating income (expense) | € (2,011) | € 954 | € (765) |
Derivative financial instrume_7
Derivative financial instruments and hedge accounting - Effects recognized in finance income (loss) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € 13 | € (306) | € 351 |
Currency | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | (70) | (322) | 391 |
Interest rate risk | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | 81 | € 16 | € (40) |
Option contract | |||
Derivative financial instruments and hedge accounting | |||
Income (expense) from derivative financial instruments | € 2 |
Derivative financial instrume_8
Derivative financial instruments and hedge accounting - Additional Information (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 17,068 | € 19,670 |
Fair value hedges | US Dollars | ||
Derivative financial instruments and hedge accounting | ||
Exchange rate risk deriving from securities | € 2,723 | |
Hedging instrument | 107 | |
Bonds issued | € 2,684 | |
Cash flow hedges | Sustainability | ||
Derivative financial instruments and hedge accounting | ||
Derivative financial assets | € 39 |
Assets held for sale and liab_2
Assets held for sale and liabilities directly associated with assets held for sale (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | € 264 | € 263 |
Liabilities held for sale | 108 | € 124 |
Eni AEP Ltd, Eni Pakistan Ltd, Eni Pakistan (M) Ltd Srl and Eni New Energy Pakistan (Private) Ltd. [Member] | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | 211 | |
Liabilities held for sale | 98 | |
Assets held for sale, current | 72 | |
Liabilities held for sale, current | 86 | |
Gas Distribution Company of Thessaloniki Thessaly SA | Italgas Group | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Assets held for sale | 165 | |
Capital gain on disposal of investment | € 30 | |
Assets held for sale | Eni Corridor Srl | ||
Assets held for sale and liabilities directly associated with assets held for sale | ||
Equity interest disposed (as a percent) | 49.90% |
Equity - Non-controlling intere
Equity - Non-controlling interest (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Non-controlling Interest | |||
Net Profit | € 74 | € 19 | € 7 |
Equity | 471 | 82 | |
EniPower Group | |||
Non-controlling Interest | |||
Net Profit | 54 | 7 | |
Equity | 373 | 30 | |
Others | |||
Non-controlling Interest | |||
Net Profit | 20 | 12 | |
Equity | € 98 | € 52 |
Equity (Details)
Equity (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Equity | ||
Share capital | € 4,005 | € 4,005 |
Retained earnings | 23,455 | 22,750 |
Cumulative currency translation differences | 7,564 | 6,530 |
Perpetual subordinated bonds | 5,000 | 5,000 |
Legal reserve | 959 | 959 |
Reserve for treasury shares | 2,937 | 958 |
Reserve for OCI on cash flow hedging derivatives net of the tax effect | (342) | (896) |
Reserve for OCI on defined benefit plans net of tax effect | (58) | (117) |
Reserve for OCI on equity-accounted investments | 46 | 54 |
Reserve for OCI on other investments valued at fair value | 53 | 141 |
Other reserves | 190 | 190 |
Treasury shares | (2,937) | (958) |
Net profit (loss) for the year | 13,887 | 5,821 |
Equity attributable to equity holders of Eni | € 54,759 | € 44,437 |
Equity - Reserves for Other Com
Equity - Reserves for Other Comprehensive Income (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reserves within equity | ||
Balance | € 44,519 | € 37,493 |
Balance | 55,230 | 44,519 |
Reserve for OCI on cash flow hedge derivatives | ||
Reserves within equity | ||
Balance | (896) | (5) |
Changes of the year | (2,750) | (1,045) |
Reversal to inventories adjustments | (6) | 1 |
Reclassification adjustments | 3,310 | 153 |
Balance | (342) | (896) |
Reserve for OCI on cash flow hedge derivatives | Gross reserve | ||
Reserves within equity | ||
Balance | (1,269) | (7) |
Changes of the year | (3,883) | (1,479) |
Reversal to inventories adjustments | (8) | 2 |
Reclassification adjustments | 4,677 | 215 |
Balance | (483) | (1,269) |
Reserve for OCI on cash flow hedge derivatives | Deferred tax liabilities, gross | ||
Reserves within equity | ||
Balance | 373 | 2 |
Changes of the year | 1,133 | 434 |
Reversal to inventories adjustments | 2 | (1) |
Reclassification adjustments | (1,367) | (62) |
Balance | 141 | 373 |
Reserve for OCI on defined benefit plans | ||
Reserves within equity | ||
Balance | (117) | (158) |
Changes of the year | 55 | 42 |
Currency translation differences | 1 | (1) |
Changes in scope of consolidation | 3 | |
Balance | (58) | (117) |
OCI relating to equity-accounted investments | 1 | (4) |
Reserve for OCI on defined benefit plans | Gross reserve | ||
Reserves within equity | ||
Balance | (84) | (205) |
Changes of the year | 60 | 119 |
Currency translation differences | 1 | 2 |
Changes in scope of consolidation | 3 | |
Balance | (20) | (84) |
Reserve for OCI on defined benefit plans | Deferred tax liabilities, gross | ||
Reserves within equity | ||
Balance | (33) | 47 |
Changes of the year | (5) | (77) |
Currency translation differences | (3) | |
Balance | (38) | (33) |
Reserve for OCI on equity-accounted investments | ||
Reserves within equity | ||
Balance | 54 | 85 |
Changes of the year | 92 | (32) |
Currency translation differences | 1 | |
Changes in scope of consolidation | 1 | |
Reclassification adjustments | (101) | |
Balance | 46 | 54 |
Reserve for OCI on Investments fair value | ||
Reserves within equity | ||
Balance | 141 | 36 |
Changes of the year | 56 | 105 |
Reclassification to retained earnings | (144) | |
Balance | € 53 | € 141 |
Equity - Reconciliation of net
Equity - Reconciliation of net profit and shareholders' equity of parent company (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Separate to consolidated reconciliation | ||||
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Net profit | € 7,375 | € (3,324) | ||
- adjustments to comply with Group accounting policies, Net profit | 797 | 1,855 | ||
- elimination of unrealized intercompany profits, Net profit | 124 | (176) | ||
- deferred taxation, Net profit | 262 | (190) | ||
Profit (loss) | 13,961 | 5,840 | € (8,628) | |
Non-controlling interest, Net profit | (74) | (19) | (7) | |
Profit (loss), attributable to owners of parent | 13,887 | 5,821 | (8,635) | |
Excess of net equity stated in the separate accounts of consolidated subsidiaries over the corresponding carrying amounts of the parent company, Shareholders' equity | (1,302) | (9,910) | ||
- difference between purchase cost and underlying carrying amounts of net equity, Shareholders' equity | 153 | 153 | ||
- adjustments to comply with Group accounting policies, Shareholders' equity | 4,468 | 4,266 | ||
- elimination of unrealized intercompany profits, Shareholders' equity | (533) | (654) | ||
- deferred taxation, Shareholders' equity | (76) | (375) | ||
Equity. | 55,230 | 44,519 | € 37,493 | € 47,900 |
Non-controlling interest | (471) | (82) | ||
As recorded in Consolidated Financial Statements, Shareholders' equity | 54,759 | 44,437 | ||
Eni SpA's Financial Statements | ||||
Separate to consolidated reconciliation | ||||
Profit (loss) | 5,403 | 7,675 | ||
Equity. | € 52,520 | € 51,039 |
Equity - Additional information
Equity - Additional information (Details) - EUR (€) | 12 Months Ended | |||||||||||||||||||
Feb. 22, 2023 | Oct. 27, 2022 | Jul. 28, 2022 | May 13, 2022 | May 11, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | May 11, 2050 | Oct. 13, 2049 | May 11, 2047 | Jan. 13, 2046 | May 11, 2035 | Oct. 13, 2034 | May 11, 2032 | Jan. 13, 2031 | May 11, 2030 | Oct. 13, 2029 | May 11, 2027 | Jan. 13, 2026 | |
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||||||||||||||
Dividend per share to fully settle prior year dividend | € 0.43 | |||||||||||||||||||
Dividends recognised as distributions to owners per share | € 0.43 | |||||||||||||||||||
Number of treasury shares cancelled | 34,106,871 | 34,106,871 | ||||||||||||||||||
Reduction of the related reserve due to cancellation of treasury shares | € 400,000,000 | |||||||||||||||||||
Dividends paid, ordinary shares per share | € 0.22 | € 0.22 | € 0.22 | |||||||||||||||||
Percentage of ordinary shares authorized to be purchased | 10% | |||||||||||||||||||
Purchase of shares, maximum authorised amount | € 2,500,000,000 | |||||||||||||||||||
Number of treasury shares purchased | 195,550,084 | |||||||||||||||||||
Purchase of treasury shares | € 2,400,000,000 | € 400,000,000 | ||||||||||||||||||
Interim dividend distribution of Eni SpA | 1,500,000,000 | € 1,533,000,000 | € 429,000,000 | |||||||||||||||||
Interim dividends paid per share | € 0.86 | |||||||||||||||||||
Costs for the issue of perpetual subordinated bonds | € 15,000,000 | € 25,000,000 | ||||||||||||||||||
Other reserves | € 190,000,000 | 190,000,000 | ||||||||||||||||||
Number of treasury shares | 195,550,084 | |||||||||||||||||||
Treasury shares | € 2,937,000,000 | 958,000,000 | ||||||||||||||||||
Cancellation of treasury shares | € 400,000,000 | |||||||||||||||||||
Treasury shares assigned | 1,183,552 | |||||||||||||||||||
Distributable reserves | € 45,000,000,000 | |||||||||||||||||||
Long-Term Monetary Incentive Plan 2020 - 2022 | ||||||||||||||||||||
Treasury shares assigned | 20,000,000 | |||||||||||||||||||
Retained earnings | ||||||||||||||||||||
Interim dividend distribution of Eni SpA | € 1,500,000,000 | |||||||||||||||||||
Interim dividends paid per share | € 0.44 | |||||||||||||||||||
Perpetual subordinated bonds | ||||||||||||||||||||
Notional amount | € 5,000,000,000 | |||||||||||||||||||
Perpetual subordinated bond, one | ||||||||||||||||||||
Notional amount | € 1,500,000,000 | |||||||||||||||||||
Term of the bonds | 5 years 3 months | |||||||||||||||||||
Reoffer price (as a percent) | 99.403% | |||||||||||||||||||
Annual fixed coupon (as a percent) | 2.625% | |||||||||||||||||||
Perpetual subordinated bond, one | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 316.70% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||||||
Perpetual subordinated bond, two | ||||||||||||||||||||
Notional amount | € 1,500,000,000 | |||||||||||||||||||
Term of the bonds | 9 years | |||||||||||||||||||
Reoffer price (as a percent) | 100% | |||||||||||||||||||
Annual fixed coupon (as a percent) | 3.375% | |||||||||||||||||||
Perpetual subordinated bond, two | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 364.10% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||||||
Perpetual subordinated bond three | ||||||||||||||||||||
Notional amount | € 1,000,000,000 | |||||||||||||||||||
Term of the bonds | 6 years | |||||||||||||||||||
Reoffer price (as a percent) | 100% | |||||||||||||||||||
Annual fixed coupon (as a percent) | 2% | |||||||||||||||||||
Perpetual subordinated bond three | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 220.40% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||||||
Perpetual subordinated bond four | ||||||||||||||||||||
Notional amount | € 1,000,000,000 | |||||||||||||||||||
Term of the bonds | 9 years | |||||||||||||||||||
Reoffer price (as a percent) | 99.607% | |||||||||||||||||||
Annual fixed coupon (as a percent) | 2.75% | |||||||||||||||||||
Perpetual subordinated bond four | Five Year Euro Mid Swap Rate | ||||||||||||||||||||
Initial spread on variable rate (as a percent) | 277.10% | |||||||||||||||||||
Additional spread on variable rate (as a percent) | 75% | 25% | ||||||||||||||||||
Merger reserve | ||||||||||||||||||||
Other reserves | € 190,000,000 | |||||||||||||||||||
ENI SpA | ||||||||||||||||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||||||||||||||||||
ENI SpA | Ordinary shares | ||||||||||||||||||||
Number of shares issued | 3,571,487,977 | 3,605,594,848 | ||||||||||||||||||
Number of treasury shares | 226,097,834 | 65,838,173 |
Other information - Supplementa
Other information - Supplemental Cash Flow Information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Investment in consolidated subsidiaries and businesses | |||
Current assets | € 147 | € 15 | |
Non-current assets | 2,463 | 193 | |
Net borrowings | (541) | (64) | |
Current and non-current liabilities | (366) | (17) | |
Net effect of investments | 1,703 | 127 | |
Fair value of investments held before the acquisition of control | (21) | ||
Non-controlling interests | (15) | (15) | |
Purchase price | 1,667 | 112 | |
Cash and cash equivalents acquired | (31) | (3) | |
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination | 1,636 | € 1,901 | € 109 |
Disposal of consolidated subsidiaries and businesses | |||
Current assets | 1,377 | ||
Non-current assets | 8,618 | ||
Net borrowings | (2,085) | ||
Current and non-current liabilities | (2,351) | ||
Net effect of disposals | 5,559 | ||
Current value of the stake held for business combinations | (5,726) | ||
Reclassification among other items of OCI | (918) | ||
Gain on disposal of business combinations | 2,704 | ||
Credits for divestments | (1,609) | ||
Selling price | 10 | ||
Cash and cash equivalents sold | (70) | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | € (60) | 76 | |
Business combinations excluding Union Fenosa Gas | |||
Investment in consolidated subsidiaries and businesses | |||
Current assets | 262 | ||
Non-current assets | 2,698 | ||
Net borrowings | (486) | ||
Current and non-current liabilities | (349) | ||
Net effect of investments | 2,125 | ||
Fair value of investments held before the acquisition of control | (99) | ||
Non-controlling interests | (4) | ||
Purchase price | 2,022 | ||
Cash and cash equivalents acquired | (121) | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of before business combination | 1,901 | ||
Disposal of consolidated subsidiaries and businesses | |||
Current assets | 2 | ||
Net effect of disposals | 2 | ||
Selling price | 2 | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | 2 | ||
Union Fenosa Gas SA | |||
Investment in consolidated subsidiaries and businesses | |||
Value of investment sold | 232 | ||
Current assets | 370 | ||
Non-current assets | 378 | ||
Net borrowings | (128) | ||
Current and non-current liabilities | (420) | ||
Net effect of investments | 200 | ||
Cash and cash equivalents acquired | 42 | ||
Disposal of consolidated subsidiaries and businesses | |||
Net effect of disposals | 32 | ||
Consolidated subsidiaries and businesses net of cash and cash equivalent disposed of | € 74 |
Other information - Provisional
Other information - Provisional and definitive price allocation of the net assets acquired (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2020 |
Other information | ||
Current assets | € 147 | € 15 |
Property, plant and equipement | 1,472 | |
Goodwill | 482 | |
Current and non current assets | 509 | |
Current and non current liabilities | (366) | (17) |
Net effects of investments | 1,703 | 127 |
Non-controlling interests | (15) | (15) |
Total purchase price | 1,667 | € 112 |
FRI-EL Biogas Holding SpA | Provisional allocation | ||
Other information | ||
Current assets | 23 | |
Property, plant and equipement | 38 | |
Goodwill | 80 | |
Current and non current assets | 15 | |
Cash and cash equivalent (Net borrowings) | (14) | |
Current and non current liabilities | (9) | |
Net effects of investments | 133 | |
Non-controlling interests | (1) | |
Total purchase price | 132 | |
FRI-EL Biogas Holding SpA | Definitive allocation | ||
Other information | ||
Current assets | 23 | |
Property, plant and equipement | 144 | |
Goodwill | 9 | |
Current and non current assets | 15 | |
Cash and cash equivalent (Net borrowings) | (14) | |
Current and non current liabilities | (44) | |
Net effects of investments | 133 | |
Non-controlling interests | (1) | |
Total purchase price | 132 | |
Portfolio Of Thirteen Onshore Wind Facilities | Provisional allocation | ||
Other information | ||
Current assets | 32 | |
Property, plant and equipement | 423 | |
Goodwill | 302 | |
Current and non current assets | 43 | |
Cash and cash equivalent (Net borrowings) | (215) | |
Current and non current liabilities | (100) | |
Net effects of investments | 485 | |
Total purchase price | 485 | |
Portfolio Of Thirteen Onshore Wind Facilities | Definitive allocation | ||
Other information | ||
Current assets | 31 | |
Property, plant and equipement | 209 | |
Goodwill | 307 | |
Current and non current assets | 252 | |
Cash and cash equivalent (Net borrowings) | (214) | |
Current and non current liabilities | (100) | |
Net effects of investments | 485 | |
Total purchase price | 485 | |
Dhamma Energy Group | Provisional allocation | ||
Other information | ||
Current assets | 2 | |
Property, plant and equipement | 119 | |
Goodwill | 120 | |
Current and non current assets | 15 | |
Cash and cash equivalent (Net borrowings) | (101) | |
Current and non current liabilities | (12) | |
Net effects of investments | 143 | |
Non-controlling interests | (3) | |
Total purchase price | 140 | |
Dhamma Energy Group | Definitive allocation | ||
Other information | ||
Current assets | 3 | |
Property, plant and equipement | 94 | |
Goodwill | 124 | |
Current and non current assets | 33 | |
Cash and cash equivalent (Net borrowings) | (97) | |
Current and non current liabilities | (11) | |
Net effects of investments | 146 | |
Non-controlling interests | (3) | |
Total purchase price | 143 | |
Portfolio Of Nine Renewable Energy Projects | Provisional allocation | ||
Other information | ||
Current assets | 7 | |
Property, plant and equipement | 57 | |
Goodwill | 81 | |
Current and non current assets | 25 | |
Cash and cash equivalent (Net borrowings) | (32) | |
Current and non current liabilities | (20) | |
Net effects of investments | 118 | |
Total purchase price | 118 | |
Portfolio Of Nine Renewable Energy Projects | Definitive allocation | ||
Other information | ||
Current assets | 7 | |
Property, plant and equipement | 21 | |
Goodwill | 79 | |
Current and non current assets | 68 | |
Cash and cash equivalent (Net borrowings) | (38) | |
Current and non current liabilities | (21) | |
Net effects of investments | 116 | |
Total purchase price | 116 | |
Be Power | Provisional allocation | ||
Other information | ||
Current assets | 22 | |
Property, plant and equipement | 29 | |
Goodwill | 728 | |
Current and non current assets | 10 | |
Cash and cash equivalent (Net borrowings) | 9 | |
Current and non current liabilities | (34) | |
Net effects of investments | 764 | |
Total purchase price | 764 | |
Be Power | Definitive allocation | ||
Other information | ||
Current assets | 22 | |
Property, plant and equipement | 29 | |
Goodwill | 718 | |
Current and non current assets | 22 | |
Cash and cash equivalent (Net borrowings) | 10 | |
Current and non current liabilities | (37) | |
Net effects of investments | 764 | |
Total purchase price | € 764 |
Other information - Additional
Other information - Additional Information (Details) Item in Thousands, € in Millions | 12 Months Ended | ||
Dec. 31, 2021 Number Item GW MW | Dec. 31, 2020 EUR (€) Number | Dec. 31, 2022 EUR (€) | |
Other information | |||
Consideration transferred, acquisition-date fair value | € | € 112 | € 1,667 | |
Evolvere | |||
Other information | |||
Equity interest acquired (as a percent) | 70% | ||
Consideration transferred, acquisition-date fair value | € | € 97 | ||
Cash and cash equivalents in subsidiary or businesses acquired or disposed | € | 3 | ||
Companies holding authorization rights for wind projects | |||
Other information | |||
Consideration transferred, acquisition-date fair value | € | € 12 | ||
Number of companies acquired | 3 | ||
Number of wind projects to be constructed in Puglia | 3 | ||
Aldro Energa Y Soluciones SLU | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Number of retail customers | Item | 250 | ||
FRI-EL Biogas Holding SpA | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Number of plants owned | 21 | ||
Power generating capacity, existing or in advanced development | MW | 2 | ||
Portfolio Of Thirteen Onshore Wind Facilities | |||
Other information | |||
Power generating capacity, existing or in advanced development | MW | 315 | ||
Dhamma Energy Group | |||
Other information | |||
Power generating capacity, existing or in advanced development | MW | 120 | ||
Power generating capacity, projected | GW | 3 | ||
Portfolio Of Nine Renewable Energy Projects | |||
Other information | |||
Power generating capacity, existing or in advanced development | GW | 0.9 | ||
Power generating capacity, projected | MW | 234 | ||
Number of wind farms in operation | 3 | ||
Number of wind farms under construction | 1 | ||
Number of photovoltaic projects | 5 | ||
Finproject SpA | |||
Other information | |||
Equity interest acquired (as a percent) | 60% | 40% | |
Be Power | |||
Other information | |||
Equity interest acquired (as a percent) | 100% | ||
Number of charging points | 6,000 |
Guarantees, commitments and r_3
Guarantees, commitments and risks - Guarantees (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Guarantees, commitments and risks | ||
Guarantees | € 17,563 | € 10,160 |
Consolidated subsidiaries | ||
Guarantees, commitments and risks | ||
Guarantees | 7,082 | 6,432 |
Investments in unconsolidated entities controlled by Eni | ||
Guarantees, commitments and risks | ||
Guarantees | 202 | 190 |
Joint ventures and associates | ||
Guarantees, commitments and risks | ||
Guarantees | 9,802 | 3,358 |
Others | ||
Guarantees, commitments and risks | ||
Guarantees | € 477 | € 180 |
Guarantees, commitments and r_4
Guarantees, commitments and risks - Commitments and risks (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Guarantees, commitments and risks | ||
Commitments | € 77,481 | € 75,201 |
Risks | 1,228 | 934 |
Commitments and risks | € 78,709 | € 76,135 |
Guarantees, commitments and r_5
Guarantees, commitments and risks - Value at risk - parametric method (Details) - EUR (€) € in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Interest rate risk | ||
Guarantees, commitments and risks | ||
Value at risk | € 3,220 | € 3,660 |
Interest rate risk | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 9,050 | 11,040 |
Interest rate risk | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 2,610 | 1,290 |
Interest rate risk | Average | ||
Guarantees, commitments and risks | ||
Value at risk | 5,190 | 3,320 |
Currency | ||
Guarantees, commitments and risks | ||
Value at risk | 340 | 120 |
Currency | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 950 | 280 |
Currency | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 90 | 110 |
Currency | Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 290 | € 180 |
Guarantees, commitments and r_6
Guarantees, commitments and risks - Value at risk - Historic simulation method (Details) - EUR (€) € in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Commercial exposure | ||
Guarantees, commitments and risks | ||
Value at risk | € 30,650 | € 2,910 |
Commercial exposure | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 800,390 | 42,760 |
Commercial exposure | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 30,650 | 2,910 |
Commercial exposure | Average | ||
Guarantees, commitments and risks | ||
Value at risk | 261,410 | 23,800 |
Trading | ||
Guarantees, commitments and risks | ||
Value at risk | 40 | 200 |
Trading | Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 1,630 | 1,030 |
Trading | Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 10 | 120 |
Trading | Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 360 | € 370 |
Guarantees, commitments and r_7
Guarantees, commitments and risks - Sensitivity EUR (Details) - Strategic liquidity risk - Euro - EUR (€) € in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Guarantees, commitments and risks | ||
Value at risk | € 160 | € 300 |
Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 160 | 290 |
Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 300 | 400 |
Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 230 | € 330 |
Guarantees, commitments and r_8
Guarantees, commitments and risks - Sensitivity USD (Details) - Strategic liquidity risk - US Dollars - EUR (€) € in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Guarantees, commitments and risks | ||
Value at risk | € 40 | € 130 |
Minimum | ||
Guarantees, commitments and risks | ||
Value at risk | 40 | 50 |
Maximum | ||
Guarantees, commitments and risks | ||
Value at risk | 130 | 140 |
Average | ||
Guarantees, commitments and risks | ||
Value at risk | € 80 | € 110 |
Guarantees, commitments and r_9
Guarantees, commitments and risks - Expected payments for liabilities, trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Debt and derivatives | ||
Guarantees, commitments and risks | ||
Financial liabilities | € 41,011 | € 46,342 |
Debt and derivatives | within 1 year | ||
Guarantees, commitments and risks | ||
Financial liabilities | 17,222 | 18,033 |
Debt and derivatives | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 2,924 | 5,030 |
Debt and derivatives | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 3,136 | 2,898 |
Debt and derivatives | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 3,717 | 3,124 |
Debt and derivatives | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 2,274 | 4,414 |
Debt and derivatives | beyond 5 years | ||
Guarantees, commitments and risks | ||
Financial liabilities | 11,738 | 12,843 |
Long-term debt and current portion of long-term debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 22,333 | 25,708 |
Long-term debt and current portion of long-term debt | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,883 | 1,903 |
Long-term debt and current portion of long-term debt | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,339 | 4,339 |
Long-term debt and current portion of long-term debt | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,640 | 2,272 |
Long-term debt and current portion of long-term debt | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 3,298 | 2,616 |
Long-term debt and current portion of long-term debt | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,927 | 3,910 |
Long-term debt and current portion of long-term debt | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 9,246 | 10,668 |
Short term debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,446 | 2,299 |
Short term debt | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,446 | 2,299 |
Long-term and current portion of long-term lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,904 | 5,309 |
Long-term and current portion of long-term lease liabilities | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 851 | 920 |
Long-term and current portion of long-term lease liabilities | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 584 | 688 |
Long-term and current portion of long-term lease liabilities | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 445 | 565 |
Long-term and current portion of long-term lease liabilities | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 365 | 508 |
Long-term and current portion of long-term lease liabilities | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 347 | 481 |
Long-term and current portion of long-term lease liabilities | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,312 | 2,147 |
Derivatives | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 9,328 | 13,026 |
Derivatives | within 1 year | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 9,042 | 12,911 |
Derivatives | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 1 | 3 |
Derivatives | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 51 | 61 |
Derivatives | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 54 | |
Derivatives | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 23 | |
Derivatives | beyond 5 years | ||
Guarantees, commitments and risks | ||
Derivative financial liabilities | 180 | 28 |
Interest on finance debt and lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 4,533 | 4,636 |
Interest on finance debt and lease liabilities | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 825 | 757 |
Interest on finance debt and lease liabilities | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 703 | 709 |
Interest on finance debt and lease liabilities | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 643 | 600 |
Interest on finance debt and lease liabilities | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 530 | 543 |
Interest on finance debt and lease liabilities | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 431 | 441 |
Interest on finance debt and lease liabilities | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,401 | 1,586 |
Interest on finance debt | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 2,908 | 2,873 |
Interest on finance debt | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 590 | 475 |
Interest on finance debt | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 494 | 462 |
Interest on finance debt | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 459 | 386 |
Interest on finance debt | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 365 | 359 |
Interest on finance debt | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 284 | 286 |
Interest on finance debt | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 716 | 905 |
Interest on lease liabilities | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,625 | 1,763 |
Interest on lease liabilities | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 235 | 282 |
Interest on lease liabilities | Later than one year and not later than two years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 209 | 247 |
Interest on lease liabilities | Later than two years and not later than three years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 184 | 214 |
Interest on lease liabilities | Later than three years and not later than four years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 165 | 184 |
Interest on lease liabilities | Later than four years and not later than five years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 147 | 155 |
Interest on lease liabilities | beyond 5 years | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 685 | 681 |
Guarantees | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | 1,668 | 1,599 |
Guarantees | within 1 year | ||
Guarantees, commitments and risks | ||
Non-derivative financial liabilities | € 1,668 | € 1,599 |
Guarantees, commitments and _10
Guarantees, commitments and risks - Expected payments for trade and other payables (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Guarantees, commitments and risks | ||
Trade and other payables | € 25,896 | € 21,941 |
within 1 year | ||
Guarantees, commitments and risks | ||
Trade and other payables | 25,709 | 21,720 |
between 2 and 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | 77 | 112 |
beyond 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | 110 | 109 |
Trade payables | ||
Guarantees, commitments and risks | ||
Trade and other payables | 19,527 | 16,795 |
Trade payables | within 1 year | ||
Guarantees, commitments and risks | ||
Trade and other payables | 19,527 | 16,795 |
Other payables and advances | ||
Guarantees, commitments and risks | ||
Trade and other payables | 6,369 | 5,146 |
Other payables and advances | within 1 year | ||
Guarantees, commitments and risks | ||
Trade and other payables | 6,182 | 4,925 |
Other payables and advances | between 2 and 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | 77 | 112 |
Other payables and advances | beyond 5 years | ||
Guarantees, commitments and risks | ||
Trade and other payables | € 110 | € 109 |
Guarantees, commitments and _11
Guarantees, commitments and risks - Expected payments under contractual obligations (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Guarantees, commitments and risks | |
Contractual obligations | € 225,482 |
within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 45,992 |
Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 40,463 |
Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 26,521 |
Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 19,673 |
Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 14,847 |
beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 77,986 |
Decommissioning liabilities | |
Guarantees, commitments and risks | |
Contractual obligations | 13,984 |
Decommissioning liabilities | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 685 |
Decommissioning liabilities | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 440 |
Decommissioning liabilities | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 376 |
Decommissioning liabilities | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 376 |
Decommissioning liabilities | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 485 |
Decommissioning liabilities | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 11,622 |
Environmental liabilities | |
Guarantees, commitments and risks | |
Contractual obligations | 3,517 |
Environmental liabilities | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 591 |
Environmental liabilities | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 507 |
Environmental liabilities | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 408 |
Environmental liabilities | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 317 |
Environmental liabilities | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 306 |
Environmental liabilities | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 1,388 |
Purchase obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 207,980 |
Purchase obligations | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 44,715 |
Purchase obligations | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 39,516 |
Purchase obligations | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 25,737 |
Purchase obligations | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 18,980 |
Purchase obligations | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 14,056 |
Purchase obligations | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 64,976 |
Gas take-or-pay contracts | |
Guarantees, commitments and risks | |
Contractual obligations | 201,766 |
Gas take-or-pay contracts | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 40,628 |
Gas take-or-pay contracts | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 38,547 |
Gas take-or-pay contracts | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 25,250 |
Gas take-or-pay contracts | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 18,717 |
Gas take-or-pay contracts | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 13,926 |
Gas take-or-pay contracts | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 64,698 |
Gas ship or pay contracts | |
Guarantees, commitments and risks | |
Contractual obligations | 2,460 |
Gas ship or pay contracts | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 915 |
Gas ship or pay contracts | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 506 |
Gas ship or pay contracts | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 419 |
Gas ship or pay contracts | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 250 |
Gas ship or pay contracts | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 121 |
Gas ship or pay contracts | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 249 |
Other purchase obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 3,754 |
Other purchase obligations | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 3,172 |
Other purchase obligations | Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Contractual obligations | 463 |
Other purchase obligations | Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Contractual obligations | 68 |
Other purchase obligations | Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Contractual obligations | 13 |
Other purchase obligations | Later than four years and not later than five years | |
Guarantees, commitments and risks | |
Contractual obligations | 9 |
Other purchase obligations | beyond 5 years | |
Guarantees, commitments and risks | |
Contractual obligations | 29 |
Other obligations | |
Guarantees, commitments and risks | |
Contractual obligations | 1 |
Other obligations | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | 1 |
Memorandum of intent Val d'Agri | |
Guarantees, commitments and risks | |
Contractual obligations | 1 |
Memorandum of intent Val d'Agri | within 1 year | |
Guarantees, commitments and risks | |
Contractual obligations | € 1 |
Guarantees, commitments and _12
Guarantees, commitments and risks - Capital investment and capital expenditure commitments (Details) € in Millions | Dec. 31, 2022 EUR (€) |
Guarantees, commitments and risks | |
Committed projects | € 23,850 |
within 1 year | |
Guarantees, commitments and risks | |
Committed projects | 8,080 |
Later than one year and not later than two years | |
Guarantees, commitments and risks | |
Committed projects | 6,093 |
Later than two years and not later than three years | |
Guarantees, commitments and risks | |
Committed projects | 3,845 |
Later than three years and not later than four years | |
Guarantees, commitments and risks | |
Committed projects | 2,047 |
Later than four years | |
Guarantees, commitments and risks | |
Committed projects | 3,785 |
Not later than four years | |
Guarantees, commitments and risks | |
Expected capital investment and capital expenditure | € 37,000 |
Guarantees, commitments and _13
Guarantees, commitments and risks - Other information about financial instruments (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 01, 2021 | |
Guarantees, commitments and risks | ||||
Financial assets at fair value through profit or loss | € 8,251 | € 6,301 | ||
Non-hedging and trading derivatives | 2,006 | € (611) | ||
Other investments valued at fair value | 1,202 | 1,294 | € 957 | 1,294 |
Trade receivables and other | 21,396 | 19,124 | ||
Financing receivables | 3,415 | 6,140 | ||
Securities | 56 | 53 | ||
Trade payables and other | 25,897 | 21,941 | ||
Financing payables | 26,917 | 27,794 | 27,794 | |
Net assets (liabilities) for hedging derivatives | (129) | € 96 | ||
Financial assets at fair value through profit or loss, Income (expense) recognized in profit and loss account | (55) | 11 | € 31 | |
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | (1,723) | 597 | ||
Other investments valued at fair value, Income (expense) recognized in profit and loss account | 351 | 230 | ||
Other investments valued at fair value, Income (expense) recognized in other comprehensive income | 56 | 105 | ||
Trade receivables and other, Income (expense) recognized in profit and loss account | 31 | (226) | ||
Financing receivables, Income (expense) recognized in profit and loss account | (16) | 39 | ||
Trade payables and other, Income (expense) recognized in profit and loss account | 53 | (80) | ||
Financing payables, Income (expense) recognized in profit and loss account | (692) | (250) | ||
Net assets (liabilities) for hedging derivatives, Income (expense) recognized in profit and loss account | (4,677) | 215 | ||
Net assets (liabilities) for hedging derivatives, Income (expense) recognized in other comprehensive income | 794 | (1,264) | ||
Other operating income (loss) | ||||
Guarantees, commitments and risks | ||||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 1,736 | 903 | ||
Financial income (expense) | ||||
Guarantees, commitments and risks | ||||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 13 | 306 | ||
Trade receivables and other, Income (expense) recognized in profit and loss account | 16 | 53 | ||
Financing receivables, Income (expense) recognized in profit and loss account | 86 | 53 | ||
Interest income calculated on the basis of the effective interest rate | ||||
Guarantees, commitments and risks | ||||
Trade receivables and other, Income (expense) recognized in profit and loss account | 15 | 18 | ||
Interest expense calculated on the basis of the effective interest rate | ||||
Guarantees, commitments and risks | ||||
Financing receivables, Income (expense) recognized in profit and loss account | 568 | 487 | ||
Net (impairment losses) reversal of trade and other receivables | ||||
Guarantees, commitments and risks | ||||
Trade receivables and other, Income (expense) recognized in profit and loss account | 47 | 279 | ||
Net revaluations or impairments | ||||
Guarantees, commitments and risks | ||||
Financing receivables, Income (expense) recognized in profit and loss account | € 111 | € 25 |
Guarantees, commitments and _14
Guarantees, commitments and risks - Offsetting of financial instruments (Details) - EUR (€) € in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other payables | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | € 28,415 | € 23,331 |
Gross amount of financial assets subject to offsetting | 2,706 | 1,611 |
Net amount of financial liabilities | 25,709 | 21,720 |
Other current liabilities | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | 18,336 | 22,913 |
Gross amount of financial assets subject to offsetting | 5,863 | 7,157 |
Net amount of financial liabilities | 12,473 | 15,756 |
Other non-current liabilities | ||
Guarantees, commitments and risks | ||
Gross amount of financial liabilities | 3,234 | 2,248 |
Gross amount of financial assets subject to offsetting | 2 | |
Net amount of financial liabilities | 3,234 | 2,246 |
Trade and other receivables | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 23,546 | 20,461 |
Gross amount of financial liabilities subject to offsetting | 2,706 | 1,611 |
Net amount of financial assets | 20,840 | 18,850 |
Other current assets | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 18,684 | 20,791 |
Gross amount of financial liabilities subject to offsetting | 5,863 | 7,157 |
Net amount of financial assets | 12,821 | 13,634 |
Other non-current assets | ||
Guarantees, commitments and risks | ||
Gross amount of financial assets | 2,236 | 1,031 |
Gross amount of financial liabilities subject to offsetting | 2 | |
Net amount of financial assets | € 2,236 | € 1,029 |
Guarantees, commitments and _15
Guarantees, commitments and risks - Additional information (Details) T in Thousands | 12 Months Ended | ||||||
Dec. 31, 2022 EUR (€) T | Dec. 31, 2021 EUR (€) | Feb. 28, 2022 EUR (€) | Dec. 01, 2021 EUR (€) | Mar. 10, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | Dec. 31, 2012 EUR (€) | |
Guarantees, commitments and risks | |||||||
Guarantees | € 17,563,000,000 | € 10,160,000,000 | |||||
Capital commitments | 23,850,000,000 | ||||||
Risks | 1,228,000,000 | 934,000,000 | |||||
Amount charged for contract of property | € 18,000,000 | ||||||
Period over which the management deems the liquidity reserves retained are enough to meet the financial obligations | 18 months | ||||||
Undrawn borrowing facilities | € 8,298,000,000 | 5,114,000,000 | |||||
Lease liabilities | € 4,951,000,000 | 5,337,000,000 | € 5,018,000,000 | ||||
Quantity of total emission of carbon dioxide | T | 16,730 | ||||||
Quantity of free emission allowance of carbon dioxide | T | 4,980 | ||||||
Deficit quantity of emission allowance of carbon dioxide | T | 11,750 | ||||||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | € (1,723,000,000) | 597,000,000 | |||||
Trade receivables and other, Income (expense) recognized in profit and loss account | 31,000,000 | (226,000,000) | |||||
Financing receivables, Income (expense) recognized in profit and loss account | (16,000,000) | 39,000,000 | |||||
Trade payables and other, Income (expense) recognized in profit and loss account | 53,000,000 | (80,000,000) | |||||
Other operating income (loss) | |||||||
Guarantees, commitments and risks | |||||||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 1,736,000,000 | 903,000,000 | |||||
Financial income (expense) | |||||||
Guarantees, commitments and risks | |||||||
Non-hedging and trading derivatives, Income (expense) recognized in profit and loss account | 13,000,000 | 306,000,000 | |||||
Trade receivables and other, Income (expense) recognized in profit and loss account | 16,000,000 | 53,000,000 | |||||
Financing receivables, Income (expense) recognized in profit and loss account | 86,000,000 | 53,000,000 | |||||
Interest income calculated on the basis of the effective interest rate | |||||||
Guarantees, commitments and risks | |||||||
Trade receivables and other, Income (expense) recognized in profit and loss account | 15,000,000 | 18,000,000 | |||||
Interest expense calculated on the basis of the effective interest rate | |||||||
Guarantees, commitments and risks | |||||||
Financing receivables, Income (expense) recognized in profit and loss account | 568,000,000 | 487,000,000 | |||||
Net (impairment losses) reversal of trade and other receivables | |||||||
Guarantees, commitments and risks | |||||||
Trade receivables and other, Income (expense) recognized in profit and loss account | 47,000,000 | 279,000,000 | |||||
Net revaluations or impairments | |||||||
Guarantees, commitments and risks | |||||||
Financing receivables, Income (expense) recognized in profit and loss account | 111,000,000 | 25,000,000 | |||||
Perpetual subordinated bonds | |||||||
Guarantees, commitments and risks | |||||||
Notional amount | 5,000,000,000 | ||||||
Project relating to Dogger Bank (C) | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | € 1,259,000,000 | 494,000,000 | |||||
Percentage of interest in project | 20% | ||||||
Spain, United States and Italy renewable energy project | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | € 210,000,000 | ||||||
Environmental claim relating to Municipality of Cengio | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | 250,000,000 | ||||||
Alleged illegal handling of waste material | |||||||
Guarantees, commitments and risks | |||||||
Fine payable | € 700,000,000,000 | ||||||
Contextual confiscation amount | € 44,248,071,000,000 | ||||||
Congo proceedings | |||||||
Guarantees, commitments and risks | |||||||
Sanction agreed | 11,800,000 | ||||||
Derivatives | |||||||
Guarantees, commitments and risks | |||||||
Gross amount of financial assets and liabilities subject to offsetting | 5,863,000,000 | 7,159,000,000 | |||||
Eni Abu Dhabi Refining & Trading BV | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | 3,748,000,000 | € 3,532,000,000 | |||||
Eni Abu Dhabi Refining & Trading BV | ADNOC Refining | |||||||
Guarantees, commitments and risks | |||||||
Equity interest acquired (as a percent) | 20% | ||||||
Eni Trading Shipping Inc | |||||||
Guarantees, commitments and risks | |||||||
Gross amount of financial assets and liabilities subject to offsetting | 55,000,000 | € 71,000,000 | |||||
Eni Rewind SpA and Versalis SpA | Porto Torres dock damage | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | € 1,500,000,000 | ||||||
Eni Rewind SpA | Priolo - Malformation civil lawsuits [member] | |||||||
Guarantees, commitments and risks | |||||||
Claim amount | € 800,000 | ||||||
Exploration & Production | |||||||
Guarantees, commitments and risks | |||||||
Gross amount of financial assets and liabilities subject to offsetting | 2,651,000,000 | 1,540,000,000 | |||||
Global Gas & LNG Portfolio | Italy | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 388,000,000 | 16,000,000 | |||||
Committed borrowing facilities | |||||||
Guarantees, commitments and risks | |||||||
Undrawn borrowing facilities | 8,298,000,000 | ||||||
Committed borrowing facilities | Sustainability-linked bond | |||||||
Guarantees, commitments and risks | |||||||
Commited credit lines | 6,000,000,000 | ||||||
Euro Medium Term Notes | |||||||
Guarantees, commitments and risks | |||||||
Maximum amount issuable | 20,000,000,000 | ||||||
Notional amount | 15,800,000,000 | ||||||
Risk associated with contractual assurances to acquirers | |||||||
Guarantees, commitments and risks | |||||||
Risks | 262,000,000 | € 246,000,000 | |||||
Value of assets of third parties under custody | |||||||
Guarantees, commitments and risks | |||||||
Risks | € 957,000,000 | € 688,000,000 | |||||
Currency | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 99% | ||||||
Holding period | 20 days | ||||||
Interest rate risk | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 99% | ||||||
Holding period | 20 days | ||||||
Commodity price risk | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 95% | ||||||
Holding period | 1 day | ||||||
Strategic liquidity risk | |||||||
Guarantees, commitments and risks | |||||||
Percentage of confidence level | 99% | ||||||
Holding period | 1 day | ||||||
Period of medium and long-term financial debts for which coverage must be provided | 24 months | ||||||
Hydrocarbon exploration and production activities | |||||||
Guarantees, commitments and risks | |||||||
Capital commitments | € 73,334,000,000 | € 70,039,000,000 | |||||
Angola LNG Supply Services Llc | |||||||
Guarantees, commitments and risks | |||||||
Percentage of interest in project | 65% | 13.60% | |||||
Cardon IV SA | |||||||
Guarantees, commitments and risks | |||||||
Proportion of ownership interest in joint venture | 50% | 50% | |||||
Proportion of voting rights held in joint venture | 50% | 50% | |||||
Contractual volumes of gas amount | € 13,000,000,000 | ||||||
Saipem SpA | |||||||
Guarantees, commitments and risks | |||||||
Proportion of ownership interest in joint venture | 31.19% | ||||||
Proportion of voting rights held in joint venture | 31.20% | 31.20% | |||||
Azule Energy Holdings Ltd | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contracts and other personal guarantees amount | € 3,164,000,000 | ||||||
Proportion of ownership interest in joint venture | 50% | ||||||
Proportion of voting rights held in joint venture | 50% | ||||||
Partners of unincorporated joint operations | |||||||
Guarantees, commitments and risks | |||||||
Lease liabilities | € 760,000,000 | € 2,370,000,000 | |||||
ENI SpA | Euro Medium Term Notes | |||||||
Guarantees, commitments and risks | |||||||
Notional amount | 13,400,000,000 | ||||||
Coral FLNG SA | Third parties | |||||||
Guarantees, commitments and risks | |||||||
Maximum financial guarantee given by the company | € 1,405,000,000 | ||||||
Percentage of obligation covered by guarantee | 100% | ||||||
Consolidated subsidiaries | |||||||
Guarantees, commitments and risks | |||||||
Guarantee for bid bonds and performance bonds | € 3,282,000,000 | 3,601,000,000 | |||||
Underlying commitment | 7,003,000,000 | 6,267,000,000 | |||||
Guarantees | 7,082,000,000 | 6,432,000,000 | |||||
Consolidated subsidiaries | Exploration & Production | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 1,098,000,000 | 943,000,000 | |||||
Consolidated subsidiaries | Third parties | |||||||
Guarantees, commitments and risks | |||||||
Independent gurantee contract amount | 252,000,000 | 913,000,000 | |||||
Investments in unconsolidated entities controlled by Eni | |||||||
Guarantees, commitments and risks | |||||||
Guarantees | 202,000,000 | 190,000,000 | |||||
Joint ventures and associates | |||||||
Guarantees, commitments and risks | |||||||
Guarantee for bid bonds and performance bonds | 1,891,000,000 | 1,764,000,000 | |||||
Underlying commitment | 6,859,000,000 | 1,816,000,000 | |||||
Guarantees | 9,802,000,000 | 3,358,000,000 | |||||
Joint ventures and associates | Unsecured and other guarantees | |||||||
Guarantees, commitments and risks | |||||||
Bank guarantee | 1,499,000,000 | 1,413,000,000 | |||||
Joint ventures and associates | Gulf LNG Energy and Gulf LNG Pipeline | |||||||
Guarantees, commitments and risks | |||||||
Guarantees | 190,000,000 | 179,000,000 | |||||
Joint ventures and associates | Coral FLNG SA | |||||||
Guarantees, commitments and risks | |||||||
Guarantee for bid bonds and performance bonds | 1,378,000,000 | 1,260,000,000 | |||||
Others | |||||||
Guarantees, commitments and risks | |||||||
Underlying commitment | 323,000,000 | 124,000,000 | |||||
Guarantees | 477,000,000 | 180,000,000 | |||||
Others | State oil Company of Mozambique ENH | |||||||
Guarantees, commitments and risks | |||||||
Guarantees | € 167,000,000 | € 157,000,000 |
Revenues and other income (Deta
Revenues and other income (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Products sales and service revenues | |||
Sales of crude oil | € 26,277 | € 18,283 | € 10,993 |
Sales of oil products | 30,770 | 19,624 | 12,369 |
Sales of natural gas and LNG | 52,584 | 24,009 | 11,266 |
Sales of petrochemical products | 6,244 | 5,659 | 3,296 |
Sales of power | 12,448 | 5,104 | 2,345 |
Sales of other products | 704 | 391 | 170 |
Services | 3,485 | 3,505 | 3,548 |
Sales from operations | 132,512 | 76,575 | 43,987 |
Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 131,441 | 75,754 | 42,987 |
Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 1,071 | 821 | 1,000 |
Exploration & Production | |||
Products sales and service revenues | |||
Sales of crude oil | 5,438 | 3,573 | 1,969 |
Sales of oil products | 1,070 | 885 | 517 |
Sales of natural gas and LNG | 6,108 | 4,122 | 3,505 |
Sales of other products | 68 | 40 | 113 |
Services | 212 | 226 | 255 |
Sales from operations | 12,896 | 8,846 | 6,359 |
Exploration & Production | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 12,592 | 8,506 | 5,896 |
Exploration & Production | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 304 | 340 | 463 |
Global Gas & LNG Portfolio | |||
Products sales and service revenues | |||
Sales of natural gas and LNG | 40,840 | 16,608 | 5,000 |
Sales of other products | 6 | (2) | |
Services | 390 | 359 | 364 |
Sales from operations | 41,230 | 16,973 | 5,362 |
Global Gas & LNG Portfolio | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 41,047 | 16,823 | 5,239 |
Global Gas & LNG Portfolio | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 183 | 150 | 123 |
Refining & Marketing and Chemical | |||
Products sales and service revenues | |||
Sales of crude oil | 20,839 | 14,710 | 9,024 |
Sales of oil products | 29,700 | 18,739 | 11,852 |
Sales of natural gas and LNG | 65 | 34 | 20 |
Sales of petrochemical products | 6,241 | 5,652 | 3,277 |
Sales of other products | 411 | 132 | 36 |
Services | 1,214 | 784 | 728 |
Sales from operations | 58,470 | 40,051 | 24,937 |
Refining & Marketing and Chemical | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 58,145 | 39,836 | 24,639 |
Refining & Marketing and Chemical | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 325 | 215 | 298 |
Plenitude & Power | |||
Products sales and service revenues | |||
Sales of natural gas and LNG | 5,571 | 3,245 | 2,741 |
Sales of power | 12,448 | 5,104 | 2,345 |
Sales of other products | 223 | 212 | 21 |
Services | 1,484 | 1,956 | 2,028 |
Sales from operations | 19,726 | 10,517 | 7,135 |
Plenitude & Power | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 19,599 | 10,517 | 7,135 |
Plenitude & Power | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | 127 | ||
Corporate and Other activities | |||
Products sales and service revenues | |||
Sales of petrochemical products | 3 | 7 | 19 |
Sales of other products | 2 | 1 | 2 |
Services | 185 | 180 | 173 |
Sales from operations | 190 | 188 | 194 |
Corporate and Other activities | Goods/Services transferred in a specific moment | |||
Products sales and service revenues | |||
Sales from operations | 58 | 72 | 78 |
Corporate and Other activities | Goods/Services transferred over a period of time | |||
Products sales and service revenues | |||
Sales from operations | € 132 | € 116 | € 116 |
Revenues and other income - Ass
Revenues and other income - Associated with liabilities and performance obligations (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues and other income | |||
Revenues associated with contract liabilities at the beginning of the period | € 157 | € 658 | € 818 |
Revenues associated with performance obligations totally or partially satisfied in previous years | € 1 | € 30 |
Revenues and other income - Oth
Revenues and other income - Other income and revenues (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues and other income | |||
Gains from sale of assets and businesses | € 48 | € 107 | € 10 |
Other proceeds | 1,127 | 1,089 | 950 |
Other income and revenues | € 1,175 | € 1,196 | € 960 |
Revenues and other income - Add
Revenues and other income - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues and other income | |||
Recovery of cost share of right-of-use assets pertaining to partners of unincorporated joint operations | € 204 | € 281 | € 357 |
Costs (Details)
Costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Costs | |||
Production costs - raw, ancillary and consumable materials and goods | € 85,139 | € 41,174 | € 21,432 |
Production costs - services | 10,303 | 10,646 | 9,710 |
Lease expense and other | 2,301 | 1,233 | 876 |
Net provisions for contingencies | 2,985 | 707 | 349 |
Other expenses | 2,069 | 1,983 | 1,317 |
Purchase, services and other charges gross | 102,797 | 55,743 | 33,684 |
capitalized direct costs associated with self-constructed assets - tangible assets | (246) | (185) | (128) |
capitalized direct costs associated with self-constructed assets - intangible assets | (22) | (9) | (5) |
Purchases, services and other | € 102,529 | € 55,549 | € 33,551 |
Costs - Payroll and related cos
Costs - Payroll and related costs (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Costs | |||
Wages and salaries | € 2,311 | € 2,182 | € 2,193 |
Social security contributions | 465 | 455 | 458 |
Cost related to employee benefit plans | 174 | 165 | 102 |
Other costs | 194 | 204 | 239 |
Payroll and related costs gross | 3,144 | 3,006 | 2,992 |
Capitalized direct costs associated with self-constructed assets - tangible assets | (120) | (111) | (118) |
Capitalized direct costs associated with self-constructed assets - intangible assets | (9) | (7) | (11) |
Payroll and related costs | € 3,015 | € 2,888 | € 2,863 |
Costs - Average number of emplo
Costs - Average number of employees (Details) - Number | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Subsidiaries | |||
Costs | |||
Average number of employees | 31,632 | 31,332 | 31,048 |
Subsidiaries | Senior Managers | |||
Costs | |||
Average number of employees | 957 | 966 | 993 |
Subsidiaries | Junior Managers | |||
Costs | |||
Average number of employees | 9,084 | 9,143 | 9,280 |
Subsidiaries | Employees | |||
Costs | |||
Average number of employees | 15,517 | 15,747 | 15,995 |
Subsidiaries | Workers | |||
Costs | |||
Average number of employees | 6,074 | 5,476 | 4,780 |
Joint operations | |||
Costs | |||
Average number of employees | 807 | 760 | 726 |
Joint operations | Senior Managers | |||
Costs | |||
Average number of employees | 19 | 18 | 17 |
Joint operations | Junior Managers | |||
Costs | |||
Average number of employees | 80 | 78 | 73 |
Joint operations | Employees | |||
Costs | |||
Average number of employees | 420 | 380 | 349 |
Joint operations | Workers | |||
Costs | |||
Average number of employees | 288 | 284 | 287 |
Costs - Compensation of key man
Costs - Compensation of key management personnel (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Costs | |||
Wages and salaries | € 37 | € 29 | € 30 |
Post-employment benefits | 3 | 3 | 2 |
Other long-term benefits | 17 | 15 | 12 |
Indemnities upon termination of employment | 9 | 21 | |
Key management personnel compensation | € 66 | € 47 | € 65 |
Costs - Additional information
Costs - Additional information (Details) € / shares in Units, € in Thousands | 12 Months Ended | ||||
Dec. 31, 2022 EUR (€) shares Number € / shares | Dec. 31, 2021 EUR (€) shares € / shares | Dec. 31, 2020 EUR (€) shares € / shares | May 13, 2020 Number shares | Apr. 13, 2017 shares | |
Costs | |||||
Prospecting costs, geological and geophysical studies of exploration activities | € 220,000 | € 194,000 | € 196,000 | ||
Research and development costs | 164,000 | 177,000 | 157,000 | ||
Royalty expense | 1,570,000 | 946,000 | 673,000 | ||
Net additions for contingencies | 2,985,000 | 707,000 | 349,000 | ||
Provisions for redundancy incentives expense | 78,000 | 94,000 | 105,000 | ||
Defined contribution plans expense | € 103,000 | € 97,000 | € 96,000 | ||
Number of annual awards | Number | 3 | ||||
Vesting period | 3 years | ||||
Lock-up clause percentage | 50% | ||||
Lock-up clause term | 1 year | ||||
Number of other equity instruments granted in share-based payment arrangement | shares | 2,069,685 | 2,365,581 | 2,922,749 | ||
Weighted average fair value of awarded shares | € / shares | € 9.2 | € 8.15 | € 4.67 | ||
Expense from share-based payment transactions with employees | € 18,000 | € 16,000 | € 7,000 | ||
Directors' remuneration expense | 11,120 | 10,130 | 7,540 | ||
Statutory auditors remuneration expense | € 589 | € 550 | € 571 | ||
Minimum | |||||
Costs | |||||
Percentage of shares that will vest after vesting period | 0% | ||||
Weighted average share price at grant date | € / shares | € 12.918 | € 11.642 | € 5.885 | ||
Expected dividend as percentage | 6.10% | 7.10% | 7.10% | ||
Expected volatility | 30% | 44% | 41% | ||
Maximum | |||||
Costs | |||||
Percentage of shares that will vest after vesting period | 180% | ||||
Weighted average share price at grant date | € / shares | € 14.324 | € 12.164 | € 8.303 | ||
Expected dividend as percentage | 6.80% | 7.40% | 10% | ||
Expected volatility | 31% | 45% | 44% | ||
Long-Term Monetary Incentive Plan 2017 - 2019 | |||||
Costs | |||||
Percentage of shares that will be granted depending on market condition in terms of TSR | 50% | ||||
Percentage of shares that will be granted depending on the growth in the Net Present Value (NPV) of proved reserves benchmarked against the Peer Group | 50% | ||||
Long-Term Monetary Incentive Plan 2017 - 2019 | Maximum | |||||
Costs | |||||
Limit of shares to be granted in share-based payment arrangement | shares | 11 | ||||
Long-Term Monetary Incentive Plan 2020 - 2022 | |||||
Costs | |||||
Percentage of shares that will be granted depending on market condition in terms of TSR | 25% | ||||
Percentage of shares that will be granted depending on a relative parameter represented by an industrial objective | 20% | ||||
Percentage of shares that will be granted depending on an absolute parameter represented by an economic-financial objective | 20% | ||||
Percentage of shares that will be granted depending on environmental sustainability and energy transition objective | 35% | ||||
Number of absolute objectives considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | Number | 3 | ||||
Percentage of shares that will be granted depending on decarbonisation objective | 15% | ||||
Percentage of shares that will be granted depending on energy transition objective | 10% | ||||
Percentage of shares that will be granted depending on circular economy objective | 10% | ||||
Number of important projects considered for determination of shares that will be granted depending on environmental sustainability and energy transition objective | Number | 3 | ||||
Long-Term Monetary Incentive Plan 2020 - 2022 | Maximum | |||||
Costs | |||||
Limit of shares to be granted in share-based payment arrangement | shares | 20 | ||||
Environmental liabilities | |||||
Costs | |||||
Net additions for contingencies | € 1,700,000 | € 279,000 | € (15,000) | ||
Provisions for litigations | |||||
Costs | |||||
Net additions for contingencies | € 501,000 | € 162,000 | € 76,000 |
Finance income (expense) (Detai
Finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Finance income (expense) | |||
Finance income | € 8,450 | € 3,723 | € 3,531 |
Finance expense | (9,333) | (4,216) | (4,958) |
Net finance income (expense) from financial assets at fair value through profit or loss | (55) | 11 | 31 |
Income (expense) from derivative financial instruments | 13 | (306) | 351 |
Finance income (expense) | € (925) | € (788) | € (1,045) |
Finance income (expense) - Anal
Finance income (expense) - Analysis of finance income (expense) (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Finance income (expense) related to net borrowings | |||
Interest and other finance expense on ordinary bonds | € (507) | € (475) | € (517) |
Net finance income (expense) on financial assets held for trading | (53) | 11 | 31 |
Net expenses on other financial assets valued at fair value with effects on profit and loss | (2) | ||
Interest and other expense due to banks and other financial institutions | (128) | (94) | (102) |
Interest on lease liabilities | (315) | (304) | (347) |
Interest from banks | 57 | 4 | 10 |
Interest and other income on financial receivables and securities held for non-operating purposes | 9 | 9 | 12 |
Finance income (expense) related to net borrowings | (939) | (849) | (913) |
Exchange differences | 238 | 476 | (460) |
Income (expense) from derivative financial instruments | 13 | (306) | 351 |
Other finance income (expense) | |||
Interest and other income on financing receivables and securities held for operating purposes | 128 | 67 | 97 |
Capitalized finance expense | 38 | 68 | 73 |
Finance expense due to the passage of time (accretion discount) | (199) | (144) | (190) |
Other finance income (expense) | (204) | (100) | (3) |
Other finance income (cost) | (237) | (109) | (23) |
Finance income (expense) | € (925) | € (788) | € (1,045) |
Income (expense) from investm_3
Income (expense) from investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income (expense) from investments | |||
Dividends | € 351 | € 230 | € 150 |
Net gain (loss) on disposals | 483 | 1 | |
Other net income (expense) | 2,789 | (8) | (75) |
Other gain (loss) from investments | € 3,623 | € 223 | € 75 |
Income (expense) from investm_4
Income (expense) from investments - Additional information (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other gain (loss) from investments | |||
Dividend income | € 351 | € 230 | € 150 |
Nigeria LNG Ltd | |||
Other gain (loss) from investments | |||
Dividend income | 247 | 144 | 113 |
Saudi European Petrochemical Co | |||
Other gain (loss) from investments | |||
Dividend income | 77 | € 54 | € 28 |
Var Energi ASA | |||
Other gain (loss) from investments | |||
Capital gains realized from listing on Stock Exchange | 448 | ||
Azule Energy Holdings Ltd | |||
Other gain (loss) from investments | |||
Capital gains from the fair value measurement of the business combination | 2,542 | ||
Realized exchange differences on translation from the business combination | € 764 |
Income taxes (Details)
Income taxes (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Current taxes: | |||
Current taxes | € 9,891 | € 4,205 | € 1,800 |
Net deferred taxes: | |||
Net deferred taxes | (1,803) | 640 | 850 |
Income tax expense | 8,088 | 4,845 | 2,650 |
Effect of additional Corporate Tax | 1,971 | ||
Italy | |||
Current taxes: | |||
Current taxes | 1,920 | 439 | 199 |
Net deferred taxes: | |||
Net deferred taxes | (2,191) | (45) | 672 |
Foreign current income tax expense | 69 | ||
Extraordinary contribution tax enacted | 1,036 | ||
Germany | |||
Net deferred taxes: | |||
Extraordinary contribution tax enacted | 163 | ||
Exploration & Production | Foreign (outside Italy) | |||
Current taxes: | |||
Current taxes | 7,027 | 3,609 | 1,517 |
Net deferred taxes: | |||
Net deferred taxes | 713 | 552 | 73 |
Other segments | Foreign (outside Italy) | |||
Current taxes: | |||
Current taxes | 944 | 157 | 84 |
Net deferred taxes: | |||
Net deferred taxes | € (325) | € 133 | € 105 |
Income taxes - Reconciliation b
Income taxes - Reconciliation between statutory tax and effective tax charge (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Taxes | |||
Profit (loss) before taxation | € 22,049 | € 10,685 | € (5,978) |
Tax rate (IRES) (%) | 24% | 24% | 24% |
Statutory corporation tax charge (credit) on profit or loss | € 5,292 | € 2,564 | € (1,435) |
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | 3,388 | 2,301 | 1,980 |
- effect additional tax law no 7/2009 | 1,971 | ||
- impact pursuant to foreign tax effects of italian entities | 66 | 108 | 108 |
- effect of the valuation of the investments under the equity method | 50 | 180 | 97 |
- effect due to the tax regime provided for intercompany dividends | 11 | 54 | 96 |
- Italian regional income tax (IRAP) | (18) | 140 | 107 |
- tax effects related to previous years | (19) | 52 | (30) |
- effect of reversals (impairments) of deferred tax assets | (241) | ||
- impact pursuant to the write-down of deferred tax assets | (2,087) | (666) | 1,785 |
- other adjustments | (325) | 112 | (58) |
Net tax effect | 2,796 | 2,281 | 4,085 |
Income tax expense | 8,088 | 4,845 | 2,650 |
Exploration & Production | |||
Increase (decrease) resulting from: | |||
- higher tax charges related to subsidiaries outside Italy | € 2,940 | € 2,040 | € 1,777 |
Earnings (loss) per share (Deta
Earnings (loss) per share (Details) - EUR (€) € / shares in Units, € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Earnings (loss) per share | |||
Weighted average number of shares used for basic earnings (loss) per share | 3,483,633,816 | 3,565,973,883 | 3,572,549,651 |
Potential shares to be issued for ILT incentive plan | 6,319,989 | 7,598,593 | |
Weighted average number of shares used for diluted earnings (loss) per share | 3,489,953,805 | 3,573,572,476 | 3,572,549,651 |
Profit (loss) attributable to Eni | € 13,887 | € 5,821 | € (8,635) |
Remuneration of subordinated perpetual bonds net of tax effect | (109) | (95) | |
Eni's net profit (loss) for basic and diluted earnings (loss) per share | € 13,778 | € 5,726 | € (8,635) |
Basic earnings (loss) per share | € 3.96 | € 1.61 | € (2.42) |
Diluted earnings (loss) per share | € 3.95 | € 1.6 | € (2.42) |
Segment information and infor_3
Segment information and information by geographical area (Details) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) Item | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 EUR (€) | |
Segment information and information by geographical area | |||
Number of general departments | Item | 2 | ||
Sales from operations | € 132,512 | € 76,575 | € 43,987 |
Operating profit | 17,510 | 12,341 | (3,275) |
Net provisions for contingencies | (2,985) | (707) | (349) |
Depreciation and amortization | (7,205) | (7,063) | (7,304) |
Impairments of tangible and intangible assets and right-of-use assets | (1,567) | (1,723) | (3,855) |
Reversals of tangible and intangible assets and right-of-use assets | 427 | 1,556 | 672 |
Write-off of tangible and intangible assets | (599) | (387) | (329) |
Write-off of tangible and intangible assets and right-of-use assets | (599) | ||
Share of profit (loss) from equity-accounted investments | 1,841 | (1,091) | (1,733) |
Assets | 152,130 | 137,765 | |
Equity-accounted investments | 12,092 | 5,887 | 6,749 |
Liabilities | 96,900 | 93,246 | |
Capital expenditure in tangible and intangible assets | 8,056 | 5,234 | 4,644 |
Allocated amounts | |||
Segment information and information by geographical area | |||
Assets | 100,686 | 94,292 | 79,604 |
Liabilities | 48,103 | 40,989 | 32,405 |
Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Operating profit | 138 | (208) | 33 |
Net provisions for contingencies | 19 | (23) | (45) |
Depreciation and amortization | 33 | 33 | 32 |
Assets | (472) | (591) | (402) |
Liabilities | (68) | (49) | (83) |
Capital expenditure in tangible and intangible assets | (4) | (4) | (10) |
Unallocated amounts | |||
Segment information and information by geographical area | |||
Assets | 51,444 | 43,473 | 30,044 |
Liabilities | 48,797 | 52,257 | 39,750 |
Exploration & Production | |||
Segment information and information by geographical area | |||
Sales from operations | 12,896 | 8,846 | 6,359 |
Exploration & Production | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 31,200 | 21,742 | 13,590 |
Operating profit | 15,908 | 10,066 | (610) |
Net provisions for contingencies | (147) | (221) | (98) |
Depreciation and amortization | (6,018) | (5,976) | (6,273) |
Impairments of tangible and intangible assets and right-of-use assets | (613) | (194) | (2,170) |
Reversals of tangible and intangible assets and right-of-use assets | 181 | 1,438 | 282 |
Write-off of tangible and intangible assets | (384) | (322) | |
Write-off of tangible and intangible assets and right-of-use assets | (596) | ||
Share of profit (loss) from equity-accounted investments | 1,526 | 8 | (980) |
Assets | 60,473 | 61,753 | 59,439 |
Equity-accounted investments | 7,314 | 2,639 | 2,680 |
Liabilities | 17,385 | 17,046 | 17,501 |
Capital expenditure in tangible and intangible assets | 6,362 | 3,861 | 3,472 |
Exploration & Production | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (18,304) | (12,896) | (7,231) |
Global Gas & LNG Portfolio | |||
Segment information and information by geographical area | |||
Sales from operations | 41,230 | 16,973 | 5,362 |
Global Gas & LNG Portfolio | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 48,586 | 20,843 | 7,051 |
Operating profit | 3,730 | 899 | (332) |
Net provisions for contingencies | (393) | (139) | (64) |
Depreciation and amortization | (217) | (174) | (125) |
Impairments of tangible and intangible assets and right-of-use assets | (6) | (28) | (2) |
Reversals of tangible and intangible assets and right-of-use assets | 18 | 2 | |
Write-off of tangible and intangible assets and right-of-use assets | (1) | ||
Share of profit (loss) from equity-accounted investments | 4 | (15) | |
Assets | 12,282 | 10,022 | 4,020 |
Equity-accounted investments | 1 | 17 | 259 |
Liabilities | 12,572 | 10,072 | 3,785 |
Capital expenditure in tangible and intangible assets | 23 | 19 | 11 |
Global Gas & LNG Portfolio | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (7,356) | (3,870) | (1,689) |
Refining & Marketing and Chemical | |||
Segment information and information by geographical area | |||
Sales from operations | € 58,470 | 40,051 | 24,937 |
Refining & Marketing and Chemical | Operating segments | |||
Segment information and information by geographical area | |||
Number of operating segments have similar economic returns | Item | 2 | ||
Sales from operations | € 59,178 | 40,374 | 25,340 |
Operating profit | 460 | 45 | (2,463) |
Net provisions for contingencies | (1,110) | (137) | (118) |
Depreciation and amortization | (506) | (512) | (575) |
Impairments of tangible and intangible assets and right-of-use assets | (752) | (1,342) | (1,605) |
Reversals of tangible and intangible assets and right-of-use assets | 35 | 334 | |
Write-off of tangible and intangible assets | (2) | ||
Write-off of tangible and intangible assets and right-of-use assets | (2) | ||
Share of profit (loss) from equity-accounted investments | 446 | (333) | (363) |
Assets | 14,925 | 13,326 | 10,716 |
Equity-accounted investments | 3,084 | 2,366 | 2,605 |
Liabilities | 9,011 | 6,796 | 5,460 |
Capital expenditure in tangible and intangible assets | 878 | 728 | 771 |
Refining & Marketing and Chemical | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (708) | (323) | (403) |
Plenitude & Power | |||
Segment information and information by geographical area | |||
Sales from operations | 19,726 | 10,517 | 7,135 |
Plenitude & Power | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 20,883 | 11,187 | 7,536 |
Operating profit | (825) | 2,355 | 660 |
Net provisions for contingencies | (14) | (1) | 2 |
Depreciation and amortization | (358) | (286) | (217) |
Impairments of tangible and intangible assets and right-of-use assets | (125) | (132) | (56) |
Reversals of tangible and intangible assets and right-of-use assets | 162 | 112 | 55 |
Write-off of tangible and intangible assets | (1) | (7) | |
Share of profit (loss) from equity-accounted investments | (20) | 6 | |
Assets | 11,987 | 8,343 | 4,387 |
Equity-accounted investments | 663 | 667 | 217 |
Liabilities | 4,787 | 3,786 | 2,426 |
Capital expenditure in tangible and intangible assets | 631 | 443 | 293 |
Plenitude & Power | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | (1,157) | (670) | (401) |
Corporate and Other activities | |||
Segment information and information by geographical area | |||
Sales from operations | 190 | 188 | 194 |
Corporate and Other activities | Operating segments | |||
Segment information and information by geographical area | |||
Sales from operations | 1,879 | 1,698 | 1,559 |
Operating profit | (1,901) | (816) | (563) |
Net provisions for contingencies | (1,340) | (186) | (26) |
Depreciation and amortization | (139) | (148) | (146) |
Impairments of tangible and intangible assets and right-of-use assets | (71) | (27) | (22) |
Reversals of tangible and intangible assets and right-of-use assets | 31 | 4 | 1 |
Share of profit (loss) from equity-accounted investments | (115) | (766) | (381) |
Assets | 1,491 | 1,439 | 1,444 |
Equity-accounted investments | 1,030 | 198 | 988 |
Liabilities | 4,416 | 3,338 | 3,316 |
Capital expenditure in tangible and intangible assets | 166 | 187 | 107 |
Corporate and Other activities | Elimination of intersegment amounts | |||
Segment information and information by geographical area | |||
Sales from operations | € (1,689) | € (1,510) | € (1,365) |
Segment information and infor_4
Segment information and information by geographical area - Identifiable assets and investments (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Geographical areas | |||
Assets | € 152,130 | € 137,765 | |
Capital expenditure in tangible and intangible assets | 8,056 | 5,234 | € 4,644 |
Italy | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,475 | 1,333 | 1,198 |
Other European Union | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 415 | 199 | 152 |
Rest of Europe | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 205 | 202 | 119 |
Americas | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,266 | 659 | 441 |
Asia | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 1,390 | 1,203 | 1,267 |
Africa | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 3,163 | 1,604 | 1,443 |
Other areas | |||
Geographical areas | |||
Capital expenditure in tangible and intangible assets | 142 | 34 | 24 |
Allocated amounts | |||
Geographical areas | |||
Assets | 100,686 | 94,292 | 79,604 |
Allocated amounts | Italy | |||
Geographical areas | |||
Assets | 29,195 | 23,718 | 17,228 |
Allocated amounts | Other European Union | |||
Geographical areas | |||
Assets | 7,689 | 6,902 | 4,159 |
Allocated amounts | Rest of Europe | |||
Geographical areas | |||
Assets | 6,564 | 6,114 | 3,174 |
Allocated amounts | Americas | |||
Geographical areas | |||
Assets | 8,892 | 5,718 | 4,485 |
Allocated amounts | Asia | |||
Geographical areas | |||
Assets | 18,653 | 17,483 | 16,360 |
Allocated amounts | Africa | |||
Geographical areas | |||
Assets | 28,167 | 33,499 | 33,341 |
Allocated amounts | Other areas | |||
Geographical areas | |||
Assets | € 1,526 | € 858 | € 857 |
Segment information and infor_5
Segment information and information by geographical area - Revenue (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Geographical areas | |||
Sales from operations | € 132,512 | € 76,575 | € 43,987 |
Italy | |||
Geographical areas | |||
Sales from operations | 60,090 | 29,968 | 14,717 |
Other European Union | |||
Geographical areas | |||
Sales from operations | 25,413 | 14,671 | 9,508 |
Rest of Europe | |||
Geographical areas | |||
Sales from operations | 21,748 | 12,470 | 8,191 |
Americas | |||
Geographical areas | |||
Sales from operations | 6,929 | 4,420 | 2,426 |
Asia | |||
Geographical areas | |||
Sales from operations | 9,062 | 7,891 | 4,182 |
Africa | |||
Geographical areas | |||
Sales from operations | 9,191 | 7,040 | 4,842 |
Other areas | |||
Geographical areas | |||
Sales from operations | € 79 | € 115 | € 121 |
Transactions with related par_3
Transactions with related parties (Details) - Transactions and balances - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions With Related Parties | |||
Receivables and other assets | € 2,794 | € 1,822 | € 1,021 |
Payables and other liabilities | 3,897 | 3,052 | 2,575 |
Guarantees | 8,503 | 2,135 | 2,443 |
Revenues | 11,028 | 3,052 | 1,199 |
Costs | 15,347 | 8,671 | 6,637 |
Other operating (expense) income | 3,306 | 735 | 13 |
Individual amount limit to be included in other related parties | 50 | 50 | 50 |
Joint ventures and associates and investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and other assets | 853 | 536 | 533 |
Payables and other liabilities | 3,018 | 2,066 | 1,818 |
Guarantees | 8,503 | 2,135 | 2,443 |
Revenues | 439 | 380 | 321 |
Costs | 8,884 | 4,819 | 3,448 |
Other operating (expense) income | (597) | (409) | (121) |
Joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and other assets | 706 | 402 | 416 |
Payables and other liabilities | 3,004 | 2,060 | 1,794 |
Guarantees | 8,301 | 1,945 | 2,267 |
Revenues | 417 | 359 | 306 |
Costs | 8,869 | 4,809 | 3,439 |
Other operating (expense) income | (597) | (409) | (121) |
Agiba Petroleum Co | |||
Transactions With Related Parties | |||
Receivables and other assets | 17 | 13 | 6 |
Payables and other liabilities | 71 | 57 | 52 |
Costs | 224 | 189 | 201 |
Angola LNG Ltd | |||
Transactions With Related Parties | |||
Costs | 79 | 73 | |
Angola LNG Supply Services Llc | |||
Transactions With Related Parties | |||
Guarantees | 179 | 165 | |
Coral FLNG SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 10 | 17 | 6 |
Guarantees | 1,378 | 1,260 | 1,079 |
Revenues | 12 | 43 | 49 |
Gas Distribution Company of Thessaloniki Thessaly SA | |||
Transactions With Related Parties | |||
Payables and other liabilities | 13 | ||
Costs | 52 | ||
Azule Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 320 | ||
Payables and other liabilities | 517 | ||
Guarantees | 3,268 | ||
Revenues | 46 | ||
Costs | 1,152 | ||
Saipem Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 3 | 4 | 87 |
Payables and other liabilities | 195 | 134 | 254 |
Guarantees | 9 | 9 | 509 |
Revenues | 9 | 28 | 18 |
Costs | 452 | 174 | 350 |
Vårgrønn Group | |||
Transactions With Related Parties | |||
Guarantees | 1,259 | ||
Karachaganak Petroleum Operating BV | |||
Transactions With Related Parties | |||
Receivables and other assets | 27 | 24 | 25 |
Payables and other liabilities | 251 | 213 | 141 |
Costs | 1,347 | 989 | 816 |
Mellitah Oil & Gas BV | |||
Transactions With Related Parties | |||
Receivables and other assets | 58 | 65 | 54 |
Payables and other liabilities | 144 | 290 | 250 |
Revenues | 9 | 3 | 2 |
Costs | 234 | 263 | 156 |
Petrobel Belayim Petroleum Co | |||
Transactions With Related Parties | |||
Receivables and other assets | 33 | 24 | 65 |
Payables and other liabilities | 595 | 391 | 467 |
Revenues | 2 | ||
Costs | 944 | 651 | 556 |
Societe Centrale Electrique du Congo SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 47 | 50 | 48 |
Revenues | 74 | 66 | 57 |
Societa Oleodotti Meridionali SpA | |||
Transactions With Related Parties | |||
Receivables and other assets | 6 | 6 | 3 |
Payables and other liabilities | 433 | 396 | 399 |
Revenues | 16 | 18 | 20 |
Costs | 14 | 12 | 15 |
Union Fenosa Gas SA | |||
Transactions With Related Parties | |||
Receivables and other assets | 11 | ||
Payables and other liabilities | 4 | ||
Guarantees | 57 | ||
Revenues | 9 | ||
Other operating (expense) income | (3) | ||
Var Energi ASA | |||
Transactions With Related Parties | |||
Receivables and other assets | 58 | 62 | 39 |
Payables and other liabilities | 722 | 526 | 190 |
Guarantees | 2,378 | 495 | 456 |
Revenues | 84 | 104 | 85 |
Costs | 4,085 | 2,224 | 1,126 |
Other operating (expense) income | (597) | (409) | (118) |
Other joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and other assets | 127 | 137 | 72 |
Payables and other liabilities | 76 | 53 | 24 |
Guarantees | 9 | 2 | 1 |
Revenues | 167 | 95 | 66 |
Costs | 338 | 234 | 167 |
Investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and other assets | 147 | 134 | 117 |
Payables and other liabilities | 14 | 6 | 24 |
Guarantees | 202 | 190 | 176 |
Revenues | 22 | 21 | 15 |
Costs | 15 | 10 | 9 |
Eni BTC Ltd | |||
Transactions With Related Parties | |||
Guarantees | 190 | 179 | 165 |
Industria Siciliana Acido Fosforico ISAF SPA | |||
Transactions With Related Parties | |||
Receivables and other assets | 139 | 124 | 112 |
Payables and other liabilities | 4 | 1 | 1 |
Guarantees | 1 | 1 | 1 |
Revenues | 15 | 13 | 11 |
Other unconsolidated subsidiaries | |||
Transactions With Related Parties | |||
Receivables and other assets | 8 | 10 | 5 |
Payables and other liabilities | 10 | 5 | 23 |
Guarantees | 11 | 10 | 10 |
Revenues | 7 | 8 | 4 |
Costs | 15 | 10 | 9 |
Entities controlled by the Government | |||
Transactions With Related Parties | |||
Receivables and other assets | 1,762 | 1,116 | 400 |
Payables and other liabilities | 763 | 905 | 701 |
Revenues | 10,555 | 2,642 | 857 |
Costs | 6,007 | 3,597 | 2,874 |
Other operating (expense) income | 3,903 | 1,144 | 134 |
Cassa Depositi e Prestiti Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 2 | ||
Payables and other liabilities | 47 | ||
Revenues | 3 | ||
Costs | 86 | ||
Enel Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 438 | 583 | 104 |
Payables and other liabilities | 264 | 461 | 165 |
Revenues | 97 | 41 | 51 |
Costs | 275 | 417 | 551 |
Other operating (expense) income | 484 | 373 | 86 |
Italgas Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 218 | 1 | 1 |
Payables and other liabilities | 8 | 49 | 177 |
Revenues | 84 | 3 | 3 |
Costs | 560 | 714 | |
Snam Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 763 | 160 | 189 |
Payables and other liabilities | 25 | 152 | 211 |
Revenues | 1,767 | 159 | 45 |
Costs | 873 | 1,013 | 1,012 |
Other operating (expense) income | 1 | ||
Terna Group | |||
Transactions With Related Parties | |||
Receivables and other assets | 119 | 51 | 46 |
Payables and other liabilities | 159 | 85 | 62 |
Revenues | 612 | 203 | 152 |
Costs | 701 | 309 | 225 |
Other operating (expense) income | (18) | 4 | 8 |
GSE - Gestore Servizi Energetici | |||
Transactions With Related Parties | |||
Receivables and other assets | 207 | 311 | 52 |
Payables and other liabilities | 225 | 125 | 37 |
Revenues | 7,786 | 2,216 | 586 |
Costs | 4,039 | 1,238 | 309 |
Other operating (expense) income | 3,437 | 766 | 40 |
ITA Airways - Italia Trasporto Aereo SpA | |||
Transactions With Related Parties | |||
Receivables and other assets | 3 | ||
Revenues | 179 | ||
Other entities controlled by government | |||
Transactions With Related Parties | |||
Receivables and other assets | 12 | 10 | 8 |
Payables and other liabilities | 35 | 33 | 49 |
Revenues | 27 | 20 | 20 |
Costs | 33 | 60 | 63 |
Other related parties | |||
Transactions With Related Parties | |||
Receivables and other assets | 1 | ||
Payables and other liabilities | 2 | 2 | 4 |
Revenues | 1 | 2 | |
Costs | 39 | 33 | 53 |
Pension funds | |||
Transactions With Related Parties | |||
Costs | 29 | ||
Fondazione Eni Enrico Mattei | |||
Transactions With Related Parties | |||
Costs | 5 | ||
Eni Foundation | |||
Transactions With Related Parties | |||
Costs | 5 | ||
Groupement Sonatrach – Eni «GSE» | |||
Transactions With Related Parties | |||
Receivables and other assets | 179 | ||
Payables and other liabilities | 114 | ||
Revenues | 33 | ||
Costs | € 417 | ||
Groupement Sonatrach Agip and Organe Conjoint des Operations | |||
Transactions With Related Parties | |||
Receivables and other assets | 170 | 87 | |
Payables and other liabilities | 79 | 52 | |
Revenues | 30 | 19 | |
Costs | € 222 | € 262 |
Transactions with related par_4
Transactions with related parties - Financing transactions with related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions With Related Parties | |||
Finance incomes and derivative financial instruments | € 8,450 | € 3,723 | € 3,531 |
Finance expenses | 9,333 | 4,216 | 4,958 |
Gain on disposals | 3,623 | 223 | 75 |
Financing transactions | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 1,657 | 1,700 | 807 |
Payables | 432 | 277 | 218 |
Guarantees | 1,501 | 1,413 | 1,533 |
Finance incomes and derivative financial instruments | 162 | 79 | 114 |
Finance expenses | 164 | 46 | 26 |
Gain on disposals | 30 | ||
Individual amount limit to be included in other related parties | 50 | 50 | |
Financing transactions | Joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 1,639 | 1,660 | 771 |
Payables | 185 | 117 | 179 |
Guarantees | 1,501 | 1,413 | 1,533 |
Finance incomes and derivative financial instruments | 156 | 78 | 113 |
Finance expenses | 159 | 44 | 25 |
Financing transactions | Angola LNG Ltd | |||
Transactions With Related Parties | |||
Guarantees | 228 | ||
Financing transactions | Cardon IV SA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 199 | 383 | |
Payables | 2 | ||
Finance incomes and derivative financial instruments | 37 | 57 | |
Financing transactions | Coral FLNG SA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 356 | 383 | 288 |
Finance incomes and derivative financial instruments | 4 | 22 | |
Finance expenses | 140 | 1 | 1 |
Financing transactions | Coral South FLNG DMCC | |||
Transactions With Related Parties | |||
Guarantees | 1,499 | 1,413 | 1,304 |
Finance incomes and derivative financial instruments | 1 | 2 | |
Finance expenses | 1 | ||
Financing transactions | Mozambique Rovuma Venture SpA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 1,187 | 1,008 | |
Payables | 57 | 72 | |
Finance incomes and derivative financial instruments | 48 | ||
Finance expenses | 5 | ||
Financing transactions | Saipem Group | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 2 | ||
Payables | 100 | 167 | |
Finance incomes and derivative financial instruments | 16 | ||
Finance expenses | 3 | 6 | |
Financing transactions | Societe Centrale Electrique du Congo SA | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 83 | ||
Finance incomes and derivative financial instruments | 7 | ||
Financing transactions | Other joint ventures and associates | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 96 | 70 | 15 |
Payables | 28 | 43 | 12 |
Guarantees | 2 | 1 | |
Finance incomes and derivative financial instruments | 91 | 35 | 27 |
Finance expenses | 10 | 43 | 18 |
Financing transactions | Investments in unconsolidated entities controlled by Eni | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 8 | 38 | 36 |
Payables | 31 | 34 | 28 |
Finance incomes and derivative financial instruments | 5 | 1 | 1 |
Finance expenses | 4 | 1 | |
Financing transactions | Other unconsolidated subsidiaries | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 8 | 38 | 36 |
Payables | 31 | 34 | 28 |
Finance incomes and derivative financial instruments | 5 | 1 | 1 |
Finance expenses | 4 | 1 | |
Financing transactions | Entities controlled by the Government | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 10 | 2 | |
Payables | 216 | 126 | 11 |
Finance incomes and derivative financial instruments | 1 | ||
Finance expenses | 1 | 1 | 1 |
Gain on disposals | 30 | ||
Financing transactions | Enel Group | |||
Transactions With Related Parties | |||
Payables | 176 | 109 | |
Financing transactions | Italgas Group | |||
Transactions With Related Parties | |||
Gain on disposals | 30 | ||
Financing transactions | Other entities controlled by government | |||
Transactions With Related Parties | |||
Receivables and cash and cash equivalents | 10 | 2 | |
Payables | 40 | 17 | 11 |
Finance incomes and derivative financial instruments | 1 | ||
Finance expenses | € 1 | € 1 | € 1 |
Transactions with related par_5
Transactions with related parties - Impact of transactions and positions with related parties (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions With Related Parties | |||
Cash and cash equivalents | € 10,155 | € 8,254 | |
Other current financial assets | 1,504 | 4,308 | |
Trade and other receivables | 20,840 | 18,850 | |
Other current assets | 12,821 | 13,634 | |
Other non-current financial assets | 1,967 | 1,885 | |
Other non-current assets | 2,236 | 1,029 | |
Short-term debt | 4,446 | 2,299 | |
Current portion of long-term debt | 3,097 | 1,781 | |
Current portion of non-current lease liabilities | 884 | 948 | |
Trade and other payables | 25,709 | 21,720 | |
Other current liabilities | 12,473 | 15,756 | |
Long-term debt | 19,374 | 23,714 | |
Non-current lease liabilities | 4,067 | 4,389 | |
Other non-current liabilities | € 3,234 | € 2,246 | |
Cash and cash equivalents, Percentage | 0.10% | 0.02% | |
Other current financial assets, Percentage | 1.06% | 1.23% | |
Trade and other receivables, Percentage | 11.65% | 6.90% | |
Other current assets, Percentage | 2.66% | 3.61% | |
Other non-current financial assets, Percentage | 82.92% | 87.27% | |
Other non-current assets, Percentage | 1.16% | 2.82% | |
Short-term debt, Percentage | 6.91% | 10.13% | |
Current portion of long-term debt, Percentage | 1.16% | 1.18% | |
Current portion of Non-current lease liabilities, Percentage | 3.96% | 1.79% | |
Trade and other payables, Percentage | 12.46% | 10.58% | |
Other current liabilities, Percentage | 1.86% | 2.15% | |
Long-term debt, Percentage | 0.13% | 0.02% | |
Non-current lease liabilities, Percentage | 0.69% | 0.02% | |
Other non-current liabilities, Percentage | 14.29% | 18.48% | |
Sales from operations | € 132,512 | € 76,575 | € 43,987 |
Other income and revenues | 1,175 | 1,196 | 960 |
Purchases, services and other | (102,529) | (55,549) | (33,551) |
Net (impairments) reversals of trade and other receivables | 47 | (279) | (226) |
Payroll and related costs | (3,015) | (2,888) | (2,863) |
Other operating income (expense) | (1,736) | 903 | (766) |
Finance income | 8,450 | 3,723 | 3,531 |
Finance expense | (9,333) | (4,216) | (4,958) |
Derivative financial instruments | 13 | (306) | 351 |
Other income (expense) from investments | € 3,623 | € 223 | € 75 |
Sales from operations, Percentage | 8.20% | 3.92% | 2.65% |
Other income and revenues, Percentage | 13.28% | 4.35% | 3.65% |
Purchases, services and other, Percentage | 14.95% | 15.56% | 19.66% |
Net (impairment losses) reversals of trade and other receivables, Percentage | 2.15% | 2.65% | |
Payroll and related costs, Percentage | 0.60% | 0.73% | 1.26% |
Other operating (expense) income, Percentage | 81.40% | ||
Financial income, Percentage | 1.89% | 2.12% | 3.23% |
Financial expense, Percentage | 1.76% | 1.09% | 0.52% |
Derivative financial instruments, Percentage | 15.38% | ||
Other income (expense) from investments, Percentage | 0.83% | ||
Net cash provided by operating activities | € 17,460 | € 12,861 | € 4,822 |
Net cash used in investing activities | (7,018) | (12,022) | (4,587) |
Net cash used in financing activities | (8,542) | (2,039) | 3,253 |
Change in cash and cash equivalents | 16 | 52 | (69) |
Net increase (decrease) in cash and cash equivalents | € 1,916 | € (1,148) | € 3,419 |
Net cash provided from operating activities, Percentage | 1.28% | ||
Net cash used in investing activities, Percentage | 0.46% | 8.12% | 29.91% |
Net cash used in financing activities, Percentage | 1.03% | 0.64% | 5.04% |
Related parties | |||
Transactions With Related Parties | |||
Cash and cash equivalents | € 10 | € 2 | |
Other current financial assets | 16 | 53 | |
Trade and other receivables | 2,427 | 1,301 | |
Other current assets | 341 | 492 | |
Other non-current financial assets | 1,631 | 1,645 | |
Other non-current assets | 26 | 29 | |
Short-term debt | 307 | 233 | |
Current portion of long-term debt | 36 | 21 | |
Current portion of non-current lease liabilities | 35 | 17 | |
Trade and other payables | 3,203 | 2,298 | |
Other current liabilities | 232 | 339 | |
Long-term debt | 26 | 5 | |
Non-current lease liabilities | 28 | 1 | |
Other non-current liabilities | 462 | 415 | |
Sales from operations | 10,872 | 3,000 | € 1,164 |
Other income and revenues | 156 | 52 | 35 |
Purchases, services and other | (15,327) | (8,644) | (6,595) |
Net (impairments) reversals of trade and other receivables | (2) | (6) | (6) |
Payroll and related costs | (18) | (21) | (36) |
Other operating income (expense) | 3,306 | 735 | 13 |
Finance income | 160 | 79 | 114 |
Finance expense | (164) | (46) | (26) |
Derivative financial instruments | 2 | ||
Other income (expense) from investments | 30 | ||
Revenue and other income cash flow | 11,028 | 3,052 | 1,199 |
Costs and other expenses cash flow | (13,749) | (7,814) | (5,789) |
Other operating (expense) income cash flow | 3,306 | 735 | 13 |
Net change in trade and other receivables and payables | (431) | (342) | (136) |
Net interests cash flow | 69 | 38 | 73 |
Net cash provided by operating activities | 223 | (4,331) | (4,640) |
Capital expenditure in tangible and intangible assets | (1,596) | (851) | (842) |
Disposal of investments | 165 | ||
Net change in accounts payable and receivable in relation to investments | 1,480 | (20) | (370) |
Change in financial receivables | (81) | (105) | (160) |
Net cash used in investing activities | (32) | (976) | (1,372) |
Change in financial and lease liabilities | (88) | (13) | 164 |
Net cash used in financing activities | (88) | (13) | 164 |
Change in cash and cash equivalents | 8 | 2 | |
Net increase (decrease) in cash and cash equivalents | € 111 | € (5,318) | € (5,848) |
Other information about inves_3
Other information about investments - Parent company (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Parent | ||
Share capital | € 4,005,000,000 | € 4,005,000,000 |
ENI SpA | ||
Parent | ||
Share capital | € 4,005,358,876 | € 4,005,358,876 |
ENI SpA | ||
Parent | ||
Registered office | Rome | |
Country of operation | Italy | |
Share capital | € 4,005,358,876 | |
ENI SpA | Cassa Depositi ePrestiti SpA | ||
Parent | ||
Percentage of interest held in reporting entity | 26.21% | |
ENI SpA | Ministero dell Economia e delle Finanze | ||
Parent | ||
Percentage of interest held in reporting entity | 4.41% | |
ENI SpA | ENI SpA | ||
Parent | ||
Percentage of interest held in reporting entity | 6.33% | |
ENI SpA | Other Shareholders | ||
Parent | ||
Percentage of interest held in reporting entity | 63.05% |
Other information about inves_4
Other information about investments - Subsidiaries - Exploration & Production (Details) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 AUD ($) | Dec. 31, 2022 CAD ($) | Dec. 31, 2022 EGP (ج.م.) | Dec. 31, 2022 RUB (₽) | Dec. 31, 2022 DZD (دج) | Dec. 31, 2022 ARS ($) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2022 XAF | Dec. 31, 2022 CDF (CF) | Dec. 31, 2022 GHS (GH₵) | Dec. 31, 2022 MXN ($) | Dec. 31, 2022 NGN (₦) | Dec. 31, 2022 UAH (₴) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Subsidiaries | |||||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||||||||
ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | |||||||||||||||
Exploration & Production | Italy | Subsidiaries One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mediterranea Idrocarburi SpA | ||||||||||||||||
Registered office | Gela (CL) | ||||||||||||||||
Country of operation | Italy | ||||||||||||||||
Share capital | 5,200,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries One [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mozambico SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | 200,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Two [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Natural Energies SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Italy | ||||||||||||||||
Share capital | 100,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Three [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Timor Leste SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | East Timor | ||||||||||||||||
Share capital | 4,386,849 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Four [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni West Africa SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Angola | ||||||||||||||||
Share capital | 1,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Five [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Floaters SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Italy | ||||||||||||||||
Share capital | 200,120,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Six [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Ieoc SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 7,518,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Seven [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Società Petrolifera Italiana SpA | ||||||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||||||
Country of operation | Italy | ||||||||||||||||
Share capital | 8,034,400 | ||||||||||||||||
% Equity ratio | 99.96% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.96% | ||||||||||||||||
Exploration & Production | Italy | Subsidiaries Eight [Member] | Third parties | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.04% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Agip Caspian Sea BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||||
Share capital | 20,005 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Agip Energy and Natural Resources (Nigeria) Ltd | ||||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||||
Country of operation | Nigeria | ||||||||||||||||
Share capital | ₦ | ₦ 5,000,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ten [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 95% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ten [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 5% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Agip Karachaganak BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||||
Share capital | 20,005 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twelve [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy (Bermuda) Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | $ 12,002 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy (Egypt) Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy Congo Ltd | ||||||||||||||||
Registered office | Tortola (British Virgin Islands) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | 50,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | Burren En.(Berm) Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy India Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Energy Plc | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 28,819,023 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Eni UK Holding Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Burren Shakti Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | 213,138 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Burren En. India Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Abu Dhabi BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Albania BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Albania | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Algeria Exploration BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Algeria Ltd Sàrl | ||||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Algeria Production BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ambalat Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni America Ltd | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 72,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni UHL Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Argentina Exploración y Explotación SA | ||||||||||||||||
Registered office | Buenos Aires (Argentina) | ||||||||||||||||
Country of operation | Argentina | ||||||||||||||||
Share capital | $ | $ 31,997,266 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 95% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 5% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Arguni I Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Australia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Australia Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | £ | £ 20,000,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Bahrain BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Bahrain | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni BB Petroleum Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni BTC Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Bukat Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Canada Holding Ltd | ||||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||||
Country of operation | Canada | ||||||||||||||||
Share capital | $ | 3,938,200,001 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni CBM Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | 2,210,728 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni China BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | China | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Congo SA | ||||||||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | 500,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni E&Holding BV [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Côte d'Ivoire Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Ivory Coast | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Cyprus Ltd | ||||||||||||||||
Registered office | Nicosia (Cyprus) | ||||||||||||||||
Country of operation | Cyprus | ||||||||||||||||
Share capital | 2,009 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni do Brasil Investimentos em Exploração e Produção de Petróleo Ltd | ||||||||||||||||
Registered office | Rio de Janeiro (Brazil) | ||||||||||||||||
Country of operation | Brazil | ||||||||||||||||
Share capital | R$ | R$ 1593415000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni East Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni East Sepinggan Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Elgin/Franklin Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Energy Russia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Exploration & Production Holding BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 29,832,777.12 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Gabon SA | ||||||||||||||||
Registered office | Libreville (Gabon) | ||||||||||||||||
Country of operation | Gabon | ||||||||||||||||
Share capital | XAF | XAF 57,088,000,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Gas & Power LNG Australia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | 1,013,439 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ghana Exploration and Production Ltd | ||||||||||||||||
Registered office | Accra (Ghana) | ||||||||||||||||
Country of operation | Ghana | ||||||||||||||||
Share capital | GH₵ | GH₵ 21,412,500 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Hewett Ltd | ||||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 3,036,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Hydrocarbons Venezuela Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | £ | £ 8,050,500 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni India Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | India | ||||||||||||||||
Share capital | £ | £ 44,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Indonesia Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Indonesia Ots 1 Ltd | ||||||||||||||||
Registered office | Grand Cayman (Cayman Islands) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | 1.01 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni International NA NV Sàrl | ||||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | 25,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Investments Plc | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 750,050,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Iran BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Iran | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Iraq BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Iraq | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ireland BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Ireland | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Isatay BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kazakhstan | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni JPDA 03-13 Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | £ | £ 250,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni JPDA 06-105 Pty Ltd | ||||||||||||||||
Registered office | Perth (Australia) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | $ | $ 80,830,576 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni JPDA 11-106 BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Australia | ||||||||||||||||
Share capital | 50,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Kenya BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Kenya | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Krueng Mane Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Lasmo Plc | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 337,638,724.25 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | Eni Investments Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Lebanon BV | ||||||||||||||||
Registered office | Amsterdam(Netherlands) | ||||||||||||||||
Country of operation | Lebanon | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Liverpool Bay Operating Co Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni LNS Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Marketing Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Maroc BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Morocco | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni México S. de RL de CV | ||||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||||
Country of operation | Mexico | ||||||||||||||||
Share capital | $ | $ 3,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Middle East Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | Eni ULT Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | (in liquidation)</span>" id="sjs-B805">Eni MOG Ltd <span style="color: rgb(0, 134, 180);">(in liquidation)</span> | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 0 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Montenegro BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Republic of Montenegro | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mozambique Engineering Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Mozambique LNG Holding BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Muara Bakau BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Myanmar BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Myanmar | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni New Energy Egypt SAE | ||||||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | ج.م. | ج.م. 250,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.98% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Ieoc Exploration BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Ieoc Production BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni North Africa BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Libya | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni North Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oil & Gas Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 100,800 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | Eni America Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oil Algeria Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oil Holdings BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 450,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Oman BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Oman | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Petroleum Co Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 156,600,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 63.86% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 36.14% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Petroleum US Llc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Eni BB Petroleum Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Qatar BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Qatar | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni RAK BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Rapak Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 2 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni RD Congo SA | ||||||||||||||||
Registered office | Kinshasa (Democratic Republic of the Congo) | ||||||||||||||||
Country of operation | Democratic Republic of the Congo | ||||||||||||||||
Share capital | CF | CF 750,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Rovuma Basin BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Mozambique | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | Eni Mozambique LNG H. BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Sharjah BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | United Arab Emirates | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni South Africa BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Republic of South Africa | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni South China Sea Ltd Sàrl | ||||||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||||||
Country of operation | China | ||||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Five [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni TNS Ltd | ||||||||||||||||
Registered office | Aberdeen (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Six [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Tunisia BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Tunisia | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Seven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Turkmenistan Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | Turkmenistan | ||||||||||||||||
Share capital | $ | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Eight [Member] | Burren En.(Berm) Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UHL Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Ninety Nine [Member] | Eni ULT Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UK Holding Plc | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 424,050,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UK Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 50,000,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni UKCS Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 100 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Two [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ukraine Holdings BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Netherlands | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Three [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Ukraine Llc (in liquidation) | ||||||||||||||||
Registered office | Kiev (Ukraine) | ||||||||||||||||
Country of operation | Ukraine | ||||||||||||||||
Share capital | ₴ | ₴ 98,419,627.51 | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Four [Member] | Eni Ukraine Hold.BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni ULT Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 93,215,492.25 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Five [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni ULX Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 200,010,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Six [Member] | Eni ULT Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni US Operating Co Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seven [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni USA Gas Marketing Llc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 10,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eight [Member] | Eni Marketing Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni USA Inc | ||||||||||||||||
Registered office | Dover (USA) | ||||||||||||||||
Country of operation | USA | ||||||||||||||||
Share capital | $ | 1,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nine [Member] | Eni Oil & Gas Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Venezuela BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Venezuela | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Ten [Member] | Eni Venezuela E&P Holding | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Venezuela E&P Holding SA | ||||||||||||||||
Registered office | Bruxelles (Belgium) | ||||||||||||||||
Country of operation | Belgium | ||||||||||||||||
Share capital | $ | 254,443,200 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eleven [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twelve [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Vietnam BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Vietnam | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twelve [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni West Ganal Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirteen [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni West Timor Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | £ | £ 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fourteen [Member] | Eni Indonesia Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fifteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eni Yemen Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 1,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Fifteen [Member] | Burren Energy Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Sixteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Eurl Eni Algérie | ||||||||||||||||
Registered office | Algeri (Algeria) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | دج | دج 1,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Sixteen [Member] | Eni Algeria Ltd Sarl | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seventeen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Export LNG Ltd | ||||||||||||||||
Registered office | Hong Kong (Hong Kong) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | 322,325,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Seventeen [Member] | ENI SpA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eighteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | First Calgary Petroleums LP | ||||||||||||||||
Registered office | Wilmington (USA) | ||||||||||||||||
Country of operation | Algeria | ||||||||||||||||
Share capital | $ | 1 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eighteen [Member] | Eni Canada Hold. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Eighteen [Member] | FCP Partner Co ULC | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nineteen [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | First Calgary Petroleums Partner Co ULC | ||||||||||||||||
Registered office | Calgary (Canada) | ||||||||||||||||
Country of operation | Canada | ||||||||||||||||
Share capital | $ | $ 10 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Nineteen [Member] | Eni Canada Hold. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Ieoc Exploration BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | 20,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Ieoc Production BV | ||||||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||||||
Country of operation | Egypt | ||||||||||||||||
Share capital | € 20,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty One [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Two [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Lasmo Sanga Sanga Ltd | ||||||||||||||||
Registered office | Hamilton (Bermuda) | ||||||||||||||||
Country of operation | Indonesia | ||||||||||||||||
Share capital | $ | 12,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Two [Member] | Eni Lasmo Plc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Three [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Liverpool Bay CCS Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | £ | £ 10,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Three [Member] | Eni UK Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Four [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Liverpool Bay Ltd | ||||||||||||||||
Registered office | London (United Kingdom) | ||||||||||||||||
Country of operation | United Kingdom | ||||||||||||||||
Share capital | $ | 1 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Four [Member] | Eni ULX Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 100% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | LLC "Eni Energhia" | ||||||||||||||||
Registered office | Moscow (Russia) | ||||||||||||||||
Country of operation | Russia | ||||||||||||||||
Share capital | ₽ | ₽ 2,000,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Five [Member] | Eni Energy Russia BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Six [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Mizamtec Operating Company S. de RL de CV | ||||||||||||||||
Registered office | Mexico City (Mexico) | ||||||||||||||||
Country of operation | Mexico | ||||||||||||||||
Share capital | $ | $ 3,000 | ||||||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Six [Member] | Eni Petroleum Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.10% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Six [Member] | Eni US Op. Co Inc | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.90% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Nigerian Agip CPFA Ltd | ||||||||||||||||
Registered office | Lagos (Nigeria) | ||||||||||||||||
Country of operation | Nigeria | ||||||||||||||||
Share capital | ₦ | 1,262,500 | ||||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | NAOC Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 98.02% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | Agip En Nat Res. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Seven [Member] | Nigerian Agip E. Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Nigerian Agip Exploration Ltd | ||||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||||
Country of operation | Nigeria | ||||||||||||||||
Share capital | ₦ | 5,000,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.99% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Eight [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.01% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Nigerian Agip Oil Co Ltd | ||||||||||||||||
Registered office | Abuja (Nigeria) | ||||||||||||||||
Country of operation | Nigeria | ||||||||||||||||
Share capital | ₦ | ₦ 1,800,000 | ||||||||||||||||
% Equity ratio | 100% | ||||||||||||||||
Consolidation or valuation method | F.C. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | Eni International BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 99.89% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Twenty Nine [Member] | Eni Oil Holdings BV | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 0.11% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Zetah Congo Ltd | ||||||||||||||||
Registered office | Nassau (Bahamas) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | 300 | ||||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty [Member] | Eni Congo SA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 66.67% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty [Member] | Burren En.Congo Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 33.33% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | |||||||||||||||||
Subsidiaries | |||||||||||||||||
Company name | Zetah Kouilou Ltd | ||||||||||||||||
Registered office | Nassau (Bahamas) | ||||||||||||||||
Country of operation | Republic of the Congo | ||||||||||||||||
Share capital | $ | $ 2,000 | ||||||||||||||||
Consolidation or valuation method | Co. | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | Eni Congo SA | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 54.50% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | Burren En.Congo Ltd | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 37% | ||||||||||||||||
Exploration & Production | Foreign (outside Italy) | Subsidiaries Hundred Thirty One [Member] | Third parties | |||||||||||||||||
Subsidiaries | |||||||||||||||||
% Ownership | 8.50% |
Other information about inves_5
Other information about investments - Subsidiaries - Global Gas & LNG Portfolio (Details) | 12 Months Ended | ||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 TND (د.ت) | Dec. 31, 2021 EUR (€) | |
Subsidiaries | |||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |
ENI SpA | |||
Subsidiaries | |||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |
Global Gas & LNG Portfolio | Italy | Subsidiaries One [Member] | |||
Subsidiaries | |||
Company name | Eni Corridor Srl | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 100,000,000 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries One [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Two [Member] | |||
Subsidiaries | |||
Company name | Eni Gas Transport Services Srl | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 120,000 | ||
Consolidation or valuation method | Co. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Two [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Three [Member] | |||
Subsidiaries | |||
Company name | Eni Global Energy Markets SpA | ||
Registered office | Rome | ||
Country of operation | Italy | ||
Share capital | € 41,233,720 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Three [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Four [Member] | |||
Subsidiaries | |||
Company name | LNG Shipping SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Italy | ||
Share capital | € 240,900,000 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Four [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Five [Member] | |||
Subsidiaries | |||
Company name | Trans Tunisian Pipeline Co SpA | ||
Registered office | San Donato Milanese (MI) | ||
Country of operation | Tunisia | ||
Share capital | € 1,098,000 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Italy | Subsidiaries Five [Member] | Eni Corridor Srl | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Six [Member] | |||
Subsidiaries | |||
Company name | Eni España Comercializadora de Gas SAU | ||
Registered office | Madrid (Spain) | ||
Country of operation | Spain | ||
Share capital | € 2,340,240 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Six [Member] | ENI SpA | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Seven [Member] | |||
Subsidiaries | |||
Company name | Eni G&P Trading BV | ||
Registered office | Amsterdam (Netherlands) | ||
Country of operation | Turkey | ||
Share capital | € 70,000 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Seven [Member] | Eni International BV | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Eight [Member] | |||
Subsidiaries | |||
Company name | Eni Gas Liquefaction BV | ||
Registered office | Amsterdam (Netherlands) | ||
Country of operation | Netherlands | ||
Share capital | € 20,000 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Eight [Member] | Eni International BV | |||
Subsidiaries | |||
% Ownership | 100% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||
Subsidiaries | |||
Company name | Société de Service du Gazoduc Transtunisien SA - Sergaz SA | ||
Registered office | Tunis (Tunisia) | ||
Country of operation | Tunisia | ||
Share capital | د.ت | د.ت 99,000 | ||
% Equity ratio | 66.67% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Nine [Member] | Third parties | |||
Subsidiaries | |||
% Ownership | 33.33% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Nine [Member] | Eni Corridor Srl | |||
Subsidiaries | |||
% Ownership | 66.67% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||
Subsidiaries | |||
Company name | Société pour la Construction du Gazoduc Transtunisien SA - Scogat SA | ||
Registered office | Tunis (Tunisia) | ||
Country of operation | Tunisia | ||
Share capital | د.ت | د.ت 200,000 | ||
% Equity ratio | 100% | ||
Consolidation or valuation method | F.C. | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | Trans Tunis P Co SpA | |||
Subsidiaries | |||
% Ownership | 0.05% | ||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Subsidiaries Ten [Member] | Eni Corridor Srl | |||
Subsidiaries | |||
% Ownership | 99.95% |
Other information about inves_6
Other information about investments - Subsidiaries - Refining & Marketing and Chemical (Details) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 INR (₨) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2022 CAD ($) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2022 SGD ($) | Dec. 31, 2022 XAF | Dec. 31, 2022 GHS (GH₵) | Dec. 31, 2022 HKD ($) | Dec. 31, 2022 HUF (Ft) | Dec. 31, 2022 MXN ($) | Dec. 31, 2022 TRY (₺) | Dec. 31, 2022 RON | Dec. 31, 2022 VND (₫) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Subsidiaries | ||||||||||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||||||||||||||
ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | ||||||||||||||||
Refining & Marketing | Italy | Subsidiaries One [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Ecofuel SpA | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 52,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries One [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Two [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4 in Alexandria Srl Società Agricola | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 50,000 | |||||||||||||||||
% Equity ratio | 70% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Two [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 70% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Two [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 30% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Three [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Aprilia Srl | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 10,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Three [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Four [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Grupellum Società Agricola Srl | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 100,000 | |||||||||||||||||
% Equity ratio | 98% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Four [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 98% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Four [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 2% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Five [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Jonica Srl | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Five [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Six [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Momo Società Agricola Srl | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
% Equity ratio | 95% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Six [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 95% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Six [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 5% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seven [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Pannellia BioGas Srl Società Agricola | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 50,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seven [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eight [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Quadruvium Srl Società Agricola | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 100,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eight [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nine [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Service BioGas Srl | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 50,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nine [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Ten [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in Società Agricola Il Bue Srl | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 10,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Ten [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eleven [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | EniBioCh4in SpA | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 2,500,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eleven [Member] | Eni Sust. Mobility SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twelve [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Fuel SpA | |||||||||||||||||
Registered office | Rome | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 59,944,310 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Twelve [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirteen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Sustainable Mobility SpA (former Eni4Cities SpA) | |||||||||||||||||
Registered office | Rome | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 39,450,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Thirteen [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fourteen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Trade & Biofuels SpA | |||||||||||||||||
Registered office | Rome | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 22,568,759 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fourteen [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fifteen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Petroven Srl | |||||||||||||||||
Registered office | Genova | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 918,520 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Fifteen [Member] | Ecofuel SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Sixteen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Po' Energia Srl Società Agricola | |||||||||||||||||
Registered office | Bolzano | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 10,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Sixteen [Member] | EniBioCh4in SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seventeen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Raffineria di Gela SpA | |||||||||||||||||
Registered office | Gela (CL) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 15,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Seventeen [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eighteen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | SeaPad SpA | |||||||||||||||||
Registered office | Genova | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 12,400,000 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eighteen [Member] | Ecofuel SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 80% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Eighteen [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 20% | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nineteen [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Servizi Fondo Bombole Metano SpA | |||||||||||||||||
Registered office | Rome | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 13,580,000.2 | |||||||||||||||||
Consolidation or valuation method | Co. | |||||||||||||||||
Refining & Marketing | Italy | Subsidiaries Nineteen [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Abu Dhabi Refining & Trading BV | |||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Abu Dhabi Refining & Trading Services BV | |||||||||||||||||
Registered office | Amsterdam (Netherlands) | |||||||||||||||||
Country of operation | United Arab Emirates | |||||||||||||||||
Share capital | 20,000 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni Abu Dhabi R&T BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Austria GmbH | |||||||||||||||||
Registered office | Wien (Austria) | |||||||||||||||||
Country of operation | Austria | |||||||||||||||||
Share capital | 78,500,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 25% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Eni Sust. Mobility SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 75% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Benelux BV | |||||||||||||||||
Registered office | Rotterdam (Netherlands) | |||||||||||||||||
Country of operation | Netherlands | |||||||||||||||||
Share capital | 1,934,040 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | Eni Sust. Mobility SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Deutschland GmbH | |||||||||||||||||
Registered office | Munich (Germany) | |||||||||||||||||
Country of operation | Germany | |||||||||||||||||
Share capital | 90,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 89% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni Oil Holdings BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 11% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Ecuador SA | |||||||||||||||||
Registered office | Quito (Ecuador) | |||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||
Share capital | $ | $ 103,142.08 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.93% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Esain SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 0.07% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Energy (Shanghai) Co Ltd | |||||||||||||||||
Registered office | Shanghai (China) | |||||||||||||||||
Country of operation | China | |||||||||||||||||
Share capital | 5,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni France Sàrl | |||||||||||||||||
Registered office | Lyon (France) | |||||||||||||||||
Country of operation | France | |||||||||||||||||
Share capital | 56,800,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Iberia SLU | |||||||||||||||||
Registered office | Alcobendas (Spain) | |||||||||||||||||
Country of operation | Spain | |||||||||||||||||
Share capital | 17,299,100 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni Sust. Mobility SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Marketing Austria GmbH | |||||||||||||||||
Registered office | Wien (Austria) | |||||||||||||||||
Country of operation | Austria | |||||||||||||||||
Share capital | 19,621,665.23 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni Mineralolh.GmbH | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Mineralölhandel GmbH | |||||||||||||||||
Registered office | Wien (Austria) | |||||||||||||||||
Country of operation | Austria | |||||||||||||||||
Share capital | 34,156,232.06 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni Austria GmbH | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Schmiertechnik GmbH | |||||||||||||||||
Registered office | Wurzburg (Germany) | |||||||||||||||||
Country of operation | Germany | |||||||||||||||||
Share capital | 2,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni Deutsch.GmbH | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Suisse SA | |||||||||||||||||
Registered office | Lausanne (Switzerland) | |||||||||||||||||
Country of operation | Switzerland | |||||||||||||||||
Share capital | SFr | SFr 102,500,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Trading & Shipping Inc | |||||||||||||||||
Registered office | Dover (USA) | |||||||||||||||||
Country of operation | USA | |||||||||||||||||
Share capital | $ | 1,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | ET&B SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni Transporte y Suministro México S. de RL de CV | |||||||||||||||||
Registered office | Mexico City (Mexico) | |||||||||||||||||
Country of operation | Mexico | |||||||||||||||||
Share capital | $ | $ 3,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.90% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni Oil Holdings BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 0.10% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Eni USA R&M Co Inc | |||||||||||||||||
Registered office | Wilmington (USA) | |||||||||||||||||
Country of operation | USA | |||||||||||||||||
Share capital | $ | 11,000,000 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Esacontrol SA | |||||||||||||||||
Registered office | Quito (Ecuador) | |||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||
Share capital | $ | 60,000 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni Ecuador SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 87% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 13% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Esain SA | |||||||||||||||||
Registered office | Quito (Ecuador) | |||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||
Share capital | $ | 30,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni Ecuador SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Oléoduc du Rhône SA | |||||||||||||||||
Registered office | Bovernier (Switzerland) | |||||||||||||||||
Country of operation | Switzerland | |||||||||||||||||
Share capital | SFr | SFr 7,000,000 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni International BV | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Tecnoesa SA | |||||||||||||||||
Registered office | Quito (Ecuador) | |||||||||||||||||
Country of operation | Ecuador | |||||||||||||||||
Share capital | $ | 36,000 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Refining & Marketing | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni Ecuador SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Chemicals | Italy | Subsidiaries Forty [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis SpA | |||||||||||||||||
Registered office | San Donato Milanese (MI) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 446,050,728.65 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Italy | Subsidiaries Forty [Member] | ENI SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Italy | Subsidiaries Forty One [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject SpA | |||||||||||||||||
Registered office | Morrovalle (MC) | |||||||||||||||||
Country of operation | Italy | |||||||||||||||||
Share capital | 18,500,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Italy | Subsidiaries Forty One [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Asian Compounds Ltd | |||||||||||||||||
Registered office | Hong Kong (Hong Kong) | |||||||||||||||||
Country of operation | Hong Kong | |||||||||||||||||
Share capital | $ | $ 1,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Finproject Asia Ltd | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Dunastyr Polisztirolgyártó Zártkörûen Mûködõ Részvénytársaság | |||||||||||||||||
Registered office | Budapest (Hungary) | |||||||||||||||||
Country of operation | Hungary | |||||||||||||||||
Share capital | Ft | Ft 1,577,971,200 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 96.34% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Versalis Deutsc GmbH | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 1.83% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Versalis International SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 1.83% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject Asia Ltd | |||||||||||||||||
Registered office | Hong Kong (Hong Kong) | |||||||||||||||||
Country of operation | Hong Kong | |||||||||||||||||
Share capital | $ | 1,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject Brasil Industria De Solados Eireli | |||||||||||||||||
Registered office | Franca (Brazil) | |||||||||||||||||
Country of operation | Brazil | |||||||||||||||||
Share capital | R$ | R$ 1000000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject Guangzhou Trading Co Ltd | |||||||||||||||||
Registered office | Guangzhou (China) | |||||||||||||||||
Country of operation | China | |||||||||||||||||
Share capital | $ | 180,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject India Pvt Ltd | |||||||||||||||||
Registered office | Jaipur (India) | |||||||||||||||||
Country of operation | India | |||||||||||||||||
Share capital | ₨ | ₨ 100,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Finproject Asia Ltd | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 1% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | Asian Compounds Ltd | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject Romania Srl | |||||||||||||||||
Registered office | Valea Lui Mihai (Romania) | |||||||||||||||||
Country of operation | Romania | |||||||||||||||||
Share capital | RON | RON 67,730 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject Singapore Pte Ltd | |||||||||||||||||
Registered office | Singapore (Singapore) | |||||||||||||||||
Country of operation | Singapore | |||||||||||||||||
Share capital | $ | $ 100 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Finproject Asia Ltd | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Finproject Viet Nam Company Limited | |||||||||||||||||
Registered office | Hai Phong (Vietnam) | |||||||||||||||||
Country of operation | Vietnam | |||||||||||||||||
Share capital | ₫ | ₫ 19,623,250,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Finproject Asia Ltd | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Foam Creations (2008) Inc | |||||||||||||||||
Registered office | Quebec City (Canada) | |||||||||||||||||
Country of operation | Canada | |||||||||||||||||
Share capital | $ | $ 1,215,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Foam Creations México SA de CV | |||||||||||||||||
Registered office | León (Mexico) | |||||||||||||||||
Country of operation | Mexico | |||||||||||||||||
Share capital | $ | 19,138,165 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | Foam Creations (2008) | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Padanaplast America Llc | |||||||||||||||||
Registered office | Wilmington (USA) | |||||||||||||||||
Country of operation | USA | |||||||||||||||||
Share capital | $ | 70,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Padanaplast Deutschland GmbH | |||||||||||||||||
Registered office | Hannover (Germany) | |||||||||||||||||
Country of operation | Germany | |||||||||||||||||
Share capital | 25,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Finproject SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Americas Inc | |||||||||||||||||
Registered office | Dover (USA) | |||||||||||||||||
Country of operation | USA | |||||||||||||||||
Share capital | $ | $ 100,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | Versalis International SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Congo Sarlu | |||||||||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | |||||||||||||||||
Country of operation | Republic of the Congo | |||||||||||||||||
Share capital | XAF | XAF 1,000,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | Versalis International SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Deutschland GmbH | |||||||||||||||||
Registered office | Eschborn (Germany) | |||||||||||||||||
Country of operation | Germany | |||||||||||||||||
Share capital | 100,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis France SAS | |||||||||||||||||
Registered office | Mardyck (France) | |||||||||||||||||
Country of operation | France | |||||||||||||||||
Share capital | 126,115,582.9 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis International SA | |||||||||||||||||
Registered office | Bruxelles (Belgium) | |||||||||||||||||
Country of operation | Belgium | |||||||||||||||||
Share capital | € 15,449,173.88 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 59% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Versalis Deutsc GmbH | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 23.71% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Dunastyr Zrt | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 14.43% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | Versalis France | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 2.86% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Kimya Ticaret Limited Sirketi | |||||||||||||||||
Registered office | Istanbul (Turkey) | |||||||||||||||||
Country of operation | Turkey | |||||||||||||||||
Share capital | ₺ | ₺ 20,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty [Member] | Versalis International SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis México S. de RL de CV | |||||||||||||||||
Registered office | Mexico City (Mexico) | |||||||||||||||||
Country of operation | Mexico | |||||||||||||||||
Share capital | $ | $ 1,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 1% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Versalis International SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Pacific (India) Private Ltd | |||||||||||||||||
Registered office | Mumbai (India) | |||||||||||||||||
Country of operation | India | |||||||||||||||||
Share capital | ₨ | ₨ 238,700 | |||||||||||||||||
Consolidation or valuation method | Eq. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | Versalis Singapore P. Ltd | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 99.99% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Pacific Trading (Shanghai) Co Ltd | |||||||||||||||||
Registered office | Shanghai (China) | |||||||||||||||||
Country of operation | China | |||||||||||||||||
Share capital | ¥ | ¥ 15,237,236 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Singapore Pte Ltd | |||||||||||||||||
Registered office | Singapor (Singapore) | |||||||||||||||||
Country of operation | Singapore | |||||||||||||||||
Share capital | $ | $ 80,000 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis UK Ltd | |||||||||||||||||
Registered office | London (United Kingdom) | |||||||||||||||||
Country of operation | United Kingdom | |||||||||||||||||
Share capital | £ | £ 4,004,042 | |||||||||||||||||
% Equity ratio | 100% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | Versalis SpA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 100% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
Company name | Versalis Zeal Ltd | |||||||||||||||||
Registered office | Tokoradi (Ghana) | |||||||||||||||||
Country of operation | Ghana | |||||||||||||||||
Share capital | GH₵ | GH₵ 5,650,000 | |||||||||||||||||
% Equity ratio | 80% | |||||||||||||||||
Consolidation or valuation method | F.C. | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Versalis International SA | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 80% | |||||||||||||||||
Chemicals | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | Third parties | ||||||||||||||||||
Subsidiaries | ||||||||||||||||||
% Ownership | 20% |
Other information about inves_7
Other information about investments - Subsidiaries - Plenitude & Power (Details) | 12 Months Ended | ||||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 AUD ($) | Dec. 31, 2022 COP ($) | Dec. 31, 2022 KZT (₸) | Dec. 31, 2022 RON | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Subsidiaries | |||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||
ENI SpA | |||||||
Subsidiaries | |||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||||
Plenitude | Italy | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | 4Energia Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 400,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries One [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Agrikroton Srl - Società Agricola | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Two [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Borgia Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Three [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Charge Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 500,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Four [Member] | Be Power SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Charge Valle d'Aosta Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Five [Member] | Be Charge Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Be Power SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 698,251 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 99.19% | ||||||
Plenitude | Italy | Subsidiaries Six [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 0.81% | ||||||
Plenitude | Italy | Subsidiaries Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | CEF 3 Wind Energy SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 101,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seven [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | CGDB Enrico Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eight [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | CGDB Laerte Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Nine [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Corridonia Energia Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 20,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Ten [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Dynamica Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eleven [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twelve [Member] | |||||||
Subsidiaries | |||||||
Company name | Ecoener Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twelve [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Elettro Sannio Wind 2 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,225,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirteen [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fourteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Enerkall Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fourteen [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 9,296,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifteen [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude SpA Società Benefit (former Eni gas e luce SpA Società Benefit) | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 770,000,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixteen [Member] | ENI SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventeen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Pietramontecorvino Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventeen [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Eighteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Wind Power Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Eighteen [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Nineteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolo Energie - Corleone - Campofiorito Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Nineteen [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty [Member] | |||||||
Subsidiaries | |||||||
Company name | Evolvere SpA Società Benefit | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,130,000 | ||||||
% Equity ratio | 70.52% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 70.52% | ||||||
Plenitude | Italy | Subsidiaries Twenty [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 29.48% | ||||||
Plenitude | Italy | Subsidiaries Twenty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Evolvere Venture SpA | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 70.52% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty One [Member] | Evolvere SpA Soc. Ben. | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Faren Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Two [Member] | SEF Green Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | FAS Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 119,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Three [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Finpower Wind Srl | ||||||
Registered office | Milan | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Four [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Fotovoltaica Pietramontecorvino Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Five [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | FV4P Srl | ||||||
Registered office | Forlì (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Six [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Gemsa Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Seven [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | GPC Uno Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 25,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Eight [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Twenty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | GPC Due Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 12,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Twenty Nine [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty [Member] | |||||||
Subsidiaries | |||||||
Company name | Green Parity Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Lugo Società Agricola Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty One [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Lugo Solar Tech Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Two [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Marano Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Three [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Marano Solare Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Four [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Marcellinara Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 35,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Five [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Micropower Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 30,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Six [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Molinetto Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Seven [Member] | Faren Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Montefano Energia Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 20,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Eight [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Thirty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Monte San Giusto Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Thirty Nine [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty [Member] | |||||||
Subsidiaries | |||||||
Company name | Olivadi Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Parco Eolico di Tursi e Colobraro Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 31,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty One [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Pescina Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Two [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Pieve5 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Three [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Energia Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 3,865,474 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Four [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Engineering Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Five [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Puregreen SpA | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 500,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Six [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Wind 2020 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,000,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Seven [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Wind 2022 SpA | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,000,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Eight [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Forty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Pollenza Sole Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 32,500 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Forty Nine [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty [Member] | |||||||
Subsidiaries | |||||||
Company name | Ravenna 1 FTV Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty One [Member] | |||||||
Subsidiaries | |||||||
Company name | RF-AVIO Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty One [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | RF-Cavallerizza Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Two [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Ruggiero Wind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Three [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | SAV - Santa Maria Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Four [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | SEA SpA | ||||||
Registered office | L'Aquila | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Five [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | SEF Green Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 500 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Six [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | SEF Miniwind Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 50,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Seven [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | SEF Solar Abruzzo Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Eight [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Fifty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | SEF Solar II Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Fifty Nine [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty [Member] | |||||||
Subsidiaries | |||||||
Company name | SEF Solar Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 120,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty One [Member] | |||||||
Subsidiaries | |||||||
Company name | SEF Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 25,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty One [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Agricentro Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Two [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Casemurate Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Three [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Forestale Pianura Verde Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Four [Member] | Soc. Agr. Agricentro Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola Isola d'Agri Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Five [Member] | SEF Solar Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola L'Albero Azzurro Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Six [Member] | Soc. Agr. Agricentro Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Agricola SEF Bio Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Seven [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Sixty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Energie Rinnovabili 1 SpA | ||||||
Registered office | Rome | ||||||
Country of operation | Italy | ||||||
Share capital | € 120,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Eight [Member] | SER SpA | |||||||
Subsidiaries | |||||||
% Ownership | 96% | ||||||
Plenitude | Italy | Subsidiaries Sixty Eight [Member] | CEF 3 Wind Energy | |||||||
Subsidiaries | |||||||
% Ownership | 4% | ||||||
Plenitude | Italy | Subsidiaries Sixty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Società Energie Rinnovabili SpA | ||||||
Registered office | Palermo | ||||||
Country of operation | Italy | ||||||
Share capital | € 121,636 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Sixty Nine [Member] | CEF 3 Wind Energy | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy [Member] | |||||||
Subsidiaries | |||||||
Company name | Timpe Muzzunetti 2 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 2,500 | ||||||
% Equity ratio | 70% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 70% | ||||||
Plenitude | Italy | Subsidiaries Seventy [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 30% | ||||||
Plenitude | Italy | Subsidiaries Seventy One [Member] | |||||||
Subsidiaries | |||||||
Company name | Vivaro FTV Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy One [Member] | SEF Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Two [Member] | |||||||
Subsidiaries | |||||||
Company name | VRG Wind 127 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Two [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Three [Member] | |||||||
Subsidiaries | |||||||
Company name | VRG Wind 149 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Three [Member] | PLT Wind 2022 SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Four [Member] | |||||||
Subsidiaries | |||||||
Company name | W-Energy Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 93,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Four [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Park Laterza Srl | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Five [Member] | Eni New Energy SpA | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Salandra Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Six [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Windsol Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 3,250,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Seven [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Italy | Subsidiaries Seventy Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Wind Turbines Engineering 2 Srl | ||||||
Registered office | Cesena (FC) | ||||||
Country of operation | Italy | ||||||
Share capital | € 5,450,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Italy | Subsidiaries Seventy Eight [Member] | PLT Wind 2020 Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | Adriaplin Podjetje za distribucijo zemeljskega plina doo Ljubljana | ||||||
Registered office | Ljubljana (Slovenia) | ||||||
Country of operation | Slovenia | ||||||
Share capital | € 12,956,935 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Aleria Solar SAS | ||||||
Registered office | Bastia (France) | ||||||
Country of operation | France | ||||||
Share capital | € 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Two [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Alpinia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Three [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Anberia Invest SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Four [Member] | PLT Eng. Spagna SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Argon SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 180,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Five [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Arm Wind Llp | ||||||
Registered office | Astana (Kazakhstan) | ||||||
Country of operation | Kazakhstan | ||||||
Share capital | ₸ | ₸ 19,069,100,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Six [Member] | Eni En. Solutions BV | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV1 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 68,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seven [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV2 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 40,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eight [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV3 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 36,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nine [Member] | Krypton SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ten [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV4 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 14,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ten [Member] | Xenon SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eleven [Member] | |||||||
Subsidiaries | |||||||
Company name | Athies-Samoussy Solar PV5 SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 14,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Xenon SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twelve [Member] | |||||||
Subsidiaries | |||||||
Company name | Belle Magiocche Solaire SAS | ||||||
Registered office | Bastia (France) | ||||||
Country of operation | France | ||||||
Share capital | € 10,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Bonete Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria Class B Member Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria County Solar Project Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 1,000 | ||||||
% Equity ratio | 89.27% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | Brazoria HoldCo Llc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Brazoria HoldCo Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 206,355,897.15 | ||||||
% Equity ratio | 89.27% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Brazoria Class B | |||||||
Subsidiaries | |||||||
% Ownership | 89.27% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 10.73% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | |||||||
Subsidiaries | |||||||
Company name | Camelia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Celtis Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Energy Class B Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Nineteen [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Equity ratio | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Energy Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Corazon Tax Eq. Part. Llc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Equity ratio | 91.74% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Energy Services Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty One [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Corazon Tax Equity Partnership Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 199,142,207.16 | ||||||
% Equity ratio | 91.74% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Corazon En. Class B Llc | |||||||
Subsidiaries | |||||||
% Ownership | 91.74% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Two [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 8.26% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Corlinter 5000 SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Three [Member] | PLT Eng. Spagna SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Desarrollos Empresariales Illas SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Four [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Desarrollos Energéticos Riojanos SL | ||||||
Registered office | Villarcayo de Merindad de Castilla la Vieja (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 876,042 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 60% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Five [Member] | Energias Amb. Outes | |||||||
Subsidiaries | |||||||
% Ownership | 40% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Ecovent Parc Eolic SAU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 1,037,350 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Six [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Ekain Renovables SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Seven [Member] | PLT Eng. Spagna SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Energía Eólica Boreas SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Eight [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Energías Ambientales de Outes SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 643,451.49 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Twenty Nine [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | |||||||
Subsidiaries | |||||||
Company name | Energías Alternativas Eolicas Riojanas SL | ||||||
Registered office | Logroño (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 2,008,901.71 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 57.50% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty [Member] | Desarrollos Energéticos | |||||||
Subsidiaries | |||||||
% Ownership | 42.50% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Energy Solutions BV | ||||||
Registered office | Amsterdam (Netherlands) | ||||||
Country of operation | Netherlands | ||||||
Share capital | € 20,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty One [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Gas & Power France SA | ||||||
Registered office | Levallois Perret (France) | ||||||
Country of operation | France | ||||||
Share capital | € 239,500,800 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Two [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 99.99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Australia Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | $ 4 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Three [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Batchelor Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Four [Member] | Eni New En. Aus. Pty Ltd | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Katherine Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Five [Member] | Eni New En. Aus. Pty Ltd | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy Manton Dam Pty Ltd | ||||||
Registered office | Perth (Australia) | ||||||
Country of operation | Australia | ||||||
Share capital | $ | $ 1 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Six [Member] | Eni New En. Aus. Pty Ltd | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Holding Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni New Energy US Inv. Inc | |||||||
Subsidiaries | |||||||
% Ownership | 1% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Seven [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Inc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Eight [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni New Energy US Investing Inc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Thirty Nine [Member] | Eni New Energy US Inc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Iberia SLU (former Aldro Energía y Soluciones SLU) | ||||||
Registered office | Santander (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,192,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Operations France SAS (former Dhamma Energy SAS) | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 1,116,489.72 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty One [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables France SAS (former Dhamma Energy Development SAS) | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 51,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Two [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables Hellas Single Member SA | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 627,464 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Three [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables Luxembourg Sàrl (former Dhamma Energy Group Sàrl) | ||||||
Registered office | Dudelange (Luxembourg) | ||||||
Country of operation | Luxembourg | ||||||
Share capital | € 10,253,560 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Four [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Renewables Spain SLU (former Dhamma Energy Management SLU) | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 6,680 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Five [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Eni Plenitude Rooftop France SAS (former Dhamma Energy Rooftop SAS) | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 40,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Six [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Eolica Cuellar de la Sierra SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 110,999.77 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Seven [Member] | PLT Spagna SL | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Estanque Redondo Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Eight [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Fotovoltaica Escudero SLU | ||||||
Registered office | Valencia (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Forty Nine [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty [Member] | |||||||
Subsidiaries | |||||||
Company name | Gas Supply Company Thessaloniki-Thessalia SA | ||||||
Registered office | Thessaloniki (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 13,761,788 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty [Member] | Eni Plenitude Spa SB | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Guajillo Energy Storage Llc | ||||||
Registered office | Dover (USA) | ||||||
Country of operation | USA | ||||||
Share capital | $ | $ 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty One [Member] | Eni New Energy US H. Llc | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Guilleus Consulting SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Two [Member] | PLT Eng. Spagna SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | Holding Lanas Solar Sàrl | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Three [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | Inveese SAS | ||||||
Registered office | Bogotà (Colombia) | ||||||
Country of operation | Colombia | ||||||
Share capital | $ | $ 100,000,000 | ||||||
% Equity ratio | 38.25% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | PLT Colombia SAS | |||||||
Subsidiaries | |||||||
% Ownership | 75% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Four [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 25% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | Ixia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Five [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | Krypton SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 180,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Six [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | Lanas Solar SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Seven [Member] | Holding Lanas Solar Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | Membrio Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Eight [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Miburia Trade SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Fifty Nine [Member] | PLT Eng. Spagna SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty [Member] | |||||||
Subsidiaries | |||||||
Company name | Olea Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | |||||||
Subsidiaries | |||||||
Company name | Opalo Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty One [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Pistacia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Two [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Colombia SAS | ||||||
Registered office | Bogotà (Colombia) | ||||||
Country of operation | Colombia | ||||||
Share capital | $ | 510,840,000 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Three [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Engineering Colombia SAS | ||||||
Registered office | Bogotà (Colombia) | ||||||
Country of operation | Colombia | ||||||
Share capital | $ | $ 1,000,000 | ||||||
% Equity ratio | 60% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | PLT Engineering Srl | |||||||
Subsidiaries | |||||||
% Ownership | 60% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Four [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 40% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Engineering Romania Srl | ||||||
Registered office | Cluj-Napoca (Romania) | ||||||
Country of operation | Romania | ||||||
Share capital | RON | RON 4,400 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | PLT Engineering Srl | |||||||
Subsidiaries | |||||||
% Ownership | 95% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Five [Member] | Micropower Srl | |||||||
Subsidiaries | |||||||
% Ownership | 5% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Engineering Spagna SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Six [Member] | PLT Engineering Srl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | PLT Spagna SL | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 100,000 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | PLT Energia Srl | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Seven [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | POP Solar SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 1,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Eight [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | Punes Trade SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Sixty Nine [Member] | PLT Eng. Spagna SLU | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV1 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 14,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV2 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 14,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy One [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV3 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 14,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Two [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV4 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 13,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Three [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV5 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 13,600 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Four [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV6 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,300 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Five [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV7 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 31,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Six [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV8 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Seven [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV9 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Eight [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV10 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 18,800 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Seventy Nine [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV11 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 25,300 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV12 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty One [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV13 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 30,900 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Two [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV14 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 39,900 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Three [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV15 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Four [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV16 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 19,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Five [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV17 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 10,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Six [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV18 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 5,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Seven [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV19 Single Member Private Company | ||||||
Registered office | Athens(Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 12,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Eight [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | |||||||
Subsidiaries | |||||||
Company name | SKGRPV20 Single Member Private Company | ||||||
Registered office | Athens (Greece) | ||||||
Country of operation | Greece | ||||||
Share capital | € 12,200 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Eighty Nine [Member] | Eni Plen. Renew. Hellas | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety [Member] | |||||||
Subsidiaries | |||||||
Company name | Tebar Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | |||||||
Subsidiaries | |||||||
Company name | Xenon SAS | ||||||
Registered office | Argenteuil (France) | ||||||
Country of operation | France | ||||||
Share capital | € 1,500,100 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | Eni Plen. Op. Fr. SAS | |||||||
Subsidiaries | |||||||
% Ownership | 0.01% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 99.99% | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | |||||||
Subsidiaries | |||||||
Company name | Zinnia Solar SLU | ||||||
Registered office | Madrid (Spain) | ||||||
Country of operation | Spain | ||||||
Share capital | € 3,000 | ||||||
% Equity ratio | 100% | ||||||
Consolidation or valuation method | F.C. | ||||||
Plenitude | Foreign (outside Italy) | Subsidiaries Ninety Two [Member] | Eni Plen. Ren. Lux. Sàrl | |||||||
Subsidiaries | |||||||
% Ownership | 100% | ||||||
Power | Italy | Subsidiaries One [Member] | |||||||
Subsidiaries | |||||||
Company name | EniPower Mantova SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 144,000,000 | ||||||
% Equity ratio | 44.12% | ||||||
Consolidation or valuation method | F.C. | ||||||
Power | Italy | Subsidiaries One [Member] | EniPower SpA | |||||||
Subsidiaries | |||||||
% Ownership | 86.50% | ||||||
Power | Italy | Subsidiaries One [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 13.50% | ||||||
Power | Italy | Subsidiaries Two [Member] | |||||||
Subsidiaries | |||||||
Company name | EniPower SpA | ||||||
Registered office | San Donato Milanese (MI) | ||||||
Country of operation | Italy | ||||||
Share capital | € 200,000,000 | ||||||
% Equity ratio | 51% | ||||||
Consolidation or valuation method | F.C. | ||||||
Power | Italy | Subsidiaries Two [Member] | ENI SpA | |||||||
Subsidiaries | |||||||
% Ownership | 51% | ||||||
Power | Italy | Subsidiaries Two [Member] | Third parties | |||||||
Subsidiaries | |||||||
% Ownership | 49% |
Other information about inves_8
Other information about investments - Subsidiaries - Corporate and other activities (Details) SFr in Millions | 12 Months Ended | |||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 EGP (ج.م.) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Subsidiaries | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
ENI SpA | ||||||
Subsidiaries | ||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | ||||
Corporate and financial companies | Italy | Subsidiaries One [Member] | ||||||
Subsidiaries | ||||||
Company name | Agenzia Giornalistica Italia SpA | |||||
Registered office | Rome | |||||
Country of operation | Italy | |||||
Share capital | 2,000,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries One [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Two [Member] | ||||||
Subsidiaries | ||||||
Company name | D-Share SpA | |||||
Registered office | Milan | |||||
Country of operation | Italy | |||||
Share capital | 121,719.25 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Two [Member] | AGI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Three [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Corporate University SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 3,360,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Three [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Four [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Energia Italia Srl | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 50,000 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Italy | Subsidiaries Four [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Five [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Trading & Shipping SpA (in liquidation) | |||||
Registered office | Rome | |||||
Country of operation | Italy | |||||
Share capital | 334,171 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Italy | Subsidiaries Five [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Six [Member] | ||||||
Subsidiaries | ||||||
Company name | EniProgetti SpA | |||||
Registered office | Venezia Marghera (VE) | |||||
Country of operation | Italy | |||||
Share capital | 2,064,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Six [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Seven [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Servizi SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 13,427,419.08 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Seven [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Eight [Member] | ||||||
Subsidiaries | ||||||
Company name | Eniverse Ventures Srl (former Eni Nuova Energia Srl) | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 50,000 | |||||
Consolidation or valuation method | Co. | |||||
Corporate and financial companies | Italy | Subsidiaries Eight [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | ||||||
Subsidiaries | ||||||
Company name | Serfactoring SpA (in liquidation) | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 5,160,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Nine [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Italy | Subsidiaries Ten [Member] | ||||||
Subsidiaries | ||||||
Company name | Servizi Aerei SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 48,205,536 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Italy | Subsidiaries Ten [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eleven [Member] | ||||||
Subsidiaries | ||||||
Company name | Banque Eni SA | |||||
Registered office | Bruxelles (Belgium) | |||||
Country of operation | Belgium | |||||
Share capital | 50,000,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 99.90% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eleven [Member] | Eni Oil Holdings BV | ||||||
Subsidiaries | ||||||
% Ownership | 0.10% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Finance International SA | |||||
Registered office | Bruxelles (Belgium) | |||||
Country of operation | Belgium | |||||
Share capital | $ | $ 1,480,365,336 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 33.61% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Twelve [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 66.39% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Finance USA Inc | |||||
Registered office | Dover (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | 2,500,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Thirteen [Member] | Eni Petroleum Co Inc | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Insurance DAC | |||||
Registered office | Dublin (Ireland) | |||||
Country of operation | Ireland | |||||
Share capital | 500,000,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fourteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni International BV | |||||
Registered office | Amsterdam (Netherlands) | |||||
Country of operation | Netherlands | |||||
Share capital | 641,683,425 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Fifteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni International Resources Ltd | |||||
Registered office | London (United Kingdom) | |||||
Country of operation | United Kingdom | |||||
Share capital | £ | £ 50,000 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Sixteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99.99% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Next Llc | |||||
Registered office | Dover (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | $ 100 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Seventeen [Member] | Eni Petroleum Co Inc | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | ||||||
Subsidiaries | ||||||
Company name | EniProgetti Egypt Ltd | |||||
Registered office | Cairo (Egypt) | |||||
Country of operation | Egypt | |||||
Share capital | ج.م. | ج.م. 50,000 | |||||
Consolidation or valuation method | Eq. | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 1% | |||||
Corporate and financial companies | Foreign (outside Italy) | Subsidiaries Eighteen [Member] | EniProgetti SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99% | |||||
Other activities | Italy | Subsidiaries One [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Rewind SpA | |||||
Registered office | San Donato Milanese (MI) | |||||
Country of operation | Italy | |||||
Share capital | 101,950,844.46 | |||||
% Equity ratio | 100% | |||||
Consolidation or valuation method | F.C. | |||||
Other activities | Italy | Subsidiaries One [Member] | ENI SpA | ||||||
Subsidiaries | ||||||
% Ownership | 99.99% | |||||
Other activities | Italy | Subsidiaries Two [Member] | ||||||
Subsidiaries | ||||||
Company name | Industria Siciliana Acido Fosforico - ISAF - SpA (in liquidation) | |||||
Registered office | Gela (CL) | |||||
Country of operation | Italy | |||||
Share capital | 1,300,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Italy | Subsidiaries Two [Member] | Eni Rewind SpA | ||||||
Subsidiaries | ||||||
% Ownership | 52% | |||||
Other activities | Italy | Subsidiaries Two [Member] | Third parties | ||||||
Subsidiaries | ||||||
% Ownership | 48% | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Three [Member] | ||||||
Subsidiaries | ||||||
Company name | Eni Rewind International BV | |||||
Registered office | Amsterdam (Netherlands) | |||||
Country of operation | Netherlands | |||||
Share capital | € 20,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Three [Member] | Eni International BV | ||||||
Subsidiaries | ||||||
% Ownership | 100% | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Four [Member] | ||||||
Subsidiaries | ||||||
Company name | Oleodotto del Reno SA | |||||
Registered office | Coira (Switzerland) | |||||
Country of operation | Switzerland | |||||
Share capital | SFr | SFr 1,550,000 | |||||
Consolidation or valuation method | Eq. | |||||
Other activities | Foreign (outside Italy) | Subsidiaries Four [Member] | Eni Rewind SpA | ||||||
Subsidiaries | ||||||
% Ownership | 100% |
Other information about inves_9
Other information about investments - Joint arrangements and associates - Exploration & Production (Details) | 12 Months Ended | ||||||||||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 EGP (ج.م.) | Dec. 31, 2022 KWD (د.ك) | Dec. 31, 2022 XAF | Dec. 31, 2022 KZT (₸) | Dec. 31, 2022 MZN (MT) | Dec. 31, 2022 NOK (kr) | Dec. 31, 2022 TND (د.ت) | Dec. 31, 2022 AED (د.إ) | Dec. 31, 2022 VEF | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Joint arrangements and associates | |||||||||||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | |||||||||||
ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
Share capital | € | 4,005,358,876 | € 4,005,358,876 | |||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Agri-Energy Srl | ||||||||||||
Registered office | Jolanda di Savoia (FE) | ||||||||||||
Country of operation | Italy | ||||||||||||
Share capital | € | 50,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | Eni Natural Energies SpA [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Angola SpA (former Eni Angola SpA) | ||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 20,200,000 | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Two [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Mozambique Rovuma Venture SpA | ||||||||||||
Registered office | San Donato Milanese (MI) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | € | 20,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Three [Member] | ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 35.71% | ||||||||||||
Exploration & Production | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 64.29% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Agiba Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | ج.م. 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Angola JVCO Ltd | ||||||||||||
Registered office | Sunbury-On-Thames (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | $ 1,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Ashrafi Island Petroleum Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Gas Supply Services Inc | ||||||||||||
Registered office | Houston (USA) | ||||||||||||
Country of operation | USA | ||||||||||||
Share capital | $ | 1,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Azule Energy Holdings Ltd | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | United Kingdom | ||||||||||||
Share capital | $ | 1,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Barentsmorneftegaz Sàrl | ||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||
Country of operation | Russia | ||||||||||||
Share capital | $ | 20,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Eni Energy Russia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | BP Angola (Block 18) BV | ||||||||||||
Registered office | Rotterdam (Netherlands) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 2,275,625.42 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Angola JVCO Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | BP Exploration Angola (Kwanza Benguela) Ltd | ||||||||||||
Registered office | Sunbury-On-Thames (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | 1 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Angola JVCO Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | BP Exploration (Angola) Ltd | ||||||||||||
Registered office | Sunbury-On-Thames (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | 1,000,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Angola JVCO Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | BP Gas Supply (Angola) Llc | ||||||||||||
Registered office | Wilmington (USA) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | 12,800,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Azule En. Gas Sup. S. Inc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Cabo Delgado Gas Development Limitada | ||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | MT | MT 2,500,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Cardón IV SA | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | VEF 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Compañia Agua Plana SA | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | 0 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 26% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Coral FLNG SA | ||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | MT | 100,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Coral South FLNG DMCC | ||||||||||||
Registered office | Dubai (United Arab Emirates) | ||||||||||||
Country of operation | United Arab Emirates | ||||||||||||
Share capital | د.إ | د.إ 500,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | East Delta Gas Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | East Kanayis Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | East Obaiyed Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | El Temsah Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | El-Fayrouz Petroleum Co (†) (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Eni Angola Exploration BV | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Eni Angola Production BV | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | € | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Azule Energy Holdings Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 100% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Fedynskmorneftegaz Sàrl (†) | ||||||||||||
Registered office | Luxembourg (Luxembourg) | ||||||||||||
Country of operation | Russia | ||||||||||||
Share capital | $ | 20,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Eni Energy Russia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Isatay Operating Company Llp (†) | ||||||||||||
Registered office | Astana (Kazakhstan) | ||||||||||||
Country of operation | Kazakhstan | ||||||||||||
Share capital | ₸ | ₸ 400,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Eni Isatay | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Karachaganak Petroleum Operating BV | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Kazakhstan | ||||||||||||
Share capital | € | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Agip Karachaganak BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 29.25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 70.75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Khaleej Petroleum Co Wll | ||||||||||||
Registered office | Safat (Kuwait) | ||||||||||||
Country of operation | Kuwait | ||||||||||||
Share capital | د.ك | د.ك 250,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | Eni Middle E. Ltd | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 49% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 51% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Liberty National Development Co Llc | ||||||||||||
Registered office | Wilmington (USA) | ||||||||||||
Country of operation | USA | ||||||||||||
Share capital | $ | 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | Eni Oil & Gas Inc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 32.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 67.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Mediterranean Gas Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Meleiha Petroleum Company (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Mellitah Oil & Gas BV (†) | ||||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||||
Country of operation | Libya | ||||||||||||
Share capital | € | € 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Eni North Africa BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Nile Delta Oil Co Nidoco | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Norpipe Terminal Holdco Ltd | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | £ | £ 55.69 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | ENI SpA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 14.20% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 85.80% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | North Bardawil Petroleum Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 30% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 70% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | North El Burg Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Petrobel Belayim Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PetroBicentenario SA (†) | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 40% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 60% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PetroJunín SA (†) | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | 0.02 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 40% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 60% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | PetroSucre SA | ||||||||||||
Registered office | Caracas (Venezuela) | ||||||||||||
Country of operation | Venezuela | ||||||||||||
Share capital | VEF | VEF 0 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | Eni Venezuela BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 26% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 74% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Pharaonic Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Port Said Petroleum Co (†) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Qatar Liquefied Gas Company Limited (9) | ||||||||||||
Registered office | Doha (Qatar) | ||||||||||||
Country of operation | Qatar | ||||||||||||
Share capital | $ | 1,175,885,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | Eni Qatar BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Raml Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 22.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 77.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Ras Qattara Petroleum Co | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 37.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 62.50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Rovuma LNG Investment (DIFC) Ltd | ||||||||||||
Registered office | Dubai (United Arab Emirates) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | $ | 50,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Rovuma LNG SA | ||||||||||||
Registered office | Maputo (Mozambique) | ||||||||||||
Country of operation | Mozambique | ||||||||||||
Share capital | MT | MT 100,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | Eni Mozamb. LNG H. BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Shorouk Petroleum Company | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | Ieoc Production BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Forty nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Société Centrale Electrique du Congo SA | ||||||||||||
Registered office | Pointe-Noire (Republic of the Congo) | ||||||||||||
Country of operation | Republic of the Congo | ||||||||||||
Share capital | XAF | XAF 44,732,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | Eni Congo SA | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 20% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 80% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Société Italo Tunisienne d’Exploitation Pétrolière SA | ||||||||||||
Registered office | Tunis (Tunisia) | ||||||||||||
Country of operation | Tunisia | ||||||||||||
Share capital | د.ت | د.ت 5,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | Eni Tunisia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty one [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Sodeps - Société de Developpement et d’Exploitation du Permis du Sud SA (†) | ||||||||||||
Registered office | Tunis (Tunisia) | ||||||||||||
Country of operation | Tunisia | ||||||||||||
Share capital | د.ت | د.ت 100,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | Eni Tunisia BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty two [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Solenova Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Angola | ||||||||||||
Share capital | $ | 1,580,000 | ||||||||||||
Consolidation or valuation method | Co. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | Eni E&Holding BV [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty three [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Four [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Thekah Petroleum Co (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Four [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 25% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Four [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 75% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Five [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | United Gas Derivatives Co | ||||||||||||
Registered office | New Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | $ | 153,000,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Five [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 33.33% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Five [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 66.67% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Six [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Vår Energi ASA (#) | ||||||||||||
Registered office | Sandnes (Norway) | ||||||||||||
Country of operation | Norway | ||||||||||||
Share capital | kr | kr 399,425,000 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Six [Member] | Eni International BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 63.08% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Six [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 36.92% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Seven [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | VIC CBM Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Indonesia | ||||||||||||
Share capital | $ | 52,315,912 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Seven [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Seven [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Eight [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | Virginia Indonesia Co CBM Ltd (†) | ||||||||||||
Registered office | London (United Kingdom) | ||||||||||||
Country of operation | Indonesia | ||||||||||||
Share capital | $ | $ 25,631,640 | ||||||||||||
Consolidation or valuation method | Eq. | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Eight [Member] | Eni Lasmo Plc | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Eight [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Nine [Member] | |||||||||||||
Joint arrangements and associates | |||||||||||||
Company name | West Ashrafi Petroleum Co (†) (in liquidation) | ||||||||||||
Registered office | Cairo (Egypt) | ||||||||||||
Country of operation | Egypt | ||||||||||||
Share capital | ج.م. 20,000 | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Nine [Member] | Ieoc Exploration BV | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% | ||||||||||||
Exploration & Production | Foreign (outside Italy) | Joint Arrangement Or Associate Fifty Nine [Member] | Third parties | |||||||||||||
Joint arrangements and associates | |||||||||||||
% Ownership | 50% |
Other information about inve_10
Other information about investments - Joint arrangements and associates - Global Gas & LNG Portfolio (Details) | 12 Months Ended | ||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 TND (د.ت) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Joint arrangements and associates | |||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||
ENI SpA | |||||
Joint arrangements and associates | |||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | |||||
Joint arrangements and associates | |||||
Company name | Mariconsult SpA (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 120,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | Eni Corridor Srl | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate Two [Member] | |||||
Joint arrangements and associates | |||||
Company name | Transmed SpA (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 240,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate Two [Member] | Eni Corridor Srl | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Blue Stream Pipeline Co BV (†) | ||||
Registered office | Amsterdam (Netherlands) | ||||
Country of operation | Russia | ||||
Share capital | $ | $ 22,000 | ||||
% Equity ratio | 74.62% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Eni International BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | |||||
Joint arrangements and associates | |||||
Company name | Damietta LNG (DLNG) SAE (†) | ||||
Registered office | Damietta (Egypt) | ||||
Country of operation | Egypt | ||||
Share capital | $ | 375,000,000 | ||||
% Equity ratio | 50% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Eni Gas Liquefaction BV [member] | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | |||||
Joint arrangements and associates | |||||
Company name | DLNG Service SAE (†) (former SEGAS Services SAE) | ||||
Registered office | Damietta (Egypt) | ||||
Country of operation | Egypt | ||||
Share capital | $ | 1,000,000 | ||||
% Equity ratio | 50% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Eni Gas Liquefaction BV [member] | |||||
Joint arrangements and associates | |||||
% Ownership | 1% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Damietta LNG (DLNG) SAE | |||||
Joint arrangements and associates | |||||
% Ownership | 98% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 1% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | |||||
Joint arrangements and associates | |||||
Company name | GreenStream BV (†) | ||||
Registered office | Amsterdam (Netherlands) | ||||
Country of operation | Libya | ||||
Share capital | € 200,000,000 | ||||
% Equity ratio | 50% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Eni North Africa BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Premium Multiservices SA | ||||
Registered office | Tunis (Tunisia) | ||||
Country of operation | Tunisia | ||||
Share capital | د.ت | د.ت 200,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Sergaz SA | |||||
Joint arrangements and associates | |||||
% Ownership | 49.99% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50.01% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | SAMCO Sagl | ||||
Registered office | Lugano (Switzerland) | ||||
Country of operation | Switzerland | ||||
Share capital | SFr | SFr 20,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Transmed Pip Co Ltd | |||||
Joint arrangements and associates | |||||
% Ownership | 90% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Eni Corridor Srl | |||||
Joint arrangements and associates | |||||
% Ownership | 5% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 5% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | Société Energies Renouvelables Eni-ETAP SA (†) | ||||
Registered office | Tunis (Tunisia) | ||||
Country of operation | Tunisia | ||||
Share capital | د.ت | د.ت 1,000,000 | ||||
Consolidation or valuation method | Eq. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Eni International BV | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||
Joint arrangements and associates | |||||
Company name | Transmediterranean Pipeline Co Ltd (†) | ||||
Registered office | St. Helier(Jersey) | ||||
Country of operation | Jersey | ||||
Share capital | $ | $ 10,310,000 | ||||
% Equity ratio | 50% | ||||
Consolidation or valuation method | J.O. | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Eni Corridor Srl | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Global Gas & LNG Portfolio | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% |
Other information about inve_11
Other information about investments - Joint arrangements and associates - Refining Marketing and Chemical (Details) | 12 Months Ended | ||||||||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 EGP (ج.م.) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 SGD ($) | Dec. 31, 2022 KZT (₸) | Dec. 31, 2022 TND (د.ت) | Dec. 31, 2022 AED (د.إ) | Dec. 31, 2022 VEF | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Joint arrangements and associates | |||||||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||||||||
ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate One [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Arezzo Gas SpA (†) | ||||||||||
Registered office | Arezzo | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 394,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate One [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Two [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | CePIM Centro Padano Interscambio Merci SpA | ||||||||||
Registered office | Fontevivo (PR) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 6,642,928.32 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Two [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 44.78% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 55.22% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Consorzio Operatori GPL di Napoli | ||||||||||
Registered office | Napoli | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 102,000 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Three [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Costiero Gas Livorno SpA (†) | ||||||||||
Registered office | Livorno | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 26,000,000 | ||||||||||
% Equity ratio | 65% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Four [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Disma SpA | ||||||||||
Registered office | Segrate (MI) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 2,600,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Five [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Six [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Porto Petroli di Genova SpA | ||||||||||
Registered office | Genova | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 2,068,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Six [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 40.50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 59.50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Seven [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Raffineria di Milazzo ScpA (†) | ||||||||||
Registered office | Milazzo (ME) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 171,143,000 | ||||||||||
% Equity ratio | 50% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Seven [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eight [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Seram SpA | ||||||||||
Registered office | Fiumicino (RM) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 852,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eight [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Nine [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Sigea Sistema Integrato Genova Arquata SpA | ||||||||||
Registered office | Genova | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 3,326,900 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Nine [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Ten [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Società Oleodotti Meridionali - SOM SpA (†) | ||||||||||
Registered office | Rome | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 3,085,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Ten [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 70% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eleven [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | South Italy Green Hydrogen Srl (†) | ||||||||||
Registered office | Rome | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 10,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eleven [Member] | ENI SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Italy | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Abu Dhabi Oil Refining Company (TAKREER) | ||||||||||
Registered office | Abu Dhabi (United Arab Emirates) | ||||||||||
Country of operation | United Arab Emirates | ||||||||||
Share capital | د.إ | د.إ 500,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Eni Abu Dhabi R&T | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | ADNOC Global Trading Ltd | ||||||||||
Registered office | Abu Dhabi (United Arab Emirates) | ||||||||||
Country of operation | United Arab Emirates | ||||||||||
Share capital | $ | $ 100,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Eni Abu Dhabi R&T | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | AET - Raffineriebeteiligungsgesellschaft mbH (†) | ||||||||||
Registered office | Schwedt (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 27,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 33.33% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 66.67% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Bayernoil Raffineriegesellschaft mbH (†) | ||||||||||
Registered office | Vohburg (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 10,226,000 | ||||||||||
% Equity ratio | 20% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | City Carburoil SA (†) | ||||||||||
Registered office | Monteceneri (Switzerland) | ||||||||||
Country of operation | Switzerland | ||||||||||
Share capital | SFr | SFr 6,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Eni Suisse SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49.91% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50.09% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Egyptian International Gas Technology Co | ||||||||||
Registered office | New Cairo (Egypt) | ||||||||||
Country of operation | Egypt | ||||||||||
Share capital | ج.م. | ج.م. 100,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 40% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Seven teen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 60% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | ENEOS Italsing Pte Ltd | ||||||||||
Registered office | Singapore (Singapore) | ||||||||||
Country of operation | Singapore | ||||||||||
Share capital | $ | $ 12,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 22.50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Eight teen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 77.50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Fuelling Aviation Services GIE | ||||||||||
Registered office | Tremblay-en-France (France) | ||||||||||
Country of operation | France | ||||||||||
Share capital | € 0 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Eni France Sarl | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Nine teen [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 75% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Mediterranée Bitumes SA | ||||||||||
Registered office | Tunis (Tunisia) | ||||||||||
Country of operation | Tunisia | ||||||||||
Share capital | د.ت | د.ت 1,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Eni International BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 34% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 66% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Routex BV | ||||||||||
Registered office | Amsterdam (Netherlands) | ||||||||||
Country of operation | Netherlands | ||||||||||
Share capital | € 67,500 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Eni Sust. Mobility SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Routex BV | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty one [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 60% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Saraco SA | ||||||||||
Registered office | Meyrin (Switzerland) | ||||||||||
Country of operation | Switzerland | ||||||||||
Share capital | SFr | SFr 420,000 | ||||||||||
Consolidation or valuation method | Co. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Eni Suisse SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Supermetanol CA (†) | ||||||||||
Registered office | Jose Puerto La Cruz (Venezuela) | ||||||||||
Country of operation | Venezuela | ||||||||||
Share capital | VEF | VEF 0 | ||||||||||
% Equity ratio | 50% | ||||||||||
Consolidation or valuation method | J.O. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 34.51% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Supermetanol CA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.07% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35.42% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | TBG Tanklager Betriebsgesellschaft GmbH (†) | ||||||||||
Registered office | Salzburg (Austria) | ||||||||||
Country of operation | Austria | ||||||||||
Share capital | € 43,603.7 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Eni Marketing A. GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Weat Electronic Datenservice GmbH | ||||||||||
Registered office | Düsseldorf (Germany) | ||||||||||
Country of operation | Germany | ||||||||||
Share capital | € 409,034 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Eni Deutsch GmbH | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20% | ||||||||||
Refining & Marketing | Foreign (outside Italy) | Joint Arrangement Or Associate Twenty five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 80% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty six [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Brindisi Servizi Generali Scarl | ||||||||||
Registered office | Brindisi | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 1,549,060 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty six [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty six [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 20.20% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty six [Member] | EniPower SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 8.90% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty six [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 21.90% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | IFM Ferrara ScpA | ||||||||||
Registered office | Ferrara | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 5,304,464 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | S.E.F. Srl | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 10.63% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 19.61% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 11.51% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty seven [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 58.25% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Matrìca SpA (†) | ||||||||||
Registered office | Porto Torres (SS) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 37,500,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty eight [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty nine [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Novamont SpA | ||||||||||
Registered office | Novara | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 20,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty nine [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 35% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Twenty nine [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Priolo Servizi ScpA | ||||||||||
Registered office | Melilli (SR) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 28,100,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 37.22% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 5.65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 57.13% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Ravenna Servizi Industriali ScpA | ||||||||||
Registered office | Ravenna | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 5,597,400 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | Ecofuel SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 1.85% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 42.13% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | EniPower SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 30.37% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty one [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 25.65% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Servizi Porto Marghera Scarl | ||||||||||
Registered office | Venezia Marghera (VE) | ||||||||||
Country of operation | Italy | ||||||||||
Share capital | € 8,695,718 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 48.44% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [Member] | Eni Rewind SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 38.39% | ||||||||||
Chemicals | Italy | Joint Arrangement Or Associate Thirty two [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 13.17% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Lotte Versalis Elastomers Co Ltd (†) | ||||||||||
Registered office | Yeosu (South Korea) | ||||||||||
Country of operation | South Korea | ||||||||||
Share capital | ₩ | ₩ 551,800,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Versalis SpA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty three [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 50% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | Versalis Chem-invest Llp (†) | ||||||||||
Registered office | Uralsk City (Kazakhstan) | ||||||||||
Country of operation | Kazakhstan | ||||||||||
Share capital | ₸ | ₸ 64,194,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Versalis International SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty four [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 51% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | |||||||||||
Joint arrangements and associates | |||||||||||
Company name | VPM Oilfield Specialty Chemicals Llc (†) | ||||||||||
Registered office | Abu Dhabi(United Arab Emirates) | ||||||||||
Country of operation | United Arab Emirates | ||||||||||
Share capital | د.إ | د.إ 1,000,000 | ||||||||||
Consolidation or valuation method | Eq. | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Versalis International SA | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 49% | ||||||||||
Chemicals | Foreign (outside Italy) | Joint Arrangement Or Associate Thirty five [Member] | Third parties | |||||||||||
Joint arrangements and associates | |||||||||||
% Ownership | 51% |
Other information about inve_12
Other information about investments - Joint arrangements and associates - Plenitude & Power (Details) | 12 Months Ended | ||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 NOK (kr) | Dec. 31, 2022 PLN (zł) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Joint arrangements and associates | |||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | |||
ENI SpA | |||||
Joint arrangements and associates | |||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | |||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | |||||
Joint arrangements and associates | |||||
Company name | Bettercity SpA | ||||
Registered office | Bergamo | ||||
Country of operation | Italy | ||||
Share capital | € 50,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | |||||
Joint arrangements and associates | |||||
Company name | E-Prosume Srl (†) (in liquidation) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 100,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Evogy Srl Società Benefit | ||||
Registered office | Seriate (BG) | ||||
Country of operation | Italy | ||||
Share capital | € 11,785.71 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 45.45% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Three [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 54.55% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | |||||
Joint arrangements and associates | |||||
Company name | GreenIT SpA (†) | ||||
Registered office | San Donato Milanese (MI) | ||||
Country of operation | Italy | ||||
Share capital | € 50,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Four [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | |||||
Joint arrangements and associates | |||||
Company name | Hergo Renewables SpA (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 50,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 65% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Five [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 35% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Six [Member] | |||||
Joint arrangements and associates | |||||
Company name | Renewable Dispatching Srl | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € 200,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Six [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 40% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Six [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 60% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Siel Agrisolare Srl (†) | ||||
Registered office | Cesena (FC) | ||||
Country of operation | Italy | ||||
Share capital | € 10,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Seven [Member] | SEF Srl [Member] | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Seven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | Tate Srl | ||||
Registered office | Bologna | ||||
Country of operation | Italy | ||||
Share capital | € 408,509.29 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Italy | Joint Arrangement Or Associate Eight [Member] | Evolvere Venture Spa | |||||
Joint arrangements and associates | |||||
% Ownership | 36% | ||||
Plenitude | Italy | Joint Arrangement Or Associate Eight [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 64% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | Bluebell Solar Class A Holdings II Llc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 82,351,634 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 99% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 1% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||
Joint arrangements and associates | |||||
Company name | Clarensac Solar SAS | ||||
Registered office | Meyreuil (France) | ||||
Country of operation | France | ||||
Share capital | € 25,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Eni Plen. Op. Fr. SAS | |||||
Joint arrangements and associates | |||||
% Ownership | 40% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 60% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Enera Conseil SAS (†) | ||||
Registered office | Clichy (France) | ||||
Country of operation | France | ||||
Share capital | € 9,690 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Eni G and P France Sa | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | |||||
Joint arrangements and associates | |||||
Company name | EnerOcean SL (†) | ||||
Registered office | Malaga (Spain) | ||||
Country of operation | Spain | ||||
Share capital | € 409,784 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Eni Plenitude Spa SB | |||||
Joint arrangements and associates | |||||
% Ownership | 25% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 75% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Novis Renewables Holdings Llc | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | 100 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Novis Renewables Llc (†) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ | $ 100 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Eni New Energy US Inc | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fourteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | POW - Polish Offshore Wind-Co Sp zoo (†) | ||||
Registered office | Warsaw (Poland) | ||||
Country of operation | Poland | ||||
Share capital | zł | zł 5,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Eni En. Solutions BV | |||||
Joint arrangements and associates | |||||
% Ownership | 95% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Fifteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 5% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Vårgrønn AS (†) | ||||
Registered office | Stavanger (Norway) | ||||
Country of operation | Norway | ||||
Share capital | kr | kr 400,000 | ||||
Consolidation or valuation method | Eq. | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Eni En. Solutions BV | |||||
Joint arrangements and associates | |||||
% Ownership | 65% | ||||
Plenitude | Foreign (outside Italy) | Joint Arrangement Or Associate Sixteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 35% | ||||
Power | Italy | Joint Arrangement Or Associate Seven teen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Società EniPower Ferrara Srl (†) | ||||
Registered office | San Donato Milanese (MI) | ||||
Country of operation | Italy | ||||
Share capital | € 140,000,000 | ||||
% Equity ratio | 26.01% | ||||
Consolidation or valuation method | J.O. | ||||
Power | Italy | Joint Arrangement Or Associate Seven teen [Member] | EniPower SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Power | Italy | Joint Arrangement Or Associate Seven teen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 49% |
Other information about inve_13
Other information about investments - Joint arrangements and associates - Corporate and other activities (Details) | 12 Months Ended | ||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 KZT (₸) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Joint arrangements and associates | |||||
Share capital | € | € 4,005,000,000 | € 4,005,000,000 | |||
ENI SpA | |||||
Joint arrangements and associates | |||||
Share capital | € | 4,005,358,876 | € 4,005,358,876 | |||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | |||||
Joint arrangements and associates | |||||
Company name | Consorzio per l'attuazione del Progetto Divertor Tokamak Test DTT Scarl (†) | ||||
Registered office | Frascati (RM) | ||||
Country of operation | Italy | ||||
Share capital | € | 1,000,000 | ||||
Consolidation or valuation method | Co. | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 25% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate One [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 75% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | |||||
Joint arrangements and associates | |||||
Company name | Saipem SpA (#) (†) | ||||
Registered office | Milan | ||||
Country of operation | Italy | ||||
Share capital | € | 501,669,790.83 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | ENI SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 31.19% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | Saipem SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 0.02% | ||||
Corporate and financial companies | Italy | Joint Arrangement Or Associate Two [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 68.79% | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Three [Member] | |||||
Joint arrangements and associates | |||||
Company name | Avanti Battery Company (b) | ||||
Registered office | Natick (USA) | ||||
Country of operation | USA | ||||
Share capital | $ 683 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Four [Member] | |||||
Joint arrangements and associates | |||||
Company name | Commonwealth Fusion Systems Llc (b) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | 890 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Five [Member] | |||||
Joint arrangements and associates | |||||
Company name | Cool Planet Technologies Ltd (b) | ||||
Registered office | London (United Kingdom) | ||||
Country of operation | United Kingdom | ||||
Share capital | £ | £ 1,000 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Six [Member] | |||||
Joint arrangements and associates | |||||
Company name | CZero Inc (b) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | 334 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Seven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Form Energy Inc (b) | ||||
Registered office | Somerville (USA) | ||||
Country of operation | USA | ||||
Share capital | 1,129 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Eight [Member] | |||||
Joint arrangements and associates | |||||
Company name | M2X Energy Inc(b) (former Obantarla Corp.) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | 99 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Nine [Member] | |||||
Joint arrangements and associates | |||||
Company name | sHYp BV PBC (b) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | 86 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | |||||
Joint arrangements and associates | |||||
Company name | Tecninco Engineering Contractors Llp (†) | ||||
Registered office | Aksai (Kazakhstan) | ||||
Country of operation | Kazakhstan | ||||
Share capital | ₸ | ₸ 29,478,455 | ||||
Consolidation or valuation method | Eq. | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | EniProgetti SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 49% | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Ten [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51% | ||||
Corporate and financial companies | Foreign (outside Italy) | Joint Arrangement Or Associate Eleven [Member] | |||||
Joint arrangements and associates | |||||
Company name | Thiozen Inc (b) | ||||
Registered office | Wilmington (USA) | ||||
Country of operation | USA | ||||
Share capital | $ 351 | ||||
Consolidation or valuation method | Eq. | ||||
Other activities | Italy | Joint Arrangement Or Associate Twelve [Member] | |||||
Joint arrangements and associates | |||||
Company name | HEA SpA (†) | ||||
Registered office | Bologna | ||||
Country of operation | Italy | ||||
Share capital | € | 50,000 | ||||
Consolidation or valuation method | Co. | ||||
Other activities | Italy | Joint Arrangement Or Associate Twelve [Member] | Eni Rewind SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Other activities | Italy | Joint Arrangement Or Associate Twelve [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 50% | ||||
Other activities | Italy | Joint Arrangement Or Associate Thirteen [Member] | |||||
Joint arrangements and associates | |||||
Company name | Progetto Nuraghe Scarl | ||||
Registered office | Porto Torres (SS) | ||||
Country of operation | Italy | ||||
Share capital | € | € 10,000 | ||||
Consolidation or valuation method | Eq. | ||||
Other activities | Italy | Joint Arrangement Or Associate Thirteen [Member] | Eni Rewind SpA | |||||
Joint arrangements and associates | |||||
% Ownership | 48.55% | ||||
Other activities | Italy | Joint Arrangement Or Associate Thirteen [Member] | Third parties | |||||
Joint arrangements and associates | |||||
% Ownership | 51.45% |
Other information about inve_14
Other information about investments - Other significant investments - Exploration & Production (Details) | 12 Months Ended | |||||
Dec. 31, 2022 EUR (€) | Dec. 31, 2022 AUD ($) | Dec. 31, 2022 EGP (ج.م.) | Dec. 31, 2022 VEF | Dec. 31, 2022 USD ($) | Dec. 31, 2021 EUR (€) | |
Other significant investments | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
ENI SpA | ||||||
Other significant investments | ||||||
Share capital | € 4,005,358,876 | € 4,005,358,876 | ||||
Exploration & Production | Italy | Other significant investments One [member] | ||||||
Other significant investments | ||||||
Company name | BF SpA (#) | |||||
Registered office | Jolanda di Savoia (FE) | |||||
Country of operation | Italy | |||||
Share capital | € 187,059,565 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Italy | Other significant investments One [member] | Eni Natural Energies SpA [Member] | ||||||
Other significant investments | ||||||
% Ownership | 3.32% | |||||
Exploration & Production | Italy | Other significant investments One [member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 96.68% | |||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | ||||||
Other significant investments | ||||||
Company name | Consorzio Universitario in Ingegneria per la Qualità e l’Innovazione | |||||
Registered office | Pisa | |||||
Country of operation | Italy | |||||
Share capital | € 138,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | ENI SpA | ||||||
Other significant investments | ||||||
% Ownership | 16.67% | |||||
Exploration & Production | Italy | Other Significant Investments Two [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 83.33% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Three [Member] | ||||||
Other significant investments | ||||||
Company name | Administradora del Golfo de Paria Este SA | |||||
Registered office | Caracas (Venezuela) | |||||
Country of operation | Venezuela | |||||
Share capital | VEF | VEF 0 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Three [Member] | Eni Venezuela BV | ||||||
Other significant investments | ||||||
% Ownership | 19.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Three [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 80.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Four [Member] | ||||||
Other significant investments | ||||||
Company name | Brass LNG Ltd | |||||
Registered office | Lagos (Nigeria) | |||||
Country of operation | Nigeria | |||||
Share capital | $ | $ 1,000,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Four [Member] | Eni Int. NA NV Sarl | ||||||
Other significant investments | ||||||
% Ownership | 20.48% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Four [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 79.52% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Five [Member] | ||||||
Other significant investments | ||||||
Company name | Darwin LNG Pty Ltd | |||||
Registered office | West Perth (Australia) | |||||
Country of operation | Australia | |||||
Share capital | $ | $ 187,569,921.42 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Five [Member] | Eni G&P LNG Aus. BV | ||||||
Other significant investments | ||||||
% Ownership | 10.99% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Five [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 89.01% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Six [Member] | ||||||
Other significant investments | ||||||
Company name | New Liberty Residential Co Llc | |||||
Registered office | West Trenton (USA) | |||||
Country of operation | USA | |||||
Share capital | $ | 0 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Six [Member] | Eni Oil & Gas Inc | ||||||
Other significant investments | ||||||
% Ownership | 17.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Six [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 82.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Seven [Member] | ||||||
Other significant investments | ||||||
Company name | Nigeria LNG Ltd | |||||
Registered office | Port Harcourt (Nigeria) | |||||
Country of operation | Nigeria | |||||
Share capital | $ | $ 1,138,207,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Eni Int. NA NV Sarl | ||||||
Other significant investments | ||||||
% Ownership | 10.40% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 89.60% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eight [Member] | ||||||
Other significant investments | ||||||
Company name | North Caspian Operating Co NV | |||||
Registered office | The Hauge (Netherlands) | |||||
Country of operation | Kazakhstan | |||||
Share capital | € 128,520 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Agip Caspian Sea BV | ||||||
Other significant investments | ||||||
% Ownership | 16.81% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 83.19% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | ||||||
Other significant investments | ||||||
Company name | Petrolera Güiria SA | |||||
Registered office | Caracas (Venezuela) | |||||
Country of operation | Venezuela | |||||
Share capital | VEF | VEF 0 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Eni Venezuela BV | ||||||
Other significant investments | ||||||
% Ownership | 19.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 80.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | ||||||
Other significant investments | ||||||
Company name | Torsina Oil Co | |||||
Registered office | Cairo (Egypt) | |||||
Country of operation | Egypt | |||||
Share capital | ج.م. | ج.م. 20,000 | |||||
Consolidation or valuation method | F.V. | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Ieoc Production BV | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Exploration & Production | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% |
Other information about inve_15
Other information about investments - Other significant investments - Global Gas & LNG Portfolio (Details) - EUR (€) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Other significant investments | ||
Share capital | € 4,005,000,000 | € 4,005,000,000 |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Other significant investments One [member] | ||
Other significant investments | ||
Company name | Norsea Gas GmbH | |
Registered office | Friedeburg - Etzel (Germany) | |
Country of operation | Germany | |
Share capital | € 1,533,875.64 | |
Consolidation or valuation method | F.V. | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Other significant investments One [member] | Eni International BV | ||
Other significant investments | ||
% Ownership | 13.04% | |
Global Gas & LNG Portfolio | Foreign (outside Italy) | Other significant investments One [member] | Third parties | ||
Other significant investments | ||
% Ownership | 86.96% |
Other information about inve_16
Other information about investments - Other significant investments - Refining & Marketing and Chemical & Corporate and other activities (Details) | 12 Months Ended | |||||
Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 CHF (SFr) | Dec. 31, 2022 GHS (GH₵) | Dec. 31, 2022 SAR (ر.س) | Dec. 31, 2021 EUR (€) | |
Other significant investments | ||||||
Share capital | € 4,005,000,000 | € 4,005,000,000 | ||||
ENI SpA | ||||||
Other significant investments | ||||||
Share capital | 4,005,358,876 | € 4,005,358,876 | ||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Two [Member] | ||||||
Other significant investments | ||||||
Company name | BFS Berlin Fuelling Services GbR | |||||
Registered office | Berlin (Germany) | |||||
Country of operation | Germany | |||||
Share capital | 89,199 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Two [Member] | Eni Deutsch.GmbH | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Two [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Three [Member] | ||||||
Other significant investments | ||||||
Company name | Compania de Economia Mixta "Austrogas" | |||||
Registered office | Cuenca (Ecuador) | |||||
Country of operation | Ecuador | |||||
Share capital | 6,863,493 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Three [Member] | Eni Ecuador SA | ||||||
Other significant investments | ||||||
% Ownership | 13.38% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Three [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 86.62% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Four [Member] | ||||||
Other significant investments | ||||||
Company name | Dépôt Pétrolier de la Côte d’Azur SAS | |||||
Registered office | Nanterre (France) | |||||
Country of operation | France | |||||
Share capital | 207,500 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Four [Member] | Eni France Sarl | ||||||
Other significant investments | ||||||
% Ownership | 18% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Four [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 82% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Five [Member] | ||||||
Other significant investments | ||||||
Company name | Dépôts Pétroliers de Fos SA | |||||
Registered office | Fos-Sur-Mer (France) | |||||
Country of operation | France | |||||
Share capital | 3,954,196.4 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Five [Member] | Eni France Sarl | ||||||
Other significant investments | ||||||
% Ownership | 16.81% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Five [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 83.19% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Six [Member] | ||||||
Other significant investments | ||||||
Company name | Joint Inspection Group Ltd | |||||
Registered office | Cambourne (United Kingdom) | |||||
Country of operation | United Kingdom | |||||
Share capital | £ | £ 0 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Six [Member] | ENI SpA | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Six [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Seven [Member] | ||||||
Other significant investments | ||||||
Company name | Saudi European Petrochemical Co "IBN ZAHR" | |||||
Registered office | Al Jubail (Saudi Arabia) | |||||
Country of operation | Saudi Arabia | |||||
Share capital | ر.س | ر.س 1,200,000,000 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Ecofuel SpA | ||||||
Other significant investments | ||||||
% Ownership | 10% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Seven [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 90% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eight [Member] | ||||||
Other significant investments | ||||||
Company name | S.I.P.G. Société Immobilière Pétrolière de Gestion Snc | |||||
Registered office | Tremblay-en- France (France) | |||||
Country of operation | France | |||||
Share capital | 40,000 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Eni France Sarl | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eight [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Nine [Member] | ||||||
Other significant investments | ||||||
Company name | Sistema Integrado de Gestion de Aceites Usados | |||||
Registered office | Madrid (Spain) | |||||
Country of operation | Spain | |||||
Share capital | 175,713 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Eni Iberia SLU | ||||||
Other significant investments | ||||||
% Ownership | 15.45% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Nine [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 84.55% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Ten [Member] | ||||||
Other significant investments | ||||||
Company name | Tanklager Gesellschaft Tegel (TGT) GbR | |||||
Registered office | Hamburg (Germany) | |||||
Country of operation | Germany | |||||
Share capital | 4,953 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Eni Deutsch.GmbH | ||||||
Other significant investments | ||||||
% Ownership | 12.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Ten [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 87.50% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | ||||||
Other significant investments | ||||||
Company name | TAR - Tankanlage Ruemlang AG | |||||
Registered office | Ruemlang (Switzerland) | |||||
Country of operation | Switzerland | |||||
Share capital | SFr | SFr 3,259,500 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Eni Suisse SA | ||||||
Other significant investments | ||||||
% Ownership | 16.27% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Eleven [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 83.73% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | ||||||
Other significant investments | ||||||
Company name | Tema Lube Oil Co Ltd | |||||
Registered office | Accra (Ghana) | |||||
Country of operation | Ghana | |||||
Share capital | GH₵ | GH₵ 258,309 | |||||
Consolidation or valuation method | F.V. | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | Eni International BV | ||||||
Other significant investments | ||||||
% Ownership | 12% | |||||
Refining & Marketing | Foreign (outside Italy) | Other Significant Investments Twelve [Member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 88% | |||||
Corporate and financial companies | Foreign (outside Italy) | Other significant investments One [member] | ||||||
Other significant investments | ||||||
Company name | New Energy One Acquisition Corporation Plc (#) | |||||
Registered office | London (United Kingdom) | |||||
Country of operation | United Kingdom | |||||
Share capital | £ | £ 71,875 | |||||
Consolidation or valuation method | F.V. | |||||
Corporate and financial companies | Foreign (outside Italy) | Other significant investments One [member] | Eni International BV | ||||||
Other significant investments | ||||||
% Ownership | 3.92% | |||||
Corporate and financial companies | Foreign (outside Italy) | Other significant investments One [member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 96.08% | |||||
Other activities | Italy | Other significant investments One [member] | ||||||
Other significant investments | ||||||
Company name | Ottana Sviluppo ScpA (in bankruptcy) | |||||
Registered office | Nuoro | |||||
Country of operation | Italy | |||||
Share capital | € 516,000 | |||||
Consolidation or valuation method | F.V. | |||||
Other activities | Italy | Other significant investments One [member] | Eni Rewind SpA | ||||||
Other significant investments | ||||||
% Ownership | 30% | |||||
Other activities | Italy | Other significant investments One [member] | Third parties | ||||||
Other significant investments | ||||||
% Ownership | 70% |
Other information about inve_17
Other information about investments - Non controlling interest (Details) - EUR (€) € in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about investments | |||
Non-current assets | € 90,269 | € 79,888 | |
Non-current liabilities | 48,075 | 49,970 | |
Profit (loss) | 13,961 | 5,840 | € (8,628) |
Total other comprehensive income (loss) | 15,718 | 7,891 | (11,408) |
Net cash provided by operating activities | 17,460 | 12,861 | 4,822 |
Net cash used in investing activities | (7,018) | (12,022) | (4,587) |
Net cash used in financing activities | (8,542) | (2,039) | 3,253 |
Net increase (decrease) in cash and cash equivalents | 1,916 | (1,148) | 3,419 |
Profit attributable to non-controlling interest | € 74 | € 19 | € 7 |
EniPower Group | |||
Disclosure of detailed information about investments | |||
Non controlling interest (%) (as a percent) | 49% | ||
Current assets | € 547 | ||
Non-current assets | 812 | ||
Current liabilities | 587 | ||
Non-current liabilities | 34 | ||
Revenues | 1,636 | ||
Profit (loss) | 171 | ||
Total other comprehensive income (loss) | 171 | ||
Net cash provided by operating activities | 228 | ||
Net cash used in investing activities | (52) | ||
Net cash used in financing activities | (11) | ||
Net increase (decrease) in cash and cash equivalents | (192) | ||
Profit attributable to non-controlling interest | 54 | ||
Dividends paid to minority interest | € 59 |
Other information about inve_18
Other information about investments - Principal joint ventures, joint operations and associates (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
ADNOC Global Trading Ltd | ||
Disclosure of detailed information about investments | ||
Company name | ADNOC Global Trading Ltd | |
Registered office | Abu Dhabi (United Arab Emirates) | |
Country of operation | United Arab Emirates | |
Business segment | Refining & Marketing | |
% ownership interest | 20% | |
Eni's % of the investment | 20% | |
Abu Dhabi Oil Refining Co (Takreer) | ||
Disclosure of detailed information about investments | ||
Company name | Abu Dhabi Oil Refining Company (Takreer) | |
Registered office | Abu Dhabi (United Arab Emirates) | |
Country of operation | United Arab Emirates | |
Business segment | Refining & Marketing | |
% ownership interest | 20% | |
Eni's % of the investment | 20% | 20% |
Angola LNG Ltd | ||
Disclosure of detailed information about investments | ||
Eni's % of the investment | 13.60% | |
Coral FLNG SA | ||
Disclosure of detailed information about investments | ||
Company name | Coral FLNG SA | |
Registered office | Maputo (Mozambique) | |
Country of operation | Mozambique | |
Business segment | Exploration & Production | |
% ownership interest | 25% | |
Eni's % of the investment | 25% | 25% |
Novamont SpA | ||
Disclosure of detailed information about investments | ||
Company name | Novamont SpA | |
Registered office | Novara (Italy) | |
Country of operation | Italy | |
Business segment | Chemical | |
% ownership interest | 35% | |
Eni's % of the investment | 35% | |
Qatar Liquefied Gas Company Limited (9) | ||
Disclosure of detailed information about investments | ||
Company name | Qatar Liquefied Gas Company Limited (9) | |
Registered office | Doha (Qatar) | |
Country of operation | Qatar | |
Business segment | Exploration & Production | |
% ownership interest | 25% | |
Eni's % of the investment | 25% | |
Var Energi ASA | ||
Disclosure of detailed information about investments | ||
Company name | Vår Energi ASA | |
Registered office | Sandnes (Norway) | |
Country of operation | Norway | |
Business segment | Exploration & Production | |
% ownership interest | 63.08% | |
Eni's % of the investment | 63.08% | |
Damietta LNG (DLNG) SAE | ||
Disclosure of detailed information about investments | ||
Company name | Damietta LNG (DLNG) SAE | |
Registered office | Damietta (Egypt) | |
Country of operation | Egypt | |
Business segment | Global Gas & LNG Portfolio | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
GreenStream BV | ||
Disclosure of detailed information about investments | ||
Company name | GreenStream BV | |
Registered office | Amsterdam (Netherlands) | |
Country of operation | Libya | |
Business segment | Global Gas & LNG Portfolio | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
Raffineria di Milazzo ScpA | ||
Disclosure of detailed information about investments | ||
Company name | Raffineria di Milazzo ScpA | |
Registered office | Milazzo (ME) (Italy) | |
Country of operation | Italy | |
Business segment | Refining & Marketing | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
Azule Energy Holdings Ltd | ||
Disclosure of detailed information about investments | ||
Company name | Azule Energy Holdings Ltd | |
Registered office | London (United Kingdom) | |
Country of operation | United Kingdom | |
Business segment | Exploration & Production | |
% ownership interest | 50% | |
Eni's % of the investment | 50% | |
Cardon IV SA | ||
Disclosure of detailed information about investments | ||
Company name | Cardón IV SA | |
Registered office | Caracas (Venezuela) | |
Country of operation | Venezuela | |
Business segment | Exploration & Production | |
% ownership interest | 50% | 50% |
Eni's % of the investment | 50% | 50% |
Mozambique Rovuma Venture SpA | ||
Disclosure of detailed information about investments | ||
Company name | Mozambique Rovuma Venture SpA | |
Registered office | San Donato Milanese (MI) (Italy) | |
Country of operation | Mozambique | |
Business segment | Exploration & Production | |
% ownership interest | 35.71% | |
Eni's % of the investment | 35.71% | |
Saipem SpA | ||
Disclosure of detailed information about investments | ||
Company name | Saipem SpA | |
Registered office | Milan (Italy) | |
Country of operation | Italy | |
Business segment | Corporate and financial companies | |
% ownership interest | 31.19% | |
Eni's % of the investment | 31.20% | 31.20% |
Vårgrønn AS | ||
Disclosure of detailed information about investments | ||
Company name | Vårgrønn AS | |
Registered office | Stavanger (Norway) | |
Country of operation | Norway | |
Business segment | Plenitude | |
% ownership interest | 65% | |
Eni's % of the investment | 65% |
Other information about inve_19
Other information about investments - Profit and loss and balance sheet related to the principal joint ventures (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about investments | ||||
Non-current assets | € 90,269 | € 79,888 | ||
Total assets | 152,130 | 137,765 | ||
Non-current liabilities | 48,075 | 49,970 | ||
Total liabilities | 96,900 | 93,246 | ||
Net equity | 55,230 | 44,519 | € 37,493 | € 47,900 |
Book value of the investment | 12,092 | 5,887 | 6,749 | |
Revenues and other income | 133,687 | 77,771 | 44,947 | |
Operating profit (loss) | 17,510 | 12,341 | (3,275) | |
Finance income (expense) | (925) | (788) | (1,045) | |
Income (expense) from investments | 5,464 | (868) | (1,658) | |
Profit (loss) before income taxes | 22,049 | 10,685 | (5,978) | |
Income taxes | (8,088) | (4,845) | (2,650) | |
Profit (loss) | 13,961 | 5,840 | (8,628) | |
Other comprehensive income (loss) | 1,757 | 2,051 | (2,780) | |
Total other comprehensive income (loss) | 15,718 | 7,891 | (11,408) | |
Profit (loss) attributable to Eni | 13,887 | 5,821 | € (8,635) | |
Azule Energy Holdings Ltd | ||||
Disclosure of detailed information about investments | ||||
Current assets | 3,869 | |||
- of which cash and cash equivalent | 966 | |||
Non-current assets | 21,281 | |||
Total assets | 25,150 | |||
Current liabilities | 2,635 | |||
- current financial liabilities | 159 | |||
Non-current liabilities | 12,369 | |||
- non-current financial liabilities | 4,403 | |||
Total liabilities | 15,004 | |||
Net equity | € 10,146 | |||
Eni's % of the investment | 50% | |||
Book value of the investment | € 5,073 | |||
Revenues and other income | 2,422 | |||
Operating expense | (956) | |||
Depreciation, amortization and impairments | (1,099) | |||
Operating profit (loss) | 367 | |||
Finance income (expense) | (142) | |||
Income (expense) from investments | 718 | |||
Profit (loss) before income taxes | 943 | |||
Income taxes | (33) | |||
Profit (loss) | 910 | |||
Other comprehensive income (loss) | (516) | |||
Total other comprehensive income (loss) | 394 | |||
Profit (loss) attributable to Eni | 455 | |||
Dividends received from the joint venture | 475 | |||
Cardon IV SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 425 | 285 | ||
- of which cash and cash equivalent | 7 | 3 | ||
Non-current assets | 1,812 | 1,947 | ||
Total assets | 2,237 | 2,232 | ||
Current liabilities | 431 | 373 | ||
- current financial liabilities | 3 | 4 | ||
Non-current liabilities | 940 | 1,301 | ||
- non-current financial liabilities | 43 | 430 | ||
Total liabilities | 1,371 | 1,674 | ||
Net equity | € 866 | € 558 | ||
Eni's % of the investment | 50% | 50% | ||
Book value of the investment | € 433 | € 279 | ||
Revenues and other income | 942 | 686 | ||
Operating expense | (679) | (546) | ||
Depreciation, amortization and impairments | (127) | (98) | ||
Operating profit (loss) | 136 | 42 | ||
Finance income (expense) | (67) | |||
Profit (loss) before income taxes | 136 | (25) | ||
Income taxes | (122) | (131) | ||
Profit (loss) | 14 | (156) | ||
Other comprehensive income (loss) | 30 | 39 | ||
Total other comprehensive income (loss) | 44 | (117) | ||
Profit (loss) attributable to Eni | € 7 | (78) | ||
Doggerbank Offshore Wind Farm Project 1 Holdco Ltd | ||||
Disclosure of detailed information about investments | ||||
Profit (loss) | (1) | |||
Other comprehensive income (loss) | 31 | |||
Total other comprehensive income (loss) | 30 | |||
Doggerbank Offshore Wind Farm Project 2 Holdco Ltd | ||||
Disclosure of detailed information about investments | ||||
Profit (loss) | (1) | |||
Other comprehensive income (loss) | (9) | |||
Total other comprehensive income (loss) | (10) | |||
Mozambique Rovuma Venture SpA | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 35.71% | |||
Profit (loss) | € (202) | |||
Other comprehensive income (loss) | 72 | |||
Total other comprehensive income (loss) | (130) | |||
Saipem SpA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 7,627 | 6,819 | ||
- of which cash and cash equivalent | 2,052 | 1,632 | ||
Non-current assets | 4,770 | 4,723 | ||
Total assets | 12,397 | 11,542 | ||
Current liabilities | 6,932 | 6,844 | ||
- current financial liabilities | 1,040 | 1,256 | ||
Non-current liabilities | 3,352 | 4,347 | ||
- non-current financial liabilities | 1,993 | 2,679 | ||
Total liabilities | 10,284 | 11,191 | ||
Net equity | € 2,113 | € 351 | ||
Eni's % of the investment | 31.20% | 31.20% | ||
Book value of the investment | € 645 | € 137 | ||
Revenues and other income | 9,991 | 6,880 | ||
Operating expense | (9,455) | (8,532) | ||
Other operating profit (loss) | 7 | 2 | ||
Depreciation, amortization and impairments | (445) | (616) | ||
Operating profit (loss) | 98 | (2,266) | ||
Finance income (expense) | (195) | (140) | ||
Income (expense) from investments | (65) | 9 | ||
Profit (loss) before income taxes | (162) | (2,397) | ||
Income taxes | (153) | (70) | ||
Profit (loss) - discontinued operations | 106 | |||
Profit (loss) | (209) | (2,467) | ||
Other comprehensive income (loss) | 24 | (117) | ||
Total other comprehensive income (loss) | (185) | (2,584) | ||
Profit (loss) attributable to Eni | € (82) | (752) | ||
Vårgrønn AS | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 65% | |||
Profit (loss) | € (17) | |||
Other comprehensive income (loss) | (7) | |||
Total other comprehensive income (loss) | (24) | |||
Var Energi ASA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,382 | |||
- of which cash and cash equivalent | 198 | |||
Non-current assets | 16,589 | |||
Total assets | 17,971 | |||
Current liabilities | 2,148 | |||
- current financial liabilities | 390 | |||
Non-current liabilities | 14,900 | |||
- non-current financial liabilities | 4,160 | |||
Total liabilities | 17,048 | |||
Net equity | € 923 | |||
Eni's % of the investment | 69.85% | |||
Book value of the investment | € 645 | |||
Revenues and other income | 5,191 | |||
Operating expense | (1,207) | |||
Other operating profit (loss) | (51) | |||
Depreciation, amortization and impairments | (1,825) | |||
Operating profit (loss) | 2,108 | |||
Finance income (expense) | (350) | |||
Profit (loss) before income taxes | 1,758 | |||
Income taxes | (1,729) | |||
Profit (loss) | 29 | |||
Other comprehensive income (loss) | 61 | |||
Total other comprehensive income (loss) | 90 | |||
Profit (loss) attributable to Eni | 20 | |||
Dividends received from the joint venture | 561 | |||
Other joint ventures | ||||
Disclosure of detailed information about investments | ||||
Current assets | 741 | 868 | ||
- of which cash and cash equivalent | 219 | 199 | ||
Non-current assets | 13,639 | 7,765 | ||
Total assets | 14,380 | 8,633 | ||
Current liabilities | 1,764 | 1,169 | ||
- current financial liabilities | 1,278 | 300 | ||
Non-current liabilities | 10,740 | 5,682 | ||
- non-current financial liabilities | 10,146 | 5,167 | ||
Total liabilities | 12,504 | 6,851 | ||
Net equity | 1,876 | 1,782 | ||
Book value of the investment | 915 | 996 | ||
Revenues and other income | 526 | 341 | ||
Operating expense | (463) | (315) | ||
Other operating profit (loss) | 25 | 4 | ||
Depreciation, amortization and impairments | (258) | (39) | ||
Operating profit (loss) | (170) | (9) | ||
Finance income (expense) | (167) | (24) | ||
Income (expense) from investments | (4) | |||
Profit (loss) before income taxes | (341) | (33) | ||
Income taxes | 62 | (3) | ||
Profit (loss) | (279) | (36) | ||
Other comprehensive income (loss) | 119 | 27 | ||
Total other comprehensive income (loss) | (160) | (9) | ||
Profit (loss) attributable to Eni | 7 | (97) | ||
Dividends received from the joint venture | € 8 | € 25 |
Other information about inve_20
Other information about investments - Profit and loss and balance sheet related to the principal associates (Details) - EUR (€) € in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about investments | ||||
Non-current assets | € 90,269 | € 79,888 | ||
Total assets | 152,130 | 137,765 | ||
Non-current liabilities | 48,075 | 49,970 | ||
Total liabilities | 96,900 | 93,246 | ||
Net equity | 55,230 | 44,519 | € 37,493 | € 47,900 |
Book value of the investment | 12,092 | 5,887 | 6,749 | |
Revenues and other income | 133,687 | 77,771 | 44,947 | |
Other operating income (expense) | (1,736) | 903 | (766) | |
Operating profit (loss) | 17,510 | 12,341 | (3,275) | |
Finance income (expense) | (925) | (788) | (1,045) | |
Income (expense) from investments | 5,464 | (868) | (1,658) | |
Profit (loss) before income taxes | 22,049 | 10,685 | (5,978) | |
Income taxes | (8,088) | (4,845) | (2,650) | |
Profit (loss) | 13,961 | 5,840 | (8,628) | |
Other comprehensive income (loss) | 1,757 | 2,051 | (2,780) | |
Total other comprehensive income (loss) | 15,718 | 7,891 | (11,408) | |
Profit (loss) attributable to Eni | 13,887 | 5,821 | € (8,635) | |
Abu Dhabi Oil Refining Co (Takreer) | ||||
Disclosure of detailed information about investments | ||||
Current assets | 3,730 | 3,070 | ||
- of which cash and cash equivalent | 150 | 153 | ||
Non-current assets | 17,896 | 16,936 | ||
Total assets | 21,626 | 20,006 | ||
Current liabilities | 2,681 | 3,042 | ||
Non-current liabilities | 6,458 | 6,208 | ||
- non-current financial liabilities | 5,366 | 5,164 | ||
Total liabilities | 9,139 | 9,250 | ||
Net equity | € 12,487 | € 10,756 | ||
Eni's % of the investment | 20% | 20% | ||
Book value of the investment | € 2,497 | € 2,151 | ||
Revenues and other income | 36,240 | 21,758 | ||
Operating expense | (32,916) | (20,429) | ||
Other operating income (expense) | (702) | |||
Depreciation, amortization and impairments | (741) | (3,054) | ||
Operating profit (loss) | 1,881 | (1,725) | ||
Finance income (expense) | (83) | (85) | ||
Profit (loss) before income taxes | 1,798 | (1,810) | ||
Profit (loss) | 1,798 | (1,810) | ||
Other comprehensive income (loss) | 646 | 892 | ||
Total other comprehensive income (loss) | 2,444 | (918) | ||
Profit (loss) attributable to Eni | 360 | (362) | ||
Dividends received from the associate | 142 | |||
Var Energi ASA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,612 | |||
- of which cash and cash equivalent | 417 | |||
Non-current assets | 15,821 | |||
Total assets | 17,433 | |||
Current liabilities | 3,044 | |||
- current financial liabilities | 561 | |||
Non-current liabilities | 13,179 | |||
- non-current financial liabilities | 2,404 | |||
Total liabilities | 16,223 | |||
Net equity | € 1,210 | |||
Eni's % of the investment | 63.08% | |||
Book value of the investment | € 763 | |||
Revenues and other income | 9,520 | |||
Operating expense | (1,280) | |||
Depreciation, amortization and impairments | (1,881) | |||
Operating profit (loss) | 6,359 | |||
Finance income (expense) | (495) | |||
Profit (loss) before income taxes | 5,864 | |||
Income taxes | (4,768) | |||
Profit (loss) | 1,096 | |||
Other comprehensive income (loss) | (144) | |||
Total other comprehensive income (loss) | 952 | |||
Profit (loss) attributable to Eni | 691 | |||
Dividends received from the associate | 469 | |||
Angola LNG Ltd | ||||
Disclosure of detailed information about investments | ||||
Current assets | 1,234 | |||
- of which cash and cash equivalent | 808 | |||
Non-current assets | 9,736 | |||
Total assets | 10,970 | |||
Current liabilities | 1,061 | |||
- current financial liabilities | 122 | |||
Non-current liabilities | 1,935 | |||
- non-current financial liabilities | 696 | |||
Total liabilities | 2,996 | |||
Net equity | € 7,974 | |||
Eni's % of the investment | 13.60% | |||
Book value of the investment | € 1,084 | |||
Revenues and other income | 2,739 | |||
Operating expense | (2,316) | |||
Depreciation, amortization and impairments | 307 | |||
Operating profit (loss) | 730 | |||
Finance income (expense) | (61) | |||
Profit (loss) before income taxes | 669 | |||
Profit (loss) | 669 | |||
Other comprehensive income (loss) | 623 | |||
Total other comprehensive income (loss) | 1,292 | |||
Profit (loss) attributable to Eni | 90 | |||
Coral FLNG SA | ||||
Disclosure of detailed information about investments | ||||
Current assets | 578 | 88 | ||
- of which cash and cash equivalent | 25 | 8 | ||
Non-current assets | 7,386 | 6,320 | ||
Total assets | 7,964 | 6,408 | ||
Current liabilities | 695 | 391 | ||
- current financial liabilities | 1 | 1 | ||
Non-current liabilities | 5,949 | 5,392 | ||
- non-current financial liabilities | 5,926 | 5,384 | ||
Total liabilities | 6,644 | 5,783 | ||
Net equity | € 1,320 | € 625 | ||
Eni's % of the investment | 25% | 25% | ||
Book value of the investment | € 330 | € 156 | ||
Revenues and other income | 59 | |||
Operating expense | (49) | |||
Depreciation, amortization and impairments | (4) | |||
Operating profit (loss) | 6 | |||
Finance income (expense) | 553 | |||
Profit (loss) before income taxes | 559 | |||
Income taxes | 1 | |||
Profit (loss) | 560 | |||
Other comprehensive income (loss) | 29 | 46 | ||
Total other comprehensive income (loss) | 589 | 46 | ||
Profit (loss) attributable to Eni | € 140 | |||
Qatar Liquefied Gas Company Limited (9) | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 25% | |||
Other comprehensive income (loss) | € (16) | |||
Total other comprehensive income (loss) | € (16) | |||
Novamont SpA | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 35% | |||
Profit (loss) | € (152) | |||
Other comprehensive income (loss) | (107) | |||
Total other comprehensive income (loss) | € (259) | |||
ADNOC Global Trading Ltd | ||||
Disclosure of detailed information about investments | ||||
Eni's % of the investment | 20% | |||
Profit (loss) | € 849 | |||
Other comprehensive income (loss) | 5 | |||
Total other comprehensive income (loss) | 854 | |||
Other associates | ||||
Disclosure of detailed information about investments | ||||
Current assets | 4,828 | 2,855 | ||
- of which cash and cash equivalent | 284 | 419 | ||
Non-current assets | 8,830 | 4,842 | ||
Total assets | 13,658 | 7,697 | ||
Current liabilities | 4,220 | 2,577 | ||
- current financial liabilities | 411 | 139 | ||
Non-current liabilities | 4,220 | 3,857 | ||
- non-current financial liabilities | 4,056 | 3,632 | ||
Total liabilities | 8,440 | 6,434 | ||
Net equity | 5,218 | 1,263 | ||
Book value of the investment | 1,381 | 393 | ||
Revenues and other income | 37,846 | 20,098 | ||
Operating expense | (36,754) | (19,785) | ||
Other operating income (expense) | (10) | (117) | ||
Depreciation, amortization and impairments | (247) | (40) | ||
Operating profit (loss) | 835 | 156 | ||
Finance income (expense) | (14) | (5) | ||
Income (expense) from investments | 3 | 52 | ||
Profit (loss) before income taxes | 824 | 203 | ||
Income taxes | (26) | (16) | ||
Profit (loss) | 798 | 187 | ||
Other comprehensive income (loss) | (81) | 74 | ||
Total other comprehensive income (loss) | 717 | 261 | ||
Profit (loss) attributable to Eni | 411 | 52 | ||
Dividends received from the associate | € 97 | € 16 |
Other information about inve_21
Other information about investments - Additional (Details) - EUR (€) € in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about investments | ||
Non-controlling interest | € 471 | € 82 |
EniPower Group | ||
Disclosure of detailed information about investments | ||
Proportion of ownership interest in subsidiary (as a percent) | 51% | |
Proportion of ownership interest in subsidiary held by non-controlling interests (as a percent) | 49% | |
EniPower SpA | ||
Disclosure of detailed information about investments | ||
Proportion of ownership interest in subsidiary held by non-controlling interests (as a percent) | 49% | |
Gains on disposals of subsidiary | € 542 |