Eni's strategy presentation outlines plans for 2019-2022 focusing on organic growth, renewables expansion, upstream growth, and circular economy initiatives. Key targets include doubling the LNG portfolio by 2022, 3.5% annual upstream production growth, and over €900 million invested in decarbonization efforts. The strategy aims to balance capital discipline with sustainable long-term growth through projects increasing efficiency, natural gas production, and zero carbon energy sources.
Tesla’s mission is to accelerate the world’s transition to sustainable energy. To achieve that goal, we must produce electric vehicles in sufficient volume to force change in the automobile industry. With a planned production rate of 500,000 cars per year in the latter half of this decade, Tesla alone will require today’s entire worldwide production of lithium ion batteries. The Tesla Gigafactory was born of necessity and will supply enough batteries to support our projected vehicle demand.
Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada, and we expect to begin battery cell production by the end of this year. By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.
In cooperation with Panasonic and other strategic partners, the Gigafactory will produce batteries for significantly less cost using economies of scale, innovative manufacturing, reduction of waste, and the simple optimization of locating most manufacturing process under one roof. We expect to drive down the per kilowatt hour (kWh) cost of our battery pack by more than 30 percent. The Gigafactory will also be powered by renewable energy sources, with the goal of achieving net zero energy.
The name Gigafactory comes from the factory’s planned annual battery production capacity of 35 gigawatt-hours (GWh). “Giga” is a unit of measurement that represents “billions”. One GWh is the equivalent of generating (or consuming) one billion watts for one hour—one million times that of one kWh.
Shell, with strategic support from SSE, are looking to develop the world’s first full-scale gas carbon capture and storage (CCS) project – the Peterhead CCS Project. The proposed project would see 10 to 15 million tonnes of carbon dioxide emissions captured from the Peterhead Power Station in the North East of Scotland and transported by pipeline offshore for geological storage deep under the North Sea.
In March 2013, the Peterhead CCS Project was chosen as one of two CCS demonstration projects in the UK to progress to the next stage of the UK Government’s CCS Commercialisation Competition funding. This funding allowed the Project to progress through the detailed design phase known as Front-End Engineering Design, or FEED.
Now, as the Project nears the end of this FEED phase of development, we were delighted to have Peterhead’s Business Opportunity Manager, Bill Spence join us for this webinar. In addition to giving an overview of the project and an update on recent developments, Bill also painted a picture of how this proposed project fits into Shell’s overall global CCS programme.
ITER (International thermonuclear experimental reactor)Kamran Iqbal
ITER (originally an acronym of International Thermonuclear Experimental Reactor) is an international nuclear fusion research and engineering project, which is currently building the world’s largest and most advanced experimental tokamak nuclear fusion reactor at Cadarache in the south of France. The ITER project aims to make the long-awaited transition from experimental studies of plasma physics to full-scale electricity-producing fusion power plants.
Tesla’s mission is to accelerate the world’s transition to sustainable energy. To achieve that goal, we must produce electric vehicles in sufficient volume to force change in the automobile industry. With a planned production rate of 500,000 cars per year in the latter half of this decade, Tesla alone will require today’s entire worldwide production of lithium ion batteries. The Tesla Gigafactory was born of necessity and will supply enough batteries to support our projected vehicle demand.
Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada, and we expect to begin battery cell production by the end of this year. By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.
In cooperation with Panasonic and other strategic partners, the Gigafactory will produce batteries for significantly less cost using economies of scale, innovative manufacturing, reduction of waste, and the simple optimization of locating most manufacturing process under one roof. We expect to drive down the per kilowatt hour (kWh) cost of our battery pack by more than 30 percent. The Gigafactory will also be powered by renewable energy sources, with the goal of achieving net zero energy.
The name Gigafactory comes from the factory’s planned annual battery production capacity of 35 gigawatt-hours (GWh). “Giga” is a unit of measurement that represents “billions”. One GWh is the equivalent of generating (or consuming) one billion watts for one hour—one million times that of one kWh.
Shell, with strategic support from SSE, are looking to develop the world’s first full-scale gas carbon capture and storage (CCS) project – the Peterhead CCS Project. The proposed project would see 10 to 15 million tonnes of carbon dioxide emissions captured from the Peterhead Power Station in the North East of Scotland and transported by pipeline offshore for geological storage deep under the North Sea.
In March 2013, the Peterhead CCS Project was chosen as one of two CCS demonstration projects in the UK to progress to the next stage of the UK Government’s CCS Commercialisation Competition funding. This funding allowed the Project to progress through the detailed design phase known as Front-End Engineering Design, or FEED.
Now, as the Project nears the end of this FEED phase of development, we were delighted to have Peterhead’s Business Opportunity Manager, Bill Spence join us for this webinar. In addition to giving an overview of the project and an update on recent developments, Bill also painted a picture of how this proposed project fits into Shell’s overall global CCS programme.
ITER (International thermonuclear experimental reactor)Kamran Iqbal
ITER (originally an acronym of International Thermonuclear Experimental Reactor) is an international nuclear fusion research and engineering project, which is currently building the world’s largest and most advanced experimental tokamak nuclear fusion reactor at Cadarache in the south of France. The ITER project aims to make the long-awaited transition from experimental studies of plasma physics to full-scale electricity-producing fusion power plants.
Emerging Battery Chemistries | Reimagining EVs Beyond Conventional Li-Ion Bat...BIS Research Inc.
The efficiency of the battery system in any electric vehicle (EV) determines its cost and vehicle performance. Challenges, such as range anxiety and charging time, have been a hindrance to increasing EV sales.
As a leading market intelligence firm, BIS Research strives to stay on top of the latest emerging technologies in the mobility sector, among several other industry verticals.
In the bid to do the same, BIS is conducting a deep intelligence webinar on the current paradigm shift happening for battery technologies in electric vehicles.
Here are all the details:
Webinar Topic: Emerging Battery Chemistries | Reimagining EVs Beyond Conventional Li-Ion Batteries
It is a detailed presentation on Direct air carbon capture. It explain everything about climate change, global warming, greenhouse gases,ways to remove CO2, and many more. It is a detailed presentation on the direct air carbon capture technology that how it work and the future development in this technology.
On April 17 2015 the Committee on Climate Change held their first meeting in Wales, Cardiff. A range of stakeholders were invited to discuss the challenges faced by Wales in implementing its low-carbon strategy.
Nepal is currently reeling under acute fuel crisis due to undeclared economic blockade by India. Transportation and cooking are two main areas that have been severely affected due to the fuel shortages. Alternative sources of cooking fuels have become a crucial topic of research and investigation on an international scale and Nepal may require such unconventional solutions to cope with the crisis that does not seem to be winding down anytime soon. The utilization of Hydrogen as an energy carrier with regards to domestic cooking has been explored and studied by countless experts over the years and is still a relatively novel concept that requires further exploration.
Hydrogen energy sources - generation and storageShantam Warkad
Hydrogen is the simplest and most abundant element on earth
It consists of only one proton and one electron.
Hydrogen can store and deliver usable energy, but it doesn't typically exist by itself in nature and must be produced from compounds that contain it.
This analysis was done for this specific company interest during my work and there was no other purposes to violate any copyright protections.
In order to get this presentation please send me an email at nishat.env@gmail.com
In conclusion, this new Plan is characterized by the strong growth of all business lines, sustainable even in challenging scenarios, thanks to the consistency of the actions taken, the boosting integration and financial discipline. The Plan aims to further strengthen the portfolio of Eni’s activities and accelerate the generation of value for shareholders. The remuneration for shareholders will mainly take place through the distribution of dividends, while buy backs will be evaluated in the instance of cash exceeding our leverage target of 20-25%.
Eni: trasformata in società forte e solida, punta all’espansione. L'Italia è ...Eni
L’AD Claudio Descalzi illustra il Piano strategico 2018-2021 alla comunità finanziaria italiana e fa il punto sulla sicurezza e sullo stato delle attività della compagnia in Italia.
Emerging Battery Chemistries | Reimagining EVs Beyond Conventional Li-Ion Bat...BIS Research Inc.
The efficiency of the battery system in any electric vehicle (EV) determines its cost and vehicle performance. Challenges, such as range anxiety and charging time, have been a hindrance to increasing EV sales.
As a leading market intelligence firm, BIS Research strives to stay on top of the latest emerging technologies in the mobility sector, among several other industry verticals.
In the bid to do the same, BIS is conducting a deep intelligence webinar on the current paradigm shift happening for battery technologies in electric vehicles.
Here are all the details:
Webinar Topic: Emerging Battery Chemistries | Reimagining EVs Beyond Conventional Li-Ion Batteries
It is a detailed presentation on Direct air carbon capture. It explain everything about climate change, global warming, greenhouse gases,ways to remove CO2, and many more. It is a detailed presentation on the direct air carbon capture technology that how it work and the future development in this technology.
On April 17 2015 the Committee on Climate Change held their first meeting in Wales, Cardiff. A range of stakeholders were invited to discuss the challenges faced by Wales in implementing its low-carbon strategy.
Nepal is currently reeling under acute fuel crisis due to undeclared economic blockade by India. Transportation and cooking are two main areas that have been severely affected due to the fuel shortages. Alternative sources of cooking fuels have become a crucial topic of research and investigation on an international scale and Nepal may require such unconventional solutions to cope with the crisis that does not seem to be winding down anytime soon. The utilization of Hydrogen as an energy carrier with regards to domestic cooking has been explored and studied by countless experts over the years and is still a relatively novel concept that requires further exploration.
Hydrogen energy sources - generation and storageShantam Warkad
Hydrogen is the simplest and most abundant element on earth
It consists of only one proton and one electron.
Hydrogen can store and deliver usable energy, but it doesn't typically exist by itself in nature and must be produced from compounds that contain it.
This analysis was done for this specific company interest during my work and there was no other purposes to violate any copyright protections.
In order to get this presentation please send me an email at nishat.env@gmail.com
In conclusion, this new Plan is characterized by the strong growth of all business lines, sustainable even in challenging scenarios, thanks to the consistency of the actions taken, the boosting integration and financial discipline. The Plan aims to further strengthen the portfolio of Eni’s activities and accelerate the generation of value for shareholders. The remuneration for shareholders will mainly take place through the distribution of dividends, while buy backs will be evaluated in the instance of cash exceeding our leverage target of 20-25%.
Eni: trasformata in società forte e solida, punta all’espansione. L'Italia è ...Eni
L’AD Claudio Descalzi illustra il Piano strategico 2018-2021 alla comunità finanziaria italiana e fa il punto sulla sicurezza e sullo stato delle attività della compagnia in Italia.
Eni: Integrated Model for Sustainable Energy Resource DevelopmentEni
Developing sustainable energy: Eni’s Integrated Model is a presentation to investors of the basic principles that feature the sustainability of Eni’s way of working.
New base february 22 2022 energy news issue - 1489 by khaled al awadi-compr...Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
Short and medium term strategy updated: costs and capex optimization increased; energy transition targets confirmed, and investments in businesses linked to decarbonization raised. New shareholders’ remuneration policy put in place.
Today, Eni’s Board of Directors approved the Group results for the first quarter of 2019 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked:
“I am very pleased of the excellent industrial and financial performance delivered by Eni in IQ 2019. Particularly, in light of a substantially unchanged market scenario, the E&P business has improved its operating profit by 25% compared to the first quarter of 2018, confirming our expectations of the business growing cash generation for the full year. The results of the G&P segment also improved; the 16% increase in operating profit to €372 million puts us on the path to achieving our €500 million profit target for the full year. The performance of the Downstream R&M and Chemicals business offset the effect of weaker margins and we expect to see a broad recovery over the next nine months, particularly in oil Refining and Marketing. Overall, first quarter operations generated a cash flow of €3.42 billion, up 8% and €1.5 billion greater than the investments for the period of around €1.9 billion, which is in line with the expectations of €8 billion for the whole year. The Group confirms that it can leverage on the quality and robustness of its asset portfolio, capable of covering costs, investments and dividends at a Brent price of US$ 55, in addition to generating a cash surplus in the event of higher prices, as in current trading conditions.”
Our performance in the third quarter, which allowed us to record cash flow from operations of €4.1 billion, double what we achieved in the same period last year and, even more remarkable, 35% higher than the
previous quarter. All the businesses have performed well, with the Upstream division showing that it can thrive in an
environment of either flat or increasing oil prices. The Mid and Downstream businesses continue their recovery,
demonstrating sustainable profitability despite an unfavorable environment."
Eni Results for the Second Quarter and Half Year 2018Eni
Eni recorded another period of strong profitability in the second quarter. In the context of a 38% rise in the price of Brent, Eni reported a 152% increase in operating profit, driven by the performance of the Exploration & Production business, which more than tripled its contribution. Our cash generation also grew significantly, driven by the price of Brent and increased production levels, contributing to $20 per barrel, allowing us to confirm the lowering of our cash neutrality to $55 per barrel for 2018. The Gas & Power segment also reported excellent results, thanks to the strong integration of the LNG business with upstream activities and the positive impact of the restructuring carried out over the last years. A deterioration in Refining and Chemicals environment – which runs counter-cyclically to the price of Brent – meant a reduction in the contribution of these businesses, albeit remaining positive thanks to recent restructuring. There was significant progress in our portfolio management this quarter with the creation of Vår Energi in Norway as well as the funds received for the sale of Eni’s 10% stake in the Zohr field to Mubadala. As a result, net debt fell below €10 billion – the lowest level in 11 years. Consequently I will propose an interim dividend of €0.42 per share at the Board meeting on 13 September.
We operate in 71 different countries around the globe, with more than 32.000 men and women working for us.
Our work is based on passion and innovation, on our unique strengths and skills, on the quality of our people and in recognising that diversity across all aspects of our operations and organisation is something to be cherished.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
2. STRATEGY PRESENTATION 2019-2022
2
Disclaimer
This document contains forward-looking statements regarding future events and the future results of Eni that are based on current expectations, estimates, forecasts, and projections about
the industries in which Eni operates and the beliefs and assumptions of the management of Eni. In addition, Eni’s management may make forward-looking statements orally to analysts,
investors, representatives of the media and others. In particular, among other statements, certain statements with regard to management objectives, trends in results of operations, margins,
costs, return on capital, risk management and competition are forward looking in nature. Words such as ‘expects’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’,
‘seeks’, ‘estimates’, variations of such words, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties, and assumptions that are difficult to predict because they relate to events and depend on circumstances that will occur in the
future. Therefore, Eni’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements. Factors that might cause or contribute to such
differences include, but are not limited to, those discussed in Eni’s Annual Reports on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) under the section entitled
“Risk factors” and in other sections. These factors include but are not limited to:
Fluctuations in the prices of crude oil, natural gas, oil products and chemicals;
• Strong competition worldwide to supply energy to the industrial, commercial and residential energy markets;
• Safety, security, environmental and other operational risks, and the costs and risks associated with the requirement to comply with related regulation, including regulation on GHG
emissions;
• Risks associated with the exploration and production of oil and natural gas, including the risk that exploration efforts may be unsuccessful and the operational risks associated with
development projects;
• Uncertainties in the estimates of natural gas reserves;
• The time and expense required to develop reserves;
• Material disruptions arising from political, social and economic instability, particularly in light of the areas in which Eni operates;
• Risks associated with the trading environment, competition, and demand and supply dynamics in the natural gas market, including the impact under Eni take-or-pay long-term gas supply
contracts;
• Laws and regulations related to climate change;
• Risks related to legal proceedings and compliance with anti-corruption legislation;
• Risks arising from potential future acquisitions; and
• Exposure to exchange rate, interest rate and credit risks.
Any forward-looking statements made by or on behalf of Eni speak only as of the date they are made. Eni does not undertake to update forward-looking statements to reflect any changes in
Eni’s expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. The reader should, however, consult any further
disclosures Eni may make in documents it files with or furnishes to the SEC and Consob.
3. Fast monetisation of discoveries
Financial discipline
Access to new acreage
OUR DISTINCTIVE FACTORS
Fast. Efficient. Responsible.
Original renewables model
Strong exploration results
8. STRATEGY PRESENTATION 2019-2022
UEC ~ $ 1.6 /boe
2.5 bln boe
thousands km2
>460
>140 WELLS IN THE 4YP8
A GLOBAL RANGE OF EXPLORATION OPPORTUNITIES
Resources to discover CURRENT NET ACREAGE
+37% vs 2014
US Alaska
Mexico
Ghana &
Ivory Coast
Angola
UK
Norway
Egypt
Cyprus
Pakistan
Vietnam
Indonesia
Mozambique
Middle East
Libya
Algeria
Risked Exploration potential
10. STRATEGY PRESENTATION 2019-2022
PRODUCTION GROWTH 4YP MAIN START UPS
10
CAGR
2018-22
3.5 %
START UPS DRIVING GROWTH
LONG TERM GROWTH: CAGR @ 2025 3.5%
Algeria – Berkine & BRN Pipeline
Egypt – Baltim SW
Mexico – Area 1
Norway – Trestakk
2020
2022
Indonesia - Merakes
Congo - Nené ph.2B
Egypt - Meleiha ph.2
Norway - Smorbukk
Angola – Cabaça North,
Northern Gas Complex
Italy - Cassiopea
Norway – Fenja, Balder X
Congo – Nené ph.3
Libya – A/E Structures
Mozambique – Coral FLNG
Norway – Johan Castberg
UAE – Dalma gas
2019
2021
1.85
>2.1
Mboed
1.88
2.4
= new project start-ups and ramp-ups
11. STRATEGY PRESENTATION 2019-2022
11
AREAS OF UPSTREAM GROWTH
VAR ENERGI
(NORWAY)
U.A.E. 1,400
KBOED GROSS
in second half of next decade
250
KBOED in 2023 (VAR 100% )
MEXICO 100KBOED GROSS in 2022
Block 24
Block 28
Block 7
Block 10
Block 14
AREA 1 - develop. project
(execution phase)AMOCA
TECOALLI
MIZTON
MEXICO
Block 12*
*Subject to local authorities’ approval
12. STRATEGY PRESENTATION 2019-2022
# MAIN FIDs
18
2019 - 2022
RRR
>100%
2019 - 2022
LONG PIPELINE OF NEW PROJECTS
12
Rovuma LNG ph.1
(Mozambique)
Berkine
(Algeria)
Meleiha ph.2
(Egypt)
Balder X
(Norway)
Karachaganak ph.3
(Kazakhstan)
A/E Structures
(Libya)
Nené ph.3
(Congo)
Bouri GUP
(Libya)
Kashagan Compression
(Kazakhstan)
UDR gas
(UAE)
Val D’Agri
Development
(Italy)
Bonga SWA
(Nigeria)
Umm Shaif LTDP-1
(UAE)
Lower Zakum
LTDP-1
(UAE)
2019 2021 - 20222020FID 2023-2030
Coral ph.2
(Mozambique)
Rovuma LNG ph.2
(Mozambique)
Umm Shaif gas ph.2
(UAE)
Dalma gas
(UAE)
NGasComplex
(Angola)
Lower Zakum LTDP-2
(UAE)
Umm Shaif LTDP-2
(UAE)
D Structure
(Libya)
F/Q Structures
(Libya)
Kalamkas
(Kazakhstan)
Minsala
(Congo)
Kalimba cluster
(Angola)
Umm Shaif gas ph.1
(UAE)
Hail & Ghasha
(UAE)
13. STRATEGY PRESENTATION 2019-2022
13
~2X COVERAGE OF DIVIDEND WITH UPSTREAM FCF
~ € 6.5 BLN
CAPEX
PER YEAR
FCF 2019 - 2022
€ 22bln
THE RISE OF UPSTREAM CASH FLOW
Brent $/bl
Exchange Rate €/$
62 70
1.15 1.21
UPSTREAM CFFO | € bln
11.5
13.6
10
11
12
13
14
2019 2022
2019 CFFO Excludes one-off
14. STRATEGY PRESENTATION 2019-2022
€ 10BLN
CFFO 4YP
€ 5 BLN
CAPEX 4YP
€ 2BLN
EBIT END OF PLAN
~ € 5 BLN
CASH FLOW AFTER CAPEX 4YP
MID-DOWNSTREAM KEY TARGETS
14
Includes G&P, R&M and Chemicals14
15. STRATEGY PRESENTATION 2019-2022
0.5
2018 2019 End of plan
0.5
0.7
15
€ 2.3 bln
2019-2022
EBIT | € bln FREE CASH FLOW | € bln
Gas & LNG Marketing and Power (GLP)
Retail – Eni gas e luce
GAS & POWER – AN INTEGRATED AND OPTIMIZED MODEL
16. STRATEGY PRESENTATION 2019-2022
16
RETAIL WILL DOUBLE EBIT RESULT
HIGH VALUE CUSTOMER BASE
5X vs. 2018 EBIT
20%of 2022 EBIT
TOTAL CUSTOMERS IN 2022
+26% vs 2018
> 4 mln
POWER CUSTOMERS IN 2022
2X vs 2018
12 mln
FAST GROWING CUSTOMER BASE
EXTRA - COMMODITY
17. STRATEGY PRESENTATION 2019-2022
17
LNG: DOUBLING OUR PORTFOLIO
GAS: A KEY TRANSITIONAL RESOURCE
EQUITY @2022
>70%Vs 56% in 2018
2018 2022 2025
8.8
Nigeria
NLNG (current)
Indonesia
Jangkrik (current)
Oman (current)
Indonesia
Merakes
Egypt
Damietta
Mozambique
Rovuma
Nigeria
NLNG
14
16
Angola
Qatar (current)
Australia
LNG PORTFOLIO @ 2022
= equity gas projects
MTPA
18. STRATEGY PRESENTATION 2019-2022
2018 2019 End of plan
18
from 2020
1 Mton/y
from 2021
Breakeven
Margin*
Green
production
EBIT adj.| € bln ORGANIC FCF | € bln
25%
in Italy
Retail
market share
€ 2.6
bln
2019-2022
R&M – BIGGER AND MORE PROFITABLE
$ 2.7 /bbl
Refining*
Marketing
0.4
0.7
1.0
* Include the pro-forma contribution of ADNOC Refining
from 2023
LT Breakeven
Margin*
$ 1.5 /bbl
21. STRATEGY PRESENTATION 2019-2022THE DUAL CHALLENGE OF ENERGY
Energy Demand IEA New Policies Scenario
CO2 Emissions IEA Sustainable Development Scenario21
50%
60%
70%
80%
90%
100%
110%
120%
130%
2017 2030 2040
Energy demand CO2 emissions from energy sector
We recognize the need for
full energy access+30%
280 mln
boe/d
Energy demand
32 Gton
CO2 emissions
We share the objectives of the
Paris agreement
to keep global warming <2°-45%
22. STRATEGY PRESENTATION 2019-2022OUR STRATEGY FOR DECARBONISATION
TOOLS
22
UPSTREAM NET ZERO EMISSIONS* BY 2030 (SCOPE 1)
NEW TECHNOLOGIES
Increased
efficiency
Growing
share of gas
Forestry
projects
Growth in
zero carbon
sources
Circular
approach
CCUS
* On equity basis
23. STRATEGY PRESENTATION 2019-2022
23
DIRECT INTERVENTION IN FORESTRY
> 20 MTON CO2/Y CAPTURED @ 2030
LOCAL
DEVELOPMENT
POSITIVE
SOCIAL
IMPACT
POSITIVE
ENVIRONMENTAL
IMPACT
33. STRATEGY PRESENTATION 2019-2022
Sensitivity 2019 EBIT adj (€ mln) net adj (€ mln) FCF (€ mln)
Brent (+1 $/bl) +285 +170 +195
Std. Eni Refining Margin (+1 $/bl) +150 +105 +150
Exchange rate $/€ (-0.05 $/€) +395 +175 +170
4YP Scenario 2019 2020 2021 2022
Brent dated ($/bl) 62 65 68 70
FX avg ($/€) 1.15 1.17 1.19 1.21
Std. Eni Refining Margin ($/bl) 5.0 5.5 5.5 4.7
NBP ($/mmbtu) 8.2 6.7 6.8 6.9
PSV (€/kmc) 266 225 222 220
Brent sensitivity assumes oil and gas changes are directional and proportional
Sensitivity is valid for limited price variations
ASSUMPTIONS AND SENSITIVITY
33
34. STRATEGY PRESENTATION 2019-2022
34
EPF SU: Mid 2019 Progress: 80%
2019 Equity : 3 kboed
Plateau 100%: 100 kboed @2022
Zohr 50% WI
2019 Equity : 150 kboed
Plateau 100%: 580 kboed @2020
Area 1 65%* WI
Berkine & BRN Pipeline 49% WI
Merakes 85% WI
EPF SU: Mid 2019 Progress: 80%
2019 Equity : 10 kboed
Plateau 100%: 56 kboed @2020
Start up: Mid 2020
Progress: 9%
Plateau 100%: 73 kboed @2023
KEY PROJECTS 1/2
Baltim SW 50% WI
Start up: Mid 2019
Progress: 63%
Plateau 100%: 90 kboed @2020
EGYPT
MEXICO
INDONESIA
EGYPT
ALGERIA
Meleiha ph.2 76% WI
EPF Start up: 2H 2020
Progress: under FID (2019)
Plateau 100%: 60 kboed** @2022EGYPT
East Hub 37% WIWest Hub 37% WI
2019 Equity: 26 kboed
Plateau 100%: 100 kboed @2021
ANGOLA ANGOLA
2019 Equity: 25 kboed
Plateau 100%: 70 kboed (reached)
LIQ
GAS
LIQ
GAS
GAS
LIQ
LIQ
GAS
LIQ
GAS
EPF = Early Prod. Facilities *Subject to local authorities’ approval **All Western Desert hub new initiatives
35. STRATEGY PRESENTATION 2019-2022
35
A & E Structures 50% WI
Progress: under FID (2020)
Start up: 2H 2022
Plateau 100%: 160 kboed @2025
KEY PROJECTS 2/2
Rovuma LNG 25% WI
Progress: under FID (2019)
Start up: 2024
Plateau 100%: 425 kboed @2026
Hail & Ghasha 25% WI
Progress: under FID (2019)
Start up: 2024
Plateau 100%: 290 kboed @2026
Johan Castberg 21% WI
Progress: 20%
Start up: 2H 2022
Plateau 100%: 205 kboed @2024
Coral FLNG 25% WI
Progress: 29%
Start up: 1H 2022
Plateau 100%: 97 kboed @2023
Dalma Gas 25% WI
Progress: under FID (2019)
Start up: 1H 2022
Plateau 100%: 55 kboed @2023
Balder X 70% WI
Progress: under FID (2019)
Start up: 2H 2021
Plateau 100%: 40 kboed @2023
MOZAMBIQUE
MOZAMBIQUE
NORWAY
NORWAY
ABU DHABI
ABU DHABI
LIBYA
Nené ph.2B 65% WI
Progress: 5%
Start up: 2H 2020
Peak 100%: 13 kboed @2021
CONGO
GAS
LIQ
GAS
LIQ
GAS
GAS
LIQ
GAS
LIQ
LIQ
36. STRATEGY PRESENTATION 2019-2022
7% 8%
America North Africa
Europe
Sub-Saharan
Africa
Asia &
Middle East
Caspian Sea
Production weight %
38% 34%
18% 16%
19% 21%
11%9%
9%9%
36
PRODUCTION DETAILS
Europe
North Africa
Caspian Sea
Sub-Saharan Africa
Asia & Middle East
America
2018
2022
Total Production 1.85 Mboed
Total Production >2.1 Mboed
Production kboed
-
200
400
600
700
-
200
400
600
-
200
400
600
-
200
400
600
-
200
400
600-
200
400
600