Eni is an integrated energy Company committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. The Company has global operations in about 70 Countries and employs approximately 78,880 people.
In 2008 Eni reported revenues from core business of 108,148 million Euros, with an adjusted net profit of € 10.2 billion (up 7.7%). Investments and acquisitions amounted to € 18.9 billion.
Eni's business portfolio is unique in the Oil & Gas industry, and includes oil and gas Exploration & Production, natural gas transmission and distribution, power generation, refining and petrochemicals, engineering and construction, and other activities.
E&P Exploration & Production
Eni has large operations in some of the most attractive oil fields in the world, in 39 Countries in 5 Continents. 11,194 people are employed in this business. In 2008 hydrocarbon production reached a record 1.797 million barrels per day, with an increase of 3.5% due to new acquisitions (Gulf of Mexico, Congo and Turkmenistan) as well as to growing production in Angola, Congo, Egypt, Pakistan and Venezuela. On the basis of crude oil year-end market values, proven reserves amount to 6.6 billion boe, with an all-source replacement rate of 135% and a reserve life index of 10 years.
G&P Gas & Power
The Gas & Power business covers all phases of the gas value chain: supply, transmission, distribution, sale and LNG, through a unique integrated business model. Eni is the leading supplier of gas in terms of sales in the European market. Its strong market position is underpinned by extensive gas supplies, both produced and imported under long-term agreements, access to infrastructure, and a broad customer portfolio. Eni also has significant power generation capabilities.
In 2008 Eni sold 104.23 billion m3 of natural gas (up 5.3% from 2007), and the volume of gas transmitted to Italy was 85.64 billion m3, with an increase of 2.8%.
Power sales amounted to 29.93 TWh. 11,389 people are employed in this business segment.
R&M Refining & Marketing
Eni is Italy's leading oil refining Company, and is competitively positioned in the European market. Its refining system has an overall balanced capacity of approximately 737,000 barrels per day. Eni is also Italy's leading network distributor. In 2008 oil product sales amounted to 50.68 million tons. The Oil Refining segment employs 8,327 people.
PE Petrochemicals
Through Polimeri Europa, Eni is engaged in the production and sale of a broad portfolio of petrochemical products, backed by its range of proprietary technologies, next-generation plants, and an extensive and efficient distribution network. Eni's strategic business areas in the petrochemical sector are basic chemicals, plastics, and synthetic rubbers. 7.37 million tons of petrochemical products were manufactured in 2008.
The segment employs 6,274 people.
E&C Engineering & Construction
Eni's major operations in oil field engineering and services are performed through its subsidiary Saipem. The distinctive technologies and expertise which Saipem provides to Eni in the engineering and implementation of complex projects are e key element in Eni's growth and innovation strategies. In 2008 Saipem received purchase orders for 13,860 million Euros, and operated in 54 Countries. 35,629 people work in this sector.
