Eni

What Eni does

Eni S.p.A. is an integrated global energy company headquartered in Rome, Italy, founded in 1953 and publicly listed on the Borsa Italiana (BIT:ENI) and NYSE (ticker 'E'). The company operates across the full energy value chain in 62 countries — spanning upstream oil and gas exploration and production (including Zohr, Baleine, Greater PAJ, Junin-5, Jangkrik, Merakes, Perla and Cardón IV), midstream LNG via three operational FLNG units (Coral South, Coral Norte in Mozambique, Tango/Nguya in Congo), downstream refining (seven Italian refineries at Sannazzaro, Gela, Livorno, Porto Torres, Priolo, Taranto and Venice Porto Marghera), and a growing portfolio of energy-transition platforms: Plenitude (retail energy/renewables/EV charging), Enilive (HVO biodiesel and SAF via Ecofining technology co-developed with Honeywell), Eni CCUS Holding (Liverpool Bay, Bacton, L10, Ravenna), Versalis (sustainable chemistry), and the Searah JV with Petronas (Southeast Asia upstream, 300,000+ boe/d). Eni differentiates through a proprietary 'satellite model' corporate architecture that spins off high-growth businesses with specialised financial and strategic partners (KKR, BlackRock GIP, Ares, Petronas, BP) while retaining operational control.

Eni monetises through a mix of transaction-fee revenue (upstream liftings, refining, biofuels, Versalis chemicals), long-term subscription-style recurring contracts (LNG offtake, Plenitude retail energy, CCUS storage fees to industrial clusters), managed services (CCUS infrastructure, engineering via EniProgetti, HPC6/HPC7 supercomputing compute, EnergIA generative-AI assistant), and capital-markets transactions (€2.8 billion 2026 buyback, €1.5 billion Plenitude capital increase, €3.6 billion Enilive stake sale). Customer segments span national oil companies (PDVSA, ENH, CNPC, NNPC, Petroci), IOCs (BP, Petronas, Repsol, Shell, TotalEnergies), industrial CCUS buyers, European retail consumers, and Italian/EU mobility customers. Pricing follows commodity benchmarks (Brent, TTF, PSV) and country-specific tariffs rather than public list pricing; capital-markets valuations are disclosed (e.g., Enilive at ~€12 billion).

Strategic positioning for 2026 is anchored by a £71 billion cumulative 2026–2030 operating cash flow target with ~13% ROACE, raised Brent forecast of $83/bbl, Q1 2026 revenue of €23.18 billion and adjusted net profit of €1.3 billion. The company is pursuing carbon neutrality by 2050 while actively re-entering frontier upstream jurisdictions (Venezuela, Libya, Syria, The Gambia), scaling FLNG and LNG to over 20 mtpa contracted by 2030, deploying its HPC7 exascale supercomputer for AI-driven exploration, and partnering with Commonwealth Fusion Systems ($1B+ offtake) and Seri Industrial/FIB (Eni Storage System LFP battery JV) for long-horizon optionality in fusion and battery materials.

Name

Eni

Legal name

Eni S.p.A.

Website

https://eni.com

Company type

Public

Founded year

1953

Operating status

Operating

Headcount range

1–10 employees

Short description

Eni S.p.A. is a Rome-headquartered, publicly listed integrated global energy company operating across oil and gas, LNG, refining, biofuels, CCUS, fusion and renewables in 62 countries, structured via a 'satellite model' that spins off subsidiaries (Plenitude, Enilive, Eni CCUS Holding, Searah) with specialised partners while retaining operational control.

Ownership category

akta.pro rank

Product category

Integrated Oil and Gas

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313), Engineering Services (54133), Petroleum Refineries (32411)

SIC

Oil & Gas Field Machinery & Equipment (3533), Petroleum Refining (2911), Services-Computer Integrated Systems Design (7373), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430)

akta.pro primary industry

Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG)

akta.pro secondary industries

Protection, Relaying & Grid Interconnection Engineering (Studies & Settings) (EUAEAEAJ), EMS / SCADA / DERMS Controls Integration for Storage (EUAEAEAG)

Keywords

• Integrated energy services
• Oil gas exploration
• Renewable energy solutions
• Carbon capture storage
• Biofuel production

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Upstream oil and gas production: Exploration, development and extraction of crude oil and natural gas across 62 countries; revenue recognised on liftings and gas deliveries; Q1 2026 revenue €23.18 billion reported at group level with strong upstream production growth.
2. LNG sales and offtake: Long-term LNG supply agreements from operated assets in Indonesia (North Hub and South Hub), Mozambique (Coral Sul, Coral Norte), Congo (Tango, Nguya) and other locations; targeting over 20 mtpa of contracted LNG supply by 2030.
3. Retail energy and renewables (Plenitude): Eni's satellite subsidiary Plenitude generates revenue from retail electricity and gas sales, EV charging, distributed solar and energy services to households and businesses across Europe; planned €1.5 billion capital increase ahead of deconsolidation.
4. Biofuels and mobility (Enilive): Enilive produces and markets HVO biodiesel, sustainable aviation fuel and other biofuels via Eni-licensed service stations and B2B channels; KKR-led consortium acquired 30% stake for ~€3.6 billion, valuing the business at approximately €12 billion.
5. Refining and marketing: Crude oil refining and marketing of petroleum products through Eni's Italian refinery network (Sannazzaro, Gela, Livorno, Porto Torres, Priolo, Taranto, Venice Porto Marghera) and Enilive service-station network.
6. Versalis petrochemicals: Eni's chemicals subsidiary (Versalis) produces petrochemicals and sustainable chemistry products from conventional and bio-based feedstocks; covered by a dedicated market presentation updated in March 2025.
7. CCUS services and CO2 storage fees: Carbon capture, utilisation and storage services sold to industrial emitters; Eni CCUS Holding received £500M+ financing to develop Liverpool Bay (4.5 Mtpa), Bacton, L10 and Ravenna projects; 49.99% of the platform sold to BlackRock-affiliated GIP.
8. Engineering, procurement and project services: EniProgetti and Eni Technology, R&D and Digital provide internal and external engineering, geosciences and digital services; Eni awards its own Eni Award for innovation and partners with universities/research centres.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core offering

Eni is an integrated energy company that explores for, develops and produces oil and natural gas across 62 countries and converts these into refined products, LNG, biofuels, petrochemicals and renewable energy sold to enterprise, government and retail customers. Through its satellite-model subsidiaries Plenitude, Enilive, Versalis, Eni CCUS Holding and the Searah JV, it distributes retail electricity and gas, biofuels and sustainable aviation fuel, sustainable chemistry, carbon capture and storage services, and is investing in magnetic confinement fusion, lithium iron phosphate batteries and HPC6/HPC7 exascale supercomputing for AI-driven geosciences.

Product overview

Eni is an integrated global energy company operating a platform-plus-modules architecture: its core upstream/oil & gas exploration and production activities are delivered directly, while several satellite businesses (Plenitude for retail/renewables, Enilive for biofuels/refining, Versalis for chemicals, EniProgetti for engineering) and dedicated technology platforms (HPC6/HPC7 supercomputing, Ecofining biofuel process, FLNG vessels like Coral South and Coral Norte, Jangkrik/Merakes gas fields, Zohr field, Sannazzaro/Porto Torres/Gela biorefineries) operate as specialized units within Eni's portfolio. The Eni Industrial Revolution venture extends into lithium iron phosphate batteries (via the Eni Storage System JV with Seri Industrial) and critical-minerals supply (via the Nouveau Monde Graphite stake), while the EnergIA generative-AI assistant is a technology layer applied across eni.com content. Together, these offerings span oil and gas (upstream and downstream), natural gas and LNG (FLNG, Mozambique, Indonesia, Venezuela), biofuels (Enilive, Ecofining, methanol/HVO), CCUS (Eni CCUS Holding), renewable energy (Plenitude), battery storage, electric mobility, magnetic confinement fusion (via Commonwealth Fusion offtake), and digital/AI (HPC supercomputers, robotics).

Differentiator

Problem solved

Functional benefit

Brands

• Plenitude: Eni's retail energy and renewables platform integrating electricity, gas and services for households and businesses; subject to €1.5 billion capital increase ahead of planned deconsolidation.
• Enilive
• Versalis
• HPC6 / HPC7
• Eni Storage System

Products and services

• Plenitude (retail energy and renewables) Plenitude is Eni's satellite retail energy and renewables platform that sells electricity, natural gas, EV charging, distributed solar and energy services to European households and small businesses via own storefronts, dealer networks and digital channels. It sponsors the Plenitude Arena (formerly Paris La Défense Arena) from July 2026.
• Enilive (biofuels and mobility) Enilive produces and markets HVO biodiesel, renewable diesel, sustainable aviation fuel (SAF) and biomethane via Eni-licensed service stations and B2B channels across Europe; KKR-led consortium holds 30% after a ~€3.6 billion transaction. Ecofining-based production assets include Venice Porto Marghera, Sannazzaro and Gela biorefineries.
• Versalis (sustainable chemistry and petrochemicals) Versalis is Eni's wholly-owned chemicals subsidiary producing petrochemicals, polymers and sustainable chemistry products from bio-based and circular feedstocks for industrial customers.
• Eni CCUS Holding (carbon capture, utilisation and storage services) Eni CCUS Holding provides carbon capture, transport and storage services to industrial emitters, leveraging Liverpool Bay (UK/HyNet), Bacton (UK), L10 (Netherlands) and Ravenna (Italy) projects. Backed by $670M+ syndicated financing and a 49.99% GIP/BlackRock stake.
• Ecofining proprietary biofuel process Ecofining is Eni's proprietary biomass-to-fuel process technology co-developed with Honeywell, converting waste fats, oils and greases into renewable diesel and sustainable aviation fuel; licensed for deployment at Eni's biorefineries and partner Acelen Renewables in Brazil.
• HPC6 and HPC7 supercomputers (Green Data Center) HPC6 and HPC7 are Eni's exascale-class supercomputers at the Green Data Center, supporting AI-driven geosciences, reservoir modelling, robotics and exploration research; ranked among the TOP500 top 10 globally as of June 2026.
• EnergIA generative-AI assistant EnergIA is Eni's on-site generative-AI chatbot embedded on eni.com, helping users navigate Eni's English and Italian corporate content using a retrieval/generative pipeline over financial documents and press releases.
• Magnetic confinement fusion offtake (with Commonwealth Fusion Systems) Eni's offtake commitment for 200 MW of power from Commonwealth Fusion Systems' first 400 MW ARC commercial magnetic confinement fusion plant, supporting Eni's pathway to net-energy fusion with first grid connection targeted in the early 2030s.
• Searah joint venture (Eni-Petronas Southeast Asia upstream) Searah is Eni's 50/50 joint venture with Petronas, combining 19 Indonesian and Malaysian upstream assets into Southeast Asia's largest independent integrated energy company, starting with combined production exceeding 300,000 boe/d and targeting 500,000 boe/d within three years.
• Eni Storage System (lithium iron phosphate battery supply chain JV) Eni Storage System is Eni's integrated lithium iron phosphate battery supply chain joint venture with Seri Industrial's FIB, building large-scale battery energy storage systems in Italy with a gigafactory targeting over 8 GWh annual capacity by 2029.
• Coral Norte FLNG (Mozambique Rovuma Venture) Coral Norte FLNG is Eni's second floating LNG facility in Mozambique's Rovuma Basin, designed to add 3.6 Mtpa of LNG capacity and double the Coral LNG hub's capacity to 7 mtpa with first production targeted 2028.
• Long-term LNG offtake agreements (Indonesia Kutei Basin) Long-term LNG supply agreements from Eni's operated Indonesia Kutei Basin gas projects (North Hub and South Hub) supplying approximately 2 mtpa through Bontang LNG facilities, advancing Eni's target of over 20 mtpa contracted LNG by 2030.
• Egypt gas sector investment program Eni's $8 billion Egypt gas investment programme following clearance of $6.1 billion IOC arrears, supporting exploration, development and production in the Mediterranean and Nile Delta (93 Tcf proven reserves).
• Argentina LNG megaproject (YPF/XRG JV) Argentina LNG is a $45 billion joint venture of YPF, Eni and XRG (ADNOC) to monetise Vaca Muerta shale gas via 18 million tons of LNG exports with first production targeted by 2031.
• Greater PAJ Project (Azule Energy JV offshore Angola) Greater PAJ is an ultra-deepwater integrated cross-block oil development offshore Angola operated by Azule Energy (Eni/BP 50/50 JV), with Saipem awarded a $1 billion contract for subsea pipelines and TechnipFMC for flexible flowlines; first oil expected H1 2029.
• Baleine Phase 3 (Côte d'Ivoire offshore expansion) Baleine Phase 3 is a $4 billion accelerated offshore oil and gas expansion in Côte d'Ivoire operated by Eni with partners Vitol and Petroci, raising oil output to 150,000 b/d and gas output to 200 MMcfd.
• Nouveau Monde Graphite investment (critical minerals supply) Eni's ~11.56% stake in Nouveau Monde Graphite (NMG) secures graphite and anode active material supply for the planned Brindisi stationary-battery gigafactory; supported by NMG Phase-2 Matawinie Mine FID in Quebec.

Quantifiable outcome

• €2.8 billion 2026 share buyback program (90% increase)
• +14 more outcomes

Named customers3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature8 records

Partnerships

26 partnerships are on record, tiered flagship, core and minor.

• YPF and XRG (Argentina LNG JV)flagshipStrategic or Co-development Partner · 23 June 2026Argentina LNG megaproject is a joint initiative of YPF, Italy's Eni and UAE's XRG (ADNOC subsidiary) to monetise Vaca Muerta shale gas reserves through LNG exports, targeting global markets by 2031. Latin America's largest project finance per JP Morgan with a $45 billion investment; includes 48-inch pipeline and 200-hectare processing plant, 18 million tons of LNG production.
• TotalEnergies, Trident Energy (Republic of Congo LNG)coreStrategic or Co-development Partner · 23 June 2026Eni's Congo LNG expansion advances alongside TotalEnergies' Moho infill drilling program and Trident Energy's asset optimisation. Policy reforms including the October 2025 Gas Code and Gas Master Plan targeting 1,500 MW by 2030 are de-risking investment. Congo LNG exports set to triple to 3 mtpa, targeting upstream oil production of 500,000 bpd. Eni's Tango FLNG at 0.6 mtpa, Nguya FLNG upcoming.
• BP (Azule Energy JV, 50:50)flagshipStrategic or Co-development Partner · 22 June 2026Through Azule Energy, a 50:50 joint venture between Eni and BP, the partners sanctioned the Greater PAJ ultra-deepwater development offshore Angola (Blocks 31 and 31/21). Saipem was awarded a $1 billion contract for engineering, fabrication, transportation and installation of 180 km of rigid pipelines at water depths up to 2,000 metres, with first oil expected H1 2029. TechnipFMC also won a $75–250 million flexible flowlines/risers contract.
• Saipem (Greater PAJ offshore contract)coreImplementation/ SI/ Consulting Partner · 22 June 2026Saipem secured a $1 billion offshore contract from Azule Energy (Eni/BP JV) for the Greater PAJ development offshore Angola, covering engineering, fabrication, transportation and installation of subsea infrastructure including 180 km of rigid pipelines at water depths up to 2,000 metres. Fabrication at Saipem's Ambriz yard; estimated 40-month project duration.
• Honeywell (Ecofining technology co-developer)coreTechnology or Integration · 19 June 2026Honeywell announced its modular Ecofining process technology and automation systems will be deployed in Acelen Renewables' Bahia, Brazil renewable fuels project. The technology was developed jointly with Eni and converts waste fats, oils and greases into renewable fuels cutting greenhouse gas emissions by up to 80%.
• Repsol, Turkish Petroleum, QatarEnergy, MOL (Libya 2025 bid round)coreStrategic or Co-development Partner · 19 June 2026Libya's National Oil Corporation formally signed exploration and production-sharing agreements with international companies including Eni from its 2025 bid round — Libya's first major licensing push in 17 years. Eni was also awarded exploration licences in Syria Block 9 alongside Chevron, ConocoPhillips, TotalEnergies and QatarEnergy.
• Egypt government, Shell, BP, Chevron (Egypt gas sector)flagshipStrategic or Co-development Partner · 16 June 2026Following clearance of nearly $6.1 billion in arrears to international oil companies, Eni announced an $8 billion investment plan and BP a $5 billion exploration framework for Egypt's gas sector. The settlement enabled new investment in Egypt's Mediterranean and Nile Delta regions (93 Tcf proven reserves). Eni's discoveries include Zohr field, Bastan South 1X (~330 Bcf gas, 10 MMbbl condensate) and Nidoco N-2 (~50 MMcfd gas).
• Italian Agency for Development Cooperation (AICS) — GhanaminorStrategic or Co-development Partner · 16 June 2026Eni Ghana and AICS signed Letter of Intent to explore collaboration on sustainable development in Ghana covering education, agriculture, health and food security. Eni has operated in Ghana since 2009 producing approximately 40,000 boe/d. Ghana designated priority country under Italy's development cooperation since 2024.
• Canada / Nouveau Monde Graphite / Critical Minerals Production AlliancecoreStrategic or Co-development Partner · 16 June 2026At G7 summit, Italian PM Meloni and Canadian PM Carney agreed on critical minerals cooperation, with Italian energy company Eni investing nearly USD 100 million / C$100 million to procure Canadian graphite from Nouveau Monde Graphite's Matawinie Mine in Quebec. Italy entered the Critical Minerals Production Alliance.
• Plenitude Arena (Paris La Défense Arena naming rights)minorGTM or Marketing Partner · 16 June 2026Paris La Défense Arena, Europe's largest indoor venue, renamed Plenitude Arena effective July 1st, 2026 following a sponsorship agreement with Plenitude (Eni subsidiary). Venue has attracted over 7 million spectators since its 2017 inauguration.
• Gasunie, EBN, OGE, Shell, TotalEnergies (Delta Rhine Corridor / Northwest European CO2 network)coreStrategic or Co-development Partner · 12 June 2026Consortium signed MoU to advance a cross-border carbon dioxide transport network linking Germany's North Rhine-Westphalia industrial clusters to offshore CO2 storage sites in the Dutch North Sea, as part of an integrated Northwest European CO2 value chain (Delta Rhine Corridor).
• The Gambia government (Block A1 offshore)minorStrategic or Co-development Partner · 12 June 2026Eni entered offshore Block A1 in The Gambia — renewed exploration push in Africa's smallest mainland nation. Block previously abandoned by BP without commercial discoveries. Industry observers see Eni's involvement as potential turning point for Gambia's long-elusive oil ambitions.
• Tecnopolo di Bologna, ICSC ecosystem (Italy supercomputing)coreTechnology or Integration · 11 June 2026Italian national research ecosystem for high-performance computing, big data and quantum computing. The Tecnopolo Bologna Technology Park deployed five new systems (LISA, MARCO POLO, GAIA, NOX, SOL) to enhance the Leonardo supercomputer, with €86 million total investment and €49 million funded by Italy's NRRP/PNRR.
• Commonwealth Fusion Systems (CFS)flagshipStrategic or Co-development Partner · 10 June 2026Eni committed over $1 billion through an offtake agreement with CFS for the first 400 MW ARC commercial fusion power plant in Chesterfield County, Virginia. Google separately signed a power purchase agreement for 200 MW from the same plant. Eni participated in EniNext Technology Showcase — CFS section. SPARC demonstration machine is over 75% complete, targeting net energy gain late 2027 and commercial deployment early 2030s.
• Technip Energies, JGC, Samsung Heavy Industries (Coral Norte FLNG consortium)coreTechnology or Integration · 8 June 2026EPCIC consortium awarded contract by Mozambique Rovuma Venture (Eni-operated JV with CNPC, ENH, XRG, KOGAS) for Coral Norte FLNG in the Rovuma Basin. The facility is designed to produce ~3.6 Mtpa LNG, doubling Coral hub capacity to 7 mtpa, with first production targeted 2028. MODEC also contracted to supply the SOFEC internal turret mooring system. Contract value above €1 billion for Technip Energies.
• BlackRock Global Infrastructure Partners (GIP)flagshipStrategic or Co-development Partner · 5 June 2026GIP entered a definitive agreement to acquire a 49.99% stake in Eni CCUS Holding, Eni's dedicated carbon capture, utilisation and storage platform. The platform includes the Liverpool Bay and Bacton projects (UK), the L10 project (Netherlands), and an option to participate in the Ravenna CCS project (Italy). Target: decarbonisation of industrial clusters; Eni and GIP secured over $670 million (£500M+) in financing from 13 international lenders to support Liverpool Bay CCS.
• CCSA and 50 industry stakeholders (CCUS EU-UK ETS linkage)minorGTM or Marketing Partner · 5 June 2026Carbon Capture and Storage Association (CCSA) and 50 industry stakeholders, including Eni, Drax, ENGIE, Worley, Nuada, Holcim, Northern Endurance Partnership and MOL Group, issued an open letter urging the European Commission and UK Government to provide regulatory clarity for cross-border CCUS projects ahead of the next EU-UK Summit.
• Seri Industrial (FIB) — Eni Storage System JVcoreStrategic or Co-development Partner · 1 June 2026Eni Industrial Revolution signed agreement with FIB (Seri Industrial subsidiary) to jointly develop an integrated lithium iron phosphate battery supply chain in Italy. JV (Eni Storage System S.p.A.) holds 30% Eni (€55 million), 70% FIB; targets assembly line for large-scale BESS by mid-2027 and second gigafactory by 2029 with 8+ GWh annual capacity, capturing >10% of European stationary battery market.
• NNPC, Shell, TotalEnergies (Nigeria NLNG Train 7)coreStrategic or Co-development Partner · 31 May 2026Nigeria's $5 billion NLNG Train 7 project (FID December 2019) reached 92% completion, entered pre-commissioning. When complete, will increase NLNG production capacity from 22 to 30 MTPA. Eni is one of the shareholders alongside NNPC, Shell and TotalEnergies.
• Vitol and Petroci (Baleine Phase 3, Côte d'Ivoire)coreStrategic or Co-development Partner · 25 May 2026Eni and joint-venture partners Vitol Group and state-owned Petroci took final investment decision on Baleine Phase 3, an accelerated $4 billion expansion of the offshore oil and gas project in Ivory Coast. The expansion will increase oil production to 150,000 bpd from 60,000 and gas from 80 to 200 MMcfd; all gas allocated to domestic market.
• Petronas (Searah JV)flagshipStrategic or Co-development Partner · 24 May 2026Eni and Petronas officially launched Searah, a 50:50 joint venture combining 19 upstream oil and gas assets across Indonesia and Malaysia, forming Southeast Asia's largest independent integrated energy company. The JV starts with combined production exceeding 300,000 boe/d and targets 500,000 boe/d within three years. Backed by a $6 billion revolving credit facility and a planned $20+ billion investment pipeline over five years to develop more than 3 billion boe of discovered resources. Operations commenced 1 July 2026.
• ONE-Dyas (Dutch North Sea)minorStrategic or Co-development Partner · 18 May 2026ONE-Dyas and Eni expanding offshore drilling in the Dutch North Sea. ONE-Dyas' N05-A platform's second production well came online in April 2026 raising annual gas output to ~1 Bcm, supplying 7% of Netherlands' and 2.5% of Germany's gas demand. Eni completed drilling the L10-M4 (Malachite) well, testing at 14.5 MMcfd. Both operators plan additional drilling campaigns through late 2026.
• MGX and G42 (UAE data centres)coreStrategic or Co-development Partner · 15 May 2026At the Investopia international investment forum in Milan, Italy-UAE bilateral agreements include data centre partnerships between MGX and G42 with Eni for 1-gigawatt facilities. The $40 billion UAE-Italy investment partnership covers energy, AI, space and critical minerals.
• Nouveau Monde Graphite (NMG)flagshipStrategic or Co-development Partner · 15 May 2026Eni completed a $70 million investment acquiring an ~11.56% stake in NMG as part of a $309.5 million equity financing (alongside Canada Growth Fund and Investissement Québec). The investment secures access to graphite and anode active material for Eni's planned lithium stationary battery gigafactory in Brindisi, Italy. NMG confirmed FID for Phase-2 Matawinie Mine.
• PDVSA (Venezuela — Junin-5 and Perla)flagshipStrategic or Co-development Partner · 4 May 2026Eni signed an agreement with Venezuela's Ministry of Hydrocarbons and state-run PDVSA to relaunch hydrocarbon activities at Junin-5 heavy oil field in Orinoco Belt (35 billion barrels certified oil in place; PDVSA 60%, Eni 40%). Eni restarted lifting Venezuelan crude oil in April 2025 as payment-in-kind for gas; had $3.3 billion owed by PDVSA at end of last year. Eni operates in Venezuela since 1998 with 2025 production of 64,000 boe/d primarily from the Perla gas field.
• Repsol (Cardón IV gas JV)coreStrategic or Co-development Partner · 28 April 2026Eni and Repsol operate the Cardón IV gas field JV offshore Venezuela and plan to increase production from ~580 MMcfd to 645 MMcfd. Both companies obtained OFAC licenses to operate in Venezuela. Combined with Eni's Junin-5 agreement with PDVSA (60% PDVSA / 40% Eni) covering 35 billion barrels of certified oil in place.

Scale indicators25 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Shell plc: Global integrated oil and gas major with comparable upstream, LNG, refining, biofuels, EV charging and renewables footprints; closest direct competitor to Eni across integrated energy value chain.
• BP plc: Integrated oil and gas major and direct JV partner through Azule Energy; operates comparable LNG, biofuels, EV charging and convenience retail platform (Castrol/ampp).
• TotalEnergies SE: European integrated oil and gas major with overlapping LNG, Mozambique/Congo, CCUS (Delta Rhine Corridor partner), biofuels and renewables strategy; co-bidder across multiple licensing rounds.
• Repsol SA: Spain-based integrated oil and gas major; JV partner with Eni in Cardón IV (Venezuela) and co-bidder in Libya's 2025 licensing round; comparable downstream and renewables footprint.
• Equinor ASA: Norway-headquartered integrated energy major with strong upstream gas portfolio; comparable in technology-led exploration (supercomputing/AI) and gas-weighted value chain emphasis.

Broad incumbents

• ExxonMobil Corporation: Largest U.S. integrated supermajor with global upstream, LNG, refining and petrochemicals; broader portfolio scale but a key competitor in LNG offtake, Mozambique, and CCUS partnerships.
• Chevron Corporation: U.S. integrated oil major with comparable LNG, exploration and Venezuela licence footprint; broader scale, less direct overlap on satellite-model retail and biofuels platforms.

Regional players

• OMV AG: Austria-headquartered integrated energy company with refining, gas, petrochemicals (Borealis) and renewables; comparable European mid-cap integrated model, though smaller in scale than Eni.

Emerging players

• Neste Oyj: Finnish leader in renewable diesel and SAF (NEXBTL) — most direct competitor to Eni's Enilive/Ecofining biofuels franchise; comparable technology platform and feedstock sourcing exposure.

Others

• Saipem SpA: Italian oilfield services and engineering contractor; awarded $1B Greater PAJ subsea contract from Azule Energy (Eni/BP JV); key execution partner across Eni's offshore project pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/eni
• YouTubeyoutube.com/user/enivideochannel
• Facebookfacebook.com/EniItalia
• LinkedInlinkedin.com/company/eni
• Instagraminstagram.com/eni

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries11 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eni