Eni S.p.A. - Statistics & Facts

In 1953, Eni S.p.A. was established by law from the existing company Agip, which was dedicated to oil exploration and the commercialization of oil and its derivatives. Originally, the name “ENI” stood for “Ente Nazionale Idrocarburi” (national hydrocarbons authority). Since then, Eni has become Italy’s largest industrial company and has operations in more than 70 countries around the world. The company is headquartered in Rome, Italy. The oil and gas company is one of Italy’s most highly valued companies and brands, and as of 2019, was 30.1 percent owned by the Italian government.

Since its establishment, Eni S.p.A. has broadened its operations to include nuclear energy, contracting, mining, natural gas and power, refining and marketing for petrochemical products, and more. Eni S.p.A relies heavily on its exploration and production operations, although refining and marketing contribute extensively to their net revenues as well. The company produces large volumes of hydrocarbons in its oil field areas that include facilities in Africa, Venezuela, Kazakhstan, and Iraq. Approximately half of Eni S.p.A’s gas revenues are generated within Italy. The company also has subsidiaries in the United Kingdom and India as well as Versalis, a chemical company that produces various petrochemical products. However, the volume of Eni S.p.A’s refinery throughputs has been declining in recent years.

Eni employs nearly 32 thousand people around the world. The company’s net income was 4.13 billion euros in 2018. However, the company held a total of 118.4 billion euros in assets in 2018. Since 2007, Eni has been included in the Dow Jones Sustainability World Index, however, oil spills such as the one near Nigeria’s Brass facility in 2013 are still detrimental to the environment.

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Eni S.p.A.

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