Eni in numbers

1. FACT SHEET
(1) calculated on Eni avg share price in Dec 2013
(2) Peer Group: BP, Chevron, Conoco, Exxon, Shell, Total
WHO WE ARE
INVESTMENT CASE
DIVIDEND (€/SHARE) AND DIVIDEND YIELD(1)
(%) SHARE PERFORMANCE Q4 2013(€)
Last update March 2014 pag. 1
Exploration & Production Gas & Power Refining & Marketing
Italian Gov30 % Market70 %
Engineering & Construction
(Saipem)
43 % Chemicals (Versalis)100 %
Major equity
holdings
Snam 8 %
Galp 16 %
Eni is one of the largest integrated energy com-
panies in the world, operating in the sectors of
oil and gas exploration & production, international gas
transportation and marketing, power generation, re-
fining and marketing, chemicals and oilfield services.
Eni is active in 90 countries with 78,000
employees.
Our commitment to sustainable development means
that we grow and retain our people, contribute to
the development and wellbeing of the communities in
which we operate, protect the environment, and in-
vest in technological innovation and energy efficiency,
mitigating the risks of climate change.
eni.com
FTMIB: ENI US ADR: E
Unbeatable exploration success
Between 2008 and 2013, Eni has discovered over 9.5 billion boe, equivalent to 2.5 times its production over the same period. The average exploration
cost was 1.2$/boe. Just in 2013, 1.8 billion boe of resources, with new well in Mozambique, Angola, Norway, Ghana and Congo. These discoveries
will fuel future growth and accelerate cash generation through the dilution of shares in the discoveries in which Eni holds a large working interest.
In the next four years, Eni’s target is to discover an additional 3.2 billion boe at a unit cost of 2.2 dollars.
Production growth resulting in strong cash generation
The E&P portfolio is mainly composed of conventional assets with low costs and high profitability. Cash flow per barrel was 30 dollars in 2013 and will
rise in the coming years thanks to the growing contribution of oil vs gas in our production mix (from 52% in 2013 to 57% in 2017). Eni’s production
will grow by 3% per annum in the 2014-17 period and 4% per annum in the long run. Volume growth will be accompanied by an even stronger cash
generation, which will increase by 5% per year, given our scenario assumptions. Over the plan period, 26 start-ups will contribute over 500 kboe per
day, with an additional 200 kboe per day will come from ramp-ups currently underway.
Return to profitability of the G&P, R&M and Chemicals businesses
Eni holds a leading position in the European gas sector, where it sells over 80 billion cubic metres a year, and it has begun a transformation process
of its midstream activities, with supply contract renegotiations, transport capacity reductions and a focus on high value segments (LNG, trading and
retail). Capacity cuts are ongoing also in the refining business, with an additional 23% planned in the next few years, on top of the 13% reduction
already delivered in recent times. Versalis is reconverting the Porto Torres and Porto Marghera sites into “green” chemical plants and is expanding
its international footprint with joint ventures in Asia. Collectively, the mid and downstream businesses will return to profitability in 2015-16 and will
contribute 3 billion euro in operating cash flow over the course of the plan.
Portofolio flexibility and additional cash generation
In 2012-13, Eni has completed divestments totaling 13 billion euro and has deconsolidated over 12 billion euro related to Snam’s debt. The sales did
not meaningfully impact long term production prospects and helped reduce exposure to exploration assets or non-core holdings.
Over the course of the plan, Eni will complete an additional 9 billion euro in divestments, with the sale of the residual shares in Snam and Galp as well
as the dilution of large stakes in exploration successes.
Progessive dividends and buyback
Eni has a generous distribution policy. 2013 dividend was 1.10 euro per share; a 1.12 euro per share dividend has been proposed for 2014, a
1.8% increase over the previous year. Dividend yield is 6.6%. at the same, Eni has launched a buy back program: a flexible tool that will support
the remuneration policy over the coming years, with the target or repurchasing up to 10% of outstanding shares.
Leader in sustainability
Eni is a leader in the FTSE4Good and Dow Jones sustainability indices
Dividend Dividend Yeld
Proposed
0.0
1%
0%
0.2
2%
0.4
3%
0.6
4%
0.8
5%
1.0
6%
1.2 7%
1.4 8%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Sep-13 Oct-13 Dec-13
Peer group(2) FTMIBENI

2. ENI IN NUMBERS
Production of oil and natural gas (kboe/d)
Eni adj. operating profit (€ million)
Eni adj. net profit (€ million)
Capital expenditure (€ million)
Net cash flow from operations ( € million)
Net debt (€ million)
Leverage
1,769
13,122
5,207
13,695
11,136
23,055
0.46
1,815
17,304
6,869
13,870
14,694
26,119
0.47
1,581
17,974
6,969
13,438
14,382
28,032
0.46
1,701
19,010
7,130
12,761
12,356
15,511
0.25
Eni spa Investor Relations - Piazza Vanoni, 1 - 20097 San Donato Milanese (MI) Italy
Telephone: +39 02 52 05 16 51 Fax: +39 02 52 03 19 29 Email: investor.relations@eni.com Website: www.eni.com
LATEST ANNOUNCEMENTS AND ACCOMPLISHMENTS
CONTACTS
G&P is engaged in all phases of the
gas value chain: supply, trading and
marketing of gas and electricity, gas
infrastructures, and LNG supply and
marketing. Eni sells more than 60%
of its gas outside Italy and its
leading position in the European gas
market is supported by competitive
advantages, including its multicountry
approach, long-term gas availability,
access to infrastructure, market
knowledge, wide product range and
strong customer base.
R&M refines and markets fuels and
other oil products primarily in Italy
and Central-Eastern European countries.
Our R&M division is relatively small
compared to the R&M segment of
our peers. Eni is the largest refiner
in Italy and the leading operator in
retail marketing of fuels with a market
share of around 30%.
Eni’s strategy in R&M is to cut costs
and enhance margins to return to
profitability.
E&P is our main division. It is currently present in 43 coun-
tries and is focused on finding and producing oil and gas.
Eni’s strategy is to deliver organic production growth with
increasing returns over the medium to long term, leveraging
on a high-quality portfolio of assets, exposure to competi-
tive giant projects and long-standing relationships with host
countries. Our strategy combines geographical diversifica-
tion with scale benefits and project synergies. More than 75%
of our production will come from either onshore or shallow
water, with a positive impact in terms of risks and operat-
ing costs.
Main projects start up
€ -0.66 B adj operating profit
€ 0.23 B capex
93 bcm gas sold worldwide
35 Twh electricity sold
10 million customers in
Europe, of which 8 in Italy
€ -0.48 B adj operating profit
€ 0.62 B capex
787 kbbl/d capacity
27.4 Mtonnes throughput
6,400 fuel stations
1.62 Mboe/d of production
7.2 mmboe proved reserves
105% organic reserve replacement ratio
€ 14.6 B adj operating profit
€ 10.5 B capex
2009 2010 2011 2012(1)
2013
eni.com
FTMIB: ENI US ADR: E
2013 HIGHLIGHTS 2013 HIGHLIGHTS
2013 HIGHLIGHTS
EXPLORATION AND PRODUCTION
GAS & POWER REFINING & MARKETING
(1) Following the announcement of Snam divestment, figures are represented as continuing operations
FACT SHEET
Last update March 2014 pag. 2
2014 - Eni 2014 - 2017 Strategic Plan
2014 - Eni announces results for the fourth quarter and the full year 2013
2014 - Eni: important new discovery in offshore Congo
2014 - Eni: Financial Calendar 2014
2014 - Eni successfully launched fixed rate bond
2014 - Sale of Eni stake in Severenergia to Novatek and GazpromNeft was finalized
2014 - Eni starts its share buyback programme
2013 - Eni and Transparency International sign collaborative agreement on new anti-corruption tool
2013 - Eni makes a new offshore oil and gas discovery in the Norwegian Barents Sea
2013 - Lotte Versalis Elastomers, a joint venture to target Asian growth in the elastomers market
• 13 February
• 13 February
• 13 February
• 23 January
• 22 January
• 15 January
• 03 Janary
• 19 December
• 09 December
• 08 November
1,619
12,620
4,433
12,750
10,969
15,428
0.25
2014-2015 2016-2017
Mafumeira Sul
15/06 West Hub
Kizomba Sat. Ph.2
Litchendjili gas
CAFC oil
Asgard Mikkel
Eldfisk II Ph.1
West Franklin Ph. 2
Goliat
Perla EP
Junin 5 EP
Perla FF
Hadrian South
Longhorn Ph.3
Lucius
Heidelberg
Jangkrik
Wafa
compression
Bonaccia NW
15/06 East Hub