Management Review

Welcome to Eni Petroleum

New Hire Orientation

Human Resources – 2019/2020

Welcome!

Eni: an Italian company with a worldwide presence

We are one of the global oil and gas super-players, operating in 67 countries worldwide and

employing more than 30,000 people. We are committed to building our leadership position in the

United States O&G Exploration and Production by empowering our employees to be the best in the

business. In pursuit of this goal, we will always act with integrity and operate safely and responsibly.

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"We are an energy company. We concretely support a just energy transition, with the objective

of preserving our planet and promoting an efficient and sustainable access to energy for all.

Our work is based on passion and innovation, on our unique strengths and skills,

on the equal dignity of each person, recognizing diversity as a key value for human

development, on the responsibility, integrity and transparency of our actions. We believe in the

value of long term partnerships with the countries and communities where we operate, bringing

long-lasting prosperity for all."

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Eni’s mission integrates sustainability into its business

https://sustainabledevelopment.un.org/sdgs

Our vision targets long-term value

Our values

Our focus on people-centred sustainability and innovation allows us to harness ideas, skills and passion to create long-lasting growth.

Safety: We work and live safely

Integrity: We honor our commitments, and expect others to do the same.

Respect: We seek first to understand, then to be understood.

Communication: We share our knowledge and expertise with each other.

Excellence: We demand the best of ourselves, our contractors and our business partners

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We are an energy company

A global supermajor operating in 67 countries around the globe with ̴ 32k employees and a market capitalization of ̴USD 58 billion 1

Upstream

Mid-Downstream

Financials

FY 2018

FY 2018

FY 2018

 Net sales € 75.8 bln  CFFO € 13.7 bln  Adj. EBIT € 11.2 bln  Capex and investments € 9.4 bln 3  Disposals € 1.2 bln 4  Gearing 14% / Leverage 0.16  Net Debt / Adj. EBITDA 0.5

 77 bcm gas sold worldwide  37 TWh electricity sold  23 Mton refinery throughput  4.9 Mt sales chemical products  Adj. EBIT € 0.9 bln 2

 Production 1.85 Mboe/d  Proved reserves 7.2 bln boe  3Y average organic RRR 131%  Adj. EBIT € 10.8 bln

1 Listed on the Milan & New York Stock Exchanges. Mkt Cap as of July 22, 2019. 2 Adj. EBIT of the G&P, R&M and Chemicals 3 Net Capex €7.9 bln, net of the entry bonus relating to two Concession Agreements acquired in the UAE and of the share of 2018 development capex related to the share of 10% in Zohr, reimbursed to Eni by the buyer at the closing of the disposal. 4 Disposal of consolidated subsidiaries, businesses, tangible and intangible assets and investments

Global Exploration

UK Norway

Egypt Cyprus Libya Algeria

US Alaska

Middle East

Mexico

Pakistan

Ghana & Ivory Coast

Vietnam Indonesia

Angola

Mozambique

Risked Exploration potential

CURRENT NET ACREAGE +37% vs 2014

Resources to discover

UEC ~ $ 1.6 /boe 2.5 bln boe

thousands km 2 >460

>140 WELLS IN THE 4YP

Eni’s 4 year guidance

1.87 - 1.88 mboed

Production

700 mln boe

EXP discoveries

G&P EBIT

€ 0.6 bln

R&M EBIT

€ 0.4 bln

~ € 12.8 bln

CFFO

CAPEX

< € 8 bln

CFFO (pre working capital & IFRS 16 and at replacement cost) at 2019 scenario: Brent $ 62 /bl, Italian gas price (PSV) € 266 /kcm, $/€ exchange rate 1.15

Eni’s operational model

EFFICIENCY

INTEGRATION

EFFICIENCY TECHNOLOGY DEPLOYMENT

INTEGRATION

UPSTREAM ORGANIC GROWTH

LNG

DOWNSTREAM EXPANSION TECHNOLOGY DEPLOYMENT

CIRCULAR ECONOMY

RENEWABLES

STRATEGY FOR DECARBONIZATION

CAPITAL DISCIPLINE

STRATEGY FOR DECARBONISATION

CAPITAL DISCIPLINE

Our commitment towards sustainability

UPSTREAM NET ZERO EMISSIONS BY 2030

TOOLS

Growth in zero carbon sources

Forestry projects

Growing share of gas

Increased efficiency

Circular approach

CCUS

NEW TECHNOLOGIES

Creating value across the globe

Eni’s people

Our people are an essential and fundamental element of all our activities. It is only because of their dedication that we can achieve our business goals.

Being Part of Eni

Our real energy comes from our people; the factor that allows us to maintain our level of excellence and face our business challenges. People who become part of the Eni team are given the opportunity to:

• Everyone at Eni has the opportunity to access training of the highest standard

Professional Growth

• Enable our people ti grow professionally, allowing employees to become the architects of their own success.

• Invest in facilities and the latest technology throughout our business.

Cutting-edge Work

• It is important that our employees have the opportunity to develop their knowledge and cutting-edge skills.

• Eni has always focused on ambitious projects, extracting energy at depths never reached before.

Toughest challenges

• Often our work is found in extreme conditions, yet, we always maintaining compliance with the highest environmental standards.

• The value of our rewards for commitment and success is as high as our expectations and standards.

• This enables us to attract and retain some of the best talent in the industry.

Recognition

Mission: Eni’s Actions and Commitments for a Sustainable Development

Orientation Dashboard

ADDITIONAL RESOURCES

OBJECTIVES

Company overview, Eni Petroleum’s leadership team and structure, and workplace culture

Our products and services and where Eni Petroleum operates

Discover how to set-up your workstation, computer, benefits, email, etc.

Documents Links

E-Books Videos

Begin to plan for your next 30 days!

CONTACT INFO

US Operating Overview

Leadership

Culture of safety

Getting started

Benefits & Payroll Email Phone Number

ICT Helpdesk Email Phone Number

TBD Email

Human Resources Email

FOUR

THREE

TWO

ONE

US Operating Overview

Upstream

Refining & Marketing

Trading & Shipping

 Eni has been present in the United States since 1968.

 Eni North America operates in the areas of direct and indirect channels in the lubricants marketplace. Eni products are manufactured in Cabot, Pennsylvania and are sold through the distribution and direct sales in the following markets: 

 Eni Trading & Shipping Inc. (ETS) operates in the activities of domestic crude marketing and trading, international crude cargo marketing and trading of refined products and components.



Activities are performed in the Gulf of Mexico, Alaska, and in Texas onshore



Over a developed and undeveloped acreage of 3,122 square kilometers (2,191 square kilometers net to Eni).

 The commodity trading group is active in:

 Domestic crude marketing and trading

• Deep water exploration and production in the Gulf of Mexico

 International crude cargo marketing



Automotive



Trading of refined products and components

• Fort Worth, Texas Basin



Heavy duty metals

• E&P in Alaska (N. Slope)

 NY Harbor storage infrastructure to blend gasoline components



Industrial manufacturing



Metalworking

We have been in the country since 1968, in the Gulf of Mexico, Alaska and onshore in Texas. Our activities on the American continent are concentrated on exploration and development activities, as well as refining and technological research projects in collaboration with MIT.

COMPANY OVERVIEW

Department organizational structure

CEO

HRO & Services (N.A)

Finance & Control

Land & Business Development

Technical Services

Commercial Marketing

Investor Relations

General Counsel

Procurement

HSEQ

Exploration

ORGANIZATIONAL STRUCTURE

Slide title

Eni is committed to spreading a culture of safety as an essential element of operations. We do this through projects that encourage safe and healthy working environments.

Our commitment is to operate on some key levers, in particular:

 Act on behaviors;

 Eliminate bad habits and promote good practices ;  Motivate to safety , providing the example thanks to management commitment.

CULTURE OF SAFETY

New hire checklist

 Employee checklist

• Departmental orientation & assimilation partner • Review job role and responsibilities • Orientation to the local network/network access and share drives

• Computer access: logon/logoff • Map out the lay of the land (tour) • Transportation & Parkin

GETTING STARTED

Documents

• Handbook For Personnel • Model 231 and Code of Ethics • Employee Training and Development Procedure

• Human Resources MSG • International Mobility

Links

• My Eni (company intranet) • Meritain Health Benefits • Kronos (Timesheet and vaction request) • SAP Concur • ADP Employee Site

Resources

• Code of Ethics • Eni's Statement on Respect for Human Rights • Model 231 • Management and Organizaion Systems • Regulatory Systems and Maps

Videos

• Eni Media Page • Stakeholder value through the energy transition • EniPeople and HPC4 • We are Eni - New Mission • Eni in a day - take a look inside Eni