Management Review

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