Financial Data and Key Metrics Changes - Eni's adjusted EBIT for Q1 2021 was €1.3 billion, flat compared to Q1 2020, but 2.7 times higher than the previous quarter [5] - Adjusted net profit was €0.27, five times higher than Q1 2020 [5] - Cash flow from operations (CFFO) was €1.96 billion, exceeding capital expenditures (CapEx) of €1.4 billion, maintaining leverage flat at 31% [10][20] Business Line Data and Key Metrics Changes - Upstream production was 1.7 million barrels per day, 5% lower than last year, with a steady gas profile [6] - Downstream was negatively impacted by refining margins and lower volumes due to lockdowns, with a negative margin of $0.6 per barrel [8][18] - Chemicals segment delivered its best results since 2018, driven by polyethylene and styrene demand [9][18] Market Data and Key Metrics Changes - Brent price increased by 11% in euro compared to Q1 2020, with global oil demand rebounding to around 95 million barrels per day [2] - Gas prices increased, but the spread between PSV and TTF remained low due to new supply sources in Italy and increased demand in Europe and the Far East [4] Company Strategy and Development Direction - Eni is focusing on expanding its retail renewable businesses, entering the Spanish market and acquiring a 20% stake in Dogger Bank, its first offshore wind project in the UK [8][21] - The company aims to decarbonize its domestic clients and has set ambitious renewable capacity targets, expecting to reach over 1 gigawatt by the end of 2021 and 15 gigawatts by 2030 [26][27] Management's Comments on Operating Environment and Future Outlook - Management noted a mixed recovery environment, with strong rebounds in chemicals and oil but ongoing challenges in downstream and gas businesses [3][4] - Future cash flow from operations is expected to exceed €9 billion at a Brent price of around $60 per barrel, covering CapEx of almost €6 billion [20] Other Important Information - Eni's new Biomass Treatment Unit in Gela aims to achieve 100% waste and residue feedstock by 2023 [9] - The company is exploring various options for its retail renewable business, including a potential IPO [30] Q&A Session Summary Question: Eni gas e luce's global strategy - Management clarified that Eni gas e luce is primarily focused on decarbonizing domestic clients, with potential opportunities in OECD markets [33][34] Question: Exploration success and development acceleration - Management confirmed that exploration is targeted near existing infrastructure to accelerate production [36] Question: Tax rate and renewable pipeline - Management explained the higher tax rate due to poor performance in certain segments and provided updates on renewable capacity growth [61][65] Question: Impact of new hydrocarbon law in Mexico - Management stated that current projects in Mexico are not expected to be affected by the new law [72][74] Question: Global gas and LNG business profitability - Management discussed the challenges in the gas business due to renegotiations and market spreads [76] Question: Cash flows from new projects - Management provided insights on cash flows from various projects, indicating they are in line with expectations [84][88]

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 20-F (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...

Eni S.p.A. (NYSE:E) Q4 2020 Results Earnings Conference Call February 19, 2021 8:00 AM ET Company Participants Claudio Descalzi - Chief Executive Officer Francesco Gattei - Chief Financial Officer Alessandro Puliti - Chief Operating Officer, Natural Resources Giuseppe Ricci - Chief Operating Officer, Energy Evolution Conference Call Participants Michele Della Vigna - Goldman Sachs Mehdi Ennebati - Bank of America Merrill Lynch Alessandro Pozzi - Mediobanca Irene Himona - Société Générale Thomas Adolff - Cre ...

Eni S.p.A. (NYSE:E) Q3 2020 Earnings Conference Call October 28, 2020 10:00 AM ET Company Participants Francesco Gattei - CFO Alessandro Puliti - COO, Natural Resources Giuseppe Ricci - Deputy of COO, Energy Evolution Cristian Signoretto - Deputy of COO, Natural Resources Massimo Mondazzi - COO Energy Evolution Conference Call Participants Michele Della Vigna - Goldman Sachs Oswald Clint - Bernstein Jon Rigby - UBS Group AG Irene Himona - Societe Generale Massimo Bonisoli - Equita Martijn Rats - Morgan Stan ...

Eni S.p.A. (NYSE:E) Q2 2020 Earnings Conference Call July 30, 2020 3:00 AM ET Company Participants Claudio Descalzi - Chief Executive Officer Massimo Mondazzi - Chief Operating Officer Energy Evolution, Chief Financial Officer Giuseppe Ricci - Deputy of Chief Operating Officer Energy Evolution Alessandro Puliti - Chief Operating Officer Natural Resources Cristian Signoretto - Deputy of Chief Operating Officer Natural Resources Conference Call Participants Oswald Clint - Sanford C. Bernstein & Co., LLC Alast ...

Eni S.p.A. (NYSE:E) Q1 2020 Earnings Conference Call April 24, 2020 6:00 AM ET Company Participants Claudio Descalzi – Chief Executive Officer and General Manager Alessandro Puliti – Chief Upstream Officer Massimo Mantovani – Former Chief-Gas & LNG Marketing and Power Officer Cristian Signoretto – Chief-Gas & Lng Marketing and Power Officer Giuseppe Ricci – Chief Refining & Marketing Officer Conference Call Participants Oswald Clint – Bernstein Michele Della Vigna – Goldman Sachs Alessandro Pozzi – Medioban ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 20-F (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...

Eni S.p.A.(NYSE:E) Q4 2019 Earnings Conference Call February 28, 2020 5:00 AM ET Company Participants Claudio Descalzi – Chief Executive Officer Massimo Mondazzi – Cheif Financial Officer Luca Cosentino – Executive Vice President of Energy Solutions Department Daniele Ferrari – Chief Executive Officer of Versalis Alberto Chiarini – Chief Executive Officer of Eni gas e luce SpA Conference Call Participants Oswald Clint – Bernstein Alessandro Pozzi – Mediobanca Jason Gammel – Jefferies Alastair Syme – Citi Ma ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 20-F (Mark One) OR ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ☐ SHELL COMPANY REPORT PURSUANT TO SECTION ...