Eni S.p.A. (NYSE:E) Q2 2023 Earnings Conference Call July 28, 2023 8:00 AM ET Claudio Descalzi – Chief Executive Officer Cristian Signoretto – Deputy Chief Operating Officer-Natural Resources Conference Call Participants Oswald Clint – Bernstein Alastair Syme – Citi Henri Patricot – UBS Martijn Rats – Morgan Stanley Bertrand Hodee – Kepler Cheuvreux Operator Company Participants Guido Brusco – Chief Operating Officer-Natural Resources Francesco Gattei – Chief Financial Officer Biraj Borkhataria – RBC Alessa ...

Baleine FPSO in Côte d'Ivoire 2 This document contains forward-looking statements regarding future events and the future results of Eni that are based on current expectations, estimates, forecasts, and projections about the industries in which Eni operates and the beliefs and assumptions of the management of Eni. In addition, Eni's management may make forwardlooking statements orally to analysts, investors, representatives of the media and others. In particular, among other statements, certain statements wi ...

Financial Data and Key Metrics Changes - Adjusted net profit increased by 17% quarter-over-quarter to €2.9 billion despite an 8% decline in oil prices and a significant drop in gas prices [10] - Cash flow from operations was notably strong at €5.3 billion, only 6% lower year-on-year and nearly 30% higher compared to the last quarter of 2022 [20] - Net debt remained flat at a historically low level, indicating financial resilience and flexibility [12] Business Line Data and Key Metrics Changes - The upstream segment showed resilient profitability, with production flat year-on-year but up 2.4% sequentially, aligning with guidance for 2023 [22][23] - GGP (Gas and Power) achieved record EBIT, benefiting from market volatility and strong performance despite lower gas prices [63] - Downstream performance was impacted by high levels of planned refinery maintenance, but sustainable mobility and trading contributed positively [54] Market Data and Key Metrics Changes - The European gas market is expected to be less critical this summer compared to the previous year, with higher storage capacity easing price pressures [45] - The company anticipates more volatility in the winter due to unpredictable weather conditions [46] - The Italian and European markets are seeing a shift towards biofuels, with mandatory quantities increasing annually [32] Company Strategy and Development Direction - The company is focusing on biofuel investments in Europe and the U.S., with plans to expand into the Far East [2] - A joint venture with PBF Energy aims to establish a biorefinery in Louisiana, contributing to a target of over 3 million tonnes of biorefinery capacity by 2025 [39] - M&A activity is a key part of the strategy, with recent acquisitions aimed at enhancing portfolio value and sustainability [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to adapt to changing market conditions, particularly in the gas sector following the loss of Russian supply [46][120] - The outlook for GGP remains strong, with expectations for continued profitability despite market volatility [76] - The company is on track to achieve a 50% replacement of Russian gas by 2022-2023 and aims for 80% by 2023-2024 [46] Other Important Information - The Livorno lubricant refinery is undergoing maintenance, with plans to transform it into a biorefinery [14] - The company confirmed a buyback plan of €2.2 billion and an increase in dividends to €0.94 per share [31] - The company is targeting a shift in production mix to 60% gas by 2030, with ongoing projects in various regions [65] Q&A Session Summary Question: Can you provide insights on cash flow guidance and underlying performance? - Management confirmed that cash flow from operations is improving, with a reduction in expected negative impacts from gas prices and foreign exchange rates [4][5] Question: What is the status of new gas opportunities in Cyprus and Australia? - Management indicated that recoverable volumes from Cyprus are still being assessed, with potential for new gas opportunities in the future [6][26] Question: How is the Livorno refinery project progressing? - The Livorno refinery is in maintenance, with plans for transformation into a biorefinery expected to be finalized by summer or early autumn [14] Question: What are the expectations for the European gas market this summer? - The company expects a less critical summer compared to last year, with higher storage levels easing price pressures [45] Question: Can you elaborate on the strategic partnership with ADNOC? - The partnership aims to explore opportunities for reducing emissions and developing carbon capture projects in the UAE and internationally [99]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) Form 20-F ☐ 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, 2022 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 OR 15(d) OF ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ Form 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2023 Eni S.p.A. (Exact name of Registrant as specified in its charter) Piazzale Enrico Mattei 1 -- 00144 Rome, Italy (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) Form 20-F X Form 40- ...

Eni S.p.A. (NYSE:E) Q3 2022 Earnings Conference Call October 28, 2022 8:00 AM ET Company Participants Francesco Gattei - CFO Giuseppe Ricci - COO, Energy Evolution Division Guido Brusco - COO, Natural Resources Aldo Napolitano - EVP Exploration Projects Management Cristian Signoretto - Deputy COO, Natural Resources Conference Call Participants Irene Himona - Societe Generale Massimo Bonisoli - Equita Biraj Borkhataria - RBC Capital Markets Henri Patricot - UBS Oswald Clint - Sanford C. Bernstein & Co. Marti ...

Eni S.p.A. (NYSE:E) Q2 2022 Results Earnings Conference Call July 29, 2022 8:00 AM ET Company Participants Claudio Descalzi - Chief Executive Officer Francesco Gattei - Chief Financial Officer Giuseppe Ricci - Chief Operating Officer of Energy Evolution Cristian Signoretto - Deputy of Chief Operating Officer, Natural Resources Stefano Goberti - Chief Executive Officer, Eni gas e luce Guido Brusco - Chief Operating Officer, Natural Resources Conference Call Participants Irene Himona - Société Générale Oswald ...

Eni S.p.A. (NYSE:E) Q1 2022 Earnings Conference Call April 29, 2022 8:00 AM ET Company Participants Francesco Gattei - CFO Guido Brusco - Chief Operating Officer Natural Resources Cristian Signoretto - Deputy of COO of Natural Resources Giuseppe Ricci - COO of Energy Evolution Division Cristian Signoretto - Deputy of COO of Natural Resources Luca-Bertelli - Chief Exploration Officer Stefano Goberti - Chief Executive Officer Conference Call Participants Michele Della Vigna - Goldman Sachs Irene Himona - Soci ...

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, 2021 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 SECT ...

Eni S.p.A. (NYSE:E) Q3 2021 Earnings Conference Call October 29, 2021 2:00 PM ET Company Participants | --- | |----------------------------------------------------------| | | | Francesco Gattei - CFO | | Cristian Signoretto - Deputy of COO of Natural Resources | | Alberto Maria Chiarini - CEO of Eni gas e luce SpA | | Giuseppe Ricci - COO of Energy Evolution Division | | Alessandro Puliti - COO of Natural Resources | | Adriano Alfani - CEO, Versalis | | Alessandro Della Zoppa - Head of Renewables | | Confer ...