Get documents about "www eni it FACT SHEET Eni is one of - PDF
Document Sample
www.eni.it
FACT SHEET
Eni is one of the most important integrated en-
ergy companies in the world operating in the oil
and gas, electricity generation and sale, petro-
chemical, oilfield services construction and en-
gineering industries. In these businesses it has
a strong edge and leading international market
position.
Eni is active in around 70 countries with a staff of
about 76,000 employees.
Every Eni’s action will be more and more based
on making the most of people, contributing to
the development and wellbeing of the communi-
ties with which it works, protecting the environ-
ment, investing in technological innovation and
energy efficiency, as well as mitigating the risks
of climate change.
Non Executive
Indipendent
Executive
BoArd oF dirECTorS STATuTory AudiTorS
Chairman Chairman
Roberto Poli Ugo Marinelli
Chief Executive Officer
Paolo Scaroni Auditors
Directors Roberto Ferranti
Alberto Clô Luigi Mandolesi
Paolo Andrea Colombo Tiziano Onesti
Paolo Marchioni
Giorgio Silva
Marco Reboa
Substitute Auditors
Mario Resca
Pierluigi Scibetta Francesco Bilotti
Francesco Taranto Pietro Alberico Mazzola
CHiEF opErATing oFFiCErS rEprESEnTATivE oF THE CorTE dEi ConTi
(CourT oF THE AudiTorS)
Exploration & Production Division
Claudio Descalzi
Lucio Todaro Marescotti
Gas & Power Division
Domenico Dispenza
Substitute: Angelo Antonio Parente
Refining & Marketing Division
Angelo Caridi External Auditors: PricewaterhouseCooper S.p.A.
Results 2008
• Net profit for the year: €8.83 billion
• Proposed a dividend per share of €1.30
• Net sales from operations: €108.1 billion
• Cash flow: €21.8 billion
• Market capitalization: €60.6 billion
• Oil and natural gas production: 1,797 kboe/d
• Natural gas sales: 104.23 bcm
www.eni.it
Shareholder structure Dividend performance
61% Various share- DIVIDEND
(euro per share)
holders 1.30 1.30*
1.25
1,25
30% Public holding 1.1
1,1
0.9
0,9
9% Eni treasury
shares 0.75 0.75 0,75
0,75 0,75 0.75
0.424
0,424
0.362
0,362
0,289 0.31
0.289 0,31
0.222 0.248
0,222 0,248
1995 1997 1999 2001 2003 2005 2007 2008
(*)The Board of Directors intends to submit to the Annual Shareholders’
Meeting the proposal of distributing a cash dividend of €1.30 per share
(€1.30 in 2007). Included in this annual payment is €0.65 per share which
was distributed as interim dividend in September 2008. The balance of €0.65
per share is payable on May 21, 2009 to shareholders on the register on May
18,2009.
Historical Steps
• 1926 - Establishment of AGIP (Azienda Generale Italiana Petroli)
• 1952 - The “six-legged dog” becomes the symbol of Agip
• 1953 - Eni (Ente Nazionale Idrocarburi) is established
• 1992 - The law is passed to transform Eni into a joint stock company
• 1995 - Initial public offering of Eni shares on the stock market
• 1996 - In October, another 16% of the Company’s share capital was placed on the market
• 1997 - The third placement took place in June, when approximately 18% of the Company’s share capital was placed on
market
• 1998 - June saw the fourth offering, with a further 14% of the Company’s share capital placed
• In February 2001 a placement operation on 5% of the company’s share capital was carried out among institutional
investors
www.eni.it
Sustainability in the history of Eni
1953-1956
Ente Nazionale Idrocarburi (ENI, today Eni) was established by Law no.136 in February 1953, under the leadership of its
chairman, Enrico Mattei. The first decade of business was firmly shaped by the vision of Mattei, which combined the win-
ning strategy of forming key business alliances in international markets with many producer countries, with a strong human
focus (employees and customers) and a commitment to the environment, involving investment into research and techno-
logically advanced structures of excellence.
1957-1962
In 1957 in Teheran Eni signed the first contract containing the “Mattei Formula”, which was a new way of establishing com-
mercial relations with oil-producing countries that involved joint collaboration and undermined the type of contracts previ-
ously offered by foreign companies. The basis of this type of collaboration agreement was that Eni personnel were required
to study and introduce into the company respect for the habits, religious beliefs and lifestyles of the population they came
into contact with as part of their work.
1963-1977
Well before the oil crisis of the early seventies, Eni began systematically investing in gas in 1968 by starting construction
of the regasification plant at Panigaglia. In 1969 the first agreement for the supply of natural gas was made with the USSR,
followed in 1973 by an agreement with the Algerian company Sonatrach. In 1974 the Austrian and Soviet natural gas pipe-
lines were both finished, whilst in 1977 the capacity of storage sites for strategic gas reserves was boosted. In 1970 the
employee social fund was established, which over time has been added to, as request by staff.
1978-1986
In 1978 Eni launched a new operating program in the renewable sources and energy-saving field.
Geothermal exploration under the program led to the use, in 1980, of geothermal fluids for residential heating and indus-
trial applications. High standards in research led to the implementation of a number of technically ambitious projects, such
as the 2000 kilometre Transmed natural gas pipelines (opened in 1983), of which 155 kilometres cross the Mediterranean
Sea at a dept of 660 meters below sea level. In 1986 several other new, cutting-edge deep – sea production technologies
were unveiled, including the Swacs system, based on acoustic signals.
1987-1992
In 1987 the Green River Project was starter up in the Niger Delta, an integrated agricultural development program involv-
ing Eni-trained local staff. In 1992 Tragaz (Sanprogetti/Nuovo Pignone consortium) signed a contract with Gazprom for
the modernization of the Russian gas pipeline network, thereby guaranteeing the efficiency and above all the safety of
services.
In 1992 Eni SpA was established.
1993-2005
Between 1995 and 2001 almost 70% of Eni SpA was floated on the stock exchange, with the Italian state receiving around
€24 billion in exchange. In 1994 Eni was one of the first European companies to adopt a Code of Practice (renewed in 1998
and again in 2003), while in 1996 it published the first Environmental Report.
In 1999 an agreement was signed with Gazprom for the construction of the Blues Stream gas pipeline from Russia to Tur-
key, across the Black Sea, and in 2001 Eni was the first Italian company to adhere to the ONU’s Global Compact. When Eni
was being transformed into an operational company, between 2001 and 2002 relations between the company and trade
unions was restructured in an extremely innovative way with the signing of a series of national and international agree-
ments.
In 2002, a Corporate Social Responsibility department was created to develop management and communication sustain-
ability processes and models inside the company.
In 2004 the 520-kilometre Green Stream gas pipeline was built from Libya across the Mediterranean. Eni published “Com-
pany Responsibility – Values and Conduct” with the objective of studying subjects linked to sustainability within the com-
pany.
In 2005 the company adhered to the Extractive Industry Transparency Initiative, aimed at guaranteeing the transparency of
financial income generated by extraction operations.
2006-2007
In 2006 an historical agreement, expiring in 2035, was signed between Eni and Gazprom. Eni also signed an agreement for
doubling the liquefaction plant in Damietta, Egypt, and an agreement with the Turkish company, Calik Enerij, for construct-
ing the Samsun-Ceyan oil pipeline which by avoiding crossing the Bosporus and the Dardanelles contributed to protecting
the marine environment. In 2006 the “Sustainability Project” was launched which led to the publication in 2007 of the first
Sustainability Report, while the Eni Foundation was set up to promote and carry out solidarity initiatives in favour of infancy
and elderly people. In 2007 Eni adopted Guidelines on Sustainability and on the Protection of Human rights, and entered
the Dow Jones Sustainability Index, the FTSE4Good Index and the CDP5 Climate Disclosure Leadership Index. In Fortune
magazine’s list of the top 100 companies in the world who did most for sustainability, Eni moved up from twenty-eighth
to third place.
www.eni.it
Contacts
investor.relations@eni.it
Piazza Vanoni, 1 - 20097
San Donato Milanese (MI) - Italia
tel.: +39 02 52 05 16 51
Claudia Carloni - Head of Investor Relations
If you are a Private Investor you can receive more informa-
tion by calling the toll free number:
from Italy: 800 94 09 24
from outside Italy : 800 11 22 34 56
the Toll-Free Number must be preceded by the International
Access Code (+).
You can also write at the following e-mail address:
segreteriasocietaria.azionisti@eni.it
The complete Fact Sheet will be available from April 7, 2009
Related docs
