Eni Remains Committed to its Decarbonization Strategy, Revises Long-Term Prices Assumptions, Having Assessed the Disruptions in the Trading Environment Due to COVID-19
Strategy and implementation actions to reduce the Company’s carbon footprint confirmed, and possibly speeded up; Long-term prices assumptions for Brent crude oil set at $60 /barrel (from 2023 onwards, in real terms), compared to $70/barrel previously Claudio Descalzi, Eni’s CEO, commented: “We confirm our strategy to become a leader in …
Eni Joins the Voluntary Principles Initiative
The Annual Plenary Meeting 2020 of the Voluntary Principles Initiative (VPI), a multi-stakeholder initiative dedicated to ensuring human rights in security operations, has unanimously approved Eni’s admission as an “Engaged Corporate Participant”. Eni’s membership of the VPI further strengthens the company’s commitment to working with institutions to affirm respect for …
Eni Publishes ‘Eni for Human Rights’
Eni publishes an update of “Eni for Human Rights,” the company’s report that provides transparent and concrete information on its commitment to the respect for human rights, showing a strengthening of its internal procedures on this fundamental matter. “Such commitment assumes an increasing relevance in a world that is facing …
Eni and Korea Gas Corporation to Strengthen the Cooperation in the Energy Sector
Claudio Descalzi, Eni CEO, and Hee-bong Chae, Korea Gas Corporation President and CEO signed a Memorandum of Understanding (MoU) to identify specific cooperation opportunities in different areas such as exploration and production projects, LNG projects, downstream and infrastructure projects and in particular circular economy and low-carbon energy projects. The two …
Eni’s Board of Directors Appoints Claudio Descalzi as Chief Executive Officer and Appoints the Members of the Board Committees
Eni’s Board of Directors[1] today appointed Claudio Descalzi as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegated …
Eni’s CEO Defers 50% of His Long-Term Incentive Until 2021. Company Senior Managers do the Same.
Eni’s Chief Executive Officer, Claudio Descalzi, will defer the collection of half of his 2020 long-term incentive plan until 2021. The decision has been made due to the current health emergency and the situation in the oil & gas sector, and it joins the company’s measures to reduce investment and …
Eni: First Quarter 2020 Results
Eni’s Board of Directors yesterday approved the consolidated results for the first quarter of 2020 (not subject to audit). Having examined the results, Eni CEO Claudio Descalzi said: “The period since March has been the most complex period the global economy has seen for more than 70 years. For the …
Eni’s HPC5 Supercomputer Contributes to Coronavirus Research
The supercomputing infrastructure will support researchers in virus analysis Eni has freely made its supercomputing infrastructure and its molecular modelling skills available for Coronavirus research, offering its contribution with its tools and resources of excellence in the fight against this global emergency. The collaboration is part of the European EXSCALATE4CoV …
Eni, COVID-19 Update: 2020-2021 Business Plan Revision
With respect to the information disclosed to the market on 18 March 2020, Eni has concluded in advance a revision to its planned activities as a result of the sharp decrease in commodities prices and the foreseeable constraints arising from the COVID-19 pandemic. Specifically, Eni will reduce Capex in 2020 …
Eni with Italy to Fight Against Coronavirus
To supports those who are at the front line to manage the healthcare emergency in the country, and based on its experience in healthcare projects worldwide, Eni puts in place a number of healthcare and social activities that will be immediately operational. Eni is the only partner of Fondazione Policlinico …