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Annual Report 2025

In 2025, Eni made important progress in executing its distinctive transformation strategy, aimed at delivering sustainable growth and value creation across both its traditional activities and transition businesses. This success has been driven by accretive organic growth, portfolio diversification, integration along the value chain, the development of new technologies and the adoption of innovative business models. We have enhanced Eni’s resilience to market volatility thanks to portfolio upgrading and continued capital discipline, underpinned by a solid balance sheet and a lower leverage. At the same time, shareholder remuneration was increased, delivering industry-leading returns.

2025 results proved the value of our consistent strategy and execution.

The 2026-2030 Strategic Plan guidelines envisage growth in Upstream production value, driven by integration along the LNG value chain and the contribution of satellites, the development of renewable capacity, also benefiting from the deconsolidation of Plenitude, and the expansion of biorefining capacity, as well as the transformation of the Chemicals business. Capital discipline and active portfolio management are expected to support the generation of cash surpluses, contributing to a solid balance sheet and underpinning a competitive distribution policy, including dividend growth and share buy-backs.

Discover also the annexes to the Annual Report 2025 in the Documentation section.

Person sitting at a desk working on laptop; a screen with the writing "Eni for 2024" is visible on the screen. On the desk there are plants, colored post-it notes and a notebook.

Eni for 2024. Check out our interactive feature

Read the stories, case studies and testimonials behind our contribution to a socially equitable energy transition in the Sustainability Report.

The interactive special

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