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Annual Report 2020 - Eni

EniAnnualReport20201 MANAGEMENT Report 1 Activities 2 Business model 4 Responsible and sustainable approach 6 Letter to shareholders 8 Eni at a glance 14 Stakeholders engagement activities 18 Strategy 20 Integrated Risk Management 26 Governance 32 Operating review Natural Resources 40 Exploration & Production 42 Global Gas & LNG Portfolio 66 Environmental activities 70 Energy Evolution 72 Refining & Marketing and Chemicals 74 Eni gas e luce, Power & Renewables 82 Financial review and other information Financial review 88 Risk factors and uncertainties 114 Outlook 135 Consolidated disclosure of non-financial information (NFI) 136 Other information 182 Glossary

based on collaborations with other internationally recognized players in order to identify the needs of communities in line with the National Development Plans and the United Nations 2030 Agenda. Eni is also committed to creating job opportunities and transferring its know-how and expertise to its local partners.

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Strategy Presentation 2021-2024

www.eni.com

process flaring | msm3 upstream ghg emission intensity vs 2014 fugitive methane emissions ups vs 2014 carbon efficiency index (2014‐2021) ups net zero eni net zero ups ‐50% @2024 ‐25% ‐65% net zero net zero 0 ‐43% ‐80% reached@2019 ‐2% yoy ~ 7 50 >6mtpa @ 2024 carbon capture & storage co2 (mtonco2/y)

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FY 2021 RESULTS - eni.com

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upstream ghg emission intensity (100% operated scope 1) upstream | delivering operational efficiency 2014 2018 2021-25% net zero @2030 carbon footprint upstream (equity scope 1+2)-25% vs 2018 flaring down energy efficiency methane reduction and control progress at …

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