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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

Eni is a global energy company, engaged in the entire value chain: from the exploration, devel-opment and extraction of oil and natural gas, to the generation of electricity from cogeneration and renewable sources, traditional and biorefining and chemicals, and the development of circular economy processes.

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