Letter to shareholders

2011 was a year of great progress for Eni’s prospects for growth in the medium and long term. The successes in the exploration of hydrocarbons were the main distinctive feature of the year.

The offshore discovery at Mamba in Mozambique, which we estimate has more than 1,100 billion cubic meters of  gas in place, opens up extraordinary opportunities for growth in Asia where demand for gas is growing rapidly.

Profile of the year

In 2011 Eni reported net profit of €6.86 billion.

Adjusted net profit was €6.97 billion, 1.5% more than in 2010.

The excellent performance of the Exploration & Production, supported by a recovery in oil prices, has absorbed both the effects of the interruption of production in Libya, and the contraction of the results in gas, refining and petrochemicals due to the economic recession.

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Eni S.p.a. - Registered Head Office
Piazzaie Enrico Mattei, 1
00144 Roma

Via Emilia, 1
e Piazza Ezio Vanoni, 1
20097 - San Donato Milanese (MI)

VAT number
n. 00905811006

Company share capital
€ 4.005.358.876,00 paid up.

Rome Company Register
Tax Identification Number. 00484960588

We are a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. Eni men and women have a passion for challenges, continuous improvement, excellence and particularly value people, the environment and integrity.