Strong Strategic Progress
Eni continued its strategic progress with a focus on upstream growth, exploration success, and integration of equity gas production into the LNG chain.
Upstream Growth and Major Projects
Eni discovered around 600 million barrels of oil equivalent of new resources in the first half of 2025, with major projects like Johan Castberg and Balder X in Norway contributing to production targets.
Growth in Renewable Capacity
Plenitude's renewable capacity grew by over 30% year-on-year, reaching over 5.5 gigawatts net, with a significant investment from Ares valuing Plenitude at around EUR 12 billion.
Financial Strength and Cash Flow
Eni maintained strong financial performance with CFFO expected to reach EUR 11.5 billion in 2025, leverage at historic lows, and a EUR 3 billion cash initiative identified.
Successful Partnerships and Investments
Eni's combination with Petronas in Indonesia and Malaysia and significant investments from partners like KKR and Ares highlight strong strategic partnerships.