Eni

Environmental & Social Information • May 30, 2025

Eni Report on payments to governments 2024

We are an energy company.

• We concretely support a just energy transition,
  • with the objective of preserving our planet
  • and promoting an efficient and sustainable access to energy for all. Our work is based on passion and innovation,
  • on our unique strengths and skills, on the equal dignity of each person,
• recognizing diversity as a key value for human development, on the responsibility, integrity and transparency of our actions. We believe in the value of long-term partnerships with the Countries
  • and communities where we operate, bringing long-lasting prosperity for all.

Global goals for a sustainable development

The 2030 Agenda for Sustainable Development, presented in September 2015, identifies the 17 Sustainable Development Goals (SDGs) which represent the common targets of sustainable development on the current complex social problems. These goals are an important reference for the international community and Eni in managing activities in those Countries in which it operates.

Report on payments to governments

2	Introduction
2	Eni's upstream activity
4	Basis of preparation
8	Report on payments to governments
9	Europe
11	Africa
15	Americas
16	Asia
19	Australia and Oceania
20	Independent limited assurance report

Introduction

This Report on Payments to Governments of the Eni Group for the year 2024 (hereinafter the "Report") complies with Eni's reporting as per Italian Legislative Decree No. 139 of August 18, 2015, which enacted Directive 2013/34/EU (the EU Accounting Directive - 2013) into the Italian law. These reporting obligations are applicable to EU-based, listed companies that engage in extractive industries as defined by relevant EU provisions.

The consolidation scope is the same as that of the consolidated financial statements of Eni SpA as of December 31, 2024, prepared in accordance with IFRS; therefore, all payments made by entities not under Eni's control (such as joint ventures and associated companies; see the reporting criteria in this Report) are excluded.

Eni's EU-based subsidiaries included in the scope of consolidation are waived from the equivalent reporting obligations enacted by other member States.

PwC S.p.A has undertaken a limited assurance engagement on this Report in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised).

This Report is available for download at Eni's website: www.eni.com, under the section Publications.

With reference to Eni's voluntary adherence to the Extractive Industry Transparency Initiative (EITI), the Report on Payments to Governments enables Eni to fully meet Expectation no. 3 for Supporting Companies, concerning the disclosure of information on material payments made to governments, disaggregated by project and revenue stream, in all countries of operation.

Eni's upstream activity

Eni engages in oil (including condensates) and natural gas exploration, development and extractive activities in 35 countries.

In 2024, Eni brought an overall value of approximately €8.4 billion to the host countries where the Company has been conducting its upstream operations.

Following is a distribution of Eni's main countries of upstream operations according to the size of payments made:

The main changes to the 2024 consolidation scope are related to: (i) the business combination with Neptune Energy closed at the beginning of 2024, involving the acquisition of properties mainly in Indonesia, the United Kingdom and the Netherlands; (ii) the closing of the business combination with the independent upstream company Ithaca Energy Plc in October 2024, with Eni contributing to the enlarged company its oil&gas properties in UK in exchange for a non-controlling participating interest in the entity post-combination; therefore, in accordance with consolidated financial statements rules, the payments of the contributed entities are reported up to the date control was lost; (iii) the divestment of Nigerian Agip Oil Company Ltd (NAOC Ltd) in August 2024, so that the payments of NAOC Ltd are reported up to the loss of control; (iv) the disposal of assets in Alaska.

Basis of preparation

Legislation

This Report complies with the reporting obligations as per "Chapter I" regarding "Payment transparency provisions" of Italian Legislative Decree No. 139 of August 18, 2015, which implemented Directive 2013/34/EU. The Directive requires companies listed on a regulated market in the EU involved in the extractive industry to prepare and publish a report on payments to governments for each financial year, on a consolidated basis¹ .

Reporting principles adopted have considered the official interpretations of the regulation issued by national and international bodies, as well as the industry practices.

The consolidation scope is the same as that used in preparing the 2024 Consolidated Financial Statements of Eni SpA in accordance with IFRS.

Activities within the scope of the Report

This Report discloses cash payments and in‐kind payments, mainly relating to taxes, production entitlements, royalties, and bonuses, made to governments as part of Eni's activities in the exploration, prospection, discovery, development and extraction of oil (including condensates) and natural gas.

Government

The term Government refers to any national, regional, or local Authority of any Member State of the European Union or Third State (including Ministries, governmental bodies, and agencies) as well as any undertakings controlled by the above‐mentioned public entity. The definition of control is that provided in Directive 2013/34/EU, which identifies control with the obligation of including the accounts of the controlled entity in the consolidated financial statements of the controlling entity² .

Reporting principles

This report discloses cash payments and in‐kind payments made to Governments by the parent company Eni SpA and its consolidated subsidiaries. Payment means an amount paid, whether in cash or in‐kind, for the activities in scope of the regulations. Cash payments are reported in the period in which they are paid. Refunds are also reported in the period they are collected and/or offset by Eni and are shown as negative amounts. Payments made in kind based on the underlying production delivery (production entitlements, tax oil and royalties where applicable) are reported on an accrual basis. In‐kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which generally corresponds to market value as stated in the relevant contract. In‐kind payments are reported in both volumes and the equivalent cash value.

The Report comprises direct payments made by Eni to Governments arising from petroleum projects participated by Eni Group's companies. Payments made to Governments in relation to oil activities conducted through joint arrangements are disclosed in this Report if, and to the extent that, the amounts are paid

¹ Eni is subject to the provisions of Legislative Decree N° 25 of February 15, 2016, which transposes Directive 2013/50/EU (the so‐called Transparency II Directive) into Italian Law. This Legislative Decree requires companies listed in a regulated market to comply with the provisions of the Directive 2013/34/EU.

² The notion of control provided in the Art. 22 of the Directive is substantially in line with the one adopted by IFRS. Therefore, the provision refers to the notion of control which would trigger the inclusion of the accounts of the controlled entity in the consolidated accounts of the governmental controlling entity should the latter be required to prepare consolidated financial statements.

directly by Eni. This is the case when Eni is the operator³ of the unincorporated joint venture; in this case payment amounts are reported in full, even where Eni as operator of a project is proportionally reimbursed by its non‐operating venture partners through a partner billing process (cash‐call). When Eni is a non‐ operating partner, payments made by the initiative's operator on behalf of Eni are not reported.

Payments made by entities not subject to Eni's control are excluded from this report. Such non controlled entities comprise equity accounted entities (incorporated joint ventures or associates) holder of a mining license, and incorporated joint ventures acting as operator of a mining initiative on behalf of a subsidiary of Eni and other partners (which can be both state-owned enterprises or public companies), where the Eni subsidiary retains the underlying mining license.

Project definition

Payments are reported at project level, except those tax payments that are not attributable to a specific project are reported at the entity level as "non-allocated amounts". Project is defined as operational activities, which are governed by a single contract, license, lease, concession, or similar legal agreement, and form the basis for one or more payment obligations with a government. If such agreements are "substantially interconnected", those agreements are to be treated as a single project. "Substantially interconnected" means forming a set of operationally and geographically integrated agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Indicators of integration include, but are not limited to, geographic proximity and the use of shared infrastructure. In this report the integration criteria adopted by Eni include the use of a common infrastructure and in the case of minor projects, geographic proximity.

The disclosure of the payments referred to in this Report reflects the substance of the contracts or the other obligations that give raise to payments.

Payments

Payments are reported individually for each country of operation according to the following break-down: i) the full amount paid to each governmental authority; ii) the full amount paid to each government by payment type and the total for each type of payment; iii) the total amount by type of payment made for each project and the total amount of payments for each project.

The information is reported under the following payment types:

• Production entitlements

Under production-sharing agreements (PSAs) the production is shared between the host government and the other parties to the PSA. The host government typically receives its share or entitlement in kind rather than being paid in cash. This includes the Government's share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded. First party⁴ entitlement is the share of production after hydrocarbons have been produced and allocated to cover costs and investments incurred by Eni. These entitlements are mainly paid in‐kind and are taken at the source. Such production entitlements are reported on an accrual basis. The monetary value of in-kind payments is calculated based on market prices, determined on the basis of the contractual mechanisms

³ The operator of a petroleum project is the entity that based on contractual arrangements with the counterparties, manages field operations and, in this capacity, is actually making payments to governments including situations where the operator determines and communicates the production entitlement due to each party (i.e. under production sharing contracts).

⁴ Government or National Oil Company which as part of an oil contract transfers to an oil company the right to carry out operations in a geographic area.

provided in each PSA. When Eni is the joint‐venture operator, host government entitlements are reported in their full amount. Where the national oil company (NOC) is also an equity partner in the joint venture, its production entitlement is reported in addition to the government's share of production. The NOC's entitlement as a partner will include both its share of production as investor return as well as its entitlement for the reimbursement of its expenditures, solely in relation to the activities performed in the home country.

In certain PSAs, Eni and the first party agree to entrust the execution of extractive operations to a separate company (incorporated joint venture) that retains the role of operator, while Eni (or a subsidiary of Eni) retains the mineral right. The operator (which is not controlled by Eni) generally maintains the records that determine the sharing of production between the parties. In the process of determining and communicating the production entitlement due to each party and making the arrangements for the parties to physically receive their entitlements, the operator is effectively making the payment to the government. This Report does not include the whole payment calculated based on the government entitlement because the operator is not controlled by Eni. In these types of contracts, Eni's payments generally are limited to corporate income taxes calculated on the pre‐tax profit pertaining to Eni. Finally, in the case of incorporated joint ventures that are at the same time operator of a petroleum project and holder of the underlying mineral rights, no payment amounts are reported by Eni both because those entities are not controlled by Eni and because these joint ventures are obligated to pay taxes on corporate profits to governments.

• Taxes

The Report includes taxes levied on income, profits and production coming from exploration and production of minerals, oil, natural gas and other natural resources. Taxes include in‐kind volumes due by Eni to local tax authorities under PSAs (tax oil), which provide that the tax obligations of the second party are settled by the NOCs out of the share of profit oil of the international oil company. The monetary value of those payments is determined using the same method as per the production entitlements. Taxes levied on consumption, personnel, sales, procurement (contractor's withholding taxes), environment, property, customs and excise are not reportable under the Regulations.

• Royalties

These are payments for the rights to extract oil and gas resources, typically a fixed percentage of revenue or production less any deductions that may be taken.

• Dividends

These are dividends that are paid in lieu of production entitlements or royalties. Dividends paid by Eni to a government as an ordinary shareholder are excluded. For the year ended December 31, 2024, there were no reportable amounts under this type.

• Signature, discovery, and production bonuses

These are one‐off contractual payments to governments for bonuses, e.g. paid upon assignment of exploration permit, or when a commercial discovery is declared or an agreement/contract is signed, or production has commenced or reached a project milestone. Signature, discovery and production bonuses are included in the Report, as well as the costs incurred on behalf of the first party agreed with the renewal/extension of licences and concessions.

• License fees, rental fees, entry fees and other considerations for licenses and/or concessions

These are payments set by law or contracts for acquiring a license for gaining access to an area where exploration, development and production activities are performed. Administrative government fees that

are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.

• Infrastructure construction or improvements

These are payments which relate to the construction or improvement of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are of a social investment in nature, for example building a school or hospital, are excluded because they are not part of the typical streams of payments of the extractive industry towards governments. For the year ended December 31, 2024, there were no reportable infrastructure payments to a government.

Materiality

The regulation provides that payments below €100,000 made in the reporting period are not reported, whether made as a single payment or as a series of related payments. Such a disclosure threshold has been applied in this report, and such payments therefore excluded, when cumulative payments were below €100,000 aggregated. This materiality threshold does not apply to payments made in Italy.

Reporting currency

Payments are reported in thousand Euros. Payments made in currencies other than Euros are conventionally translated at the average exchange rate of the reporting period.

Assurance of the Independent Auditing Firm

PricewaterhouseCoopers S.p.A has undertaken a limited assurance engagement on this Report in accordance with the International Standard on Assurance Engagements (ISAE) 3000 Revised.

Report on payments to governments 2024 of Eni Group

Payments overview 2024							(€ thousand)
Country	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Europe
Italy			158,521	333	12,626		17 1,4 8 0
Cyprus					236		236
Netherlands		36,793			2,903		39,696
United Kingdom		152,357			2,646		155,003
Africa
Algeria		828,974	66,158	17 1,978	2,500		1,069,610
Congo	61,594	155,742	120,633	27,720			365,689
Côte d'Ivoire	154,934						154,934
Egypt		729,820		1,035			730,855
Ghana	219,136		84,681		1,021		304,838
Libya		1,677,866	223,980				1,90 1,846
Nigeria	292,623	100,828	100,688		6,111		500,250
Tunisia	109,806	18,053	8,245				136,104
Americas
Argentina					126		126
Mexico	225,326		73,003		16,637		314,966
United States		10 1,783	97,752		697		200,232
Asia
China		346					346
Indonesia	524,645	378,925		13,860			917,430
lraq		35,714					35,714
Kazakhstan		208,535					208,535
Om an					462		462
Tim or Leste	332	2,975			778		4,085
Turkmenistan	59,982	3,363	5,780				69,125
United Arab Emirates		798,254	344,301		963		1,143,518
Australia and Oceania
Australia		336			1,4 17		1,753
Total	1,648,378	5,230,664	1,283,742	214,926	49,123		8,426,833

EUROPE

ltaly

(in EUR thousand)

Payments per project	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provements	Total
Val d'Agri		=	71,169	-	859		72,028
Offshore Adriatic Sea		-	40,645		8,0 15		48,660
Sicily		-	29,575	333	1,676		31,584
Offshore lonian Sea		-	10,820	-	311		11,131
Italy onshore		=	6,312	-	1,765	-	8.077
Total	-		158,521	333	12,626		17 1,4 8 0

Italian State - Ministero dell'Economia 70,094 e delle Finanze	70,094
Basilicata Region 42,353	4,2,353
333 49 Sicily Region 9,826	10 ,208
Tesoreria Centrale dello Stato Banca
10 ,0 9 7 Italia	10 ,0 9 7
Municipality of Gela 7,678	7,678
Municipality of Viggiano 4,739	4,739
Calabria Region 4,582	4 ,582
Municipality of Bronte 3,4 18	3,4 18
Emilia Romagna Region 3,247 1	3,248
Municipality of Troina 3,026	3,026
Municipality of Gagliano 2,103	2,103
Municipality of Ragusa 1,894	1,894
Municipality of Calvello 1,195	1,195
State property administration 1,195	1,195
909 Molise Region	909
Port Authority of western Sicilian Sea 780	780
Puglia Region 754	754
Municipality of Grumento Nova 683	683
Municipality of Marsico Nuovo 512	512
Municipality of Mazara del Vallo 224	224
Piemonte region 75 14 3	218
Municipality of Ravenna 207	207
Municipality of Marsicovetere 17 1	17 1
Municipality of Montemurro 17 1	17 1
Municipality of Rotello 146	14 6
Port Authority of Pescara 117	117
Municipality of Biccari 78	78
72 Port Authority of Rimini	72
Municipality of Nissoria 70	70
Municipality of Ragalbuto 70	70
Est Sesia Consorzio di Irrigazione e 69 Bonifica Novara	റ്റു
Port Authority of Ravenna 64	64
Municipality of Butera 60	60
Municipality of Mazzarino 60	60
Port Authority of San Benedetto del 43 Tronto	43
Municipality of Volturino 38	38
Port Authority of Chioggia 22	22

Paym ents per governm ent	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Municipalit y of Rom ent ino	-	-	18	-	-	-	18
Municipalit y of Alberona	-	-	17	-	-	-	17
Municipalit y of Trecat e	-	-	17	-	-	-	17
Municipalit y of larino	-	-	9	-	-	-	9
Reclam at ion consort ium of Basilicat a region	-	-	-	-	9	-	9
Nat ional fire brigade corps	-	-	-	-	8	-	8
Sorit SpA Consorzio di bonifica pianura di Ferrara	-	-	-	-	7	-	7
Abruzzo Region	-	-	-	-	6	-	6
Municipalit y of Guglionesi	-	-	5	-	-	-	5
Municipalit y of Galliat e	-	-	4	-	-	-	4
It alian St at e - Minist ero dell'am bient e e della sicurezza energet ica	-	-	-	-	4	-	4
Reclam at ion consort ium of Muzza Bassa Lodigiana	-	-	-	-	3	-	3
It alian Inst it ut e for Environm ent al
Prot ect ion and Research (ISPRA)	-	-	-	-	3	-	3
Dist rict of Chiet i	-	-	-	-	2	-	2
Total	-	-	158,521	333	12,626	-	171,480

Cyprus

Full year 2024 (in EUR thousand)
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Explorat ion project s	-	-	-	-	236	-	236
Total	-	-	-	-	236	-	236

Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Minist ry of Energy, Com m erce and Indust ry	-	-	-	-	236	-	236
Total	-	-	-	-	236	-	236

Netherlands
(in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Offshore project s	-	21,903	-	-	2,903	-	24,806
Paym ent s not at t ribut able t o
project s	-	14,890	-	-	-	-	14,890
Total	-	36,793	-	-	2,903	-	39,696

Paym ents per governm ent	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Belast ingdienst	-	36,793	-	-	-	-	36,793
Minist ry of Econom ic Affairs and Clim at e Policy (EZK)	-	-	-	-	2,903	-	2,903
Total	-	36,793	-	-	2,903	-	39,696

United Kingdom

20

6

(in EUR thousand)		Full year 2024
Payments per project	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure lm provements	Total
Payments not attributable to projects	-	152,357					152,357
Exploration projects					2,175		2,175
P1476 Block 100/12a Conwy					351		351
P 112					83		83
E469					37		37
Total	-	152,357	-	-	2,646		155,003

Payments per government	Production Entitlement	l'axes	Royalties	Bonuses	Fees	Infrastructure lm provements	Total
HM Revenue & Customs	-	152,357					152,357
Department of Energy and Climate change					1,851	-	1,851
The Crown Estate					795		795
Totale		152,357			2,646		155,003

AFRICA

Algeria

(in EUR thousand)		Full year 2024
Payments per project	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provements	Tota
Blocks 401a/402a, 403a and 403d		244,919 IAT		10 1			245,020
HDLS (Berkine North)		15,864	2,510	128,683	દેત્વે		14 7 , 116
Berkine North ZOI Development		116,152	28,751		1,20 7		146,110
HDLE (Berkine North)		117 ,84 0	18,641		439		136,920
Block 404/208		85,443 [B]		13,733			99,176
In Amenas		84,915 [C]					84,915
Berkine North OZOI Development		63,993	13,685		106		77,784
In Salah		56,213 [D]					56,213
Berkine South 1		16,519 [E]		19,344	483		36,346
Block 403		18,249 IF]		10 , 117			28,366
Rom North		5,918	1,351		87		7,356
Block 405b		1,880 [G]					1,880
Zas (Berkine North)		571	665		46		1,282
RET (Berkine North)		498	555		52		1,105
BKNEP (Berkine North)					21		21
Total	-	828,974	66,158	171,978	2,500	-	1,069,610

Payments per government	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure lm provements	Total
Sonatrach		508.138 [H]		17 1,9 78			680,116
Direction Des Grandes Entreprises		320,836	66.158		2,500		389,494
Total		828,974	66,158	171,978	2,500		-

[A] includes 3,241 KBOE paid in kind
[B] includes 1,178 KBOE paid in kind
[C] includes 1,178 KBOE paid in kind

[D] includes 1,347 KBOE paid in kind
[E] includes 393 KBOE paid in kind
[F] includes 494 KBOE paid in kind

[G] includes 31 KBOE paid in kind
[H] includes 8,258 KBOE paid in kind

Congo

(in EUR thousand)

Full year 202

Production Entitlement		Taxes		Royalties		Bonuses	Fees	Infrastructure lm provements	Total
	[A]		[미			-			179,726
14,894	[в]	38,530	[기]			27,720			155,608
329	[c]		[H]	17 1				-	11,658
2,863	[D]	1,770	[K]			-		-	5,963
586	[E]					-		-	5,083
2,097	(Fi				[ ଆ	-		-	4,831
799	[G]							-	1,840
169	[H]	514	(E)	297	[C]	-		-	980
61,594		155,742		120,633		27,720	-		365,689
		39,857		98,496 11,158 3,002 [L] 1,646 [M] [N] 626	1,495 1,088 4 15	4 1,373 [J] 74,464 [0] [ы] [Q] 1,330 [R] [T]

Payments per government	Production Entitlement		Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	lotal
Republique du Congo	14 ,345	(U)	155,742 [W]	120,633 【X】	27,720			318,440
Société Nationale des Pétroles du Congo	47.249	[v]						47,249
Total	6 1,594		155,742	120,633	27,720			- 365,689
[A] includes 546 KBOE paid in kind [B] includes 260 KBOE paid in kind [C] includes 4 KBOE paid in kind [D] includes 38 KBOE paid in kind [E] includes 7 KBOE paid in kind [F] includes 28 KBOE paid in kind [G] includes 11 KBOE paid in kind [H] includes 3 KBOE paid in kind [I] includes 517 KBOE paid in kind			[J] includes 566 KBOE paid in kind [K] includes 23 KBOE paid in kind [L] includes 39 KBOE paid in kind [M] includes 21 KBOE paid in kind [N] includes 8 KBOE paid in kind [P] includes 2 KBOE paid in kind [Q] includes 18 KBOE paid in kind [R] includes 20 KBOE paid in kind	[0] includes 1,255 KBOE paid in kind		[S] includes 14 KBOE paid in kind [T] includes 6 KBOE paid in kind [U] includes 204 KBOE paid in kind [V] includes 693 KBOE paid in kind [W] includes 1,184 KBOE paid in kind [X] includes 1,885 KBOE paid in kind

Côte d'Ivoire

(in EUR thousand)					Full year 2024
Payments per project	Production Entitlement	Taxes Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Baleine project	154,934 [A]		-			-
Total	154 ,934					-

Payments per government	Production Entitlement	Taxes Royalties	Bonuses	Fees	Infrastructure lm provements	Total
Government	77,525 [B]					77,525
Petroci holding	77,409 [C]				-	77,409
Total	154 ,9 34 -					-
[A] includes 2,313 KBOE paid in kind		[C] includes 1,153 KBOE paid in kind

[A] includes 2,313 KBOE paid in kind
[B] includes 1,160 KBOE paid in kind

Egypt
(in EUR thousand)							Full year 2024
Payments per project	Production Entitlement	Taxes		Royalties	Bonuses	Fees	Infrastructure lm provements	Total
Shorouk		408,079	(A)			-		- 408,079
Sinai	-	160,144	(B)			-		160,144
Meleiha		45,236	[C]	-		-		45,236
North Hammad		39,985	(D)			-		39,985
Nidoco		33,0 11	(E)	-		-		33,0 11
Ras ElBarr		17,780	(F)			-		17,780
Baltim		17,060	[ଓ]	-		-		17,060
S Ghara		5,265	[H]			-		5,265
Aesw		2,208	(1)			-		2,208
Tem sah		1,052	(၂)			-		1,052
Tiba					1,035			1,0335
Total	-	729,820		-	1,035	-		- 730,855

	Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Egypt ian Tax Aut horit y	-	729,820	[K] -	-	-		- 729,820
EGAS	-	-	-	1,035	-	-	1,035
Total	-	729,820	-	1,035	-		- 730,855
[A] includes 14,058 KBOE paid in kind [B] includes 2,462 KBOE paid in kind [C] includes 840 KBOE paid in kind	[D] includes 1,595 KBOE paid in kind [E] includes 1,323 KBOE paid in kind [F] includes 855 KBOE paid in kind		[G] includes 717 KBOE paid in kind [H] includes 76 KBOE paid in kind [I] includes 101 KBOE paid in kind		[J] includes 39 KBOE paid in kind [K] includes 22,066 KBOE paid in kind

Ghana

Full year 2024 (in EUR thousand)
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Offshore Cape Three Point	219,136 [A]	-	84,681 [B]	-	598	-	304,415
Explorat ion project s	-	-	-	-	412	-	412
Paym ent s not at t ribut able t o project s	-	-	-	-	11	-	11
Total	219,136	-	84,681	-	1,021	-	304,838

Paym ents per governm ent	Production Entitlem ent		Taxes	Royalties	Bonuses	Infrastructure Fees Im provem ents	Total
Egypt ian Tax Aut horit y		729,820 -	[K]	-	-	-	- 729,820
EGAS		-	-	-	1,035	-	1,035 -
Total [A] includes 14,058 KBOE paid in kind [B] includes 2,462 KBOE paid in kind [C] includes 840 KBOE paid in kind	[D] includes 1,595 KBOE paid in kind [E] includes 1,323 KBOE paid in kind [F] includes 855 KBOE paid in kind	729,820 -		- [G] includes 717 KBOE paid in kind [H] includes 76 KBOE paid in kind [I] includes 101 KBOE paid in kind	1,035	- [J] includes 39 KBOE paid in kind [K] includes 22,066 KBOE paid in kind	- 730,855
Ghana
(in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Offshore Cape Three Point	219,136 [A]	-	84,681 [B]	-	598	-	304,415
Explorat ion project s	-	-	-	-	412	-	412
Paym ent s not at t ribut able t o project s	-	-	-	-	11	-	11
Total	219,136	-	84,681	-	1,021	-	304,838
Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Ghana Nat ional Pet roleum Corporat ion	219,136 [A]	-	84,681 [B]	-	-	-	303,817
Marit im e Aut horit y	-	-	-	-	461	-	461
Pet roleum Com m ission	-	-	-	-	260	-	260
Environm ent al Prot ect ion	-	-	-	-	177	-	177
Agency					104		104
Revenue Aut horit y	-	-	-	-		-
Nuclear Aut horit y	-	-	-	-	11	-	11
Ellem belle Dist rict Assem bly	-	-	-	-	8	-	8
Total [A] includes 3,649 KBOE paid in kind	219,136	-	84,681 [B] includes 1,327 KBOE paid in kind	-	1,021	-	304,838
Libya (in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Mellit ah Com plex	-	1,575,364 [A]	210,493 [C]	-	-	-	1,785,857
Area B	-	102,502 [B]	13,487 [D]	-	-	-	115,989
Total	-	1,677,866	223,980	-	-	-	1,901,846
Paym ents per governm ent	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Nat ional Oil Corporat ion	-	1,677,866 [E]	223,980 [F]	-	-	-	1,901,846
Total	-	1,677,866	223,980	-	-	-	1,901,846
[A] includes 31,045 KBOE paid in kind [B] includes 1,442 KBOE paid in kind [C] includes 4,135 KBOE paid in kind			[D] includes 188 KBOE paid in kind [E] includes 32,487 KBOE paid in kind [F] includes 4,323 KBOE paid in kind

Libya
(in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Mellit ah Com plex	-	1,575,364 [A]	210,493 [C]	-	-	-	1,785,857
Area B	-	102,502 [B]	13,487 [D]	-	-	-	115,989
Total	-	1,677,866	223,980	-	-	-	1,901,846

Paym ents per governm ent	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Nat ional Oil Corporat ion	-	1,677,866 [E]	223,980 [F]	-	-	-	1,901,846
Total	-	1,677,866	223,980	-	-	-	1,901,846

Nigeria

(in EUR thousand)		Full year 2024
Paym ents per project	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
NAOC JV (Land/sw am p areas)	289,793 [A]	-	12,438	-	-	-	302,231
Nigeria Deep Offshore (OML125)	2,830 [B]	57,464 [C]	37,773 [D]	-	6,111	-	104,178
SPDC JV	-	27,701	50,477	-	-	-	78,178
Paym ent s not at t ribut able t o project s	-	15,663	-	-	-	-	15,663
Total	292,623	100,828	100,688	-	6,111	-	500,250

Paym ents per governm ent	Production Entitlem ent	Taxes	Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Nigerian Nat ional Pet roleum
Corporat ion	292,623 [E]	56,571[C]	37,773 [D]	-	-	-	386,967
Depart m ent of Pet roleum						-
Resources	-	-	62,915	-	-		62,915
Federal Inland Revenue Service	-	44,257	-	-	1,685	-	45,942
Niger Delt a Developm ent
Com m ission	-	-	-	-	4,426	-	4,426
Total	292,623	100,828	100,688	-	6,111	-	500,250
[A] includes 10,847 KBOE paid in kind [B] includes 38 KBOE paid in kind		[C] includes 749 KBOE paid in kind [D] includes 500 KBOE paid in kind			[E] includes 10,885 KBOE paid in kind

Tunisia

(in EUR thousand)		Full year 2024
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Adam	61,456 [A]	11,944	3,100 [D]	-	-	-	76,500
Tunisia Sout h (Djebel Grouz + Oued Zar + MLD)	34,851 [B]	5,859	4,451 [E]	-	-	-	45,161
Tunisia Nort h (Barak a + Maam oura + Mahres)	13,499 [C]	23	694 [F]	-	-	-	14,216
Ot her project s	-	227	-	-	-	-	227
Total	109,806	18,053	8,245	-	-	-	136,104

Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Ent reprise Tunisienne d'Act ivit és Pét rolières	109,806 [G]	-	6,320 [H]	-	-	-	116,126
Recet t e des finances	-	18,053	1,925	-	-	-	19,978
Total	109,806	18,053	8,245	-	-	-	136,104

[A] includes 1,047 KBOE paid in kind [E] includes 53 KBOE paid in kind [B] includes 590 KBOE paid in kind [F] includes 8 KBOE paid in kind [D] includes 25 KBOE paid in kind [H] includes 86 KBOE paid in kind

[C] includes 225 KBOE paid in kind [G] includes 1,862 KBOE paid in kind

AMERICAS

Argentina
(in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Block MLO 124	-	-	-	-	126	-	126
Total	-	-	-	-	126	-	126

Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Secret aría de Energía	-	-	-	-	126	-	126
Total	-	-	-	-	126	-	126

Mexico

(in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Area 1	225,326 [A]	-	73,003 [B]	-	374	-	298,703
Explorat ion project s	-	-	-	-	14,979	-	14,979
Area 9	-	-	-	-	1,284	-	1,284
Total	225,326	-	73,003	-	16,637	-	314,966
Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total

Total	225,326	-	73,003	-	16,637	-	314,966
Publico	-	-	-	-	6,980	-	6,980
Secret aria de Hacienda y Credit o
Fondo m exicano del Pet roleo	225,326 [A]	-	73,003 [B]	-	9,657	-	307,986

[A] includes 3,604 KBOE paid in kind [B] includes 1,086 KBOE paid in kind

United States

(in EUR thousand)		Full year 2024
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Alask a - Beaufort Sea	-	97,776	72,612	-	503	-	170,891
Gulf of Mexico	-	2,159	25,140	-	194	-	27,493
Paym ent s not at t ribut able t o project s	-	1,848	-	-	-	-	1,848
Total	-	101,783	97,752	-	697	-	200,232

Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
St at e of Alask a Depart m ent of Nat ural Resources	-	97,776	-	-	418	-	98,194
Depart m ent of Nat ural Resources	-	-	72,612	-	-	-	72,612
Office of Nat ural Resources Revenue (US)	-	-	25,140	-	194	-	25,334
St at e of Louisiana	-	2,159	-	-	-	-	2,159
St at e of Texas	-	1,848	-	-	-	-	1,848
Alask a Oil and Gas Conservat ion	-	-	-	-	8 5	-	8 5
Total	-	101,783	97,752	-	697	-	200,232

ASIA

(in EUR thousand) Full year 2024 Paym ents per project Production Entitlem ent Taxes Royalties Bonuses Fees Infrastructure Im provem ents Total Explorat ion project s - 346 - - - - 346 Total - 346 - - - - 346 China

Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Governm ent Agency	-	346	-	-	-	-	346
Total	-	346	-	-	-	-	346

Indonesia

(in EUR thousand) Full year 2024

Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
East Sepinggan	406,041	241,665	-	-	-		- 647,706
Jangk rik	101,314 [A]	131,481	-	1,848	-	-	234,643
W est Seno	13,516 [B]	5,280	-	-	-	-	18,796
GENDALO	-	-	-	9,240	-	-	9,240
BANGKA	3,774 [C]	-	-	-	-	-	3,774
GEHEM	-	-	-	2,772	-	-	2,772
Paym ent s not at t ribut able t o project s	-	499	-	-	-	-	499
Total	524,645	378,925	-	13,860	-	-	917,430
Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
St at e Treasury, Minist ry of

project s
Total	524,645	378,925	-	13,860	-	-	917,430
	Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
St at e Treasury, Minist ry of Finance of Republic of Indonesia	-	378,925	-	13,860	-	-	392,785
SKKMIGAS (Sat uan Kerja Khusus Pelak sana Kegiat an Hulu Migas)	282,047 [D]	-	-	-	-	-	282,047
PT Pert am ina Hulu Energi East Sepinggan	196,157	-	-	-	-	-	196,157
PT Sak a Energi Muara Bak au	43,468 [E]	-	-	-	-	-	43,468
PT Pert am ina Hulu Energi MAKASSAR STRAIT	2,973 [F]	-	-	-	-	-	2,973
Total	524,645	378,925	-	13,860	-	-	917,430
[A] includes 107 KBOE paid in kind			[C] includes 5 KBOE paid in kind		[E] includes 19 KBOE paid in kind

[B] includes 168 KBOE paid in kind [D] includes 237 KBOE paid in kind [F] includes 24 KBOE paid in kind

Iraq
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Zubair	-	35,714	-	-	-	-	35,714
Total	-	35,714	-	-	-	-	35,714

Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
General Com m ission for Taxes	-	35,714	-	-	-	-	35,714
Total	-	35,714	-	-	-	-	35,714

Kazakhstan
(in EUR thousand)						Full year 2024
Paym ents per project	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Karachaganak	-	208,535	-	-	-	-	208,535
Total	-	208,535	-	-	-	-	208,535
Paym ents per governm ent	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Treasury Com m it t ee of t he

Total	-	208,535	-	-	-	-	208,535
Minist ry of Finance	-
Treasury Com m it t ee of t he		208,535	-	-	-	-	208,535
	Production Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
Total	-	208,535	-	-	-	-	208,535
Karachaganak	-	208,535	-	-	-	-	208,535

Production
Entitlem ent		Taxes Royalties	Bonuses	Fees	Infrastructure Im provem ents	Total
-	35,714	-	-	-	-	35,714
-	35,714	-	-	-	-	35,714
Production Entitlem ent			Bonuses	Fees	Infrastructure Im provem ents	Total
-	35,714	-	-	-	-	35,714
-	35,714	-	-	-	-	35,714
					Full year 2024
Production Entitlem ent			Bonuses	Fees	Infrastructure Im provem ents	Total
-		-	-	-	-	208,535
-		-	-	-	-	208,535
Production Entitlem ent			Bonuses	Fees	Infrastructure Im provem ents	Total
						208,535
						208,535
					Full year 2024
Production Entitlem ent			Bonuses	Fees	Infrastructure	Total
-		-	-	231	-	231
-		-	-	231	-	231
						462
Production		Taxes Royalties	Bonuses	Fees	Infrastructure	Total
Entitlem ent					Im provem ents
-	-	-	-	462	-	462
	- - -	- - -	Taxes Royalties Taxes Royalties 208,535 208,535 Taxes Royalties 208,535 - 208,535 - Taxes Royalties -	- - -	- - 462	- - Im provem ents -

Paym ents per governm ent	Entitlem ent		Taxes Royalties	Bonuses	Fees	Im provem ents	Total
Minist ry of Finance	-	-	-	-	462	-	462
Total	-	-	-	-	462	-	462

Timor Leste

్రాలు

(in EUR thousand)						Full year 2024
Payments per project	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure lm provements	Total
JPDA 03-13 Bayu Undan	332	2,975	-	-			3,307
Other projects					778		778
Total	332	2,975	-		778	-	4,085

Payments per government	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure lm provements	Total
National Directorate of Petroleum and Mineral Revenue		2,975				-	2,975
National Petroleum Authority	332				778		1.110
Total	332				778		4,085

Turkmenistan

(in EUR thousand)						Full year 2024
Payments per project	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure lm provements	Total
Nebit Dag	59,982 [A]	3,363	5,780 [B]	-	-	-	69,125
Total	59,982	3,363	5,780	-			69,125

Payments per government	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Turkmennebit	59.982 [A]		3,363				69.125
Total	59,982	3,363 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------	5,780	1	1		· 69,125

[A] includes 989 KBOE paid in kind

[B] includes 95 KBOE paid in kind

United Arab Emirates

(in EUR thousand)		Full year 2024
Payments per project	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure lm provements	Total
Umm Shaif and Nasr	-	507,600	226,360	-	-		- 733,960
Lower Zakum	-	290,146	117 .4 12	-	-		- 407,558
Sharjah	-	508	529	-	174		1,211
RAK Block A					689		689
RAK Exploration Block 7				-	100		100
Total		798,254	344,301	-	963		- 1,143,518

Payments per government	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Emirate of Abu Dhabi - Department of Finance		797,746	343,772	-			-
RAK Petroleum Authority				-	789	-	789
Sharjah National Oil Company			529	-	174		703
Government of Sharjah	-	508					508
Total		798,254	344,301	-	963		- 1,143,518

AUSTRALIA AND OCEANIA

Australia
(in EUR thousand)	Full year 2024
Payments per project	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Bonaparte Basin		696			1,062		1,758
Petrel					121		121
Carnarvon Basin	-	(360)			234		(126)
Total	-	336		-	1,4 17	-	1,753
Payments per government	Production Entitlement		Taxes Royalties	Bonuses	Fees	Infrastructure Improvements	Total
National Offshore Petroleum Titles					609		609
Administrator
National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA)					604		604
Australian Tax Office		336			204		540
Total	-	336		-	1,4 17	-	1,753

Independent limited assurance report

INDEPENDENT AUDITOR'S LIMITED ASSURANCE REPORT ON THE "REPORT ON PAYMENTS TO GOVERNMENTS 2024 OF ENI GROUP"

To the Board of Directors of Eni SpA

We have undertaken a limited assurance engagement in respect of the accompanying "Report on payments to governments 2024 of Eni Group" (hereinafter also the "Report") for the year ended 31 December 2024, prepared for the purpose of the Chapter I "Payment transparency provisions" of Legislative Decree No. 139 dated 18 August 2015 (the "Decree").

Responsibilities of the Directors

The directors of Eni SpA are responsible for the preparation of the Report in accordance with the principles set out in the Decree and with the criteria shown in the "Basis of preparation" section of the Report on payments to governments. The directors are also responsible for such internal control as they determine is necessary to enable the preparation of the Report that is free from material misstatement, whether due to fraud or error.

Auditor's Independence and Quality Control

We have complied with the independence and other ethical requirements of the Code of Ethics for Professional Accountants (including International Independence Standard (IESBA Code) issued by the International Ethics Standards Board for Accountants, founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.

Our firm applies International Standard on Quality Management 1 (ISQM Italia 1), which requires the firm to design, implement and operate a system of quality management including policies or procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

Auditor's Responsibilities

Our responsibility is to express a limited assurance conclusion on the Report based on the procedures we have performed. We conducted our engagement in accordance with International Standard on Assurance Engagements - Assurance Engagements other than Audits or Reviews of Historical Financial Information ("ISAE 3000 revised") issued by the International Auditing and Assurance Standards Board for limited assurance engagements. That standard requires that we plan and perform procedures to obtain limited assurance about whether the Report is free from material misstatement.

PricewaterhouseCoopers SpA

www.pwc.com/it

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The procedures we performed were based on our professional judgement and included inquiries, mainly of personnel of Eni responsible for the preparation of the Report, inspection of documents, recalculations, agreeing and reconciling with underlying records and other procedures designed to obtain evidence considered useful.

In detail, we performed the following procedures:

• inquiries of the Eni's personnel responsible for the preparation of the information included in the Report to understand and evaluate the appropriateness of the methods and reporting policies implemented to comply with the Decree;
• understanding of the processes performed to gather quantitative and qualitative information disclosed in the Report;
• inspection, on a sample basis, of the supporting documentation related to a sample of payments carried out also with the support of secondary audit teams;
• reconciling the underlying accounting records to the Report;
• analytical procedures to identify and discuss any unusual payments in the Report.

The procedures performed were less in extent than for a reasonable assurance engagement conducted in accordance with ISAE 3000 revised and, consequently, we did not obtain assurance that we became aware of all significant facts and circumstances that might be identified with reasonable assurance procedures.

Limited Assurance Conclusion

Based on the procedures we have performed; nothing has come to our attention that causes us to believe that the accompanying "Report on payments to governments 2024 of Eni Group" for the year ended 21 December 2024 is not prepared, in all material respects, in accordance with the principles set out in the Decree and with the criteria shown in the "Basis of preparation" section of the Report on payments to governments.

Basis of preparation

Without modifying our conclusion, we draw attention to the explanatory notes to the Report on payments to governments which describes the basis of preparation. The Report has been prepared for the purpose illustrated in the opening paragraph of this report. As a result, the Report may not be suitable for another purpose. This report is intended solely for the purpose illustrated in the opening paragraph and, therefore, it cannot be used for other purposes.

Rome, 30 May 2025

PricewaterhouseCoopers SpA

Signed by

Massimiliano Loffredo (Partner)

This report has been translated into English from the Italian original solely for the convenience of international readers

Eni SpA

Headquarters

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Eni

Annual

Report

Annual Report

2024