Eni — Earnings Release 2017

Feb 16, 2018

2017 Full Year Results SET FORGROWTH

Highlights 2017

• Production:1.82Mboe/d
• Exploration: 1 bln boe
• Organic Reserves Repl. : ^> 150%
• 4 mainstart ups incl. Zohr
• CFFO: € 8.3bln
• Dual Exp: Zohr 40%; Moz 25%

G&P: structurally positive R&M+Chem: EBIT adj € 1 bln CFFO: ~€1.8bln

CFFO: € 10 bln (+25% YoY) Capex: € 7.6 bln Disposal: € 3.8 bln cash in post tax Gearing: 18%

2017 DIVIDEND CASHNEUTRALITY: \$ 57 /BBL

Relentless efforts onHSE improvements

Upstream 2017 performance

2017resource base growth

Fast‐track execution: 2017start‐ups

Super giant delivered

Firstgas 28 months from discovery (22 from FID)

Grossplateau: 500 kboed

€ 1.8 bln from 40% W.I. sold *

Oil & Gas W.I: 44%85 kboedgross peak

GasW.I: 55%80kboed

Mid‐Downstream2017 performance

Mid‐Downstream3 years turnaround in ^a glance

Astrong quarter completes ^a robust performance

Asolid financial balance

Outlook2018

€ 0.3 blnG&P Adj. EBIT

~\$3/bbl YE refining BEP

~€ 8 bln

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