Company Profile For ENI SpA

Eni SpA (Eni) is engaged in the oil and gas, electricity generation, petrochemicals, oilfield services and engineering industries. The Company operates in four segments: Exploration & Production segment (E&P), which is engaged in oil and natural gas exploration and field development and production, as well as liquefied natural gas (LNG) operations in 39 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, United States, Kazakhstan, Russia, Algeria, Pakistan and Australia; Gas & Power segment (G&P), which engages in supply, transport, distribution and marketing of natural gas, as well as of LNG; Refining & Marketing segment (R&M), which engages in refining and marketing of petroleum products mainly in Italy and Europe, and the Engineering & Construction segment (E&C). In April 2009, Eni S.p.A. announced that it has completed the sale of 20% stake of Gazprom Neft to Gazprom OAO. In May 2009, the Company completed the acquisition of Distrigas NV.

BRIEF: For the nine months ended 30 September 2009, Eni S.p.A.'s total revenue decreased 26% to 61.98B. Net income for the period decreased 59% to EUR3.98B. Total revenue reflects a decrease in demand for the Company's products and services in the Exploration & Production and Refining & Marketing business segments. Net income for the period suffered from higher amortization and depreciation costs as well as higher financial charges.