ENI SPA Files 20-F for Fiscal Year Ended December 31, 2023

Ticker: EIPAF · Form: 20-F · Filed: Apr 5, 2024 · CIK: 1002242

Eni Spa 20-F Filing Summary
FieldDetail
CompanyEni Spa (EIPAF)
Form Type20-F
Filed DateApr 5, 2024
Risk Levelmedium
Pages18
Reading Time22 min
Sentimentneutral

Sentiment: neutral

Topics: ENI SPA, 20-F, Annual Report, Energy Sector, Financials

TL;DR

<b>ENI SPA has submitted its 2023 annual report on Form 20-F, detailing its financial performance and operations.</b>

AI Summary

ENI SPA (EIPAF) filed a Foreign Annual Report (20-F) with the SEC on April 5, 2024. ENI SPA filed its annual report on Form 20-F for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business is Crude Petroleum & Natural Gas. Key entities mentioned in relation to the company's operations include EniliveAndRefiningMember, AbuDhabiOilRefiningCoMember, and VarEnergiASAMember. The filing also references financial instruments such as Cash Flow Hedges and Option Contracts.

Why It Matters

For investors and stakeholders tracking ENI SPA, this filing contains several important signals. This filing provides a comprehensive overview of ENI SPA's financial health and strategic direction for the fiscal year 2023, crucial for investors assessing its market position. The detailed information on operations, financial instruments, and associated entities offers insights into the company's risk exposure and future growth potential in the energy sector.

Risk Assessment

Risk Level: medium — ENI SPA shows moderate risk based on this filing. The company operates in the volatile Crude Petroleum & Natural Gas industry, which is subject to significant market fluctuations and regulatory changes, as indicated by its SIC code and the nature of its business.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F to understand ENI SPA's performance and outlook in the energy market.

Key Numbers

Key Players & Entities

FAQ

When did ENI SPA file this 20-F?

ENI SPA filed this Foreign Annual Report (20-F) with the SEC on April 5, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by ENI SPA (EIPAF).

Where can I read the original 20-F filing from ENI SPA?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ENI SPA.

What are the key takeaways from ENI SPA's 20-F?

ENI SPA filed this 20-F on April 5, 2024. Key takeaways: ENI SPA filed its annual report on Form 20-F for the fiscal year ending December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal business is Crude Petroleum & Natural Gas..

Is ENI SPA a risky investment based on this filing?

Based on this 20-F, ENI SPA presents a moderate-risk profile. The company operates in the volatile Crude Petroleum & Natural Gas industry, which is subject to significant market fluctuations and regulatory changes, as indicated by its SIC code and the nature of its business.

What should investors do after reading ENI SPA's 20-F?

Investors should review the detailed financial statements and risk factors within the 20-F to understand ENI SPA's performance and outlook in the energy market. The overall sentiment from this filing is neutral.

Risk Factors

Key Dates

Filing Stats: 5,512 words · 22 min read · ~18 pages · Grade level 15.5 · Accepted 2024-04-05 10:31:32

Filing Documents

Item 18

Item 17 Item 18 If this is an an n u a l r eport, indic a te b y check ma r k w hether the r egist r ant is a sh e ll compa n y (as de f ined in R ule 12b-2 of the E x change Act). Y es No Table of Contents T ABLE OF CONTENTS Page Certain defined terms iii Presentation of financial and other information iii iii Glossary v Abbreviations and conversion table ix P A R T I Item 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS 1 Item 2. OFFER STATISTICS AND EXPECTED TIMETABLE 1 Item 3. KEY INFORMATION 1

Risk factors

Risk factors 1 Item 4. INFORMATION ON THE COMPANY 20 History and development of the Company 20 BUSINESS OVERVIEW 37 Exploration & Production 37 Global Gas & LNG Portfolio 67 Enilive, Refining and Chemicals 71 Plenitude & Power 80 Corporate and Other activities 84 Research and development 84 Insurance 86 Environmental matters 86 Regulation of Eni's businesses 96 Property, plant and equipment 106 Organizational structure 106 Item 4A. UNRESOLVED STAFF COMMENTS 107 Item 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 107 Operating results 107 Liquidity and capital resources 122 Recent developments and significant transactions 127 Management's expectations of operations 128 Item 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 138 Directors and Senior Management 138 Compensation 147 Board practices 148 Employees 165 Share ownership 166 Item 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 167 i Table of Contents Major Shareholders 167 Related parties transactions 167 Item 8. FINANCIAL INFORMATION 168 Consolidated Statements and other financial information 168 Significant changes 168 Item 9. THE OFFER AND THE LISTING 169 Offer and listing details 169 Markets 170 Item 10. ADDITIONAL INFORMATION 171 Memorandum and Articles of Association 171 Material contracts 178 Exchange controls 178 Taxation 178 Documents on display 183 Item 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 184 Item 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 186 Item 12A. Debt securities 186 Item 12B. Warrants and rights 186 Item 12C. Other securities 186 Item 12D. American Depositary Shares 186 P A R T II Item 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 188 Item 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 188 Item 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 188 Item 16. [RESERVED] 189 Item 16A. Board of Statutory Auditors financial expert 189 Item 16B. Code of Ethics 189 Item 16C. Principal accountant fees and services 189 Item 16D. Exemptions from the Listing Standards for Audit Committees 190 Item 16E. Purchases of equity securities by the issuer and affiliated purchasers 190 Item 16F. Change in Registrant's Certifying Accountant 191 Item 16G. Significant differences in Corporate Governance practices as per Section 303A.11 of the New York Stock Exchange Listed Company Manual 191 Item 16H. Mine safety disclosure 194 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 194 Item 16K. Cybersecurity 194 P A R T III Item 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 198 Item 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 198 Item 19. EXHIBITS 199 ii Table of Contents Ce r tain dis c losu r es contained he r ein in c ludin g , without limitation, ce r tain in f ormation appearing in "Item 4 – In f ormation on the Compa n y", and in pa r ticular "Item 4 – Explo r ation & P r oductio n ", "Item 5 – Ope r ating and Financial R e view and P r ospects" and "Item 11 – Quantitat i v e and Qualitat i v e Dis c losu r es about Ma rk et Risk" contain f or w a r d-looking statements r e g a r ding futu r e e v ents and the futu r e r esults of Eni that a r e based on cur r ent e xpectation s , estimate s , f o r ecast s , and p r ojections about the industries in w hi c h Eni ope r ates and the beliefs and assumptions of the mana g ement of Eni. Eni may also ma k e f or w a r d-looking statements in other written material s , in c luding other documents f iled with or furnished to the U . S . Securities and E x c han g e Commission (the "SEC"). In addition, Eni ' s senior mana g ement may ma k e f or w a r d-looking statements o r al l y to ana l yst s , i n v esto r s , r ep r esentat i v es of the media and othe rs . In pa r ticula r , among other statement s , ce r tain statements with r e g a r d to mana g ement object i v e s , t r ends in r esults of ope r ation s , ma r gin s , cost s , r eturn on capital, risk mana g ement and competition a r e f or w a r d looking in natu r e . W o r ds su c h as e xpects', anticipates', ta rg ets', g oals', p r ojects', intends', plans', beli e v es', seeks', estimates', v ariations of su c h w o r d s , and similar e xp r essions a r e intended to identify su c h f or w a r d-looking statement s . These f or w a r d-looking statements a r e on l y p r edictions and a r e subject to risk s , unce r taintie s , and assumptions that a r e dif f icult to p r edict because th e y r elate to e v ents and depend on ci r cumstances that will occur in the futu r e . The r e f o r e , Eni ' s actual r esults may dif f er materia

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