Eni S.p.A. Files Interim Financial Report

Ticker: EIPAF · Form: 6-K · Filed: Aug 29, 2024 · CIK: 1002242

Eni Spa 6-K Filing Summary
FieldDetail
CompanyEni Spa (EIPAF)
Form Type6-K
Filed DateAug 29, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$210 million
Sentimentneutral

Sentiment: neutral

Topics: financial-report, interim-results, sec-filing

TL;DR

Eni dropped its Q2 2024 interim report on 8/29 - check it for financials.

AI Summary

Eni S.p.A. filed a Form 6-K on August 29, 2024, to report its interim consolidated financial results as of June 30, 2024. The filing includes financial statements and related information for the period ending June 30, 2024, as required for foreign issuers.

Why It Matters

This filing provides investors with an update on Eni's financial performance and position as of mid-2024, crucial for assessing the company's ongoing operations and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing and does not contain new material events or significant changes.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

The purpose of this Form 6-K is to report Eni S.p.A.'s interim consolidated financial results as of June 30, 2024.

When was this report filed with the SEC?

This report was filed with the SEC on August 29, 2024.

What period do the interim consolidated financial results cover?

The interim consolidated financial results cover the period as of June 30, 2024.

Is Eni S.p.A. required to file annual reports under Form 20-F or 40-F?

Yes, Eni S.p.A. indicates it files annual reports under cover of Form 20-F.

What is Eni S.p.A.'s principal executive office address?

Eni S.p.A.'s principal executive office is located at Piazzale Enrico Mattei 1, 00144 Rome, Italy.

Filing Stats: 4,433 words · 18 min read · ~15 pages · Grade level 9.4 · Accepted 2024-08-29 11:22:57

Key Financial Figures

Filing Documents

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorised. Eni S.p.A. /s/ Paola Mariani Name: Paola Mariani Title: Head of Corporate Secretary’s Staff Office Date: August 2, 2024 Mission 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. Disclaimer This report contains certain forward-looking statements in particular under the section “Outlook” regarding capital expenditures, dividends, buy-back programs, allocation of future cash flow from operations, financial structure evolution, future operating performance, targets of production and sale growth and the progress and timing of projects. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ from those expressed in such statements, depending on a varie

Financial statements

Financial statements 58 Notes to the condensed consolidated interim financial statements 64 Management’s certification 97 Report of Independent Auditors 98 3. ANNEX List of companies owned by Eni SpA as of June 30, 2024 102 Changes in the scope of consolidation for the first half of 2024 149 1 INTERIM CONSOLIDATED REPORT Highlights 4 Key operating and financial results 6 OPERATING REVIEW Exploration & Production 8 Global Gas & LNG Portfolio 11 Enilive and Plenitude 13 Refining, Chemicals and Power 17 FINANCIAL REVIEW AND OTHER INFORMATION Financial review 19 Risk factors and uncertainties 42 Outlook 53 Other information 54 4 INTERIM CONSOLIDATED REPORT 2024 Highlights Strategic and financial highlights Strong strategic progress achieving key milestones. In the first half ‘24, Eni delivered efficient growth and portfolio rationalization while remaining financially disciplined. Agreement with Ithaca Energy creating a transformational combination, combining two highly complementary UK upstream portfolios to establish a new satellite and a leading operator in the UKCS able to deliver growth and value by leveraging financial and technical synergies. Also, as part of Eni’s objective for upgrading the E&P portfolio and divesting non-strategic assets, Eni agreed the sale of its Alaska properties, while completing on the divestment of its onshore Nigeria activities. Signed an exclusivity agreement with KKR for the valorization of 20-25% of Enilive. We expect to close the transaction by year end. The sale has been agreed on a valuation of the company between €11.5 billion and €12.5 billion and similar to the deal concluded by Plenitude earlier in 2024 both helps to fund growth and confirms the value being created. Established a Joint Venture between Enilive, Petronas and Euglena Co. Ltd to build and operate a biorefinery within the Pengerang industrial site in Malaysia, whi

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