Eni announces new business structure to drive energy transition

Eni’s Board of Directors has approved a major reorganisation aimed at enhancing the company’s operational excellence and accelerating its transition towards a low-carbon future. Under the leadership of CEO Claudio Descalzi, Eni will streamline its operations into three key structures: Chief Transition & Financial Officer, Global Natural Resources, and Industrial Transformation.

The new structure is designed to unlock the value of Eni’s satellite companies, such as Plenitude and Enilive, which focus on energy transition. Eni will also integrate its upstream, midstream, and trading operations to maximise synergies across the value chain. The company plans to strengthen its biorefining, circular chemistry, and carbon capture capabilities to support its long-term sustainability goals.

“The new structure represents a significant evolution that will further strengthen the  implementation of our strategy. The new organisation will allow us to further enhance our operational  excellence throughout our businesses, accelerate our strategic path towards decarbonization and  maximise value creation, strongly focusing on the transformation and relaunch of businesses  structurally inhibited by the scenario, in a context of strong control over efficiency,” Descalzi said. 

Eni’s Global Natural Resources division, headed by Guido Brusco, will focus on upstream projects with low emissions and further develop new agri-hub and carbon capture ventures. Meanwhile, the Industrial Transformation division, led by Giuseppe Ricci, will drive the transformation of Eni’s chemical and downstream sectors, focusing on innovation, specialisation, and circularity.

This restructuring aligns with Eni’s broader strategy to enhance its position as a global leader in the energy transition, while maintaining its competitive edge in traditional oil and gas operations.