XML 114 R43.htm IDEA: XBRL DOCUMENT v3.19.1
Segment information and information by geographical area
 12 Months Ended
Dec. 31, 2018
Disclosure of Segmental Analysis [Abstract]  
Disclosure of entity's operating segments [text block]
35 Segment information and information by geographical area
 
Segment information 
 
Eni’s segmental reporting reflects the Group’s operating segments, whose results are regularly reviewed by the chief operating decision maker (the CEO) to make decisions about resources to be allocated to each segment and to assess segment performance.
 
Segment performance is evaluated based on operating profit or loss. Other segment information presented to the CEO include segment revenues and directly attributable assets and liabilities.
 
As of December 31, 2018, Eni had the following reportable segments:
 
 
•
Exploration & Production: 
engages in the exploration, development and production of crude oil, LNG and natural gas, including projects to build and operate liquefaction plants of natural gas;
 
 
•
Gas & Power: 
engages in supply and marketing of natural gas at wholesale and retail markets, supply and marketing of LNG and supply, production and marketing of power at retail and wholesale markets. Gas & Power is engaged in supply and marketing of crude oil and oil products targeting the operational requirements of Eni’s refining business and in commodity trading (including crude oil, natural gas, oil products, power, emission allowances, etc.) targeting to both hedge and stabilize the Group industrial and commercial margins according to an integrated view and to optimize margins.
 
 
•
Refining & Marketing and Chemical: 
engages in the manufacturing, supply and distribution and marketing activities of oil products and chemical products. The results of the Chemicals business have been aggregated to those of the Refining & Marketing business in a single reportable segment, because these two operating segments exhibit similar economic characteristics.
 
 
•
Corporate and other activities: 
include the costs of the Group HQ functions which provide services to the operating subsidiaries, comprising holding, financing and treasury, IT, HR, real estate, legal assistance, captive insurance, planning and administration activities, as well as the results of the Group environmental cleanup and remediation activities performed by the subsidiary Syndial. The Energy Solutions Department, which engages in developing the business of renewable energy, is an operating segment, which is reported within Corporate and other activities because it does not meet the materiality threshold for separate segment reporting.
 
Information by segment is as follows:
 
 
 
 
(€ million)
 
Exploration &
Production
 
Gas &
Power
 
Refining &
Marketing
and Chemical
 
Corporate
and other
activities
 
Adjustments
of intragroup
profits
 
Total
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales from operations(a)
 
 
25,744
 
 
 
55,690
 
 
 
25,216
 
 
 
1,589
 
 
 
 
 
 
 
 
 
Less: intersegment sales
 
 
(15,801
)
 
 
(12,581
)
 
 
(2,622
)
 
 
(1,413
)
 
 
 
 
 
 
 
 
Net sales to customers
 
 
9,943
 
 
 
43,109
 
 
 
22,594
 
 
 
176
 
 
 
 
 
 
 
75,822
 
Operating profit
 
 
10,214
 
 
 
629
 
 
 
(380
)
 
 
(691
)
 
 
211
 
 
 
9,983
 
Net provisions for contingencies
 
 
235
 
 
 
53
 
 
 
274
 
 
 
579
 
 
 
(21
)
 
 
1,120
 
Depreciation and amortization
 
 
6,152
 
 
 
408
 
 
 
399
 
 
 
59
 
 
 
(30
)
 
 
6,988
 
Impairments of tangible and intangible assets
 
 
1,025
 
 
 
56
 
 
 
193
 
 
 
18
 
 
 
 
 
 
 
1,292
 
Reversals of tangible and intangible assets
 
 
299
 
 
 
127
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
426
 
Write-off
 
 
97
 
 
 
1
 
 
 
2
 
 
 
 
 
 
 
 
 
 
 
100
 
Share of profit (loss) of equity-accounted investments
 
 
158
 
 
 
9
 
 
 
(67
)
 
 
(168
)
 
 
 
 
 
 
(68
)
Identifiable assets(b)
 
 
63,051
 
 
 
9,989
 
 
 
11,692
 
 
 
1,171
 
 
 
(420
)
 
 
85,483
 
Unallocated assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32,890
 
Equity-accounted investments
 
 
4,972
 
 
 
494
 
 
 
275
 
 
 
1,303
 
 
 
 
 
 
 
7,044
 
Identifiable liabilities(c)
 
 
18,110
 
 
 
8,314
 
 
 
4,319
 
 
 
4,072
 
 
 
(275
)
 
 
34,540
 
Unallocated liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32,760
 
Capital expenditure in tangible and intangible assets
 
 
7,901
 
 
 
215
 
 
 
877
 
 
 
143
 
 
 
(17
)
 
 
9,119
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales from operations(a)
 
 
19,525
 
 
 
50,623
 
 
 
22,107
 
 
 
1,462
 
 
 
 
 
 
 
 
 
Less: intersegment sales
 
 
(12,394
)
 
 
(10,777
)
 
 
(2,336
)
 
 
(1,291
)
 
 
 
 
 
 
 
 
Net sales to customers
 
 
7,131
 
 
 
39,846
 
 
 
19,771
 
 
 
171
 
 
 
 
 
 
 
66,919
 
Operating profit
 
 
7,651
 
 
 
75
 
 
 
981
 
 
 
(668
)
 
 
(27
)
 
 
8,012
 
Net provisions for contingencies
 
 
479
 
 
 
(20
)
 
 
182
 
 
 
245
 
 
 
 
 
 
 
886
 
Depreciation and amortization
 
 
6,747
 
 
 
345
 
 
 
360
 
 
 
60
 
 
 
(29
)
 
 
7,483
 
Impairments of tangible and intangible assets
 
 
650
 
 
 
56
 
 
 
131
 
 
 
25
 
 
 
 
 
 
 
862
 
Reversals of tangible and intangible assets
 
 
808
 
 
 
202
 
 
 
77
 
 
 
 
 
 
 
 
 
 
 
1,087
 
Write-off
 
 
260
 
 
 
2
 
 
 
1
 
 
 
 
 
 
 
 
 
 
 
263
 
Share of profit (loss) of equity-accounted investments
 
 
(99
)
 
 
(10
)
 
 
(57
)
 
 
(101
)
 
 
 
 
 
 
(267
)
Identifiable assets(b)
 
 
66,661
 
 
 
11,058
 
 
 
11,599
 
 
 
1,108
 
 
 
(610
)
 
 
89,816
 
Unallocated assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25,112
 
Equity-accounted investments
 
 
1,234
 
 
 
509
 
 
 
321
 
 
 
1,447
 
 
 
 
 
 
 
3,511
 
Identifiable liabilities(c)
 
 
17,273
 
 
 
8,851
 
 
 
4,005
 
 
 
4,053
 
 
 
(306
)
 
 
33,876
 
Unallocated liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
32,973
 
Capital expenditure in tangible and intangible assets
 
 
7,739
 
 
 
142
 
 
 
729
 
 
 
87
 
 
 
(16
)
 
 
8,681
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales from operations(a)
 
 
16,089
 
 
 
40,961
 
 
 
18,733
 
 
 
1,343
 
 
 
 
 
 
 
 
 
Less: intersegment sales
 
 
(9,711
)
 
 
(8,898
)
 
 
(1,605
)
 
 
(1,150
)
 
 
 
 
 
 
 
 
Net sales to customers
 
 
6,378
 
 
 
32,063
 
 
 
17,128
 
 
 
193
 
 
 
 
 
 
 
55,762
 
Operating profit
 
 
2,567
 
 
 
(391
)
 
 
723
 
 
 
(681
)
 
 
(61
)
 
 
2,157
 
Net provisions for contingencies
 
 
123
 
 
 
50
 
 
 
171
 
 
 
438
 
 
 
(277
)
 
 
505
 
Depreciation and amortization
 
 
6,772
 
 
 
354
 
 
 
389
 
 
 
72
 
 
 
(28
)
 
 
7,559
 
Impairments of tangible and intangible assets
 
 
740
 
 
 
167
 
 
 
120
 
 
 
40
 
 
 
 
 
 
 
1,067
 
Reversals of tangible and intangible assets
 
 
1,440
 
 
 
86
 
 
 
16
 
 
 
 
 
 
 
 
 
 
 
1,542
 
Write-off
 
 
153
 
 
 
2
 
 
 
195
 
 
 
 
 
 
 
 
 
 
 
350
 
Share of profit (loss) of equity-accounted investments
 
 
(198
)
 
 
19
 
 
 
(3
)
 
 
(144
)
 
 
 
 
 
 
(326
)
Identifiable assets(b)
 
 
75,716
 
 
 
12,014
 
 
 
10,712
 
 
 
1,146
 
 
 
(520
)
 
 
99,068
 
Unallocated assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25,477
 
Equity-accounted investments
 
 
1,626
 
 
 
592
 
 
 
289
 
 
 
1,533
 
 
 
 
 
 
 
4,040
 
Identifiable liabilities(c)
 
 
17,433
 
 
 
8,923
 
 
 
3,968
 
 
 
3,939
 
 
 
(332
)
 
 
33,931
 
Unallocated liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
37,528
 
Capital expenditure in tangible and intangible assets
 
 
8,254
 
 
 
120
 
 
 
664
 
 
 
55
 
 
 
87
 
 
 
9,180
 
 
 
(a)    Before elimination of intersegment sales.
 
(b)    Includes assets directly associated with the generation of operating profit.
 
(c)    Includes liabilities directly associated with the generation of operating profit.
Financial information by geographical area
Identifiable assets and investments by geographical area of origin
(€ million)
 
Italy
 
Other
European
Union
 
Rest of
Europe
 
Americas
 
Asia
 
Africa
 
Other
areas
 
Total
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets(a)
 
 
18,646
 
 
 
7,086
 
 
 
1,031
 
 
 
4,546
 
 
 
16,910
 
 
 
36,155
 
 
 
1,109
 
 
 
85,483
 
Capital expenditure in tangible and intangible assets
 
 
1,424
 
 
 
267
 
 
 
538
 
 
 
534
 
 
 
1,782
 
 
 
4,533
 
 
 
41
 
 
 
9,119
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets(a)
 
 
18,449
 
 
 
7,706
 
 
 
6,160
 
 
 
4,406
 
 
 
16,527
 
 
 
35,385
 
 
 
1,183
 
 
 
89,816
 
Capital expenditure in tangible and intangible assets
 
 
1,090
 
 
 
316
 
 
 
387
 
 
 
278
 
 
 
898
 
 
 
5,699
 
 
 
13
 
 
 
8,681
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets(a)
 
 
18,769
 
 
 
7,370
 
 
 
6,960
 
 
 
5,397
 
 
 
19,471
 
 
 
39,812
 
 
 
1,289
 
 
 
99,068
 
Capital expenditure in tangible and intangible assets
 
 
1,163
 
 
 
331
 
 
 
460
 
 
 
233
 
 
 
1,978
 
 
 
5,004
 
 
 
11
 
 
 
9,180
 
 
 
 
 
 
 
 
 
 
(a)    Includes assets directly associated with the generation of operating profit.
Net sales from operations by geographical area of destination
(€ million)
 
2018
 
2017
 
2016
Italy
 
 
25,279
 
 
 
21,925
 
 
 
21,280
 
Other European Union
 
 
20,408
 
 
 
19,791
 
 
 
15,808
 
Rest of Europe
 
 
7,052
 
 
 
5,911
 
 
 
4,804
 
Americas
 
 
5,051
 
 
 
5,154
 
 
 
3,212
 
Asia
 
 
9,585
 
 
 
7,523
 
 
 
5,619
 
Africa
 
 
8,246
 
 
 
6,428
 
 
 
4,865
 
Other areas
 
 
201
 
 
 
187
 
 
 
174
 
 
 
 
 
75,822
 
 
 
66,919
 
 
 
55,762