<SEC-DOCUMENT>0001174947-19-000602.txt : 20190426
<SEC-HEADER>0001174947-19-000602.hdr.sgml : 20190426
<ACCEPTANCE-DATETIME>20190426072508
ACCESSION NUMBER:		0001174947-19-000602
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190426
FILED AS OF DATE:		20190426
DATE AS OF CHANGE:		20190426

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENI SPA
		CENTRAL INDEX KEY:			0001002242
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14090
		FILM NUMBER:		19769357

	BUSINESS ADDRESS:	
		STREET 1:		PIAZZALE ENRICO MATTEI 1
		CITY:			ROME ITALY
		STATE:			L6
		ZIP:			00144
		BUSINESS PHONE:		011390659824367

	MAIL ADDRESS:	
		STREET 1:		PIAZZALE ENRICO MATTEI 1
		CITY:			ROME ITALY
		STATE:			L6
		ZIP:			00144
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>c519582_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps"></FONT></P>

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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Form 6-K</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Report
of Foreign Issuer</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Pursuant to Rule
13a-16 or 15d-16 of</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">the Securities
Exchange Act of 1934</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">For the month
of April 2019</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>Eni S.p.A.</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Exact name of
Registrant as specified in its charter)</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Piazzale Enrico
Mattei 1 &mdash; 00144 Rome, Italy</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal
executive offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Form 20-F <FONT STYLE="font-family: Wingdings">x</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2b under the Securities Exchange Act of 1934.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No
<FONT STYLE="font-family: Wingdings">x</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(If
&quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Table
of contents</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><A HREF="#a_001" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>-</B></FONT></A></TD><TD STYLE="text-align: justify"><A HREF="#a_001" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt"><B>Press release on Eni&rsquo;s first quarter 2019 results</B></FONT></A></TD>
</TR></TABLE>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">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.</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 29%"><FONT STYLE="font-size: 10pt">Eni S.p.A.</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Vanessa Siscaro</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Vanessa Siscaro</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Head of Corporate</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Secretary&rsquo;s Staff Office</FONT></TD></TR>
</TABLE>
<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 0 318.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Date: April 26, 2019</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_001"></A>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%">
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="c519582_img1.jpg" ALT=""></P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Rome</FONT></P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">April 24, 2019</FONT></P></TD>
    <TD STYLE="width: 35%">
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Sede legale,</FONT></P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Piazzale Enrico Mattei,
        1</FONT></P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">00144 Roma</FONT></P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Tel. +39 06598.21</FONT></P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">www.eni.com</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 324.6pt; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Eni: first quarter
2019 results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; background-color: rgb(255, 212, 101); width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Key operating and financial results<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="width: 50%; font: 11pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">67.76</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Brent dated</FONT></TD>
    <TD STYLE="width: 10%; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">$/bbl</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">63.20</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">66.76</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(5)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1.141</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Average EUR/USD exchange rate</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">1.136</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1.229</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(8)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">59.37</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Brent dated</FONT></TD>
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&euro;/bbl</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">55.65</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">54.32</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,872</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Hydrocarbon
    production</B></FONT></TD>
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">kboe/d</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,832</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,867</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,992</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted operating
    profit (loss) <SUP>(a)</SUP></B></FONT></TD>
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&euro; million</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,354</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,380</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>2,928</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>of which:&nbsp;&nbsp;E&amp;P</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>2,308</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>2,085</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>11</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>42</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.625in"><FONT STYLE="font-size: 10pt"><I>G&amp;P</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>372</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>322</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>16</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Gray 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>143</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.625in; border-bottom: Gray 1pt solid"><FONT STYLE="font-size: 10pt"><I>R&amp;M
    and Chemicals</I></FONT></TD>
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Gray 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Gray 1pt solid; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>(55)</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Gray 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>77</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Gray 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>..</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,450</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted net profit
    (loss) <SUP>(a)(b)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>992</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>978</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>0.40</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>- per share (&euro;)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>0.28</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>0.27</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>399</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net profit (loss) <SUP>(b)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>1,092</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>946</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>15</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>0.11</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><I>- per
    share (&euro;)</I></FONT></TD>
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>0.30</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>0.26</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>3,277</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net cash from operations
    at replacement cost <SUP>(c)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>3,415</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>3,166</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>4,325</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net cash from operations</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,097</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,187</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(4)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">2,424</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net capital expenditure <SUP>(d)(e)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">1,847</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1,776</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">8,289</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net borrowings before lease liability
    ex IFRS 16</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">8,678</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">11,278</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(23)</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">8,289</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net borrowings after lease liability ex
    IFRS 16</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">14,496</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">11,278</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">51,073</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Shareholders' equity including non-controlling
    interest</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt">52,776</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">48,232</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>0.16</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Leverage before lease liability ex
    IFRS 16</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>0.16</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>0.23</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>(30)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>n.a.</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt"><B>Leverage
    after lease liability ex IFRS 16</B></FONT></TD>
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double; background-color: rgb(242,242,242); vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>0.27</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>n.a.</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>..</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(a) Non-GAAP measure. For further information see the paragraph
&quot;Non-GAAP measures&quot; on page 17.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(b) Attributable to Eni's shareholders.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(c) Non-GAAP measure. Net cash provided by operating activities
before changes in working capital excluding inventory holding gains or losses.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(d) Include capital contribution to equity accounted entities.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(e) Net of expenditures relating to reserves acquisition, purchase
of minority interests and other non-organic items.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Today, Eni&rsquo;s Board of Directors approved
the Group results for the first quarter of 2019 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">&ldquo;</FONT><FONT STYLE="font-size: 10pt"><I>I
am very pleased of the excellent industrial and financial performance delivered by Eni in IQ 2019. Particularly, in light of a
substantially unchanged market scenario, the E&amp;P business has improved its operating profit by 25% compared to the first quarter
of 2018, confirming our expectations of the business growing cash generation for the full year. The results of the G&amp;P segment
also improved; the 16% increase in operating profit to &euro;372 million puts us on the path to achieving our &euro;500 million
profit target for the full year. The performance of the Downstream R&amp;M and Chemicals business offset the effect of weaker margins
and we expect to see a broad recovery over the next nine months, particularly in oil Refining and Marketing. Overall, first quarter
operations generated a cash flow of &euro;3.42 billion, up 8% and &euro;1.5 billion greater than the investments for the period
of around &euro;1.9 billion, which is in line with the expectations of &euro;8 billion for the whole year. The Group confirms that
it can leverage on the quality and robustness of its asset portfolio, capable of covering costs, investments and dividends at a
Brent price of US$ 55, in addition to generating a cash surplus in the event of higher prices, as in current trading conditions.&rdquo;</I></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>1
</SUP></FONT><FONT STYLE="font-size: 8pt">Results of operations, cash flow and statement of financial position for the three-month
period ended and as at March 31, 2019 included the effects of the new accounting standard IFRS 16 &ndash;Leases. Since as permitted
by the standard the comparative periods have not been restated, to enable the users of this report to make a homogeneous comparison,
the effect of IFRS 16 on the results of the first quarter 2019 have been disclosed with reference to the single items of the profit
and loss, cash flow and statement of the financial position and as whole in the tables presented on page 15.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; background-color: rgb(255, 212, 101); width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Highlights</B></FONT></TD>
    <TD STYLE="width: 50%; font: 12pt Palatino Light; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><FONT STYLE="font-size: 12pt">Exploration
&amp; Production</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 21.25pt; text-align: justify; text-indent: -21.25pt; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Hydrocarbon
                                         production</B> of the first quarter 2019: 1.83 million boe/d; down by 1.3% net of price
                                         and portfolio effects;</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">q-o-q
                                         change is affected by the termination of the Intisar production contract in Libya from
                                         the third quarter of 2018 and mature fields decline. These negative effects were almost
                                         completely offset by strong organic production increases due to the ramp-up of the Zohr
                                         field and of the projects started in 2018 (overall 200 kboe/d).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 35.45pt; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exploration:</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.45pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font-size: 10pt"><B>main
successes</B>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in; color: #666666"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">new
                                         discoveries totaled 174 mmboe:</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">a major
oil discovery was made in the Agogo exploration permit located in Block 15/06 (Eni operator 36.8%) deep offshore Angola, with
up to 650 million barrels of oil in place. Agogo is the third discovery made since the resumption of exploration activities in
2018 in Block 15/06, following Kalimba and Afox&eacute;;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">V&aring;r
Energi made an oil and gas discovery in the PL 869 licence in the Norwegian North Sea;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt">a gas
discovery was made in the exploration permit Nour in the Egyptian Mediterranean Sea, operated by Eni (40%).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>rebuilding
Eni&rsquo;s mineral interests portfolio</B>:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in; color: #666666"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">acquired
                                         13 licences by V&aring;r Energi in the Norwegian APA Round;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in; color: #666666"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">acquired
                                         certain interests in two exploration blocks onshore Egypt: &ldquo;South East Siwa&rdquo;
                                         (Eni 100%) covering 3,013 km<SUP>2</SUP>, close to the &ldquo;SW Melehia&rdquo; concession
                                         and &ldquo;West Sherbean&rdquo; (Eni operator 50%) covering 1,535 km<SUP>2</SUP>, located
                                         in the Nile Delta close to the Nooros field;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in; color: #666666"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">signed
                                         an Exploration and Production Sharing Agreement for Block A, covering 2,412 km<SUP>2
                                         </SUP>offshore Ras Al Khaimah (UAE). Eni will retain operatorship with a 90% participating
                                         interest.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signed
                                         agreements to divest to <B>Qatar Petroleum</B>:</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a
                                         30% interest in the Tarfaya exploration license, offshore <B>Morocco</B>, which includes
                                         12 exploration blocks. At the closing date, Eni will retain a 45% interest and the operatorship;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .5in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">a
                                         25.5% interest in Block A5-A, offshore Mozambique.&nbsp;At the closing date, Eni will
                                         retain the operatorship with a 34% interest.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .5in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net
                                         capex<SUP>2</SUP></B>: &euro;1.6 billion, mainly relating to new fields development
                                         and ramp-ups</FONT> <FONT STYLE="font-size: 10pt">of <FONT STYLE="font-family: Times New Roman, Times, Serif">fields
                                         started up in 2018. Progress at initiatives designed to increase 2019 production capacity
                                         are in line with plans.</FONT></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         operating profit of Exploration &amp; Production</B>: &euro;2.31 billion, up by 11% q-o-q,
                                         a 25% increase when excluding the prior year contribution from the former subsidiary
                                         Eni Norge which was merged with Point Resources to establish V&aring;r Energi, in operation
                                         since 1/1/2019.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><FONT STYLE="font-size: 12pt">Gas &amp; Power</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LNG
                                         sales</B>: unchanged at 2.7 billion cubic meters.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Retail
                                         business</B>: increasing the customer base by 6% q-o-q due to growth in the power business
                                         and the acquisition of assets in Greece. Natural gas volumes declined by 4.5% due to
                                         mild winter weather.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>2
</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">See note (e) at page 1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         operating profit G&amp;P: </B>&euro;0.37 billion, up by 16% q-o-q supported by growth
                                         in both the midstream and retail businesses.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><FONT STYLE="font-size: 12pt">Refining
&amp; Marketing and Chemicals</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Gela
                                         green refinery</B>: started up some production units; expected further start-ups in May
                                         and full operations in the fourth quarter of 2019.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EST
                                         plant at the Sannazzaro refinery</B>: accomplished the early start-up in March 2019,
                                         full start-up expected by the third quarter.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ADNOC
                                         refinery</B>: activities are ongoing to finalize the acquisition of the 20% interest
                                         in the third quarter of 2019.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         operating profit R&amp;M: </B>substantially at breakeven thanks to the contribution of
                                         marketing activities, offsetting a weak refining scenario and the advanced maintenance
                                         standstills at refineries to counteract the scenario.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         result of the Chemicals business: </B>a &euro;46 million loss, negatively affected by
                                         the unplanned shutdown at the Priolo hub, which is now in the process of restarting.
                                         Excluding this effect, results are substantially at breakeven, notwithstanding weak margins
                                         in all product lines (polymers, elastomers and styrenics).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><FONT STYLE="font-size: 12pt">Decarbonization
and circular economy</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Started
                                         the construction of two new solar photovoltaic projects, </B>near the gas field of Bhit
                                         in Pakistan and in the oil concession of Adam in Tunisia, respectively.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Finalized
                                         the acquisition of a construction-ready solar photovoltaic</B> project near Katherine,
                                         in the Northern Territory of Australia, with a targeted installed capacity of 33.7 MW.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Constructed
                                         the <B>Inertial&nbsp;Sea Wave Energy Converter</B> at the Ravenna offshore platform<I>,
                                         </I>an innovative technology that will convert wave-generated energy into electricity.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signed
                                         an <B>agreement between Syndial and Veritas</B> to build a plant at Porto Marghera to
                                         transform the organic fraction of solid municipal waste (OFSMW) into bio-oil and bio-methane.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signed
                                         a <B>collaboration agreement</B> with <B>RenOils</B>, the Italian national vegetable
                                         and animal oils and fats Consortium, aimed at recovering used vegetable oils to produce
                                         biofuels at Eni&rsquo;s biorefineries.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><FONT STYLE="font-size: 12pt">Group
results</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         operating profit: </B>&euro;2.35 billion for the quarter, in line q-o-q. Excluding on
                                         a-like-for-like comparison the effect of the loss of control over Eni Norge on the 2018
                                         results, adjusted operating profit increased by 10% or 7% excluding IFRS 16 accounting
                                         effects. Furthermore, 2019 results are negatively affected by the elimination of <B>unrealized
                                         profit in stock</B> amounting to &euro;134 million (it was a positive &euro;58 million
                                         in the IQ 2018).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         net profit</B>: &euro;0.99 billion for the quarter, in line q-o-q (up by 4% excluding
                                         IFRS 16 accounting effects).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net
                                         profit</B>: &euro;1.09 billion.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cash
                                         flow provided by operating activities: </B>&euro;2.1 billion, which was negatively affected
                                         by an extraordinary payment for the settlement of an arbitration (&euro;330 million).
                                         Excluding this payment and the positive IFRS 16 impact from the 2019 cash flow, the performance
                                         was in line with IQ 2018.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cash
                                         flow provided by operating activities before working capital changes at replacement cost:
                                         </B>&euro;3.42 billion for the quarter; &euro;3.18 billion excluding IFRS 16 accounting
                                         effects, in line with the IQ 2018.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Capital
                                         expenditure and investment, net</B>: &euro;1.85 billion net of the purchase of reserves
                                         in Alaska and Algeria (IFRS 16 effects were immaterial).</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net
                                         borrowings: </B>&euro;14.5 billion, of which around &euro;2 billion pertaining to the
                                         share of lease liabilities attributable to joint operators in Eni-led upstream Joint
                                         Operations. Net borrowings would be &euro;8.68 billion when excluding the overall effect
                                         of IFRS 16.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Leverage</B>:
                                         0.27, or 0.24 excluding the above mentioned share of lease liabilities attributable to
                                         joint operators. Leverage would be 0.16 billion when excluding the effect of IFRS 16,
                                         unchanged compared to December 31, 2018.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; background-color: rgb(255, 212, 101); width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Outlook 2019</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">Exploration &amp; Production</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Hydrocarbons
production</B>: the growth rate for 2019 is confirmed at 2.5% y-o-y, under a Brent price forecast of 62 $/bbl and net of portfolio
transactions. Growth will be fuelled by continuing production ramp-up at fields started in 2018, increases at the Zohr and Kashagan
fields, as well as the planned 2019 start-ups including the Area 1 oil project offshore Mexico, the Baltim SW in Egypt, the North
Berkine in Algeria and Trestakk project in Norway. A yearly contribution from start-ups and ramp-ups is expected to reach approximately
250 kboe/d. Production growth vs. 2018 will accelerate from the third quarter of 2019, after the maintenance activities concentrated
in the second quarter of 2019 (Kashagan and Goliat fields).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Exploration
resources: </B>confirmed the target of 600 million boe of equity additions for the year.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">Gas &amp; Power</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Operating
profit</B>: expected at &euro;500 million as guided.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>LNG
contracted volumes</B> expected in line vs. 2018.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Portfolio
of retail customers</B> projected to increase due to the development of the power business.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">Refining &amp; Marketing and Chemicals</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Refinery
breakeven margin expected at approximately 3.5 $/bbl at the end of 2019</B> leveraging on the full operability of the industrial
system and widening differentials between light Brent crude benchmark and high-sulphur content crudes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Refinery
throughputs on own account: </B>seen at stable levels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Green
throughputs: </B>expected a large increase due to the start-up of the Gela green refinery.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Retail
sales of refined products </B>seen stable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Petrochemical
production volumes and sales:</B> expected to decline y-o-y due to the shutdown of the Priolo hub.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Capex:
</B>confirmed the guidance of &euro;8 billion for FY 2019 at the budget exchange rate of 1&euro;=1.15 USD.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Cash
flow from operations before working capital </B>is expected at &euro;12.8 billion at the Brent price of 62 $/bbl, PSV gas price
of 266 &euro;/kmc and the EUR/USD exchange rate of 1.15, before IFRS 16 effects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Cash
neutrality</B>: organic capex and the dividend are expected to be fully funded by operating cash flows at the Brent scenario of
55 $/bbl before IFRS 16 effects, which would improve the target to 52 $/bbl.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; background-color: rgb(255, 212, 101); width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Business segments operating results </B></FONT></TD>
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0"><B>Exploration &amp; Production</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)"><B>Production and prices</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><B>2019</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>Production</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">897</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Liquids</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">kbbl/d</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">887</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">885</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: white">0</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">5,321</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Natural
    gas</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">mmcf/d</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">5,157</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">5,358</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(4)</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,872</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Hydrocarbons</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">kboe/d</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,832</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,867</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>Average
    realizations </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">61.22</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Liquids</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">$/bbl</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">58.08</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">61.17</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(5)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">6.11</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Natural
    gas</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">$/kcf</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">5.61</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">4.50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">25</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>48.05</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Hydrocarbons</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">$/boe</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>44.82</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>42.34</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>6</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the first quarter of 2019, <B>oil and natural gas production </B>averaged 1,832 kboe/d,
                                         down by 1.9% from the first quarter 2018; down by 1.3% net of price and portfolio effects.
                                         Production was also affected by approximately 5.5 percentage points due to the termination
                                         of the Intisar production contract in Libya from the third quarter of 2018. Excluding
                                         that event, production performance was robust, leveraging on the ramp-up of the Zohr
                                         field and of projects started in 2018, mainly in Libya and Ghana, and on the start-up
                                         of the Vandumbu field in Angola (with an overall contribution of 200 kboe/d), as well
                                         as on growth at the Kashagan project. These positives were partly offset by planned shutdowns
                                         in Algeria, as well as declines from mature fields.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Results</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 60%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,426</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Operating
    profit (loss) &nbsp;<I>&nbsp;</I></B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,289</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,966</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>16</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">502</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Exclusion
    of special items</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">19</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">119</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,928</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss) </B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,308</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,085</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>11</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">63</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Net finance
    (expense) income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">(124)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(56)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">88</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Net income
    (expense) from investments</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">62</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">35</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(1,521)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Income taxes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">(1,175)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(1,140)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>49.4</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>tax rate
    (%)</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>52.3</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>55.2</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,558</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss) &nbsp;<I>&nbsp;</I></B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,071</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>924</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>16</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Results also include:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>119</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Exploration
    expenses:</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>117</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>75</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>56</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">101</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">- prospecting,
    geological and geophysical expenses</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">82</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">64</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">18</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">- write-off of unsuccessful
    wells </FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">35</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,265</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: #0D0D0D 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Capital
    expenditure</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,986</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,368</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(16)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the first quarter of 2019, the Exploration &amp; Production segment reported an <B>adjusted
                                         operating profit</B> of &euro;2,308 million, up by 11% q-o-q, or 25% when excluding the
                                         prior year contribution from the former subsidiary Eni Norge which was merged with Point
                                         Resources to establish V&aring;r Energi, in operation since 1/1/2019. The 25% change,
                                         approximately &euro;0.45 billion, was mainly due to the continuing addition of barrels
                                         with higher-than-average profitability (&euro;0.22 billion) and lower costs (&euro;0.15
                                         billion), as well as the IFRS 16 impact, as disclosed on page 15. The impact of the trading
                                         environment was marginal and characterized by lower Brent prices offset by the appreciation
                                         of USD/EUR exchange rate. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in; color: #C00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         net profit </B>(&euro;1,071 million) increased by 16%, benefiting from an improved operating
                                         performance, higher results from equity accounted entities due to the contribution of
                                         V&aring;r Energi&rsquo;s results, as well as a 3 percentage point decrease in the adjusted
                                         tax rate, reflecting the deconsolidation of the Norwegian assets which were characterized
                                         by a higher taxation compared to the average of the oil&amp;gas sector. </FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt">For
the disclosure on business segment special charges, see page 9.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0"><B>Gas &amp; Power</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: rgb(192,0,0)">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #C00000"><B>Sales</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>274</B></FONT></TD>
    <TD STYLE="width: 50%; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>PSV</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&euro;/kcm</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>222</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>239</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(7)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>261</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>TTF</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>195</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>227</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(14)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>18.72</B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Natural gas
    sales</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">bcm</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>21.33</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>22.44</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(5)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">8.85</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Italy</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">10.77</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">11.19</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(4)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">7.9</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Europe</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">8.00</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">9.28</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(14)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.04</I></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>of
    which: Importers in Italy</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>1.02</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.89</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>15</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>6.86</I></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; text-indent: 0; padding-right: 5.4pt; padding-left: 0.625in"><FONT STYLE="font-size: 10pt"><I>European
    markets</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>6.98</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>8.39</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(17)</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">1.97</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of World</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">2.56</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">1.97</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">30</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>18.72</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Worldwide
    gas sales</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>21.33</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>22.44</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(5)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2.40</I></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>of
    which: LNG sales</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>2.70</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2.70</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: white"><I>0</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: gray 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>9.90</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: Black 2.25pt double; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Power
    sales</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">TWh</FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10.14</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>9.22</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the first quarter of 2019, <B>natural gas sales</B> were 21.33 bcm, down by 5% from the first quarter of 2018. Sales in Italy
were down by 4% to 10.77 bcm, due to unfavorable weather conditions that mainly affected retail sales and lower sales to hub and
wholesalers, partly offset by higher sales to industrial and thermoelectric segments. Sales in European markets (6.98 bcm) decreased
by 17% as result of portfolio rationalization.</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Power
                                         sales</B> were 10.14 TWh in the first quarter of 2019, up by 10% q-o-q due to higher
                                         volumes marketed to the Italian power exchange and to the free market.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Results </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 60%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>53</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Operating
    profit (loss)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>358</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>398</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(10)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(11)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Exclusion
    of special items</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">14</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(76)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>42</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>372</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>322</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>16</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>(48)</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>- Gas
    &amp; LNG Marketing and Power</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>226</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>181</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>25</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>90</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>- Eni
    gas e luce</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>146</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>141</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>4</I></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">1</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Net finance
    (expense) income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">(9)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">3</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">7</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Net income
    (expense) from investments</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">7</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">11</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(42)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Income taxes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">(105)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(121)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>..</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>tax rate
    (%)</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>28.4</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>36.0</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>265</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>215</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>23</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>74</B></FONT></TD>
    <TD STYLE="border-bottom: #0D0D0D 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Capital
    expenditure</B></FONT></TD>
    <TD STYLE="border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>42</B></FONT></TD>
    <TD STYLE="border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>42</B></FONT></TD>
    <TD STYLE="border-bottom: #0D0D0D 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the first quarter of 2019, the Gas &amp; Power segment reported an <B>adjusted operating profit</B> of &euro;372 million, up by
16% q-o-q mainly due to the positive contribution of the GLP business (up by &euro;45 million). The result benefitted from management&rsquo;s
ability to harness the flexibilities associated with the Company&rsquo;s integrated portfolio on the back of a remakable volatile
market environment. These positives were partly offset by the reduced margins on LNG sales due to the global market oversupply,
particularly in the Far East. Adjusted operating profit of the retail business reported an increase of &euro;5 million driven
by growth in the power business in Italy and France, as well as the strengthening of the portfolio in Greece.</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         net profit </B>amounted to &euro;265 million, up by 23% q-o-q.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">For
the disclosure on business segment special charges, see page 9.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0"><B>Refining &amp; Marketing and Chemicals</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Production and sales</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><B>2019</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black"><B>3.4</B></FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>Standard
    Eni Refining Margin (SERM)</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">$/bbl</FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><B>3.4</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>3.0</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>14</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5.10</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Throughputs in Italy</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">mmtonnes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">4.94</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">5.51</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(10)</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">0.45</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Throughputs in the rest
    of Europe</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">0.41</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">0.68</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(40)</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5.55</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Total
    throughputs</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5.35</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>6.19</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(14)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">89</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Average refineries utilization
    rate</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">%</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">86</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">97</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">90</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Green
    throughputs</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">ktonnes</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">80</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">58</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">38</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>Marketing</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2.09</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Retail
    sales in Europe</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">mmtonnes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.95</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.99</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">1.48</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Retail sales
    in Italy</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">1.38</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">1.40</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(1)</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">0.61</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Retail sales
    in the rest of Europe</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">0.57</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">0.59</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(3)</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">24.0</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Retail market
    share in Italy</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">%</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">24.1</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">24.2</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2.60</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Wholesale
    sales in Europe</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">mmtonnes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2.26</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2.37</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(5)</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">1.99</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Wholesale
    sales in Italy</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">1.69</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">1.68</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">1</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">0.61</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Wholesale
    sales in the rest of Europe</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">0.57</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">0.69</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(17)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>Chemicals</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.20</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Sales
    of petrochemical products</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">mmtonnes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.04</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.23</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(16)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 2.25pt double; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: black">76</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Average
    plant utilization rate</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">%</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">65</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">80</FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the first quarter of 2019, <B>Eni&rsquo;s Standard Refining Margin</B> &ndash; SERM &ndash;
                                         was 3.4 $/barrel, up by 14% from the first quarter of 2018 (3 $/barrel), due to higher
                                         relative prices of products compared to the cost of the petroleum feedstock. Continuing
                                         appreciation trend of high-sulphur content crudes compared to the Brent marker.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -17.85pt; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Eni
                                         refining throughputs on own account </B>were 5.35 mmtonnes, down by 14% q-o-q, due to
                                         lower volumes processed at the Sannazzaro refinery as a result of the shutdowns of the
                                         cracking plants and lower utilization rates to mitigate the negative impact of the scenario,
                                         as well as to the standstills at the PCK refinery in Germany and the unavailability of
                                         the Vohburg plant (Bayernoil) following the event occurred in September 2018.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -0.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Green
                                         throughputs </B>processed at the Venice green refinery increased by 38% q-o-q due a favourable
                                         trading environment.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -0.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Retail
                                         sales in Italy </B>of 1.38 mmtonnes were substantially in line (down by 1%) compared
                                         to the first quarter of 2018, in the context of decreasing consumptions. Reduction of
                                         marketed volumes were reported in all segments, mainly in the highway stations. Eni&rsquo;s
                                         retail market share was 24.1%, almost unchanged q-o-q.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -0.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Wholesale
                                         sales in Italy </B>were 1.69 mmtonnes, up by 1% q-o-q mainly due to higher sales of gasoil
                                         and fuel oil, as well as bitumen, thanks to effective commercial initiatives, offset
                                         by lower volumes of bunker and jet fuel.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -0.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Retail
                                         and wholesale sales in the rest of Europe </B>decreased by 11% q-o-q due to lower volumes
                                         marketed in Germany due to the unavailability of the Bayernoil plant and in France, partly
                                         balanced by higher volumes sold in Spain and Switzerland.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -0.25in; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Sales
                                         of petrochemical products </B>of 1.04 mmtonnes decreased by 16% q-o-q mainly due to lower
                                         sales of intermediates, partly offset by higher sales in styrenic and polyethylene businesses.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 60%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><B>%
    Ch.</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(946)</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Operating
    profit (loss) </B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>278</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>138</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>..</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">747</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Exclusion
    of inventory holding (gains) losses</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">(402)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(99)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">342</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Exclusion
    of special items</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">69</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">38</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>143</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss) </B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(55)</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>77</B></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>..</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>171</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>- Refining
    &amp; Marketing</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>(9)</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>18</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">..</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>(28)</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>- Chemicals</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>(46)</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>59</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">..</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">2</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Net finance
    (expense) income</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">4</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">12</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(6)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Net income
    (expense) from investments</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">21</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">23</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(44)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black">Income taxes</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black">(11)</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">(45)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>31.7</I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><I>tax rate
    (%)</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: black"><I>..</I></FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black"><I>40.2</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>95</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss) &nbsp;<I>&nbsp;</I></B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(41)</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>67</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>..</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>372</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Capital
    expenditure <I>&nbsp;</I></B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>188</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>125</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>50</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the first quarter of 2019, the <B>Refining &amp; Marketing </B>business reported an adjusted
                                         operating loss of &euro;9 million (&euro;18 million of adjusted operating profit in the
                                         first quarter of 2018) mainly due to the deteriorated trading environment for complex
                                         throughputs which was caused by narrowing differentials between high-sulphur content
                                         crudes and the light Brent crude benchmark, reflecting a shortfall in the supplies of
                                         the former. Management responded to this negative trend by reducing throughputs, making
                                         changes to refinery set-up, advancing planned maintenance at cracking units and implementing
                                         other optimizations. They also adapted products to evolving market opportunities and
                                         varied the feedstock mix. The quarterly result was helped by improving margins at simple
                                         throughputs as demonstrated by a 14% increase in the benchmark SERM margin, the appreciation
                                         of the USD over the EUR and higher margins and volumes at the green refinery plant. Marketing
                                         results were slightly down q-o-q due to lower distribution margins, particularly in Italy.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         <B>Chemicals </B>business reported an adjusted operating loss of &euro;46 million, due
                                         to the unplanned shutdown at the Priolo hub, now in the restarting phase. Excluding this
                                         impact, the result was substantially at breakeven, notwithstanding weak margins at petrochemicals
                                         commodity with the polyethylene down by 61%, the cracker margin down by 4% and other
                                         product lines down in a range of 10-20% due to continuing oversupplies and competitive
                                         pressure from cheaper products streams.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         net loss</B> amounting to &euro;41 million in the first quarter of 2019 decreased by
                                         &euro;108 million q-o-q due to lower operating performance.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: .25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: .25in"><FONT STYLE="font-size: 10pt">For the disclosure
on business segment special charges, see page 9.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; background-color: rgb(255, 212, 101); width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 16pt"><B>Group results </B></FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-bottom: Black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>20,056
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net sales from
    operations</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>18,540
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>17,932
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>3</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>1,496
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Operating profit
    (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2,518
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2,399
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>5</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">603
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Exclusion of inventory
    holding (gains) losses</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(272)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(95)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">893
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">Exclusion
    of special items <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 1pt solid; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">108
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">76
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,992
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,354
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,380
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Breakdown by segment:</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2,928
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Exploration
    &amp; Production</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>2,308
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2,085
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>11</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>42
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Gas &amp; Power</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>372
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>322
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>16</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>143
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Refining &amp;
    Marketing and Chemicals</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(55)</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>77
    </I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>..</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(173)</I></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Corporate and
    other activities</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(137)</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(162)</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>15</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double; vertical-align: top"><FONT STYLE="font-size: 10pt"><I>52
    </I></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt"><I>Impact
    of unrealized intragroup profit elimination and other consolidation adjustments <SUP>(b)</SUP></I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(134)</I></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><I>58
    </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>399
    </B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,092
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>946
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>15</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">428
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Exclusion of inventory
    holding (gains) losses</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(192)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(67)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">623
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Exclusion of special
    items <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">92
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">99
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,450
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2.5pt double; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss) attributable to Eni's shareholders </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>992
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; border-bottom: Black 2.5pt double; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>978
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 12.05pt"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(a) For further information see table &quot;Breakdown of special
items&quot;.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(b) Unrealized intragroup profit elimination mainly pertained to
intra-group sales of commodities and services recorded in the assets of the purchasing business segment as of the end of the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">Adjusted results</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the first quarter of 2019, the Group&rsquo;s <B>adjusted operating profit</B> of &euro;2,354
                                         million was substantially unchanged compared to the first quarter of 2018, in spite of
                                         the loss of control over Eni Norge following the V&aring;r Energi deal. The E&amp;P segment
                                         reported an 11% increase in operating profit (up by 25% when excluding the effect of
                                         the V&aring;r Energi deal) underpinned by a strong underlying improvement and driven
                                         by a growing contribution of highly-profitable barrels. The G&amp;P segment reported
                                         an adjusted operating profit of &euro;372 million, up by 16% q-o-q also due to the monetization
                                         of the flexibilities associated with the Company&rsquo;s integrated portfolio. The R&amp;M
                                         and Chemicals performance decline was negatively affected by a largely unfavorable trading
                                         environment, mainly in refinery high-conversion cycles and in all chemical commodities&rsquo;
                                         margins, partly offset by optimization and efficiency initiatives. Furthermore, 2019
                                         results were negatively affected by the elimination of unrealized profit in stock amounting
                                         to &euro;134 million (it was a &euro;58 million positive change in the IQ 2018).</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt">Overall,
the Group Ebit was negatively affected by a deteriorated scenario, the elimination of unrealized profit in stock and the effect
of the V&aring;r Energi deal, reducing Ebit by approximately &euro;390 million, which was almost completely offset by an improved
underlying performance of &euro;310 million and the positive impact of IFRS 16 (&euro;60 million).&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         net profit </B>(&euro;992 million) was unchanged q-o-q reflecting a lowered group tax
                                         rate (down by 2 percentage points) mainly due to the loss of control over the Norwegian
                                         activities in the Exploration &amp; Production segment.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify; text-indent: -.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)"><FONT STYLE="font-size: 12pt">Special items</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The breakdown
by segment of <B>special items of operating profit </B>(net charges of &euro;108 million) is the following:</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>E&amp;P</B>:
                                         net charges of &euro;19 million relating to the impairment of certain assets to align
                                         the book value to fair value (&euro;12 million), an allowance for doubtful accounts to
                                         recover credits for previous years&rsquo; investments (&euro;14 million) partly offset
                                         by a gain in connection with cost reimbursement following the divestment of an interest
                                         in the Nour field (&euro;8 million).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>G&amp;P</B>:
                                         net charges of &euro;14 million including: (i) the effect of fair-valued commodity derivatives
                                         that lacked the formal criteria to be accounted as hedges under IFRS (gains of &euro;121
                                         million); (ii) the positive balance of &euro;33 million related to derivative financial
                                         instruments used to manage margin exposure to foreign currency exchange rate movements
                                         and exchange translation differences of commercial payables and receivables; and more
                                         than offset by (iii) a charge given by the difference between the change in gas inventories
                                         accounted under the weighted-average cost method provided by IFRS and management&rsquo;s
                                         own measure of inventories which moves forward at the time of inventory drawdown the
                                         margins captured on volumes in inventories above their normal levels leveraging the seasonal
                                         spread in gas prices net of the effects of the associated commodity derivatives (&euro;103
                                         million).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: .25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>R&amp;M
                                         and Chemicals:</B> net charges of &euro;69 million including impairment losses (&euro;17
                                         million) regarding the write-down of capital expenditure relating to certain Cash Generating
                                         Units in the R&amp;M business, which were impaired in previous reporting periods and
                                         continued to lack any profitability prospects, environmental provisions (&euro;40 million),
                                         as well as provision for redundancy incentives (&euro;2 million).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #C00000"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">Reported results</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Eni&rsquo;s <B>net
profit attributable to Eni&rsquo;s shareholders </B>for the first quarter 2019 was &euro;1,092 million compared to &euro;946 million
in the same period in 2018, up by 15%. Reported operating profit was &euro;2,518 million, up by 5%, underpinned by a strong performance
from the E&amp;P segment, when excluding the V&aring;r Energi deal, driven by a growing contribution of highly-profitable barrels.
Furthermore, the results were supported by the revaluation of inventories of crudes and products driven by a recovery in crude
oil prices from the lows seen at the end of 2018. Those increases were partly offset by lower margins at complex refineries due
to narrowing price differentials between high-sulphur content crudes and the Brent benchmark, due to a shortfall in supplies of
the former on the back of OPEC production cuts and supply disruptions elsewhere in Venezuela and Iran, while petrochemicals margins
remained at depressed levels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Gains from equity-accounted
entities benefitted from the recognition of the E&amp;P JV V&aring;r Energi&rsquo;s result (&euro;33 million), an industrial investment,
which is strongly aligned to the Company&rsquo;s strategy of organically growing its hydrocarbons production. Finally, the improved
net profit for the quarter was supported by a reduced tax rate, down by 3.7 percentage points, due to the loss of control of Eni
Norge at the end of 2018, effective at January 1, 2019, as result of the business merger to establish V&aring;r Energi.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The adoption
of IFRS 16 determined a &euro;57 million improvement in the reported operating profit due to fees for the rental of assets no
longer being recognized an expense, partly offset by the recognition of the amortization of the right-of-use assets, equal to
the present value of the lease liabilities. Instead, net profit decreased by &euro;25 million as the improved operating profit
was more than offset by interest charges accrued on the lease liabilities.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(193,0,0)">Net borrowings and cash flow from operations</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IQ</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 60%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million) </FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>402</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,095</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>948</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>147</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Adjustments to reconcile net profit
    (loss) to net cash provided by operating activities: </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">2,083</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">- depreciation, depletion and amortization
    and other non monetary items</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1,954</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1,990</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(36)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(37)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">- net gains on disposal of assets</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1,539</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">- dividends, interests and taxes</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1,482</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1,368</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">114</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1,748</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Changes in working capital related to
    operations</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(1,590)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(1,074)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(516)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">115</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Dividends received by equity investments</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">530</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">525</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(1,472)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Taxes paid</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(1,153)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(884)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(269)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(53)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Interests (paid) received</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(216)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(165)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(51)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>4,325</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net cash provided by
    operating activities</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,097</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,187</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(90)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2,787)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Capital expenditure</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2,239)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2,541)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>302</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(87)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Investments</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(30)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(37)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top"><FONT STYLE="font-size: 10pt">(114)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Disposal of consolidated subsidiaries,
    businesses, tangible and intangible assets and investments</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">67</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(61)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">203</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Other cash flow related to capital expenditure,
    investments and disposals</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">68</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(140)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">208</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,540</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Free cash flow</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(98)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(464)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>366</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(46)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Borrowings (repayment) of debt related
    to financing activities</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(65)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(265)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">200</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(977)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Changes in short and long-term financial
    debt</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(210)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(889)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">679</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Repayment of lease liabilities</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(230)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(230)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Dividends paid and changes in non-controlling
    interests and reserves</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Effect of changes in consolidation, exchange
    differences and cash and cash equivalent </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(19)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">27</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>514</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>NET
    CASH FLOW</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(595)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1,638)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,043</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million) </FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,540</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>Free cash flow</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(98)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(464)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>366</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Repayment of lease liabilities</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(230)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(230)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(16)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net borrowings of acquired companies</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(494)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net borrowings of divested companies</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(310)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Exchange differences on net borrowings
    and other changes</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(61)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">105</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(166)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Dividends paid and changes in non-controlling
    interest and reserves</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>716</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>CHANGE IN NET
    BORROWINGS BEFORE LEASE LIABILITIES</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(389)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(362)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(27)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">IFRS 16 first application effect</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(5,746)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(5,746)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Repayment of lease liabilities</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">230</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">230</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">New leases subscription of the period
    and other changes</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(302)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">(302)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Change in lease liabilities</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(5,818)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; vertical-align: bottom"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(5,818)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>716</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>CHANGE
    IN NET BORROWINGS</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(6,207)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(362)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(5,845)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Net cash provided
by operating activities</B> for the first quarter 2019 was &euro;2.10 billion.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The working capital
absorbed funds because of seasonal trends in the G&amp;P segment sales volumes and cash receipts. Furthermore, the outcome of
an arbitration accrued in the financial statements 2018 required a cash settlement (&euro;330 million).</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Net cash provided
by operating activities included a dividend amounting to approximately $600 million paid by the JV V&aring;r Energi.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Adjusted net
cash flow from operating activities before changes in working capital at replacement cost was &euro;3.42 billion, up by 8% q-o-q.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Following the
adoption of IFRS 16, net cash provided by operating activities improved by &euro;189 million as a result of the reimbursement
of the principal of lease fees pertaining to assets hired in connection to operating activities that are no longer part of the
operating cash outflows, but are now part of the cash flow from financing activities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Cash outflows
for expenditures and investments</B> were &euro;2.27 billion, including the acquisition of reserves in Alaska and Algeria (&euro;366
million) and other non organic items for &euro;56 million.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Following the
adoption of IFRS 16, these cash outflows improved by &euro;41 million because the reimbursement of the principal of lease fees,
which are incurred in relation to the hire of equipment used in connection with a capital project, is no longer recognized among
cash outflows of investing activities, but is instead now part of the cash flow from financing activities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Overall, the
free cash flow for the period benefitted from a favorable &euro;230 million effect due to the adoption of IFRS 16.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The following
table provides a reconciliation between the cash flow prepared in accordance to IFRS 16 and a cash flow adjusted measure that
excludes the impact of IFRS 16.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 74%; padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>First
    Quarter 2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>After
    IFRS 16</B><BR>
    <B>adoption</B></FONT></TD>
    <TD NOWRAP STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>IFRS
    16</B><BR>
    <B>impact</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Before
    IFRS 16</B><BR>
    <B>adoption</B></FONT></TD></TR>
<TR STYLE="background-color: #EDEDED">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Net cash before changes
    in working capital at replacement cost <SUP>(a)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>3,415</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(234)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>3,181</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Changes in working capital
    at replacement cost <SUP>(a)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(1,318)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">45</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(1,273)</B></FONT></TD></TR>
<TR STYLE="background-color: #EDEDED">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Net cash provided by
    operating activities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2,097</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(189)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>1,908</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Capital expenditure</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(2,239)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(41)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(2,280)</B></FONT></TD></TR>
<TR STYLE="background-color: #EDEDED">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Free cash flow</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(98)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(230)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(328)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Cash flow from financing
    activity</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(440)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">230</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(210)</B></FONT></TD></TR>
<TR STYLE="background-color: #EDEDED">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Net cash flow </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(595)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(595)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 2pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24.1pt"><FONT STYLE="font-size: 2pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 2pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 2pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(a) Excluding from changes in working capital as reported in the
cash flow statement (-&euro;1,590 million) the increase in stock profit due to price effect amounting to &euro;272 million (-&euro;1,590
million + &euro;272 million = &euro;1,318 million). Consistently, net cash before changes in working capital at replacement cost
excludes the stock profit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: rgb(192,0,0)">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; color: rgb(193,0,0)">Summarized Group Balance Sheet</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 61%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 9%; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>March
    31,</B><BR>
    <B>2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Impact
    of IFRS 16</B><BR>
    <B>adoption as of</B><BR>
    <B>January 1, 2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Dec.
    31, 2018</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Change</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Fixed
    assets</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Property,&nbsp;&nbsp;plant
    and equipment</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">61,795</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">60,302</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,493</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Inventories - Compulsory
    stock</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,465</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,217</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">248</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Right of use</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5,604</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">5,629</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5,604</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Intangible assets</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,180</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,170</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Equity-accounted investments
    and other investments</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7,173</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7,963</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(790)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Receivables and securities
    held for operating purposes</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,367</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,314</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net payables related to
    capital expenditure</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(2,531)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(2,399)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(132)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>78,053</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,629</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>71,567</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>6,486</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    working capital</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Inventories</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,630</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,651</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(21)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Trade receivables</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">11,797</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">9,520</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,277</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Trade payables</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(12,060)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">128</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(11,645)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(415)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Tax payables and provisions
    for, net deferred tax liabilities</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(2,262)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,104)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,158)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Provisions</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(11,922)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(11,886)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(36)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 12pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other current assets and
    liabilities</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(860)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">849</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(9,828)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>117</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(11,324)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,496</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Provisions
    for employee post-retirements benefits</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1,178)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1,117)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(61)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Assets
    held for sale including related liabilities</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>225</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>236</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(11)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>CAPITAL
    EMPLOYED, NET</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>67,272</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,746</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>59,362</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>7,910</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Eni's shareholders
    equity</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">52,716</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">51,016</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,700</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Non-controlling
    interest</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">57</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Shareholders'
    equity</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>52,776</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>51,073</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,703</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    borrowings before lease liabilities ex IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8,678</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8,289</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>389</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Lease
    liabilities</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,818</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,746</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,818</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- of which Eni
    working interest</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,811</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">3,717</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,811</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- of which Joint
    operators' working interest</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,007</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">2,029</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,007</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    borrowings</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>14,496</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,746</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8,289</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>6,207</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>TOTAL
    LIABILITIES AND SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>67,272</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,746</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>59,362</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>7,910</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Leverage before
    lease liability ex IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Leverage after
    lease liability ex IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.27</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.11</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Gearing</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.22</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.14</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>0.08</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of March 31, 2019, <B>fixed assets</B> increased by &euro;6,486 million to &euro;78,053 million due mainly to the initial recognition
of the right-of-use asset for &euro;5,629 million following the adoption of IFRS 16. Furthermore, the increase in the line item
property, plant and equipment (up by &euro;1,493 million) reflected capex for the period (&euro;2,239 million) partly offset by
amortization, depletion, impairments and write-off (&euro;1,938 million).</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net
working capital</B> (-&euro;9,828 million) increased by &euro;1,496 million due to higher trade receivables (&euro;2,277 million)
mainly in the G&amp;P segment reflecting seasonality.</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shareholders&rsquo;
equity</B> (&euro;52,776 million) increased by &euro;1,703 million. This was due to the net profit for the period and positive
foreign currency translation differences (&euro;903 million), partly offset by the negative change in the fair value of the cash
flow hedge reserve (&euro;411 million).</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net
borrowings</B><SUP>3</SUP> as at March 31, 2019 was 14,496 million and increased by &euro;6,207 million from 2018. This increase
was driven by the initial recognition of the lease liabilities upon the adoption of IFRS 16, which amounted to &euro;5,746 million
and included the reclassification of &euro;128 million for certain trade payables due in connection with the hiring of assets,
which were outstanding as at January 1, 2019.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP></SUP></FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><SUP>3
</SUP></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Details on net borrowings are furnished
on page 23.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The effect of
the adoption of IFRS 16 on the Group net borrowings totaled &euro;2,007 million driven by lease liabilities pertaining to joint
operators in Eni-led upstream unincorporated joint ventures, which will be recovered through a partner-billing process (see the
paragraph Transition to IFRS 16 on page 15).</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Excluding the
overall impact of the adoption of IFRS 16, net borrowings is re-determined in &euro;8,678 million, increasing by &euro;389 million
compared to December 31, 2018.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Leverage</B><SUP>4</SUP>&ndash;
the ratio of the borrowings to total equity - was 0.27 at March 31, 2019, due to the step up in net borrowings driven by the adoption
of IFRS 16. The impact of the lease liability pertaining to joint operators in Eni-led upstream unincorporated joint ventures
weighted on leverage for approximately 3 points. Excluding altogether the impact of IFRS 16, leverage would come at 0.16.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>4
</SUP>Non-GAAP financial measures and other alternative performance indicators disclosed throughout this press release are accompanied
by explanatory notes and tables in line with guidance provided by ESMA guidelines on alternative performance measures (ESMA/2015/1415),
published on October 5, 2015. For further information, see the section &ldquo;Non-GAAP measures&rdquo; of this press release.
See pages 17 and subsequent.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: rgb(193,0,0)"><I>Other information, basis of presentation
and disclaimer</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: rgb(193,0,0)"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">This press release
on Eni&rsquo;s results of the first quarter of 2019 has been prepared on a voluntary basis according to article 82-ter, Regulations
on issuers (Consob Regulation No. 11971 of May 14, 1999 and subsequent amendments and inclusions). The disclosure of results and
business trends on a quarterly basis is consistent with Eni&rsquo;s policy to provide the market and investors with regular information
about the Company&rsquo;s financial and industrial performances and business prospects considering the reporting policy followed
by oil&amp;gas peers who are communicating results on quarterly basis.</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Results and cash
flow are presented for the first quarter of 2019 and of 2018 as well as the fourth quarter of 2018. Information on the Company&rsquo;s
financial position relates to end of the periods as of March 31, 2019 and December 31, 2018.</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Accounts
set forth herein have been prepared in accordance with the evaluation and recognition criteria set by the International
Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and adopted by the
European Commission according to the procedure set forth in Article 6 of the European Regulation (CE) No. 1606/2002 of the
European Parliament and European Council of July 19, 2002. Except for the adoption of IFRS 16 described below, these criteria
are unchanged from the 2018 Annual Report on Form 20-F filed with the US SEC on April 5, 2019, which investors are urged to
read, excepted for the adoption of IFRS 16.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Transition
to IFRS 16</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Effective January
1 2019, Eni has adopted the new accounting standard &ldquo;IFRS 16 &ndash; Leases&rdquo;, which has replaced IAS 17. IFRS 16 defines
a lease as a contract that conveys to the lessee the right to control the use of an identified asset for a period of time in exchange
for consideration. The new IFRS eliminates the classification of leases as either operating leases or finance leases for the preparation
of lessees&rsquo; financial statements.</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">On initial application,
Eni elected to adopt the modified retrospective approach, by recognizing the cumulative effect of initially applying the new standard
as an adjustment to the opening balance at January 1, 2019, without restating the comparative information. Furthermore, management
opted to not reassess each contract existing at January 1, 2019, by applying IFRS 16 to all contracts previously identified as
leases (under IAS 17 and IFRIC 4), while not applying IFRS 16 to the contracts that were not previously identified as leases.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The accounting
of the new standard applies to all leases that have a lease term of more than 12 months and requires:</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt">- in
the <U>balance sheet</U>, to recognize a right-of-use asset, that represents a lessee&rsquo;s right to use an underlying asset
(RoU asset), and a lease liability, that represents the lessee&rsquo;s obligation to make the contractual lease payments;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt">- in
the <U>profit and loss account</U>, to recognize, within operating costs, the depreciation charges of the right-of-use asset and,
within finance expense, the interest expense on the lease liability, if not capitalized, rather than recognizing the operating
lease payments within operating costs under IAS 17, effective until year 2018. The depreciation charges of the right-of-use asset
and the interest expense on the lease liability directly attributable to the construction of an asset are capitalized as part
of the cost of such asset and subsequently recognised in the profit and loss account through depreciation, impairments or write-off,
mainly in the case of exploration assets. Moreover, the profit and loss account will include: (i) the lease expenses relating
to short-term leases or leases of low-value assets, as allowed under the simplified approach provided for by IFRS 16; and (ii)
the variable lease payments that are not included in the measurement of the lease liability (e.g., payments based on the use of
the underlying asset);</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 .25in; text-align: justify"><FONT STYLE="font-size: 10pt">- in
the <U>statement of cash flows</U>, to recognize cash payments for the principal portion of the lease liability within the net
cash used in financing activities and interest expenses within the net cash provided by operating activities, if they are recognized
in the profit and loss account, or within the net cash used in investing activities if they are capitalized as referred to leased
assets that are used for the construction of other assets. Consequently, compared with the requirements of IAS 17 related to operating
leases, the adoption of IFRS 16 was determined a significant impact in the statement of cash flows, by determining: (a) an improvement
of the net cash provided by operating activities, which no longer includes the operating lease payments, not capitalized, but
only includes the cash payments for the interest portion of the lease liability that are not capitalised; (b) an improvement of
the net cash used in investing activities, which no longer includes capitalized lease payments, but only includes cash payments
for the capitalized interest portion of the lease liability; and (c) a worsening in the net cash used in financing activities,
which includes cash payments for the principal portion of the lease liability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Activities in
the Exploration &amp; Production segment are often carried out through unincorporated joint operations, managed by one of the
partners (the operator), which has the responsibility to carry out the operations and the approved work programmes. When the operator
enters into a lease contract as the sole signatory, the operator manages the lease contract, makes lease payments to the lessor
and recovers the share of lease expenses pertaining to the joint operators through a partner billing process. On this regard,
the indications of the IFRS Interpretations Committee (hereinafter also the IFRIC) issued in September 2018 apply, which were
confirmed at its March 2019 meeting. In particular, the IFRIC indicated that, in the case of unincorporated joint operations,
the operator recognises the entire lease liability, as, by signing the contract, it has primary responsibility for the liability
towards the third-party supplier. Therefore, if, based on the contractual provisions and any other relevant facts and circumstances,
Eni has primary responsibility, it recognises in the balance sheet: (i) the entire lease liability and (ii) the entire RoU asset,
unless there is a sublease with the joint operators. On the other hand, if the lease contract is signed by all the partners of
the venture, Eni recognises its share of the RoU asset and lease liability based on its working interest. If Eni does not have
primary responsibility for the lease liability, it does not recognise any RoU asset or lease liability related to the lease contract.</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Follows the impact
of the IFRS 16 adoption on Eni&rsquo;s consolidated financial statements:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>First
    Quarter&nbsp;&nbsp;2019</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Profit
    and loss account</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 55%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>before
    IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>IFRS
    16 effects</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>GAAP
    results</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Purchases, services and other</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(13,668)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>252</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(13,416)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Depreciation, Depletion and
    Amortization</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(1,672)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(195)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(1,867)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Operating profit</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,461</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>57</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,518</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Finance expense and income taxes</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(2,747)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(82)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(2,829)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    profit</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,120</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(25)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,095</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>January
    1, 2019</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Balance
    Sheet</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 55%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>before
    IFRS 16</B><BR>
    <B>opening balance</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>IFRS
    16 effects</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>GAAP
    results</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Fixed assets</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>71,567</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>5,629</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>77,196</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net working capital</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(11,324)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>117</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(11,207)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net borrowings</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>8,289</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>5,746</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>14,035</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Shareholders' equity</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>51,073</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>51,073</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Leverage</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.27</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>First
    Quarter&nbsp;&nbsp;2019</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Cash
    Flow</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 55%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>before
    IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>IFRS
    16 effects</B></FONT></TD>
    <TD NOWRAP STYLE="width: 15%; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>GAAP
    results</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Cash Flow From Operations (FFO)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>1,908</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>189</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2,097</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Capital expenditure</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(2,280)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>41</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(2,239)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Free Cash Flow (FCF)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(328)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>230</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(98)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Cash Flow From Financing, net
    (CFFF)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(210)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(230)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(440)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net Cash Flow</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(595)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(595)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Further details
are furnished in the note N.4 &ldquo;Accounting principles recently enacted&rdquo; of the Notes to the Consolidated Financial
Statements included in the Annual Report on Form 20-F.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Non-GAAP financial
measures and other alternative performance indicators disclosed throughout this press release are accompanied by explanatory notes
and tables in line with guidance provided by ESMA guidelines on alternative performance measures (ESMA/2015/1415), published on
October 5, 2015. For further information, see the section &ldquo;Alternative performance measures (Non-GAAP measures)&rdquo; of
this press release.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Eni&rsquo;s
Chief Financial Officer, Massimo Mondazzi, in his position as manager responsible for the preparation of the Company&rsquo;s financial
reports, certifies that data and information disclosed in this press release correspond to the Company&rsquo;s evidence and accounting
books and records, pursuant to rule 154-bis paragraph 2 of Legislative Decree No. 58/1998.</I></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Disclaimer</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>This press
release, in particular the statements under the section &ldquo;Outlook&rdquo;, contains certain forward-looking statements particularly
those regarding capital expenditure, development and management of oil and gas resources, dividends, allocation of future cash
flow from operations, future operating performance, gearing, targets of production and sales growth, new markets 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 variety of factors, including the timing of bringing new fields on stream; management&rsquo;s ability in carrying
out industrial plans and in succeeding in commercial transactions; future levels of industry product supply; demand and pricing;
operational issues; general economic conditions; political stability and economic growth in relevant areas of the world; changes
in laws and governmental regulations; development and use of new technology; changes in public expectations and other changes
in business conditions; the actions of competitors and other factors discussed elsewhere in this document. Due to the seasonality
in demand for natural gas and certain refined products and the changes in a number of external factors affecting Eni&rsquo;s operations,
such as prices and margins of hydrocarbons and refined products, Eni&rsquo;s results from operations and changes in net borrowings
for the quarter of the year cannot be extrapolated on an annual basis.</I></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Company Contacts</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Press Office: +39.0252031875 -
+39.0659822030</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Freephone for shareholders (from
Italy): 800940924</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Freephone for shareholders (from
abroad): +80011223456</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Switchboard: +39-0659821</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>ufficio.stampa@eni.com</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>segreteriasocietaria.azionisti@eni.com</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>investor.relations@eni.com</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>website: www.eni.com</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Eni</B></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Societ&agrave;
per Azioni Roma, Piazzale Enrico Mattei, 1</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Share capital: &euro;4,005,358,876
fully paid.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Tax identification number 00484960588</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Tel.: +39 0659821 - Fax: +39 0659822141</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">This press release for the first quarter
of 2019 (unaudited) is also available on Eni&rsquo;s website eni.com.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
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    <TD STYLE="padding: 5.4pt; font-size: 12pt; background-color: rgb(255, 217, 102); width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Alternative performance measures (Non-GAAP measures)</B></FONT></TD>
    <TD STYLE="width: 20%; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Management evaluates
underlying business performance on the basis of Non-GAAP financial measures, not determined in accordance with IFRS (&ldquo;Alternative
performance measures&rdquo;), such as adjusted operating profit and adjusted net profit, which are arrived at by excluding from
reported operating profit and net profit certain gains and losses, defined special items, which include, among others, asset impairments,
gains on disposals, risk provisions, restructuring charges and, in determining the business segments&rsquo; adjusted results,
finance charges on finance debt and interest income (see below). In determining adjusted results, also inventory holding gains
or losses are excluded from base business performance, which is the difference between the cost of sales of the volumes sold in
the period based on the cost of supplies of the same period and the cost of sales of the volumes sold calculated using the weighted
average cost method of inventory accounting as required by IFRS, except in those business segments where inventories are utilized
as a lever to optimize margins. Management is disclosing Non-GAAP measures of performance to facilitate a comparison of base business
performance across periods, and to allow financial analysts to evaluate Eni&rsquo;s trading performance on the basis of their
forecasting models.</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Non-GAAP financial
measures should be read together with information determined by applying IFRS and do not stand in for them. Other companies may
adopt different methodologies to determine Non-GAAP measures. Follows the description of the main alternative performance measures
adopted by Eni. The measures reported below refer to the performance of the reporting periods disclosed in this press release:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Adjusted
operating and net profit</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Adjusted operating
and net profit are determined by excluding inventory holding gains or losses, special items and, in determining the business segments&rsquo;
adjusted results, finance charges on finance debt and interest income. The adjusted operating profit of each business segment
reports gains and losses on derivative financial instruments entered into to manage exposure to movements in foreign currency
exchange rates, which impact industrial margins and translation of commercial payables and receivables. Accordingly, also currency
translation effects recorded through profit and loss are reported within business segments&rsquo; adjusted operating profit. The
taxation effect of the items excluded from adjusted operating or net profit is determined based on the specific rate of taxes
applicable to each of them. Finance charges or income related to net borrowings excluded from the adjusted net profit of business
segments are comprised of interest charges on finance debt and interest income earned on cash and cash equivalents not related
to operations. Therefore, the adjusted net profit of business segments includes finance charges or income deriving from certain
segment operated assets, i.e., interest income on certain receivable financing and securities related to operations and finance
charge pertaining to the accretion of certain provisions recorded on a discounted basis (as in the case of the asset retirement
obligations in the Exploration &amp; Production segment).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Inventory
holding gain or loss</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">This is the difference
between the cost of sales of the volumes sold in the period based on the cost of supplies of the same period and the cost of sales
of the volumes sold calculated using the weighted average cost method of inventory accounting as required by IFRS.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Special
items</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">These include
certain significant income or charges pertaining to either: (i) infrequent or unusual events and transactions, being identified
as non-recurring items under such circumstances; (ii) certain events or transactions which are not considered to be representative
of the ordinary course of business, as in the case of environmental provisions, restructuring charges, asset impairments or write
ups and gains or losses on divestments even though they occurred in past periods or are likely to occur in future ones; or (iii)
exchange rate differences and derivatives relating to industrial activities and commercial payables and receivables, particularly
exchange rate derivatives to manage commodity pricing formulas which are quoted in a currency other than the functional currency.
Those items are reclassified in operating profit with a corresponding adjustment to net finance charges, notwithstanding the handling
of foreign currency exchange risks is made centrally by netting off naturally-occurring opposite positions and then dealing with
any residual risk exposure in the exchange rate market. As provided for in Decision No. 15519 of July 27, 2006 of the Italian
market regulator (CONSOB), non-recurring material income or charges are to be clearly reported in the management&rsquo;s discussion
and financial tables. Also, special items allow to allocate to future reporting periods gains and losses on re-measurement at
fair value of certain non-hedging commodity derivatives and exchange rate derivatives relating to commercial exposures, lacking
the criteria to be designed as hedges, including the ineffective portion of cash flow hedges and certain derivative financial
instruments embedded in the pricing formula of long-term gas supply agreements of the Exploration &amp; Production segment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Leverage</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Leverage is a
Non-GAAP measure of the Company&rsquo;s financial condition, calculated as the ratio between net borrowings and shareholders&rsquo;
equity, including non-controlling interest. Leverage is the reference ratio to assess the solidity and efficiency of the Group
balance sheet in terms of incidence of funding sources including third-party funding and equity as well as to carry out benchmark
analysis with industry standards.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Gearing</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Gearing is calculated
as the ratio between net borrowings and capital employed net and measures how much of capital employed net is financed recurring
to third-party funding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Adjusted
net cash before changes in working capital</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Adjusted net
cash is defined as net cash provided from operating activities before changes in working capital at replacement cost and excluding
certain non-recurring charges.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Free cash
flow</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Free cash flow
represents the link existing between changes in cash and cash equivalents (deriving from the statutory cash flows statement) and
in net borrowings (deriving from the summarized cash flow statement) that occurred from the beginning of the period to the end
of period. Free cash flow is the cash in excess of capital expenditure needs. Starting from free cash flow it is possible to determine
either: (i) changes in cash and cash equivalents for the period by adding/deducting cash flows relating to financing debts/receivables
(issuance/repayment of debt and receivables related to financing activities), shareholders&rsquo; equity (dividends paid, net
repurchase of own shares, capital issuance) and the effect of changes in consolidation and of exchange rate differences; (ii)
changes in net borrowings for the period by adding/deducting cash flows relating to shareholders&rsquo; equity and the effect
of changes in consolidation and of exchange rate differences.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B><I>Net borrowings</I></B></FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Net
borrowings is calculated as total finance debt less cash, cash equivalents and certain very liquid investments not related to
operations, including among others non-operating financing receivables and securities not related to operations. Financial
activities are qualified as &ldquo;not related to operations&rdquo; when these are not strictly related to the business
operations.</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Reconciliation tables of Non-GAAP
results to the most comparable measures of financial performance</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>determined in accordance to GAAPs</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>First
    Quarter&nbsp;&nbsp;2019 &nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exploration
    &amp;</B><BR>
    <B>Production</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Gas
&amp; Power </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Refining
&amp; Marketing</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>and Chemicals</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Corporate
    and other</B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Impact
of unrealized</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>intragroup profit</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>elimination</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>GROUP</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Reported
    operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,289</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>358</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>278</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(143)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(264)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,518</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion
    of inventory holding (gains) losses</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(402)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">130</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(272)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Exclusion
    of special items:</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">environmental charges</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">40</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">40</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">impairment losses (impairment
    reversals), net </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">17</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">net gains on disposal of
    assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">risk provisions</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">provision for redundancy
    incentives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">commodity derivatives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(121)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(125)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">exchange rate differences
    and derivatives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">other</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">102</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">123</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Special
    items of operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>19</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>14</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>69</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>6</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>108</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,308</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>372</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(55)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(137)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(134)</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,354</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net finance (expense)
    income <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(124)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(9)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(143)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(272)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net income (expense) from
    investments <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">62</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">21</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">99</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income taxes <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,175)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(105)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(11)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">68</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,186)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Tax
    rate (%)</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>52.3</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>28.4</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>..</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>54.4</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,071</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>265</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(41)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(203)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(97)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>995</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of
    which:</I></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Adjusted net profit
    (loss) of non-controlling interest</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>- Adjusted
    net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>992</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Reported
    net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,092</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion of inventory
    holding (gains) losses</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(192)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion of special items</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">92</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>992</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">(a) Excluding special items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>First
    Quarter&nbsp;&nbsp;2018 &nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exploration
    &amp;</B><BR>
    <B>Production</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Gas
&amp; Power </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Refining
&amp; Marketing</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>and Chemicals</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Corporate
    and other</B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Impact
of unrealized</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>intragroup profit</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>elimination</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>GROUP</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Reported
    operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,966</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>398</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>138</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(157)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>54</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,399</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion
    of inventory holding (gains) losses</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(99)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(95)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Exclusion
    of special items:</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">environmental charges</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">18</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">51</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">impairment losses (impairment
    reversals), net </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">15</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">impairment of exploration
    projects</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">net gains on disposal of
    assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">risk provisions</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">65</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">67</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">provision for redundancy
    incentives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">commodity derivatives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(67)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(67)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">exchange rate differences
    and derivatives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(19)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(16)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">other</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">33</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(12)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Special
    items of operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>119</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(76)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>38</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(5)</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>76</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,085</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>322</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>77</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(162)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>58</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,380</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net finance (expense)
    income <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(56)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">12</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(163)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(204)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net income (expense) from
    investments <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">35</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">23</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">72</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income taxes <SUP>(a)</SUP></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,140)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(121)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(45)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">56</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(18)</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,268)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Tax
    rate (%)</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>55.2</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>36.0</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>40.2</I></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>56.4</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>924</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>215</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>67</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(266)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>40</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>980</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of
    which:</I></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Adjusted net profit
    (loss) of non-controlling interest</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>- Adjusted
    net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>978</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Reported
    net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>946</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion of inventory
    holding (gains) losses</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(67)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion of special items</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">99</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>978</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">(a) Excluding special items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; width: 52%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Fourth
    Quarter 2018 &nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exploration
    &amp;</B><BR>
    <B>Production</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Gas&nbsp;&amp; Power </B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Refining&nbsp;&amp; Marketing</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>and Chemicals</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Corporate
and other</B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Impact
of unrealized</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>intragroup profit</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>elimination</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>GROUP</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Reported
    operating profit (loss)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,426</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>53</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(946)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(233)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>196</B></FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,496</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion
    of inventory holding (gains) losses</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">747</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(144)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">603</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Exclusion
    of special items:</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">environmental charges</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">73</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">85</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">impairment losses (impairment
    reversals), net </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">663</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(77)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">123</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">723</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">net gains on disposal of
    assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(19)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(19)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">risk provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">22</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(7)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">24</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">provision for redundancy
    incentives</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">18</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">commodity derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">83</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">38</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">121</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">exchange rate differences
    and derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">35</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">42</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt">other</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(174)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(50)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">82</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">40</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(102)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Special
    items of operating profit (loss)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>502</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(11)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>342</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>60</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>893</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    operating profit (loss)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,928</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>42</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>143</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(173)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>52</B></FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,992</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net finance (expense)
    income <SUP>(a)</SUP></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">63</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(214)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(148)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net income (expense) from
    investments <SUP>(a)</SUP></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">88</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">89</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income taxes <SUP>(a)</SUP></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,521)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(42)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(44)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">151</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(24)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,480)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Tax
    rate (%)</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>49.4</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>84.0</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>31.7</I></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>50.5</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted
    net profit (loss)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,558</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>8</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>95</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(236)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>28</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,453</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of
    which:</I></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Adjusted net profit
    (loss) of non-controlling interest</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; white-space: nowrap"><FONT STYLE="font-size: 10pt; color: #C00000"><B>- Adjusted net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,450</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Reported net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>399</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion of inventory holding (gains) losses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">428</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exclusion of special items</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">623</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted net profit (loss) attributable to Eni's shareholders</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>1,450</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 8pt">(a) Excluding special items.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Breakdown of
special items</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 70%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">85</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Environmental charges</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">40</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">51</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">723</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Impairment losses
    (impairment reversals), net </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">31</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(19)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net gains on disposal
    of assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">24</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Risk provisions</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">67</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">19</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Provisions for
    redundancy incentives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">6</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">121</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Commodity derivatives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(125)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(67)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">42</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exchange rate differences
    and derivatives</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">38</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(16)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(202)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Reinstatement of Eni Norge
    amortization charges</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">100</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">123</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>893</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Special
    items of operating profit (loss)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>108</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>76</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(35)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    finance (income) expense</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(36)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>20</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of which:</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(42)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- exchange rate differences
    and derivatives reclassified to operating profit (loss)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(38)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>16</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(442)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>Net
    income (expense) from investments</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>4</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of which:</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(898)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- gains on disposal
    of assets</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>418</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- impairment/revaluation
    of equity investments</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>207</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Income
    taxes</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>18</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of which:</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>210</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- net impairment
    of deferred tax assets of Italian subsidiaries</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(3)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- taxes on special
    items of operating profit and other special items</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>18</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(1)</I></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>623</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Total
    special items of net profit (loss)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>92</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>99</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; font-size: 12pt; background-color: rgb(255, 217, 102); width: 55%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Analysis of Profit and Loss account items</B></FONT></TD>
    <TD STYLE="width: 45%; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net sales from operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 50%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">6,762</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exploration &amp;
    Production</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">5,674</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">5,473</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">14,760</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Gas &amp; Power</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">14,008</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">13,742</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">6,548</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Refining &amp;
    Marketing and Chemicals</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">5,391</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">5,566</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(3)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>5,481</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Refining &amp;
    Marketing</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>4,441</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>4,433</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: white"><I>0</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1,202</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Chemicals</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>1,037</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1,272</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(18)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(135)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Consolidation
    adjustments</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(87)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(139)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">459</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Corporate and other
    activities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">367</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">361</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(8,473)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Consolidation adjustments</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(6,900)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(7,210)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>20,056</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>18,540</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>17,932</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>3</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Operating expenses</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">15,326</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Purchases, services and
    other </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">13,416</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">12,832</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">145</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Impairment losses (impairment
    reversals) of trade and other receivables, net</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">89</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">114</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(22)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">752</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Payroll and related costs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">774</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">844</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(8)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>19</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of which:&nbsp;&nbsp;&nbsp;provision
    for redundancy incentives and other</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>6</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>6</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>16,223</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>14,279</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>13,790</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>4</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">DD&amp;A, impairments,
reversals and write-off</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,462</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exploration &amp; Production
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1,603</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,640</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">105</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Gas &amp; Power </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">117</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">91</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">103</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Refining &amp; Marketing
    and Chemicals</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">118</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">97</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">22</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>81</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Refining &amp; Marketing</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>96</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>76</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>26</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>22</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Chemicals</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>22</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>21</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>5</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">16</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Corporate and other activities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">14</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>..</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Impact of unrealized intragroup
    profit elimination</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(7)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>1,678</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Total depreciation,
    depletion and </B><BR>
    <B>amortization</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>1,867</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>1,835</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>723</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Impairment losses (impairment
    reversals), net</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>31</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>29</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>7</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,401</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Depreciation,
    depletion, amortization, impairments and reversals</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,898</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,864</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>26</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Write-off of tangible
    and intangible assets</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>40</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>6</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>..</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,427</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,938</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,870</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>4</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Income (expense)
from investments</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 50%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>First
    Quarter&nbsp;&nbsp;2019</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exploration
    &amp;</B><BR>
    <B>Production</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Gas
    &amp; Power</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Refining
    &amp; </B><BR>
    <B>Marketing and</B><BR>
    <B>Chemicals</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Corporate
    and</B><BR>
    <B>other activities</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Group</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Share of profit (loss) from equity-accounted
    investments</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">60</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>76</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Dividends </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">19</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>21</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>62</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>7</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>21</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>7</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>97</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.4pt; text-align: justify; font-size: 12pt; background-color: rgb(255, 217, 102); width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Leverage and net borrowings</B></FONT></TD>
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Leverage is a
measure used by management to assess the Company&rsquo;s level of indebtedness. It is calculated as a ratio of net borrowings
to shareholders&rsquo; equity, including non-controlling interest. Management periodically reviews leverage in order to assess
the soundness and efficiency of the Group balance sheet in terms of optimal mix between net borrowings and net equity, and to
carry out benchmark analysis with industry standards.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 49%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 17%; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>March
    31, 2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Dec.
    31, 2018</B></FONT></TD>
    <TD NOWRAP STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Change</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Total debt</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">25,789</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">25,865</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(76)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt"><I>&nbsp;-&nbsp;&nbsp;Short-term
    debt</I></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>6,664</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>5,783</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>881</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt"><I>&nbsp;-&nbsp;&nbsp;Long-term
    debt</I></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>19,125</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>20,082</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(957)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(10,254)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(10,836)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">582</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Securities held for trading and other
    securities held for non-operating purposes</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(6,759)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(6,552)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(207)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Financing receivables held for non-operating
    purposes</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(98)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(188)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">90</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>NET BORROWINGS BEFORE
    LEASE LIABILITIES</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8,678</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8,289</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>389</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Lease Liabilities </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5,818</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5,818</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">- of which Eni working interest</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,811</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,811</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">- of which Joint operators' working interest</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,007</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,007</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net borrowings</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>14,496</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8,289</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>6,207</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Shareholders' equity including non-controlling
    interest</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>52,776</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>51,073</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>1,703</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Leverage before lease
    liability ex IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Leverage
    after lease liability ex IFRS 16</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.27</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.16</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.11</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Pro-forma leverage</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 49%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 17%; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Reported
    measure</B></FONT></TD>
    <TD NOWRAP STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Lease
    liabilities of Joint</B><BR>
    <B>operators' working</B><BR>
    <B>interest</B></FONT></TD>
    <TD NOWRAP STYLE="width: 17%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Pro-forma
    measure</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net borrowings</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>14,496</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>2,007</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>12,489</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Shareholders' equity including non-controlling
    interest</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>52,776</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>52,776</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Pro-forma
    leverage</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.27</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>0.24</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Pro-forma leverage
is net of followers&rsquo; lease liabilities which are recovered through a cash call mechanism.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Net borrowings are calculated under
Consob provisions on Net Financial Position (Com. no. DEM/6064293 of 2006).</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>

<TABLE style="width: 60%; font-size: 12pt; border-collapse: collapse;"
cellspacing="0" cellpadding="0">
  <TR style="font-size: 12pt; vertical-align: top; background-color: rgb(255, 217, 102);">
    <TD style="padding: 5.4pt; width: 100%; text-align: justify; font-size: 12pt;"><FONT
      style="font-family: Times New Roman, Times, Serif; font-size: 14pt;"><B>Consolidated
         financial statements</B></FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>BALANCE SHEET</B></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 78%; padding-right: 5.4pt; padding-left: 9pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD NOWRAP STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>March
    31, 2019</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>Dec.
    31, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>ASSETS</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Current assets</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Cash and cash equivalents
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">10,254
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">10,836 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other financial activities
    held for trading</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">6,675
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">6,552 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other current financial
    assets</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">308
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">300 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Trade and other receivables
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">17,038
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">14,101 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Inventories </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,630
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,651 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Current tax assets</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">154
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">191 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other current tax
    assets </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">524
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">561 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other current assets
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,530
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,258 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>42,113
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>39,450
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Non-current assets</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Property, plant and
    equipment </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">61,795
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">60,302 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Inventory - compulsory
    stock </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,465
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,217 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Right of use</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5,604
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Intangible assets
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,180
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,170 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Equity-accounted
    investments </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">6,239
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7,044 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other investments
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">934
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">919 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other financial assets</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,289
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,253 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Deferred tax assets
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,048
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,931 </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other non-current
    assets</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">834
    </FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">792
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>85,388
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>78,628
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Assets held for
    sale</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>301
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>295
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>TOTAL
    ASSETS</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>127,802
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>118,373
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>LIABILITIES AND
    SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Current liabilities</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Short-term debt</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,388
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,182 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Current portion of
    long-term debt</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,276
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,601 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Current portion of
    long-term lease liabilities</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">882
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Trade and other payables</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">16,567
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">16,747 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income taxes payable</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">544
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">440 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other taxes payable</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,493
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,432 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other current liabilities</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,827
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3,980 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>31,977
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>28,382
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Non-current liabilities</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Long-term debt </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">19,125
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">20,082 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Long-term lease liabilities</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,936
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Provisions for contingencies
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">11,922
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">11,886 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Provisions for employee
    benefits </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,178
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,117 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Deferred tax liabilities</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,317
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,272 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other non-current
    liabilities </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,495
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,502
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>42,973
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>38,859 </B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Liabilities directly
    associated with assets held for sale</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>76
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>59
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>TOTAL
    LIABILITIES</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>75,026
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>67,300
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>SHAREHOLDERS'
    EQUITY</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Non-controlling
    interest </B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>60
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>57 </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Eni shareholders'
    equity:</B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Share capital </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,005
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,005 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Retained earnings</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">39,020
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">36,702 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Cumulative currency
    translation differences</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">7,508
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">6,605 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other reserves </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,672
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,672 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Treasury shares </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(581)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(581)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Interim dividend
    </FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,513)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net profit&nbsp;&nbsp;(loss)</FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,092
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">4,126 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Total Eni shareholders'
    equity</B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>52,716
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>51,016
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>TOTAL
    SHAREHOLDERS' EQUITY </B></FONT></TD>
    <TD NOWRAP STYLE="background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>52,776
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>51,073
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 9pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>TOTAL
    LIABILITIES AND SHAREHOLDERS' EQUITY</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; background-color: #F2F2F2; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>127,802
    </B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>118,373
    </B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 27; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>GROUP PROFIT AND LOSS ACCOUNT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 70%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>REVENUES</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">20,056
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net sales from operations
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">18,540
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">17,932
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">65
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other income and revenues
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">261
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">135
    </FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>20,121
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Total
    revenues</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>18,801
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>18,067
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>OPERATING EXPENSES</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(15,326)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Purchases, services and
    other</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(13,416)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(12,832)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(145)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Impairment reversals (impairment
    losses) of trade and other receivables, net</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(89)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(114)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(752)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Payroll and related costs</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(774)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(844)</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>25
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Other
    operating (expense) income</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(66)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(8)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(1,678)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Depreciation, Depletion
    and Amortization</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(1,867)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(1,835)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(723)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Impairment reversals
    (impairment losses), net</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(31)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(29)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(26)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Write-off of tangible
    and intangible assets</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(40)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(6)</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,496
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>OPERATING
    PROFIT (LOSS)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,518
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,399
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>FINANCE INCOME (EXPENSE)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">926
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Finance income</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,266
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">804
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(976)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Finance expense</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,545)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,088)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net finance income (expense)
    from financial assets held for trading</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">62
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(6)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(65)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(19)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">66
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(113)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(236)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(224)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>INCOME
    (EXPENSE) FROM INVESTMENTS</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(471)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Share of profit (loss)
    of equity-accounted investments </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">76
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">45
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,002
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other gain (loss) from
    investments</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">21
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">23
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>531
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>97
    </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>68
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>1,914
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>PROFIT
    (LOSS) BEFORE INCOME TAXES </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2,379
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2,243
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,512)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income
    taxes </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,284)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,295)</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>402
    </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    profit (loss)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,095
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>948
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">attributable
    to:</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">399
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;-
    Eni's shareholders</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,092
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">946
    </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">3
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;-
    Non-controlling interest</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">3
    </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">2
    </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Net
    profit (loss) per share attributable to Eni's shareholders (&euro; per share)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.11
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- basic</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.30
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.26
    </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.11
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">-
    diluted</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.30
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.26
    </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 28; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>COMPREHENSIVE INCOME (LOSS)</B></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 80%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(&euro;
    million) </FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    profit (loss) </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,095</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>948</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Items that
    may be reclassified to profit in later periods</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>609</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>(1,040)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Currency translation differences</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>903</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(1,007)</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Change in the fair value of cash flow
    hedging derivatives</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(411)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(60)</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Share of other
    comprehensive income on equity-accounted entities</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(2)</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>11</I></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>Taxation </I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>119</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>16</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Total other items of
    comprehensive income (loss)</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>609</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1,040)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Total comprehensive
    income (loss)</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,704</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(92)</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">attributable to:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12.05pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;-
    Eni's shareholders</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,701</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(94)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;-
    Non-controlling interest</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>CHANGES IN
SHAREHOLDERS&rsquo; EQUITY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 80%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Shareholders' equity
    at January 1, 2018</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>48,324
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Total comprehensive
    income (loss)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">5,713 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Dividends paid to Eni's
    shareholders</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(2,953)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Dividends distributed
    by consolidated subsidiaries</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Other changes</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(8)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Total changes</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>2,749
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Shareholders'
    equity at December 31, 2018</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>51,073
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">attributable to:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12.05pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;-
    Eni's shareholders</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>51,016
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;-
    Non-controlling interest</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 2.5pt double"><FONT STYLE="font-size: 10pt">57
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Shareholders' equity
    at December 31, 2018</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>51,073
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Impact of adoption
    IAS 28</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">(4)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Shareholders' equity
    at January 1, 2019</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>51,069
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Total comprehensive
    income (loss)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">1,704 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">Other changes</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Total changes</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>1,707
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Shareholders'
    equity at March 31, 2019</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>52,776
    </B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">attributable
    to:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12.05pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;-
    Eni's shareholders</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; color: #C00000"><B>52,716
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 12pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;-
    Non-controlling interest</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">60
    </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11pt Calibri (Body); color: rgb(127,127,127)"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>GROUP CASH FLOW STATEMENT</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 70%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>402
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    profit (loss)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1,095
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>948
    </B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Adjustments
    to reconcile net profit (loss) to net cash provided by operating activities:</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,678
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Depreciation, depletion
    and amortization </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1,867
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,835
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">723
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Impairment losses
    (impairment reversals), net</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">31
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">29
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">26
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Write-off of tangible
    and intangible assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">40
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">6
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">471
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Share of (profit)
    loss of equity-accounted investments </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(76)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(45)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(37)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Gains on disposal
    of assets, net </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(113)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Dividend income
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(21)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(23)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(45)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Interest income
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(34)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(43)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">185
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Interest expense</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">253
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">139
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,512
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income taxes </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1,284
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,295
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(817)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Other changes</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">45
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">130
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Changes in working
    capital:</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">647
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- inventories</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(189)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">188
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1,253
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- trade receivables</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(2,158)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,916)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(63)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- trade payables</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">424
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">95
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">15
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- provisions for
    contingencies</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(55)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">104
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(104)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- other assets
    and liabilities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">388
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">455
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1,748
    </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Cash flow from
    changes in working capital</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(1,590)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(1,074)</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Net change in the
    provisions for employee benefits</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>47
    </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>35
    </I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">115
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Dividends received</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">530
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">5
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">35
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Interest received</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">14
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">21
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(88)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Interest paid</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(230)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(186)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(1,472)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Income taxes paid,
    net of tax receivables received</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(1,153)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(884)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>4,325
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    cash provided by operating activities </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,097
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,187
    </B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Investing activities:</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(2,640)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- tangible assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(2,179)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(2,507)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(147)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- intangible assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(60)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(34)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(75)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- consolidated subsidiaries
    and businesses net of cash and cash equivalent acquired</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(15)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(12)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- investments</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(30)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(22)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(74)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- securities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(91)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(241)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(97)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- financing receivables</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(86)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(193)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">165
    </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- change in payables in
    relation to investing activities and capitalized depreciation</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">87
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(8)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(2,880)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Cash flow from
    investing activities </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>(2,359)</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(3,020)</I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Disposals:</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">54
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- tangible assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">6
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">6
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(236)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- consolidated subsidiaries
    and businesses net of cash and cash equivalent disposed of</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">32
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">68
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- investments</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">29
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">18
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- securities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">16
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">5
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">138
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- financing receivables</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">77
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">80
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">7
    </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- change in receivables
    in relation to disposals</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(48)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>49
    </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Cash flow from
    disposals</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>99
    </I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>104
    </I></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2,831)</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    cash used in investing activities <SUP>(*)</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2,260)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(2,916)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 11pt Calibri (Body); color: rgb(127,127,127)"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>GROUP CASH
FLOW STATEMENT (continued)</B></FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 70%; border-bottom: Black 1pt solid; text-align: center; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">489</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Increase in long-term
    debt </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">26</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">511</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(878)</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Repayments of long-term
    debt</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(381)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(1,568)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Repayment of lease
    liabilities</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(230)</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(588)</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Increase (decrease)
    in short-term financial debt</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">145</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">168</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>(977)</B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>(440)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>(889)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Dividends paid
    to Eni's shareholders</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(981)</B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    cash used in financing activities</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(440)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(890)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Effect of change in consolidation
    (inclusion/exclusion of significant/insignificant subsidiaries)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">1</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Effect of exchange rate
    changes on cash and cash equivalents and other changes</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">9</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(19)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>514</B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    cash flow for the period </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(595)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(1,638)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10,341</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Cash
    and cash equivalents - beginning of the period <SUP>(a)</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10,855</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>7,363</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10,855</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Cash
    and cash equivalents - end of the period <SUP>(a)</SUP></B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10,260</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>5,725</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) In the first quarter of 2019, cash and
cash equivalents at the begininning and end of the period include &euro;19 million and &euro;6 million, respectively, of cash and
cash equivalents of consolidated subsidiaries held for sale that were reported in the item &quot;Assets held for sale&quot; in
the balance sheet.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(*) Net cash used in investing activities included
investments and divestments (on net basis) in held-for-trading financial assets and other investments/divestments in certain short-term
financial assets. Due to their nature and the circumstance that they are very liquid, these financial assets are netted against
finance debt in determing net borrowings. Cash flows of such investments were as follows:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 70%; border-bottom: Black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(46)</B></FONT></TD>
    <TD STYLE="text-indent: 0; border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Net
    cash flow from financing activities</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>(65)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; border-bottom: Black 2.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>(265)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>SUPPLEMENTAL
INFORMATION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 70%; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Investment of consolidated
    subsidiaries and businesses</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">4</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Current assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">89</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Non-current assets </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">23</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(16)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Cash and cash equivalents
    (net borrowings)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Current and non-current
    liabilities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(8)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>75</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    effect of investments</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>16</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>75</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Purchase
    price</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>16</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>less:</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(1)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>75</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Investment
    of consolidated subsidiaries and businesses net of cash and cash equivalent acquired</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>15</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Disposal of consolidated
    subsidiaries and businesses</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">271</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Current assets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">39</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">4,794</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Non-current assets </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">767</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Cash and cash equivalents
    (net borrowings)</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(3,309)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Current and non-current
    liabilities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(16)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,523</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Net
    effect of disposals </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>32</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">115</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Reclassification of exchange
    rate differences included in other comprehensive income</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(3,498)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Fair value of share capital
    held after the sale of control</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">889</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Fair value of business
    combination</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Gain (loss) on disposal</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>37</B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Selling
    price</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>32</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><I>less:</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">(273)</FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Cash and cash equivalents
    disposed of</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(236)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Disposal
    of consolidated subsidiaries and businesses net of cash and cash equivalent divested</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>32</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 31; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>Capital expenditure</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 12.05pt"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 60%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 12.05pt"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,366</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Exploration &amp; Production</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">2,068</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">2,432</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(15)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>136</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- acquisition of proved
    and unproved properties</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>366</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>712</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(49)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>101</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- g&amp;g costs</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>82</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>64</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>28</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>199</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- exploration</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>143</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>65</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>..</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>1,899</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- development</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>1,467</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>1,586</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(8)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>31</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- other expenditure</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>10</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>5</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>100</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">74</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Gas &amp; Power </FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">42</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">42</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">372</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Refining &amp; Marketing
    and Chemicals</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">188</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">125</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">50</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>317</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Refining &amp; Marketing</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>171</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>100</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>71</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>55</I></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>- Chemicals</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>17</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>25</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><I>(32)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">83</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Corporate and other activities</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">27</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">11</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">..</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(7)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">Impact of unrealized intragroup
    profit elimination</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,888</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Capital
    expenditure</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,321</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,605</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(11)</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>101</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Cash out in net cash
    flow from operating activities</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>82</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>64</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt"><B>28</B></FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,787</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Cash
    out in net cash flow from investment activities</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,239</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2,541</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(12)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">In the first
quarter of 2019, capital expenditure amounted to &euro;2,239 million (&euro;2,541 million in the first quarter of 2018) and mainly
related to:</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">- development
activities (&euro;1,467 million) deployed mainly in Egypt, Ghana, Nigeria, Libya, Mexico, Angola and the United Arab Emirates.
The acquisition of proved and unproved reserves of &euro;366 million relates to the acquisition of reserves in Alaska and Algeria;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">- refining activity
in Italy and outside Italy (&euro;160 million) mainly aimed at reconstruction works of the EST</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">conversion plant
at the Sannazzaro refinery, reconversion of Gela refinery into a biorefinery, maintain plants&rsquo; integrity as well as initiatives
in the field of health, security and environment; marketing activity, mainly regulation compliance and stay in business initiatives
in the refined product retail network in Italy and in the Rest of Europe (&euro;11 million);</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">- initiatives
relating to gas marketing (&euro;38 million).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Cash-outs comprised
in net cash from operating activities (&euro;82 million) relate to geological and geophysical studies as part of the exploration
activities, which are charged to expenses.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Exploration &amp; Production</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>PRODUCTION
OF OIL AND NATURAL GAS BY REGION</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="vertical-align: bottom; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-bottom: Black 1pt solid; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,872
    </B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Production
    of oil and natural gas <SUP>(a)(b)</SUP></B></FONT></TD>
    <TD STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;(kboe/d)
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,832
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,867
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Italy</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Europe</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">North Africa</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Egypt</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Sub-Saharan Africa</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Kazakhstan</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Asia</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Americas</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Australia and Oceania</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24
    </FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Production
    sold <SUP>(a)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;(mmboe)
    </FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152
    </B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157
    </B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>PRODUCTION OF LIQUIDS BY REGION</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="vertical-align: bottom; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-bottom: Black 1pt solid; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897
    </B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Production
    of liquids <SUP>(a)(b)</SUP></B></FONT></TD>
    <TD STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(kbbl/d)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Italy</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Europe</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">North Africa</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Egypt</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Sub-Saharan Africa</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Kazakhstan</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Asia</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Americas</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Australia and Oceania</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2
    </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>PRODUCTION OF NATURAL GAS BY REGION</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="vertical-align: bottom; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="vertical-align: bottom; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-bottom: Black 1pt solid; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,321
    </B></FONT></TD>
    <TD STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Production
    of natural gas <SUP>(a)(b)</SUP></B></FONT></TD>
    <TD STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(mmcf/d)</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,157
    </B></FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,358
    </B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Italy</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Europe</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,080
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">North Africa</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,137
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,595
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,420
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Egypt</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,434
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Sub-Saharan Africa</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Kazakhstan</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;562
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rest of Asia</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Americas</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256
    </FONT></TD>
    <TD NOWRAP STYLE="text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401
    </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120
    </FONT></TD>
    <TD NOWRAP STYLE="text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Australia and Oceania</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147
    </FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; text-align: right; text-indent: 0; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120
    </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 10pt">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(a) Includes Eni&rsquo;s share of production of equity-accounted
entities.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">(b) Includes volumes of hydrocarbons consumed in operation (118
and 100 kboe/d in the first quarter of 2019 and 2018, respectively, and 151 kboe/d in the fourth quarter of 2018).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gas &amp; Power</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Natural gas
sales</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IVQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>IQ
    </B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD NOWRAP STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD NOWRAP STYLE="vertical-align: bottom; width: 60%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 0"><FONT STYLE="font-size: 10pt">(bcm)</FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><B>2019</B></FONT></TD>
    <TD NOWRAP STYLE="width: 10%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>%
    Ch.</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8.85</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>ITALY</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10.77</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>11.19</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(4)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.95</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Wholesalers</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">2.55</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2.68</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2.11</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Italian exchange
    for gas and spot markets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">2.52</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2.97</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(15)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.30</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Industries</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1.32</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.21</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.21</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Small and medium-sized
    enterprises and services</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">0.35</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.31</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.38</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Power generation</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">0.40</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.32</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">25</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.30</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Residential</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">2.01</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2.11</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(5)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.60</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Own consumption</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1.62</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.59</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">2</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>9.87</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>INTERNATIONAL
    SALES</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>10.56</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>11.25</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(6)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>7.90</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Rest
    of Europe</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>8.00</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>9.28</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(14)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">1.04</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- Importers in
    Italy</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">1.02</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">0.89</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">6.86</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">- European markets</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt">6.98</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">8.39</FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt">(17)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.41</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Iberian Peninsula</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>1.21</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.27</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(5)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.46</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Germany/Austria</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>0.45</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.87</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(48)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.01</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Benelux</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>0.91</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.28</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(29)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.50</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>UK</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>0.49</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.78</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(37)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.70</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Turkey</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>1.77</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2.00</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(12)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.58</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>France</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>1.71</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>1.96</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>(13)</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.20</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 18pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>Other</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>0.44</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>0.23</I></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>91</I></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.97</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Rest
    of World</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>2.56</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>1.97</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>30</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>18.72</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>WORLDWIDE
    GAS SALES</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt; color: #C00000"><B>21.33</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>22.44</B></FONT></TD>
    <TD NOWRAP STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt; color: #C00000"><B>(5)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2.40</I></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>of
    which: LNG sales</I></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0; background-color: rgb(242,242,242)"><FONT STYLE="font-size: 10pt"><I>2.70</I></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; text-indent: 0"><FONT STYLE="font-size: 10pt"><I>2.70</I></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 2.25pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
