<SEC-DOCUMENT>0001104659-20-090064.txt : 20200804
<SEC-HEADER>0001104659-20-090064.hdr.sgml : 20200804
<ACCEPTANCE-DATETIME>20200804112127
ACCESSION NUMBER:		0001104659-20-090064
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200731
FILED AS OF DATE:		20200804
DATE AS OF CHANGE:		20200804

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:		201071881

	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>c2026140d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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

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



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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">For the month of July 2020</P>

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-indent: 0.5in">(Indicate by check mark
whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Form 20-F&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

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

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-indent: 0.5in">(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.)</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt">&nbsp;</P>

<P STYLE="text-indent: 0.25in; font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-align: center">Yes&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;
No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-indent: 0.5in">(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;</U>)</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-indent: 0.5in"></P>

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<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 14.1pt 0pt 14.2pt; text-indent: 0.5in">&nbsp;</P>




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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 13pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><A HREF="#a_001"><FONT STYLE="font-size: 13pt"><B>Eni remains committed to its decarbonization strategy, revises
long-term prices assumptions, having assessed the disruptions in the trading environment due to COVID-19, July 6, 2020;</B></FONT></A></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 13pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><A HREF="#a_002"><FONT STYLE="font-size: 13pt"><B>Eni: actions against covid-19 pandemic effects and consequent
market volatility continue, July 30, 2020;</B></FONT></A></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 13pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><A HREF="#a_003"><FONT STYLE="font-size: 13pt"><B>Eni result for the second quarter and half year 2020, July 30,
2020.</B></FONT></A></TD></TR></TABLE>

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

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

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

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

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

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

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




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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 13pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 13pt">Eni S.p.A.</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Vanessa Siscaro </TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 13pt">Name:</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 13pt">Vanessa Siscaro </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 13pt">Title:</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 13pt">Head of Corporate </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 13pt">Secretary&rsquo;s Staff Office </FONT></TD></TR>
</TABLE>

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0">Date: July 31, 2020</P>

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


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<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;<IMG SRC="logo2.jpg" ALT=""></P>

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

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_001"></A>Eni remains committed to its decarbonization
strategy, revises long-term prices assumptions, having assessed the disruptions in the trading environment due to COVID-19</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #333333"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 12pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt; background-color: white"><B>Strategy and implementation actions to
reduce the Company&rsquo;s carbon footprint confirmed, and possibly speeded up;</B></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #333333"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 12pt">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt; background-color: white"><B>Long-term prices assumptions for Brent
crude oil set at $60 /barrel (from 2023 onwards, in real terms), compared to $70/barrel previously</B></FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333"><FONT STYLE="background-color: white">Claudio
Descalzi, Eni&rsquo;s CEO, commented:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white"><I>&ldquo;We
confirm our strategy to become a leader in the decarbonization process, notwithstanding the enduring impacts of the COVID-19 pandemic
on the global economy and the Company. We are assessing how to speed up our plans. This ongoing evolution will allow the Company
to achieve a better balanced portfolio, reducing the exposure to the volatility of hydrocarbon prices, while progressing towards
our targets of sustainability and profitability. Our changed long-term assumptions, reached four months after the outbreak of the
COVID-19 pandemic, reflect our current expectations about future prices and will be incorporated in our processes of capital allocation.&rdquo;</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Rome, 6 July 2020 </I>&ndash; <FONT STYLE="color: #333333; background-color: white">Following
the assessment of the disruptions in the trading environment due to Covid-19 pandemic, Eni confirms the long-term strategy presented
at the end of February 2020 setting out the evolution of the Company in the next 30 years&nbsp;that will allow Eni to be a leader
in the market supplying decarbonised products and actively contributing to the energy transition process, thus combining targets
of returns and environmental sustainability. The market developments linked to the spread of the COVID-19 pandemic have made even
more compelling the robustness of our strategic path and of our long-term choices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">The
distinctive element of this strategy &ndash; as Eni already announced to the market - is the fixed 2050 absolute emissions reduction
target of 80% covering all of the Company&rsquo;s products, which is well above the 70% threshold indicated by the IEA in the Sustainable
Development Scenario that tracks the reduction of emissions compatible with the Paris Agreement. The even more sustainable evolution
of Eni&rsquo;s business model is underpinned by maintaining rigorous financial discipline in capital allocation and a robust capital
structure.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">Having
considered the prospect of the pandemic having an enduring impact on the global economy and the energy scenario, Eni has revised
its view of market fundamentals to factor in certain emerging trends. In Particular, the Company has revised its forecast for hydrocarbon
prices, which are the main driver of capital allocation decisions and of the recoverability assessment of the book values of Eni&rsquo;s
non-current assets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white"><B>Revision
of the 2020-2024 and long-term pricing scenario</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">The
revised scenario adopted by Eni foresees a long-term price of the marker Brent of 60 $/barrel in 2023 real terms compared to the
previous assumption of 70 $/barrel. For the years 2020-2022, Brent prices are expected respectively at 40, 48 and 55 $/barrel (compared
to the previous assumptions of 45, 55 and 70 $/barrel). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: #333333; background-color: white">The
price of natural gas at the Italian spot market &ldquo;PSV&rdquo; is estimated at 5.5 $/mmBTU in real terms 2023 compared to the
previous assumption of 7.8 $/mmBTU. For the years 2020-2022 it is expected respectively at </FONT><FONT STYLE="background-color: white">3.0,
4.6 e 5.2 $/mmBTU (previously 3.9, 5.1 and 7.3 $/mmBTU). <FONT STYLE="color: #333333">Long-term refining margins in the Mediterranean
area are confirmed slightly lower than 5 $/barrel. </FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white"><B>Impact
on the Group&rsquo;s financial statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">Eni&rsquo;s
impairment assessments are in progress and it is not possible at this time to precisely determine the impact of the revised impairment
testing price assumptions on the group&rsquo;s financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">Based
on information available to management and on the current progress of assessments, Eni currently expects to record in the results
of the second quarter 2020 estimated non-cash, post-tax impairment charges against non-current assets, including a devaluation
of tax credits recorded in connection with tax-losses carryforwards, of &euro; 3.5 billion, plus/minus 20%. At its mid-point, this
estimation represents a limited decrease of around 4% in the value of non-current assets. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">Pre-tax
impairment charges estimated at &euro; 2.8 billion relate for &euro; 2 billion to upstream assets, with the remaining charges to
be recorded in the refining business. Management does not expect any impairment charge against the value of explorations assets
triggered by the revision of the pricing scenario.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">The
reduction in tax credits of &euro; 0.7 billion is due to an impairment loss recorded at tax-losses carryforwards net of the tax
effects associated with the charges recorded against the book values of property, plant and equipment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"><FONT STYLE="background-color: white">The
ultimate amount of the above mentioned estimated impairment losses are expected to be recorded in Eni&rsquo;s consolidated results
for the second-quarter 2020 due to be released on July 30, 2020 and in Eni&rsquo;s interim consolidated financial report for the
first half of 2020 due to be published by the first week of August upon completion of a limited review by the Group&rsquo;s Independent
external Auditors. </FONT></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Press Office<I>: </I>Tel. +39.0252031875 &ndash; +39.0659822030</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Freephone for shareholders (from abroad): + 80011223456<BR>
Switchboard: +39-0659821<BR>
<BR>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B><U>ufficio.stampa@eni.com</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B><U>segreteriasocietaria.azionisti@eni.com</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B><U>investor.relations@eni.com</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Web site: <FONT STYLE="color: #0070C0"><U>www.eni.com</U></FONT></B></P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red">&nbsp;<IMG SRC="logo3.jpg" ALT=""></P>

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

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

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<IMG SRC="logo2.jpg" ALT=""></P>

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

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><A NAME="a_002"></A>Eni: actions against covid-19 pandemic
effects and consequent market volatility continue</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Short and medium term strategy updated:
costs and capex optimization increased; energy transition targets confirmed, and investments in businesses linked to decarbonization
raised. New shareholders&rsquo; remuneration policy put in place.</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>- In 2020, investments optimization of 2.6 billion euros
(vs 2.3 billion euros already announced), costs&nbsp; optimization of 1,4 billion euros (vs 600 million euros already announced)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>- In 2021, costs reduction of 1.4 billion euros and investments
decrease of 2.4 billion euros (vs 2.5-3.0 billion euros of reduction already announced)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>- Production profile reviewed and expected to reach around
2 million barrels of oil equivalent per day in 2023, rising to peak of around 2.05-2.10 million barrels of oil equivalent per day
in 2025</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>- Additional investments of 800 million euros in 2022 and
2023 allocated to bio-refineries projects, renewables and retail customers growth strategy</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>San Donato Milanese (Milan), 30 July
2020 </I>&ndash; Eni has updated its short and medium term strategy, and put in place a new Shareholder&rsquo;s remuneration policy
to face the effects of the pandemic on the energy sector, in terms of market volatility and the significant reduction in commodity
prices.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eni&rsquo;s CEO, Claudio Descalzi, commented:
&ldquo;Eni&rsquo;s reaction has been prompt and radical during a period that I define as the worst in the history of the oil&amp;gas
industry, affected by the pandemic and &ldquo;prices war&rdquo; effects. We have reviewed our strategy by reducing our spending
in costs and investments for the 2020-2021 period, which will be the most critical. The revision will imply that upstream production
profile will change, while targets already set for the other businesses, which are showing great resilience, could be relaunched
thanks to the allocation of new additional resources. After we have completed the revision of our strategy, then we have redefined
our remuneration policy to adapt it to the current scenario, that we expect to be volatile and with lower prices than the previous
one. The remuneration policy is innovative because it combines a floor and progressive component tailored on a Brent price of at
least 45$/barrel with a variable component tailored on the price growth up to 60$/barrel, beyond which the buy back programme will
be relaunched. The dividend will no longer be a fixed amount, in an environment increasingly subject to high variability. It will
reflect the scenario and the industrial development of the group, which aims to continue its growth by providing every year a competitive
yield to our shareholders&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Cost and Capex reduction plan enhanced</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eni made an initial review in March and
April of the activities planned for 2020 and 2021, identifying the actions that will allow the Company to keep Capex and costs
down, while retaining the highest safety standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The revision of the activities has subsequently
continued identifying even more incisive measures for reducing costs. In particular, optimization actions on investments and costs
equal to 2.6 billion euros and 1.4 billion euros respectively have been identified for 2020, with a further 300 million reduction
in investments and 800 million reduction in costs compared to previous guidance. Actions to reduce costs for an amount of 1.4 billion
euros and investments for an amount of 2.4 billion euros have been identified for 2021, amounting to 3.8 billion euros, an increase
compared to 2.5-3.0 billion euros of only investments reduction previously announced.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">25%-30% of cost reduction identified for
2020 and 2021 will be structural.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The revision of 2020 and 2021 activities
is aimed at maintaining a robust capital structure in the presence of a depressed and unstable price scenario and encompasses the
rescheduling of some activities included in the Plan approved in February by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Oil &amp; gas production is expected to
reach around 2 million barrels of oil equivalent per day in 2023, rising to peak of around 2.05-2.10 million barrels of oil equivalent
per day in 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All the other 2023 targets related to the
energy transition businesses are confirmed. In particular, the installed power capacity generated from renewables is expected to
reach 3 GW, and gas &amp; power retail customers are expected to reach 10.5 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Overall investments in the four-year period
2020-2023 now amount to 27 billion euros, with a 4.7 billion euros decrease compared to the Plan originally approved and due to
the measures put in place in the Upstream business in 2020-2021 period. Additional investments of 800 million euros in 2022 and
2023 have been allocated to the businesses involved in the energy transition, in particular bio-refining, renewables and the retail
customer segment. An improvement of growth targets related to these businesses will result from the higher investments and will
be announced by the next Strategy presentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following the revisions, &ldquo;green&rdquo;
investments will be 17% of the overall four-year period Capex (12% in the Plan previously approved), reaching 26% of the overall
investments in 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eni on 4 June created two business groups.
The <I>Natural Resources</I> business group will enhance the upstream oil&amp;gas portfolio in a sustainable manner, focusing also
on energy efficiency activities and carbon capture projects. The <I>Energy Evolution</I> business group will focus its activities
on the evolution of the generation, transformation and retail and marketing businesses from fossil to bio, blue and green products.
The new organizational structure is a fundamental step towards the implementation of Eni&rsquo;s 2050 strategy, which combines
value creation, businesses sustainability and economic and financial robustness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eni on 6 July adopted a new scenario with
a 60$/b Brent price in real terms in 2023, compared to the previous assumption of 70$/b. In 2020, 2021 and 2022 the Brent price
is expected to be 40$, 48$ and 55$/b respectively (previously 45$, 55$ and 70$).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The new Shareholders&rsquo; Remuneration
policy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eni has reviewed its shareholders&rsquo;
remuneration policy in order to give them maximum visibility on dividends payments and future buy back plan, as a result of a changed,
highly volatile scenario and the actions undertaken to face its effects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The new remuneration policy shall apply
in the case of annual Brent prices equal to, or higher than 45$/barrel and includes:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">an annual dividend composed of a floor
amount currently set at 0.36 euros per share when the annual Brent scenario is at least 45 $/barrel, and a growing variable component
which will increase when the Brent price grows above $45 upto $60;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a &euro;400 million buy back plan which
will be put in place in the case of a Brent price between 61$/barrel amd 65$/barrel, and a &euro;800 million buy back plan which
will be activated in the case of a Brent price higher than 65$/barrel.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The floor dividend will increase depending
on the results of the Company&rsquo;s growth strategy and will be reviewed every year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amount of the variable component will
be determined on the basis of the Brent price average expected for every year and calculated as an increasing percentage &ndash;
between 30% and 45% - of the incremental free cash flow generated by the Brent price scenario (+900 million euros as a result of
+5$/barrel in the Brent price) in the case of Brent prices higher than 45$/barrel and up to 60$/barrel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The floor dividend will be paid in 2020
notwithstanding today&rsquo;s forecast of an annual average Brent price of 40$/barrel: one third of the amount will be paid in
September with the interim dividend and two thirds in May 2021 with the final dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Starting from 2021 the floor dividend will
be paid 50% with the interim dividend and 50% with the final dividend. The growing variable component will be fully paid with the
interim dividend in the year when the conditions for its payment will occur, even if this occurs sooner than Eni&rsquo;s Brent
price forecasts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The new shareholders&rsquo; remuneration
policy implies a cash distribution of 0.55 euros/share, 0.47 euros/share, 0.56 euros/share and 0,70 euros/share payable in 2020,
2021, 2022 and 2023, respectively, when Eni&rsquo;s Brent price forecasts are applied and without currently assuming any increase
in the floor dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Buy back plans equal to 400 million euros
and 800 million euros could be implemented in the case of Brent price between 61$ and 65$, and higher than 65$ respectively, these
represent a further progressive growth element of the remuneration policy.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Press Office<I>: </I>Tel. +39.0252031875 &ndash; +39.0659822030</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Freephone for shareholders (from abroad): + 80011223456<BR>
Switchboard: +39-0659821<BR>
<BR>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B><U>ufficio.stampa@eni.com</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B><U>segreteriasocietaria.azionisti@eni.com</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #0070C0"><B><U>investor.relations@eni.com</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Web site: <FONT STYLE="color: #0070C0"><U>www.eni.com</U></FONT></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;<IMG SRC="logo3.jpg" ALT=""></B></P>

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

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


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<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><B><A NAME="a_003"></A>&nbsp;</B></P>

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<TR>
    <TD STYLE="vertical-align: top; width: 80%; padding-bottom: 8pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><IMG SRC="logo.jpg" ALT=""></FONT></TD>
    <TD STYLE="text-align: right; vertical-align: middle; width: 20%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Registered Head Office,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Piazzale Enrico Mattei, 1</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">00144 Roma</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Tel. +39 06598.21</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">www.eni.com</P></TD></TR>
</TABLE>

<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 324.6pt; text-indent: 35.4pt"></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0">July 30, 2020</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -3.95pt"><B></B></P>

<P STYLE="font: 18.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -3.95pt"><B>Eni result
for the second quarter and half year 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -3.95pt">&nbsp;</P>

<P STYLE="font: 18.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: -3.95pt"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></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</b></font></td>
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 2pt; border-top: rgb(191,191,191) 1pt solid; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IQ&nbsp;</B></FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: rgb(191,191,191) 1pt solid; text-align: center; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IIQ&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: rgb(191,191,191) 1pt solid; text-align: center; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IH&nbsp;</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>% Ch.</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>% Ch.</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50.26</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brent dated</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$/bbl</FONT></TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29.20</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">68.82</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(58)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39.73</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66.01</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(40)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.103</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average EUR/USD exchange rate</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.101</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.124</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.102</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.130</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45.56</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brent dated&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&euro;/bbl</FONT></TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26.51</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61.25</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(57)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36.05</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58.42</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(38)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">121</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PSV</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&euro;/kcm</FONT></TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">178</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(58)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">98</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">200</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(51)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,774</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>Hydrocarbon production</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">kboe/d</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,713</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,834</B></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(7)</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,744</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,837</B></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(5)</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,307</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>Adjusted
    operating profit (loss) <SUP>(a)</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&euro; million</FONT></TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(434)</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>2,279</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>..</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>873</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>4,633</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(81)</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>1,037</I></FONT></TD>
    <TD STYLE="padding-left: 13.5pt; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;of which:</I></FONT></TD>
    <TD STYLE="text-align: left; width: 41%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>E&amp;P</I></FONT></TD>
    <TD STYLE="text-align: center; width: 6%">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(807)</I></FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>2,140</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>..</I></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>230</I></FONT></TD>
    <TD STYLE="text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>4,448</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(95)</I></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>431</I></FONT></TD>
    <TD STYLE="padding-left: 6.75pt"></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>G&amp;P</I></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>218</I></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>43</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>407</I></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>649</I></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>378</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>72</I></FONT></TD>
    </TR>
<TR>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>16</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 6.75pt"></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>R&amp;M and Chemicals</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>73</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>51</I></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>43</I></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>89</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>33</I></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>..</I></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>59</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>Adjusted
    net profit (loss) <SUP>(a)(b)</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(714)</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>562</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>..</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(655)</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,554</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>..</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>0.02</I></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;per share - diluted (&euro;)&nbsp;</I></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(0.20)</I></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>0.16</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(0.18)</I></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>0.43</I></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(2,929)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net
    profit (loss) <SUP>(b)</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(4,406)</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>424</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>..</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(7,335)</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1,516</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>..</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(0.82)</I></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;per share - diluted (&euro;)&nbsp;</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(1.23)</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>0.12</I></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(2.05)</I></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>0.42</I></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,953</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>Net
    cash before changes in working capital at replacement cost&nbsp;<SUP>(c)</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,305</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>3,385</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(61)</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>3,258</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>6,800</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(52)</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>975</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>Net cash from operations&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>1,403</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>4,515</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(69)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>2,378</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>6,612</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #c00000"><B>(64)</B></FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,905</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net
    capital expenditure <SUP>(d)(e)</SUP></FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">957</FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,895</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(49)</FONT></TD>
    <TD STYLE="padding-top: 1pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; padding-top: 1pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,862</FONT></TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,789</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; padding-top: 1pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(24)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12,920</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net borrowings before lease liabilities ex IFRS 16</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,329</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,869</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,329</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,869</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18,681</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net borrowings after lease liabilities ex IFRS 16</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,971</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,591</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,971</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,591</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45,385</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholders' equity including non-controlling interest</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,839</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51,006</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(24)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,839</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51,006</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(24)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.28</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Leverage before lease liabilities ex IFRS 16</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.37</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.15</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.37</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.15</B></FONT></TD>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 2.5pt double; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.41</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 2.5pt double; padding-left: 13.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Leverage after lease liabilities ex IFRS 16</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.51</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.27</B></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.51</B></FONT></TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>0.27</B></FONT></TD>
    <TD STYLE="border-right: rgb(191,191,191) 1pt solid; padding-right: 2pt; border-bottom: Black 2.5pt double; text-align: right">&nbsp;</TD>
    </TR>
<TR>
    <TD STYLE="padding-right: 2pt; border-right: rgb(191,191,191) 1pt solid; border-bottom: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 13.5pt"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: rgb(191,191,191) 1pt solid; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(191,191,191) 1pt solid; border-left: rgb(191,191,191) 1pt solid; padding-right: 3pt; background-color: rgb(247,247,247); text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 2pt; border-bottom: rgb(191,191,191) 1pt solid; border-right: rgb(191,191,191) 1pt solid; text-align: right"><FONT STYLE="font-size: 4pt">&nbsp;</FONT></TD></TR>
</TABLE>

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

<P STYLE="text-align: justify; font: 8pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(a) Non-GAAP measure. For further information see the paragraph &quot;Non-GAAP measures&quot; on page 18.</P>

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">(c) Non-GAAP measure. Net cash provided by operating activities before changes in working capital excluding inventory holding gains or losses and provisions for extraordinary credit losses and other charges.</P>

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

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



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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Eni's Board
of Directors yesterday approved the consolidated results for the second quarter and first half of 2020 (not subject to audit).
Having examined the results, Eni CEO Claudio Descalzi said:</FONT></P>

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>&ldquo;Eni&rsquo;s
second quarter results are extremely positive considering we have gone through what is likely to be one of the most challenging
quarters the oil and gas industry has faced in its history. Prices collapsed along with demand due to both the pandemic crisis
and geopolitical tensions. While actions taken by OPEC+ have allowed the market to reach some stability, emerging from the pandemic
will be difficult, with signs of great uncertainty still to come. Given the current circumstances, Eni has promptly reacted by
reviewing its 2020-2021 industrial plans with the aim of maintaining a robust balance sheet. In particular, we have taken action
to reduce operating costs by &euro;1.4 billion in 2020, without compromising employee job security. Capex has been cut by &euro;2.6
billion, mainly in the upstream business, which has been most impacted by the crisis. Our gas, retail and bio-refining businesses
have shown particular robustness, posting better results than those achieved in 2019 despite the effects of the pandemic and beating
market expectations. These results have allowed us to once again generate cash flow exceeding capex, without affecting our &euro;18
billion liquidity reserve at June 30, 2020.</I>&rdquo;</FONT></P>

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


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

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

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I></I></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-size: 14pt"><B>Highlights for
    the first half and the second quarter</B></FONT></td>
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I></I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: white"></P>

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

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">Exploration &amp; Production</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Hydrocarbon production:
1.71 million boe/d </B>in the second quarter 2020, down by 6.6% compared to the second quarter 2019 (1.74 million boe/d in the
first half, down by 5.1%). </FONT></TD></TR></TABLE>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">Net of price effects, the decline
was due to COVID-19 effects and related OPEC+ production cuts as well as lower gas demand, mainly in Egypt. The positive performance
reported in Nigeria, Kazakhstan and Mexico and the additions due to the purchase of mineral interests in 2019 in Norway, more than
offset the lower volumes in Libya driven by an anticipated contractual trigger, geopolitical instability and lower entitlements/spending.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>In the first quarter
2020, started up oil production at the Agogo field</B>, in Block 15/06 offshore <B>Angola</B>, just nine months after the discovery,
thanks to the synergies with the Ngoma FPSO vessel operating the West Hub fields. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Completed a &ldquo;fast
track&rdquo; project for <B>exporting volumes of associated gas produced in Block 403 </B>in Algeria, paving the way for the synergic
development of the gas fields in the North Berkine leases.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Portfolio developments:</B></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">awarded the operatorship of Block 28 (Eni&rsquo;s interest 60%) in
the Namibe and Benguela basins <B>offshore Angola</B>;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">awarded to the JV V&aring;r Energi <B>17 new exploration licenses
</B>(7 of which operated) in the three main basins of the <B>Norwegian</B> continental shelf. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Exploration success:</B></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">the estimate of oil in place was confirmed to 1 billion barrels at
the <B>Agogo </B>discovery in <B>Block 15/06</B>, offshore Angola, following the successful outcome of a second appraisal well;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">made an oil discovery in the <B>Saasken</B> exploration prospect in
<B>Block 10</B>, <B>offshore Mexico</B>. Estimated 200-300 million barrels of oil in place;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">made a gas and condensate discovery in the <B>exploration prospect
Mahani-1</B>, onshore the <B>Sharjah Emirate (UAE)</B>, in the Concession B area, just one year after signing the concession agreement;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">made a gas discovery in the license of North El Hammad, in the <B>Bashrush
prospect </B>in the <B>Nile Delta</B>, located near Nooros and Baltim South West fields;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">oil discovery in the SWM-A-6X exploration prospect, in <B>South West
Meleiha</B> concession, in the <B>Western Desert of Egypt</B>. Production from South West Meleiha concession, started up in July
2019, in just one year ramped up to 12,000 boe/d leveraging on the contribution of new discoveries;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 11pt; color: #666666">-</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt">the estimate of gas and condensate potential was increased to 200-250
billion cubic meters of gas in place and 400-500 million of barrels of condensate at the <B>Ken Bau </B>discovery in Block 114,
<B>offshore Vietnam</B>.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>E&amp;P&rsquo;s adjusted
operating result: </B>adjusted operating loss of &euro;0.81 billion in the second quarter 2020 vs. adjusted operating profit of
&euro;2.14 billion in the same quarter of 2019 (profit of &euro;0.23 billion in the first half, down by &euro;4.2 billion y-o-y)
driven by materially lower hydrocarbon prices and by COVID-19 related effects.</FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">Gas &amp; Power</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Acquired a 20% interest
in <B>Tate s.r.l.</B>, a start-up operating in the activation and management of the electricity and gas contracts through digital
solutions.</FONT></TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Eni gas e luce and <B>OVO</B>
launched a strategic partnership to deliver a digital service in France to raise customer awareness for a responsible use of energy
and access to zero-emission technologies. Leveraging on this initiative, Eni gas e luce strengthened its position as energy advisor
in the retail business and contributes to Eni&rsquo;s energy transition. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Increased its customer
base</B> by 135,000 delivery points from the end of 2019 (up by 1.4%) due to the development of activities in Italy and in other
markets in Europe, notwithstanding the pandemic impact.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>G&amp;P&rsquo;s adjusted
operating profit </B>of &euro;0.22 billion for the second quarter 2020, a fivefold-increase compared to the same quarter of 2019
(&euro;0.65 billion in the first half, up by 72% from the first half of 2019), driven by the wholesale business which leveraged
optimizations of the gas and power assets portfolio in a volatile market. The retail business reported solid and growing results,
despite lower seasonal sales and the impact of COVID-19 on power demand and the counterparty risk.</FONT></TD></TR></TABLE>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">Refining &amp; Marketing
and Chemicals</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Achieved stable run
rates at the Gela bio-refinery</B> with throughputs 58% higher than the budget. The HVO spread was increased due to higher biofuel
demand in the main European countries (Germany, France) to comply with mandatory targets of biofuels to be sold on the market.
</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Restarted and upgraded
the Crescentino plant </B>for the production of a bioethanol disinfectant from corn glucose syrup, based on the formulation provided
by the WHO and utilized as a medical device; restarted the biomass power plant for renewable electricity generation. R&amp;D activities
currently focused on developing a production process of bio-plastics from second-generation saccharose.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">In July, Versalis finalized
the acquisition of a 40% interest in <B>Finproject</B>, a company engaged in the high-performance polymers segment, increasing
exposure to products more resilient to the volatility of the chemical scenario. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Signed an agreement with
<B>COREPLA</B> (National Consortium for the Collection, Recycling and Recovery of Plastic Packaging) to develop effective solutions
to valorize utilized plastics applying Eni&rsquo;s expertise in the fields of gasification and chemical recycling by means of pyrolysis.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>R&amp;M&rsquo;s adjusted
operating profit </B>of &euro;139 million in the second quarter was a significant improvement over the year-ago quarter, up by
&euro;60 million or 76% (&euro;220 million, a two fold increase from the first half 2019), driven by growing bio-fuels production
with the ramp-up of the Gela bio-refinery. Retail and wholesale activities were negatively affected by a drop in fuels demand due
to the lockdown measures adopted to contain the COVID-19 pandemic.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Chemicals&rsquo; adjusted
operating loss </B>of &euro;66 million in the quarter (a loss of &euro;131 million in the first half) was due to lower sale/production
volumes impacted by lower demand in connection with the ripple effects on the economy of the COVID-19 pandemic.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">Energy Solutions, decarbonization
and circular economy</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Expansion program for
renewable energy generation capacity</B>: as of June 30, 2020, installed capacity amounted to 251 MW (up by 77 MW compared to December
31, 2019).</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Closed the <B>acquisition
of a 49% stake</B> in Falck Renewables that is operating <B>five photovoltaic plants</B> in the US (for a <B>total installed capacity
of 116 MW</B>), including storage capacity, with the aim of developing joint projects in this market.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Acquired from Asja Ambiente
<B>three wind projects </B>for a <B>total capacity of 35.2 MW</B>, which are expected to produce approximately 81 GWh/y, avoiding
around 33,400 tonnes of CO<SUB>2</SUB> emissions per year. The three plants, currently under construction, are the first wind project
to be launched by Eni in Italy.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Started in July the <B>photovoltaic
plant at Volpiano</B> (total capacity of 18 MW), with an expected production of 27 GWh/y, avoiding 370,000 tonnes of CO<SUB>2</SUB>
emissions over the service life of the plant.</FONT></TD></TR></TABLE>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Direct GHG emissions
(Scope 1)</B>: in the first half reduced to 18.86 million tCO<SUB>2</SUB> eq. from 20.86 million tCO<SUB>2</SUB> eq. in the first
half 2019.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">Group results</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Quarterly results were negatively and
materially affected by the combined impact of the ongoing economic recession due to the COVID-19 effects on production, international
commerce and travel, with a major impact on energy demand, and by oil and gas oversupplies. </B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Adjusted
                                         operating result</B>: reported an adjusted operating loss of &euro;0.43 billion in the
                                         second quarter 2020 vs. a profit of &euro;2.28 billion in the second quarter 2019 (adjusted
                                         operating profit of &euro;0.87 billion in the first half 2020, down by 81% compared to
                                         2019). The lower quarterly performance was driven by scenario effects of -&euro;2.6 billion
                                         and the operational effects of COVID-19 for -&euro;0.3 billion<SUP>1</SUP>, partly offset
                                         by an improved underlying performance of &euro;0.2 billion. In the first half 2020, the
                                         underlying performance was positive for &euro;0.3 billion.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Adjusted net result:
</B>adjusted net loss at &euro;0.71 billion in the second quarter and &euro;0.66 billion in the first half, driven by a lower operating
profit and an increased Group tax rate that was negatively affected by the depressed scenario.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Net result</B>: the
Group reported a net loss of &euro;4.41 billion and &euro;7.34 billion in the second quarter and the first half 2020, respectively,
due to the recognition of pre-tax impairment losses at non-current assets for &euro;3.4 billion (of which &euro;2.8 billion in
the second quarter) mainly relating to oil&amp;gas assets and refinery plants, due to a revised outlook for oil and natural gas
prices and product margins, equaling to a post-tax amount of &euro;3.6 billion that includes the write-off of deferred tax assets
(of which &euro;3.5 billion booked in the second quarter). Net result was also affected by a post-tax loss on stock of &euro;1
billion due to the alignment of the book value of inventories to current market prices.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Adjusted net cash before
changes in working capital at replacement cost</B>: &euro;3.26 billion in the first half 2020, down by 52% vs. the first half 2019
(&euro;1.31 billion in the quarter, down by 61%) driven by negative scenario effects for -&euro;3.5 billion, including the impact
of dividends from equity accounted entities, operational impacts associated with the COVID-19 for -&euro;0.6 billion, a non-cash
change in fair valued derivatives for -&euro;0.3 billion, while the underlying performance was a positive of &euro;0.8 billion.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Net cash from operations</B>:
approximately &euro;2.4 billion in the first half, down by 64% (&euro;1.4 billion in the quarter, down by 69%). </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Net investments</B>:
&euro;2.86 billion, down by 24% due to the curtailment of the capex plan adopted since March 2020, fully funded by the adjusted
cash flow.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Net borrowings</B>:
&euro;19.97 billion (&euro;14.33 billion when excluding lease liabilities), up by &euro;2.85 billion from December 31, 2019. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Leverage</B>: 0.37,
before the effect of IFRS 16, higher than the ratio at December 31, 2019 (0.24) and at March 31, 2020 (0.28). Including IFRS 16,
leverage was 0.51.</FONT></TD></TR></TABLE>

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

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

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 7pt"><SUP>1</SUP>
They comprise a reduction in hydrocarbon production due to capex cut and lower global gas demand, lower offtakes at LNG supply
in Asia, lower production sale volumes in R&amp;M and Chemicals, higher allowances for doubtful accounts due to an expected deterioration
in the counterparty risk.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></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-size: 14pt"><B>Outlook 2020</B></FONT></td>
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following positive trends recorded in the
oil market in June and July, Eni is assuming a gradual recovery in global consumption of hydrocarbons and power in the second half
of the year, particularly in Eni&rsquo;s reference markets. Eni expects a rebound in energy demand in 2021.</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Having considered the prospect of the pandemic
having an enduring impact on the global economy and the energy scenario, management revised the Company&rsquo;s outlook for crude
oil prices, reducing the long-term price of the marker Brent to 60 $/barrel in 2023 real terms compared to the previous assumption
of 70 $/barrel. For the years 2021-2022, Brent prices are expected at 48 and 55 $/barrel respectively (compared to the previous
assumptions of 55 and 70 $/barrel). Spot gas prices at the Italian hub have been reduced by 30% in the long-term, while refining
margins are expected to decline in the short term.</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eni has promptly reviewed the industrial
plans to adapt the business to the crisis scenario caused by the COVID-19 pandemic, defining a set of actions and initiatives designed
to strengthen liquidity and the robustness of the balance sheet, to preserve profitable operations and increase the portfolio resilience
to the scenario, without impairing the Company's ability to grow as soon as macro-economic conditions improve, while accelerating
its strategy to be a leader in the market supplying decarbonised products.</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Considering a highly volatile scenario and
ongoing disruptions in the global economy, management is disclosing a sensitivity analysis of Eni&rsquo;s 2020 adjusted cash flow
before working capital to changes in the scenario (see below).</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The review of the industrial plan and the
Group strategy in the short-medium term foresees:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Capex cuts of approximately
&euro;2.6 billion for 2020</B>, approximately 35% lower than the initial capital budget; the new capex guidance for 2020 is &euro;5.2
billion. Anticipated reductions of &euro;2.4 billion in 2021, i.e. 30% lower than original plans. <B>Capex revisions almost fully
focused in the E&amp;P segment</B>.</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: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Expected production
of 1.71</B>&ndash;<B>1.76 mboe/d in 2020 including OPEC+ cuts</B>, in line with the earlier guidance, due to capex curtailments
in response to the COVID-19 crisis, a lower global gas demand also impacted by the pandemic effects and finally extension of force
majeure in Libya for the FY 2020.</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: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Implemented widespread
initiatives to <B>save approximately &euro;1.4 billion of expenses </B>in 2020; reductions of the same amount expected in 2021.</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: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">At management&rsquo;s
assumption of an average Brent price of 40 $/bbl for the FY 2020, expected <B>adjusted cash flow before working capital changes
</B>of &euro;6.5 billion will enable the Company to fund the expected capex for 2020. Compared to the initial guidance of &euro;11.5
billion at a Brent price of 60 $/barrel, the shortfall is attributable to lower Brent prices (for a total effect of -&euro;4.5
billion) and COVID-19 impact (approximately -&euro;1.7 billion), partly offset by opex savings and positive performance equal to
&euro;1.2 billion. </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: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Sensitivity of the
cash flow to movements in crude oil prices</B>: estimated approximately &euro;170 million of cash flow variation for each one-dollar
change in the Brent crude oil prices and commensurate changes in gas prices applicable to deviation in a range of 5-10 $/bbl from
the base-case scenario, also assuming no further management&rsquo;s initiatives and excluding effects on dividends from equity
accounted entities.</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: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>2020 EBIT adjusted
mid-downstream</B> (G&amp;P, R&amp;M with pro-forma ADNOC and Versalis): &euro;0.8 billion.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">Eni is well equipped to
withstand the downturn leveraging the <B>resilience of its portfolio of conventional oil and gas properties with low break-even
prices and a robust financial position</B>: at June 30, 2020, the Company can count on a <B>liquidity reserve</B> of approximately
&euro;17.7 billion, consisting of cash of &euro;6.5 billion, &euro;6 billion of readily disposable securities, &euro;0.5 billion
of short-term financing receivables and &euro;4.7 billion of undrawn committed borrowing facilities. </FONT></TD></TR></TABLE>

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

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

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

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    <TD STYLE="padding: 5.4pt; background-color: rgb(255,212,101); width: 50%"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Business segments operating results</B></FONT></TD>
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 14pt"><B>Exploration &amp; Production</B></FONT></P>


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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"><B>Production and prices</B></P>

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

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    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: right">IQ</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center">IIQ</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center">IH</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2020</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2020</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2019</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">% Ch.</TD><TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2020</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">2019</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: right">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt; font-weight: bold; text-align: left">Production</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-size: 10pt">&nbsp;</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 7%; font-size: 10pt; text-align: right">892</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt; text-align: left; width: 37%">Liquids</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 7%; font-size: 10pt; text-align: left">kbbl/d</TD><TD STYLE="background-color: rgb(247,247,247); width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); width: 7%; font-size: 10pt; text-align: right">853</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 7%; font-size: 10pt; text-align: right">867</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; width: 7%; font-size: 10pt; text-align: right">(1.6)</TD><TD STYLE="background-color: rgb(247,247,247); width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); width: 7%; font-size: 10pt; text-align: right">873</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 7%; font-size: 10pt; text-align: right">877</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 7%; font-size: 10pt; text-align: right">(0.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right">4,768</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt; text-align: left">Natural gas</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">mmcf/d</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt; text-align: right">4,653</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">5,230</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-size: 10pt; text-align: right">(10.8)</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt; text-align: right">4,711</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">5,194</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">(9.5)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">1,774</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; padding-left: 0.125in; font-size: 10pt; color: #C00000; font-weight: bold; text-align: left; padding-bottom: 1pt">Hydrocarbons</TD><TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; text-align: left; padding-bottom: 1pt">kboe/d</TD><TD STYLE="background-color: rgb(247,247,247); border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">1,713</TD><TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">1,834</TD><TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">(6.6)</TD><TD STYLE="background-color: rgb(247,247,247); border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">1,744</TD><TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">1,837</TD><TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Gray 1pt solid; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right; padding-bottom: 1pt">(5.1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt; font-weight: bold; text-align: left">Average realizations</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right">43.58</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt; text-align: left">Liquids</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$/bbl</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt; text-align: right">24.24</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">63.52</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-size: 10pt; text-align: right">(62)</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt; text-align: right">33.49</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">60.70</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">(45)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right">4.28</TD>
    <TD STYLE="padding-left: 0.125in; font-size: 10pt; text-align: left">Natural gas</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$/kcf</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt; text-align: right">3.40</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">4.90</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-size: 10pt; text-align: right">(31)</TD><TD STYLE="background-color: rgb(247,247,247); font-size: 10pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-size: 10pt; text-align: right">3.84</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">5.26</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right">(27)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">33.71</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 0.125in; font-size: 10pt; color: #C00000; font-weight: bold; text-align: left">Hydrocarbons</TD><TD STYLE="border-bottom: Black 2pt double; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; text-align: left">$/boe</TD><TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">21.56</TD><TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">45.18</TD><TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">(52)</TD><TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">27.50</TD><TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">45.00</TD><TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-size: 10pt; color: #C00000; font-weight: bold; text-align: right">(39)</TD></TR>
</TABLE>


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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter of 2020, <B>oil and natural gas production </B>averaged 1,713 kboe/d
                                         (1,744 kboe/d in the first half), a decrease of 7% compared to the second quarter of
                                         2019 (down by 5% from the first half). Net of price effects, the decline was due to COVID-19
                                         effects and related OPEC+ production cuts as well as lower gas demand, mainly in Egypt.
                                         The positive performance reported in Nigeria, Kazakhstan and Mexico and the additions
                                         due to the purchase of mineral interests in 2019 in Norway, more than offset the lower
                                         volumes in Libya driven by an anticipated contractual trigger, geopolitical instability
                                         and lower entitlements/spending.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Liquids
                                         production</B> was 853 kbbl/d, down by 2% from the second quarter 2019 (873 kbbl/d in
                                         the first half, in line with the same period of 2019). Production growth in Kazakhstan
                                         and production ramp-up in Mexico, were offset by lower production in Libya and mature
                                         field declines.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Natural
                                         gas production</B> amounted to 4,653 mmcf/d in the period, decreased by 577 mmcf/d or
                                         by approximately 11% y-o-y (4,711 mmcf/d in the first half, down by 10%). Lower production
                                         in Libya and the impact of lower natural gas demand in certain areas (mainly in Egypt),
                                         as well as LNG demand were partly offset by the growth in Nigeria and Kazakhstan.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">% Ch.</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">% Ch.</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 8%">715</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left; width: 45%">Operating profit (loss)&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; font-style: italic; text-align: right; border-top-color: black; border-top-width: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 8%">(2,393)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 8%">2,136</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 8%">(1,678)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 8%">4,425</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">322</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of special items</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1,586</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">4</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1,908</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">23</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,037</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(807)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">2,140</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">230</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">4,448</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(95)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(115)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net finance (expense) income</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(54)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(79)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(169)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(203)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(59)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net income (expense) from investments</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">102</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">86</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">43</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">148</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(651)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(26)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(1,415)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(677)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(2,590)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">212</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: left">Adjusted net profit (loss)&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; font-style: italic; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">(785)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">732</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">(573)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">1,803</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Results also include:</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">175</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Exploration expenses:</TD>
    <TD STYLE="color: #C00000; font-weight: bold; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">261</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">189</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">38</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">436</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">306</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">42</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- prospecting, geological and geophysical expenses</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">45</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">64</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">100</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">146</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">120</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- write-off of unsuccessful wells&nbsp;</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">216</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">125</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">336</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">160</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">1,258</TD>
    <TD STYLE="border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Capital expenditure</TD>
    <TD STYLE="border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">760</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">1,676</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(55)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">2,018</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">3,662</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(45)</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter of 2020, the <B>Exploration &amp; Production </B>segment reported
                                         an <B>adjusted operating loss </B>of &euro;807 million compared with an adjusted operating
                                         profit of &euro;2,140 million in the second quarter of 2019. Approximately 90% of the
                                         EBIT contraction was driven by a sharply deteriorated oil scenario as witnessed by a
                                         58% decline in both the price of the Brent crude oil benchmark and in the benchmark gas
                                         price at the Italian spot market &ldquo;PSV&rdquo;, leading to reduced equity realization
                                         prices. Furthermore, the result of the period was affected by a loss incurred in reselling
                                         the gas entitlements of a Libyan partner, which were marketed in Europe. This reselling
                                         price is excluded from the calculation of Eni&rsquo;s average realized gas prices disclosed
                                         above, because Eni&rsquo;s realized prices are calculated only with reference to equity
                                         production. </FONT></TD></TR></TABLE>

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

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

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font-size: 10pt">Unfavorable
volume/mix effects and bigger write-off expenses relating to unsuccessful exploration wells also negatively affected the quarterly
performance and were partly offset by savings at operating expenses.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font-size: 10pt">In
the first half of 2020, adjusted operating profit was &euro;230 million, down by &euro;4.22 billion, of which -&euro;3.6 billion
due to scenario effects.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         segment reported an <B>adjusted net loss </B>in both the reporting periods (-&euro;785
                                         million in the quarter; -&euro;573 million in the first half) due to a lower operating
                                         profit and lower results accrued at the equity-accounted entities, mainly Eni&rsquo;s
                                         share of results at the JV V&aring;r Energi (a reduction of &euro;57 million in the first
                                         half) and at Angola LNG (a reduction of &euro;51 million in the first half) driven by
                                         a significantly deteriorated trading environment.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         adjusted tax rate in the first half was negatively and materially affected by a worsening
                                         scenario that on one hand reduced the business capacity to recognize deferred tax assets
                                         on the losses of the period, due to the projection of lower future taxable income, also
                                         determining the concentration of positive pre-tax results in countries with higher taxation
                                         and on the other hand exacerbated the impact of certain trends such as the non-deductibility/non-recoverability
                                         of some cost items (such as costs relating to the exploration phase of new licenses).
                                         Furthermore, the tax rate was negatively affected by a tax disoptimization due to the
                                         fact that a loss incurred at reselling the gas entitlements of a Libyan partner was a
                                         non-deductible tax item, whose amount increased significantly in the quarter due to the
                                         widening differentials between oil-linked gas prices and spot prices in Europe.</FONT>
                                         <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"></font></TD></TR></TABLE>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">For the disclosure
on business segment special charges, see page 11.</FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 14pt"><B>Gas &amp; Power</B></FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000"><B>Sales</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 3pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: black 1pt solid; text-align: right">% Ch.</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: black 1pt solid; text-align: right">% Ch.</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">121</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left; width: 41%">PSV</TD>
    <TD STYLE="padding-right: 3pt; text-align: right; width: 10%">&euro;/kcm</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; text-align: right; width: 7%">75</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 7%">178</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 7%">(58)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; text-align: right; width: 7%">98</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 7%">200</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 7%">(51)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: right">102</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">TTF</TD>
    <TD STYLE="padding-right: 3pt; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; text-align: right">57</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right">137</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right">(58)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; text-align: right">80</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right">167</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right">(52)</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: middle; text-align: left">Natural gas sales</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">bcm</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: right">8.97</TD>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Italy</TD>
    <TD STYLE="padding-right: 3pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); vertical-align: middle; text-align: right">9.13</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">9.69</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">(6)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); vertical-align: middle; text-align: right">18.10</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">20.46</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">(12)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: right">6.83</TD>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Rest of Europe</TD>
    <TD STYLE="padding-right: 3pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); vertical-align: middle; text-align: right">3.87</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">5.97</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">(35)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); vertical-align: middle; text-align: right">10.70</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">13.97</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">(23)</TD></TR>
<TR>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: right">0.96</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; vertical-align: bottom; text-align: left">of which: Importers in Italy</TD>
    <TD STYLE="padding-right: 3pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; vertical-align: middle; text-align: right">0.98</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">1.10</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">(11)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; vertical-align: middle; text-align: right">1.94</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">2.12</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">(8)</TD></TR>
<TR>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: right">5.87</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; vertical-align: bottom; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;European markets</TD>
    <TD STYLE="padding-right: 3pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; vertical-align: middle; text-align: right">2.89</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">4.87</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">(41)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; vertical-align: middle; text-align: right">8.76</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">11.85</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">(26)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: right">0.95</TD>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Rest of World</TD>
    <TD STYLE="padding-right: 3pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); vertical-align: middle; text-align: right">0.92</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">2.14</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">(57)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); vertical-align: middle; text-align: right">1.87</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">4.70</TD>
    <TD STYLE="padding-right: 2pt; vertical-align: middle; text-align: right">(60)</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom; text-align: right">16.75</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; vertical-align: middle; text-align: left">Worldwide gas sales</TD>
    <TD STYLE="padding-right: 3pt; color: #C00000; font-weight: bold; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">13.92</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">17.80</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(22)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">30.67</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">39.13</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(22)</TD></TR>
<TR>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: right">2.50</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; vertical-align: bottom; text-align: left">of which: LNG sales</TD>
    <TD STYLE="padding-right: 3pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; vertical-align: middle; text-align: right">2.00</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">2.20</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">(9)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; vertical-align: middle; text-align: right">4.50</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">4.90</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; vertical-align: middle; text-align: right">(8)</TD></TR>
<TR>
    <TD STYLE="border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: right">9.89</TD>
    <TD STYLE="border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; padding-left: 18px; color: #C00000; font-weight: bold; vertical-align: middle; text-align: left">Power sales</TD>
    <TD STYLE="padding-right: 3pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; vertical-align: middle; text-align: right">TWh</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">8.38</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">9.25</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(9)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">18.27</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">19.39</TD>
    <TD STYLE="padding-right: 2pt; border-top: Gray 0.5pt solid; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(6)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; color: #c00000"><B></B></FONT></P>

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 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: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter of 2020, <B>natural gas sales</B> of 13.92 bcm decreased by 22% from
                                         the same quarter of 2019 (30.67 bcm, down by 22% in the first half). Sales in Italy (9.13
                                         bcm, down by 6% and 18.10 bcm, down by 12%, in the second quarter and in the first half,
                                         respectively) were lower than the corresponding period a year ago mainly due to weaker
                                         seasonal sales and the impact of an ongoing economic downturn driven by the lockdown
                                         measures adopted in Italy and Europe to contain the spread of COVID-19. Sales in the
                                         European markets (2.89 bcm and 8.76 bcm in the second quarter and in the first half,
                                         respectively) decreased by 41% and 26% from the comparative periods, respectively, as
                                         result of the challenging demand backdrop also following lower gas nominations made by
                                         Botas in Turkey and portfolio rationalization initiatives in Germany.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Power
                                         sales</B> were 8.38 TWh in the quarter (18.27 TWh in the first half), reporting a 9%
                                         decrease from the same period of the previous year (down by 6% compared to the first
                                         half 2019) due to an economic slowdown in connection with lockdown measures adopted to
                                         contain the COVID-19.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center">(&euro; million)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">% Ch.</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">% Ch.</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">208</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left; width: 50%">Operating profit (loss)&nbsp;</TD>
    <TD STYLE="color: #C00000; text-align: center; border-top-color: black; border-top-width: 1pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">182</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">139</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">31</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">390</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">347</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: black; border-top-width: 1pt; width: 7%">12</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">223</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of special items&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">36</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(96)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">259</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">31</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">431</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">218</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">43</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">407</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">649</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">378</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">72</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">274</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Gas &amp; LNG Marketing and Power</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; text-align: right">192</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">23</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">..</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; text-align: right">466</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">212</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">157</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Eni gas e luce</TD>
    <TD STYLE="font-style: italic; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; text-align: right">26</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">20</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">30</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-style: italic; text-align: right">183</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">166</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net finance (expense) income</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">(1)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(1)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">(1)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net income (expense) from investments&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">(4)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(6)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">(5)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(113)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">(99)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(10)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">(212)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(115)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">317</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: left">Adjusted net profit (loss)&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; font-style: italic; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">114</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">26</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">..</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">431</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">265</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">63</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">57</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Capital expenditure</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">52</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">57</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">109</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">99</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">10</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"></FONT>&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter of 2020, the <B>Gas &amp; Power</B> segment reported an <B>adjusted
                                         operating profit</B> of &euro;218 million (&euro;649 million in the first half, up by
                                         72%), representing a fivefold increase compared to the same period of 2019. The better
                                         operating performance of the GLP business in both reporting periods benefitted from optimization
                                         initiatives at the gas and power asset portfolio against the backdrop of high price volatility,
                                         partly offset by a declining performance at the LNG business due to the lockdown of Asian
                                         economies in response to the COVID-19, which forced a number of buyers to reduce liftings
                                         at LNG supply contracts, exacerbating a global glut in the gas market and pricing pressure.
                                         The retail business reported an improved performance (the adjusted operating profit was
                                         up by &euro;6 million vs. the year-ago quarter, up by 30%), despite lower sales due to
                                         the COVID-19 pandemic-induced economic downturn and higher provisions for doubtful accounts
                                         based on an expected deterioration in the counterparty risk. Those negatives were more
                                         than offset by gains due to commercial/efficiency initiatives, by the contribution of
                                         extra-commodity products and services in Italy as well as by the development in France
                                         and Greece.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</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;114 million) increased by &euro;88 million vs. the second quarter
                                         of 2019. In the first half of 2020, the adjusted net profit increased by 63% to &euro;431
                                         million.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font-size: 10pt">For
the disclosure on business segment special charges, see page 11.</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 14pt"><B>Refining &amp; Marketing and
Chemicals</B></FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"><B>Production and sales</B></P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 0.125in">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: right">2020</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">% Ch.</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">% Ch.</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">3.6</TD>
    <TD STYLE="padding-left: 0.125in; font-weight: bold; width: 46%">Standard Eni Refining Margin (SERM)</TD>
    <TD STYLE="text-align: left; width: 7%">$/bbl</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; text-align: right; width: 7%">2.3</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 7%">3.7</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 6%">(38)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); font-weight: bold; text-align: right; width: 7%">2.9</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 7%">3.6</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; text-align: right; width: 6%">(19)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">4.06</TD>
    <TD STYLE="padding-left: 0.125in">Throughputs in Italy</TD>
    <TD STYLE="text-align: left">mmtonnes</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">3.15</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">5.25</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(40)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">7.21</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">10.19</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(29)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">0.55</TD>
    <TD STYLE="padding-left: 0.125in">Throughputs in the rest of Europe</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">0.50</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">0.38</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">32</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">1.05</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">0.79</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">33</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">1.42</TD>
    <TD STYLE="padding-left: 0.125in">Throughputs in the Middle East (ADNOC Refining 20%)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">1.69</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">3.11</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">6.03</TD>
    <TD STYLE="padding-left: 0.125in; color: #C00000; font-weight: bold">Total throughputs</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">5.34</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">5.63</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(5)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">11.37</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">10.98</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">4</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">74</TD>
    <TD STYLE="padding-left: 0.125in">Average refineries utilization rate</TD>
    <TD STYLE="text-align: left">%</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">60</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">88</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">67</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">87</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: gray 0.5pt solid; text-align: right">188</TD>
    <TD STYLE="padding-left: 0.125in; border-bottom: gray 0.5pt solid">Bio throughputs</TD>
    <TD STYLE="border-bottom: gray 0.5pt solid; text-align: left">ktonnes</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: gray 0.5pt solid; text-align: right">188</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 0.5pt solid; text-align: right">19</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 0.5pt solid; text-align: right">..</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: gray 0.5pt solid; text-align: right">376</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: gray 0.5pt solid; text-align: right">100</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 0.5pt solid; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 0.125in; font-weight: bold">Marketing</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">1.64</TD>
    <TD STYLE="padding-left: 0.125in; color: #C00000; font-weight: bold">Retail sales in Europe</TD>
    <TD STYLE="text-align: left">mmtonnes</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">1.32</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">2.10</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(37)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">2.96</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">4.05</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(27)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">1.12</TD>
    <TD STYLE="padding-left: 0.125in">Retail sales in Italy</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">0.89</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1.48</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(40)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">2.01</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">2.86</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(30)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">0.52</TD>
    <TD STYLE="padding-left: 0.125in">Retail sales in the rest of Europe</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">0.43</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">0.62</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(31)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">0.95</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1.19</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(20)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">23.2</TD>
    <TD STYLE="padding-left: 0.125in">Retail market share in Italy</TD>
    <TD STYLE="text-align: left">%</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">23.9</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">23.4</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">23.6</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">23.7</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">2.08</TD>
    <TD STYLE="padding-left: 0.125in; color: #C00000; font-weight: bold">Wholesale sales in Europe</TD>
    <TD STYLE="text-align: left">mmtonnes</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">1.75</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">2.57</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(32)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">3.83</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">4.83</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(21)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">1.51</TD>
    <TD STYLE="padding-left: 0.125in">Wholesale sales in Italy</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">1.16</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1.98</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(41)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">2.67</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">3.67</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(27)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">0.57</TD>
    <TD STYLE="padding-left: 0.125in; border-bottom: Black 0.5pt solid">Wholesale sales in the rest of Europe</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: Black 0.5pt solid; text-align: right">0.59</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 0.5pt solid; text-align: right">0.59</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: Black 0.5pt solid; text-align: right">1.16</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 0.5pt solid; text-align: right">1.16</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-left: 0.125in; font-weight: bold">Chemicals</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">0.89</TD>
    <TD STYLE="padding-left: 0.125in; color: #C00000; font-weight: bold">Sales of petrochemical products</TD>
    <TD STYLE="text-align: left">mmtonnes</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">1.02</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">1.12</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">1.90</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">2.16</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(12)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 2pt double; text-align: right">58</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 0.125in">Average plant utilization rate</TD>
    <TD STYLE="border-bottom: Black 2pt double; text-align: left">%</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: Black 2pt double; text-align: right">60</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; text-align: right">69</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; background-color: rgb(247,247,247); border-bottom: Black 2pt double; text-align: right">59</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; text-align: right">67</TD>
    <TD STYLE="padding-right: 2pt; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter 2020, the <B>Eni Standard Refining Margin </B>reported non-remunerative
                                         values (2.3 $/barrel the average quarterly level, down by 38% from the second quarter
                                         of 2019; 2.9 $/barrel the average of the first half, down by 19%) due to shrinking crack
                                         spreads of leading products (mainly gasoil and jet fuel) due to a challenged demand backdrop
                                         with consumption levels severely hit by the pandemic. This trend was exacerbated by the
                                         start of an uptrend in the cost of the oil feedstock since the implementation of the
                                         production cuts resolved by the OPEC+ agreement. Furthermore, the reduction of Ural crude
                                         supplies drove its strong appreciation compared to light-sweet crudes, such as the Brent,
                                         with the discount actually turning into a premium (+0.2 $/barrel the average quarterly
                                         premium of the Ural crude vs. the Brent crude), resulting in a sharp decrease of conversion
                                         margins. This was an uncommon occurrence, which highlights the relevance of market dislocations.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</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 3.65 mmtonnes in the second quarter 2020,
                                         down by 35% (8.26 mmtonnes in the first half, down by 25%), when excluding to allow a
                                         like-for-like comparison the effect of the acquisition of a 20% interest in ADNOC Refining
                                         effective August 1, 2019. The reduced performance was due to sharply lower refinery utilization
                                         rates reflecting a challenged demand backdrop as a result of pandemic-induced lockdown
                                         measures and storage saturation.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Bio
                                         throughputs</B> were 188 ktonnes, significantly higher than the same period of 2019,
                                         due to the start-up of the Gela bio-refinery in August 2019 and lower standstills at
                                         the Venice plant. In the first half of 2020 bio throughputs were 376 ktonnes, increasing
                                         for the aforementioned drivers as the quarter.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</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 the quarter were 0.89 mmtonnes, down by 40% (2.01 mmtonnes in the
                                         first half; down by 30%). The decline recorded in all the business segments, was due
                                         to sharply lower consumption due to lockdown measures, which negatively affected travel.
                                         The market share for the quarter was 23.9% (23.4% in the second quarter 2019).</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</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 1.16 mmtonnes, down by 41% y-o-y (2.67 mmtonnes in the first
                                         half; down by 27%), due to lower sales of jet fuel, following declining consumptions
                                         due to the lockdown to contain the spread of the COVID-19. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</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> of 1.02 mmtonnes decreased by 16% y-o-y
                                         (2.11 mmtonnes in the first half, down by 10%), mainly as a result of lower volumes marketed
                                         in Austria, France, Switzerland and Spain, following the lower demand due to the lockdown,
                                         partly offset by higher sales in Germany due to the restart of the Vohburg plant.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</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>were 1.02 mmtonnes in the second quarter, down by 9% y-o-y
                                         (down by 12% in the first half). The reduction was reported mainly in the intermediate
                                         and elastomers product lines due to weaker demand at the main end-markets, particularly
                                         the automotive sector, as result of a global economic downturn following the lockdown
                                         measures to contain the spread of the COVID-19. These trends have been partly mitigated
                                         by higher sales volumes for polyethylene and styrenics due to brisk demand for certain
                                         sub-segments tied to the COVID-19 emergency, like packaging and single-use plastics.</FONT></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Petrochemical
                                         product margins.</B> A strong rebound was reported in the intermediates and polyethylene
                                         segments driven by higher demand and lower availability of products imported from extra-European
                                         countries; other segments (styrenics and elastomers) reported margins in line y-o-y as
                                         result of a global economic downturn. In particular, the cracker margin reported a strong
                                         recovery in March and April when the oil market fell abruptly; nevertheless, this trend
                                         began reverting after the implementation of OPEC+ cuts, which supported the feedstock
                                         price.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"><B>Results</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD STYLE="padding-right: 2pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; width: 51%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: black 1pt solid; padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">% Ch.</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">% Ch.</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(1,910)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Operating profit (loss)&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(392)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(96)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(2,302)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">332</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">1,691</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(321)</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1,370</TD>
    <TD STYLE="text-align: right">(444)</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">235</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of special items</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">786</TD>
    <TD STYLE="text-align: right">189</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1,021</TD>
    <TD STYLE="text-align: right">145</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">16</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">73</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">51</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">43</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">89</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">33</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">81</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Refining &amp; Marketing</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">139</TD>
    <TD STYLE="font-style: italic; text-align: right">79</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">76</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">220</TD>
    <TD STYLE="font-style: italic; text-align: right">107</TD>
    <TD STYLE="font-style: italic; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">(65)</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Chemicals</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">(66)</TD>
    <TD STYLE="font-style: italic; text-align: right">(28)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">(131)</TD>
    <TD STYLE="font-style: italic; text-align: right">(74)</TD>
    <TD STYLE="font-style: italic; text-align: right">(77)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net finance (expense) income</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net income (expense) from investments</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(19)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(29)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(62)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">25</TD>
    <TD STYLE="text-align: right">(29)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(37)</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">(64)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: left">Adjusted net profit (loss)&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">80</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">3</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">16</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">(12)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: gray 0.5pt solid; border-bottom: gray 0.5pt solid; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">235</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Capital expenditure</TD>
    <TD STYLE="border-bottom: Black 2pt double; background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">142</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">229</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="border-bottom: Black 2pt double; background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">377</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">417</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(10)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; color: #c00000"><B></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter of 2020, the <B>Refining &amp; Marketing </B>business reported an
                                         <B>adjusted operating profit</B> of &euro;139 million, &euro;60 million higher than the
                                         second quarter 2019 (&euro;220 million in the first half of 2020, up by &euro;113 million).
                                         The refining business reported a positive performance thanks to higher margins and volumes
                                         of bio throughputs which benefitted from the startup of the Gela bio-refinery in August
                                         2019. Those positives were partly offset by lower refinery utilization rates at traditional
                                         cycles and lower refining margins and profitability at complex throughputs due to COVID-19
                                         widespread effects. The marketing business reported lower results both in the retail
                                         and wholesale segments, due to a collapse of fuel sales due to full enactment of lockdown
                                         measures in Italy in response to COVID-19 pandemic, partly offset by the efficiency and
                                         optimization initiatives.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                         the second quarter of 2020, the <B>Chemical </B>business reported an <B>adjusted operating
                                         loss </B>of &euro;66 million, worse than the same period of 2019. In the first half of
                                         2020 the adjusted operating result was a loss of &euro;131 million (down by 77% from
                                         the first half of 2019). The results were affected by ongoing weak demand trends in the
                                         main elastomers end-markets, in particular the automotive sector, which were exacerbated
                                         by the ripple effects on the global economic caused by the lockdown measures related
                                         to COVID-19, as well as lower product availability due to longer maintenance standstills
                                         at the main production hubs in response to the COVID-19 emergency (particularly at the
                                         Priolo and Brindisi hub). These trends were offset by a recovery in polyethylene margins,
                                         driven by the higher demand and lower extra-European imports which helped mitigate the
                                         competitive pressure. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Adjusted
                                         net result</B> was a net profit of &euro;80 million, up from a net profit of &euro;3
                                         million in the same period of 2019, due to better operating performance and dividends
                                         earned from entities valued at fair value through OCI, partially offset by a loss related
                                         to the investment in ADNOC Refining, which was negatively affected by a weak margins
                                         scenario in the Middle East and planned maintenance activities. In the first half, adjusted
                                         net result was &euro;16 million (adjusted net loss of &euro;12 million in the same period
                                         of 2019).</FONT></TD></TR></TABLE>

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

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">For the disclosure on business
segment special charges, see page 11.</FONT></P>

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

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

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

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<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: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Group
results</B></FONT></TD>
    <TD STYLE="width: 40%; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; background-color: white; text-align: right; width: 6%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 60%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 6%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 5%">% Ch.</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 9px; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 5%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">13,873</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Net sales from operations</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; text-align: right">8,157</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,440</TD>
    <TD STYLE="font-weight: bold; text-align: right">(56)</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; text-align: right">22,030</TD>
    <TD STYLE="font-weight: bold; text-align: right">36,980</TD>
    <TD STYLE="font-weight: bold; text-align: right">(40)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">(1,095)</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Operating profit (loss)</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; text-align: right">(2,680)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,231</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; text-align: right">(3,775)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,749</TD>
    <TD STYLE="font-weight: bold; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,577</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(183)</TD>
    <TD STYLE="text-align: right">(74)</TD>
    <TD STYLE="padding-right: 9px; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">1,394</TD>
    <TD STYLE="text-align: right">(346)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">825</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of special items <SUP>(a)</SUP></TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">2,429</TD>
    <TD STYLE="text-align: right">122</TD>
    <TD STYLE="padding-right: 9px; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">3,254</TD>
    <TD STYLE="text-align: right">230</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">1,307</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Adjusted operating profit (loss)</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">(434)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">2,279</TD>
    <TD STYLE="color: #CC3300; font-weight: bold; font-style: italic; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">873</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; text-align: right">4,633</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(81)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Breakdown by segment:</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">1,037</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Exploration &amp; Production</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">(807)</TD>
    <TD STYLE="font-style: italic; text-align: right">2,140</TD>
    <TD STYLE="font-style: italic; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">230</TD>
    <TD STYLE="font-style: italic; text-align: right">4,448</TD>
    <TD STYLE="font-style: italic; text-align: right">(95)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">431</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Gas &amp; Power</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">218</TD>
    <TD STYLE="font-style: italic; text-align: right">43</TD>
    <TD STYLE="font-style: italic; text-align: right">407</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">649</TD>
    <TD STYLE="font-style: italic; text-align: right">378</TD>
    <TD STYLE="font-style: italic; text-align: right">72</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">16</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Refining &amp; Marketing and Chemicals</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">73</TD>
    <TD STYLE="font-style: italic; text-align: right">51</TD>
    <TD STYLE="font-style: italic; text-align: right">43</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">89</TD>
    <TD STYLE="font-style: italic; text-align: right">33</TD>
    <TD STYLE="font-style: italic; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">(211)</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Corporate and other activities</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">(138)</TD>
    <TD STYLE="font-style: italic; text-align: right">(127)</TD>
    <TD STYLE="font-style: italic; text-align: right">(9)</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">(349)</TD>
    <TD STYLE="font-style: italic; text-align: right">(264)</TD>
    <TD STYLE="font-style: italic; text-align: right">(32)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black medium double; font-style: italic; text-align: right">34</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Impact of unrealized intragroup profit elimination and
other consolidation adjustments</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black medium double; font-style: italic; text-align: right">220</TD>
    <TD STYLE="border-bottom: Black medium double; font-style: italic; text-align: right">172</TD>
    <TD STYLE="border-bottom: Black medium double; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black medium double; font-style: italic; text-align: right">254</TD>
    <TD STYLE="border-bottom: Black medium double; font-style: italic; text-align: right">38</TD>
    <TD STYLE="border-bottom: Black medium double; font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,929)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">(4,406)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">424</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">(7,335)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,516</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,118</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(127)</TD>
    <TD STYLE="text-align: right">(52)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">991</TD>
    <TD STYLE="text-align: right">(244)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,870</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exclusion of special items <SUP>(a)</SUP></TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">3,819</TD>
    <TD STYLE="text-align: right">190</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">5,689</TD>
    <TD STYLE="text-align: right">282</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">59</TD>
    <TD STYLE="border-bottom: Black medium double; padding-left: 18px; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: left">Adjusted net profit (loss) attributable to Eni's shareholders&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(714)</TD>
    <TD STYLE="border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right; background-color: white">562</TD>
    <TD STYLE="border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(655)</TD>
    <TD STYLE="border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right; background-color: white">1,554</TD>
    <TD STYLE="border-bottom: Black medium double; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">..</TD></TR>
</TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">(a)&nbsp;For
further information see table &quot;Breakdown of special items&quot;.</FONT></P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">Adjusted results</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">In
                                         the second quarter of 2020, the Group reported an <B>adjusted operating loss</B> of &euro;434
                                         million, down by &euro;2.7 billion from the same period of 2019. Net of scenario effects
                                         of -&euro;2.6 billion and the negative impacts associated with COVID-19 of &euro;0.3
                                         billion<SUP>2</SUP>, the underlying performance was positive for &euro;0.2 billion, due
                                         to the drivers disclosed in the business segments review.</FONT></TD></TR>                                                                                                                                             <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt">In the first half of 2020,
the Group&rsquo;s <B>adjusted operating profit</B> of &euro;873 million was &euro;3.76 billion lower than the first half 2019.
Net of scenario effects of -&euro;3.6 billion and the negative impacts associated with COVID-19 of &euro;0.5 billion<SUP>2</SUP>,
the underlying performance was positive for &euro;0.3 billion.</FONT></TD></TR>                                                                               <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Adjusted net result</B>
was a loss of &euro;714 million and &euro;655 million in the second quarter and first half of 2020, respectively, due to a weaker
operating performance and to lower results at equity-accounted JVs and associates due to a deteriorated macroeconomic backdrop
as well as a significantly increased tax rate.</FONT></TD></TR>                                                               <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">The deteriorated scenario due
to COVID-19 has a negative and material impact on the Group's adjusted tax rate of the first half (see the reconciliation table
on page 21). The main driver was a sharply higher tax rate recorded in the E&amp;P segment. This was due to a reduced capacity
to recognize deferred taxes on the losses of the period, due to the projections of lower expected taxable income against which
offset the deferred tax assets, the higher share of pre-tax profit earned in E&amp;P countries with higher rates of taxes (such
as Egypt, the United Arab Emirates, Libya and Algeria) and to the higher incidence of non-taxable/non-recoverable expenses (costs
relating to the exploration phase of new licenses), as well as by a tax disoptimization relating to a non-deductible loss incurred
at the reselling of the gas entitlements of a Libyan partner, which increased due widening differentials between oil-linked prices
and spot prices in Europe. Furthermore, the Group&rsquo;s tax rate was affected by the fact that in the mid-downstream segments
the deferred tax assets accrued at losses of the period were determined at lower tax rate compared to the E&amp;P.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">Special items</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The breakdown of <B>special items of operating
profit</B> by segment (a net charge of &euro;2,429 million in the quarter and &euro;3,254 million in the first half) is the following:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4px"></TD>
    <TD STYLE="width: 19px; font-size: 10pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>E&amp;P: </B>net charges of &euro;1,586 million (&euro;1,908 million in the first half) related mainly to impairment losses recorded at oil and gas properties in production or under development (&euro;1,681 million in the first half of 2020, of which &euro;1.5 billion in the second quarter) following an impairment review of all oil&amp;gas CGUs, driven by a downward revision to management&rsquo;s expectations for crude oil prices in the long-term, which were reduced to 60 $/barrel and the associated curtailments of expenditures in the years 2020-2021 with the re-phasing of a number of projects, in order to preserve the cash generation. The main impairment losses were recorded at CGUs in Italy, the USA, Algeria, Turkmenistan and Congo. Other special items included: an allowance for doubtful accounts relating a barrel-denominated receivable to align its carrying value to current value (&euro;46 million and &euro;134 million in the quarter and in the first half of 2020, respectively), risk provisions (&euro;58 million and &euro;85 million in the quarter and in the first half of 2020, respectively);</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 8pt"><SUP>2</SUP>
They comprise a reduction in hydrocarbon production due to capex cut and lower global gas demand, lower offtakes at LNG supply
in Asia, lower production sale volumes in R&amp;M and Chemicals, higher allowances for doubtful accounts due to an expected deterioration
in the counterparty risk.</FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px; font-size: 10pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>G&amp;P</B>: net charges of &euro;36 million (&euro;259 million in the first half) included the accounting effect of certain fair-valued commodity derivatives lacking the formal criteria to be classified as hedges (&euro;26 million and &euro;210 million in the quarter and in the first half of 2020, respectively) and the reclassification to adjusted operating profit of the negative balance of &euro;56 million (negative of &euro;10 million in the first half) 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; 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;52 million in the first half and &euro;64 million in the quarter);</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px; font-size: 10pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>R&amp;M and Chemicals: </B>net charges of &euro;786 million (&euro;1,021 million in the first half) relating mainly to impairment losses at refineries (&euro;994 million, of which &euro;0.86 billion in the second quarter) driven by a reviewed outlook for refining margins due to lower expectation on products spreads and the appreciation of medium-sour crude oil compared to the light-sweet crude oil. Other special items relate to environmental charges (&euro;46 million and &euro;61 million in the second quarter and the first half of 2020, respectively), as well as the accounting effect of certain fair-valued commodity derivatives lacking the formal criteria to be classified as hedges or to be eligible for the own use exemption (gain of &euro;183 million and &euro;98 million in the quarter and in the first half of 2020, respectively).</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Special items of investments </B>in the
first half include: (i) charges of &euro;758 million relating to the V&aring;r Energi JV, driven by impairment losses recorded
at oil&amp;gas assets due to a revised oil price outlook. A special charge was also recorded in connection with accrued currency
translation differences at finance debt denominated in a currency other than the reporting currency for which the reimbursement
cash outflows are expected to be matched by highly probable cash inflows from the sale of production volumes, in the same currency
as the finance debt as part of a natural hedge relationship; (ii) a loss of &euro;296 million relating to non-current assets impairment
losses driven by a reviewed scenario of refining margins and the alignment of raw material and products inventories to their net
realizable values at period end at ADNOC Refining; (iii) charges of &euro;235 million relating to Saipem.</P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">Reported results</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c00000">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first half of 2020, the Group reported
a <B>net loss attributable to Eni&rsquo;s shareholders</B> of &euro;7,335 million compared to a net profit of &euro;1,516 million
reported in the same period of the previous year due to an operating loss of approximately &euro;3.8 billion. In addition to the
drivers described in the review of the Company&rsquo;s business segments, the operating performance was negatively affected by
the accounting of impairment losses of &euro;2.75 billion mainly taken at oil&amp;gas assets and refineries, driven by the revision
of the scenario for Brent prices and margins and by the impact of falling oil and product prices on inventories evaluation, which
were aligned to their net realizable values at period end (resulting in an operating charge of &euro;1.4 billion). The Group incurred
losses of &euro;1,379 million at joint ventures and other industrial investments which were negatively affected by the same market
and industrial trends as operated activities, as well as the impact of USD appreciation against all major currencies leading to
the incurrence of exchange rate expenses, in addition to impairment losses of tangible assets and inventories valuation allowance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Finally, the net result was negatively affected
by the recognition of tax charges due to a write-off of deferred tax assets driven by projections of lower future taxable income
(&euro;0.8 billion).</P>

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

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000">Net borrowings and cash flow from operations</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000"></P>


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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; text-align: center">IIQ&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; text-align: center">IH&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: black 1pt solid; text-align: right; width: 6%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center; width: 57%">(&euro; million)&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">Change</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">Change</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,927)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net profit (loss)</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">(4,405)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">425</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(4,830)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">(7,332)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">1,520</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(8,852)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Adjustments to reconcile net profit (loss) to net cash provided by operating activities:&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">3,335</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- depreciation, depletion and amortization and other non monetary items</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">4,970</TD>
    <TD STYLE="text-align: right">2,330</TD>
    <TD STYLE="text-align: right">2,640</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">8,305</TD>
    <TD STYLE="text-align: right">4,284</TD>
    <TD STYLE="text-align: right">4,021</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- net gains on disposal of assets</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(26)</TD>
    <TD STYLE="text-align: right">22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">721</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- dividends, interests and taxes</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">1,245</TD>
    <TD STYLE="text-align: right">1,701</TD>
    <TD STYLE="text-align: right">(456)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">1,966</TD>
    <TD STYLE="text-align: right">3,183</TD>
    <TD STYLE="text-align: right">(1,217)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">685</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Changes in working capital related to operations</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">3</TD>
    <TD STYLE="text-align: right">1,056</TD>
    <TD STYLE="text-align: right">(1,053)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">688</TD>
    <TD STYLE="text-align: right">(534)</TD>
    <TD STYLE="text-align: right">1,222</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">156</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Dividends received by equity investments</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">172</TD>
    <TD STYLE="text-align: right">625</TD>
    <TD STYLE="text-align: right">(453)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">328</TD>
    <TD STYLE="text-align: right">1,155</TD>
    <TD STYLE="text-align: right">(827)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(738)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Taxes paid</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(334)</TD>
    <TD STYLE="text-align: right">(1,363)</TD>
    <TD STYLE="text-align: right">1,029</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1,072)</TD>
    <TD STYLE="text-align: right">(2,516)</TD>
    <TD STYLE="text-align: right">1,444</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(254)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Interests (paid) received</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(247)</TD>
    <TD STYLE="text-align: right">(238)</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(501)</TD>
    <TD STYLE="text-align: right">(454)</TD>
    <TD STYLE="text-align: right">(47)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">975</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net cash provided by operating activities</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,403</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,515</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(3,112)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,378</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">6,612</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(4,234)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(1,590)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Capital expenditure</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(978)</TD>
    <TD STYLE="text-align: right">(1,997)</TD>
    <TD STYLE="text-align: right">1,019</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(2,568)</TD>
    <TD STYLE="text-align: right">(4,236)</TD>
    <TD STYLE="text-align: right">1,668</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(222)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Investments</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(42)</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(264)</TD>
    <TD STYLE="text-align: right">(51)</TD>
    <TD STYLE="text-align: right">(213)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Disposal of consolidated subsidiaries, businesses, tangible and intangible assets and investments</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">13</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">21</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="text-align: right">(17)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(93)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Other cash flow related to capital expenditure, investments and disposals</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(300)</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">(273)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(393)</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD STYLE="text-align: right">(434)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(922)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Free cash flow</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">96</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">2,502</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">(2,406)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; text-align: right">(826)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">2,404</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">(3,230)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(735)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Borrowings (repayment) of debt related to financing activities</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">1,198</TD>
    <TD STYLE="text-align: right">(57)</TD>
    <TD STYLE="text-align: right">1,255</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">463</TD>
    <TD STYLE="text-align: right">(122)</TD>
    <TD STYLE="text-align: right">585</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(452)</TD>
    <TD STYLE="padding-left: 18px; text-align: left; background-color: white">Changes in short and long-term financial debt</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">3,359</TD>
    <TD STYLE="text-align: right">(453)</TD>
    <TD STYLE="text-align: right">3,812</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">2,907</TD>
    <TD STYLE="text-align: right">(663)</TD>
    <TD STYLE="text-align: right">3,570</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(249)</TD>
    <TD STYLE="padding-left: 18px; text-align: left; background-color: white">Repayment of lease liabilities</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(213)</TD>
    <TD STYLE="text-align: right">(167)</TD>
    <TD STYLE="text-align: right">(46)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(462)</TD>
    <TD STYLE="text-align: right">(397)</TD>
    <TD STYLE="text-align: right">(65)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Dividends paid and changes in non-controlling interests and reserves</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1,537)</TD>
    <TD STYLE="text-align: right">(1,525)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1,537)</TD>
    <TD STYLE="text-align: right">(1,525)</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Effect of changes in consolidation, exchange differences and cash and cash equivalent&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(17)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(12)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">(14)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(2,353)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: left">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENT</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,886</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">294</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,592</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">533</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(301)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">834</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,953</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: left">Adjusted net cash before changes in working capital at replacement cost&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,305</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,385</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(2,080)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,258</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">6,800</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(3,542)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; text-align: center">(&euro; million)&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">Change</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">Change</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">(922)</TD>
    <TD STYLE="padding-left: 18px; color: #CC0000; font-weight: bold; text-align: left">Free cash flow</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; text-align: right">96</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">2,502</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">(2,406)</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; text-align: right">(826)</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">2,404</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">(3,230)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(249)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Repayment of lease liabilities</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(213)</TD>
    <TD STYLE="text-align: right">(167)</TD>
    <TD STYLE="text-align: right">(46)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(462)</TD>
    <TD STYLE="text-align: right">(397)</TD>
    <TD STYLE="text-align: right">(65)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(66)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net borrowings of acquired companies</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(67)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(67)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(206)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exchange differences on net borrowings and other changes</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">246</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">247</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">40</TD>
    <TD STYLE="text-align: right">(62)</TD>
    <TD STYLE="text-align: right">102</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Dividends paid and changes in non-controlling interest and reserves</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1,537)</TD>
    <TD STYLE="text-align: right">(1,525)</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(1,537)</TD>
    <TD STYLE="text-align: right">(1,525)</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(1,443)</TD>
    <TD STYLE="padding-left: 18px; color: #CC0000; font-weight: bold; text-align: left">CHANGE IN NET BORROWINGS BEFORE LEASE LIABILITIES</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; text-align: right">(1,409)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">809</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">(2,218)</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; text-align: right">(2,852)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">420</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">(3,272)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">IFRS 16 first application effect</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(5,759)</TD>
    <TD STYLE="text-align: right">5,759</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">249</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Repayment of lease liabilities</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">213</TD>
    <TD STYLE="text-align: right">167</TD>
    <TD STYLE="text-align: right">46</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">462</TD>
    <TD STYLE="text-align: right">397</TD>
    <TD STYLE="text-align: right">65</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(362)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">New leases subscription of the period and other changes</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(94)</TD>
    <TD STYLE="text-align: right">(58)</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); text-align: right">(456)</TD>
    <TD STYLE="text-align: right">(360)</TD>
    <TD STYLE="text-align: right">(96)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(113)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Change in lease liabilities</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; text-align: right">119</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">96</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">23</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; text-align: right">6</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(5,722)</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">5,728</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">(1,556)</TD>
    <TD STYLE="padding-left: 18px; color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: left">CHANGE IN NET BORROWINGS AFTER LEASE LIABILITIES</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">(1,290)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">905</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">(2,195)</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">(2,846)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">(5,302)</TD>
    <TD STYLE="color: #CC0000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">2,456</TD></TR>
</TABLE>
<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Net cash provided by operating activities</B>
in the first half of 2020 was &euro;2,378 million (&euro;1,403 million in the second quarter), 64% lower than the same period of
the previous year due to a deteriorated scenario and the circumstance that the 2019 amount included higher dividends paid by the
JV V&aring;r Energi (&euro;1,047 million in the first half of 2019 vs. &euro;190 million in the first half of 2020).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Changes in working capital in the first
half of 2020 were positive for &euro;688 million and reflected a lower amount of trade receivables due in subsequent reporting
periods divested to financing institutions compared to the fourth quarter 2019 (-&euro;0.8 billion) as well as a reduction in the
book value of inventories due to the alignment to their net realizable values at period-end.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Adjusted net cash before changes in working
capital at replacement cost</B> was &euro;3,258 million (&euro;1,305 million in the quarter) declining by 52% from the same period
of the previous year due to scenario effects of -&euro;3.5 billion, including the impact of dividends from equity accounted entities,
operational impacts associated with the COVID-19 for -&euro;0.6 billion, a non-cash change in fair valued derivatives for -&euro;0.3
billion, while the underlying performance was a positive of &euro;0.8 billion.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Group cash tax rate was 34% (32% in the
first half of 2019).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Cash outflows for capital expenditure
and investments</B> were &euro;2,832 million, including the acquisition of the Evolvere company and an interest in Falck Renewables.
Net of the above-mentioned non-organic items and of utilization of trade advances cashed by Egyptian partners in previous reporting
periods in relation to the financing of the Zohr project (&euro;0.2 billion), net capital expenditures amounted to &euro;2.86 billion.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first half of 2020 net capex were
fully funded by the adjusted cash flow, thanks also to a 24% cut implemented by management following a review of the industrial
plan 2020-2021 in response to the pandemic crisis.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #c00000">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #c10000">Summarized Group Balance Sheet</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 67%">(&euro; million)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; background-color: #F2F2F2; width: 14%">Jun. 30, 2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; width: 12%">Dec. 31, 2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: center; width: 7%">Change</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Fixed assets</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Property,&nbsp;&nbsp;plant and equipment&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">58,627</TD>
    <TD STYLE="text-align: right; background-color: white">62,192</TD>
    <TD STYLE="text-align: right">(3,565)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Right of use</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">5,285</TD>
    <TD STYLE="text-align: right; background-color: white">5,349</TD>
    <TD STYLE="text-align: right">(64)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Intangible assets</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">3,086</TD>
    <TD STYLE="text-align: right; background-color: white">3,059</TD>
    <TD STYLE="text-align: right">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Inventories - Compulsory stock</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">892</TD>
    <TD STYLE="text-align: right; background-color: white">1,371</TD>
    <TD STYLE="text-align: right">(479)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Equity-accounted investments and other investments</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">8,320</TD>
    <TD STYLE="text-align: right; background-color: white">9,964</TD>
    <TD STYLE="text-align: right">(1,644)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Receivables and securities held for operating purposes</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">1,289</TD>
    <TD STYLE="text-align: right; background-color: white">1,234</TD>
    <TD STYLE="text-align: right">55</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Net payables related to capital expenditure</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: #F2F2F2">(1,866)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; background-color: white">(2,235)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">369</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">75,633</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">80,934</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(5,301)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net working capital</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Inventories</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">4,158</TD>
    <TD STYLE="text-align: right; background-color: white">4,734</TD>
    <TD STYLE="text-align: right">(576)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Trade receivables</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">6,553</TD>
    <TD STYLE="text-align: right; background-color: white">8,519</TD>
    <TD STYLE="text-align: right">(1,966)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Trade payables</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(7,943)</TD>
    <TD STYLE="text-align: right; background-color: white">(10,480)</TD>
    <TD STYLE="text-align: right">2,537</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Net tax assets (liabilities)</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(2,990)</TD>
    <TD STYLE="text-align: right; background-color: white">(1,594)</TD>
    <TD STYLE="text-align: right">(1,396)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Provisions</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(13,738)</TD>
    <TD STYLE="text-align: right; background-color: white">(14,106)</TD>
    <TD STYLE="text-align: right">368</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Other current assets and liabilities</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right; background-color: #F2F2F2">(1,729)</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right; background-color: white">(1,864)</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">135</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">(15,689)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">(14,791)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(898)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Provisions for employee post-retirements benefits</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">(1,152)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">(1,136)</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(16)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Assets held for sale including related liabilities</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">18</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">18</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">CAPITAL EMPLOYED, NET</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: #F2F2F2">58,810</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">65,025</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(6,215)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Eni's shareholders equity</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">38,767</TD>
    <TD STYLE="text-align: right; background-color: white">47,839</TD>
    <TD STYLE="text-align: right">(9,072)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Non-controlling interest</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">72</TD>
    <TD STYLE="text-align: right; background-color: white">61</TD>
    <TD STYLE="text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Shareholders' equity</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">38,839</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">47,900</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(9,061)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net borrowings before lease liabilities ex IFRS 16</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">14,329</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">11,477</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,852</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Lease liabilities</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">5,642</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">5,648</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(6)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">- of which Eni working interest</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">3,766</TD>
    <TD STYLE="text-align: right">3,672</TD>
    <TD STYLE="text-align: right">94</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">- of which Joint operators' working interest</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">1,876</TD>
    <TD STYLE="text-align: right">1,976</TD>
    <TD STYLE="text-align: right">(100)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net borrowings after lease liabilities ex IFRS 16</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">19,971</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: white">17,125</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">2,846</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: #F2F2F2">58,810</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">65,025</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(6,215)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Leverage before lease liabilities ex IFRS 16</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #F2F2F2">0.37</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">0.24</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">0.13</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left">Leverage after lease liabilities ex IFRS 16</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: #F2F2F2">0.51</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">0.36</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">0.15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: left">Gearing</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: right; background-color: #F2F2F2">0.34</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: right; background-color: white">0.26</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 2pt double; text-align: right; background-color: white">0.08</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"></FONT></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px; font-size: 10pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">As of June 30, 2020, <B>fixed assets</B> decreased by &euro;5,301 million mainly due to (i) the impairment losses and amortization and depletion of assets, partly offset by capex incurred in the period; (ii) the reduced item &ldquo;Equity accounted investments and other investments&rdquo; driven by losses incurred at equity-accounted entities (V&aring;r Energi and ADNOC Refining); (iii) the write-down of compulsory stock following a decline in crude oil and product prices.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Net working capital</B> (-&euro;15,689 million) decreased by &euro;898 million mainly driven by the lower value of oil and products inventories due to the alignment of the book value to market prices at the period-end (-&euro;576 million), the write-off of deferred tax assets due to the deteriorated profitability outlook, as well as lower trade receivables, partly offset by lower trade liabilities (-&euro;2,537 million) due to price effects.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Shareholders&rsquo; equity</B> (&euro;38,839 million) decreased by &euro;9,061 million compared to December 31, 2019 mainly due to the net loss for the period (-&euro;7,332 million), 2019 final dividend distribution (&euro;1,536 million), as well as a negative change in the fair value of the cash flow hedge reserve (-&euro;123 million) and foreign currency translation differences (-&euro;164 million) reflecting the depreciation of the dollar vs. the euro as of June 30, 2020 vs. December 31, 2019.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Net borrowings</B><FONT STYLE="font-style: normal; font-weight: normal"><SUP>3
    </SUP></FONT>as of June 30, 2020 were &euro;19,971 million increasing by &euro;2,846 million from 2019. When excluding the
    lease liabilities, net borrowings were re-determined at &euro;14,329 million increasing by &euro;2,852 million.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px">&nbsp;</TD>
    <TD STYLE="width: 19px"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: #C00000">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Leverage</B><SUP>4</SUP> &ndash; the ratio of the borrowings
    to total equity - was 0.51 at June 30, 2020, due to the increased net borrowings. The impact of the lease liability pertaining
    to joint operators in Eni-led upstream unincorporated joint ventures weighted on leverage for 5 points. Excluding the impact
    of IFRS 16 altogether, leverage would be 0.37.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 8pt"><SUP>3</SUP> Details on net borrowings
are furnished on page 26.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="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 18 and subsequent.</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"></P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.2pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="color: #c00000; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>Other
information, basis of presentation and disclaimer</I></FONT></P>

<P STYLE="color: #c00000; font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">This press
release on Eni&rsquo;s results of the second quarter and the first half of 2020 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. Results and cash
flow are presented for the first and second quarter of 2020, the first half of 2020 and for the second quarter and the first half
of 2019. Information on the Company&rsquo;s financial position relates to end of the periods as of June 30, 2020 and December
31, 2019.</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 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.</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">These criteria are unchanged
from the 2019 Annual Report on Form 20-F filed with the US SEC on April 2, 2020, which investors are urged to read.</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Re-organization
of trading oil activities</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Effective
January 1, 2020 with a view to improving integration across businesses in the oil supply chain aiming at minimizing the commodity
risk exposure and optimizing the value of equity production and internal processing needs, the Company has reorganized the activity
of trading oil, the scope of which includes enhancement and optimization of the oil commodity portfolio, supplies of crudes and
products for our refining system and hedging any internal imbalances through purchases/sales at the open market. As result of
this, organizational and profit responsibilities relating trading oil activities have been transferred to the Refining &amp; Marketing
business, whereas previously they were part of the Gas &amp; Power segment. As provided by international reporting standards regulating
the topic of segmental information, in case of major reorganization of the reporting segments the comparative periods are to be
restated to allow comparability. Below it is provided the restated segmental information of the operating segments involved by
the above described reorganization, both reported and adjusted.</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">As published</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2pt double; width: 55%">(&euro; million)</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">G&amp;P</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">R&amp;M and <BR>
Chemicals</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: center; background-color: #F2F2F2; width: 15%">Group</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">First quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">14,008</TD>
    <TD STYLE="text-align: center">5,391</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">18,540</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">358</TD>
    <TD STYLE="text-align: center">278</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,518</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">372</TD>
    <TD STYLE="text-align: center">(55)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,354</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Second quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">13,153</TD>
    <TD STYLE="text-align: center">6,140</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">18,440</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">95</TD>
    <TD STYLE="text-align: center">(52)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,231</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">46</TD>
    <TD STYLE="text-align: center">48</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,279</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Third quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">11,485</TD>
    <TD STYLE="text-align: center">6,110</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">16,686</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">(24)</TD>
    <TD STYLE="text-align: center">(68)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">1,861</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">93</TD>
    <TD STYLE="text-align: center">145</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,159</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Fourth quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">11,369</TD>
    <TD STYLE="text-align: center">5,693</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">16,215</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">270</TD>
    <TD STYLE="text-align: center">(1,012)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">(178)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">143</TD>
    <TD STYLE="text-align: center">(186)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">1,805</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Full year 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">50,015</TD>
    <TD STYLE="text-align: center">23,334</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">69,881</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">699</TD>
    <TD STYLE="text-align: center">(854)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">6,432</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">654</TD>
    <TD STYLE="text-align: center">(48)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">8,597</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Identifiable assets</TD>
    <TD STYLE="text-align: center">9,176</TD>
    <TD STYLE="text-align: center">12,336</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">91,795</TD></TR>
</TABLE>
<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">As restated</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2pt double; width: 55%">(&euro; million)</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">G&amp;P</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: center; width: 15%">R&amp;M and <BR>
Chemicals</TD>
    <TD STYLE="border-bottom: Black 2pt double; font-weight: bold; vertical-align: middle; text-align: center; background-color: #F2F2F2; width: 15%">Group</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">First quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">6,518</TD>
    <TD STYLE="text-align: center">9,771</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">18,540</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">208</TD>
    <TD STYLE="text-align: center">428</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,518</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">335</TD>
    <TD STYLE="text-align: center">(18)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,354</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Second quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">4,007</TD>
    <TD STYLE="text-align: center">11,908</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">18,440</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">139</TD>
    <TD STYLE="text-align: center">(96)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,231</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">43</TD>
    <TD STYLE="text-align: center">51</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,279</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Third quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">3,383</TD>
    <TD STYLE="text-align: center">10,962</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">16,686</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">(84)</TD>
    <TD STYLE="text-align: center">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">1,861</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">89</TD>
    <TD STYLE="text-align: center">149</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">2,159</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Fourth quarter 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">4,121</TD>
    <TD STYLE="text-align: center">9,719</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">16,215</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">264</TD>
    <TD STYLE="text-align: center">(1,006)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">(178)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">118</TD>
    <TD STYLE="text-align: center">(161)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">1,805</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Full year 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Sales from operations</TD>
    <TD STYLE="text-align: center">18,029</TD>
    <TD STYLE="text-align: center">42,360</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">69,881</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Operating profit (loss)&nbsp;</TD>
    <TD STYLE="text-align: center">527</TD>
    <TD STYLE="text-align: center">(682)</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">6,432</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Adjusted operating profit (loss)</TD>
    <TD STYLE="text-align: center">585</TD>
    <TD STYLE="text-align: center">21</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">8,597</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>Identifiable assets</TD>
    <TD STYLE="text-align: center">7,943</TD>
    <TD STYLE="text-align: center">13,569</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: #F2F2F2">91,795</TD></TR>
</TABLE>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 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: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 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: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Eni's
Board of Directors, upon proposal of the CEO, in agreement with the Chairwoman, also appointed, following the favourable opinion
of the Board of Statutory Auditors and the consultation with the Nomination Committee,</I></FONT><I> <FONT STYLE="font-size: 10pt">from
August 1st, 2020, Francesco Esposito as Officer in charge of preparing Company's financial reports pursuant to art. 154-bis of
legislative decree no.58/1998.</FONT></I></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>The
biography of the Officer in charge of preparing the Company's financial reports will be available on </I></FONT><I><FONT STYLE="font-size: 10pt">www.eni.com.</FONT></I></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Disclaimer</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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, share repurchases,
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 impact of the pandemic disease, 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: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Company Contacts</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Press
Office: </B></FONT><FONT STYLE="font-size: 10pt">Tel. +39.0252031875 - +39.0659822030</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Freephone
for shareholders (from Italy): </B></FONT><FONT STYLE="font-size: 10pt">800940924</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Freephone
for shareholders (from abroad): </B></FONT><FONT STYLE="font-size: 10pt">+80011223456</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Switchboard:
</B></FONT><FONT STYLE="font-size: 10pt">+39-0659821</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>ufficio.stampa@eni.com</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>segreteriasocietaria.azionisti@eni.com</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>investor.relations@eni.com</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>website:
</B></FONT><B><FONT STYLE="font-size: 10pt"><U>www.eni.com</U></FONT></B></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">* * *</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Eni</B></FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Societ&agrave;
per Azioni, Rome, Piazzale Enrico Mattei, 1</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Share capital: &euro;4,005,358,876
fully paid.</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Tax identification number 00484960588</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Tel.: +39 0659821 - Fax: +39
0659822141</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">This press
release for the second quarter and the first half of 2020 (unaudited) is also available on Eni&rsquo;s website eni.com.</FONT></P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red">&nbsp;</P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red"></P>

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<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red">&nbsp;</P>

<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 7.5pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 70%; background-color: rgb(255,212,101); padding: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Alternative
                           performance indicators (Non-GAAP measures)</B></FONT></TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
</TR></TABLE>
<P STYLE="font: 7.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Management
evaluates underlying business performance on the basis of Non-GAAP financial measures, which are not provided by IFRS (&ldquo;Alternative
performance measures&rdquo;), such as adjusted operating profit, adjusted net profit, which are arrived at by excluding from reported
results certain gains and losses, defined special items, which include, among others, asset impairments, including impairments
of deferred tax assets, gains on disposals, risk provisions, restructuring charges, the accounting effect of fair-valued derivatives
used to hedge exposure to the commodity, exchange rate and interest rate risks, which lack the formal criteria to be accounted
as hedges, and analogously evaluation effects of assets and liabilities utilized in a relation of natural hedge of the above mentioned
market risks. Furthermore, in determining the business segments&rsquo; adjusted results, finance charges on finance debt and interest
income are excluded (see below). In determining adjusted results, 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.</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Finally,
the same special charges/gains are excluded from the Eni&rsquo;s share of results at JVs and other equity accounted entities,
including any profit/loss on inventory holding.</FONT></P>

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

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

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

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

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 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. 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 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 derivative market. Finally, special items include the
accounting effects of fair-valued commodity derivatives relating to commercial exposures, in addition to those which lack the
criteria to be designed as hedges, also those which are not eligible for the own use exemption, including the ineffective
portion of cash flow hedges, as well as the accounting effects of commodity and exchange rates derivatives whenever it is
deemed that the underlying transaction is expected to occur in future reporting periods.</FONT></P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Correspondently,
special charges/gains also include the evaluation effects relating to assets/liabilities utilized in a natural hedge relation
to offset a market risk, as in the case of accrued currency differences at finance debt denominated in a currency other than the
reporting currency, where the cash outflows for the reimbursement are matched by highly probable cash inflows in the same currency.
The deferral of both the unrealized portion of fair-valued commodity and other derivatives and evaluation effects are reversed
to future reporting periods when the underlying transaction occurs.</FONT></P>

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

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

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

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

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

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

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

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

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

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 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. 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: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 40%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&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: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&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: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Second Quarter 2020</B></P></TD>
    <TD 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"><B>Exploration &amp;<BR>
 Production</B></FONT></TD>
    <TD 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"><B>Gas &amp;<BR>
 Power </B></FONT></TD>
    <TD 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"><B>Refining &amp;<BR>
 Marketing and<BR>
 Chemicals</B></FONT></TD>
    <TD 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"><B>Corporate<BR>
 and other activities</B></FONT></TD>
    <TD 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"><B>Impact of<BR>
 unrealized<BR>
intragroup<BR>
 profit<BR>
elimination</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B></B></P></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; 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="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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>(2,393)</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>182</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>(392)</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>(159)</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>82</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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>(2,680)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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">(321)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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">138</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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">(183)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><FONT STYLE="font-size: 10pt">environmental charges</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">46</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">47</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">1,484</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">917</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">2,408</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(2)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">58</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">61</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">5</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">16</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><FONT STYLE="font-size: 10pt">commodity derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">26</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(183)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(157)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">1</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(56)</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(62)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">37</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">65</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">11</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">118</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><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>1,586</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>36</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>786</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>21</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">&nbsp;</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">&nbsp;</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>2,429</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; 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="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>(807)</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>218</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>73</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>(138)</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>220</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>(434)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net finance (expense) income &#8317;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#7491;</FONT>&#8318;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(54)</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">1</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(68)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net income (expense) from investments &#8317;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#7491;</FONT>&#8318;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">102</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(4)</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; text-align: right"><FONT STYLE="font-size: 10pt">(44)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">35</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Income taxes &#8317;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#7491;</FONT>&#8318;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(26)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(99)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">25</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(90)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(56)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(246)</FONT></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted net 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>(785)</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>114</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>80</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>(286)</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>164</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">&nbsp;</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>(713)</B></FONT></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; 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 STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>(714)</B></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>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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>(4,406)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(127)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Exclusion of special items</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">3,819</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; 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 STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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>(714)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 8pt">(a)
    Excluding special items.</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 40%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">(&euro;
    million)</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&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: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 13%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&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: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 10%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 1%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; white-space: nowrap; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Second Quarter 2019</B></FONT></TD>
    <TD 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"><B>Exploration &amp; <BR>
Production</B></FONT></TD>
    <TD 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"><B>Gas &amp; <BR>
Power </B></FONT></TD>
    <TD 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"><B>Refining &amp; <BR>
Marketing and <BR>
Chemicals</B></FONT></TD>
    <TD 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"><B>Corporate <BR>
and other activities</B></FONT></TD>
    <TD 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"><B>Impact of <BR>
unrealized<BR>
intragroup <BR>
profit<BR>
elimination</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; 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="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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>2,136</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>139</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>(96)</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>(152)</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>204</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>2,231</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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">(42)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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">(32)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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">(74)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><FONT STYLE="font-size: 10pt">environmental charges</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">45</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">36</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">10</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">270</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">280</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">(17)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(18)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">(12)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">20</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">6</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">2</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">3</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">(1)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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 STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><FONT STYLE="font-size: 10pt">commodity derivatives</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(139)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">53</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(86)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">5</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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 24pt"><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">16</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">(196)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">37</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(108)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><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>4</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>(96)</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>189</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>25</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">&nbsp;</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">&nbsp;</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>122</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; 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="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: #CC0000"><B>2,140</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>43</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>51</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>(127)</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>172</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>2,279</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net finance (expense) income &#8317;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#7491;</FONT>&#8318;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(79)</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">(5)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(188)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(273)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Net income (expense) from investments &#8317;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#7491;</FONT>&#8318;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">86</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; text-align: right"><FONT STYLE="font-size: 10pt">(14)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">8</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">74</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Income taxes &#8317;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#7491;</FONT>&#8318;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(1,415)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(10)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt">(29)</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">(58)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(1,517)</FONT></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: #C00000"><B>Adjusted net 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>732</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>26</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>3</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>(312)</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>114</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">&nbsp;</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>563</B></FONT></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; 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 STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>562</B></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>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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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>424</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><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">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">(52)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Exclusion of special items</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</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">190</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; 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 STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</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>562</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 8pt">(a)
    Excluding special items.</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt 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; font-weight: bold; padding-left: 5.4pt; width: 40%"><FONT STYLE="font-size: 8pt; font-style: normal; font-weight: normal">(&euro;
    million)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 13%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 13%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt; width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: left; padding-right: 5.4pt; font-weight: bold; padding-left: 5.4pt; vertical-align: top">First Half 2020</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt">Exploration &amp;<BR>
 Production</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt">Gas &amp;<BR>
 Power</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt">Refining &amp;<BR>
 Marketing<BR>
 and Chemicals</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt">Corporate<BR>
 and other<BR>
 activities</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt">Impact of<BR>
 unrealized<BR>
intragroup<BR>
profit<BR>
 elimination</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">GROUP</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Reported operating profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(1,678)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">390</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(2,302)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(415)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">230</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(3,775)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1,370</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">24</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,394</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Exclusion of special items:</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">environmental charges</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">61</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">62</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">impairment losses (impairment reversals), net&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1,681</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">2</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1,056</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">10</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">2,749</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">net gains on disposal of assets</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(3)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(2)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(4)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">risk provisions</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">85</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">2</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">87</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">provision for redundancy incentives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">10</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">2</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">5</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">21</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">commodity derivatives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">210</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(98)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">112</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">exchange rate differences and derivatives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(10)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(14)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(24)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">other</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">130</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">55</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">14</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">35</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">234</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt; border-bottom: Black 1pt solid">Special items of operating profit (loss)</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">1,908</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">259</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">1,021</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">66</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt; border-bottom: Black 1pt solid">3,254</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted operating profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">230</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">649</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">89</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(349)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">254</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">873</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Net finance (expense) income <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(169)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(1)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(7)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(351)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(528)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Net income (expense) from investments <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">43</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(5)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(29)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(47)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(38)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Income taxes <SUP>(a)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(677)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(212)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(37)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">32</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(65)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(959)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: left; padding-left: 5.4pt">Tax rate (%)</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">312.4</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted net profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(573)</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">431</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">16</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(715)</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">189</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(652)</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; vertical-align: bottom; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">of which:</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-weight: bold; vertical-align: middle; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">- Adjusted net profit (loss) of non-controlling interest</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">- Adjusted net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(655)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Reported net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: #D9D9D9; padding-left: 5.4pt">(7,335)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: #D9D9D9; padding-left: 5.4pt">991</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of special items</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">5,689</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(655)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; text-align: justify; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">(a) Excluding
    special items.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; width: 40%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt; font-style: normal; font-weight: normal">(&euro;
    million)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 13%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 13%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 10%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 1%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 7%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; text-align: left; font-weight: bold; vertical-align: top; padding-left: 5.4pt">First Half 2019</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Exploration &amp;<BR>
 Production</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Gas &amp;<BR>
 Power</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Refining &amp;<BR>
 Marketing<BR>
 and Chemicals</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Corporate<BR>
 and other<BR>
 activities</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Impact of<BR>
 unrealized<BR>
intragroup<BR>
profit<BR>
 elimination</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">GROUP</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Reported operating profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">4,425</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">347</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">332</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(295)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(60)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">4,749</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(444)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">98</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(346)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Exclusion of special items:</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">environmental charges</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">85</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(9)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">76</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">impairment losses (impairment reversals), net&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">22</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">287</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">2</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">311</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">net gains on disposal of assets</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(20)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(3)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(23)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">risk provisions</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(12)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">20</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(2)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">provision for redundancy incentives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">3</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">3</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">2</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">commodity derivatives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(157)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(54)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(211)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">exchange rate differences and derivatives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">6</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">48</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(7)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">other</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">24</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">137</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(184)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">38</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt; border-bottom: Black 1pt solid">Special items of operating profit (loss)</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">23</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">31</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">145</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">31</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt; border-bottom: Black 1pt solid">230</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted operating profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">4,448</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">378</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">33</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(264)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">38</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">4,633</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Net finance (expense) income <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(203)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(12)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(331)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(545)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Net income (expense) from investments <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">148</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">7</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">17</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">173</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Income taxes <SUP>(a)</SUP></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(2,590)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(115)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(40)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">63</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(21)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(2,703)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: left; padding-left: 5.4pt">Tax rate (%)</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; font-style: italic; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">63.4</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted net profit (loss)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">1,803</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">265</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(12)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(515)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">17</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,558</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; vertical-align: bottom; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">of which:</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; font-weight: bold; vertical-align: middle; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">- Adjusted net profit (loss) of non-controlling interest</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">- Adjusted net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,554</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Reported net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,516</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(244)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of special items</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #D9D9D9; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">282</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; vertical-align: bottom; padding-left: 5.4pt">Adjusted net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; vertical-align: middle; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,554</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; text-align: justify; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">(a) Excluding
    special items.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; font-weight: bold; text-align: right; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; width: 40%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt; font-style: normal; font-weight: normal">(&euro;
    million)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 13%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 13%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 8%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 10%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 1%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; width: 7%; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; text-align: left; font-weight: bold; vertical-align: top; padding-left: 5.4pt">First Quarter 2020</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Exploration &amp;<BR>
 Production</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Gas &amp;<BR>
 Power</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Refining &amp;<BR>
 Marketing<BR>
 and Chemicals</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Corporate<BR>
 and other<BR>
 activities</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">Impact of<BR>
 unrealized<BR>
intragroup<BR>
profit<BR>
 elimination</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; border-bottom: Black 1pt solid; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">GROUP</TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Reported operating profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">715</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">208</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(1,910)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(256)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">148</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(1,095)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1,691</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(114)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,577</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Exclusion of special items:</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">environmental charges</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">15</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">impairment losses (impairment reversals), net&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">197</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">139</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">4</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">341</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">net gains on disposal of assets</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">1</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(3)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(2)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">risk provisions</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">27</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(1)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">26</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">provision for redundancy incentives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">5</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">2</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">3</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">12</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">22</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">commodity derivatives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">184</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">85</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">269</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">exchange rate differences and derivatives</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(1)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">46</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(7)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">38</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 0.25in">other</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">93</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(10)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">3</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">30</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">116</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Special items of operating profit (loss)</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">322</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">223</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">235</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">45</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">825</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted operating profit (loss)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">1,037</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">431</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">16</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(211)</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">34</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,307</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Net finance (expense) income <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(115)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(8)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(337)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(460)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Net income (expense) from investments <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(59)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(1)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(10)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(3)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(73)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Income taxes <SUP>(a)</SUP></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(651)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(113)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(62)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">122</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">(9)</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">(713)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted net profit (loss)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">212</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">317</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(64)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">(429)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">25</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">61</TD></TR>
<TR>
    <TD STYLE="padding-right: 5.4pt; font-style: italic; vertical-align: bottom; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">of which:</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; vertical-align: bottom; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; font-weight: bold; vertical-align: middle; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">- Adjusted net profit (loss) of non-controlling interest</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">2</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">- Adjusted net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">59</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; color: #C00000; font-weight: bold; padding-left: 5.4pt">Reported net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: #D9D9D9; padding-left: 5.4pt">(2,929)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of inventory holding (gains) losses</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: #D9D9D9; padding-left: 5.4pt">1,118</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; text-align: left; padding-left: 5.4pt">Exclusion of special items</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">1,870</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; padding-left: 5.4pt">Adjusted net profit (loss) attributable to Eni's shareholders</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; color: #CC0000; font-weight: bold; text-align: right; background-color: #D9D9D9; padding-left: 5.4pt">59</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 5.4pt; text-align: justify; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">(a) Excluding
    special items.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; text-align: right; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"></FONT></P>

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 60%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2019</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Environmental charges</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">47</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">36</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">62</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">76</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">341</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Impairment losses (impairment reversals), net&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">2,408</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">280</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">2,749</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">311</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net gains on disposal of assets</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(2)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(18)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(4)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(23)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">26</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Risk provisions</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">61</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">6</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">87</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">6</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Provisions for redundancy incentives</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">16</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">3</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">38</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">269</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Commodity derivatives</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(157)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(86)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">112</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(211)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exchange rate differences and derivatives</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(62)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">9</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(24)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">47</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">116</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Other</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">118</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(108)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">234</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">15</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; text-align: right">825</TD>
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Special items of operating profit (loss)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; text-align: right">2,429</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; text-align: right">122</TD>
    <TD STYLE="border-top: Black 0.5pt solid; background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; text-align: right">3,254</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2.5pt double; text-align: right">230</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(52)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net finance (income) expense</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">50</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">43</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">7</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">of which:</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">(38)</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- exchange rate differences and derivatives reclassified to operating profit (loss)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">62</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(9)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">24</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(47)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #CC0000; font-weight: bold; text-align: right">817</TD>
    <TD STYLE="padding-left: 18px; color: #CC0000; font-weight: bold; text-align: left">Net income (expense) from investments</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #CC0000; font-weight: bold; text-align: right">524</TD>
    <TD STYLE="padding-right: 2pt; color: #CC0000; font-weight: bold; text-align: right">25</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #CC0000; font-weight: bold; text-align: right">1,341</TD>
    <TD STYLE="padding-right: 2pt; color: #CC0000; font-weight: bold; text-align: right">27</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">595</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- impairment/revaluation of equity investments</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">299</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">894</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">280</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Income taxes</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">816</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">1,096</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">18</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,870</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Total special items of net profit (loss)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,819</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">190</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,689</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">282</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></P>

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

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

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red"></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; font-size: 12pt">
    <TD STYLE="padding: 5.4pt; background-color: #FFD966; font-size: 12pt; width: 50%"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Analysis
    of Profit and Loss account items</B></FONT></TD>
    <TD STYLE="padding: 5.4pt; font-size: 12pt; width: 50%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">Sales
from operations</FONT></P>


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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 53%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">% Ch.</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">4,194</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exploration &amp; Production</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">2,557</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">5,850</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(56)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">6,751</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">11,524</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(41)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">4,437</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Gas &amp; Power</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">2,266</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">4,007</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(43)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">6,703</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">10,525</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(36)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">7,450</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Refining &amp; Marketing and Chemicals</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">4,698</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">11,908</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(61)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">12,148</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">21,679</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(44)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">6,805</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Refining &amp; Marketing</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">4,179</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">11,217</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(63)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">10,984</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">20,378</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(46)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">902</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Chemicals</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">653</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">1,104</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(41)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">1,555</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">2,141</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(27)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">(257)</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Consolidation adjustments</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">(134)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(413)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">(391)</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(840)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">385</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Corporate and other activities</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">369</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">399</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(8)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">754</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">766</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(2)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(2,593)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Consolidation adjustments</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(1,733)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(3,724)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(4,326)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(7,514)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">13,873</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">8,157</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">18,440</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(56)</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">22,030</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">36,980</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(40)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 11pt"><B></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9px; font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 53%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">% Ch.</TD>
    <TD STYLE="background-color: rgb(247,247,247); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9px; text-align: right">11,669</TD>
    <TD STYLE="padding-left: 9px; text-align: left">Purchases, services and other&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">5,517</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">13,375</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(59)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">17,186</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">26,791</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(36)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9px; text-align: right">72</TD>
    <TD STYLE="padding-left: 9px; text-align: left">Impairment losses (impairment reversals) of trade and other receivables, net</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">139</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">157</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(11)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">211</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">246</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(14)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9px; text-align: right">838</TD>
    <TD STYLE="padding-left: 9px; text-align: left">Payroll and related costs</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">704</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">779</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(10)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1,542</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1,553</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9px; font-style: italic; text-align: right">22</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">of which:&nbsp;&nbsp;&nbsp;provision for redundancy incentives and other</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">16</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">3</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">38</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">9</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 9px; color: #C00000; font-weight: bold; text-align: right">12,579</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">6,360</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">14,311</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(56)</TD>
    <TD STYLE="background-color: rgb(247,247,247); border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">18,939</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">28,590</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right">(34)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 9px; font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 53%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right; width: 6%">% Ch.</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 2pt; font-weight: bold; vertical-align: middle; text-align: right; width: 6%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,621</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Exploration &amp; Production&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">1,716</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1,711</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">0</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">3,337</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">3,314</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">81</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Gas &amp; Power&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">82</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">67</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">22</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">163</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">149</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">9</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">149</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Refining &amp; Marketing and Chemicals</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">149</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">152</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(2)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">298</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">305</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(2)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">129</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Refining &amp; Marketing</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">132</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">130</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">2</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">261</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">261</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">20</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">- Chemicals</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">17</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">22</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(23)</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-style: italic; text-align: right">37</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">44</TD>
    <TD STYLE="padding-right: 2pt; font-style: italic; text-align: right">(16)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">37</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Corporate and other activities</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">38</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">37</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">3</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">75</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">74</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">1</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Impact of unrealized intragroup profit elimination</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(8)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(8)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; text-align: right">(16)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(16)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">1,880</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Total depreciation, depletion and <BR>
amortization</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">1,977</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">1,959</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">3,857</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">3,826</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">1</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">341</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">Impairment losses (impairment reversals) of tangible and intangible and right of use assets, net</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">2,408</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">280</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">2,749</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">311</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,221</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Depreciation, depletion, amortization, impairments and reversals</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">4,385</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,239</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">96</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">6,606</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">4,137</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">60</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">118</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Write-off of tangible and intangible assets</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">229</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">138</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">66</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">347</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">178</TD>
    <TD STYLE="padding-right: 2pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">95</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,339</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">4,614</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,377</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">94</TD>
    <TD STYLE="background-color: rgb(247,247,247); padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">6,953</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">4,315</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">61</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt"></FONT></P>

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

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 50%"><FONT STYLE="font-size: 8pt">(&euro; million)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="padding-right: 2pt; white-space: nowrap; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: left; border-top-color: Black; border-top-width: 0.5pt">First Half 2020</TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">Exploration &amp;<BR>
Production</TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">Gas &amp; Power</TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">Refining &amp; <BR>
Marketing and<BR>
 Chemicals</TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">Corporate and<BR>
 other activities</TD>
    <TD STYLE="padding-right: 2pt; white-space: nowrap; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; background-color: #F2F2F2">Group</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Share of profit (loss) from equity-accounted investments</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(776)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(5)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(342)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(281)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">(1,404)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Dividends&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">55</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">17</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">72</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Other income (expense), net</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(30)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">(17)</TD>
    <TD STYLE="padding-right: 2pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">(47)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #CC0000; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(721)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(35)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(342)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(281)</TD>
    <TD STYLE="padding-right: 2pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; background-color: #F2F2F2">(1,379)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 12pt; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-size: 12pt">
    <TD STYLE="padding: 5.4pt; background-color: #FFD966; text-align: justify; font-size: 12pt; width: 100%"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Leverage
    and net borrowings</B></FONT></TD>
    </TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red"></P>

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

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; vertical-align: middle; text-align: right; width: 9%">&nbsp;Mar. 31, 2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 54%">(&euro; million)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right; background-color: #F2F2F2; width: 14%">Jun. 30, 2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; width: 14%">Dec. 31, 2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; width: 8%">Change</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">24,270</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">Total debt</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">27,388</TD>
    <TD STYLE="text-align: right">24,518</TD>
    <TD STYLE="text-align: right">2,870</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">4,572</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 9px; font-style: italic; text-align: left">&nbsp;-&nbsp;&nbsp;Short-term debt</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right; background-color: #F2F2F2">4,642</TD>
    <TD STYLE="font-style: italic; text-align: right">5,608</TD>
    <TD STYLE="font-style: italic; text-align: right">(966)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">19,698</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 9px; font-style: italic; text-align: left">&nbsp;-&nbsp;&nbsp;Long-term debt</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right; background-color: #F2F2F2">22,746</TD>
    <TD STYLE="font-style: italic; text-align: right">18,910</TD>
    <TD STYLE="font-style: italic; text-align: right">3,836</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(3,641)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">Cash and cash equivalents</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">(6,527)</TD>
    <TD STYLE="text-align: right">(5,994)</TD>
    <TD STYLE="text-align: right">(533)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(6,602)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">Securities held for trading&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">(6,042)</TD>
    <TD STYLE="text-align: right">(6,760)</TD>
    <TD STYLE="text-align: right">718</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(1,107)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">Financing receivables held for non-operating purposes</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">(490)</TD>
    <TD STYLE="text-align: right">(287)</TD>
    <TD STYLE="text-align: right">(203)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12,920</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net borrowings before lease liabilities ex IFRS 16</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right; background-color: #F2F2F2">14,329</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">11,477</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,852</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">5,761</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">Lease Liabilities&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">5,642</TD>
    <TD STYLE="text-align: right">5,648</TD>
    <TD STYLE="text-align: right">(6)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">3,802</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">- of which Eni working interest</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">3,766</TD>
    <TD STYLE="text-align: right">3,672</TD>
    <TD STYLE="text-align: right">94</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,959</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">- of which Joint operators' working interest</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">1,876</TD>
    <TD STYLE="text-align: right">1,976</TD>
    <TD STYLE="text-align: right">(100)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">18,681</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Net borrowings after lease liabilities ex IFRS 16</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">19,971</TD>
    <TD STYLE="border-top: Black 0.5pt solid; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">17,125</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,846</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: right">45,385</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">Shareholders' equity including non-controlling interest</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">38,839</TD>
    <TD STYLE="font-weight: bold; text-align: right">47,900</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,061)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">0.28</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Leverage before lease liability ex IFRS 16</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">0.37</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">0.24</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">0.13</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">0.41</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: left">Leverage after lease liability ex IFRS 16</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">0.51</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right; background-color: white">0.36</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">0.15</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"></FONT></P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 64%">(&euro; million)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right; background-color: #F2F2F2; width: 14%">Reported measure</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; width: 14%">Lease liabilities of <BR>
Joint operators' <BR>
working interest</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 1pt solid; text-align: right; width: 8%">Pro-forma<BR>
 measure</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">Net borrowings after lease liabilities ex IFRS 16</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: bottom; text-align: right; background-color: #F2F2F2">19,971</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">1,876</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">18,095</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left">Shareholders' equity including non-controlling interest</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: bottom; text-align: right; background-color: #F2F2F2">38,839</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">38,839</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: left">Pro-forma leverage</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">0.51</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">0.47</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B></B></FONT></P>

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

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

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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 60%; font-size: 12pt; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: #FFD966; font-size: 12pt">
    <TD STYLE="padding: 5.4pt; text-align: justify; font-size: 12pt; width: 100%"><FONT STYLE="font: 14pt Times New Roman, Times, Serif"><B>Consolidated
    financial statements</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; color: Red"></P>

<P STYLE="font: 3pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: bottom; text-align: center; width: 78%">(&euro; million)</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: middle; text-align: center; width: 11%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left; width: 11%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; background-color: #F2F2F2">Jun. 30, 2020</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">Dec. 31, 2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">ASSETS</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Current assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Cash and cash equivalents&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">6,527</TD>
    <TD STYLE="text-align: right">5,994</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other financial activities held for trading</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">6,042</TD>
    <TD STYLE="text-align: right">6,760</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other financial assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">570</TD>
    <TD STYLE="text-align: right">384</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Trade and other receivables&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">10,700</TD>
    <TD STYLE="text-align: right">12,873</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Inventories&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">4,158</TD>
    <TD STYLE="text-align: right">4,734</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Income tax assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">233</TD>
    <TD STYLE="text-align: right">192</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other assets&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">3,660</TD>
    <TD STYLE="text-align: right">3,972</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">31,890</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: right">34,909</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Non-current assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Property, plant and equipment&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">58,627</TD>
    <TD STYLE="text-align: right">62,192</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Right of use assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">5,285</TD>
    <TD STYLE="text-align: right">5,349</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Intangible assets&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">3,086</TD>
    <TD STYLE="text-align: right">3,059</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Inventory - compulsory stock&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">892</TD>
    <TD STYLE="text-align: right">1,371</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Equity-accounted investments&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">7,388</TD>
    <TD STYLE="text-align: right">9,035</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other investments&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">932</TD>
    <TD STYLE="text-align: right">929</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other financial assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">1,237</TD>
    <TD STYLE="text-align: right">1,174</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Deferred tax assets&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">4,747</TD>
    <TD STYLE="text-align: right">4,360</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Income tax assets</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">180</TD>
    <TD STYLE="text-align: right">173</TD></TR>
<TR>
    <TD STYLE="padding-left: 18px; vertical-align: middle; text-align: left">Other assets</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: bottom; text-align: right; background-color: #F2F2F2">803</TD>
    <TD STYLE="vertical-align: bottom; text-align: right">871</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">83,177</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: right">88,513</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Assets held for sale</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">18</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">18</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">TOTAL ASSETS</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: #F2F2F2">115,085</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">123,440</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">LIABILITIES AND SHAREHOLDERS' EQUITY</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Current liabilities</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Short-term debt</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">3,124</TD>
    <TD STYLE="text-align: right">2,452</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Current portion of long-term debt</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">1,518</TD>
    <TD STYLE="text-align: right">3,156</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Current portion of long-term lease liabilities</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">919</TD>
    <TD STYLE="text-align: right">889</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Trade and other payables</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">12,525</TD>
    <TD STYLE="text-align: right">15,545</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes payable</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">301</TD>
    <TD STYLE="text-align: right">456</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other liabilities</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">7,217</TD>
    <TD STYLE="text-align: right">7,146</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">25,604</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: right">29,644</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Non-current liabilities</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Long-term debt&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">22,746</TD>
    <TD STYLE="text-align: right">18,910</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Long-term lease liabilities</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">4,723</TD>
    <TD STYLE="text-align: right">4,759</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Provisions for contingencies&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">13,738</TD>
    <TD STYLE="text-align: right">14,106</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Provisions for employee benefits&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">1,152</TD>
    <TD STYLE="text-align: right">1,136</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Deferred tax liabilities</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">6,018</TD>
    <TD STYLE="text-align: right">4,920</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes payable</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">475</TD>
    <TD STYLE="text-align: right">454</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other liabilities&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 4pt; text-align: right; background-color: #F2F2F2">1,790</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">1,611</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">50,642</TD>
    <TD STYLE="font-weight: bold; text-align: right">45,896</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Liabilities directly associated with assets held for sale</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">TOTAL LIABILITIES</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">76,246</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">75,540</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">SHAREHOLDERS' EQUITY</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Non-controlling interest&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">72</TD>
    <TD STYLE="font-weight: bold; text-align: right">61</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Eni shareholders' equity:</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Share capital&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">4,005</TD>
    <TD STYLE="text-align: right">4,005</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Retained earnings</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">34,480</TD>
    <TD STYLE="text-align: right">37,436</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Cumulative currency translation differences</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">7,047</TD>
    <TD STYLE="text-align: right">7,209</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Other reserves&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">1,151</TD>
    <TD STYLE="text-align: right">1,564</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Treasury shares&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">(581)</TD>
    <TD STYLE="text-align: right">(981)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Interim dividend&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,542)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; text-align: left">Net profit&nbsp;&nbsp;(loss)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right; background-color: #F2F2F2">(7,335)</TD>
    <TD STYLE="text-align: right">148</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Total Eni shareholders' equity</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 4pt; font-weight: bold; text-align: right; background-color: #F2F2F2">38,767</TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: right">47,839</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">TOTAL SHAREHOLDERS' EQUITY&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">38,839</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">47,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: left">TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">115,085</TD>
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 2pt double; text-align: right">123,440</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B></B></FONT></P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0"><B>GROUP PROFIT AND LOSS ACCOUNT</B></P>

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 13pt Times New Roman, Times, Serif"><B></B></FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; text-align: center">IIQ&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; text-align: center">IH&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 60%">(&euro; million)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2019</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">REVENUES</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">13,873</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net sales from operations&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">8,157</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">18,440</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">22,030</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">36,980</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">213</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Other income and revenues&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">247</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">383</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">460</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">644</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">14,086</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">Total revenues</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">8,404</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">18,823</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">22,490</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">37,624</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">OPERATING EXPENSES</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(11,669)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Purchases, services and other</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(5,517)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(13,375)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(17,186)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(26,791)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(72)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Impairment reversals (impairment losses) of trade and other receivables, net</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(139)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(157)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(211)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(246)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(838)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Payroll and related costs</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(704)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(779)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(1,542)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1,553)</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(263)</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">Other operating (expense) income</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(110)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">96</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(373)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">30</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(1,880)</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Depreciation, Depletion and Amortization</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(1,977)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(1,959)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(3,857)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(3,826)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(341)</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Impairment reversals (impairment losses) of tangible and intangible and right of use assets, net</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(2,408)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(280)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(2,749)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(311)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(118)</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">Write-off of tangible and intangible assets</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(229)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(138)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(347)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(178)</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(1,095)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: left">OPERATING PROFIT (LOSS)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(2,680)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">2,231</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(3,775)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">4,749</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; text-align: left">FINANCE INCOME (EXPENSE)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,345</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Finance income</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">808</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">154</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">2,153</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,420</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(1,518)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Finance expense</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(1,078)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(484)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(2,596)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(2,029)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(99)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net finance income (expense) from financial assets held for trading</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">92</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">16</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(7)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">78</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(136)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">60</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(2)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(76)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(21)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(408)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(118)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(316)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(526)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(552)</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">INCOME (EXPENSE) FROM INVESTMENTS</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(876)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Share of profit (loss) of equity-accounted investments&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(528)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(24)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(1,404)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Other gain (loss) from investments</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">39</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">73</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">25</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">94</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(890)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(489)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">49</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">(1,379)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right">146</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(2,393)</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">PROFIT (LOSS) BEFORE INCOME TAXES&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">(3,287)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">1,964</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">(5,680)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">4,343</TD></TR>
<TR>
    <TD STYLE="vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(534)</TD>
    <TD STYLE="padding-left: 18px; vertical-align: bottom; text-align: left">Income taxes&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(1,118)</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(1,539)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(1,652)</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">(2,823)</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(2,927)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: left">Net profit (loss)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(4,405)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">425</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(7,332)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">1,520</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; vertical-align: bottom; text-align: left">attributable to:</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: top; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(2,929)</TD>
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Eni's shareholders</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(4,406)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">424</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(7,335)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,516</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: right">2</TD>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Non-controlling interest</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); vertical-align: top; text-align: right">1</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: top; text-align: right">1</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); vertical-align: top; text-align: right">3</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: top; text-align: right">4</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: top; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">Net profit (loss) per share attributable <BR>
to Eni's shareholders (&euro; per share)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(0.82)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- basic</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(1.23)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">0.12</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(2.05)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">0.42</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">(0.82)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- diluted</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); border-bottom: Black 0.5pt solid; text-align: right">(1.23)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">0.12</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); border-bottom: Black 0.5pt solid; text-align: right">(2.05)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">0.42</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-weight: bold; vertical-align: bottom; text-align: left">Weighted average number of shares outstanding (million)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">3,572.5</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- basic</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">3,572.5</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3,600.6</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">3,572.5</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3,600.7</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 2pt double; vertical-align: bottom; text-align: right">3,574.8</TD>
    <TD STYLE="padding-left: 18px; vertical-align: top; text-align: left">- diluted</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; background-color: rgb(242,242,242); vertical-align: top; text-align: right">3,574.8</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; vertical-align: top; text-align: right">3,603.4</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); border-bottom: Black 2pt double; vertical-align: top; text-align: right">3,574.8</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; vertical-align: top; text-align: right">3,603.6</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 13pt Times New Roman, Times, Serif"><B></B></FONT></P>

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

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

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>COMPREHENSIVE INCOME (LOSS)</B></P>

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 70%">(&euro; million)&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 8%">2019</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom; text-align: left">Net profit (loss)&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">(4,405)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">425</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">(7,332)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">1,520</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left">Items that are not reclassified to profit or loss in later periods</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">12</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">8</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: left">Change in the fair value of interests with effects on other comprehensive income</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; vertical-align: middle; text-align: right">12</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; vertical-align: middle; text-align: right">8</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left">Items that may be reclassified to profit in later periods</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">(613)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">(685)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; text-align: right">(206)</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right">(76)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: left">Currency translation differences</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(742)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(583)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(164)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">320</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: left">Change in the fair value of cash flow hedging derivatives</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">304</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(153)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(123)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(564)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: justify">Share of other comprehensive income on equity-accounted entities</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(87)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">7</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">46</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">5</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: left">Taxation&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(88)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">44</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">35</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">163</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Total other items of comprehensive income (loss)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(601)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(685)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(198)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(76)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: left">Total comprehensive income (loss)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(5,006)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(260)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(7,530)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,444</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">attributable to:</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-left: 9px; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Eni's shareholders</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(5,007)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(261)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">(7,533)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">1,440</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 9px; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Non-controlling interest</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); border-bottom: Black 2pt double; text-align: right">1</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; text-align: right">1</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); border-bottom: Black 2pt double; text-align: right">3</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; text-align: right">4</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B></B></FONT></P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: left">CHANGES IN SHAREHOLDERS&rsquo; EQUITY</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: center; width: 79%">(&euro; million)</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: center; width: 13%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold">Shareholders' equity at January 1, 2019</TD>
    <TD STYLE="color: #C00000; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 9px; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: center">51,069</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Total comprehensive income (loss)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">1,444</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Dividends paid to Eni's shareholders</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,476)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Dividends distributed by consolidated subsidiaries</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Buy-back program</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(52)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Reimbursement to third party shareholders&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Other changes</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom">Total changes</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; vertical-align: middle; text-align: center">(63)</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom">Shareholders' equity at June 30, 2019</TD>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; vertical-align: middle; text-align: center">51,006</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">attributable to:</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; color: #C00000; font-weight: bold; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Eni's shareholders</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: center">50,949</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Non-controlling interest</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center">57</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold">Shareholders' equity at December 31, 2019</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: center">47,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Total comprehensive income (loss)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(7,530)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Dividends paid to Eni's shareholders</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,536)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Dividends distributed by consolidated subsidiaries</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; text-align: left">Other changes</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold">Total changes</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 9px; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center">(9,061)</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom">Shareholders' equity at June 30, 2020</TD>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 9px; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; color: #C00000; font-weight: bold; vertical-align: middle; text-align: center">38,839</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; text-align: left">attributable to:</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 9px; font-weight: bold; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: middle">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 9px; color: #C00000; font-weight: bold; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Eni's shareholders</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 9px; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: center">38,767</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 9px; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;- Non-controlling interest</TD>
    <TD STYLE="border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 9px; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; text-align: center">72</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B></B></FONT></P>

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

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

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

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

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 13pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 13pt Times New Roman, Times, Serif"><B></B></FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 6%">2020</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: center; width: 65%">(&euro; million)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right; width: 7%">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,927)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net profit (loss)</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right">(4,405)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">425</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right">(7,332)</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">1,520</TD></TR>
<TR>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; vertical-align: bottom; text-align: left">Adjustments to reconcile net profit (loss) to net cash provided by operating activities:</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">1,880</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Depreciation, depletion and amortization&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">1,977</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,959</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">3,857</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3,826</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">341</TD>
    <TD STYLE="padding-left: 18px; text-align: left">&nbsp;Impairment losses (impairment reversals) of tangible, intangible and right of use, net</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">2,408</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">280</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">2,749</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">311</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">118</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Write-off of tangible and intangible assets</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">229</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">138</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">347</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">178</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">876</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Share of (profit) loss of equity-accounted investments&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">528</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">24</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">1,404</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(52)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(3)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Gains on disposal of assets, net&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(1)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(21)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(4)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(26)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(16)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Dividend income&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(56)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(68)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(72)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(89)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(28)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Interest income&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(44)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(38)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(72)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(72)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">231</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Interest expense</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">227</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">268</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">458</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">521</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">534</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">1,118</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,539</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">1,652</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">2,823</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">83</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Other changes</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(161)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(59)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(78)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(14)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Changes in working capital:</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">1,777</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- inventories</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(716)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">87</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">1,061</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(102)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">225</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- trade receivables</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">1,791</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">2,289</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">2,016</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">131</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(1,624)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- trade payables</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(981)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1,297)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(2,605)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(873)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(96)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- provisions for contingencies</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(303)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">25</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(399)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(30)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">403</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- other assets and liabilities</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">212</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(48)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">615</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">340</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right; background-color: white">685</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Cash flow from changes in working capital</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">3</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">1,056</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">688</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(534)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">37</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Net change in the provisions for employee benefits</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(11)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(12)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">26</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">35</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">156</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Dividends received</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">172</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">625</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">328</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,155</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">23</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Interest received</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">10</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">18</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">33</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">32</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(277)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Interest paid</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(257)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(256)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(534)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(486)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right; background-color: white">(738)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Income taxes paid, net of tax receivables received</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(334)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1,363)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(1,072)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(2,516)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">975</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net cash provided by operating activities&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right">1,403</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">4,515</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right">2,378</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">6,612</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Investing activities:</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(1,529)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- tangible assets and prepaid right of use</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(940)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1,930)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(2,469)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(4,109)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(61)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- intangible assets</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(38)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(67)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(99)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(127)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(99)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- consolidated subsidiaries and businesses net of cash and cash equivalent acquired</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(10)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(109)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(123)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- investments</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(32)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(21)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(155)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(51)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- securities held for operating purposes&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(9)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(5)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(15)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(8)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(44)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- financing receivables held for operating purposes&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(41)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(39)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(85)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(87)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">(95)</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- change in payables in relation to investing activities&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(275)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(107)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">(370)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(20)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">(1,957)</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Cash flow from investing activities&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(1,345)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(2,169)</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">(3,302)</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(4,402)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">Disposals:</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- tangible assets</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">11</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">20</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">15</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">26</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- investments</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">2</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">12</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">6</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">12</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- securities held for operating purposes&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">2</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">5</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">12</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">5</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- financing receivables held for operating purposes&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">23</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">24</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">65</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">56</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 18px; text-align: left">- change in receivables in relation to disposals</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">95</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">95</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">60</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Cash flow from disposals</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">38</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">156</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">98</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">194</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: right">(735)</TD>
    <TD STYLE="padding-left: 18px; font-style: italic; text-align: left">Net change in receivables and securities not held for operating purposes</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">1,198</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(57)</TD>
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; background-color: rgb(242,242,242); font-style: italic; text-align: right">463</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(122)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(2,632)</TD>
    <TD STYLE="padding-left: 18px; color: #C00000; font-weight: bold; text-align: left">Net cash used in investing activities</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right">(109)</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(2,070)</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; background-color: rgb(242,242,242); color: #C00000; font-weight: bold; text-align: right">(2,741)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(4,330)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 13pt Times New Roman, Times, Serif"><B></B></FONT></P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 10pt; vertical-align: bottom; text-align: center; width: 60%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(242,242,242); border-bottom: black 1pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2020</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5pt; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2019</TD>
    <TD STYLE="background-color: rgb(242,242,242); border-bottom: black 1pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2020</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">999</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Increase in long-term debt&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">3,293</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">995</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">4,292</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,021</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(1,035)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Repayments of long-term debt</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(1,081)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(1,355)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(2,116)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1,736)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(249)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Repayment of lease liabilities</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(213)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(167)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(462)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(397)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(416)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Increase (decrease) in short-term financial debt</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1,147</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(93)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">731</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">52</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">(701)</TD>
    <TD STYLE="padding-left: 10pt; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-weight: bold; text-align: right">3,146</TD>
    <TD STYLE="padding-right: 5pt; font-weight: bold; text-align: right">(620)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-weight: bold; text-align: right">2,445</TD>
    <TD STYLE="padding-right: 4pt; font-weight: bold; text-align: right">(1,060)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Net capital reimbursement to non-controlling interest</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(1)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Dividends paid to Eni's shareholders</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(1,534)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(1,475)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(1,534)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(1,475)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Dividends paid to non-controlling interests</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(3)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(3)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(3)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(3)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Net purchase of treasury shares</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(46)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(46)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(701)</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Net cash used in financing activities</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">1,609</TD>
    <TD STYLE="padding-right: 5pt; color: #C00000; font-weight: bold; text-align: right">(2,145)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">908</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(2,585)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-left: 10pt; text-align: left">Effect of change in consolidation (inclusion/exclusion of significant/insignificant subsidiaries)</TD>
    <TD STYLE="vertical-align: bottom; background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; text-align: right">(1)</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Effect of exchange rate changes on cash and cash equivalents and other changes</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(18)</TD>
    <TD STYLE="padding-right: 5pt; text-align: right">(6)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(13)</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">(2,353)</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Net increase (decrease) in cash and cash equivalent</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">2,886</TD>
    <TD STYLE="padding-right: 5pt; color: #C00000; font-weight: bold; text-align: right">294</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">533</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(301)</TD></TR>
<TR>
    <TD STYLE="color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">5,994</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; vertical-align: bottom; text-align: left">Cash and cash equivalents - beginning of the period&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">3,641</TD>
    <TD STYLE="padding-right: 5pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">10,260</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">5,994</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; vertical-align: middle; text-align: right">10,855</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">3,641</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Cash and cash equivalents - end of the period&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">6,527</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 5pt; color: #C00000; font-weight: bold; text-align: right">10,554</TD>
    <TD STYLE="border-bottom: Black 2pt double; background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">6,527</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">10,554</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">IH&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 60%">(&euro; million)</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2020</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2019</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2020</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 8%">2019</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; font-weight: bold; text-align: left">Investment of consolidated subsidiaries and businesses</TD>
    <TD STYLE="font-weight: bold; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Current assets</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">1</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">15</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">171</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Non-current assets&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">11</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">182</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(63)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Cash and cash equivalents (net borrowings)</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(1)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(64)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Current and non-current liabilities</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(2)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(11)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">113</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Net effect of investments</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">9</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">122</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Non-controlling interest</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">1</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(10)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">102</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Purchase price</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">10</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">112</TD>
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">less:</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Cash and cash equivalents</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: #F2F2F2">(3)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; vertical-align: top; color: #C00000; font-weight: bold; text-align: right">99</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Investment of consolidated subsidiaries and businesses net of cash and cash equivalent acquired</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">10</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right; background-color: #F2F2F2">109</TD>
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2020</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 10pt; vertical-align: bottom; text-align: center; width: 51%">(&euro; million)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2019</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">% Ch.</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2019</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1,258</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Exploration &amp; Production</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">760</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1,676</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(55)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">2,018</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3,662</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(45)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">- acquisition of proved and unproved properties</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">6</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">..</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">372</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right; background-color: white">171</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">- exploration</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">76</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">170</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(55)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">247</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">313</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(21)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right; background-color: white">1,070</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">- development</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">670</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">1,490</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(55)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">1,740</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">2,957</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(41)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right; background-color: white">17</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">- other expenditure</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">14</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">10</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">40</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">31</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">20</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">55</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">57</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Gas &amp; Power&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">52</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">57</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(9)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">109</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">99</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">10</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">235</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Refining &amp; Marketing and Chemicals</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">142</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">229</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(38)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">377</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">417</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(10)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">169</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">- Refining &amp; Marketing</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">105</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">208</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(50)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">274</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">379</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(28)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">66</TD>
    <TD STYLE="padding-left: 10pt; font-style: italic; text-align: left">- Chemicals</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">37</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">21</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">76</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">103</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">38</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">..</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Corporate and other activities</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">29</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">37</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(22)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">71</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">64</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">11</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: right">(2)</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">Impact of unrealized intragroup profit elimination</TD>
    <TD STYLE="border-bottom: Black 1pt solid; background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">(5)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">(2)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">(7)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">(6)</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">1,590</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Capital expenditure</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">978</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">1,997</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(51)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">2,568</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">4,236</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; color: #C00000; font-weight: bold; text-align: right">(39)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the first half of 2020, capital expenditure
amounted to &euro;2,568 million (&euro;4,236 million in the first half of 2019) and mainly related to:</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">- development activities (&euro;1,740 million)
mainly in Egypt, Indonesia, the United Arab Emirates, Mexico, the United States, Iraq, Mozambique and Kazakhstan;</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">- refining activity in Italy and outside
Italy (&euro;245 million) mainly aimed at reconstruction works of the EST conversion plant at the Sannazzaro refinery, to maintain
plants&rsquo; integrity as well as HSE initiatives; marketing activity for regulation compliance and stay in business initiatives
in the refined product retail network in Italy and in the rest of Europe (&euro;29 million);</P>

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

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">- initiatives relating to gas marketing
(&euro;85 million).</P>

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

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

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

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0pt 0">Sustainability performance</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 4pt; font-weight: bold; vertical-align: middle; text-align: center">IH&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: bottom; text-align: left; width: 46%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left; width: 33%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2019</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; color: #C00000; font-weight: bold; text-align: left">TRIR (Total recordable injury rate)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(total recordable injury rate/worked hours) x 1,000,000</FONT></TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">0.24</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">0.28</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(14.3)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; color: #C00000; font-weight: bold; text-align: left">GHG emissions/100% operated hydrocarbon gross production</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(tonnes CO<SUB>2</SUB> eq./kboe)</FONT></TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">20.99</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">20.94</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">0.2</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; color: #C00000; font-weight: bold; text-align: left">Direct GHG emissions (Scope 1)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 8pt">(mmtonnes CO<SUB>2</SUB> eq.)</FONT></TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">18.86</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">20.86</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(9.6)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; font-style: italic; text-align: left">- of which CO<SUB>2</SUB> eq from combustion and process</TD>
    <TD STYLE="font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">14.55</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">16.38</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(11.2)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; padding-top: 1pt; font-style: italic; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CO<SUB>2
    </SUB>eq from flaring</TD>
    <TD STYLE="padding-top: 1pt; font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">3.10</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">3.09</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">0.3</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; padding-top: 1pt; font-style: italic; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CO<SUB>2
    </SUB>eq from venting&nbsp;&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">0.98</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">1.03</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">(4.9)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; padding-top: 1pt; font-style: italic; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CO<SUB>2
    </SUB>eq from methane fugitive</TD>
    <TD STYLE="padding-top: 1pt; font-style: italic; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">0.23</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">0.36</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; font-style: italic; text-align: right">(36.1)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; padding-top: 1pt; color: #C00000; font-weight: bold; text-align: left">Oil spills due to operations (&gt;1 barrel)</TD>
    <TD STYLE="padding-top: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">(kbbl)&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">0.32</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">0.68</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(53.0)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: Black 2pt double; padding-left: 0.25in; padding-top: 1pt; color: #C00000; font-weight: bold; text-align: left">% produced water reinjection</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-top: 1pt; text-align: right"><FONT STYLE="font-size: 8pt">(%)</FONT></TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-top: 1pt; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">54</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-top: 1pt; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">61</TD>
    <TD STYLE="border-bottom: Black 2pt double; padding-top: 1pt; padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(11.5)</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>TRIR
(Total recordable injury rate) </B>of the workforce amounted to 0.24 confirming Eni&rsquo;s commitment to awareness and dissemination
of the safety culture; down by 14% compared to the same period of 2019.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Upstream
GHG emission intensity</B>: 20.99 tCO<SUB>2</SUB> eq./kboe, as of June 30, 2020. Confirmed the target of 43% reduction by 2025
from 2014 baseline.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Direct
GHG emissions</B>: 18.86 million tCO<SUB>2 </SUB>eq. down by 2 million tCO<SUB>2 </SUB>eq. or by 9.6% from the first half of 2019,
leveraging on the contribution of all business segments.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Emissions
from combustion and process </B>were down in all business segments to 14.55 million of tCO<SUB>2</SUB> eq. (down by 11.2%), mainly
driven by the higher planned standstills at refineries and chemical plants, in some circumstances prolonged due to COVID-19 emergency,
the temporary shutdown of the E&amp;P production activities in Libya, lower power production and volumes of natural gas transported.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Emissions
from flaring </B>in the E&amp;P segment were substantially unchanged from the first half of 2019, in line with the target of zero
flaring by 2025.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Emissions
from methane fugitive </B>were down by 36.1% from the first half of 2019, benefitting from monitoring campaigns and maintenance
programs in the upstream segment.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Oil
spills due to operations</B>: down by 53% from the first half of 2019, leveraging the technical measures adopted by Eni and mainly
addressed to the E&amp;P segment.</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: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol; font-size: 8pt; color: #c00000">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9pt"><B>Water
reinjection </B>in the E&amp;P segment: decreased from the first half of 2019 (down by 11.5%), due to the production shutdown
in Congo and Libya, as well as certain issues at the reinjection system following the restart of Zatchi and Loango fields in Congo
and the lack of reinjection at the Ebocha field in Nigeria.</FONT></TD>
</TR></TABLE>

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

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

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

<P STYLE="font: 19pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Exploration &amp; Production</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">PRODUCTION OF OIL AND NATURAL GAS
BY REGION&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IQ</B></FONT></TD>
    <TD STYLE="padding-left: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IIQ</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IH</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; border-bottom: black 1pt solid; vertical-align: bottom; width: 52%">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; border-bottom: black 1pt solid; vertical-align: bottom; width: 13%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: rgb(242,242,242); padding-right: 4pt; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); border-bottom: black 1pt solid; padding-right: 4pt; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>1,774</B></FONT></TD>
    <TD STYLE="padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>Production
    of oil and natural gas <SUP>(a)(b)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 6pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(kboe/d)</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>1,713</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>1,834</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>1,744</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>1,837</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">111</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Italy</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">105</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">123</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">127</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">254</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of Europe</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">241</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">146</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">247</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">158</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">250</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">North Africa</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">255</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">388</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">252</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">381</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">299</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Egypt</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">262</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">346</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">281</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">341</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">369</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sub-Saharan Africa</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">383</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">399</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">376</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">381</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">173</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kazakhstan</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">167</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">170</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">134</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">191</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of Asia</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">171</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">179</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">181</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">180</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">110</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Americas</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">113</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">106</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">112</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">107</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia and Oceania</FONT></TD>
    <TD STYLE="padding-right: 6pt">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28</FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 2.25pt double; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>144</B></FONT></TD>
    <TD STYLE="padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>Production
    sold <SUP>(a)</SUP></B></FONT></TD>
    <TD STYLE="padding-right: 6pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(mmboe)</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 2.25pt double; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>143</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 2.25pt double; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>150</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); border-bottom: black 2.25pt double; padding-right: 4pt; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>286</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 2.25pt double; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>302</B></FONT></TD></TR>
</TABLE>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">PRODUCTION OF LIQUIDS BY REGION</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IQ</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IIQ</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IH</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; text-align: left; border-bottom: black 1pt solid; vertical-align: bottom; width: 52%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; width: 13%">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>892</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>Production of liquids</B></FONT></TD>
    <TD STYLE="padding-right: 6pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(kbbl/d)</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>853</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>867</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>873</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>877</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Italy</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">149</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of Europe</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">144</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">94</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">116</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">North Africa</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">118</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">175</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">117</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">170</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">74</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Egypt</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">73</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">232</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sub-Saharan Africa</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">231</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">266</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">232</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">259</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">117</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kazakhstan</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">113</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">76</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">115</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">94</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of Asia</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">88</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">79</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Americas</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">57</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia and Oceania</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 2.25pt double">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></TD></TR>
</TABLE>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">PRODUCTION OF NATURAL GAS BY REGION</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IQ</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IIQ</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IH</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; text-align: left; border-bottom: black 1pt solid; vertical-align: bottom; width: 52%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; width: 13%">&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2020</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; width: 7%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2019</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>4,768</B></FONT></TD>
    <TD STYLE="padding-left: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>Production of natural gas</B></FONT></TD>
    <TD STYLE="padding-right: 6pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(mmcf/d)</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>4,653</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>5,230</B></FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>4,711</B></FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #C00000"><B>5,194</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">334</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Italy</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">324</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">380</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">329</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">395</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">567</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of Europe</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">550</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">325</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">559</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">346</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">723</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">North Africa</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">742</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,151</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">733</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,144</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,217</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Egypt</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,102</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,477</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,160</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,456</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">740</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sub-Saharan Africa</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">822</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">720</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">781</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">660</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">304</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kazakhstan</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">291</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">237</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">297</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">261</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">527</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rest of Asia</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">451</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">543</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">489</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">532</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">263</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Americas</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">285</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">266</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">274</FONT></TD>
    <TD STYLE="padding-right: 4pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">261</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93</FONT></TD>
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Australia and Oceania</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86</FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">131</FONT></TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">89</FONT></TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 2.25pt double; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">139</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 8pt">(a)
Includes Eni&rsquo;s share of production of equity-accounted entities.</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 8pt">(b)
Includes volumes of hydrocarbons consumed in operation (113 and 120 kboe/d in the second quarter of 2020 and 2019, respectively,
118 and 119 kboe/d in the first half of 2020 and 2019, respectively, and&nbsp;&nbsp;123 kboe/d in the first quarter of 2020).</FONT></P>

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

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

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

<P STYLE="font: 19pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gas &amp; Power</P>

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

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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: right">IQ&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; font-weight: bold; text-align: center">IIQ&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 4pt; font-weight: bold; text-align: center">IH&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">2020</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; width: 51%">(bcm)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; width: 7%; text-align: right">2020</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; width: 7%; text-align: right">2019</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">% Ch.</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; width: 7%; text-align: right">2020</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: black 1pt solid; font-weight: bold; vertical-align: middle; width: 7%; text-align: right">2019</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; width: 7%">% Ch.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">8.97</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">ITALY</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">9.13</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">9.69</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(6)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">18.10</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">20.46</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(12)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">2.42</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Wholesalers</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1.47</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1.93</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(24)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">3.89</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">4.48</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(13)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1.04</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Italian exchange for gas and spot markets</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">4.36</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3.63</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">20</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">5.40</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">6.15</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(12)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1.22</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Industries</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1.04</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1.30</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(20)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">2.26</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">2.62</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(14)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">0.31</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Small and medium-sized enterprises and services</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">0.10</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">0.14</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(29)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">0.41</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">0.49</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(16)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">0.38</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Power generation</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">0.36</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">0.65</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(45)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">0.74</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1.05</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(30)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">2.07</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Residential</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">0.36</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">0.61</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(41)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">2.43</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">2.62</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(7)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">1.53</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Own consumption</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1.44</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1.43</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">2.97</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">3.05</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(3)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">7.78</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">INTERNATIONAL SALES</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">4.79</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">8.11</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(41)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">12.57</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">18.67</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(33)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">6.83</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Rest of Europe</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">3.87</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">5.97</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(35)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">10.70</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">13.97</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(23)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">0.96</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- Importers in Italy</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">0.98</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">1.10</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(11)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">1.94</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">2.12</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(8)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: right">5.87</TD>
    <TD STYLE="padding-left: 10pt; text-align: left">- European markets</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">2.89</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">4.87</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(41)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; text-align: right">8.76</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">11.85</TD>
    <TD STYLE="padding-right: 4pt; text-align: right">(26)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">1.08</TD>
    <TD STYLE="padding-left: 0.3in">Iberian Peninsula</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.75</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">1.00</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(25)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">1.83</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">2.21</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(17)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">0.08</TD>
    <TD STYLE="padding-left: 0.3in">Germany/Austria</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.04</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.39</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(90)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.12</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.84</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(86)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">0.98</TD>
    <TD STYLE="padding-left: 0.3in">Benelux</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.62</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.88</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(30)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">1.60</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">1.79</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(11)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">0.44</TD>
    <TD STYLE="padding-left: 0.3in">UK</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.43</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.41</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">5</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.87</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.90</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(3)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">1.42</TD>
    <TD STYLE="padding-left: 0.3in">Turkey</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.26</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">1.27</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(80)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">1.68</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">3.04</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(45)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">1.60</TD>
    <TD STYLE="padding-left: 0.3in">France</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.70</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.84</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(17)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">2.30</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">2.55</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(10)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-style: italic; text-align: right">0.27</TD>
    <TD STYLE="padding-left: 0.3in">Other</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.09</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.08</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">12</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; font-style: italic; text-align: right">0.36</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">0.52</TD>
    <TD STYLE="padding-right: 4pt; font-style: italic; text-align: right">(31)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">0.95</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">Rest of World</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">0.92</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">2.14</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(57)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">1.87</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">4.70</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(60)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="color: #C00000; font-weight: bold; text-align: right">16.75</TD>
    <TD STYLE="padding-left: 10pt; color: #C00000; font-weight: bold; text-align: left">WORLDWIDE GAS SALES</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">13.92</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">17.80</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(22)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">30.67</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">39.13</TD>
    <TD STYLE="padding-right: 4pt; color: #C00000; font-weight: bold; text-align: right">(22)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 2pt double; font-style: italic; text-align: right">2.50</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 2pt double; font-style: italic; text-align: left">of which: LNG sales</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: Black 2pt double; font-style: italic; text-align: right">2.00</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; font-style: italic; text-align: right">2.20</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; font-style: italic; text-align: right">(9)</TD>
    <TD STYLE="background-color: rgb(242,242,242); padding-right: 4pt; border-bottom: Black 2pt double; font-style: italic; text-align: right">4.50</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; font-style: italic; text-align: right">4.90</TD>
    <TD STYLE="padding-right: 4pt; border-bottom: Black 2pt double; font-style: italic; text-align: right">(8)</TD></TR>
</TABLE>

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

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

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo2.jpg
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
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