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Investments (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments |
Schedule of equity accounted investments |
| 2022 |  |  | 2021 |
(€ million) | Investments in unconsolidated entities controlled by Eni |  |  | Joint ventures |  |  | Associates |  |  | Total |  |  | Investments in unconsolidated entities controlled by Eni |  |  | Joint ventures |  |  | Associates |  |  | Total |
Carrying amount - beginning of the year | 44 |  |  | 2,057 |  |  | 3,786 |  |  | 5,887 |  |  | 80 |  |  | 2,832 |  |  | 3,837 |  |  | 6,749 |
Additions and subscriptions | 21 |  |  | 900 |  |  | 686 |  |  | 1,607 |  |  | 1 |  |  | 558 |  |  | 103 |  |  | 662 |
Divestments and reimbursements | (2 | ) |  | (1 | ) |  | (477 | ) |  | (480 | ) |  | (21 | ) |  | (231 | ) |  | (133 | ) |  | (385 | )
Share of profit of equity-accounted investments | 5 |  |  | 474 |  |  | 1,684 |  |  | 2,163 |  |  | 6 |  |  | 31 |  |  | 165 |  |  | 202 |
Share of loss of equity-accounted investments | (6 | ) |  | (197 | ) |  | (82 | ) |  | (285 | ) |  | (3 | ) |  | (910 | ) |  | (381 | ) |  | (1,294 | )
Deduction for dividends | (3 | ) |  | (483 | ) |  | (708 | ) |  | (1,194 | ) |  | (25 | ) |  | (586 | ) |  | (16 | ) |  | (627 | )
Changes in the scope of consolidation | 5 |  |  | (710 | ) |  | (1,122 | ) |  | (1,827 | ) |  | 5 |  |  | 355 |  |  |  |  |  | 360 |
Currency translation differences | 2 |  |  | (231 | ) |  | 230 |  |  | 1 |  |  | 2 |  |  | 83 |  |  | 296 |  |  | 381 |
Other changes | (16 | ) |  | 5,256 |  |  | 980 |  |  | 6,220 |  |  | (1 | ) |  | (75 | ) |  | (85 | ) |  | (161 | )
Carrying amount - end of the year | 50 |  |  | 7,065 |  |  | 4,977 |  |  | 12,092 |  |  | 44 |  |  | 2,057 |  |  | 3,786 |  |  | 5,887 |
Schedule of net carrying amount of equity-accounted investments | Net carrying amount s related to the following companies:
| December 31, 2022 |  |  | December 31, 2021 |
(€ million) | Net carrying amount |  |  | % of the investment |  |  | Net carrying amount |  |  | % of the investment |
Investments in unconsolidated entities controlled by Eni |  |  |  |  |  |  |  |  |  |  |
Eni BTC Ltd | 1 |  |  | 100.00 |  |  | 2 |  |  | 100.00 |
Other | 49 |  |  |  |  |  | 42 |  |  |  |
| 50 |  |  |  |  |  | 44 |  |  |  |
Joint ventures |  |  |  |  |  |  |  |  |  |  |
Azule Energy Holdings Ltd | 5,073 |  |  | 50.00 |  |  |  |  |  |  |
Saipem SpA | 645 |  |  | 31.20 |  |  | 137 |  |  | 31.20 |
Cardón IV SA | 433 |  |  | 50.00 |  |  | 279 |  |  | 50.00 |
Vårgrønn AS | 370 |  |  | 65.00 |  |  | 3 |  |  | 69.60 |
Mozambique Rovuma Venture SpA | 308 |  |  | 35.71 |  |  | 355 |  |  | 35.71 |
GreenIT SpA | 74 |  |  | 51.00 |  |  | 9 |  |  | 51.00 |
Lotte Versalis Elastomers Co Ltd | 41 |  |  | 50.00 |  |  | 54 |  |  | 50.00 |
Hergo Renewables SpA | 33 |  |  | 65.00 |  |  |  |  |  |  |
Società Oleodotti Meridionali - SOM SpA | 29 |  |  | 70.00 |  |  | 27 |  |  | 70.00 |
Vår Energi AS |  |  |  |  |  |  | 645 |  |  | 69.85 |
Doggerbank Offshore Wind Farm Project 1 Holdco Ltd |  |  |  |  |  |  | 246 |  |  | 20.00 |
Doggerbank Offshore Wind Farm Project 2 Holdco Ltd |  |  |  |  |  |  | 238 |  |  | 20.00 |
Other | 59 |  |  |  |  |  | 64 |  |  |  |
| 7,065 |  |  |  |  |  | 2,057 |  |  |  |
Associates |  |  |  |  |  |  |  |  |  |  |
Abu Dhabi Oil Refining Company (Takreer) | 2,497 |  |  | 20.00 |  |  | 2,151 |  |  | 20.00 |
Vår Energi ASA | 763 |  |  | 63.08 |  |  |  |  |  |  |
Coral FLNG SA | 330 |  |  | 25.00 |  |  | 156 |  |  | 25.00 |
Qatar Liquefied Gas Company Limited (9) | 302 |  |  | 25.00 |  |  |  |  |  |  |
Novamont SpA | 255 |  |  | 35.00 |  |  |  |  |  |  |
ADNOC Global Trading Ltd | 158 |  |  | 20.00 |  |  | 42 |  |  | 20.00 |
Novis Renewables Holdings Llc | 74 |  |  | 49.00 |  |  | 75 |  |  | 49.00 |
Bluebell Solar Class A Holdings II Llc | 73 |  |  | 99.00 |  |  | 71 |  |  | 99.00 |
United Gas Derivatives Co | 72 |  |  | 33.33 |  |  | 75 |  |  | 33.33 |
Angola LNG Ltd |  |  |  |  |  |  | 1,084 |  |  | 13.60 |
Other | 453 |  |  |  |  |  | 132 |  |  |  |
| 4,977 |  |  |  |  |  | 3,786 |  |  |  |
| 12,092 |  |  |  |  |  | 5,887 |  |  |  |
Schedule of market value of investments listed in regulated stock markets | As at 31 December 2022, the book and market values of Saipem SpA and Vår Energi ASA, listed on the Italian and the Norwegia n stock exchange, respectively, were as follows:
| Saipem SpA |  |  | Vår Energi ASA |
Number of ordinary shares held | 622,476,192 |  |  | 1,574,616,035 |
% of the investment | 31.20 |  |  | 63.08 |
Share price (€) | 1.12750 |  |  | 3.19470 |
Market value (€ million) | 702 |  |  | 5,030 |
Book value (€ million) | 645 |  |  | 763 |
Schedule of additional information about other investments |
(€ million) | 2022 |  |  | 2021 |
Carrying amount - beginning of the year | 1,294 |  |  | 957 |
Additions and subscriptions | 68 |  |  | 175 |
Change in the fair value with effect to OCI | 56 |  |  | 105 |
Currency translation differences | 42 |  |  | 57 |
Other changes | (258 | ) |  |  |
Carrying amount - end of the year | 1,202 |  |  | 1,294 |

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