XML 140 R42.htm IDEA: XBRL DOCUMENT
v3.23.1

Segment information and information by geographical area | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment information and information by geographical area |
Segment information and information by geographical area | 3 5 Segment information and information by geographic area Segment information Eni’s segmental reporting reflects the Group’s operating segments, whose results are regularly reviewed by the Chief Operating Decision Maker (the CEO) to assess segment performance and to make decisions about resources to be allocated to each segment. The organization is based on two General Departments: Natural Resources, to build up the value of Eni’s oil&gas upstream portfolio, with the objective of reducing its carbon footprint by scaling up energy efficiency and expanding production in the natural gas business, and its position in the wholesale market. Furthermore, it will focus its actions on the development of carbon capture and compensation projects. The General Department incorporate s the Company’s oil&gas exploration, development and production activities, natural gas wholesale via pipeline and LNG, forests conservation (REDD+) and CO2 storage projects. Energy Evolution, focus ed on the evolution of the businesses of power generation, transformation and marketing of products from fossil to bio and blue. The responsibility of this Department include the grow th of power generation from renewable energy and biomethane, the coordinat ion of the bio and circular evolution of the Company’s refining system and chemical business, and the develop ment of Eni’s retail portfolio, providing increasingly more decarbonized products for mobility, household consumption and small enterprises. The General Department incorporate s the activities of power generation from natural gas and renewables, the refining and chemicals businesses, Retail Gas&Power and mobility Marketing. The companies Versalis (chemical products), Eni Rewind (environmental activities) and Eni Plenitude, in their current structure, are consolidated in this General Department. In relation to financial reporting purposes, management evaluated that the components of the Company whose operating results are regularly reviewed by the Chief Operating Decision Maker (CEO) to make decisions about the allocation of resources and to assess performances would continue being the single business units which are comprised in the two newly-established General Departments, rather than the two groups themselves. Therefore, in order to comply with the provisions of the international reporting standard that regulates the segment reporting (IFRS 8), the new reportable segments of Eni, substantially confirming the pre-existing setup, are identified as follows: Exploration & Production: research, development and production of oil, condensates and natural gas, forestry conservation (REDD+) and CO 2 capture and storage projects. Global Gas &LNG Portfolio (GGP): supply and sale of wholesale natural gas via pipeline, international transport and purchase and marketing of LNG. It includes gas trading activities finalized to hedging and stabilizing the trade margins, as well as optimising the gas asset portfolio. Refining & Marketing and Chemicals: supply, processing, distribution and marketing of fuels and chemicals. The results of the Chemicals segment were aggregated with the Refining & Marketing performance in a single reportable segment, because these two operating segments have similar economic returns. It comprises the activities of trading oil and products with the aim to execute the transactions on the market in order to balance the supply and stabilize and cover the commercial margins. Plenitude & Power: r etail sales of gas, electricity and related services, production and wholesale sales of electricity from thermoelectric and renewable plants, services for E-mobility. It includes trading activities of CO 2 emission certificates and forward sale of electricity with a view to hedging/optimising the margins of the electricity. C orporate and Other activities: includes the main business support functions, in particular holding, central treasury, IT, human resources, real estate services, captive insurance activities, research and development, new technologies, business digitalization and the environmental activity developed by the subsidiary Eni Rewind. Segment information presented to the CEO (i.e. the Chief Operating Decision Maker, ex IFRS 8) include s: revenues, operating profit and directly attributable assets and liabilities. Segment Information
(€ million) |  | Exploration & Production |  |  | Global Gas & LNG Portfolio |  |  | Refining & Marketing and Chemicals |  |  | Plenitude & Power |  |  | Corporate and Other activities |  |  | Adjustments of intragroup profits |  |  | Total |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales from operations including intersegment sales |  | 31,200 |  |  | 48,586 |  |  | 59,178 |  |  | 20,883 |  |  | 1,879 |  |  |  |  |  |  |
Less: intersegment sales |  | (18,304 | ) |  | (7,356 | ) |  | (708 | ) |  | (1,157 | ) |  | (1,689 | ) |  |  |  |  |  |
Sales from operations |  | 12,896 |  |  | 41,230 |  |  | 58,470 |  |  | 19,726 |  |  | 190 |  |  |  |  |  | 132,512 |
Operating profit |  | 15,908 |  |  | 3,730 |  |  | 460 |  |  | (825 | ) |  | (1,901 | ) |  | 138 |  |  | 17,510 |
Net provisions for contingencies |  | (147 | ) |  | (393 | ) |  | (1,110 | ) |  | (14 | ) |  | (1,340 | ) |  | 19 |  |  | (2,985 | )
Depreciation and amortization |  | (6,018 | ) |  | (217 | ) |  | (506 | ) |  | (358 | ) |  | (139 | ) |  | 33 |  |  | (7,205 | )
Impairments of tangible and intangible assets and right-of-use assets |  | (613 | ) |  | (6 | ) |  | (752 | ) |  | (125 | ) |  | (71 | ) |  |  |  |  | (1,567 | )
Reversals of tangible and intangible assets and right-of-use assets |  | 181 |  |  | 18 |  |  | 35 |  |  | 162 |  |  | 31 |  |  |  |  |  | 427 |
Write-off of tangible and intangible assets and right-of-use assets |  | (596 | ) |  | (1 | ) |  | (2 | ) |  |  |  |  |  |  |  |  |  |  | (599 | )
Share of profit (loss) of equity-accounted investments |  | 1,526 |  |  | 4 |  |  | 446 |  |  | (20 | ) |  | (115 | ) |  |  |  |  | 1,841 |
Identifiable assets (a) |  | 60,473 |  |  | 12,282 |  |  | 14,925 |  |  | 11,987 |  |  | 1,491 |  |  | (472 | ) |  | 100,686 |
Unallocated assets (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51,444 |
Equity-accounted investments |  | 7,314 |  |  | 1 |  |  | 3,084 |  |  | 663 |  |  | 1,030 |  |  |  |  |  | 12,092 |
Identifiable liabilities (a) |  | 17,385 |  |  | 12,572 |  |  | 9,011 |  |  | 4,787 |  |  | 4,416 |  |  | (68) |  |  | 48,103 |
Unallocated liabilities (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48,797 |
Capital expenditure in tangible and intangible assets |  | 6,362 |  |  | 23 |  |  | 878 |  |  | 631 |  |  | 166 |  |  | (4) |  |  | 8,056 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales from operations including intersegment sales |  | 21,742 |  |  | 20,843 |  |  | 40,374 |  |  | 11,187 |  |  | 1,698 |  |  |  |  |  |  |
Less: intersegment sales |  | (12,896 | ) |  | (3,870 | ) |  | (323 | ) |  | (670 | ) |  | (1,510 | ) |  |  |  |  |  |
Sales from operations |  | 8,846 |  |  | 16,973 |  |  | 40,051 |  |  | 10,517 |  |  | 188 |  |  |  |  |  | 76,575 |
Operating profit |  | 10,066 |  |  | 899 |  |  | 45 |  |  | 2,355 |  |  | (816 | ) |  | (208 | ) |  | 12,341 |
Net provisions for contingencies |  | (221 | ) |  | (139 | ) |  | (137 | ) |  | (1 | ) |  | (186 | ) |  | (23 | ) |  | (707 | )
Depreciation and amortization |  | (5,976 | ) |  | (174 | ) |  | (512 | ) |  | (286 | ) |  | (148 | ) |  | 33 |  |  | (7,063 | )
Impairments of tangible and intangible assets and right-of-use assets |  | (194 | ) |  | (28 | ) |  | (1,342 | ) |  | (132 | ) |  | (27 | ) |  |  |  |  | (1,723 | )
Reversals of tangible and intangible assets |  | 1,438 |  |  | 2 |  |  |  |  |  | 112 |  |  | 4 |  |  |  |  |  | 1,556 |
Write-off of tangible and intangible assets |  | (384 | ) |  |  |  |  | (2 | ) |  | (1 | ) |  |  |  |  |  |  |  | (387 | )
Share of profit (loss) of equity-accounted investments |  | 8 |  |  |  |  |  | (333 | ) |  |  |  |  | (766 | ) |  |  |  |  | (1,091 | )
Identifiable assets (a) |  | 61,753 |  |  | 10,022 |  |  | 13,326 |  |  | 8,343 |  |  | 1,439 |  |  | (591 | ) |  | 94,292 |
Unallocated assets (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 43,473 |
Equity-accounted investments |  | 2,639 |  |  | 17 |  |  | 2,366 |  |  | 667 |  |  | 198 |  |  |  |  |  | 5,887 |
Identifiable liabilities (a) |  | 17,046 |  |  | 10,072 |  |  | 6,796 |  |  | 3,786 |  |  | 3,338 |  |  | (49 | ) |  | 40,989 |
Unallocated liabilities (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 52,257 |
Capital expenditure in tangible and intangible assets |  | 3,861 |  |  | 19 |  |  | 728 |  |  | 443 |  |  | 187 |  |  | (4 | ) |  | 5,234 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales from operations including intersegment sales |  | 13,590 |  |  | 7,051 |  |  | 25,340 |  |  | 7,536 |  |  | 1,559 |  |  |  |  |  |  |
Less: intersegment sales |  | (7,231 | ) |  | (1,689 | ) |  | (403 | ) |  | (401 | ) |  | (1,365 | ) |  |  |  |  |  |
Sales from operations |  | 6,359 |  |  | 5,362 |  |  | 24,937 |  |  | 7,135 |  |  | 194 |  |  |  |  |  | 43,987 |
Operating profit |  | (610 | ) |  | (332 | ) |  | (2,463 | ) |  | 660 |  |  | (563 | ) |  | 33 |  |  | (3,275 | )
Net provisions for contingencies |  | (98 | ) |  | (64 | ) |  | (118 | ) |  | 2 |  |  | (26 | ) |  | (45 | ) |  | (349 | )
Depreciation and amortization |  | (6,273 | ) |  | (125 | ) |  | (575 | ) |  | (217 | ) |  | (146 | ) |  | 32 |  |  | (7,304 | )
Impairments of tangible and intangible assets and right-of-use assets |  | (2,170 | ) |  | (2 | ) |  | (1,605 | ) |  | (56 | ) |  | (22 | ) |  |  |  |  | (3,855 | )
Reversals of tangible and intangible assets |  | 282 |  |  |  |  |  | 334 |  |  | 55 |  |  | 1 |  |  |  |  |  | 672 |
Write-off of tangible and intangible assets |  | (322 | ) |  |  |  |  |  |  |  | (7 | ) |  |  |  |  |  |  |  | (329 | )
Share of profit (loss) of equity-accounted investments |  | (980 | ) |  | (15 | ) |  | (363 | ) |  | 6 |  |  | (381 | ) |  |  |  |  | (1,733 | )
Identifiable assets (a) |  | 59,439 |  |  | 4,020 |  |  | 10,716 |  |  | 4,387 |  |  | 1,444 |  |  | (402 | ) |  | 79,604 |
Unallocated assets (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30,044 |
Equity-accounted investments |  | 2,680 |  |  | 259 |  |  | 2,605 |  |  | 217 |  |  | 988 |  |  |  |  |  | 6,749 |
Identifiable liabilities (a) |  | 17,501 |  |  | 3,785 |  |  | 5,460 |  |  | 2,426 |  |  | 3,316 |  |  | (83 | ) |  | 32,405 |
Unallocated liabilities (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 39,750 |
Capital expenditure in tangible and intangible assets |  | 3,472 |  |  | 11 |  |  | 771 |  |  | 293 |  |  | 107 |  |  | (10 | ) |  | 4,644 |
(a) Include assets/liabilities directly associated with the generation of operating profit.
(b) I nclude assets/liabilities not directly associated with the generation of operating profit.
I nformation by geographical area Identifiable assets and investments by geographical area of origin
(€ million) |  | Italy |  |  | Other European Union |  |  | Rest of Europe |  |  | Americas |  |  | Asia |  |  | Africa |  |  | Other areas |  |  | Total |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable assets (a) |  | 29,195 |  |  | 7,689 |  |  | 6,564 |  |  | 8,892 |  |  | 18,653 |  |  | 28,167 |  |  | 1,526 |  |  | 100,686 |
Capital expenditure in tangible and intangible assets |  | 1,475 |  |  | 415 |  |  | 205 |  |  | 1,266 |  |  | 1,390 |  |  | 3,163 |  |  | 142 |  |  | 8,056 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable assets (a) |  | 23,718 |  |  | 6,902 |  |  | 6,114 |  |  | 5,718 |  |  | 17,483 |  |  | 33,499 |  |  | 858 |  |  | 94,292 |
Capital expenditure in tangible and intangible assets |  | 1,333 |  |  | 199 |  |  | 202 |  |  | 659 |  |  | 1,203 |  |  | 1,604 |  |  | 34 |  |  | 5,234 |
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable assets (a) |  | 17,228 |  |  | 4,159 |  |  | 3,174 |  |  | 4,485 |  |  | 16,360 |  |  | 33,341 |  |  | 857 |  |  | 79,604 |
Capital expenditure in tangible and intangible assets |  | 1,198 |  |  | 152 |  |  | 119 |  |  | 441 |  |  | 1,267 |  |  | 1,443 |  |  | 24 |  |  | 4,644 |
(a) Include assets directly associated with the generation of operating profit.
Sales from operations by geographical area of destination
€ million) |  | 2022 |  |  | 2021 |  |  | 2020 |
Italy |  | 60,090 |  |  | 29,968 |  |  | 14,717 |
Other European Union |  | 25,413 |  |  | 14,671 |  |  | 9,508 |
Rest of Europe |  | 21,748 |  |  | 12,470 |  |  | 8,191 |
Americas |  | 6,929 |  |  | 4,420 |  |  | 2,426 |
Asia |  | 9,062 |  |  | 7,891 |  |  | 4,182 |
Africa |  | 9,191 |  |  | 7,040 |  |  | 4,842 |
Other areas |  | 79 |  |  | 115 |  |  | 121 |
|  | 132,512 |  |  | 76,575 |  |  | 43,987 |

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS08_g20-24__IFRS08_g20-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration