Eni's refining and marketing business continued to suffer from low profitability in 2015. The latest financial results show shifts from what previously were profitable divisions to now loss making divisions. The company has followed a downstream strategy of retreating to its core Italian market, divesting all fuels marketing businesses and refining stakes held in Eastern European markets. In addition, Eni is restructuring its Italian refineries, with at least two becoming bio-refineries and a further two planned to become storage terminals. A new chief executive hopes to succeed where his predecessors have failed to rationalise and increase profitability, and further downstream divestment remains a distinct possibility.