Eni beat market expectations, reporting record production rates and good financial results. The balance sheet is also now one of the strongest among the Majors. Project execution and asset sales were the key success factors in 2017. The highlight was the start-up of the Zohr field, just two and a half years after discovery. Recent start-ups are expected to deliver another year of growth in 2018, while several new projects will be sanctioned. Eni will target more success through the drill bit, underscoring its leading exploration performance.