Strategy update: Eni sets path to net zero

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17 March 2021

Strategy update: Eni sets path to net zero

Report summary

Eni unveiled a new net zero target in its 2021 strategy update. It has also set out a clear plan which takes a measured approach to transformation. There is no abrupt departure from oil and gas, and an incremental build out of competences in new areas such as wind, solar and biofuels. This approach does mean that Eni has some heavy lifting to do beyond 2030. It is also reliant on the cost-competitive scaling up of nascent fields such as CCS and blue hydrogen. But Eni has the flexibility to adapt its plan as market and competitor dynamics evolve. This should help the company to maximise returns while also keeping options open in the legacy oil and gas business.

Table of contents

Tables and charts

This report includes 2 images and tables including:

  • Decarbonisation targets
  • Exploration outlook

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    Strategy update: Eni sets path to net zero

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