Eni Management

Management criteria checks 3/4

Eni's CEO is Claudio Descalzi, appointed in May 2014, has a tenure of 10.5 years. total yearly compensation is €8.21M, comprised of 19.5% salary and 80.5% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €7.68M. The average tenure of the management team and the board of directors is 4.3 years and 6.8 years respectively.

Key information

Claudio Descalzi

Chief executive officer

€8.2m

Total compensation

CEO salary percentage	19.5%
CEO tenure	10.5yrs
CEO ownership	0.02%
Management average tenure	4.3yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Claudio Descalzi's remuneration changed compared to Eni's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€2b
Jun 30 2024	n/a	n/a	€4b
Mar 31 2024	n/a	n/a	€3b
Dec 31 2023	€8m	€2m	€5b
Sep 30 2023	n/a	n/a	€5b
Jun 30 2023	n/a	n/a	€9b
Mar 31 2023	n/a	n/a	€13b
Dec 31 2022	€7m	€2m	€14b
Sep 30 2022	n/a	n/a	€17b
Jun 30 2022	n/a	n/a	€12b
Mar 31 2022	n/a	n/a	€8b
Dec 31 2021	€7m	€2m	€6b
Sep 30 2021	n/a	n/a	€2b
Jun 30 2021	n/a	n/a	-€197m
Mar 31 2021	n/a	n/a	-€5b
Dec 31 2020	€6m	€2m	-€9b
Sep 30 2020	n/a	n/a	-€10b
Jun 30 2020	n/a	n/a	-€9b
Mar 31 2020	n/a	n/a	-€4b
Dec 31 2019	€7m	€2m	€148m
Sep 30 2019	n/a	n/a	€2b
Jun 30 2019	n/a	n/a	€3b
Mar 31 2019	n/a	n/a	€4b
Dec 31 2018	€6m	€2m	€4b
Sep 30 2018	n/a	n/a	€6b
Jun 30 2018	n/a	n/a	€5b
Mar 31 2018	n/a	n/a	€3b
Jan 01 2018	n/a	n/a	€3b

Compensation vs Market: Claudio's total compensation ($USD8.55M) is above average for companies of similar size in the German market ($USD4.78M).

Compensation vs Earnings: Claudio's compensation has been consistent with company performance over the past year.

CEO

Claudio Descalzi (69 yo)

10.5yrs

Tenure

€8,214,000

Compensation

Mr. Claudio Descalzi has been the Chief Executive Officer of Eni SpA since May 2014 and serves as its General Manager. Mr. Descalzi served as the President of Assomineraria from 2006 to 2014 and Vice Presi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Claudio Descalzi	CEO, GM & Director	10.5yrs	€8.21m	0.018% € 7.6m
Giuseppe Ricci	Chief Operating Officer of Industrial Transformation	3.8yrs	€2.25m	no data
Guido Brusco	COO of Global Natural Resources & GM	2.8yrs	€1.82m	no data
Francesco Gattei	Chief Transition & Financial Officer	4.3yrs	no data	no data
Francesco Esposito	Head of Accounting & Financial Statements	no data	no data	no data
Lorenzo Fiorillo	Director of Technology	no data	no data	no data
Luca Franceschini	Integrated Compliance Director	8.2yrs	no data	no data
Stefano Speroni	Director of Legal Affairs & Commercial Negotiations	5.8yrs	no data	no data
Lapo Pistelli	Director of Public Affairs	4.3yrs	no data	no data
Claudia Carloni	Senior Vice President of International Negotiations - R&M business	no data	no data	no data
Vanessa Siscaro	Head of Corporate Secretary’s Staff Office	no data	no data	no data
Aldo Napolitano	Director of Exploration	no data	no data	no data

4.3yrs

Average Tenure

60yo

Average Age

Experienced Management: ENI's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Claudio Descalzi	CEO, GM & Director	10.8yrs	€8.21m	0.018% € 7.6m
Christiana Figueres	Member of Advisory Board	6.8yrs	no data	no data
Massimo Belcredi	Independent Non-executive Director	1.5yrs	€102.00k	no data
Rosalba Casiraghi	Chairman of the Board of Statutory Auditors	7.6yrs	no data	no data
Ian Bremmer	Member of Advisory Board	6.8yrs	no data	no data
Fabrizio Pagani	Chairman of Advisory Board	7.3yrs	€72.00k	no data
Raphael Louis Vermeir	Lead Independent Director	4.5yrs	€190.00k	no data
Carolyn Adele Dittmeier	Independent Non-executive Director	1.5yrs	€109.00k	no data
Federica Seganti	Independent Non-executive Director	1.5yrs	€115.00k	no data
Philip Lambert	Member of Advisory Board	6.8yrs	no data	no data
Davide Tabarelli	Member of Advisory Board	6.8yrs	no data	no data
Giuseppe Zafarana	Independent Chairman of Board	1.5yrs	€320.00k	no data

6.8yrs

Average Tenure

63yo

Average Age

Experienced Board: ENI's board of directors are considered experienced (6.8 years average tenure).

Eni Management

Management criteria checks 3/4

Key information

Recent management updates

CEO, GM & Director recently sold €1.2m worth of stock

Eni S.p.A., Annual General Meeting, May 15, 2024

Recent updates

Upcoming dividend of €0.25 per share

CEO, GM & Director recently sold €1.2m worth of stock

Hilcorp Energy Company completed the acquisition of Nikaitchuq and Oooguruk Assets in Alaska, US from Eni S.p.A. (BIT:ENI) for $1 billion.

Third quarter dividend of €0.25 announced

Third quarter 2024 earnings released: EPS: €0.17 (vs €0.58 in 3Q 2023)

Upcoming dividend of €0.25 per share

Eni Reportedly in Talks with Funds on Another Plenitude Stake Sale

Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd.

Second quarter dividend increased to €0.25

Second quarter 2024 earnings released: EPS: €0.21 (vs €0.088 in 2Q 2023)

KKR & Co. Inc. (NYSE:KKR) signed a temporary exclusivity agreement to acquire 25% stake in Enilive SpA from Eni S.p.A. (BIT:ENI).

Eni Reportedly Eyes Over €4 Billion in Upstream Asset Sale Plan

Eni S.p.A. (BIT:ENI) completed the acquisition of ATEN OIL, S.L. from Marcol Group.

Eni Reportedly Mulls Selling 20% Stake in Enilive Unit

Eni S.P.A. Approves Dividend for the Year 2024, First and Second Tranche Payable on September 25, 2024 and November 20, 2024 Respectively

Upcoming dividend of €0.23 per share

Eni S.p.A. (BIT:ENI) agreed to acquire unknown majority stake in ATEN OIL, S.L. from Marcol Group.

First quarter 2024 earnings released: EPS: €0.38 (vs €0.71 in 1Q 2023)

New major risk - Revenue and earnings growth

Ithaca Energy Enters into Exclusivity Agreement for Potential Transformational Combination with Eni's UK Business

Full year 2023 earnings released: EPS: €1.44 (vs €3.96 in FY 2022)

Now 22% overvalued

Dividend of €0.23 announced

Upcoming dividend of €0.24 per share

Fourth quarter dividend of €0.24 announced

Full year 2023 earnings released: EPS: €1.44 (vs €3.96 in FY 2022)

Eni S.p.A. (BIT:ENI) completed the acquisition of Global Business of Neptune Energy Group Limited.

Eni S.p.A., Annual General Meeting, May 15, 2024

Upcoming dividend of €0.23 per share at 6.4% yield

New major risk - Revenue and earnings growth

New minor risk - Profit margin trend

Eni in Talks to Sell Plenitude Stake, IPO Will Follow

Upcoming dividend of €0.24 per share at 6.5% yield

Oando PLC (NGSE:OANDO) signed an agreement to acquire Nigerian Agip Oil Company Ltd. from Eni S.p.A. (BIT:ENI).

Eni S.p.A. Provides Production Guidance for the Third Quarter and Year 2023

Second quarter 2023 earnings released: EPS: €0.088 (vs €1.08 in 2Q 2022)

Eni in Advanced Talks to Sell Minority Stake in Low-Carbon Unit

Eni S.p.A. (BIT:ENI) agreed to acquire unknown majority stake in Chevron Assets in Indonesia.

Eni S.p.A. acquired Two photovoltaic assets in Albacete of Helios Energy Investments from Helios Energy Investments for approximately €120 million.

Eni Wants to Reduce Oil Exposure with Asset Sales

Perenco Holdings agreed to acquire Interest in several permits in Congo from Eni S.p.A. (BIT:ENI) for approximately $300 million.

Eni S.p.A. (BIT:ENI) reached an agreement to acquire Global Business of Neptune Energy Group Limitedon for an enterprise value of CAD 2.6 billion.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age