Eni Management

Management criteria checks 3/4

Eni's CEO is Claudio Descalzi, appointed in May 2014, has a tenure of 9.92 years. total yearly compensation is €8.21M, comprised of 19.5% salary and 80.5% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €6.50M. The average tenure of the management team and the board of directors is 3.8 years and 6.3 years respectively.

Key information

Claudio Descalzi

Chief executive officer

€8.2m

Total compensation

CEO salary percentage	19.5%
CEO tenure	9.9yrs
CEO ownership	0.01%
Management average tenure	3.8yrs
Board average tenure	6.3yrs

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
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 ($USD8.79M) is above average for companies of similar size in the Italian market ($USD3.91M).

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

CEO

Claudio Descalzi (68 yo)

9.9yrs

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	9.9yrs	€8.21m	0.013% € 6.5m
Giuseppe Ricci	Chief Operating Officer of Energy Evolution Division	3.3yrs	€2.25m	no data
Guido Brusco	Chief Operating Officer of Natural Resources	2.2yrs	€1.82m	no data
Francesco Gattei	Chief Financial Officer	3.7yrs	no data	no data
Francesco Esposito	Head of Accounting & Financial Statements	no data	no data	no data
Francesca Zarri	Director of Technology	3.8yrs	no data	no data
Luca Franceschini	Integrated Compliance Director	7.6yrs	no data	no data
Stefano Speroni	Director of Legal Affairs & Commercial Negotiations	5.3yrs	no data	no data
Lapo Pistelli	Director of Public Affairs	3.8yrs	no data	no data
Claudio Granata	Director Human Capital & Procurement Coordination	3.8yrs	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

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: ENI's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Claudio Descalzi	CEO, GM & Director	10.3yrs	€8.21m	0.013% € 6.5m
Christiana Figueres	Member of Advisory Board	6.3yrs	no data	no data
Massimo Belcredi	Independent Non-executive Director	less than a year	€102.00k	no data
Rosalba Casiraghi	Chairman of the Board of Statutory Auditors	7yrs	no data	no data
Ian Bremmer	Member of Advisory Board	6.3yrs	no data	no data
Fabrizio Pagani	Chairman of Advisory Board	6.8yrs	€72.00k	no data
Raphael Louis Vermeir	Lead Independent Director	3.9yrs	€200.00k	no data
Carolyn Adele Dittmeier	Independent Non-executive Director	less than a year	€109.00k	no data
Federica Seganti	Independent Non-executive Director	less than a year	no data	no data
Philip Lambert	Member of Advisory Board	6.3yrs	no data	no data
Davide Tabarelli	Member of Advisory Board	6.3yrs	no data	no data
Giuseppe Zafarana	Independent Chairman of Board	less than a year	€320.00k	no data

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: ENI's board of directors are considered experienced (6.3 years average tenure).

Eni Management

Management criteria checks 3/4

Key information

Recent management updates

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

Eni S.p.A. Appoints Claudio Descalzi as Chief Executive Officer

CEO, GM & Director recently bought €203k worth of stock

Eni S.p.A., Annual General Meeting, May 10, 2023

CEO, GM & Director recently sold €810k worth of stock

Recent updates

First quarter 2024 earnings: EPS and revenues miss analyst expectations

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: EPS and revenues miss analyst expectations

Dividend of €0.23 announced

Upcoming dividend of €0.24 per share

Fourth quarter dividend of €0.24 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

Now 20% undervalued after recent price drop

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

Now 20% undervalued after recent price drop

Upcoming dividend of €0.23 per share at 6.4% yield

New major risk - Revenue and earnings growth

New minor risk - Profit margin trend

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

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: EPS and revenues miss analyst expectations

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.

EIP Reportedly in Talks to Buy Stake in Eni's Renewables Business

Eni Reportedly Extends Talks with Investors on Potential Plenitude Stake Sale

Eni Reportedly Enters Exclusive Talks to Acquire Neptune Energy

Eni S.p.A. (BIT:ENI) commences an Equity Buyback Plan for 337,000,000 shares, for €3,500 million, under the authorization approved on May 10, 2023.

Upcoming dividend of €0.22 per share at 6.6% yield

Eni S.p.A. Appoints Claudio Descalzi as Chief Executive Officer

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Now 22% undervalued after recent price drop

CEO, GM & Director recently bought €203k worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Eni Reportedly Discussing Green Unit Stake Sale with Norwegian Fund

Now 20% undervalued

Eni S.p.A., Annual General Meeting, May 10, 2023

Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in Two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €410 million.

Now 21% undervalued

Plenitude Reportedly Close to Buying PLT Energia

Upcoming dividend of €0.22 per share

CEO, GM & Director recently sold €810k worth of stock

Eni S.P.A. Announces Approval of 2022 Second Tranche of Dividend, Payable on 23 November 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

PTTEP MENA Limited agreed to acquire 25% stake in Sharjah Onshore Area A exploration block from Eni S.p.A.

Consensus forecasts updated

Upcoming dividend of €0.22 per share

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age