Eni

Eni S.p.A. is an Italian multinational oil and gas company, present in 79 countries, and currently Italy's largest industrial company with a market capitalization of 87,7 billion euros (US$138 billion), as of July 24, 2008.The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 2.29% of the shares are held by BNP Paribas group.Eni is classified by sales as "supermajor" together with BP, Chevron, ExxonMobil,ConocoPhillips, Shell and Total S.A.Despite initial postwar plans to break up Agip, administrator Enrico Mattei converted it to a state monopoly, renamed Eni. The name derives from the initials of the company's original full title Ente Nazionale Idrocarburi, but is no longer used as an acronym. It was also known as United Refineries at around this time on the odd occasion. The Italian Government authorized its establishment on February 10, 1953 in order to implement a national energy strategy based on the concentration of all the activities in the energy sector into one group. Eni was to supply energy to Italy and contribute to the country's industrial development.The head of Eni, Mattei, a center left politician, had developed cooperation with communist countries, and the import of oil from the Soviet Union became an important part of Eni's operations. At the same time, Eni was involved in a series of high profile political corruption scandals.In the 1960s, Eni was to build an oil refinery on Canvey Island, Essex, England, although this never went into construction due to heavy protests.Its crude oil production comes primarily from Libya, Egypt, Nigeria, the Congo, the North Sea, and Angola, with smaller amounts of crude oil production in Tunisia and in the United States. Eni's China production began in 1992, although it currently amounts to only 1% of Eni's total crude oil production.In 2007, oil and natural gas production for the full year averaged 1.74 millions boe per day, making Eni Europe's third largest refiner, after Royal Dutch Shell and Total S.A..Eni carried out several hydrocarbon discoveries in recent years; the main discoveries were made in: Angola, Brazil, Congo, Egypt, Indonesia, Nigeria, Norway, Pakistan, Scotland, the Gulf of Mexico and Alaska. In 2007, a total of 81 new exploratory wells were drilled (43.5 of which represented Eni's share). Moreover, the company acquired oil and gas assets in the Gulf of Mexico from Dominion Resources and in onshore Congo from Maurel & Prom with total expenditures amounting to €4.52 billion.In January 2010 a consortium led by Eni was awarded a license to develop the Zubair field, one of the largest oil fields in Iraq.

Net income €6.860 billion (2011)
Total assets €142.94 billion (2011)