1926 CE
AGIP Founded as State Oil Company
The Azienda Generale Italiana Petroli (AGIP) is founded, later becoming part of Eni. #history
Chronological Storyline (44 Milestones)
1953 CE
Eni Founded as Ente Nazionale Idrocarburi
Eni is established by Italian law, with Enrico Mattei as its first president, to manage the country's hydrocarbon resources. #energy #history
By Rocielma - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=38941767
1954 CE
Major Gas Discovery at Cortemaggiore
Eni discovers the Cortemaggiore gas field in the Po Valley, providing a domestic energy source. #oilgas #exploration
1955 CE
Eni Acquires Control of AGIP
Eni takes over Azienda Generale Italiana Petroli (AGIP), integrating its upstream operations. #acquisition
By 罗布泊 - https://web.archive.org/web/20161027193413/http://www.panoramio.com/photo/97204928, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=56967490
1956 CE
Historic Oil Agreement with Iran
Enrico Mattei signs a pioneering 50-50 profit-sharing agreement with Iran, bypassing Western majors. #international #oil
1958 CE
Oil Discovery in Egypt
Eni discovers oil in Egypt, marking its first major find outside Italy. #exploration
1959 CE
Eni's First Major Pipeline: Central European Line
Eni builds a pipeline linking the Po Valley to Central Europe, boosting gas exports. #infrastructure
1962 CE
Enrico Mattei Dies in Plane Crash
Enrico Mattei is killed in a mysterious plane crash, leading to a leadership vacuum. #history #mystery
By Unknown author - ilpost.it, Public domain, https://commons.wikimedia.org/w/index.php?curid=124638660
1963 CE
Eugenio Cefis Becomes President
Eugenio Cefis succeeds Mattei, steering Eni into petrochemicals and refining. #leadership
1965 CE
Snamprogetti Established
Eni creates Snamprogetti as its engineering and services subsidiary for major projects. #engineering
1968 CE
Oil Discovery in Nigeria
Eni discovers significant oil reserves in Nigeria, expanding into Sub-Saharan Africa. #exploration
1973 CE
1973 Oil Crisis Impact
The oil crisis boosts Eni's profits but highlights Italy's energy vulnerability. #oilcrisis
By Isochrone - Own work using: Spot Crude Oil Price: West Texas Intermediate (WTI), Dollars per Barrel, Monthly, Not Seasonally Adjusted WTI Spot Crude Oil Price, via the Federal Reserve Bank of St. Louis Inflation adjusted using: CPI Average, via the Federal Reserve Bank of St. Louis, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=156152880
1975 CE
Entry into Nuclear Energy (Short-lived)
Eni invests in nuclear power but exits after Italy's 1987 referendum. #energy
1978 CE
Eugenio Cefis Resigns
Cefis resigns under controversy, succeeded by Prospero De Stefanis. #leadership
1983 CE
Entry into Chemicals Sector
Eni expands into chemicals through ENI Chimica, moving beyond oil and gas. #diversification
1990 CE
Eni's Role in Kuwait Oil Fires Extinguishing
Eni contributes technical teams to extinguish oil well fires after the Gulf War. #environment
1992 CE
Eni Transformed into Eni SpA
Eni is converted into a joint-stock company under Law 481/1992, paving the way for privatization. #privatization
1995 CE
Initial Public Offering on Borsa Italiana
Eni is partially privatized through an IPO on the Milan Stock Exchange. #finance #ipo
1996 CE
Listing on New York Stock Exchange
Eni lists on NYSE, gaining access to international capital markets. #finance #stockmarket
1998 CE
Acquisition of BP's Italian Assets
Eni buys BP's downstream assets in Italy, strengthening its refining network. #acquisition
2000 CE
Acquisition of Enterprise Oil
Eni acquires Enterprise Oil for $7.8 billion, becoming a major global player. #acquisition #growth
2001 CE
Acquisition of Burmah Castrol Fuels Business
Eni buys Burmah Castrol's Italian fuel operations, expanding its downstream presence. #acquisition
2002 CE
Acquisition of Edison's Gas Assets
Eni buys Edison's gas businesses, increasing its Italian market share. #acquisition
2005 CE
Paolo Scaroni Becomes CEO
Paolo Scaroni is appointed CEO, leading Eni through a phase of international growth and restructuring. #leadership
By Alexey Druzhinin / Government.ru - Prime Minister Vladimir Putin meets with executives of the Italian company Eni (4,256 × 2,832 image), CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=20297944
2007 CE
Discovery of the Kashagan Oil Field Stake
Eni acquires a stake in Kazakhstan's Kashagan field, one of the world's largest oil discoveries. #discovery
2008 CE
Launch of Eni's Global Strategy Review
Eni unveils a five-year plan focusing on exploration and production in Africa and Asia. #strategy
2009 CE
Discovery of the Zohr Gas Field
Eni discovers the Zohr gas field offshore Egypt, the largest in the Mediterranean. #discovery #gas
By Max Roser - Our World in Data: https://ourworldindata.org/grapher/energy-consumption-by-source-and-region?stackMode=absolute&country=~EGY, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=115808852
2010 CE
Deepwater Horizon Spill Aftermath
Eni reviews safety protocols after the Macondo disaster, emphasizing deepwater operations. #safety
By NASA/GSFC, MODIS Rapid Response AND demis.nl AND FT2 - 1/ File:Deepwater Horizon oil spill - May 24, 2010.jpg (based upon Original image with cropping)2/ Locator by FT2 from File:Map of USA topological.png (Public domain by author demis.nl)., Public domain, https://commons.wikimedia.org/w/index.php?curid=10671450
2011 CE
Sale of Snam Rete Gas Stake
Eni reduces its stake in Snam Rete Gas to comply with EU unbundling requirements. #regulation
2012 CE
Acquisition of a Stake in Mozambique LNG
Eni takes a stake in the Mozambique liquefied natural gas project, expanding LNG portfolio. #lng
2013 CE
Snam S.p.A. Spin-off
Eni spins off its gas transmission subsidiary Snam, streamlining operations. #restructuring
By Giovagua - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=186888647
2014 CE
Claudio Descalzi Appointed CEO
Claudio Descalzi becomes CEO, focusing on cost efficiency and renewable energy. #leadership
By Marino Paoloni - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=129415446
2015 CE
Oil Price Crash Impact
Crude oil prices plummet, forcing Eni to cut costs and delay projects. #oilprices
By Wikideas1 - Own work https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCESTUS1&f=W, Public domain, https://commons.wikimedia.org/w/index.php?curid=120238738
2016 CE
Reorganization into Dual Operating Model
Eni restructures into Exploration & Production and Gas & Power divisions. #restructuring
2017 CE
Announcement of Net Zero Target by 2050
Eni pledges to achieve net-zero carbon emissions by 2050, embracing energy transition. #sustainability
2018 CE
Launch of Eni's Green Refinery Project
Eni converts a refinery in Venice into a biorefinery for producing biofuels. #renewables
2019 CE
Agreement to Sell Stake in ADNOC Drilling
Eni signs a deal to acquire a stake in Abu Dhabi's offshore oil fields, expanding in the UAE. #expansion
2020 CE
COVID-19 Pandemic Impact on Oil Demand
Global lockdowns slash oil demand, forcing Eni to cut spending and adjust strategy. #pandemic
By Gustavo Basso - https://www.flickr.com/photos/gustavocb/49913440386, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=112916636
2021 CE
Renewable Energy Capacity Expansion Target
Eni sets a target of 60 GW of renewable capacity by 2050, accelerating investment in solar and wind. #renewables
2022 CE
Russia-Ukraine War and Energy Crisis
The conflict disrupts European gas markets; Eni secures alternative supplies from Africa. #energysecurity
2023 CE
Eni Acquires Neptune Energy's Norwegian Assets
Eni buys Neptune's Norwegian portfolio for $4.9 billion, strengthening North Sea position. #acquisition
2024 CE
Launch of Eni's First Green Hydrogen Plant
Eni inaugurates a green hydrogen production facility in Italy, advancing decarbonization. #hydrogen
2025 CE
Eni Reports Record Profits Amid High Oil Prices
Eni posts record net income of €15 billion, driven by soaring energy prices. #finance
2025 CE
Eni SpA Achieves €200 Billion Market Cap
Eni's market capitalization surpasses €200 billion, reflecting strong performance and investor confidence. #finance #stockmarket