Plenitude: A Journey of Growth slide image

Plenitude: A Journey of Growth

ENERGY EVOLUTION NATURAL RESOURCES INTRO SUPERIOR UPSTREAM PORTFOLIO FEEDING OUR GROWTH FOCUS ON EFFICIENCY & COMPETITIVENESS Rolling averages of technical costs ($/BOE)* 40 2018-20 2019-21 2020-22 UNEQUALLED PAST AND PRESENT QUALITY OF ASSETS Impairments reported in 2017-2022 (B$) 30 50 ADDING HIGH VALUE RESERVES DNCF/BOE OF PROVED RESERVES, AVG 2018-22 ($/BOE) 8.8 FINANCIALS TECHNOLOGY 11 <24 HIGH-QUALITY OF PORTFOLIO with lowest technical costs in the sector with a flat trend Peer 7 4.5 Peer 6 Peer 5 Peer 4 Peer 3 Peer 2 Peer 1 Peer 7 A RESILIENT PORTFOLIO regularly stress tested with lowest carbon scenario *Based on company disclosed data adjusted for consistent comparison basis. Peers include BP, Chevron, ConocoPhillips, Equinor, Exxon Mobil, Shell and Total Energies. Discounted Net Cash flow data are after tax amounts. Impairment data are net pre-tax amounts. Source: annual reports or quarterly result announcements (perimeters may differ from peer to peer). Peers for impairments and DCNF/boe include BP, Chevron, ConocoPhillips, Equinor, ExxonMobil, Shell and TotalEnergies. 7.6 Eni Peers FAST, COMPETITIVE AND SUSTAINABLE
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