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Investor Presentaiton

LOW CARBON FAST TRACK FROM DISCOVERY TO PRODUCTION FROM TRADITIONAL ... CAPEX PRODUCTION MORE ROBUST ECONOMICS Phased and fast developments improve Rate of Returns with reduced industrial risks DISCOVERY 6 HIGHLY RESILIENT VS SCENARIO Shorter investment cycles allow to reduce medium-long term price scenarios uncertainties LOWER FINANCIAL EXPOSURE Revenues from early phase production to finance other phases & energy transition initiatives ... TO FAST TRACK Anticipated Start Up DISCOVERY FREE CASH FLOW Start Up HIGH FINANCIAL EXPOSURE LOW FINANCIAL EXPOSURE FREE CASH FLOW TIME TO MARKET FROM DISCOVERY TO PRODUCTION YRS. Industry* 3.5 3.1 6.6 Eni 2.2 2.2 4.4 | From discovery to FID From FID to Start-Up *Wood Mackenzie 2023
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