Investor Presentaiton

EXPLORATION THE ENGINE OF UPSTREAM COMPETITIVE ADVANTAGE NCS & NORTH SEA DISCOVERED RESOURCES I MBOE 820 900 700 750 400 2019 2020 2021 2022 2023 SIRTE BASIN BERKINE BASIN EAST MED NEW DISCOVERIES PRODUCTION FROM 2013-2022* IKBOED 500 TRANSFORM MARGIN GOM SURESTE BASIN ARABIC PLATFORM 400 KUTEI BASIN L. CONGO BASIN 300 200 100 OIL *Source: Wood Mackenzie. 7 0 -> GAS O&G 2013 2015 2017 2019 2021 2023 Eni Peers LEADING VALUE CREATION IN EXPLORATION >16 BBOE EQUITY RESOURCES DISCOVERED IN THE LAST 15 YEARS WITH 1.2 $/BOE UEC IN THE LAST 10 YEARS: 70% OF DISCOVERED RESOURCES IN PRODUCTION ~10 B€ FROM DUAL EXPLORATION MODEL TIME TO MARKET <4 YEARS FOR MAJOR DISCOVERIES TO PRODUCTION

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