Investor Presentation
FINANCIALS
TECHNOLOGY
ENERGY EVOLUTION
NATURAL RESOURCES
INTRO
E&P OUTLOOK
VALUE CREATION: HIGH QUALITY BARRELS WITH LOW EMISSIONS
UPSTREAM PRODUCTION
~3-4% CAGR (2022-2026)
Mboed
~3-4%
UPSTREAM NET GHG SCOPE 1+2
EMISSIONS vs PRODUCTION
indexed
~800kboed
1.64-1.66
1.61
new production
100
-65%
NET CARBON FOOTPRINT (scope
1+2) by 2025 (vs 2018)
ORGANIC FCF* PER BARREL
(@constant 2023 scenario)
$/boe
12
+20%
2022
2023
2023
2026
2022
2023
Production
2024
2025
Net Emissions
2026
FCF pre working capital
AVG 2023-2026:
~1.5 $/boe
UNIT EXPLORATION COST
~75% lower than industry in the last 10 years*
2023-2026:
2.2 bln boe
EXPECTED EQUITY RESOURCES
of which 60% gas
12 *Including viable and sold resources. Data refer to 2012-2021 performances. Source: Wood Mackenzie
2023-2026:
2.1 € bln
EXPLORATION CAPEX
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