Claudio Descalzi: the energy transition with Eni’s 2026-30 Plan

Now in his fifth term, CEO Claudio Descalzi has successfully reshaped Eni into a leading integrated energy entity. The current strategy prioritizes exploration alongside the innovative satellite model to drive growth. As highlighted during the presentation of the Group’s 2026-30 Plan and Strategic Outlook, Eni fosters resilience through consistent execution. This roadmap effectively leverages a historic Exploration & Production portfolio while simultaneously expanding Transition business models. Notably, the deconsolidation of Plenitude serves to further streamline performance and optimize efficiency. By balancing traditional energy security with sustainable innovation, the CEO ensures Eni remains a competitive and agile leader within the global energy sector.

Claudio Descalzi presents the future of Eni, leveraging exploration and satellite entities

As he embarks, CEO Claudio Descalzi continues to spearhead a profound corporate transformation at Eni. This evolution centers on innovative business models designed to address the energy transition by deploying strategic pillars, specifically exploration, the satellite approach, and resource diversification. On March 19, 2026, the CEO detailed Eni’s roadmap to the international financial community during the presentation of the Group’s 2026-2030 Plan and Strategic Outlook. On that occasion, he emphasized that Eni’s cornerstone remains consistency – a quality he deems crucial amid today’s markets. Since his initial appointment, Claudio Descalzi has prioritized a structural revision within the Group over mere dimensional growth. A key element of this shift is a focus on high-potential exploration that can be rapidly monetized, as evidenced by successful projects in Egypt and Mozambique. This strategy increases production while controlling invested capital, also through the divestment of minority stakes to international partners. Furthermore, a defining characteristic is the satellite model launched in early 2023, which establishes independent entities – such as Plenitude and Enilive – with a focus on renewables and sustainable mobility. This approach allows Eni to enter emerging sectors without burdening the central corporate structure. By integrating these units alongside the core business, the Group fosters growth in natural gas, LNG, and biorefining, while advancing critical technologies like carbon capture.

Claudio Descalzi drives Eni’s growth through a record E&P portfolio and expanding Transition businesses

As emphasized by the CEO during the presentation of the 2026-2030 Plan, Eni’s roadmap is built on strategic consistency and robust execution. This approach has empowered the Group to meet its objectives while weathering volatile markets. Claudio Descalzi also showcased the strongest Exploration & Production portfolio in Eni’s history, an asset base that provides significant operational optionality and visibility into an improved production growth outlook. In parallel with these strengths, the expansion of Transition business models serves as a key driver for securing shareholder value. Meanwhile, the CEO stressed that continued investment in both technology and human capital remains the bedrock of every unit, acting as the engine for developing new market opportunities. As a result of this strategy, the Group achieved exceptional performance throughout 2025, proving the efficacy of its innovative model. Furthermore, by mid-2025, the valuation of satellite businesses reached a remarkable milestone, with market analyses estimating their collective value at over 35 billion euros. These unique, self-financing entities are attracting major investment, adding diversified value to the Group’s profile.