ENI S.p.A. (E) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.198 Good afternoon, ladies and gentlemen, and welcome to ENI's 2025 First 00:00:05.198 -- 00:00:08.322 Quarter Results Conference Call hosted by Mr. 00:00:08.322 -- 00:00:12.467 Francesco Gattei, Chief Transition and Financial Officer. 00:00:12.467 -- 00:00:15.751 For the duration of the call, you will be in listen-only mode. 00:00:15.751 -- 00:00:20.257 However, at the end of the call, you will have the opportunity to ask questions by pressing 00:00:20.257 -- 00:00:24.963 star and 1 on your telephone keypad. Should anyone need assistance during the conference 00:00:24.963 -- 00:00:29.478 call, they may signal an operator by pressing star and 0 on your telephone. 00:00:29.478 -- 00:00:34.123 I am now handing you over to your host to begin today's conference. 00:00:34.123 -- 00:00:34.623 Thank you. 00:00:34.623 -- 00:00:36.024 Thank 00:00:36.024 -- 00:00:41.029 you. Good afternoon. Our February capital market update emphasized the 00:00:41.029 -- 00:00:46.713 speed and scale at which we had been progressing our strategy. 00:00:47.155 -- 00:00:52.460 Quarter 1 maintained that pace and recent events have confirmed why our clarity 00:00:52.460 -- 00:00:56.224 of strategic view and speed of action is so critical. 00:00:56.224 -- 00:01:01.201 We are creating value leveraging our competitive strengths in the upstream, strengthening 00:01:01.201 -- 00:01:06.310 and diversifying the company, fixing and then performing activities, materially 00:01:06.310 -- 00:01:11.439 strengthening our balance sheet, all while offering a competitive and resilient return 00:01:11.439 -- 00:01:14.060 to investors. 00:01:16.688 -- 00:01:21.200 Reviewing the important strategic highlights of the quarter and year-to-date. 00:01:21.200 -- 00:01:24.144 Growth is an i...