ENI S.p.A. (E) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to ENIS 2025 First Half Results Conference Call, hosted by Mr. Claudio Descalzi, Chief Executive Officer. For the duration of the call, you will be in listen-only mode. However, at the end of the call, you will have the opportunity to ask questions by pressing star and 1 on your telephone keypad. I am now handing you over to your host, to begin today's conference. Thank you. Thank you. Good afternoon and welcome to our Q2 2025 result presentation. I'm pleased to say that the strong and consistent pace of strategic progress we have set in transforming Haney has continued through the first half of 2025. Our speed of action is enabled by the clarity of our strategic intent. that can be summarized as, in upstream, delivering efficient competitive growth and improving the return of our portfolio, most notably through exploration success, active portfolio management, and organic production startups and ramp-ups. Integrating our equity gas production into LNG chain to maximize value, In particular, ENI is the leader in floating LNG, which provides an opportunity to unlock large amounts of resources in associated gas or from deep water, far from shore discoveries. In parallel, building new complementary and competitively advantaged energy business related to end-product decarbonization, such as ENI-LIVE, plenitude and CCS, transforming the downstream and chemicals, converting these businesses to new growth opportunities, such as our plan for Versailles, enhancing profitability and margin capture in areas such as trading to take benefit of more complex energy markets, and anticipating new trends, such as data center and nuclear fusion. Critically, our business initiatives are supported and improved by unique and innovative fin...