Set on diversifying energy sources’ geographic mix, Eni joins peers in posting bumper profits in 2022

Italy’s energy giant Eni has more than doubled its annual profit in 2022, driven by elevated oil and gas prices and higher energy demand, especially in Europe, where the oil major contributed to strengthening energy security amid the gas crunch due to the Ukraine crisis. In addition, the Italian player has unveiled a strategic plan forward, which puts the diversification of energy sources’ geographic mix at its core.