Rank: 17 (Previous rank: 27)
CEO: Paolo Scaroni
Address: Piazzale E. Mattei 1
Italy's biggest oil company relied on its newer fields in the Gulf of Mexico and the Congo to counter losses from vicious militant attacks at its Nigerian operations. ENI's earnings for the year, down by 6%, reflect the company's heavy reliance on crude prices. In the fourth quarter it reported its first quarterly loss in seven years after crude fell 69% from its high in July.
The company received good news for this year: Its 20% stake in Russia's troubled giant Gazprom was bought out by the natural gas monopoly, relieving investors who worried that ENI might have to cut its dividend to conserve cash amid the downturn.
Industry: Petroleum Refining
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|Company||2008 Number of Employees|
|China National Petroleum||1,618,393|