Rank: 23 (Previous rank: 24)
CEO: Paolo Scaroni
Address: Piazzale E. Mattei 1
ENI was in a tough geographical spot when tensions in Libya this year threatened the local market for oil -- the company has had a long-standing relationship with the country. ENI also had to deal with a decline in European gas sales due to an oversupply in that market.
But the company is selling assets in an attempt to counter the risks it is facing. In 2010, it sold some of its oil and natural gas leases in Northern Italy, and it also sold shares in GreenStream BV, the company that manages the natural gas pipeline for Libyan fuel exports.
ENI is gung-ho for developing new energy resources, and it is willing to venture into areas where other companies are less willing to invest. ENI plans to launch projects at 15 new major oil fields within the next four years. In 2010, it entered Poland, Togo, the Gulf of Guinea and the Democratic Republic of Congo, the latter an area that other companies have avoided because of its political instability. --S.D.
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Is ENI a great company, or what?
|Company||2010 Number of Employees|
|China National Petroleum||1,674,541|