17 of 500

17. ENI

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Financials: Latest Results

Rank: 17 (Previous rank: 27)
CEO: Paolo Scaroni
Employees: 78,880
Address: Piazzale E. Mattei 1
Rome, 144
Country: Italy
Website: www.eni.it

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.

	$ millions	% change from 2007
Revenues	159,348.5	32.2
Profits	12,917.0	-5.7
Assets	162,060.1	—
Stockholders' equity	61,766.0	—

Profits as % of
Revenues	8.1
Assets	8.0

Industry: Petroleum Refining

Rank	Company	Global 500 rank	Revenues ($ millions)
1	Royal Dutch Shell	1	458,361.0
2	Exxon Mobil	2	442,851.0
3	BP	4	367,053.0


4	Chevron	5	263,159.0
5	Total	6	234,674.1
6	ConocoPhillips	7	230,764.0
7	Sinopec	9	207,814.5
8	China National Petroleum	13	181,122.6
9	ENI	17	159,348.5
10	PDVSA	27	126,364.0
11	Valero Energy	33	118,298.0
12	Petrobras	34	118,257.0
13	Statoil Hydro	36	116,210.9
14	Lukoil	65	86,340.0
15	SK Holdings	72	80,810.4
16	Repsol YPF	76	79,176.6
17	Petronas	80	76,965.4
18	Marathon Oil	86	73,504.0
19	Nippon Oil	101	64,197.5
20	Indian Oil	105	62,993.2
21	PTT	118	59,984.6
22	Sunoco	141	51,652.0
23	Rosneft Oil	158	46,985.0
24	Hess	184	41,094.0
25	Nippon Mining Holdings	203	37,532.6
26	OMV Group	206	37,386.3
27	GS Holdings	213	36,502.8
28	TNK-BP Holding	234	34,668.0
29	Idemitsu Kosan	244	33,521.5
30	Cepsa	246	33,417.4
31	PKN Orlen Group	249	33,043.0
32	Reliance Industries	264	31,792.3
33	Showa Shell Sekiyu	266	31,664.0
34	Bharat Petroleum	289	29,989.0
35	Cosmo Oil	293	29,710.3
36	CPC	306	28,451.9
37	Hindustan Petroleum	311	28,247.3
38	Petroplus Holdings	316	28,047.6
39	Tesoro	317	28,031.0
40	Formosa Petrochemical	323	27,769.3
41	Suncor Energy	325	27,680.5
42	Murphy Oil	326	27,512.5
43	Petro-Canada	340	26,054.5
44	Galp Energia	414	22,230.4
45	S-Oil	441	21,019.9
46	Mol Hungarian Oil & Gas	449	20,644.3
47	Israel Corp.	466	19,802.0
48	Caltex Australia	467	19,769.7
49	Neste Oil	481	19,298.7

See all

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From the July 20, 2009 issue

Figures prepared in accordance with International Accounting Standards.
Excise taxes have been deducted.

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Top 3

Rank # of Global 500 Companies
U.S.	140
Japan	68
France	40

See the rest

Company	2008 Number of Employees
Wal-Mart Stores	2,100,000
China National Petroleum	1,618,393
State Grid	1,537,000

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Company	2008 Profits ($ millions)
Exxon Mobil	$45,220
Gazprom	$29,864
Royal Dutch Shell	$26,277

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