23 of 500
23. ENI
Financials: Latest Results
Rank: 23 (Previous rank: 24)
CEO: Paolo Scaroni
Employees: 79,941
Address: Piazzale E. Mattei 1
Rome  144
Country: Italy
Website: www.eni.it

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?
  $ millions % change from 2009
Revenues 131,756.0 12.4
Profits 8,367.9 37.9
Assets 176,916.5 --
Stockholders' equity 68,703.1 --
Profits as % of  
Revenues 6
Assets 4.7
From the July 25, 2011 issue
Figures prepared in accordance with International Accounting Standards.
Excise taxes have been deducted.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestl $32,843
Gazprom $31,895
Exxon Mobil $30,460
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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