Porter's Five Forces for Eni
About Eni
Eni S.p.A., headquartered in Rome, stands as a prominent Italian multinational energy corporation and a global "supermajor" oil entity. Initially an acronym for "Ente Nazionale Idrocarburi" (National Hydrocarbons Board), Eni has expanded its reach into various sectors, including contracting, nuclear power, mining, chemicals, plastics, refining, and hospitality. As Italy's largest petroleum company, the second-largest in the European Union (after TotalEnergies), and the 13th largest globally, Eni continues to shape the energy landscape. Notably, in October 2023, Eni secured a substantial 27-year LNG supply deal with QatarEnergy, reaffirming its commitment to strategic partnerships in the dynamic energy sector. With a legacy dating back to its 1953 foundation by Agip, Eni's diverse portfolio reflects its ongoing commitment to innovation, sustainability, and meeting the world's evolving energy needs.
Porter’s Five Forces Model
An analysis of ENI can be used to determine market demand and competition. Porter's Five Forces competitive model, illustrates the competitive landscape and provides useful insights for formulating successful approaches. The five forces at work in a competitive environment are depicted in the following diagram: