{
  "docId": "019dd923-5e88-73ef-bd5e-665a0e4af665",
  "docSlug": "67c6fd5ad05690e8",
  "documentTitle": "2026 Capital Markets Update",
  "authorId": "ENI",
  "authorName": "Eni",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 21,
  "pageCount": 61,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": "Includes a photo of two executives and corporate logos.",
  "elementsJson": [
    "headline_text",
    "bar_chart_vertical",
    "bar_chart_stacked",
    "callout_box",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5e-665a0e4af665/21",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5e-665a0e4af665",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5e-665a0e4af665.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5e-665a0e4af665#slide-21",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "14% CAGR CFFO/share 2026-30",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-6679-74c5-a1cd-eb652318b8a7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.15,
        "x": 0.27,
        "y": 0.22
      },
      "kind": "chart",
      "text": "FCF 2026-30 | € bln",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d346097b-7a3c-4c0e-858d-95e89b6e8f74",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.18,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "chart",
      "text": "CFFO GROWTH | € bln",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f8251ca6-ba8c-46ed-8414-d67bb1576673",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.01,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "Net Capex calculated on a pro-forma basis. Free Cash Flow considered is organic and before changes in working capital.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cbd9a363-2603-4b16-8211-2ec300845ae3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.27,
        "x": 0.73,
        "y": 0.55
      },
      "kind": "image",
      "text": "Two executives shaking hands",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9fdece06-0e99-4a84-9566-167d3dffb7b6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.15,
        "x": 0.51,
        "y": 0.22
      },
      "kind": "list",
      "text": "2026 SCENARIO: $70/bbl Brent, €36/MWh TTF, $6/bbl SERM, €/$ 1.15 Exchange rate",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bb172812-e73e-44b7-84e7-4a2b7f55141b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "CFFO/share CAGR: 14%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-6679-74c5-a1cd-edae5c95da7c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.2,
        "x": 0.78,
        "y": 0.11
      },
      "kind": "paragraph",
      "text": "14% CAGR CFFO/share 2026-30; High-quality upstream portfolio; New phase of development in transition businesses; Continued disciplined investment & portfolio high-grading; Improved margin capture; PERFORMANCE IMPROVEMENT: Versalis reaching EBIT breakeven during 2028; €2.3 bln corporate simplification & cost management target raised",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9d3a0292-8eed-4bb3-be70-00b524f7ccfd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.35,
        "x": 0.11,
        "y": 0.11
      },
      "kind": "title",
      "text": "BUSINESSES DRIVE EFFICIENT FINANCIAL GROWTH",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8398d9c0-a762-4ceb-a0f5-d26ac90a1d42",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.11,
        "y": 0.06
      },
      "kind": "title",
      "text": "CASH FLOW & RETURNS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "944985d2-a738-4ba7-ad17-fb888927324b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 30,
      "from": 21,
      "beatId": "02ab3f33-1de5-4879-a629-97942c5eea22",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "The document provides evidence and proof of Eni's performance and progress.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}