Thursday, June 16, 2011

ENI (Italy)

8. ENI (Italy)
Sales: 158.32 Profits: 12.91 Assets: 278.44 Market value: 135.10

Italy’s largest industrial company has interests across the hydrocarbons industry and produces around 1.7 million barrels per day of oil equivalent. The Italian government still has a 38% golden share in the company and has come under criticism from other members of the European Union for the over zealous exercising of its power of veto.

Fact: AGIP, a subsidiary of Eni managed to break the monopoly of the major oil companies in the 1950s by offering the producer countries a contract where they received a share of the profits.

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