Q3 2022 Eni SpA Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Eni's 2022 Third Quarter Results Conference Call. For the duration of the call, you will be in listen-only mode. (Operator Instructions)
The call will be hosted by Mr. Francesco Gattei, Chief Executive Officer. I am now handing you over to your host to begin today's conference. Thank you.
Okay. Thank you. Good afternoon. Welcome to Eni Third Quarter and 9 Months 2022 Results Conference Call. The world and the energy markets, in particular, continue to be impacted by very significant geopolitical events, uncertain economic conditions and volatility. This would be challenging upfront, but we are also continuing to deal with the legacy of the pandemic on supply chains, the long duration energy transition and the deep cyclical legacy of 7, 8 years of underinvestment. In that context, we are delighted with the -- how Eni is delivering on its strategic and financial objectives, while managing the evident risks.
In the last quarter, oil price fell from the level
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