v3.26.1
Current and non-current inventories
12 Months Ended
Dec. 31, 2025
Current and non-current inventories  
Current and non-current inventories

9 Current and non-current inventories

 

Current inventories are disclosed as follows:

(€ million)

December 31, 2025

December 31, 2024

Raw and auxiliary materials and consumables

1,001

1,436

Components and spare parts for drilling operations, plans and equipment

1,288

1,721

Semi-finished, finished products and goods

2,816

3,092

Other

38

10

Current inventories

5,143

6,259

 

Raw and auxiliary materials and consumables included oil-based feedstock and other consumables pertaining to refining and chemical activities.

 

Components to be consumed in drilling activities and maintenance of plants and infrastructure of the Exploration & Production segment amounted to €1,257 million (€1,685 million at December 31, 2024).

 

Semi-finished, finished products and goods included stocks of natural gas and oil products for €2,141 million (€2,164 million at December 31, 2024) and chemical products for €617 million (€742 million at December 31, 2024).

 

Inventories are stated net of write-down provisions of €656 million (€567 million at December 31, 2024).

 

Non-current inventories of €1,187 million (€1,595 million at December 31, 2024) are held for compliance purposes and related to Italian subsidiaries for €1,165 million (€1,575 million at December 31, 2024) in accordance with minimum stock requirements for oil and petroleum products set forth by applicable laws.