Strategy and Objectives

Solid perspectives, positive outcomes

The pillars of the
2025-2028 Strategic Plan

Saipem’s Strategic Plan for 2025-2028,approved on 24 February 2025, is based on 4 pillars:

Execution Excellence
Capitalising on Oil&Gas upstream upcycle
New paradigm for Onshore E&C and PMC services offering
Broaden offering in Energy Transition

These four pillars are supported by three cornerstones: a clear and disciplined capital allocation, with investment-grade credit rating target, corporate simplification and operational flexibility and continuous improvement in HSE.

Excellence in execution

Saipem has always been committed to delivering projects awarded by its clients on time and within budget, while placing the highest priority on HSE aspects. This is achieved through the deployment of a state of the art fleet, an execution driven engineering approach, and the use of modularization as a key tool to mitigate execution risk.

31.5 billion/€
Backlog as of 31st December 2025
13 billion/€
2025 order intake

Capitalising on Oil&Gas upstream upcycle

Saipem’s strategic objective is to enter new, high‑potential markets within the Oil & Gas sector and to further strengthen its market positioning in the areas where Saipem already has a well‑established presence.

54 billion/€
E&C opportunities relevant to Saipem within the next 18 months (as of February 2026)
60%
quota of new orders expected in Offshore E&C

New paradigm for Onshore E&C and PMC services offering

The pillar is built on a “value over volume” approach, reduced risk exposure within contractual frameworks, growth in the Operation & Maintenance (O&M) business as a source of recurring revenues, and an increasing share of Project Management Consulting (PMC) services.

≈ 6 billion/€
Energy Carriers business line 2025 revenue
3%
incidence of O&M projects on total backlog as of 31 December 2025

Broaden offering in Energy Transition

Saipem aims to expand its offering in energy transition, focusing on some key segments in particular: CO₂ management, Green & Blue Solutions, biofuels, Sustainable Aviation Fuels, LNG, and offshore wind. The company is also exploring new opportunities in geothermal energy, further strengthening its role in decarbonization and sustainable energy.

14%
Low / Zero Carbon projects in backlog as of 31 December 2025
3
proprietary technologies in the Low / Zero Carbon field

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FY 2024 Results and Strategy Update

pdf - 02-2025

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Saipem FY 2025 Results Presentation

pdf - 02-2026

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