Eni has stuck to its targets despite revealing a worse-than-expected loss in the third quarter of this year.
It comes as a result of lower oil prices combined with a domestic production shutdown.
The company said it had adjusted net loss in the quarter of €434million.
The Italian oil major also confirmed it would cut investments this year by 20% and said it expected oil and gas output for the year to be substantially in line with 2015.
Chief executive Claudio Descalzi said: “The strategies and targets of the group, including disposals, are confirmed.”
Eni said it is looking to raise a total of €5billion in asset sales over the next two years to help fund growth.
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