Petrobras has approved its Strategic Plan 2050 and Business Plan 2025-2029, committing to total investments of US$111 billion, marking a 9% increase from the previous plan. The investment includes US$98 billion for projects under implementation and US$13 billion for projects under evaluation. The company aims to achieve total production of 3.2 million barrels of oil and gas equivalent per day by 2029, with 2.5 million barrels of oil per day.The plan allocates US$77.3 billion to Exploration and Production, with 60% directed to pre-salt assets. US$19.6 billion is designated for Refining, Transportation, Marketing, Petrochemicals and Fertilizers, representing a 17% increase from the previous plan. The company plans to expand its refining capacity from 1.81 million to 2.1 million barrels per day.Notably, US$16.3 billion (15% of total CAPEX) is dedicated...Show More

Petrobras has approved its Strategic Plan 2050 and Business Plan 2025-2029, committing to total investments of US$111 billion, marking a 9% increase from the previous plan. The investment includes US$98 billion for projects under implementation and US$13 billion for projects under evaluation. The company aims to achieve total production of 3.2 million barrels of oil and gas equivalent per day by 2029, with 2.5 million barrels of oil per day.The plan allocates US$77.3 billion to Exploration and Production, with 60% directed to pre-salt assets. US$19.6 billion is designated for Refining, Transportation, Marketing, Petrochemicals and Fertilizers, representing a 17% increase from the previous plan. The company plans to expand its refining capacity from 1.81 million to 2.1 million barrels per day.Notably, US$16.3 billion (15% of total CAPEX) is dedicated to energy transition initiatives, a 42% increase from the previous plan. Petrobras maintains its commitment to achieving operational emissions neutrality by 2050 and projects US$45-55 billion in ordinary dividends in the base case, with flexibility for extraordinary payments. The company aims to maintain its 31% share of Brazil's primary energy supply while expanding into low-carbon businesses.