On November 21, 2024, Petrobras' Board approved the Strategic Plan 2050 and Business Plan 2025-2029. The SP 2050 aims for Petrobras to be a leading diversified energy company by 2050, focusing on sustainability and low-carbon initiatives. The BP 2025-29 outlines $111 billion in investments, with $98 billion for ongoing projects and $13 billion for new opportunities.Petrobras plans to increase oil and gas production to 3.2 million boed by 2029, focusing on low-cost, low-carbon operations. The company aims to maintain its energy supply share in Brazil and achieve operational emissions neutrality by 2050. Investments in energy transition total $16.3 billion, representing 15% of total CAPEX.Financially, Petrobras targets a flexible capital structure with cash generation exceeding investments. The gross debt limit is set at $75 billion, with projected dividends of $45-55 billion. The plans emphasize Petrobras' commitment to a just energy transition and sustainable growth.

On November 21, 2024, Petrobras' Board approved the Strategic Plan 2050 and Business Plan 2025-2029. The SP 2050 aims for Petrobras to be a leading diversified energy company by 2050, focusing on sustainability and low-carbon initiatives. The BP 2025-29 outlines $111 billion in investments, with $98 billion for ongoing projects and $13 billion for new opportunities.Petrobras plans to increase oil and gas production to 3.2 million boed by 2029, focusing on low-cost, low-carbon operations. The company aims to maintain its energy supply share in Brazil and achieve operational emissions neutrality by 2050. Investments in energy transition total $16.3 billion, representing 15% of total CAPEX.Financially, Petrobras targets a flexible capital structure with cash generation exceeding investments. The gross debt limit is set at $75 billion, with projected dividends of $45-55 billion. The plans emphasize Petrobras' commitment to a just energy transition and sustainable growth.