Petrobras's Board of Directors has approved its Strategic Plan 2050 and Business Plan 2025-2029, outlining total investments of $111 billion, marking a 9% increase from the previous plan. The company aims to maintain its position as Brazil's primary energy supplier while targeting carbon neutrality by 2050. The plan allocates $98 billion for projects under implementation and $13 billion for projects under evaluation.The investment strategy includes $77.3 billion for Exploration and Production, with 60% dedicated to pre-salt assets. The company plans to achieve total production of 3.2 million barrels of oil and gas equivalent per day by 2029. Additionally, $19.6 billion is allocated to Refining, Transportation, Marketing, Petrochemicals and Fertilizers, representing a 17% increase from the previous plan.Notably, $16.3 billion (15% of total CAPEX) is dedicated to energy transition initiatives, a 42% increase from the previous plan. The company projects $45-55 billion in ordinary dividends under the base case scenario, with potential for extraordinary payments. Petrobras has also revised its gross debt limit to $75 billion, aiming for a more efficient capital structure while maintaining low leverage in challenging scenarios.

Petrobras's Board of Directors has approved its Strategic Plan 2050 and Business Plan 2025-2029, outlining total investments of $111 billion, marking a 9% increase from the previous plan. The company aims to maintain its position as Brazil's primary energy supplier while targeting carbon neutrality by 2050. The plan allocates $98 billion for projects under implementation and $13 billion for projects under evaluation.The investment strategy includes $77.3 billion for Exploration and Production, with 60% dedicated to pre-salt assets. The company plans to achieve total production of 3.2 million barrels of oil and gas equivalent per day by 2029. Additionally, $19.6 billion is allocated to Refining, Transportation, Marketing, Petrochemicals and Fertilizers, representing a 17% increase from the previous plan.Notably, $16.3 billion (15% of total CAPEX) is dedicated to energy transition initiatives, a 42% increase from the previous plan. The company projects $45-55 billion in ordinary dividends under the base case scenario, with potential for extraordinary payments. Petrobras has also revised its gross debt limit to $75 billion, aiming for a more efficient capital structure while maintaining low leverage in challenging scenarios.