Strategic Plan: what guides our decisions

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Ancora Nossa Trajetória

Our Path

Our 2050 Strategic Plan presents the journey we will take as a leading company in the just energy transition, reducing our greenhouse gas emissions, continuing to offer energy to Brazil, and ensuring that renewable energy plays an increasing role in our portfolio, in
order to contribute to the country’s energy security.

Ancora Visão, Propósito e Valores

Vision, purpose and values

Our vision represents a synthesis of what we want to be. Our purpose, on the other hand, represents the reason for our existence. Both of them are supported by our values, which represent our commitment to people, society, our partners, and shareholders.

Strategic drivers

Full attention to people
Focus on profitable Exploration & Production assets
Adequacy and improvement of the current refining park
Fair energy transition
Sustainable development of the country taking advantage of the productive chains
Global vanguard in energy transition

Our vision

To be the best diversified and integrated energy company in generating value, building a more sustainable world, reconciling the focus on oil and gas with diversification in low carbon businesses (including petrochemical products and fertilizers), sustainability, safety, respect for the environment, and full attention to people.

Our purpose

To provide energy that ensures prosperity in an ethical, fair, safe, and competitive manner.

Our values

Care for people
Integrity
Sustainability
Innovation
Commitment to Petrobras and the country

Ancora Métricas de topo

Top metrics

In the 2024-28+ Stratecic Plan, the review of the top metrics took into account alignment with the market, the company's ambitions and the importance of and adherence to the main organizational objectives established. Thus, the top metrics, which reflect and quantify the main attributes of the vision and provide a more explicit orientation of the organization's main objectives, underwent specific adjustments in the way the value (DELTA VALOR) and sustainability (ICMA) metrics are communicated. In addition, the FPI - Fatality and Permanent Impairment (TAG) metric was included, which joins the TIR- Total Recordable Injuries (TAR) metric in the Commitment to People Safety Indicator (ICSP).

As a result, we continue to have four top metrics, three of which are used for the variable remuneration of all our employees (IAGEE, ICMA and DELTA VALOR). Of these three metrics, two are related to the ESG issue, the indicator compliance with greenhouse gas targets (IAGEE) and the indicator for commitment to the environment (ICMA), which considers the volume of oil and oil products leaked.

IAGEE: measured by the weighted average of IGEE E&P and IGEE REFINING
ICMA: measured by the volume of oil and oil products leaked
ICSP: measured by TIR - Total Recordable Injuries and FPI - Fatality and Permanent Impairment

Ancora Nossas Estratégias

Discover our business strategies

With our feet in the present and our eyes on the future, we are preparing ourselves for what lies ahead.

Grounded in the present, because we understand the importance of focusing on the present moment, investing in the production of fuel that helps our country move forward, pushing boundaries and implementing innovative solutions in our operations.

Focused on the future, as we strategically plan for a world in harmony with the Paris Agreement, striving for sustainability.

Exploração e Produção

Exploration and production

Maximize the value of the portfolio with a focus on profitable assets, replenish oil
and gas reserves including exploration of new frontiers, increase the supply of
natural gas, and promote the decarbonization of operations

Refino, transporte e comercialização

Refining, Transport and Marketing

Act competitively and safely, maximize the capture of value by the adequacy and
improvement of our industrial park and supply chain and logistics, seek self-
sufficiency in oil products, with vertical integration, more efficient processes,
improvement of existing products and development of new products towards a low-
carbon market.

Gás e energia

Gas and Energy and Renewables

Act in a competitive and integrated manner in the operation and commercialization
of gas and energy, optimizing the portfolio and acting in the insertion of renewable
sources.

Picture of a building with the lights on.

Sustainability

Act in low carbon businesses, diversifying the portfolio in a profitable way and promoting the perpetuation of Petrobras;
Act in our businesses with integrity and sustainability with safety, seeking decreasing emissions, promoting diversity and social development, contributing to a fair energy transition and training experts in sustainability;
Innovate to generate value for the business, supporting operational excellence and enabling solutions in new energies and decarbonization

Ancora Plano Estratégico e Plano de Negócios

Our ESG positioning

Acting safely and sustainably in our business with integrity, seeking to reduce emissions, promoting diversity and social development, contributing to a just energy transition.