Our 2023-2027 Strategic Plan (PE 2023-27) maintains the main drivers of the past plan with the maintenance of the focus on oil and gas, the adequate level of leverage, the reduction in carbon emissions and an effective contribution by Petrobras to a prosperous and sustainable future. In this context, the new PE 2023-27 was prepared preserving the Company's vision, values, purpose and top metrics. The strategies were maintained, with the exception of those related to the Environmental, Social and Governance (ESG) and Innovation themes, which were improved.
Learn more about our Strategic Plan.
Our vision represents a synthesis of what we want to be.
To be the best energy company in value creation, with a focus on oil and gas, sustainability, safety, and respect for people and environment.
Our purpose represents the reason for our existence.
Provide energy that ensures prosperity in an ethical, safe and competitive way.
We reaffirm our values, which represent our commitment to people, society, partners and shareholders. They guide all company decisions.
The business strategies ensure that our resources are employed at the right time and in the right assets to ensure the highest possible return on invested capital, in a safe and sustainable way.
They represent Petrobras’ major choices, the paths through which it intends to achieve the objectives that have been set.
· Maximize portfolio value, focusing on deep and ultra-deepwaters
· Withdraw from fertilizers and biodiesel businesses participation completely
· Operate with assets focused on the proximity of the oil supply and the consumer market, adding value to the refining park with more efficient processes and new products, moving towards a low carbon market
· Act competitively in the oil and oil product trade, maximizing value capture through integration and the safe and efficient operation of the upstream and downstream logistics chain
· Operate competitively in trading own natural gas, completely withdrawing from gas distribution and transportation
· Optimize the thermoelectric portfolio focusing on self-consumption and trading of own natural gas
· Deliver sustainable results for a society in transition, by acting in business with social and environmental responsibility, safety, integrity and transparency
· Innovate to generate value in business, today and in the future, and achieve the goals in decarbonization
Top metrics provide more explicit guidance on the company's main short-term goals. These are metrics unfold throughout our organizational structure, from top to bottom, to make sure that the individual actions of each one of us are aligned with Plan’s main commitments.
The indicator of compliance with the Greenhouse Gas Emissions Targets (IAGEE) and the Oil and Oil Product Leak Volume Indicator (VAZO) reflect the alignment with the 2023-2027 Strategic Plan low carbon and sustainability commitments.
We are maintaining our zero-leak ambition, in the sense of reaffirming Petrobras’ commitment to the environment.
CAs a fundamental base of the management strategy aimed at creating value in the business, Petrobras will maintain the Delta EVA® indicator as the top metric, which represents a measure of creation of economic value for shareholders. By creating value, the company grows consistently and becomes financially sustainable.
In Petrobras’ view, life is a non-negotiable value and strengthening risk control measures associated with TRI (Total Recordable Injuries per million working hours) monitoring is a fundamental tool for achieving our ambition in terms of safety: Zero fatality.
