Strategy update: Petrobras' 2021-2025 strategic plan
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Capital discipline and resilience to ensure success under any scenario
- Capital expenditures
- Corporate restructuring
- Conservative planning
- Lower costs
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Capital allocation and portfolio management drivers remain intact
- Debt versus equity
- Asset sales
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Growth to be limited by divestments
- Production
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Tilt towards greenfield projects and away from legacy assets continues
- FPSO schedule
- Legacy portfolio
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More emphasis but no transformation
- Sustainability commitments
- Absolute emissions
- Scattered progress
Tables and charts
This report includes the following images and tables:
- Free cash flow outlook for upcoming year improved despite pandemic
- Five-year capex cut by 27%
- Production guidance revised downwards
What's included
This report contains:
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