Insight
Strategy update: Petrobras' 2024-2028 strategic plan
Report summary
Petrobras’ previous plan came with a big asterisk. Luiz Inácio Lula da Silva had returned to Brazil’s presidency, and the company was all but certain to be impacted by the left-wing administration. This latest plan is the first to be fully moulded by the new leadership team. And with that came expectations of significant changes, which were undoubtedly met if not exceeded during its Strategy Day.
Table of contents
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Growth above all else: a plan to address the energy trilemma
- Price and cash generation outlook
-
To invest (or to disburse): binary capital allocation gets tilted
- Capital expenditures
- Debt
- Dividends
- Acquisitions and dispositions
-
Balancing act: delivering greenfield projects and exploring frontier basins
- FPSO schedule
- Exploration
-
Reality check: long-term growth is flattening
- Production
-
Transition leader roadmap: going beyond decarbonisation
- Investments
- New profit centres
- Commitments
Tables and charts
This report includes 6 images and tables including:
- Five-year corporate budget up 31%
- Production: reported vs guidance vs WM outlook**
- Low-carbon: spend evolution and breakdown*
- Location of potential CCUS hub: emissions and hydrocarbon fields
What's included
This report contains:
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