Summary by Moomoo AI
On November 21, 2024, Petrobras' Board of Directors approved the Strategic Plan 2050 and Business Plan 2025-2029. The plans aim to position Petrobras as a leader in the energy transition, balancing oil and gas focus with diversification into low-carbon businesses. Petrobras forecasts $111 billion in investments over the next five years, with $98 billion for ongoing projects and $13 billion for new opportunities. This represents a 9% increase from the previous plan. The company aims to maintain its energy supply share in Brazil, increase production, and achieve operational emissions neutrality by 2050. The plans include significant investments in exploration, refining, and low-carbon initiatives, with a focus on sustainable growth and financial responsibility, ensuring dividends and taxes benefit society.
