Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 108

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 108
---
 of the portfolio of projects and assets and the allocation of CAPEX and OPEX.
 According to the International Association of Oil and Gas Producers (IOGP), the industry’s global average carbon intensity is 17kgCO2/boe. In 2024, the carbon intensity of our operated upstream production reached 14.8 kgCO2e/boe, lower than the industry average. These conditions make it possible to reconcile leadership in the Just energy transition with responsible oil and gas exploration in the country, in order to keep future production levels close to the current ones. Accompanying the transformations in the world, especially in the energy, digital, social, and environmental segments, we are going through a phase of changes and new perspectives, aiming to prepare for the energy transition and for a fair, inclusive low-carbon economy, with changes in energy use patterns, assessing and minimizing social impacts for different parties including our employees, communities and the entire supply chain.
 Our Strategic Plan aims to strengthen and prepare us for the future by initiating a process of integrating energy sources that are essential toward a fair and sustainable energy transition to a low-carbon business. We work toward a number of goals such as attention to people, safety and respect for the environment, perpetuating value for future generations, with a focus on capital discipline and a commitment to keeping our indebtedness under control.
 

Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}"><{self.tag} alt="{self.alt}" src="{self.src}">CAPEX - Capital Expenditure
 
 
The Portfolio under Evaluation consists of opportunities with a lower degree of maturity and subject to additional financing studies before the execution begins. The total investment expected for the next five years is 9% higher than the volume projected in the last Strategic Plan 2024-2028+.
 In the five-year period from 2025 to 2029, the company expects to focus its efforts on taking advantage of these opportunities in the oil and gas market, with a focus on replacing reserves, increasing production with a lower carbon footprint and expanding the supply of more sustainable and higher quality products in its portfolio.
 CAPEX in the E&P segment represents 69% of the total, followed by RT&M with 18%, G&LCE with 10% and Corporate with 3%.
 

Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}