Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 147

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 147
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arising from actuarial review of health care plan                      
Others                                                  (832)       672
ADJUSTED                                               40,399    52,414
EBITDA                                                                 
NET                                                      1.29      0.85
DEBT/ADJUSTED EBITDA RATIO                                             

(1)                               It                           
      is composed of other taxes payable and Income taxes paid.
---------------------------------------------------------------
 
Our Net Debt/Adjusted EBITDA ratio computed in U.S. dollar increased from 0.85 as of December 31, 2023, to 1.29 as of December 31, 2024, reflecting the effects derived by the combination of lower Adjusted EBITDA and higher Net Debt.
 

Annual Report and Form 20-F 2024 | 209
Use of Funds
 
Capital Expenditures
 We disbursed a total of US$16,621 million in 2024 (of which 84% was used in E&P business), a 31.2% increase when compared to our Capital Expenditures of US$12,673 million in 2023. It was 10% lower than our previous Strategic Plan (2024-2028). Our Capital Expenditures in 2024 were primarily directed toward the most profitable investment projects relating to oil and gas production. These expenditures are based on our Strategic Plan’s cost assumptions and financial methodology. 
CAPITAL EXPENDITURES BY BUSINESS SEGMENTS (US$ million)
 
            For                 2024     2023     2022
the Year Ended December 31,                           
------------------------------------------------------
Exploration                    13,934   10,424   7,844
and Production                                        
Refining,                       1,799    1,559   1,193
Transportation and Marketing                          
Gas                               426      277     350
and Low Carbon Energies                               
Total                          16,160   12,260   9,387
business segments                                     
Corporate                         461      413     461
and Other Businesses                                  
TOTAL                          16,621   12,673   9,848
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 For information on our future Capital Expenditures, see “Strategic Plan 2050 and Business Plan 2025-2029” in this annual report.
   

Annual Report and Form 20-F 2024 |

Distribution