Sustainability Report 2025

We are living in a period of profound social, environmental,
and geopolitical transformations, in which society demands
from energy companies not only economic performance but also
environmental responsibility, social justice, and solid governance.

In the 2026-2030 Business Plan, we strengthened the integration
of sustainability into the corporate strategy, in line with the guidelines
of the 2050 Strategic Plan, reaffirming our vision of operating as
a diversified and integrated energy company, a leader in value
generation and in a just energy transition. The Sustainability Report
renders account of our trajectory and reflects our commitment
to acting responsibly, adopting social, environmental, and
governance criteria.

The 2025 results confirm the consistency of our climate strategy.
We reduced absolute operational CO₂ emissions by 36% compared to
2015 and achieved a 65% reduction in the intensity of direct methane
emissions, surpassing our public commitments. We also advanced
in upstream decarbonization, with more than 80 million tons of
CO₂ reinjected on a cumulative basis in carbon capture and storage
projects in the pre-salt. These results demonstrate that it is possible
to reconcile energy security and operational efficiency, reinforcing our
ambitions of Net Zero by 2050 and Near Zero Methane by 2030.

Throughout 2025, we strengthened our contribution to Brazil’s
economic development by combining value generation, social
responsibility, and management discipline. We maintained a pricing
policy based on technical and market criteria, seeking a balance
among competitiveness, financial sustainability, and the mitigation
of domestic market volatility