Sustainability Report 2024

Petrobras’ 2024 Sustainability Report marks a period of significant transformations in our journey towards a just and sustainable energy transition, aligned with our vision of a diversified company. This vision reconciles our focus on oil and gas with low-carbon businesses, reaffirming our commitment to sustainability, safety, respect for the environment, and total attention to people, generating value for Brazilian society.

We have made significant progress in executing the 2050 Strategic Plan and the 2025-2029 Business Plan (PN 2025-29), allocating US$ 16.3 billion for low-carbon projects in the next five years. This amount represents 15% of the total investment for the five-year period and highlights our determination to lead the energy transition in the country.

2024 results confirm the correctness of our strategy. We have managed to reduce absolute CO2e emissions by 40% and direct methane emissions by 70% in our operations since 2015. These advancements reinforce our ambitions to achieve Net Zero by 2050, Near Zero Methane by 2030, and maintain net neutral growth by 2030.

The company’s economic performance also reflects the strength of our management. We distributed BRL 379.4 billion in value to society through taxes, royalties, and special participations, direct remuneration to shareholders, and payments to financial institutions and suppliers. In the coming years, the initiatives outlined in the PN 2025-29 are expected to generate around 315,000 jobs, consolidating Petrobras’ role as a driver of socioeconomic development.