Message from the CEO

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. We allocated more than BRL 195 billion to the supply chain, strengthening domestic industry and promoting jobs, income, and innovation. As one of the country’s largest taxpayers, we paid BRL 277.6 billion in taxes and government participations in Brazil, expanding the investment capacity of the Federal, State, and Municipal Governments and reaffirming our commitment to fiscal responsibility and transparency.

In the socio-environmental field, we have consistently increased our investments, with scale, continuity, and a focus on results. We prioritized nature-based solutions, biodiversity protection, and ecosystem restoration, generating associated social benefits, such as the empowerment of local communities, indigenous peoples, and quilombolas, as well as the encouragement of sustainable production chains. The results are measurable and territorially relevant, with concrete contributions to climate mitigation, the conservation and recovery of natural areas, and the strengthening of protected-area management across all five distinct Brazilian biomes, broadening long-term environmental and social benefits for the country.

In the environmental dimension, we advanced in the protection and enhancement of biodiversity by completing 100% of the biodiversity action plans at our facilities, strengthening a preventive and structured management of environmental risks and impacts.

Likewise, we continued to reduce spill volume (VAZO), reaching 3.0 m³ in 2025, a lower result than in 2024 (17.1 m³) and 97% below the alert limit. This performance reflects the effectiveness of the prevention and response systems, the integrity of the facilities, and the continuous monitoring of critical processes, expanding our capacity to act responsibly in more complex operational contexts and reaffirming that environmental progress is an essential condition for the company’s sustainable development.

We also maintained a permanent focus on operational safety and the protection of life. The Total Recordable Injury Rate (TRIR) was 0.71 which, despite a 6% increase compared to 2024, remains at a low level and reflects the robustness of the management, asset integrity, and risk prevention systems. Even so, we deeply regret the two fatalities recorded in 2025. Each loss reinforces the need to continuously intensify our efforts to achieve the non-negotiable ambition of Zero Fatality.

Finally, we reaffirm our commitment as signatories of the United Nations Global Compact, aligning our practices with its ten principles and with the Sustainable Development Goals of the 2030 Agenda. This commitment is reflected in the various initiatives presented in this report, such as the Autonomy and Income Program, which expresses our work in fostering training opportunities through professional qualification courses aimed at people in situations of socioeconomic vulnerability, contributing directly to the achievement of central sustainable development goals.

I invite you to browse the pages of the 2025 Sustainability Report and to learn, in detail, how we remain committed to the challenges of the present and to building a more sustainable, fair, and responsible future. This document is an invitation to dialogue on the role of energy in the transformation of society.

Enjoy your reading!

Magda Chambriard
CEO of Petrobras.