Engagement in public policies, advocacy and financial support

We are a mixed-economy company, with the majority of the voting capital belonging to the Federal Union. As an arm of the state’s involvement in the economy, the role of a mixed-economy company should go beyond generating profit for shareholders, also contributing to the economic and social development of the country by supporting the implementation of public policies, without impacting its profitability and financial sustainability.

By operating according to its bylaws in alignment with the priority agenda of public policies in the energy sector, Petrobras promotes energy security, environmental protection, and social well-being, remaining profitable and sustainable, in line with the value of “Commitment to Petrobras and to Brazil.”

When we refer to public policies, we should understand as all the strategic actions created by the State to address a specific public problem and to achieve socially determined objectives at the local, regional, or national level.

Due to its size and relevance in the brazilian economy, Petrobras can contribute to the development of public policies, such as those promoting energy security, environmental protection, and social well-being, including engagement with stakeholders to promote a more comprehensive and sustainable approach to the oil and gas sector. 

Thus, we describe as follows the obligations undertaken under conditions different from market ones prior to Law No. 13,303/2016 and the amendment our Bylaws that included provisions related to the public interest actions and the impacts on subsidies, laws, and others, as well as relationships with associations aimed at mitigating greenhouse gas emissions and investing in research, innovation, and technology to develop environmentally efficient and socially just solutions.

The actions oriented towards public policies and the achievement of the public interest that justified its creation must be compatible with Petrobras’ bylaws and generally with market conditions, and cannot, under any circumstances, jeopardize the company’s profitability and financial sustainability. Thus, profitability is one of the main assumptions for prioritizing our investments, and projects must be technically and economically feasible.