The energy transition roadmap of Petrobras is grounded in a dual commitment. We want to maintain leadership in competitive offshore oil and gas, particularly in the pre-salt, while progressively reducing emissions and expanding low-carbon businesses.  
 
The company’s strategic plan 2050 and business plans clearly frame this approach as a ‘fair energy transition’, where oil and gas continue to finance decarbonization and diversification.   
 
The key pillars to this strategy include:  

• Operational decarbonization, with systematic reduction of emissions intensity in Exploration and production (E&P) and refining, leveraging high efficiency assets with one of the lowest carbon footprints globally.    
• Portfolio diversification, focusing on biofuels, biorefining, renewable power, low-carbon fuels and new energy solutions integrated with existing assets. 
• Technology and innovation, with strong emphasis on electrification, Carbon Capture Utilization and Storage (CCUS), digitalization, and R&D to enable scalable decarbonization pathways.  
• Robust governance and transparency, ensuring capital discipline, economic resilience and credibility in climate commitments.   

Indeed, Brazil occupies a unique and strategic position in the global energy transition, combining large-scale offshore production with strong natural advantages in renewables and bioenergy. Petrobras’ offshore pre-salt production stands out for its low emissions intensity, positioning Brazil as a competitive supplier even in tighter carbon-constrained scenarios.  
 
 In parallel, Brazil’s long-standing expertise in biofuels, combined with expanding initiatives in Sustainable Aviation Fuel (SAF), biorefineries and renewable electricity, strengthens its role as a bridge between conventional energy security and low-carbon solutions.  

 Petrobras’ strategy explicitly seeks to leverage these national advantages to support both domestic development and global decarbonization efforts.   

CCUS will play a key role  
Biofuels, electrification, and carbon capture, utilization and storage (CCUS) are gaining momentum worldwide. However, for hard-to-abate segments, Petrobras recognizes CCUS as a cornerstone technology, particularly in offshore and gas processing operations. The company already applies largescale CO2 reinjection in pre-salt fields and is advancing dedicated CCUS pilot projects, positioning the technology as both a mitigation tool and a future business opportunity.    In addition, biofuels and biorefining - including SAF and renewable diesel - are seen as critical to decarbonizing aviation and heavy transport, while electrification and renewable power will support emissions reduction across refining, upstream and industrial operations. This integrated portfolio reflects a pragmatic focus on solutions that are technically viable, scalable and aligned with Petrobras’ asset base.   
 
Petrobras has a wide portfolio of technologies under development, such as exhaust carbon capture, AI process optimization, full electric systems and others. They all play important roles in decarbonizing our operations since there is no unique solution to a complex production system, and each contribution counts on an incremental evolution of our strategy.  
 
Balancing decarbonization with competitiveness is a key challenge for energy companies which we address through capital discipline and asset selectivity. Oil and gas remain central to value creation, particularly high return, low emission projects in the pre-salt, which generate cash flow to finance the energy transition.   
 
At the same time, decarbonization initiatives are embedded into investment decisions, with incentives linked to emissions performance and rigorous economic evaluation. This ensures that sustainability is not treated as a cost center, but as a driver of long term resilience, risk management and competitiveness.   

Verification and certification 
Of course, independent verification and certification play a critical role in credibility, transparency and market access. The recent certification of the REDUC (Duque de Caxios Refinery in Rio de Janeiro) refinery by RINA under ISCC CORSIA standards for SAF production demonstrates Petrobras’ commitment to internationally recognized sustainability criteria, including traceability, mass balance control and verified emissions accounting.   
 
Such certifications strengthen stakeholder confidence, support regulatory compliance and enable Petrobras to participate in global low carbon fuel markets with recognized standards.  
 
International partners such as RINA contribute technical depth, independent assurance and global benchmarking. Their role spans certification, technical advisory, ESG alignment, risk assessment and engineering support, helping Petrobras translate strategic ambitions into implementable and auditable solutions.   
 
These partnerships are particularly valuable in emerging areas - such as SAF, CCUS and sustainability verification - where international standards and cross-sector experience accelerate learning curves and reduce execution risk.  

The future  
Looking ahead, Petrobras envisions itself as a diversified and integrated energy company, not abandoning oil and gas abruptly, but progressively expanding its role across multiple low carbon solutions.  
 
The strategic plan 2050 clearly positions the company as a player that combines responsible hydrocarbon production with leadership in bioenergy, low carbon fuels and new technologies, supporting a fair and orderly transition.   
 
In this sense, Petrobras’ evolution is not a binary shift, but a managed transformation, leveraging its scale, technical expertise and asset base to remain relevant, competitive and aligned with a net zero future.