Insight
Strategy update: Petrobras' 2022-2026 strategic plan
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Petrobras’ financial performance following the price collapse has exceeded expectations. The company reduced its leverage, maintained a positive free cash flow, and bolstered its liquidity all in this tumultuous period. And that is likely why Petrobras is sticking to its financial playbook – working to keep an optimal capital structure while investing only in resilient low-breakeven (≤US$35/bbl Brent) and low-carbon projects.
Table of contents
-
Cautious optimism shines through financial projections
- Capital expenditures
- Improved price and cash generation outlook
- Balancing act – government and investors
-
Capital allocation and portfolio management drivers remain intact
- Debt
- Dividends
- Asset sales
-
Long-term growth ambitions resurge
- Production
-
Greenfield projects and frontier basins dominate the strategy
- FPSO schedule
- Exploration
-
More emphasis but no transformation
- Sustainability commitments
- Defining the path forward
Tables and charts
This report includes 6 images and tables including:
- WM full net cash flow breakdown (ex-dividends)
- Five-year budget up by almost 25%
- Production: reported vs guidance vs WM outlook
What's included
This report contains:
Other reports you may be interested in
Insight
Global upstream fiscal tracker: follow the key discussions in the upstream sector
Global upstream fiscal discussions tracker provides the Wood Mackenzie view on the key fiscal discussions as they unfold.
$1,350
Insight
Global oil supply short-term update - January 2025
Minor upward changes have been made to our outlook as Brent prices strengthen in early January
$1,350
Insight
US upstream in brief: Q4 2024 archive
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary Woodmac views.
$1,350
