Governance | Economic-Financial Resilience
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Economic-Financial Resilience Our economic and financial resilience incorporates issues related to our portfolio management, reserve replacement, effectiveness of the production curve, the price of oil and oil products, reflections of political-economic issues, market value/ratings, capital allocation, indebtedness, and economic/financial impacts resulting from unpredictable events such as pandemics. Our Strategic Plan 2022-26 aims at creating and adding value to our stakeholders in all businesses and scenarios. The main objectives of our financial strategy are:
We seek to reconcile economic resilience - which implies the viability of projects in scenarios of low oil prices -, with the context of energy transition. Our goal is to ensure the sustainability of our business and our company throughout the energy transition, ensuring the achievement of our economic and financial goals. We periodically prepare corporate scenarios that seek to identify the main trends and business uncertainties. These scenarios are considered in the development of our Strategic Plan and are used to evaluate investment projects individually and as a portfolio. The assessment of the impacts of the energy transition is incorporated in the stages of the elaboration of scenarios that contemplate several aspects such as prices of Brent oil and natural gas; composition of the global energy matrix; penetration of hybrid and electric cars; international carbon prices; inflation; exchange rate; and interest rates in Brazil. The competitiveness of companies in the long run will relate to the ability to produce at low costs and with less emission of greenhouse gases, thriving in scenarios of falling oil prices, carbon pricing and possible practices of differentiating oil according to of its carbon intensity during production. For the period of the Strategic Plan 2022-26 (PE 2022-26) we project funding sources in the order of USD 150 billion, arising mainly from cash generation from our operations, supplemented by divestments. These resources ensure the execution of the planned investment plan, as well as the fulfillment of financial obligations, such as the payment of interest and debt amortization, in addition to dividend remuneration to our shareholders.
PETROBRAS
SUSTAINABILITY REPORT | 2021
54
