Strategies and portfolio

Our Strategies

We contribute to reliable and efficient energy generation for an environmentally sustainable world. Our strategic model seeks double resilience: economic, resilient to low price scenarios, and environmental, with high emission efficiency.

With the vision of “Being the best energy company in value generation, focusing on oil and gas, sustainability, safety, respect for people and the environment”, we preserve our values in the 2023-2027 Strategic Plan.

Our values

Also, we maintain our purpose of “Providing energy that ensures prosperity in an ethical, safe and competitive manner”. Along these lines, our strategies aim at effectively contribute to a prosperous and sustainable future:

Market and results orientation Ethics and transparency Overcoming challenges and trust

ESG Strategy

SP 2023-2027 integrated the ESG (Environmental, Social and Governance) elements into a single vision, summarizing the Company’s position and strategy on the subject: Deliver sustainable results for a society in transition, by acting in business with social and environmental responsibility, safety, integrity and transparency. We improved our transparency on corporate social responsibility, highlighting four key ideas:

> Reduce our carbon footprint

> Protect the environment

E&P Strategy

RTC Strategy

Refining, Transport and Marketing

G&P Strategy Innovation Strategy

Deliver sustainable results for a society in transition, by acting in business with social and environmental responsibility, safety, integrity, and transparency.

> Care for people

> Act with integrity

Maximize portfolio value, focusing on deep and ultra-deepwater assets.

Withdraw completely from fertilizers and biodiesel businesses participation.

Operate with assets focused on the proximity of the oil supply and the consumer market, adding value to the refining park with more efficient processes and new products, moving towards a low-carbon market.

Act competitively in the oil and oil product trade, maximizing value captured through integration and the safe and efficient operation of the upstream and downstream logistics chain.

Operate competitively in trading own natural gas, completely withdrawing from gas distribution and transportation.

Optimize the thermoelectric portfolio focusing on self-consumption and trading of own natural gas.

Innovate to generate value in business, today and in the future, and achieve the goals in decarbonization.