Petrobras approves 2020-2024 Strategic Plan

November 28, 2019 –

Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, in a meeting held yesterday, the Strategic Plan for the 2020-2024 five-year period,
in line with the company’s strategic positioning, released on September 26, 2019, where we aim to be the best energy company in generating value for the shareholder, with focus on oil and gas and with safety, respect for people and the environment.

Defined as Mind the Gap, the Strategic Plan brings a transformational agenda that aims to eliminate the performance gap that separates us from the best global oil and gas companies, creating substantial value for our shareholders. In addition, the plan is consistent with the five strategic pillars that we have defined: (i) maximization of return on capital employed; (ii) reduction of the cost of capital; (iii) relentless search for low costs; (iv) meritocracy; (v) respect for people, environment and safety.

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