The Evolution of Petrobras in an Industry in Transformation

Mr. Silva shared the latest results of his company’s turnaround, the plan for which he overviewed at AM2017.

Petrobras put safety first in its plan. By cutting its recorded injuries target in half, in prevented about 1,000 injuries this past year alone. On the finance side, the company continues to reduce its debt through new pricing processes, lower interest rates, longer amortization, OPEX and CAPEX optimization, and divestments.

This year, Petrobras added to its Vision, Values, and Purpose statement to reflect the importance of the low carbon economy, digital transformation, and financial management. It is also diversifying with renewables. Digital is seen as a way of adding value and dramatically improving operations.

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