Petrobras’ board of directors unanimously approved its 2026–2030 business plan at a meeting on Thursday (Nov. 27). Brazil’s state-run oil giant forecasts total investments of USD 109 billion, with USD 91 billion going to projects in the portfolio of projects in implementation and USD 18 billion to portfolio of projects under evaluation – which consists of opportunities with a lower degree of maturity, subject to additional feasibility studies before implementation.

The current plan saw a slight reduction of 1.8 percent from the 2025–29 plan, when Petrobras approved investments of USD 111 billion, of which USD 98 billion was in the implementation portfolio and USD 13 billion in the evaluation portfolio.

“Our investments represent a significant volume for the Brazilian economy – USD 109 billion – which accounts for five percent of total investments in the country. Our projects have the potential to generate and sustain 311 thousand direct and indirect jobs, and we will contribute BRL 1.4 trillion in taxes to municipalities, states, and the federal government over the next five years,” said Petrobras President Magda Chambriard.

She said the company will continue to lead the way in the just energy transition, promoting sustainable development in the country, contributing to national energy security, generating value, and sharing the results with Brazilian society.