Petroleo Brasileiro S.A. Petrobras ADS (PBR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

The links for both languages are available on our investor relations website. We would like to inform you that all participants are connected to the webcast in listen-only mode. After our introductions, we will have a question-and-answer session, and you'll be able to send your questions via email to PetroInvest at Petrobras.com.br. Joining us today are Magna Chambriard, Petrobras' president. who will start our session but will not remain for the Q&A due to a prior commitment. Valerio Scopacci, Executive Director of Corporate Affairs. Claudia Schlosser, Executive Director of Logistics, Commercialization and Markets. Fernando Melgarejo, Executive Director of Finance and Investor Relations. And Carlo Valli. Director of Governance and Compliance, Mauricio Tomaschi, Executive Director of Energy Transition and Sustainability, Renata Baruzzi, Executive Director of Engineering, Technology and Innovation, Silvia dos Anjos, Executive Director of Exploration and Production, and William Franca, Executive Director of Industrial Processes and Other Products. So to begin, I will hand over to our President, Magda Chambriard, for her initial remarks. Please go ahead, ma'am. Ladies and gentlemen, good afternoon. It's a great pleasure to join you today to talk a little bit about our performance in the first quarter of 2025. I believe that they were excellent results, but I will take this opportunity to also draw your attention to the challenging scenario that we have currently with the price of oil. This requires from us redoubled efforts. Going from $84 per barrel in the first quarter of 2024 to face this first quarter of 2025 with an average of $75 per barrel and to post the results that we are posting was not an easy task. This is an an arduous task that was carried forward with a ...