Petroleo Brasileiro S.A. Petrobras ADS (PBR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Webcast for our results, the fourth queue for this year. It's a pleasure to be with you. This event will be presented in Portuguese with a simultaneous translation into English. And the links to both languages can be found on our website, the Investor Relations website. I'd also like to say that all participants will be able to watch the broadcast online as listeners. And after the introduction, there will be a Q&A session, as usual. And you can send your questions to our email. With us today, we have Magda Chambriard, the president of Petrobras. Alvaro Topiasu, the president of Gas and Energy. On behalf of Angelica Laureano, our executive director of Energy Transition and Sustainability. Clarice Capecci, executive director of Corporate Subjects. Claude Schlossler, director of Logistics. Fernando Macorrejo, the financial executive director of Investor Relationships. Bernardo Barrusi, Director of Engineering, Technology, and Innovation, and Kai Wagner, Director of Governance and Compliance, Sylvia Anjos, Director of Exploration and Production, and William Franca, Director of Industrial Processes and Products. So now I will give the floor to our President, Magda Chambriart, for her initial considerations. Ladies and gentlemen, good morning. It's a pleasure to be with you to present our results for 2025 and for the fourth Q of the same year. We are extremely proud of our results, and that's why I say and I repeat that if you place your bets against Petrobras, you're going to lose. And we keep saying that. Having said that, let's now start out by saying that 2025, as you saw, was an unprecedented year in terms of the production growth in Petrobras, as you could see. over the course of the quarters there was a constant increase in production which is the result of a techn...