Mirendi's questions to Petroleo Brasileiro SA Petrobras (PBR) leadership • Q2 2025
Question
Mirendi asked about Petrobras's future CapEx plans, particularly in upstream, and how the company intends to integrate its growing natural gas production with a potential move into gas distribution.
Answer
CEO Magda, along with other executives, explained that as an integrated company, Petrobras sees natural synergies in monetizing its increased gas production. While no specific acquisition projects are currently in the portfolio, the company is keeping its options open for profitable opportunities in distribution to capture additional margins. They emphasized that any such investment would be subject to strict governance, profitability analysis, and capital discipline within the company's debt limits.