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Petróleo Brasileiro S.A. - Petrobras (PBR) Q4 2025 Earnings Call Transcript

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Petrobras held its Q4 2025 earnings call on March 6, 2026, led by CEO Magda Chambriard and CFO Fernando Melgarejo, with executives from exploration, technology, and sustainability divisions present. The call featured simultaneous Portuguese-English translation, with a live webcast available via Petrobras’ Investor Relations site, followed by a Q&A session for analysts from JPMorgan, Goldman Sachs, and other major firms. Renata Baruzzi, Chief of Engineering and Technology, joined the panel, signaling potential updates on Petrobras’ R&D initiatives, though no specific quantum or advanced tech announcements were previewed in the transcript. Executives addressed energy transition strategies, with Álvaro Tupiassu representing Gas and Energy, hinting at sustainability-focused discussions amid Petrobras’ broader operational and financial review. Analysts from HSBC, Morgan Stanley, and Citigroup participated, indicating strong institutional interest in Petrobras’ performance, though detailed financial or technological breakthroughs were not disclosed in the opening remarks.
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SA Transcripts158.86K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Petróleo Brasileiro S.A. - Petrobras (PBR) Q4 2025 Earnings Call March 6, 2026 9:30 AM EST Company Participants Eduardo De Nardi Ros - Executive ManagerMagda de Regina Chambriard - CEO, Member of Executive Board & Non-Independent DirectorFernando Melgarejo - Chief Financial Officer & Chief Investor Relations Officer and Member of Executive BoardClaudio Schlosser - Chief Logistics, Commercialization & Markets Officer and Member of Executive BoardRenata Baruzzi - Chief Engineering, Technology, & Innovation Officer and Member of Executive BoardSylvia Couto dos Anjos - Chief Exploration & Production Officer and Member of Executive Board Conference Call Participants Rodolfo De Angele - JPMorgan Chase & Co, Research DivisionLilyanna Yang - HSBC Global Investment ResearchBruno Montanari - Morgan Stanley, Research DivisionBruno Amorim - Goldman Sachs Group, Inc., Research DivisionMonique Greco - Itaú Corretora de Valores S.A., Research DivisionRegis Cardoso - XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research DivisionTasso Vasconcellos - UBS Investment Bank, Research DivisionGabriel Coelho Barra - Citigroup Inc., Research Division Presentation Eduardo De Nardi RosExecutive Manager [Audio Gap] Webcast for our results, the fourth Q for this year. It's a pleasure to be with you. This event will be presented in Portuguese with 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 e-mail. With us today, we have Magda Chambriard the President of Petrobras, Álvaro Tupiassu, the President of Gas and Energy on behalf of Angelica Laureano, our Executive Director of Energy Transition and Sustainability; Clarice Coppetti, Executive Director of Corporate Subjects, Claudio Schlosser, Director of Logistics. Fernando Melgarejo, the Financial Executive Director of Investor Relationships, Renata Baruzzi, Director

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