Petrobras recently disclosed its business plan for the 2025-2029 period, maintaining a focus on oil and gas production with $111 billion allocated for various sectors. The plan highlights a significant commitment to lower greenhouse gas emissions, with a notable portion earmarked for exploration and production. Additionally, a substantial amount will be invested in the gas and low-carbon energy sector, while specific renewable energy projects were not disclosed. The company's emphasis on reserve replacement in oil and gas production aims to solidify its position as a profitable entity, generating returns for shareholders. Despite concerns about prioritizing short-term gains over the energy transition, Petrobras announced investments in biofuels, petrochemicals, and other areas to reduce carbon emissions. Notably, the plan includes allocations for hydrogen projects, carbon capture, offshore wind initiatives, and investments in solar and onshore wind energy generation. Petrobras also approved the distribution of extraordinary dividends to shareholders, reflecting its commitment to financial sustainability. The company's strategic plan outlines investments in pre-salt assets and the implementation of new production systems by 2029, highlighting its competitive edge in the industry.