Magda Chambriard celebrates one year at the helm of Petrobras with record results, investments, and industrial recovery.

By Leonardo Attuch, from Rio de Janeiro - Petrobras President Magda Chambriard gave a press conference on the afternoon of Wednesday, June 18, in Rio de Janeiro, to present a summary of her first year in office, which officially ends on Thursday (19). With a firm, technical and optimistic tone, Chambriard stated that the company's board is "extremely happy with this year's results" and highlighted that Petrobras is "giving an account to Brazilian society".

"We are rooting for the greatness of Brazil and Petrobras," said the president, reinforcing the sense of public mission that, according to her, guides the company's current board of directors.

Record production and expansion of reserves

Among the main highlights presented, Magda announced the start of operations of four large platforms over the past 12 months, all delivered "on time, within the deadline, and on schedule." With this, the company reached a production of 2,2 million barrels per day in the pre-salt layer, a new record for the state-owned company. In parallel, Petrobras begins 2025 with reserves of 11,4 billion barrels of oil.

Refining and fertilizers: more fuels and less external dependence.

In the refining sector, Chambriard highlighted that the state-owned company's refineries reached a 93% utilization rate, allowing for a greater supply of fuels in the domestic market, such as diesel, gasoline, and aviation kerosene. Petrobras is also advancing in structural expansion projects: the Abreu e Lima refinery in Pernambuco will have its production expanded starting in 2026, with completion scheduled for 2027, while the Reduc (Duque de Caxias Refinery) in Rio de Janeiro is already undergoing modernization and expansion.

Another impactful announcement was the resumption of the company's operations in the fertilizer sector, considered strategic. "Brazil still imports 90% of its fertilizers. We will replace imports profitably," declared Magda. Petrobras' return to the sector is seen as an important step towards reducing external dependence and ensuring greater security for the national agribusiness production chain.

The shipbuilding industry is reborn with local content.

In the interview, Chambriard also revealed a robust plan to revitalize the Brazilian shipbuilding industry. According to her, Petrobras will contract 48 vessels by December 2026, with investments of R$ 29 billion. Of these, 40 are already contracted. "Only eight are missing," she said, celebrating the rebirth of a sector that has been paralyzed since 2016. "This demand hasn't happened in almost a decade. We are distributing this Petrobras demand throughout Brazil and with more local content."

She emphasized that all management promises are made based on planning and responsibility: "We don't speak empty words. This is, above all, about protecting the company's reputation."

Strengthened institutional image: brand, compliance and recognition.

The president also celebrated important achievements in the area of ​​the company's image and institutional governance. "This year, we were also pleased to win the Top of Mind award as the brand that most identifies with Brazil," she stated. Furthermore, she noted that Petrobras has won "several compliance awards," which, according to her, reinforces the company's role as a benchmark for integrity. "We are setting a paradigm for both the public and private sectors."

In a confident tone, Magda concluded:

"We're at the top, we're proud to be at the top, and we're going to stay at the top."

Tax contribution and strategic investments

Petrobras also performed robustly in its economic role. In the last 12 months, the state-owned company collected R$ 268 billion for public coffers and invested R$ 91 billion in strategic projects, demonstrating its ability to generate value for the country while simultaneously driving industrial development.

“We are happy with what we have been able to achieve this year. But this is just the beginning,” concluded Magda Chambriard.