Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2022 Earnings Call Transcript

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET

Company Participants

Carla Albano - Investor Relations

Rodrigo Araujo - Chief Financial & Investor Relations Officer

Claudio Mastella - Chief Trading & Logistics Officer

Fernando Borges - Chief Exploration & Production Officer

Joao Henrique Rittershaussen - Chief Production Development Officer

Rafael Chaves - Chief Institutional Relations & Sustainability Officer

Rodrigo Costa - Chief Refining & Natural Gas Officer

Salvador Dahan - Chief Governance & Compliance Officer

Conference Call Participants

Carla Albano

Hi, good afternoon, everyone. Welcome to Petrobras Webcast with Analysts and Investors about the Third Quarter Results. It's great to have you join us today. We'd like to inform you that all participants will follow the transmission by Internet as listeners. After an introduction, a Q&A session will begin. You can send us questions by mail at petroinvest@petrobras.com.br.

Today, we have with us Claudio Mastella, Chief Trading and Logistics Officer; Fernando Borges, Chief Exploration and Production Officer; Joao Henrique Rittershaussen, Chief Production Development Officer; Paulo Palaia, Chief Digital Transformation and Innovation Officer; Rafael Chaves, Chief Institutional Relations and Sustainability Officer; Rodrigo Araujo, Chief Financial and Investor Relations Officer; Rodrigo Costa, Chief Refining and Natural Gas Officer; and Salvador Dahan, Chief Governance and Compliance Officer.

To initiate, I'll pass the floor to Petrobras CFO, Rodrigo Araujo. Please, Rodrigo, go ahead.

Rodrigo Araujo

Thank you, Carla. Thanks, everyone. Good afternoon and thank you for being with us today and joining our earnings call for the third quarter of 2022. We had a very solid quarter, very important operational and financial results, and I'm very glad to be here with you today to present our results and you go through the Q&A session.

So, first of all, starting with our disclaimer for respect to future information and forecast.

Next, please. So, starting with safety. As you guys know, safety is a main priority of the company, is a strong value for us, and we're continually focused on improving our safety metrics. And as you can see, our total recordable injuries by per million man-hours has been improved -- improving consistently over time and of course, we're focused on achieving even better levels, both with process improvement and with technology as well.

And we're substantially below the acceptable limit. Of course, we do have an ambition of zero fatalities and unfortunately, we had one fatality on Q3 2022, that reminds us that focusing on continually improving safety has to be part of our mission and we're strongly focused on that.