Petróleo Brasileiro S.A. - Petrobras (PBR) Management on Q2 2022 Results - Earnings Call Transcript

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET

Company Participants

Carla Albano - Investor Relations

Rodrigo Araujo - Chief Financial Officer

Rafael Chaves - Chief Institutional Relations and Sustainability Officer

Salvador Dahan - Chief Governance and Compliance Officer

Claudio Mastella - Chief Trading and Logistics Officer

Fernando Borges - Chief Exploration and Production Officer

Rodrigo Costa - Chief Refining and Natural Gas Officer

Joao Henrique Rittershaussen - Chief Production Development Officer

Operator

Good afternoon, everyone. Welcome to Petrobras Webcast with Analysts and Investors about the Second Quarter Results. It's great to have you join us today. [Operator Instructions] You can send those 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; Juliano Dantas, 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. Mr. Rodrigo, go ahead.

Rodrigo Araujo

Thank you, Carla. Thanks, everyone, for being with us today in this afternoon. We had a very solid quarter in which our solid operational results translated into solid financial results as well. So I'm very glad to be here with you today to talk about our results for the second quarter of 2022.

So next slide, please, which is remind of our disclaimer about future projections and expectations.

Next, please. So with respect to safety, as you guys know, we have safety as a very strong value for the company, and we're very concerned about improving our overall safety in our metrics. And we're glad that we can see the trajectory of the total recoverable injuries over time and especially that we've been able to maintain a level that is below our acceptable limit of 0.7%. So we reached 0.52% in the second quarter of '22. Of course, our ambition is to have zero fatalities and our main concern is to make sure that we can achieve that ambition. Unfortunately, we had 3 fatalities during the year, but we maintain our focus on improving our safety levels and making sure that our operations are always running safely -- as safely as possible.