Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Jose-Mauro-Ferreira-Coelho on Q1 2022 Results - Earnings Call Transcript

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET

Company Participants

Carla Dodsworth - Investor Relation-Executive Manager

Jose-Mauro-Ferreira-Coelho - Chief Executive Officer

Rodrigo Araujo - Chief Financial and Investor Relations Officer

Cláudio MastellA - Chief Trading and Logistics Officer

Fernando Borges - Chief Exploration & Production Officer

João Henrique Rittershaussen - Chief Production Development Officer

Rafael Chaves - Chief Sustainability and Institutional Relations Officer

Rodrigo CostA - Chief Refining and Natural Gas Officer

Salvador Dahan - Chief Governance and Compliance Officer

Conference Call Participants

Carla Dodsworth

Good morning, everyone. Welcome to Petrobras webcast with analysts and investors about the First Quarter 2022 Results. It's great to have you join us today. [Operator Instructions]. After introduction, a Q&A session will begin, you can send us questions by me at petroinvest@petrobras.com.br. We also inform you that all executives are participating in the event remotely respecting all safety protocols.

Today, we have with us Jose-Mauro-Ferreira-Coelho, Petrobras CEO, Cláudio Mastella, Chief Trading and Logistics Officer; Fernando Borges, Chief Exploration and Production Officer; João 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's CEO, Jose-Mauro. Please Jose-Mauro.

Jose-Mauro-Ferreira-Coelho

Thank you, Carla. Dear shareholders and investors, good morning. I'm very proud to have the privilege to address you for the first time. This privilege comes alongside a key sense of responsibility towards all those who trust us with their investments, where there is more investors seeking higher returns for their retirement accounts, such as thousands of workers who used a portion of their state sponsored funds to buy our shares or large investors who regarded Petrobras as a world-class company, showcasing a highly successful Brazil.

First and foremost, I would like to recognize all the efforts made by all the company's employees and executives for carrying out the strategies approved by our Board of Directors, we're able to bring about a historical recovery of its financial situation as well as its image, reputation and governance. Our privileged story in the corporate world sorts out one of the highest financial debt worldwide. I'm privileged today to be in charge of a solid and resilient company. This is only thanks to the work you have done. And therefore, I'd like to please you all once again. Remaining solid and resilient you will be key to pave the way for an even better future.