Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q4 2023 Earnings Conference Call March 8, 2024 9:30 AM ET
Company Participants
Jean Paul Prates - President
Clarice Coppetti - Corporate Affairs
Sergio Caetano Leite - Financial and IR Director
Mario Spinelli - Governance and Compliance Director
Mauricio Tolmasquim - Energy Transition and Sustainability Director
Joelson Mendes - Exploration and Production Director
William Franca - Industrial Processes and Products
Claudio Schlosser - Logistics, Trade and Markets
Carlos Travassos - Engineering, Technology and Innovation
Maiza Goulart - CENPES
Conference Call Participants
Rodolfo Angele - JPMorgan
Bruno Montanari - Morgan Staley
Monique Greco - Itau BBA
Luiz Carvalho - UBS Bank
Caio Ribeiro - Bank of America Merrill Lynch
Pedro Soares - BTG Pactual
Gabriel Barra - Citi
Vicente Falanga - Bradesco
Operator
Good morning, and welcome to Petrobras's Earnings Call for the Fourth Quarter of 2023. It's a pleasure to have you with us today. This event will be in Portuguese, and we have simultaneous translation into English. You can find the links to both on our Investor Relations page. All participants will be in listen-only mode during the company's presentation, and then we will have a Q&A session. And you may send us your questions to, petroinvest@petrobras.com.br.
We have Jean Paul Prates, President of Petrobras; Clarice Coppetti, Corporate Affairs; Sergio Caetano Leite, Financial and Investor Relations Director; Mario Spinelli, Governance and Compliance Director; Tolmasquim, Energy Transition and Sustainability Director; Joelson Mendes, Exploration and Production Director; William Franca, Industrial Processes and Products; Claudio Schlosser, Logistics, Trade and Markets; Carlos Travassos, Engineering, Technology and Innovation; and Maiza Goulart, CENPES.
We'll start with a word from our CEO. Go ahead, sir.
Jean Paul Prates
Thank you. Good morning, everyone.
Dear shareholders, investors, I'm very happy to talk to you today, not only because of the excellent economic and financial results we're going to present today, but especially because I am convinced we're building a more robust Petrobras that is more resilient and is better able to generate value on the long-term to its shareholders and for society facing the numerous challenges that we know and don't know created by this world in transition.
From the beginning of our administration, we have emphasized this need to adapt the company to a new energy context in which the main driver is decarbonizing operations and energy sources. This is due to a legitimate request from society, and it requires new solutions to reduce the use of fossil fuels. We're aware of the challenge, and so we built a strategic plan that was based on realism and being coherent.