Strategic Plan

We have entered into a journey with the purpose of providing the energy that sets society into motion to realize its potential. What we do in here helps to move life out there.

Our vision

An integrated energy company that evolves with society, generates high value, and has a unique technical capability.

To achieve this, we guide our behavior based on five values:


Respect for life, people, and for the environment


Ethics and transparency


Market orientation


Overcoming and trust



We know where we want to get and what paths will lead us there. They are outlined in our strategies.

To increase security along the journey, we continuously monitor the business environment, something that enables us to periodically review our strategies. Through them, we seek to achieve our goals.

Our business context is increasingly complex and competitive. To operate in it, we will strengthen ourselves with partnerships, cost efficiency, and digital transformation. In the coming years, we will adapt to the new market requirements with investments in new and more efficient ways of generating energy.

We know that our core strength lies in our unique technical ability. Therefore, we will continue prioritizing our activities in deep waters, in which we are technological leaders and find opportunities that generate greater returns, in integration with refining, transportation, and trade.

The implementation of our business strategies will be supported by six transversal strategies:




Cost efficiency


Digital transformation


Work in partnerships


Strengthening of credibility, pride, and reputation


High performance culture

All of this is outlined in our 2040 Strategic Plan so we can achieve the following top metrics:



Reportable accident rate



¹RAR - Reportable Accident Rate per million man-hours of exposure to risk

Debt reduction


Adjusted Net Debt/ Ebitda

Maximum of



¹Adjusted Net Debt/Ebitda does not take the effect of IFRS into account

³Maximum net leveraging of 25%



Return on capital employed