Petrobras President Warns against Betting Against Company, Cites Strong Q3 Results & Renewable Energy Focus
RIO DE JANEIRO – Petrobras President Magda Chambriard issued a strong statement Friday, declaring that anyone who bets against the company “will lose,” citing robust third-quarter 2025 results and a strategic shift towards renewable energy sources. The declaration comes amid ongoing debate surrounding potential oil exploration in the Equatorial Margin and a global energy transition.
Chambriard underscored petrobras’ historical role as a key driver of Brazil’s economy, noting the company enabled the nation’s first major export – oil – over the past seven decades. However, she acknowledged a changing global landscape, with slowing oil demand, declining prices, and increasing societal pressure for clean energy alternatives. This context, coupled with a 28.6% jump in investments totaling US$14 billion in the first nine months of the year, fuels the confidence behind her assertive message.
“But the world has changed, and Brazil has changed along with it. Demand for oil has had its growth rate almost annulled, the price is in sharp decline and society demands more clean energy from us,” Chambriard stated. She highlighted Petrobras’ long-standing commitment to renewable energy,citing its early investments in ethanol,biodiesel,solar power,and the country’s first wind energy project.
The executive emphasized ongoing negotiations to position the company for success over the next 72 years, requiring “adaptation effort and a lot of commitment” from the Petrobras team and its partners. “With determination, there is nothing that this company cannot deliver to the country. The results of the third quarter of 2025 say so,” she added, concluding with a rallying cry: “A team that is a team guarantees the vanguard!”