0200040006000BP plcPetroleos Mexicanos (PEMEX)Equinor ASAConocoPhillipsChevron CorporationPetroChina Company LtdShell plcExxon Mobil CorporationTotalEnergies SEPetroleo Brasileiro SA – Petrobras200040006000
IEA NZE 21/22incompatible STEOther STE1.5°C Incompatible Development PlansShort-Term Expansion (STE) overshootingIEA NZE 2021/2022 in million barrels of oil equivalentExploration Capital Expenditure (CapEx) 2021 – 2023 average, in USD millionHow to read this graph: 61.63% of Petrobras’ planned oil & gas field developments (short-term expansion in mmboe) areincompatible with the 1.5°C world modelled in the IEA’s 2021/2022 NZE scenario. Additionally, the company has spent approx. USD 654 million a year on the search for new oil & gas resources (3-year avg. of exploration CapEx).