A novel soybean cultivar, designated 02912951, is disclosed. The invention relates to the seeds of soybean cultivar 02912951, to the plants of soybean 02912951 and to methods for producing a soybean plant produced by crossing the cultivar 02912951 with itself or another soybean variety. The invention further relates to hybrid soybean seeds and plants produced by crossing the cultivar 02912951 with another soybean cultivar.