Petrobras Eyes Capex Cut as Oil Outlook Weakens [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
five-year plan (2026–2030), reflecting a more cautious outlook for oil prices, according to Bloomberg , which quotes people familiar with the discussions. The figure, still under review, represents a 4.5% cut from last year's $111 billion plan for 2025–2029. The proposal awaits board approval ahead of its scheduled release on November 28. Petrobras updates its five-year strategy annually, and investors are watching closely since capital spending directly affects the company's dividend potential . Weaker oil prices have already reduced the likelihood of extraordinary dividends this year. The spending plan also carries political weight: with Brazil's presidential elections set for next year, Petrobras often faces pressure to boost investments to stimulate the economy and create jobs. The company recently reported higher-than-expected Q3 capital expenditures, driven by new offshore platform construction, leading some analysts to question whether spending can realistically decline. St
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