Petrobras Announces 5Y New Plan Boosting Payouts and Spending
Brazilian state-run oil company Petrobras announced a new five-year strategic plan. The new plan includes a payout of 60% of the difference between its operating cash flow and investment every quarter provided gross debt remains under $65bn and the company makes a...
Petrobras to Sell 2 Oil Fields Worth up to $4bn
Brazil’s state-owned oil company Petrobras announced that it has started negotiations to sell two oil fields in the Campos Basin. An offer was placed by a consortium led by PetroRio, which has previously put forward offers to Petrobras’ Albacora and...
Petrobras Posts Solid Q3 Results Amid Crude Price Gain
Brazilian oil major Petrobras reported a net profit of BRL 31.1bn ($5.5bn), vs. losses of BRL -1.6bn (-$284mn) in 3Q2020 whilst beating estimates of BRL 20bn ($3.6bn). Revenues were up 9.8% QoQ to BRL 121.6bn ($21.6) and 72% higher YoY mainly due to the appreciation...
