Reuters broke the news that Brazil’s state-run oil firm Petrobras plans to keep total investments in its next five-year business plan in line with the last, based on an exclusive interview with CEO Jean Paul Prates. Investor concerns of a spending spree under a new leftist government have been relieved.
Energy
Petrobras eyes steady investments in new five-year business plan, CEO says
17 July 2023, 7:24 pm 1 minute
Market Impact
Reporting allayed investor concerns of a spending spree under a new leftist government, highlighted in a note from Goldman Sachs analysts, who said the comments “should be well-received by the market.”
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Countries: Brazil
Win Types: ExclusivitySpeed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
