Petrobras discloses five-year $111B spending proposal, up to $10B in extra dividends

seekingalpha

2024-11-19

Joa_Souza/iStock Unreleased via Getty Images

Petrobras (NYSE:PBR) +2.3% in Monday's trading after outlining a new five-year plan that would boost spending on new oil drilling and other projects by nearly 9% to $111B for 2025-29.

A filing with Brazilian securities regulators also said the business plan allows

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