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By Marcello Casal Jr/ABr - Agência Brasil
The company's announcement states that $78 billion of these funds will be allocated for exploration and production, both in Brazil and internationally. Capital expenditures will be refined to around $20 billion, with gas and low-carbon initiatives making up about $4 billion.
The earlier investment strategy relied on the expectation that oil prices would hit $83 per barrel, whereas Brent crude is now priced at approximately $63.6 per barrel.
Petrobras predicts that oil output will reach a maximum of 2.7 million barrels daily by 2028. Next year, output will hit 2.5 million bpd, an increase from the earlier anticipated 2.4 million bpd.
The firm plans to distribute a minimum of $45 billion in dividends within the next five years and anticipates its debt remaining below $75 billion.
source: reuters.com
The earlier investment strategy relied on the expectation that oil prices would hit $83 per barrel, whereas Brent crude is now priced at approximately $63.6 per barrel.
Petrobras predicts that oil output will reach a maximum of 2.7 million barrels daily by 2028. Next year, output will hit 2.5 million bpd, an increase from the earlier anticipated 2.4 million bpd.
The firm plans to distribute a minimum of $45 billion in dividends within the next five years and anticipates its debt remaining below $75 billion.
source: reuters.com
