Petrobras Likely to Trim Capex Plan as Market Faces Weak Oil Prices

Key Takeaways Petrobras reportedly plans to cut its 2025-2029 capex to $109B as it adapts to lower oil prices.PBR aims to expand production and revamp refineries by enhancing existing platforms and units.Petrobras projects $19.6B in 2026 capex, with most investments already contracted.Petrobras (PBR) , Brazil’s state-controlled integrated oil and gas company, is preparing to unveil a revised five-year investment plan under the leadership of president Luiz Inácio Lula da Silva.This decision comes amid a chal ...