Petrobras cuts dividend, investment projections in new five-year business plan

Core Insights - Petrobras has reduced its dividend forecast and cut expected investments by nearly 2% in its new five-year business plan due to lower crude prices [1] Company Summary - The Brazilian state-run oil firm Petrobras is facing challenges with lower crude prices, prompting adjustments in its financial outlook [1] - The company has announced a new five-year business plan that reflects these changes, indicating a strategic shift in response to market conditions [1] Investment Summary - Expected investments have been cut by almost 2%, signaling a more conservative approach to capital allocation in the coming years [1] - The reduction in dividend forecast suggests a focus on maintaining financial stability amid fluctuating oil prices [1]