Petrobras Discloses Revised 2026-2030 Investment Plan of $109B

Key Takeaways Petrobras cut its 2026-2030 investment plan by 2% to $109B amid lower oil price assumptions.Most spending backs ongoing projects, with $69.2B directed to exploration and production.Petrobras targets 2.7 mbbl/d by 2028 and plans eight new production systems by 2030.Petrobras (PBR) , Brazil’s state-controlled integrated oil and gas company, has officially outlined its investment strategy for the next five years, with a comprehensive business plan aimed at navigating the challenges of fluctuating ...