Petrobras' CFO Commits "Realistic" Budgeting in New Business Plan [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
Petrobras PBR, is preparing its next five-year business plan covering 2025-2029 and according to chief financial officer, Fernando Melgarejo, this strategy will focus on realistic investment levels while potentially increasing the company's debt ceiling. This plan is anticipated to be released in November and is designed to ensure that the company continues to grow while maintaining financial flexibility. In a recent video interview, Melgarejo stated that PBR is having ongoing discussions on the plan, which will include cash levels, investment targets and debt management strategies. He emphasized that any increase in the debt ceiling is aimed at providing flexibility rather than directly increasing PBR's burden. The focus remains on maximizing reserves of oil and natural gas, ensuring a stable future for the company. Importance of Flexibility in Petrobras' Debt Strategy Debt Ceiling and Financial Strategy: The integrated oil and gas company of Brazil has a current debt ceiling
Show less
Read more
Impact Snapshot
Event Time:
PBR.A
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PBR.A alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PBR.A alerts
High impacting Petroleo Brasileiro S.A.- Petrobras American Depositary Shares news events
Weekly update
A roundup of the hottest topics
PBR.A
News
- Petrobras Shifts Focus to Oil and Gas, Reveals New Strategic Plan [Yahoo! Finance]Yahoo! Finance
- Subsea7 secures pipelay support vessel contracts from Petrobras [Yahoo! Finance]Yahoo! Finance
- Petrobras' new plan prioritises upstream oil and gas operations [Yahoo! Finance]Yahoo! Finance
- Oil nations face perilous future without energy transition support [Yahoo! Finance]Yahoo! Finance
- Petrobras CFO pledges 'realistic' spending levels in next business plan [Seeking Alpha]Seeking Alpha