Petrobras posts net loss, cuts CAPEX and approves dividends

In:

Oil & gas

Petrobras posted a net loss of BRL2.6 billion ($470 million) for the second quarter of 2024, the firm said as it announced lower-than-expected results and a reduction in investment estimates.Despite the results, the firm's board approved a BRL13.57 billion ($2.45 billion) payout to shareholders...

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Perspective

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