Petrobras CFO Sees ‘Realistic’ Spending in Next Business Plan
- Company to reinforce focus on building oil and gas reserves
- Business plan talks include potential debt ceiling increase
The company just completed $1 billion bond sale in the first international operation since 2023.
Photographer: Victor Moriyama/BloombergThis article is for subscribers only.
Petrobras’s next five-year business plan will have realistic investment levels and could possibly include an increase in how much debt the company can take on, Chief Financial Officer Fernando Melgarejo said in a video interview.
Management has ongoing discussions about the 2025-2029 business plan that should be released in November. Melgarejo said the discussions include cash levels, investments, and a potential increase to the total debt ceiling of $65 billion, one of the conditions for dividend payments.