Petrobras Powers Ahead: $111 Billion Investment Plan Targets Green Growth And Big Dividends

Benzinga11-22 21:31

Petrobras (NYSE:PBR) shares are trading higher premarket on Friday. The Brazilian oil and gas giant disclosed the Business Plan 2025-2029. During this period, Petrobras plans to focus on replenishing ...

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The Brazilian oil and gas giant disclosed the Business Plan 2025-2029.\nDuring this period, Petrobras plans to focus on replenishing ...</p>\n\n<a href=\"https://finance.yahoo.com/news/petrobras-powers-ahead-111-billion-133108546.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/petrobras-powers-ahead-111-billion-133108546.html","article_id":"2485266746","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5LxywcwhD9FwEwJirVqatw--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/981f33fd81799bb77a57066ea97b25c6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485266746","pubTimestamp":1732282268,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Petrobras  shares are trading higher premarket on Friday. The Brazilian oil and gas giant disclosed the Business Plan 2025-2029.During this period, Petrobras plans to focus on replenishing reserves, boosting production with a reduced carbon footprint, and expanding its portfolio with more sustainable, high-quality products in the oil & gas market.Petrobras plans to invest $111 billion over five years, including $98 billion for projects already in progress and $13 billion for less mature projects still requiring further financial review. This investment is 9% higher than the previous plan for 2024-2028.For Exploration and Production (E&P), Petrobras plans to invest $77.3 billion over the next five years, a 5% increase from its previous plan.Petrobras aims to achieve total production of 3.2 million barrels of oil and gas equivalent per day , including 2.5 million barrels of oil per day .Price Action: PBR shares are up 2.54% at $14.51 premarket at the last check Friday.This article Petrob","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","PBR":"巴西石油公司","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","BK4585":"ETF&股票定投概念","LU0072463663.USD":"Blackrock Latin American A2 USD","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0265266980.USD":"法巴巴西股票基金","BK4201":"综合性石油与天然气企业","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","LU0788109048.HKD":"BGF LATIN AMERICAN \"A2\" (HKDHGD) ACC","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","BK4588":"碎股","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","LU0106259046.USD":"施罗德拉丁美洲基金"},"translate_title":"巴西国家石油公司动力前行：1110亿美元投资计划目标是绿色增长和巨额股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBR":0.9},"content_text":"Petrobras (NYSE:PBR) shares are trading higher premarket on Friday. The Brazilian oil and gas giant disclosed the Business Plan 2025-2029.\nDuring this period, Petrobras plans to focus on replenishing reserves, boosting production with a reduced carbon footprint, and expanding its portfolio with more sustainable, high-quality products in the oil & gas market.\nPetrobras plans to invest $111 billion over five years, including $98 billion for projects already in progress and $13 billion for less mature projects still requiring further financial review. This investment is 9% higher than the previous plan for 2024-2028.\nFor Exploration and Production (E&P), Petrobras plans to invest $77.3 billion over the next five years, a 5% increase from its previous plan.\nApproximately 60% of the Exploration and Production (E&P) segment’s budget will focus on pre-salt assets, emphasizing high-quality oil production with lower costs and greenhouse gas emissions.\nConcurrently, the company is advancing revitalization projects in mature fields, particularly in the Campos Basin, to enhance recovery rates.\nPetrobras aims to achieve total production of 3.2 million barrels of oil and gas equivalent per day (boed), including 2.5 million barrels of oil per day (bpd).\nAlso, the company has increased exploration investments to $7.9 billion in E&P over the next five years, a 5% increase from the previous plan.\nOverall, Petrobras revised its gross debt limit to $75 billion. This adjustment considers robust leverage metrics, even with low Brent prices, while accommodating the growing impact of leases on gross debt.\nThe company anticipates strong free cash flow with projected ordinary dividends of $45 billion-$55 billion and flexibility for extraordinary payouts.\nInvestors can gain exposure to the stock via Global X Funds Global X Brazil Active ETF (NYSE:BRAZ) and Shares Latin America 40 ETF (NYSE:ILF).\nPrice Action: PBR shares are up 2.54% at $14.51 premarket at the last check Friday.\nRead Next:\n\nMexico’s Increased Mining Royalties Could Deter $7 Billion In Foreign Investments\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nPETROBRAS BRASILEIRO (PBR): Free Stock Analysis Report\n\nThis article Petrobras Powers Ahead: $111 Billion Investment Plan Targets Green Growth And Big Dividends originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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