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| Name | Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro ADR | NYSE:PBR | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.91 | -5.25% | 16.43 | 16.86 | 16.30 | 16.86 | 26,048,446 | 01:00:00 |
From May 2019 to May 2024
RIO DE JANEIRO—Brazilian state-run oil company Petró leo Brasileiro SA said Monday it plans to slash investments by 37% over the next five years in an urgent effort to reduce its soaring debt load.
Petrobras expects capital spending over the 2015-19 period to total $130.3 billion, the company said in a long-delayed document outlining its five-year business plan. Petrobras' previous five-year plan foresaw investments of $220.6 billion over the 2014-18 period.
The company also increased its goal for asset sales this year and next, saying it now expects to divest $15.1 billion in 2015-16, up from a previous target of $13.7 billion.
Write to Paul Kiernan at paul.kiernan@wsj.com
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