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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro S.A. Petrobras | BOV:PETR3 | Bovespa | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 43.24 | 0 | 11:59:39 |
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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