Petrobras reports crude oil as Brazil's top export, plans $111B investment over five years.

Brazilian oil giant Petrobras has reported that crude oil has become the country's top export, surpassing agribusiness and mining. The company plans a $111 billion investment over five years, focusing on oil production and exploration, with a goal to produce 3.2 million barrels per day by 2029. Petrobras also aims to distribute at least $45 billion in regular dividends, with the possibility of $10 billion in additional payouts.

November 18, 2024
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