CEO Of Petrobras Jean Paul Prates Says Total Investments In 2024-2028 Business Plan Will Be Similar To Latest 5-Year Plan; Says 2024-2028 Business Plan Will Focus More On Renewable Energy, But Development Of Offshore Pre-Salt Oil Fields Will Be Important
Portfolio Pulse from Happy Mohamed
Petrobras CEO, Jean Paul Prates, announced that the company's total investments for the 2024-2028 business plan will be similar to the latest 5-year plan. The new plan will focus more on renewable energy, but the development of offshore pre-salt oil fields will still be important.
July 17, 2023 | 7:43 pm
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Petrobras' announcement of maintaining investment levels and focusing more on renewable energy could be seen as a positive move by investors. However, the continued importance of offshore pre-salt oil fields indicates a balanced approach.
The announcement indicates Petrobras' commitment to renewable energy, which is a growing sector and could attract investors. However, the company is not completely moving away from oil, which could be seen as a balanced strategy. This could have a positive impact on the company's stock.
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