Reported 6 months ago
The new CEO of Petrobras, Magda Chambriard, reassured investors during her first public appearance that the company is committed to providing returns to its shareholders while also focusing on making a profit. Chambriard's appointment follows the firing of her predecessor due to disagreements over dividend payments versus investments. Investors responded positively to her comments, with Petrobras's preferred shares rallying in Sao Paulo. Chambriard emphasized the need for Petrobras to accelerate exploration efforts off Brazil's coast and ensure stability in domestic fuel costs. The company aims to prioritize economic coherence and continue distributing dividends while expanding its operations.
Source: YAHOO