Petrobras Raises 2026 Spending Forecast to $24 Billion–$25.5 Billion

Petrobras raised its 2026 capital spending forecast to $24 billion–$25.5 billion after third-quarter earnings missed Wall Street expectations, while announced shareholder distributions also fell below estimates. The Brazilian oil producer increased its forecast from $19.4 billion. Petrobras also recorded a production record and stronger refining margins. Petrobras’ adjusted EBITDA increased 34% year over year. Petrobras announced $2.7 billion in shareholder distributions, compared with a $3.8 billion estimate. The company is expected to release an updated five-year business plan later this month. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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