Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$89.70	Rlpv	Pwmvcfkw

Petrobras Outpacing Its Debt-Reduction Goals and Lifting Payout as Cash Flow Rolls In

Allen Good

Nov 10, 2021

Business Strategy and Outlook

Petrobras’ once lofty production targets, having already been steadily reigned in, are officially out the window with the most recent strategic plan that calls for no net growth through 2025. The lack of production growth along with another reduction in capital spending plans means Petrobras is responding to the same market forces and investor concerns as its integrated peers and turning its focus on capital discipline.

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