Summary by Futu AI
Petroleo Brasileiro SA Petrobras, also known as Petrobras, announced on June 27, 2024, that it will increase its contribution to the cost of corporate health care plans from 60% to 70%, effective July 2024. This decision is in accordance with CGPAR Resolution 52/24 from April 2024 and follows the commitments outlined in the Company's Collective Bargaining Agreement for 2023-25. The increase, which was anticipated in the 2023 Financial Statements, is expected to reduce the company's annual operating cash flow by approximately R$500 million. Petrobras will report the impact of this change on its actuarial liabilities in the balance sheet and financial statements for the second quarter of 2024. The company has assured that any material facts will be promptly disclosed to the market.