Petroleo Brasileiro SA Petrobras (Petrobras) has announced a revision of its capital expenditure (CAPEX) projection for the year 2024. The updated range of investments is set between $13.5 billion and $14.5 billion, with the exploration and production (E&P) segment accounting for $11.1 billion to $12.1 billion of the total CAPEX. This adjustment represents an increase of 7% to 15% compared to the company's total CAPEX in 2023. Petrobras has clarified that this revised investment level will not affect the oil and gas production curve. The company has also cautioned that these forward-looking statements are subject to various risks and uncertainties, including economic, regulatory, and competitive conditions in the markets where Petrobras operates, as well as strategic and operational decisions. The announcement was made in compliance with CVM Resolution No. 44/21 and was officially signed by Fernando Sabbi Melgarejo on August 8, 2024.

Petroleo Brasileiro SA Petrobras (Petrobras) has announced a revision of its capital expenditure (CAPEX) projection for the year 2024. The updated range of investments is set between $13.5 billion and $14.5 billion, with the exploration and production (E&P) segment accounting for $11.1 billion to $12.1 billion of the total CAPEX. This adjustment represents an increase of 7% to 15% compared to the company's total CAPEX in 2023. Petrobras has clarified that this revised investment level will not affect the oil and gas production curve. The company has also cautioned that these forward-looking statements are subject to various risks and uncertainties, including economic, regulatory, and competitive conditions in the markets where Petrobras operates, as well as strategic and operational decisions. The announcement was made in compliance with CVM Resolution No. 44/21 and was officially signed by Fernando Sabbi Melgarejo on August 8, 2024.