April 28, 2020 / 9:50 PM / a month ago

Brazil's Petrobras revises debt outlook amid lower crude prices

RIO DE JANEIRO, April 28 (Reuters) - The board of Brazilian state-run oil firm Petrobras has scrapped its 2020 debt reduction target due to market volatility, the firm said in a securities filing on Tuesday.

Petroleo Brasileiro SA, as the firm is formally known, is now seeking to end 2020 with $87 billion of gross debt, the same level as it ended 2019, according to the filing. (Reporting by Gram Slattery; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below