New Petrobras CEO Promises Higher Shareholder Returns ...Middle East

The new chief executive of Petrobras, Magda Chambriard, has promised investors they will see stronger returns during her tenure, seeking to alleviate worries that the Brazilian state energy major would shrink those to boost investments. “Petrobras is perfectly capable of guaranteeing returns for its shareholders, whether private or governmental,” Chambriard said this week as quoted by Bloomberg. “I understand we need to make a profit.” The Brazilian government removed the previous chief executive of the company,…

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