Petrobras Plans Dividend Squeeze To Fund Transition to Renewables ...Middle East

OILPRICE - Economy
Petrobras Plans Dividend Squeeze To Fund Transition to Renewables
Brazil’s state-owned energy heavyweight Petrobras will be distributing more modest dividends in the future as it prepares to become a renewable energy company. That’s according to chief executive Jean Paul Prates, who spoke to Bloomberg and said that plans are to have half of Petrobras’s revenues coming from wind and solar power generation and renewable fuels in ten years. Prates told Bloomberg he believed shareholders “will understand,” explaining that “I would be more conservative than aggressive.…

Hence then, the article about petrobras plans dividend squeeze to fund transition to renewables was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Petrobras Plans Dividend Squeeze To Fund Transition to Renewables )

Apple Storegoogle play

Last updated :

Also on site :