Petrobras (PETR4) Now Has a New President: Jean Paul Prates, Who Is a Critic of State Pricing Policy, With a Focus on Pre-Salt Operations and Distribution of Billion-Dollar Dividends – Which Made Investors Turn Up Their Noses at His Appointment, Which Took Place on This Thursday (26).
A few days before being endorsed by the company’s board of directors, Prates Tried to Calm Market Nerves and Assured in Advance That There Would Be No Intervention in Fuel Prices.
Jean Paul Prates Is the New President of Petrobras
However, he has yet to rectify his statements about the dividends of this state-owned company, which is still the largest dividend payer in the world.
“A Long-Term Company Cannot Just Keep Taking Pre-Salt from the Sea and Distributing Dividends,” Reaffirmed Jean Paul Prates Earlier This Month.
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War in the Middle East is making Brazil richer: the country has returned to the IMF’s global top 10 thanks to the rise in oil prices, and the projection is to surpass Russia by 2027 and Italy by 2028.
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Resident refuses to sell house for R$ 15 million to construction company and sees luxury condominium surround his property on all sides.
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While Congress is still discussing the end of the 6×1 schedule, major pharmacy chains, supermarkets, and clothing stores have already adopted a 5×2 schedule and report more productive and happier employees.
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The R$ 22 Billion Alcooduto Connects Sinop to Paulínia and Promises a Logistical Leap for Corn Ethanol in Mato Grosso with 2,100 km, High Capacity, and Integration with BR-163 and New Modalities.
With All These Statements in Tow and Still Watching Petrobras Shares Plummet on B3, Prates Met with Lula at the Palácio do Planalto.
Among the Topics Discussed at the Table, According to Some Sources, Were the Names That May Still Be Indicated by the Union to the Board of Directors of the State-Owned Company.
Shortly After the Meeting, Jean Paul Prates Stated in a Video for Petrobras Employees That He Advocates for the State-Owned Company to Be a Driver of Economic Growth, Seeking New Frontiers, and Also Excelling in Oil and Gas Production and Leading the Energy Transition.
Regarding the Meeting, President Lula Did Not Say a Single Word. The Two Are Expected to Meet Today (27) and on Monday (03).
Be It Now or Even in Future Moments, Both Will Still Have to Address Petrobras’ Pricing Policy – After All, Throughout the Election Campaign, Lula Repeated Several Times That He Would Still Abolish the Price Parity Model to Reduce Fuel Prices at Refineries.
This Tuesday (24), Before Prates Arrived at His New Residence, Petrobras Announced a New Price Adjustment.


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