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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For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.
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The labor shortage has changed its face in Brazil: companies hire 80% more, but workers stay only 6.8 months in the job, the service market becomes a “revolving door,” and businesses spend increasingly more to train teams that soon leave.
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Chinese giant chooses SC to set up its first factory in Brazil, investing R$ 250 million and producing MRI machines costing R$ 10 million each, with 100 direct jobs and 5% of revenue allocated to research.
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After selling a unit for R$ 115 million to pay off debts, a traditional factory in SC founded in 1932 has a new R$ 64.8 million plan denied by the court and retains about 690 workers in Joinville.
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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