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Petrobras posts net loss, cuts CAPEX and approves dividends

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Brazilian state-run oil giant Petrobras PETR4.SA on Thursday posted a net loss of 2.6 billion reais ($470 million) for the second quarter of 2024, the firm said as it announced lower-than-expected results and a reduction in investment estimates. Despite the results, the firm’s board approved a 13.57 billion-real ($2.45 billion) payout to shareholders in dividends ...

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