# Tag: strategy

- [Petrobras Pulls Back to Push Ahead](https://brazilstockguide.com/behind-the-lines/petrobras-pulls-back-to-push-ahead/) (2025-11-27): A modest capex cut signals a deeper shift: stricter project filters, slimmer industrial plans and a sharper focus on high-return pre-salt output.
- [Petrobras Cuts Expansion Drive as New Plan Tightens Grip on Budget, Down $2 Billion to $109 Billion](https://brazilstockguide.com/insights/petrobras-cuts-expansion-drive-as-new-plan-tightens-grip-on-budget-down-2-billion-to-109-billion/) (2025-11-27): 2026–2030 roadmap trims capex by $2 billion, targets peak output of 3.4 million boed in 2028–2029, and scales back industrial bets to safeguard cash flow and dividends.