Petrobras — Form 6-K (12/01/2016): ajustes ao Plano de Negócios e Gestão 2015–2019

Issuer: Petróleo Brasileiro S.A. — Petrobras (SEC)
Date: January 12, 2016
Type: Release · primary source
Access: full text examined · accessed on Oct. 24, 2026
Original: www.sec.gov/Archives/edgar/data/1119639/000129281416003268/pbra20160112_6k.htm

What we extracted from this document (1)

On January 12, 2016, the Board approved adjustments: the capex of the 2015–2019 plan fell from US$130.3 billion to US$98.4 billion (a reduction of US$32 billion), which the company breaks down into portfolio optimization (–US$21.2 billion) and exchange rate effect (–US$10.7 billion), as a function of new oil price and exchange rate levels.

Official dataProven in a document

Excerpt: “This new 2015-2019 capex, of US$ 98.4 billion, represents a reduction of US$ 32 billion relative to the previous amount (US$ 130.3 billion)”

Source: Petrobras — Form 6-K (12/01/2016): ajustes ao Plano de Negócios e Gestão 2015–2019 — Petróleo Brasileiro S.A. — Petrobras (SEC), Jan. 12, 2016 · 6-K of January 12, 2016, paragraphs after the investment table · open original ↗

Release (primary) · full text examined · accessed on Oct. 24, 2026

Limitations: The company also reduced its projection for Brazilian production in 2016 (from 2.185 to 2.145 million bpd) and in 2020 (from 2.8 to 2.7 million bpd). The breakdown between portfolio and exchange rate is the company's.