Record loss fails to hit outlook for Petrobras

Brazilian oil giant books massive impairment but free cash flow and pre-salt outlook points to bright future

Strong liquidity: Petrobras chief executive Roberto Castello Branco — Strong liquidity: Petrobras chief executive Roberto Castello BrancoPhoto: REUTERS/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Petrobras Roberto Castello Branco Carlos Alberto Pereira de Oliveira Roncador

Published 21 May 2020, 10:01Updated 21 May 2020, 10:01