🔴 Petróleo Brasileiro S.A. - Petrobras trades 2.2% down amid softer oil prices, while company announces major governance change at Braskem and new FPSO contracts

Petróleo Brasileiro S.A. - Petrobras is trading 2.2% down today at $7.51, influenced by a drop in crude oil prices and negative sentiment in the broader Brazilian market.

• The company announced a significant governance update, establishing joint control of petrochemical firm Braskem with IG4 Capital. Petrobras CEO Magda Chambriard will become Braskem's chairperson.
• Additionally, Petrobras awarded major contracts to SBM Offshore for the construction and operation of two new deepwater FPSOs (Floating Production, Storage, and Offloading units) for the Sergipe-Alagoas basin.