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Petrobras (PBR) is adjusting its drilling strategy due to weak crude oil prices, revising its five-year investment plan for 2025-29 by 2% to $109 billion. Investment in the Equatorial Margin has been cut by $500 million, but the company aims to maintain steady oil production levels through 2034. Despite challenges, Petrobras has a robust operating margin of 27.48% and a net margin of 15.49%. Its valuation is undervalued, with a P/E ratio of 5.79 and analyst recommendations indicating potential upside.

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