Against All Odds: The Return Of An Oil Giant

Only a year ago, the Brazilian state company Petrobras seemed
a complete basket case, an exemplary case of how not to lead a
company that is rich in both resources and know-how. Today,
however, the Brazilian state giant has demonstrated unhoped-for
prowess in its quest of ridding itself of the disagreeable label of
being the most indebted oil & gas company in the world. Brazil
is still susceptible to sporadic political earthquakes, emerging
from revelations of which the Operation Car Wash has still not
exhausted itself – like the sudden…

Only a year ago, the Brazilian state company Petrobras seemed
a complete basket case, an exemplary case of how not to lead a
company that is rich in both resources and know-how. Today,
however, the Brazilian state giant has demonstrated unhoped-for
prowess in its quest of ridding itself of the disagreeable label of
being the most indebted oil & gas company in the world. Brazil
is still susceptible to sporadic political earthquakes, emerging
from revelations of which the Operation Car Wash has still not
exhausted itself – like the sudden…