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UPDATE 1-Petrobras CEO seeks "realistic" goals; shares fall
* CEO says company must boost efficiency, control costs * Shares fall more than 7 pct, despite fuel price increase RIO DE JANEIRO, June 25 (Reuters) - Shares of Brazil's state-led oil company Petrobras plunged more than 7 percent on Monday after its chief executive said the company has to be "more realistic" about its plans after consistently missing output targets. Poor production from its main offshore fields in the Campos Basin have crimped past production, and soaring costs for ...
Published By: Reuters (Company news) - Monday, 25 June, 2012
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