Brazil’s energy major Petrobras has revised its spending plans for the next five years, prompted by the steady and persistent decline in oil prices. The company now plans to spend 2% less than previously expected over the period between 2026 and 2030. Petrobras will also pay less dividend, Reuters reported, citing the company’s update. Ordinary dividends for the five-year period to 2030 are now seen at between $45 billion and $50 billion, down from a maximum of $55 billion earlier. The update did not include an estimate for extraordinary…