Petrobras to post long-delayed results to avert debt breach

Rio de Janeiro

PETROLEO Brasileiro SA is set to release its long-delayed earnings report this week and investors want to know one thing: How much has Brazil's biggest-ever corruption scandal cost so far?

Petrobras, the state-run oil producer embroiled in an alleged kickback scheme involving US$23 billion of contracts, plans to post unaudited third-quarter results following a board meeting on Tuesday. The company, which has posted negative free cash flow in every quarter since 2010, has twice delayed the releas…