Brazil's state-run oil company Petrobras said on Friday its board approved settlements for four lawsuits sought by investors in New York federal court and it currently estimates a provision of $353 million to cover the costs. Petrobras said the settlements include lawsuits led by Allianz SE's Pimco Total Return Fund, Dodge & Cox International Stock Fund, Janus Overseas Fund and Al Shams Investments. Investors are suing Petrobras in New York accusing it of covering up a sweeping graft scheme and publishing misleading accounts.
Petroleo Brasileiro SA was rewarded with its first rating upgrade in five years after it stepped up efforts to unload assets and began implementing a new fuel price policy.
- The Wall Street Journal•2 days ago
Brazilian state-run oil company Petróleo Brasileiro SA, or Petrobras, on Friday said it is in talks to sell its stake in sugar and ethanol producer Guarani SA to France’s Tereos Internacional.
Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||12.21 x 10000|
|Ask||12.22 x 6200|
|Day's Range||11.88 - 12.19|
|52wk Range||2.71 - 12.19|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-6.12|
|Avg Vol (3m)||22,790,012|
|Dividend & Yield||0.00 (0.00%)|