Previous Close | 8.85 |
Open | 9.15 |
Bid | 9.10 x N/A |
Ask | 9.70 x N/A |
Day's Range | 9.15 - 9.15 |
52 Week Range | 5.55 - 17.20 |
Volume | |
Avg. Volume | 245 |
Market Cap | 3.71B |
Beta (5Y Monthly) | 0.75 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.03 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Apr 19, 2022 |
1y Target Est | 23.31 |
Brazilian state-run oil company Petrobras said on Monday it made no decision on a potential increase in its stake in petrochemical firm Braskem, after local media reported it was mulling buying out its partner Novonor. The firm said in a securities filing its board and management made no decision regarding "the process of disinvestment or stake increase in Braskem." Newspaper Folha de S.Paulo reported earlier on Monday that the firm was considering acquiring Braskem's shares owned by Novonor, formerly known as Odebrecht.
Brazil's state-run oil company Petrobras said Tuesday that it is not conducting any asset sales in the private market and denied it was in talks with Abu Dhabi's Mubadala investment fund about its stake in the Braskem petrochemical company. Petrobras' statement came after Novonor, also a shareholder in Braskem, on Friday in response to local media reports said it had received non-binding proposals from potential interested parties for its controlling stake in Braskem. "Petrobras, in relation to the news reported in the media, informs that it is not conducting any sale operation structuring in the private market and that it does not participate in the negotiations mentioned," the oil company said.
BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 1Q23 Earnings Release.
Brazilian petrochemical producer Braskem SA reported on Monday a net profit of 184 million reais ($36.78 million) in the first quarter, a 95% decrease from the year ago period. The company also reported a 27% decrease in its net revenue to 19.45 billion reais. The firm's performance was attributed to falling petrochemical spreads from the year-ago period, although they showed improvement from the fourth quarter of 2023.
* Chilean peso turns lower, stocks near 8-month high * Brazil's Braskem jumps as controller gets offer for firm (Updates prices throughout) By Sruthi Shankar May 8 (Reuters) - The Chilean peso shed early gains on Monday but stocks rallied after right-wing parties won a majority of votes to elect advisers tasked with redrafting the country's constitution. The ballot on Sunday, in which right-wing parties won 34 of the 50 seats on the council, marked a sharp shift from a progressive majority that drafted a failed first constitutional rewrite, a move economists see benefiting local assets at least in the short term. Meanwhile, data showed Chile's annual rate of consumer price inflation dropped below 10% in April to its lowest in more than a year, boosting expectations a monetary easing cycle will start in the coming months.
* Chilean peso climbs after right-wing victory in assembly * Brazil's Braskem jumps as controller gets offer for firm By Sruthi Shankar May 8 (Reuters) - Chilean markets rallied on Monday after right-wing parties won most of the seats in a council tasked with redrafting the country's constitution, while other Latin American markets were mixed ahead of crucial U.S. inflation data this week. Chilean right-wing parties won a majority of votes on Sunday to elect advisers to draft a new constitution, marking a sharp shift from a progressive majority that drafted a failed first constitutional rewrite. Meanwhile, data showed Chile's annual rate of consumer price inflation dropped below 10% in April to its lowest in more than a year, boosting expectations a monetary easing cycle will start in the coming months.
Brazilian petrochemical manufacturer Braskem (NYSE: BAK) is reportedly the target of a $7.6 billion buyout. Braskem, founded 20 years ago with the consolidation of six petrochemical businesses owned by large Brazilian corporations, today ranks as one of North America's largest producers of thermoplastic resins and polypropylene. The company's shares took off on Friday after reports surfaced that Abu Dhabi National Oil Co. and Apollo Global Management (NYSE: APO) had submitted an offer for Braskem.
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BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q22 Earnings Release.
PHILADELPHIA, January 25, 2023--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announced that Braskem America has received International Sustainability & Carbon PLUS (ISCC PLUS) certification for all five of its polypropylene (PP) manufacturing facilities in the United States.
PHILADELPHIA, January 23, 2023--Nexus Circular and Braskem S.A. (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Braskem"), the largest polyolefins producer in the Americas, today announced that they have signed a 10-year definitive commercial agreement for the supply of circular feedstocks from a new advanced recycling facility. Braskem completed a strategic investment in Nexus Circular in January 2022.
PHILADELPHIA, January 17, 2023--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, today announced a project to evaluate an investment in producing carbon negative bio-based polypropylene (PP) in the U.S. The project would utilize Braskem’s proven, proprietary technology to convert bioethanol into physically segregated bio-based polypropylen
PHILADELPHIA & LINTON, Ind., January 04, 2023--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the acquisition of taulman3D, a leading 3D filament supplier of nylon, recycled PETG, and PET filaments to aerospace, automotive, healthcare, industrial, government and higher education professionals worldwide. The acquisition of taulma
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the market leader and pioneer in the production of biopolymers on an industrial scale, has been investing regularly in new technologies and digital innovation for more than five years. The move is crucial to further consolidating the company's leadership position in the chemical industry, leveraging its innovative and competitive edge to generate sustainable impact and results.
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced it has joined Greentown Labs, the largest climatetech startup incubator in North America, as a Gigawatt Partner.
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today joined the MIT Energy Initiative (MITEI) to help support and fund relevant research to advance the energy transition.
In this article, we discuss 14 best chemical stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Chemical Stocks To Buy Now. According to Deloitte, the chemical industry is set to undergo a huge transformation towards sustainability, and the progress that was made in 2022 will […]
BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 3Q22 Earnings Release.
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced significant progress towards securing renewable and emissions-free power for its North American production facilities. The Company's current energy sourcing roadmap calls for more than a 15% reduction in carbon dioxide-equivalent emissions by 2030 with a path to carbon neutrality by
Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the construction of a new Renewable Innovation Center located in Lexington, Massachusetts at the Lexington Labs at 10 Maguire Road in Lexington, MA owned by Greatland Realty Partners. Braskem's new 35,000-square-foot innovation center will focus on accelerating innovation in renewab
Essentium, Inc., a worldwide leader in industrial additive manufacturing (AM), today announced it is partnering with Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Company"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, to offer manufacturers a fully integrated AM machine and materials solution. Combining the Essentium High Speed Extrusion (HSETM) 280i HT 3D Printer with Braskem's polyo
ACER, BAK, and CJPRY have been added to the Zacks Rank #5 (Strong Sell) List on July 28, 2022.
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