PBR - Petroleo Brasileiro S.A. - Petrobras

NYSE - NYSE Delayed Price. Currency in USD
8.86
+0.34 (+3.99%)
At close: 4:00PM EDT

8.82 -0.04 (-0.45%)
After hours: 6:04PM EDT

Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close8.52
Open8.34
Bid8.90 x 36200
Ask8.99 x 40000
Day's Range8.28 - 8.94
52 Week Range4.01 - 16.84
Volume22,836,442
Avg. Volume27,432,706
Market Cap57.487B
Beta (5Y Monthly)2.02
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.35 (3.99%)
Ex-Dividend DateJul 23, 2020
1y Target Est14.09
  • Moody's

    Braskem America Finance Company -- Moody's affirms Braskem's Ba1 ratings; changes outlook to negative

    Moody's Investors Service, ("Moody's") affirmed Braskem S.A. ("Braskem")'s Ba1 corporate family rating and the Ba1 ratings on the foreign and local currency debt issuances of Braskem Finance Ltd and Braskem America Finance Company, respectively, fully guaranteed by Braskem S.A. The outlook for the ratings was changed to negative from stable. Ratings Affirmed: ..Issuer: : Braskem S.A.

  • Reuters

    CORRECTED-Brazil's Petrobras, BR Distribuidora suspend imported aviation gasoline business amid quality concerns

    Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported aviation gasoline after chemical tests on an imported batch raised potential issues, a move that caused fuel distributor BR Distribuidora to suspend the sale of the product, according to a filing on Monday. Petroleo Brasileiro SA, as the firm is formally known, had said earlier on Saturday that the batch of imported aviation gasoline, or avgas, complied with the requirements laid out by Brazilian oil regulator ANP.

  • Brazil's offshore oil workers chilled by coronavirus outbreaks
    Reuters

    Brazil's offshore oil workers chilled by coronavirus outbreaks

    On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness spread further in the subsequent days, stoking anxiety among the 45 workers onboard, all but one of whom later tested positive for the novel coronavirus, according to the local union.

  • Reuters

    Brazil's BR Distribuidora resumes selling aviation fuel after quality concerns

    Brazil fuel distributor BR Distribuidora said on Tuesday it has resumed selling aviation gasoline, after detecting anomalies in its supply on Saturday. Aviation gasoline serves small aircraft and is different from jet fuel which is used by large commercial planes. The aviation gasoline had raised red flags due to its smell, BR Distribuidora said.

  • Reuters

    Brazil fuel distributor BR Distribuidora wins $70 mln tax dispute

    BR Distribuidora, Brazil's largest fuel distributor, has won a 376 million-real ($69.6 million) tax dispute, it said in a filing on Tuesday. Petrobras Distribuidora SA, as the company is formally known, said the dispute related to the duplication of certain state and federal taxes between 2012 and 2020. The company, whose largest shareholder is state-run oil company Petroleo Brasileiro SA, said the 376 million reais will appear in its second quarter financial statement as an asset.

  • A Trio of Stocks Trading at a Discount
    GuruFocus.com

    A Trio of Stocks Trading at a Discount

    Their share prices are below the projected free cash flow Continue reading...

  • Reuters

    EMERGING MARKETS-Latam FX subdued by virus fears; Brazil stocks eye 4-mth closing high

    * Chilean peso set to outperform peers for the week * Argentine stocks outpace peers for the week * U.S. record rise in COVID-19 cases chokes risk appetite * Petrobras up as Mubadala set for talks to buy Bahia refinery (Adds graphic, updates prices) By Shreyashi Sanyal and Ambar Warrick July 10 (Reuters) - Brazilian stocks were set for their strongest close in more than four months on Friday, while broader sentiment remained subdued amid increasing global coronavirus cases. The Bovespa stock index added about 0.8% after data showed inflation as measured by the IPCA consumer price index rose 0.26% in June over May, picking up after the deflation reported in the previous month. State-owned oil company Petrobras rose 1.5% after it said Abu Dhabi's investment fund, Mubadala Investment Co , will enter exclusive talks to purchase Brazil's second-largest refinery.

  • Reuters

    EMERGING MARKETS-Latam assets muted, to end week lower on virus worries

    * Stocks and currencies indexes set for weekly declines * U.S. record rise in COVID-19 cases chokes risk appetite * Petrobras up as Mubadala set for talks to buy Bahia refinery By Shreyashi Sanyal July 10 (Reuters) - Most stocks and currencies in Latin America were set to end the week with declines on Friday, on concerns over a record rise in coronavirus infections in the United States. MSCI's index for Latin American stocks fell 0.3%, while its currencies counterpart shed 0.4%. More than 60,500 new coronavirus infections reported across the United States on Thursday, a single-day record rise, weighed further on markets' mood.

  • Reuters

    Norway-linked firms mull bids for Petrobras' Golfinho field in Brazil, sources say

    Norway's BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras' Golfinho oilfield cluster, two sources said, as Brazil's state-run oil company seeks to re-spark its asset sale program in the wake of this year's crude price crash. With average daily production of 15,000 barrels of oil and 750,000 cubic meters of gas, Golfinho is among the largest production assets Petrobras currently has on the block.

  • Reuters

    Exclusive: Mubadala set for exclusive talks with Petrobras to buy Bahia refinery

    Reuters was the first to report earlier on Thursday that Mubadala was on an inside track to acquire the refinery, known as Rlam, after beating back competition from India's Essar Group, according to three people close to the negotiations. Petroleo Brasileiro SA, as Petrobras is formally known, confirmed in a filing that Mubadala had submitted the best offer and was invited to negotiate. Mubadala will discuss the contract terms with Brazil's Petrobras in an exclusive negotiation expected to take several weeks, the people said on Thursday, declining to be named as the talks were not public at the time.

  • Petrobras Begins Decommissioning Campos Basin's P-12 Platform
    Zacks

    Petrobras Begins Decommissioning Campos Basin's P-12 Platform

    Petrobras (PBR) is set to decommission the P-07 and P-15 platforms in the Campos Basin alongside the FPSO Piranema in the Sergipe-Alagoas Basin in 2020.

  • Reuters

    Petrobras to open tender for Brazil's biggest ever platform - sources

    Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for the floating platform, known as an FPSO, by the end of August, the people said. Winners build and own the platforms, and lease them to Petrobras in contracts with daily rates of up to $1 million that often last longer than 15 years.

  • Reuters

    Brazil's Cosan says reorganization may entail capitalization of all operating units

    Brazilian energy company Cosan SA said on Tuesday that its planned reorganization may involve the capitalization of all operating units controlled and co-controlled by the group. In a securities filing on Tuesday, Cosan said the viability of the potential capitalizations of each of the units will be weighed separately and depend on variables that the company does not control.

  • Petrobras (PBR) to Sell Off Its Fully-Owned Biofuel Unit
    Zacks

    Petrobras (PBR) to Sell Off Its Fully-Owned Biofuel Unit

    Petrobras (PBR) is the sole owner of Petrobras Biocombustivel's stake and plans to sell 100% operating interest in the project along with a 100% stake held by the unit in three biodiesel plants.

  • Reuters

    Brazil capital markets boom despite pandemic, M&A hits 20-year low

    Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy. Equity sales by Brazilian companies grew 10% in the first half to $9.9 billion, according to Refinitiv data, surprising many bankers given the weak first quarter and in sharp contrast with a swoon in deals. Other large Latin American markets stayed on the sidelines, with Panamanian airline Copa Holdings the only non-Brazilian company to conclude a share sale.

  • Reuters

    Petrobras considers LNG units for pre-salt's natural gas -executive

    Brazilian state-run oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production at the so-called pre-salt area, Viviana Coelho, the company's emissions and climate change manager, said during a webinar on Friday. The LNG units could be an alternative, she said, for the natural gas associated with oil produced at the pre-salt, a deep-water exploratory region located more than 100 miles from the coast. Petroleo Brasileiro SA, as the firm is formally known, currently relies on offshore pipelines to bring natural gas to the coast, where it is processed.

  • Petrobras Draws Record June Fuel From Buzios Despite Coronavirus
    Zacks

    Petrobras Draws Record June Fuel From Buzios Despite Coronavirus

    Petrobras' (PBR) gas sales surge in the May 10-16 time frame to touch 459,000 cubic meters from 146,000 cubic meters recorded in late March.

  • Brazil's Petrobras to cut over 20% of workforce in mass downsizing
    Reuters

    Brazil's Petrobras to cut over 20% of workforce in mass downsizing

    Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor Economico, Castello Branco said the deadline for employees to sign up for the program was Tuesday. "We have approximately 10,000 people signed up, which means 22% of Petrobras' employees are going to leave the company," he said.

  • Essar group places bid for Petrobras' Bahia refinery - sources
    Reuters

    Essar group places bid for Petrobras' Bahia refinery - sources

    Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil's state-controlled oil producer is known, has received at least two offers for the 323,000 barrels per day Landulpho Alves refinery in Bahia, known as Rlam. If Essar's bid is successful, it would mark the group's debut in Brazil.

  • Petrobras Announces Initiation of Production at Atapu Field
    Zacks

    Petrobras Announces Initiation of Production at Atapu Field

    Petrobras' (PBR) oil and gas production at its Atapu field is being carried out using P-70 FPSO unit, which can produce 150,000 barrels of oil and nearly six million cubic meters of natural gas daily.

  • Reuters

    Brazil's Petrobras says Transpetro unit to reduce workforce by 557 employees- filing

    Brazil's state-run oil company Petrobras said in a filing on Monday its transportation unit Transpetro will begin a voluntary layoff program this year, aiming to reduce its workforce by 557 employees. The program will begin next September and is expected to last through July next year, Petroleo Brasileiro SA, as the company is formally known, said.

  • Reuters

    Brazil's Petrobras puts Urucu onshore cluster on the block

    Brazilian state-run oil firm Petrobras has put its Urucu oil and gas cluster in the interior state of Amazonas up for sale, it said in a securities filing on Friday evening. The Urucu cluster was responsible for 106,353 barrels of oil equivalent per day of production in the first quarter, the company said. Petroleo Brasileiro SA, as the company is formally known, said the cluster produced 16,500 barrels per day of oil, with the rest being natural gas and natural gas liquids.

  • Reuters

    Mubadala delivers bid for Petrobras' refinery in Bahia - sources

    Abu Dhabi's Mubadala Investment Company placed a binding offer for Petroleo Brasileiro SA's refinery in the northeastern Brazilian state of Bahia on Thursday, two people with knowledge of the matter said on Friday. The 330,000 barrel-a-day refinery, known as RLAM, is the first of a group of eight such units the state-controlled oil producer plans to sell to cut debt and open one of the world's largest fuel markets to private investors. Petrobras and Mubadala declined to comment.

  • Petrobras to Sell Fully Owned Brazil's Shallow-Water Fields
    Zacks

    Petrobras to Sell Fully Owned Brazil's Shallow-Water Fields

    Petrobras' (PBR) plan to sell its stakes in the four offshore oil fields off the coast of Brazil's Ceara state is in line with its strategy to contain costs and boost capital deployment.

  • Reuters

    Pipeline theft falls in Brazil's Sao Paulo, as Petrobras cracks down

    Transpetro, the logistics unit of Brazilian state-run oil firm Petrobras , registered a 60% decline in fuel theft at its pipelines in the state of Sao Paulo, it said on Friday, suggesting investment to diminish such crimes is paying off. Sao Paulo, Brazil's most populous state, is the epicenter of fuel robbery in the South American nation, and also the home of some its most sophisticated organized crime groups. While the number of thefts from pipelines in Brazil pales in comparison to thefts in nations like Mexico and Colombia, it is growing fast.