PBR - Petróleo Brasileiro S.A. - Petrobras

NYSE - Nasdaq Real Time Price. Currency in USD
16.31
+0.43 (+2.71%)
As of 1:04PM EDT. Market open.
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Previous Close15.88
Open16.20
Bid16.23 x 3100
Ask16.24 x 21500
Day's Range16.07 - 16.38
52 Week Range9.02 - 17.90
Volume8,836,330
Avg. Volume17,017,955
Market Cap102.596B
Beta (3Y Monthly)0.96
PE Ratio (TTM)22.22
EPS (TTM)0.73
Earnings DateN/A
Forward Dividend & Yield0.10 (0.65%)
Ex-Dividend Date2018-12-28
1y Target Est17.77
Trade prices are not sourced from all markets
  • Oil & Gas Stock Roundup: Denbury-Penn Virginia Deal is Off, Murphy Sells Malaysian Assets
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    Oil & Gas Stock Roundup: Denbury-Penn Virginia Deal is Off, Murphy Sells Malaysian Assets

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  • Reuters4 hours ago

    Brazil's Petrobras modifies diesel pricing, developing payment system for truckers

    Brazilian state-run oil company Petroleo Brasileiro SA has approved a new pricing policy in which diesel prices at its refineries will not be readjusted more than once every 15 days, the company said on Tuesday. Petrobras, as the firm is widely known, is also developing a payment card system to allow clients such as truckers and truck fleet owners to purchase certain products at predetermined prices, it said in a statement. Last May a massive truckers' strike over diesel prices paralyzed Brazil and led to the resignation of Petrobras' chief executive officer.

  • PR Newswire4 hours ago

    Petrobras Announces Early Tender Results And Early Settlement For Cash Tender Offers

    RIO DE JANEIRO , March 26, 2019 /PRNewswire/ --   Petróleo Brasileiro S.A. – Petrobras (" Petrobras ") (NYSE: PBR) announced today the early results of its previously announced debt tender offers ...

  • Reuters5 hours ago

    Brazil's Petrobras eyes new payments solution for truckers, other clients

    Brazilian state-run oil firm Petroleo Brasileiro SA is developing a payment card system that will allow clients such as truckers and truck fleet owners to purchase certain products at predetermined amounts, the company said on Tuesday. In a statement Petrobras, as the firm is widely known, said the product "may help in managing the risk of consumer price fluctuations." The firm estimates it will have the new product ready in 90 days. In May of last year, a massive truckers' strike over diesel prices paralyzed Brazil and led to the resignation of Petrobras' chief executive.

  • Reuters23 hours ago

    Brazil, Petrobras 'practically agreed' on transfer-of-rights value -source

    Brazil's government and oil company Petrobras have "practically agreed" on the value of a multi-billion-dollar payment to the oil firm to settle the "transfer-of-rights" dispute, a source with direct knowledge of the matter told Reuters.

  • CNOOC's (CEO) 2018 Earnings & Sales Up Y/Y, Reserves Grow
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    CNOOC's (CEO) 2018 Earnings & Sales Up Y/Y, Reserves Grow

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  • Reutersyesterday

    Petrobras to hold April 25 shareholders meeting to approve board, budget

    Brazil's Petroleo Brasileiro SA has scheduled a shareholders meeting for April 25 to approve the new composition of the company's board and its 2019 budget, among other measures, the state-run oil firm said on Monday. Shareholders in Petrobras, as the company is known, will deliberate on the 54.7 billion reais ($14.1 billion) in planned expenditures in 2019, 47.788 billion reais of which will be dedicated to exploration and production, the company said in a statement. The firm's 2019 budget is part of its 2019 to 2023 business plan, released in December.

  • Why Does Wall Street Love This Controversial Oil Stock?
    Motley Fool4 days ago

    Why Does Wall Street Love This Controversial Oil Stock?

    Brazil's oil major has clawed its way back to a $100 billion market cap. Should individual investors be as confident as Wall Street?

  • Reuters5 days ago

    LatAm’s top borrowers seize cheap loans as banks starve for dollar deals

    Latin America’s most well-known corporate borrowers are increasingly tapping the bank loan market for low-cost funding, finding an international lender base hungry to deploy capital and grow their dollar exposure to the region. Banks active in lending to Latin American corporates including oil producer Petróleo Brasileiro (Petrobras) and pulp and paper exporter Suzano Papel e Celulose are resorting to aggressive pricing strategies this quarter as competition has increased for the limited available supply. Deal-starved international financial institutions are hamstrung by the lack of dollar-denominated transactions in Latin America when compared to volumes in developed markets such as the US or Europe.

  • Reuters5 days ago

    Lyondell, Odebrecht talks on Braskem slowed by SEC filing, naphtha issues- sources

    Brazilian conglomerate Odebrecht SA's efforts to sell petrochemical maker Braskem SA to LyondellBasell Industries NV may take months longer than expected because of issues linked to a delayed U.S. filing and a supply contract, three sources with knowledge of the matter said. The talks to sell Odebrecht's controlling stake are the first step in an $11 billion deal Lyondell aims to complete to create the world's largest petrochemical company and would also involve state oil company Petroleo Brasileiros SA, Braskem's other big shareholder. Lyondell will only be able to extend the offer to Petrobras, which owns a 36 percent stake in Braskem, once Odebrecht agrees to a deal.

  • PR Newswire5 days ago

    Petrobras Announces Final Results Of Its Any And All Offer And Confirms Tender Cap For Waterfall Offers

    The Offer expired at 5:00 p.m., New York City time, on March 18, 2019 (the "Expiration Date"), and is expected to settle today, March 21, 2019 (the "Settlement Date").  All conditions to the consummation of the Offer were satisfied by the Settlement Date. The table below sets forth the aggregate principal amount of Notes validly tendered in the Offer or validly delivered through guaranteed delivery procedures, that PGF accepted for purchase, as well as the consideration payable for such Notes.

  • Reuters5 days ago

    Brazil's Petrobras reevaluating partnership with China's CNPC -newspaper

    Brazil's state owned oil company Petroleo Brasileiro SA is reevaluating a partnership with the China National Petroleum Corporation to build a refinery in Rio de Janeiro state, newspaper Valor Economico ...

  • Chevron: Why Has the Short Interest Fallen?
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    Chevron: Why Has the Short Interest Fallen?

    Chevron Stock Rises, Commands Premium Valuations(Continued from Prior Part)Short interest in ChevronThe short interest or percentage of outstanding shares in Chevron (CVX) has fallen from 1.12% on January 2 to the current level of 0.83%. Usually, a

  • Reuters6 days ago

    Exclusive: Trident Energy takes lead in Petrobras oilfield sale - sources

    RIO DE JANEIRO/SAO PAULO (Reuters) - Warburg Pincus-backed firm Trident Energy is in exclusive talks with Petroleo Brasileiro SA to acquire a pair of Brazilian oil clusters, two sources with knowledge of the matter said this week, as the state-run company known as Petrobras moves to revive the sale effort. Petrobras had agreed in July to enter into exclusive talks with Ouro Preto Oleo e Gas, a Brazilian energy company backed by private equity firm EIG Global Energy Partners, to sell its Pampo and Enchova shallow water oil clusters off the coast of Rio de Janeiro. Petrobras has since entered exclusive talks with Trident Energy, which had bid for the fields in 2018 but did not enter into direct talks with Petrobras because its offer was below Ouro Preto's offer, according to the sources.

  • Petrobras (PBR) Eyes $10B on Government Dispute Resolution
    Zacks6 days ago

    Petrobras (PBR) Eyes $10B on Government Dispute Resolution

    Apart from putting an end to the 'transfer-of-rights' dispute, the $10 billion payment from the Brazilian government would help Petrobras (PBR) trim its debt levels to a considerable extent.

  • Brazil Expects Petrobras Reserves Payout Above $18 Billion
    Bloomberg6 days ago

    Brazil Expects Petrobras Reserves Payout Above $18 Billion

    Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, said the people, who asked not to be named because the information hasn’t been made public. Petrobras shares rose 1.6 percent to 29.20 reais in Sao Paulo on Tuesday, their highest close since August 2010. Brazil and Petroleo Brasileiro SA plan to reach an agreement by the end of this month on the government’s compensation.

  • Reuters7 days ago

    Brazilian government likely to pay Petrobras $10 bln in transfer-of-rights dispute -report

    The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called 'transfer-of-rights' dispute, newspaper Valor Economico reported on Tuesday, though the parties have not agreed on final terms. Valor in January had reported that the government had agreed on the higher figure, but the government subsequently denied the report. Petrobras, as the firm is widely known, did not respond to a request for comment.

  • Oil & Gas Stock Roundup: Transocean's Contract Awards, Eni's Angola Discovery & More
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  • CNBC7 days ago

    Canadian, Brazilian oil producers lock in revenues as prices rally -sources

    NEW YORK, March 19- Oil producers in Canada have jumped on an opportunity to lock in revenues for 2019 and 2020 as average crude futures for those years have soared over 20 percent to their highest levels this year, sources familiar with the deals said. Brazil's state-run oil giant Petróleo Brasileiro SA was also executing a part of its annual oil hedge last week,...

  • Reuters7 days ago

    Brazil's PetroReconcavo in talks for Petrobras onshore fields -sources

    Brazilian independent oil company PetroReconcavo has entered direct negotiations with state-run Petroleo Brasileiro SA to purchase a cluster of 34 oilfields in the nation's northeast, two oil industry sources told Reuters. Petrobras, as the state-owned company is known, entered talks with the unlisted Salvador, Brazil-based company after upstart 3R Petroleum failed to receive financing for its $453 million purchase of the fields, which was announced in late November, said the sources, who requested anonymity because they were not authorized to discuss internal matters. The sources said the $453 million bid was considered aggressive, and PetroReconcavo will probably offer less for the fields in the state of Rio Grande do Norte, collectively known as Riacho da Forquilha.

  • PR Newswire7 days ago

    Petrobras Announces Expiration And Expiration Date Results Of Its Any And All Offer

    RIO DE JANEIRO, March 19, 2019 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (PBR) today announced the expiration and expiration date results of the previously announced offer to purchase (the "Offer") by its wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF"), of any and all of its outstanding notes set forth in the table below (the "Notes"). The Offer was made pursuant to the terms and conditions set forth in the offer to purchase dated March 12, 2019 (the "Offer to Purchase" and, together with the accompanying notice of guaranteed delivery and related letter of transmittal, the "Offer Documents"). The table below sets forth the aggregate principal amount of Notes validly tendered in the Offer and not validly withdrawn, and the aggregate principal amount of Notes reflected in notices of guaranteed delivery delivered, at or prior to the Expiration Date and the consideration payable for Notes accepted for purchase in the Offer.

  • Petrobras' (PBR) Strategic Strides Make it a Compelling Buy
    Zacks8 days ago

    Petrobras' (PBR) Strategic Strides Make it a Compelling Buy

    Petrobras' (PBR) committed efforts to improve production, liquidity and operational efficiency, along with its ambitious five-year plans make us optimistic of the stock.

  • Why BP’s Short Interest Has Dipped
    Market Realist8 days ago

    Why BP’s Short Interest Has Dipped

    Higher Oil Prices Have Boosted BP Stock 10% in Q1(Continued from Prior Part)Short interest in BPIn the previous article, we reviewed changes in institutional holdings in BP (BP) stock. Now let’s look at changes in its short interest.Short

  • Are Investors Undervaluing Petrobras (PBR) Right Now?
    Zacks8 days ago

    Are Investors Undervaluing Petrobras (PBR) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.