10.15 +0.01 (0.10%)
After hours: 4:01PM EDT
|Bid||0.00 x 0|
|Ask||12.25 x 200|
|Day's Range||10.04 - 10.15|
|52 Week Range||6.96 - 11.77|
|PE Ratio (TTM)||-24.05|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
International oil-producing giants Petroleo Brasileiro (PBR) and Chevron (CVX) may have gone as far as they can go in with middling prices for crude. Petrobras shares were up 0.2% in recent trading along with a 0.7% rise in oil prices to a recent $58.28 per barrel for the international Brent benchmark. Chevron shares were down 0.7%.
Açu, a port operated by one of the firm’s portfolio companies, should benefit as the nation’s energy sector recovers.
Petrobras (PBR) declared that it will take necessary legal steps to protect the interest of shareholders only after receiving an official statement from the court.
When Fernando Coelho Filho, Brazil's minister for mines and energy, was asked on television this month about privatising Petrobras, the state-controlled oil producer, he could not have known the stir he ...
One analyst has issued a "strong buy" recommendation for INT, while two have given "hold" recommendations, and one has given a "sell."
So far this week (starting October 2, 2017), Petroleo Brasileiro (PBR) is at the top of the list of gainers in our select integrated energy group.
Here are some stocks outpacing the 0.9% rise in the iShares MSCI Emerging Markets exchange-traded fund (EEM) in midday trading Thursday. Shares of Brazil's top airline, GOL Linhas Aereas Inteligentes (GOLL4. ...
Brazilian stocks slipped off a record high on Wednesday, but analysts saw room for the recent rally to continue as Latin America's largest economy emerges from its worst recession in a century. Brazil's ...
Brazil's oil regulator ANP on Wednesday approved a request by the consortium exploring the potentially oil-rich Libra area to waive strict local content rules and purchase from abroad the platform hull and some systems that will compose the pilot unit. Petróleo Brasileiro SA, known as Petrobras, which leads the consortium, had requested earlier this year a waiver from ANP on the obligation to buy the rig hull and several other parts of the project from local producers. The Libra pre-salt area is among the largest discoveries in Brazil, with estimated reserves between 8 billion and 12 billion barrels of oil.
Petroleo Brasileiro SA (PETR4.SA) said Brazilian pension funds are not a party to arbitration proceedings levied against the state-controlled oil company in relation to a bribery and graft scheme that might have caused hefty losses to investors. In a Wednesday securities filing issued in response to a newspaper article, Petrobras said the parties to the proceedings include an unnamed company and a small number of individuals. Valor Econômico newspaper said earlier in the day that claims against Petrobras could rise to 20 billion reais (4.82 billion pounds) if pension funds joined the proceedings.
Petroleo Brasileiro SA said Brazilian pension funds are not a party to arbitration proceedings levied against the state-controlled oil company in relation to a bribery and graft scheme that might have caused hefty losses to investors. In a Wednesday securities filing issued in response to a newspaper article, Petrobras said the parties to the proceedings include an unnamed company and a small number of individuals. Valor Econômico newspaper said earlier in the day that claims against Petrobras could rise to 20 billion reais ($6.4 billion) if pension funds joined the proceedings.
Petroleo Brasileiro shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
Latin American stocks soared on Tuesday, boosted by potential public offers and takeovers in Peru and Brazil as well as the prospect of a market-friendly government in Argentina. Brazilian stocks rose ...
Brazil's state-controlled oil company Petroleo Brasileiro SA on Tuesday said it had started the binding stage for a proposed stake sale in the Maromba field, located in the Campos basin, according to a ...
With data showing signs of Brazil's economic improvement, and other market-friendly headlines, the iShares SMCI Brazil Capped exchange-traded fund (EWZ) rose 3.5% Tuesday, more than double the rise in ...
Shares of Brazil's state-controlled oil producer and refiner Petroleo Brasileiro or Petrobras (PBR) rose 3.6% in recent trading after an analyst meeting in New York Monday. Raymond James Analyst Pavel Molchanov, who rates the stock Market Perform, thinks that Petrobras' 2021 oil production projection is too optimistic. Molchanov thinks that investors need to include Brazil's October 2018 presidential election outcome in their investment thesis over the next year.
A privatization of state-controlled oil company Petróleo Brasileiro SA is feasible in the long run, Brazil's Mines and Energy Minister Fernando Coelho Filho said late on Monday, in a surprising remark amid rising controversy over state asset sales in Latin America's largest economy. Speaking on a late night interview show on São Paulo public television, Coelho Filho said the sale of Petroleo Brasileiro SA could take place some time in the future, according to a report on G1 website. It is a way," G1 quoted Coelho Filho as saying.
A new fuel pricing policy in Brazil that reduces subsidies significantly should help state-controlled oil company Petróleo Brasileiro SA draw more partners in the segment. In a Monday presentation elaborated ...
Brazil’s latest offshore auction drew quite a lot of interest from the oil majors, with ExxonMobil pledging an unusually large sum of money for drilling rights
ABC News reports that a new poll by the Ibope Institute says embattled President Michel Temer's already lousy approval rating has dropped to a historic low. Just 3% of respondents approve of Temer's administration, ...
The board of Brazilian state-controlled oil company Petróleo Brasileiro SA voted to list its fuel distribution unit on the São Paulo Stock Exchange, according to a securities filing on Thursday. Petrobras ...
Brazil held its most successful oil auction ever as a new partnership between state-run Petrobras and Exxon Mobil shelled out $1.1 billion in signing bonuses amid an improving regulatory environment.