PBR - Petróleo Brasileiro S.A. - Petrobras
14.04 +0.23 (1.67%)
After hours: 7:59PM EDT
| Previous Close | 13.08 |
| Open | 13.38 |
| Bid | 13.83 x 1300 |
| Ask | 13.81 x 1000 |
| Day's Range | 13.21 - 14.12 |
| 52 Week Range | 10.16 - 17.90 |
| Volume | 34,554,514 |
| Avg. Volume | 15,564,449 |
| Market Cap | 85.919B |
| Beta (3Y Monthly) | 0.22 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.23 (1.78%) |
| Ex-Dividend Date | 2019-08-13 |
| 1y Target Est | 19.35 |
- Reuters
UPDATE 1-Brazil's Bolsonaro wants to privatize Petrobras by end of his term -report
The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper Valor Economico reported on its website on Wednesday, citing anonymous sources. The report also cites a speech by Economy Minister Paulo Guedes at an event hosted by Valor. "There are big guys thinking they won't be privatized, but we will get there," Guedes is reported as saying.
- Zacks
Petrobras (PBR) Q2 Earnings Beat on High Gas Margins, Up Y/Y
Petrobras (PBR) generates positive free cash flow of $2.9 billion during the quarter under review.
- GuruFocus.com
Oaktree's Top 5 Buys of the 2nd Quarter
Top buys of Howard Marks’ firm include 2 petroleum companies Continue reading...
- Zacks
Halliburton Clinches Nine Offshore Contracts in Senegal
Halliburton's (HAL) contract win is set to cater services to Senegal's first offshore deep-water oil development.
- Reuters
Petrobras CEO says more than 20 groups interested in buying refineries
More than 20 potential bidders are interested in the refineries that Brazil's state-controlled oil company Petroleo Brasileiro SA plans to sell, the company's chief executive officer said on Tuesday. CEO Roberto Castello Branco said more than 20 groups are interested in the four refineries in a first phase of privatizations. Two are in the northeastern states of Pernambuco and Bahia, and two are in the southern states of Parana and Rio Grande do Sul.
- Oilprice.com
New Offshore Boom Is Propping Up This Niche Market
The global market for floating production, storage and offloading vessels is rebounding again, with as many as 24 new FSPO’s expected by 2020
- Reuters
UPDATE 1-Petrobras delays delivery of bids for LPG unit to next week -source
Brazil's state-controlled oil company Petroleo Brasileiro SA has delayed until next week the delivery of binding proposals for its liquefied petroleum gas (LPG) distribution unit Liquigas, a source with direct knowledge of the matter told Reuters. Petrobras, as the firm is known, decided to delay the offers after interested parties asked for more time to conduct due diligence on the unit, said the source, who requested anonymity as the matter is private. Liquigas is one of dozens of assets Petrobras has put up for sale in a massive divestment drive aimed at reducing debt and sharpening the company's focus on deepwater oil exploration and production.
- Reuters
Brazil's Petrobras sells off $320 mln hedge position as crude falls
Brazil's Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part to divestments. Petrobras, as the state-run company is known, said in March it was spending $320 million on put options, hedging part of its output at $60 per barrel. Petrobras said the options expired at year-end.
- Reuters
Brazil's Braskem reports 76% drop in Q2 profit
Braskem suffered a sharp fall in second-quarter net income due to slower demand in Europe and Mexico, and the freezing of funds to pay for environmental damages in Alagoas state. Latin America's biggest petrochemical company on Wednesday reported net income of 129 million reais ($32.5 million), down 76% from a year ago despite good results in Brazil and the United States. The company said in a securities filing that its U.S. petrochemical plants performed better and it enjoyed higher sales of chemicals in the Brazilian market, while spreads for chemicals remained high internationally.
- Oilprice.com
Could This Be A Turning Point For Petrobras?
Brazil’s Petrobras is making some dramatic moves to raise the company’s bottom line and increase cash flow, but will its efforts pay off?
- Oilprice.com
Oil Struggles As Markets Rocked By Trade War
Oil prices have had a tough start to the week as the trade war between China and the U.S. intensified and the Treasury Department labelled China a currency manipulator
- Reuters
Brazil's Petrobras studies sale of power plants, CEO tells brokerage
Brazil's state-controlled oil company Petroleo Brasileiro SA is studying the creation of a subsidiary comprised of around 15 power plants, which could then be sold through an initial public offering, analysts at XP Investimentos said in a report sent to clients on Tuesday. Analysts at the Sao Paulo brokerage led by Gabriel Fonseca wrote the report to clients after a breakfast with Chief Executive Officer Roberto Castello Branco. The analysts also said in the report that Petrobras, as the firm is known, is considering partnering with oil firms present in Brazil's so-called pre-salt offshore oil region to create a company composed of gas pipelines coming from the off-shore exploration areas.
- Reuters
Exclusive - Petrobras LPG unit seen attracting Mubadala, SHV, Itausa bids: sources
Bidding groups led by Brazilian investment firm Itausa Investimentos SA , Abu Dhabi state investor Mubadala and SHV Energy of the Netherlands are expected to submit binding proposals to acquire state-controlled oil company Petroleo Brasileiro SA 's LPG unit, two sources with knowledge of the matter said on Monday. Private equity firms CVC Capital Partners and Advent International have decided not to bid, the sources said ahead of a Wednesday deadline, after deciding the deal would be a better fit for strategic buyers. CVC and Advent declined to comment.
Motley FoolPetroleo Brasileiro S.A. - Petrobras (PBR) Q2 2019 Earnings Call Transcript
PBR earnings call for the period ending June 30, 2019.
- Oilprice.com
Asset Sales Drive Petrobras To Highest Ever Quarterly Profit
Brazil’s state oil and gas major Petrobras, once the company with the biggest debt pile in the global oil and gas industry, booked the highest quarterly profit on record for the second quarter of 2019 on the back of asset sales
- Reuters
EMERGING MARKETS-Brazil's real hits 6-week low as trade tensions intensify
* Petrobras posts its highest-ever quarterly profit * Latin American currencies suffer worst day in 2019 * Brazil's real weakens to lowest level in six weeks (Updates prices, adds analyst comment) By Sruthi Shankar Aug 2 (Reuters) - Brazil's real hit a six-week low on Friday, leading losses among Latin American currencies as an escalation in U.S.-China trade tensions turned investors risk-averse, although upbeat production numbers from oil firm Petrobras lifted Sao Paulo- listed shares. The MSCI index of Latin American currencies extended its slide for a second day and was on course to post its worst week of 2019 after U.S. President Donald Trump on Thursday vowed to hike tariffs on Chinese imports starting on Sept. 1, prompting retaliation from Beijing.
- Reuters
UPDATE 2-Brazil's Petrobras reports long-awaited production boost
Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore "pre-salt" region. In a presentation to discuss quarterly results, Petrobras said it produced 2.76 million barrels of oil equivalent per day (boepd) in the month, up from 2.633 million in the second quarter. Last week, Petrobras posted lackluster second-quarter production figures and cut its 2019 guidance to 2.7 million boepd from 2.8 million, disappointing investors hungry for a long-promised production boost.
- Reuters
EMERGING MARKETS-Latam forex falls as investors avoid riskier assets on trade fears
* Petrobras posts its highest ever quarterly profit * Latin American currencies worst day in 2019 * EM stocks on biggest slide since December 2015 By Agamoni Ghosh Aug 2 (Reuters) - Latin American currencies fell on Friday as U.S.-China trade tensions pulled investors away from riskier assets, but a smashing quarter from Brazilian state-run oil firm Petrobras helped Brazil stocks outperform regional indices. U.S. President Donald Trump vowed to hike tariffs on Chinese imports starting on Sept. 1 on Thursday, a day after negotiators from both countries concluded a meeting in Shanghai without significant signs of progress to end a trade war. Emerging market assets, already reeling from the U.S. Federal Reserve's hawkish rate-cut outlook earlier this week, fell to near two-month lows, with Latin American currencies on course to post their worst week for 2019.
- Reuters
UPDATE 2-Brazil's Petrobras posts highest-ever quarterly profit, boosted by asset sales
Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales. In a securities filing, Petrobras, as the firm is commonly known, said second quarter net profit came to 18.87 billion reais ($4.92 billion). Adjusted for non-recurring items, net income would have come to 5.2 billion reais, Chief Executive Roberto Castello Branco said in written remarks accompanying the results.
- Reuters
Exclusive: Brazil's Petrobras studies downsizing logistics unit
Brazilian state-run oil firm Petrobras is studying a mass transfer of employees out of its Transpetro logistics unit, according to a document seen by Reuters, in a sign the company may be gearing up to privatize additional assets. The human resources departments of Petroleo Brasileiro SA, as the company is formally known, and Transpetro are developing an "action plan for the evaluation and possible return of (employees) ceded to Transpetro from the parent company," according to the document, dated July 24. It is common at Petrobras for employees to be hired by the parent company and later transferred to a subsidiary.
