PBR - Petróleo Brasileiro S.A. - Petrobras
| Previous Close | 15.33 |
| Open | 15.34 |
| Bid | 15.24 x 4000 |
| Ask | 15.33 x 39400 |
| Day's Range | 15.09 - 15.42 |
| 52 Week Range | 9.02 - 17.20 |
| Volume | 12,806,823 |
| Avg. Volume | 23,385,474 |
| Market Cap | 93.95B |
| Beta (3Y Monthly) | 1.07 |
| PE Ratio (TTM) | 20.76 |
| EPS (TTM) | 0.73 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.10 (0.67%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 16.57 |
Reuters•17 hours agoPetrobras board nominee fined in 2016 for insider trading: documents
One of three new board members nominated by Brazil's government to sit on the board of state-run oil company Petroleo Brasileiro SA (PETR4.SA) was fined in 2016 by securities regulator CVM for insider trading, according to CVM documents on the ruling seen by Reuters. The disclosure raises tough questions for new far-right President Jair Bolsonaro and Petrobras Chief Executive Roberto Castello Branco, who have vowed to end years of graft involving the oil company and Brazil's political class. Nominee John Forman was fined 338,500 reais ($91,540) by the CVM in 2016 for insider trading, according to the ruling documents seen by Reuters.
Reuters•2 days agoBrazil government nominates three new Petrobras board members amid accusations of meddling
Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA , amid accusations that new CEO Roberto Castello Branco was pushing to oust board members. ...
- Reuters•2 days ago
Brazil's Petrobras says it will restart publishing divestment opportunities
Brazilian state-run oil company Petroleo Brasileiro SA said on Monday that it will restart publishing divestiture opportunities, following a Supreme Court ruling that temporarily allows the company to ...
- Reuters•4 days ago
Brazil judge temporarily allows Petrobras to continue divestment program
The chief justice of Brazil's Supreme Court has restored a presidential decree regulating how state-controlled Petroleo Brasileiro SA can carry out an ambitious divestment program meant to reduce the company's significant debt. Judge Dias Toffoli's decision, signed on Friday, overturned an injunction issued by a colleague last month. Toffoli's ruling should hold until Feb. 27, when the full Supreme Court will hear the case.
- Reuters•4 days ago
Exclusive: Trafigura refuses to hand over emails in Brazil bribery case
Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. Trafigura declined to comment, pointing to a prior statement about the case in which it said it takes the accusations seriously.
- Reuters•4 days ago
New Petrobras CEO pushes to oust board members - sources
The new chief executive of Brazil's Petroleo Brasileiro SA (PETR4.SA) is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday. Roberto Castello Branco is seeking the resignation of two Petrobras board members, Segen Estefen and Durval Soledade, whose mandates were only supposed to end in 2020. Brazilian newspaper Valor Economico was first to report that Castello Branco was pushing for their exit.
Reuters•4 days agoNew Petrobras CEO pushes to oust board members: sources
The new chief executive of Brazil's Petroleo Brasileiro SA (PETR4.SA) is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday. Roberto Castello Branco is seeking the resignation of two Petrobras board members, Segen Estefen and Durval Soledade, whose mandates were only supposed to end in 2020. Brazilian newspaper Valor Economico was first to report that Castello Branco was pushing for their exit.
Reuters•4 days agoExclusive: Trafigura refuses to hand over emails in Brazil bribery case
Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro. Brazilian federal prosecutors on Friday demanded in a court filing that the Switzerland-based firm preserve the emails. Trafigura declined to comment, pointing to a prior statement about the case in which it said it takes the accusations seriously.
- Reuters•6 days ago
Brazil's Petrobras starts process to lease fertilizer units
Brazilians state-run oil firm Petroleo Brasileiro SA said in a securities filing on Thursday it has started the process of leasing out two fertilizer plants in northeast Brazil. The company said it will ...
- Reuters•7 days ago
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA on behalf of Vitol Group, Glencore and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the United States on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. An email included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition.
- Reuters•7 days ago
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on behalf of Vitol Group [VITOLV.UL], Glencore (GLEN.L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the United States on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. An email included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition.
- Reuters•7 days ago
Exclusive: Top suspect in Vitol, Glencore Brazil bribery case arrested in U.S. - court
A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on behalf of Vitol Group [VITOLV.UL], Glencore (GLEN.L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. Luiz Eduardo Loureiro Andrade was detained in the U.S. on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. An e-mail included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition.
- Market Realist•8 days ago
Chevron to Post the Highest Earnings Growth in Q4
In this series, we’re ranking global integrated energy companies ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) based on their estimated YoY (year-over-year) earnings growth in the fourth quarter.
Reuters•8 days agoBrazil's Petrobras may get $14 billion to settle dispute over some oil exploration areas
Petroleo Brasileiro SA (PETR4.SA) (Petrobras) may receive about $14 billion (£11 billion) from the Brazilian government to settle a dispute relating to certain oil exploration areas, the state-run oil firm said in a securities filing on Tuesday. Such a settlement can only be confirmed after Brazil's TCU audit court issues an opinion on the matter, Petrobras said, adding both parties have to agree on the terms. "The draft [of the agreement] under analysis by the TCU contemplates one, among the various scenarios discussed between representatives of the government and Petrobras," the company said in the filing.
- Reuters•8 days ago
Brazil's Petrobras may settle transfer-of-rights dispute for about $14 bln
Petroleo Brasileiro SA may receive about $14 billion from the Brazilian government to settle a dispute related to the so-called transfer-of-rights oil exploration areas off the coast, the state-run oil ...
- Reuters•8 days ago
Brazil's Petrobras selling 3 billion reais in local debt
SAO PAULO (Reuters) - Petroleo Brasileiro SA (PETR4.SA) is selling up to three series of local unsecured bonds to raise 3 billion reais (£630 million), the Brazilian state-run oil firm said in a securities ...
- Reuters•8 days ago
Brazil's Petrobras selling $803 mln in local debt
Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais , the Brazilian state-run oil firm said in a securities filing on Tuesday. The debt will mature in ...
- Reuters•8 days ago
Brazilian government denies to pay $14 billion to Petrobras
Brazil's Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area. The ministry told Reuters in a statement the figure, reported on Monday by the Valor Economico newspaper, was only one of several proposals passed to the transition team of President Jair Bolsonaro by his predecessor Michel Temer. The report that $14 billion had been agreed to settle the dispute helped boost the common shares of Petrobras, as the company is known, as much as 5.5 percent.
- CNBC•8 days ago
UPDATE 3-Brazilian government denies to pay $14 billion to Petrobras
Brazil's Economy Ministry denied that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute over an oil-producing zone off the Brazilian coast known as the transfer-of-rights area. The ministry told Reuters in a statement the figure, reported on Monday by the Valor Economico newspaper, was only one of several proposals passed to the transition team of President Jair Bolsonaro by his predecessor Michel Temer. The report that $14 billion had been agreed to settle the dispute helped boost the common shares of Petrobras, as the company is known, as much as 5.5 percent.
- Reuters•8 days ago
Brazil's Economy Ministry denies plans $14 bln payment to Petrobras
Brazil's Economy Ministry denied a report that the government would pay $14 billion to state-controlled oil company Petroleo Brasileiro SA to settle a dispute related to the so-called transfer of rights ...
- PR Newswire•9 days ago
Petrobras Announces Final Tender Results And Final Settlement For Cash Tender Offers
RIO DE JANEIRO , Jan. 7, 2019 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras (" Petrobras ") (NYSE: PBR) announced today the final results of its previously announced debt tender offers. ...
- Financial Times•9 days ago
[$$] Petrobras pops on report of $14bn settlement with Brazil
Hopes that Petrobras may be in line to receive a bigger-than-expected windfall from a long-running dispute with the Brazilian government jolted shares in the state-run oil major higher on Monday. The stock jumped nearly 5 per cent to a one-month high of R$25.92 after Valor Economico, a local newspaper, said the new government of Jair Bolsonaro has offered to pay $14bn to Petrobras to settle overpayment over an exploratory rights contract. dates back to 2010, when the Brazilian government granted Petrobras the right to extract 5bn barrels of oil and gas from pre-salt fields off the Brazilian coast.
- Reuters•12 days ago
Brazil's 'Chicago Oldies' aim to revive Pinochet-era economic playbook
Brazil's new Economy Minister Paulo Guedes worked in Chile 40 years ago after earning his doctorate at the University of Chicago, giving him a front-row seat to dictator Augusto Pinochet's economic shock treatment. By pursuing free market solutions, such as privatising state companies and pulling down trade barriers, the "Chicago Boys" - as they were known - laid the basis for turning a poor country into Latin America's most successful economy by most indicators. Now Guedes and a team of orthodox economists he has dubbed the "Chicago Oldies" hope to emulate the Chilean economic experience on a far larger scale in the world's eighth-largest economy.
Bloomberg•12 days agoNew Petrobras CEO Rejects Subsidies and Government Intervention
Roberto Castello Branco, who was sworn in as chief executive officer of Petrobras on Thursday, said he was “revolted” by the moral and financial crises the company has been through in recent years, and vowed to increase oil production and reduce the largest debt load of any publicly traded oil company. “Fuel prices should be in line with international ones, with a sound ‘no’ to subsidies or to attempts at having a monopoly,” Castello Branco said in his inauguration speech.
- The Wall Street Journal•12 days ago
[$$] Petrobras’s New CEO Promises to Continue Asset Sales, Cutting Debt and Reducing Costs
SÃO PAULO—Brazilian state-controlled oil giant Petrobras’s new chief executive officer, Roberto Castello Branco, took office on Thursday and promised to continue the job of cutting debt, selling assets and reducing costs begun by his immediate predecessors. Mr. Castello Branco was appointed by Brazil’s new president, Jair Bolsonaro, who was sworn in on Tuesday and has promised to make Brazil more efficient and give the country a more pro-business environment by reducing the state’s weight in the economy. Petrobras, which was the main focus of the country’s massive Operation Car Wash corruption investigation, is now in much better financial shape than it was just a few years ago after its two previous CEOs concentrated their efforts on cleaning up the messes left behind by government interference in the company.
