|Bid||27.29 x 0|
|Ask||27.30 x 0|
|Day's Range||27.32 - 27.89|
|52 Week Range||14.17 - 29.60|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||13.89|
|Earnings Date||Mar 19, 2018 - Mar 23, 2018|
|Forward Dividend & Yield||0.02 (0.07%)|
|1y Target Est||28.55|
Chevron Corp has told Petrobras it wants proof a Pasadena, Texas, refinery will function as promised before it will take possession of the facility, Gulf Coast market sources said. Chevron announced in January it would buy the 112,229 barrel-per-day (bpd) Pasadena Refining System Inc (PRSI) refinery owned by Petrobras for $350 million (269.6 million pounds). The transfer of ownership to Chevron was put on hold on April 2, one day after planned overhauls began on the refinery, the sources said.
Brazil's Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm's traders in December indicated that efforts to root out corruption had faltered, according to three people familiar with the matter. In recent weeks, officials at Petrobras, as the firm is known, have summoned a number of current and former employees who had flagged instances of corruption at the company, particularly in relation to its trading operations, the sources said. Company officials questioned the employees on how their complaints had been handled, said the people, who requested anonymity to discuss internal matters.
Most Latin American stocks dipped in lackluster trade on Monday, in line with world stocks, while Brazil's real rose slightly as investors were encouraged that congress will take up a pension overhaul, ...
Key Events in the Energy Sector Last Week(Continued from Prior Part)Energy stocksIn the week ending on April 18, oilfield service stock McDermott International (MDR) rose the most among the stocks in the energy space. The stocks are included in the
(Reuters) - French utility Engie SA is considering a takeover of Emcor Group Inc, as it seeks to expand in the U.S. market, Bloomberg said on Saturday, citing people familiar with the matter. Engie is ...
What to Expect from Total’s Q1 2019 Results(Continued from Prior Part)Implied volatility in Total In this part, we’ll look at Total’s (TOT) stock price forecast range based on its implied volatility for the ten days until its earnings. This
RIO DE JANEIRO/SAO PAULO, April 17 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference. In an impromptu news conference at the Rio de Janeiro headquarters of Petrobras, as the company is known, Chief Executive Roberto Castello Branco announced a diesel price hike of 10 cents per liter and said Petrobras has complete control over its pricing strategy. Speaking only minutes before at an event in Sao Paulo, Chief Financial Officer Rafael Grisolia said Petrobras was looking at selling off assets such as deepwater pipelines and Petrobras Distribuidora SA, which includes a gas station chain stretching across the country.
RIO DE JANEIRO/SAO PAULO, April 17 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA is completely free of political interference and is examining divesting a wide range of assets, including its fuel distribution unit, executives said on Wednesday. In an impromptu press conference at the Rio de Janeiro headquarters of Petrobras, as the firm is known, Chief Executive Roberto Castello Branco announced a diesel price hike of 10 cents per liter and said the company has complete control over its pricing strategy. Speaking at an event in Sao Paulo only minutes before, Chief Financial Officer Rafael Grisolia said the firm was looking at selling off assets such as deepwater pipelines and Petrobras Distribuidora SA, which includes a gas station chain stretching across the country.
Brazil's state-controlled oil company, Petroleo Brasileiro SA, is analyzing the best model to include a new group of natural gas pipelines in its divestment program, Chief Financial Officer Rafael Grisolia ...
Currencies of Mexico, Chile and Colombia strengthened between 0.2 percent and 0.4 percent, but Brazil's real weakened 0.6 percent and hit a two and a half week low. Argentina's peso recovered from Tuesday's falls as the government announced new measures on Wednesday, including a freeze on prices on public services, in a bid to contain inflation ahead of upcoming elections in October. The bank said it would reinforce the "contractionary bias" of monetary policy, which includes freezing a non-intervention peso trading range until year-end and holding off from buying dollars to rein in the currency if it strengthens outside the range until the end of June.
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Implied volatility in BP In this article, we’ll look at BP (BP) stock’s price forecast range for the 18 days leading up to its earnings release. BP is expected to
SAO PAULO (Reuters) - Caixa Econômica Federal has informed Brazilian state-run oil firm Petroleo Brasileiro SA, known as Petrobras, that it intends to sell its stake in the oil firm, Petrobras said in ...
Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in Petrobras' internal affairs, high-ranking government officials said on Tuesday. A call by President Jair Bolsonaro last week to the chief executive of Petrobras led the state-run company to call off a sharp diesel price increase and revived investor fears about political influence, hammering the share price of Petrobras. The episode underscored the leverage of truckers in Brazil, which relies overwhelmingly on road freight to get agricultural exports to port and keep its economy humming.
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
Brazilian President Jair Bolsonaro does not want to interfere and cannot legally interfere in the internal matters of state-run oil firm Petroleo Brasileiro SA, the presidential spokesman said on Tuesday. ...
RIO DE JANEIRO (AP) — The government of Brazilian President Jair Bolsonaro announced Tuesday a financial package aimed at staving off a potential truckers' strike.
Brazil's energy minister said on Tuesday that there will be no change in the pricing policy of Petroleo Brasileiro SA, after the company called off a diesel price hike last week following a call from the ...
Mexico's IPC stock index climbed half a percent on broad-based gains, while Chile's IPSA rose for the first time in five days. Regional shares tracked a rally in world stocks that hit a more than six-month high as signs of stabilization in China's economy and positive data from Germany buoyed sentiment. Brazil's Bovespa stock index rose 1.5 percent with state oil firm Petroleo Brasileiro and consumer shares leading gains.
Brazil's real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped. A rebound in shares of state oil firm Petroleo Brasileiro SA , which fell more than 7 percent on Friday, provided the biggest boost for the Bovespa index. Petrobras, as the company is commonly know, slumped after it canceled a diesel price hike in the wake of Brazilian President Jair Bolsonaro's call for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm.
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Short interest in Chevron Short interest in Chevron (CVX) has fallen by 0.22 percentage points since January 2, 2019, to the current level of 0.90%. Usually, a fall in
When asked about Bolsonaro’s meddling in state-controlled Petrobras’ pricing policy this week, Guedes said he’d get more information when he returns home from Washington, where he’s been attending the spring meetings of the International Monetary Fund. Petrobras shares plunged more than 8 percent on Friday after Bolsonaro called the energy producer’s Chief Executive Officer Roberto Castello Branco and ordered him to cancel a planned increase in diesel prices.
RIO DE JANEIRO/BRASILIA (Reuters) - Brazil's Petroleo Brasileiro SA cancelled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm. Preferred shares fell 8 percent, their biggest drop in 10 months, as the abrupt reversal raised doubts about pledges to separate politics from business at Petrobras, which sold fuel at a loss for years under pressure from previous governments. Although Bolsonaro vowed orthodox economic policies in his far-right presidential campaign last year, his first 100 days in office have raised concerns that more populist factions in his government may have an upper hand over free-market voices.