|Bid||11.25 x 0|
|Ask||11.40 x 0|
|Day's Range||10.90 - 10.90|
|52 Week Range||8.55 - 16.20|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Petrobras (PBR) seeks reconsideration of Ibama's environmental license denial, citing compliance with requirements and commitment to environmental protection.
Is Petrobras (PBR) a great pick from the value investor's perspective right now? Read on to know more.
Brazilian state-run oil company Petrobras will next week appeal the decision from environmental regulator Ibama barring it from drilling an oil well near the Amazon river, the company said on Friday. The dispute marks an early test for leftist President Luiz Inacio Lula da Silva, who has sought to balance environmental concerns against the need to promote economic development at a time when government finances are tight. Petrobras believes it is possible to maintain equipment it has deployed to the drilling site through May 29 without additional costs, the company said in a securities filing.
Brazil’s top environmental regulator rejected a planned offshore oil drilling project by the state-owned oil company Petrobras near the origin of the Amazon River in the Atlantic Ocean on Thursday (May 18), showcasing the government’s commitment to environmental conservation.
Petrobras (PBR) faces a setback in the Amazon River well drilling project following the rejection of its proposal by Ibama. The dismissal is based on a technical recommendation citing discrepancies.
(Bloomberg) -- Brazil’s environmental authority has rejected Petrobras’s request to drill its first well at an offshore oil frontier known as the Equatorial Margin, delivering a major setback to the state-controlled oil company’s exploration plans. Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Exposing Risk
Petrobras (PBR) discovers hydrocarbons in an exploratory well in the Aram block, situated in the Santos Basin pre-salt offshore Brazil.
Brazil’s environmental regulator has rejected a license for a controversial offshore oil drilling project near the mouth of the Amazon River that had drawn strong opposition from activists who warned of its potential for damaging the area. The agency’s president, Rodrigo Agostinho, highlighted environmental concerns in announcing the decision Wednesday evening to turn down the state-run oil company Petrobras' request to drill the FZA-M-59 block. With Brazil's existing production set to peak in coming years, Petrobras has sought to secure more reserves off Brazil’s northern coast.
Brazil’s environmental regulator refused on Wednesday to grant a license for a controversial offshore oil drilling project near the mouth of the Amazon River, prompting celebration from environmentalists who had warned of its potential impact. The decision to reject the state-run oil company Petrobras' request to drill the FZA-M-59 block was made “as a function of a group of technical inconsistencies," said the agency's president, Rodrigo Agostinho, who highlighted environmental concerns. With Brazil's existing production set to peak in coming years, Petrobras has sought to secure more reserves off Brazil’s northern coast.
The Brazilian environmental protection agency Ibama said on Wednesday it had rejected a request from state-run oil company Petrobras to drill a well at the mouth of the Amazon river. Petrobras has for years been trying to open up a new exploration front on the coast of Amapa state in northern Brazil near Guyana, where Exxon Mobil has made important discoveries. A technical report from Ibama had previously advised against the request, citing discrepancies in environmental studies, inadequate measures for communicating with indigenous communities, and insufficiencies in Petrobras' plan to safeguard the region's wildlife.
Brazil Finance Minister Fernando Haddad indicated on Wednesday that state-run oil company Petrobras will once again reduce gasoline prices in July when a tax on oil exports expires. Speaking at a hearing in the Lower House, Haddad said: "We did not lower prices as much as we could precisely because we are waiting for July 1st, when the export tax ends and the tax resumption cycle (on fuels) ends." Petrobras did not immediately respond to a request for comment.
Today's Research Daily features new research reports on 16 major stocks, including Broadcom Inc. (AVGO), Bank of America (BAC) and Thermo Fisher Scientific (TMO).
* Brazil's retail sales beat estimates * Turkey bank stocks, bonds fall for third day * Ecuador president dissolves legislature * Latam FX down 0.8%, stocks down 0.3% By Amruta Khandekar May 17 (Reuters) - Most Latin American currencies fell against a firm dollar on Wednesday with the Mexican peso spearheading declines, while Turkish assets fell for a third straight day following the presidential election outcome. MSCI's index for Latin American currencies was down 0.8% at 1416 GMT, as the dollar strengthened amid ongoing talks to raise the U.S. debt ceiling. The Mexican peso fell 0.7%, slipping further away from seven-year highs hit earlier this week, a day ahead of a monetary policy decision where the central bank is expected to keep interest rates unchanged.
At the end of the first three months of 2023. Petrobras (PBR) had a net debt of $37,588 million, down from $40,072 million a year ago and $41,516 million as of Dec 31, 2002.
(Bloomberg) -- Brazilian oil giant Petrobras is shielding domestic consumers from volatile global fuel-market gyrations, bowing to pressure from President Luiz Inacio Lula da Silva who made controlling gasoline costs a key election pledge. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoldman Banker Wins Promotion, Then L
* Chile's peso leads declines among Latam FX * Mexican peso slips from 7-year highs * Brazilian lawmaker proposes to toughen new fiscal rules (Updates prices throughout, adds market details) By Amruta Khandekar, Khushi Singh and Ankika Biswas May 16 (Reuters) - Most Latin American currencies fell on Tuesday, with the Chilean peso leading declines on a slide in copper prices, while the rout in Turkish markets deepened following President Tayyip Erdogan's strong showing in the elections. Weighing on the Chilean peso was declining copper prices as data from top consumer China suggested that the country's economic recovery was losing momentum.
In this article, we discuss 15 richest countries in Central and South America. If you want to see more countries in this selection, check out 5 Richest Countries in Central and South America. According to the IMF, Latin America’s economies managed to withstand the shocks of Russia’s invasion of Ukraine and global interest rate increases […]
Leftist President Luiz Inácio Lula da Silva has called for more control of gasoline and diesel prices, which analysts see as a possible return to costly fuel subsidies.
Brazilian state-run oil company Petrobras said on Monday it made no decision on a potential increase in its stake in petrochemical firm Braskem, after local media reported it was mulling buying out its partner Novonor. The firm said in a securities filing its board and management made no decision regarding "the process of disinvestment or stake increase in Braskem." Newspaper Folha de S.Paulo reported earlier on Monday that the firm was considering acquiring Braskem's shares owned by Novonor, formerly known as Odebrecht.
* Chile holds rates steady * Argentina's cbank hikes interest rates to 97% * Brazil's Petrobras to discuss fuel pricing policy change * Turkey assets weaken as presidential runoff looms By Amruta Khandekar May 15 (Reuters) - Latin American currencies gained on Monday with Chile's peso hitting an over three-month high, while Turkish assets were pressured as presidential elections headed towards a runoff between incumbent Tayyip Erdogan and his main rival. The peso climbed 0.7%, extending gains from Friday, when the country's central bank kept its benchmark interest rate unchanged at 11.25%.
The upcoming summer driving season and last month’s soft inflation report warrant a look at the energy stocks to explode as oil prices soar. Energy markets have been incredibly volatile since the start of the year. Oil prices have taken a hit on the back of high-interest rates, seasonal weaknesses, and the slowdown in economic growth. Oil prices could be in for sustained growth ahead which should have investors thinking over the best energy stock picks for oil price rally. The next interest rate
Petroleo Brasileiro ADR shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.
SAO PAULO (Reuters) -Brazil's state-run oil company Petrobras said on Thursday its board approved dividends later this year of about 24.7 billion reais ($4.94 billion), but also hinted at future changes in its payout policy. Petroleo Brasileiro SA, as the firm is formally known, said in a filing with regulators that it will pay dividends of 1.893577 reais per share in two installments on August 18 and September 20. The Brazilian oil giant noted that the payouts are in line with its current shareholder remuneration policy, which allows distributions to investors of 60% of the difference between operating cash flow and investments.
Brazil's state-run oil company Petrobras said Tuesday that it is not conducting any asset sales in the private market and denied it was in talks with Abu Dhabi's Mubadala investment fund about its stake in the Braskem petrochemical company. Petrobras' statement came after Novonor, also a shareholder in Braskem, on Friday in response to local media reports said it had received non-binding proposals from potential interested parties for its controlling stake in Braskem. "Petrobras, in relation to the news reported in the media, informs that it is not conducting any sale operation structuring in the private market and that it does not participate in the negotiations mentioned," the oil company said.