PJXA.MU - Petroleo Brasileiro SA Petrobras
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 11.45 |
| Open | 11.10 |
| Bid | 11.35 x 0 |
| Ask | 11.55 x 0 |
| Day's Range | 11.40 - 11.40 |
| 52 Week Range | 8.65 - 16.20 |
| Volume | |
| Avg. Volume | 392 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Fair Value
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UPDATE 2-Brazil's Petrobras revises strategic plan to boost low-carbon investments
Brazilian state-run oil company Petrobras on Thursday said its board of directors had approved a revision of part of its 2023-2028 strategic plan in a bid to increase investments in low-carbon initiatives. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that under the new plan it would target 6% to 15% of its total capital expenditure (CAPEX) for low carbon, up from 6% in the 2023-2027 strategic plan. The move, Petrobras said, is aimed at preparing the company for the energy transition, "reconciling the current focus on oil and gas with the search for diversification of our portfolio in low-carbon businesses."
ReutersPetrobras eyes global expansion as Brazil hopes fade, sources say
Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known, has spent years reducing its international footprint to focus on deepwater assets in Brazil's vaunted pre-salt areas, so its impulse to explore foreign opportunities is an about-face. President Luiz Inacio Lula da Silva, during his last mandate in 2008, compared the first major oil discoveries pre-salt fields far off Brazil's coastline to a winning lottery ticket.
- Reuters
FOCUS-Petrobras eyes global expansion as Brazil hopes fade, sources say
Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known, has spent years reducing its international footprint to focus on deepwater assets in Brazil's vaunted pre-salt areas, so its impulse to explore foreign opportunities is an about-face. President Luiz Inacio Lula da Silva, during his last mandate in 2008, compared the first major oil discoveries pre-salt fields far off Brazil's coastline to a winning lottery ticket.
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- Reuters
UPDATE 2-Brazil's Petrobras to appeal ban on drilling near sensitive Amazon site
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.
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AP FinanceOil drilling project near mouth of Amazon River rejected by Brazil's environmental regulator
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.
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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.
- Reuters
UPDATE 1-Brazil environment agency rejects Petrobras' request to drill at Amazon
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.
- Reuters
Brazil finance minister signals Petrobras will cut fuel prices again in July
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.
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