PBR - Petroleo Brasileiro S.A. - Petrobras
| Previous Close | 14.77 |
| Open | 14.95 |
| Bid | 14.18 x 1000 |
| Ask | 14.20 x 1000 |
| Day's Range | 14.14 - 14.26 |
| 52 Week Range | 12.68 - 17.90 |
| Volume | 1,061,964 |
| Avg. Volume | 16,907,031 |
| Market Cap | 90.789B |
| Beta (5Y Monthly) | 1.90 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.28 (1.87%) |
| Ex-Dividend Date | Nov 11, 2019 |
| 1y Target Est | 19.96 |
- Bloomberg
Brazil to Stay Out of OPEC to Make the Most of Output Expansion
(Bloomberg) -- Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC.The South American nation expects to be among the top-five energy exporters by 2030, and is tapping private investment to boost output, according to energy and mines minister Bento Albuquerque. It’s also working on making rules more favorable for investors in upcoming auctions for oil and natural gas licenses.“The idea is just to increase our production and to participate more in the international oil and gas market,” he said in an interview in New Delhi. “But this is not a plan for Brazil to join OPEC or any other association or group of oil and gas producers. We don’t want restrictions, we want to increase our production.”With Brazil’s output set to significantly expand in the next few years as more of its offshore reserves are drilled, speculation has swirled over whether it will become part of OPEC. While President Jair Bolsonaro last year welcomed an informal invitation to join the group, the head of the country’s state-controlled energy company dismissed the idea.Brazil is open to having discussions with members of the Organization of Petroleum Exporting Countries on energy-related issues, Albuquerque said. He expects to visit Saudi Arabia, OPEC’s biggest producer, later this year.The Latin American country is seeking feedback from global oil majors to improve participation in upcoming auctions. It wants to increase the share of output from companies other than state-controlled Petroleo Brasileiro SA, known as Petrobras.“Petrobras has a lot of oil and lot of areas to exploit, but it doesn’t have enough funds to prospect all these areas,” Albuquerque said. “There’s a limit for Petrobras. For that reason, we want to make it attractive for others to come and do the investment.”Albuquerque’s other comments:Brazil sees room for increasing energy exports to India, one of the fastest growing consumers of oil.The country has proposed that Indian companies set up refineries in Brazil and participate in Petrobras’ sale of some of its plants.Brazil is considering opening up its nuclear industry to private companies, plans to complete its third atomic power plant by 2025 and wants to build six more.State-owned Industrias Nucleares do Brasil, or INB, will resume uranium mining at Caetite in the Bahia state next month after a gap of five years.To contact the reporters on this story: Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.net;Rajesh Kumar Singh in New Delhi at rsingh133@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Pratish Narayanan, Christine BuurmaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Financial Times
An inconvenient truth for Brazil’s biggest company
As concerns about climate change soared last year, the boss of Brazil’s biggest company delivered a message to try to assuage anxieties. , Roberto Castello Branco, the president of oil company Petrobras, promised to increase efforts to curb emissions, saying decarbonisation was “one of our priorities”. The positive message, however, masks an inconvenient truth: in contrast with many of its global peers, Petrobras has made scant effort to diversify into green energy.
- Reuters
EMERGING MARKETS-Latam assets up; Brazil gains on OPEC membership talks
* Brazil to start discussions on joining OPEC in July * Broader Latam tracks global relief rally over China virus * Argentine bonds fall as debt deadline postponed; peso flat (Adds market details, updates prices) By Ambar Warrick Jan 22 (Reuters) - Brazilian stocks and the real led gains across Latin America on Wednesday as the country looks to start discussions on joining OPEC, while most regional assets rose amid waning concerns over a Chinese virus. Brazilian Energy Minister Bento Albuquerque said Brazil will begin talks on joining the Organization of the Petroleum Exporting Countries when he visits Saudi Arabia in July. The country, whose crude production has expanded rapidly, would likely have to comply with OPEC supply curbs.
- Barrons.com
Where a Global Bond Fund Finds Yield in a Low-Rate World
The Dodge & Cox Global Bond fund offers solid returns even as some developed countries’ bonds have negative yields.
- Reuters
Exclusive: U.S. firm GIP, Shell-Cosan venture plan to bid on Brazil refineries- sources
U.S.-based financial firm Global Infrastructure Partners (GIP) is planning a joint bid with Brazil's fuel distribution company Raízen for refineries put on the block by Petroleo Brasileiro SA , two sources with knowledge of the matter said. Raízen, a joint venture between Royal Dutch Shell PLC and Brazilian ethanol producer Cosan SA , has presented non binding offers for the largest refineries put on sale by state-controlled Petrobras.
- GuruFocus.com
3 Low Price-Book Stocks for Value Investors to Consider
Petroleo Brasileiro SA Petrobras tops the list Continue reading...
- Zacks
Valaris Wins Contracts, Receives $200M Arbitration Payment
Valaris (VAL) expects cost-cut efforts to lead to more than $265 million in operating cost savings by the end of the June quarter of 2021.
- Insider Monkey
How Did Petroleo Brasileiro S.A. – Petrobras (PBR) Compare Against Hedge Fund Darlings in 2019?
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
- Benzinga
Authorities Raid Maersk Offices In Brazil As Part Of Bribery Probe
Maersk in Rio de Janeiro and Sao Paulo on Dec. 18, as part of probe into alleged bribes paid to state-owned oil company Petroleo Brasileiro SA (Petrobras). Reuters said Maersk was one of the companies targeted for allegedly paying bribes to get an edge in securing shipping contracts with Petrobras, in what it said was the "latest phase of a sprawling graft probe" popularly known as Operação Lava Jato or Operation Car Wash.
- Zacks
The Zacks Analyst Blog Highlights: Danaher, Petrobras, Fiserv, CME and ConocoPhillips
The Zacks Analyst Blog Highlights: Danaher, Petrobras, Fiserv, CME and ConocoPhillips
- Zacks
Top Stock Reports for Danaher, Petrobras & Fiserv
Top Stock Reports for Danaher, Petrobras & Fiserv
- Oilprice.com
Big Oil’s Wishlist: The Hottest Oil Auctions In 2020
2020 could see a number of high-profile oil auctions, and where 2019 was a mixed bag in terms of asset assets, this year is shaping up to be more promising
- Barrons.com
Saudi Aramco Stock Popped 10% on First Day of Trading. Steer Clear.
The Saudi royal family celebrated, but it is hard for investors to assess the listing. Political incentives and the stock’s small float make it hard to argue this is a natural price.
- Reuters
Brazil's Petrobras likely to hit upper end of target for 2019 production: exec
Brazilian state-run oil firm Petrobras will produce more than 2.7 million barrels of oil equivalent per day (boepd) in 2019, with total production coming in on the upper end of the target range, an executive said on Wednesday. In its formal guidance, Petroleo Brasileiro SA, as the firm is formally known, predicted it would produce 2.7 million boepd in 2019, though actual production could vary 2.5% above or below the target.
- Reuters
Brazil's Petrobras mulls new $400 mln lubricant plant
Brazil's state-controlled oil company Petrobras SA is mulling construction of a new lubricant plant that could quadruple its production capacity by 2022, the company's refining chief said on Tuesday. Anelise Lara, Petrobras' refining and natural gas chief, told Reuters the company will invest about $400 million to build the new plant in the Comperj refinery, raising its lubricant production capacity to 225,00 cubic meters. When the Comperj plant is concluded, Petrobras plans to shut down its lubricant production unit at Reduc.
- Reuters
Brazil's Petrobras to lease LNG operations in Bahia state
Brazilian state-run oil firm Petroleo Brasileiro SA said on Monday it will begin leasing its liquefied natural gas regasification terminal and an associated gas pipeline in the northeastern state of Bahia. Petrobras said it has initiated pre-bid procedures for parties interested in taking part in the auctions, which will be comply with state law. "The lease is in line with Petrobras' strategy of improving its capital allocation and building a favorable environment for new investors to enter the natural gas sector," it said in the statement.
- Investor's Business Daily
Petrobras Sees IBD RS Rating Rise To 71
A Relative Strength Rating upgrade for Petrobras shows improving technical performance. Will it continue?
- Reuters
CEO of Brazil's Petrobras objects to delay in Braskem sale
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday he wants to sell the company's stake in petrochemical company Braskem SA within 12 months, adding that he strongly disagreed with reported plans to delay the sale. On Monday, Reuters reported that creditors of corruption-ensnared construction conglomerate Odebrecht SA, which also has a large stake in Braskem, were in advanced talks to delay a sale for up to two years. "To me, it means they do not want to sell anything," CEO Roberto Castello Branco said during a meeting with investors in London.
- Reuters
EMERGING MARKETS-Latam FX firm; Petrobras rally takes Bovespa to new highs
* Petrobras rises 2%, says may divest billions more than forecast * Chile stocks, peso rise; central bank holds benchmark rate * Argentine c. Stocks took support from lingering optimism over the Sino-U.S. trade war, after a Bloomberg report as well as positive comments from U.S. President Donald Trump brewed some hope over a "phase-one" trade deal. Regional markets have also been propped up by some positive economic readings this week, with better-than-expected GDP data from Brazil, Latin America's largest economy, being the most notable.
