|Bid||10.68 x 1000|
|Ask||10.72 x 3000|
|Day's Range||10.63 - 10.78|
|52 Week Range||8.67 - 17.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (0.54%)|
|1y Target Est||N/A|
Apache (APA) estimates the net proceeds of $992 million from the notes offering that excludes the underwriting discount and includes expenses related to the offering.
Petroleo Brasileiro SA may abandon a plan to sell shares in Braskem SA, and could even double its stake in the petrochemical company it views as a natural hedge for oil prices. Petrobras, as the Rio de Janeiro-based company is known, is reassessing its petrochemicals strategy after having put its $4.3 billion-real ($1.1 billion) stake in Braskem up for sale in 2016 as part of a wider divestment plan, Chief Financial Officer Rafael Grisolia said in an interview. Asset sales are less urgent for Petrobras thanks to higher oil prices, cost cuts and success at reducing debt, Grisolia said, adding that the company will meet its leverage targets for 2018 even if its planned sales don’t materialize.
Williams Companies (WMB) purchases all of the 256-million outstanding common units of Williams Partners in an all stock-for-unit transaction.
Brazilian state-controlled oil company Petróleo Brasileiro SA has taken in an additional 1.034 billion reais in compensations as a result of several plea deals under the sweeping Car Wash corruption probe. ...
The Zacks Analyst Blog Highlights: BP, Apache, Concho Resources, Petrobras and Marathon Petroleum
On the news front, major energy players BP plc (BP), Apache Corporation (APA) and Concho Resources (CXO) reported strong second-quarter earnings.
BRASILIA (Reuters) - Brazilian Petróleo Brasileiro SA has settled three bank loans worth a total of $975 million that were due 2022, the state-controlled oil company said in a securities filing on Monday. ...
Brazilian Petróleo Brasileiro SA has settled three bank loans worth a total of $975 million that were due 2022, the state-controlled oil company said in a securities filing on Monday. Petrobras, as the ...
The strong earnings report assumes greater significance considering the truckers' strike in the quarter that forced Petrobras (PBR) to temporarily lower diesel prices at the pump.
Brazilian stocks led gains in Latin America after state-controlled oil company Petróleo Brasileiro SA reported a larger-than-expected jump in quarterly net profit. Rising oil prices and diesel subsidies allowed Petrobras, as the firm is known, to boost its market share, driving up its shares by more than 5 percent. That was the largest increase since May 23 when its former chief executive officer, Pedro Parente, voluntarily cut diesel prices in a bid to defuse a nationwide truckers' protest over rising fuel costs that paralyzed Latin America's top economy.
We began the series by examining BP’s (BP) second-quarter earnings by segment. BP’s earnings rose and surpassed estimates in the quarter. We then discussed BP stock, which rose on its earnings release day. We also reviewed analysts’ ratings on BP, which could strengthen going forward due to BP’s improving financial position.
Petroleo Brasileiro SA's second-quarter results on Friday will come just two months after a nationwide trucker strike over rising diesel prices forced Brazil to begin subsidizing Petrobras diesel sales. The move sparked concerns about renewed political meddling and drove investor darling Pedro Parente to resign as chief executive.