MARKET COMPOSITE
PBR - Petroleo Brasileiro S.A. Petrobras8:00:02 PM 4/19/2024
Price
$16.47
+ 0.89 (5.71%)
Petróleo Brasileiro S.A. - Petrobras produce and sells oil and gas in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. The Exploration and Production segment explores for, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the its domestic refineries. The Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment engages in the logistic and trading of natural gas and liquid natural gas; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer business operations. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petróleo Brasileiro S.A. - Petrobras was founded in 1953 and is headquartered in Rio de Janeiro, Brazil.
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Stock news

    Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.

    Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

    Petrobras (PBR) sells Cherne and Bagre fields to Perenco for $10 million, aiming to refocus investments on strategic assets and decarbonization.

    Petrobras (PBR)-operated Buzios oil field has reportedly produced 1 billion barrels of oil by the end of March this year. With new production systems, PBR expects this figure to grow even further.

    State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil's northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in the Foz do Amazonas area last year, citing possible impacts on Indigenous groups and the sensitive coastal biome.

    The board of directors of Brazilian state-run oil company Petrobras is scheduled to meet on Friday, but a much-awaited discussion on extra dividends will not be on the agenda, four sources familiar with the matter told Reuters. Market participants have been eagerly awaiting a decision on whether the oil giant will pay out the extraordinary dividends relative to its 2023 results or not, but the final word will likely come next week when shareholders gather for a general assembly, the sources sai...

    (Bloomberg) -- A Brazilian judge has reinstated Petroleo Brasileiro SA’s chairman as acrimony intensifies between government-appointed board members and those representing minority shareholders of Latin America’s largest oil producer.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching

    SHEL, BP, XOM, PBR and CVX emerge as the energy headline makers during the week.

    Petrobras (PBR) concluded the recent trading session at $15.79, signifying a +0.45% move from its prior day's close.

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