PBR-A - Petróleo Brasileiro S.A. - Petrobras

NYSE - NYSE Delayed Price. Currency in USD
13.63
+0.54 (+4.13%)
At close: 4:02PM EDT

13.54 -0.09 (-0.64%)
After hours: 4:31PM EDT

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Previous close13.09
Open13.51
Bid13.60 x 2200
Ask13.68 x 800
Day's range13.44 - 13.78
52-week range9.05 - 15.75
Volume10,654,712
Avg. volume5,692,887
Market cap95.143B
Beta (3Y monthly)0.02
PE ratio (TTM)18.57
EPS (TTM)0.73
Earnings dateN/A
Forward dividend & yield0.53 (4.02%)
Ex-dividend date2019-08-13
1y target est17.87
Trade prices are not sourced from all markets
  • Petrobras CEO promises to hold fuel prices steady - Bolsonaro
    Reuters

    Petrobras CEO promises to hold fuel prices steady - Bolsonaro

    Brazilian President Jair Bolsonaro said on Monday that state-run oil firm Petrobras was not planning to raise fuel prices in response to the weekend attacks in Saudi Arabia. In an evening interview with Brazil's Record TV, Bolsonaro said he was told by Petrobras Chief Executive Roberto Castello Branco that while fuel prices set by the firm tend to follow international prices, the recent rise in oil prices was "atypical" and short-term in nature.

  • Petrobras unit head removed amid bribery allegations
    Reuters

    Petrobras unit head removed amid bribery allegations

    RIO DE JANEIRO/BRASILIA (Reuters) - The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras has been removed, the company told Reuters on Thursday, after a middleman in a graft scheme implicated him in plea bargain testimony. Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil, said its board approved the removal of Ivan de Sá on Wednesday at the request of Petrobras, its majority shareholder. TBG did not state the reason for his removal, nor offer any further details.

  • Reuters

    Exclusive: Middleman implicates top executives at Vitol, Trafigura in alleged bribery ring

    BRASILIA/RIO DE JANEIRO (Reuters) - A middleman in a graft scheme at Brazilian state oil company Petrobras has implicated the chairman of global energy trading firm Vitol in a bribery operation to obtain oil contracts, as well as two high-ranking executives at rival Trafigura and its former CEO, according to plea bargain testimony seen by Reuters. The individuals named in the previously unreported documents are Ian Taylor, the chairman of Vitol, as well as Claude Dauphin, the former chief executive and chairman of Trafigura. Trafigura co-head of oil trading José Larocca and chief operating officer Mike Wainwright were also implicated in the alleged scheme.

  • Privatize Petrobras? Lofty ambition, higher hurdles
    Reuters

    Privatize Petrobras? Lofty ambition, higher hurdles

    Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras, but stiff political opposition could stifle any effort to sell the country's corporate crown jewel. Petrobras, or Petroleo Brasileiro SA, was founded in 1953 by former president Getulio Vargas following a nationalist campaign that began in the 1940s with the anthem "The oil is ours". Selling the company would cap off the drive by Economy Minister Paulo Guedes, a Chicago school-trained economist and disciple of Thatcherite economics, to maximize privatization, deregulation and free-market activity.

  • Exclusive: Brazil's Petrobras refineries sale lures trading cos, PetroChina, Saudi Aramco - sources
    Reuters

    Exclusive: Brazil's Petrobras refineries sale lures trading cos, PetroChina, Saudi Aramco - sources

    SAO PAULO/RIO DE JANEIRO (Reuters) - Brazil's planned privatisation of eight Petroleo Brasileiro SA refineries has lured several of the world's largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. Around 20 companies have signed non-disclosure agreements granting them access to the refineries' data and signalling that they are considering a bid, the sources added, speaking on condition of anonymity to disclose private details of the sale. The first round of non-binding offers for four of the eight refineries Petrobras put on the block is due on Oct. 11, the sources said.

  • Oilprice.com

    Brazil Government Looks To Fully Privatize Petrobras By 2022

    Brazil’s government wants to privatize Petrobras by the end of its term, in 2022, Reuters reports, citing information from unnamed sources carried by Brazilian media

  • New Offshore Boom Is Propping Up This Niche Market
    Oilprice.com

    New Offshore Boom Is Propping Up This Niche Market

    The global market for floating production, storage and offloading vessels is rebounding again, with as many as 24 new FSPO’s expected by 2020

  • Oilprice.com

    Could This Be A Turning Point For Petrobras?

    Brazil’s Petrobras is making some dramatic moves to raise the company’s bottom line and increase cash flow, but will its efforts pay off?

  • Oil Struggles As Markets Rocked By Trade War
    Oilprice.com

    Oil Struggles As Markets Rocked By Trade War

    Oil prices have had a tough start to the week as the trade war between China and the U.S. intensified and the Treasury Department labelled China a currency manipulator

  • Exclusive - Petrobras LPG unit seen attracting Mubadala, SHV, Itausa bids: sources
    Reuters

    Exclusive - Petrobras LPG unit seen attracting Mubadala, SHV, Itausa bids: sources

    Bidding groups led by Brazilian investment firm Itausa Investimentos SA , Abu Dhabi state investor Mubadala and SHV Energy of the Netherlands are expected to submit binding proposals to acquire state-controlled oil company Petroleo Brasileiro SA 's LPG unit, two sources with knowledge of the matter said on Monday. Private equity firms CVC Capital Partners and Advent International have decided not to bid, the sources said ahead of a Wednesday deadline, after deciding the deal would be a better fit for strategic buyers. CVC and Advent declined to comment.

  • Reuters

    Deals of the day-Mergers and acquisitions

    ** Fortress Investment Group-backed New Media Investment Group said it will buy USA Today-owner Gannett Co in a $1.4 billion deal, combining two of the biggest U.S. daily newspapers. ** An Italian court has accepted a request by Astaldi for creditor protection after construction company Salini Impregilo agreed to help rescue the troubled builder as part of a broader plan. ** Czech businessman Daniel Kretinsky's investment vehicle said it would not raise its 5.8 billion euro ($6.5 billion) bid for Metro, after failing to convince two of the German retailer's top shareholders of the deal.

  • Petroleo Brasileiro S.A. - Petrobras (PBR) Q2 2019 Earnings Call Transcript
    Motley Fool

    Petroleo Brasileiro S.A. - Petrobras (PBR) Q2 2019 Earnings Call Transcript

    PBR earnings call for the period ending June 30, 2019.

  • Oilprice.com

    Asset Sales Drive Petrobras To Highest Ever Quarterly Profit

    Brazil’s state oil and gas major Petrobras, once the company with the biggest debt pile in the global oil and gas industry, booked the highest quarterly profit on record for the second quarter of 2019 on the back of asset sales

  • Exclusive: Brazil's Petrobras studies downsizing logistics unit
    Reuters

    Exclusive: Brazil's Petrobras studies downsizing logistics unit

    Brazilian state-run oil firm Petrobras is studying a mass transfer of employees out of its Transpetro logistics unit, according to a document seen by Reuters, in a sign the company may be gearing up to privatize additional assets. The human resources departments of Petroleo Brasileiro SA, as the company is formally known, and Transpetro are developing an "action plan for the evaluation and possible return of (employees) ceded to Transpetro from the parent company," according to the document, dated July 24. It is common at Petrobras for employees to be hired by the parent company and later transferred to a subsidiary.

  • AFP

    Iran ships stranded in Brazil are set to depart: officials

    Two Iranian ships stranded off the coast of Brazil for weeks were setting sail Saturday, officials said, after a court ordered state oil giant Petrobras to fuel up the vessels. The bulk carriers had been stuck at Paranagua port in the southern state of Parana since early last month after Petrobras refused to provide fuel for fear of breaching US sanctions on Iran. The ships dragged Brazil into a global standoff which has seen rising tensions and fears of a military clash involving Tehran and Washington, which imposed a raft of punitive measures on Iran and companies with ties to the Islamic republic.

  • AFP

    Iran ships stranded in Brazil to depart this weekend: officials

    Two Iranian ships stranded off the coast of Brazil for weeks will set sail this weekend, officials said Saturday, after a court ordered state oil giant Petrobras to fill up the vessels. The bulk carriers have been stuck at Paranagua port in the southern state of Parana since early last month after Petrobras refused to provide fuel for fear of breaching US sanctions. Petrobras would not confirm if it was complying with the Supreme Court order handed down Thursday for it to refuel the ships.

  • AFP

    Brazil judge orders Petrobras to refuel Iran ships: source

    A Supreme Court judge on Thursday ordered Brazil's state oil giant Petrobras to refuel two Iranian ships stranded off the country's coast, a source involved in the dispute and a report said. The order came after Iran's top envoy to Brazil told Bloomberg that Tehran could suspend imports from the Latin American country if the issue was not resolved. Petrobras has refused to provide fuel to the vessels, which have been stuck at Paranagua port in the southern state of Parana since early last month, for fear of breaching US sanctions.

  • Associated Press

    Brazil's Petrobras cedes control of fuel distributing unit

    Brazilian oil giant Petrobras sold off its majority share in the company's fuel distribution branch, following up on President Jair Bolsonaro's campaign promises to implement a liberal economic agenda. Petrobras said Wednesday the offer had already raised 8.5 billion reais ($2.26 billion), with its stake in the Petrobras Distribuidora unit reduced to 41.25 percent, down from the 70 percent it previously owned. Gilberto Braga, a finance professor at the Ibmec university in Rio de Janeiro, said the sale of one of Petrobras' most valuable assets sent a strong and positive message to investors, that Bolsonaro is following through with his campaign promises.

  • Reuters SG

    Singapore stocks up on low-sulphur fuel ahead of new shipping rules

    Oil traders are chartering more ships and snapping up fuel oil storage tanks in and around Singapore, the world's top bunkering port, to stock up cleaner fuel that will meet new shipping rules coming into force next year, industry sources said. The move has pushed up lease rates for tank storage in Singapore and increased the number of supertankers floating in Singapore and Malaysian waters as traders store fuel months ahead, betting on a spike in prices for low-sulphur fuel oil (LSFO). Storage tank rates for crude and fuel oil have risen nearly 20 percent since the start of the year to about S$5.00 to S$5.50 ($3.68 to $4.05) per cubic metre for a lease period of 6 to 12 months.

  • Associated Press

    Brazil's state oil company denies fuel to 2 Iranian ships

    Brazil's state oil company has refused to supply two Iranian ships anchored in the southern port of Paraná because they belong to a company sanctioned by the United States. Petrobras said in a statement Friday that the Iranian ships, which were hired by an export-import company, appear on a list of the U.S. government's Office of Foreign Assets Control. "If Petrobras supplies the ships, it runs the risk of being sanctioned and included on the same list and suffer serious harm," the statement said.

  • AFP

    Brazil's Petrobras refuses to refuel Iran ships due to US sanctions

    US-listed Brazilian state oil giant Petrobras said Friday it will not refuel two Iranian vessels that have been stuck for weeks at a Brazilian port for fear of violating American sanctions. Washington has imposed a slate of sanctions on Tehran and companies with ties to the Islamic republic since President Donald Trump pulled the United States out of a landmark nuclear pact last year. The ships Bavand and Termeh, which reportedly belong to Iranian company Sapid Shipping, arrived at Paranagua port in the southern state of Parana early last month, an official at the port told AFP.

  • Iran grain ships stuck in Brazil without fuel due to U.S. sanctions
    Reuters

    Iran grain ships stuck in Brazil without fuel due to U.S. sanctions

    SAO PAULO/RIO DE JANEIRO (Reuters) - Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States. The vessels Bavand and Termeh came to Brazil a couple months ago carrying urea, a petrochemical product used as fertiliser. Food is not covered by U.S. sanctions, and Iran is one of the largest buyers of Brazil's agricultural commodities, importing more than 2.5 million tonnes of Brazilian corn so far this year — more than any other country.

  • Exclusive: Petrobras eyes exit from Brazil bourse's good governance program - sources
    Reuters

    Exclusive: Petrobras eyes exit from Brazil bourse's good governance program - sources

    Brazilian state-run oil firm Petrobras is considering an end to its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange, two sources told Reuters. Chief Executive Roberto Castello Branco is pushing the possibility of exiting the Distinction in Governance Program for State-Run Firms, established by exchange operator B3 SA, said the people familiar with deliberations, who requested anonymity to discuss confidential matters. Petrobras added that improvements to its compliance protocols have "stood out" in recent years and that many requirements of the B3 program are already part of Brazilian law, so leaving the program would not necessarily weaken the company's corporate governance.

  • Will Shell’s Q2 Earnings Outperform Peers?
    Market Realist

    Will Shell’s Q2 Earnings Outperform Peers?

    Shell’s Q2 earnings are expected to rise year-over-year.