Petroleo Brasileiro Stock News

Petroleo Brasileiro SA Petrobras (PBR) CEO Joaquim Silva e Luna on Q4 2021 Results - Earnings Call Transcript

RIO DE JANEIRO, BRAZIL - Petrobras, Brazil''s largest oil company, obtained in 2021 a record net profit of US$19.9 billion, the highest in its history, thanks to the increase in crude oil prices and the rise in fuel sales, the company reported on Wednesday, February 23. The company''s profits . . . To read the […] The post Brazil’s Petrobras obtained in 2021 the highest net profit in its history appeared first on The Rio Times .

RIO DE JANEIRO: Brazilian state-run oil company Petrobras announced Wednesday it posted a record net profit of nearly $20 billion in 2021. Net profit for the final quarter last year came in at $5.64 billion, bringing 2021''s total to $19.88 billion, the company said, a stark contrast to 2020''s total of just over $1 billion due to effects of the pandemic. "This increase is mainly due to the 70 percent increase of the price of a barrel of Brent crude oil in this period, higher sales volumes in the domestic market and higher margins in the derivatives market," Petrobras, a Brazilian publicly owned company, said in a statement. The post-pandemic economic recovery also contributed to the increase of sales in Brazil, the group said. Brazil’s Lula to detach local fuel prices from global oil quotes if elected The 2021 final quarter''s net profit was down from the third quarter''s net of $5.94 billion and down 51 percent from the final quarter of 2020. The company''s debt was reduced to $47.62 billion in 2021 from $63.17 billion the year before.

RIO DE JANEIRO, Feb 24 ― Brazilian state-run oil company Petrobras announced yesterday it posted a record net profit of nearly US$20 billion (RM83.8 billion) in 2021. Net profit for the final quarter last year came in at US$5.64 billion, bringing…

Brazilian state-run oil company Petrobras smashed its all-time record for annual profits and dividend payouts in 2021, as sky-high Brent prices and a laser focus on the firm''s exploration and production business continued to bear fruit.

Petrobras (PBR) reported Q4 results after the close, posting strong free cash flow and announcing a robust dividend, in line with the Company''s recently released multi-year…

RIO DE JANEIRO (Reuters) – Brazilian state-run oil company Petrobras hit fourth quarter profit estimates, according to a Wednesday evening securities filing, as rising Brent prices drove strong sales figures.

Petrobras press release (PBR): Q4 net income of $5.64B (-51% Y/Y) Revenue of $24B (+72.7% Y/Y) misses by $1.36B.Adjusted EBITDA of $11.27B (+28% Y/Y)Shares +3.09% AH.

Brazilian state-run oil company Petrobras hit fourth quarter profit estimates, according to a Wednesday evening securities filing, as rising Brent prices drove strong sales figures.

NEW YORK , Feb. 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ZSAN, SOFI, CSCW, PBR, and GOLD. Full story available on Benzinga.com

Brazilian energy biggie, Petrobras (PBR), intends to divest 20% of its stake in a joint venture, which has interests in 14 offshore fields.

While stronger oil prices are likely to have boosted Petrobras' (PBR) profit levels in the fourth quarter, a sequential decline in production might have played spoilsport.

Brazilian oil company Petrobras has begun the non-binding phase of the sale of Petrobras America Inc.’s 20% interest in MP Gulf of Mexico, LLC (MPGoM), located in Texas. MPGoM owns offshore fields in the Gulf of Mexico. Petrobras announced this divestment in October 2021. Murphy Exploration & Production Company owns the other 80% of the …

Petroleo Brasileiro S.A. Petrobras - ADR (PBR) shares closed today at 0.7% below its 52 week high of $14.31, giving the company a market cap of $86B. The stock is currently up 25.4% year-to-date, up 54.6% over the past 12 months, and up 53.7% over the past five years. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 1.1%. Trading Activity Trading volume this week was 26.7% lower than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 66.2% The company's stock price performance over the past 12 months lags the peer average by -3.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -114.7% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Brazil''s Petrobras completed the sale of its 23.5% stake in Maranhao state gas distribution company Companhia Maranhense de Gas, or Gasmar, in the latest move toward opening the country''s natural gas sector to greater competition. Petrobras sold the stake in Gasmar, which was held by umbrella company Gaspetro, to energy company Termogas for about $11 million, the company said Feb….