Petroleo Brasileiro Stock News

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….

Petrobras has started a non-binding phase for the sale of its interest in a company, which holds E&P assets in the Gulf of Mexico. The post Petrobras kick-starts divestment process for Gulf of Mexico assets appeared first on Offshore Energy .

In line with announcements made in Q4 of 2021, Petrobras (PBR) kicked off the Company''s asset sale program in the Gulf of Mexico Wednesday

Petrobras (PBR) closed the most recent trading day at $13.77, moving -1.5% from the previous trading session.

Brazil's Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for

Brazil's Petrobras (PBR) declares record pre-salt production and gas usage.