MARKET COMPOSITE
PBR - Petroleo Brasileiro S.A. Petrobras8:00:01 PM 5/2/2024
Price
$17.00
+ 0.39 (2.36%)
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

    Petrobras' (PBR) cites tensions in the Middle East as the reason behind disruptions in the maritime freight transport route, consequently altering the flows of its oil exports.

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    RIG earnings call for the period ending March 31, 2024.

    The Brazilian oil giant still holds promise as an income stock, but escalating political risks have raised doubts about the sustainability of its dividend powerhouse status

    According to the average brokerage recommendation (ABR), one should invest in Petrobras (PBR). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

    Petrobras (PBR) concluded the recent trading session at $17.33, signifying a +1.64% move from its prior day's close.

    Sector Update: Energy Stocks Slump in Late Friday Afternoon Trading

    (Bloomberg) -- A seven-week tug of war over Petrobras’s dividends wound up with the company delivering a 22-billion-reais ($4.3 billion) payout to investors. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest

    Shareholders of Petrobras voted on Thursday for the Brazilian state-run oil firm to pay out 50% of the extraordinary dividends it withheld in March, easing investor concerns about the destination of those funds. Petrobras is set to dole out about 22 billion reais ($4.26 billion) relative to its 2023 results, while the remaining 50% will be kept in a fund for future disbursement, which the government signaled could happen by the end of this year. The vote settles a matter that rocked the oil gi...

    Petroleo Brasileiro SA Petrobras (NYSE:PBR) recently announced a dividend of $0.42 per share, payable on an unconfirmed future date, with the ex-dividend date set for 2024-04-26. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Petroleo Brasileiro SA Petrobras's dividend performance and assess its sustainability.