Petróleo Brasileiro S.A. - Petrobras·Energy

Brazilian state-run oil firm Petrobras said on Thursday it will reimburse fuel distributors that had won a liquefied petroleum gas (LPG) auction in March, paying them the difference between their bids and import prices at the time.

Brazil's state-run oil company Petrobras could raise the prices of natural gas sold to distributors by some 20% starting in May due to a global hike in oil prices, the executive director of industry group Abegas said on Tuesday.

Petróleo Brasileiro S.A. - Petrobras has surged nearly 75% YTD, outperforming the S&P 500, driven by robust oil earnings and operational execution. PBR's integrated portfolio, ramping offshore production, and high-quality pre-salt assets underpin resilient cash flow and future growth. Dividend yield approaches 6%, with a 45% FCF payout policy and potential for special dividends amid rising Brent prices.

Brazilian state-run oil firm Petrobras said on Monday its board of directors has elected member Marcelo Weick Pogliese as the new chairman.

Brazil oil regulator ANP said on Thursday it has kicked off an inspection into state-run oil firm Petrobras' auctions of liquefied petroleum gas, citing suspicions of price gouging.

Brazilian President Luiz Inacio Lula da Silva said on Thursday the government will seek to annul an auction at which state-run oil firm Petrobras sold liquefied petroleum gas (LPG) at prices he described as too high due to the war in Iran.
Petróleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. 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 Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, 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 is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.
Energy
Oil & Gas Integrated
41,778
2003-10-07
-0.07