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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petróleo Brasileiro S.A. - Petrobras    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
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Petróleo Brasileiro S A Petrobras : Brazilian Oil Slicks Likely Originated in Venezuela, Report Says

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10/09/2019 | 12:14pm EDT

By Luciana Magalhaes and Jeffrey T. Lewis

SÃO PAULO -- Long stretches of Brazil's northeastern coast have been stained by oil slicks since early September, and at least some of the crude probably came from Venezuelan fields, a report by Brazilian oil company Petróleo Brasileiro SA said, according to a person familiar with the report.

Petrobras, as the company is known, declined to confirm the report exists.

Brazilian environmental agency IBAMA said that the crude oil has been found at 138 different points in nine states, and that chemical analysis of the black gook indicates it wasn't pumped from Brazilian fields.

Brazilian legal and military authorities are investigating the source of the oil, but so far they've declined to say whether or not the crude originated in Venezuela.

President Jair Bolsonaro said Tuesday that there were indications the spill might have criminal origins.

"The volume hasn't been consistent, if it were from a tanker that had sunk there would still be oil coming out," Mr. Bolsonaro told reporters in Brasília. "It looks like something was criminally released."

Tons of crude have already been removed from the sites in states including Sergipe, Pernambuco and Alagoas, and the clean-up continues, the president's office said.

At least 10 sea turtles have been killed by the spilled oil, and more have been sickened, according to IBAMA.

Write to Luciana Magalhães at luciana.magalhães@wsj.com<mailto:es@wsj.com> and to Jeffrey T. Lewis at jeffrey.lewis@wsj.com<mailto:jeffrey.lewis@wsj.com>

Write to Luciana Magalhaes at Luciana.Magalhaes@wsj.com and Jeffrey T. Lewis at jeffrey.lewis@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
PETRÓLEO BRASILEIRO S.A. - PETROBRAS 0.18% 27.31 End-of-day quote.17.90%
WTI -2.26% 53.53 Delayed Quote.14.98%
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Financials (BRL)
Sales 2019 338 B
EBIT 2019 81 331 M
Net income 2019 38 441 M
Debt 2019 291 B
Yield 2019 3,09%
P/E ratio 2019 8,45x
P/E ratio 2020 8,09x
EV / Sales2019 1,96x
EV / Sales2020 1,76x
Capitalization 372 B
Chart PETRÓLEO BRASILEIRO S.A. - PETROBRAS
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Petróleo Brasileiro S.A. - Petrobras Technical Analysis Chart | MarketScreener
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Technical analysis trends PETRÓLEO BRASILEIRO S.A. -
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 34,13  BRL
Last Close Price 27,31  BRL
Spread / Highest target 50,1%
Spread / Average Target 25,0%
Spread / Lowest Target 9,12%
EPS Revisions
Managers
NameTitle
Roberto da Cunha Castello Branco Chief Executive Officer & Director
Eduardo Bacellar Leal Ferreira Chairman
Andrea Marques De Almeida Chief Financial & Investor Relations Officer
Rudimar Andreis Lorenzatto Chief Technology & Production Development Officer
Marcelo Filho Director
Sector and Competitors
1st jan.Capitalization (M$)
PETRÓLEO BRASILEIRO S.A. - PETROBRAS17.90%90 938
ROYAL DUTCH SHELL2.48%229 797
PETROCHINA COMPANY LIMITED-14.49%152 058
TOTAL0.51%132 665
GAZPROM PAO--.--%78 481
NK ROSNEFT' PAO3.24%67 616