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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)
  Report  
End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 12/05
30.05 BRL   +1.31%
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Petrobras, CNOOC, CNODC Win Auction to Develop Buzios Oil Field

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11/06/2019 | 09:32am EST

By Jeffrey T. Lewis and Luciana Magalhaes

SAO PAULO--Brazilian oil giant Petroleo Brasileiro SA (PBR), or Petrobras, in consortium with CNOOC Petroleum and CNODC Brasil, won the right to produce crude from the Buzios oilfield at an auction held Wednesday in Rio de Janeiro.

Petrobras will own 90% of the field, and the other two will own 5% each. The group offered the government the minimum bid of 23.24% of the oil produced from the field, and will pay a signing bonus of $16.9 billion. The bids were based on the percentage of oil each consortium offered to the government.

Brazil's National Petroleum Agency estimates that there are up to 15 billion barrels of crude in the pre-salt fields. State-controlled Petrobras has already explored the blocks up for sale Wednesday, which are located in the Santos basin off the coast of Rio de Janeiro, and produced oil from them.

Brazil was the world's ninth-largest oil producer in 2018, pumping 3.4 million barrels of oil equivalent daily, according to the U.S. Energy Information Administration. But production could more than double to 7.5 million barrels per day by 2030, according to Brazil's National Petroleum Agency, or ANP.

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

Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LIMITED 1.08% 11.28 End-of-day quote.-7.24%
ENN ECOLOGICAL HOLDINGS CO.,LTD. 0.10% 10.18 End-of-day quote.0.60%
EURO / BRAZILIAN REAL (EUR/BRL) -0.14% 4.6492 Delayed Quote.5.00%
LONDON BRENT OIL 0.51% 63.36 Delayed Quote.12.96%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS 1.38% 30.05 End-of-day quote.27.73%
WTI -0.12% 58.34 Delayed Quote.24.23%
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Financials (BRL)
Sales 2019 316 B
EBIT 2019 83 786 M
Net income 2019 39 597 M
Debt 2019 266 B
Yield 2019 2,77%
P/E ratio 2019 9,96x
P/E ratio 2020 10,9x
EV / Sales2019 2,11x
EV / Sales2020 1,95x
Capitalization 400 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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 35,73  BRL
Last Close Price 30,29  BRL
Spread / Highest target 35,4%
Spread / Average Target 18,0%
Spread / Lowest Target 5,65%
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. - PETROBRAS27.73%95 601
ROYAL DUTCH SHELL-0.12%222 391
TOTAL2.23%138 018
PETROCHINA COMPANY LIMITED-26.71%137 698
GAZPROM PAO--.--%88 797
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY10.87%72 619