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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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Petrobras, Equinor tie up for natural gas projects

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10/09/2019 | 08:37pm EST

RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Wednesday it has signed a memorandum of understanding with Oslo-based Equinor ASA focussed on the joint development of natural gas business projects.

The companies aim to maximize downstream value through thermoelectric generation as well as feasibility studies related to gas processing assets and pipelines owned by Petrobras in the Rio de Janeiro region where a natural gas processing plant is being built in Itaboraí.

"These locations have potential to become relevant natural gas hubs in the country in the coming years," Petrobras said.

The companies intend to combine efforts in investment in the natural gas, liquefied natural gas (LNG) and power generation segments, it said.

Currently, Petrobras and Equinor are partners in the Roncador oilfield and in several exploratory blocks, including BM-C-33, Dois Irmãos and C-M-709.

(Reporting by Anthony Boadle; Editing by Muralikumar Anantharaman)

Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -1.64% 171 Delayed Quote.-5.39%
LONDON BRENT OIL 2.77% 62.44 Delayed Quote.16.92%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS -1.03% 28.78 End-of-day quote.26.90%
WTI 3.02% 56.97 Delayed Quote.25.46%
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Financials (BRL)
Sales 2019 318 B
EBIT 2019 85 768 M
Net income 2019 45 305 M
Debt 2019 310 B
Yield 2019 3,03%
P/E ratio 2019 8,83x
P/E ratio 2020 10,4x
EV / Sales2019 2,21x
EV / Sales2020 1,95x
Capitalization 394 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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 12
Average target price 35,59  BRL
Last Close Price 28,78  BRL
Spread / Highest target 42,5%
Spread / Average Target 23,7%
Spread / Lowest Target 11,2%
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. - PETROBRAS26.90%93 507
ROYAL DUTCH SHELL4.25%232 742
TOTAL5.80%141 868
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