Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Petrobras Expects to Sell Some Refineries by Year-End

share with twitter share with LinkedIn share with facebook
share via e-mail
05/19/2020 | 11:21am EDT

By Jeffrey T. Lewis

SAO PAULO--Petreleo Brasileiro SA, or Petrobras, expects to close agreements by the end of this year for some of the eight refineries it is selling as part of its program of asset divestment, Chief Executive Officer Roberto Castello Branco said Tuesday.

None of the companies considering bidding on the refineries has shown signs of losing interest, Mr. Castello Branco said during an online interview organized by Banco Safra SA. Some of the potential bidders have asked Petrobras to delay the deadline for submitting bids until June, Mr. Castello Branco said.

Petrobras announced last year that it plans to sell eight of its refineries in Brazil, and the process of selling four of those is more advanced. The company is carrying out a program to sell older, less productive oil fields and other assets to cut debt and focus its investment on its rich new fields off the coast of Rio de Janeiro and Sao Paulo states.

"We think that in a short time we'll have good news to announce some sales," Mr. Castello Branco said Tuesday, without providing details on which assets might be sold.

 

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

 

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -2.54% 5.6781 Delayed Quote.26.24%
LONDON BRENT OIL 5.47% 42.02 Delayed Quote.-40.24%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS -0.19% 21.43 End-of-day quote.-28.99%
WTI 4.99% 39.056 Delayed Quote.-39.82%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on PETRÓLEO BRASILEIRO S.A. -
09:07aPetrobras Starts Process of Selling Stakes in Five Electric Companies
DJ
03:36aPETRÓLEO BRASILEIRO S A PETROBRAS : Petrobras on stakes in power generation comp..
PU
05/28PETRÓLEO BRASILEIRO S A PETROBRAS : Open letter from the CEOs of the Oil and Gas..
PU
05/26EXCLUSIVE : Coronavirus spreads in Brazil's oilfields, as 6 offshore operators r..
RE
05/21Shell has begun drilling Saturn offshore block, Brazil chief says
RE
05/21PETRÓLEO BRASILEIRO S A PETROBRAS : Petrobras on sale of assets in Colombia
PU
05/19PETRÓLEO BRASILEIRO S A PETROBRAS : Transcript First Quarter Results 2020 May 15..
PU
05/19Petrobras Expects to Sell Some Refineries by Year-End
DJ
05/18PETRÓLEO BRASILEIRO S A PETROBRAS : Petrobras on activities in Albacora
PU
05/15Petrobras looks to China's 'teapots' to keep oil exports flowing
RE
More news
Financials
Sales 2020 279 B 54 723 M 54 723 M
Net income 2020 -31 732 M -6 216 M -6 216 M
Net Debt 2020 357 B 69 941 M 69 941 M
P/E ratio 2020 -9,69x
Yield 2020 2,17%
Capitalization 285 B 55 622 M 55 823 M
EV / Sales 2019
EV / Sales 2020 2,30x
Nbr of Employees 57 983
Free-Float 64,3%
Chart PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Duration : Period :
Petróleo Brasileiro S.A. - Petrobras Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRÓLEO BRASILEIRO S.A. -
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 27,95 BRL
Last Close Price 21,43 BRL
Spread / Highest target 63,3%
Spread / Average Target 30,4%
Spread / Lowest Target -2,01%
EPS Revisions
Managers
NameTitle
Roberto da Cunha Castello Branco President, Chief Executive Officer & Director
Eduardo Bacellar Leal Ferreira Chairman
Andrea Marques De Almeida Chief Financial & Investor Relations Officer
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
Sector and Competitors
1st jan.Capitalization (M$)
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-28.99%55 622
SAUDI ARABIAN OIL COMPANY-8.65%1 714 087
ROYAL DUTCH SHELL PLC-40.19%134 363
PETROCHINA COMPANY LIMITED-29.92%105 845
TOTAL S.A.-26.60%105 268
GAZPROM-21.43%68 629