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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 - 10/16
27.93 BRL   +1.20%
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Petroleo Brasileiro Petrobras : Brazil Sets Parameters for Mega Oil Auction

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05/11/2019 | 10:38am EDT

Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector.

The country is set to auction off rights to excess oil in the so-called transfer-of-rights (TOR) offshore area in October, having settled a long-running dispute with Petroleo Brasileiro SA, which had already begun exploration there.

Companies will bid in the form of the percentage of profit they are willing to hand over to the government, with the CNPE energy council setting minimum profit-sharing levels. Those payments are made in the form of oil.

The minimum such payment is 26.23 percent of profit for the TOR zone's Atapu area, 23.24 percent for the zone's Buzios area, 18.15 percent for the zone's Itapu area and 27.88 percent for the zone's Sepia area, according to a document issued by CNPE on Thursday.

CNPE also passed a resolution promoting the sale of refineries by firms that have a dominant share of the refining market. The council said free competition should be encouraged in the sector and it would be in the national interest if competing refineries were bought by competing firms.

While CNPE did not mention state-run Petroleo Brasileiro, known as Petrobras, by name, the company has announced a plan to sell off eight refineries in a process that it has said could fetch some $15 billion.

Roberto Castello Branco, the chief executive of Petrobras, has said it is important that no regional refining monopolies are created via the divestment process.

Some analysts, however, have criticized the Petrobras divestment plan, as the firm will retain almost all refining capacity in the states of Sao Paulo and Rio de Janeiro, home to over 60 million people.

(c) 2019 CNEgypt. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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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 3,02%
P/E ratio 2019 8,64x
P/E ratio 2020 8,27x
EV / Sales2019 2,00x
EV / Sales2020 1,79x
Capitalization 383 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 13
Average target price 33,96  BRL
Last Close Price 27,93  BRL
Spread / Highest target 46,8%
Spread / Average Target 21,6%
Spread / Lowest Target 6,70%
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. - PETROBRAS21.69%91 179
ROYAL DUTCH SHELL2.03%228 214
PETROCHINA COMPANY LIMITED-15.73%150 759
TOTAL0.60%132 618
GAZPROM PAO--.--%77 704
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY3.50%67 786