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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

PETROLEO BRASILEIRO SA PETROBRAS (PETR4)
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Petroleo Brasileiro Petrobras : Petrobras achieves top grade in Governance Indicator

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11/10/2017 | 10:14pm CEST

Rio de Janeiro, November 10, 2017 - Petróleo Brasileiro S.A. - Petrobras reports that it has achieved top grade in the Governance Indicator ('IG-SEST') prepared by the Secretariat of Coordination and Governance of State-Owned Enterprises - SEST, under the Ministry of Planning, Development and Management - MPDG, with the results gathered in its 1st Assessment Report. The company obtained grade 10.0 and reached Governance Level 1.

IG-SEST is a continuous monitoring tool for purposes of measuring compliance with the requirements set forth by Law No. 13.303/2016, and it aims to track the performance of the quality of governance of Federal state-owned companies. The methodology adopted consists of items divided into three dimensions: 'Management, control and audit'; 'Transparency of information'; and 'Councils, committees and boards.' Based on the outcome of the assessment, the company is ranked among four levels of governance, with Level 1 being the highest, and receives the SEST Certificate with Seal of Governance.

Petrobras received grade 10.0 in the three dimensions assessed, with highlights on: (i) transparency of information; (ii) internal controls system; (iii) segregation of the risk management area from other activities; (iv) training of senior management; and (v) participation of independent members on the Board of Directors and the Audit Committee.

This result demonstrates Petrobras' commitment with the continuous improvement of its governance, as well as its alignment to best market practices.

PETROBRAS - Petróleo Brasileiro SA published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 21:13:01 UTC.

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Financials (BRL)
Sales 2018 339 B
EBIT 2018 71 939 M
Net income 2018 29 888 M
Debt 2018 285 B
Yield 2018 4,23%
P/E ratio 2018 7,65
P/E ratio 2019 6,07
EV / Sales 2018 1,68x
EV / Sales 2019 1,45x
Capitalization 284 B
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 24,5  BRL
Spread / Average Target 22%
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Managers
NameTitle
Ivan de Souza Monteiro President, Chief Executive Officer & Director
Luiz Nelson Guedes de Carvalho Chairman
Rafael Salvador Grisolia Chief Financial Officer
Roberto Moro Chief Engineering & Technology Officer
Hugo Repsold Chief Technology & Production Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS24.78%69 560
ROYAL DUTCH SHELL4.19%284 102
PETROCHINA COMPANY8.90%224 022
TOTAL20.60%173 825
EQUINOR28.54%92 286
NK ROSNEFT' PAO--.--%71 917