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    PETR4   BRPETRACNPR6

PETROBRAS

(PETR4)
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Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-06-24 pm EDT
26.29 BRL   -0.76%
06/24PETROBRAS : on Board of Directors Meeting June 24, 2022
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06/24PETROBRAS : on manifestation of the Eligibility Committee June 24, 2022
PU
06/24Bolsonaro's pick for Petrobras CEO gets OK from eligibility committee
RE
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Brazil's Bolsonaro hints at change in Petrobras' profit distribution

05/16/2022 | 01:57pm EDT

May 16 (Reuters) - Brazilian President Jair Bolsonaro suggested on Monday he may tinker with state-run company Petrobras' profit policy, cutting the percentage distributed to shareholders, as he looks to curb fuel price hikes ahead of the country's October elections.

In a speech during an event in Sao Paulo, Bolsonaro said that all the oil companies in the world have reduced their profit margins during this economic crisis, except for Petrobras.

Earlier, the President said "there is more to come on the oil issue" and the government is "looking for alternatives." (Reporting by Lisandra Paraguassu Editing by Chris Reese)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.71% 5.5524 Delayed Quote.-13.08%
LONDON BRENT OIL 2.22% 112.44 Delayed Quote.44.36%
PETROBRAS -0.76% 26.29 Delayed Quote.-7.59%
WTI 3.07% 107.53 Delayed Quote.38.53%
All news about PETROBRAS
06/24PETROBRAS : on Board of Directors Meeting June 24, 2022
PU
06/24PETROBRAS : on manifestation of the Eligibility Committee June 24, 2022
PU
06/24Bolsonaro's pick for Petrobras CEO gets OK from eligibility committee
RE
06/24PETROBRAS : on the sale of E&P assets in the Espírito Santo Basin June 24, 2022
PU
06/24Latin America's leaders are waging 'war' on inflation; so far they're losing
RE
06/24Norway's BW Energy Wins Petrobras Nod to Buy Golfinho, Camarupim Clusters Offshore Braz..
MT
06/23Brazil's Petrobras to sell deepwater assets to BW Energy for up to $75 mln
RE
06/23PETROBRAS : on the sale of E&P assets in the Espírito Santo Basin June 23, 2022
PU
06/23Brazil's Petrobras to sell deepwater assets to BW Energy for up to $75 mln
RE
06/23PETROBRAS : on Gaspetro sale June 21, 2022
PU
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Analyst Recommendations on PETROBRAS
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Financials
Sales 2022 545 B 104 B 104 B
Net income 2022 129 B 24 701 M 24 701 M
Net Debt 2022 218 B 41 652 M 41 652 M
P/E ratio 2022 2,52x
Yield 2022 48,7%
Capitalization 362 B 69 324 M 69 324 M
EV / Sales 2022 1,07x
EV / Sales 2023 1,14x
Nbr of Employees 45 532
Free-Float 64,4%
Chart PETROBRAS
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Technical analysis trends PETROBRAS
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 26,29 BRL
Average target price 41,98 BRL
Spread / Average Target 59,7%
EPS Revisions
Managers and Directors
Fernando Assumpção Borges CEO, Chief Exploration & Production Officer
Rodrigo Araujo Alves Chief Financial Officer
Gileno Gurjo Barreto Chairman
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
Sector and Competitors
1st jan.Capi. (M$)
PETROBRAS-7.59%69 324
SAUDI ARABIAN OIL COMPANY14.30%2 179 983
SHELL PLC28.72%189 141
PETROCHINA COMPANY LIMITED5.76%139 126
TOTALENERGIES SE11.04%133 803
PJSC GAZPROM-13.77%129 727