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    PETR4   BRPETRACNPR6

PETROBRAS

(PETR4)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-08-10 pm EDT
37.11 BRL   -0.32%
08/09PETROBRAS : on EIG Energy´s lawsuit - Form 6-K
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08/09PETROBRAS : on EIG Energy´s lawsuit August 09. 2022
PU
08/08FACTBOX : Government measures to ease inflation pain
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Petrobras Board Approves Caio Mario Paes de Andrade as New CEO

06/27/2022 | 01:22pm EDT

By Jeffrey T. Lewis


SAO PAULO--Brazilian oil company Petroleo Brasileiro SA, or Petrobras, has a new chief executive officer after the state-controlled company's board approved Caio Mario Paes de Andrade for the position.

The new CEO takes over from Jose Mauro Ferreira Coelho, who resigned last week after about two months in the job amid strong criticism by Brazilian President Jair Bolsonaro of Petrobras's recent decisions to raise the prices of gasoline and diesel fuel.

Mr. Bolsonaro is trailing his most likely opponent in October's presidential elections, former President Luiz Inacio Lula da Silva, by a wide margin in opinion polls and is working to bring the country's high inflation rate down ahead of the voting.

Last week, Mr. Bolsonaro signed into law a proposal to reduce state sales taxes on fuels and on other items as part of that effort. The government can't legally order Petrobras to cut fuel prices but it can fire top executives.

Last year, Brazil's government fired respected executive Roberto Castello Branco from the job and replaced him with army general Joaquim Silva e Luna. The government replaced Mr. Silva e Luna with Mr. Ferreira Coelho earlier this year.


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


(END) Dow Jones Newswires

06-27-22 1321ET

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.02% 5.2479 Delayed Quote.-17.82%
LONDON BRENT OIL 0.05% 97.18 Delayed Quote.23.87%
PETROBRAS -0.32% 37.11 Delayed Quote.30.86%
TERRA (LUNA/USD) -5.93% 1.983 End-of-day quote.-97.84%
WTI 0.07% 91.719 Delayed Quote.19.95%
All news about PETROBRAS
08/09PETROBRAS : on EIG Energy´s lawsuit - Form 6-K
PU
08/09PETROBRAS : on EIG Energy´s lawsuit August 09. 2022
PU
08/08FACTBOX : Government measures to ease inflation pain
RE
08/08PETROBRAS : signs new addendum with YPFB - Form 6-K
PU
08/08PETROBRAS : concludes the sale of onshore fields in Ceará - Form 6-K
PU
08/05Brazil's Eletrobras brings back former CEO Ferreira, elects new chairman
RE
08/05PETROBRAS : concludes the sale of onshore fields in Ceará August 05, 2022
PU
08/05PETROBRAS : signs new addendum with YPFB August 05, 2022
PU
08/05Brazil's Lula advised to buy back Petrobras refineries - study author
RE
08/05Brazil's Lula advised to buy back Petrobras refineries - source
RE
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Analyst Recommendations on PETROBRAS
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Financials
Sales 2022 633 B 125 B 125 B
Net income 2022 170 B 33 713 M 33 713 M
Net Debt 2022 233 B 46 017 M 46 017 M
P/E ratio 2022 2,80x
Yield 2022 41,1%
Capitalization 503 B 99 638 M 99 638 M
EV / Sales 2022 1,16x
EV / Sales 2023 1,40x
Nbr of Employees 45 532
Free-Float 64,4%
Chart PETROBRAS
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Petrobras Technical Analysis Chart | MarketScreener
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Technical analysis trends PETROBRAS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 37,11 BRL
Average target price 41,55 BRL
Spread / Average Target 12,0%
EPS Revisions
Managers and Directors
Caio Mario Paes de Andrade Chief Executive Officer & Director
Fernando Assumpção Borges President
Rodrigo Araujo Alves Chief Financial Officer
Gileno Gurjo Barreto Chairman & Executive Director-Exploration
Marcelo da Silva Carreras Head-IT & Telecommunications
Sector and Competitors
1st jan.Capi. (M$)
PETROBRAS30.86%98 348
SAUDI ARABIAN OIL COMPANY22.44%2 327 819
SHELL PLC34.70%193 357
TOTALENERGIES SE13.94%133 028
PETROCHINA COMPANY LIMITED-0.58%131 565
EQUINOR ASA54.05%119 597