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Petrobras Announces $73 Billion Boost for Oil Exploration and Naval Revival
Brazil's state-controlled company, Petrobras, the largest enterprise in the nation, has announced a $73 billion investment plan.
This substantial investment is directed towards expanding its...
Petrobras CEO Prates Said to Secure Position Amidst Government Deliberations
Jean Paul Prates is reportedly set to continue as the CEO of Petrobras, Brazil's leading oil company.
This is despite facing challenges from within the...
Brazil’s Petrobras Strikes Oil in Controversial Equatorial Margin
Yesterday, Petrobras, the national oil giant of Brazil, announced a groundbreaking oil discovery in the deep waters of the Potiguar Basin.
This find, located at...
Monday’s Morning Call: A Quiet Start to the Week Puts Focus Back on Petrobras
The week kicks off with a muted morning call, highlighting an absence of significant economic events on Monday's market agenda.
In such instances, the stock...
Friday’s Morning Call: Focus on U.S. Job Data and Petrobras Outlook
Financial Markets are keenly awaiting this Friday's U.S. job report for March, as its impact on interest rates is significant.
Rates, now between 5.25% and...
Ibovespa’s Subtle Gains Amid Petrobras Uncertainty
Brazil's Ibovespa index witnessed slight gains, closing up only 0.09% at 127,427 points, despite early surges above 1%.
This modest increase reflects the market's reaction...
Petrobras and the Dividend Dilemma: Leadership in Limbo?
President Luiz Inácio Lula da Silva's administration is reportedly on the verge of making a significant change at the helm of Petrobras, Brazil's state-controlled...
Petrobras’ Future Dividends Tied to Investment Strategy
On April 3, Finance Minister Fernando Haddad emphasized the significant influence of Petrobras' investment plan on future dividend distributions.
Haddad explained in a press conference...
Petrobras Secures Top Four Spot in Global Oil Profits for 2023
In 2023, Petrobras marked itself as the world’s fourth-highest-earning oil company, boasting profits of $24.9 billion.
This achievement came even as its earnings dipped from...
Ibovespa Rises, Defying Petrobras Downturn
Ibovespa stock index rose Wednesday due to dollar decline and absence of major announcements, closing at 128,006.05 points, up 0.26%.
This uptick represents a positive...
Ibovespa Rises with Petrobras Recovery
The Ibovespa, Brazil's leading stock index, finished the day higher on Tuesday, bolstered by a recovery in Petrobras shares after they had fallen sharply...
Brazil’s Ibovespa Falls as Petrobras and Vale Stocks Decline
The Ibovespa index saw a 0.75% decrease to 126,123 points on Monday, influenced by declines in Petrobras (PETR4) and Vale (VALE3).
Petrobras' decision not to...
Dollar Stabilizes as US Inflation Data Looms and Petrobras Dividends Stir Market
On Monday, the dollar held steady against the Brazilian real as investors observed upcoming US inflation figures before the Federal Reserve's monetary policy meeting.
They...
Lula’s Call for Petrobras: Investment Over Dividends
Brazil's President Luiz Inácio Lula da Silva emphasized today the need for Petrobras to allocate more funds to investments than to shareholder dividends.
During a...