RIO DE JANEIRO, BRAZIL – The minister’s statement comes after the state-owned company announced that it is monitoring the product’s international market, as a result of attacks on Saudi Arabia’s refineries.
“Oil is up to Petrobras. The price of oil is up to Petrobras,” Guedes said when he arrived at the Ministry of Economy, after a meeting with President Jair Bolsonaro on Tuesday afternoon.
Economy Minister Paulo Guedes said that it is up to Petrobras to settle issues related to the price of oil.
Soon after the air raids on the Abqaiq refinery, the Saudi Arabian government announced that its daily production has plummeted by approximately half. When markets opened, the impact of the attacks resulted in rising international oil prices.
According to Petrobras, for the time being, there are no price readjustments expected for products sold by the state-owned company, such as fuels and oil derivatives.
Also according to the company, the international price of oil is volatile and the sudden rise in prices “may be mitigated to the extent that greater clarification on the impact on world production is known. Petrobras decided to monitor the market variation in the coming days and not make any immediate adjustments”, states the note.
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$139.52B
Market cap
Analyst target $22.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.95 · +29% vs 200-day
Valuation & profitability
Market cap$139.52B
Revenue (TTM)$548.49B
P / E ratio5.3
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $21.99
Beta (volatility)-0.21
200-day average$17.83
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield17.5%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
