RIO DE JANEIRO, BRAZIL – Petrobras (PETR3; PETR4) has announced to customers that it will reduce the prices of derivatives in its refineries as of Thursday, February 6th. The liter of gasoline will cost 4.3 percent less and diesel will be 4.4 percent lower. The thermal S10 diesel was reduced by 4.6 percent and the marine diesel by 4.5 percent.
As a result, on Thursday, distributors will be buying R$0.0756 cheaper gasoline and R$0.0917 less for diesel.
Petrobras has announced to customers that it will reduce the prices of derivatives in its refineries as of Thursday, February 6th.
According to the FCStone consultancy, the reduction in gasoline and diesel prices was uniform on all delivery bases.
“I believe Petrobras’ changes were focused on yesterday’s gasoline and diesel market. The revision left the window slightly open (opportunity for importers to gain market share) on diesel and zero to zero on gasoline. As the market is reverting into a very strong high today, with the potential for the treatment of coronavirus now, the spot market is now closed. In other words, it has set near the minimum level,” said Tadeu Silva, Oil and Gas consultant at FCStone.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$135.20B
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$135.20B
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
Yield17.6%
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…
