RIO DE JANEIRO, BRAZIL – The amount of oil waste removed from beaches in the Northeast by Petrobras since September 12th now totals over 200 tons, the state-owned company announced yesterday, October 16th.
The work is being carried out in support of the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA), and the costs of cleaning activities will be reimbursed.
The amount of oil waste removed from beaches in the Northeast by Petrobras since September 12th now totals over 200 tons.
The body is in charge of operational decisions, while the state-owned company provides technical support and implements strategies.
The company activated five Environmental Defense Centers and nine Emergency Response Centers to address this environmental disaster.
The structures are positioned at strategic points in Brazil to ensure adequate response conditions to potential oil spills in the company’s locations, which is not the case with this oil spill on the Brazilian coast.
Analysis from the Petrobras Research Center attested that the crude oil polluting beaches in several Northeastern states since September is not produced in Brazil and has not been marketed or transported by Petrobras.
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…
