Petrobras - Petroleo Brasileiro S.A. is a Brazilian multinational corporation engaged in the exploration, production, refining, and distribution of oil and natural gas
As one of the largest energy companies in the world, Petrobras plays a vital role in Brazil's energy sector, managing extensive oil fields, both offshore and onshore, and participating in various stages of the petroleum chain, from extraction to retail. Additionally, the company is involved in biofuels and renewable energy initiatives, striving to enhance sustainability and reduce environmental impacts while meeting both domestic and international energy demands.
Petrobras Brasileiro shares are trading higher Friday, following the approval of $3.4 billion in extraordinary dividends by its board. Here's what you need to know.
Petrobras shares up on Business Plan 2025-2029 with focus on replenishing reserves, boosting production, expanding portfolio, and increased investments.
It's a mixed start to the week on Wall Street, with technology stocks dragging down the Nasdaq 100 and S&P 500 indices, while blue-chip stocks in the Dow Jones Industrial Average reached new all-time highs during the morning session in New York as traders weighed the latest surge
IEA revises 2025 global oil demand outlook to 1.05 million barrels per day, citing economic recovery and lower fuel prices. OPEC projects higher growth.
Petrobras' new chief executive officer Magda Chambriard reportedly stated that a basin in Brazil's Equatorial Margin was a matter of "national interest." On Friday, Petrobras appointed Magda Chambriard as a member of the Board of Directors and elected her as the company's new CEO. She replaced prior CEO Jean Paul Prattes, who had resigned amid a dispute over dividend payments.
Jim Cramer likes Enbridge Inc. (NYSE: ENB), says Lazard, Inc. (NYSE: LAZ) is a good buy, and Advanced Drainage Systems, Inc. (NYSE: WMS) is an incredible infrastructure play. He also mentions Jacobs Solutions Inc. (NYSE: J) and Sarepta Therapeutics, Inc. (NASDAQ: SRPT). Petrobras CEO was fired by Brazil's President, and Palantir Technologies Inc. (NYSE: PLTR) reported a 21% increase in first-quarter revenue.
