It was a week where oil prices marked its highest close since July 2015 and natural gas futures surged on cold weather. Overall, it was a good week for the sector. West Texas Intermediate (WTI) crude futures edged up 0.1% to close at …
Really hard times. A combination of factors — both internal and external — have caused Petrobras and PBR stock to falter. So much so, that PBR managed to drop from a peak market cap of $130 billion down to around $30 billion in a …
In a statement, Petrobras President Pedro Parente said this sale included ... the Company's Board of Directors approved a quarterly cash dividend of $0.50 per share of outstanding common stock, payable on July 13, 2018 to stockholders of …
The market does not even seem to care that Exxon Mobil is now back at the same price as when Warren Buffett started buying up the stock. What Petrobras is really at fault over, from the investor angle, is that the company’s management …
Related: World's most corrupt industries Petrobras (PBRA) stock has fallen 53% since September when the scandal first erupted. Its credit default swaps, indicating the risk investors attach to the company, soared over 200 basis points this …
Add pricing issues to long-suffering Petrobras (PBR) shareholders’ pile of worries. Shares of PBR stock are falling hard today, currently down 10% at press time. Why the mass selling of PBR stock? Because of transparency issues for …
RIO DE JANEIRO, Jan 22 (Reuters) - Shares in Brazilian state-run energy giant Petrobras shot up on Tuesday after Monday’s sell-off, fueled by a major natural gas discovery that confirms the high potential of the subsalt cluster off …
Petróleo Brasileiro S.A. (NYSE: PBR), known as Petrobras to most U.S. investors, may finally be closer to a bottom in its stock price. While U.S. oil giants have hung in there, Petrobras shares just seem to keep rolling over with lower and …
The value of Petrobras' stock on the New York Stock Exchange has fallen to $1.70, from about $8 a year ago. Related: Brazil falls deep into recession The foundation says that PwC knew about Petrobras' money laundering but looked the …