QUOTE AND NEWS
SeekingAlpha  Sep 26  Comment 
By Value Insight: With the ever-growing dependence of the world's economies on fuel and energy, companies involved in the petroleum and energy industry never lose their significance in the market. Petroleo Brasileiro (NYSE:PBR) is one such...
Forbes  Sep 26  Comment 
Last month, Mike Koza told us why he believes that politics in Brazil, has created an opportunity for Petrobras (NYSE: PBR) to double in the next few years. Since current polls show that Socialist Marina Silva has pulled ahead of President Dilma...
Forbes  Sep 25  Comment 
Investors in Petroleo Brasileiro S.A. (NYSE: PBR) saw new options begin trading today, for the November 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the PBR options chain for the new November 7th...
OilVoice  Sep 25  Comment 
While drilling extension well 3BRSA1022SES 3SES181 Petrobras found gas. The well is located in the Poccedilo Verde Discovery Evaluation Plan area concession BMSEAL4 in the ultradeep wat
Reuters  Sep 24  Comment 
Brazil's state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.
TheStreet.com  Sep 24  Comment 
NEW YORK (TheStreet) -- Shares of Petrobrasa were up 1.32% to $16.13ain afternoon trading Wednesday after the latest polls showed Brazilian president Dilma Rousseff and candidate Marina Silva are tied with 41% of the vote ahead of October's...
SeekingAlpha  Sep 24  Comment 
By Zacks Investment Research: Petrobras (NYSE:PBR) shares were in a steady uptrend this year that looks like a swing traders dream with waves of higher highs and higher lows after the giant integrated Brazilian energy company finally bottomed at a...
TheStreet.com  Sep 22  Comment 
NEW YORK (TheStreet) -- Shares ofaPetrobrasa were down 6.25% to $15.73 in afternoon trading Monday after the latest poll showed incumbent Brazilian presidentaDilma Rousseff was five points ahead of pro-business candidate Marina Silva. The news...




RELATED WIKI ARTICLES
 

Petroleo Brasileiro SA, also known as Petrobras, is a Brazil based holding company that engages in the exploration, production, refining, and sale of crude oil and other energy sources. Petrobras operates over 100 production platforms, 16 refineries, 30,000 kilometers of transportation ducts and more than 6,000 gas station in Brazil, Argentina, Mexico, Portugal, the United States, Peru and Turkey.[1]

While almost all of Petrobras’s barrels of oil and gas reserves come from Brazil, the company has the potential of becoming a major net exporter of oil.[2] In particular, Chinese energy companies and Chinese banks agreed in to finance the development of Petrobras’s offshore oil fields in exchange for guaranteed supplies of oil once the fields developed. However, low oil prices have the potential of reducing Petrobras’s exploration efforts because of the expensive equipment and technology required to develop deepwater oilfields.[3] Despite low gasoline and diesel prices, Petrobras plans to continue expanding its domestic refining and distribution operations.


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Competition

Petrobras remains the largest government owned oil company in Brazil, so it faces very little competition on its home turf. It is difficult for competitors to enter the market given the preferential treatment Petrobras has with the Brazilian government. Despite the opening up of the Brazilian oil market, Petrobras has maintained its market share.



References

  1. Reuters: PBR Profile
  2. Reuters: PBR Profile
  3. moneymornings.com: Petrobras will be poised for big economic gains
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