QUOTE AND NEWS
Reuters  3 hrs ago  Comment 
Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday.
Financial Times  9 hrs ago  Comment 
Sérgio Moro enlists the public in the face of political opposition to Petrobras probe
TheStreet.com  10 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Rio de Janeiro-based energy company Petrobras   are lower by 5.12% to $5.66 in early afternoon trading on Tuesday, after UBS cut its earnings estimates on the stock and oil prices fell on fresh signs of...
Reuters  Sep 1  Comment 
Brazil's state-led oil company Petrobras said late Monday that it would raise the wholesale price of liquefied petroleum gas (LPG) by 15 percent effective Tuesday, the first price adjustment for the essential cooking gas in 13 years.
Benzinga  Aug 31  Comment 
Shares of Trevena Inc (NASDAQ: TRVN) were up more than 36 percent in Monday’s after-hours session, after the company announced positive results from its Phase 2b study of TRV130 in Acute Postoperative Pain. Neil Singla, M.D., chief...
CNNMoney.com  Aug 31  Comment 
Rolls-Royce, the crown jewel of British engineering, has been dragged into Brazil's colossal corruption scandal.
TheStreet.com  Aug 31  Comment 
NEW YORK (TheStreet) -- Petrobras stock is down by 4.24% to $5.53 in late morning trading on Monday, as oil prices decrease. WTI crude is falling 1.53% to $44.53 per barrel, while Brent crude is declining 2% to $49.05 per barrel, according to...
guardian.co.uk  Aug 30  Comment 
Scrutiny comes as the firm remains under criminal investigation in the UK over corruption allegations in Asia One of Britain’s biggest corporate names has been dragged into a multibillion-dollar corruption scandal after Rolls-Royce admitted it...
TheStreet.com  Aug 27  Comment 
NEW YORK (TheStreet) -- Shares of energy company Petrobras   are higher by 5.91% to $5.38 in early morning trading on Thursday, as oil prices rebound with global markets. U.S. stocks ended a six-day losing streak yesterday, as the stock...




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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