QUOTE AND NEWS
Benzinga  Aug 15  Comment 
Positive 2Q16 results may boost the shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) in the near term, Barclays’ Paul Y. Cheng said in a report. The analyst has an Underweight rating on Petrobras and an Equal-weight rating on the...
Benzinga  Aug 12  Comment 
Morgan Stanley maintained its Overweight rating and raised its price target to $10 on Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) following the company's solid second quarter results. The revised target of $10 implies an upside of 15...
Insurance Journal  Aug 8  Comment 
Insurers who sell policies limiting executives’ liability from lawsuits have seen a surge in business thanks to a sprawling Brazilian corruption probe involving state-controlled Petroleo Brasileiro SA and a rash of corporate bankruptcies. The...
OilVoice  Aug 4  Comment 
Exactly 10 years ago Petrobras discovered 8 billion barrels of oil in the Lula field which is located under one thousand meters of fossil salt in ultradeep waters off Brazil. Since then Petrobras
Clusterstock  Aug 2  Comment 
RIO DE JANEIRO (Reuters) - A U.S. appeals court put a class action case against Brazil's state-run oil company Petroleo Brasileiro SA on hold pending the resolution of an appeal filed by the company, according to a court filing on...




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.


You've ralely captured all the essentials in this subject area, haven't you?

A wonderful job. Super hlefpul information.

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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki