QUOTE AND NEWS
Reuters  Jun 15  Comment 
Brazil's state-controlled oil company Petróleo Brasileiro SA has kicked off a competitive auction process to sell Liquigás Distribuidora SA, a subsidiary focused on the...
Benzinga  Jun 13  Comment 
Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) hosted a meeting with analysts on June 10. Morgan Stanley’s Bruno Montanari maintained an Equal-weight rating for the company, while saying that the balanced and down-to-earth approach of new...
Benzinga  Jun 13  Comment 
Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) hosted a meeting with sell-side analysts on June 10, as part of its efforts to strengthen the relationship with the market and discusses issues. Credit Suisse’s Andre Natal mentioned four...
Motley Fool  Jun 9  Comment 
Why the five-year charts are trending hugely down and what long-term investors should know about buying in now.
Motley Fool  Jun 8  Comment 
A 5% production bump from April to May and an update on production costs show the company is at least headed in the right direction, and Wall Street rewarded the stock.
Reuters  Jun 7  Comment 
Petróleo Brasileiro SA, the world's most indebted oil firm, has kicked off the sale of a network of liquefied natural gas terminals and thermal power plants, as part of...
Motley Fool  Jun 7  Comment 
Tune in to hear why Petrobras and Vale, two Brazilian energy companies that seem to be bottoming out, might not be worth the potential upside amidst seemingly endless corruption scandals.
OilVoice  Jun 6  Comment 
Helix Energy Solutions Group Inc. NYSE HLX announced today that it has completed its contract renegotiations with Petroacuteleo Brasileiro S.A. and has entered into amendments to its well interv




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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