Petroleo Brasileiro SA Petrobras (PBR.N)
24 Mar 2017
SAO PAULO, March 24 A Brazilian tax court ruled that state-controlled oil company Petróleo Brasileiro SA did not break the law by deducting expenses related to the development of oil and gas field from its 2009 income taxes.
SAO PAULO, March 22 Petróleo Brasileiro SA on Wednesday raised a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion, a sign Brazil's state-controlled oil company plans to expand ventures with peers in segments from refining to oil exploration. In a presentation detailing fourth-quarter results, Petrobras Chief Financial Officer Ivan Monteiro said a recent ruling by Brazil's auditing court TCU regarding the plan will speed up its execu
SAO PAULO, March 22 Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, on Wednesday said it has ways to speed up its divestment program despite a recent rulling by a Brazil court that imposed changes to the way the plan is executed. (Reporting by Marcelo Teixeira; Editing by Chizu Nomiyama)
RIO DE JANEIRO, March 22 Developing the first phase of Brazil's giant deepsea offshore oil region Libra will require about $5.5 billion in investments for the next five years, state-controlled Petróleo Brasileiro SA's Chief Executive Officer Pedro Parente said on Wednesday.
SAO PAULO, March 22 Petróleo Brasileiro SA raised on Wednesday a goal for asset divestitures and partnerships for this and next year to $21 billion from $19.5 billion previously, a sign Brazil's state-controlled oil company plans to expand ventures with peers in segments from refining to oil exploration. In a presentation detailing fourth-quarter results, Petrobras said cash and equivalents are expected at $19 billion by year-end, compared with about $22 billion last year.
SAO PAULO/RIO DE JANEIRO, March 21 Petróleo Brasileiro SA cut debt by 20 percent and had positive free cash flow for the seventh straight quarter during the fourth quarter, in a further sign of recovery at Brazil's state-controlled oil company in spite of a quarterly profit miss.
PETROBRAS CEO PARENTE SAYS CO WANTS TO RESUME PAYOUTS AS SOON AS POSSIBLE
BRASILIA, March 20 Brazil's state-controlled oil producer Petróleo Brasileiro SA plans to resume planned asset sales as soon as possible following a state auditing court ruling validating the legality of the process, Chief Executive Officer Pedro Parente said on Monday.
SAO PAULO, March 17 Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras, on Friday said it will raise prices for liquified petroleum gas (LPG) by 9.8 percent in the Brazilian market. (Reporting by Marcelo Teixeira; editing by Diane Craft)
BRASILIA, March 17 Brazil's state-run oil company Petrobras has asked the Supreme Court to lift an injunction obtained by an oil workers' union that froze sales of its assets, including its fuels distribution unit, a court official said on Friday.
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