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Petroleo Brasileiro SA Petrobras (PETR4.SA)

PETR4.SA on Sao Paulo Stock Exchange

21.78BRL
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R$ 21.80
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Latest Key Developments (Source: Significant Developments)

Vallourec Q2 EBITDA Drops To EUR ‍​43 Million, 2020 Outlook Confirmed
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Vallourec <>::Q2 GROSS OPERATING INCOME (EBITDA) EUR ‍​43 MILLION VERSUS EUR 102 MILLION YEAR AGO.Q2 REVENUE EUR ‍​843 MILLION VERSUS EUR 1.08 BILLION YEAR AGO.END-Q2 NEGATIVE FREE CASH FLOW EUR ‍​77 MILLION VERSUS POSITIVE EUR 16 MILLION YEAR AGO.END-Q2 NET DEBT OF EUR 2,326 MILLION COMPARED TO EUR 2,267 MILLION AT THE END OF MARCH 2020.2020 OUTLOOK CONFIRMED.Q2 NET LOSS GROUP SHARE EUR 493‍​ MILLION VERSUS LOSS OF EUR 77 MILLION YEAR AGO.TWO-YEAR EXTENSION, UNTIL MID 2023, OF THE FRAMEWORK CONTRACT WITH PETROBRAS <<>>.IMPORTANT CONTRACTS IN AFRICA AND THE MIDDLE EAST FOR DELIVERIES IN 2021.  Full Article

Brazil's Petrobras Opens Non-Binding Phase For Sale Of Stake In Seven Concessions In Alagoas State - Filing
Wednesday, 29 Jul 2020 

July 29 (Reuters) - :BRAZIL STATE-RUN OIL COMPANY PETROBRAS SAYS OPENS NON-BINDING PHASE FOR SALE OF ITS STAKE IN SEVEN ONSHORE AND SHALLOW WATER CONCESSIONS IN ALAGOAS STATE - FILING.OPERATION IN LINE WITH COMPANY STRATEGY OF IMPROVING ITS PORTFOLIO AND CAPITAL ALLOCATION.COMPANY INCREASINGLY LOOKING TO CONCENTRATE RESOURCES IN DEEP, ULTRA-DEEP WATERS .Source text for Eikon: [ID:].  Full Article

Oil group Total: production ramped up on Brazilian Iara project
Friday, 26 Jun 2020 

June 26 (Reuters) - Total SA ::TOTAL: BRAZIL: PRODUCTION RAMP-UP ON IARA WITH THE START-UP OF THE SECOND FPSO.  Full Article

Petrobras execs see divestments going forward smoothly despite coronavirus, price shock
Thursday, 26 Mar 2020 

RIO DE JANEIRO, March 26 (Reuters) - :PETROBRAS CEO ROBERTO CASTELLO BRANCO SAYS OIL INDUSTRY PERHAPS LIVING THROUGH ITS WORST CRISIS IN THE LAST 100 YEARS.PETROBRAS CEO SAYS UNLESS THERE IS SOME UNEXPECTED EVENT, WE ARE NOT EXPECTING A SIGNIFICANT RECOVERY IN THE PRICE OF OIL.PETROBRAS EXPLORATION AND PRODUCTION DIRECTOR SAYS TOO EARLY TO DETERMINE IF CO WILL CHANGE 2020 OUTPUT FORECAST.PETROBRAS DOWNSTREAM HEAD SAYS POSTPONING MAINTENANCE AT REFINERIES TO AVOID AGGLOMERATION OF WORKERS.PETROBRAS CFO SAYS CO HAS BEGUN RENEGOTIATION OF SERVICE CONTRACTS, WHICH COULD POSITIVELY AFFECT BREAKEVEN PRICE OF PROJECTS IN THE MEDIUM TERM.PETROBRAS CEO SAYS IF PRICES OFFERED FOR ASSETS BEING SOLD DROP BELOW THE CO'S EVALUATIONS, IT WILL NOT GO FORWARD WITH DIVESTMENT.PETROBRAS CEO SAYS HAS RECEIVED NO INDICATION THAT THERE IS NOW LESS INTEREST AMONG POTENTIAL BUYERS OF CO'S ASSETS.PETROBRAS DOWNSTREAM HEAD SAYS DOES NOT BELIEVE RECENT DEVELOPMENTS HAVE AFFECTED PRICES FOR REFINERIES CO IS SELLING.PETROBRAS EXPLORATION AND PRODUCTION HEAD SAYS IT IS POSSIBLE THAT SOME CAPEX PLANNED FOR 2021 WILL BE DELAYED, BUT IT IS STILL EARLY TO DETERMINE DEFINITIVELY.  Full Article

Brazil's Petrobras to cut price of gasoline at refineries by 15%
Tuesday, 24 Mar 2020 

RIO DE JANEIRO, March 24 (Reuters) - :BRAZILIAN STATE-RUN OIL FIRM PETROBRAS TO CUT PRICE OF GASOLINE AT REFINERIES BY 15% ON WEDNESDAY -STATEMENT.  Full Article

Brazil's Petrobras Begins Binding Phase For Stakes In Polo Golfinho And Polo Camarupim--Statement
Thursday, 19 Mar 2020 

March 18 (Reuters) - :BRAZIL'S PETROBRAS BEGINS BINDING PHASE FOR STAKES IN POLO GOLFINHO AND POLO CAMARUPIM--STATEMENT.  Full Article

Petrobras Begins Binding Phase To Sell Deep Water Fields On Pelotas Basin- Filing
Monday, 16 Mar 2020 

March 16 (Reuters) - :PETROBRAS BEGINS BINDING PHASE TO SELL DEEP WATER FIELDS ON PELOTAS BASIN- FILING.PETROBRAS, TOTAL AGREE TO SELL UP TO 65% STAKE IN PELOTAS E&P ASSETS- FILING.  Full Article

Misc Says Unit Awarded Long-Term Charter Contract For 3 Shuttle Tankers By Petróleo Brasileiro S.A.
Wednesday, 5 Feb 2020 

Feb 5 (Reuters) - Misc Bhd ::UNIT AWARDED LONG-TERM CHARTER CONTRACT(S) TO OWN & OPERATE 3 NEWBUILDING SUEZMAX DP2 SHUTTLE TANKERS.ESTIMATED CONTRACT VALUE $525.6 MILLION & CHARTER EXPECTED TO COMMENCE IN 2022.AET TANKER GETS LONG-TERM CHARTER CONTRACT TO OPERATE 3 NEWBUILDING SUEZMAX DP2 SHUTTLE TANKERS FROM PETRÓLEO BRASILEIRO S.A..  Full Article

Petrobras Begins Binding Phase In Sale Of Fuel Distribution Subsidiary In Uruguay- Filing
Wednesday, 5 Feb 2020 

Feb 4 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROBRAS BEGINS BINDING PHASE IN SALE OF FUEL DISTRIBUTION SUBSIDIARY PUDSA, IN URUGUAY- FILING.PETROBRAS OWNS SECOND LARGEST FUEL DISTRIBUTOR IN URUGUAY, WILL SELL GAS STATIONS AND LOGISTIC TERMINALS- FILING.PETROBRAS TO INVITE GROUPS SELECTED FOR BINDING PHASE - FILING.  Full Article

Petrobras Files For Global Offering Of Up To 611.84 Mln Common Shares
Wednesday, 22 Jan 2020 

Jan 21 (Reuters) - Petroleo Brasileiro SA Petrobras ::PETROBRAS FILES FOR GLOBAL OFFERING OF UP TO 611.84 MILLION COMMON SHARES, INCLUDING COMMON SHARES REPRESENTED BY ADSS, BY SELLING SHAREHOLDERS-SEC FILING.  Full Article

UPDATE 1-Brazil's Ocyan aims for bigger offshore platforms to cement comeback

RIO DE JANEIRO, Aug 4 Offshore oil industry supplier Ocyan plans to participate in bids for much bigger platforms than it currently has in Brazilian waters, the world's largest market for floating platforms, Chief Executive Roberto Bischoff told Reuters.