Brazilian state-run oil firm Petrobras will pay extraordinary dividends if there is an "opportunity" for it, Chief Financial Officer Fernando Melgarejo said on Friday.
Brazilian state-run oil giant Petrobras said on Thursday that its board had approved a 13.57 billion-real ($2.45 billion) payout to shareholders in dividends and interest on equity, equivalent to 1.05 reais per share.
Petrobras (PBR) highlights that the Uchuva-2 well can provide relevant information for developing a new exploration and production frontier in Colombian waters.
Petrobras (PBR) beat the Zacks Consensus Estimate for earnings just once in the last four quarters and missed in the other three.
Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters.
In the latest trading session, Petrobras (PBR) closed at $14.06, marking a -0.85% move from the previous day.
Petrobras is a cheap oil company with good fundamental indicators, high dividends, and positive operational prospects. Political uncertainty surrounds Petrobras due to state ownership and influence on fuel prices, impacting government popularity and policies. Petrobras offers attractive valuation, strong cash generation, high dividends, and good prospects, but state interference poses a significant risk for investors.
Brazil's state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia's huge oil offshore discovery in Namibia, Petrobras Exploration and Production Director Sylvia dos Anjos told Reuters on Friday.
Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
Brazil's state-run oil company Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65 billion in 2021, three people familiar with the matter told Reuters.
In the closing of the recent trading day, Petrobras (PBR) stood at $14.57, denoting a -1.22% change from the preceding trading day.
In the most recent trading session, Petrobras (PBR) closed at $15.19, indicating a +0.33% shift from the previous trading day.