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.
Petrobras (PBR) eyes Bolivian natural gas investment to revive domestic fertilizer production and aims to raise gas output to 30 million cubic meters per day.
Petrobras (PBR) hikes gasoline prices by 7.1% for the first time in 11 months, raising inflation fears and impacting consumers amid changing political and corporate dynamics and currency depreciation.
Brazilian state-run oil company Petrobras will raise gasoline prices for distributors for the first time in almost a year this week, it said on Monday, while also hiking liquefied petroleum gas (LPG) prices.
Pembina's (PBA) venture entity, Pembina Gas Infrastructure, signs a deal to buy 50% of Whitecap's Kaybob complex for C$252M, securing long-term agreements for infrastructure and future growth.