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Petróleo Brasileiro S.A. - Petrobras (PBR-A)

NYSE - NYSE Delayed price. Currency in USD
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15.11+0.11 (+0.73%)
At close: 04:00PM EDT
15.07 -0.04 (-0.26%)
Pre-market: 08:05AM EDT
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  • Reuters

    Brazil's plans to drill for oil in the Amazon hit stiff Indigenous resistance

    State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil's northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in the Foz do Amazonas area last year, citing possible impacts on Indigenous groups and the sensitive coastal biome.

  • Reuters

    UPDATE 1-Petrobras board not to discuss extra dividends at Friday meeting, sources say

    The board of directors of Brazilian state-run oil company Petrobras is scheduled to meet on Friday, but a much-awaited discussion on extra dividends will not be on the agenda, four sources familiar with the matter told Reuters. Market participants have been eagerly awaiting a decision on whether the oil giant will pay out the extraordinary dividends relative to its 2023 results or not, but the final word will likely come next week when shareholders gather for a general assembly, the sources said. Petrobras' board in March voted to set aside 43.9 billion reais ($8.39 billion) to pay out in extra dividends in the future, with Brazil's government - which controls the company and its board - hoping it would be able to reinvest that cash.

  • Bloomberg

    Petrobras Chair Returns to Board Divided by Rivalries

    (Bloomberg) -- A Brazilian judge has reinstated Petroleo Brasileiro SA’s chairman as acrimony intensifies between government-appointed board members and those representing minority shareholders of Latin America’s largest oil producer.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching