Mubadala, UAE state-owned holding company that acts as a sovereign wealth fund, has lodged a complaint against Petrobras with the Administrative Council for Economic Defense (Cade).
The complaint pertains to alleged high pricing of oil sold by the Brazilian oil corporation.
The Mataripe refinery, owned by Mubadala, argues that Petrobras is charging more than the prices it sets for its own refineries.
The refinery was privatized in 2021 at US$1.8 billion.
Al Mamoura Tower (Mubadala Headquarters) in Abu Dhabi.
Petrobras refutes these accusations, stating that the Mataripe refinery can purchase oil from around 60 other oil producers within the country.
They further argue that Acelen, Mubadala’s subsidiary managing Mataripe, is urging Cade to make Petrobras supply oil at rates below the market value.
Meanwhile, the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) notes a 12% hike in gasoline prices since Luiz Inácio Lula da Silva’s presidency resumed.
Among other states, Amazonas has seen a notable rise in gasoline prices, reaching a 25% increase compared to December 2022.
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$167.55B
Market cap
Analyst target $24.09
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $24.09 · +30% vs 200-day
Valuation & profitability
Market cap$167.55B
Revenue (TTM)$548.49B
P / E ratio6.6
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $26.11
Beta (volatility)-0.23
200-day average$18.54
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.5%
Payout ratio28.3%
Fwd. annual$1.43
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
