RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro said on Monday, May 30, that Petrobras can “break Brazil” if there are new diesel increases and attacked governors for questioning the ICMS reduction approved by the House.
“It is a crime to charge R$1 (US$0.21) of ICMS per liter of diesel oil,” Bolsonaro said during a press conference scheduled to address the actions of the federal government in aid of victims of floods that killed dozens of people in Pernambuco state.
The president said that the governors want to cash in on ICMS even though they already have resources.
Brazilian President Jair Bolsonaro. (Photo: internet reproduction)
“As I warned last month, Petrobras can break Brazil with this,” followed the president.
According to Bolsonaro, the federal government is trying to find legal ways, “without interfering”, to lower fuel prices.
Last week, the government announced another change in the presidency of Petrobras, the third in three years, in another attempt to control the increase in fuel prices.
With information from Reuters
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
$119.87B
Market cap
Analyst target $22.03
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.03 · +31% vs 200-day
Valuation & profitability
Market cap$119.87B
Revenue (TTM)$548.49B
P / E ratio4.8
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $21.44
Beta (volatility)-0.22
200-day average$16.79
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield19.2%
Payout ratio28.3%
Fwd. annual$1.69
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…
