RIO DE JANEIRO, BRAZIL – Brazilian President Jair Bolsonaro said on Thursday that he had “initial sympathy” toward the idea of privatizing state-run oil company Petrobras, a comment that gave the company’s shares a minor jolt.
On Wednesday, Economy Minister Paulo Guedes said in an interview that Bolsonaro was no closer to agreeing to the privatization of Petrobras.
Bolsonaro made the comment to national broadcaster GloboNews at an event in Sao Paulo. On Wednesday, Economy Minister Paulo Guedes said in an interview that Bolsonaro was no closer to agreeing to the privatization of Petrobras.
In recent days, government officials and Petrobras executives have sought to reassure investors that the company is completely free of government interference after Petrobras canceled a diesel price hike on Friday at the behest of the government.
Petrobras’ Brazil-listed preferred shares extended their gains by about 0.7 percent following Bolsonaro’s comments and were up 3.5 percent in afternoon trade. Brazil’s benchmark Bovespa index was up 1.3 percent.
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
$163.04B
Market cap
Analyst target $23.31
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.31 · +28% vs 200-day
Valuation & profitability
Market cap$163.04B
Revenue (TTM)$548.49B
P / E ratio6.4
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $25.60
Beta (volatility)-0.23
200-day average$18.19
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.9%
Payout ratio28.3%
Fwd. annual$1.68
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…
