Brazilian President Luiz Inácio Lula da Silva received a recommendation from the Council of the Investment Partnership Program (CPPI) on Wednesday 5 to exclude state companies from the privatization processes initiated by former President Jair Bolsonaro.
The resolutions published in the Diário Oficial da União (DOU) include Petrobras and Correios (Post Office) and other companies such as Telebrás and Dataprev.
The measure meets the request of the President of the Republic, who wants the privatization processes of the state-owned companies to be revoked.
The decision was taken at an extraordinary meeting of the CPPI.
The sectorial ministries were oriented to work on the revocation of the privatization processes of the state-owned companies.
The goal is to remove these companies from the National Privatization Program (PND) or to bar their qualification under the PPI (Investment Partnership Program).
The CPPI is a collegiate body that advises the President of the Republic on policies and actions involving partnerships between the public and private sectors.
The decision to exclude Petrobras and Correios from the privatization processes initiated by Bolsonaro follows the line defended by Lula since the beginning of his mandate.
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
$168.58B
Market cap
Analyst target $23.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.95 · +27% vs 200-day
Valuation & profitability
Market cap$168.58B
Revenue (TTM)$548.49B
P / E ratio6.6
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.7852-wk high $26.39
Beta (volatility)-0.23
200-day average$18.89
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.3%
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…
