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Brazil: Petrobras has devalued US$17.33 billion since the elections

Petrobras has lost R$84.8 billion (US$17.33) in market value since the results of the second round of the presidential elections.

It went from R$448.7 billion on October 28, 2022, to R$363.9 billion on Friday (May 12, 2023).

The survey was conducted by Einar Rivero, TradeMap's commercial head, upon request from Poder360.

On the first business day after the 2nd round of voting, the state-owned company devalued R$34.2 billion to R$414.5 billion.

The drop in the company's shares on the B3 (São Paulo Stock Exchange . . .

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