RIO DE JANEIRO, BRAZIL - Petrobras ADRs are up about 3% in pre-market trading in the US this morning.
If confirmed, the B3 valuation could push Ibovespa higher in today's session, as the company has the second-largest stake in the index after Vale.
The high level of the securities reflects investors' reaction to the figures released last night by the state-owned company.
Petrobras recorded a profit of R$44.5 billion (US$8.5 billion) in the first quarter of 2022. This figure was 3,718% higher than in the same period in 2021 and 41% more . . .
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