RIO DE JANEIRO, BRAZIL – Although the company is undergoing a long divestment process in several areas, the president of Petrobras, Roberto Castello Branco, denied on Tuesday, October 8th, that the company will be privatized.
“There is no plan to privatize Petrobras, that is a fantasy,” he said in a public hearing at the Mines and Energy Committee of the Chamber of Deputies.
The president of the state-owned company also noted that the company has offered resignation incentive plans to employees in areas that are being sold.
The president of Petrobras also noted that the company has offered resignation incentive plans to employees in areas that are being sold
“We will not leave anyone behind,” added Castello Branco.
Diesel
The president of Petrobras also claimed that the problem of Brazilian truckers is not the price of diesel, but the lack of demand for road freight transport.
“We could sell diesel at the Venezuelan prices and that wouldn’t solve the truckers’ problem. The problem with truckers is that they lack cargo and, with the incentives provided by previous governments, there is an excess of trucks on the roads,” Castello Branco said at the public hearing in the Chamber of Deputies.
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
$141.97B
Market cap
Analyst target $23.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.95 · +26% vs 200-day
Valuation & profitability
Market cap$141.97B
Revenue (TTM)$548.49B
P / E ratio5.6
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$19.04
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield16.4%
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…
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