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Brazil’s Petrobras Increases Market Value by US$23.35 Billion

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The oil giant Petrobras in Brazil has risen six positions and is now the fourth largest oil company in Latin America and the U.S. in terms of market value at US$49.29 billion, according to consultancy firm Economatica. The survey lists Exxon Mobil remaining as the largest company in the region, with a market value of US$360.9 billion at the beginning of August.

“Petrobras is the second fastest growing company in market value in the year 2016 until August 2nd,” stated the consultancy in its press . . .

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